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The Governor Of The Bank Announces The Increase In Iraq’s Foreign Currency Reserves

Posted On 20-01-2022 By Sotaliraq  The Governor of the Central Bank, Mustafa Ghaleb Mokhif, announced, on Thursday, the increase in Iraq’s foreign currency reserves.

And fearful said during his honor in Baghdad, according to a statement, that “the central bank has an important role in achieving macroeconomic balance,” explaining that “the central bank faced several challenges resulting from the effects of the Corona virus on the Iraqi economy, as well as the global economic crisis, which was the biggest challenge, and took Processes and a series of measures to overcome these challenges and reach monetary stability.

He added that “Iraq’s foreign exchange reserves rose to 64 billion dollars,” stressing that “the Iraqi economy has become much better than it was in the middle of the Corona virus pandemic.”   LINK

Dollar Exchange Rates In Local Markets

Economie  2022-01-21 | 04:07   Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets on Friday.

And the selling prices of the dollar were recorded at 148,300 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 148,200 dinars per 100 dollars.   LINK


Al-Amiri Discusses With The German Ambassador The Development Of Economic Relations And Benefiting From His Country’s Experiences In The Reconstruction Of Iraq


Thursday 20 January 2022 17:29 | political Number of readings: 22  Baghdad / NINA / – Head of the Al-Fateh Alliance Hadi Al-Amiri discussed with the German Ambassador to Iraq Martinez Yegar the common files between the two countries, developing economic relations and benefiting from German expertise and companies in the reconstruction of Iraq.


Al-Amiri’s media office said in a press statement: “The head of the Al-Fateh Alliance received in his office in Baghdad the German ambassador to Iraq Martinez Jaeger. During the meeting, the two sides discussed the common files between the two countries and how to develop economic relations and benefit from the expertise and German companies in the reconstruction of Iraq, especially the file of electric power.”


He added, “Al-Amiri praised the German role in supporting Iraq and valued the German government’s respect for Iraq’s sovereignty.”


He stressed: “The need to make every effort to address the political blockage and find a way out of the political process in a serious patriotic spirit away from all foreign interference.”

Al-Muthanna: The Construction Of The Largest Iron Plant In The Center And The South Has Begun


Al-Muthanna Investment Authority announced the start of the implementation of the Samawa steel plant project, which is considered the largest in terms of production capacity at the level of the central and southern governorates of the country.


The Director General of the Authority, Adel Dakhil Al-Yasiri, said in a statement, “The technical and engineering staff in the Al-Hayat Industrial Investments Company have started the work of preparing the land and amending the soil in preparation for the completion of the concrete foundations for the Samawa steel plant project in the second industrial axis in Al-Najmi district, north of Muthanna.”


Al-Yasiri added, “The project is being implemented on an area of fifty dunums at a cost of about (60) million US dollars by the Iraqi investor Ahmed Kazem Musa. The first phase of it will be completed within one year, and it includes the production of reinforcing steel bars with a production capacity of (9) thousand tons per month.”


He added, “The second phase, which will be implemented within two years after the completion of the first phase, includes the production of (20) thousand tons / month of reinforcing bars, as well as (300) tons of industrial iron, which includes (plates, angle iron, roofing iron and iron pipes) of various diameters and sizes.” .


Al-Yasiri stated that “the factory includes three production stages, namely, the melting furnaces, the foundry and the rolling stage. In the first stages of manufacturing, it depends on iron scrap, while it will rely entirely on imported glass dirt and other raw materials available locally in the final stages.”


He pointed out that “the project is the largest in terms of production capacity at the level of the central and southern governorates of the country, and it is also considered one of the projects of strategic importance in providing iron bars that are widely used by citizens in building houses and private projects as well as government projects, in addition to To its importance in providing (100) daily job opportunities during the implementation period, as well as (200) daily job opportunities during the commercial operation phase.


Oil Prices Fall Due To An Increase In US Crude Inventories


Economie| 08:44 – 01/21/2022   Follow-up – Mawazine News: Oil prices witnessed, on Friday, a noticeable decline after rising to the highest level in seven years this week, as an increase in US crude and fuel stocks pushed investors to reap profits from the rise.


Brent crude futures fell $2.46, or 2.8 percent, to $85.92 a barrel.


US West Texas Intermediate crude futures also fell $2.61, or 3.1 percent, to $82.94 a barrel. Ended


Masrour Barzani Discusses With Blackschaert Efforts To Form The New Government


Thursday 20 January 2022 17:20 | political Number of readings: 23


Baghdad / NINA / – The President of the Kurdistan Regional Government, Masrour Barzani, received today, Thursday, the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennis-Plasschaert.


In the meeting, according to a statement by the regional government, they discussed the latest developments in Iraq after the election of the Presidency of the Council of Representatives and the efforts made to form the new Iraqi government.


The two sides expressed their hope that the new Iraqi government would serve all components and Iraqi citizens without discrimination, achieve security and stability and solve problems between the Kurdistan region and the federal government on the basis of the constitution./End 3


Un: Diyala Attack A Painful Reminder That Isis Remains A Threat


Political | 05:29 – 01/21/2022   Baghdad – Mawazine News  On Friday, the United Nations Mission in Iraq (UNAMI) issued a statement about the attack that targeted an Iraqi army base in Diyala Governorate.


In a brief statement, UNAMI said, a copy of which was received by Mawazine News, that the terrorist attack in Diyala, which killed Iraqi forces and wounded others, is a painful reminder that ISIS still poses a threat.


The statement continued, “It is certain that vigilance and unity will defeat these cowardly attempts to destabilize.”


Today, at dawn, ISIS elements launched an attack on the headquarters of the 1st Company in the 2nd Infantry Brigade of the 1st Division of the Iraqi army in the Umm al-Karami area of al-Azim district in Diyala governorate, killing 11 soldiers, including an officer.


Al-Kazemi Directs An Urgent Investigation Into The Al-Azeem Incident


Political | 03:48 – 01/21/2022   Baghdad – Mawazine News, the spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasoul, announced on Friday that the Commander-in-Chief of the Armed Forces directed an urgent investigation into the terrorist incident in Al-Azim district in Diyala province.


Rasoul said, in a statement received by Mawazine News, a copy of it, that the Commander-in-Chief of the Armed Forces ordered the highest levels of preparedness to defeat the plans of terrorist groups, and to carry out major operations in areas used by ISIS terrorist gangs, and to move quickly to inflict just retribution against the terrorists who did this.


The cowardly act and pursuit of them wherever they are, stressing that these cowardly terrorist acts will increase our armed forces’ determination to pursue the pockets of malicious terrorist gangs and eradicate their remnants from everywhere on the land of Iraq.


Today, at dawn, ISIS elements launched an attack on the headquarters of the 1st Company in the 2nd Infantry Brigade of the 1st Division of the Iraqi army in the Umm al-Karami area of al-Azim district in Diyala governorate, killing 11 soldiers, including an officer.

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