Iraqi News Highlights Sunday Evening 7-16-23
Tlm724 Administrator Bondlady’s Corner
Deputy Governor Of The Central Bank: The Campaign To Support The Dinar Succeeded..And This Is The Evidence
Money and business Economy News – Baghdad On Sunday, the Deputy Governor of the Central Bank, Ammar Khalaf, announced the success of the campaign to support the dinar, and while confirming the application of controls that helped stabilize the exchange rate, he pointed out that there was no problem with the amount of foreign currency supply.
Khalaf told the official news agency, “The Central Bank has supported the stability of the exchange rate with a series of procedures, instructions and controls since the beginning of this year, which included a wide range of transactions to import goods and services by entering the electronic platform.”
He added, “This was a key point to include the largest possible number of merchants and individuals who are allowed to obtain foreign currency,” explaining that “accelerating procedures was an additional factor in improving confidence in the electronic platform.”
He continued, “There is no problem with supply, but rather with demand, as supply exists, and it is intended for the purpose of financing foreign trade through the Central Bank; therefore, I think it is a problem with demand,” explaining that “the Central Bank is trying to address problems to facilitate obtaining foreign currency to import goods.” Providing services to citizens and travelers for the purpose of treatment in hospitals abroad.
He pointed out that “the campaign to support the dinar succeeded, as evidenced by the fact that there are many goods and services that are now priced in dinars instead of dollars, especially electrical and electronic devices.”
And he continued, “Activating electronic payment in all sectors and shops takes some time, and there is a great demand and willingness by public sector companies as well as the private sector,” explaining that “there are great preparations and continuous meetings that the Central Bank holds with all concerned parties, as the current period is a phase.” Preparing arrangements for the purpose of starting electronic collection by public and private sector companies.
Views 71 Added 07/16/2023 https://economy-news.net/content.php?id=35171
The Central Bank Announces The Success Of The Campaign To Support The Dinar And Clarifies The Issue Of Obtaining The Dollar
Sunday 16 July 2023 19:41 | Economical Number of readings: 109 Baghdad / NINA / – Deputy Governor of the Central Bank, Ammar Khalaf, announced today, Sunday, the success of the campaign to support the dinar, and while confirming the application of controls that helped stabilize the exchange rate, he pointed out that there is no problem with the amount of foreign currency supply.
Khalaf said in a press statement, “The Central Bank has supported the stability of the exchange rate with a series of procedures, instructions and controls since the beginning of this year, which included a wide range of transactions to import goods and services by entering the electronic platform.”
He added, “This was a key point to include the largest possible number of merchants and individuals who are allowed to obtain foreign currency,” explaining that “accelerating procedures was an additional factor in improving confidence in the electronic platform.”
He continued, “There is no problem with supply, but rather with demand, as supply exists, and it is intended for the purpose of financing foreign trade through the Central Bank; therefore, I think it is a problem with demand,” explaining that “the Central Bank is trying to address problems to facilitate obtaining foreign currency to import goods.” Providing services to citizens and travelers for the purpose of treatment in hospitals abroad.
And he continued, “Activating electronic payment in all sectors and commercial stores takes some time, and there is a great demand and willingness by public sector companies as well as the private sector,” explaining that “there are great preparations and continuous meetings that the Central Bank holds with all concerned parties, as the current period is a phase.” Preparing arrangements for the purpose of starting electronic collection by public and private sector companies./ End 8
https://ninanews.com/Website/News/Details?key=1065231
The Investment Authority: Payment Of Dues For The Sale Of Housing Units In Dinars “Exclusively”
Money and business Economy News – Baghdad On Sunday, the Opinion Committee of the Investment Authority voted to oblige investment companies to deal with the official exchange rate and pay dues for the sale of housing units in dinars “exclusively.”
The Investment Authority said in a statement, “The head of the commission, Haider Muhammad Makiya, discussed, during his presidency of a meeting of the opinion commission, the cabinet’s decision regarding the commitment of investment companies to the dollar exchange rate according to the official price issued by the Central Bank and the payment of housing units’ dues in Iraqi dinars exclusively.”
Makiya directed “strengthening work mechanisms in the departments and sections of the authority, developing the pace of work in following up projects for companies in various governorates, and identifying problems and challenges facing investment work by adopting policies aimed at simplifying procedures and electronic dealings with transparency in investment agencies in all governorates.”
Makiya stressed, “Adherence to the Cabinet’s decision regarding the exchange rate of the dollar and according to the official price issued by the Central Bank, and the payment of dues for the sale of housing units in Iraqi dinars exclusively, and controlling the price of units in investment complexes and not allowing speculation and price manipulation, contrary to what was proven in the feasibility study of the project.”
The statement added, “The opinion board of the commission discussed a set of issues and voted in approval of the following:
– The commitment of the National Investment Commission to the data of Cabinet Resolution No. (23077) for the year 2023 to oblige investment companies to deal with the official exchange rate and pay dues for selling housing units exclusively in Iraqi dinars.
– The National Commission takes action against investors who violate the decision of the Council of Ministers and the amended provisions of Law No. (13) of 2006 and the regulations and instructions issued pursuant thereto by applying the provisions of Article No. (28) of the Investment Law and blacklisting them in accordance with Controls No. (1) of 2023 approved in this regard.
Considering the special amendments to Resolution (245) of 2019 related to organizing the investment process in Iraq.
And the statement continued, “The members of the opinion committee also discussed the interest of the investment commissions in the governorates in investors and discreet foreign and local companies that are looking for qualitative strategic opportunities to serve the country. The meeting reviewed the investment map for the year 2023 and the articles and paragraphs of the amended Investment Law No. (13) of 2006.” Views 19 07/16/2023 – https://economy-news.net/content.php?id=35169
Al-Alaq Directs The Trade Bank Of Iraq To Take Action To Achieve Market Stability And The Exchange Rate
Money and business Economy News – Baghdad Today, Sunday, the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, made a field visit to the Iraqi Trade Bank (TBI) and the Industrial Bank.
And the central bank media stated in a statement, that Al-Alaq “met on the sidelines of the visit with the advanced staff of the two banks, listening to the most prominent problems and challenges facing the two banks, directing the necessity of harmonizing banking plans and directives with the program and objectives of the government and the Central Bank of Iraq, stressing work to reform and develop the Iraqi banking sector.” .
Al-Alaq urged “the Iraqi Trade Bank (TBI) to open a permanent and advanced center for conducting commercial transfers to provide its services with speed and accuracy that contribute to the implementation of the largest number of such transfers at low wages, thus contributing to encouraging the entry of merchants into the external transfer system and achieving market stability and the exchange rate.”
Al-Alaq directed, “the two banks (the Iraqi Trade and Industrial Bank) to focus their credit and lending policy towards expanding and diversifying the productive base, and supporting the private sector with small and medium enterprise initiatives, because of this’s impact on economic growth and reducing unemployment among large groups of society.”
Al-Alaq stressed the need to improve the level of customer services and invest in modern financial technologies to develop banking services and attract the public to achieve financial inclusion and enhance capabilities to finance various economic activities.
Views 129 07/16/2023 – https://economy-news.net/content.php?id=35168
The Governor Of The Central Bank Stresses The Need To Improve The Level Of Customer Services And Invest In Modern Financial Technologies
Economy | 05:53 – 07/16/2023 Baghdad – Mawazine News The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, stressed today, Sunday, the need to raise the level of customer services and invest in modern financial technologies.
The central bank said in a statement, “The governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, conducted a field visit to the Trade Bank of Iraq (TBI) and the Industrial Bank, and met on the sidelines of the visit with the advanced staff of the two banks, listening to the most prominent problems and challenges facing the two banks.”
Al-Alaq directed, according to the statement, to “the necessity of harmonizing banking plans and directives with the program and objectives of the government and the Central Bank of Iraq,” stressing “work to reform and develop the Iraqi banking sector.”
He urged the Trade Bank of Iraq (TBI) on “the need to open a permanent and advanced center for conducting commercial transfers to provide its services with speed and accuracy that contribute to the implementation of the largest number of such transfers and at low wages, thus contributing to encouraging the entry of merchants into the external transfer system and achieving market stability and the exchange rate.”
The governor directed the two banks (the Iraqi Trade and Industrial Bank) to “focus their credit and lending policy towards expanding and diversifying the productive base, and supporting the private sector with initiatives of small and medium enterprises, due to its impact on economic growth and reducing unemployment among large segments of society,” stressing “the need to raise the level of Customer services and investing in modern financial technologies to develop banking services and attract the public to achieve financial inclusion and enhance capabilities to finance various economic activities. https://www.mawazin.net/Details.aspx?jimare=231446
The Governor Of The Central Bank Stresses The Need To Improve The Level Of Customer Services And Invest In Modern Financial Technologies
Economy | 07/16/2023 Baghdad – Mawazine News The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, stressed today, Sunday, the need to raise the level of customer services and invest in modern financial technologies.
The central bank said in a statement, “The governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, conducted a field visit to the Trade Bank of Iraq (TBI) and the Industrial Bank, and met on the sidelines of the visit with the advanced staff of the two banks, listening to the most prominent problems and challenges facing the two banks.”
Al-Alaq directed, according to the statement, to “the necessity of harmonizing banking plans and directives with the program and objectives of the government and the Central Bank of Iraq,” stressing “work to reform and develop the Iraqi banking sector.”
He urged the Trade Bank of Iraq (TBI) on “the need to open a permanent and advanced center for conducting commercial transfers to provide its services with speed and accuracy that contribute to the implementation of the largest number of such transfers and at low wages, thus contributing to encouraging the entry of merchants into the external transfer system and achieving market stability and the exchange rate.”
The governor directed the two banks (the Iraqi Trade and Industrial Bank) to “focus their credit and lending policy towards expanding and diversifying the productive base, and supporting the private sector with initiatives of small and medium enterprises, due to its impact on economic growth and reducing unemployment among large segments of society,” stressing “the need to raise the level of Customer services and investing in modern financial technologies to develop banking services and attract the public to achieve financial inclusion and enhance capabilities to finance various economic activities. https://www.mawazin.net/Details.aspx?jimare=231446
A Slight Increase In Iraq’s Oil Exports To America Last Week
Sunday 16 July 2023 10:25 | Economical Number of readings: 362 Baghdad / NINA / – The US Energy Information Administration announced today, Sunday, a slight increase in Iraq’s oil exports to America during the past week.
The administration said in its schedule, “The average US imports of crude oil during the past week from nine major countries amounted to 5.027 million barrels per day, down by 806 thousand barrels per day from the previous week, which amounted to 5.833 million barrels per day.”
She added that the rate of “Iraq’s oil exports to America amounted to 134,000 barrels per day last week, rising by 12,000 barrels as a daily rate from the previous week, in which it reached an average of 122,000 barrels per day.”
And the administration indicated that “most of America’s oil revenues during the past week came from Canada, followed by Mexico, Saudi Arabia, and then Nigeria.”
And according to the administration’s schedule, America continued to import crude oil from Colombia, Ecuador, Brazil, and Libya, while it did not import any quantity from Russia.”/ End 11
https://ninanews.com/Website/News/Details?key=1065127
The Rise In Dollar Prices In Baghdad With The Closing Of The Stock Market
Economy Sunday, July 16, Baghdad / The National News Center The exchange rates of the US dollar against the Iraqi dinar rose today, Sunday, on the main stock exchange in the capital, Baghdad.
The correspondent of the National News Center said, “The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded an exchange rate of 148,200 dinars, compared to 100 dollars, while the prices this morning were 147,900 dinars.”
He added, “The buying and selling prices rose in exchange shops in the local markets in Baghdad, where the selling price reached 148,500 dinars, while the purchase price reached 147,500 dinars for every 100 dollars.” https://nnciraq.com/216681/
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