Bond Lady’s Corner Iraqi News Wednesday AM/PM 6-16-21

247

Iraqi News Wednesday AM 6-16-21

TLM724 Administrator Bond Lady’s Corner

Parliamentary Economy sends an “urgent” call to the government regarding the price of the dollar and border crossings

Economy  Wednesday 16 June 2021 | 01:23 PM| Number of readings: 162  On Wednesday, the Investment and Economy Committee in the House of Representatives sent an urgent call to the central government regarding the dollar exchange rate and the country’s border crossings .

Committee member Nada Shaker said that its committee “demanded the government to direct the Ministry of Finance and the Central Bank to address the error of raising the price of the dollar against the Iraqi dinar, in which only the Iraqi citizen was harmed .”

She added, “The decision to raise the exchange rate of the dollar contributed to the recovery of many banks and agencies affiliated with influential personalities with millions of dollars, and therefore the government must put an end to this catastrophic failure .”

And she indicated that “the pretext for this decision was to prevent currency smuggling, while the currency auction is still not controlled so far, as well as to protect the local product, but the border crossings are still open to foreign goods and merchandise .    https://aynaliraqnews.com/index.php?aa=news&id22=148654

In One Day, More Than 2.7 Billion Dinars Were Achieved By The Northern Umm Qasr Port

Time: 06/16/2021 14:29:26 Reading: 845 times   {Economic: Al Furat News} The Border Ports Authority announced, on Wednesday, that the northern port of Umm Qasr port achieved a revenue of more than two billion seven hundred million Iraqi dinars within one day.

The authority said in a statement, which {Euphrates News} received a copy of, that “the northern port of Umm Qasr in Basra, achieved a revenue of more than two billion and seven hundred Iraqi dinars in one day.”

And she added, according to the statement, that “this came as a result of oversight, auditing and control provisions for the purpose of maximizing government revenues,” noting that “the total revenue generated in this port came from (customs revenue, tax, land transport and agricultural quarantine) on June 15, 2021.” LINK

For The Second Time Today, The Dollar Exchange Rates Fell In The Local Markets

Economie| 02:00 – 06/16/2021   Special – Mawazine News The dollar exchange rates continued to decline for the second time, today, Wednesday, in the local markets and the main stock exchange in the capital, Baghdad.

And the correspondent of / Mawazine News / in Baghdad stated, “The dollar exchange rates, on the Central Kifah Stock Exchange, witnessed a remarkable decline for the second time today, as it recorded 148,750 dinars, for each $100 bill.”

And our correspondent added, “The prices of buying and selling the dollar also recorded a decline in the banking offices and local markets in Baghdad, where the selling price reached 149250 dinars, for each denomination of 100 dollars, while the purchase price reached 148250 dinars, for each paper denominations of 100 dollars. End 29 / p4    https://www.mawazin.net/Details.aspx?jimare=157213

Al-Haddad Discusses With The US Ambassador Ways To Strengthen Bilateral Relations Between The Two Countries, And Efforts To Prepare The Atmosphere For Holding Early Elections

06/16/2021   The Deputy Speaker of the Iraqi Parliament, Dr. Bashir Khalil Al-Haddad, received today, Wednesday, 06/16/2021, at his residence in Baghdad, the American Ambassador, Mr. Matthew Tueller. During the meeting, which was attended by the Director-General of the Office of the Deputy Speaker of Parliament, Mr. Hoshyar Ghafouri, a number of topics and issues of common interest were discussed. Foremost among them are the means to strengthen bilateral relations between the two countries to serve common interests and ensure stability throughout the country and efforts to create the atmosphere for holding early parliamentary elections on October 10 of this year.

The two sides reviewed the overall political and security developments on the Iraqi arena and current events in the region, as well as discussing the economic aspect, investment opportunities, the course of negotiations and dialogues between the federal government and the Kurdistan Regional Government, and reaching common understandings with a national vision. Al-Haddad stressed the importance of continued coordination and cooperation between Washington and Baghdad within the framework of Mutual respect and common interests of the two countries, and respect for national sovereignty.

Media Office of the Deputy Speaker of the Iraqi Council of Representatives  Wed, June 16, 2021 LINK

In Conjunction With Talk About Flotation .. A Significant Decrease In The Exchange Rates Of The Dollar In Iraq

political| 04:35 – 06/16/2021  Baghdad – Mawazine News, the dollar exchange rates fell in the Iraqi local markets, this afternoon, Wednesday, in conjunction with a government move to float the exchange rate.

The main stock exchange and local markets in Baghdad were as follows:

The price of the Kifah Stock Exchange is 148300. The prices of buying and selling dollars in exchange offices, selling 149,000 thousand dinars, buying 148,000 thousand dinars for each 100-dollar paper

This comes as a member of the Parliamentary Finance Committee revealed a government move to float the dollar in the Iraqi local markets.

Al-Shabki said, “The government decided to grant the dollar at the official price to people who go to treatment or to students studying outside Iraq, i.e. at an amount of 145,000 per 100 dollars.”

He added, “This step will work to get the dollar out of the company owners directly to the citizen,” stressing that “the Central Bank’s move to float the dollar and sell it to some groups at the official price will contribute to reducing its price and prevent merchants and bank owners from manipulating it.” Ended 29 / https://www.mawazin.net/Details.aspx?jimare=157242

Issue (4636) Of The Iraqi Gazette Was Issued On 6/14/2021

2021-06-16 04:11:00   A correction statement issued by the Presidency of the Office of the Presidency of the Republic regarding the Federal General Budget Law of the Republic of Iraq No. 23 of 2021.

Those wishing to acquire a copy of the Iraqi facts can refer to the Iraqi facts department located in Salhiya / Haifa Street (Ministry of Justice Building), and obtain the required number .

https://www.moj.gov.iq/view.5710/

Source: Dinar Recaps


More Iraqi News Wednesday PM 6-16-21

TLM724 Administrator Bond Lady’s Corner

Measures To Raise Iraq’s Assessment In The Field Of Combating Money Laundering

Author: AhadNA3 On 6/16/2021 – 8:41 AM 54

The anti-money laundering and terrorist financing office at the central bank of iraq revealed executive measures to raise the level of iraq’s assessment in the field of combating money laundering and terrorist financing.

An official source in the office stated, “The office has taken technical steps by the anti-money laundering and terrorist financing system by completing the coverage of the work plan developed by the International Cooperation Review Group (ICRG) of the Financial Action Team (FATF) by the Iraqi authorities. Starting the national risk assessment process, which is part of the update process every two years.”

And he indicated, “In light of this, the Anti-Money Laundering and Terrorist Financing Office has taken a number of measures to move forward with the national risk assessment, such as the formation of several teams concerned with the national risk assessment process, and through direct coordination with the World Bank, which adopted the technical assistance process on this subject.”

The first stage, which is the induction stage and the explanation of the concepts of the process for the sub-groups that have been identified, has been completed, each according to the sector to which it belongs.

The source confirmed, “Within this framework, a member from each sector was chosen to be responsible for filling in the tables prepared by the World Bank, in addition, there is continuous coordination between the assessment team and the World Bank regarding providing continuous support in terms of collecting and analyzing statistics and data to determine the level of risks and threats.” and weaknesses.”

He expected that “the World Bank will hold a three-day workshop with all concerned parties to show how to write the final report in a practical way, to be proactive measures for this process, such as issuing instructions and adopting new executive procedures, as the immediate treatment will raise the level of assessment of the Republic of Iraq.” https://alahadnews.net/206801/%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af/

Calls To Encourage National Industry And Control The Parallel Currency Market

Economie| 09:33 – 06/16/2021   Baghdad – An economic press release, a member of the Iraqi Economic Council, Ghadeer Al-Attar, called on the government, on Wednesday, to support the local product in a successful way, by encouraging the national industry and controlling the parallel currency market.

Al-Attar said in a statement received by Mawazine News, that “the government should exempt raw materials entering the local industry from tax customs duties to encourage industry and national production, especially those used in production at a rate of no less than 40%.”

He pointed out that “the continuous rise in the exchange rate of the dollar against the dinar contributes to the recovery of the importer and raises the prices of locally manufactured materials, which leads to an increase in the financial burden on the citizens.”

Al-Attar stressed “the need to control the exchange rates of hard currency in the parallel market for currencies in the capital, Baghdad, to reduce the effects of the harm of frequent price changes.”

The currency exchange rates during the last few period amounted to 152 thousand dinars per $100 bill in the local markets, while the Central Bank of Iraq sells the 100 dollars at a price of 145 thousand dinars. Suspect https://www.mawazin.net/Details.aspx?jimare=157165

The Iraqi Economic Council Calls On The Government To Support The Local Product In A Successful Way

Wednesday 16 June 2021 10:34 | Economic  Number of readings: 263  Baghdad / NINA / – Member of the Iraqi Economic Council, Ghadeer Al-Attar, called on the government to support the local product in a successful way, by encouraging the national industry and controlling the parallel currency market.

Al-Attar said in a statement, “The government should exempt raw materials entering the local industry from tax customs duties to encourage industry and national production, especially those used in production at a rate of no less than 40 percent.”

He pointed out that “the continuous rise in the exchange rate of the dollar against the dinar contributes to the recovery of the importer and raises the prices of locally manufactured materials, which leads to an increase in the financial burden on the citizens.”

Al-Attar stressed “the need to control the exchange rates of hard currency in the parallel market for currencies in the capital, Baghdad, to reduce the effects of the harm of frequent price changes.”

The currency exchange rates during the last few period amounted to 152 thousand dinars for each $100 bill in the local markets, while the Central Bank of Iraq sells the 100 dollars at a price of 145 thousand dinars. https://ninanews.com/Website/News/Details?key=910329

Alia Nassif Calls On The Council Of Ministers To Retract An Agreement It Concluded With The Prime Minister Of Kurdistan, Which Includes Sending $200 Billion In Retrospect

Wednesday 16 June 2021 10:13 | Economic   Number of readings: 375

Baghdad / NINA / – Representative of the State of Law coalition, Alia Nassif, called on the Council of Ministers to retract the agreement it signed with the Prime Minister of the Kurdistan Regional Government, which includes sending $200 billion to the region with retroactive effect, indicating that this agreement, which causes starvation in the rest of the provinces, has no legal basis in The existence of the financial budget.

She said in a statement today: “The Cabinet’s decision to send $200 billion to the Kurdistan region retroactively does not have any legitimate or legal cover in the presence of the budget, as it cannot cancel the budget that was voted on by calculating the region’s share of 250 thousand barrels per day.”

Sixty-one dollars is the price of one barrel, i.e. a difference of (7-Cool dollars for one million, and therefore the region owes the federal government without counting non-oil imports.”

And she indicated: “The Council of Ministers, through this agreement, legitimizes giving the rights of the Iraqi people unfairly to the authority of the region and causes the rest of the provinces to be oppressed and starved,” calling for “cancelling the agreement and returning to the budget law, which was basically unfair and was passed reluctantly.”

Nassif called for “to achieve justice and equity in the distribution of wealth and resources, for everyone is equal, and there are no people of the first category and people of the second category, and at least consider the presence of hundreds of thousands of unemployed people who are waiting for appointments,” indicating that “this unfair decision It is a provocation to the Iraqi street, and it must be canceled immediately.”/ https://ninanews.com/Website/News/Details?key=910322

The Government’s Economic Advisor Describes The Issue Of Iraqi Debt As Very Complex

Wednesday 16 June 2021 13:13 | Economic  Number of readings: 247

Baghdad / NINA / – The economic advisor to the Prime Minister, Mazhar Muhammad Salih, described today, Wednesday, the issue of Iraqi debts as being very complex, as it is divided between external and internal debts.

Saleh said in a statement: “The internal debts amount to 50 billion dollars and are met within the official and governmental financial system, and not to local creditors from the private sector, that is, they are from the state to the state,” noting that “the remaining external debts payable does not exceed 23 billion dollars, which is programmed to be repaid within the debt services section of the annual general budget in order to amortize them.

He added, “A part of the foreign debt is a remnant of the debt rescheduling of the Paris Club Agreement, and the other was new to finance arming and equipping the armed forces due to the conditions of the war on ISIS terrorism after the year 2014.

Saleh pointed out that “the outstanding debts of 8 countries, including Iran, Saudi Arabia, Qatar, the Emirates and Kuwait, amounting to 40 billion dollars, and these countries have not written off their debts yet, although they are subject to the Paris Club,” explaining that “it dates back to before 1990 and the validity of the claimed figure is questionable.” Therefore, it must be written off by 80 percent upwards.

Otherwise, it is considered a formality and has no legal value, because the Paris Club Agreement to settle the external debt of Iraq and the debts before 1990, is binding and obligatory to write off, as Algeria, the United States and other friendly and brotherly countries did.” https://ninanews.com/Website/News/Details?key=910377

Oil Continues To Rise And Approaches $75

Pratha News Agency91 2021-06-16   Oil prices rose, today, Wednesday, with Brent crude rising for the fifth consecutive session, as the decline in inventories and the recovery of demand encouraged investors and demand for it.

Brent crude rose 64 cents, or 0.86 percent, to $74.63 a barrel by 05:18 GMT, after rising 1.6 percent on Tuesday.

US crude rose 57 cents, or 0.80 percent, to $72.89 a barrel, after rising 1.7 percent in the previous session.

Oil inventories fell 8.5 million barrels in the week ending June 11, according to two market sources, citing figures from the American Petroleum Institute on Tuesday.

Executives of top oil traders said Tuesday that they expect prices to remain above $70 a barrel and demand to return to pre-pandemic levels in the second half of 2022, after recovering across the United States, Europe and some large countries in Asia such as China.    http://burathanews.com/arabic/economic/394502

Parliamentary Finance: The Coming Days Will Witness An Improvement In The Dollar Exchange Rate

09:33 – 14/06/2021  Information/Baghdad.  A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, on Monday, that the coming days will witness further improvement in the dollar exchange rate,  pointing out that speculators in the strongholds of the black market are behind the scheduled rise in the price.

Cougar said in a statement to “Al-Maalouma”, that “the stability of the natural exchange rate as stated by the government and the absence of any intentions to change it,” noting that  “there is a monopoly by some traders for some basic materials, including the dollar.”

He added that “the dollar is a commodity, like all commodities, rising due to the monopoly of some people and companies,” stressing that  “the coming days will witness more improvement in the dollar exchange rate.”

On Sunday, Representative Mansour Al-Baiji confirmed that the unprecedented rise in the exchange rate, which we have always warned of its repercussions, has negatively affected the lives of citizens during the current situation due to the significant rise in food and medicine prices. https://almaalomah.org/2021/06/14/539716/

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

https://www.bondladyscorner.com/

Source: Dinar Recaps

______________________________________________________

If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2021 Dinar Chronicles