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Iraqi News Wednesday AM 3-9-21

TLM724 Administrator BondLady’s Corner

A Slight Increase In The Exchange Rates Of The Dollar Against The Iraqi Dinar

Time: 03/10/2021 10:48:07 Read: 3,666 times   {Baghdad: Al Furat News} The exchange rates of the dollar rose today, Wednesday, on the main stock exchange in the capital, Baghdad.

The central Al-Kifah and Al-Harithiya Stock Exchanges in Baghdad registered 145400 Iraqi dinars for 100 US dollars.

While the Central Kifah Stock Exchange recorded 145350 Iraqi dinars during its opening on Tuesday morning.

The buying and selling prices witnessed a rise in the exchange shops in the local markets in Baghdad, where the selling price reached 146,000 Iraqi dinars, while the purchase prices reached 145,000 dinars per 100 US dollars.   LINK

The European Union And The World Bank Issue A Joint Statement On The Economy Of Iraq … And An Urgent Request

Time: 03/09/2021 23:38:03 Read: 9,789 times   According to the joint statement, “Following the launch of the IECG on October 22, 2020 in London, the Government of Iraq met with its international partners in the Director-level Economic Contact Group on March 2, 2021, to conduct an assessment of the recent reform steps, in order to start identifying Align international support, and map the way forward towards holding a high-level contact group meeting in late spring of 2021. ‘

He explained, “The Iraqi economy has faced multiple shocks that have led to a severe recession and high poverty rates, and that structural obstacles that have accumulated for decades limit the availability of financial reserves to mitigate the social and economic impact on Iraq’s most vulnerable citizens and its commercial projects. As a result, engaging in reforms is the fastest way.”

To reverse the course of the situation. ”

The statement added, “Indeed, the long-term success of Iraq is crucial to the stability of the entire region; but the Iraqi economic model based on oil is facing an increasing challenge from a young and growing population that needs to diversify job opportunities, and from an irreversible global trend towards decarbonization and access to a green economy.” .

He continued, “The Iraqi government has taken commendable steps to address immediate and long-term financial and economic challenges by initiating a frank discussion about the requirements for structural reform to address financial imbalances, address critical infrastructure gaps and direct the Iraqi economy towards sustainable and comprehensive development, including gender equality.”

“As partners and friends of Iraq, we have indicated our appreciation for the steps taken recently to move from analysis to implementation, as evidenced by the Cabinet’s approval of the implementation plan for the White Paper, including the governance structure to achieve this goal,” the statement indicated. “.

He called for “expediting the adoption of a reform-oriented Iraqi national budget, given the need for it to provide the necessary means and tools to ensure that Iraq can continue on its reform path towards stability. At the same time, we have been informed of the additional work needed to implement reforms. There is an economic and social cost to delay.” In taking action. ”

“Therefore, it will be necessary now to start urgent implementation based on the identified priorities. The reform agenda must be an integral part of a broad and open dialogue between the government of Iraq, its parliament and its citizens, in order to ensure that the future of Iraq is formulated in a comprehensive manner,” the statement concluded.   LINK

Representative Economy: The Minister Of Finance’s Statements Regarding Income Tax Are Personal, And Parliament Responded With Strong Rejection

Pratha News Agency50 2021-03-10  The Parliamentary Economy Committee confirmed, on Wednesday, that the irresponsible statements of the Finance Minister express his personal opinion and cannot be accepted.

A member of the committee, Hamid Al-Mousawi, said in a press statement, that “the statements made by Minister of Finance Allawi are not responsible and do not express the vision of the Iraqi parliament,” noting that “Parliament responded, rejecting his statements and making him feel this rejection.”

He added, “The Income Law No. 113 is in effect and Parliament’s rejection came on the basis of this matter and applies to all employees, and therefore any innovation in this aspect is ruminating and putting the country into new problems.”

He noted that “the statements of the Minister of Finance cannot be considered responsible and their aim is to provoke a segment of the employees and the working class and do not carry any reform or national dimension and therefore have been rejected and cannot be taken into account in this difficult circumstance.”

He pointed out that “the Minister of Finance speaks from wherever he wants and not in terms of the will of Parliament. Therefore, Parliament is the one who determines the form of taxes and the percentage of deductions and impose or reject deductions on the salaries of employees.”

http://burathanews.com/arabic/economic/388057

She Called For His Trial On Charges Of Treason .. Alia Nassif: The President Of The Republic Tried To Test The Pulse With His Talk Of Normalization

Pratha News Agency47 2021-03-10  On Wednesday, a member of Parliament, Alia Nassif, considered that President Barham Salih tried to “test the pulse” through his statement on normalization with the Israeli entity, calling for a trial of high treason because of his statement about normalization.

Nassif said in an interview, “The President of the Republic, Barham Salih, tried to test the pulse through his statements about normalization,” calling for “the president of the republic to be tried with high treason because of his statement about normalization.”

She added that “the Kurds do not have a complex of normalization,” noting that “the Kurdistan region has extensive relations with the Israeli entity.”

On the other hand, Nassif confirmed, “The House of Representatives is determined to complete the vote on the Federal Court law by a majority if a solution is not reached with the Kurds.”

The Emirati “Sky News Arabia” published on its Twitter page a statement by the President of the Republic, Barham Salih, that Iraq will sign an agreement with Israel in the event of coordination with the Palestinians, before it deletes it minutes later and the Presidency of the Republic issued a statement denying the statement http://burathanews.com/arabic/news/388061

Learn About The Global Ranking Of Iraq In The List Of The Largest Gold Reserves!

Economie| 10:10 – 10/03/2021   Follow-up – Mawazine News  The World Gold Council revealed, on Wednesday, the ranking of countries in the list of the world’s largest reserves of the precious yellow metal.

The council said in its latest schedule for the month of March, that “the possession of central banks of the 100 countries listed in the table amounted to 35,244 thousand tons.”

And that “America ranked first in the largest gold reserves by 8,133 thousand tons, followed by Germany with 3,362 thousand tons, then the International Monetary Fund with 2.814 thousand tons, and Italy fourth with 2,451 thousand tons.”

The council added that “Iraq still maintains its 38th position in the world and fifth in the Arab world with the largest gold reserves at 96.3 tons, which represents 10% of the remaining other reserves,” noting that “the last purchase of gold by Iraq was in September 2020, with an amount of 0.1 tons.” “.

He explained that “the most prominent buyers of gold during this month are Uzbekistan, by 8.1 tons, and Kazakhstan, by 2.8 tons, while the most prominent sellers were Turkey, with an amount of 17.2 tons, and Russia, by 3.1 tons.”

According to the World Gold Council, Yemen tops the list of the most countries in terms of gold reserves, according to the World Gold Council, with a rate of 1.6 tons, preceded by Haiti by 1.8 tons.

It is noteworthy that the World Gold Council, headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change and its members consist The largest and most advanced gold mining company in the world.Ended 29 / P4

https://www.mawazin.net/Details.aspx?jimare=144976

Low Oil Prices In World Markets

Time: 03/10/2021 09:02:34 Read: 3,237 times  {International: Al Furat News} Oil fell for the third consecutive session on Wednesday, as investors took profits and US stocks rose.

Brent crude fell for the month of May 62 cents, or 0.92 percent, to 66.90 dollars a barrel by 05:14 GMT, while US West Texas Intermediate crude for the month of April recorded 63.51 dollars a barrel, down 49 cents, or 0.77 percent.

Prices gained support last week from OPEC +’s decision to largely maintain production cuts in April, then jumped above $ 70 a barrel, after the Yemeni Houthi attacks on the Saudi oil stronghold.

In the United States, crude oil inventories rose by 12.8 million barrels in the week ending March 5, according to trade sources, citing data from the American Petroleum Institute, and official figures from the Energy Information Administration (EIA) are expected on Wednesday.

Analysts at the Bank of the Financial Group said that the OPEC + group – the Organization of the Petroleum Exporting Countries (OPEC) and the producers allied with it – may become a victim of its success, because higher prices resulting from the restriction of supplies may stimulate US oil production.

LINK

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