Foreign exchange reserves in Iraq exceed $80 billion
Today, Sunday, the official Iraqi News Agency quoted the Deputy Governor of the Central Bank as saying that the country’s foreign exchange reserves exceeded 80 billion dollars, and it is expected to reach 90 billion by the end of the year.
Ammar Khalaf added that the bank’s gold reserves increased by 30 tons to record more than 131 tons in total.
The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, had said in previous statements to Al-Arabiya channel that the rise in oil prices would reflect positively on the country’s foreign reserves.
Regarding inflation, the Deputy Governor of the Central Bank said that the inflation rate is a global phenomenon, and in Iraq the inflation rate rose after the change in the official exchange rate at the end of 2020, and the repercussions of the Covid-19 crisis, the war of Russia and Ukraine and the food crisis, all of which affected Iraq because it is a major importer of foodstuffs.
Ammar Hamad Khalaf referred to the Central Bank of Iraq, which is trying to control the inflation rate by achieving stability in the exchange rate through direct intervention in the foreign exchange market. link
In percentages.. Representatives for and against the dissolution of Parliament
The leader in the coordination framework, Turki Jadaan Al-Atabi, confirmed today, Sunday, that 90 percent of the members of the House of .Representatives are against any path to dissolving the parliament Al-Otbi told (Baghdad Today), “There are facts in the Iraqi political scene that public opinion must realize that any changes in the state administration cannot proceed without a national consensus between the sects and components, and the “.constitution defines the mechanisms for these changes
He added, “Dissolving Parliament is not an easy decision, because without a road map for the next stage, it will lead us to dangerous slides in Iraq, stressing that through our direct reading with the deputies, it indicates that 90% of them are “.against any path to solve it at the present time He pointed out that “most forces realize that dissolving parliament and holding early “.elections must be preceded by the formation of a new government
Regarding the next stage, Al-Otbi explained that “there must be a national consensus for the next stage in terms of changing the election law and the commission, because part of the problems that are occurring now came because of the results of “.the recent elections and the negative indicators that we identified in advance link
Angry protesters try to storm the crowd building in central Baghdad
The correspondent of “Mawazine News” reported, today, Sunday, that their contracts were terminated by members of the PMF, an attempt to storm the PMF building in central Baghdad.
Our correspondent said that “members of the Popular Mobilization Forces, whose contracts have been terminated, demonstrated again today, and tried to storm the building of the Popular Mobilization Authority from within the Jadriya area.”
He pointed out that “the demonstration caused a partial blocking of the road near the authority’s building.” link
The coordinating framework puts Al-Halbousi on a very hot boiler.. an emergency session or an urgent dismissal
An electronic platform on the social networking site Telegram transmitted what it called information from within the current political movement in Baghdad during the past hours, revealing that the forces of the coordination framework threatened to oust al-Halbousi from his position if he delays in calling the House of Representatives to reconvene.
The platform quoted by saying, “Information was received from the scenes of the political movement to resolve the crisis, revealing frantic movements of the coordination framework to persuade the rest of the political forces to resume the work of the Parliament, and to unveil different positions and strong intervention by the United Nations representative.”
The sources confirm that an agreement was concluded during al-Amiri’s tour that the national dialogue would precede the resumption of parliament’s work, and that Massoud Barzani stipulated that the sessions be held in his official building in al-Khadra. In his last meeting, he went to dismiss Al-Halbousi in the event he refused to hold the session with a full quorum.
According to the information, the Azm alliance led by Muthanna al-Samarrai expressed insistence on the necessity of resuming the work of Parliament, and threatened in the event that the Shiite component failed to proceed with the political process, it would move towards the Sunni region, especially in light of its growing relationship with the forces of the Sunni reform movement led by Sheikh Sattam Abu Risha. .
The sources reveal a vision put forward in the corridors of the National Dialogue by the UN representative to go towards a four-way coalition to form the government, which includes the framework, the Kurds and the Sunnis, in addition to the “For the People” alliance, which includes the extension and the new generation..
The sources confirm that the framework pressures the Kurdistan Democratic Party to resolve the file The candidate for the presidency of the republic, and that he may set a deadline for that, and otherwise, he will go towards the renewal of President Barham Salih… As the sponsorship of the dialogue by the United Nations representative, Jenin Plasschaert, puts all Iraqi forces in front of an international responsibility, and he is worried about condemnation if they stand as an obstacle to the proposed solutions link
Source: Dinar Recaps
With the participation of Iraq.. Egypt will host tomorrow a summit of a number of Middle Eastern leaders
Baghdad – Mawazine News
A diplomatic source at the Egyptian Foreign Ministry confirmed today, Sunday, that Egypt will host tomorrow, Monday, a summit that brings together the leaders of Egypt, Iraq, Jordan, the UAE and Qatar, in the Egyptian city of El Alamein.
The diplomatic source said, “The Egyptian city of El Alamein will host tomorrow, Monday, a summit gathering the leaders of Egypt, Iraq, Jordan, the UAE and Qatar.”
He indicated that the summit will be at a high level, and will discuss economic, energy, politics and security issues in the region.
A short while ago, the President of the United Arab Emirates, Mohammed bin Zayed, arrived at the airport in El Alamein, Egypt, where he was received by Egyptian President Abdel Fattah El-Sisi.
According to the Egyptian presidency statement, the two leaders exchanged visions and views on international issues, regional security and the current situation in the Arab region.
The two sides also discussed bilateral cooperation paths and the many promising opportunities to expand its horizons to broader levels that enhance the strategic partnership between the two countries, especially in the economic and development fields that support their aspirations towards achieving sustainable development, progress and prosperity for their peoples.
The Central Bank of Iraq withdraws the license of a financial mediation company and confiscates its insurances
The Central Bank of Iraq announced, on Sunday, the withdrawal of the license of a mediation company for the sale and purchase of foreign currencies for violating instructions and confiscating its insurance amounting to 50 million dinars.
The bank said in a statement received by Shafaq News Agency, that “in view of the violation of the (Al Habib) company to mediate for the sale and purchase of foreign currencies with the provisions of the instructions regulating the work of mediation companies and the purchase of foreign currencies, it was decided to withdraw the company’s license.”
He added, “It was also decided to confiscate its deposits of 50 million dinars in the bank in favor of this bank,” calling on the Ministry of Commerce to “cancel the certificate of incorporation granted to the company, in addition to writing off the company’s name from the records and providing the Central Bank with the certified liquidation letter.”
The Central Bank of Iraq was established as an independent body under its law issued on March 6, 2004, after it was linked to the Ministry of Finance before this date. It is responsible for maintaining price stability and implementing monetary policy. It supervises 25 commercial banks, 26 private banks, and 28 Islamic banks. In addition to 16 foreign banks, as well as 6 financial institutions and 31 money transfer companies. link
Source: Dinar Recaps
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