Bondlady’s Corner Thursday Afternoon

Iraqi News Highlights Early Thursday Afternoon 12-8-22


Tlm724 Administrator Bondlady’s Corner


Planning Announces The Approval Of The Ministry’s Budget For The Year 2023


local| 02:35 – 08/12/2022  Baghdad – Mawazine News   Today, Thursday, the Ministry of Planning announced the approval of its budget for the year 2023.


The ministry said in a statement, which Mawazine News received a copy of, that “the opinion committee held its periodic meeting for the month of December headed by Deputy Prime Minister – Minister of Planning Muhammad Ali Tamim.”


At the outset of the meeting, the minister stressed, “the importance of working in accordance with the directives of the Council of Ministers and in line with the objectives of the ministerial curriculum and the government program,” referring to “a number of important directives, foremost of which is adherence to laws and controls.”


And he directed “the need to take care of auditors’ reception places, and equip them with all comfort requirements, and facilitate the tasks of members of the House of Representatives as the highest oversight body in the country, as well as facilitating the procedures of other oversight bodies represented by the Financial Supervision Bureau and the Integrity Commission, in accordance with the laws, regulations, and instructions in force.”


The Board of Opinion approved the ministerial program of the Ministry of Planning, which was prepared in the light of the government curriculum, and the board also approved the ministry’s budget for the year 2023, and the approval of the conclusion of a memorandum of understanding between the Iraqi Accreditation Commission of the Ministry of Planning, and the Moroccan Accreditation Commission, and the conclusion of another memorandum of understanding between the Central Organization for Standardization Quality control and the Egyptian Organization for Standardization and Quality.


The meeting witnessed a discussion of the proposed amendments to the Ministry of Planning Law No. (19) for the year 2009, and other issues that were on the agenda, where the necessary decisions, procedures and recommendations were taken. LINK

The Central Bank denies that the US Federal Reserve will punish Iraqi banks


Economie| 08:57 – 08/12/2022   Baghdad – Mawazine News   The Central Bank of Iraq denied the US Federal Reserve’s intention to punish some Iraqi banks.


An authorized source in the Central Bank of Iraq confirmed to the official news agency, which was followed by Mawazine News, today, Thursday, that “this news, which threatens the reputation of the banking sector and the business sector in Iraq, is untrue.”


The Central Bank of Iraq called on those who transmit the news to exercise caution by transmitting inaccurate information, stressing that all Iraqi banks are in compliance with the laws and instructions issued by the Central Bank, especially those related to combating money laundering and terrorist financing. Ended


Iraq.. The Dollar Continues To Exceed The Threshold Of 1,500 Dinars


Economie| 09:35 – 08/12/2022  Baghdad – Mawazine News  Today, Thursday, the exchange rates of the dollar witnessed a slight decrease in the local stock exchange.


The selling price of the dollar was 150,200 dinars per 100 dollars, while the buying price of the dollar was 150,100 dinars per 100 dollars.


Parliamentary Statement Regarding The Rise In The Exchange Rate Of The Dollar


Political | 02:14 – 08/12/2022   Exclusive – Mawazine News   Independent MP Ghassan Al-Eidani was surprised, on Thursday, at the high dollar exchange rates in the local markets to the current rates.


Al-Eidani told Mawazine News, “Prices were stable, and we are surprised that they have risen to these limits. Even the government and parliament have a duty in this regard.”


He continued, “It is the duty of the government to play the role of economic security, and the House of Representatives must focus its oversight and authority, and that any deputy who adopts this file, we will support him strongly.”


And today, Tuesday morning, the selling prices of the dollar were recorded at 150,200 dinars per 100 dollars, while the buying prices of the dollar were recorded at 150,100 dinars per 100 dollars. Ended 29/N33


Oil Prices Are Rising Again


Economie| 09:07 – 08/12/2022  Follow-up – Mawazine News  Oil prices rose in early Asian trading on Thursday, after falling to their lowest level this year as US crude stocks fell, as concerns grew that the economic slowdown would weaken demand for fuel.


Brent crude futures rose 62 cents, or 0.8%, to $77.79 a barrel by 03:25 GMT, while US West Texas Intermediate crude futures rose 69 cents, or 1%, to $72.70 a barrel.


Yesterday, Wednesday, Brent settled below the previous closing low for the year, which it touched on the first day of 2022, while US West Texas Intermediate crude fell to a new annual low.


And the Energy Information Administration said yesterday, Wednesday, that US crude stocks fell last week, while gasoline and distillate stocks rose, which increased concerns about falling demand.


And the data helped the rise in oil prices, which showed that the Japanese economy contracted less than initially expected in the third quarter, and the easing of Covid-19 restrictions in China, among the largest consumers of crude oil in the world, also helped stabilize oil prices.


The Judiciary Announces The Recovery Of More Than 143 Billion Dinars From The “Theft Of The Century” Amounts


Political | 03:39 – 08/12/2022   Baghdad – Mawazine News  The Supreme Judicial Council announced the recovery of the second batch of stolen tax secretariats.


And the judiciary stated, in a statement that Mawazine News received a copy of, that “the second Karkh Investigation Court, which is specialized in issues of integrity, stated that the second batch of tax secretariat amounts was deposited in an amount of one hundred and thirty-four billion and four hundred and fifty-five million and six hundred thousand dinars in the bank account opened in a bank Al-Rafidain, the main branch.


And she indicated, “The process of recovering the amounts of tax secretariats continues, so that the total amounts recovered are three hundred and seventeen billion, five hundred and thirty-five million, five hundred thirty-six thousand, five hundred and twenty-five dinars.” Ended 29 / H


Launching A Platform To Pay The Salaries Of Iraqi Retirees Residing In Arab Countries


Money  and business   Economy News – Baghdad   On Thursday, the Central Bank of Iraq announced the launch of a platform to pay the salaries of Iraqi retirees residing in Arab countries.


The bank said in a statement, “The Arab Monetary Fund, the Central Bank of Iraq, the Central Bank of Jordan, the Central Bank of Egypt, and the (Bunna) platform launched a joint Arab initiative to launch a service for paying the salaries of retirees residing in Arab countries using this platform.”


The Governor of the Central Bank, Mustafa Ghaleb Makhaif, said, according to the statement, that “Iraq is keen to provide the best financial services to its citizens,” noting that “this initiative will provide distinguished financial services and solutions to Iraqi retirees residing in the sister countries, Jordan and Egypt, upon receiving their monthly dues directly through bank accounts.” In a transparent, moderate cost and in a fast manner.


He added, “The initiative comes within the framework of our continuous efforts to employ financial technology and provide the banking sector with the best modern and secure solutions in the payments sector and financial inclusion, in a way that enhances joint Arab economic cooperation.”


According to the bank, “the initiative seeks, as a first stage, to include the category of Iraqi retirees residing in both the Hashemite Kingdom of Jordan and the Arab Republic of Egypt from receiving their monthly salaries more quickly and with higher efficiency, by opening a bank account for every Iraqi retiree who wishes to benefit from this service in any of the banks.” Participation in the initiative, which has completed the requirements of technical readiness to join the Bonani platform.


It is noteworthy that the “Buna” platform is a payment system operated by the Regional Corporation for Clearing and Settlement of Arab Payments, which is owned by the Arab Monetary Fund, and it constitutes an integrated system specialized in providing clearing and settlement services for payments in Arab and international currencies, aiming to empower financial and banking institutions in the Arab region and beyond. Including central and commercial banks, to send and receive intra-Palestinian payments throughout the Arab region and abroad in a safe and reliable manner at an appropriate cost and high efficiency.


70 views   Added 12/08/2022 – 4:39 PM   Updated 2022/12/08 – 7:10 PM


Trading On The Iraq Stock Exchange Exceeds Four Billion Shares


Money  and business   Economy News – Baghdad   The Iraqi Stock Exchange announced, on Thursday, that more than five billion dinars have been traded by the end of this week.


The market media stated in a statement that “the number of shares traded during this week is more than (4) billion shares,” adding that “the value of shares traded this week is more than (5) billion dinars.”


The trading index in the market closed for the first session of the week at “(582.86) points, while the index closed at the end of the week at (580.80) points, achieving a decrease of (0.35%) from its closing at the beginning of the session.”


And executed during the week, “more than (2600) sale and purchase contracts on the shares of companies listed in the market.”


Views 321   Added 12/08/2022 – 3:35 PM   Updated 12/08/2022 – 6:33 PM


Al-Sudani Is Discussing With The Delegation Of The International Monetary Fund Cooperation In The Field Of Economic Reform


Prime Minister Mohammed Shia Al-Sudani discussed with the International Monetary Fund cooperation in the field of reforming and developing the Iraqi banking system.


The media office of the Prime Minister said in a statement that Al-Sudani received the International Monetary Fund delegation headed by the resident representative of the Fund in Iraq, Mr. Ghazi Shbeikat.


During the meeting, Al-Sudani stressed the importance of enhancing aspects of joint cooperation between Iraq and the Fund’s development programs, and supporting the path of empowering the Iraqi economy.


The IMF’s support for the economic reform approach adopted by the government was also discussed, as well as cooperation in the field of reforming and developing the Iraqi banking system, and supporting Iraq’s efforts to combat corruption.


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