Iraqi News Early Thursday Afternoon 2-24-22
Iraqi News Early Thursday Afternoon 2-24-22
TLM724 Administrator BondLady’s Corner
Al-Kazemi's Advisor Talks About The Most Prominent Positive Effects After Iraq's Exit From Chapter VII
Today, Wednesday, Adviser to the Prime Minister, Mazhar Muhammad Salih, indicated that this will expand regional economic cooperation.
Salih told the Iraqi News Agency, "The return of Iraq to the international community, free from the restrictions imposed by Chapter VII of the Charter of the United Nations since 1990, is an important victory for the Iraqi people and for Iraqi diplomacy," noting that "this will enable the Iraqi state to deal with the world without Harsh restrictions and restrictions that spanned more than 30 years."
He added that "Iraq, the government and the people, is today the foundation of freedom and peace in the region and the world," noting that "the new openness of the world to Iraq and the lifting of all restrictions represents a technological and scientific progress that our country will witness while it is free of obstacles and high costs imposed on it in the movement of its economy with the world." .
He added, "This will open the international business environment to Iraq in a country that has become free of the cost of political and other risks," noting that "Iraq is looking forward to developing bilateral economic relations and opening them up to the State of Kuwait and all countries in the region."
He stressed that "regional economic cooperation will take a wide range in promoting positive economic interactions, especially expanding investment opportunities and joint cooperation for the happiness of the Iraqi people and all the peoples of the region."
Earlier, the UN Security Council issued Resolution No. (2621) on February 22, 2022, which confirmed Iraq's fulfillment of all its international obligations under Chapter VII, and resulted in its exit from Chapter VII with immediate effect, and the closure of the Compensation Committee and Fund at the end of this year.
https://www.radionawa.com/all-detail.aspx?jimare=28194
Al-Zamili: The Rise In The Exchange Rate Did Not Benefit The State / Expanded
Wednesday 23 February 2022 Economic Number of readings: 264 Baghdad / NINA / - The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, announced today, Wednesday, that more than 100 deputies signed to host the Minister of Finance, while noting that the high exchange rate did not benefit the state.
Al-Zamili said in a press conference, "Finance Minister Ali Allawi shied away from legal responsibility and legitimacy, and made false pretexts for not attending the House of Representatives."
He added, "The question to be directed to the Minister of Finance, about the reasons for the exchange rate in return for the increase in the prices of foodstuffs and commodities, and the harm of a large segment of the poor, people with special needs and people with limited income."
Al-Zamili stressed, “The Ministry of Finance is to find solutions and treatments for the ration card, increase vocabulary in it, social welfare salaries, and more inclusion for the poor and people with limited income, in addition to the need to support the Ministry of Health to provide treatments to patients,” noting that “the wrong financial policy of the current minister, burdened Iraq with debts as It doubled during 2020 and reached 40 trillion dinars, and Iraq borrowed about 27 trillion dinars in the same year, as the debt rose by 67% within one year.
He explained, "Changing the exchange rate is a matter of the Central Bank, and changing it by the Minister of Finance interferes with monetary policy," noting that "there is great corruption in the tax, customs and other departments of the ministry, and he was supposed to collect money from these to maximize revenues."
He pointed out that "the state did not benefit from these revenues, but went to the pockets of the spoilers, and a high percentage of the currency auction was acquired from some banks, so it is necessary to inquire about the issue of forged invoices, currency smuggling and everything related to monetary policy," noting that "a committee was formed under our leadership." And a number of members of the House of Representatives, who are specialized in fact-finding and scrutiny of all of the above.
He continued, "According to Article 61 of the Constitution, Article 27 Tenth, Article 30 First of the Parliament Law, and Article 30, reform must proceed to combat corruption." / End 8
https://ninanews.com/Website/News/Details?key=958609
Relative Stability Of The Dollar Exchange Rates In The Local Markets
Economie| 10:54 - 24/02/2022 Baghdad - Mawazine News The dollar exchange rates witnessed, on Thursday, relative stability in the main stock exchange and local markets in the capital, Baghdad.
And the dollar exchange rate has stabilized on the Central Kifah Stock Exchange in Baghdad, today, recording 146,100 dinars, for each $100 bill.
The prices of buying and selling the dollar decreased in banking companies and local markets in Baghdad, where the selling price reached 147,000 dinars, for each denomination of 100 dollars, while the purchase prices amounted to 145,000 dinars, for each paper denominations of 100 dollars. Ended 29/A 4
https://www.mawazin.net/Details.aspx?jimare=185578
Minister Of Finance: The White Paper Plan And Its Projects Represent The Main Pillar Of Economic Reform In Iraq
political| 01:15 - 24/02/2022 Baghdad - Mawazine News, Minister of Finance, Ali Abdul Amir Allawi, considered today, Thursday, that the white paper represents a "road map for implementing reform."
The media office of the Ministry of Finance stated, in a statement received by Mawazine News, that "the Minister of Finance chaired a meeting that included the undersecretaries of the various ministries in charge of the White Paper projects, in addition to the reform cell team charged with following up on the implementation of those projects."
Allawi said, according to the statement, that "the white paper plan and its projects represent the main pillar of economic reform in Iraq, as although it primarily targets government performance, its effects extend to the entire economy."
He added, "The white paper is a vision presented by the current government and started to implement it, and it represents a road map for implementing reform for future governments because of these projects of a purely professional economic nature, and there must be a clear will and vision to implement them," pointing out "the need to show sufficient professional flexibility to accomplish these goals." Projects in coordination between the various ministries involved in implementation.
The statement continued, "The meeting witnessed the review of the electronic program for measuring, evaluating and progressing performance for the levels of implementation of various projects, six months after the launch of implementation, as the international support provided to Iraq for the implementation of these projects and the need for coordination between the various ministries, the reform cell and the international parties providing that support were discussed." https://www.mawazin.net/Details.aspx?jimare=185590
The Price Of A Barrel Of Oil Exceeds $100 For The First Time Since 2014
Economie| 08:33 - 24/02/2022 Follow-up - Mawazine News: Oil prices rose, Thursday, in light of the escalation of the Ukrainian crisis, and the “Brent” barrel rose above the level of 101 dollars, for the first time since September 2014.
By 07:45 Baghdad time, the futures contracts for US light crude “West Texas Intermediate” rose The median” increased by 4.48% to $96.23 per barrel.
Brent crude futures rose 4.53% to $101.23 a barrel, according to Bloomberg website data.
The rise comes in light of the impact on oil supplies, especially from Russia, one of the world's leading crude producers, in light of the escalation of the Ukrainian crisis. https://www.mawazin.net/Details.aspx?jimare=185559
Oil Announces Its Revenues For A Full Year
Economie| 05:16 - 24/02/2022 Baghdad - Mawazine News The Ministry of Oil announced, on Thursday, the total quantities and revenues generated for crude oil exports for the period from January 2021 until the end of January 2022.
The ministry confirmed, in a statement received by Mawazine News, a copy of it, that the total oil exports and revenues generated for the month of last January, amounted to The total amount of crude oil exports is (99) million (286) thousand and (78) barrels, with revenues amounting to (Cool billion (322) million and (679) thousand dollars. According to the final statistics issued by the Iraqi Oil Marketing Company (SOMO).
The statistics indicated that the total quantities of crude oil exported for the month of last January from oil fields in central and southern Iraq amounted to (96) million (430) thousand and (596) barrels, while the quantities exported of Kirkuk oil through the port of Ceyhan were (2) million. and (545) thousand and (656) barrels, and the average price per barrel amounted to (83,825) dollars.
He pointed out that the exported quantities were loaded by (29) international companies of different nationalities, from the ports of Basra, Khor Al-Amaya, the mono-buoys on the Gulf and the Turkish port of Ceyhan. Ended 29/R77 https://www.mawazin.net/Details.aspx?jimare=185609
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