Iraqi News Highlights Thursday Evening 11-3-22
Tlm724 Administrator Bondlady’s Corner
After the theft of the Horn.. Another 200 billion worth of coin auction securities looted
Information/private.. A member of the Parliamentary Integrity Committee, Ali Turki al-Jamali, revealed on Thursday the value of the money stolen from the secretariats of companies and money transfers by buying dollars from the currency sale auction, adding that the amount stolen so far has reached 200 billion Iraqi dinars.
Turki said in an interview to / information/, that “200 billion Iraqi dinars were seized in the former caretaker government,”
stressing that “the theft was made from the funds of companies that placed trusts before entering the currency auction and buying dollars.
“At the time of the government of former prime minister Haider al-Abadi, the condition for entering the dollar auction was transferred from written guarantees to financial trusts,”he added. He continued,
“Some of the companies tried to recover these funds, but they were shocked that their funds were stolen by a financial gang during the time of the kadhimi government, “pointing out that
“all the funds of the funds were preserved in the governments that preceded the kadhimi government”.
This theft comes after the theft of the century, which is estimated at 2.7 billion dollars from the tax secretariats carried out by an entire network, some of whom were arrested, as well as the theft of Customs secretariats, which is now being investigated by the Public Integrity Committee and the competent authorities.
https://almaalomah.me/news/economy/بعد-سرقة-القرن-نهب-اخر-بقيمة-200-مليار-من-امانات-مزاد-بيع-ال
Parliamentary Investment: Activating The Single Window System Will Eliminate Extortionists
Information / Baghdad.. Osama al-Badri, a member of the investment and Development Committee, called on Thursday for
the need to activate the Single Window System in state departments that will return investment and eliminate extortionists.
“The wheel of investment in Iraq is still slow despite the availability of investment opportunities in all its economic sectors,”Al-Badri said in an interview with Al-maaluma news agency.
“The investment law is a good law, but it needs some amendments that face the investment work in Baghdad and the provinces, “he added.
Al-Badri pointed out that “the growth of real investment in Iraq requires the development of strategic plans attractive to foreign investors,”pointing out that the flaw can be in the failure to apply the laws in force https://almaalomah.me/news/economy/الاستثمار-النيابية:-تفعيل-نظام-النافذة-الواحدة-سيقضي-على-الم
Minister Of Trade: Iraq Is A Promising Market And Many Companies Want To Invest In It
Money and business Economy News – Baghdad The Minister of Commerce, Atheer Daoud Al-Ghurairi, confirmed, on Thursday, that the Baghdad International Fair, which started its work two days ago, is an opportunity to strengthen the cooperation frameworks of the countries and companies participating in Iraq.
Al-Ghurairi told the official news agency, “The opening of the 46th session of the Baghdad International Fair coincided with the formation of a new elected government, which announced openness to the world within its government program, establishing international relations with everyone, and encouraging the private sector and foreign companies.”
He added, “The Baghdad International Fair is a forum to attract the largest possible number of countries and companies, given that Iraq is a promising market and there is a desire by many companies to invest in the country, and it casts a shadow over economic interests among the participating countries.”
He pointed to “the participation of nearly 12 countries and more than 360 local, Arab and foreign companies,” noting that “the coming years will witness greater participation of effective countries and companies in light of the efforts that will be made to cover and activate the committees and agreements between countries.” Views 21 Added 11/03/2022 – 6:15 PM Update 11/03/2022 – 6:39 PM
https://economy-news.net/content.php?id=30573
Report: Sudanese Retracts The Decision To Change The Dollar Exchange Rate.. Populist Promises
1,766 economy 2022/11/03 10:13 Baghdad Today – follow-up What are the reasons behind the Sudanese Mohammed Shia’s retreat from changing the dollar exchange rate against the dinar, despite his criticism of the decision and his pledge to reduce it, before taking office.
A report for the “free” website followed by “Baghdad Today” highlights.
The text of the report is below:
The Iraqi Prime Minister, Mohammed Shiaa al-Sudani, said in statements last Tuesday that the decision
“to change the Iraqi dinar exchange rate against the dollar is the prerogative of the central bank and
we are committed to implementing what the central sees,”
which some considered a retreat from previous promises and positions of the president to reduce the exchange rate.
The new prime minister noted that the decision to “raise the dollar exchange rate was not accompanied by measures to protect the fragile strata,” according to local media.
The Central Bank of Iraq had raised in 2020 the exchange rate against the dollar to 1460 dinars after it was in the range of 1182 dinars against the dollar, in a move aimed at compensating for the decline in oil revenues at the time.
In previous statements before taking office, al-Sudani expressed his rejection of the central bank’s decision, which he approved in agreement with the caretaker government, headed by Mustafa al-Kazemi at the time, calling for the need to reconsider the decision to raise the “dollar exchange rate to prevent its negative effects”. https://baghdadtoday.news/news/205118/تقرير-السوداني-يتراجع-عن
Alternative Options For Sudanese After Ruling Out The Idea Of Changing The Dollar Rate
3,394 economy 2022/11/03 18:17 Baghdad today-Baghdad Economist Abdul Rahman al-Mashhadani reviewed, on Thursday,
3 alternative options for changing the dollar exchange rate and returning it to the previous price, because of its significant negative effects on the economy.
Al-Mashhadani told Baghdad today that “a decision to restore the dollar rate will cause major economic problems, so the government has no options but to
allocate part of the budget funds for the purpose of increasing the number of people covered by social welfare and increasing their salaries”.
“Citizens should also be supported with food baskets, as these measures will mitigate the effects of the exchange rate hike on the poor classes,” he added, noting that “the previous government did not take these measures under the pretext of lack of budget and lack of political agreements, while it achieved economic gains at the expense of social gains.
The Sudanese Prime Minister Mohammed Shiaa has stressed that the change of the dollar exchange rate depends on what the central bank deems according to its powers only,
stressing the government’s commitment to the central bank’s vision towards this file.
The central bank has confirmed on more than one occasion that it does not intend to change the dollar exchange rate against the dinar or return it to its previous price,
stressing that it will cause major economic problems and reduce confidence in the Iraqi banking system.
https://baghdadtoday.news/news/205162/3-خيارات-بديلة-أمام-السو
Withdrawing The Leave Of Qatar And Candlestick Companies To Broker The Sale And Purchase Of Foreign Currencies
November 03, 2022 The Central Bank of Iraq decided to withdraw the license of Qatar and Al-Shamu companies to broker the sale and purchase of foreign currencies and cancel the certificate of incorporation granted to them by the Ministry of Commerce /Companies Registration Department for violating the provisions of the regulations regulating the work of exchange companies and brokering the sale and purchase of foreign currencies No. 1 of 2022. https://cbi.iq/news/view/2116
Announcing A Tender For Processing Currency Counting And Sorting Machines
November 03, 2022 Public tender announcement No. (5) for the year 2022 (processing of currency counting and sorting machines)
The Central Bank of Iraq announces a tender for the processing of currency counting and sorting machines according to the technical specifications and legal conditions contained in the sixth section of the standard document for the processing of goods,
those wishing to participate from officially licensed companies and qualified and experienced should send their official authorized persons under an authorization letter to the headquarters of the Central Bank of Iraq / located in Baghdad-al-Rashid Street – Building No. (2) Floor (3) Legal Department / contracts Department for the purpose of obtaining tender documents for an amount of (250,000) dinars (two hundred and fifty thousand dinars) is non-refundable, and
the deadline for submitting tenders and closing the tender will be before the end of the official working day on Monday 2022/12/12 and in case the date of closing the tender happens to be an official holiday, the first day following that is the deadline and
the person to whom the tender is mooted bears the fees of posting the announcement and that this bank is not responsible for he is obliged to accept the lowest bids. https://cbi.iq/news/view/2118
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