More Iraqi News Wednesday Evening 7-20-22
TLM724 Administrator BondLady’s Corner
US Ambassador: I Will Not Give Sadr Any Advice, As He Knows Best What Is Best For The Country
Wednesday, 20 July 2022 12:51 PM Baghdad / National News Center The US ambassador to Iraq, Alina Romanowski, commented on the decision of the leader of the Sadrist movement, Muqtada al-Sadr, to direct members of the Sadrist bloc to withdraw from Parliament.
“I will not give al-Sadr any advice, as he knows best what is best for the country,” Romanowsky said in a statement to a number of journalists, followed by the National News Center.
She added: “I do not imagine that the Iraqi people want armed militias to control their airspace, and the formation of the government is an internal Iraqi affair.”
She pointed out that “the next government should be a solution to the problems of Iraq, and America will remain in the Middle East, and is committed to its friendship with Iraq.”
She explained, “Iraq’s contribution to the Jeddah summit was very important,” stressing that Washington “will support the private sector in Iraq, and its creators.”
And she indicated: “We have focused on three main projects in Iraq, and we are working to increase the capabilities of the Iraqi government to completely eliminate ISIS.”
And she continued: “We have supported Iraq economically and diplomatically on the issue of the electrical connection, and we hope that the new government will seek to expand the partnership and relationship with the international community, and it must protect Iraq’s sovereignty.”
She pointed out that “Iraq is the cornerstone of the stability of the Middle East, and it is a strong strategic partner for America, and its stability is important to the United States.”
She explained, “There are three ways to strengthen the partnership of Iraq and the United States, and we will support Iraqis and families until we reach a stable Iraq.”
She emphasized, “We do not do anything different in Kurdistan than we do in Baghdad, and we do not encourage one party at the expense of another regarding the position of President of the Republic.”
She pointed out that “America will not interfere with the selection of the Kurdish candidate for the presidency of the republic, which is a purely Iraqi Kurdish choice, and we do not interfere with it.”
Al-Hakim Discusses With Blackshart The Path Of Forming The Next Government
Ammar Al-Hakim, head of the National Wisdom Movement, discussed with the representative of the Secretary-General of the United Nations in Iraq, Jenin Plasschaert, the path of forming the government and the upcoming benefits.
Al-Hakim stressed, according to a statement by his office, the importance of forming the government according to specific criteria in choosing its president, parties and ministers, stressing the need to form a harmonious team of competent and honest personalities.
He called on all political forces to assume their responsibilities to end the current political blockage, and reiterated the call for the Kurds to decide their candidate as an entitlement that leads to the formation of the government.
Al-Hakim stressed the importance of the international role in helping Iraq find solutions to the climate and food security crisis, pointing to the importance of the international presence at the cultural and social level and helping Iraq to overcome challenges, considering that Iraq’s stability is a necessity for the security and stability of the region and the world. https://www.radionawa.com/all-detail.aspx?jimare=30380
The Opening Of Two Bank Branches For Rafidain In The Nineveh Plain
Wednesday 20 July 2022 10:48 | Economic Number of readings: 267 Mosul / NINA /- The local government in Nineveh Governorate has opened two branches of Al-Rafidain Bank after the end of their reconstruction in the Nineveh Plain.
Rafidain Bank branch manager Monem al-Tahan told the National Iraqi News Agency / NINA / that “the local government opened two branches belonging to Rafidain Bank after completing their reconstruction and restoration, which were destroyed by ISIS gangs during the fall of Mosul.”
He added that “the two branches that were opened are divided between the district of Hamdaniya and the district of Bashiqa within the Nineveh Plain,” noting that “the Mosul Reconstruction Committee is about to announce the end of the reconstruction of all destroyed banks within the next few days after the end of their construction and the opening of more than 20 banks and branches distributed throughout Nineveh Governorate” / End https://ninanews.com/Website/News/Details?key=988638
The Results Of The Foreign Currency Sale Window Thursday 7/21/2022
Advertisement No. (4687) Sale date – Thursday 7/21/2022 the details the amount
Total sale for the purposes of strengthening balances abroad (remittances, credits) 230,980,358
Total cash sale 19,750,000 total total sales 250,730,358
Note that: The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar. The cash sale price is ( 1460 ) dinars per dollar.
» The Central Bank of Iraq’s foreign currency sales schedule Thursday 21/7/2022
https://cbi.iq/currency_auction
Online Platform
July 20, 2022 Proceeding from the role of the Central Bank of Iraq in developing the work of exchange companies and mediating in the sale and purchase of all foreign currencies and supporting it with the technical infrastructure that allows them to ensure the integrity of their operations and document them in a way that ensures reference to them with the required speed and accuracy, this bank will adopt a special platform for the activities practiced by their companies and it will facilitate a lot of the restrictive procedures for the activities of their companies.
Noting that they will be notified of the special requirements to work on this platform within specific times that will be notified later. https://cbi.iq/news/view/2048
Deep Concern” .. The Central Bank Expects A 4% Drop In Iraqi GDP Due To Drought
Economic 2022/07/19 | 5:33 pm Information / Baghdad.. The Director General of the Investment Department of the Central Bank of Iraq expected that the real GDP of Iraq would decrease by 4%, due to the problems of climate change and high temperatures, which coincide with the contradiction of Iraq’s water shares from the Tigris and Euphrates.
“Central banks are necessary to combat climate change, although it is difficult for central banks to integrate climate change risks into their analytical and modeling frameworks, but they still play a role in acting,” Ahmed said in an article on the banking development website omfif.
Studying the effects of climate change and encouraging the transition to a green economy can do all this while maintaining an effective financial system and managing inflation, interest rates, growth, prudential policy and behavioral incentives.” He added,
“Climate-related risks add distinct challenges for central banks.
The first problem is one of the reliable information about a green transition.
Second, the real risks of climate change and a turbulent green transition may not be linear and manifest in the medium to long term.
Third, the future of change is difficult to predict. environment and work that is highly dependent on political events.” He continued,
“Central banks have various ways to mitigate climate-related risks,
they can reduce the size of polluting companies and support new companies that aim to reduce carbon emissions through financing channels, and
they can help spark broader reform –
central banks can constrain the ability of commercial banks to provide Financing for companies with a high carbon footprint while providing low-interest loans for green and renewable energy projects.
Given this, the focus is now on macroprudential management, guidelines, management assumptions and stress testing with greener monetary policy.” He warned that
“the Central Bank of Iraq is deeply concerned about the impact of climate change on the Iraqi economy after the dramatic weather events – with record temperatures exceeding 50 degrees –
Iraq experienced dry land and a shortage of clean water from the Tigris and Euphrates rivers and groundwater,
we estimate that these trends It could lead to a 4% decrease in Iraq’s real GDP, regardless of any gains in GDP levels due to higher oil prices.” He cautioned that
“the Central Bank operates in one of the largest oil-exporting countries in the world and relies heavily on crude oil revenues, which constitute more than 95% of Iraq’s fiscal budget and about 60% of its gross domestic product.
However, the significant risks posed by climate change It prompted the Central Bank to take urgent action, for example,
we are currently providing 1 trillion Iraqi dinars ($690 million) with low interest and soft-term loans for water, green and renewable energy projects.” He noted that
“loans will be provided through local banks.
In addition, we are working with local government partners to raise awareness about the economic impacts of climate-related risks on the Iraqi people.
We hope that by taking such an approach, we can avoid accelerating the severity of climate risks.” and cooperate with government, media and private organizations to achieve the necessary cultural change.” finished/25h https://almaalomah.me/2022/07/19/609258/
Economic Center: Iraq Raises Its Holdings Of US Bonds To More Than 4.5 Billion Dollars
Economie| 11:02 – 20/07/2022 Baghdad – Mawazine News The Iraqi Political Economic Center revealed, on Wednesday, a rise in Iraq’s possession of US bonds.
And the director of the center, Wissam Hadmal Al-Helou, said in a statement received by Mawazine News, that
“Iraq’s possession of US Treasury bonds for the month of May of 2022 increased by 4 billion and 584 million dollars, or 13.94%, to reach 32.894 billion dollars, after it was 28.310 billion dollars. Last April, according to the latest official statistics issued by the US Treasury. And Al-Helou, that
“these bonds also rose from the same month last year 2021, when Iraq’s possession of bonds amounted to 20.9 billion dollars, and that Iraqi bonds, including long-term guarantees by 15.485 billion dollars and short-term guarantees by 17.409 billion dollars.” He pointed out that
“this bond represents 0.4% of the world’s bonds,” adding that
“Saudi Arabia comes in first place at the forefront of the (Arab) countries with the most possession, reaching 114.650 billion dollars, and
Kuwait comes second with 46.326 billion dollars, and the
UAE comes third with 38,277, and then
Iraq fourth and
Oman fifth with 6.327 billion dollars, then
Morocco with 3.723 billion dollars. And he added,
“The most holder of US bonds is Japan, at $1,212.827 trillion, followed by China, with $980.786 billion, followed by the United Kingdom, with $634.010 billion, and Ireland, with $289.279 billion.”
https://www.mawazin.net/Details.aspx?jimare=199876
The Central Bank Decides To Approve The Exchange Companies Category (A, B) And Mediate The KYC Form
July 20, 2022 The Central Bank of Iraq decided to adopt all authorized exchange companies (classes A, B) and mediation companies Know your customer (KYC) form.. To view click here
https://cbi.iq/static/uploads/up/file-165831044728695.pdf
https://cbi.iq/news/view/2047
