Iraqi News Wednesday AM 2-16-22
Iraqi News Wednesday AM 2-16-22
TLM724 Administrator BondLady’s Corner
Al-Sadr tweets about the exchange rates of the dollar
Political | 01:17 - 16/02/2022 Baghdad - Mawazine News The leader of the Sadrist movement, Muqtada al-Sadr, called today, Wednesday, to punish anyone who tries to raise market prices, stressing the need to take into account the "poor class that hardly gets its daily strength."
https://www.mawazin.net/Details.aspx?jimare=184818
Al-Sadr Stresses That The Price Of Basic Commodities Will Not Rise, And Calls For Punishing Violators
Today, Wednesday, the leader of the Sadrist movement, Muqtada al-Sadr, called for punishing anyone who tries to raise market prices.
Al-Sadr said in a tweet, "After the rise in the exchange rates of the dollar ... and the benefits and harms that it contains, its rise should not be the rise in market prices, especially with regard to the important commodities that the people need in their daily life at all," noting that " It is necessary to work through economic security to punish all those who seek to do so from among the merchants and the like, and according to the law, especially when we are approaching the blessed month (the month of Ramadan), but absolutely and the government must deal with all violators firmly, no matter who the perpetrator is.”
He added, "The merchants should take into account the people, not their money, and not to deal with greed. They are responsible before God, the people, and before us as a whole," noting that "the most important thing is that the people live with dignity, pride and prosperity."
He stressed, "taking into account the poor class, which hardly gets its daily sustenance through the ration card and by not increasing the price of important basic commodities, especially vegetables, grains, construction prices, and the like."
And he continued, "And if there is a claimed benefit from the rise in the dollar exchange rates, it should not be at the expense of the people, the poor, the destitute and the needy, otherwise this will inevitably be unfair." https://www.radionawa.com/all-detail.aspx?jimare=28052
Dollar Exchange Rates In Local Markets Today
Market Economy News _ Baghdad Today, Wednesday, the dollar exchange rates witnessed stability in the local markets. And the selling prices of the dollar were 148000 dinars per 100 dollars, while the purchase prices of the dollar were 147,750 dinars per 100 dollars.
And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, while the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar. Views 184 Date Added 02/16/2022 https://economy-news.net/content.php?id=27208
After Parliament Directed To Send It... A Statement From Al-Kazemi's Advisor Regarding The 2022 Budget
Posted On2022-02-16 By Sotaliraq Today, Wednesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that disrupting the sending of the 2022 budget does not serve the country's interest, while indicating that it is time to send it to Parliament.
Saleh told Al-Rabaa, "The financial authority represented by the Ministry of Finance and one of its most important duties is to prepare a draft annual federal budget law according to pre-defined constitutional timings determined by the constitution and the Financial Management Law."
He added that "the draft budget law is almost complete and prepared to be sent to the legislation, but what happened is that the legislative authority was transferred on 10/10 before the date of its sending, and the executive authority was in a business situation and there was a constitutional impediment in sending the budget."
He pointed out that “after the election of the legislative authority with the presence of an executive authority and despite the high controversy, it is possible for the executive authority to send the draft law to Parliament for deliberation and discussion to inform the Iraqi people of the state’s vision in any direction because the budget is an annual plan that expresses growth rates, distribution and stability for an entire year. “.
And Saleh continued, "We have entered the second month of the year, and I think it is time to send the budget to Parliament, because the disruption in a country like Iraq does not serve the interest of the economic situation in it. The legislative track of the budget should at least send the budget for discussion.”
He pointed out that “a country without a budget is working on the applications of the financial management law for last year’s expenses, as if there was no change in it, and this is what is called the minimum budgets or the minimum law because the country from year to year witnesses great growth and developments, so it is necessary to send the general budget law for the current year.” to Parliament.
And earlier, the Speaker of Parliament, Muhammad Al-Halbousi, directed the secretariat of the Council of Ministers to send the 2022 budget. LINK
The Central Bank: We Have Made Important Strides In Increasing Electronic Payment Tools
Economie| 01:48 - 16/02/2022 Baghdad - Mawazine News The Central Bank announced, on Wednesday, that significant strides have been made in increasing electronic payment tools and transforming the Iraqi society into a digital one and gradually leaving cash handling, while the Deputy Executive Director of the Association of Iraqi Private Banks Ahmed Al-Hashemi indicated the association's readiness for the success of the Central Bank's strategy to enhance The concept of financial inclusion.
A statement by the Association of Banks, received by Mawazine News, stated, "It organized an Iraqi-Jordanian banking forum in Baghdad," noting that "the forum was held in the presence of the Deputy Governor of the Central Bank, Ammar Hamad, and the Jordanian Minister of Digital Economy, Ahmed Al-Hanahida, and a number of Iraqi and Jordanian banks and payment companies."
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said, according to the statement, "This forum comes at a very important time, as the Central Bank has made important strides in increasing electronic payment tools and transforming Iraqi society into a digital society and gradually leaving cash dealing," explaining that "the Central Bank owns A strategy for implementing financial inclusion tools.
Khalaf added, "The Iraqi banking sector is in a growth stage, and it can cooperate with Jordanian electronic payment companies, which will positively reflect on the country's economy."
While the advisor of the Association of Banks, Samir Al-Nusairi, confirmed that "the Iraqi banking sector has the human and material capabilities to increase the use of electronic payment," noting that "there are many international companies such as MasterCard and Visa Card working in Iraq, and this facilitates the electronic payment process."
For her part, Director General of the Payments Department at the Central Bank, Doha Abdul Karim, explained that "the central bank has a strategy and is determined to implement and succeed, to move the country to the use of electronic payment tools," adding that "the banking sector has a clear vision of moving towards digital progress as well as finding solutions. to the problems we may encounter.
In turn, the Deputy Executive Director of the Association of Iraqi Private Banks, Ahmed Al-Hashemi, stated that "the Iraqi society is ready to shift towards using electronic payment tools, after settling employee salaries," noting that "the current trend is focused on merchants in order to publish points of sale."
He pointed out that " For his part, the Jordanian Minister of Digital Economy, Ahmed Al-Hanahadeh, said that "the Iraqi market is complementary to the Jordanian market, not competitors."
He pointed out that "financial inclusion in Jordan was able to achieve a qualitative leap, as it was 25% and now it has reached 60%," noting that "electronic payment operations through the collection of government bills in Jordan have reached 80%." https://www.mawazin.net/Details.aspx?jimare=184820
The Central Bank: The Iraqi Banking Sector Is In The Stage Of Growth
Today, Wednesday, the Central Bank announced that it has made significant strides in increasing electronic payment tools.
A statement by the Association of Banks stated, "It organized an Iraqi-Jordanian banking forum in Baghdad," noting that "the forum was held in the presence of the Deputy Governor of the Central Bank, Ammar Hamad, and the Jordanian Minister of Digital Economy Ahmed Al-Hanahadeh, and a number of Iraqi and Jordanian banks and payment companies."
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said, according to the statement, "This forum comes at a very important time, as the Central Bank has made important strides in increasing electronic payment tools and transforming Iraqi society into a digital one, and gradually leaving cash dealing," explaining that "the Central Bank has a strategy to implement financial inclusion tools.
He added that "the Iraqi banking sector is in the stage of growth, and it can cooperate with Jordanian electronic payment companies, which will reflect positively on the country's economy."
While the advisor of the Association of Banks, Samir Al-Nusairi, confirmed that "the Iraqi banking sector has the human and material capabilities to increase the use of electronic payment," noting that "there are many international companies such as MasterCard and Visa Card working in Iraq, and this facilitates the electronic payment process."
The Director General of the Payments Department at the Central Bank, Doha Abdul Karim, said, "The Central Bank has a strategy and is determined to implement it and succeed, to move the country to the use of electronic payment tools," adding that "the banking sector has a clear vision of moving towards digital progress as well as finding solutions to problems that may facing us."
And the Deputy Executive Director of the Association of Iraqi Private Banks, Ahmed Al-Hashemi, said, "The Iraqi society is ready to shift towards using electronic payment tools, after settling employee salaries," noting that "the current trend is focused on merchants in order to publish points of sale."
He pointed out that "the Association of Iraqi Private Banks is ready for the success of the Central Bank's strategy to enhance the concept of financial inclusion, through the electronic collection of various government bills, such as the issuance of passports, the national card, and others, which contributes to reducing the time for completing the transaction and reducing financial corruption."
For his part, Jordanian Minister of Digital Economy Ahmad Al-Hanahadeh said, "The delegation includes a number of Jordanian companies that intend to enter the Iraqi market and work within the banking and other economic sectors, given that the Iraqi market is very similar to the Jordanian market," noting that "the Iraqi market is complementary to the market." Jordan, not competitors.
He pointed out that "financial inclusion in Jordan was able to achieve a qualitative leap, as it was 25% and now it has reached 60%," noting that "electronic payment operations through the collection of government bills in Jordan have reached 80%." https://www.radionawa.com/all-detail.aspx?jimare=28054
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