Iraqi News Highlights Sunday Afternoon 12-4-22
Tlm724 Administrator Bondlady’s Corner
The Central Bank Hosts The Meetings Of The International Monetary Fund Mission In Baghdad
Political | 03:22 – 04/12/2022 Baghdad – Mawazine News The Central Bank of Iraq announced, on Sunday, that meetings of the International Monetary Fund mission will be held in the Iraqi capital, Baghdad, on Wednesday and Thursday.
The Director of the Media Office of the Central Bank of Iraq, Omar Assem, said, “The meeting will take place on Wednesday and Thursday of this week, in the presence of the Governor of the Central Bank, Mustafa Ghaleb Makhaif, the Minister of Finance, Taif Sami, and the IMF mission team, with the invitation of representatives of the ministries of planning, electricity, labor, water resources, and the environment at the meeting,” indicating The meeting, on its first day, will focus on major policy challenges.
Asim added, “On the sidelines of the visit, the mission will hold its meeting on the second day with the Iraqi Company for Financing Small and Medium Enterprises, Vitas Company, and a staff from the Banking Control Department at the Central Bank of Iraq.”
He stressed, “The mission’s meeting with the Central Bank of Iraq aims to develop work in the banking sector in Iraq, especially as it has gained international confidence and enhanced financial inclusion, as well as strengthening global monetary cooperation and ensuring financial stability.” Ended 29 / h.
The Central Bank hosts the meetings of the International Monetary Fund mission in Baghdad
Posted On2022-12-04 By Sotaliraq The Central Bank of Iraq announced, on Sunday, that meetings of the International Monetary Fund mission will be held in the Iraqi capital, Baghdad, on Wednesday and Thursday.
The Director of the Media Office of the Central Bank of Iraq, Omar Assem, said, “The meeting will take place on Wednesday and Thursday of this week, in the presence of the Governor of the Central Bank, Mustafa Ghaleb Makhaif, the Minister of Finance, Taif Sami, and the IMF mission team, with the invitation of representatives of the ministries of planning, electricity, labor, water resources, and the environment at the meeting.” The meeting, on its first day, will focus on major policy challenges.
Asim added, “On the sidelines of the visit, the mission will hold its meeting on the second day with the Iraqi Company for Financing Small and Medium Enterprises, Vitas Company, and a staff from the Banking Control Department at the Central Bank of Iraq.”
He stressed, “The mission’s meeting with the Central Bank of Iraq aims to develop work in the banking sector in Iraq, especially as it has gained international confidence and enhanced financial inclusion, as well as strengthening global monetary cooperation and ensuring financial stability.” LINK
Al-Sudani Meets With The Governor Of The Central Bank And Issues Directives Related To The Provision Of Foreign Currency
Money and business Economy News – Baghdad On Sunday, Prime Minister Muhammad Shia’a al-Sudani met with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif.
A statement from Al-Sudani’s office stated that the latter “listened to a briefing on the progress of regulatory work and the policies of the Central Bank in the financial and monetary sectors.”
Al-Sudani directed to “conduct the necessary treatments to provide foreign currency in the local market in accordance with the mechanisms and legal systems of the Central Bank, and also to provide it to citizens wishing to travel or receive treatment outside Iraq.”
And he stressed, “Going ahead with the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum, to lead the national economy to steady growth, which will reflect positively on the citizens’ livelihood and their level of financial empowerment.” Views 372 Added 12/04/2022 – 2:03 PM Updated 12/04/2022 – 5:06 PM
Al-Sudani Affirms The Continuation Of The Financial And Economic Reform Program For The Financial System
Sunday, December 4, 2022 1:57 PM Baghdad / National News Center Prime Minister Muhammad Shia al-Sudani confirmed, during his meeting with the Governor of the Central Bank, Mustafa Ghaleb Makhaif, today, Sunday, the continuation of the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum.
A statement from the Prime Minister’s Office, which was received by the National News Center, stated that “Al-Sudani met this morning with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif.”
Al-Sudani listened to a briefing on the progress of regulatory work and the policies of the Central Bank in the financial and monetary sectors.
The Prime Minister directed, according to the statement, to “conduct the necessary treatments to provide foreign currency in the local market in accordance with the mechanisms and legal regulations of the Central Bank, and also to provide it to citizens wishing to travel or receive treatment outside Iraq.”
The statement indicated that “Al-Sudani affirmed the continuation of the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum, to lead the national economy to steady growth, which will positively affect the citizens’ livelihood and their level of financial empowerment.” LINK
The Central Bank Decides To Increase The Weekly Share Of Dollar Sales
Economy News – Special The Central Bank of Iraq decided to increase the weekly share of dollar sales to exchange companies.
And “Al-Iqtisad News” obtained a document issued by the Central Bank and bearing the signature of Deputy Governor Ammar Hamad Khalaf, and addressed to banks, exchange companies and mediation companies, in which it stated, “Based on the objectives of the Central Bank to achieve stability in the general level of prices and exchange rates and to meet the high demand for currency Foreigners in the local markets decide to increase the weekly share of dollar cash sales.
The Central Bank called on exchange companies to submit applications, starting tomorrow, Monday, as the share of the exchange company with a rating of A will amount to 1.8 million dollars, an exchange company with a rating of B will amount to 750 thousand dollars, a brokerage company with a rating of C will amount to 80 thousand dollars, and the bank will have 200 thousand dollars.
He stressed that the Central Bank is ready to meet the needs of all citizens of foreign currencies according to the purposes allowed for financing, in addition to financing electronic payment cards that are used in payment operations outside Iraq at an exchange rate of 1470 dinars to one dollar.
Views 212 Added 12/04/2022 – 4:08 PM Updated 12/04/2022 – 5:04 PM
In The Document.. The Central Bank Announces An Increase In Dollar Cash Sales To Reduce Its Exchange Rate And Address The Current Rise
Sunday 04 December 2022 17:11 | Economical Number of readings: 10
Baghdad / NINA / – The Central Bank of Iraq announced an increase in dollar cash sales to reduce the exchange rate of the dollar and address the current rise.
And the bank affirmed, “its readiness to meet the needs of all citizens of foreign currencies according to the purposes allowed to be funded by law, in addition to financing the electronic payment card that is used in payment operations outside Iraq at an exchange rate of 1470 dinars to one dollar.” / End h
Head Of The Association Of Private Banks Wadih Al-Handal: We Are Working With The Government To Develop The Banking Sector
Money and business Economy News – Baghdad The head of the Iraqi Private Banks Association, Wadih al-Handal, confirmed on Sunday that the association is working with the government to develop the Iraqi banking sector and address weaknesses.
In his speech during the Erbil 2022 Banking Sector Development Conference, Al-Handal said, “The Iraqi Private Banks Association worked jointly with the Central Bank to establish an empowerment initiative to implement community initiatives in all governorates with support and financing for the banking sector.”
He added, “The Association is working with the government to implement the Cabinet’s decisions regarding the development of Iraqi banks, diagnosing weaknesses in the banking sector, and identifying ways to address them,” noting that “routine and financial and administrative corruption are among the most important challenges facing all sectors in Iraq.”
He stressed, “Erbil enjoys stability and provides an attractive environment for investment and banking work, and the Association aspires to work together with the Kurdistan Regional Government to develop and support various projects through the initiatives of the Central Bank of Iraq.”
Al-Handal explained, “The Association of Iraqi Private Banks is working with the Central Bank of Iraq to finance and develop small and medium enterprises in various sectors.”
In turn, the Director General of the Banking Studies Department at the Central Bank of Iraq, Basem Abdul Hadi, said, “The Central Bank has important positions in supporting the Iraqi economy through the banking sector by launching development initiatives that included various sectors.”
Abdul-Hadi added, in his speech during the conference, that “the central bank has taken effective steps to develop the banking sector, including conducting mandatory training for workers in the banking sector,” stressing that “the banking sector in Iraq faces great challenges, the most important of which is mutual trust between the public and banks, and the central bank is making efforts in this regard.” the field”.
For his part, the Governor of Erbil, Omid Khoshnaw, said at the Banking Sector Development Conference, “Kurdistan has been working for a long time to develop the banking sector in a way that is reflected in simplifying procedures to attract capital to Iraq and Kurdistan and thus achieve the goals of development and prosperity.”
He continued, “Achieving economic stability will lead to attracting foreign investment and building fruitful economic relations with neighboring countries,” noting that “the Kurdistan region is working with Baghdad to build the establishment of a large banking system capable of facing the challenges of money laundering and corruption.” Views 124 Added 12/04/2022 – 1:17 PM Updated 12/04/2022 – 5:09 PM
OPEC + Decides To Maintain Current Oil Production Levels
Economie| 03:50 – 04/12/2022 Baghdad – Mawazine News, the “OPEC +” group announced, in a statement issued by its ministerial meeting today, Sunday, to maintain the path approved last October to reduce oil production by two million barrels per day.
The statement stated that the next meeting of the alliance, which includes the 13 member states of the Organization of Petroleum Exporting Countries (OPEC) led by Saudi Arabia, and its ten allies led by Russia, will be held on June 4, 2023.
The members of “OPEC +” confirmed in the statement their readiness to meet at any time and take the necessary additional measures. In response to market conditions in order to maintain a balance of supply and demand.
Participants in the meeting told “Agence France Presse” that the decision to maintain current production levels came in light of an unstable climate on the eve of the entry into force of new sanctions targeting Russian crude. Ended 29 / H LINK
The Dollar Is Rising Again In The Iraqi Market
Economy | 09:45 – 04/12/2022 Baghdad – Mawazine News The exchange rates of the dollar rose today, Sunday, on the local stock exchange. Selling price: 149,700 dinars per 100 dollars Buying price: 149,600 dinars per 100 dollars LINK
Al-Sudani Directs To Conduct The Necessary Treatments To Provide Foreign Currency In The Local Market
Political | 01:54 – 04/12/2022 Baghdad – Mawazine News, Prime Minister Muhammad Shia Al-Sudani met, on Sunday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif.
A statement from Al-Sudani’s office stated that the latter “listened to a briefing on the progress of regulatory work and the policies of the Central Bank in the financial and monetary sectors.”
Al-Sudani directed to “conduct the necessary treatments to provide foreign currency in the local market in accordance with the mechanisms and legal systems of the Central Bank, and also to provide it to citizens wishing to travel or receive treatment outside Iraq.”
And he stressed, “Going ahead with the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum, to lead the national economy to steady growth, which will reflect positively on the citizens’ livelihood and their level of financial empowerment.” LINK
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