MilitiaMan Wednesday Night "We Are Waiting on a Calm Atmosphere" 9-28-2022

KTFA:

MilitiaMan:  The support that they are talking about a change in currency to less cash and to go digital is further along than many fully understand or notice yet..

They clearly are telling us there is an imminent launch of a new currency denomination(s). One(s) that is/are to match more closely to the neighboring countries.

There are six of then. Iran, Turkey, Saudi Arabia, Syria, Jordan and Kuwait.. None of which now or will have 20,000 notes. See below links for support.

With that evidence provided and adding in that they use the wording of they; will be issuing a new denomination with the value of 20,000 dinars.

Well if they delete the three zeros off the exchange rate we get a 20 Dinar note with the value of 20,000 dinars to be in line with denominations in the region. Iran slashed 4 zeros in July 2022.. So tell me were or how a 20,000 note makes sense when they are going to delete three zeros and none of the regional countries have similar notes?

We all know that Iraq has 50,000 notes and 100,000 notes for large transactions that are not public oriented. It makes absolutely no sense for them to do so. But, to have a 20 note, that would be in line with the regional area countries.

The CBI is not in the business to lie to people and they are not lying, imo per se. They tell  us they did effectively devalue the currency and for specific reasons. They also tell us they are not going to change the exchange rate of the Dollar. Exactly, they are not. That is not their job.

Their job is the IQD. They do say they are going to change to new denomination(s) and suggest one is to be valued at (if using todays exchange rate of 1,460 is not far off of that by example.) 20,000 dinars in value.  That is purchase power for the citizens.

The BUNA platform is digital and completed now. It is expected to clear the IQD and they expect they will be live in the second half of 2022. Iran went public with a digital currency on the 22nd of this month they say. 

The ASYCUDA system is a digital system as well, all ready to go and in place now. The Central Bank told us they were to have a less cash society and that a new denomination is to be launched imminently. Well, get ready. 

I do know that there were large sums of money issued as expenses from the CBI with respect to currency issuance in 2018 at an amount of approximately $129,000,000.00 USD in costs to issue. If there are more recent expenses for currency issuances, I have not seen them. If there are not, then they have already printed the new currency and we are not waiting on more printing.

 We are waiting on a calm atmosphere.

Today's vote of confidence for Halbousi my have been just the calm we needed and likely more will follow to calm the citizens. The CBI too, can calm markets. That is a part of their job.

To delete the three zeros from the exchange rate is  directly related to the economy and market prices within the country. The result of deleting the zeros will calm the people and the markets, thus, the investors too. The private sector will be very receptive to it.. imo Looking very sweet to me. The EFSL is for old laws and amendments. That is all accounted for!!. lol imo..  ~ MM

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https://cbi.iq/news/view/2095

The Governor of the Central Bank of Iraq is hosted by the Al-Rafidain Forum

27th September, 2022

Tuesday, Al-Rafidain Forum for Dialogue hosted His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mikhaif, in the presence of local and international personalities. His Excellency said during the special meeting on the sidelines of the forum’s activities, which started Monday, under the slogan “The World is Changing”: International banks had important roles during the Corona pandemic, and the Central Bank of Iraq moved from its traditional role to modern banking, as it prepared a five-year strategy to meet challenges and circumstances. 

His Excellency pointed out that the Central Bank of Iraq presented a unique development initiative that had an internal and external resonance, providing financial liquidity to many sectors, while facilitating the procedures for granting it through government and private banks, which led to moving the wheel of the Iraqi economy.

He added: The banking sector is affected by the challenges that occur in the Iraqi arena, indicating that the bank's management has made tours in several countries to establish joint banking and economic relations within the objectives set for the Central Bank of Iraq. On the other hand, His Excellency indicated that a team from the Central Bank of Iraq is studying the issuance of digital currency. His Excellency touched on the issue of structuring the currency and deleting zeros, which requires a law to be legislated by Parliament, as a draft law was submitted years ago, and it needs amendments. He revealed the imminent launch of a new currency of (20) thousand dinars after the studies and research that were conducted, and the economic feasibility of them, stressing that the Central Bank is working to complete the design of the new currency, and it will be announced after completing its printing.

His Excellency added: We have worked to implement international standards for combating money laundering and terrorist financing, with joint efforts with the concerned and competent authorities with great government support.

 Noting that the Central Bank of Iraq has drawn up a plan to reform the governmental and private banking sector, and that there are a number of measures in this regard that require the cooperation of the concerned authorities. Then he referred to the tasks of the bank's branches in the governorates by covering the southern and northern regions, and that the need arose to cover the middle Euphrates region, and through the studies that were conducted, the Najaf Governorate was chosen to cover that region in order to revive it economically.

Regarding the process of changing the dollar exchange rate, His Excellency the Governor confirmed that it was due to the circumstances that Iraq faced at the time and obligated the bank and the government to change it, stressing that there is no intention of the Central Bank of Iraq to make a change to the dollar exchange rate.

Central Bank of Iraq
Media Office
27 - September - 2022

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 Central Bank of Iraq: We are working on issuing a digital currency and deleting zeros from the dinar requires an atmosphere

27th September, 2022

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, said on Tuesday that the bank is working on issuing digital currency to keep pace with the development of monetary transactions in the region and the world, stressing that deleting zeros from the local currency requires a calm economic atmosphere for that.

Makheif said during his hosting at the Al-Rafidain Forum for Dialogue, that "until now, there is no specific direction, dates, and controls for issuing digital currency in the country," adding, "but during the coming period we are working on these controls to keep pace with the countries of the region and reduce the practice of dealing with cash through the issuance of this digital currency." 

And about deleting zeros from the local Iraqi currency, the central bank governor said, "The process of deleting zeros requires the issuance of a law, and a draft law in this area has been prepared by the central bank and submitted to the previous government." He explained that this law needs amendments, stressing that the issuance of this law requires an atmosphere because the deletion of zeros is directly related to the economy and to market prices in the country.

With regard to the issuance of the Central Bank a new category of local currency, he said, “We are working to issue a new currency, a category of 20 thousand dinars, in order to keep pace with the requirements and to match the neighboring countries,” adding that “we will start announcing the new category after completing its requirements.”

With regard to the exchange rate of the dollar against the Iraqi dinar, the governor of the Central Bank confirmed that "there is no intention to reduce or change the dollar exchange rate."  LINK

The Central Bank intends to issue a banknote of 20 thousand dinars

27th September, 2022

The Governor of the Central Bank of Iraq, Mustafa Ghaleb, announced, on Tuesday, the bank’s intention to issue a new denomination of the Iraqi currency, with a value of 20 thousand dinars, while referring to the choice of the Governor of Najaf to open a branch of the Central Bank to cover the Middle Euphrates region

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Iran:

After slashing four zeros, Iran releases new banknotes

https://shafaq.com/en/Economy/After-slashing-four-zeros-Iran-releases-new-banknotes

Turkey:

Currently there are 5, 10, 20, 50, 100 and 200 lira banknotes and 1, 5, 10, 25 and 50 kurus coins (100 kurus make up one lira) and 1 lira coins. Click here for more information on the security of Turkish lira banknotes and coins. (Interesting facts of the new Turkish lira).

Saudi Arabia:

Saudi's national currency is the Saudi riyal (ر. سSAR), which is subdivided into 100 halala. You'll receive notes in denominations of 1, 5, 10, 20, 50, 100, 200 and 500 riyals, and coins in denominations of 1 or 2 riyals and 1, 5, 10, 25 and 50 halala.

Syria:

Currently, the banknotes circulating in the Syrian economy include the 50, 100, 200-, 500-, 1000-, and 2000-pound denominations. The Central Bank of Syria issued the first banknotes in 1919 in denominations of 5, 25, and 50 qirsha and 1 and 5 livres.

Kuwait:

The unit of currency in Kuwait is the Kuwaiti Dinar (KD), divided into one thousand Fils. Currency notes are issued by the CBK in the following denominations: quarter Dinar, half Dinar, one Dinar, five Dinars, ten Dinars and twenty Dinars.

Jordan:

Central bank: Central Bank of Jordan

Subunit: Qirsh, Piastre

Banknotes: 50 dinars, 20 dinars, 1 dinar, 5 dinars, 10 dinars

Coins: 1 ⁄ 2 qirsh, 10 piastres, 2 1 ⁄ 2 qirsh, 1 qirsh, 1 ⁄ 2 dinar, 5 piastres, 1 ⁄ 4 dinar, 1 dinar

Wednesday Afternoon Iraq Economic News Highlights 9-28-22

Wednesday Afternoon Iraq Economic News Highlights 9-28-22

Report: Iraq Is Among The Top 10 Countries In The World In Oil Pipeline Capacity

Energy   Economy News – Translation   While the number and length of operating oil pipelines have declined since 2010, a new report warns, global stockpiles could grow to an unprecedented level and undermine efforts to curb global warming.

A Crude Awakening paper published by Global Energy Monitor (GEM) that tracks energy generation, distribution and investment infrastructure states that the oil industry has more than 24,000 kilometers of new oil pipelines under development, with more than 10,350 kilometers already under development.

State-owned companies, including China National Petroleum Corporation, Indian Oil Corporation, the government of Zambia and the Iraqi Ministry of Oil, are major contributors to these plans, along with companies such as TotalEnergies, ConocoPhillips and Tullow Oil.

The United States and India are linked by the largest capacity of new pipelines in terms of length, with a length of about 2,800 km each. In India, there are already 1,630 km under construction. US capacity has been largely proposed but not yet built, with only 137 km under construction at this point. According to .edie.net

Among the top 10 countries for most new pipeline capacity are China, Russia, Tanzania, Canada, Iran, Niger, Kenya and Iraq. Russia, the countries of the Greater Gulf region, are likely to export oil from these pipelines to India and China as they face boycotts from European and North American countries.

Regionally, GEM found that Sub-Saharan Africa leads the world in the development of the planned pipeline in terms of length. This is cause for concern because the region has, historically, not been a major contributor to global emissions - yet it faces challenges in accessing energy. According to the International Energy Agency, 74-77% of the population has no access to electricity. Moreover, more than 80% of the population does not have access to clean cooking fuels and techniques.

GEM warns that there are two possible outcomes facing pipeline development. Either it is allowed to move forward, and the world's chances of meeting the Paris Agreement's temperature limits have faded, or developers will face billions of dollars in losses through stranded assets if strong climate policies and direct action prevent a backlog.

In the first case, the oil pumped through the pipelines would produce at least five billion tons of greenhouse gas emissions annually, if all were completed, according to GEM estimates.

Regarding the latter, GEM estimates that developers collectively face the risk of stranded assets of up to $75.4 billion in a low-carbon transition.

GEM accuses governments of paying for the pipelines, or otherwise subsidizing them, for "nearly willful failure" to meet international climate agreements.

The report comes less than two months before COP 27, when delegates gather in Egypt to brief each other on Paris Agreement plans and formulate new commitments on mitigating and adapting to climate change. The summit will start on November 6 in Sharm El Sheikh.

35 . views   Added 09/28/2022 - 9:53 AM   Update 09/28/2022 - 1:03 PM

https://economy-news.net/content.php?id=29938

Poll: The Majority Of The Iraqi People Support Allocating A Fixed Percentage In The General Budget For The Arbaeen Visit

WED, 09-28-2022,PM 12:30   Tayseer Al-Assadi    Al-Warith Academy for Human Development and Strategic Studies conducted a survey of the Iraqi public opinion to find out the extent of its acceptance of allocating a specific percentage in the annual budget to be spent on the requirements of commemorating the Arbaeen visit of Imam Hussein, peace be upon him, because of its great importance to Iraqis

Aqil Al-Sharifi, director of the academy, told Noon news agency, "The visit of the Arbaeen of Imam Hussein has become of global scope and includes multiple dimensions, as it is no longer limited to the religious and tourism dimension, but rather has become one of the elements of the soft power of the Iraqi state and has geopolitical implications, due to the globality of the visit, where millions of visitors participate in it. from all countries of the world"

Al-Sharifi confirmed that the poll question was in the form of (Do you support allocating a fixed percentage in the state’s general budget annually to Karbala governorate and its holy shrines to develop infrastructure and provide services during million visits?), indicating that the number of those who participated in the poll reached 1014 voters from all Iraqis of different ages and classes. The number of supporters was 940 voters, while the opponents voted only 74.

This means that 92.7% of the respondents support the decision to allocate a fixed annual percentage of the state’s general budget to Karbala governorate and its holy shrines for the development of the infrastructure represented in particular by modern transportation and transportation methods Health and environmental services, municipal services, hygiene, waste recycling and other services necessary to manage and gather the millions of visitors.

And the director of the academy indicated that this poll comes after the end of the Arbaeen visit of Imam Hussein, peace be upon him, in Karbala, which witnessed the influx of more than 21 million visitors from different parts of Iraq and the world through the land and air ports, especially Najaf airport and the ports of Shalamcheh and Zurbatiya.    http://non14.net/public/151198

Oil Official: We Are Close To Achieving A Surplus In Gasoline And Exporting It Abroad

Posted On2022-09-28 By Sotaliraq    Baghdad/Bright news   A high-ranking oil official revealed that a surplus of gasoline is imminent and exported abroad, stressing that the operation of the Karbala refinery would reduce imports of motor fuel by 70%.

This comes at a time when an oil expert confirmed that Iraq can invest what was paid for the imported gasoline to pay the construction amounts of the new refinery within a period not exceeding a year and a half.

The Associate Director of the Department of Oil Derivatives, Ihsan Musa Ghanem, said in a statement to Al-Mada that "the Karbala refinery, whose opening stages were started two days ago, will reduce Iraq's import of gasoline by 70%."

Ghanem added, "The completion of the development of the country's refineries, according to the plan set by the Ministry of Oil, will lead to a surplus to be exported abroad after completing the development according to the ten-year plan during the coming years."

]He pointed out, "The launch of trial operations for a new oil refinery in Karbala, and this project, according to specialists, would help oil-rich Iraq significantly reduce its imports of fuel."

Ghanem indicated that "Iraq is on the verge of a large surplus of gasoline due to what the Karbala refinery will produce, and after the completion of the (MCC) units in the Basra refinery for crushing, and the development of the Baiji refinery, and thus the country will be satisfied with gasoline."

He pointed out that "the refining capacity of this refinery is 140,000 barrels per day, and it will contribute during the next few period to cover part of the local need and reduce imports of oil derivatives and fuel."

Ghanem stressed that "the ministry has started the first operational phase, and production is scheduled to start early next year."

Ghanem stated, "The Karbala refinery's production of gasoline will be 9 million liters per day, while Iraq imports 15 million cubic meters."

He stressed, "The Karbala refinery, along with the other refineries that were mentioned, and after the completion of the expansions in the Shuaiba refinery in Basra, will cover the local need of gasoline by (90-100%)%."

Ghanem went on to say that "the cost of Iraq's import of oil derivatives, which exceeds $3 billion annually, will drop significantly."

For his part, oil expert Hamza Al-Jawahiri said, in a statement to Al-Mada, that "this refinery is of very high specifications, which is called (Euro 5)."

Al-Jawahiri added, "The greenhouse gas emissions that are harmful to the environment for these specifications decrease to 30% from the normal level."

He pointed out that the advanced refinery will have a production capacity of 140,000 barrels per day, and will produce oil derivatives such as improved (high-octane) gasoline, diesel (kerosene), white oil, jet fuel and other products such as oils and others.

Al-Jawahiri stressed, "The volume of Iraq's import of gasoline will decrease at a rate of 70%, and 90% of diesel. As for other products, there are basically no problems such as white oil and jet fuel."

He stressed, "If the reconstruction and development of the Baiji refinery is completed, Iraq will have large quantities of surplus gasoline and can therefore be exported abroad."

Al-Jawahiri went on to say, "The project is of very great importance to the economy, and we may be able to pay the costs of the refinery through the amounts that were paid to the imported gasoline within a year or a year and a half."

Oil Minister Ihsan Abdul-Jabbar Ismail announced earlier this week the start of pumping crude oil to the Karbala oil refinery, marking the start of the trial operation of the production units of the Karbala oil refinery.

Ismail said in a statement received by (Al-Mada), that "the refinery's refining capacity is 140,000 barrels per day, explaining that it will contribute during the next few period to cover part of the local need and reduce import," praising the national effort, the coalition of Korean companies and all the parties that supported the project.

For his part, Director General of the Central Refineries Company, Ayed Jaber Omran, who managed the pumping wheel on behalf of the Minister of Oil, explained that “the start of pumping crude oil to the refinery’s production units is an important step to expedite the production and refining operations of the refinery, which will provide millions of liters per day of oil products.”

Iraq still relies on imported gasoline to meet the local need, especially for improved fuel (high octane), where crises occur from time to time at the stations that result in severe overcrowding and scarcity, while the security authorities accuse some weak-minded people of smuggling it between provinces in order to achieve financial profits.   LINK

Oil Prices Are Falling Back In Global Markets

Economie   2022-09-28 | 03:10   672 views    Oil prices fell more than 1% on Wednesday, affected by a stronger US dollar and rising crude inventories that offset support from US production cuts caused by Hurricane Ian.

Brent crude futures were also down 91 cents, or 1.05%, at $85.36 a barrel by 04:41 GMT, while US West Texas Intermediate crude futures were down 85 cents, or 1.08%, at $77.65 a barrel.

The dollar hit a two-decade high against a basket of currencies on the back of rising Treasury yields. A strong dollar is reducing demand for oil by making it more expensive for buyers who use other currencies.

Asian stock markets fell as rising borrowing costs stoked fears of a global recession, spooking investors into the dollar as a safe haven.

US crude oil inventories rose by 4.2 million barrels for the week ending Sept. 23, while gasoline stocks fell by nearly one million barrels, according to market sources on Tuesday, citing figures from the American Petroleum Institute .     LINK

Russia Proposes To OPEC + To Reduce Oil Production.. Iraq Has An Opinion

Shafaq News/ An oil official in Russia said today, Wednesday, that his country will propose to OPEC + during its meeting scheduled for next October 5 to reduce oil production by about one million barrels per day, while Iraq announced the organization's desire to achieve balance in the markets.

The meeting will be held on the fifth of next October against the backdrop of low oil prices and months of severe market volatility, which prompted Saudi Arabia, the other largest producer in OPEC +, to say that the organization may reduce production.

OPEC+, which includes OPEC countries and allies such as Russia, has refused to raise production to lower oil prices despite pressure from major consumers, including the United States, to help the global economy.

However, prices fell sharply this month due to concerns about the global economy and the strengthening of the US dollar after the Federal Reserve raised interest rates.

It is likely that the impact of any OPEC + agreement to cut production will be mitigated by the inability of many members of the group to produce according to the agreed targets.

Iraqi Oil Minister Ihsan Abdul-Jabbar said that OPEC + is monitoring the situation in oil prices, wishing to achieve a balance in the markets.

Earlier this month, JPMorgan said it believed that OPEC+ may need to step in with a cut of up to 1 million barrels per day "to stem the downward momentum in prices and reorganize the seemingly disconnected physical and paper markets".   LINK

Iraqi News Wednesday Afternoon 9-28-22

Iraqi News Wednesday Afternoon 9-28-22

Tlm724 Administrator Bondlady’s Corner

Saleh Congratulates The Renewal Of Confidence In The Speaker Of The House Of Representatives And The Election Of The First Deputy

Political | 04:28 - 09/28/2022   Baghdad - Mawazine News  here, the President of the Republic, Barham Salih, today, Wednesday, Speaker of the House of Representatives, Muhammad al-Halbousi, renewed confidence in him as Speaker of the House of Representatives.

The media office of the President of the Republic stated, in a statement received by Mawazine News / a copy of it, that "the President of the Republic, Barham Salih, congratulated today, Wednesday, Muhammad al-Halbousi on the occasion of renewing confidence in him as Speaker of the House of Representatives, and Mohsen al-Mandalawi on the occasion of his election as the First Deputy Speaker of Parliament, where he expressed sincere Wishing them success and success in carrying out their national and constitutional tasks.

Saleh stressed, according to the statement, "the necessity of unifying the national ranks, uniting everyone, national understanding and giving priority to the interests of the country in order to meet the requirements of the current stage of the country and the expected benefits, and to respond to the aspirations of the Iraqi people for a decent and free life." https://www.mawazin.net/Details.aspx?jimare=206791

Parliament Raises Its Session

Political | 04:49 - 09/28/2022   Baghdad - Mawazine News   The House of Representatives adjourned, today, Wednesday, its session, after renewing confidence in its Speaker, Muhammad al-Halbousi, as Speaker of the Council.

The Media Department of the House of Representatives stated in a statement that Mawazine News received a copy of it, that "the House of Representatives adjourned its session," without referring to the date of the next session.

The session witnessed the vote to renew confidence in Al-Halbousi as Speaker of the House of Representatives and the election of Mohsen Al-Mandalawi as his first deputy.

https://www.mawazin.net/Details.aspx?jimare=206794

Agreement Between The Central Bank And The Securities Commission Regarding The Movement Of Shares

Money and business   Economy News-Baghdad   Today, Wednesday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, received the Chairman of the Securities Commission, Hassan Al-Aqili.

During the meeting, they discussed the financial and economic situation in Iraq, the role of the stock market in facilitating the movement of stocks and bonds, and public awareness of financial markets, and the importance of its role in sustainable development.

The two parties agreed to "encourage stock trading operations, switch to electronic mechanisms and keep pace with the development taking place in this field."

The governor indicated that "the Central Bank of Iraq launched its development initiatives, which exceeded 18 trillion Iraqi dinars, with the aim of stimulating the Iraqi economy and moving its wheel forward," stressing that "the bank's initiatives contributed significantly to providing many job opportunities for different segments and groups in society." .

Views 68   Added 09/28/2022 - 11:23 AM   Update 09/28/2022 - 6:56 PM

https://economy-news.net/content.php?id=29941

The Minister Of Planning Talks About The Faw Port And The Silk Road

Reconstruction and building   Economy News – Baghdad   Today, Wednesday, Planning Minister Khaled Battal confirmed that the Iraqi government has allocated the necessary funds for the establishment of the Faw port.

Battal said in a meeting within the activities of the Rafidain Forum, that the Silk Road passes through countries that own 55 percent of global output and 70 percent of energy production, noting that "Iraq has an opportunity to exploit the Faw port in addition to extending railways, which will be positive."

He added, "The government has allocated to the Faw port the necessary funds to establish 5 berths," noting that "the port should not be only for transporting goods."

He stated that "China has adopted the international road economically, and there are understandings to secure this road."   61 مشاهد views   Added 09/28/2022 - 4:58 PM   Update 09/28/2022 - 6:56 PM

https://economy-news.net/content.php?id=29945

Basra Medium And Heavy Crude Prices Fell For The Second Day In A Row

Energy   Economy News – Baghdad   The prices of the Iraqi Basra Medium and Heavy crudes fell for the second day in a row, today, Wednesday, with the decline in oil prices globally.

Basra Medium crude, exported to Asia, decreased by 527 cents, with a change rate of 0.33%, to reach $81.41 per barrel.  Basra Heavy crude, exported to Asia, fell 27 cents, a change rate of 0.35 percent, to reach $77.41.   37 . views   Added 09/28/2022 - 5:54 PM   Update 09/28/2022 - 7:11 PM

https://economy-news.net/content.php?id=29946

Low Dollar Exchange Rates

Economie| 09:38 - 09/28/2022   Baghdad - Mawazine News, the dollar exchange rates fell, today, Wednesday, on the Iraqi Stock Exchange.

And the selling prices of the dollar were 147,500 dinars per 100 dollars, while the purchase prices of the dollar were 147,400 dinars per 100 dollars. Ended 29 / m 99

https://www.mawazin.net/Details.aspx?jimare=206743

Al-Halbousi Invites The Political Forces To Dialogue In The House Of Representatives

Wednesday 28 September 2022 18:17 | political Number of readings: 130

Baghdad / NINA / - Parliament Speaker Muhammad al-Halbousi affirmed: "Baghdad deserves to write a political document in its name that serves as a comprehensive solution to the crisis in Iraq."

Al-Halbousi said in a statement, “I sincerely invite the leaders of the political forces and the country’s leaders to sit around a dialogue table in the House of Representatives, and we will all be supportive in the legislative authority in the presence of the presidencies, the Supreme Judicial Council and the Federal Court to find a way out for the country and to re-adopt everyone’s responsibilities before the citizens.”

He continued, "This matter will be the responsibility of the Speaker and his deputies, with the support of the ladies and gentlemen of the House of Representatives, to move on all political forces to highlight the role of Baghdad and its people once again, because it needs a serious paper at this time."/ End

https://ninanews.com/Website/News/Details?Key=1003080

The US State Department Condemns The Iranian Bombing Of The Kurdistan Region

Political | 06:01 - 09/28/2022   Baghdad - Mawazine News   The United States condemned, on Wednesday, Iran's use of ballistic missiles and drone attacks on the Kurdistan region of Iraq, describing it as an "unjustified violation of Iraq's sovereignty and territorial integrity."

"Moreover, we further deplore the comments issued by the Iranian government threatening further attacks on Iraq," the State Department said in a statement today.

The bombing led to the death of nine people and the wounding of 32, as announced by the Minister of Health of the Region, Saman Al-Barzanji, during his visit to the victims in a hospital in Erbil.

The Iranian "Revolutionary Guard" had said earlier today that it had fired missiles and drones at militant targets in the Kurdish region in northern Iraq. https://www.mawazin.net/Details.aspx?jimare=206800

To read more current and reliable Iraqi news please visit BondLady’s Corner:

 https://www.bondladyscorner.com/

Some "Wednesday News" Posted by Samson at KTFA 9-28-2022

KTFA:

Samson:  Al-Kazemi: The current security situation is a reflection of the political situation

28th September, 2022

The Prime Minister, Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, directed the security forces to pursue and arrest the perpetrators of the missile bombing of the Green Zone, and stressed the need for the security forces to abide by their duties in protecting state institutions, public and private properties, and peaceful demonstrators.

The Commander-in-Chief of the Armed Forces called on the demonstrators to abide by the peaceful, and the directives of the security forces about the places of demonstration.

His Excellency stressed that the current security situation is a reflection of the political situation. Once again the call for dialogue between all the forces dealing with the political issue;

To get out of the current crisis, support the state and its institutions to carry out their tasks, spare citizens the consequences of political conflicts, maintain security, and reject any prejudice to social peace. His Excellency stressed the need for continued cooperation and coordination between authorities.

Media Office of the Prime Minister
28-September 2022

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Samson:  The Board Of Directors Of The Arab Monetary Fund Intends To Hold Its Two Hundred Fourth Meeting On Thursday, September 29, 2022

27th September, 2022

On Thursday, September 29, 2022, the two hundred fourth periodic meeting of the Board of Executive Directors of the Arab Monetary Fund will be held. The board's agenda includes discussing the developments of the fund's activities during the third quarter of 2022.

The meeting reviews the efforts made by the Fund during the third quarter of 2022, to support Arab countries in facing economic developments on the regional and international arenas, which were reflected in global financial markets, and on the markets for commodities, agricultural products and energy products, within the framework of the means available to it, including lending windows. Providing advice and technical assistance, organizing training courses for Arab human resources, and holding meetings and workshops to exchange Arab, regional and international experiences and expertise, to address the economic and social impacts of these developments, and to enhance chances of success in returning to the usual paths of growth.

In the field of lending, the topics that the council will review include developments in implementing the annual lending plan to provide financial support to member states in its various forms, whether those related to supporting efforts to enhance macroeconomic stability, addressing imbalances in the balance of payments, or lending windows that support the implementation of sectoral reform programs. The issues before the Council also include the progress of implementing the reform programs supported by the resources of the Fund, in preparation for the withdrawal of the remaining payments from the loans contracted to support the programs supported by those loans.  

The agenda also includes a review of the technical support activity provided by the Arab Monetary Fund to its member states, since its previous meeting, through initiatives, meetings, forums, and workshops that were held to follow up on the situation in the Arab countries, provide recommendations, and exchange experiences, to meet the current challenges. In cooperation with a number of regional and international institutions, in addition to the training courses held by the Fund, in addition to briefing the studies, working papers, books, brochures, and reports prepared and issued by the Fund. 

During the meeting, the Board will also review developments in the fund's investment activity related to accepting deposits from central banks and Arab monetary institutions, the performance of investment portfolios, and developments in global financial markets. 

On the other hand, the Council will be presented with the activities of the Arab Monetary Fund within the framework of its assumption of the technical secretariat of the Board of Governors of Arab Central Banks and Monetary Institutions, as well as the Council of Arab Finance Ministers. 

This is in addition to the activities carried out by the Fund within the framework of the “Buna” platform of the Regional Institution for the Clearing and Settlement of Arab Payments, the “Financial Inclusion in the Arab Countries”, “Arab Statistics (Arabstat)” and “Modern Financial Technologies” initiatives. The digital economy”, “structural transformations”, and other initiatives adopted by the Fund in the service of its member states.  LINK

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Samson:  Kurdish official: Article 140 is a solution to all administrative disputes

26th September, 2022

The former Diyala Council member for the Patriotic Union of Kurdistan, Zahid Taher al-Dalawi, considered on Monday Article 140 of the Iraqi constitution, which has been frozen throughout the past government cycles, as solutions to the revenues of regions and administrative units in all Iraqi governorates, limited to Kurds only.

Al-Dalawi told Shafaq News Agency, "Article 140 does not concern the disputed areas between the region and the federal government only, but also includes other regions in the western and southern countries," noting that "the origin and content of Article 140 is to return each region, sub-district or district to an annex in a governorate. others to their original administrative and geographical ownership.

He pointed out that "the problems with Article 140 exist in areas between Nineveh and Salah al-Din, Anbar and Karbala, Najaf and Karbala, Diyala and Kirkuk, Salah al-Din and Diyala."

Al-Dalawi added, "The step (Kurdistan's referendum on September 25, 2017) is a message for self-determination and an end to accumulated problems that have not yet seen solutions, despite it being included in the Iraqi constitution voted on by the people."

The Kurdish official promised the implementation and implementation of the constitutional provisions, "a guarantee of ending all disputes between the region and the federal government."

The former Iraqi regime, which was toppled in 2003 by international forces led by America, had made demographic changes in areas inhabited by a national mixture in favor of the Arabs at the expense of the Kurds.

The Iraqi constitution provides in Article 140 to remove the effects of previous policies before holding a referendum in those areas to determine their administrative subordination to the Kurdistan Region or the Federal Government.  LINK

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Samson:  An economist expects the possibility of an increase in oil prices

28th September, 2022

Economist Safwan Qusai suggested an increase in global oil prices in the coming months, especially with the exacerbation of the derivatives crisis in Europe, pointing out that the increase in prices is used to determine the price of a barrel of oil in the budget.

Qusay told Al-Maalouma, "There is a need for oil derivatives in Europe, especially in the next few months, as this may reach oil prices of 130 dollars a barrel, especially if the United States, China, Japan and Europe raise the consumption rate from their stores."

He added, "The increase in prices will lead to an increase in the price of a barrel of oil in the budget for the next year, as setting the price of $90 a barrel may be appropriate for the budget according to the increase in prices."

And Qusay, that "the industrial countries will be the first to be affected by the shortage of gas, including Germany, which is considered the third in the world at the level of industries, which prompts the resort to oil derivatives to operate the stations and generate electricity."  LINK

The Federal Court renews its position on the dissolution of Parliament and the resignation of the Sadrist bloc's deputies and sets a condition for holding the elections

27th September, 2022

The President of the Federal Supreme Court, Jassim Muhammad Abboud, affirmed that the Iraqi constitution is the product of the will of the people and expresses their interest

Abboud added in an interview with the Iraqi News Agency (INA), that "all federal authorities must work according to the constitution in order to put the people's interest in their calculations when doing any work, indicating that the Federal Court under Article 93 of the Constitution exercises its powers, starting with the oversight of the constitutionality of laws." Interpretation of the texts in addition to the aforementioned competencies

Maintaining the Constitution and dissolving Parliament

He added that "the purpose of the Federal Court is to preserve the constitution and prevent abuse of powers," stressing that "no proposals were submitted by us related to granting the Federal Court broader power

.  He added that "the problem that Iraq is going through is not in the constitution nor in the competencies of the Federal Court, but rather the problem in applying the constitution and mishandling it," noting that "the dissolution of the Federal Court or the replacement of its members or how to refer members to retirement is done through the constitution, and that the Federal Court is a body The judiciary is financially and administratively independent and exercises its powers in accordance with what is stated in the constitution

He explained that "the Federal Court is the watchdog over all authorities so that they do not go beyond the constitution and it is not within its jurisdiction to dissolve parliament, and that the constitution charts the ways and the parties that have the right to dissolve it

Sadrist bloc MPs resign

He pointed out that "the issue of the return of the resigned deputy, the President of the Federal Court cannot give his opinion in this regard, because it becomes a subject of discussion among all members of the court, and therefore it must be examined in a constitutional light," noting that "there are several lawsuits filed regarding the resignation of the Sadrist bloc's deputies, some of which were rejected. Because the method of its establishment is incorrect, while other lawsuits are still being filed, they will be considered in their time

He stressed that "the lawsuit filed to challenge the resignation of the Sadrist bloc's deputies was not filed by the stakeholders (the Sadrist movement), but was filed by parties that have no legal relationship with this issue," noting that each lawsuit has its own circumstances, but the interest of the Iraqi people is above all

Election law

He added, "The Federal Supreme Court has ruled that a section of the election law is unconstitutional, and Parliament must legislate legal articles within the law to replace these articles, and no elections can be held unless the election law is completely completed, including the articles that were canceled

And he indicated that “the election of the president of the republic according to what was stated in Article 70 is clear and cannot be bypassed, and that the court applies the constitution according to the supreme interest of the people,” noting: “In constitutional jurisprudence there is the issue of reversal, and this is possible for constitutional courts to change some of their opinions regarding legal principles, It is not about judgments issued by the Federal Court

He noted that "if the Federal Court considers that it is in the people's interest to abandon its views, it will change its consideration in a manner that does not violate the constitution. He continued, "The deputy does not represent himself, but rather represents all the people, and Parliament must work for the people's interest, especially the legislation of the budget law," noting that "the failure to complete the federal authorities, including the executive authority, was not completed due to the failure to elect the President of the Republic, and that the constitution created the authorities for the benefit of the people and not for their interest

Budget Law

He pointed out that "members of parliament are not only their tasks to stay in parliament, but rather they have to work for the interest of Iraq," noting that the current government is a caretaker government and it cannot send the budget law, and the legislative authority must overcome differences and work for the people. Noting that "the Federal Court was not presented to it regarding the budget law in the caretaker government. However, he said: "The budget law can only be sent to Parliament by a permanent government," pointing out that Iraq now suffers from two big things, the first of which are political differences, and the second is corruption, and it is not Iraq's problem in the constitution

Political blockage

And he indicated that "the main reason for the political blockage in Iraq is the political differences," noting that "corruption hinders the building of the state, and it is now of two types: corruption of great importance, and the other of less importance, and that the Iraqi citizen has lost his confidence in the public job, because public money is sacred and must be protected

He explained that "the oversight bodies represented by the Financial Supervision Bureau and the Integrity Commission have not yet put an end to corruption in Iraq, and the state cannot be built as long as there is an absence of social justice, and there is no real intention to end corruption. He explained that "the caretaker government as a whole by virtue of the resignation, and it is not entitled to dismiss ministers or appoint higher ranks, and there is a lawsuit filed regarding the resignation of Finance Minister Ali Allawi, and a date has been set for it to consider it

Oil file

And he indicated that "oil and gas are the property of the people, and they must be disposed of by the people, not a specific authority, and that the Federal Court said its words regarding oil and gas in the Kurdistan region, and the implementation of this decision rests with the competent authorities according to the interest of Iraq and not to sacrifice its interest

And he indicated that "the establishment of the National Oil Company and the assignment of Minister Ihsan Abdul-Jabbar is illegal, and the Federal Court had previously appealed to it before a previous decision of the company's law and canceled many articles, which are essential articles, and thus it is not possible to proceed with the formation of the National Oil Company by canceling these articles unless the articles of legislation are legislated. Others replace the canceled articles by the House of Representatives  LINK

Tuesday Evening Iraq Parliament News Highlights 9-27-22

Tuesday Evening Iraq Parliament News Highlights 9-27-22

Al-Sudani Reveals The Priorities Of His Government “If It Is Formed

Posted On2022-09-27 By Sotaliraq   While fears of escalation are still inherent in the Iraqi political crisis, and increase with the imminent announcement of the results of the negotiations to unfreeze Parliament and its return to work, which puts the political forces in front of the need to form a government in accordance with the direction of the coordination framework (which includes all Shiite forces except for the Sadrist movement),

the “framework” candidate announced To head the new Iraqi government, Muhammad Shia Al-Sudani, today, Sunday, expressed his vision for the next stage, noting that the files of electricity, health, municipal services and combating corruption will be among the priorities of his government if it is formed.

This came during Al-Sudani’s meeting with a group of political analysts, writers and journalists, according to a statement issued by his office, where he said that “the files of electricity, health, municipal services and fighting corruption will be the priority of our work as a government.”

Noting that he will be responsible for holding the minister accountable and replacing the minister in case he fails or commits corruption.

The personality of the framework candidate for prime minister, Muhammad Shiaa Al-Sudani, is re-emerging as one of the most prominent current obstacles, in light of the continuation of the two sides of the crisis (the framework and the current) on their positions.

He explained that "all the names circulated for the ministerial cabinet or the appointment of an office manager are untrue and baseless," stressing that "the goal of our plans and work as a government will be to stop the negative repercussions of the economic and service situation, fight corruption, and reduce unemployment and poverty."

Al-Sudani pledged during the meeting that he would “restore the citizen’s confidence in the state and its institutions through serious and transparent work, away from intimidation and counterfeiting,” stressing that “his government program contained several files and included 23 axes, but the axes (health, electricity, municipal services, anti-corruption) will have priority. “.

And the framework candidate indicated that these axes “fall within the framework of addressing the consequences of the difficult living and service conditions experienced by most citizens as a result of the rise in the price of the dollar and the economic downturn that has caused its negative impact, as well as the files of reviving agriculture and industry and addressing unemployment, in parallel with the political files.”

He stressed, "It has short, medium and long-term plans that will work to secure services, improve living conditions and create job opportunities for graduates and youth, by supporting the private sector and activating economic sectors such as industry, agriculture, tourism, state control of imports, and strengthening and identifying aspects of fruitful spending, which will lead to It creates hundreds of thousands of job opportunities,” revealing that “it has been agreed with the leaders of the blocs that he will be responsible for holding the minister accountable if he fails and to replace him if necessary.”

Observers of the Iraqi political affairs rule out that Al-Sudani assumed the task of forming the government, justifying this by the large number of current political divisions, and the inability of the framework to gather the votes necessary to pass his candidate due to his differences with the Kurdish and Sunni houses.

Thus, the return of the crisis to the street is a forthcoming matter in their opinion, stressing that its return will not be as peaceful as the previous protests witnessed, suggesting the Sadrist movement’s participation in commemorating the third anniversary of the start of the October protests early next month, in a way that may lead to the end of the political system.    LINK

Analyst: Political Forces Refuse To Elect A Deputy Speaker Of Parliament.. For These Reasons

Posted On2022-09-27 By Sotaliraq    Political analyst Issam Al-Faili confirmed, on Monday, that the issue of holding a parliament session in order to elect the first deputy speaker of parliament depends on the nature of the coordination framework’s movements and agreements with other political forces, and this issue is still excluded

Al-Faili explained: “Political forces within parliament refuse to pass the election of the first deputy speaker of parliament for two main reasons, as the first reason is their view that this step will complicate the crisis in a greater proportion if no agreement is reached with the leader of the Sadrist movement, Muqtada al-Sadr, on it.”

The second is that those forces believe that the election of the deputy speaker of parliament means that the coordinating framework will be able to hold parliament sessions without the presence of Parliament Speaker Muhammad al-Halbousi or his deputy, Shakhwan Abdullah, and this issue has many future accounts.   LINK

The Law Comments On Al-Halbousi’s Resignation: A Maneuver To Restore Confidence

Posted On2022-09-27 By Sotaliraq    Baghdad …Today, Monday, the leader of the State of Law coalition, Saad Al-Mutalibi, commented on the decision to resign from the presidency of the House of Representatives, Muhammad Al-Halbousi.

Al-Mutalibi said in a statement, "The decision to resign by Parliament Speaker Muhammad al-Halbousi is a maneuver and an attempt to renew confidence and support again by members of the House of Representatives."

He added, "The purpose of the resignation is for the purpose of presenting it to the members of the House of Representatives to reject it and renew confidence in him as Speaker of Parliament, and then choose a deputy for him and ensure the conduct of matters during next Wednesday's session."

Al-Muttalibi indicated that "Al-Halbousi took the decision to submit his resignation after feeling a lot of changes and exchanging political positions during the current period."

Today, Monday, the House of Representatives set the date and agenda for its session, while the agenda included voting on the resignation of Parliament Speaker Muhammad al-Halbousi from his position, and electing the first deputy speaker of the House of Representatives.

Earlier today, Monday, Parliament Speaker Muhammad Al-Halbousi confirmed that he had not discussed his resignation decision with the leaders of the political blocs.   LINK

Iraqis Participated In An International Poll: Our Country Is Devoid Of Democracy

Translation: Hamed Ahmed   Iraqis who participated in an international poll affirmed that the country is devoid of democracy, calling for the continuation of the international community's oversight to prevent the emergence of new dictatorships, pointing out that there are major problems, the most important of which is quotas.

A report by the (The National News) news website, translated by Al-Mada, stated that "few regions in the world share their countries with one identity, religion and language, as is the case in the Middle East and North Africa, while differing in their views, ideas and worldview."

And he spoke about a survey on Arab youth's views of the democratic system that included 3,400 young people from 17 countries and 50 cities in the region, that 65% of Arab youth believe that democracy is not compatible with the region and their countries.

He pointed out that “an independent poll conducted by the news website for the opinions of young people in Iraq and other Arab countries, including Egypt and Tunisia, confirmed that 75% of the youth of the Middle East countries do not believe that democracy is compatible with the nature of their countries, while 62% of the youth of North African countries have the same opinion. “.

An Iraqi young man from Mosul, Yasser Ahmed, 23, says that “the term democracy is only found in the media, but there is none of it on the ground.”

The report confirmed, “Ahmed, who works in the delivery services network project in Mosul, was only 4 years old when the American invasion of Iraq took place and toppled the previous dictatorial regime that ruled Iraq for decades. Instead of that system, the United States introduced a democratic system to the country, but after 20 years of that time, the Iraqis say they are deluded by this system.

Ahmed added, "Since it entered us, democracy has overshadowed other problems in the country, most notably the quota system."

Ahmed pointed out that "the system of government prevailing in Iraq since 2003, according to which positions are distributed between political parties and blocs based on sect, race and religion without taking into account the results of the elections."

The report indicated that "since 2003, Iraq has held five national elections for a full government session, and after each election period, the parties take several months in an attempt to reach a consensus government that represents all parties."

The report stressed, "It has been almost a year since Iraq held the last early elections, and a new government has not been formed," explaining that "competitions between parties have hindered the formation of the new government."

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Ahmed returns to believe in "the possibility of implementing democracy in Iraq, but that takes time," expressing his hope that "the future generations of Iraqis may achieve this and find a new path in the political process."

For his part, a 20-year-old law student, Mohamed Naji, said, “Middle Eastern democracies need continuous support from the international community to be able to survive and be implemented.”

Naji added, "As long as democracy is new to the region, it needs constant supervision by the international community so that it does not pave the way for a new authoritarian regime."

Naji pointed out that "the United States created in Iraq a space for freedom in the country that allowed the introduction of a nascent democracy that took root in it, but it turned its back, leaving the political competitors with the opportunity to create a democracy that suits their own interests."[/size]

For her part, Farida Magdy, a journalism student at the American University in Cairo, emphasized that “successful democracy does not exist anywhere in the world.”

Magdy, 24, added that "efforts to activate democracy have failed in Syria, Lebanon, Egypt, Iraq and Libya, and they are not suitable for the Middle East."

Magdy spoke about "rampant sectarian policies in the Middle East, violations of human rights in many places in the region, as well as government corruption and neglect of the needs of the people," and asked, "How can anything close to democracy grow?" Nassif, a 28-year-old Tunisian computer engineer, pointed out the impossibility of "achieving democracy in the Arab world because of the divisions and rivalries caused by the powerful forces in the region."

Nassif believes that "there are sectarian, religious and intellectual divisions resulting from influential parties, and democracy cannot succeed in this atmosphere." And the Iraqi Yasser Ahmed returns to saying, "The losers are always the innocent people of the country, not the governments."                                  

About the national news site   LINK

"Tidbits From TNT" Wednesday Morning 9-28-2022

TNT:

Tishwash:  The Governor of the Central Bank of Iraq receives the Chairman of the Securities Commission

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhaif, received today, Wednesday, His Excellency the Chairman of the Securities Commission, Mr. Hassan Al-Aqili.
 
During the meeting, they discussed the financial and economic situation in Iraq, the role of the stock market in facilitating the movement of stocks and bonds, and public awareness of financial markets, and the importance of its role in sustainable development.

The two parties agreed to encourage stock trading operations, switch to electronic mechanisms and keep pace with the development taking place in this field. 

His Excellency the Governor indicated that the Central Bank of Iraq launched its development initiatives, which exceeded 18 trillion Iraqi dinars, with the aim of stimulating the Iraqi economy and moving its wheel forward, stressing that the initiatives of the Bank contributed significantly to providing many job opportunities for different segments and groups in society.

Central Bank of Iraq
Media Office
28 - September - 2022

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Doc: Articles indicate Sadar pushed it until mid-Oct for Framework to do its thing. Sadar has been delaying 30 days, 15 more days, etc for months. So, is Sadar the holdup? or id Maliki really controlling Sadar ? Do we see anything that will get this off the dime?

Annie68:  Maliki is and always has been Iraq's problems!

CharlieOK:  Nope. Don't agree. Iran pulls Maliki's strings. He is merely a puppet. When they are through with him, he is toast.

CharlieOK:  Just listened to a news source saying that Iran has attacked Kurds in NW Iraq. This happened at the same time all the unrest is going on in Iran. Again we see that it is not Maliki that is the main culprit or problems in Iraq - it is IRAN. Iraq is going to have to decide to be a sovereign country.

RVAlready: It seems that the problem in Iraq has too many variables, hence, no solution in a year. I’m pretty sure the UN has a pretty good idea on an reasonable. Thus, I think we are just waiting on the UN to come in next week an impose the solution. We are just wasting time between now and then. … on a reasonable solution …

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Tishwash:  Movement to include the vote on the President of the Republic in the upcoming parliamentary session

A source in the coordinating framework revealed a political movement to include the paragraph of the election of the President of the Republic in the agenda of the parliament session, today, Wednesday, dedicated to voting on the resignation of Parliament Speaker Muhammad al-Halbousi, and choosing a deputy for him. 

The source told Shafaq News Agency, that there is a movement among the political forces with the aim of including the paragraph of electing the President of the Republic on the agenda of today's session of the House of Representatives.

He added, that according to this move and what was agreed upon in principle, the resignation of Parliament Speaker Muhammad al-Halbousi will be rejected and the candidate for the position of the first deputy speaker of parliament will be elected, and then the paragraph of electing the President of the Republic will be included.

After the election of the president, and according to the prepared scenario, the source says, today's session will also assign Muhammad Shiaa al-Sudani to form a government.

Earlier, 11 independent deputies in the Iraqi parliament announced that they would not attend the council session scheduled for today, hours after a similar decision taken by deputies of the extension movement.  link

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Tishwash:  Iran protests: burning of banks... and the arrest of Faezeh Hashemi... and live bullets to confront the demonstrators

While protests have continued in various Iranian cities since the killing of the young woman, Mahsa Amini, at the hands of the police, international reactions have escalated towards the Iranian regime's repression against demonstrators, amid Western warnings and demands to impose new sanctions against the Tehran regime.

The capital, Tehran, witnessed demonstrations, on the evening of Tuesday, September 27, as demonstrators in the Haft Houd neighborhood chanted “Death to the dictator,” while demonstrators in the streets of Sanandaj, western Iran, blocked roads and burned government banners.

The people of Chabahar also protested against the police chief's rape of a 15-year-old girl, and the killing of Mahsa Amini, where the police fired live bullets at the demonstrators.

As protests continued in various parts of Iran, violent security repression continued to confront them. In a video clip circulated by activists from the city of Khafajia, Iranian security appeared to confront the protesters in the "Abu Dhar" neighborhood with live bullets to prevent them from gathering and in solidarity with the public protests.

It is noteworthy that the "Abu Dhar" neighborhood has witnessed in the past years violent confrontations between security and protesters against the Iranian regime.

The arrest of Faezeh Hashemi and the burning of government banks

According to information received by Iran International, Faezeh Hashemi, a political activist and daughter of former Iranian President Akbar Hashemi Rafsanjani, was arrested in Tehran.

Hashemi Rafsanjani had criticized the Iranian regime in an unprecedented way and called for its overthrow during lectures she gave on the Club House application, which called on some hardliners in the regime to arrest her.

Meanwhile, protesters in the southeastern city of Chabahar set fire to two government banks in protest against the rape of a 15-year-old girl by a police chief and the killing of Mahsa Amini.

Iranian security forces fired live bullets and used tear gas to disperse the demonstrators.

 Confrontations with the security forces and burning of pictures of Supreme Leader Khamenei

According to the reports received, the protests in the city of Khafajia / Susankard, Khuzestan province, southwest of Iran, are expanding and entering new neighborhoods of the city. Video clips also showed clashes between security forces and protesters, as a result of which one of the demonstrators was wounded.

A video clip obtained by "Iran International" showed a group of Iranian security forces collectively attacking a woman in Shiraz, southern Iran, and beating her with sticks and batons.

A video sent to "Iran International" from the city of Shiraz also shows a protester setting fire to a banner with the image of the Iranian leader, Ali Khamenei, in front of the Intelligence Department building in Fars Province, central Iran.

Student protests continue

Student protests also continued, as students of Chamran University in Ahvas, southwestern Iran, organized a march on Tuesday inside the university campus in support of the protests that took place in the country, chanting: "We are not rioters, we are protesting."

After protests and strikes by university students across Iran, a number of university professors joined the protesting students.

A number of university professors submitted their resignations in support of the popular protests and rejection of the crackdown on protesters, while others announced that they would stop teaching in support of the nationwide student strike. are silent."

Escalation against the Kurds

For its part, the Iranian Revolutionary Guard escalated its retaliatory attacks on the Kurdish areas in conjunction with the widespread protests in Iran.

Today, Tuesday, September 27, the Revolutionary Guards carried out attacks on the positions of the Kurdish PJAK forces in the Shoman region, on the border line between Iraq and Iran.
While the commander of the Ashura Corps of the Iranian Revolutionary Guard, Asghar Abbas Qolizadeh, considered the protests in Iran as "engineered from abroad," and said: "The source of all calamities is the lack of obedience to the Wali al-Faqih."

International warnings and the threat of new sanctions

In terms of international reactions, Amnesty International issued a statement calling for immediate international action to ensure accountability for Mahsa Amini's death in detention, and wrote that the investigation must be independent, impartial and effective, and that the suspects must be brought to justice in a fair judicial process.

The spokesperson for the United Nations High Commissioner for Human Rights also expressed concern about the suppression of protests in Iran, and the imposition of restrictions on the Internet and social media by the Tehran regime.

Meanwhile, German Foreign Minister Annalina Birbock called for new sanctions to be imposed on Tehran.
"In the European Union circle, we now have to talk very quickly about the following consequences, which, for me, include sanctions against officials of the [Islamic Republic]," Barbock told dpa today, Tuesday, September 27, in Berlin.

These statements came at a time when Germany summoned the Iranian regime's ambassador in Berlin, on Monday, to protest against the suppression of protesters in Iran.

For his part, US State Department spokesman Ned Price warned that Washington will investigate all those involved in the killing and suppression of protesters in Iran, stressing that more sanctions are awaiting the Iranian regime.

In an interview with Rudaw news channel, Ned Price said that there is no doubt about the evidence of Mahsa Amini's death after her arrest by the Guidance Patrol.

Democratic Senator **** Durbin wrote in a tweet that the Iranian regime, like the regimes of Russia and Cuba, uses criminal groups to suppress internal protests.

US Democratic Senator Ben Cardin strongly condemned the Iranian security killing of Mahsa Amini, and said: "We stand with the brave Iranian women who are protesting against the Iranian regime. Tehran must end the systematic torture of women and allow freedom of expression."

"While Iranian protesters are suppressing Iranian security, the Biden administration continues to work to revive the flawed nuclear deal, which will help Iran get billions of dollars," said Representative Brian Steele.   link

Mot:  ... Heres sumthun to make Ya Go -- Hmmmmmmmmm!!

Mot: ... Found in Me Fortune Cookie Today! - Does It MEAN?????

Tuesday Evening Iraq Economic News Highlights 9-27-22

Tuesday Evening Iraq Economic News Highlights 9-27-22

$18B Deposited In Lebanese Banks By Iraqi Politicians, Gov’t Agencies Has ‘Evaporated’

Hudhaifa Ebrahim   09/26/2022  The funds mostly come from corrupt politicians and those seeking to avoid US sanctions - An informed source in Banque du Liban, Lebanon’s central bank, told The Media Line that more than $18 billion belonging to Iraqi politicians, the Iraqi government, and the Kurdistan Regional Government of Iraq have “evaporated” due to the banking crisis in Lebanon.

The source, who declined to be named, said, “This is what can be counted, and is officially registered in the names of Iraqi personalities, companies, or government agencies. There are many personalities whose balances are registered under other names and with other nationalities.”

He explained, “The numbers are much higher. There are politicians who are afraid of sanctions, so they have opened bank accounts in the names of Lebanese personalities who follow the same trend, and they are often followers of [Hizbullah and Amal movement], loyal to Iran, or even Sunni personalities.”

The source also said that, so far, the Iraqis have not asked to withdraw their funds, and that if they did, Lebanon’s central bank would not be able to honor the request because it does not have sufficient liquidity, and “until liquidity is available, these funds remain just numbers in the banks.”

He said that more than $1.3 billion belongs to the Iraqi government and more than $650 million belongs to the Kurdistan regional government. “As for the rest of the sums, they belong to political figures, businessmen, and others who hold Iraqi citizenship, and their money has been deposited in Lebanese banks in their names and nationalities. As for those who hold other nationalities, such as European, Iranian, Asian, or American nationalities, we will not be able to count them.”

The value of the Lebanese currency against the dollar was stable for more than a quarter of a century, at around 1,515 Lebanese pounds to the dollar. From 2019, it gradually deteriorated, affected by a severe economic crisis afflicting the country, and is now 39,000 Lebanese pounds to the dollar on the parallel market, though the official rate remains 1,517 Lebanese pounds to the dollar.

Political corruption in Iraq contributed to the flight of funds abroad; Iraqi politicians who obtained funds illegally regularly deposited them in foreign banks. However, since the end of 2017, when the US government under former President Donald Trump began imposing sanctions on some of the politicians, depositing the money abroad became difficult, except in countries that did not implement US sanctions.

Abdul Rahman al-Mashhadani, an Iraqi economic analyst, told The Media Line, “This money can be recovered if the government requests it, but the money of Iraqi politicians cannot be demanded.”

He added that Lebanon could not pay the money now, but an agreement could be reached on recovering the money in installments.

“Lebanon is one of the most popular countries for Iraqis to deposit their money in, because the government there is loyal to Hizbullah, which in turn is loyal to Iran, and this is in agreement with the orientation of many Iraqi politicians,” he said. In Lebanon, due to the influence of Hizbullah, US sanctions on pro-Iranian figures and parties can be circumvented “so they can deposit their money there without fear.”

He continued: “What happened to the Lebanese banks plunged some Iraqi politicians into a financial crisis, but frankly, it is a small part of what the corrupt politicians own; their assets greatly exceed these sums.”

Al-Mashhadani explained that Sunni Iraqi politicians could easily deposit their money in European and Turkish banks. But Shiite Iraqi politicians could only use banks in Iran, Syria, and Lebanon. And since economic situations in Iran and Syria were so precarious, Lebanese banks were the preferred solution before the economic collapse in that country.Mazhar Muhammad Salih, an adviser to the Iraqi prime minister, said in statements to the Iraqi media that “politicians who have money in Lebanese banks should forget it.”

“They should forget it, it will not come back,” he told journalists while declining to answer questions about the Iraqi government’s money.

Nabil Jaafar Al-Marsoumi, an economics professor at the University of Basrah, told The Media Line, “The numbers regarding Iraqi deposits in Lebanon’s banks are not accurate; the amounts are much larger.”

“These funds belong to companies, some of which are registered in countries where tax evasion is possible,” he added.

“Most of the money [deposited] in Lebanon is the result of corrupt operations that took place in Iraq. Lebanese banks have been facilitating deposit and transfer operations for Iraqis in the past years, and they have been a center [for financial corruption] for these officials,” Al-Marsoumi said.

Ahmed A., a former employee of the Iraqi Embassy in Lebanon who spoke on condition that his full name not be used, told The Media Line, “In my work, I witnessed the transfer of many Iraqi funds to Lebanon.”

“The sums were in the billions, and they were not withdrawn,” he said. “The Lebanese banks were paying more than 5% interest, which prompted Iraqi politicians to deposit their money in Lebanese banks, and now they cannot withdraw it.”

He continued: “Specialized companies carried out this task. These companies were tacitly affiliated with Hizbullah. They supervised the transfers of funds and managed the bank accounts of Iraqi politicians in Lebanon.”

He stressed that Lebanon was chosen to handle these funds due to Hizbullah’s control of the banks and said that some funds go to Iran as a form of support.

“The politicians have billions of dollars in funds, some of which are the result of corrupt deals by foreign companies, which transfer these funds directly to the accounts of Iraqis in Lebanon,” he said. The former embassy employee added that he had “no idea” about the Iraqi government’s money in Lebanon.

https://themedialine.org/top-stories/18b-deposited-in-lebanese-banks-by-iraqi-politicians-govt-agencies-has-evaporated/

Minister Of Oil: My Occupation For A Number Of Positions Is A Government Assignment

Political | 10:05 - 09/26/2022   Baghdad - Mawazine News, considered the Minister of Oil and Minister of Finance of Ihsan Abdul-Jabbar Agency, on Monday, that his holding of a number of positions is a government assignment.

Abdul-Jabbar said, "I was assigned the duties of the Ministry of Finance after the resignation of Ali Allawi, and I cannot apologize."

He added, "38 lawsuits have been filed against me by the Basra Oil Company because of people whose interests were damaged," noting that "all the cases brought against me were closed by the judiciary."

He pointed out that "there is a large sum of money seized in the Ministry of Finance," stressing that "Iraq owes Shell about 210 million dollars."

He explained, "The allegations about the Shell Oil Company are practices aimed at expelling investment," noting that "the news of my seizure of a plot of land in Al-Daoudi is false and untrue."

He continued, "The Federal Court's decision challenged the legal effect of the position of the head of the National Oil Company," noting that "the decision to dissolve the National Oil Company shook the legal environment for the oil industry."

He stressed that "the decision of the Federal Court regarding the oil and gas law in the region is very fair," adding, "We asked to study the oil contracts, but the administration of the region hesitates to do so."

He pointed out that "there are big differences in the contracts and quantities of extraction in the region's oil fields," stressing that "if we win the cases brought against Turkey in international courts, we will be compensated with up to 30 billion dollars."

He pointed out that "the Integrity Commission has begun conducting investigations with the money that was withdrawn from the Rafidain Bank," explaining that "everything that the former minister said in his resignation letter applies to the tax departments."

And he indicated, "The start of pumping oil to the Karbala refinery is a great achievement that counts for the current government," stressing, "I was able to salvage the Basra Gas Company and turn it from a loser to a profitable one." Ended 29 / p. 87   https://www.mawazin.net/Details.aspx?jimare=206623

It Achieves 5 Times The Price... Is Oil Trying To Benefit From Exporting Liquefied Gas Abroad Instead Of Selling It To Cars By Raising Its Price?

2022-09-27   Yes Iraq: Baghdad  The Ministry of Oil seems to be greatly interested in the process of exporting liquefied gas, “cooking gas”, which is the same used in cars. With this growing interest, a question comes to mind regarding the ministry’s raising the price of a liter of gas sold for cars that run on gas in Iraq. The ministry plans to achieve greater benefit from exporting gas instead of selling it at a subsidized price to citizens.

Deputy Managing Director, Director of the Higher Production Authority of Basra Gas Company, Marfa Al-Asadi, said that “the company continues to work in the production of liquefied gas used in cooking to meet the country’s need,” noting that “the current production covers 80% of the local need, in addition to exporting the surplus.” 6 years ago, through the company’s Umm Qasr port.”

He added, "The company is seeking to update its plans to export liquefied gas abroad, as it has worked to develop its facilities and export semi-cooled gas (4 degrees Celsius), which contributed to the possibility of loading the product into ships with larger capacities that almost double the previously exported quantity. It reaches 10,000 tons, which allows our product to reach farther markets and to have more tankers used for this material, after relying on exporting gas in small vessels with capacities ranging from 3,500 to 5,500 tons, depending on the type of ship. “.

Iraq produces more than 2.2 million tons annually, and according to statements that 80% of production covers the local need, this means that about 440,000 tons are exported annually, while 144,000 tons were exported in 2017, which is the beginning of Iraq's transformation into a source of liquefied gas.

The price of a ton of gas is approximately $740 ($0.74 per liter), which is more than a thousand dinars per liter, a price equivalent to 5 times the price at which the ministry sells a liter to cars in Iraq at 200 dinars per liter, before the ministry decided to raise the price to 300 dinars per liter, and perhaps the ministry’s move aims to reduce its losses and reduce the number of cars that go to gas, thus benefiting as much as possible from gas to be exported abroad instead of selling it at a subsidized price inside Iraq.

And by exporting more than 400,000 tons annually, this means that it brings to Iraq money estimated at 300 million dollars annually, while selling this amount of cars inside Iraq at the subsidized price will bring only 54 million dollars.   LINK

Culture: UNESCO Did Not Make Us Aware Of A Threat To The Marshes

Political | 08:16 - 09/26/2022   Baghdad - Mawazine News   The Ministry of Culture confirmed today, Monday, that the marshes are still on the World Heritage List, noting that there is no threat to remove them from the list.

The spokesman for the ministry, Ahmed Al-Alawi, told the Iraqi News Agency (INA), that "the file of the marshes, after being registered in the World Heritage List as one of the heritage landmarks, has a cultural aspect and an environmental aspect for which the Ministry of Environment is responsible," noting that "this aspect is concerned with following up the arrival of water to this area".

He added, "The Ministry of Culture is concerned with the cultural aspect and the maintenance of this heritage aspect," noting that "the issue of water is linked to the Ministry of Environment and coordination with neighboring countries that have a water connection with this region."

He stressed that "UNESCO has not officially notified us until today that there is a threat to remove the marshes from the World Heritage List," noting that "removing any facility from the World Heritage List requires scientific reports from UNESCO and close follow-up."

He stated that "there is a set of standards and controls that require the inclusion or removal of an annex from the World Heritage List," explaining that "the reports that exist today do not refer to removing the marshes from the World Heritage List with this water scarcity, which is considered global after countries were damaged and their rivers dried up." .

Al-Alawi indicated that "the marshes are still on the list and there is no danger at the official level," noting that "we aspire to increase the water level in the marshes soon." Ended 29 / h

https://www.mawazin.net/Details.aspx?jimare=206612

Kurdistan Sets A New Condition For Investment In The Region

Economie| 07:35 - 09/26/2022   Kurdistan - Mawazine News   A spokesman for the Kurdistan Democratic Party bloc in the parliament of the region, Peshwa Hawrani, announced on Monday that the head of the regional government decided not to grant any leave to investment projects in which the proportion of local labor is less than 75%.

Hawrmani wrote on his Facebook page, a post followed by Mawazine News, that in order to support young people and provide them with job opportunities, the Prime Minister of the Regional Government, Masrour Barzani, ordered not to grant any investment project a work permit if the percentage of local labor in it was less than 75%.

He added that the Kurdistan government had paid during the past six months the amount of 628 million dollars of debts to companies that had loaned the government money to pay the salaries of employees in the region. Ended 29/R77    https://www.mawazin.net/Details.aspx?jimare=206602

Industry: We Have The Second World Reserve Of Phosphates..But We Import Them From Abroad

09.27.2022 - 13:56  Baghdad - people   Today, Tuesday, the Ministry of Industry and Minerals explained the reason for not exporting minerals outside Iraq.  

  "Nas" channel on Telegram.. our latest updates

  Director of the Mineral Investment Department at the Geological Survey of the Ministry of Industry, Ahmed Tariq, told the official news agency, which was followed by "Nass" (September 27, 2022), that "mineral wealth cannot be exported because it does not achieve economic feasibility, due to transportation operations, and that the Investment Regulation Law Mineral Resources No. 91 of 1988 amended, currently in force, and the draft law submitted since 2008 do not allow the export of raw minerals as mineral wealth,

but rather allow factories for manufacturing industries to be based on them and through which manufactured materials can be exported abroad, similar to countries whose economies have grown on this basis And it manufactures materials from it that double its prices, as it is not like oil.”

  He stressed that "minerals, such as sulfur and phosphate, are based on transformative industries destined for local use, and they cannot be exported, but only invested."  

  He pointed out that "the phosphate fertilizer industry and its factories are currently suspended, and as a result, Iraq imports the material from abroad in hard currency, although Iraq has the second reserve in the world of this raw material."     https://www.nasnews.com/view.php?cat=94628

Tuesday Afternoon Iraq Parliament News Highlights 9-27-22

Tuesday Afternoon Iraq Parliament News Highlights 9-27-22

The Frame Comments On The Resignation Of Al-Halbousi

Political | 11:16 - 09/27/2022   Special - Mawazine News, the leader in the coordination framework, Wael Al-Rikabi, commented, today, Tuesday, on the inclusion of Al-Halbousi's resignation paragraph on the agenda of tomorrow's session.

Al-Rikabi said in an exclusive interview with "Mawazine News", "The insertion of Al-Halbousi's resignation on tomorrow's agenda is based on the fact that the coordination framework, the Patriotic Union of Kurdistan and some independents did not vote to grant confidence to Al-Halbousi in his election session and left it."

And he indicated that "Al-Halbousi needs to give him confidence again, and it is granted through this procedure to gain confidence from all political parties, which call for the formation of the government with this large majority." Ended 29 / M 99  https://www.mawazin.net/Details.aspx?jimare=206652

Al-Zaidi Comments On The Continuation Of The Political Blockage In The Country

Political | 11:45 - 09/26/2022   Baghdad - Mawazine News, the Secretary-General of the Imam Ali Brigades, Shibl al-Zaidi, considered, on Monday, that the leaders of the Shiite parties are fighting among themselves so that no party of them can reach the seat of a government or parliamentary position.

Al-Zaidi said in a tweet on "Twitter", "If they had a political project to build a country, none of them would have given up, because the implementation of projects and partisan visions needs their sons to implement them."

Al-Zaidi added, however, by saying, "But they are not legitimate owners, but rather owners of interests in this country." Ended 29 / p. 87   https://www.mawazin.net/Details.aspx?jimare=206634

Babylon Parliamentary Bloc: We Adhere To Al-Halbousi As Speaker Of Parliament

Political | 11:40 - 09/26/2022   Baghdad - Mawazine News   The Babylon Parliamentary Bloc confirmed, on Monday, that it would not vote on the resignation of Parliament Speaker Muhammad al-Halbousi in the parliament session scheduled to be held next Wednesday.

A statement by the bloc stated, "After a meeting with the Political Bureau, the Babylon Parliamentary Bloc decided, we will not vote to accept the resignation of Parliament Speaker Muhammad al-Halbousi, and we adhere to it."

Some political forces, including the Sovereignty Alliance, announced their refusal to vote on Al-Halbousi's resignation from the presidency of the parliament in the next session, while affirming their adherence to his remaining in the presidency of the legislative authority.

Earlier on Monday, the media department published the agenda of the parliament session for next Wednesday, which included the first two paragraphs regarding voting for the resignation of Parliament Speaker Muhammad al-Halbousi, and the second electing the first deputy speaker of the House of Representatives. Ended 29 / p. 87   https://www.mawazin.net/Details.aspx?jimare=206632

Democrat: We Are Going To Agree With The Union On A Candidate For The Presidency

Political | 09:47 - 09/26/2022  Baghdad - Mawazine News, a representative of the Kurdistan Democratic Party, Majid Shankali, confirmed today, Monday, that the two Kurdish parties are going to agree on a candidate for the presidency.

Shankali said, "The state administration alliance will be announced soon," noting that "the two Kurdish parties are partners in the alliance."

He added, "The two Kurdish parties are going to agree on a candidate for the presidency, although he has not announced any official agreement yet," noting that "when both parties are in one coalition, which is the coalition of state administration to form the next government, this confirms that a mechanism of understanding has been reached." About the presidential election session.

He stated that "the most prominent outstanding issues between Baghdad and Erbil, which must be agreed upon to form a government, are the draft oil and gas law, Article 140, the budget, administrative boundaries, and Peshmerga entitlements, in addition to legal legislation for the Federation Council."

And he indicated that "the cabinet deserves the share of the Shiite component, and they are the ones who choose a candidate for the position with the consensus of the rest of the parties," explaining that "everyone does not care about the person as much as they care about the government program and his vision about building a state."

He stated that "Iraq is one and its citizens enjoy their full rights, whether in Zakho, Erbil, Salah al-Din or Basra." Ended 29 / p. 87   https://www.mawazin.net/Details.aspx?jimare=206621

Coordination Framework: We Are Ready For Early Elections With A New Law And A Government With Full Powers

Political 09:30 - 09/26/2022   Baghdad - Mawazine News   The coordination framework announced, on Monday, its readiness to go to early elections, after amending the electoral law and approving the budget.

A statement to the framework stated, "It held its regular meeting today, Monday, 9/26-2022, and the coordination framework discussed the latest developments in the political situation in Iraq and the benefits of the next stage."

The gathered parties welcomed "the parliament's call to hold a session that would restore life to the constitutional institutions in the country."

He renewed the coordinating framework, according to the statement, "his readiness to go to early elections after completing the introductions of a government with full powers, approving a federal budget, amending the election law and organizing the Independent High Electoral Commission."

During the meeting, the framework called on the Kurdish forces to resolve their candidate for the presidency.

The coordination framework welcomed "the participation of all national forces, especially the Sadrist movement, in the dialogues, the formation of the government and the administration of the state."

He also stressed his keenness to “complete the building of the state with an independent national will, rejecting attempts, pressures, and external interference from any party.” Ended 29 / p. 87

https://www.mawazin.net/Details.aspx?jimare=206619

In A Word, The Minister Of Al-Sadr Clarifies The Truth Of A Tweet Attributed To Him Regarding The Resignation Of Al-Halbousi

Political | 08:23 - 09/26/2022   Baghdad - Mawazine News, Saleh Muhammad al-Iraqi, nicknamed Minister of Sadr, denied a tweet attributed to him regarding the resignation of Parliament Speaker Muhammad al-Halbousi.  Saleh wrote through the tweet, “The forgery.”    https://www.mawazin.net/Details.aspx?jimare=206613

Hammam Hammoudi To A Foreign Delegation: Our Peoples Will Not Settle Unless They Impose Their Will And Build Their National Experience

Political | 07:43 - 09/26/2022   Baghdad - Mawazine News, President of the Islamic Supreme Council, Hammam Hammoudi, received, on Monday, in his office, an Afghan delegation headed by Muhammad Muhaqiq, leader of Hazara nationalism and former Vice President of the Republic.

According to a statement by his office, received by Mawazine News, Hammoudi stressed that Iraq and Afghanistan are similar to what they were exposed to in terms of terrorism, extremism, American occupation, and conspiracies to tear them apart. Everyone cooperates to make it a success in serving the citizens.

He pointed to the importance of religion in uniting peoples and preserving their values, noting what the visit of the fortieth embodied in the spirit of love and fraternity for the people of 80 countries brought together by the path of Hussein, as Iraq will remain the destination of peoples in the face of the oppressors. Ended 29/R77    https://www.mawazin.net/Details.aspx?jimare=206604

A Deputy Reveals The Date Of The Official Announcement Of The State Administration Alliance

Political | 07:30 - 09/26/2022   Special - Mawazine News, MP Sadquon Ali al-Jamali revealed the earliest date for announcing the state administration alliance officially.

Al-Jamali said in a statement that Mawazine News received a copy of it, that "what prevented the official announcement from the presence of some related matters, such as the necessity of agreeing on the distribution of the next government, as well as the management of the stage under exceptional circumstances."

He pointed out, "The announcement will be within the next two days, and officially, indicating that most media offices and leaders have announced their joining the coalition." Ended 29 / h

https://www.mawazin.net/Details.aspx?jimare=206601

Al-Amiri Assures Blackshart And European Ambassadors The Need To End The Political Crisis And Form A Strong Government

Political | 07:05 - 09/26/2022    Baghdad - Mawazine News, Head of the Al-Fateh Alliance Hadi Al-Amiri stressed, on Monday, the need to end the political crisis and form a strong government capable of advancing the country's reality.

Al-Amiri's office said in a statement that Mawazine News received a copy of it, that "the latter received in his office in the capital, Baghdad, today, Monday, during separate meetings, the UN envoy, Jenin Plasschaert, the Italian ambassador, Maurizio Cricante, the German ambassador, Martin Yekar, and the Australian ambassador to Iraq, Paula Ganley."

He added, "All discussions touched on the latest political developments and the most important issues in the Iraqi scene, as well as strengthening foreign relations and benefiting from experiences to develop the country at various levels and fields."

Al-Amiri stressed, according to the statement, "the need to end the political crisis and form a strong government capable of advancing the country's reality and providing the best services to citizens." Ended 29 / h   https://www.mawazin.net/Details.aspx?jimare=206598

The "State Administration" Ship Is Awaiting The Word Of October... And The Fate Of The New Coalition Will Be Decided Next Week

Posted On2022-09-27 By Sotaliraq   Baghdad / Tamim Al-Hassan  The coordinating framework that leaked on Sunday evening, news of the formation of what has become known as the "state administration coalition", decided to postpone the official announcement of the coalition until after the first of next October, or it may be forced to withdraw from it.

The new coalition is supposed to include all the forces allied with the "framework" in addition to the Alliance of Sovereignty and the Kurdistan Democratic Party, provided that this coalition will manage the next transitional phase until elections are held.

It is possible, according to the data of what happened that night, to consider the coalition that is being talked about by the "frameworkers", and has not been officially announced yet, as a "test balloon."

The "framework" will decide whether or not to proceed with the new alliance and its clauses, part of which leaked, according to what will happen after the next 10/1.

Activists are mobilizing to large demonstrations in Baghdad on the third anniversary of the start of the October protests, which falls next Saturday.

And on Sunday evening, the office of Nuri al-Maliki, leader of the State of Law coalition, published a brief leaflet on "Twitter", in which he said that "the ship of the new coalition has sailed."

This came after the office of Hadi al-Amiri, the leader of the Al-Fateh Alliance, denied that a press conference was held at the latter's house to announce the new alliance.

The alliance had been talked about before Sunday, and it includes 6 parties: the Coordination Framework, the Azm Alliance, the Patriotic Union of Kurdistan, Babylon, the Sovereignty Alliance, and the Kurdistan Democratic Party.

And behind the scenes of what happened on Sunday evening, a politician who was close to talking to Al-Mada revealed "Al-Amiri's hesitation in agreeing to announce the formation of the coalition for fear of angering Muqtada Al-Sadr, the leader of the Sadrist movement."

Al-Amiri's hesitation caused the latter to deny holding a press conference at his home in order to announce the alliance, which he called "the state administration."

The informed politician continues: "The events of the signing of the alliance were transferred to the house of Ammar al-Hakim, the leader of the Wisdom Movement, and after that al-Amiri joined the rest of the leaders."

According to the politician who attended Sunday night's events, al-Amiri still had lines of communication with al-Sadr, and joined al-Hakim's house when he received a response from the leader of the movement, who told him that "al-Sadr is not concerned with what is happening and al-Amiri is free in his decision."

So far, the leader of Al-Fateh has not issued any comment on what happened on Sunday evening, with the exception of the statement that was published that night from his office about the absence of a press conference to announce the coalition.

Al-Amiri's positions throughout the crisis, which is approaching a year, were close to the Sadrist movement, and it is the only one that al-Sadr welcomed on the condition that he leave the "framework."

Mukhtar Al-Moussawi, a former deputy in the Al-Fateh Alliance, refused to comment on Al-Amiri's positions, but told Al-Mada that the latter "will not participate in the government to be formed."

And his opinion of the new alliance, the former MP stressed that «there is no hundred alliances and meetings that will end with the formation of a government without the approval of the leader of the Sadrist movement».

So far, there has been no comment from al-Sadr about the new coalition, while Ghayeb al-Amiri, a former Sadrist MP, mocked the alliance.

Al-Amiri said in a tweet on Twitter on Sunday evening: "The framework remains a framework and it is impossible for it to become an engine."

Since what was known as the "forty-year armistice", which is believed to have been recently extended to the middle of next month, al-Sadr has been committed to not making political statements.

Those close to the Sadrist movement raise questions about what happened on Sunday night, and the reason for the lack of an official document for the coalition showing the names of the signatories, or holding a press conference.

Those close to al-Hanana, al-Sadr's stronghold, confirmed in an interview with Al-Mada that "the leader of the Sadrist movement certainly refused to announce this alliance and did not send any representative on it."

A close associate of the movement, a former deputy, indicates that there are unconfirmed reports of a contact between Khamis al-Khanjar, the leader of the Sovereignty Alliance, with al-Sadr on Sunday night.

The representative of the race does not know the exact details of the contact, but he pointed out that leaks indicated that al-Khanjar assured the leader of the Sadrist movement that "the demands of the Sadrist movement were present at the meeting that took place on Sunday evening."

The former MP asserts that "the tripartite alliance between sovereignty, the current and the Democratic Party still exists, and certainly the conditions of al-Sadr were put forward by the allies on Sunday night."

So far, no official statement has been issued by the Sovereignty or the Kurdistan Democratic Party on the new coalition.

Part of the agreement that took place on Sunday evening was leaked, as he confirmed that no negotiations took place with al-Sadr because the latter "has refused to negotiate."

The leaked negotiating papers carried demands to abolish the Accountability and Justice Commission and transfer the files to the judiciary, a demand that has been repeated since 2006.

The documents also indicated the existence of what they described as a “Sunni desire” to expel the army and the popular mobilization from the city centers, and confirmed that it was agreed to achieve this after “a budget was provided” and “centres that provided them with stability,” in reference to the mobilization and the army.

The documents of the new agreement, which have not been verified by an independent body, indicated that the election law would be amended, elections would be held a year after the amendment, and provincial council elections would be held before the legislative elections.

In addition to forming a government in accordance with the principle of consensus and electoral benefits, the politician familiar with the agreement asserts that it was “emphasized that Muhammad al-Sudani will remain.”

Amid these news, the latter's office announced what it said was the next government program, which included 23 axes, the most important of which are related to electricity, health, municipal services and combating corruption.

Parties in the coordination framework have recently hinted, most notably Qais al-Khazali (the leader of the Asaib Asaib), to the possibility of replacing al-Sudani as one of the solutions to understanding with al-Sadr, who still rejects any understandings with the "frameworkers".

Returning to the scenes on Sunday night, the politician close to the events said that "there are papers and signatures that will appear, and the press conference will be announced, but after 10/1."

The politician described what happened from the agreement as a "feeling of the pulse", as the framework will wait for what will happen after the third anniversary of the October protests and decide to proceed or make amendments to the agreement.

Pictures on social networking sites showed publications to mobilize the demonstrations next Saturday, which may develop into storming the Green Zone.

The "framework" also expects that Sadr's supporters will participate in the new movement, and the clashes in the Green Zone that took place at the end of last August may recur.

The leaked documents revealed about the meeting on Sunday night, stressing the issuance of a general amnesty and excluding those involved in terrorism, the abolition of the positions of the acting governor, and the unification of customs duties.

It was noticeable in the negotiating documents about holding a session of Parliament on September 27 (today), and the documents stated that Parliament Speaker Muhammad al-Halbousi "was enthusiastic about holding the session."

The framework's last attempt to hold a session last week ended with a small meeting in the "parliament cafeteria" between Al-Sudani and a limited number of deputies.  LINK

TNT Members "It Does Not Compute" Tuesday PM 9-27-2022

TNT:

Tishwash:  Central Bank Governor: There is no intention to reduce or change the dollar exchange rate

Today, Tuesday, the Central Bank of Iraq announced its intention to issue a new denomination of the Iraqi currency, worth 20 thousand, while stressing that there is no intention of the Central Bank to change the exchange rate of the dollar.

Central Bank Governor Mustafa Makheef said during his speech at the Al-Rafidain Forum that “the central bank has no intention to reduce or change the dollar exchange rate,” stressing that “Iraq is still in the early stages of reaping the positive effects of the exchange rate change, and there are some negative indicators that it is working to address during the period.” coming.”

He added that "the process of deleting zeros from the currency needs to legislate a law and requires some modifications, and the atmosphere must be available to accept such modifications," noting that "the central bank presented earlier a project on the process of deleting zeros."

He pointed out that “the Central Bank is working to complete a new category of 20 thousand dinars based on a study and research compared with neighboring countries, and is working to complete the form of the paper and in the coming days it will be announced,” noting that “the Central Bank has reduced the interest rate on loans.” provided to finance projects, and that the initiatives largely targeted the housing sector, which occupies more than 30% in various sectors.”

He explained that "the central bank has a plan and strategy for five years, and it may be delayed because of what it faces in several areas," noting that "the central bank has taken several steps to develop the banking and financial sectors, including canceling interest and setting simple fees for the development of industrial, residential and agricultural projects."

He noted that "there are several measures taken in the field of the private banking sector, and they can be classified into three categories, very good banks that have good relations and transactions, and there are good banks, and emerging banks," stressing that "there is a previous decision to convert banking companies into banks, and this affected the banks.”

He continued, "All sectors are affected by the general situation in the country, especially the banking sector, whether political or security, and despite that the banking sector had a role in moving the wheel of the economy, especially in the housing sector in particular," stressing that "the Central Bank took the initiative to develop the banking sector and strengthen relations with banks. Arab and international.

And he indicated that "the Central Bank has distinguished relations with the World Bank and the IMF, and it has a strategy, and there is communication with the International Monetary Fund, and Iraq's openness with them is very important despite the challenges facing the country."

He pointed out that "the Central Bank is now completing a new building designed by the architect Zaha Hadid, and he has a branch in Basra province that covers the southern region, and we have Mosul in the northern region, and we have a branch in the Kurdistan region, and the intention was to open a branch in the central region of Najaf, but within the law The Central Bank cannot establish a branch if it does not have its own land, and a piece of land has been allocated, and we are working to establish a branch in Najaf  link

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An interview with the Central Bank of Iraq regarding the deletion of zeros from the currency and the completion of a new 20 thousand banknote   link

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Central Bank: We are preparing to issue a new Iraqi currency, and this is our position on deleting zeros link

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Fuze:  This is a good read and not necessarily negative, why? A Central Bank Governor will never ever admit when the Central Bank is close to changing its exchange rate. It's a non-negotiable no-no! To the contrary most Central Banks if not all put out an announcement claiming they will not change their exchange rate right before they change their exchange rate.

So, why is such an article beneficial? It enables a glimpse into the remaining obstacles. We know the Financial Management Law which set the specific parameters and further empowered the CBI to delete the 3 zeros and adjust the exchange rate was passed years ago, in fact the CBI has already legally exchanged the rate several times, we all know this.

Now they may DESIRE to pass additional laws to govern the rate once changed for sure, but the power and processes to do it even with a fully recognized internationally exchanged currency is done.

So, what's the real hold up? The political environment has a direct impact on a SUCCESSFUL REINSTATEMENT AND REVALUATION of any nations currency. Which simply means the People must trust the currency and the change. It must not fail with the People.

~~~~~~~~~~

RVAlready:  I can’t take the 20000 note and delay article to heart, because it runs contrary to what the CBI has been telling the banks for the last several months.

PaulW: Rvalready, I feel the same as you do re CBI article, it does not compute

PaperChaser: Probably it's the smoke and mirrors game. These games are so tiring to the rest of the world. It would be wonderful for the world to revalue without Iraq!  I wouldn't miss Iraq in the least bit.

Yada:  Read the articles and not discouraged. Fuze's posted a comment that I think is a good look at the article. Fact is the CBI has to be cautious in alerting the people of an expected change in the rate and we've seen this with Kuwait and China and viola, the change was there. Think of the reason they would say this now. If they were not going to increase the rate, none of the other countries would be waiting, they would invest now.

Tru4ever:  I think it"s not negative because they will NEVER let us know when they change the rate. Remember...watch what they do and NOT what they say

MountainMole:  If I remember correctly. Kuwait gov. took out a full page in their newspaper informing the people that they would not increase or change the rate of currency. 24 hours later, BOOM, there it is, boom there it is!!!!

Red: fyi about Kuwait The dinar was introduced in 1961 to replace the Gulf rupee, equal to the Indian rupee. It was initially equivalent to £1 stg.[3] As the rupee was fixed at 1/6d, that resulted in a conversion rate of Rs.13+1⁄3 to KD

Red: #2 1. When Iraq invaded Kuwait in 1990, the Iraqi dinar replaced the Kuwaiti dinar as the currency and large quantities of banknotes were stolen by the invading forces. After liberation, the Kuwaiti dinar was restored as the country's currency and a new banknote series was introduced, allowing the previous notes, including those stolen, to be demonetized.

Tuesday Afternoon Iraq Economic News Highlights 9-27-22

Tuesday Afternoon Iraq Economic News Highlights 9-27-22

The risk of delaying the budget threatens the flow of repayment of external and internal debts

Posted On2022-09-27 By Sotaliraq   Baghdad / Hussein Hatem    There are conflicting economic opinions regarding the mechanism for repaying Iraq’s internal and external debts, as specialists believe that delaying the 2022 budget will complicate the payment mechanism for a longer period. On the other hand, the budget delay is not related to the payment of debts, as it is scheduled within the 2021 budget.

There is a financial glut resulting from high oil prices. According to the latest official government statements, Iraq's debt is divided into three types: internal, external, and long-term very concessional.

The internal public debt amounts to 50 billion dollars, and the Central Bank of Iraq still possesses 63% of the principal debt and its interests, and the annual interest ranges between 2 and 3%, and the rest of the internal debt is still in the possession of government commercial banks, which means that they are settlements within the financial system The government, exclusively, in the form of treasury transfers for a period of one year, the payment of which was postponed until the annual interest on it was paid from the annual allocations in the general budget, according to a government financial advisor.

As for the external public debt, it is twofold. The first is payable debt, amounting to 20 billion dollars, which is currently paid annually on a regular basis by the Ministry of Finance, and is expected to be repaid by 2028.

[size=45]As for the second part of the foreign debt, amounting to 40 billion dollars, it represents almost bad debts that the creditors did not claim under the terms of the Paris Club agreement for the year 2004 regarding the cancellation of 80% of Iraq’s foreign debts before 1990, and it dates back to the era of the former regime.

According to official government statements, the suspended external debt belongs to 8 countries, 4 of which are Gulf countries that loaned Iraq during its war with Iran, and it is considered in international norms as obnoxious or hateful debts because it financed the war and did not serve economic development, but it still appears in the accounts books of those countries It is expected to be written off 100%, without specifying a time.

As for the last part, which was detailed by the official figures, it is a very soft long-term debt related to the financing of development projects provided after 2003 according to the pledges of the Madrid Donor Conference in October 2003, and it is due to be paid after more than 20 years, and it is estimated at about $6 billion belonging to the Agency for International Economic Cooperation. Japan and some EU funds.

A member of the Parliamentary Finance Committee, Jamal Cougar, said in an interview with Al-Mada that "the payment of internal and external debts is proven in the 2021 budget."

And Cougar continued, "If there are debts that are due to be paid, the delay in the 2022 budget will have an impact on it, as long-term amounts have not been allocated to it."

A member of the Parliamentary Finance Committee added, "The rise in oil prices enabled the economy to restore its monetary activity, raise reserve rates, and pay large sums of debts owed internally and externally.

In turn, the rapporteur of the Finance Committee in the former parliament, Ahmed Al-Saffar, said in an interview with (Al-Mada), that "a large part of the debt was paid as a result of the financial abundance resulting from the rise in oil prices."

Al-Saffar explained, “There is a debt scheduling that has nothing to do with the current year’s budget, since foreign debts are investment loans, and are not limited to one year,” adding, “This does not mean that delaying the budget does not affect, as its delay affects the joints of the state in general.” “.

The former deputy pointed out, "The internal debts are of unknown fate, due to the lack of transparency, and the failure of the Ministry of Finance to show its periodic reports related to the total revenues, expenditures and the remaining balance."

And Al-Saffar, that "Iraq's debts during the previous parliamentary session amounted to about 80 billion dollars, internally and externally."

He pointed out that "the government is currently working according to the 1/12 system related to the 2021 budget, despite the approval of the Food Security and Development Law for emergency support," noting that "the amounts allocated within the Food Security Law are still unknown, and there is no actual data showing the percentage of implementation this is the law".

For his part, financial expert Safwan Qusay told Al-Mada that "the debt settlement process, especially long-term, requires the approval of a financial budget."

Qusay added, "The absence of a budget means delaying the payment of debts for a longer time, especially foreign debts."

The financial expert pointed out that "there is at least $20 billion in external debt, and at least $50 billion in internal debt."

Qusay explained, "The internal debts can be settled in a quick way, through the Ministry of Finance's transfer of those debts to the balances of the retirement fund and some Iraqi banks."

For his part, constitutional law professor Wael Munther said in an interview with Al-Mada that “the payment of internal and external debts depends on the operational budget that falls within the general budget.”

Munther added, "The absence of the budget does not affect the payment of debts if the payments owed by Iraq are equal," adding, "In this case, payment can be made according to the 1/12 mechanism."

Iraq relies on more than 95% of crude oil exports to build the general budget annually, while the agricultural, industry, tourism and other sectors constitute only about 5% of the annual finance. LINK

Iraq Plans To Develop And Expand The Export Of Liquefied Gas Abroad

Energy    Economy News – Baghdad   The Basra Gas Company reported, on Tuesday, that the production of liquefied gas from Basra gas covers 80% of the local need and the surplus is exported abroad, at a time when the company is working on developing and expanding export quantities.

The Deputy Managing Director, Director of the Higher Production Authority, Marfa Al-Asadi, said, "The company continues to work in the production of liquefied gas used in cooking to meet the country's needs," noting that "the current production covers 80 percent of the local need, in addition to exporting the surplus 6 years ago." Through the company's Umm Qasr port," according to the official "Al-Sabah" newspaper.

He added, "The company is seeking to update its plans to export liquefied gas abroad, as it has worked on developing its facilities and exporting semi-cooled gas (4 degrees Celsius), which contributed to the possibility of loading the product into ships with larger capacities that almost double the previously exported quantity.

It reaches 10,000 tons, which allows our product to reach farther markets and to have more tankers used for this material, after relying on exporting gas in small vessels with capacities ranging from 3,500 to 5,500 tons, depending on the type of ship. ".

Views 81   Added 09/27/2022 - 10:08 AM    Update 09/27/2022 - 1:04 PM

https://economy-news.net/content.php?id=29920

Lebanon: We Are Waiting For The Remaining Fuel Shipments From Iraq And Are Seeking To Renew The Agreement

Energy    Economy News _ Baghdad   Today, Tuesday, Lebanon announced that it is awaiting the remaining shipments of fuel from Iraq within the contract concluded between the two parties, indicating that it seeks to renew the agreement.

The Minister of Energy and Water in the caretaker government, Walid Fayyad, said in press statements, "There are developments in the Iraqi fuel file, because of which the shipment of Iraqi fuel was delayed in reaching Lebanon," noting that "we will have a virtual working session today with the Iraqi party to work on the issue of specifications." .

And he added, "We will solve this problem with the Iraqi side after the meeting, to get back to getting the remaining Iraqi fuel shipments, which amount to 190,000 tons," expressing hope that they will "arrive in the next two months."

Al-Fayyad also indicated, "He will then issue the renewal of the agreement to obtain fuel with the Iraqis, and for this purpose we will visit Iraq, to ​​discuss the renewal of the agreement to obtain an additional one million tons of fuel, which can provide between 3 and 4 hours of electricity supply per day, for a period of time." year".

Lebanon signed an agreement with Iraq in July 2021 to import one million tons of fuel fuel to alleviate the country's electricity crisis, and the first ship arrived in Lebanon carrying 31,000 tons of this substance on September 16, 2021.

Fuel is a mixture of oils that remain in the oil refining unit after distillation (heavy fuel) and burn in a furnace or boiler to generate heat or to generate electrical or kinetic energy.

Iraq and Lebanon agreed on an energy exchange, under which Iraq would give Lebanon, which is going through the worst economic crisis in its history, heavy fuel oil, in exchange for "services and goods" that Iraq would get from Lebanon.  26 views  Added 09/27/2022 - 10:06 AM   Update 09/27/2022 - 1:01 PM

https://economy-news.net/content.php?id=29919

Masrour Barzani: We Will Continue To Implement Service Projects And The Battles Hinder The Reconstruction Of The Border Areas

Kurdistan Masrour Barzani  za service projects

The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, confirmed today, Tuesday, September 27, 2022, that the government will continue to implement service projects, noting at the same time that the ongoing battles between Turkish forces and the Kurdistan Workers Party (PKK) impede the reconstruction of the border areas.

Masrour Barzani's speech came during his participation in the ceremony of laying the foundation stone for several service projects in the independent administration of Zakho.

Masrour Barzani said that "during the past year, many projects were implemented in the sectors of education, tourism, health and road construction," adding that "Zakho was not previously serviced in the required manner, so its residents must be compensated."

The Prime Minister added, "We have other future projects, such as the 60 Metric Street in Zakho, the Bativa District Hospital and the Industrial District in Zakho," noting that "these projects will provide job opportunities for the people of Zakho and will be a means to develop the industrial sector throughout Kurdistan."

He stressed that "Zakho is an important city and its people gave a large number of martyrs in the service of Kurdistan and its gains," stressing that this region has commercial importance, linking Kurdistan through Turkey with Europe, and a large proportion of Kurdistan's trade takes place through it.

He pointed out that "turning the streets and roads of Zakho into a highway aims to facilitate trade between Zakho and the Kurdish cities and link them abroad," stressing that "it will be a great step to strengthen the economic infrastructure in Kurdistan."

And he added, "A year ago, it was said that 60 percent of the roads and streets inside Zakho are unpaved," stressing that "during this year, 30 percent of them have been completed and we will work to complete the rest."

"The Zakho area is a very beautiful and comfortable city," he added, but "unfortunately, because of the ongoing battles in the border areas in Zakho and its villages, we cannot rebuild and develop these areas."

"We hope that the sovereignty of our country will be respected and that the battles in those areas will be ended so that their people can return to them and the government will be able to develop these areas and increase their economic development," he added.

At the conclusion of his speech, Masrour Barzani revealed the government’s intention to build a dam for the Zakho region as one of the projects on the lists of the ninth cabinet in building dams within all regions of the region, and to provide support to farmers and to contribute to improving the climate and solving water problems that constitute a serious challenge.

Masrour Barzani: We will continue to implement service projects and the battles hinder the reconstruction   LINK

Iraqi News Tuesday AM 9-27-22

Iraqi News Tuesday AM 9-27-22

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Central Bank: We Are Preparing To Issue A New Iraqi Currency, And This Is Our Position On Deleting Zeros

Tuesday 27 September 2022 10:46 | Economic Number of readings: 416   Baghdad / NINA / - The Central Bank revealed the timing of issuing a new monetary category of the Iraqi currency, while it disclosed its position on deleting zeros and the digital currency.

"We have reduced the interest rate on loans provided to finance projects in the initiatives of the Central Bank," Mustafa Ghaleb, the governor of the Central Bank of Iraq, said, in press statements today, Tuesday, followed by the National Iraqi News Agency, noting that "the initiatives largely targeted the housing sector, which occupies more than 30 orphaned in various sectors.

He added, "The Central Bank has a special team that has been working for more than a year on the issuance of digital currency, and so far we do not have a specific date for the issuance of such currency," noting that "the process of deleting zeros requires the issuance of a law, and a draft law has been prepared for this and sent to the government."

But now it requires an amendment, and there is a necessary need to create an appropriate political atmosphere within the House of Representatives to issue such legislation, where the atmosphere must be provided socially, economically and locally to accept such amendments.”

On the possibility of issuing a new currency, the governor of the Central Bank said, "We are currently working on completing the design of a new currency of 20,000 dinars, after a series of practical studies to unify the Iraqi currency, and it will be announced after the completion of its printing in the future."

Regarding changing the exchange rate, the governor of the Central Bank clarified, “The process of changing the exchange rate in 2021 obligated the Central Bank to take that decision in light of a number of circumstances in consultation with international bodies, including the World Bank and the Monetary Fund, which had previously proposed this since 2014.”

He added, "The bank did not take this decision and the circumstances did not help us at the time, but the decision I personally think came late and there are those who asked to change the price even higher," noting that "the change in the exchange rate since the decision was made, saved the government more than 23.5 trillion dinars, as well as Oil and non-oil revenues," stressing that "there is currently no intention of the Central Bank to change the exchange rate." /finished5

https://ninanews.com/Website/News/Details?key=1002717

Central Bank Governor: There Is No Intention To Reduce Or Change The Dollar Exchange Rate

Economie| 10:31 - 09/27/2022   Baghdad - Mawazine News   The Governor of the Central Bank of Iraq, Mustafa Ghaleb, announced, on Tuesday, the bank's intention to issue a new denomination of the Iraqi currency with a value of 20 thousand dinars, while confirming that there is no intention to reduce or change the dollar exchange rate.

Ghaleb said in a speech within the work of the "Al-Rafidain Forum", which was followed by "Mawazine News", that "there is no intention of the Central Bank to reduce or change the exchange rate of the dollar," noting that "Iraq is still in the early stages and reaping the positive effects of changing the exchange rate." There are some negative indicators that we are working to address in the coming period."

He added, "There is a previous project submitted by the Central Bank regarding the process of deleting zeros," noting that "this matter needs to legislate a law and this project requires some amendments, and that the pursuit of this law needs to stabilize the situation in the country and the atmosphere must be provided to accept such transactions. ".

He continued, "The Central Bank, within the currency chain, is working to complete a new category of 20 thousand dinars based on study and research compared with neighboring countries and is working to complete the form of the paper."

He noted that "the Central Bank has reduced the interest rate on loans provided to finance projects, and that the initiatives have largely targeted the housing sector, which occupies more than 30% in various sectors." Ended 29/N33   https://www.mawazin.net/Details.aspx?jimare=206648

President Of The Republic: We Look Forward To The Support Of The International Community In Promoting And Developing Its Economy

Political | 03:50 - 09/27/2022   Baghdad - Mawazine News   The President of the Republic, Barham Salih, received, on Tuesday, the President of the Iraqi-British Business Council, Baroness Emma Nicholson, in the capital, Baghdad.

A statement by Saleh's books, received by Mawazine News, stated that during the meeting, they discussed the joint Iraqi-British relations and their strengthening in various fields, especially in the sectors of economy and trade, and supporting investment opportunities in Iraq and contributing to reconstruction and infrastructure projects.

President Barham Salih said that Iraq looks forward to the support of friends and the international community in the field of strengthening and developing the Iraqi economy and its advancement and support for national economic plans to meet the entitlements related to construction, reconstruction and development, and to carry out the necessary reforms and support investment and the private sector. Ended 29/R77   https://www.mawazin.net/Details.aspx?jimare=206679

Iraq: Central Bank Reserves Exceed The Ceiling Of 87 Billion Dollars

Posted On2022-09-27 By Sotaliraq   Date: September 27 2022

The Central Bank of Iraq adviser, Ahsan Shamiran Al-Yasiri, said that the reserves of the Central Bank of Iraq exceeded today, Tuesday, the ceiling of 87 billion and 100 million dollars, which is the highest reserve recorded by the Central Bank of Iraq.

Al-Yasiri told reporters during his participation in the Al-Rafidain Forum for Dialogue in Baghdad, "We aspire to reach 95-100 billion dollars by the end of this year."

He added, "These increases in reserves will support stability and the Iraqi currency, which is today at its best, as its value exceeded more than 130 percent of its real value thanks to the large reserves achieved."

He called on the Iraqi government to "follow a policy of financial discipline and rationalize the use of funds to benefit from financial reserves."

Al-Yasiri said, "Oil prices in the global market are currently acceptable to Iraq, and that Iraq has benefited from global tensions through high oil prices."  LINK                                                            

The Stability Of The Dollar Exchange Rate Against The Dinar

Economie| 09:25 - 09/27/2022   Baghdad - Mawazine News   The dollar exchange rates witnessed, today, Tuesday, stability on the Iraqi Stock Exchange.  Selling price: 147.750 dinars per $100   purchase price: 147.650 dinars per $100   https://www.mawazin.net/Details.aspx?jimare=206643     

Oil Prices Are Rising In Global Markets

Economie| 08:41 - 09/27/2022   Follow-up - Mawazine News:  Oil rose in early Asian trading, Tuesday, as indications eased that the OPEC + alliance sought to avoid a price collapse, along with a slight decline in the US dollar.   Brent crude futures rose 53 cents, or 0.63%, to $84.59 a barrel by 04:20 GMT.

US West Texas Intermediate crude futures rose 46 cents to $77.17 a barrel. Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=206637

Al-Kazemi Assigns Ihsan Abdul-Jabbar A New Position

Political | 04:21 - 09/27/2022   Baghdad - Mawazine News   Deputy Mustafa Jabbar Sanad confirmed, on Tuesday, that Prime Minister Mustafa Al-Kazemi assigned the Minister of Oil and Finance, Ihsan Abdul-Jabbar, with a new position.

Sanad said in a tweet via Twitter, which was followed by / Mawazine News /, that the Prime Minister assigned the Minister of Oil the tasks of heading the (Iraqi-Saudi Joint Higher Committee) in addition to his duties. Ended 29/R77    https://www.mawazin.net/Details.aspx?jimare=206681   

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