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Iraqi News and Highlights Monday PM 7-13-20

TLM 724 Administrator BondLady’s Corner

The Dollar Is Settling In Iraq Today

Time: 7/13/2020 10:59:13 Reading: 4,290 times  {Baghdad: Al Furat News} Foreign currency markets in Iraq recorded, today, Monday, stability at the exchange rate of the US dollar against the Iraqi dinar.

The selling and buying prices of the dollar in banking companies and offices are as follows:

The selling price of one dollar is 1232.5 dinars, or 123 thousand and 250 dinars per hundred dollars.

The purchase price of the dollar is 1222.5 dinars, or 122 thousand and 250 dinars per hundred dollars.

As for the prices of foreign currencies, gold and crude oil – until the preparation of this news: the

Euro The international price: 100 euros = 113.30

Sterling dollars The global price: 100 pounds = 126.60 dollars The

Turkish lira The global price: 100 dollars = 686,60 Turkish pounds

An ounce price Gold globally = 1807.40 dollars a

Barrel price of Brent crude oil = 43.00 dollars a

Barrel of US crude oil = 40.26 dollars.


Domestic And Foreign Borrowing Law Comes Into Effect

Time: 7/13/2020 13:47:38 Read: 2,834 times  {Baghdad: Al Furat News} The Iraqi Official Gazette {official} published a law on domestic and external borrowing to enter into force.

A statement of the Ministry of Justice, which the {Euphrates News Agency} received, a copy of it, quoted the Director General of the newspaper’s department, Haifa Shukr Mahmoud, as saying that “the new issue of the Iraqi Fact Sheet has been issued with the number (4590), which included a presidential decree and a number of decisions and statements that Ratified by the Presidency of the Republic. ”

And he stated, “The issue included the issuance of Law No. (5) for the year 2020, domestic and foreign borrowing to finance the fiscal deficit for the year 2020.”  LINK

The Iraqi Financial Market Closed 1.88% Up From The Previous Session

Time: 07/13/2020 14:02:58 Reading: 1,105 times  {Baghdad: Al Furat News} The Iraqi financial market closed, Monday, 1.88% from the previous session.

The indicators of trading the Iraq Stock Exchange for this day are as follows:

عدد- The number of traded shares reached (857,190,989).

قيمة- The value of the shares amounted to (567,150,492) dinars.

3- The ISX 60 index closed today at (449.96) points, an increase of (1.88%) from its closing in the previous session of (441.64) points.

تداول- Trading the shares of (23) companies out of (104) companies listed on the market.

عدد- The number of companies suspended by a decision of the Securities Commission for not complying with the financial disclosure instructions is (23) companies.

عدد- The number of shares purchased from non-Iraqi investors in the regular market reached (220) million shares, at a value of (242) million dinars, through the implementation of (105) transactions on the shares of two companies. is over  LINK

The Municipality Of Baghdad Announces The Opening Of Al-Firdous Square After Its Rehabilitation By The Central Bank And The Association Of Private Banks

Construction and building  Economy News _ Baghdad  The Municipality of Baghdad announced the opening of Al-Firdous Square after its rehabilitation by the Central Bank and the Association of Private Banks.

A joint press statement, issued by the Municipality of Baghdad, the Central Bank of Iraq, and the Association of Iraqi Private Banks, “Economy News” received a copy of it: “Today we announce the opening of Al-Firdous Square in central Baghdad with its new form after its rehabilitation by the engineering staff of the Iraqi Private Banking Association and with the support of The Community Initiatives Fund is empowering those funded by private banks under the supervision of the Central Bank of Iraq, the Baghdad Municipality, the General Secretariat of the Council of Ministers, and the Ministry of Culture.

He added that “the total area of Al-Firdous Square reached 6336 square meters, and the best international building materials were used, such as fountains that were placed on an area of 1060 square meters, and it is one of the dancing fountains that include jumping and linear movements.”

He pointed out that “the new design of the square blended the heritage of Baghdad and its present, as it symbolized the Tigris and Euphrates rivers in addition to the Iraqi palm tree, and other important Iraqi symbols,” noting that the new design included placing a large area to construct a monument to be established by the Ministry of Culture later, and this space bears a monument It weighs 80 tons. ”

Number of views 59   Date added 13/07/2020

The Central Bank Participates In The Bani Platform

Banks  Economy News _ Baghdad  The Central Bank of Iraq announced, Monday, that it will organize and in cooperation with the Arab Monetary Fund this morning, a workshop for banks operating in Iraq to participate in the “structures” platform for Arab payments.

The bank added in a statement, “Economy News” received a copy of it, “This comes after the announcement of the launch of a platform for Arab payments of the Regional Corporation for the clearing and settlement of Arab payments, which is managed by the Arab Monetary Fund, and preparations are made for this bank and a number of local banks for direct participation in Platform”.

The statement pointed out , that ” the workshop will discuss the work of the proposed plans of banks and address the technical requirements and the steps required to ensure that facilitate linking them to see how the platform and the readiness of banks to it.”

He explained that the “platform built represents a multi – currency payment platform provides clearing services and settlement currencies Arab and international currencies in which the eligibility requirements are available, for clearing and settlement of financial transactions intra – Arab as well as financial transactions between the Arab countries and trading partners presidents of Arab countries.”

He continued: “The platform also aims to enable financial and banking institutions in the Arab region, including central and commercial banks, to send and receive inter-payments in all parts of the Arab region and outside in a safe and reliable manner at an appropriate cost and high efficiency, in addition to that the Beni platform provides the participants with payment solutions Hadith conforms to international standards, principles and international compliance requirements. ”

Showed that, “In the economic and financial integration opportunities in the Arab region , it is where it effectively contributes to support investment ties with Arab countries in various continents trading partners. It will be the platform available to all banks that meet the criteria and conditions for participation, and in the forefront of standards and procedures Compliance aspects. ”

Number of views 91 Date added 13/07/2020

Communications Reveal Their Plans To Maximize Financial Resources And Identify The Reasons For The Internet’s Weakness

money and business  Economy News – Baghdad  The Ministry of Communications revealed, on Monday, its plans to maximize the country’s financial resources, and while it identified the reasons for the poor Internet service, it confirmed its endeavor to complete the e-government project.

The Director of the Infrastructures Directorate of the Ministry of Communications, Ali Mahmoud, said in a statement reported by the official news agency “conscious” that “the ministry is working on a set of steps to increase the revenues of the telecommunications sector, to be effective in supporting the budget, by supporting the private sector to work in a participatory manner, to develop this sector It is important to provide revenue and reduce red tape. ”

He added that “relying on bold, unconventional plans to make decisions regarding the use of new technologies and activating transit projects can achieve significant financial revenues for the state,” noting that “automation projects were signed at the time of the previous government, and are still in progress.”

And on e-government, Mahmoud explained, that “the e-government project has been implemented directly, but it is slowly due to the circumstances of the country,” stressing that it “includes a group of projects that contain large and many services.”

Regarding the reasons for the weak internet service, Mahmoud mentioned that the most important reasons are the techniques used and prices, pointing out that “the Ministry of Communications and the Media and Communications Authority have identified treatments for this topic, the most important of which is the reduction of infrastructure wages and the use of modern technologies as a technology

Number of views 36 Date added 13/07/2020

Al-Kazemi Provides Two Justifications For Not Sending The Parliamentary Budget And Finance. She Replies: Not Convincing!

money and business  Economy News _ Baghdad  The Parliamentary Finance Committee announced, on Monday, its refusal to continue approving huge budgets without reviewing the final accounts for the year 2020, while it revealed the reasons for not sending the draft budget law for the year 2020 to the House of Representatives.

“The Iraqi government does not want to send a draft budget bill for the year 2020 to the House of Representatives,” committee member Jamal Cougar said in a press statement.

Cougar added, “When we inquired from the Prime Minister, we were informed of our unconvincing matter, the first related to the Financial Management Law and secondly to the total financial deficit, which amounted to more than 65% of the budget.”

He pointed out that “the Iraqi government started preparing the budget of 2021 according to the Prime Minister’s statement to the members of the Finance Committee,” pointing out that his committee “refuses to initiate the approval of the budget of 2021 without reviewing the final accounts for the year 2020 after study and audit.”

Number of views 42 Date added 13/07/2020

Prime Minister: Corruption, Financial Waste And Mismanagement Have Prevented The Handling Of The Electric Power Crisis In Iraq / Expanded

Monday 13, July 2020 16:28 | EconomicalViews: 65  Baghdad / Nina / Prime Minister Mustafa Al-Kazimi directed that all electricity projects be activated, especially the agreement concluded with the German company Siemens.

Al-Kazimi confirmed during a meeting held today, Monday, with the ministers of electricity and oil, devoted to addressing the current electricity crisis: “The electricity file is one of the most important challenges facing the work of the current government, noting that the past periods have seen spending billions of dollars on this sector, which was sufficient to build networks

A modern electrician, but corruption, financial waste and mismanagement prevented the handling of the electric power crisis in Iraq, so that the suffering of citizens, which is exacerbated in the summer months, will continue.

Al-Kazemi indicated that the previous ministry had not undertaken projects related to electricity maintenance, which has exacerbated the problem of electricity, especially in this economic and financial circumstance that Iraq is experiencing due to the collapse of oil prices globally as a result of the effects of the Corona pandemic.

He explained that the government is determined to address this file through the implementation of plans to develop production sectors, as well as standing at the joints that stand in the way of the advancement of the reality of electricity, and blocking all ports of corruption in this vital vital sector.

The Prime Minister directed the Ministry of Oil to provide fuel for free to owners of private generators, in exchange for lower subscription rates and increased processing hours. / End 7

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