Iraqi News Tuesday Evening 10-4-22
Tlm724 Administrator Bondlady’s Corner
Economist for / Nina /: It is necessary to convert small denominations of currency into coins
Tuesday 04 October 2022 Economic Number of readings: 314 Baghdad / NINA / – The economic expert, Saleh Al-Hamashi, stressed that it is necessary to convert the small denominations of currency into coins.
He told the National Iraqi News Agency ( NINA ) that one of the tasks of the Central Bank is monetary policy, liquidity, existing currencies, lack of liquidity and financial dealings with large and small groups, trying to find other middle categories to facilitate the sale process.
Al-Hamashi added: The problem is not with currencies, but rather with inflation and the monetary mass in the market. There is no economic and financial benefit from this decision, but there will be an additional currency.
And he called on the government to: print larger coins and convert the small coins 250, 500 and 1000 into coins due to the large number of circulating them to preserve the cash mass in the market.
Al-Hamashi explained: It is not economically feasible to print a new currency, but rather it will be a redundant link in the monetary mass./End LINK
In The Document.. Commerce Seizes The Money Of The United Bank For Investment
Political | 04:03 – 04/10/2022 Baghdad – Mawazine News publishes / Mawazine News /, today, Tuesday, a document that includes the seizure of the funds of the United Bank for Investment.
The French Agency For Development To / NINA /: We Have Provided More Than 500 Million Euros To Finance Projects In Iraq, And These Are Our Priorities
Tuesday 04 October 2022 15:55 | political Number of readings: 188 Baghdad / NINA / – The French Agency for Development revealed that it provided financial support worth more than 500 million euros to finance projects in various governorates, and also disclosed its priorities for working with the Iraqi side during the next stage.
The Regional Executive Director of the French Development Agency, Catherine Bonod, stated, in a statement to the National Iraqi News Agency ( NINA ), that “a sum of 546 million euros has been released during the past years so far to finance and support various projects in Iraq,” and noted that “after the liberation of the provinces from gangs The terrorist Daesh did not have a direct presence in Iraq, but now and for years we have had serious direct and close monitoring and follow-up on everything related to the implementation of projects in Iraq.
She added, “Our major priorities are currently related to water treatment, and we are now working on two major projects, the first project in the Khalidiyah district, west of Anbar Governorate, and the other project in the Hamza district, south of the capital,” noting that “these two projects represent an important investment worth approximately 100 million euros for water treatment. heavy use of sewage systems”.
And she continued, “We will sign a contract to open a new hospital project in the city of Mosul with a value of 10 million euros at the end of this week, and we seek to have a presence in projects of other sectors and facilities, which I will disclose during my next visit to the capital, Baghdad, because we are still in the process of negotiating with the Iraqi side about it.” “.
On the nature of the work of the French Development Agency, Bonod clarified, “We are a financial financing institution, whose capital is from French shareholders and taxpayers, and therefore our implementation of these projects is subject to unparalleled follow-up and strict monitoring,” indicating, “We are part of the taxpayer, so I, as an executive director, monitor Implementation of projects because I am keen to spend the money we paid in its right place.”
Bonod confirmed, “The French Agency has dealings and functional cooperation, and it has control offices and secured accounts, and we follow up on the trading of equipment, goods and merchandise in the market directly and accurately before and after purchases.” / End 5
Sources For “Economy News”: Foreign Companies Want To Withdraw From Iraq Due To The Security Tension
Money and business Economy News / Baghdad Economy News – Special Informed sources revealed the desire of most foreign companies operating in Iraq to withdraw due to the blackmail they are subjected to by some armed groups, clans and others.
The sources told “Al-Iqtisad News”, “Many foreign companies operating in the oil, construction, services and other sectors wish to withdraw from Iraq, as a result of the security tensions and extortion it has been exposed to for quite some time, which affected the quality of the project.”
She stressed that “the government is unable to put an end to these behaviors, and to stop the blackmail, due to the influence of the blackmailers,” noting that “the bombing that took place at the end of last August on Parliament and the war that lasted for more than 10 continuous hours made several companies refuse to enter Iraq.” to work with.”
She noted that “the continuation of the military reviews by non-governmental bodies led to the desire of several companies to withdraw, which will be announced during the coming period.”
152 views Added 10/04/2022 – 3:12 PM Update 10/04/2022 – 5:21 PM
“Tamkeen Projects Reach Halabja” .. The Association Of Iraqi Private Banks Hosted By Azad Tawfiq
Banks Economy News / Baghdad The Iraqi Private Banks Association discussed with Halabja Governor Azad Tawfiq the possibility of implementing projects within the Tamkeen Fund in the province and opening a bank branch there.
Tawfiq’s office stated in a statement that “Azad Tawfiq, Governor of Halabja, received a delegation of Iraqi banks in the presence of a representative of the President of the Association of Iraqi Private Banks, the Director General of the Municipality and a number of representatives of the municipality.”
“Investment in the banking sector and providing banking services to citizens in Halabja governorate and opening a bank branch so that the citizens of this region can benefit from loans and banking services” were discussed.
After that, the attendees discussed “the projects of the Empowerment Fund for Community Initiatives” and exchanged ideas on the possibility of implementing a project in the governorate.
36 . views Added 10/04/2022 – 4:16 PM Update 10/04/2022 – 5:18 PM
https://economy-news.net/content.php?id=30039
Dollar Exchange Rates Against The Dinar
Economie| 09:32 – 04/10/2022 Baghdad – Mawazine News, the dollar exchange rates stabilized today, Tuesday, on the Iraqi Stock Exchange. Selling price: 147.700 dinars per $100 purchase price: 147.600 dinars per $100 https://www.mawazin.net/Details.aspx?jimare=207261
For The Second Day, Oil Prices Continue To Rise And Approach $90
Economie| 09:18 – 04/10/2022 Follow-up – Mawazine News: Oil prices continued to rise for a second day in early Asian trading, amid expectations that OPEC + may agree to a significant reduction in crude production when it meets tomorrow, Wednesday, but concerns about the global economy limited the gains.
Brent crude futures rose 41 cents, or 0.46 percent, to $89.27 a barrel by 0444 GMT, after gaining more than 4 percent in the previous session.
US crude futures also rose 22 cents, or 0.3 percent, to $83.85 a barrel. It had risen more than five percent in the previous session, posting its biggest daily gain since May. Ended 29/N33
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