Iraqi News Highlights Sunday Evening 8-13-23
Tlm724 Administrator Bondlady’s Corner
The House Of Representatives Calls On The Central Bank To Make A Greater Effort To Stabilize The Price Of The Dollar
Iraq Sunday, August 13, 2023 Baghdad / National News Center The Parliamentary Committee on Economy, Industry and Trade demanded today, Sunday, the Central Bank to make greater efforts to stabilize the exchange rate of the dollar.
And the media department of Parliament stated, in a statement received by the National News Center, that “the Committee on Economy, Industry and Trade, headed by Representative Ahmed Salim Al-Kinani, in the presence of members of the committee, today, Sunday, hosted Al-Alaq, Governor of the Central Bank, Ali Mohsen.”
And she continued, “The meeting discussed the issue of the dollar’s rise and the mechanisms used by the central bank to control the exchange rate, in addition to the issue of the central bank’s reserves of hard currency.”
The committee discussed, “the issue of the electronic platform for foreign remittances, stressing that the Parliamentary Economy Committee stands with the measures of the government and the central bank in fighting exchange rate speculators,” stressing “taking into account the international standards that the central bank operates in, which it cannot exceed.”
And she demanded, “The need to make a greater effort to stabilize the exchange rate and control outlets, currency speculators, and illegal trade.” https://nnciraq.com/221383/
Sudanese Advisor: The Financial Situation In The Country Indicates A High Degree Of Stability
Economy | 08/12/2023 Baghdad – Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, today, Saturday, ruled out a financial deficit during the current fiscal year 2023, and while he put forward two reasons, he confirmed that the financial situation in the country indicates a high degree of stability.
Saleh said, to the official agency, followed by Mawazine News, that “the federal general budget for the years 2023-2024-2025 has taken into account sufficient precaution for fluctuations in annual budget revenues, specifically oil revenues, as the fiscal policy adopted a hypothetical or precautionary deficit amounting to approximately 64 trillion dinars.” .
He added, “The federal general budget indicated at the same time in its law a clear precautionary detail for the sources of financing that deficit as well, as its financing sources will be when necessary from the surpluses of the internal financial market, by dealing with bonds and treasury transfers issued by the government and bought by the banking system and the public from their financial resources.” available in order to invest in those government securities and consider them excellent debt instruments.
And he continued, “Despite the foregoing, we do not expect a deficit during the current fiscal year for two reasons: the first is the existence of a financial surplus of about 23 trillion dinars, and the second is that the cycle of oil assets is trending upward, as the average barrel of Brent oil touches 85 dollars, which means that there is demand.” increasing global demand for oil.
And he added, “If the situation continues until the end of the current fiscal year, the country’s financial situation indicates a high degree of stability in a positive way, warning at the same time the importance of imposing financial discipline in managing the state’s public expenditures, as well as maximizing financial revenues according to the timing required to ensure their cash flows.” In a reassuring and proper manner, to ensure the country’s financial sustainability.” https://www.mawazin.net/Details.aspx?jimare=233139
Parliamentary Economy Hosts The Governor Of The Central Bank
Sunday 13 August 2023 17:34 | Economical Number of readings: 187
Baghdad / NINA /- The Parliamentary Economy, Industry and Trade Committee, headed by Ahmed Salim Al-Kinani, hosted today the Governor of the Central Bank, Ali Mohsen Al-Alaq.
The media department of Parliament said in a statement: “The hosting discussed the issue of the dollar’s rise and the mechanisms used by the central bank to control the exchange rate, in addition to the issue of the central bank’s reserves of hard currency.”
During the meeting, the committee also discussed the issue of the electronic platform for foreign remittances, stressing that “the Parliamentary Economy Committee stands with the measures of the government and the central bank in fighting speculators at the exchange rate.”
The committee stressed, “taking into account the international standards by which the Central Bank operates, which cannot be exceeded,” calling on it to “need to make a greater effort to stabilize the exchange rate and control outlets and speculators in currency and illegal trade.”/ End
https://ninanews.com/Website/News/Details?key=1070587
Al-Sudani Stresses The Need To Continue The Dialogue Between Baghdad And Washington To Organize The Relationship For The Post-ISIS Period
Political | 08/13/2023 Baghdad – Mawazine News Today, Sunday, the Prime Minister, Muhammad Shia’a Al-Sudani, stressed the need for continued dialogue between Baghdad and Washington to organize the relationship for the post-ISIS era.
A statement by the media office of the Prime Minister, of which Mawazine News received a copy, stated that “the prime minister received the Ambassador of the United States of America to Iraq, Alina Romanowski,” noting that “during the meeting, they discussed the overall Iraqi-American relations, and ways to enhance joint cooperation in the economic and development fields.” In light of the strategic framework agreement, and in a way that benefits the interests of the two friendly countries.
For her part, the US ambassador expressed “the US government’s keenness to continue cooperation and develop common interests with Iraq.”
And she praised “the last round of the strategic dialogue that took place in the American capital, Washington, between Iraq and the United States,” affirming “her country’s readiness to continue the constructive dialogue.” https://www.mawazin.net/Details.aspx?jimare=233175
Al-Halbousi And The US Ambassador Stress The Importance Of Supporting The Government In Implementing Its Program And Service Priorities
Political | 08/13/2023 Baghdad – Mawazine News Parliament Speaker Muhammad al-Halbousi discussed today, Sunday, with the US Ambassador to Iraq, Alina Romanowski, the importance of the results of the joint security cooperation dialogue between Iraq and the United States.
The media office of the Speaker of the House of Representatives said in a statement, “The Speaker of Parliament, Muhammad al-Halbousi, received the Ambassador of the United States of America to Iraq, Alina Romanowski,” pointing out that “the meeting discussed bilateral relations between the two countries, and the continuation of cooperation in various fields, as well as the importance of the results of the dialogue.” Joint security cooperation between Iraq and the United States.
He added, “The meeting discussed developments in the political situation in the country, the importance of supporting the government in implementing its program and its economic and service priorities, and a number of issues of common interest.” https://www.mawazin.net/Details.aspx?jimare=233186
A New Government Parliamentary Meeting For The Article 140 Committee
Sunday 13 August 2023 14:10 | political Number of readings: 287 Baghdad / NINA / The Special Parliamentary Committee for Article 140 held a new meeting today, Sunday, in the presence of the Head of the Governmental Committee for Article 140, Hadi Al-Amiri, to discuss the file of compensation and financial allocations from the Budget Law, and work to restore rights and disburse dues to those deported and affected by the policies of the defunct regime, and the demographic change that It affected the governorates of (Kirkuk – Diyala – Salah al-Din – Mosul) and a number of regions in the center and south of Iraq, and the need for continued coordination and cooperation between the governmental and parliamentary committees to address problems and obstacles and implement Article 140 of the constitution. / End 5 https://ninanews.com/Website/News/Details?Key=1070558
Total Central Bank Sales Of Foreign Currency For Today
Sunday 13 August 2023 11:43 | Economical Number of readings: 347 Baghdad / NINA / – The Central Bank announced, today, Sunday, its total sales of foreign currency through the electronic window.
Total transfers abroad (remittances and credits) amounted to 184,974,288 dollars, while cash sales amounted to 22,710,000 dollars, thus the total sales amounted to 207,684,288 dollars.
The Central Bank covered the price of cash sales and transfers at (1310) dinars per dollar, and documentary credits and international settlements of the electronic card at (1305) dinars per dollar./End 11 https://ninanews.com/Website/News/Details?key=1070517
Formation Of A Joint Committee Between Iraq And The United Nations To Follow Up On Achieving The Goals Of Sustainable Development
Money and business Economy News – Baghdad Today, Sunday, the Ministry of Planning announced the formation of a joint committee between Iraq and the United Nations to follow up work in the field of achieving sustainable development goals.
A statement by the ministry, received by “Al-Iqtisad News”, stated that “Deputy Prime Minister, Minister of Planning, Muhammad Ali Tamim, received the Deputy Special Representative of the Secretary-General of the United Nations in Iraq, Ghulam Ishaq Zai, and his accompanying delegation.”
The statement added, “The meeting witnessed a discussion of a number of issues related to joint cooperation between Iraq and United Nations organizations, especially with regard to preparing a joint action strategy for the next five years, transferring international support to Iraq towards development programs, and supporting the priorities of the Iraqi government, foremost among them Facing the effects of climate change, providing drinking water, achieving rural development, as well as discussing the file of the displaced, and government measures to fully address it.
“The two sides also discussed Iraq’s preparations to participate in the United Nations high-level political forum on sustainable development goals, which will be held in New York next September,” he added.
He pointed out, “The two parties agreed to form a joint committee to follow up work in the field of achieving sustainable development goals, and to hold an expanded workshop with the participation of Iraqi authorities, to discuss the general framework and details of the joint action strategy between Iraq and the United Nations.” Views 25 08/13/2023 – https://economy-news.net/content.php?id=35651
Iraq’s oil exports to America increased by more than 300,000 barrels per day
Energy Economy News – Baghdad Today, Sunday, the US Energy Information Administration announced that Iraq’s oil exports to America increased last week, reaching 305 thousand barrels per day.
The administration said in a table seen by “Al-Iqtisad News”, that “the average US imports of crude oil during the past week from eight major countries amounted to 5.810 million barrels per day, up by 35 million barrels per day from the previous week, which amounted to 5.775 million barrels per day.”
She added, “Iraq’s oil exports to America amounted to an average of 305,000 barrels per day last week, up by 70,000 barrels as a daily rate from the previous week, in which oil exports to America amounted to an average of 235,000 barrels per day.”
The administration also indicated that “most of America’s oil revenues during the past week came from Canada at an average of 3.466 million barrels per day, followed by Mexico at an average of 667 thousand barrels per day, and oil revenues from Saudi Arabia amounted to an average of 330 thousand barrels per day, and then Colombia at an average of 296 thousand barrels per day.” “.
According to the same administration, “the amount of US imports of crude oil from Brazil amounted to an average of 280,000 barrels per day, from Nigeria at a rate of 237,000 barrels per day, from Ecuador at an average of 142,000 barrels per day, and from Libya at a rate of 87,000 barrels per day, while it did not import any quantity.” from Russia”. 08/13/2023 https://economy-news.net/content.php?id=35634
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