Iraqi News Highlights Sunday Evening 2-12-23
Tlm724 Administrator Bondlady’s Corner
Nermin Maarouf Confirms That The Legislation Of The Oil And Gas Law Will See The Light Soon After The Approval Of The Budget
Sunday, February 12, 2023 08:37 | Economical Number of readings: 861 Baghdad / NINA / – A member of Parliament for the Patriotic Union of Kurdistan, Nermin Maarouf, confirmed: The oil and gas law legislation will soon see the light. She told the National Iraqi News Agency / NINA /: The legislation of the law is part of the government curriculum, and within 6 months the government is supposed to send the copy to Parliament based on Article 112 of the constitution.
And she explained: According to this agreement, the legislation of the law is soon and will see the light after the approval of the budget./ End 3 https://ninanews.com/Website/News/Details?Key=1032815
A Jump In The Iraqi Central Bank’s Sales Of Hard Currency
Economie Sunday, February 12, 2023 10:32 am Baghdad / National News Center The Central Bank of Iraq recorded a big jump in dollar sales today, Sunday, which is the highest in weeks.
Total total sales amounted to 305 million dollars and 406 thousand and 95 dollars. The total amounts of cash sales, including 47 million and 900 thousand dollars.
As for the total amounts of transfers abroad (remittances, credits), they were 257 million 506 thousand and 95 dollars. https://nnciraq.com/186163/
The Appearance Of Muhammad Salih Identifies Two Considerations Behind The Big Jump In Central Bank Sales
Money and business Economy News-Baghdad The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained, on Sunday, the reasons for the large increase in the Central Bank’s sales of hard currency.
Saleh told “Al-Iqtisad News” that “the increases in sales of the Central Bank of Iraq’s foreign currency window are due to two considerations, the first: the high degree of compliance of private banks, participating in the Central Bank of Iraq’s window, with the requirements of the regularity of international trade financing, which came with the joint auditing platform.”
He added, “The second consideration is due to the strength of the package of facilities launched by the Central Bank in the matter of small and direct transfers to small merchants and various small transfers through the mediation of the highly compliant international banking system.”
Today, Sunday, the central bank’s sales of hard currency achieved a big jump, as it exceeded the ceiling of $300 million for the first time since 2022. https://economy-news.net/content.php?id=32427
Chairman Of The Integrity Commission: We Were Able To Recover Large Sums Of Money Dating Back To The Time Of The Former Regime
political| 01:58 – 12/02/2023 Baghdad – Mawazine News, the head of the Integrity Commission, Judge Haider Hanoun, said on Sunday that the commission was able during this period to “recover large funds dating back to the time of the former regime” and “handle many corruption files in recent years.”
And a statement by the Presidency of the Republic, received by Mawazine News, said, “The President of the Republic, Abd al-Latif Jamal Rashid, received today, Sunday, at the Baghdad Palace, the head of the Integrity Commission, Judge Haider Hanoun.”
During the meeting, according to the statement, “the development of the commission’s work was discussed in a way that serves the application of the law,” where the president referred to “the important role of the commission in detecting and combating corruption,” pointing to “the importance of working on a serious culture to alert the dangers of corruption and its impact on the country’s economy.” And the life of society, and this requires support from everyone, especially the media, and requires serious thinking about devoting a culture of combating corruption in all its forms.
The President of the Republic stressed, “the importance of enhancing joint cooperation and exchanging experiences between the Integrity Commission and the rest of the relevant state institutions in order to achieve integrity and transparency in its work.” He also affirmed his support for “the Commission’s efforts in the proper application of the principles approved by the Constitution and the relevant laws to ensure the preservation of public money and the closure of outlets for corruption.”
For his part, Judge Haider Hanoun praised “the support of the President of the Republic for the Commission’s work,” pointing to “the difficulties that hinder its work and ways to raise the level of its performance in a way that serves the consolidation of law in the country and secures the interests of the people.”
He continued, “During this period, the integrity was able to recover large sums of money dating back to the time of the former regime, in addition to dealing with many corruption files in recent years, which helped recover looted funds and refer wanted persons to the judiciary.” Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=219122
The Central Bank.. American Parties Express Their Willingness To Face The Challenges Of Working On The Electronic Platform For Remittances And Cash / Expanded
Saturday 11 February 2023 19:36 | Economical Number of readings: 466
Baghdad / NINA / – The delegation of the Central Bank of Iraq met for many hours with the delegation of the US Federal Reserve Bank and the US Treasury Department in Washington, DC.
The two parties, according to a bank statement, expressed their willingness to work jointly to meet the challenges of working on the electronic platform for remittances and cash.
The delegation of the US Federal Reserve Bank and the US Treasury discussed a number of support and attribution mechanisms for the Central Bank of Iraq, in order to enhance its capabilities to deal flexibly with crises during this stage.
The US Federal Bank confirmed that the Central Bank of Iraq’s measures are in the right direction to build a solid banking sector.
The Assistant Deputy Secretary of the US Treasury indicated ways to fully support the efforts of the government of Iraqi Prime Minister Muhammad Shia al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support.
The meeting listened to a presentation by the Governor of the Central Bank of Iraq regarding the bank’s directions in achieving its most important goals to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer.
The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed the bank’s intention to launch the second package of facilities that would enhance the stability of the exchange rate
https://ninanews.com/Website/News/Details?key=1032763
The President Of The Republic Stresses The Importance Of Continuing Consultation And Coordination Between The Federal Government And The Region
political| 04:27 – 12/02/2023 Baghdad – Mawazine News, President of the Republic Abdul Latif Rashid stressed today, Sunday, the importance of continuing consultation and coordination between the federal government and the Kurdistan Regional Government to reach real understandings that lead to radical solutions to outstanding issues.
The Presidency of the Republic said in a statement, a copy of which was received by Mawazine News, that “The President of the Republic, Abd al-Latif Jamal Rashid, received at the Baghdad Palace the delegation of the Kurdistan Region headed by the Minister of Interior of the region, Riber Ahmed, and his accompanying delegation,” pointing out that “during the meeting, Discussing the political, security and economic developments and the file of the displaced in the country, and the need to unify efforts among the Iraqi forces to face the challenges facing the country.
And the president stressed, according to the statement: “The importance of continuing consultation and coordination between the federal government and the Kurdistan Regional Government to reach real understandings that lead to radical solutions to outstanding issues based on the constitution, the law and the national interest of the country,” stressing that “the Iraqis are waiting for important benefits, including approving the budget and the oil and gas law for what They have direct contact with the lives and livelihood of citizens.
He pointed out that “the federal government and the regional government have the will and desire to resolve issues through understanding and dialogue between the two parties.”
In turn, Reber Ahmed stressed, “the keenness of the Kurdistan Regional Government to reach understandings and radical solutions to outstanding issues with the federal government,” referring to “the good relations between the two sides.” https://www.mawazin.net/Details.aspx?jimare=219136
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