Tlm724 Administrator Bondlady’s Corner
The Rise In The Price Of The Dollar Is Temporary
The appearance of Muhammad Saleh to / NINA / Sunday 11 December 2022 11:12 | Economica lNumber of readings: 384 Baghdad / NINA / – The financial expert, Mazhar Muhammad Salih, confirmed: The rise in the price of the dollar is temporary, until private banks practice the rules of international compliance in the transfer for the benefit of the beneficiaries.
He told the National Iraqi News Agency / NINA /: that the rises that occurred are a temporary phenomenon dictated by regulatory conditions in the procedures for conducting external transfer requests (submitted by local banks) on foreign currency.
And Saleh added: It was worked a while ago on an advanced (electronic platform) that links the request for transfers by banks with correspondents from international banks and the relevant global compliance bodies at the same time.
And he explained: The new procedures have restricted the supply of foreign currency temporarily, which requires a simple adjustment period in order for private banks to practice global compliance rules in transferring for the benefit of beneficiaries from foreign trade financing operations to the private sector.
And between Saleh: It takes some time to reorganize the requests and their consistency with the global requirements for transfer through the digital platform, which has come to represent the new tool in dealing with the window of the Central Bank of Iraq for buying and selling foreign currency.
The market for buying and selling foreign currencies witnessed during the last few period an increase from its usual daily rate, exceeding 150 thousand dinars per hundred dollars./ End 3
https://ninanews.com/Website/News/Details?key=1019613
Al-Sudani Is Discussing With The World Bank The Establishment Of The Reform, Recovery And Reconstruction Fund
Sunday, December 11, 2022 17:48 | political Number of readings: 199 Baghdad / NINA / – Prime Minister Muhammad Shia’a Al-Sudani affirmed the government’s priorities based on the social and economic needs of citizens, and its intention to transform the poor groups from recipients of social care into active people in the labor market, through studied and realistic plans.
Al-Sudani discussed, during his meeting today, Sunday, with the World Bank Vice President for Middle East and North Africa Affairs, Farid Belhadj, in the presence of the Regional Director for Eastern Countries and the Director of the World Bank in Iraq, prospects for bilateral cooperation to implement important strategic projects in various fields, and to develop ambitious programs aimed at implementing reforms in the sector. Banking and the development of the private sector, and supports government programs to address climate change.
The meeting witnessed discussions on the implementation of joint programs in the field of youth employment, unemployment reduction, and the development of the social protection program. The establishment of the Reform, Recovery and Reconstruction Fund was also discussed./ End 5
https://ninanews.com/Website/News/Details?key=1019698
The World Bank Is Optimistic About The Future Of Iraq Due To Its Rich Human And Natural Resources
Political | 04:18 – 11/12/2022 Baghdad – Mawazine News, President of the Republic Abdul Latif Rashid stressed, on Sunday, the importance of strengthening cooperation between Iraq and the World Bank, while the World Bank expressed optimism about the future of Iraq due to its rich human and natural resources.
And the Presidency of the Republic stated in a statement, which Mawazine News received a copy of, that “Rashid received the World Bank delegation at the Baghdad Palace, and during the meeting, they reviewed the existing aspects of cooperation between Iraq and the World Bank in the financial and economic sectors, and the need for the banking system in Iraq to develop was emphasized.”
In a way that is more rapid, accurate, safe and transparent, in addition to emphasizing the importance of diversifying sources of national income and not relying solely on oil by strengthening the agricultural and industrial sector.
The President of the Republic said, according to the statement, that “Iraq is one of the active countries in the international community and one of the founders of the United Nations, the World Bank and the League of Arab States,” stressing, ”
Rashid added, “It is important for the international community to know that Iraq, since the defeat of ISIS, has become more politically, security and economically stable, in order to encourage investments and capital to work in the country.”
He noted, “The Iraqi government is serious about developing plans, programs, and laws that are directly related to the needs of citizens by advancing the economy, infrastructure projects, and supporting the private sector.”
He explained, “The most prominent challenges facing the country are the climate change crisis that threatens the world as a whole, as well as the water problem with neighboring countries,” stressing “the presence of joint delegations exchanging dialogues to reach successful solutions for a more equitable distribution of water shares commensurate with the increase in the population.” .
He continued, “What exacerbates the water crisis is waste and the absence of the required organization,” pointing out that “the competent Iraqi government agencies have plans drawn up by specialists that need work and implementation more than the need for conferences and meetings.”
For its part, the World Bank delegation affirmed its optimism about the future of Iraq for its rich human and natural resources, expressing the World Bank’s aspiration to enhance cooperation with Iraq in order to develop its economy. https://www.mawazin.net/Details.aspx?jimare=213885
Iraq’s Oil Exports To America Declined Over The Past Month
Economie| 12:47 – 11/12/2022 Baghdad – Mawazine News The US Energy Information Administration announced, on Sunday, that Iraq’s oil exports to America amounted to more than 8.5 million barrels last November.
The administration said in its table, that “Iraq exported crude oil to America during the month of November last 8.550 million barrels, at a rate of 285 thousand barrels per day,” up from the month of October, in which Iraqi oil exports to America reached 4.588 million barrels, at a rate of 148 thousand barrels per day.
She added, “Iraq exported crude oil to America during the first week of November at a rate of 141,000 barrels per day, while an average of 385,000 barrels per day was exported in the second week, and an average of 363,000 barrels per day was exported in the third week,” noting that “the fourth week’s exports amounted to 252,000 barrels per day.
And the US Energy Information Administration stated that “Iraq ranked fourth in its exports to America during the past month after each of: Canada, Mexico, and Saudi Arabia, and it ranked second in the Arab world after Saudi Arabia, whose last exports to America reached 11 million and 310 thousand barrels per day,” indicating that ” Canada ranked first as the most oil-exporting country to America, followed by Mexico. https://www.mawazin.net/Details.aspx?jimare=213867
The World Bank: Iraq’s Rich Resources Give Rise To Optimism About The Country’s Future
Arab and international Economy News / Baghdad On Sunday, a delegation from the World Bank expressed optimism about the future of Iraq due to the presence of rich human and natural resources, stressing its aspiration to develop the country’s economy.
A statement by the Presidency of the Republic stated, “President Abdul Latif Jamal Rashid received, at the Baghdad Palace, the World Bank delegation.
He said that Iraq is one of the active countries in the international community and one of the founders of the United Nations, the World Bank and the League of Arab States, stressing the need to strengthen and expand relations with the World Bank.
He added, “It is important for the international community to know that Iraq, since the defeat of ISIS, has become more politically, security and economically stable, in order to encourage investments and capital to work in the country.”
The President of the Republic noted that “the Iraqi government is serious about developing plans, programs and laws that are directly related to the needs of citizens through the advancement of the economy, infrastructure projects and support for the private sector.”
The Iraqi president stated that “the most important challenges facing the country is the climate change crisis that threatens the world as a whole, as well as the water problem with neighboring countries, stressing the presence of joint delegations exchanging dialogues to reach successful solutions for a more equitable distribution of water shares commensurate with the increase in the population.”
He continued, “What exacerbates the water crisis is waste and the absence of the required organization, pointing out that the relevant Iraqi government agencies have plans developed by specialists that need work and implementation more than the need for conferences and meetings.”
During the meeting, aspects of the existing cooperation between Iraq and the World Bank were reviewed in the financial and economic sectors, and the need for the banking system in Iraq to develop in a way that is more rapid, accurate, safe and transparent was emphasized, in addition to emphasizing the importance of diversifying sources of national income and not relying solely on oil through Strengthening the agricultural and industrial sector.
For its part, the World Bank delegation affirmed its optimism about the future of Iraq due to its rich human and natural resources, expressing the World Bank’s aspiration to enhance cooperation with Iraq in order to develop its economy.
Views 94 Added 12/11/2022 – 4:33 PM Updated 12/11/2022 – 7:39 PM
https://economy-news.net/content.php?id=31276
Details Of The Sudanese Meeting With The Delegation Of The International Monetary Fund
Money and business Economy News / Baghdad Prime Minister Mohamed Shia Al-Sudani affirmed today, Sunday, that the government’s priorities are based on the social and economic needs of citizens.
The media office of the Prime Minister said in a statement: “Al-Sudani received today, Vice President of the World Bank for Middle East and North Africa Region, Farid Belhaj, in the presence of the Regional Director for Eastern Countries and the Director of the World Bank in Iraq.”
He added, “During the meeting, they discussed prospects for bilateral cooperation to implement important strategic projects in various fields, and to set ambitious programs aimed at implementing reforms in the banking sector and developing the private sector, as well as supporting government programs to confront climate changes.”
He continued, “The meeting witnessed discussions on the implementation of joint programs in the field of youth employment, unemployment reduction, and the development of the social protection program. They also discussed the establishment of a reform, recovery and reconstruction fund.”
During the meeting, the Prime Minister referred, according to the statement, to “the government’s priorities based on the social and economic needs of citizens, and its intention to transform poor groups from recipients of social welfare into active persons in the labor market, through studied and realistic plans.” 60 views Added 12/11/2022 – 5:48 PM Updated 12/11/2022 – 7:36 PM
https://economy-news.net/content.php?id=31278
The President Of The Republic Stresses The Importance Of Strengthening Cooperation Between Iraq And The World Bank
Today, Sunday, President Abdul Latif Jamal Rashid stressed the importance of strengthening cooperation between Iraq and the World Bank.
The media office of the Presidency of the Republic said in a statement: “President Rashid received today, at the Baghdad Palace, the delegation of the World Bank.”
The president said, according to the statement, that “Iraq is one of the active countries in the international community and one of the founders of the United Nations, the World Bank and the League of Arab States, stressing the need to strengthen and expand relations with the World Bank.”
He added, “It is important for the international community to know that Iraq, since the defeat of ISIS, has become more politically, security and economically stable, in order to encourage investments and capital to work in the country.”
Rashid noted that “the Iraqi government is serious about developing plans, programs and laws that are directly related to the needs of citizens through the advancement of the economy, infrastructure projects and support for the private sector.”
He explained that “the most prominent challenges facing the country is the climate change crisis that threatens the world as a whole, as well as the water problem with neighboring countries, stressing the presence of joint delegations exchanging dialogues to reach successful solutions for a more equitable distribution of water shares commensurate with the increase in the population.”
The President of the Republic added, “What exacerbates the water crisis is waste and the absence of the required organization, pointing out that the relevant Iraqi government agencies have plans developed by specialists that need work and implementation more than the need for conferences and meetings.”
And the media office stated that “during the meeting, the existing aspects of cooperation between Iraq and the World Bank in the financial and economic sectors were reviewed, and the need for the banking system in Iraq to develop in a way that is more rapid, accurate, safe and transparent was emphasized, in addition to emphasizing the importance of diversifying sources of national income and not Relying solely on oil by strengthening the agricultural and industrial sector.
For its part, the World Bank delegation affirmed, according to the statement, its optimism about the future of Iraq for its rich human and natural resources, expressing the World Bank’s aspiration to enhance cooperation with Iraq in order to develop its economy.
https://www.radionawa.com/all-detail.aspx?jimare=32521
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