Iraqi News Highlights Tuesday Evening 12-20-22
Tlm724 Administrator Bondlady’s Corner
Leader In The Framework: The Government Will Adopt The Principle Of A Gradual Reduction In The Dollar Exchange Rate
Information / Diyala.. . The leader in the coordination framework, Aqil al-Rudaini, said on Monday that the government will adopt the principle of a gradual reduction in the dollar exchange rates to face the continued depreciation of the local currency.
Al-Rudaini said in an interview with Al-Maalouma, that “addressing the crisis of the dollar’s high exchange rate in the markets falls within the tasks of the Sudanese government, and it has the powers to do so by formulating immediate solutions in coordination with the Central Bank and the rest of the relevant financial departments.”
He added, “The Sudanese government will adopt in the coming days a series of solutions in order to increase the supply of dollars in the markets, leading to a reduction in the exchange rate, but according to a gradual framework in order to reach a specific ceiling that guarantees stability in the markets and gives flexibility that guarantees lowering prices, especially for basic materials.”
He pointed out that “the rise of the dollar affects the prices of many basic materials, and this matter must be paid attention to and strive to take all means in order to curb its rise in the coming period.”
The Iraqi markets witnessed a clear rise in the exchange rate of the US dollar, which led to damage to wide segments, especially the simple, through its impact on raising basic materials. LINK
The Jordanian Monarch: The Second Baghdad Summit Conference Confirms Iraq’s Pivotal Role
Political | 02:58 – 12/20/2022 Baghdad – Mawazine News , Jordan’s King Abdullah II affirmed, today, Tuesday, that the second Baghdad Summit confirms Iraq’s pivotal role in the region.
Abdullah said in his speech during the second Baghdad Conference for Cooperation and Partnership, which was held in the Jordanian capital, Amman, and was followed by Mawazine News, that “the second Baghdad summit conference confirms Iraq’s pivotal role and that Iraq’s stability is a cornerstone of the region,” stressing “support for Iraq’s efforts to support its security and sovereignty and the promotion of regional cooperation.
He pointed out that “energy supplies and dealing with climate change are among the most prominent challenges facing the region and the world,” pointing out that “there is an urgent need for stability in the region, cooperation, and addressing issues of poverty and unemployment.”
And the work of the second Baghdad summit was launched in the Jordanian capital, Amman, with the participation of Prime Minister Muhammad Shia’a al-Sudani. Ended 29 / m99
Kuwaiti Prime Minister: We Seek To Support Iraq In All Fields
political| 03:31 – 12/20/2022 Baghdad – Mawazine News Kuwaiti Prime Minister Sheikh Ahmed Nawaf Al-Ahmad Al-Sabah confirmed today, Tuesday, that the international community is interested in the stability of Iraq.
Al-Sabah said in his speech during the second Baghdad Conference for Cooperation and Partnership, which was held in the Jordanian capital, Amman, and was followed by Mawazine News, that “the Arab countries realize Iraq’s status and importance,” noting that “the Arab countries seek to restore Iraq’s active role in the region.”
He pointed out that “the electrical interconnection agreement with Iraq is an example of striving to restore its role and importance,” noting that “the striving to support Iraq in all fields and the security of the two countries is indivisible.”
He continued, “The visit of Prime Minister Muhammad Shia’a al-Sudani to Kuwait is clear indications of keenness to develop relations.”
And the work of the second Baghdad summit was launched in the Jordanian capital, Amman, with the participation of Prime Minister Muhammad Shia’a al-Sudani. Ended 29 / H
A New High In Oil Prices
Economie| 08:35 – 12/20/2022 Follow-up – Mawazine News Oil prices rose in early trading, today, Tuesday, supported by the weakness of the dollar and the US plan to rebuild its strategic reserves, but the gains were limited due to the uncertainty related to the impact of the rise in “Covid-19” cases in China, the largest oil importer in the world.
Brent crude futures rose 61 cents, or 0.8%, to reach $80.4 a barrel by 01:24 GMT, and US West Texas Intermediate crude futures rose 65 cents, or 0.9%, to $75.84 a barrel, after they increased by 90 cents. in the previous session.
The market received support from the US plan announced last week to buy up to three million barrels of oil for the strategic reserve, after the United States this year released 180 million barrels of storage, a record.
The weakness of the US dollar also supported prices because it makes oil cheaper for holders of other currencies, as the dollar index reached about 104.7. Ended 29/M99
UN Blaskhart announces the Sudanese support in sponsoring dialogue in the region
Iraq Tuesday, December 20, 2022 4:46 PM Baghdad / The National News Center
The Special Representative of the Secretary-General in Iraq, Jenin Plasschaert, announced today, Tuesday, support for the efforts of the Iraqi Prime Minister, Muhammad Shia Al-Sudani, to sponsor dialogue in support of stability in the region.
Blaskhart said in a speech during the second Baghdad Conference for Cooperation and Partnership, which was held in the Jordanian capital, Amman, and followed by the National News Center, that “many challenges know no borders, natural resources, epidemics, corruption, climate, insecurity, energy and nutrition, these challenges need cooperation among us.”
And she affirmed her support for “The Prime Minister, Muhammad Shia’a Al-Sudani, in setting up a stage for dialogue and investment in the region, and supporting the Iraqi government in implementing its program.” LINK
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