Bond Lady’s Corner Iraqi News Monday AM/PM 5-10-21


Iraqi News Monday AM 5-10-21

TLM724 Administrator BondLady’s Corner

The World Bank: The White Paper Is Needed By Any Country That Is Going Through The Circumstances Of Iraq Now

Time: 05/09/2021 19:02:51 Read: 5,733 times   {Economist: Al Furat News} The regional representative of the World Bank in Baghdad, Ramzi Numan, said that the “white” reforms proposed by the Iraqi government are needed by any country going through similar conditions to the country now.

A statement of the Ministry of Labor and Social Affairs, a copy of which was received by Al Furat News Agency, stated that “The Undersecretary of the Ministry of Labor and Social Affairs Abeer Mahdi Chalabi held an expanded meeting with Numan and his accompanying delegation today, Sunday, to discuss ways of joint cooperation in the field of supporting the government reform program.”

The meeting was attended by members of the ministerial team formed to implement the Cabinet’s directives to start implementing the projects that fall under the responsibility of the Ministry of Labor within the government reforms program for the year 2021. Chalabi stressed “the importance of starting practical steps to implement real reforms away from the theoretical side, by giving time limits for procedures and mechanisms.

“Their implementation, and ensuring that the ministerial team submits monthly reports to the Supreme Committee for Reform, which includes all its activities in this field, as well as proposals that support reform steps and the most important obstacles and difficulties that can prevent this.”

Chalabi also called for “cooperation with civil society organizations and benefiting from their experiences, as well as the correct investment of international grants to support many segments of society, including the displaced, poor families and youth seeking work by relying on decent work according to what the labor market requires in terms of finding suitable job opportunities without accreditation.” Completely over the public sector. “


She indicated, “The importance of the reform plan to include returning vocational training centers from the governorates to the ministry, directed to establish a table that includes the number of centers, their needs and the requirements required to enhance their activities.”

For his part, the representative of the World Bank affirmed “the complete readiness to provide full support for all the reform steps of the ministry,” noting that “the reform paper includes proposals similar to the proposals of the International Monetary Fund, but it is recent in terms of compilation and formulation,” indicating that “any country is going through the circumstances it has passed Iraq at the present time needs such reforms, adding that the reforms paper will be feasible in the event that all parties concerned come together to implement them.   LINK

In Today’s Auction … The Central Bank’s Hard Currency Sales Are On The Rise

Economie| 01:41 – 10/05/2021  BAGHDAD – Mawazine News  The Central Bank of Iraq sales of hard currency recorded a new high of 184 million dollars, on Monday.

The sales of the Central Bank of Iraq, during its auction for the sale and purchase of foreign currencies today, increased by 6.36%, to reach 184 million and 427 thousand and 869 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar.

The purchases amounting to 136 million and 827 thousand and 869 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining amount of 47 million and 600 thousand dollars went in cash.

31 banks responded to requests to enhance assets abroad, 20 banks to fulfill cash requests, and 28 participating exchange companies.


The rise in oil prices and Brent is close to the barrier of $ 69 a barrel

Economie – 10/05/2021   Follow-up – Mawazine News:  Crude oil prices recorded, on Monday, a noticeable increase after a major cyber attack that caused the closure of important fuel supply pipelines in the United States.   Brent crude rose 57 cents, equivalent to 0.8 percent, to reach $ 68.85 a barrel.

U.S. West Texas Intermediate crude futures rose 51 cents, or 0.8 percent, to $ 65.41 a barrel. Ended

Today … A Slight Decline In The Exchange Rates Of The Dollar In The Local Market

Economie| 11:13 – 10/05/2021   BAGHDAD – Mawazine News  The exchange rates of the dollar recorded, on Monday, a slight decline in the main stock exchange and local markets in the capital, Baghdad.

The exchange rate of the dollar on the Al-Kifah Central Stock Exchange in Baghdad was 148,200 dinars, for each $ 100 bill.

The prices of buying and selling dollars in exchange offices and local markets in Baghdad have fallen, as the selling price reached 148,750 dinars, for each $ 100 bill, while the purchase prices reached 147,750 dinars per 100 dollar bill.   On Sunday, the Central Kifah Stock Exchange registered 148,500 dinars for each $ 100 bill.

Al-Attar Stresses The Need To Launch Direct Economic Support Packages

Economie| 11:55 – 10/05/2021   Baghdad – Mawazine News, a member of the Iraqi Economic Council, Ghadeer Al-Attar, called on the government to launch direct economic support packages.


Al-Attar said in a statement that Mawazine News received a copy of, that “there is an urgent need to hold an economic reconciliation between the Iraqi government and the private sector, in order to solve all problems and get rid of obstacles through the formation of a tripartite committee from the executive, legislative and private sectors.”

He added, “It is for that committee to study the defects and submit its recommendations to the Council of Ministers to take decisions regarding them.”

A member of the Economic Council indicated that “the committee should review draft economic laws and look into old legislation.”

An economist stresses the need to place low-performing government units under the commandments of the Ministry of Finance

Monday 10, May 2021 09:54 | Economical Views: 369  Baghdad / NINA / Economic expert Safwan Qusay stressed the need to place many low-performing government units under direct tutelage and to form specialized teams of professional cadres under the supervision of the Federal Office of Financial Supervision to advance them.

Qusay said in a statement to the Iraqi National News Agency / NINA / that: In order to advance the reality of many government units, it has become necessary to place many of them under direct tutelage and to form specialized teams of professional cadres under the supervision of the Federal Office of Financial Supervision to advance them through rehabilitation or through Solving it because reality indicates the reluctance of many government units to carry out their activities accurately, and we believe that this approach can be based on the criteria for evaluating government performance approved by the Iraqi parliament. “

He added, “Diagnosing the problem is not sufficient without solutions, including placing these units under the tutelage of the Ministry of Finance and assigning specialized professional teams to improve the performance of these units because continuing with the same cadres and departments will not lead to a solution.”

The economic expert affirmed, “The economic advancement now requires harsh government decisions that include referring all those who obstructed the government effort to the judiciary and recovering the money that was spent without achieving its purpose. ”

Source: Dinar Recaps

More Iraqi News Monday PM 5-10-21


TLM724 Administrator BondLady’s Corner

Al-Kazemi Reveals A Cabinet Reshuffle Soon And Announces An Important Security Agreement With The Region

Time: 05/09/2021 21:06:10 Read: 17,368 times   {Politics: Al Furat News} The Prime Minister, Mustafa Al-Kazemi, revealed, on Sunday, a cabinet reshuffle soon, while announcing an important security agreement with the Kurdistan region.

Al-Kazemi said, in an interview with a number of media, that “I worked with the Kurdish leaders to dismantle the misunderstanding between Baghdad and Erbil, and the relationship now in its golden age is due to the size of trust between the two parties, and we have disputed areas throughout Iraq that need a stable political situation, and we will address the crisis of the disputed areas.” On it, with a proposal that Baghdad will present to Erbil. “

He added, “A decision to withdraw from the elections was taken from the first moment, and there was no decision to enter the elections or participate in a party, and there was no decision to enter the elections or participate in a party.” In the upcoming elections. “

He pointed out that “some have tried to demonize the prime minister, but I have kept my promise to be neutral, and the government is serious about fighting the fugitive weapons.”

Al-Kazemi stressed, “Iraq’s need for investments and the private sector is the one who builds the state, and the Iraqi and Gulf investors must be protected and the appropriate environment must be provided.”

Regarding targeting the air bases, the Commander-in-Chief of the Armed Forces explained, “There are no American soldiers at Balad Air Force Base, and there are no American soldiers at the base, and some impose agendas on us according to their whims, and we will not allow the threat of Iraqi security.”

It is not possible to forfeit the security of the Iraqis, and there are no American forces in Iraq, and talking about their presence is a lie, and it is illogical to accept the threat of armed operations in neighboring countries, pointing out, “Targeting a base in a country whose goal is not the Americans, and the political blocs should bear the responsibility.

” From turning it into an arena for the meeting of the adversaries, and Iraq is trying to restore its international reputation and it must coordinate with the rest of the countries, and restoring the prestige of the state is not represented by the spread of weapons only.


”And Al-Kazemi,“ We are working on arranging our relations with Washington through strategic dialogue, and we started with three stages in the strategic dialogue with the states. The United States resulted in the reduction of foreign forces and the exit of more than 60% of the American forces, and Washington clearly announced the end of any American role in Iraq. “

Commenting on the achievements of the Anti-Corruption Committee, Al-Kazemi said, “The committee did not target any political party and overthrew large heads despite all the circumstances, and more than 400 money laundering files were seized, tens of corrupt people and hundreds of corruption files,” adding, “Sectarianism, corruption and the search for power produced a weak state, but we succeeded in providing To protect the economic situation, we need to re-centralize the decision on the work of the security services. “

He noted that “some attempt to exaggerate the enemy’s actions to undermine the performance of the government,” adding, “We have committed to our pledges to the demonstrators and are waiting for the investigations to end and we will announce their results in the event that the investigation is completed, and some of the perpetrators accused of killing the demonstrators have been arrested.”

Regarding preparing for early elections on October 10, the prime minister announced, “

And he continued, “Iraq was on the verge of chaos and a real civil war, and there are no services and the dignity of the Iraqi humiliating in the country, and after Eid Al-Fitr we will reach a solution to a number of problems facing the country,” stressing “the need to restore the Kurdistan Democratic Party to its headquarters in Kirkuk and we will not allow the presence of militants and open their headquarters In the province. “

“I am not satisfied with the performance of the ministers, but we are now in the stage of change, and we will look for a good health minister from the mercy of the ministry, and I hope from the blocs not to object to the candidates, and that there are interests related to corruption and favoritism trying to undermine the government and Iraq must get the best,” Al-Kazemi declared.

The Prime Minister concluded his meeting, “I was subjected to great injustice and serious accusations, but we overlooked them. Iraq deserves the sacrifice of everyone, and the control of the Sadrist movement over the government is not real, and I am the one who brought the Minister of Health and the Governor of the Central Bank.”   LINK

Al-Rafidain Announces Raising The Interest Of Saving Accounts For Depositors Of Their Money

Time: 05/10/2021 13:37:34 Read: 3,081 times   {Economical: Al Furat News} Al-Rafidain Bank announced that the interest rate for citizens’ saving accounts will be raised to 4.5 percent

The bank’s media office said in a statement that Al Furat News received a copy of, that “based on the bank’s policy aimed at maximizing revenues in order to attract cash and encourage customers to save their money instead of hoarding it at home, the bank decided to increase the interest rate on savings accounts to 4.5 percent”.


The bank called on “citizens to deposit their money in the bank and benefit from that service provided to them.”    LINK

Iraq’s Debts Are Reaching Critical Stages, And Parliamentary Warnings Against The Continuation Of The Borrowing Policy

Pratha News Agency112 2021-05-10   Some conversations about the existence of a need to borrow to cover the deficit in the federal budget in order to cover the comprehensive obligations in it have raised reactions that are politically and locally rejected, while a parliamentarian asserted that foreign loans would restrict the country’s sovereign decision, a matter that we will never allow.

The methodology adopted by the current government and the successive governments in general is a methodology that does not serve the interest of the Iraqi state and will reach a dead end.

MP Jamal Fakher, indicated that the House of Representatives will not completely approve any request that the government may send in the future for external borrowing.

Fakher said in an interview with Alsumaria News, “The House of Representatives and during the 2019 budget completely banned external loans, and only domestic loans were kept at that time.” “.

Fakher added, “Foreign loans will restrict the country’s sovereign decision, not to mention that it will be a door to the bankruptcy of the state treasury as a result of the accumulation of those debts and their interest to a stage at which the country may not be able to repay them.” This increases the risk of these loans and their future consequences for the country’s sovereignty. “

He pointed out that “global oil prices began to rise gradually and approached the barrier of seventy dollars per barrel, in addition to the return of recovery and movement of the industrial, agricultural and commercial sectors after the recession that they were exposed to due to the Corona pandemic and the economic crisis, which gives an additional impetus to the state treasury and makes it independent of borrowing.” ,

Stressing that “Iraq does not need any additional external debts today, and in the event that the government sends any law or request for external borrowing, the request will be totally rejected, and the government must go today to options to pay part of the external debt to reduce it rather than increase it on the shoulders of future generations.”

Member of the National Approach Parliamentary Bloc, MP Hussein Al-Aqabi, confirmed that there are a number of problems that, if addressed, the need for external or internal borrowing will be eliminated.


Al-Aqabi said in an interview with Alsumaria News, “The methodology that the current government and the successive governments are adopting in general is a methodology that is not in the interest of the Iraqi state and will reach a dead end,” indicating that “the volume of revenues is absolutely not proportional to the size of the actual need of the state, given that The sums spent on salaries only amount to 70 trillion dinars, not to mention that the loans and their benefits externally and internally in addition to the profits of all licensing rounds companies reach 30 trillion dinars, which means that the state treasury spends annually 100 trillion dinars without positive results or economic development.

Al-Uqabi added, “The general policy of the state is unfair and does not serve the interest of the citizen, and the parties holding the authority are not realistically keen to perform the duties and responsibilities it has in relation to addressing the causes of borrowing.”

He pointed out that “the real treatment that we must proceed with, even if there are strict and cruel measures in it, is through combating corruption in all its forms, whether by exaggerating contracts or government extravagance and others, in addition to maximizing the state’s non-oil revenues, given that licensing rounds harm the country.

There is a need to review contracts in the telecommunications sector and address the issue of tax and tax evasion at the level of companies and merchants, not just individuals, which amount to hundreds of billions of years ago, which have not been paid.

He continued, “Addressing these problems will be the gateway to address the issue of external or internal borrowing, through the state’s investment of all its revenues and creating a good financial space for it to be indispensable for borrowing,” stressing that “the absence of plans for comprehensive development and failure to develop the economy and preserve the state’s capabilities and not stop waste.” All wealth has issues that hindered the issue of solving the borrowing problem. “

Deputy for the Al-Fateh Alliance, Uday Shaalan Abu El-Jon, confirmed that foreign loans are an essential tool to control the political and sovereign decision in any country, and it is a method through which developed countries work to control other countries.

Abu Al-Jun said in an interview with Alsumaria News, “Iraq no longer needs any external loans. On the contrary, the government must take advantage of imposing the current price of a barrel for what has been determined within the budget to pay off some of the debts due and which have serious benefits for the country and future generations.” Noting that “foreign loans is something that has become a thing of the past, and we will not allow it to be repeated, whatever the circumstances.”

Abu Al-Joun added, “The government can take advantage of the global economic improvement and the revival of trade and agriculture in order to revitalize the investment sector and the private sector, and provide job opportunities that make us reach advanced stages that can be used to achieve self-sufficiency and go to support the state treasury with additional resources through which the country can pay its debts.” And the absence of the need for loans, whether internal or external. ”

Parliamentary Committee Warns Of The Collapse Of The Electrical System In The Country

Pratha News Agency129 2021-05-10  The Parliamentary Oil, Energy and Natural Resources Committee warned Monday of the negative repercussions of the low levels of the Tigris and Euphrates rivers and their impact on providing drinking water, agriculture and operating electrical stations.


Committee member MP Sadiq Al-Sulaiti said in press statements, “The water imports from some tributaries to the Darbandikhan Dam have reached zero, and the lower Zab imports have decreased by 70 percent, which will negatively affect the country’s need for drinking water and irrigating agricultural lands, with the high salt tongue in the Basra province”.

He added that “the decrease in water imports has a negative impact on the reality of electric power, as the steam stations depend on high levels of river water as a result of their use of open cooling systems that consume large quantities of water, in addition to an expected decrease in the electrical energy produced from the hydroelectric stations.”

He called on the government, the Ministerial Council for Energy and the relevant ministries to “expedite the development of two plans; The first is quick and the other is long-term, to put in place real solutions and adapt to the reality of low water levels, because the crisis will repeat in the coming years in light of high growth due to the establishment of dams by neighboring countries at the sources and tributaries of rivers, as well as the increase in water consumption and the need to raise agricultural production, accompanied by it. High demand for electric power.

Issue (4629) Was Issued From The Iraqi Newspaper Al-Waqi’a Issued On 5/3/2021

1- Republican Decree No. (17) for the year 2021 appointing the President, Vice President, and the original and attending judges of the Federal Supreme Court.

2- Republic Decree No. (20) for the year 2021 appointing Judge Hamid Nuri Bedaiwi to the position of President of the Court of Appeal.

3- Decisions issued by the Committee for Freezing Terrorist Funds, numbered (6), (7), (Cool, (10) and (11) for the year 2021.

4- Instructions for the formation of the main and subsidiary committees, their tasks and the evaluation of documents in the Ministry of Planning No. (1) for the year 2021.

5- A statement issued by the Ministry of Culture, Tourism and Antiquities No. (3) for the year 2021.

Those wishing to acquire the Iraqi factsheet can review the Iraqi investigation department located in Salhiya / Haifa Street (Ministry of Justice building), and obtain the required number.

To read more current and reliable Iraqi news please visit BondLady’s Corner:

Source: Dinar Recaps


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