Iraqi News Highlights Monday Evening 11-21-22
Iraqi News Highlights Monday Evening 11-21-22
Tlm724 Administrator Bondlady’s Corner
Why The Central Bank's Sales Of The Dollar Have Fallen Over The Past Days
Economy , 2022/11/21 09:42, number of readings: 93 Baghdad-Iraq today: The deputy of the state of Law coalition, Mohammed Al-Shammari, attributed the decrease in the central bank's sales of dollars at the currency auction to the new government's control over currency smuggling and money laundering.
Al-Shammari said in a press interview that "the decrease in the central bank's sales of dollars at the currency auction occurred after the control of all the money that was entering the smuggling and laundering box," stressing that "the Sudanese made a right start by standing up to all those who were making profits from the sale of hard currency in very high amounts, especially in the recent period.
Iraqi News Highlights Monday Evening 11-21-22
Tlm724 Administrator Bondlady’s Corner
Why The Central Bank's Sales Of The Dollar Have Fallen Over The Past Days
Economy , 2022/11/21 09:42, number of readings: 93 Baghdad-Iraq today: The deputy of the state of Law coalition, Mohammed Al-Shammari, attributed the decrease in the central bank's sales of dollars at the currency auction to the new government's control over currency smuggling and money laundering.
Al-Shammari said in a press interview that "the decrease in the central bank's sales of dollars at the currency auction occurred after the control of all the money that was entering the smuggling and laundering box," stressing that "the Sudanese made a right start by standing up to all those who were making profits from the sale of hard currency in very high amounts, especially in the recent period.
He added that "the features of the product of the work of the new government began to appear through a number of files that were processed in the period following the previous caretaker government".
He pointed out that "there are many officials who have been dismissed or held accountable for all the files that were hacked in the caretaker government headed by Mustafa al-Kazemi".
Economist Abdul Rahman al-Mashhadani had said earlier that "private banks are the only beneficiaries of the sale of the central bank by smuggling hard currency out of Iraq.
Ibrahim al-sakini, a leader of the state of Law Coalition, had said earlier that
"the goal of the change in positions is not to repeat the mistakes and violations that occurred in the previous caretaker government," pointing out that
"state institutions, departments and ministries need a revolution in changing positions at the level of their senior positions. https://iraqtoday.com/news/67657/لماذا-انخفضت-مبيعات-البنك-المركزي-من-الدولار-خلال-الأيام-الماضية-
Experts: Iraq Loses 2.5 Billion Dollars A Month Due To Holidays
Economy , 2022/11/20 18:02, number of readings: 387 Baghdad-Iraq today: The network of field Advisers estimated on Sunday that Iraq is losing about 2.5 billion dollars a month due to official holidays.
"Iraq is at the forefront of the countries that disrupt the official working hours of the private and public sectors on various national and religious occasions for various reasons," said Al-Shabaka member Qahtan Al-Hassu, noting that "these holidays are causing a clear depression on the one hand,
and a significant decline in the educational level on the other,
not to mention the delay of several important projects in reconstruction and development. Al-Hassu added that "some countries such as Sweden give nine days a year, while in Germany it is between 10 and 13 days depending on the state, and in Spain 14 days, while Jordan is off 15 days, and Egypt 16 days a year," pointing out that "Iraqi events add sudden holidays often imposed by security, political or religious situations.
He pointed out that "economists estimated the losses of a vacation for an entire month by more than two and a half billion dollars, if the employee's salary rate is calculated at least 500 dollars per month depending on the number of employees in Iraq, 5 million employees in various sectors of the state, according to the readings of some competent research institutions.
He explained that "the abundance of official and unofficial religious holidays and events affects not only the economy, but affects all life facilities, especially study and scientific sobriety,
"assuming 52 weeks a year," including two days of each week off, so the total holidays on Fridays and Saturdays are 104 days a year, in addition to 18 official events, equivalent to 36 days off a year, counting the dropout of employees and students a day before or after the holiday. Al-Hasu pointed out that
"there is a system followed by Iraqis (between the two holidays) that is within the 18 days, and on this basis we are talking about more than (176) days off, knowing that they are holidays that do not include personal permits for illness, travel or childbirth, and apart from the days of religious events and others known as consensual, as the government declares the Eid holiday a full week to align with the two communities and their vision of the Crescent".
https://iraqtoday.com/news/67646/خبراء-العراق-يخسر-25-مليار-دولار-شهريا-بسبب-العطل
Al Rasheed Bank Announces The Launch Of The Electronic Insured Documents System
Sunday, 20 November 2022 2: 17 pm Baghdad/ National News Center Al Rasheed bank announced on Sunday the start of the electronic insured documents system, the national project to cancel the validity of issuance transactions.
The bank's flags stated that “this came based on the directives of the general secretariat of the Council of ministers / data center, “indicating that
”this project eliminates all manual issuance validity and is electronic through an electronic system between the bank and all departments, and this measure will reduce red tape and shorten the time for the citizen in all banking transactions. https://nnciraq.com/166251/
She was transported by armored vehicles.. New details on the "theft of the century" and a British report hinting at the involvement of "Iraqi factions"
Reports and analytics Central Bank of Iraq Theft of the century 2022-11-19 18:14
Shafaq News / the British Financial Times newspaper published an article by the writer ريا Chalabi in which she talked about the fate and developments of the case of the theft of 2.5 billion dollars in Iraq, and the investigations into the incident, which is the largest of its kind to be announced in the country, while hinting at the involvement of "Iraqi factions" in the theft.
According to the Ministry of Finance,
armored vehicles carrying 2.5 billion dollars belonging to the Iraqi tax authority disappeared between September 2021 and August 2022, a scandal that has sparked widespread controversy within the corridors of power since its discovery last month.
She adds that trucks loaded with tax money left the state-owned Rafidain Bank and took their usual route to disappear in broad daylight in what is known in Iraq as the "theft of the century".
He had unveiled the merits of this scandal days before the swearing-in of the government of the new prime minister Mohammed Shiaa al-Sudani, and pledged to give priority to the fight against corruption that spread in all parts of the state and its institutions, as the Sudanese launched a public purge of aides to former prime minister Mustafa al-kadhimi, according to the author.
Sudanese responsibility
Al-Sudani, who appears to be an independent politician and enjoys the support of some factions allegedly involved in the scandal, may have difficulty holding senior members of the political establishment accountable, noting that
"the responsibility for this scandal lies with those at the top of the hierarchy of power, and many high - level players are involved, including current and former ministers, civil servants and businessmen".
It said "rampant corruption" in Iraq had eroded state institutions endorsed by the political class that has ruled the country since the overthrow of late President Saddam Hussein in 2003.
Instead of promoting power-sharing, the author adds,
"the sectarian Iraqi system has contributed to the establishment of a quota system between factions competing for senior government positions and feeding patronage within ministries".
Involvement of influential parties
Some sources claim - according to the article-that this latest fraudulent scheme involves many powerful and dissonant political factions, especially those who agreed on the appointment of al-Sudani,
while the new government is dominated by political blocs linked to Iran known as the "coordination framework", which disagreed with loyalists of rival Shiite cleric Muqtada al-Sadr on the formation of the government.
The author, in the course of her article, emphasizes that 5 people familiar with the investigation noted that the latest scandal casts doubt on both sides that have been fighting for power for a long time.
Theft detection
The scandal of embezzlement of 2.5 billion dollars - in which the Tax Authority, the central bank and the
Ministry of finance are suspected to be involved-
came to light when "Finance" revealed the result of an internal investigation that showed that from September 2021 to August 2022 about 250 checks were organized for 5 companies, and
then the funds deposited in the escrow account intended to cover annual liabilities were withdrawn to accounts controlled by the tax authority at Rafidain State Bank.
In a public statement after the disclosure of the embezzlement, former finance minister Ali Allawi-who resigned from the kadhimi government in August 2022 - stated that he informed Kazemi's office about the scheme in November 2021, and ordered to stop payments from the accounts without his consent,
but the payments continued, according to Allawi, at a time when an adviser to the former prime minister said that Kazemi's office had not received "official correspondence" from Allawi about the embezzlement.
According to the Ministry of finance, the companies in question claimed to be working for larger companies, including many international oil companies, but according to 4 people familiar with the investigation, 3 companies had been founded just one month before the embezzlement was carried out, according to the author.
The Ministry of Finance had revealed that 3.7 trillion Iraqi dinars (2.5 billion dollars) had been withdrawn from the accounts of Rafidain Bank, which is equivalent to 2.81% of the country's budget for 2021, and then some of these funds were used to buy dollars from the Central Bank of Iraq.
Suspicions
The author, speaking about the suspicions surrounding the embezzlement process, confirmed in her report that according to 3 people familiar with the Iraqi banking sector,
it is certain that the central bank and the Rafidain Bank are aware of the operation, as the
slight increase in dollars purchased at the auction was higher than usual, as well as the amounts withdrawn were very large،
The same sources explained that "the amount of money transported daily in Baghdad required armored trucks, and this indicates the involvement of the security services".
She added that the judiciary issued a travel ban against 9 suspects, including 5 high-ranking civil servants at the tax authority and the Ministry of Finance and company managers, and
one of them, Nour Zuhair Jassim, was arrested at the tarmac of Baghdad International Airport while trying to leave the capital on a private plane.
The article continued that - according to the same sources familiar with the investigation-
Jassim is the main suspect, and that the judiciary is investigating his relationship with kadhimi's aides, the Sadrists and the leaders of the coordination framework,
including former prime minister Nuri al-Maliki and the leader of the "Fatah" Alliance Hadi al-Amiri, and
the judiciary summoned one of kadhimi's advisers for questioning.
Settling accounts
While analysts doubt that the investigation is being used as a tool to settle scores, Renad Mansour, director of the Iraq initiative Project at Chatham House, confirms that
"the corrupt and the powerful succeed in using their power to target the weaker groups,
anti-corruption mechanisms are often used as a tool for political liquidation".
Analysts emphasize that in a system where corruption reigns and special interests dominate, the investigation is likely to be disrupted.
"It is expected that some heads will fly out of the banks, and then the issue will be quietly forgotten,
most likely this is what the political elite is planning, which seems to have returned to its old practices," said Sajjad giad, a fellow resident of the Century Center.
The article concluded that many of the competing political factions in Iraq that are suspected of involvement in this embezzlement, which was described as "great", have shown their willingness to ally with each other for financial gain, which Mansour comments
"This confirms that corruption is rooted in the Iraqi political system".
To read more current and reliable Iraqi news please visit BondLady’s Corner:
Iraqi News Highlights Monday Afternoon 11-21-22
Iraqi News Highlights Monday Afternoon 11-21-22
Tlm724 Administrator Bondlady’s Corner
A Statement From The Central Bank Regarding The Launch Of The 20,000 Dinars Category
Money and business Economy News-Baghdad The Central Bank of Iraq announced that it is still too early to launch a currency of 20,000 dinars into circulation.
An official source in the bank said in a statement to the official newspaper, "The bank is still in the process of preparing to study, design, and the extent of the impact of that currency on Iraqi society," noting that it is too early to print it and release it for circulation during the next near stage.
Iraqi News Highlights Monday Afternoon 11-21-22
Tlm724 Administrator Bondlady’s Corner
A Statement From The Central Bank Regarding The Launch Of The 20,000 Dinars Category
Money and business Economy News-Baghdad The Central Bank of Iraq announced that it is still too early to launch a currency of 20,000 dinars into circulation.
An official source in the bank said in a statement to the official newspaper, "The bank is still in the process of preparing to study, design, and the extent of the impact of that currency on Iraqi society," noting that it is too early to print it and release it for circulation during the next near stage.
And he indicated that "the issuance of this paper will improve the national chain of banknotes, in addition to that it will add an intermediate category of banknotes, which will facilitate cash circulation among citizens."
The source confirmed that "no old cash categories will be withdrawn, and this category will be added to the rest of the categories with the aim of improving and enriching cash circulation."
And he pointed out that "the bank is in the process of understanding and agreeing with the discreet printing houses to choose the colors and security characteristics of the papers and other technical and procedural details." Views 174 Added 11/21/2022 - 9:48 AM Updated 11/21/2022 - 5:14 PM
https://economy-news.net/content.php?id=30923
Goldman Sachs Lowers Its Forecast For The Average Price Of Brent Crude To $100 A Barrel
Energy Economy News-Baghdad Goldman Sachs cut its forecast for the average price of Brent crude by $10 to $100 per barrel for the fourth quarter of this year.
Goldman Sachs attributed this reduction to the decline in demand due to the closures in China caused by the Corona pandemic.
The bank kept its forecast for the average Brent crude for 2023 at $110 a barrel.
Market Pulse How do companies in the region benefit from organizing the World Cup?
Goldman Sachs expected a decrease in Russian production by about 600 thousand barrels per day, warning that stocks may run out again in the first half of 2023 if OPEC + maintains current production quotas.
Fitch Solutions had expected the average Brent crude price to reach $102 this year, then drop to $95 in 2023 and then $85 in 2026.
The agency added that the downward revision of its forecast for the average price of Brent crude this year instead of its previous estimate of $105 per barrel reflects the decline in prices recorded in recent months, a decline in market sentiment and a deteriorating macroeconomic environment.
Views 159 Added 11/21/2022 - 1:54 PM Updated 11/21/2022 - 5:19 PM
https://economy-news.net/content.php?id=30929
Oil Prices Are Nearing Their Lowest Levels In Two Months
Economie| 08:33 - 11/21/2022 Follow-up - Mawazine News Oil prices fell near their lowest levels in two months, as supply concerns eased, while concerns about China's fuel demand and rising interest rates raised prices.
Brent crude futures for January fell 88 cents, or 1 percent, to $86.74 a barrel by 0403 GMT, after settling at their lowest since September 27. US West Texas Intermediate (WTI) crude futures for December were at $79.18 a barrel, down 90 cents. https://www.mawazin.net/Details.aspx?jimare=211901
The House Of Representatives Adjourns Its Session And Decides To Hold Another Closed Session Tomorrow To Discuss “Preserving Iraq’s Sovereignty.”
Political | 03:44 - 11/21/2022 Baghdad - Mawazine News , the House of Representatives adjourned, on Monday, its session until tomorrow, Tuesday.
"The Presidency of the House of Representatives has adjourned the parliament's session to tomorrow, Tuesday," the House of Representatives media department said in a statement, which Mawazine News received a copy of.
The media department published the agenda of the Council's session for tomorrow, which included discussing the issue of preserving Iraq's sovereignty. Ended 29 / h
https://www.mawazin.net/Details.aspx?jimare=211958
UNAMI calls for stopping the violation of Iraqi sovereignty and the regional government confirms that The Iranian Violations Are Unjustified
Today, Monday, the United Nations Mission in Iraq called for an end to the violation of Iraqi sovereignty.
"The repeated attacks that violate Iraqi sovereignty must stop," the UN mission said in a tweet on its Twitter account, noting that "such aggression not only recklessly increases tensions, but also causes tragedy."
"Whatever external scores a neighboring country seeks to settle, using established diplomatic tools is the only way forward," he added.
Today, the headquarters of Iranian opposition parties were subjected to missile strikes inside the Kurdistan region.
Today, Monday, the Kurdistan Regional Government issued a statement condemning in the strongest terms the attack carried out by Iran with missiles and drones in the region.
The government said in a statement that it condemns in the strongest terms the attack launched by the Islamic Republic of Iran last night on the Kurdistan Region, adding that the repeated Iranian violations affecting the sovereignty of Iraq and the Kurdistan Region of Iraq are unjustified, and constitute a flagrant violation of international norms and good-neighborly relations.
The regional government called on Iran to stop this campaign against the Kurdistan Region, stressing that stability will not be achieved through violence at all.
Thaer Mokhif Dr. For / Nina /: Important Laws In Parliament Are Currently Postponed
Monday 21 November 2022 10:15 | political Number of readings: 266 Baghdad / NINA / - A member of the coordination framework, representative of the State of Law Coalition, Thaer Makhaif, confirmed: "The important laws in Parliament are currently postponed."
Makhaif said in a statement to the National Iraqi News Agency / NINA /: "Dozens of draft laws are on the shelves of parliamentary committees awaiting the first reading and discussion, and they are rounded from previous parliamentary sessions and need quick approval."
He explained: "Controversial laws such as oil and gas, general amnesty, amending accountability and justice, and other important laws are postponed until a political agreement is reached. This matter may take several months."
He pointed out: "Parliament is currently seeking to name the heads of parliamentary committees in originality, and then move towards approving important laws."/ End
https://ninanews.com/Website/News/Details?Key=1015314
Us Ambassador: Iranian Attacks On Iraq Must Stop
Monday, November 21, 2022 2:48 PM Baghdad / National News Center Today, Monday, the US ambassador to Baghdad stressed that the Iranian attacks on Iraq must stop.
And the ambassador said in a blog followed by the National News Center: “Last night, we witnessed another Iranian violation of Iraqi sovereignty, adding that the missile attacks and marches endanger innocent civilians and destroy the Iraqi infrastructure.”
"These irresponsible attacks on the Kurdistan region of Iraq must stop," the ambassador stressed.
The Dollar Rises In The Iraqi Market
Economie| 09:59 - 11/21/2022 Baghdad - Mawazine News The exchange rates of the dollar rose today, Monday, on the local stock exchange. Selling price: 148,450 dinars per 100 dollars Buying price: 148,350 dinars per 100 dollars https://www.mawazin.net/Details.aspx?jimare=211911
To read more current and reliable Iraqi news please visit BondLady’s Corner:
Some "Monday News" Posted by Samson at KTFA 11-21-2022
KTFA:
With the document.. the issuance of an arrest warrant against the former Minister of Commerce
11/21/2022 14:19:31
The Baghdad / Al-Karkh First Investigation Court issued an arrest and investigation warrant against the former Minister of Trade, Alaa Al-Jubouri. LINK
KTFA:
With the document.. the issuance of an arrest warrant against the former Minister of Commerce
11/21/2022 14:19:31
The Baghdad / Al-Karkh First Investigation Court issued an arrest and investigation warrant against the former Minister of Trade, Alaa Al-Jubouri. LINK
Samson: After Jordan.. the Sudanese to Kuwait and France
21st November, 2022
The Prime Minister, Muhammad Shia'a Al-Sudani, is visiting Kuwait and France, after a scheduled visit to Jordan, which he will start on Monday, in his first foreign station.
A government source told Shafaq News agency that the visit to Kuwait and France will follow the visit to Jordan in a few days.
He pointed out that the visits will discuss cooperation with Iraq to recover the wanted persons and the money smuggled outside the country. LINK
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Samson: Iraq is the second country in the world with the least working hours per week
21st November, 2022
The International Labor Organization (ILO) issued, on Monday, a list of countries with the lowest working hours per week, including Iraq for the current year.
According to the list seen by Shafaq News Agency, it is shown that worldwide, the average working week can range from less than 40 hours to nearly 50 hours.
High-income or developed countries that place a cultural emphasis on work-life balance, leisure time, and family generally have shorter official work weeks (some as low as four days) and more days off.
Countries with longer operating weeks, fewer worker protections, and fewer amenities are often classified as "hard working countries," but they also tend to have less happy and possibly burnout publics.
According to the report of the International Labor Organization, there are 36 countries that are among the countries that have the shortest working weeks in hours, which are set between 29 hours to 36 hours, and Australia came with the least country in the world in the number of working hours per week, reaching only 29 hours per week, followed by Iraq and the Netherlands And Micronesia (consisting of islands in the Pacific Ocean) with 30 hours per week, followed by Somalia, Rwanda and Kazakhstan with 31 hours per week, Djibouti with 32 hours per week, and Norway, the United Kingdom and Austria with 33 hours per week.
As for the countries that have the longest working weeks in hours, which ranged from 54 to 47 hours, they included Mauritania and Tanzania with 54 hours per week, followed by Egypt with 53 hours, Bangladesh, Senegal and Gambia with 51 hours, Qatar and Burkina Faso with 50 hours, Cambodia and Pakistan with 49 hours, and Jordan and Lebanon with 48 hours. hour. LINK
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Samson: Parliamentary Finance: The 2023 budget will amount to 130 trillion dinars, with a deficit of about 25%
21st November, 2022
Member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, suggested on Monday that the Iraqi government will send the draft budget law for the year 2023 within the next two weeks, noting that the budget ceiling may reach 130 trillion dinars, with a deficit rate of less than 25%.
Al-Dulaimi told Shafaq News agency, "The general budget law, according to the Financial Management Law, is sent in mid-October to the Parliament, and the Parliament and the Parliamentary Finance Committee can make amendments to the law and approve it within a maximum period of two months."
And she emphasized that "the draft budget law has been studied in the Ministry of Finance, but it has not yet been presented to the Council of Ministers, which in turn sends it to the House of Representatives for a vote."
And she indicated that "the price of a barrel of oil currently ranges between 85 to 87 dollars, but we do not know the exact price in the budget law, and that the real price of a barrel of oil will be determined when the draft budget law reaches the House of Representatives, and through previous experiences we usually set the lowest prices for a barrel of oil despite from the continued rise in global oil prices.
Al-Dulaimi expected that "the draft budget law will be presented to the Council of Ministers within 15 days, after which it will be sent to the House of Representatives, and the budget may be approved in Parliament during January of the year 2023."
It also suggested that "the total amount of the budget law will range between 128 to 130 trillion dinars, and the deficit rate we believe is less than 25% of the total amount."
It is noteworthy that the financial budget for the current year 2022 was not approved by the Council of Ministers and the House of Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the security forces, which claimed lives. Dozens and hundreds injured.
After the end of the crisis, with the agreement of the political blocs to elect the President of the Republic and to grant confidence to the government of Prime Minister Muhammad Shia’a al-Sudani, the latter pledged that he would present the draft federal budget law for the year 2023 as soon as possible. LINK
Samson: After the Iranian and Turkish "attacks"...the Iraqi parliament will discuss tomorrow "preserving sovereignty" in a "closed session"
21st November, 2022
The Iraqi Parliament will hold, tomorrow, Tuesday, a closed session to discuss the "attacks" on Kurdistan Region and the violation of Iraq's sovereignty.
A member of the Iraqi parliament, Briar Rashid, told Shafaq News agency, "The Iraqi parliament will meet tomorrow to discuss the violation of Iraqi sovereignty and the attacks by Turkey and Iran on the Kurdistan region." "The meeting will be closed," he said.
According to the agenda of tomorrow's session, Parliament will discuss one issue, which is "preserving Iraq's sovereignty in a closed session."
And security sources revealed to Shafaq News agency, at dawn on Monday, that the capital, Erbil, and the Koysanjak district were subjected to missile strikes targeting the headquarters of opposition parties, and an Iranian refugee camp.
Earlier today, Monday, Turkish President Recep Tayyip Erdogan hinted at a ground military operation in northern Syria and Iraq. Erdogan said, in statements followed by Shafaq News Agency, "The military air operation that we carried out in northern Syria and Iraq will not be limited to air strikes." He added, "We will hold discussions about the participation of ground forces in the military operation in northern Syria and Iraq."
And at dawn yesterday, Sunday, the Turkish Ministry of Defense announced that its fighters had carried out air strikes on the strongholds of the Kurdistan Workers Party (PKK) and the local wings loyal to it in northern Syria and Iraq.
The ministry stated, "The operation aims to ensure border security, prevent any terrorist attacks targeting the Turkish people and security forces, and eradicate terrorism from its roots, by neutralizing terrorist organizations (BKK/KGK/YPG) and others." LINK
More Iraqi News Highlights Late Sunday Evening 11-20-22
More Iraqi News Highlights Late Sunday Evening 11-20-22
Tlm724 Administrator Bondlady’s Corner
Foreign Minister To An American Delegation: We Reject The Use Of Iraqi Lands As A Headquarters To Threaten Neighboring Countries
Political | 04:24 - 11/20/2022 Baghdad - Mawazine News Foreign Minister Fouad Hussein affirmed, on Sunday, that Iraq is moving towards openness to all countries, especially the Gulf countries, while stressing that Iraqi lands should not be used as a headquarters or a passage to threaten the security of neighboring countries.
More Iraqi News Highlights Late Sunday Evening 11-20-22
Tlm724 Administrator Bondlady’s Corner
Foreign Minister To An American Delegation: We Reject The Use Of Iraqi Lands As A Headquarters To Threaten Neighboring Countries
Political | 04:24 - 11/20/2022 Baghdad - Mawazine News Foreign Minister Fouad Hussein affirmed, on Sunday, that Iraq is moving towards openness to all countries, especially the Gulf countries, while stressing that Iraqi lands should not be used as a headquarters or a passage to threaten the security of neighboring countries.
The Iraqi Foreign Ministry stated, in a statement that Mawazine News received a copy of, that "its minister met with an American delegation that included Barbara A. Leaf, Assistant Secretary of State for Near Eastern Affairs, Colin Kahl, Undersecretary of the Ministry of Defense, and Brett McGurk, White House Coordinator for the Middle East and North Africa.
Gershom Sachs, Policy Adviser to the National Security Council, Roland McKay, Director of Gulf Affairs at the National Security Council, and David Maher, Political Officer at the US Embassy in Manama, on the sidelines of the Manama Dialogue 18 meetings, which are taking place in the Bahraini capital, Manama.
She added, "During the meeting, the importance of strengthening relations between Iraq and the United States of America and developing them in various fields was emphasized, and the two sides discussed mutual commitment to the strategic framework agreement between the two countries and common interests in preserving Iraq's security, stability and sovereignty."
The minister stressed, "Iraq is moving towards openness to all countries, especially to the countries of the Gulf Cooperation Council, and the conclusion of balanced relations based on achieving common interests, preserving sovereignty, and non-interference in internal affairs," adding that there are mutual visit meetings, and we invited them to attend the "conference." Baghdad for Cooperation and Partnership "in its second edition to be held in Amman".
For their part, the American delegation affirmed the United States' keenness to work with the government and people of Iraq in increasing economic opportunities, enhancing Iraq's independence in the field of energy and addressing the climate crisis, renewing the commitment of the American government to support Iraq in its war against the terrorist gangs of ISIS and to defeat them. Ended 29/h
https://www.mawazin.net/Details.aspx?jimare=211853
Al-Rafidain: We Seek To Simplify Banking Procedures And Introduce Modern Technology
Political | 03:42 - 11/20/2022 Baghdad - Mawazine News Al-Rafidain Bank confirmed, on Sunday, its endeavor to simplify banking procedures and introduce modern technology.
The bank stated in a statement, which Mawazine News received a copy of, that "General Director of Al-Rafidain Bank, Muhammad Samir, received General Manager of Al-Rashid Bank, Bassem Abd Ali Youssef, and during the meeting, they discussed the mechanisms of joint cooperation between the two sides with regard to banking work and its development."
The two sides stressed, according to the statement, "keeping pace with modern banking technology and advancing the banking sector in the country, which will reflect positively on the growth of the national economy."
Muhammad Samir stressed, "The need to improve the level of service performance provided to citizens and simplify banking procedures and facilities in line with the ministry's directives in overcoming all obstacles and routine procedures that would impede the completion of transactions." Ended 29 / H
The Thieves Of Public Money .. Enjoy Influence And Must Be Sentenced To The Most Severe Penalties
Hamza Al-Jawahiry to / Nina /: Sunday 20 November 2022 13:39 | GeneralNumber of readings: 228
Baghdad / NINA / - The oil expert, Hamza Al-Jawahiry, affirmed: The thieves of public money enjoy influence, and they must be sentenced to the maximum penalties.
He told the National Iraqi News Agency / NINA /: It is not enough to issue prison sentences against those who are proven to have stolen public money and then smuggled it, pointing out the importance of the ruling also includes everyone who stands behind them, who helps them and covers them up, and who participated with them in concealing their crimes as soon as possible.
And he stressed: The implementation of the rulings with these people is a good start for fighting corruption, and the concerned agencies should expedite the arrest of the thieves of public money and not leave them free to move freely and enjoy influence and the power of the stolen money./ End 3
https://ninanews.com/Website/News/Details?Key=1015159
The Iraqi Banks Association signs an agreement with the governorate of Erbil
Posted On2022-11-20 By Sotaliraq The Iraqi Private Banks Association concluded an agreement with the Erbil Governorate to rehabilitate (Park Shar) by the Community Initiatives Fund (Tamkeen), which is supervised by the Central Bank, and the Iraqi Private Banks Association.
It was signed by the Iraqi Private Banks Association, the director of the regional branch, Muhammad Munther Al-Handal, and as for the governorate of Erbil, the director of landscaping in Erbil, Rebin Ahmed Hweiz.
The signing ceremony was attended by the Director General of the Central Bank of Erbil branch, Mr. Kazem Namiq, and a number of directors of Iraqi private banks. LINK
Al-Rasheed Announces The Launch Of The Electronic Secured Documents System
local| 02:21 - 11/20/2022 Baghdad - Mawazine News Rasheed Bank announced today, Sunday, the cancellation of breast health transactions.
A statement of the bank, a copy of which Mawazine News received, stated that "the bank has started working with the electronic secured documents system, the national project to cancel breast health transactions," noting that "this came in accordance with the directives of the General Secretariat of the Council of Ministers / Data Center."
The statement added, "This project eliminates all validity of manual issuance and is electronic through an electronic system between the bank and all departments," stressing that "this procedure will reduce routine and shorten the time for the citizen in all banking transactions." Ended 29 / m99
https://www.mawazin.net/Details.aspx?jimare=211838
A British Minister Confirms His Country's Commitment To Continue Supporting The Iraqi Government In Several Areas
Political | 03:14 - 11/20/2022 Baghdad - Mawazine News Deputy Prime Minister and Foreign Minister Fouad Hassan stressed, on Sunday, the need to activate Iraqi-British relations at various levels.
The ministry stated in a statement, which Mawazine News received a copy of, that "Hussein met his British counterpart, James Cleverly, on the sidelines of the 18th Manama Dialogue meetings, which are taking place in the Bahraini capital, Manama. During the meeting, they discussed ways to improve bilateral relations between the two countries, and the importance of consultation on issues. of common interest, Iraq's pioneering role in the region, and its efforts in combating terrorism.
The Deputy Prime Minister and Minister of Foreign Affairs stressed, according to the statement, "the need to activate Iraqi-British relations at various levels, including (economic and financial)," calling on British investment companies to "invest in Iraq."
He praised, "the financial stability that our country is going through at the present time, and the discussion of the status of investment companies in Basra."
The two sides stressed the importance of continuing efforts to combat terrorist organizations, because they pose a threat to security and stability in Iraq and the region.
For his part, the British Foreign Minister affirmed the British government's commitment to continue supporting the Iraqi government in the economic, security, combating terrorism, and in the areas of renewable energy, investment and combating the effects of climate change, expressing his government's desire to raise the pace of bilateral relations between the two countries and develop them in a way that serves common interests. https://www.mawazin.net/Details.aspx?jimare=211844
The Fund For The Recovery Of Funds Is Talking About The Return Of About 200 Million Dollars From Abroad
Politics / yesterday, 16:18 |Baghdad today-Baghdad The deputy chairman of the money Recovery Fund, Moataz Abbasi, spoke on Sunday about the return of about 200 million dollars from abroad, which is equivalent to about 8% of the frozen funds.
Abbasi said in a press statement followed by (Baghdad Today): "we aim to recover the Financial Rights obtained by others from Iraqis and foreigners".
He added: "We can use specialists to recover Iraqi funds,"
pointing to the possibility of installment of the amounts agreed to be recovered.
He pointed to "efforts to conclude international agreements to recover Iraq's money," noting that
"the exemption of our collaborators from the amounts owed to them amounts to( 5) million dollars.
He warned that "the reward for the informant amounts to (5) million dollars of the recovered money," adding:
"over the past recent period, we have been able to recover more than 185 million dollars from three countries and 11 million euros from Spain. https://baghdadtoday.news/205026-صندوق-استرداد-الأموال-يتحدث-عن-إعادة-قرابة-200-مليون-دولار-من-الخارج.html
Deputy Reveals The Reason For The Decline In Sales Of The Central Bank
Information /private.. The deputy of the state of Law coalition, Mohammed Al-Shammari, on Sunday
attributed the decrease in the central bank's sales of dollars at the currency auction to the new government's control over currency smuggling and money laundering.
"The decrease in the central bank's sales of dollars at the currency auction occurred after the control of all the money that was entering the smuggling and laundering field," Al-Shammari said in an interview with Al-Malouma, stressing that
"the Sudanese started right by standing up to all those who were making profits from the sale of hard currency in very high amounts, especially in the recent period.
"The features of the product of the work of the new government began to appear through a number of files that were processed in the period after the previous caretaker government," he added.
He pointed out that "there are many officials who have been dismissed or held accountable for all the files that were hacked in the caretaker government headed by Mustafa al-Kazemi".
The Economist Abdul Rahman al-Mashhadani, had spoken earlier to / information/, that
"private banks are the only beneficiaries of the sale of the central bank by smuggling hard currency out of Iraq.
The leader of the state of Law Coalition, Ibrahim al-sakini, had spoken earlier to/ information/, that
"the goal of the change in positions is not to repeat the mistakes and violations that occurred in the previous caretaker government," pointing out that
"state institutions, departments and ministries need a revolution in changing positions at the senior level
https://almaalomah.me/news/economy/نائب-يكشف-سبب-انخفاض-مبيعات-البنك-المركزي
To read more current and reliable Iraqi news please visit BondLady’s Corner:
News, Rumors and Opinions Monday AM 11-21-2022
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 21 Nov. 2022
Compiled Mon. 21 Nov. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
On Thurs.17 Nov. the BRICS Nations of Brazil, Russia, India, China and South Africa portals were activated on the Quantum Financial System. …Charlie Ward
That meant the US Dollar and UK Euro now had Zero value, but were being held up artificially on the Market so as to not cause chaos.
Sat. 19 Nov. MarkZ: “Redemption Center contacts are on call for the weekend and will spend a few hours at work Sunday afternoon. My contacts expect a very busy week beginning early in the week. There is a whole lot of chatter right now for Iraq and this weekend AND for Monday for us to start exchanges.”
RV Excerpts and Rumors from the Restored Republic via a GCR: Update as of Mon. 21 Nov. 2022
Compiled Mon. 21 Nov. 2022 12:01 am EST by Judy Byington
Global Currency Reset:
On Thurs.17 Nov. the BRICS Nations of Brazil, Russia, India, China and South Africa portals were activated on the Quantum Financial System. …Charlie Ward
That meant the US Dollar and UK Euro now had Zero value, but were being held up artificially on the Market so as to not cause chaos.
Sat. 19 Nov. MarkZ: “Redemption Center contacts are on call for the weekend and will spend a few hours at work Sunday afternoon. My contacts expect a very busy week beginning early in the week. There is a whole lot of chatter right now for Iraq and this weekend AND for Monday for us to start exchanges.”
Thurs. 17 Nov. Bruce: “We are hearing from two or three different sources that the weekend should be good for us – in terms of notifications, which makes Monday /Tuesday 21, 22 Nov. looking good for exchanges. Redemption Center Staff were on call as of Fri. noon and through the weekend to start appointments on Mon-Tues. 21, 22. Last Tues. 15 Nov. they began redemption of boxes of Zim Sheet Bonds in Zurich and Miami.”
A Private Banker said that his US Treasury Contact informed Bank of America that Gold and Gold-backed assets opening day was on Fri. 11 Nov. German and Yellow Dragon Bond liquidity would soon follow, with the redemption process beginning in Miami, Zurich and the Philippines this last week.
The Real News for Sun. 20 Nov. 2022:
The FTX Crypto Currency Mess is worse than you think: https://youtu.be/20BEJouWBgY
Military worldwide waiting for the “GO”. Several channels share a 4-minute voice message from Alex Collier Sat. 19 Nov. 2022: https://t.me/SpecialQForces/54997
It will all happen at the same time – it is hours, if not days away.
It’s all synchronized with each other and they’re all talking to each other. I want you to know that we are talking about a period of a few hours to a few days. And when it happens, it happens very quickly.
Once it starts and the “go” comes, the military will act under martial law to protect the citizens of the cities of the respective countries. To protect also the borders but above all the citizens of their own country.
This will happen worldwide at the same time. He (Alex) is not quite sure how it will be in the UK because he has no information there.
Global Financial Crisis:
BQQQQQQQM Breaking Report from former Blackrock Employee: The global fiat currencies are about to fail! If this collapse is imminent, it just means one thing from my perspective. The RV is right around the corner. RV stands for the Re-Valuation of the current currencies. This is the birthing of a new financial system on the horizon. The new currency will be backed by gold. No more inflations and no more making money from thin air. I can’t wait for this to happen. What an exciting time to be living in.
FTX Reveals Top 50 Creditors Are Owed $3.1 Billion, Seeks To Keep Their Names Confidential: https://www.zerohedge.com/markets/ftx-reveals-top-50-creditors-are-owed-31-billion-seeks-keep-their-names-confidential
China Shut Down the US From Weaponizing the Dollar: China Shuts Down the US From Weaponizing the Dollar For Global Dominance — Dinar Recaps https://www.youtube.com/watch?v=xVbJkzCnpOk
Read full post here: https://dinarchronicles.com/2022/11/21/restored-republic-via-a-gcr-update-as-of-november-21-2022/
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Courtesy of Dinar Guru
Frank26 Question: "Are they going to show us the rate before the budget?" They can. I don't think it's smart...they are but only to the parliament and the cabinet.
MarkZ [via PDK] They expect the 2023 Iraqi budget by the end of this month or early in Dec. We were told by many sources in Iraq that they expect the new value of the dinar by the CBI before the new budget. This gives us a very short window. I think it’s good news and gives us something to look for. In the last week they have told us that now it falls totally with the CBI. The government has told us they need the new rate for the new budget. I think we are looking at the magical confluence of events to see the value change of at least the Iraqi dinar if not the entire reset.
The World Is Dumping US Debt - (What's It Mean For Gold & Silver?)
Smart Silver Stacker: 11-21-2022
This week the US Treasury has released data that shows foreign levels of US Debt holdings have dropped to the lowest level in over a year. Between August & September alone, foreign nations dumped more than $200 billion worth of US treasuries. If this trend continues, there is the risk of a US debt crisis, with cascading selling & spiking costs of borrowing. In this scenario, the Fed will likely intervene and save the bond market, but at the risk of creating massive levels of inflation.
What BRICS Expansion Means For The Petrodollar, Inflation & Silver
Smart Silver Stacker: 11-14-2022
BRICS is expanding. According to Russian foreign minister Sergey Lavrov, 12 new countries have plans to join BRICS.
Most notable, this list includes the world's largest exporter of crude oil, Saudi Arabia. The expansion of BRICS threatens US hegemony on many fronts, but none more so than the risk posed to the petrodollar system, a fundamental underpinning of the US Dollar's status as the world's sole reserve currency.
At a time when US-Saudi relations are at an all time low, Saudi Arabia's pivot toward Asia is unmistakable.
"Tidbits From TNT" Monday Morning 11-21-2022
TNT:
CandyKisses: Goldman Sachs lowers its forecast for the average price of Brent crude to $100 a barrel
Goldman Sachs cut its forecast for the average price of Brent crude by $10 to $100 per barrel for the fourth quarter of this year
Goldman Sachs attributed this reduction to the decline in demand due to the closures in China caused by the Corona pandemic
The bank kept its forecast for the average Brent crude for 2023 at $110 a barrel
Goldman Sachs expected a decrease in Russian production by about 600 thousand barrels per day, warning that stocks may run out again in the first half of 2023 if OPEC + maintains current production quotas
TNT:
CandyKisses: Goldman Sachs lowers its forecast for the average price of Brent crude to $100 a barrel
Goldman Sachs cut its forecast for the average price of Brent crude by $10 to $100 per barrel for the fourth quarter of this year
Goldman Sachs attributed this reduction to the decline in demand due to the closures in China caused by the Corona pandemic
The bank kept its forecast for the average Brent crude for 2023 at $110 a barrel
Goldman Sachs expected a decrease in Russian production by about 600 thousand barrels per day, warning that stocks may run out again in the first half of 2023 if OPEC + maintains current production quotas
Fitch Solutions had expected the average Brent crude price to reach $102 this year, then drop to $95 in 2023 and then $85 in 2026
The agency added that the downward revision of its forecast for the average price of Brent crude this year instead of its previous estimate of $105 per barrel reflects the decline in prices recorded in recent months, a decline in market sentiment and a deteriorating macroeconomic environment
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Tishwash: About $100 billion Iraqi oil revenues in 10 months
The Iraqi oil revenues from the crude oil that was exported during the ten months of the current year 2022 amounted to about $100 billion.
According to the statistics of "SOMO" company, seen by Shafaq News agency, "the revenues of the Iraqi oil source during the first ten months of the current year 2022 amounted to 99 billion 646 million 786 thousand 336 dollars, at a monthly rate of 9 billion 964 million 678 million 633 dollars."
And she added, "These revenues increased from last year 2021 by 65 percent, as the financial revenues amounted to 60 billion, 648 million, 11 thousand, 368 dollars, at a rate of 6 billion, 64 million, 801 thousand and 136 dollars."
And she indicated that "the month of May of the current year 2022 witnessed the highest financial revenue from oil sales, amounting to 11 billion, 477 million, 514 thousand and 4 dollars, while the month of January was the lowest month in terms of revenues, as it amounted to 8 billion and 322 million 679 thousand and 526 dollars." .
Iraq relies 96 percent on oil revenues in its general budget, and the previous government was subjected to great pressures with its inability to pay employee salaries and other operating expenses as a result of the drop in oil prices below $30 a barrel at the beginning of 2020 with the spread of Covid-19 disease before it returned. Prices to go up again. link
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Samson: Parliamentary Finance: The 2023 budget will amount to 130 trillion dinars, with a deficit of about 25%
Member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, suggested on Monday that the Iraqi government will send the draft budget law for the year 2023 within the next two weeks, noting that the budget ceiling may reach 130 trillion dinars, with a deficit rate of less than 25%.
Al-Dulaimi told Shafaq News agency, "The general budget law, according to the Financial Management Law, is sent in mid-October to the Parliament, and the Parliament and the Parliamentary Finance Committee can make amendments to the law and approve it within a maximum period of two months."
And she emphasized that "the draft budget law has been studied in the Ministry of Finance, but it has not yet been presented to the Council of Ministers, which in turn sends it to the House of Representatives for a vote."
And she indicated that "the price of a barrel of oil currently ranges between 85 to 87 dollars, but we do not know the exact price in the budget law, and that the real price of a barrel of oil will be determined when the draft budget law reaches the House of Representatives, and through previous experiences we usually set the lowest prices for a barrel of oil despite from the continued rise in global oil prices.
Al-Dulaimi expected that "the draft budget law will be presented to the Council of Ministers within 15 days, after which it will be sent to the House of Representatives, and the budget may be approved in Parliament during January of the year 2023."
It also suggested that "the total amount of the budget law will range between 128 to 130 trillion dinars, and the deficit rate we believe is less than 25% of the total amount."
It is noteworthy that the financial budget for the current year 2022 was not approved by the Council of Ministers and the House of Representatives due to the turmoil that Iraq witnessed after the early elections in October 2021, which escalated to dangerous levels that ended with the events of the Green Zone, with armed confrontations between supporters of the Sadrist movement and the security forces, which claimed lives. Dozens and hundreds injured.
After the end of the crisis, with the agreement of the political blocs to elect the President of the Republic and to grant confidence to the government of Prime Minister Muhammad Shia’a al-Sudani, the latter pledged that he would present the draft federal budget law for the year 2023 as soon as possible. link
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CandyKisses: Expert: The international community has called for cooperation with Iraq and previous mistakes can be corrected
{Politics: Al Furat News} Anti-corruption expert Saad Yassin confirmed today, Sunday, that the international community called for cooperation with Iraq, stressing at the same time the possibility of correcting previous mistakes in combating corruption.
"The international community has called on countries, including Switzerland, to cooperate with Iraq," Yassin told the "Alam al-Mustarah" program on Al-Furat TV channel, noting that "the recovery fund operates according to the pre-2003 money recovery law."
He pointed out that "the law requires institutions to file lawsuits to determine the extent of corruption damage," explaining that "the Anti-Corruption Commission formed is part of the Integrity Commission."
He pointed out that "the Anti-Corruption Support Authority undertakes the implementation of arrest and recruitment orders," stressing the possibility of "rectifying previous mistakes that occurred in the fight against corruption."
He added, "There are clear havens for large sums looted from the country, and some of these funds have become part of the economies of some countries," noting that "the judiciary can freeze, seize, and recover funds for corruption at home."
He continued, "There are differences between the concepts and legal mechanisms in Iraq and other countries," stressing that "most of the recovered money is for crimes before 2003."
Mot: ... Remember - When this Was a ~~~~~
Mot: .... just one Question comes to Mind whiile Helping little Freddie math problem
Iraqi News Highlights Sunday Afternoon 11-20-22
Iraqi News Highlights Sunday Afternoon 11-20-22
Tlm724 Administrator Bondlady’s Corner
An Expert Reveals 3 Reasons Why The 2023 Budget Will Be The Best In 20 Years
Politics | yesterday, 19:52 | Baghdad today-Baghdad Economist Nasser Al-Kenani said on Sunday that the 2023 budget will be the best budget since 2003 until next year for several reasons.
"One of the most important reasons why the budget is the best is the presence of a modern government born after hard labor for a year," al-Kinani said in a statement to(Baghdad Today), explaining that "the prime minister is betting on providing the best of the tender in all areas of reform and service and addressing all the failures of the past years.
Iraqi News Highlights Sunday Afternoon 11-20-22
Tlm724 Administrator Bondlady’s Corner
An Expert Reveals 3 Reasons Why The 2023 Budget Will Be The Best In 20 Years
Politics | yesterday, 19:52 | Baghdad today-Baghdad Economist Nasser Al-Kenani said on Sunday that the 2023 budget will be the best budget since 2003 until next year for several reasons.
"One of the most important reasons why the budget is the best is the presence of a modern government born after hard labor for a year," al-Kinani said in a statement to(Baghdad Today), explaining that "the prime minister is betting on providing the best of the tender in all areas of reform and service and addressing all the failures of the past years.
"The second reason is to achieve oil revenues estimated at 120 billion dollars in addition to other revenues estimated at 30 billion dollars,"he added.
"The third reason is to reduce the salaries and allocations of the three presidencies and try to eliminate corruption in all parts of the State,"al-Kinani said.
https://baghdadtoday.news/205040-خبير-يكشف-عن-3-أسباب-ستجعل-موازنة-2023-هي-الأفضل-منذ-20-عامًا.html
Approving Oil And Gas Within 7 Months.. Approving Oil And Gas Within 7 Months
Posted On2022-11-20 By Sotaliraq Baghdad / Hussein Hatem The Baghdad government is awaiting the visit of the delegation of the Kurdistan Regional Government, to discuss several files, on top of which is what came within the ministerial curriculum of Prime Minister Muhammad Shia'a al-Sudani.
The delegation has not yet set a date for its visit to the capital, Baghdad, which is supposed to discuss the share of the Kurdistan region in the 2023 budget, the entitlements of the Peshmerga, Article 140 of the Constitution, and the Sinjar Agreement.
The representative of the Kurdistan Democratic Party, Sherif Suleiman, says, "The Kurdish delegation has not set a date for its visit to the capital, Baghdad, until now, and it is still waiting for the necessary arrangements to be made."
Suleiman added, "The Kurdish delegation will discuss many files, the most important of which is what was included in the ministerial curriculum of the head of the federal government, Muhammad Shia'a al-Sudani."
He pointed out, "Among the files that the Kurdish delegation will discuss is the share of the Kurdistan region in the 2023 budget, the entitlements of the Peshmerga, Article 140 of the Constitution, and the Sinjar Agreement."
Suleiman pointed out, "The central government and the Kurdistan government are committed to developing appropriate solutions to the outstanding issues between them, and the Kurdish delegation will arrive soon, and there are some procedures that are currently being worked on in preparation for the visit."
He continued, "The share of the Kurdistan region in the 2023 budget is determined by the population percentage, and we hope that it will be fair and suitable for everyone," pointing out that "the oil file in the region will be decided by the legislation of the oil and gas law, and the political agreement prior to the formation of the government provided for the completion of its legislation during a period ranging from 3-7 months from the date of formation of the government.
The Kurdistan government announced the formation of a committee to negotiate with the federal government regarding the implementation of the ministerial curriculum.
Prime Minister Masrour Barzani said, in a tweet, that “it was decided at the cabinet meeting (in the region) that the negotiating delegation with the federal government would consist of: the Minister of Finance, the Acting Minister of Natural Resources, the Minister of Planning, the Chief of Staff of the Council of Ministers, and a secretary.” Council of Ministers".
He added, “They were also instructed to start negotiations within the framework of constitutional rights and cabinet decisions regarding outstanding issues as soon as possible, and they confirmed the implementation of the federal government’s agenda and the political agreement voted on in the House of Representatives.”
Likewise, the regional government announced that the agreement concluded between the political blocs that resulted in the formation of the current federal government headed by Prime Minister Muhammad Shia al-Sudani stipulates the enactment of three important laws, most notably the oil and gas law, within a maximum period of 6 months.
A spokesman for the regional government, Jutiar Adel, said in a press conference last week, "The government had serious intentions to resolve the differences and outstanding issues with the federal government, especially during the ninth formation of the Kurdistan government," adding, "But, we were not able to resolve These differences, due to the many obstacles we faced.
He added, "We are still serious about resolving these differences," noting that "what will be discussed during the Kurdish delegation's visit to Baghdad are the files agreed upon by the political forces before forming the government."
Gutierre indicated that “some of these files are related to executive affairs, while others are related to legislative affairs,” noting that “the most important of these files are the budget, the issue of oil and gas and Article 140 of the Constitution, and that within the concluded political agreement, these The constitutional article must be implemented through the activation of its committee.
And he continued, “We also agreed with Baghdad to spend the budget and give the share of the Kurdistan region in accordance with the constitution,” explaining that “there is good coordination between the Office of Financial Supervision in the region and the Federal Office of Financial Supervision to solve financial problems between the two sides.”
He stressed that "the agreement concluded between the political blocs in Baghdad stipulates that the oil and gas law, the Federal Supreme Court law, and the Federal Service Council law will be legislated within a period of 6 months from the formation of the current federal government." In turn, the researcher on political affairs, Ali Al-Baydar, says, "The visit of the Kurdish delegation to Baghdad is necessary for it to be of a positive nature to resolve the crises between Baghdad and the Kurdistan region."
Al-Baider added, "The rapprochement between the federal ministries and the ministries of the region contributes greatly to addressing many outstanding problems between the two parties and issues of common concern."
The researcher in political affairs pointed out that "resorting to the option of diplomacy between the two parties is the best solution," noting that "Prime Minister Muhammad Shia' al-Sudani is serious about addressing the crises between the center and the region."
Al-Baydar pointed out that “some crises need more than one electoral cycle to address them,” noting that “the presence of desire and will facilitates the resolution of many issues.” Earlier, the Prime Minister, Muhammad Shia al-Sudani, confirmed that the constitution is the guarantor for resolving the contentious files between Baghdad and Erbil.
Al-Sudani said in a press conference, “There is a serious desire that we felt from the Kurdistan region, and this matter is also available to the government and political parties to confront these files professionally and with solutions that guarantee justice for all parties, especially since Baghdad and Erbil agree on the ceiling of the constitution to regulate this relationship.”
With regard to the draft oil and gas law, he explained that, “One of the most important solutions in this file (the relationship between Baghdad and Erbil), and our deliberations are continuing with the Ministry of Oil to prepare a draft law that will be subject to preliminary discussion with the regional government before it is presented to the Council of Ministers, and then sent to the House of Representatives.
He pointed out that “the budget file and its draft law entail obligations, and just as the Kurdistan region calls for rights, it has obligations, and these must be applied in accordance with the law and the constitution so that Baghdad can fulfill its financial obligations, whether they are in the budget law or in the rest of the entitlements.” LINK
Iraq's Oil Exports To America Decreased To 141 Thousand Barrels Per Day
Economie| 10:42 - 11/20/2022 Follow-up - Mawazine News The US Energy Information Administration announced, on Sunday, that it recorded a significant decrease in Iraq's oil exports to the United States, bringing the average to 141 thousand barrels per day during the past week.
The administration said in a report, "The average US imports of crude oil during the past week from nine countries amounted to 4.778 million barrels per day, down by 725 thousand barrels per day from the previous week, which amounted to 5.503 million barrels per day."
She added, "Iraq's oil exports to America amounted to an average of 141 thousand barrels per day last week, down from the previous week in which oil exports to America amounted to an average of 503 thousand barrels per day."
She also indicated that "most of America's oil revenues during the past week came from Canada at a rate of 3.076 million barrels per day, followed by Mexico at a rate of 528 thousand barrels per day, and oil revenues from Brazil amounted to an average of 307 thousand barrels per day, and then Saudi Arabia at a rate of 211 thousand barrels per day." ".
According to the administration, “the amount of US imports of crude oil from Nigeria amounted to an average of 181,000 barrels per day, from Colombia at a rate of 143,000 barrels per day, from Ecuador at a rate of 101,000 barrels per day, and from Libya at a rate of 90,000 barrels per day, while it did not import any quantity from Russia.” ". https://www.mawazin.net/Details.aspx?jimare=211815
Economist On Bank Loans: It Is Not Feasible For A Citizen And Their Interest Is High
19 November 19: 11 Information/ private.. Economist, Zia Al-Mohsen, on Saturday, considered the loans of state banks "not of economic feasibility" for citizens, while he stressed that the interest rate of loans may approach 56%.
"When an Iraqi citizen goes to borrow from banks, he is going to relieve himself, but we note especially the government, that the interest it imposes on citizens is approaching 56%, "Al-Mohsen said in an interview with Al-maalouma agency.
He added that "any citizen trying to get a loan of 10 million dinars, he must repay the amount of 16 million and 600 thousand Iraqi dinars, which is a large amount for citizens". The Economist explained that
"citizens resort to loans for two reasons, either to meet a consumer need or
go in the process of establishing a project to increase income, which may provide value to the Iraqi economy, and therefore
when he sees such ratios and interest for loans, he refrains from that loan. He pointed out that
"there are a number of obstacles, including guarantees guaranteeing the granting of loans to some categories, such as employees and associates, and the salary of the sponsor must be high," considering
these loans "are not economically feasible for citizens".
Government banks such as Rafidain, from time to time, launch many financial loans with different amounts of interest at high rates, which may reach half the amount that a citizen may receive
https://almaalomah.me/news/economy/اقتصادي-بشأن-قروض-المصارف:-ليست-مجدية-للمواطن-وفائدتها-عالية
To read more current and reliable Iraqi news please visit BondLady’s Corner:
News, Rumors and Humor Sunday PM 11-20-2022
KTFA:
Samson: Tomorrow.. The launch of the Iraq Building and Construction Exhibition, with wide international participation
20th November, 2022
An Iraqi company specialized in organizing international exhibitions announced, on Sunday, the completion of preparations for the launch of the Iraq Building, Construction and Infrastructure Exhibition on the Baghdad exhibition grounds, with the participation of more than 130 Iraqi, Arab and foreign companies.
"The exhibition will start tomorrow, Monday, from the 21st to the 24th of this month, with the participation of more than 130 companies specialized in the field of construction, construction," said the director of "Al Sorouh" company, Muhammad Salman Al-Enezi, to Shafaq News agency.
KTFA:
Samson: Tomorrow.. The launch of the Iraq Building and Construction Exhibition, with wide international participation
20th November, 2022
An Iraqi company specialized in organizing international exhibitions announced, on Sunday, the completion of preparations for the launch of the Iraq Building, Construction and Infrastructure Exhibition on the Baghdad exhibition grounds, with the participation of more than 130 Iraqi, Arab and foreign companies.
"The exhibition will start tomorrow, Monday, from the 21st to the 24th of this month, with the participation of more than 130 companies specialized in the field of construction, construction," said the director of "Al Sorouh" company, Muhammad Salman Al-Enezi, to Shafaq News agency.
And that "the exhibition will witness the display of everything related to building materials, decorations, modern construction technology, consultations, energy systems, machinery, industrial machinery, cement and concrete products, interior design services, and building and construction tools and supplies."
Al-Enezi pointed out, "The importance of holding such exhibitions, to support the state's sectors and the exchange of experiences and modern technology, in a way that contributes to the establishment of investment projects that serve the country in the fields of construction, construction and infrastructure."
He pointed out that "the participating companies compete through the products they offer that form the cornerstone of developing the infrastructure needed by the local market." LINK
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Samson: A parliamentarian accuses private banks of smuggling currency and money laundering
19th November, 20224
Saturday, the deputy of the State of Law coalition, Jassem Atwan, accused private banks of smuggling currency and money laundering in the previous period, calling on the new government to control the doors of currency smuggling out of Iraq.
Atwan said in an interview with "The Information", that "the currency smuggling file is controlled by the 75 private banks," stressing that "the improvement in the economic file starts from controlling the currency smuggling file in order to ensure an increase in the state's foreign reserves."
And he continued, "There are illegal practices that occurred in the recent period from private banks, through which currency was smuggled and money laundered."
He added, "Some private banks are working to weaken the value of the Iraqi dinar in order not to increase the cash reserves of foreign currency," noting that "the continuation of currency smuggling threatens the cash reserves and opens new doors for corruption that cannot be controlled in the future."
And earlier, the economic expert, Abd al-Rahman al-Mashhadani, said in an interview with Al-Maalouma, that "the Iraqi Central Bank selling huge numbers of dollars daily is very suspicious compared to the volume of Iraqi imports," stressing that "the only beneficiary from selling such numbers reached 200 million dollars a day are the private banks that benefit 20 cents from the dollar and one. LINK
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: There was a two hour program on our Channel 1 news...they said they did an oil exploration and it has confirmed Iraq is basically floating on oil. FRANK: NASA did aerial shots of the territory...and they were able to find out Iraq sits on a lake of oil bigger than Lake Michigan. Bigger than Lake Eire. The whole country is nothing but oil...everywhere you walk the oil squirts out of the sand...oil makes the world go round. Wow...that's one of the reasons why I invested in the Iraqi dinar...
Sandy Ingram Article: "30% trading volume increase in Iraq Stock Exchange in October 2022" ...the percentage of foreign shares in total trading volume increased from 8.2% in September to 11.3% in October. What this statement means is there was a lot more international money reaching the doorstep of Iraq other than the oil industry.
TNT:
RVAlready: At least, now, many major economists are admitting that fiat currencies and derivatives are the root of all evil, and the primary cause of the mess we are in. Took a long time for them to learn their lesson. Now it is too late. We need a total global currency reset.
Ulued: THEY.......don't want to let another trillion dollar Holiday to pass with out an RV....the UN may get things smoothed out ...alot of countries are desperate
Rojo: ulued Who is they?????????????
Yada: rojo, Believe "they" is the UN and US….the fact that the UN/US have been pushing Iraq to form a government and that wasn't the end of it. The needed them to form so they can go international and that mean a ReIssued dinar. With the value restored, all the countries who did currency swaps and holding dinar, will have the value of their currencies increase because of it.
Yada: and Iraq now has 90 billion in reserves? That is 90 billion in other currencies from around the world. So, increased dinar means greater value with the other currencies and with the greater value with the other currencies, means more value to support the dinar. Feeding off of each other.
9Ball: A little good news: The 2023 gift tax exemption will be 17,000 up 1,000 from this year. The lifetime estate exemption will be 12.92 million up from 12,06.
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Tishwash: For the first time in the history of the province, the opening of the Toyota agency branch in Kirkuk
The Governor of Kirkuk, Rakan Saeed Al-Jubouri, inaugurated the Toyota agency branch in Kirkuk for the first time in the province's history.
The governor delivered a speech in front of the audience, in which he stressed that the presence of Toyota with its staff, status and symbolism in Kirkuk is evidence that our province has become attractive and developed, and it came as a result of the stability, prosperity and security that it enjoys.. stressing that what the province is witnessing came with the plans of the administration and the one team and the solidarity and cooperation of all the components of Kirkuk
. Sardar said Al-Bibani, President of Toyota Iraq, said that with the opening of the branch today, we will have nine branches in Iraq, and they provide their services. Today, Toyota starts from Kirkuk because of the attractive environment it represents, and we work together towards the use of clean energy nk./
Mot: ... Yet Another - of Lifes Puzzling Moments! ~~~~
Mot: ... the Current Generation has Added - ""the 4th Monkey"" ~~
"Tidbits From TNT" Sunday Morning 11-20-2022
TNT:
CandyKisses: The government's financial advisor : Al-Sudani's decisions regarding corruption will reflect positively on the country's economy
The financial advisor to the government, Mazhar Muhammad Salih, affirmed: "The decisions and steps of Prime Minister Muhammad Shia'a Al-Sudani, to combat corruption, are correct decisions that will reflect positively on the country's economy."
Muhammad Salih said in a statement to the National Iraqi News Agency : "This government will have among its priorities (no development without combating corruption), and the issue of development and economic progress is linked to dismantling corruption, which is deliberately sabotaging the future of the country's economy."
He added: "The government program, which was approved by the House of Representatives and has become an applicable document, is a first priority for the Prime Minister, who will establish a logistical support council for combating corruption, to accelerate and advance economic development as soon as possible."
TNT:
CandyKisses: The government's financial advisor : Al-Sudani's decisions regarding corruption will reflect positively on the country's economy
The financial advisor to the government, Mazhar Muhammad Salih, affirmed: "The decisions and steps of Prime Minister Muhammad Shia'a Al-Sudani, to combat corruption, are correct decisions that will reflect positively on the country's economy."
Muhammad Salih said in a statement to the National Iraqi News Agency : "This government will have among its priorities (no development without combating corruption), and the issue of development and economic progress is linked to dismantling corruption, which is deliberately sabotaging the future of the country's economy."
He added: "The government program, which was approved by the House of Representatives and has become an applicable document, is a first priority for the Prime Minister, who will establish a logistical support council for combating corruption, to accelerate and advance economic development as soon as possible."
Tishwash: Foreign Minister: The government continues at a steady pace in international partnerships
The Iraqi Foreign Minister, Fouad Hussein, confirmed today, Saturday, that the new government is continuing, at a steady pace, to expand the circle of international partnerships.
This came in a speech delivered by Hussein at the Manama Dialogue, which was received by Mawazine News, that "the challenges the region is going through require unifying efforts to confront them," while stressing "the need to strengthen regional and international cooperation."
He added, "The convening of the conference represents an important opportunity to end instability in the region. The Iraqi government continues its cooperation with all international organizations to curb terrorist activities."
Hussein continued, by saying, "Iraq seeks to enhance work in the fields of legal, judicial and security cooperation," pointing to "strengthening cooperation in the areas of security and economic diplomacy, and Iraqi diplomacy seeks to build distinguished relations with all countries."
On the Russian-Ukrainian crisis, Hussein said it "affected the global economy."
As he continued, "resolving conflicts is a fundamental priority for establishing security and stability in the Middle East."
With regard to the Yemeni crisis, he stressed that it "constitutes a state of instability."
The Iraqi foreign minister said, "Iraq supports the path of settling the Libyan crisis."
He concluded by saying, "The Iraqi government was formed through fair elections and with the support of the United Nations."
Regarding the newly elected government of al-Sudani, he said that it is "continuing at a steady pace in international partnerships. The Iraqi government adopts the principle of balance and moves away from the policy of axes." link
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Tishwash: Al-Rafidain and Al-Rasheed are discussing the introduction of modern technology in banking transactions
Al-Rafidain Bank confirmed, on Sunday, its endeavor to simplify banking procedures and introduce modern technology.
The bank stated in a statement, which Mawazine News received a copy of, that "General Director of Al-Rafidain Bank, Muhammad Samir, received General Manager of Al-Rashid Bank, Bassem Abd Ali Youssef, and during the meeting, they discussed the mechanisms of joint cooperation between the two sides with regard to banking work and its development."
The two sides stressed, according to the statement, "keeping pace with modern banking technology and advancing the banking sector in the country, which will reflect positively on the growth of the national economy."
Muhammad Samir stressed, "The need to improve the level of service performance provided to citizens and simplify banking procedures and facilities in line with the ministry's directives in overcoming all obstacles and routine procedures that would impede the completion of transactions. link
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Tishwash: An expert reveals a "suspicious" American meeting with 35 Iraqi banks
The economic expert, Abdul Rahman Al-Sheikhly, revealed that the representative of the US embassy met with 35 Iraqi banks to warn their owners without the knowledge of the Central Bank of Iraq.
Al-Sheikhly said; For the “Unannounced” program, broadcast by Al-Furat TV channel this evening, it says: “It is supposed to start fighting corruption in state institutions from the top of the pyramid or below, and big personalities who were involved in stealing the century.”
He added, "The US Federal Reserve addressed the Central Bank to stop the work of 14 private banks and audit them, and the representative of the US embassy met with 35 banks to warn their owners without the knowledge of the Central Bank of Iraq."
Al-Sheikhly said, "The banks that the representative of the US embassy met with leaked money to internationally sanctioned countries," noting that "sales at the currency auction have decreased remarkably in the past two days."
He continued, "Iraq is not the only country that suffers from corruption, and the previous governments did not seize the opportunity to combat corruption, and the people stand by the Sudanese Prime Minister, Muhammad Shia'a, in the steps to combat corruption."
Al-Sheikhly indicated, "The state system has become a norm for transferring money illegally, and part of the money for goods does not go to buy them, but to smuggle them, and control is the responsibility of taxes and customs, not the central bank." link
Mot: Finally Got the Results from the 4 Year Study Costing just $45 million
Mot: .. Still Trying I Is!! ~~~~ - siggghhhhhhh
Iraqi News Highlights Saturday Evening 11-19-22
Iraqi News Highlights Saturday Evening 11-19-22
Tlm724 Administrator Bondlady’s Corner
Oil Records Its Second Consecutive Weekly Loss, And The Brent Price Is Down 9%
Energy Economy News-Baghdad Oil prices fell by 2% in the Friday session, recording its second consecutive weekly loss, due to concerns about falling demand in China and further measures to increase US interest rates. The price of Brent crude at the settlement reached $87.62 a barrel, down $2.16, or 2.4%, while the US West Texas Intermediate crude price reached $80.08 a barrel, down $1.56, or 1.9%. The benchmark recorded weekly losses, with Brent losing about 9% and West Texas Intermediate about 10%.
The rise in the US dollar, which makes oil more expensive for holders of other currencies, contributed to the drop in crude prices.
Iraqi News Highlights Saturday Evening 11-19-22
Tlm724 Administrator Bondlady’s Corner
Oil Records Its Second Consecutive Weekly Loss, And The Brent Price Is Down 9%
Energy Economy News-Baghdad Oil prices fell by 2% in the Friday session, recording its second consecutive weekly loss, due to concerns about falling demand in China and further measures to increase US interest rates. The price of Brent crude at the settlement reached $87.62 a barrel, down $2.16, or 2.4%, while the US West Texas Intermediate crude price reached $80.08 a barrel, down $1.56, or 1.9%. The benchmark recorded weekly losses, with Brent losing about 9% and West Texas Intermediate about 10%.
The rise in the US dollar, which makes oil more expensive for holders of other currencies, contributed to the drop in crude prices.
And the market witnessed a shift in the two ways indicating the easing of concerns about supplies.
Crude approached record highs earlier in the year as Russia's invasion of Ukraine fueled those fears. In addition, the nearest-maturity contracts recorded a huge price premium compared to the later-term contracts, indicating the concern of dealers about the immediate availability of oil and their willingness to pay large sums to secure supplies.
But these concerns are diminishing. Eikon Refinitiv data showed that WTI is currently trading at a discount compared to the following month, for the first time since 2021.
This situation is also beneficial for those seeking to increase their oil stocks for later use, especially since stocks are still at low levels.
Brent crude remains in the opposite pattern, despite the decline in the price premium for the nearest crude contract, compared to contracts for download after 6 months, to $3 a barrel, the lowest level since April. Views 170 Added 11/19/2022 - 11:44 AM Updated 11/19/2022 - 5:39 PM
https://economy-news.net/content.php?id=30887
In The Video, Al-Sudani Talks About A Project That Will Provide Billions Of Dollars And Thousands Of Job Opportunities
Economie| 12:14 - 11/19/2022 Baghdad - Mawazine News, Prime Minister Muhammad Shia'a Al-Sudani confirmed, on Saturday, that the Council of Ministers will adopt adding financial allocations to the Shinafia refinery.
Al-Sudani said in a video statement from inside the Shinafia refinery, published by his media office, that “there is a need for allocations estimated at $675 million for the Shinafiyah refinery,” pointing out that “the Council of Ministers and the Ministerial Council for Energy will adopt adding the allocations to the original contract so that we are facing an integrated project that contributes to Securing oil derivatives for Diwaniyah and other provinces, and reducing the import of oil derivatives, which cost the country billions of dollars.
He added, "The current expansion project for the refinery is worth $125 million, and it is hoped to add hydrogenation units and complementary units to improve gasoline." confirmed, that "
Learn About The Sales Of The Central Bank Of Iraq During The Week
Economie| 10:06 - 11/19/2022 Baghdad - Mawazine News
The Central Bank of Iraq's sales of hard currency for dollars during the currency auction last week amounted to more than 700 million dollars.
And the Central Bank said, “It sold during the past week for the five days in which the auction was opened, starting from Sunday to Thursday, the amount of 735 million and 252 thousand and 435 dollars, at a daily rate of 147 million and 50 thousand and 487 dollars, up by 23.53% from the previous week, indicating that The increase came as a result of the increase in the bank’s sales during the first days of more than 170 million dollars from last week.
Our correspondent added that the highest dollar sales during the past week were on Monday, when sales amounted to 180 million and 893 thousand dollars, while the lowest sales were on Thursday, which amounted to Sales are 117 million and 140 thousand dollars.
He pointed out that most of these sales went in the form of transfers abroad to finance foreign trade, while the sale price of dollars transferred to bank accounts abroad, in addition to cash sales, amounted to 1460 dinars per dollar. Ended 29 / m 99 https://www.mawazin.net/Details.aspx?jimare=211690
Our National Economy, Our Banks, And Reputational Risk
Articles Sameer Al-Nusairi At a time when the Central Bank and the Iraqi banking sector celebrate the 75th anniversary of the founding of the Central Bank of Iraq. This anniversary culminated this year with great achievements at the level of supporting and stimulating the national economy.
And revitalizing the economic cycle and securing allocations that exceeded 18 trillion dinars to finance small, medium, housing, investment and renewable energy projects. The World Bank, the International Monetary Fund and international organizations commended the developments in
In the Iraqi economy and expectations of an increase in the growth rate in the gross domestic product this year to 9.3% and the arrival of foreign cash reserves to the limits of 90 billion dollars and 130 tons of gold due to the rational procedures in the applications of monetary policy and safe investments, which had a major role in achieving the above achievements. Unfortunately we noticed
Some yellow and non-competent means of communication and media, and personalities with special interests these days, are spreading rumors and fabricated news that are not based on reliable and official sources that harm our banks. And the official body that must be approved is the Central Bank of Iraq exclusively. to the applicable law.
And he is concerned with the implementation of international sanctions imposed on some banks that violate internationally approved standards, as happened a few days ago by stopping the dealings of only four banks in foreign currencies with circulars issued by the Central Bank.
We must not forget that our country is now going through complex crises and great challenges facing the new government, which requires everyone to cooperate with it in order to achieve its governmental approach to achieving economic reform.
And the effects of the global economic and financial crisis and its negative repercussions on our economy in the coming months, as expected.
The rumors and fabricated news currently circulating from some social networks and some satellite channels whose orientations are well known and intended to deliberately offend the national economy and national economic institutions that have clear success experiences and work with national Iraqi cadres, and that these parties are driven by special interests and projections.
They target our national economy and its institutions that have achieved clear achievements. During the economic and security shocks that Iraq went through after mid-2014 until the present time, it contributed to achieving economic resilience and supported our national economy. Their posts and press and media reports have preoccupied us these days by targeting our banks
And involving it in organizational, administrative and technical problems and exploiting leaks to amplify fabricated information that has not been audited and verified. Its aim is to blackmail and cover up the achievements made during the years of crisis. So why target?
The reason, as I see it, is that the Central Bank insists that all banks for which it is responsible for supervision and control and related financial institutions do their daily work, internally and externally, to adhere to the instructions, controls and regulations in accordance with its objectives contained in its law, which maintain economic stability in the country.
Although I respect the other opinion issued by non-specialists or those who specialize in the economy and monetary policy in particular, but I may disagree with the opinion that tries to harm the reputation of the Iraqi banking sector
And the reflection of reputational risks on our international banking dealings. Therefore, I call on the media to look, even for once, at preserving the reputation of the Iraqi economy internally and externally, because it is illogical for us to allow the targeting of our economic institutions that are directly responsible for achieving steadfastness and economic stability.
Because directing accusations against our banking sector is an insult to Iraq's economic reputation internationally without scrutiny and investigation of the leaked information.
These authorities know before others, through evidence, facts, and business results, that banks are the first basic link in the economy, and without a sound banking sector, it is not possible to build a sound economic sector.
To implement the controls and instructions issued by the Central Bank, to give due diligence to all internal and external banking operations, and to operate openly under the spotlight of the internal and external supervisory authorities, in order to preserve the reputation of our national economy and the achievements of the Central Bank during the past twenty years.
Views 181 Added 11/19/2022 - 11:38 AM Updated 11/19/2022 - 5:42 PM
https://economy-news.net/content.php?id=30886
The Government's Financial Advisor To NINA: Al-Sudani's Decisions Regarding Corruption Will Reflect Positively On The Country's Economy
Saturday 19, November 2022 12:52 | Economical Number of readings: 280
Baghdad / NINA / - The financial advisor to the government, Mazhar Muhammad Salih, affirmed: "The decisions and steps of Prime Minister Muhammad Shia'a Al-Sudani, to combat corruption, are correct decisions that will reflect positively on the country's economy."
Muhammad Salih said in a statement to the National Iraqi News Agency ( NINA ): "This government will have among its priorities (no development without combating corruption), and the issue of development and economic progress is linked to dismantling corruption, which is deliberately sabotaging the future of the country's economy."
He added: "The government program, which was approved by the House of Representatives and has become an applicable document, is a first priority for the Prime Minister, who will establish a logistical support council for combating corruption, to accelerate and advance economic development as soon as possible."/ Ended 8 https://ninanews.com/Website/News/Details?key=1014966
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Iraqi News Highlights Saturday Afternoon 11-19-22
Iraqi News Highlights Saturday Afternoon 11-19-22
Tlm724 Administrator Bondlady’s Corner
Baghdad Governorate: Infrastructure Is A Priority In The 2023 Budget
Economie| 10:56 - 11/19/2022 Baghdad - Mawazine News Baghdad Governor Muhammad Jaber Al-Atta said, on Saturday, that the meeting held recently with Prime Minister Muhammad Shia' al-Sudani discussed the lack of financial allocations for the governorate that would enable it to implement projects.
Al-Atta added, "Despite this problem, the governorate was able to implement a number of projects after carrying out careful studies to reduce costs and increase performance, the most important of which is the implementation of about 400 schools, some of which have been completed and others are under construction."
Iraqi News Highlights Saturday Afternoon 11-19-22
Tlm724 Administrator Bondlady’s Corner
Baghdad Governorate: Infrastructure Is A Priority In The 2023 Budget
Economie| 10:56 - 11/19/2022 Baghdad - Mawazine News Baghdad Governor Muhammad Jaber Al-Atta said, on Saturday, that the meeting held recently with Prime Minister Muhammad Shia' al-Sudani discussed the lack of financial allocations for the governorate that would enable it to implement projects.
Al-Atta added, "Despite this problem, the governorate was able to implement a number of projects after carrying out careful studies to reduce costs and increase performance, the most important of which is the implementation of about 400 schools, some of which have been completed and others are under construction."
And Al-Atta said, "The meeting stressed the importance of increasing the financial allocations for the governorate during the budget for the next year 2023 to implement infrastructure projects such as water and sanitation, as well as building hospitals and health centers."
And he continued, "The governorate will conduct a study of a number of its projects in order to reduce their costs, especially those that are lagging," pointing out, "
Al-Atta confirmed in an interview with the official newspaper, which was followed by Mawazine News, that "the prime minister confirmed that it will study this file in order to assign the province in this field." Ended https://www.mawazin.net/Details.aspx?jimare=211698
Parliament Begins Reading A Report And Discussing The Draft Law On Partnership Between The Public And Private Sectors
political| 01:40 - 11/19/2022 Baghdad - Mawazine News, the House of Representatives began, on Saturday, reading the draft law on partnership between the public and private sectors.
And the media department of the House of Representatives stated in a brief statement, that "Parliament began reading a report and discussing the draft law on partnership between the public and private sectors." https://www.mawazin.net/Details.aspx?jimare=211722
Exchange Rates Of The Dollar Against The Dinar
Economie| 09:46 - 11/19/2022 Baghdad - Mawazine News Today, Saturday, the exchange rates of the dollar witnessed stability in the local markets. Selling price: 148,400 dinars per 100 dollars
. Buying price: 148,300 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=211688
Al-Sudani From Diwaniyah: Economic Reform Cannot Be Delayed
Sweeteners Economy News – Baghdad On Saturday, Prime Minister Mohamed Shia Al-Sudani affirmed that the fight against administrative and financial corruption is a top priority for the government, while noting that the issue of social protection is a priority.
The media office of the Prime Minister said in a statement that the latter "chaired a meeting in the Diwaniyah governorate building devoted to discussing the service situation in the governorate," noting that "the meeting was attended by the ministers of health and agriculture, and the governor of Diwaniyah, in addition to a number of undersecretaries of the relevant ministries and officials in the departments." SOA".
Al-Sudani confirmed during the meeting a number of points and axes, the most important of which is his visit to Diwaniyah Governorate, which is an affirmation of the government's message to adopt its priorities that were announced in the ministerial curriculum, and it will be included in the government program, and therefore it is the government's action plan for this period.
He added, "Our priorities are clear, and they stem from diagnosing the most important problems and obstacles facing our people in all governorates, which have led to an increase in the suffering of citizens at various levels of living and services."
He pointed out that "this accompanies the government's vision towards economic reform, which must be, and cannot be delayed in light of the deterioration and ineffectiveness of the various sectors driving the economy represented by industry, agriculture and tourism. We cannot continue with the policy of relying on oil as a major source of the budget."
Al-Sudani stressed that "combating administrative and financial corruption is a top priority for us, because this phenomenon poses a serious threat to all plans, programs and policies implemented by any government, whether the federal government or local governments."
He continued, "According to this vision, we found it appropriate to start from Diwaniyah, this governorate that leads the governorates in terms of poverty and unemployment rates, and in the weakness of economic activity at various levels, which greatly affected the service and living conditions of all the people of the governorate."
Al-Sudani stressed that "this province gave and sacrificed, and offered offerings of martyrs and wounded in the various stations that passed through the country, the last of which was the war on ISIS. Put the martyrs in front of you in every joint, in every movement and position, and in every decision, the nation that does not recognize or immortalize its martyrs, inanimate nation.
He continued, "The visit to Diwaniyah Governorate is not a cursory visit within the Prime Minister's program. All our visits are working visits, in which we review problems, develop solutions, and listen if there are initiatives, support them, and come up with an outcome of recommendations."
He noted that "there is a team that follows up the recommendations, and on the basis of follow-up, all concerned are evaluated, starting with the governor and ending with managers and heads of administrative units and all departments."
And he continued: "We have projects lagging behind in the service side, and the ministers and agents present must stand on these projects, follow up on the reality of the work of the departments, and put solutions and go to the governorate's allocations to see where they were allocated, and the sectors benefiting from them."
He pointed out that "starting with it, we must prioritize and choose the project that achieves the greatest service and benefit for the citizen, especially when it comes to working with a governorate budget, which is directed to serve the people of the governorate first, by providing basic services."
Al-Sudani stressed that "the government took the initiative, urgently, to form an engineering and service effort, and this effort is to serve all the provinces. It is true that we started in Baghdad, but we will go to the provinces, so we are looking for priority projects."
And he continued: "We hear about the ways of death, which took many of our citizens into traffic accidents, and this is a situation that must end, and the existence of this term ends. These projects may have priority, or any projects that you find that serve the largest segment of citizens."
He added, "The issue of social protection has priority, as the state pays attention to this program, according to an internationally approved scientific methodology that contributes to poverty alleviation. I do not mean only pension income, but we target multidimensional poverty, which includes education, health and housing services."
And he indicated that "every governor and every governorate must draw their service projects according to the poverty map that the Ministry of Planning provides you with. Today we are concerned with directing the budget at the governorate level to infrastructure projects."
Views 1 Added 11/19/2022 - 5:39 PM Updated 11/19/2022 - 5:40 PM
https://economy-news.net/content.php?id=30892
A Deputy Talks About 200 Billion Dollars And 135 Tons Of Gold In Iraq: Employment Levels Must Be Increased
Posted On2022-11-19 By Sotaliraq On Monday, the head of the Parliamentary Services and Reconstruction Committee, Representative Mahma Khalil, called on the government to add new job grades in the 2023 budget.
Khalil said in a statement, "Iraq's economic situation is stable as a result of the rise in oil prices, as well as the country's cash reserves in addition to the budget, to reach nearly $200 billion, in addition to the country's balance of gold, which amounts to approximately 135 tons."
He added, "This financial abundance makes it possible for the government to add new job grades, as there are large numbers of unemployed people in various specializations."
Khalil added, "There are service and production sectors that need manpower and the appointment of new and young blood, and this matter falls on the Sudanese government."
It is noteworthy that Iraq is witnessing economic stability and financial abundance, as the cash reserve of the Central Bank has reached more than 90 billion dollars, amid many claims to invest it to improve the living reality. LINK
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