Iraqi News Highlights Wednesday Evening 11-9-22
Tlm724 Administrator Bondlady’s Corner
Parliamentary Finance Resolves The Controversy Of Changing The Dollar Exchange Rate
Political | 05:52 – 09/11/2022 Special – Mawazine News The Parliamentary Finance Committee decided, on Wednesday, the issue of changing the exchange rate of the dollar against the Iraqi dinar.
Committee member Jamal Cougar said in an interview with “Mawazine News”, that “the House of Representatives, the Finance Committee and the government are not concerned with the issue of changing the dollar exchange rate, and that it is exclusively the prerogative of the Central Bank, and this matter was confirmed by the Prime Minister.”
He added, “It is not the right of any deputy to intervene and make statements in this regard, and if they want to respect the terms of reference.” https://www.mawazin.net/Details.aspx?jimare=210753
Dollar exchange rates recorded a rise in the Iraqi market
Economie| 10:07 – 09/11/2022 Baghdad – Mawazine News The dollar exchange rates witnessed, today, Wednesday, an increase in the local stock market. Selling price: 147.050 dinars per 100 dollars, buying price: 146.950 dinars per 100 dollars https://www.mawazin.net/Details.aspx?jimare=210699
Dollar Cash Sales Decreased In The Iraqi Currency Auction
Posted On2022-11-09 By Sotaliraq 09-11-2022 Cash sales of the US dollar to banks and mediating companies decreased in the currency auction conducted by the Central Bank of Iraq, today, Wednesday, to reach 19 million dollars.
Our correspondent stated that the Central Bank sold today, during its auction to buy and sell US dollars, 120 million and 415 thousand US dollars, which were covered by the bank at a base exchange rate of 1460 dinars per dollar.
Our correspondent added that 81% of these sales went to enhance balances abroad in the form of remittances and credits, which amounted to 100 million and 965 thousand dollars, while the rest went in the form of cash sales amounting to 11 million and 450 thousand dollars.
Our correspondent indicated that 16 banks have responded to requests to enhance balances abroad, and 13 banks to meet cash requests, in addition to 47 mediation companies. LINK
The Regional Government Outlines The Most Important Items To Be Negotiated In Baghdad
Wednesday 09 November 2022 17:29 | political Number of readings: 132 Baghdad / NINA / – The Kurdistan Regional Government announced the formation of a ministerial delegation to negotiate with the central government in Baghdad.
And the regional government stated in a statement, that it met today and decided to form a ministerial delegation consisting of the ministers of finance, planning and natural resources, to negotiate with Baghdad.
She explained: “The most important paragraphs of negotiation with the federal government will be the dialogue on constitutional rights, the ministerial curriculum for the current government that the Iraqi parliament voted on, Article 140, the region’s share of the budget, the oil and gas file, the region’s participation in federal institutions, and the file and rights of the Peshmerga.” As well as draft laws (the Federal Court, the Federal Council, oil and gas)./ End
Global Oil Prices Drop
Economie| 09:08 – 09/11/2022 Follow-up – Mawazine News: Oil prices fell for the third day in a row, today, Wednesday, in light of the expectations of difficult Chinese demand and the rise in US inventories.
West Texas Intermediate crude fell 46 cents toward $88.45 a barrel, after falling by 4% over the past two days, and Brent crude fell 35 cents to $95.01.
The outbreak of the Corona virus in China shows the pressures on the economy as the zero-Covid policy continues, although harsh lockdowns and mass testing have failed to control it.
On the other hand, the American Petroleum Institute reported that oil inventories increased by 5.61 million barrels last week, according to people familiar with the numbers, which also showed a rise in gasoline stocks, while markets are awaiting official data from the Energy Information Administration later on Wednesday.
Crude oil rebounded in October after the Organization of the Petroleum Exporting Countries and its allies agreed to cut supplies, while tight EU restrictions on Russian oil flows next month amid the war in Ukraine could add upward pressure on prices.
Traders were also tracking the results of the midterm elections in the United States, where a change in the balance of power in the Senate and House of Representatives could derail President Joe Biden’s legislative agenda and affect the US currency, with the potential for significant fluctuations in the prices of crude oil and other commodities. https://www.mawazin.net/Details.aspx?jimare=210691
The Minister Of Commerce Launches A Plan To Monitor The Local Market And Warns Against Monopoly And Blackmailing Citizens
Economie| 01:21 – 08/11/2022 Baghdad – Mawazine News, Minister of Commerce Atheer Daoud Al-Ghurairy launched, on Tuesday, a plan to monitor the local market and materials prohibited from import, while warning against the existence and monopoly of these materials in order to put pressure on the citizens.
Al-Ghurairi said during his meeting with the ministry’s supervisory body from the commercial and financial control departments and its branches in the governorates and companies, that “the plan will include Baghdad and the governorates to follow up and monitor the local market and prepare detailed reports to the competent authorities for the purpose of taking urgent measures to monitor what is happening in the market.”
The Minister of Commerce stressed that “the next stage requires more monitoring, follow-up and scrutiny, and the Commercial Control Department has a pivotal and influential role to follow up on the local market,” noting that “the department’s work needs to change in methods and coordination with stakeholders to find a solution that prevents inflation or rise in prices and prevent monopoly.” And working to support the Iraqi citizen through the imprint provided by these supervisory teams, died during their follow-up to the local market.
Al-Ghurairi stressed that “this stage is a stage of follow-up audit and control, whether it is in the local markets or even through the daily work that the ministry’s companies play,” noting that “the censor bears the historical responsibility to be a point of light in launching the work of this ministry in ranges.” wider.”
He noted that “the ministry will prepare weekly, monthly and quarterly reports to follow up prices and markets and prevent the monopoly process. The coming period will also witness the process of revitalizing the private sector through the ministry’s efforts,” explaining that “this will happen through two parts, the first is related to following up on local markets, preventing monopoly and raising a price on the shoulders of The citizen and the second by activating the private sector by giving it a natural role in exercising its role in trade.”
He pointed to “the importance of the role of the watchdog in following up and monitoring the market and preparing a database that includes food prices, causes, results and treatments, as well as the evaluation through continuous campaigns for the markets, which will cast a shadow over the services provided by the ministry to the citizen,” stressing “the presence of the supervisory employee in positions of responsibility to audit all Work sites, diagnosing errors and addressing and identifying violations in order to correct the paths that occurred in previous times.
The Minister of Commerce went on to say, “We will follow up the work of oversight and support its orientations within the framework of auditing and new mechanisms. The next stage will define the features of work in the Ministry of Commerce, help raise the level of performance and broadcast a message of satisfaction that the citizen can feel in the services provided to him.” Ended 29/N33
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