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“Release the Rate” – Sat. AM TNT Thoughts/News 10-15-22

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TNT

Tishwash:
The Prime Minister of Iraq accepts the resignation of the Minister of Finance and appoints Hiam Nemat as his successor

Today, Saturday, the Iraqi Prime Minister, Mustafa Al-Kazemi, approved a request to exempt Oil Minister Ihsan Abdul-Jabbar from the duties of the acting Ministry of Finance

And a government source told the Iraqi News Agency: “The Prime Minister agreed to the request of the Finance Minister, Ihsan Abdul-Jabbar Agency, to relieve him of the above position,” noting that “Al-Kazemi assigned Minister of State Hiam Naamat the tasks of the Ministry of Finance as an agency, until the formation of the new government.  link

The framework sets the date for Al-Sudani to announce his program and cabinet

The deputy of the coordination framework, Muhammad Hassan, confirmed, on Saturday, that the completion of the selection of the cabinet ministers of Muhammad Shia Al-Sudani and the presentation of his government program will not exceed two weeks from now, indicating that Al-Sudani moved intensively before being officially assigned with the political forces. 

Hassan said in a statement to “Information”, that “the early announcement of the coordination framework for his candidate for prime minister, Muhammad Shiaa Al-Sudani, gave the latter an opportunity to move on the political forces to present his government program and present his vision regarding his acceptance of the candidates of the political forces for ministerial seats, which is a good thing that has reduced the time it will take.” Interview and selection of the cabinet. 

He added that “the political forces dealt with Al-Sudani during his talks before he was officially assigned by the President of the Republic as if he was officially charged,” adding that “the selection of the Sudanese cabinet ministers will be completed and the presentation of his government program will not exceed two weeks from now.” 

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It is noteworthy that the President of the Republic, Abdul Latif Rashid, has assigned the candidate of the largest bloc, Muhammad Shiaa Al-Sudani, to form the next government.    link

Blackbird:
Is it true that Iraq has a new Prez? My wife told me she heard it on the news.

Sammi:
Yes Iraq has a New President and a new Prime Minister as well

Blackbird:
New Prez: https://www.reuters.com/world/middle-east/rockets-hit-baghdads-green-zone-sources-2022-10-13/

GraceRenewed:
So any interesting updates?

Yada:
I’m of the mind that Sadr is maintaining his opposition to this government by keeping his distance. At least it’s not a threat to tear it down now. More like give them time to prove him correct. To me, In the mean time, release the rate. The rest will go into my rearview mirror

Annie68:
Amen, yada! Do the RV and we’re outta here!!   Maybe we’ll hear something tomorrow. The President is supposed to be sworn on Sunday.

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CandyKisses:
For the first time in its history, bank deposits in the Central Bank approach 180 trillion dinars

Economy News-Baghdad

The economist, Manar Al-Obaidi, revealed that the Central Bank’s assets from bank deposits amounted to 180 trillion dinars for the first time in the bank’s history.

Al-Obaidi said in a post on his page that “local banks’ deposits with the Central Bank of Iraq for the first time exceed the 40 trillion dinars barrier and represent 22.5% of the central bank’s total liabilities with an annual growth rate of 36.5% compared to last year.”

He added, “The value of the issued currency remained within the barrier of 82 trillion dinars, representing 47% of the total liabilities of the Central Bank, with an annual growth rate of 9.7% compared to the same period last year, and then deposits of government institutions, amounting to 21 trillion Iraqi dinars, which represents 12% of The total liabilities of the Central Bank of Iraq with a growth rate of 420 percent compared to the same period last year.

He believed that “the rise in local banks’ deposits with the Central Bank and their exceeding the barrier of 40 trillion dinars indicates the improvement in the level of financial inclusion in Iraq, which contributed to increasing the monetary assets of banks and depositing them with the Central Bank, which illustrates the success of the policy of the Central Bank of Iraq in the strategy of financial inclusion, which contributed to the arrival of deposits The local banks of the Central Bank of Iraq have reached this level.”

He pointed out that “the total assets of the Central Bank of Iraq until the end of the month of August amounted to 178 trillion Iraqi dinars. These assets were distributed between

????Securities worth 68 trillion dinars?

???? Dues from the Ministry of Finance amounting to 44 trillion dinars

????gold and cash reserves worth 27 trillion dinars?

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????Deposits with central and foreign banks worth 27 trillion Iraqi dinars

????Small and medium-sized enterprises financing loans worth 9 trillion Iraqi dinars

He pointed out that “this is the first time in the history of the Central Bank of Iraq that its assets reach the barrier of 180 trillion Iraqi dinars, and it is expected that the barrier of financing loans for small and medium projects until the end of the year will exceed the barrier of 12 trillion Iraqi dinars.”

Tishwash:
14 million dollars, the value of cooperation between Russia and Iraq in the field of energy and investments

The Russian ambassador to Iraq, Elbrus Kutrashev, said today, Friday, that his country has cooperation with Iraq in the field of energy and investments worth $14 million, pointing out that Moscow is seeking to expand in this field.

Nutrashev added – in statements to the Iraqi News Agency (INA) – that military cooperation between Iraq and Russia is one of the files of cooperation between the two countries, but it is not the most important one.

He explained that Moscow has promising prospects for expanding trade with Baghdad, and also has cultural cooperation and a promising future

The ambassador pointed out his country’s efforts to overcome logistical problems between the two countries, and that the political desire exists between the two countries.

Nutrashev pointed out that military cooperation cannot be disclosed about its details as it is a sensitive file, explaining that Iraq knows the importance of Russian weapons and wants to rely on them  link

Source: Dinar Recaps

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