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TNT
Tishwash:
The tripartite budget enters into force.. Calls to monitor the exchange doors and prevent their electoral exploitation
After the tripartite budget enters into force, the parliamentary circles stress the need to intensify governmental and parliamentary efforts at the gates of its disbursement to preserve its huge funds.
After a long-awaited period, the tripartite budget enters into force after its instructions were published in the Official Gazette.. with an unprecedentedly huge financial ceiling, which made the parliamentary circles warn against exploiting their funds, especially with the approaching local elections.
Parliament’s role in monitoring the expenditures will begin after the end of the task of legislating the budget law. Representatives also refuse to allow budget funds to be subject to partisan division. link
CandyKisses:
Political analyst: The oil and gas law is a game between Baghdad and Erbil to pass agreements
Baghdad – Iraq Today:
Dr. Qahtan Al-Khafaji, Vice Chairman of the Political Science Committee at the Iraqi Forum for Elites and Competencies, stressed that the proposed mechanisms for managing oil and gas, whether by Baghdad or Erbil after 2003, are different and contrary to the rules of the systems adopted in the international systems.
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A press interview said that “after 2003, the situation on the ground changed, and mechanisms were proposed by Baghdad and other Kurdish to manage the oil of Iraq and the region, and all of these proposals are basically different and contrary to the rules of the systems adopted in the global systems.”
He added: “In all countries of the world, we always find natural and financial resources, the army, borders and foreign affairs are the business of the federal and central government, and this is applied in America, Switzerland and Brazil, which are federal countries, but the situation of Iraq is completely different, what has been going on for years is the process of dividing and sharing imports between political blocs, and these political blocs are basically not independent of themselves, but linked to an external force.”
The deputy chairman of the Political Science Committee pointed out that what is happening today about the Iraqi government’s preparation of a new oil and gas law in the country is mainly a process of procrastination, dilution and distribution of the collective effectiveness of the various Iraqi capabilities.
“The issue of oil and gas is a thorny, long and complex issue, even in light of a political-trade process, and I think it will take a long time, because there are many opinions within the political process that do not see the new proposals as a sound way to serve Iraq, in addition to the effective popular rejection,” al-Khafaji said.
The deputy head of the Political Science Committee pointed out that “talking about a new oil law is a government game for the purpose of escaping responsibility, because decisions within the corridors of parliament often take long, thorny and complex procedures, in addition to the fact that moving in this direction is a process of escaping forward and leaving the matter, and this move is no more than a political maneuver by the official authorities in the state.”
Al-Khafaji concluded by saying: “The legislation of a new gas and oil law that disperses the central administration of oil and gas or any Iraqi natural resources is outside logic and outside all the functions of the adopted fundamentalist state, whether in central states or federal states.”
Tishwash:
The dollar burdens the concerns of the Iraqis.. The continuation of the American economy conspiracy
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Dollar prices recorded a record high after a modest decline under US pressure on Iraqi banks and the government, which turned the currency crisis into a nightmare haunting the Iraqis.
According to the local stock exchange, the category of one hundred dollars exceeded 155 thousand Iraqi dinars, with the difference between buying and selling.
For her part, Ibtisam al-Hilali, a member of the Fatah Alliance, accused the American side of provoking international and domestic crises for the Iraqi government.
Al-Hilali said in a statement to Al-Maalouma, “The United States of America insists on pursuing an aggressive policy towards Baghdad because of its rapprochement with all neighboring countries and its playing the most prominent role in the region.”
She added, “Provoking the border crisis with Kuwait, playing on the electricity crisis, and fueling the street against the government of Muhammad Shia’ al-Sudani, in conjunction with the escalation and imposing a blockade on Iraqi banks, are all evidence of America’s involvement in internal affairs.”
Sterile Iraqi measures
In addition, a member of the House of Representatives, Kazem Al-Toki, considered that the measures taken by the Central Bank did not withstand the decisions of the US Treasury regarding the dollar, while stressing that Washington imposed many financial policies on the Central Bank.
Al-Touki said, in an interview with the information agency, that “the widening of the dollar exchange rate gap between the parallel and official rate is greater than the central bank’s measures,” adding that “the sanctions that the US Treasury continues to impose will not allow the dollar’s exchange rates to stabilize in the local markets.”
And he continued, “The Central Bank did not succeed in limiting the rise in dollar prices in the local markets compared to the official price that it adopts,” noting that “the United States of America imposed many financial policies on the Central Bank.”
Reasons for the rise of the green currency
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In addition, the economic expert, Saleh Al-Hashemi, attributed the continued rise in the exchange rates of the dollar in the local markets to the increasing demand for the dollar, while stressing that the central bank had not succeeded in controlling the dollar crisis despite the many measures it had taken.
Al-Hashemi said, in an interview with the information agency, that “there are major violations in government and private banks and exchange offices in supplying dollars to citizens,” noting that “the central bank must circulate outlets selling dollars in all branches of its government banks to weaken the strength of demand in the markets.”
And he continued, “The high wages that the citizen pays to government banks as a result of completing the transfers is one of the main reasons that contributed to his orientation to the informal private money exchange,” pointing out that “the huge monthly transfers made by officials outside Iraq exacerbated the current dollar crisis.”
Regarding the reasons for the continuation of the exchange rate crisis, Al-Hashemi explains, “The Central Bank did not succeed in controlling the crisis of the widening gap between the parallel rate and the official rate, despite the many measures it took as a result of the lack of transparency in the administrative and financial work mechanism.” link
Source: Dinar Recaps
Harambe:
Vietnam, Iran boast potential to boost economic, trade ties: forum | Vietnam+ (8/9/23)
The Vietnamese and Iranian economies are reciprocal, and the two countries have a lot of potential to advance their economic and trade cooperation, making it match the good bilateral political and diplomatic relations, heard a forum on August 9.
he forum on policies and laws to promote economic, trade and investment ties between Vietnam and Iran was jointly held by the Vietnamese Ministry of Industry and Trade, the Vietnamese Embassy in Iran, and the Iran Chamber of Commerce, Industries, Mines and Agriculture, as part of National Assembly (NA) Chairman Vuong Dinh Hue’s ongoing official visit to Iran.
In his remarks, Hue said bilateral trade and investment activities between the two countries have been developing fruitfully and will be on par with their political and diplomatic ties.
He highlighted good sentiments and mutual respect between Vietnam and Iran, their multi-faceted cooperation, and collaboration and mutual support at multilateral forums.
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The top legislator used this occasion to brief the participants on achievements Vietnam has recorded in reform and international integration over the past 37 years, with its gross domestic product (GDP) reaching 410 billion USD last year.
Vietnam is striving to reach a GDP growth rate of 6.5% this year, and keep inflation at around 4.5%, he added.
The country is working towards strategic breakthroughs in terms of economic institutions, workforce quality, science-technology, education-training, and infrastructure, especially transport infrastructure, the leader continued.
According to the NA Chairman, Vietnam’s export revenue was valued at 735 billion USD last year, becoming one of the 20 countries with the highest trade value in the world.
Vietnam has also been named among the world’s top 20 host economies for foreign direct investment (FDI) by the United Nations (UN) with an inflow of 450 billion USD poured into 37,000 projects, Hue went on.
The leader suggested Vietnam and Iran remove obstacles to raise their bilateral trade in the near future and continue perfecting legal frameworks to facilitate the operations of their businesses and investors.
He urged working groups for trade exchange and payment to step up their operations, emphasising that the two countries have signed many agreements on double taxation avoidance, judicial assistance and customs, along with memoranda of understanding on technology and education.
Within the framework of the official visit, the two sides have reached more cooperation documents, covering collaboration between the legislative bodies, plant and animal quarantine, culture and education, among other fields.
The Vietnamese legislature has been making all-out efforts to consolidate the legal system, and untangle knots for foreign investors in the country, the NA Chairman affirmed, noting that the Vietnamese and Iranian legislatures will work together to supervise the governments’ implementation of the documents, especially those in economy, trade and investment.
He said the two countries’ chambers of commerce and industry should organise more cooperation activities and delegation exchanges to tighten connectivity between localities and enterprises.
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Hue expressed his belief that the bilateral economic, trade and investment ties will grow further in the time ahead.
Speaking at the event, Chairman of the IranChamber of Commerce, Industries, Mines and Agriculture Hossein Selahvarzi called for greater efforts by both sides to promote their economic and trade cooperation.
Talar Poshti, Chairman of Industries and Mine Committee of the Iranian Parliament, said Iran has put forth many programmes and plans to strengthen cooperation with Vietnam, stressing they will likely help promote the economic, trade and investment ties.
Meanwhile, Pour Ebrahimi, Chairman of the Iranian Parliament’s Economic Committee, expressed his impressions on Vietnam’s socio-economic achievements, and affirmed that the Iranian government and people want to enhance economic and trade cooperation with the Southeast Asian nation.
He also noted hope that Hue’s visit will open up a new chapter for the bilateral economic and trade collaboration.
https://en.vietnamplus.vn/vietnam-iran-boast-potential-to-boost-economic-trade-ties-forum/265938.vnp
Source: Dinar Recaps
Tishwash:
For the first time in Iraq.. a bank launches the “Visa Direct” real-time payment service
The first “digital” bank in Iraq announced the launch of the “Visa Direct” service, in cooperation with “Visa”, the world leader in digital payments.
In a statement received by Shafaq News agency, the bank stated that “Visa Direct” is a real-time payment service from one side to another, which will enable Iraqi customers to enjoy real-time transfers for the first time in the country.
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He pointed out that “Visa Direct” is a payment service provided by “Visa” that allows real-time payments to be sent directly to the recipient’s valid debit or credit card, using the 16-digit “Visa” card number.
“We are proud to provide this pioneering service to our customers in Iraq, and we believe that this will contribute to improving responsible access to financial services in the Iraqi market,” said the founder of First Iraq Bank, Kawa Junaid, according to the statement.
He added, “By integrating financial and technological innovation with Visa’s global architecture, the First Bank of Iraq will contribute to supporting Iraq’s greater integration in global markets.”
He continued, “The First Bank of Iraq is proud of its advanced technologies in the field of combating money laundering and combating the financing of terrorism (AML/CFT), and its operations and staff specialized in this field.”
And he indicated that “First Bank of Iraq seeks to ensure exceptional efforts in the Iraqi market,” adding, “We are committed to the highest standards (AML/CFT) and compliance with laws and regulations. We have integrated technologies and efforts at work to take advantage of advanced compliance solutions, including monitoring real-time transactions, and verification of digital identity and address linking, and setting limits for transactions and deposits.”
While the Director of the “Visa” Group in the Middle East, Mario Makary, explained that “Visa is looking forward to providing first-class international money movement solutions in the Iraqi market. By using the capabilities of Visa Direct for international dealings, customers of the First Bank of Iraq will be able to access their money, move it, use it and communicate with more than three billion cards globally, while maintaining accessibility and security.
He added, “We strongly believe that this cooperation will create better user experiences by facilitating the process of accessing, moving and using the funds of First Bank of Iraq customers through a secure digital banking platform.”
According to the statement, the advantages of the “Visa Direct” money transfer service include speed in settlements, ease of use of phone banking, security and reliability of the global “Visa Direct” system, availability of the “Visa Direct” system globally, and lower costs for transferring money from one person to another. link
A proposal to adopt a unified international currency.. Iraq participates in a regional conference to “build a new civilization“
Today, Wednesday (August 9, 2023), the work of the Third Regional Conference on Islamic Unity kicked off in the city of Urmia, West Azerbaijan Province, under the slogan “Islamic Cooperation to Achieve Common Values”.
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And according to Iranian media, “the conference is being held under the auspices of the World Assembly for Proximity between Islamic Doctrines and hosts, for its third edition, which began this morning, a gathering of Islamic scholars and personalities from Iran, Russia, Turkey, Syria, Georgia and Iraq.”
In a related context, Hamid Shahriari, Secretary-General of the World Assembly for Proximity of Islamic Doctrines, said: “One of the goals of holding regional conferences for Islamic unity by hosting Iranian provinces is to receive a large number of Islamic personalities and cultural and intellectual elites, Sunni and Shiite, from various provinces of the country, and to involve them in the project of building civilization.” New Islamic.
Concerning the guests of the Unity Conference, which began today, Shahriari explained that 800 Muslim scholars and intellectuals were invited to participate in the conference.
He added, guests from neighboring countries, including religious scholars and cultural and university elites, will also participate in this conference, from Russia, Georgia, Turkey, Iraq, the Kurdistan region of Iraq, Syria and the Republic of Azerbaijan; Looking forward to the availability of opportunities to benefit from the experiences of these scientists during the activities of the conference.
Shahriari also spoke about the “new Islamic civilization” and said: We carry the banner of Islamic civilization and believe that we are able to rebuild it again, but achieving this goal depends on the cooperation of Islamic countries and concerted efforts among Muslims of all their sects and intellectual bees; Referring to the words of His Eminence, Imam Khamenei, that “Islamic civilization will not be upright if it is not for the cooperation of Muslims, Sunnis and Shiites.”
The Secretary-General of the World Assembly for Proximity between Islamic Doctrines said: What is expected of the Islamic world today is that we Muslims join hands to establish the “Union of Islamic Countries” as a starting point in the context of building the “new Islamic civilization.”
And he continued, we have a graphic model for the concept of “one Islamic nation”, which we will present during the activities of the third regional conference on Islamic unity, in addition to the proposal to establish a “Union of Islamic Countries”, which contains various aspirations, including the adoption of a unified currency and the expansion of economic, cultural and social relations between Islamic countries; Stressing that the achievement of these goals depends on giving priority to the culture of dialogue and reaching a common agreement among Muslims link
Source: Dinar Recaps
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