Iraqi News Highlights Tuesday Afternoon 12-20-22
Tlm724 Administrator Bondlady’s Corner
Al-Sudani: The Financial Situation Is At Its Best, And The Reserves Of The Central Bank Rose To / 96 / Billion Dollars
Monday 19, December 2022 21:58 | Economical Number of readings: 745 Baghdad / NINA / – Prime Minister Muhammad Shia’a Al-Sudani affirmed that the financial situation is in its best condition, and the reserves of the Central Bank have risen to / 96 / billion dollars.
Al-Sudani said in a press conference: “The central bank has taken measures related to diversifying foreign remittances to cover imports, adding that the central bank has opened outlets to sell dollars and carry out transfers through government facilities.”
He said, “Reassure everyone that the government has control over food prices and secures the items of the ration card.”/ End 2 LINK
Al-Sudani In The “Baghdad Conference”: We Are Working Hard To Improve The Investment Environment In Iraq
Money and business Economy News – Baghdad Prime Minister Muhammad Shia al-Sudani affirmed today, Tuesday, that the idea of establishing the Baghdad conference stems from Iraq’s desire to establish and strengthen the rules of cooperation and partnership with neighboring and friendly countries.
Al-Sudani said in his speech during the second Baghdad Conference for Cooperation and Partnership, which was held in the Jordanian capital, Amman, that “the idea of establishing the Baghdad conference stems from Iraq’s desire to establish and strengthen the bases of cooperation and partnership between it and the geographical and regional neighboring countries, in addition to friendly countries,”
pointing out that ” The government adopts an open approach aimed at building regional and international partnerships based on common interests, including the establishment of complementary strategic projects to link Iraq with its regional environment.
He continued, “We see that the priority now lies in strengthening the bonds of cooperation and partnership between our countries through interdependence in infrastructure, economic integration, and mutual investments that strengthen the bonds of brotherhood and friendship between our countries and peoples.
We seek to work together to transform into industrialized countries, through the establishment of joint industrial zones that enhance Our joint industrial capacity, linking value-added chains for each of us, within an integrated chain capable of competing in global markets and launching giant projects in various sectors.
And between: “It is necessary to focus on the service sector and its development, and consider it one of the most important engines of the economy in our countries and our region, in addition to addressing the problem of unemployment through developing the productive private sector, improving working conditions in it, and providing guarantees for workers,”
noting that “on the internal level, we have put in place the fight against corruption The financial and administrative are at the core of our priorities, and we have practically started the anti-corruption campaign, starting from the highest levels, and we ask brotherly and friendly countries to help us recover the looted and smuggled funds of Iraq and hand over the wanted persons who take these countries as their place of residence.
He pointed out that “the government is working hard to improve the investment environment in Iraq, in terms of legislation, procedures and guarantees, to enable investors to enter our markets and benefit from the great opportunities in them,” noting that “the appropriate investment environment needs to establish security, and we have achieved security stability in Iraq after Great victories over the remnants of terrorism and takfiri groups.
Al-Sudani stated that “Iraq faces an existential threat due to water scarcity, and we are determined to work hard with our neighbors in the Turkish Republic and the Islamic Republic of Iran to ensure our water security, and to reach the best ways for joint management of transboundary water resources, and to reach our water share in accordance with international agreements and laws, and in parallel with So we started taking practical steps to promote the use of modern irrigation systems and stop wasting water in storage and agriculture.
He added: “We consider environmental pollution – in the air, water and soil – as one of the most important risks to the future of our people, especially in the southern regions, and we have begun serious work to address the burning of associated gas in oil fields, and we call on international companies to invest in this field in order to transform the use of this important source of energy for generation purposes.”
Electricity, in an effort to achieve self-sufficiency in the use of gas to generate electricity in the medium term, and to reduce greenhouse gas emissions and global warming.
Views 45 Added 12/20/2022 – 4:14 PM Updated 12/20/2022 – 5:51 PM
The Central Bank Launches A Package Of Measures To Improve The Performance Of Dollar-Related Transactions
The Central Bank of Iraq launched a package of measures to improve the performance of dollar-related transactions.
The Central Bank’s media office said in a statement, “This package of decisions would restore the foreign currency market to its normal position.”
He added, “The package included:
1- Allowing the banks participating in the foreign currency buying and selling window to purchase any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and pay interest / returns on those balances according to what this bank decides
2- Trade financing facilitation The private sector through Iraqi banks and meeting the demand for foreign transfers by strengthening bank balances with their correspondents in other currencies in addition to the US dollar (Chinese yuan, euro, UAE dirham, Jordanian dinar and others).
3- Opening outlets for selling foreign currency in government banks to the public for travel purposes (treatment, Hajj Umrah, study, etc.)
4- Reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at a price of (1465) dinars to the dollar instead of (1470) dinars to the dollar, as the dollar will be sold to electronic payment companies for the above purpose at a price of (1455) dinars to the dollar instead of (1460) dinars to the dollar.
https://www.radionawa.com/all-detail.aspx?jimare=32647
Parliamentary Committee: “Made In Iraq” Will Return Again
Reconstruction and building Economy News – Baghdad The Parliamentary Economy Committee seeks to activate the local product protection law during this session, explaining that it is not possible for the Iraqi industry to perish, no matter how foreign goods compete with it.
The head of the committee, Ali al-Moussawi, said, “There are good industrialists who will promote the Iraqi industry, and there is confirmation by Prime Minister Muhammad Shia’ al-Sudani on the issue of the national industry in particular,” noting that “a field will be opened for the private sector in order to protect the local product.” .
Al-Moussawi indicated, “The committee’s intention to activate the product protection law during this session, and this was confirmed through the meeting that took place between the committee and the Federation of Industries, and there will be joint cooperation between the two parties, and Made in Iraq will return again.” 52 views Added 12/20/2022 – 4:59 PM Updated 12/20/2022 – 5:42 PM
https://economy-news.net/content.php?id=31432
The Dollar Maintains Its Value On The Local Stock Exchange
Economie| 10:26 – 12/20/2022 Baghdad – Mawazine News Today, Tuesday, the US dollar maintained the exchange rate against the Iraqi dinar on the local stock exchange.
The selling price of the dollar was 151,300 dinars per 100 dollars, while the buying price of the dollar was 151,200 dinars per 100 dollars. LINK
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