Bondlady’s Corner Wednesday Afternoon

Iraqi News Highlights Wednesday Afternoon 12-7-22


Tlm724 Administrator Bondlady’s Corner


Local Money Changers Stop Selling And Buying Dollars In Iraq


Economie| 01:04 – 07/12/2022   Baghdad – Mawazine News   A source said, today, Wednesday, that the buying and selling of the dollar in the Iraqi local money exchanges has stopped.


The source told Mawazine News, “The local money changers have stopped buying and selling the dollar, due to the instability of the dollar’s exchange rates on the Iraqi Stock Exchange.”


It is noteworthy that the selling prices of the dollar were recorded yesterday, 149,600 dinars per 100 dollars, while the buying prices of the dollar were recorded at 149,500 dinars per 100 dollars.


Today, the selling prices of the dollar were recorded at 150,400 dinars per 100 dollars, while the buying prices of the dollar were recorded at 150,250 dinars per 100 dollars. Ended 29 / m99


A New Rise In Dollar Exchange Rates


Economie| 12:35 – 07/12/2022   Baghdad – Mawazine News


Today, Wednesday, the exchange rates of the dollar witnessed an increase in the local stock exchange.


And the selling prices of the dollar were recorded at 150,400 dinars per 100 dollars, while the buying prices of the dollar were recorded at 150,250 dinars per 100 dollars. Ended 29 / M99


Economist: The Government Should Control The Exchange Rate Of The Hard Currency. The Poor Are The Victims


Wednesday 07 December 2022 09:17 | Economical Number of readings: 300   Baghdad / NINA / – The expert in economic affairs, Malath Al-Amin, stressed the importance of the concerned and governmental authorities controlling the exchange rate of the hard currency, stressing that the rise of the US dollar will negatively affect the poor classes of Iraqi society.


Al-Amin said in a statement to the Iraqi National News Agency ( NINA ) that the Iraqi market depends mainly on imported commodities after the deterioration of the productive sector – agricultural and industrial – so that Iraq has become a popular market for foreign commodities.


Indeed, the countries of East Asia and Turkey have established factories that export their production to Iraq in particular, and they have also determined the expansion of their exports. Iraq as an important main source for the development of its economy.


He added, “Political factors play an important role in making Iraq a consumer and non-productive country, as it eats what is grown and produced in other countries, which exposes the Iraqi economy to major imbalances in the event of any major event occurring in the exporting countries, or exposing shipping lanes to security risks, which requires Officials should direct attention to restoring Iraq to its former state by relying on what it produces in large quantities and rationing imports.


He pointed out, “The increase in import means an increase in the quantities of hard currency leaving the country, which increases the amount of demand for it, which leads to a rise in its price and thus a rise in the prices of imported materials, or what is called a rise in the market.”



And he stated, “The source of hard currency in Iraq is oil exports. The greater the amount of oil export, the greater the amount of hard money entering Iraq, which leads to an increase in the value of the Iraqi dinar against the dollar and cheap prices… However, this matter will not last long, given the control of traders in the market with the intent to obtain On more profits, they are not interested in the poor who may not be able to get their daily bread.


He continued, “The government should take measures to protect the poor class by controlling the exchange rate of the hard currency or by finding a financial mechanism to support the poor classes by supporting the social protection network, and the rise in the value of the Iraqi currency against foreign currencies has a great impact on the poor class, which will benefit.” From the decrease in the price of imported materials, including basic foodstuffs.


The Central Bank And The International Monetary Fund Are Discussing Bilateral Cooperation


Money  and business   Economy News-Baghdad   Today, Wednesday, the Central Bank of Iraq discussed with the International Monetary Fund mission aspects of bilateral cooperation and its development.


And the media office of the Central Bank stated in a statement, “The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, received the Minister of Finance, Taif Sami, and the International Monetary Fund mission that is currently visiting the capital, Baghdad.”


He added, “During the meeting, the main policy challenges and aspects of bilateral cooperation were discussed and developed in a way that serves the banking and economic sector in Iraq, as well as enhancing financial stability.”


It is noteworthy that the Central Bank of Iraq will host on Wednesday and Thursday the meetings of the International Monetary Fund mission in the capital, Baghdad, with the participation of the Ministry of Finance and representatives of the Ministries of Planning, Electricity, Labor, Water Resources and the Environment.   Views 109   Added 12/07/2022 – 1:18 PM   Updated 12/07/2022 – 5:09 PM


Al-Sudani: The government seeks to restore citizens’ confidence in the administrative and executive apparatus at all levels


Political | 04:19 – 07/12/2022    Al-Sudani: The government seeks to restore citizens’ confidence in the administrative and executive apparatus at all levels


Finance: Our Plans Aim For A Structural Reform Program In The Financial And Economic Aspects


Money  and business   Economy News – Baghdad   The Ministry of Finance announced, on Wednesday, that its plans aim for a structural reform program in the financial and economic aspects.


The ministry’s media office said in a statement, “The Minister of Finance, Taif Sami Muhammad, received, today, at the ministry’s headquarters, the International Monetary Fund mission team headed by Tukhir Mirzouf and his accompanying delegation, in the presence of the ministry’s advisor and director general of the Public Debt Department.”


He added, “The minister discussed strengthening areas of joint cooperation with the IMF, which comes as a continuation of a series of bilateral meetings within the framework of benefiting from modern technical programs and capabilities in the financial and economic sectors, supporting sustainable strategic projects, and discussing the strategies and expectations of the Iraqi economy and support programs between the two sides.”


And she emphasized that “the procedures and steps that the ministry is working to implement through the approved governmental curriculum, identifying the priorities necessary for the stability of the Iraqi economy and measures to confront current challenges,” explaining that “the ministry’s plans towards the structural reform program in the financial and economic aspect, and mechanisms to stimulate the vital productive sectors in addition to providing requirements Support the private sector and expand the coverage of the social safety net.


For his part, the head of the mission affirmed “the fund’s readiness to support Iraq to implement financial and economic reforms and confront the effects of global crises,” praising “the performance of the Iraqi economy in light of the positive indicators that have been achieved despite the regional and international conditions and challenges.”   Views 19   Added 12/07/2022 – 4:46 PM   Updated 12/07/2022 – 5:07 PM


The Iraqi Parliament Enters Its Legislative Recess Tomorrow


Political | 02:16 – 07/12/2022   Baghdad – Mawazine News, a member of the House of Representatives for the Kurdistan Democratic Party bloc, Majid Shingali, confirmed today, Wednesday, that the House of Representatives will go into its legislative recess tomorrow, Thursday, while ruling out extending the legislative term again.


“The House of Representatives will enter its legislative recess tomorrow, Thursday, December 8,” said Shinjali, to the official news agency, followed by Mawazine News, noting that “the parliament extended its legislative term on the 8th of last month for a month, so tomorrow will be a legislative holiday according to House of Representatives Rules of Procedure.


He added, “The House of Representatives was waiting for the budget to arrive in order to proceed with holding its sessions until they are completed, but for not arriving from the government, it will enter its legislative recess.”


He stressed, “The legislative recess cannot be canceled because it is within the rules of procedure of the House of Representatives, which stipulated that the legislative recess be for a period of two months, but it was reduced to one month only.”


Al-Mandalawi Meets With The Head Of The Integrity Commission And Confirms: The Danger Of The Corrupt Is Now Threatening All The Joints And Institutions Of The State


Wednesday 07 December 2022 15:30 | political Number of readings: 122  Baghdad / NINA / – First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, affirmed the House of Representatives’ support for the courageous decisions in all oversight institutions to deter the corrupt, while indicating that the danger of the corrupt threatens all the joints and institutions of the state.


The media office of the first deputy stated in a statement that “Al-Mandalawi met with the head of the Federal Integrity Commission, Haider Hanoun,” noting that “a number of issues were discussed, including following up the issue of theft of the century, stressing the need to enhance citizen confidence in oversight institutions, stop the waste of public funds, and tighten penalties.” Corruptors, and coordination with the House of Representatives in a way that contributes to combating corruption and preserving public money.


Al-Mandalawi stressed that “the danger of the corrupt is now threatening all the joints and institutions of the state,” noting that “the House of Representatives strongly supports the courageous decisions issued by all institutions and oversight bodies to deter the corrupt, in order to preserve public money, bring about real sustainable development and provide services to the people.”


He called for “investing sincere and patriotic energies in the Integrity Commission to confront the corrupt, adopting transparency in managing important files, and involving citizens in this battle, in order to develop a societal and administrative culture that values integrity and integrity.”



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