Iraqi News Highlights Thursday Afternoon 7-20-23

Iraqi News Highlights Thursday Afternoon 7-20-23

Tlm724 Administrator Bondlady’s Corner

The Central Bank Of Iraq Issued A Statement Regarding Depriving Some Iraqi Banks From Dealing In Dollars

July 20, 2023  Preventing Iraqi banks from dealing in dollars came against the backdrop of checking bank transfers for the past year (2022), before the application of the electronic platform, and before the formation of the current government as well.  Banks that are deprived of dealing in US dollars enjoy full freedom in dealing in Iraqi dinars with various services within the Iraqi banking system, in addition to their right to deal internationally in currencies other than the US dollar.

 The application of the electronic platform for external transfer ensures the safety and accuracy of transfer transactions from all aspects, in accordance with international standards and practices, and the law against money laundering and terrorist financing. with an accredited international auditor.

What the Central Bank of Iraq has achieved in expanding transfer channels and approved correspondent banks makes transfers available and secure, and that

the number of local banks that do this is able to cover all transfer requests, with the ability of the Central Bank of Iraq to cover them without restrictions or ceilings, as long as they involve Legitimate operations, noting that the banks banned from the dollar, their requests constitute only 8% of the total external transfers.

 The announced exchange rate in the market is based on cash dollars granted by the Central Bank of Iraq to cover citizens’ requests for travel and other things, and

because of the citizen’s need for the national currency, some merchants and others withdraw dollars for trade or other purposes, away from the platform and away from the fundamental transfer contexts,

which It leads to raising the exchange rate on the black market, which is not a parallel market, as long as the source of the dollar is the central bank and not from within the market.

In order to address this phenomenon, we call on the esteemed government to establish a mechanism to link imports, and to prove the existence of a fundamental financial transfer corresponding to its value in order to prevent the use of illegal means to pay its values that constitute unjustified pressure on the cash dollar, and on the other hand,  it helps in controlling manipulation and smuggling of imports..

Central Bank of Iraq   information Office   20 - July – 2023  https://cbi.iq/news/view/2386

With Names.. America Imposes Sanctions On 14 Iraqi Banks For Dealings With Iran In Dollars

Policy   US Treasury  US sanctions   Iraqi banks   2023-07-19 Shafaq News/ On Wednesday, the US Treasury Department imposed sanctions on 14 Iraqi banks, in a crackdown on Iran's dealings in dollars.

The Wall Street Journal quoted US officials as saying that "the move came after the disclosure of information indicating that the

targeted banks were involved in money laundering and fraudulent transactions."  The newspaper added,

"Some of these operations may relate to individuals subject to sanctions, which increases fears that Iran will benefit from them."

A senior US official told the newspaper:

"We have strong reason to suspect that some of these money laundering operations may benefit, either to individuals covered by US sanctions, or to persons who may be covered by sanctions."

"The main danger of sanctions in Iraq is definitely related to Iran," the US official added.

Shafaq News agency learned that the sanctions affected "banks (the

Islamic Advisor for Investment and Finance, the

Islamic Qartas for Investment and Finance, as well as the

Islamic Spectrum,

Elaf Bank,

Erbil Bank for Investment and Finance, the

International Islamic Bank,

Trans-Iraq Bank,

Mosul Bank for Development and Investment,

Al-Rajeh Bank,

Sumer Commercial Bank,

Trust International Islamic Bank, and

Ur Islamic Bank The

Islamic World Bank for Investment and Finance and

Zain Iraq Islamic Bank for Investment and Finance. 

And the US Treasury Department prevented four other Iraqi banks from accessing the dollar last November, and also imposed, in cooperation with the Central Bank of Iraq, stricter controls on financial transfers in the country in general.

In the past weeks, the Central Bank of Iraq had excluded 4 private Iraqi banks from the currency sale auction (namely:   Al-Ansari,    Al-Sharq Al-Awsat,    Al-Qabid, and   Asia)

following directives and warnings from the US Treasury about these banks accused of smuggling currency https://shafaq.com/ar/سیاسة/بال-سما-ميركا-تفرض-عقوبات-على-14-مصرفا-عراقيا-بسبب-تعاملات-مع-يران-بالدولار

Enhancing Confidence In The Iraqi Dinar

July 20, 2023    To enhance the ability of the Iraqi dinar against foreign currencies to circulate within the country, the following was decided:

1.         Collection of all cash guarantees shall be in dinar currency exclusively for internal credits, bank guarantees and letters of guarantee issued to the benefit of the beneficiaries (governmental and private), even if they are in dollar currency and at the official exchange rate.

2.         The payment of the sums of the letters of guarantee upon confiscation shall be exclusively in Iraqi dinars and at the official exchange rate.

    We ask all authorized banks to take the necessary measures in accordance with the above

https://cbi.iq/news/view/2387

The Central Bank Of Iraq Organizes A Dialogue Workshop For Its Employees

July 20, 2023   The Development and Training Department of the Directorate of Human Resources Affairs at the Central Bank of Iraq organized a dialogue workshop for employees of other departments and departments.

It was delivered by the former advisor to the Minister of Education, Prof. Dr. Salah Al-Nuaimi, and lasted for two days.

On its first day, the workshop dealt with the definition of the true concept of loyalty and job commitment, and the importance of its reflection on the institution and the performance of employees, as well as achieving job satisfaction.

The second day witnessed a lecture on how to develop administrative thought and the development of strategic thought, based on the strategies of modern thought.  

Central Bank of Iraq   information Office   20 - July – 2023   https://cbi.iq/news/view/2385    

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

Bond Ladys Corner

Awake-In-3D: Mind-blowing US Debt Growth Statistic

Awake-In-3D:  Mind-blowing US Debt Growth Statistic

On July 20, 2023 By Awake-In-3D

In Fiat Debt System Collapse Articles

US DEBT UP BY SAME AMOUNT IN LAST 5 YEARS AS THE FIRST 221 YEARS

The latest financial crisis started in September 2019 when the US banking system came under serious pressure and the Fed injected major liquidity into the near bankrupt system. Since that time, total US debt has increased by $21 trillion.

Let’s put this into perspective. It took the US 221 years to go from Zero debt in 1776 to $21 trillion in 1997 and just in the last 4 years, debt has gone up by that same $21 trillion.

Whether this cycle is the end of a 100, 300 or 2000 year era, only future historians will know the answer to.

Source Reference: https://goldswitzerland.com/a-catastrophic-debt-implosion-can-be-incredibly-quick/

RELATED Ai3D ARTICLES:

• The Fiat Currency Debt System is Heading Towards a Global Credit Market Freeze

• Widening Cracks: Continuing Signs of the Fiat Currency Debt System Collapse

https://ai3d.blog/mind-blowing-us-debt-growth-statistic/

Awake-In-3D: PAPSS Payment System and AfreximBank Paving Way to Pan-African De-Dollarized Sovereignty

Awake-In-3D:

PAPSS Payment System and AfreximBank Paving Way to Pan-African De-Dollarized Sovereignty

On July 19, 2023 By Awake-In-3D

In Fiat Debt System Collapse Articles

In a transformative effort, Africa’s financial landscape is undergoing a revolutionary shift, spearheaded by the African Import-Export Bank (AfreximBank) and its groundbreaking Pan-African Payment and Settlement System (PAPSS). This visionary initiative is rapidly propelling the entire African continent away from its historical reliance on US dollars and towards a future where local African currencies take center stage in intra-continental payments and capital investments.

More than just a financial system upgrade, PAPSS and AfreximBank are playing a crucial role in aligning Africa with the ambitious plans of the BRICS Alliance. The BRICS nations are determined to create a massive global trading block that operates independently of the Western Financial System and Monetary Institutions, thereby unlocking Africa’s vast economic potential and fostering genuine financial sovereignty.

With Africa losing an estimated $5 billion annually due to the absence of an intra-African payment system, the need for change has become undeniable. Fragmented payment systems and multiple currencies have hindered cross-border trade within the continent, leaving businesses facing considerable currency exchange challenges and lengthy payment processing times. However, AfreximBank’s PAPSS is a game-changer that seeks to eradicate these obstacles, empowering African nations to conduct instant and secure cross-border transactions in local currencies.

As the African Continental Free Trade Area (AfCFTA) agreement opens up unprecedented opportunities for intra-African trade, the timing of PAPSS’s arrival could not be more opportune. By providing a reliable and cost-effective platform for intra-continental payments, PAPSS is set to fuel economic growth, bolster regional cooperation, and create new avenues for prosperity throughout Africa.

From promoting financial inclusion and empowering small and medium size businesses, to reducing sovereign debts and driving economic growth, the transformative impact of AfreximBank and PAPSS sets the stage for Africa’s financial renaissance on the global stage.

As Africa moves steadily towards becoming an economic powerhouse with the backing of the BRICS alliance, the future holds immense promise for a continent that is finally stepping out from the shadows of foreign currency dominance and embracing its own financial destiny.

Africa’s Intra-African Trade: Challenges and Opportunities

In recent years, the potential for intra-African trade has become a topic of intense discussion among policymakers, economists, and businesses across the continent. Africa is a vast and resource-rich continent with diverse economies, yet its trade with other African countries has been hindered by various challenges, including fragmented payment systems and the reliance on foreign currencies. As a result, the continent has been losing an estimated $5 billion annually, making intra-African trade complex and time-consuming.

The Absence of a Unified Payment System

The lack of a unified payment system has been a significant obstacle to intra-African trade. Africa currently boasts around 42 currencies, each with its own regulatory framework and exchange rates, making cross-border transactions cumbersome and expensive. Business transactions often require conversion from one currency to another, resulting in unnecessary costs and delays.

The Role of AfreximBank: Driving Financial Sovereignty

Recognizing the urgency and importance of addressing these challenges, the African Import-Export Bank (AfreximBank) has taken a pioneering role in reshaping Africa’s financial landscape. Established in 1993, AfreximBank has steadily grown its presence in 52 member countries and has been instrumental in supporting trade finance activities across the continent. Its mission of stimulating African trade and development has driven its commitment to promoting a single payment infrastructure for the continent.

Introducing the Pan-African Payment and Settlement System (PAPSS)

AfreximBank’s vision culminated in the development and commercial launch of the Pan-African Payment and Settlement System (PAPSS). PAPSS is a groundbreaking initiative aimed at enabling instant and secure cross-border payments in local African currencies, thereby reducing reliance on foreign currencies like the US dollar and Euro.

Yes, PAPSS uses the ISO20022 “messaging” standard for inter-bank transfer notifications.

Empowering Businesses with PAPSS

PAPSS provides a real-time payment infrastructure that connects Africa’s central banks, commercial banks, payment service providers, and fintech companies as participants. This revolutionary system allows for immediate validation, compliance checks, and near-instant payment processing within 120 seconds. With PAPSS, businesses can conduct cross-border transactions efficiently, securely, and at a reduced cost.

PAPSS and the African Continental Free Trade Area (AfCFTA)

PAPSS could not have come at a more opportune time. With the implementation of the African Continental Free Trade Area (AfCFTA) agreement, which aims to create a single market for goods and services across the continent, the demand for seamless cross-border transactions is set to skyrocket. PAPSS is poised to play a vital role in facilitating the expected surge in intra-African trade and promoting economic growth.

Driving Financial Inclusion and Empowerment

Beyond enhancing intra-African trade, PAPSS also has significant implications for financial inclusion. As cross-border payments become more accessible, businesses of all sizes can participate in regional and continental trade, stimulating economic growth and job creation. Moreover, PAPSS fosters economic empowerment by reducing transaction costs and improving financial efficiency, particularly for small and medium-sized enterprises (SMEs).

Africa’s Financial Renaissance Begins

Africa’s financial system is on the cusp of a transformative shift, one that will see it moving away from reliance on foreign currencies and embracing the power of its local currencies. AfreximBank’s Pan-African Payment and Settlement System (PAPSS) is a critical step towards achieving this financial sovereignty, unlocking the continent’s vast economic potential, and driving intra-continental trade.

As businesses, governments, and individuals embrace this new era of financial empowerment, Africa’s financial renaissance will become a catalyst for economic growth and prosperity for all.

Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/papss-payment-system-and-afreximbank-paving-way-to-pan-african-de-dollarized-sovereignty/

Thursday Morning Iraq Economic News Highlights 7-20-23

Thursday Morning Iraq Economic News Highlights 7-20-23

After The US Sanctions.. The Dollar Is Flying In The Iraqi Markets

Economy | 11:13 - 07/20/2023  Baghdad - Mawazine News The exchange rates of the dollar increased against the Iraqi dinar, on Thursday, in the Iraqi markets.  The selling price of 100 dollars was recorded at 151,250 dinars. While the purchase price was recorded at 149,250 dinars.  This comes one day after the United States of America imposed sanctions on 14 Iraqi banks. https://www.mawazin.net/Details.aspx?jimare=231688

State Of Law Confirms That Iraq Is Unable To Distribute With The US Dollar

Policy   2023/07/20  Number of readings: 216   Baghdad - Iraq today:  The Deputy of the State of Law Coalition, Hussein Al-Battat, affirmed that Iraq is not a great economic power and cannot dispense with the dollar in its dealings in order to bypass US sanctions and its decisions in this regard.

Al-Battat said in a press statement, "The independence of the financial decision of Iraq and any other country is linked to the government's decisions and its courage in implementing them in addition to international support," noting that "America, through its power, imposes its influence on the international community in implementing its economic policies.

He added, "Iraq is not a great economic power and cannot dispense with the dollar in its economic dealings with countries, and therefore America's decisions regarding the sanctions it imposes on countries and so on are difficult to pass."

He explained, "When the country becomes a major economic power, it can bypass some interventions that are not consistent with its policies and aspirations in establishing balanced economic relations with all countries."

He pointed out, "Some countries, such as Russia and China, have been able to bypass the American influence on their economy and dealings, being an economic power that has an alternative." LINK

Expert: US Sanctions Will Have Repercussions On The Iraqi Economy 

Economy   2023/07/20  the number of readings: 189  Baghdad-Iraq Today:  Economic expert Munqith Dagher said that the US sanctions that affected Iraqi banks will have repercussions on the Iraqi economy, criticizing the Central Bank.

And Dagher wrote in his tweet on the social networking site Twitter, "A painful blow to the Iraqi banking sector, by penalizing 14 banks by the US Treasury Department for not adhering to the sanctions and dealing in US dollars with Iran. 1. This proves What I said here in more than one tweet about smuggling dollars abroad.

” This increases the demand for it and raises its price

2. The apple of the eye of the Central Bank, which sleeps with its feet in the sun, as these sanctions must They have aftershocks on the banking sector, the price of the dollar and the Iraqi economy. LINK

After Imposing Sanctions On 14 Banks, Dollar Prices Are "Flaming" In Baghdad And The Provinces

Economy  |Baghdad today – Baghdad  Today, Thursday (July 20, 2023), the exchange rates of the dollar recorded a significant increase in the stock exchange and exchange rates in the capital, Baghdad, and the provinces.

According to the "Baghdad Today" correspondent, "the Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded an increase in the exchange rate, and transactions in the exchanges and markets of northern Iraq were more than their counterparts in the capital, Baghdad, and central Iraq, and came as follows:

In Baghdad:   the selling price of a dollar is 150,000 per 100 dollars,  the buying price of a dollar is 148,000 per 100 dollars

in the north:   the selling price of a dollar is 150,500 per 100 dollars, the buying price of a dollar  is 148,500 per 100 dollars

in the south:   the selling price of a dollar is 150,000 per 100 dollars,  the buying price of a dollar is 148,000 per 100 dollar LINK

America: We Continue To Implement All Our Sanctions Against Iran.. And We Support Iraq's Efforts In The Field Of Energy

International  2023-07-20 | 1,683 views  Alsumaria News - International

The US State Department confirmed that the United States issued a new exemption, the twentieth of its kind, to allow Iraq to pay the value of electricity imports to Iranian accounts registered in the Trade Bank of Iraq.

"The only thing different about this waiver is that this latest package expands the waiver to allow funds to be transferred from those restricted accounts in Iraq to restricted accounts and selected offshore banks," she said.   State Department  Matthew Miller.

  "The other terms of this transaction are the same as previous transactions, which is that these funds will remain in accounts that can only be used for non-sanctionable activity and each transaction must be approved by the Treasury Department," he added.

On the other hand, Miller said that the US  State Department Continues to review the oil-gas exchange agreement between Iraq and Iran and its compatibility with the current sanctions.

He said, "We continue to implement all our sanctions against him Iran... and we strongly support the efforts of the Iraqi government, which seeks self-sufficiency in the field of energy, to improve the basic services it provides to the Iraqi people."

 Reuters was the first to report that the  United States  had moved to allow Iraq to pay the cost of Iranian electricity through non-Iraqi banks, in a move Washington hopes will prevent Iran from imposing blackouts in Iraq as temperatures intensify during the summer.

The agency quoted a US official, who requested anonymity, as saying that Secretary of State Anthony Blinken signed a new exemption related to national security and extends for 120 days, allowing Iraq, which depends heavily on Iranian electricity, to deposit payments in non-Iraqi banks in other countries instead of depositing them in other countries. Accounts restricted in Iraq.

However, funds in non-Iraqi accounts would be restricted, as would those in Iraqi banks, and Iran would need permission from the United States to access those funds, which can only be used for humanitarian needs.

And Tehran had previously pressured Baghdad to obtain permission from the United States to spend that money, by stopping Iranian natural gas exports to Iraq, which reduced its ability to generate electricity and forced it to cut off the electricity supply.

The US State Department expanded the scope of the latest exemption, at the request of the Iraqi government, to allow funds to be deposited with banks outsideIraqIt seems that some of the Iranian pressure will be transferred to other countries.   LINK

An Arab Currency Stronger Than The US Dollar.. "Forbes" Monitors The 10 Weakest Monetary Currencies In The World

2023-07-18 Shafaq News/ The American "Forbes" magazine discussed the 10 weakest currencies in the world, of which the Iranian riyal is the weakest, as well as the Lebanese pound, at a time when the Kuwaiti dinar is actually the strongest currency, even against the US dollar, which remains among the strongest currencies in the world.

The American report, translated by Shafaq News agency, pointed out that the US dollar is seen as the strongest currency in the world and is the most traded, at a certain level, but it is actually not the strongest currency, but rather the Kuwaiti dinar.

 Currency pricing

 The report reviewed how foreign currencies are priced, explaining that foreign currencies are traded in pairs, for example, the purchase price of the US dollar is using the pound sterling, and as a result, the currency is always priced in relation to another currency, which is known as the "exchange rate".

 The report indicated that most currencies are "floating", which means that their value fluctuates according to supply and demand, but some currencies are "pegged", which means that their value relative to another currency (such as the US dollar) is fixed at an agreed upon price.

 The report pointed out that exchange rates affect the cost of goods and services in a foreign currency. For example, if the pound sterling rose against the dollar, vacation expenses in the United States would be less expensive in terms of the pound sterling.

He added that exchange rate movements provide an opportunity for investors seeking to make profits through trading foreign currencies.

 Then the report reviewed the ten most vulnerable currencies in the year, according to an assessment based on the number of foreign currency units that are obtained for one US dollar.

Iranian Riyal

 The report considered that the Iranian riyal is the weakest currency in the world, as one riyal buys only 0.000024 US dollars (meaning that one dollar equals 42,273 Iranian riyals).

He pointed out that the Iranian rial was introduced for the first time in the late 18th century, and was later linked to the pound sterling, and then to the US dollar.

He added that although the currency is now floating, it has remained at around 42,000 riyals to the dollar over the past few years.

 Despite Iran's leadership in oil and gas, economic sanctions have put pressure on the Iranian currency, in addition to political unrest and high inflation.

Vietnamese Dong

 The report stated that the Vietnamese dong is considered the second weakest currency in the world, as one dong buys 0.000042 US dollars (or one dollar equals 23,711 Vietnamese dong), a process that began trading in 1978.

He added that services represent the largest proportion of the gross domestic product, followed by industries such as electronics, energy and textiles, but the currency has been affected by restrictions on foreign investment and the recent slowdown in exports, along with high interest rates in the United States.

 Laotian Cape

 The report pointed out that the Laotian kip is the third weakest currency, as one kip buys $0.000052 (or $1 equals 19,072 Laotian kip), a currency introduced in the fifties of the last century, and it is a floating currency.

 Laos relies heavily on exports such as copper, gold and timber, but the economy has been hit by slowing economic growth, high external debt and inflation, which put pressure on the national currency.

 Sierra Leone

 As for the fourth weakest currency in the world, it is the Sierra Leonean leone, where one leone buys 0.000057 dollars (or the dollar equals 17665 Sierra Leonean leone), and it was introduced in 1964, and is fully floating.

 He added that the main exports of Sierra Leone include timber and minerals such as diamonds, gold and industrial minerals, and the value of the leone currency has declined due to inflation that exceeded 40%, in addition to large debts, slow economic growth and the economic effects of the Ebola virus outbreak.

 Indonesian Rupiah

 The Indonesian rupiah is considered the fifth weakest currency in the world, as 1 rupee buys 0.000067 US dollars (or 1 dollar equals 14,993 Indonesian rupiahs), and was introduced in 1946 and was initially pegged to the US dollar before moving to a free float.

 The report described Indonesia as the largest country in Southeast Asia in terms of gross domestic product, thanks to the services sector.

 Lebanese Pound

 According to the report, the Lebanese pound is considered the sixth weakest currency in the world, as one pound buys 0.000067 US dollars (or the dollar equals about 90,000 Lebanese pounds). The lira was introduced for the first time in the 1930s and is linked to the US dollar.

He pointed out that Lebanon has an economy based on services, but it also exports precious stones, minerals, chemical products, food and beverages.

He added that the lira fell to a record level against the US dollar in early 2021 due to the severe economic recession, high inflation, unemployment, the banking crisis and political unrest.

 Som Uzbekistan

 The report stated that the Uzbekistani som is the seventh weakest currency in the world, as 1 som buys 0.000087 dollars (or 1 dollar equals 11.516 Uzbekistani som), a currency introduced in 1993 and fully floating.

 Uzbekistan is considered one of the leading countries in the export of cotton and has large reserves of minerals, oil and gas. It is implementing economic reforms, but it still suffers from low economic growth, high inflation, unemployment and corruption.

 Guinea Franc

As for the eighth weakest currency, it is the Guinean franc, where one franc buys 0.000116 dollars (or 1 dollar equals 8583 Guinean francs). The currency was introduced in 1959 and is fully floating.

 Although Guinea has an abundance of natural resources such as gold and diamonds, it has suffered from increasing rates of inflation, military unrest and the influx of refugees from neighboring Liberia and Sierra Leone.

 Paraguayan Guaraní

And the Paraguayan guarani comes in ninth place, where 1 guarani buys 0.000138 dollars (or 1 dollar equals 7249 Paraguayan guarani), and it was introduced in 1952 and is fully floating.

 Although Paraguay is a major producer of soybeans, stevia (a sugar substitute) and beef, as well as exports of corn and sugarcane, it has been pressured by soaring inflation, corruption and counterfeiting of currency.

 Ugandan Shilling

 The Ugandan shilling is considered the tenth weakest currency in the world, as the Ugandan shilling buys 0.000273 dollars (or the dollar equals 3669 Ugandan shillings), and it was introduced in the year 1966, and it is floating freely.

 Although the country is rich in commodities such as oil, gold and coffee, its economy suffers from unstable growth, high debt and political turmoil.   LINK

"Tidbits From TNT" Thursday Morning 7-20--2023

TNT:

Tishwash:  Enhancing confidence in the Iraqi dinar

To enhance the ability of the Iraqi dinar against foreign currencies to circulate within the country, the following was decided:

1. Collection of all cash guarantees shall be in dinar currency exclusively for internal credits, bank guarantees and letters of guarantee issued to the benefit of the beneficiaries (governmental and private), even if they are in dollar currency and at the official exchange rate.

2. The payment of the sums of the letters of guarantee upon confiscation shall be exclusively in Iraqi dinars and at the official exchange rate.

We ask all authorized banks to take the necessary measures in accordance with the above link 

Tishwash:  Expert: US sanctions will have repercussions on the Iraqi economy

Economic expert Munqith Dagher said that the US sanctions that affected Iraqi banks will have repercussions on the Iraqi economy, criticizing the Central Bank.

And Dagher wrote in his tweet on the social networking site Twitter, "A painful blow to the Iraqi banking sector, with the punishment of 14 banks by the US Treasury Department for their non-compliance with the sanctions and their dealings with US dollars with Iran   link

************

CandyKisses:   Oil refining in Iraq rises to 1.1 million barrels per day

Economy News-Baghdad

Iraq's oil refining capacity has risen to 1.1 million barrels per day.

According to the Energy Agency, "the oil refining capacity in Iraq is 1.116 million barrels per day in 2022, up from 976,2021 barrels per day in," noting that "the rise came as a result of the completion of the Karbala refinery and the start of actual production in it."

She added that "the government acquires all refineries and is distributed over 3 entities, namely the North, Central and South Refineries Company," noting that "the capacity of the refineries in the North Refineries Company is 272 and the most prominent refineries is the refinery of Samoud, which was previously called the Baiji refinery, which produces a capacity of 140 thousand barrels per day."

She pointed out that "the capacity of the central refineries is 360,140 barrels per day, and the most prominent refineries are the Dora refinery, which produces a capacity of 280,210 barrels per day, while the capacity of the South Refineries Company is barrels per day, and the most prominent refinery in it is Basra, which produces a capacity of, barrels per day."

She pointed out that "there are other refineries in the Kurdistan region, most notably the Bazian refinery with a capacity of 40 barrels per day."

Iraq suffers from a deficit in providing oil products locally, costing it about $ 5 billion annually, and gasoline and diesel account for $ 3.5 billion of the total

************

Tishwash:  Iraqi Prime Minister: The strategic partnership is a roadmap for developing relations with France

Iraqi Prime Minister Muhammad Shia al-Sudani affirmed today, Wednesday, that the strategic partnership agreement represents a map of action for the development of Iraqi-French relations in the fields of economy, security, energy, culture and education, indicating that the government is working to regulate the relationship with the international coalition in Iraq. 

This came during his meeting with the French Minister of Armies, Sebastien Licorne, in Baghdad, to discuss bilateral relations between the two countries, and prospects for developing them at the security level, within the scope of the international coalition, and within the framework of advice and training to raise the performance of the Iraqi security forces, and to emphasize the continuation of bilateral cooperation to continue training and cooperation in the field of armament, and exchange of information.

Al-Sudani praised - according to what was reported by the Iraqi News Agency (INA) - France's support for the Iraqi forces, referring to the (strategic partnership agreement) that was signed during Al-Sudani's visit to France last January.

For his part, the French Minister of Armies conveyed the greetings of French President Emmanuel Macron to the Iraqi Prime Minister, stressing the French government's readiness to cooperate with Iraq in the field of training, armament and capacity development, pointing to the seriousness of his country's government in providing everything Iraq needs and developing real partnerships with it.  link

Mot:  ....... True story lol phone booths

Mot . How Exciting.. I Wants to Go Toooo!!!

Goldilocks' Comments and Global Economic News for July 19, 2023

Goldilocks' Comments and Global Economic News for July 19, 2023

RJ:  Good evening Dinar Recaps,

Goldilocks posted comments and links on global economics:

On June 23rd, 2023, "BP Ventures Wins Stellar Community Fund Award for LightEcho Oracle." BP Ventures is a leading fintech and blockchain consulting firm.

They were given liquidity and the permission to move forward with their LightEcho Oracle - an
oracle utility developed for Stellar’s Soroban smart contract platform. Smart contracts secure funding for both sides of a trade and are there to move forward.

Soroban smart contracts are part of the quantum technology developed to activate Protocol 20. They are developers of decentralized financing and are currently engaged in new project solutions that secure digital asset custody and tokenize digital assets.

This venture is transforming the old Financial System into a new digital asset-based trading system. 

© Goldilocks

Read more: https://www.digitaljournal.com/pr/news/getnews/bp-ventures-wins-stellar-community-fund-award-for-lightecho-oracle#ixzz87u9WQeRh

"The Financial Stability Board  (FSB) has now finalized its recommendations to establish a global regulatory crypto framework."

The framework gives two recommendations:

"High-level recommendations for the regulation, supervision, and oversight of crypto-asset activities and markets."

"Revised high-level recommendations for the regulation, supervision, and oversight of “global stablecoin” arrangements."

These new guidelines are designed to govern and ensure a healthy integration into our financial system.

Stablecoins are at the heart of these new guidelines. They represent the new digital-asset payment system going forward, and a standardized protocol will enable the new digital-asset-based economy to thrive inside a generational wealth potential never seen before in history.

© Goldilocks

https://www.fsb.org/2023/07/fsb-finalises-global-regulatory-framework-for-crypto-asset-activities/

https://www.generalist.com/briefing/stablecoins

https://cryptoticker.io/en/global-crypto-framework-fsb-finalized-recommendations/

"U.S. bank regulators are readying the launch of proposed capital requirement changes on July 27 to bring the country's rules in line with the international Basel III accords, Bloomberg reported."

This will help level the playing field between large Banks and smaller Banks, especially in mortgage transactions.

And more importantly, July the 27th, 2023 will enable us to move forward to the implementation phase of Basel 3 requirements.

This marks a global shift in the way our new collateral-based (SOFR) banking system will now conduct business transactions.

© Goldilocks

https://www.morningstar.com/news/marketwatch/20230718123/fed-preparing-basel-iii-capital-requirement-guidelines-for-july-27-release-bloomberg

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It is now official. "Cboe to List and Trade Shares of the VanEck Bitcoin Trust Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares" Just in the nick of time too as we approach the implementation of Basel 3 accords on July 27th.

© Goldilocks

https://www.federalregister.gov/documents/2023/07/19/2023-15271/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-filing-of-a-proposed-rule-change-as

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7 billion people on the planet and all will have a stellar account on the QFS.

Protocols 16 and 17 are in place to assist the Quantum Compliant Banks the ability to assist in helping set up your accounts and transfer your fiat to digital for you.

The fear of trying to do all of this yourself should not be of concern.
QC Banks will have the ability to assist here and educate.

The Quantum System is not being set up for just banking but for the military, elections and so much more.

Far larger than one can fathom, especially if one is to believe what gurus are pushing. Larger than the information providers are informing you of.

Most on these boards only have a very small piece of a much larger subject.

Come with an open mind and leave your preconceived notions outside of this chat and write down the things that don't make sense. As we move along in discussions, these things will have new understandings as we talk about what is coming and processes.

The systems of old have to be dismantled so that there is never the option of going back to them. (Bridges being built and Bridges being dismantled at the same time)

They are taking steps to remove influencers/criminal behavior in all of this. Punishable for certain, not the old system or ways. Finally, this is some of the best news for all involved.

The future is brighter for everyone. Not just a certain few.

~~~~~~~~~~

It has come to my attention that several people still want to know who I am. Some are saying that I am the Goldilocks who spoke to dinar land over 10 years ago, this is just a rumor that is not true. There are no connections between us.

For the last two-plus years of being on this journey with you, it has been my intention to give you information that is backed up with facts in an article that proves what I am talking about is true. This way, you will know it is not about me. It is about truth, and truth, will set us free.

There are times when I have to wait on information to go public before I can write about some of the information I do receive ahead of time. If it is a pressing piece of information you need to know, I will share it ahead of the articles coming out.

We have been building an economic system from the ground up these last two years, and it is important to understand it as much as you can from those who are trying to do the same.

Over time, many of you have realized that what is important are the truth principles that I share with you, of which, no one can deny. I will not call an RV until there actually is one, and I will know sooner than most because of the level of contacts I have on the level we need to hear information leaked to us.

This is a global event and technology is leading the way. I would encourage you to find leaders who can tell you about Protocol 20 and its activation of the new digital and physical economy going forward such as your paper currencies.

Banking protocols of the future will be done through artificial intelligence and smart contracts. The activation of Global Quantum Technologies around the world are what we are looking for going forward.

You have to be on the right baseball field in order to play the game, and there are rules and regulations that guide every sport you decide to play.

The new digital asset-backed economy is not the same baseball field we used to play in and knowing the difference can make all the difference in how your game turns out.

© Goldilocks

~~~~~~~~~~

Follow Goldilocks' Roadmap

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https://www.seedsofwisdomteam.com/

Thank you Dinar Recaps

Awake-In-3D: Checkmate (Part 3) – A Currency Duel to Avert a Real War

Awake-In-3D:

Checkmate (Part 3) – A Currency Duel to Avert a Real War

On July 19, 2023  By Awake-In-3D

In  RV/GCR Articles

Continued from the Checkmate Series Part 1 and Part 2

In this final article of my three-part Checkmate series, I examine the key players on the chessboard, their roles and motivations, and the significant economic consequences that the Western fiat system players will face if the new Eastern Alliances establish and launch a gold-backed currency. My conclusion is that dueling financial system currency systems is a far more acceptable and stable solution that would likely prevent a actual, real kinetic war. Leading to Our GCR.

China’s Role as the “Tactical” Game Player

As tensions escalate, China remains strategically prepared to join the financial war. China has been cautious in destabilizing the dollar to protect its export interests, but now it recognizes the threat to emerging economies, particularly those in Africa and Latin America. Embracing a gold-backed currency and a preemptive attack on the dollar would align with China’s motivations to safeguard its economic interests.

As the BRICS nations lay the groundwork for a gold-backed trade currency that challenges the dominance of the dollar, China’s strategic response becomes crucial in this unfolding global economic transformation.

 In this article, we explore how China has carefully assessed the economic consequences of the proposed gold-backed currency and its potential impact on the US dollar. Drawing from the analysis of General Qiao Liang, a high-ranking figure in China’s military intelligence, we uncover China’s motivations and strategies to preemptively counter the perceived threats against emerging economies. With China ready to mount an attack on the dollar by embracing a gold standard, the balance of power in the global financial landscape may soon experience a seismic shift.

Assessing the Threat

China has long been threatened by the US over access to markets, but with the advent of the BRICS gold-backed currency proposal, the stakes have been raised. However, China appears to have anticipated potential economic consequences and evaluated the experiences of nations like Russia during periods of sanctions. General Qiao Liang’s analysis sheds light on the US’s previous actions with respect to foreign national debts, indicating a pattern of weakening and destabilizing economies through strategic manipulation of interest rates.

A Target on Dollar-Indebted Nations

While China itself does not rely on borrowing dollars, it recognizes that the real threat lies in the impact on dollar-indebted nations that participate in trade with China. The US’s likely strategy of raising interest rates even after taming inflation could aim to bring these nations back under American control. This poses a significant challenge for emerging economies in Africa, Latin America, and other regions that have received substantial Chinese investment.

The Preemptive Attack on the Dollar

To address this potential threat, China has devised a preemptive attack on the dollar by exposing its weakness as a fiat currency. With the power to do so since the Lehman crisis, China and Russia now have the means to challenge the dollar’s status quo. As they plan a return to the gold standard for trade and their own currencies, the BRICS nations seek to counter the US’s strategy of “harvesting” assets in foreign countries.

The Role of the New Development Bank

The New Development Bank, headquartered in Shanghai, is poised to play a pivotal role in China’s response. Offering credit in yuan or the new BRICS currency at lower interest rates, the bank can help alleviate the strains imposed on BRICS members by rising US interest rates. This strategic move strengthens the BRICS’ position and enhances their ability to withstand potential sanctions.

China’s Motivation and Strategy

Understanding China’s motivations and strategies is vital to grasp the implications of this evolving economic landscape. While some may question General Qiao Liang’s analysis, it is evident that his views are ingrained in China’s government thinking. This positions China to join forces with Russia in a concerted attack on the dollar’s fiat nature and advocate for a return to a gold standard for trade, thereby challenging the existing global financial order.

As the BRICS nations lay the groundwork for a new gold-backed trade currency, China’s proactive response becomes a critical factor in the unfolding global economic transformation. By assessing potential threats and drawing insights from General Qiao Liang’s analysis, China is prepared to counter the US’s strategies aimed at emerging economies. Embracing a gold standard for trade and their currencies, China and Russia signal their readiness to challenge the dominance of the dollar and push for a more equitable and stable financial system. The stage is set for a momentous shift in the global economic landscape, with gold re-assuming its ancient role as a bedrock of value and stability in an ever-changing financial world.

Russia’s Role as the “Strategic” Game Player

The world stands at the precipice of a potential global conflict as tensions escalate between Russia, America, and their respective allies. While the focus has primarily been on military maneuvers and proxy wars, a new front is emerging – a financial war with far-reaching implications. In this article, we explore the origins of the current trade currency plans, which originated in Russia, and the role of China as events unfold. As NATO tightens its grip on Eastern Europe, Putin faces an intractable dilemma, with compromise seemingly impossible. To avert a catastrophic global conflict, Russia appears to prioritize undermining the dollar’s dominance, while China is ready to join in this strategic battle. A financial war may offer a way forward, but the consequences for the global economy remain uncertain.

The Genesis of the New Trade Currency Plan

The idea of a new trade currency with a gold-backed system originated in Russia, marking a shift in focus away from China. Until recently, China hesitated to destabilize the currencies of Western nations due to her significant export interests. However, escalating tensions over Taiwan, coupled with America’s plans to raise interest rates and bankrupt BRICS members, have led to a dramatic deterioration in Sino-US relations. The specter of direct conflict between Russia and America over Ukraine and China’s potential entanglement in a Taiwan conflict makes it imperative to avert World War 3.

NATO’s Determination and Russia’s Response

NATO, under the influence of the US, is determined to defeat Russia, remove Putin from power, and gain control of Russia’s vast natural resources. Proxy wars, such as the one in Ukraine, have so far failed to achieve NATO’s goals. As the theater of operational strategy shifts to Poland and the Baltics, the build-up of military personnel and missiles in the region becomes evident. Putin is unlikely to accept compromise, as it would require withdrawing missiles and American bases from Eastern and Central Europe, a non-negotiable condition for Russia’s security.

A Conundrum for the Biden Administration and America

For President Biden, backing down in Eastern Europe would carry severe political consequences, especially after the Afghanistan withdrawal. The influence of neo-conservatives in American policy-making adds further pressure to defeat Putin, expand US influence, and isolate China. Russia’s peace terms are unacceptable to America, leaving both sides at a standstill with potential dire consequences.

Undermining the Dollar’s Dominance

Given the impasse, Russia’s priority seems to be undermining the dollar’s dominance, presenting an economic front to counter America’s aggression. Attacking the dollar financially could weaken the alliance’s military capabilities and create divisions among its members. Additionally, a Russian attack on currencies’ credibility would benefit Russia’s financial position, which is already facing pressure.

The Uncertain Outcome

Engaging in a financial war offers a relatively discreet option, avoiding an official declaration of victory or the need for post-war reconciliation. While it remains unclear whether undermining the dollar would avert a nuclear conflict, it is evident that the world teeters dangerously close to the brink. The consequences for the global economy are uncertain, and the potential for price inflation and financial instability looms large.

As geopolitical tensions reach boiling point, the prospect of a financial war emerges as an alternative to direct conflict. Originating in Russia and embraced by China, this unconventional approach aims to undermine the dollar’s dominance and challenge America’s aggression indirectly. A delicate balance hangs in the air, and the global economy faces an uncertain future. Averting World War 3 requires careful navigation, with the financial landscape becoming an uncharted battleground in the struggle for power and control. The coming days will reveal whether a financial war can offer a reprieve or if the world inches ever closer to catastrophe.

Golden Stability: A New Currency System to Prevent Further Physical Conflict Escalation

Amidst escalating global tensions, the proposal for a new gold-backed trade currency gains momentum. Originating in Russia and designed to facilitate cross-border trade settlement, this currency aims to provide a stable, institutionally acceptable alternative to fiat currencies. With the groundwork laid by Sergei Glazyev, the currency could soon become a reality, pending approval in August. Let’s examine the key elements of this new currency and its potential impact on participating nations, focusing on long-term practicality and the preservation of economic stability. As the stage is set for a financial transformation, the focus shifts to gold as the foundation for a new era of secure and credible trade finance.

Building a Politically Acceptable, Inclusive and Peaceful Solution

The proposed trade currency is strategically designed to garner support from all involved nations and alliances serving as a practical solution for realizing the ambitions of the Russian-Chinese axis. By facilitating an Asian industrial revolution encompassing Africa and Latin America, free from external interference, the new, gold-backed currency aligns with the aspirations of all participating countries.

A Path to Non-Inflationary Economic Growth

The new trade currency aims to provide a foundation for trade finance and cross-border settlements based on sound money principles. By tying credit growth to economic activity and gold, the currency seeks to avoid inflationary consequences and maintain purchasing power. Gold’s role as a substitute will impart pricing certainty to trade and investment, leading to stable, low-interest rates and fostering economic development in emerging economies.

Potential for Greater Currency Stability

Participating nations may place greater emphasis on their own currencies’ stability, seeking a safe haven from the consequences of the dollar’s fiat nature. As the new currency gains acceptance, Russia may consider returning the ruble to its own gold standard, with China potentially following suit with the renminbi.

An Inherent Currency Resilience

Designed with a 40% gold backing, the new currency adheres to the principles set by Sir Isaac Newton, providing a metallic monetary standard. As confidence in the scheme grows, participating central banks may retain minimal gold reserves, swapping the balance for the new currency. This approach would bolster their balance sheet equity and add to the currency’s credibility.

The proposal for a new gold-backed trade currency heralds a potential financial transformation in cross-border trade and settlement. Designed to be politically acceptable and practical for participating nations, the currency promises a path to non-inflationary economic growth and greater currency stability. By placing gold at the heart of the financial system, this currency seeks to safeguard against the pitfalls of fiat currencies and usher in a new era of financial stability. As August approaches, the world awaits the outcome of this groundbreaking proposal and its potential to redefine global finance.

The Consequences for Western Fiat Currencies and Their Debt System

The historical relationship between money and gold has been undeniable, with gold serving as the anchor of value for centuries. However, the detachment of credit from gold in recent times has had profound consequences for the global financial system. Let’s examine the implications of reintroducing gold into currency systems, particularly in the context of a new BRICS gold-backed currency. As the Asian superpowers seek stability and independence from fiat currencies, a seismic shift in the global economic landscape is imminent. Yet what will be the potential effects on major currencies, economies, interest rates, as gold returns to its rightful place in the financial world?

The Historical Gold-Dollar Divergence

In the post-Bretton Woods era, fiat currencies have steadily lost value relative to gold, exemplified by the dollar’s 98% depreciation. The erosion of purchasing power has surpassed the 2% annual target set by official policies, underscoring the importance of gold as a stable medium of exchange. The potential introduction of a new gold-backed BRICS currency could accelerate the devaluation of fiat currencies, triggering a race for tangible assets and further undermining their credibility.

The Underappreciated Role of Gold in Financial Markets

Throughout history, gold’s role as money has been poorly understood in financial markets, leading to misguided assumptions about its true value. Despite being treated as a trading counter, gold’s return as the anchor for credit values among Asian hegemons will force a reassessment of its significance. The move towards a gold-backed currency will bring stability to export values and create a conducive environment for low-interest rates, benefiting the economies of participating nations.

Significant Implications for Western Fiat Currencies

The introduction of a BRICS gold-backed currency will have far-reaching consequences for western fiat currencies, including the dollar, euro, and pound.

• The Dollar’s Predicament: The reliance on inward foreign investment has enabled the US to fund continuous trade deficits and government debt. However, a shift to a gold-backed currency could lead to central banks exchanging their dollar reserves for the new currency, triggering devaluation and foreign liquidation of Treasuries. Rising bond yields and funding costs for the government are inevitable, posing significant funding hurdles.

• Eurozone Turmoil: A gold-backed BRICS currency may drive Germany towards sound money regimes, exacerbating economic and political divisions within the eurozone. The euro’s credibility, already strained, will face further challenges, leading to potential recapitalization needs for the ECB and national central banks.

• The UK’s Dilemma: The UK, burdened with a debt trap similar to the US, also suffers from increasing taxes and limited gold reserves. As the international financial center, London will be at the epicenter of the fiat currency crisis, complicating any efforts to escape the fiat currency trap.

The Call for a Return to “Classical” Economics

The emergence of a gold-backed currency and its implications will expose the inadequacy of Keynesian (constant fiat currency creation out of thin air) macroeconomics, which has shaped policies during the fiat currency era. Western governments must embrace classical economic theories and adapt swiftly to the changing economic landscape. The combination of credit crunch from the bank credit cycle and deteriorating fiat currency purchasing power will lead to rising interest rates, challenging the traditional control exerted by central banks.

Wrap Up

The return of gold as a cornerstone of the global financial system signifies a momentous shift in the balance of economic power. The introduction of a BRICS gold-backed currency and potential adoption by Russia and China could lead to a cascading effect on fiat currencies worldwide. As investors seek tangible assets and foreign exchanges witness a weakening of major fiat currencies, The United States, Europe and other Western governments will be forced to reassess their debt-based economic and monetary policies.

This transition will require a departure from Keynesian economics and a return to classical, sound money principles, laying the groundwork for a resilient, fair and stable global financial economic landscape.

 This would be Our GCR.

Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/checkmate-part-3-a-currency-duel-to-avert-a-real-war/

Iraqi News Highlights Wednesday Afternoon 7-19-23

Iraqi News Highlights Wednesday Afternoon 7-19-23

Tlm724 Administrator Bondlady’s Corner

Citizens In Mosul Are Calling On The Central Bank And The Government To Solve The Problem Of The Exchange Rate

Wednesday 19, July 2023 11:03 | Economical Number of readings: 471   Mosul ( NINA ) - Citizens of Mosul called on the Central Bank and the government to take urgent measures to address the problem of the continuous rise in the exchange rates of the dollar, which reached about 150,000 dinars for every hundred dollars in the markets.           

One of the most prominent merchants in the city of Mosul, Hassan Kilawi, said in a statement to the National Iraqi News Agency ( NINA ) that "the continuation of the rise in this way affects the economic situation and markets in Mosul and the whole of Iraq."

He continued, "The Mosul markets are witnessing a very large stagnation due to the high prices of food products, which was a major reason for the rise in the price of the dollar, which negatively affected the Mosul street, calling on the Central Bank to intervene quickly to solve the crisis of the high price of the dollar, which negatively affected citizens due to the deterioration of the economic conditions in Iraq in general, especially Nineveh."

Uday al-Badrani confirmed, "This increase has led to a deterioration in the purchasing power of citizens and an increase in the cost of living.

Prices were greatly affected, as the prices of basic commodities, foodstuffs and basic supplies rose. Various economic sectors, such as industry, agriculture and trade, were also affected due to high import costs and a decline in investments, and this led to a deterioration in the economic situation and an increase in unemployment and poverty rates .

https://ninanews.com/Website/News/Details?key=1065778

The Stability Of The Exchange Rates Of The Dollar Against The Dinar In The Local Markets

Wednesday 19, July 2023 10:05 | Economical Number of readings: 574  Baghdad / NINA / - The exchange rates of the dollar against the dinar witnessed stability in banking offices and local markets today, Wednesday.

The selling price of the dollar in exchange offices and local markets this morning reached 149,250 dinars per hundred dollars, and the purchase price was 147,250 dinars per 100 dollars./ End 9

https://ninanews.com/Website/News/Details?key=1065762

Oil Minister: We Welcome Cooperation, Partnership And Investment With Saudi Arabia

Wednesday 19, July 2023 17:08 | Economical Number of readings: 468  Baghdad / NINA / - Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul Ghani, received a delegation from the Saudi Ministry of Energy, and affirmed Iraq's welcome for cooperation, partnership and investment with Saudi Arabia to develop the oil and energy sector.

A statement by the Ministry of Oil stated: "Minister Hayan Abdul-Ghani received the Assistant Minister of Energy for Oil and Gas Affairs in the Kingdom of Saudi Arabia, Muhammad bin Abdul Rahman Al-Brahim, and his accompanying delegation, which included a number of officials and advisors in the Ministry of Energy and Saudi Aramco."

Abdul-Ghani welcomed, according to the statement, cooperation, partnership and investment with the brothers in the Kingdom to develop the oil and energy sector, "noting that" this meeting comes as a continuation of the results of the visit of Prime Minister Muhammad Shia Al-Sudani to the Kingdom, and the desire of the two countries to develop bilateral relations, in addition to accelerating the conversion of joint projects into actual practical implementation, in a way that serves the common interests of the two brotherly peoples. "

He pointed to" the distinguished relations between Iraq and the Kingdom, which witnessed great development, and Iraq's welcome to Saudi companies to invest and participate in the development of oil and gas fields, refining, infrastructure and others.

https://ninanews.com/Website/News/Details?key=1065835

Details Of The 20th Session Of The Ministerial Council For Economy

Money  and business Economy News – Baghdad  Today, Wednesday, the Ministerial Council of Economy decided to reduce rents for fish farms.

A statement by the Ministry of Foreign Affairs stated, "Deputy Prime Minister and Foreign Minister Fuad Hussein chaired the twentieth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister, Minister of Planning, Ministers of Finance, Trade, Industry and Agriculture, Secretary General of the Council of Ministers, Governor of the Central Bank of Iraq, Chairman of the National Investment Commission, Advisor to the Prime Minister for Legal Affairs and Chairman of the Securities Commission."

The statement added, "The council discussed the items on its agenda and took the appropriate decisions in this regard," noting that "the council hosted the Minister of Water Resources to review the work and plans of the ministry to include strategic irrigation projects and benefit from the experience of discreet companies and the introduction of modern methods of irrigation.

And the statement continued, "The council discussed the project to build a hospital with a capacity of (600) beds, and the problems related to this project."

According to the statement, the Chairman of the Council stressed, "the need to complete the hospital project in accordance with the legal contexts and in a transparent manner, to complete all requirements and according to the applicable instructions, and to prepare files and priorities in order to present them in the upcoming meetings."

And the council decided to "reduce the rental fees for fish breeders' farms contracting with the Ministry of Agriculture and who were unable to complete their projects due to the expansion of the salt spout in the Shatt al-Arab." Views 88 07/19/2023 - 3:22 PM  https://economy-news.net/content.php?id=35218

Transport: The Revenues Of Iraq's Ports Amounted To Half A Trillion Dinars Within 6 Months

Money  and business  Economy News – Baghdad   The Ministry of Transport announced, on Wednesday, that the General Company for Iraqi Ports achieved “exceptional” financial revenues during the first half of the current year 2023.

The ministry said in a statement, "The financial revenues of the Iraq Ports Company amounted to nearly half a trillion Iraqi dinars, during the first six months of the current year 2023."

The statement added, "These revenues exceeded by a large margin the revenues achieved during the same period in the previous two years."

And the statement continued, "The exceptional financial achievement reflects the success of the development plans adopted by the company's management under the supervision of the minister, which reflects the strength and sustainability of the company's growth and its ability to achieve good financial profits."  Views 17 07/19/2023 - https://economy-news.net/content.php?id=35222

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

Bond Ladys Corner

"Tidbits From TNT" Wednesday Morning 7-19-2023

TNT:

CandyKisses:  Parliamentarian: Iraq needs to legislate the oil and gas law to complement the budget

MP Kazem Al-Touki stressed Iraq's need to legislate important laws, including the Oil and Gas Law, which complements the federal budget.

Al-Touki said in a press interview seen by "Taqaddam" that: "What matters to the work of the House of Representatives is legislation and oversight, and the country today needs to legislate important and strict laws related to the citizen."

"Today, laws have been enacted, including the Intelligence and National Security Law, and we have already issued important laws, including electronic extortion," he said.

Touki pointed to "the demand of the presidency of the parliament that the second legislative term be different from the first in terms of important laws."

"We are waiting for the most important law complementary to the budget and the stability of the country's economy, which is the controversial oil and gas law," he said.

"All parliamentary committees continue to host officials with intensive visits to state institutions," al-Touki said.

CandyKisses:  9 accused of illegally trading dollars arrested in Baghdad

Information/Baghdad...

On Tuesday, intelligence detachments managed to arrest 9 people accused of illegally trading dollars in Baghdad.

The Ministry of Interior said in a statement received by Al-Maalouma that "the detachments of the intelligence agency in Baghdad received information related to the existence of fake and unlicensed shops and offices practicing the work of remittances and buying and selling foreign currency illegally, in addition to violating some shops (K-Card) and their exchange of foreign currency."

He added, "After obtaining judicial approvals, the intelligence agency's detachments in Karkh, accompanied by staff from the Central Bank, proceeded to check the aforementioned shops that are located in the Al-Harithiya area within commercial and residential buildings, where (9) people were arrested inside these fake offices and seized in their possession amounts estimated at ( 250,000) US dollars and more than (200,000,000) Iraqi dinars. The statements of the suspects were recorded and they will be referred to the competent authority. 

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Tishwash:  Parliamentary wealth: Iraq aborted the malicious American agendas with the oil and gas agreement

A member of the Parliamentary Oil, Gas and Natural Resources Committee, Alaa Al-Haidari, affirmed Iraq's success in breaking the US hegemony over the Iraqi energy sector by bartering oil with gas.

 Al-Haidari said in a televised interview, followed by Al-Maalouma, that "America is practicing a malicious policy against Iraq, but the Iraqi negotiator surrounded the American crisis and won the energy file over Washington."

 He added, "Iraq must continue to barter with Iran and not be subject to US sanctions."

He pointed out, "The government must proceed with the barter agreement with Iran and make it a success and develop it, because America will review its calculations that Iraq is in a new situation that differs from what it was in the time of Mustafa Al-Kazemi."

Al-Haidari pointed out that "America is now with its weakest strength, but it is trying to impose its will with malice, and that barter mechanisms with Iran must be developed, and the Banias pipeline should be developed and invested in the best way."  link

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CandyKisses:  Citizens in Mosul call on the central bank and the government to solve the exchange rate problem

Mosul (NINA) - Citizens from Mosul called on the central bank and the government to take urgent measures to address the problem of the continuous rise in the exchange rates of the dollar, which has reached in the markets about 150,<> dinars per hundred dollars.

One of the most prominent merchants in the city of Mosul, Hassan Klawi, said in a statement to the Iraqi National News Agency (Nina) that "the continued rise in this way affects the economic situation and markets in Mosul and all of Iraq."

He added that "the markets of Mosul are witnessing a very large recession due to the high prices of food products, which was a major reason for the rise in the price of the dollar, which negatively affected the Mosul street, calling on the Central Bank to intervene quickly to solve the crisis of the rise in the price of the dollar, which negatively affected citizens due to the deterioration of the economic conditions in Iraq in general, especially Nineveh."

Citizen Uday Al-Badrani stressed that "this increase has led to a deterioration in the purchasing power of citizens and an increase in the cost of living.

Prices have been significantly affected, he said, as prices of basic commodities, foodstuffs and basic necessities have risen. Various economic sectors, such as industry, agriculture and trade, have also been affected by the high import costs and the decline in investments, which led to the deterioration of the economic situation and increased unemployment and poverty rates," he said, calling on the Central Bank to intervene quickly in order to end the violations of these high prices in light of this difficult economic situation.

Mot: . Just love the internet! - Just Finded the Perfect ""Stress Diet""

Mot: Bananas instead of Pringles?

Wednesday Morning Iraq Economic News Highlights 7-19-23

Wednesday Morning Iraq Economic News Highlights 7-19-23

Implementation Of The General Budget Law

Economy   2023/07/18 Number of readings: 450   Baghdad-Iraq today:  Member of Parliament, Muhammad Radi, revealed today, Tuesday, the date for implementing the general budget law in ministries and government institutions, while confirming that the Ministry of Finance will send the budget to all ministries tomorrow or the day after.

Radi said in a press interview, "The launch of the salaries of the new job grades will take place after the completion of sending information and orders to all institutions and state ministries," noting that "there are thousands of new recruits awaiting the release of their salaries with the budget.”

And he continued, "The implementation of the budget will be decided this week after it was also circulated to all governorates," pointing out that "there are many job grades that have been allocated and are waiting for full implementation to open the doors for submission to them.”

And on the date of implementation of the general budget, between Radi: “The Ministry of Finance will send the budget to all ministries and institutions tomorrow or the day after tomorrow.”

Many segments of society are waiting for the implementation of the budget on the ground, especially after the appeals submitted by the government to the Federal Court were answered, in addition to the cessation of many service projects due to the lack of financial funding for them, amid warnings of continued delay in its implementation seven months after its approval in the House of Representatives.

LINK

Parliamentarian: Iraq Needs To Legislate The Oil And Gas Law That Complements The Budget

Deputy Kazem Al-Touki stressed the need for Iraq to legislate important laws, including the oil and gas law, which is complementary to the federal budget.

Al-Touki said in a press interview seen by “Takadam” that: “What matters to the work of the House of Representatives is legislation and oversight, and the country today needs to legislate important and strict laws pertaining to the citizen.”

He added, "Today, laws have been legislated, including the Intelligence and National Security Act, and we have previously issued important laws, including electronic extortion."

Al-Touki referred to "the parliament's presidency request that the second legislative term be different from the first in terms of important laws."

He continued, "We are waiting for the most important complementary law to the budget and the stability of the country's economy, which is the controversial oil and gas law."

"All parliamentary committees will continue to host officials with intensive visits to state institutions," Al-Touki stressed.   https://takadum-news.com/archives/174407

Al-Tamimi: The Oil And Gas Law Needs To Include The Decisions Of The Federal Court

Information / Baghdad ...  Legal expert Ali Al-Tamimi stressed, on Wednesday, the importance of not violating the decisions of the Federal Court when moving towards approving the oil and gas law, especially since its decisions are final and binding for implementation.

Follow the "information" channel on Telegram.. news that does not need to be documented..

Al-Tamimi told / information /, "The draft oil and gas law consists of 53 articles, as it required the establishment of the Federal Oil Council headed by the Prime Minister and the membership of the Minister of Oil and Finance, the Governor of the Central Bank, a representative of the producing provinces and regions, and experts in oil, and taking into account the representation of the components of the people.

 It is responsible for setting petroleum policies, issuing instructions for implementing contracts, approving exploration, development and production, approving contracts and other terms of reference stipulated in the project.

He added, "The signing of the contracts shall be by the Federal Ministry of Oil, provided that it is approved by the Federal Oil Council within 3 months and referred to the Council, otherwise it is considered null and void. The first is that it be service contracts only, not participation."

And he indicated that "the law needs to be imposed on contracting companies to employ Iraqis exclusively, as self-producing countries do, and this is important, in addition to the issue of previous contracts to legislate the law, so it must be stipulated, and the problem with contracting companies other than the constitution and decisions of the Federal Court should be resolved according to the principle of joint management of the two parties, that is The federal government and the region, with the exclusive right to dispose of the federal government in accordance with Article 135 of the Civil Code, which states (whoever disposes of the property of others, his disposition is dependent on the permission of the owner).

He pointed out that "the law needs to explicitly stipulate the penalties that affect the parties that conclude contracts in violation of this law, as well as specifying the oversight bodies that have the right to view these contracts, in addition to its need to stipulate the rest of the oil products, not just oil and gas."

Al-Tamimi stressed, "The need for the draft law to include the decisions of the Federal Court, especially since these decisions are final and binding on all authorities, according to Article 94 of the Constitution." LINK

Parliamentary Wealth: Iraq Aborted The Malicious American Agenda With The Oil And Gas Agreement

Information/Baghdad.. A member of the Parliamentary Oil, Gas and Natural Resources Committee, Alaa Al-Haidari, affirmed Iraq's success in breaking the US hegemony over the Iraqi energy sector through the exchange of oil for gas.

Follow the "information" channel on Telegram.. news that does not need to be documented..

 Al-Haidari said in a televised interview, followed by Al-Maalouma, that "America is practicing a malicious policy against Iraq, but the Iraqi negotiator surrounded the American crisis and won the energy file over Washington."

 He added, "Iraq must continue to barter with Iran and not be subject to US sanctions."

He pointed out, "The government must proceed with the barter agreement with Iran and make it a success and develop it, because America will review its calculations that Iraq is in a new situation that differs from what it was in the time of Mustafa Al- Kazemi.”

Al-Haidari pointed out that "America is now with its weakest strength, but it is trying to impose its will with malice, and that barter mechanisms with Iran must be developed, and the Baniyas pipeline should be developed and invested in the best way. " LINK

Iraq Reduces Its Holdings Of US Bonds For The Fourth Consecutive Month

2023-07-19 01:24 Shafaq News/ The US Treasury announced, on Wednesday, that Iraq's possession of US bonds decreased for the fourth month in a row, to reach about $32.1 billion.

The treasury stated in its latest census, seen by Shafaq News agency, that "Iraq's possession of US Treasury bonds for the month of May 2023 decreased by 2.1 billion dollars to reach 32.7 billion dollars, after it was 34.8 billion dollars during the previous month," indicating That "these bonds decreased by 0.61% over the same period in 2022, when Iraq's possession of bonds amounted to $32.9 billion."

In the Arab world, Saudi Arabia comes at the forefront of the countries with the most possession, amounting to 113.3 billion dollars, and the UAE comes second with 69 billion dollars, then Kuwait third with 41.4 billion dollars, then Iraq fourth, and Oman fifth with 7.061 billion dollars.

She pointed out that "the most holders of US bonds are Japan with 1096.8 trillion dollars, followed by China with 846.7 billion dollars, followed by the United Kingdom with 666.6 billion dollars, and then comes Belgium with 335.5 billion dollars."

She indicated that the volume of bonds for countries in America amounted to 7.527.4 trillion dollars. LINK

5 Challenges Facing Restoring The Iraqi-Syrian Oil Pipeline.. What About "Caesar" And The Conflict Zone?

Economy  |Baghdad today - Baghdad   Today, Wednesday (July 19, 2023), economist Nabil Al-Marsoumi explained the five challenges facing restoring the Iraqi-Syrian oil pipeline, while referring to the differences between Baghdad and Damascus in this regard.

Al-Marsoumi said in a post I followed (Baghdad Today): “The Iraqi-Syrian oil export pipeline dates back to 1952, when it was implemented by the British (BP) company. international coalition) in Iraq and Syria.

The Tube And Its Design Capacity

He added: "The length of the line is 800 km with a diameter of 32 inches, and it connects the fields of Kirkuk and the port of Banias in Syria and Tripoli in Lebanon, and its design capacity is 700 thousand barrels per day."

While the economist pointed out that "the interest in reviving this line returned after Turkey refused to resume Iraqi oil exports from the fields of Kirkuk and Kurdistan through the Turkish port of Ceyhan," it is likely that "this line will be a substitute for the Iraqi-Turkish line and a new outlet for Iraqi oil exports, but the re-work In this line, he faces a set of difficulties and challenges.

Difficulties And Challenges

Al-Marsoumi outlined the challenges facing restoring the line as follows:

First: The project conflicts with the US sanctions imposed on Syria. Therefore, passing the project requires US approval, because it passes through areas under Washington's influence, and bypasses the Caesar Act.

Second: The pipeline territory is a conflict zone in both Iraq and Syria.

Third: the high cost of completely rebuilding the infrastructure of the destroyed project.

Fourth: The high cost of maintaining the pipelines, and the authorities responsible for the security and guarding of the pipeline, which passes through the Syrian Desert, in which ISIS cells are active.

Fifth: If Iraq has the financial ability to maintain the line on the Iraqi side, but Syria does not have the ability to do so, in addition to the differences between Iraq and Syria.

On the issue of re-establishing the pipeline, he explained that "Baghdad demands that this be done equally between it and Damascus, while the latter refuses to do so."

And on (July 17, 2023), the Iraqi government spokesman, Basem Al-Awadi, announced that the renewal of the Banias line for the export of Iraqi oil through Syria, and the presence of international forces in the region may be among the files raised during the meeting of Prime Minister Muhammad Shia al-Sudani with Syrian President Bashar al-Assad. in Damascus. LINK

Obelisk Clock: Finance And Foreign Ministers Received Bribes And Yachts From Kuwait

July 18, 2023  Baghdad / Obelisk Al-Hadath: The Obelisk publishes the most prominent interactions of TV dialogues:

First Deputy Chairman of the Parliamentary Integrity Committee, Alia Nassif, during a televised interview:

– Rafie Al-Issawi paid 500 thousand dollars to open the border file with Kuwait and sparked controversy

– Hoshyar Zebari was a lawyer for Kuwait

– the border file between Iraq and Kuwait was handled by “traitor negotiators”

– Hoshyar Zebari was a “saboteur” in the negotiations between Iraq and Kuwait

– Osama Al-Nujaifi “betrayed the people In his vote on the Khawr Abdullah agreement

- the implementation of the Khawr Abdullah agreement was dreamed of by Hoshyar Zebari and Rafi al-Issawi

- the Khawr Abdullah agreement was implemented and Iraq under Chapter VII

- Kuwait established artificial islands to change the borders

- Kuwait established new maps and deposited them with the United Nations

- Kuwait handed over the ministers The negotiators, with the exception of Al-Amiri, “a bunch of money”

– “finance and foreign ministers” received bribes and yachts from Kuwait

– Hoshyar Zebari admitted in Parliament that he received a bag of money from Kuwait

– Recording Hoshyar Zebari’s confession of receiving a Kuwaiti bribe who “disappeared” inside Parliament

– ​​The Ministry of Foreign Affairs is required to submit a memorandum to the Security Council against Iraq in the Dorra field

– Rafi Al-Issawi paid 500 thousand dollars to open the border file with Kuwait and sparked controversy

– The border file between Iraq and Kuwait was handled by “traitor negotiators”

Hoshyar Zebari was a “saboteur” in the negotiations between Iraq and Kuwait.

Osama al-Nujaifi “betrayed the people” in his vote on the Khawr Abdullah agreement.

The implementation of the Khawr Abdullah agreement was dreamed up by Hoshyar Zebari and Rafi al-Issawi

. The Khawr Abdullah agreement was implemented and Iraq under Chapter VII

– Kuwait . It created artificial islands to change the features of the borders

- Kuwait created new maps and deposited them with the United Nations

- Kuwait handed over the negotiating ministers, with the exception of Al-Amiri, a "wheel of money"

– “Finance and foreign ministers” received bribes and yachts from Kuwait

– Hoshyar Zebari admitted inside parliament to receiving a bag of money from Kuwait

– Recording Hoshyar Zebari’s confession of receiving a Kuwaiti bribe who “disappeared” inside Parliament

– ​​The Ministry of Foreign Affairs is required to submit a memorandum to the Security Council against Iraq in the Durra field

– Ministry The Foreign Ministry raised an international memorandum on the “Al-Aij Fishhah” and later withdrew it

– Iraq’s money is “hostage” to America

– the National Assembly held the Kuwaiti government accountable for bribes paid to Iraqi officials

– the border file between Iraq and Kuwait witnessed “betrayal, not weakness”

– Iran informed Kuwait that its maps are illegal

– I do not have confidence in the Ministry of Foreign Affairs

– the Arab countries do not want to complete the port of Faw

– the Dawa Party does not adopt insulting references and clerics

– Our upbringing does not allow insulting the turban and burning headquarters as “sedition”

– Channels funded by the “Kurdish Intelligence” target the honor of Iraqi women

– Erbil does not apply arrest warrants issued from Baghdad

– Erbil was a hotbed of criminals and wanted persons

– Erbil is “rebellious” against the decisions of the central government

– ​​the State Audit Bureau says He does not have the authority to know the data of Kurdistan employees

- Rafie Al-Issawi paid 500 thousand dollars to open the border file with Kuwait and sparked controversy

- Hoshyar Zebari was a lawyer for Kuwait

- the border file between Iraq and Kuwait was handled by “traitor negotiators”

- Hoshyar Zebari was a “saboteur” in the negotiations between Iraq and Kuwait

- Osama al-Nujaifi “betrayed the people” in his vote on the Khawr Abdullah agreement

- the implementation of the Khawr Abdullah agreement is borne by Hoshyar Zebari and Rafi al-Issawi

- The Khor Abdullah agreement was implemented and Iraq under Chapter VII

- Kuwait established artificial islands to change the features of the borders

- Kuwait created new maps and deposited them with the United Nations

- Kuwait handed over the negotiating ministers, except for Al-Amiri, "a bunch of money"

- "finance and foreign ministers" received bribes and yachts from Kuwait

- Hoshyar Zebari confessed in Parliament to receiving a bag of money from Kuwait

- Recording Hoshyar Zebari's confession of receiving a Kuwaiti bribe "disappeared" inside Parliament

- The Ministry of Foreign Affairs is calling for a memorandum to the Security Council against Iraq in the Al-Durra field

- Al-Halbousi supports the government's measures to combat corruption in Anbar

- We salute Mr. Al-Sadr for preventing him Sedition because he knows there are people who desire vandalism and breaking the law

- Al-Sudani’s trip to Erbil is a “visit of reassurances”

The leader of the State of Law coalition, Haider al-Lami, during a televised interview:

There are many who do not like the stability of the political process

. There are internal and external factors that do not want the stability of the country

. The work done by some supporters of the Sadrist movement is totally rejected

. Sedition resulted after the statements of Mr. al-Sadr and the patriarchal Dawa

Party

. Al-Maliki is the head of the political hierarchy in Iraq and he proved this during all these stages

- Al-Maliki does not accept offense to anyone

- The absence of the Sadrist movement from the political process is a big hole

- The Sadrist movement isolated itself by withdrawing from the political process

- Al-Sadr resisted the American occupier and preserved the political process

- it cannot Discard the chest even if it does not have one seat

Mayor of Baghdad Ammar Musa during a televised interview:

– All projects completed during the current year from food security allocations

– In the event that partisan quotas are imposed on the Secretariat, it will not be able to provide the required services

– 17 leadership positions were replaced in the Secretariat based on a technical and professional assessment

– ​​Many of the laws under which the Secretariat operates go back to previous stages

– there are Many abusive employees in the municipality departments, and some of them were referred

- the owners of the violating projects accomplish their work by seeking the help of corrupt employees.

A quarter of Iraq's population lives in Baghdad, which causes pressure on the infrastructure

- the new Sadr City within the development plan for the capital, Baghdad

- we agreed with international consulting bodies to implement Sadr City Al-Jadida in the middle of the eighth month

- the new Sadr City will witness the construction of 10,000 housing units

- the city of Basmaya is a new experience and it lacks a link road with Baghdad

– The old mechanism for collecting money is considered one of the gates to corruption, and we are working to develop the mechanism for collecting money through the electronic system

– We have intentions towards privatizing the cleaning sector through specialized companies

– We have 20 projects to remove traffic jams in the streets of the capital

– We have 60 projects between a bridge, a tunnel and the expansion of a street in BaghdadWe are planning to establish a fifth annular project around Baghdad with a width of 120 meters

- we have activated quality control and monitoring to audit all implemented projects

Deputy Chairman of the Parliamentary Agriculture and Water Committee, Hussein Mardan, during a televised interview:

- Water scarcity is clear and explicit in Iraq

- The Ministry of Resources does not have any ingredients to find solutions to the water crisis

- Agriculture is continuous and better than oil

- Turkey has not released water to Iraq since the beginning of this month

- Iraq's water reserves are constantly decreasing

- Turkey does not respond to Sudanese negotiations and calls for release Water

- We insist on severing trade and economic relations with Turkey until the water is released

- Turkey did not abide by the water agreements with Iraq

- Strict political decisions must be taken against Turkey

- Turkey is obligated to release water since the beginning of this month

- There is an underestimation by Turkey in dealing with Iraq

Advisor to the Ministry of Agriculture, Mahdi Al-Qaisi, during a televised interview:

- The water crisis is cumulative and not a spur of the moment

- Upstream countries have reduced water revenues to Iraq

- Turkey must be pressured economically and the trade balance with it should be reviewed

- Modern irrigation techniques must be expanded to legalize water waste

- Irrigation systems depend on imports

- We need a high-level negotiating delegation to pressure Upstream countries and water harvesting

- No summer or winter plan will be approved without meeting with the Ministry of Resources

- The cultivation of "salab" has shrunk greatly due to the lack of water quantities

- Iraq has reached "dead" storage during the current period

- Iraq has reached the stage of "scarcity" of water and not Its scarcity

- agricultural plans must be reviewed and fish farming supported in a closed system

- the Ministry of Agriculture is unfair in terms of budgets

Director General of Water Resources in Dhi Qar Abd al-Ridha during a televised interview:

The water situation in Dhi Qar has not reached the stage of the red line despite the receding of the marshlands, and we are working to secure the requirements of its residents and their livestock.

Denial and water levels in it are low, but it did not reach its abandonment and the Ministry of Resources took measures to reduce the damage

- the area of ​​cultivated land in Dhi Qar increased to 450 thousand dunums, and Iraq is going through a water scarcity

- canceling the agricultural season in theory is good, but it cannot be applied on the ground by 1% No one can prevent farmers from practicing their basic profession in agriculture, and it will also raise the unemployment rate

Securing water for the marshes at high rates to ensure that turtles do not die is no better than securing water for farmers, and resources have priority by securing drinking water, domestic uses, orchards, and land percentages that have been set for agriculture.

Director General of the Technical Department at the Ministry, Najla Mohsen Al-Waeli, during a televised interview:

- The incoming water flows to Iraq have reached less than 200 cubic meters per second, and it is unfortunate that the agricultural areas have increased despite the water scarcity

- Hundreds of thousands of fish have died in one river in the governorate

- The need to set a minimum level of water for the marshes according to UNESCO

- Al-Waeli warns of the water scarcity that It leads to migration, poverty, displacement, sand dunes, storms, and an environmental catastrophe

- wasting resources. Putting flooding the marshes in the last priority is a fatal mistake.

Member of the Fatah Alliance, Salam Hussein, during a televised interview:

- What happened in Najaf is unfortunate from parties that do not want good for Iraq

- Enemies of religion are trying to stir up discord in the country by establishing fake pages and electronic armies

- Members of parliament are working to collect signatures to enact a law criminalizing insulting great references

- There is almost unanimity to adopt a law to criminalize offense Violation of religious references

- A law criminalizing insulting religious references will soon see the light

- we hope that parliament will enact a law criminalizing information publishing on communication sites

- the legislator must choose words that do not accept interpretation and formulate materials to prevent abuse of references

- there is sedition that some parties are trying to fuel in Iraqi street

Member of the Parliamentary Integrity Committee, Saud Al-Saadi, during a televised interview:

– The procedures of the Integrity Commission and the anti-corruption campaign produced many facts

– more than 4,000 state-owned properties seized by certain parties were revealed

– there are positive methods and procedures for detecting financial receivables and illicit gain

– a lot of Iraqi money was seized through procedures The Commission continues to reduce corruption

- there is a case of looting of public money and it needs a serious stance from everyone

- the cost of recovering smuggled money should not be more than its value

- we see effective and accurate procedures for detecting corruption and we need greater clarity and transparency in dealing with funds

https://almasalah.com/archives/59176

Iraqi News Highlights Tuesday Evening 7-18-23

Iraqi News Highlights Tuesday Evening 7-18-23

Tlm724 Administrator Bondlady’s Corner

Washington Renews Its Support For The Security And Stability Of Iraq

Political  | 02:12 - 07/18/2023  Baghdad - Mawazine News  Today, Tuesday, Washington renewed its support for the security and stability of Iraq.

And the Presidency of the Republic stated in a statement, a copy of which Mawazine News received, that "President of the Republic, Abdul Latif Jamal Rashid, received today, Tuesday, at the Baghdad Palace, Chargé d'Affaires of the US Embassy in Iraq, David Burger."

During the meeting, the president stressed, according to the statement, "the importance of the relations that bring the two countries together in many areas of mutual interest, pointing to the need to strengthen and develop them in a way that serves common interests."

Speaking about the displaced, Rashid pointed to "the importance of the role of the United Nations organizations and revitalizing their work in order to help end the file of the displaced and provide the required support for their return to their areas."

For his part, the Chargé d'Affaires of the US Embassy renewed, according to the statement, "the United States' support for the security and stability of Iraq."

https://www.mawazin.net/Details.aspx?jimare=231578

Oil Prices Are Back In The Green

Economy | 02:04 - 07/18/2023  Baghdad - Mawazine News  Oil prices rose, in trading today, Tuesday, following a decline recorded yesterday, Monday, after the weak Chinese economic growth data.

By 09:20 Moscow time, US West Texas Intermediate crude futures rose 0.20% to $74.30 a barrel.

Meanwhile, Brent crude futures rose by 0.13% to $78.60 a barrel, according to Bloomberg agency data.

Yesterday, black gold prices fell by 1.7%, and the decline came after data showed that the Chinese economy grew at an annual rate of 6.3% in the quarter from April to June 2023, which is much lower than what analysts expected given the slow pace of growth in the previous year.

https://www.mawazin.net/Details.aspx?jimare=231576

$220 Million In Central Bank Sales

Economy News – Baghdad  Today, Sunday, sales of the Central Bank of Iraq, in the foreign currency sale window, increased to more than 220 million dollars.

The Central Bank’s website published a schedule of its dollar sales, and “Al-Iqtisad News” reviewed it, as it included the participation of 43 banks and 29 exchange companies, and covered external transfer requests of $170.5 million, while cash requests amounted to $49.4 million.

And the Central Bank of Iraq sells the dollar for documentary credits and international settlements of electronic cards at a price of 1305 dinars per dollar.

30 views  Added 07/18/2023 - 12:57 PM  https://economy-news.net/content.php?id=35210

The Stability Of Dollar Prices In Baghdad With The Closing Of The Stock Market

Economy  Tuesday, July 18, 2023 Baghdad / The National News Center   The exchange rates of the US dollar against the Iraqi dinar stabilized today, Tuesday, on the main stock exchange in the capital, Baghdad.

The correspondent of the National News Center said, “The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded an exchange rate of 148,200 dinars, compared to 100 dollars, while the prices this morning were 148,100 dinars.”

He added, "The buying and selling prices have stabilized in the exchange shops in the local markets in Baghdad, where the selling price reached 148,500 dinars, while the purchase prices amounted to 147,500 dinars per 100 dollars."   https://nnciraq.com/217082/

Specialists: The Local Economy Needs Advanced Technology

Money  and business  Economy News – Baghdad  Advisor to the Prime Minister for Investment Affairs, Muhammad Al-Najjar, confirmed:

The government is serious about supporting the productive and service sectors, in a way that leads to reviving the qualitative national product and returning it to the local markets, while

specialists believe that the local economy needs advanced technology.

Al-Najjar said in an interview with "Al-Sabah", followed by "Al-Iqtisad News":

"The country is able to advance the reality of production and services through the adoption of advanced technology," pointing out that

"Iraq can rotate the wheel of industrial and agricultural production through which the

country's wealth can be maximized, and

create A capital circulation within the country that would work to expand the circle of work, by

employing financial revenues in new projects that achieve great benefit to the national economy.

Views 80     Added 07/18/2023 - 10:43 AM   https://economy-news.net/content.php?id=35203

Al-Kafae: The Private Sector Is Serious About Achieving Economic Development

July 18, 2023    Last updated: July 18, 2023  The Independent/- The Managing Director of the International Islamic Bank, Suha Al-Kafaei, stressed the need to work to seriously activate the role of the private sector in economic life. 

Al-Kafaei said that the private sector is able to operate the work system inside the country in a way that achieves economic benefit and addresses all economic problems without exception by employing development initiatives in the correct manner and in line with the economic reality. 

She pointed out that the private sector has the active human and material capabilities that turn plans into real projects on the ground, and that the private sector has innovation for the new that transfers the state of the economy to a better stage than it is.   https://mustaqila.com/الكفائي-القطاع-الخاص-جاد-في-تحقيق-التن/

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