KTFA:

Henig:  The largest oil producers in the world.. This is the arrangement of Iraq

12/11/2022 11:24:33

{International: Al Furat News} The United States is the world's largest oil producer, far behind its closest competitors, as it produced about 16.6 million barrels of oil on average per day in 2021.

Saudi Arabia and Russia rank second and third, respectively, with production of about 11 and 10.9 million barrels per day of oil, respectively, according to data collected by British Petroleum.

The top three countries produced more oil than the bottom seven countries in the top ten combined.

 Canada ranked fourth, according to the chart prepared by Statista, with a production of 5.4 million barrels per day, followed by Iraq (4.1 million barrels), China (4 million barrels per day), the UAE (3.7 million barrels), and Iran (3.6 million barrels). Daily).

 The first ten countries are completed by Brazil with 3 million barrels per day and Kuwait with 2.7 million barrels.  LINK

KTFA:

Clare:  Planning and the World Bank are discussing three important files, including financial reform

Deputy Prime Minister - Minister of Planning, Muhammad Ali Tamim, discussed today, Sunday, with the World Bank Vice President for the Middle East and North Africa, Farid Belhaj, 3 important files, including financial reform.

 A statement from his office, which {Euphrates News} received a copy of, stated that: "During the meeting, which was attended by John Kristoff, the Regional Director for the Levant Countries, Paul Numba, Richard Abdel Nour, the Special Representative of the World Bank Mission in Iraq and the Director General of International Cooperation in the Ministry, Saher Abdel Kazim, and a number of officials took place. Exchanging views on a number of issues related to the role of the World Bank in supporting development efforts in Iraq.

KTFA:

Clare:  A deputy calls on the central bank and the government to act to stop speculation in dollar prices

12/10/2022

Today, Saturday, a member of the Labor and Social Affairs Committee, Hussein Arab, called on the Central Bank and the government to take action to stop speculation in dollar prices.

Arabs told {Euphrates News}, "Speculation with the exchange rates of the dollar and its rise to this level is unacceptable and undermines the citizen's confidence in the economic process or the country's monetary and financial policy."

He added, "We believe that this issue is orchestrated, and we call on the Central Bank and the government to move quickly to find a solution, as they are concerned and executive," noting that "the duty of parliament is to monitor and legislate."

Arabs pointed out that "solving this issue is not difficult, and that any decision helps the process of stabilizing the exchange rate, except for the traditional methods of currency auction."   LINK

KTFA:

Henig:  Al-Sudani receives an official invitation to visit the United Arab Emirates

Baghdad / NINA / - The Prime Minister, Muhammad Al-Sudani, received today, Wednesday, an official invitation to visit the United Arab Emirates.

The media office of the Prime Minister said in a statement: "Al-Sudani received the Minister of Justice of the United Arab Emirates, Abdullah Sultan bin Awad Al-Nuaimi, and his accompanying delegation."

Al-Sudani expressed Iraq's relentless endeavor to maintain the best relations with the United Arab Emirates, and to strengthen partnership and cooperation at various levels and fields.

Al-Nuaimi delivered to Al-Sudani an official invitation from the UAE leadership to visit the United Arab Emirates, discuss the development of bilateral relations, and emphasize the strengthening of friendship and cooperation with Iraq.  LINK

KTFA:

Toyvp: This was done in August!!!!!!

Exchange Rate in Vietnam

Vietnam - Exchange Rate

Central Bank devalues dong, widens trading band

On 19 August, the State Bank of Vietnam (SBV) announced an adjustment to the average inter-bank VND/USD exchange rate, raising the rate from 21,673 VND/USD to 21,890 VND/USD, the equivalent of a 1.0% increase.

The Bank also decided to widen the exchange rate trading band from +/-2.0% to +/-3.0%, spreading the floor and ceiling exchange rates to 21,233 and 22,547 VND per USD, respectively. The move follows two prior devaluations of the dong this year of 1.0 percentage points each in January and May.

KTFA:

UncleVersie: Member of the Parliamentary Finance: The budget will exceed the barrier of 210 trillion dinars, and these are its priorities

09:18 - 01/12/2022

Baghdad - Mawazine News

Revealed a member of the Parliamentary Finance Committee Mohammed Nouri Aziz, today Thursday, the federal budget for 2023 will amount to more than 210 trillion dinars.

Aziz said in an interview with the official newspaper "Al-Sabah" Mawazine News continued, "One of the priorities of next year's budget is the launch of appointments Degrees of deletion and development, as well as infrastructure, for which very large sums of money will be allocated in the regional development program and may reach more than 8 trillion dinars for the first time in The history of the country's budgets after 2003."

KTFA:

Inneedofgrace: Our Federal reserve is our central bank, and privately owned. There are central bank all over the world and are they privately owned? Is the Central bank of Iraq the same? if not how?

DayTrader: This information comes from https://rightedition.com/2019/10/21/who-owns-the-worlds-central-banks/; I can’t vouch for the accuracy. There's much more information on this link, and others.

While state-owned central banks now predominate, some central banks still have forms of private sector shareholding. These include central banks in the United States, Japan and Switzerland. Figure 3 classifies these central banks according to whether they are owned by government, private sector banks, other private sector shareholders, or some combination of these.

‘Other private sector shareholders’ means individuals and/or non-bank private sector institutions. The European Central Bank (ECB) represents a fourth ownership model not adequately captured by Figure 3, as it is established by treaty among EU member states.

KTFA:

Clare: Its extension depends on the budget.. Committee: Parliament begins its legislative recess at the end of next week

2022-11-30

The Parliamentary Legal Committee announced today, Wednesday, that the House of Representatives will enter the legislative recess at the end of next week, while indicating that the extension of the legislative term is linked to the arrival of the general budget law to the parliament.

Committee member Raed Al-Maliki told Shafaq News agency, "The first legislative year of the parliament will end at the end of next week, and that the parliament will enjoy its legislative recess for a period of 30 days."