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Iraqi News Thursday AM 12-31-20

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On The Occasion Of The New Year … The Stock Exchange Stopped Its Activities For One Day

Time: 12/31/2020 15:44:10 Read: 780 times   {Baghdad: Al Furat News} The Iraq Stock Exchange announced today, Thursday, that its activities have stopped for one day on the occasion of New Year’s Day.

The market said in a statement received by Al Furat News, that “based on the decision of the General Secretariat of the Council of Ministers considering Sunday as an official holiday on the occasion of the New Year, it was decided not to organize the trading session for that day.”  The statement added, “The sessions will be organized as of Monday, the fourth of January, according to their official timing.”

It is noteworthy that the Iraq Stock Exchange has used electronic trading and central depository systems since 2009 and seeks to launch the Internet trading system for investors, and organizes five trading sessions a week from Sunday to Thursday, and 105 Iraqi joint stock companies are listed in it representing the sectors of banking, communications, industry, agriculture, insurance, financial investment and tourism And hotels.   LINK

For The Fifth Consecutive Day, The Central Bank’s Dollar Sales Recorded A Remarkable Decline

Economie| 11:57 – 12/31/2020  BAGHDAD – Mawazine News  correspondent reported, Thursday, that the Central Bank’s hard currency sales declined for the fifth consecutive day this week, recording a decline of more than 18 percent.

Our correspondent said, “The Central Bank witnessed during its auction for the sale and purchase of foreign currencies today, a decrease in its sales by 18% to reach 11 million and 427 thousand and 660 dollars.”

And, “the bank conducted sales at an exchange rate of 1460 dinars per dollar.”

Our correspondent added, “The request was distributed by 11 million and 327 thousand and 660 dollars to enhance the funds abroad in the form of transfers and appropriations, while the rest of $ 100,000 was distributed in the form of cash sale that was fully covered by the bank at an exchange rate of 1460 dinars per one dollar.”

He pointed out that seven banks have met requests to enhance assets abroad, while one bank has met cash requests.

It is noteworthy that the central bank’s sales of dollars for Wednesday amounted to 14 million 54 thousand. Ended 29 / p4     https://www.mawazin.net/Details.aspx?jimare=136329

The Lowest In Years .. Decline In Central Bank Sales

Time: 12/31/2020 10:41:03 Read: 7,384 times   {Baghdad: Al Furat News} The Central Bank of Iraq’s dollar sales continue to decline in an unprecedented way and to the lowest level in years.

According to the bank’s daily bulletin on the currency auction on Thursday, the total sale for purposes of strengthening funds abroad {transfers, credits} 11 million and 327 thousand and 660 dollars, while the cash sale was only 100 thousand dollars.   While the total sales were 11 million 427 thousand and 660 dollars.

Yesterday’s foreign currency auction sales were $ 12 million.

The central bank sells dollars for the sums transferred to bank accounts abroad at a price of {1460} dinars per dollar, and cash sales at {1460} dinars per dollar, in implementation of its recent decision to raise the exchange rate.   LINK

Barzani: We Hope To Implement Our Recent Agreement With Baghdad, And We Will Never Give Up The Rights Of The Region

Time: 12/31/2020 13:42:49 Read: 1,508 times   (Baghdad: Al Furat News) Today, Thursday, the President of the Kurdistan Regional Government, Masrour Barzani, congratulated him on the occasion of the New Year, expressing his hope that it will be the year of peace and stability.

Barzani said in a statement that the Euphrates News received a copy of it that “On the occasion of the new calendar year 2021, I raise to the citizens of the Kurdistan region in general, the brave Peshmerga and the families of the honorable martyrs, the highest verses of congratulations and blessings, wishing it to be a year full of joys, delights, peace and tranquility, and an end to the tragedies and crises in Kurdistan, Iraq and the whole world.

He continued: “Dear Kurdistanians, as we embrace a new year, the Kurdistan region and the whole world have faced a difficult year in light of the outbreak of the Corona epidemic and its difficult economic consequences and the federal government’s refusal to send financial dues to the Kurdistan region, which created a financial crisis and a difficult situation that in turn formed a heavy financial burden To our dear citizens in the Kurdistan region. ”

And he said, “Now that we have reached an agreement with the federal government regarding the draft federal budget for 2021, we hope that the agreement will be implemented in full, and we ask the political parties in Iraq, and from now on, not to accept the use of the Kurdistan region’s dues and rights as a political pressure card against the people of Kurdistan. Whose rights are still being denied, affirming at the same time that we will never give up on our constitutional rights. ”

He pointed out that “the people of Kurdistan have a national cause, and they have made tremendous sacrifices in this way,” pointing out that “the entity that the Kurdistan region enjoys came as a result of this struggle and struggle, and it is the fruit of hundreds of thousands of martyrs, and it is imperative that we all preserve and protect it,” The dignity and dignity of the people of Kurdistan depends on our existence, the strength of our national and national identity, and the respect of our constitutional rights.

Barzani called on “all political parties and forces and our proud people in the Kurdistan region to set aside their differences and differences to defend the territory of the Kurdistan region and its federal entity (federal) and its achievements in one row, and with the same task we confront all challenges and threats and defend our just and constitutional rights.”

He added, “I am fully confident that with unity and close ranks, we can overcome all crises and obstacles. We also stress our continuous efforts to perpetuate reforms, improve living conditions for the people of the Kurdistan region, strengthen the rule of law, consolidate justice, achieve more stability and restore security.”

He pointed out: “As we look to the future with hope and optimism, we are challenged by the desire for a new stage of reconstruction and development, and the achievement of more gains and prosperity, in the Kurdistan region, away from tragedies and any other undesirable situation.”    LINK

The Kurdistan Government Calls For The Implementation Of The Financial Agreement Between Baghdad And Erbil

Masrour Barzani    Money  and business   Economy News – Baghdad  On Thursday, the President of the Kurdistan Regional Government of Iraq, Masrour Barzani, expressed his hope for the implementation of the recent agreement between Erbil and Baghdad regarding the 2021 budget .

Barzani said in a press statement, that the Kurdistan Region and the whole world have faced a difficult year in light of the outbreak of the Corona epidemic and its difficult economic consequences, and the federal government’s refusal to send financial dues to the Kurdistan Region, which created a financial crisis and a difficult situation that, in turn, formed a heavy financial burden on our dear citizens in the Kurdistan Region. .

He added, “We have reached an agreement with the federal government regarding the draft federal budget for the year 2021, we hope that the agreement will be implemented in full, and we ask the political parties in Iraq, and from now on, not to accept the use of Kurdistan Region’s dues and rights as a political pressure card against the people of Kurdistan who do not.” His rights are still being denied, affirming at the same time that we will never compromise our constitutional rights . ”   Number of observations 158 date of addendum 12/31/2020 https://economy-news.net/content.php?id=23406

Parliamentary Finance That Criticizes The Budget: Includes Unnecessary Expenditures

Pratha News Agency112 2020-12-30   On Wednesday, the Parliamentary Finance Committee criticized the 2021 Budget Law, which arrived in the House of Representatives yesterday, while indicating that it included unnecessary expenditures.

Committee member Jamal Cougar said in a statement to the official newspaper, “The budget contains 122 trillion dinars of operational expenditures, which is equivalent to the budgets of three countries,” noting that “there are expenditures that are not needed at the present time.”

He added that “Parliament will not return the budget to the government and that the Finance Committee will amend the budget bill because its numbers are inaccurate,” explaining that “the government has placed 2 trillion to implement its reform program, and this is a very large amount.”

He continued, “The second borrowing law came in the amount of 42 trillion dinars, and upon checking and reviewing it was found that what the government needs is 10 trillion, but Parliament approved 12 trillion, so the Finance Committee will work to check all numbers.”    http://burathanews.com/arabic/economic/383491

Issue (4609) Of The Iraqi Newspaper Al-Waqi’a Issued On 28/12/2020

2020-12-31 09:56:00

  1. Law No. (13) for the year 2020 (( the accession of the Republic of Iraq to the Identity Documents Convention sailors No. (185) for the year 2003 )) .

2- Republic Decree No. (42) of 2020.

3- Decisions issued by the Committee to Freeze Terrorist Funds No. (43) and (44) for the year 2020.

4- Data issued by the Ministry of Culture, Tourism and Antiquities.

5- Announcements for establishing cooperative societies.

Those wishing to acquire the Iraqi factsheet can refer to the Iraqi investigation department located in Salhiya / Haifa Street (Ministry of Justice building), and obtain the required number.    https://www.moj.gov.iq/view.5288/

Ministry Of Commerce: The Middle Of Next Month, The Date For The Application Of The Electronic Payment System

Author: AhadNA1 On 12/31/2020 – 3:14 PM  95

The Ministry of Trade confirmed, Thursday, that mid-January will be the date for the application of the electronic payment system for exporters and importers, while it indicated the reasons for the obstacles to the export process.

“The company signed a contract with the Central Bank regarding electronic payment, as the middle of next month will be the date for the application of the electronic payment system, which will allow exporters and importers to pay with any available card,” said the General Manager of the General Company for Iraqi Fairs and Commercial Services, Sarmad Taha Saeed.

He added that “attractive offers were made to the exporters, by giving ten percent of the invoice value free of charge, in support of the Iraqi exporter, as our goal is not only to export, but to make the transfer in Iraqi banks, and to provide hard currency.”

He pointed out that “the Council of Ministers previously issued a decision to make the export absolute, but we were surprised to stop exporting most of the materials due to the existence of laws that contradict the decision.”

He explained that “when traders started exporting, they were surprised to stop exporting gravel, aluminum industries, etc., as we must take sectoral approvals, after which export is allowed, in addition to the existence of laws issued in previous years that prevent the export process, and therefore we must present a proposed law to the Council of Ministers and ratify it. And it is sent to the House of Representatives and presented for the first reading and the second after which a decision is issued.

https://alahadnews.net/148796/%d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82/%d9%85%d8%ad%d9%84%d9%8a%d8%a7%d8%aa/

Iraq And The United Kingdom Are Discussing Ways To Conclude A Long-Term Economic Partnership Agreement

Thursday 31, December 2020 14:46 | Economical  Views: 139   Baghdad / NINA / Iraq and the United Kingdom discussed ways to conclude a long-term economic partnership agreement between the two countries.

A statement by the Ministry of Foreign Affairs stated: “The Undersecretary for Political Planning, Saleh Al-Tamimi, met the Chargé d’Affairs of the British Embassy James Downer, and they discussed strengthening cooperation and maintaining joint relations in light of the new situation of the United Kingdom after leaving the European Union at the end of this year, and they discussed ways to conclude a partnership agreement A long-term economy between Iraq and Britain. ”

The Undersecretary affirmed Iraq’s keenness to achieve the best relations and strengthen cooperation with the United Kingdom in a way that contributes to achieving the interests of the two friendly countries and enhancing opportunities for investment and joint trade. It was agreed to maintain meetings and communication within this framework. https://ninanews.com/Website/News/Details?key=879360

The Central Bank And The Association Of Private Banks Distribute Gifts To Christian Orphan Students

Banks Economy News – Baghdad  His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Makhaif, participated in the ceremony of distributing a number of gifts to orphaned Christian students within the community initiative sponsored by the Central Bank of Iraq and in which the Iraqi Private Banks Association and exchange companies participate .

This celebration comes on the occasion of the birthdays of Christ and the New Year, which took place in the Church of the Sacred Heart in central Baghdad .

During his speech on this occasion, the governor emphasized that peaceful coexistence is the characteristic of the Iraqi people, which includes in its spectrum many religions and nationalities throughout its long history .

For his part, Patriarch Robert Said stressed the importance of this initiative and its great humanitarian impact, especially as it comes at times when we celebrate the Christmas and New Year holidays .

Number of observations 32   Date of addendum 12/31/2020   https://economy-news.net/content.php?id=23398

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