Mon. AM TNT News Articles 7-4-22




A parliamentary bloc moves to lower the dollar exchange rate

Today, Monday, Jawad Al-Ghazali, a member of the State of Law coalition, revealed a move by his bloc to reduce the dollar exchange rate.

Al-Ghazali told “Mawazine News”, “The lawmakers have collected their signatures regarding reconsidering or modifying the dollar exchange rate to its previous era.”

He explained, “This step (comes) due to the rise in commodity prices in the markets and the harm of citizens, and this step will be towards a gradual reduction of the exchange rate, not completely, so that it will be dealt with smoothly without losses.” 

Eid holiday” postpones the convening of the Iraqi parliament

A parliamentary source said on Monday that the Iraqi parliament will postpone its first session within the new legislative term due to the Eid al-Adha holiday.

The source told Shafaq News Agency, “The legislative recess for the House of Representatives ends on Friday, July 8, and according to the internal system, the second legislative term for the first year of the fifth session begins on July 9.”




He explained that “the first session of the new legislative term will be postponed from July 9 to July 16, due to the Eid al-Adha holiday.”

The Iraqi Council of Representatives, on the evening of Wednesday, June 8, voted on the law on emergency support for food security in general, to enter its 30-day legislative recess.

Prime Minister Mustafa Al-Kazemi directed the start of the Eid al-Adha holiday from Saturday, corresponding to 9/7/2022 to Thursday, corresponding to 7/14/2022 associated with the establishment of the Republic of Iraq, provided that official working hours in all government institutions would resume on Sunday, 7/17/2022.

After Eid al-Adha .. a new “promise” from the framework to elect the President of the Republic and form the government

The coordination framework, which brings together the Shiite forces with the exception of the Sadrist movement, confirmed on Monday, the continuation of negotiations with the Kurdish parties regarding the selection of the candidate for the presidency of the republic, likely to repeat the scenario of 2018 in this regard, in reference to the selection of the Patriotic Union candidate Barham Salih, at the expense of the party’s candidate Kurdistan Democratic Party.

The leader in the framework, Deputy Amer Al-Fayez, said that “the coordination framework encourages the brothers in the Kurdish parties to agree to choose one candidate for the post of President of the Republic without the framework’s interference in that.”

And he indicated that “the Kurds’ failure to agree on a specific candidate, certainly means that the House of Representatives will resolve its matter, as happened in the last session 2018.”




Al-Fayez added, “After Eid al-Adha, the House of Representatives will hold a session to elect the president of the republic, and there is discussion and dialogue between the parties to reach an agreement that the candidate for the post of president of the republic is acceptable to the political forces.”

Association of Private Banks: 98.12 trillion dinars, the volume of deposits at the end of the year 2021

The Association of Iraqi Private Banks announced that the volume of deposits in the banking sector will rise to 98.12 trillion dinars until the end of the year 2021.

The Executive Director of the Association, Ali Tariq, said that the total assets in the banking sector increased by 15.87% during the year 2021, to become 150.4 trillion dinars.

He added that deposits in the banking sector increased by 12.65%, as it became during the year 2021 more than 98.1 trillion dinars, while in the year 2020 it was 87.19 trillion dinars, explaining that the total credit “loans” amounted to more than 53.5 trillion dinars during the year 2021 after it was in The year 2020 is worth 51.1 trillion dinars.

The statement indicated that the capital of the banks amounted to 150.4 trillion dinars during the year 2021, after the banks increased their capital in line with the development in banking services, pointing out that the pledge credit amounted during the year 2021 to more than 27.2 trillion dinars.

Tariq noted that the increase in banking indicators indicates a high level of trust between the citizen and the banking sector, due to the strategy of the Central Bank, which worked to develop the sector and increase and diversify services   link

Source: Dinar Recaps


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