Tishwash: Parliamentary economy puts three reasons to attract foreign companies
A member of the Parliamentary Economy and Trade Committee, Sardi Mihyawi, on Wednesday, pledged Iraq’s success in attracting foreign investment companies to the achievement of three reasons.
Mihyawi said in an interview with Al-Maalouma, “Iraq has not succeeded in attracting foreign investment companies to the country due to the deterioration of the security situation over the years, which makes the influx of these companies into the interior face difficulties despite their importance in reviving the national economy and creating projects that provide job opportunities for thousands of unemployed.” “.
He added, “Three steps are what achieve the goal of attracting foreign investment companies, the most important of which is providing a safe environment for them and creating positive marketing for available opportunities in various sectors, while ensuring a strategy that protects investors’ money.”
Mihyawy pointed out that “the recovery of investment means opening endless work fields and providing opportunities for armies of the unemployed, not to mention perpetuating the transfer of technological development and its expanding dimensions to several areas that are not limited to construction and trade, but projects that contribute to laying the foundations of important industries.” 25 link
Tishwash: The dollar crisis.. The governor of the central bank is required to be resolved within 48 hours
The exchange rates of the dollar in Iraq exceeded the barrier of 1530 dinars in the last transactions, while banks and exchange offices refrain from selling, following threats from the government of fines against violators of exchange instructions at the official rate.
The Finance Committee is preparing to write a report on the results of hosting the central bank governor after the new crisis in the currency market
The Finance Committee is awaiting answers from the Governor of the Central Bank, Ali Al-Alaq, about the measures that the bank will take to solve the new crisis, after a 5-hour hosting in the House of Representatives on Monday, July 24.
Committee member Mueen Al-Kadhimi told Ultra Iraq that “the meeting discussed the reasons for the rise in the exchange rate of the dollar again, as well as the US sanctions against 14 banks, and the suspension of their dealings in dollars,” noting that “the meeting also discussed the cessation of some commercial, residential and industrial central initiatives.”
According to Al-Kazemi, the committee formally demanded answers about “the measures that the bank will adopt to limit the rise of the dollar, control the banking sector and the currency trading file,” stressing that his committee “also demanded the Central Bank to clarify work controls and cooperate with electronic payment companies and smart cards.”
Al-Kazemi explains, “The central bank governor pledged to provide the necessary answers to all the committee’s inquiries within the next two days,” noting that “the committee will write its detailed report that will show the role of the central bank in the dollar crisis, and what is related to the banking sector in Iraq.
The Finance Committee is calling for more facilities within the framework of procedures for merchants to obtain dollars in the hope of alleviating the crisis, but the feasibility of these facilities remains in doubt, as the bulk of the central bank’s dollar sales go to the black market, through banks and exchange offices linked to political parties and armed groups.
Earlier, the Chairman of the Finance Committee criticized the central bank’s actions regarding the dollar, describing the bank’s actions as “insufficient.”
Atwan Al-Atwani said in a statement at dawn on Monday that the crisis of the exchange rate of the dollar against the dinar in Iraq is “as serious as terrorism,” stressing the need to “review” the Central Bank’s procedures to “maintain the stability of exchange rates and the market.”
He also called for “new measures to ensure market stability and control of dollar exchange rates.”
On the other hand, the governor of the Central Bank says that the bank is “ready to cooperate in order to get out of the crisis,” and confirms that the recent US sanctions followed the audit of bank transfers for the past year, “before the application of the electronic platform, and before the formation of the current government as well.”
Al-Alaq spoke at a government meeting on the dollar crisis, held under the chairmanship of Al-Kazemi, about “facilities that allow small merchants and importing individuals to finance their imports without the need to establish a company.”
Al-Alaq said that these facilities will be provided through government and private banks that have direct relations with correspondent banks. link
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Tishwash: “Away from America’s sanctions”… Iran reveals the details of the oil barter with Iraq
The Secretary-General of the Iranian-Iraqi Joint Chamber of Commerce confirmed that Iraq needs now more than ever to import electricity and gas from Iran, revealing the details of bartering goods for the exchange of crude oil and diesel.
Jahanbakhsh Sanjabi Shirazi said during an interview with the Labor Agency, ILNA, about the evaluation of the oil and gas barter program between Iran and Iran.Iraq: “Our country exports gas and electricity to Iraq And she has a lot of financial dues deposited in the banks of Baghdad, and I have looked America Initially in a 120-day waiver for this country so that Iraqis can settle money for Iranian energy imports through non-Iraqi banks.
The Iranian official stressed that since these dues have reached large numbers, the failure to settle them and Iran obtaining them will make it difficult to continue this export process.
He added: “I took it America Two measures recently, one of which imposed sanctions on 14 Iraqi banks and in some way prohibited the transfer of foreign currency remittances by these banks, at a time when a good part of our dues could be paid through these banks, while the other measure did not violate the issue of bartering oil for gas.
The Secretary General of the Joint Iranian-Iraqi Chamber of Commerce said thatIraqIt needs now more than ever to import electricity and gas from Iran, adding that given the problems of settling financial dues related to Iranian energy exports, we have proposed the option of bartering goods to exchange crude oil and diesel for Iranian gas.
Sanjabi Shirazi continued, saying: “All shipments of Iraqi oil and diesel are not subject to sanctions and are sold with an official certificate under the name Iraqi. Therefore, one of the most logical, acceptable and circulated solutions through which we can reduce American pressure and meet our financial dues as soon as possible is the barter option.”
He stressed that the Iraqis excluded the barter system from the group of relations that heads SOMO (the Iraqi oil marketing and sale company), because the agreed price was determined based on negotiations between the two parties in the hope that the prices would be according to the numbers approved by the barter, which means that Iran will suffer fewer losses. of the money withheld inIraqi Trade Bank(TBI).
The Secretary-General of the Joint Iranian-Iraqi Chamber of Commerce referred to the size of Iranian dues fromIraqAnd he said, “Our financial resources from foreign currencies in Iran amounted to about $10 billion, but this number is not necessarily stable. The revenues are from Iranian energy exports only, which are in a bank.”IraqIt ranges between 7-10 billion dollars.”
Yesterday, the US State Department spokesman confirmed thatSultanate of OmanIt expressed its willingness to receive part of Iran’s money deposited in Iraqi banks, stressing that the American administration believes that it is important to get these funds out of IraqIraq.
The American spokesman added that these funds will be kept in a fund or an account in the USSultanate of OmanBut they will then still be subject to the same restrictions as they were when the funds were held in V accountsIraq, which means that the funds can only be used for non-sanctionable activities such as humanitarian aid, and that all transactions need to be approved by the US Treasury Department in advance. link
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