Fri. PM KTFA News Articles 4-1-22

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Samson » April 1st, 2022

Governor of the Central Bank of Iraq congratulates on the holy month

1st April, 2022

On the occasion of the blessed month of Ramadan, His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mukhif, extends his warmest congratulations and blessings to our dear people and all Muslims, asking God Almighty to accept your fasting, doing and good deeds, hoping to bring him back to the Iraqi people and the Islamic world with good health and giving and to make it a month of good and blessings, and every year and you are a thousand good.

Central Bank of Iraq
Media Office
1 – April – 2022  LINK

High prices kill the fun of shopping in preparation for Ramadan 

1st April, 2022

Amid the rise in the prices of all food commodities, as a result of internal and external crises, the movement of citizens to shop in preparation for the month of Ramadan seemed almost weak, before entering the fasting month only one day, which the Iraqi markets have not been familiar with during the past years.

The lens of Shafak News Agency shows the accumulation of basic foodstuffs in the shops, in return for the low demand for purchase, as a result of citizens’ hopes to provide government Ramadan baskets, which they had promised a few days ago.

The Iraqi Council of Ministers had promised to distribute a double food basket within the ration card and to disburse an emergency amount of 100,000 dinars (70 dollars) to vulnerable groups as an alternative to the price hike.

For years, Iraqi families flock to the Shorja market, famous for its various types of sweets, spices, tea and delicacies, to stock up on groceries and decorations in preparation for Ramadan.  LINK

The First European Country To Suggest The Possibility Of Buying Russian Gas In Rubles

1st April, 2022

Slovak Prime Minister Eduard Heeger has not ruled out that his country will have to buy natural gas from Russia in rubles after the Russian President issued a decree in this regard, the Slovak newspaper SME reported.

“If we convert this (Russian demand that European consumers pay for gas in rubles) into Slovak terms, then the Slovak gas industry will have to first buy rubles in euros, and then buy gas in rubles from Gazprom,” Heger said. This step will increase Slovakia’s dependence on Russia, and it will be not only energy, but also financial.”

He pointed out that “the doubts of the Slovak authorities about the reliability of Russian gas supplies increased after the start of the military operation in Ukraine,” and the Slovak Prime Minister said, “Therefore we are looking with all member states of the European Union for alternative solutions to protect our families and our industry.”

Russian President Vladimir Putin signed a decree on the mechanism for paying for natural gas supplied to “unfriendly countries”, including the European Union, in Russian rubles.

Based on the decree, customers in unfriendly countries must open accounts in the Russian currency in Russian banks, and the decree will enter into force as of April 1, 2022 (today, Friday).  LINK

Source: Dinar Recaps

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