BondLady’s Corner

  In Bondlady’s Corner 

More Iraqi News Wednesday PM 9-16-20

TLM724 Administrator BondLady’s Corner

The Exchange Rates Of The Dollar And Other Foreign Currencies, Gold And Oil

Market  Economy News _ Baghdad  Al-Eqtisadiah News publishes a list of the exchange rates of the dollar against the dinar, other foreign currencies, gold and oil today, Wednesday, September 16, 2020:

The price of the dollar in the local market:

The selling price of the dollar: 123,500,   The purchase price of the dollar: 122,500

Euro The world price: 100 euros = 118,43 dollars   British Pound The world price: 100 pounds = 128.91

Turkish lira dollars The world price: 100 dollars = 748.65 Turkish lira

The price of an ounce of gold worldwide = $ 1958.55

The price of a barrel of Brent crude oil = $ 41.10   The price of a barrel of US crude oil = $ 38.99

Number of observations 92   Date of addendum 09/16/2020

The Most Prominent Decisions Taken In The Cabinet Session

Council of Ministers

Money  and business  Economy News – Baghdad   The Council of Ministers approved a number of decisions, including the Ministry of Planning’s inclusion of the project of converting the open canal for Basra water (Al-Badaa canal) into a 238 km pipeline, within the Ministry of Water Resources’ 2020 plan.

The cost of the project was estimated at 2925000000 (two billion nine hundred twenty-five million dollars), including 10% of the value of the work as a reserve amount, the percentage of supervision, expropriation costs and compensation for the implants in the event of a change of course.

The Council also agreed that “the Ministry of Finance will finance the Ministry of Water Resources with an amount of 5 billion dinars, not exceeding 1/12 of the operating expenses of the project mentioned in paragraph (1) above, in accordance with Article (13) of the Federal Financial Management Law (6 of 2019). the average.

The Council decided, according to a statement made by the Media Office of the President of the Council (yesterday, Tuesday), “the cabinet’s support for the proposal of the First Amendment Law of the Iraqi Accreditation Authority Law No. 78 of 2017, for a period of five years and self-financing thereafter.”

Whereas, the “Minutes of the Ministry of Planning and the recommendations of the Diwani Order No. 45 of 2018 regarding hospital projects” approved.

The Prime Minister directed, during a discussion session on the issue of statements of state employees and the proposals to remove obstacles in their organization, to form a team headed by the Minister of Planning, including in its membership the advisor of the Prime Minister, a representative of the Office of Financial Supervision, and the Director General of the Ministry of Finance For the Ministry of Labor and Social Affairs, and a representative of each of the Ministries of Interior and Defense, provides a mechanism for processing and completing the data of state employees.

Number of observations 99 Date added: 09/16/2020

Parliamentary Finance: The Government Will Speed Up Sending The 2020 Budget, With The Aim Of Obtaining New Loans

Money  and business  Economy News _ Baghdad  The Parliamentary Finance Committee confirmed, on Wednesday, that the government’s speedy vote on the 2020 budget and its submission to Parliament aims to allow the government to borrow new from home and abroad, and it is likely that the budget will be presented to Parliament next Saturday.

A member of the committee, Representative Jamal Cougar, said in a press interview, “The Al-Kazemi government, after it exhausted the loan it obtained from the internal banks, felt that it was facing a critical situation, so it rushed to approve the budget and send it to the House of Representatives for approval.”

He explained, “The government aims to accelerate the approval of the budget to obtain approval from Parliament to allow it to borrow new from home and abroad.”

He added that “the draft budget law will arrive at the Finance Committee today, Wednesday, for the purpose of studying it”, likely that “the budget will be presented to Parliament next Saturday.”

Number of observations 109 Date of addendum 09/16/2020

Economist: Operating The Mansuriyah Gas Station Will Save Iraq / 3 / Billion Dollars Annually

Wednesday 16, September 2020 14:22 | EconomicalViews: 63

Baquba / NINA / Economic specialist Jamal Shaker called for activating the free gas fields project in Iraq.

He told the correspondent of the Iraqi National News Agency / NINA /: “The free gas project, whose implementation contract has been transferred to one of the specialized oil companies since 2018, to produce gas and operate the Mansuriyah gas power station in Diyala province, represents a quantum leap in revitalizing the economy and providing job opportunities for more than / 6 / thousand employees in various scientific and technical specialties, and

added: “Operating the Mansouriya gas station at full capacity will save Iraq / 3 / billion dollars annually, as well as stabilizing the electric power and supplying the national grid with a surplus of it,” calling on the government to start serious work in activating the project because Delay will expose Iraq to great material losses. / Ended

Economic Specialist For / NINA /: Al-Kazemi’s Efforts To Eradicate Corruption Need Mechanisms And Plans That Are Radically Different From The Mechanisms Of Previous Governments

Wednesday 16, September 2020 11:17 | EconomicalViews: 106   Baghdad / NINA / The specialist in economic affairs, Ali Al-Fariji, confirmed that the success of Prime Minister Mustafa Al-Kazemi’s project in eliminating corruption and the corrupt requires the use of professional mentalities in the higher management (from outside the political arena mired in corruption) and an approach that contradicts the tools and methods used by previous governments.

Al-Freiji said in a statement to the Iraqi National News Agency / NINA/ The “orientations of former prime ministers in the matter of combating corruption – between the Supreme Council for Combating Corruption – and the beating with an iron hand – all ended in a dramatic disappointing end, indicating that the factors that failed previous corruption eradication experiments are / slow performance – lack of specialization) In the working group – the use of personalities from within the political arena mired in corruption – the lack of clarity of the powers of these councils that have melted into the state bureaucracy – the absence of the security force for the applications of these councils or committees that did not target the major corrupt /.

Al-Faraiji stressed that “the current government needs, in its endeavors to combat corruption, to take an approach contrary to previous governments that first depends on accuracy, firmness and speed in performance – determining the powers and optimal selection of the personalities that manage the anti-corruption team – allocating a security force to the work of the anti-corruption team – allocating a specialized court in a manner Integrated – Witness Protection Program – Activating Law No. 9 in the issue of recovering money – speeding up the enactment of a law,

from where do you get this – starting major corruption cases, and clarifying that “recovering money will be a bigger challenge than the issue of following up on corrupt people, and recovering and following up the money that escaped from Iraq is an easy file.” If there was a firm national will, by virtue of which most of the corrupt people underestimated the smuggling operations and how to hide money. ”

He stressed the need to seek professional mentality in the higher management (from outside the political arena that is awash with corruption) and considering the CTS as part of the work of this committee will give greater momentum and strength.

He pointed out that “Iraq has formed committees from the Al-Imams Bridge incident in 2005 until the bloody days incidents and the repeated explosions, the fall of Mosul, the Karrada explosion, and the explosion of the United Nations, but the investigations of these committees either go into oblivion or are protocols without benefit.” / End 8

Parliamentary Finance: The Salvation Of Iraq Lies In The Chinese Agreement

Editing date: 9/16/2020 12:05 • 127 times read

Ayna News – Baghdad, a member of the Parliamentary Finance Committee, Thamer Theban, called, on Wednesday, to proceed with the Chinese agreement to benefit from its economic position instead of proceeding with the agreement with Washington, noting that the agreement represents a “rescue” for Iraq from its problems.

Theban said in a statement to Ayn News, that “the country’s salvation from the accumulations of the past and the collapse of the infrastructure lies in the advancement of the Chinese agreement,” indicating that “China is a stumbling block in front of Washington economically, which leads the latter to conclude some agreements with the Iraqi side in order to obstruct The Chinese agreement with Baghdad. ”

He added, “The government should present the Chinese agreement in a detailed and transparent manner to the House of Representatives to pass it in order for it to be accepted and obligated and to fulfill all the necessary legal and legislative frameworks to ensure that the implementation of the agreement proceeds without American foreign political restraints.”

Theban clarified that “the United States of America does not want in any way the Iraqi government and the House of Representatives to proceed with activating economic cooperation with Beijing.”

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