Bond Lady’s Corner Iraqi News Articles 8-15-21

Iraqi News Sunday AM 8-15-21

TLM724 Administrator BondLady’s Corner

A New Statement By The Finance Committee Regarding The Price Of The Dollar… Will It Remain At Its Current Status?

Political   | 12:46 – 15/08/2021   Baghdad – Mawazine News   The Parliamentary Finance Committee determined, on Sunday, that the exchange rate will remain at its current status, while indicating that raising the exchange rate aims to achieve three main factors.

Committee member Naji al-Saidi said, according to the official agency, that “the exchange rate will remain in place during the next period for the next five years, on the description that the real value of the Iraqi dinar is determined through the exchange of the dollar against the dinar, in addition to the purchasing power of the Iraqi dinar and the resulting net goods and services during a certain period.”

He continued, “The government is firm in achieving its goal by defining three main goals: the first is financial, which is to reduce the deficit in the public budget, the second goal is a monetary goal by increasing reserves, and the third goal is to increase the competitiveness currently produced within the country towards other goods exported from neighboring countries, and this The main goal that the government seeks by filling the budget deficit.

He pointed out that “the decrease in the value of the dinar increased the competitiveness of the Iraqi price on the description that the goods that come from abroad, especially Turkey, Iran, Syria, Saudi Arabia and Jordan, benefit from the strength of the Iraqi dinar against the dollar because the dollar currency is a global currency, and when the dollar exchange rate is raised, the competitiveness of goods will rise and fall.” Because it reduces Iraqi exports from abroad.” Ended   https://www.mawazin.net/Details.aspx?jimare=163913

A Slight Decrease In The Exchange Rates Of The Dollar In The Local Markets

Economie| 10:25 – 15/08/2021   Baghdad – Mawazine News The dollar exchange rates recorded, on Sunday, a slight decline in the main stock exchange and local markets in the capital, Baghdad.

Today, the dollar exchange rate on the Central Kifah Stock Exchange in Baghdad was 147,900 dinars, for each $100 bill.

The prices of buying and selling dollars were relatively stable in exchange companies and local markets in Baghdad, where the selling price reached 148,500 dinars, for each $100 bill, while the purchase price was 147,500 dinars, for each $100 bill. Ended 29/A 4  https://www.mawazin.net/Details.aspx?jimare=163888

The Presidency Of The House Of Representatives Stresses The Need To Prepare A Comprehensive Review Of All Laws

Political | 03:30 – 15/08/2021  Baghdad – Mawazine News, Hassan Karim Al-Kaabi, First Deputy Speaker of the House of Representatives, stressed, on Sunday, the importance of conducting a comprehensive review of all previously established laws in line with the democratic transition and the current situation in the country, while calling for highlighting the obstacles facing the Iraqi legislator to overcome them and come up with laws Solid and applicable to serve the citizen and the democratic system in Iraq.

This came during his sponsorship today, Sunday, August 15, 2021, of a dialogue seminar held by the Parliamentary Development Institute in cooperation with the Parliamentary Legislation Department entitled (The Impact of the Cooperation of the Authorities on the Quality of Legislation), and in the presence of representatives from the Presidency of the Republic, the Supreme Judicial Council and the State Council, and a number of judges, university professors and specialists in legal affairs. and civil society organisations.

Al-Kaabi called for the necessity of providing all the necessary capabilities to support the institutions, agencies and departments related to legislative affairs, especially the Legislation Department in the House of Representatives, and to focus and benefit from holding workshops and seminars held by the Parliamentary Development Institute and the centers, institutions and bodies concerned with the maturation of legislation, considering the convening of this symposium today as a breakthrough.

It is important for the beginning of a broad integrative coordination from the representatives of the presidencies to diagnose the obstacles and come up with more accurate legislation with solid standards.

The meeting took a number of recommendations, the most important of which is the formation of a joint and permanent working committee of the relevant official institutions to submit their reports to the Presidency of the House of Representatives, after holding regular meetings to discuss proposals and important laws to mature them, and to involve representatives of the Bar Association, civil society organizations, academics and relevant authorities to advance the reality of legislation in the country. https://www.mawazin.net/Details.aspx?jimare=163941

The central bank’s hard currency sales exceed $225 million

Economie| 01:13 – 15/08/2021   Baghdad – Mawazine News, the Central Bank of Iraq’s sales of hard currency rose, on Sunday, to reach 225 million dollars.

The Central Bank auction for the sale and purchase of foreign currencies witnessed an increase in its sales by 1.81% to reach 225 million, 443 thousand and 321 dollars.

The purchases amounting to 169 million, 103 thousand and 321 dollars went to strengthening balances abroad in the form of remittances and credits, while the remaining amount of 56 million and 340,000 dollars went in cash.

In addition, 34 banks responded to requests to enhance balances abroad, and seven banks to meet cash requests, in addition to 4 exchange companies. https://www.mawazin.net/Details.aspx?jimare=163918

The Iraqi Stock Exchange Welcomes The Issuance Of Government Bonds And Calls For A Successful Marketing Plan

Executive director of the stock exchange, taha ahmed abdel salam. “economy news”

Market   Economy News – Baghdad  The Director of the Iraq Stock Exchange, Taha Abdel Salam, welcomed the desire of the Ministry of Finance to offer treasury bonds in the market, calling for a successful marketing plan.

And Finance Minister Ali Abdul-Amir confirmed that the Ministry of Finance is working to launch treasury bonds worth one trillion to 1.5 trillion dinars during this period.

And Abdul Salam said in his speech to “Economy News”, that “the Iraqi Stock Exchange has previously organized the process of listing, depositing and trading national bonds using the electronic system .”

He added that there are instructions for the inclusion and circulation of government bonds, but it remains for the entity that issues the bonds to carry out a successful marketing process, and for the community to be marketed by savers and investors as individuals, not just institutions, banks and companies.

Views 140 Date added 15/08/2021   https://economy-news.net/content.php?id=25984

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

https://www.bondladyscorner.com/

Source: Dinar Recaps

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More Iraqi News Sunday PM 8-15-21

TLM724 Administrator BondLady’s Corner

Al-Nusairi: The Summit Of Leaders Of Neighboring Countries Is An Important Step For Iraq’s Return To Its Desired Economic Position

Samir Al-Nusairi  Money  and business  Economy News – Baghdad  The economic and banking advisor to the Association of Iraqi Private Banks, Samir Al-Nusairi, confirmed that the Baghdad summit is an important step for Iraq’s return to its economic position in the region that has witnessed economic conflicts and wars for years.

Al-Nusairi said, in his speech to Al-Iqtisad News, that “Iraq’s invitation to the leaders of the Arab and regional neighboring countries to attend the meetings of the upcoming conference in Baghdad in the coming days is an important step for Iraq’s return to its political and economic position in the region that has witnessed regional political and security conflicts and economic wars for several years.”

And Iraq’s attempt to open up to build balanced political, economic and security relations with brotherly and friendly countries, and in particular with the countries of the geographical region, in which the Arab depth of Iraq constitutes the basis and essence .

He added that Iraq’s invitation to the leaders and the preparation and preparation for the conference on an exceptional basis, whose upcoming convening comes shortly before the legislative elections, is a sure evidence of the new foreign relations strategy adopted by Iraq several years ago.

The Iraqi Finance Ministry to set the executive procedures for implementing the memoranda of understanding between the two brotherly countries, as well as the continuation of the successive meetings between the leaders and representatives of the countries of Iraq, Egypt and Jordan, and reaching important agreements on the economic level .

Al-Nusairi explained that strengthening balanced Iraqi-Arab and regional relations in all political, security and economic fields, in particular cooperation, communication, strengthening and activating banking relations among them, especially in foreign banking transactions, and stimulating and encouraging investment companies to invest in Iraq will lead to strengthening the financing and investment fields, especially reconstruction projects. liberated cities .

Al-Nusairi pointed out that the Iraqi economy is currently going through an important transitional stage, which is the strategy of leaving the crisis stage to the stage of economic stability after the elections and achieving the goal of radical and comprehensive reform and reform in all fields, after achieving a wide participation of the people in it.

Especially after the wide international, regional and Arab openness to Iraq and the beginning of building new strategic relations, and that what concerns us here is the future of international economic, financial and banking relations in general and with the countries of the geographical region in particular and some Arab countries with influential economic depth and building bridges of relationship together to serve the opening of promising horizons for communication, exchange of benefits and encouragement Investing in Iraq, developing infrastructure and banking technology, increasing inter-banking transactions, and finding new ways to cooperate with the sober correspondent banks in those countries..

Al-Nusairi hinted that the recent bilateral meetings between the Central Bank of Iraq, Arab and foreign banks and representatives of the World Bank had actually yielded, which helped draw a road map for joint communication and coordination for the purpose of actually directing the implementation of the outlines reached for building and restoring economic and financial relations, as it was agreed to develop and open horizons Extensive cooperation in the economic and banking fields, correcting tracks and overcoming all obstacles that stand in the way of building sound and solid banking relations.

Al-Nusairi expected that the conference would come out with important recommendations and decisions that have a clear impact on political, economic and security stability in the region and building balanced sovereign relations between Iraq and neighboring countries that will reflect positively on everyone . Views 193 Date added 15/08/2021   https://economy-news.net/content.php?id=25979

The Central Bank Reveals The Price List Of Bullion And Gold Coins

Economie| 02:07 – 15/08/2021  Baghdad – Mawazine News, the Central Bank of Iraq announced the selling prices of gold bars and coins from Sunday 15/8 to next Thursday corresponding to 19/8/2021.

The list of prices published by the Central Bank on its official website and reviewed by Mawazine News is as follows:

1- Coins.

The price of the coin is 15 gm, 1,385,500 Iraqi dinars.  The price of the coin is 22 grams, 2,031,500 Iraqi dinars.

2- Alloys.

A 5 gm ingot is priced at 433,250 Iraqi dinars.  A 10 gm ingot is priced at 856,250 Iraqi dinars.

A 15-gram ingot is priced at 1,287,250 Iraqi dinars.  A 20-gram ingot is priced at 1,727,250 Iraqi dinars.

A 25 gm ingot is priced at 2,168,500 Iraqi dinars.  A 50-gram ingot is priced at 4,341,250 Iraqi dinars.

https://www.mawazin.net/Details.aspx?jimare=163928

Amer Al-Jawahiri to / NINA /: Iraq Is Able To Enhance Its Economy… By Empowering The Private Sector With Integrity And Professionalism

Sunday 15 August 2021 10:43 | Economic Number of readings: 331   Baghdad / NINA / – The consultant in industrial development, industrial cities and investment, Amer Al-Jawahiri, confirmed that: Iraq is capable of strengthening its economy… by empowering the private sector with integrity and professionalism.

He told the National Iraqi News Agency ( NINA ) that: The first step in strengthening the economy is to empower the private sector with its investment and growth and the operation of private factories.

Al-Jawahiri added: “There should be a campaign regarding this, indicating that the operation of any private factory or factory will encourage others to open and rehabilitate their factories and factories.

He explained that: Strengthening the economy is also done by attracting tourists not only for the visiting seasons only, but also continuously because of the places the country owns from the places of interest. A great cultural and civilized character. / End 3   https://ninanews.com/Website/News/Details?key=921428

The United States Donates More Than 500,000 COVID-19 Vaccines To Iraq

Home | News & Events |U.S. Embassy Baghdad  For Immediate Release  August 14, 2021  PRESS RELEASE

U.S. Ambassador to Iraq Matthew H. Tueller joined Iraqi Acting Minister of Health Hani al-Oqabi and other partners to receive the delivery of more than 500,000 doses of Pfizer COVID-19 vaccine to the Iraqi Ministry of Health as part of the ongoing partnership of the United States with the people of Iraq.

The vaccines were delivered via COVAX in coordination with the World Health Organization (WHO), the United Nations International Children’s Emergency Fund (UNICEF), the Coalition for Epidemic Preparedness Innovations (CEPI), and Gavi, the Vaccine Alliance.

The United States provided these 503,100 vaccine doses free of charge to Iraq in reflection of our commitment to our shared fight against the COVID-19 pandemic. This commitment was one of several made during the most recent session of the U.S.-Iraq Strategic Dialogue, held in Washington, D.C., July 23-26.

The United States, through the U.S. Agency for International Development (USAID), has provided more than $60 million to Iraq to combat the COVID-19 pandemic.

“The United States is proud to partner with the Iraqi people to help save lives and defeat COVID-19. Together, we will continue to build a world that is safer and more secure against the threat of infectious disease,” said Ambassador Tueller.

This delivery of vaccines helps fulfill the White House global vaccine sharing allocation plan, announced on June 3, 2021, that prioritized an allotment for Iraq.

As President Biden promised, the United States is sharing vaccines with Iraq and many other countries to save lives and lead the world in ending the pandemic.

These safe and effective vaccines are key to protecting Iraqi lives and boosting Iraqi economic recovery.

By U.S. Embassy in Baghdad | 15 August, 2021 | Topics: Press Releases

https://iq.usembassy.gov/the-united-states-donates-more-than-500000-covid-19-vaccines-to-iraq/

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

https://www.bondladyscorner.com/

Source: Dinar Recaps

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