Tuesday Evening Iraq Economic News Highlights 9-20-22
Government Official: The Decline In The Dollar Exchange Rates Is Due To Weak Market Activity
Shafaq News/ Today, Tuesday, a government official attributed the decline in the price of the dollar against the Iraqi dinar to weak market activity, indicating that the dollar in local markets is not affected by the foreign dollar.
The official, who preferred not to be named, said in an interview with Shafak News Agency; “What we are witnessing today of a slight gradual decrease in the price of the dollar against the Iraqi dinar is due to the weak activity of commercial markets, especially after the visit of the forty, which led to a lack of demand for the dollar,” noting that “this decline is simple and temporary and will not decrease to more than one dollar and will rise again.” Normal again soon.”
He added, “The dollar prices in the local markets were not affected by the dollar prices abroad, which have been on the rise for weeks,” noting that “this is due to the policy of the Central Bank, which sells the dollar through the auction that it conducts daily, which makes there a good offer of the dollar.” To cover the local market and the imports of merchants from abroad.
The local markets are witnessing a slight and gradual decrease in the exchange rate of the dollar against the Iraqi dinar, and one dollar recorded today, Tuesday, 147,650 Iraqi dinars. LINK
Al-Halbousi Meets The Heads Of The Integrity Commission And The Financial Supervision Bureau.. This Is What Happened Between Them
Political | 05:35 – 09/20/2022 Baghdad – Mawazine News On Tuesday, Parliament Speaker Muhammad al-Halbousi received the head of the Integrity Commission, Alaa al-Saadi, and the head of the Federal Financial Supervision Bureau, Rafel Yassin Khudair.
A statement by Al-Halbousi’s office, received by Mawazine News, stated that the meeting discussed the mechanism of work of the two regulatory institutions, reviewing their latest activities, and the role played by these institutions to combat administrative and financial corruption.
During the meeting, Al-Halbousi confirmed the Parliament’s support for the Integrity Commission and the Financial Supervision Bureau; In order for these institutions to achieve their goals, and to overcome the obstacles that negatively affect the performance of the tasks entrusted to them. Ended 29/R77
https://www.mawazin.net/Details.aspx?jimare=206001
Discussions Between Al-Halbousi And The Heads Of Integrity And Financial Control
Policy 2022-09-20 | 10:35 204 views Today, Tuesday, Parliament Speaker Muhammad Al-Halbousi discussed with the heads of the Integrity Commission and the Federal Financial Supervision Bureau, the mechanism of work of the two regulatory institutions, and their role in combating administrative and financial corruption.
Al-Halbousi’s office said in a statement received by Alsumaria News, that the latter “received the head of the Integrity Commission, Alaa Al-Saadi, and the head of the Federal Financial Supervision Bureau, Rafel Yassin Khudair; “.
Al-Halbousi affirmed, “The House of Representatives supported the Integrity Commission and the Financial Supervision Bureau, in order for these institutions to achieve their goals, and to overcome the obstacles that negatively affect the performance of the tasks assigned to them.” LINK
Document .. A Parliamentarian Files A Complaint Against The Iraqi Finance Minister
Shafaq News/ A member of the Parliamentary Integrity Committee Hadi Al-Salami submitted a complaint to the Iraqi Public Prosecution against the Minister of Finance and Agency Ihsan Abdul-Jabbar Ismail on charges of deliberate delay in releasing financial funds within the Emergency Food Security Support Law.
According to the complaint submitted by Al-Salami, and Shafak News Agency obtained a copy of it, “the Minister of Finance deliberately delayed releasing the financial funds for the ministries and governorates.”
The complaint notes that “this deliberate delay led to the failure to implement projects in the ministries and governorates.”
Al-Salami demanded the Public Prosecution Office to file a complaint against the Agency’s Minister of Finance “because of negligence, negligence and harm to the interests of the Iraqi people.”
In the absence of the approval of the 2022 budget, the Iraqi parliament passed the “Emergency Support for Food Security and Development” law, in a move that allows the government to spend on various priority projects with the aim of achieving food security and stability in the country.
The law’s expenditures were set at 25 trillion Iraqi dinars (about $17 billion). Last July, Prime Minister Mustafa Al-Kazemi directed all his government ministries to mobilize their efforts to implement the provisions of the Food Security Law.
At the beginning of last August, Planning Minister Khaled Battal Al-Najm cleared his ministry of responsibility for the provinces that were late in sending the projects required to be included in the emergency food security law approved by the Iraqi Parliament. LINK
SOMO: We Have Informed All International Companies Not To Buy Crude Oil From Kurdistan
Energy Economy News / Baghdad Today, Monday, the Oil Marketing Company “SOMO” announced that it had taken marketing measures and informed all international companies not to purchase crude oil from the Kurdistan region, while stressing that the regional government is obligated to implement the decision of the Federal Court .
The director of the company, Alaa Al-Yasiri, said in a statement to the Iraqi News Agency, “The Federal Court issued a decision stipulating the invalidity of all contracts concluded by the Kurdistan Regional Government regarding the extraction and export of crude oil .”
Al-Yasiri added, “The Ministry of Oil has begun to develop flexible mechanisms for the purpose of transferring the entire file to the federal government, but the matter was not welcomed by the regional government, which called the ministry to take legal measures,” noting that “the regional government is obligated to implement the court’s decision .”
He pointed out that “the Oil Marketing Company has taken marketing measures and all international companies have been informed not to purchase crude oil from the region,” noting that “the quantities exported from the region last year amounted to about 420,000 barrels per day, and this year, the exported quantities have decreased to about 355 thousand barrels per day .
He stressed, “The regional government sells oil at lower prices than the central government, and according to news published by Reuters, the region sells oil at discounts ranging from 16-20 dollars per barrel, despite the fact that the sale takes place in the same region and with the same quality of oil .”
231 views Added 09/19/2022 – 7:34 PM Update 09/20/20
https://economy-news.net/content.php?id=29782
Oil: Preparing An Integrated Study For The Rehabilitation Of Basra And Al-Amaya Ports
Reconstruction and building Economy News _ Baghdad The Director General of the Basra Oil Company, Khaled Hamza, revealed today, Tuesday, the preparation of an integrated study for the rehabilitation of the Basra and Al-Amaya ports.
Hamza said in a statement to the official television, “The Basra oil port is more than 50 years old, and if there were no maintenance works, this facility would have been out of service now and it is dilapidated, as it was exposed to three wars,” noting that “the issue of the oil spill that the port was exposed to. It has been processed, and there is no loss of oil or gas, and all production on that day was transferred to a large storage facility, and gas was secured at this stage.”
He pointed out that “the company has procedures to reduce these cases, and there is coordination with international companies,” noting that “the company has a full study to rehabilitate the structure of the port of Basra, as well as the port of Al-Amaya.”
37 . views Added 09/20/2022 – 2:27 PM Update 09/20/2022 – 5:43 PM
