Mon. AM TNT News Articles 6-7-21




The Central Bank sells the dollar at the official price for several categories

The Central Bank of Iraq announced, on Monday, that it provides facilities to citizens wishing to obtain foreign currency for the purposes of travel, study and treatment abroad, by selling it at the official price.  

And the bank said in a statement that “People” received a copy of it (June 7, 2021), that “for the purpose of facilitating the procedures for citizens to obtain foreign currency (dollars) for the purposes of travel, study and treatment abroad, the Central Bank of Iraq announces that all their requests to buy dollars for the above purposes will be met.” .  

He added, “The process is carried out by feeding electronic payment cards (MasterCard and Visa Card) at the official price set by the Central Bank of Iraq.”

Appearance of Saleh: The leverage resulting from oil revenues should be exploited

The financial advisor in the Cabinet, Dr. Mazhar Muhammad Salih, confirmed that Iraq is facing a critical development stage and a major crossroads to overcome the rentier economic life, pointing out that this requires rebalancing the contributions of real sectors to the gross domestic product immediately, while he suggested launching an initiative “Productive ownership” of agricultural and industrial land, provided that the matter depends on the actual production.

Saleh said in an interview with “Al-Sabah” that “the workforce occupied by the agricultural and industrial transformational sectors, regardless of ownership (whether governmental or private), takes about 37 percent of the Iraqi labor force, which currently stands at about 10 million people, including 2.5 million. Currently unemployed worker.




The government advisor pointed out that “the contribution of the aforementioned “agricultural and industrial” sectors to the (non-oil) GDP does not exceed 14 percent, which means that 86 percent of the activities are related to the service sector, which are services, most of which are weakly related to the real productive activities, especially the two basic sectors. Agricultural and industrial transformation.

Balanced development opportunity

Saleh believes, “Iraq has an opportunity in balanced development for the next ten years, which requires optimal investment leading to the exploitation of the financial leverage resulting from oil revenues in a way that leads to diversification of the real economy of Iraq, stressing the need to achieve this before the world penetrates too much into the fourth technological age, whether By using renewable energy or reducing the world’s carbon emissions under the Paris climate agreement, by diversifying the real economy.

Product Ownership Initiative

The financial advisor suggested launching the “productive ownership” initiative of agricultural and industrial land, provided that ownership is subject to mandatory production, as well as facilitating the transfer of ownership to new productive owners when needed, and according to legal frameworks that do not allow profit at the expense of land productivity, indicating that these The move will be the spark to launch the agricultural and industrial renaissance.

Creating economic partnerships

On the one hand, the researcher in economic affairs, Ali Karim Al-Difai, called for the need to create a partnership between the local and foreign private sectors, through twinning joint work by contracting with foreign private sector companies to provide his Iraqi counterpart with developments and ways to create new success opportunities that would reduce unemployment and provide product the local”.

Speaking to Al-Sabah, Al-Dafie urged the importance of achieving high rates of comprehensive economic growth, and pushing the government to achieve effective participation with the private sector in order to generate job opportunities on a large scale in many economic sectors, pointing out that the country now really needs economic growth. This necessitates the creation of a real partnership between the public and private sectors, in order to generate large-scale job opportunities in many economic sectors, which in turn push for diversification of economic activities and achieve sustainable development in the long term.   link




Talabani meets Al-Kazemi and asks him to adopt the latest agreement to solve the problems

On Sunday, in the capital, Baghdad, Bafel Talabani, the co-chair of the Patriotic Union of Kurdistan, met with the Federal Prime Minister Mustafa Al-Kazemi.

During the meeting, which was attended by a number of members of the Political Bureau and the leadership council of the Patriotic Union of Kurdistan, it was to confirm the commitment to the constitutional foundations to solve all outstanding problems between Baghdad and Erbil, to overcome the political, economic and security challenges and to find an appropriate mechanism for sending financial dues to the Kurdistan Region within the framework of The provisions of the budget law to provide and guarantee the salaries of the region’s employees

Bafel Talabani stressed the strengthening of relations and cooperation between the institutions of the federal government and the Kurdistan region to implement the government program in order to provide better services to citizens and bring about radical reforms in the state administration.

And the Prime Minister demanded not to link the financial dues to the Kurdistan region and the salaries of employees to political differences and that the last agreement between the region and the federal government be a reference to solve all problems.

During the meeting, Talabani also stressed the importance of consensus between the Iraqi political forces and parties in order to provide a decent life and prosperity for the people of Kurdistan and Iraq, who have suffered greatly as a result of successive crises.

He pointed out that the joint endeavor to reach this goal is a task that falls on the shoulders of all national forces.   link

Source: Dinar Recaps


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