.KTFA:

Samson: Is there a threat to hard currency reserves? The central bank explains

14th February, 2021

The Central Bank of Iraq ruled out, on Sunday, the existence of a threat to hard currency reserves as a result of borrowing, indicating that the oil market recovery maximizes the reserve.

The Director General of the Accounting Department at the Central Bank, Ihssan Shamran, said, according to the official agency, that "the dollar reserve of the Central Bank is not directly affected by the borrowings that the Ministry of Finance makes from banks," noting that "its impact is indirect and limited."

KTFA:

Samson: Iraq: The Budget Law Enacted Will Reveal The Start Of Implementation Of The Chinese Agreement

13th February, 2021

Advisor to the Iraqi Prime Minister Mazhar Muhammad Salih said that the legislation of the budget law will reveal the start of implementation of the Chinese agreement.

Saleh added to the Iraqi News Agency (INA) today, Saturday, that project funds in the framework agreement with China are stabilized through the credit facilities provided by the Chinese side to the investment projects contracted, according to the same agreement, in the interest of Iraq, especially when oil revenues are low and Iraq's share in the same Iraqi-Chinese fund.

.KTFA:

DeepWoodz: Imo...LADIES AND GENTLEMEN....this is directly related to the WHITE PAPERS.

READ SLOWLY

The Council of Ministers decided the following:

a. Forming a committee called (the Supreme Committee for Reform) that includes:

１. Prime Minister / President

２. Minister of Finance / Vice President

３. Minister of Planning / Member

４. Minister of Oil / Member

５. Secretary General of the Council of Ministers / member

６. Governor of the Central Bank / member

.KTFA:

DELTA: IMF Executive Board Concludes 2020 Article IV Consultation with Iraq

February 11, 2021

Washington, DC: On February 8, 2021 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Iraq.

The COVID-19 pandemic and a sharp decline in oil revenues have exacerbated Iraq’s longstanding economic vulnerabilities. Real GDP contracted by an estimated 11 percent in 2020, reflecting a slowdown in non-oil activity and cutbacks in oil output as a result of OPEC+ decisions. Large fiscal and external current account deficits of 20 and 16 percent of GDP, respectively, constrained the government’s ability to mount an effective fiscal response to the crisis.

.KTFA:

Samson: An economist warns of the continued exit of hard currency to other countries

08:34 - 11/02/2021

The economic expert, Ihssan Al-Kinani, warned that the continued exit of hard foreign currency from inside Iraq to the outside will have negative effects on the Iraqi economy, pointing out that any decrease in oil prices will have disastrous consequences for the loss of the currency.

Al-Kinani said to / the information /, that "the exit of foreign currency from Iraq has not noticed its negative effects at the present time due to high oil prices and the large amount of dollars entering the country."

.KTFA:

Samson: The Iraqi budget is on the table of the prime ministers and the republic

8th February, 2021

The Iraqi Prime Minister, Mustafa Al-Kazimi, discussed today, Monday, with the President of the Republic, Barham Salih, efforts to approve the state budget for the current year 2021.

Al-Kazemi's media office said, in a statement received by Shafaq News Agency, that the latter received, this evening, the President of the Republic, Barham Salih, indicating that during the meeting they discussed the latest political developments and general conditions in the country, as well as the efforts made to approve the General Federal Budget Law for the year 2000 2021.

He explained that the meeting discussed preparations for the conduct of the election process and preparations for it and providing all the requirements for its success, in a way that ensures that its results are the true expression of the will of the Iraqi people and their choices.

.KTFA:

Samson: Digital enrollment service launched

7th February, 2021

The Central Bank of Iraq announces the launch of the digital enrollment service, which is the first of its kind in Iraq and the region.

Digital enrollment is an integrated digital financial system that enhances financial independence and liberation from traditional financial systems, as it works to transform Iraq into a country less dependent on cash, which enables the state to fight corruption, evasion and bureaucracy in financial dealings within banks operating in Iraq.