Iraqi News Highlights Wednesday Afternoon 1-4-23
Tlm724 Administrator Bondlady’s Corner
New Demonstration In Front Of The Central Bank To Demand A Reduction In The Currency Exchange Rate
Wednesday 04 January 2023 14:59 | Economical Number of readings: 289 Baghdad / NINA /- Hundreds of activists and representatives of civil organizations demonstrated today, Wednesday, in front of the Central Bank of Iraq building in the Hafez Al-Qadi area, demanding a reduction in the currency exchange rate against the dinar and activating deterrent legal measures to control banking transactions./
https://ninanews.com/Website/News/Details?Key=1024347
Parliamentary Finance Reveals To Nina The Reasons For The Delay In The Budget, The Features Of Its Paragraphs, And The Date For Its Approval In Parliament
Wednesday 04 January 2023 09:17 | Economical Number of readings: 574 Baghdad / NINA / – A member of the Parliamentary Finance Committee, Jamal Cougar, revealed the reasons for the delay in the budget, the features of its paragraphs, and the date for its approval in Parliament.
Cougar said in a statement to the National Iraqi News Agency ( NINA ) that the delay in sending the budget is due to several reasons, including that the government was formed late, and also the government was planning for the price of a barrel of oil to be above $70 per barrel, but the drop in oil prices re-examined the price of a barrel again.
And also the differences between the federal government and the Kurdistan region, as well as the differences between the blocs of the State Administration coalition.
He explained, “It is likely that the budget will be approved in February, given that after the legislative recess, it will be sent from the government to the House of Representatives, and it needs at least 20 days to read it, study it, and then approve it.”
Cougar suggested to the government that the price of a barrel of oil be precautionary (65-70), to be able to provide services to citizens and complete projects, given that without services it will affect the social reality of the country.
And he stressed that even if oil prices decline in the future, we have a financial surplus and excellent bank reserves that we can go to. https://ninanews.com/Website/News/Details?Key=1024243
Iraq Achieves The Highest Purchase Rate Of US Bonds In 10 Years
Wednesday 04 January 2023 13:38 | Economical Number of readings: 226 Baghdad / NINA / – The US Treasury announced today, Wednesday, that Iraq achieved the largest purchase of its bonds during the month of October of 2022, in more than 10 years, to be one of the largest foreign holders.
And the treasury said in its latest schedule, “Iraq achieved, during the month of October of 2022, the largest purchase of US Treasury bonds, at $38 billion,” noting that “the value of these bonds increased by 86% over the value of the bonds for the year 2021 and increased by 76%.” compared to 2020, and increased by 16% compared to 2019.
And she added, “Iraq’s highest possession of US Treasury bonds was in 2012, when the value of bonds in that year reached $48.3 billion, after which it decreased by 29% in 2011.”
She pointed out that “Iraq was the fourth largest Arab country in terms of the value of bonds after Saudi Arabia, Kuwait and the UAE, while Japan came on top of the countries with the largest value of these bonds, followed by China second and the United Kingdom third.”/ End
https://ninanews.com/Website/News/Details?key=1024322
Government Movement To Complete The Requirements For Iraq’s Accession To The World Trade Organization
Money and business Economy News – Baghdad On Wednesday, the Ministry of Commerce detailed its plan to complete the requirements for Iraq’s accession to the World Trade Organization.
The media center in the ministry stated to the official news agency, “The committee concerned with Iraq’s accession to the World Trade Organization, headed by the Minister of Commerce and membership of representatives of ministries and agencies as well as representatives from the private sector, is working to complete the requirements for Iraq’s accession to the organization.”
He explained, “The ministry’s plan during the current year includes completing technical accession files in terms of goods, services and intellectual property, in addition to harmonizing legislation and laws with the agreements of the multilateral organization.”
He pointed out that “the plan includes holding official meetings in the organization in Geneva, and that there be high coordination with member states that carry economic weight in the organization to mobilize support and accelerate accession procedures and make Iraq an active member and partner in making economic decisions and drawing trade policies that enhance Iraq’s integration into the International Economy”.
He pointed out that “the Minister of Trade confirmed – within the prepared plan – the preparation of the Iraqi negotiating team, which will engage in negotiating rounds with the member states of the organization by strengthening the negotiating capabilities of the members and benefiting from the experiences of the countries.” Views 138 Added 01/04/2023 – 3:56 PM Updated 01/04/2023 – 7:12 PM
https://economy-news.net/content.php?id=31703
Details Of The Central Bank Governor’s Meeting With A Number Of Young People Regarding The Exchange Rate Of The Dollar
Money and business Economy News – Baghdad The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, met today, Wednesday, with a number of young people “who call for controlling the exchange rate of the dollar.”
Makhaif explained, according to a statement to the Central Bank’s media, “the measures taken by the Central Bank in dealing with mechanisms for financing foreign trade, creating the electronic platform for transferring funds for these purposes, and correcting the course of financial and commercial work.”
He reviewed the Central Bank’s procedures for delivering foreign currency to those wishing to travel, and the challenges facing the monetary authority and the procedures adopted to activate supervision of the banking sector.
The statement added, “The guests showed understanding of these procedures and supported the importance of regulating trade and avoiding inaccurate documents.”
Views 206 Added 01/04/2023 – 5:40 PM Updated 01/04/2023 – 7:10 PM
https://economy-news.net/content.php?id=31706
The Dollar Jumps To 156 Thousand Dinars In The Iraqi Market
Economie| 09:45 – 04/01/2023 Baghdad – Mawazine News The exchange rates of the dollar rose today, Wednesday, on the local stock exchange. Selling price: 156,000 dinars per 100 dollars Buying price: 155,500 dinars per 100 dollars https://www.mawazin.net/Details.aspx?jimare=215830
The Central Bank Issues Directives To Banks Regarding The Collection Of Customs Duties And Tax Amounts
Economie| 09:40 – 04/01/2023 Baghdad – Mawazine News The Central Bank issued, on Wednesday, a directive to all banks regarding the collection of customs duties and tax amounts.
And a statement by the Central Bank stated, “Based on what was stated in Cabinet Resolution No. (315) for the year 2022, which includes not working with the mechanism for collecting customs tax deposits in advance stipulated in Article 16 / Fourth of the Federal General Budget Law for the fiscal year 2021, due to the end of work.” With the end of the aforementioned fiscal year, it was decided to cancel work on paragraph (1/Third) of the foreign currency sale controls for the year 2021, and not to send the data of the participants in the electronic platform for financial transfers to the tax and customs departments.
He pointed out that “the General Authority for Taxes and the General Authority for Customs will pay their due dirhams in accordance with their laws and instructions for organizing their work by collecting the fees received from Iraq at the border crossings.” Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=215829
Integrity: A Summons Order Was Issued Against The Current Minister Of Justice
Political | 02:48 – 04/01/2023 Baghdad – Mawazine News The Federal Integrity Commission announced, on Wednesday, the issuance of a recruitment order against the current Minister of Justice and the Director of Security Permits in the Ministry. for abusing the power of their positions.
The Investigation Department stated, “The decision was issued by the second Karkh Court, which is specialized in examining integrity cases, for their role in obstructing the implementation of the court’s investigation judge’s decision in the case related to the file of feeding prisoners and detainees, and refraining from providing the Integrity Commission team with the required documents.”
The department stated, in a statement received by Mawazine News, that “the aforementioned court issued a recruitment order, based on the provisions of Article (329) of the Iraqi Penal Code No. (111 of 1969).” Ended https://www.mawazin.net/Details.aspx?jimare=215859
The Head Of The Ports Authority Directs To Double The Electronic Audit
Political | 03:34 – 04/01/2023 Baghdad – Mawazine News , the head of the Border Crossings Authority, Omar Adnan Al-Waeli, directed, on Wednesday, to double the electronic audit and make the current year free of negative phenomena.
The authority said in a statement that Mawazine News received a copy of it, that “Al-Waeli held an important meeting in the Umm Qasr Al-Shamali Port Directorate, in the presence of the Director General of the General Company for Iraqi Ports, Farhan Muhaisen Al-Fartousi, in addition to all the departments operating in the sea port, represented by the customs centers and security services, as well as the ports.
Al-Waeli stressed “the necessity of concerted efforts to confront the scourge of smuggling in all its forms by intensifying detection, examination and auditing of all trucks, containers and wheels, large and small, to prevent the passage of any smuggled or prohibited materials of any kind.”
He pointed to “the importance of making the year 2023 a year devoid of all negative manifestations that were diagnosed in the previous year,” urging “those gathered to reconsider all procedures and not allow any violation to pass in order to raise the level of work.”
He pointed to “the importance of activating and doubling electronic auditing and taking more serious steps to preserve public money.”
While the Director General of Iraq’s ports stressed, according to the statement, “the necessity of coordination and exchange of information between the port directorates and operating departments,” expressing his readiness “to provide full support to the working departments to enable them to perform their tasks, especially with regard to the work of sonar devices and their importance in combating smuggling.”
And he stressed that “a sonar device will be installed in a qualitative place to monitor the contents of trucks and containers.” https://www.mawazin.net/Details.aspx?jimare=215867
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