Iraq Economic News 5-29-2024
Economist: The budget is not affected by the dollar exchange rates… and explains why
Time: 05/28/2024 15:33:18 Read: 3,458 times {Economic: Al-Furat News} An economic expert ruled out that the financial budget was affected by the dollar exchange rates.
Bassem Jamil Antoine told Al-Furat News Agency, “The budget is not affected by the rise or fall of the dollar exchange rates, because Iraq will receive the dollar from oil exports, and on the contrary, revenues increase with the increase in dollar prices globally.” He stated that “market obligations are dealt with in the Iraqi dinar, and there is no dealing in the dollar, and the budget is built primarily on the Iraqi dinar and not on the dollar, so the budget is never affected by the dollar exchange rates.”
https://alforatnews.iq/news/خبير-اقتصادي-الموازنة-لا-تتأثر-بأسعار-صرف-الدولار-ويوضح-السبب
The United States Ambassador Praises Iraq’s Ratification Of The Electronic System
The US Ambassador to Baghdad, Elena Romanowski, praised Iraq’s official ratification of the electronic payment system at the end of April.
Romanowski previously described this approval in her blog on the X-Twitter platform as great news.
He added that this step will pave the way for a modern financial system and economic growth, noting that this ratification was a joint effort by the United States Agency for International Development, the Central Bank of Iraq, and the United Nations Development Programme. https://www.radionawa.com/all-detail.aspx?jimare=38375
A Decline In Dollar Exchange Rates In Baghdad, Basra And Erbil
Wednesday 29, May 2024 10:55 | Economical Number of readings: 294 Baghdad / NINA / The exchange rates of the dollar against the dinar witnessed a decline this morning, Wednesday, in Baghdad, Basra, and Erbil. Below is a list of dollar selling prices: $100 = 144,900 dinars in Baghdad $100 = 144,950 dinars in Basra $100 = 144,900 dinars in Erbil.
https://ninanews.com/Website/News/Details?key=1129415
The British Ambassador: We have a desire to strengthen Iraq’s friendship and support it in reconstruction
Economy News – Baghdad The British Ambassador to Iraq, Stephen Charles Hutchin, confirmed, on Wednesday, during his meeting with the President of the Republic, Abdul Latif Jamal Rashid, his country’s desire to strengthen cooperation with Iraq and provide support in construction and reconstruction.
The Presidency of the Republic stated in a statement, seen by Al-Iqtisad News, that “President of the Republic, Abdul Latif Gamal Rashid, received, today, Wednesday, at Baghdad Palace, the British Ambassador to Iraq, Stephen Charles Hutchin.”
According to the statement, Rashid stressed “the importance of strengthening bilateral relations between Iraq and the United Kingdom, expanding the horizons of economic, investment and technological cooperation, and joint work to confront climate and environmental changes.”
He pointed out that “the security and political stability that the country is witnessing and their positive repercussions on the economic, service and living aspects,” stressing Iraq’s keenness to establish balanced relations with its regional surroundings in accordance with the principles of good neighborliness and in a way that preserves its security, stability and national sovereignty.
For his part, the British ambassador affirmed his country’s “desire to strengthen relations of cooperation and friendship with Iraq and support it in the sectors of economic and social development, construction and reconstruction.” Views 87 05/29/2024 – https://economy-news.net/content.php?id=43839
The Central Bank to NINA: The expansion of electronic payment operations will push towards the adoption of electronic signature in Iraq
Wednesday 29 May 2024 17:31 | Economical Number of readings: 340 Baghdad / NINA / The Central Bank of Iraq stressed the importance of proceeding with the adoption and implementation of the electronic signature project in Iraq.
Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said in a statement to the National Iraqi News Agency ( NINA ): “The expansion of the use of electronic payment operations will impose the need to implement the electronic signature.”
He added: “The need for paper signatures in government transactions and official papers will diminish in the future, until the need disappears completely with the expansion of the use of electronic payment processes and electronic signatures in daily transactions. There will be an obligation to amend laws or implement previous legislation related to electronic signatures.”
Last March, the Ministry of Communications announced that 90% had been achieved in the electronic signature project, which aims to include Iraq in the list of countries in the world whose electronic transactions are recognized as reliable, upon adopting the electronic signature in these transactions, which can be issued to any citizen or governmental or private entity.
Desiring to obtain it by obtaining the internationally accredited electronic certification certificate, which will be issued by the Ministry of Communications in accordance with the law.
She explained: “Adopting the electronic signature in administrative and financial transactions in Iraq will contribute to simplifying procedures and supporting the government’s orientations towards digital transformation. And reducing financial and administrative corruption.”/End 5 https://ninanews.com/Website/News/Details?Key=1129504
Provoking Thoughts and Points To Ponder on Character:
He liked to like people, therefore people liked him. – Mark Twain
Generous people are rarely mentally ill people. – Karl Menninger
The great hope of society is individual character. – William Ellery Channing
You must look into people as well as at them. – Lord Chesterfield
Human improvement is from within outward. – James Froude
Talent is nurtured in solitude; character is formed in the stormy billows of the world. – Goethe
When wealth is lost, nothing is lost; When health is lost, something is lost; When character is lost, all is lost! – Anonymous
Every man has three characters – that which he exhibits, that which he has, and that which he thinks he has. – Alphonse Karr
Not in the clamor of the crowded street, Not in the shouts and plaudits of the throng, But in ourselves, are triumph and defeat. – Henry Wadsworth Longfellow
Who knows nothing base, Fears nothing known. – Owen Meredith
In men whom men condemn as ill I find so much of goodness still, In men whom men pronounce divine I find so much of sin and blot I do not dare to draw a line Between the two, where God has not. – Joaquin Miller
In this world a man must either be anvil or hammer. – Henry Wadsworth Longfellow
http://famousquotesandauthors.com/topics/character_quotes.html
