The G20 summit begins in New Delhi
Information / Baghdad..
Today, Saturday, the G20 summit kicked off in the Indian capital, New Delhi.
Indian Prime Minister Narendra Modi said at the opening of the summit that “the world is suffering from a massive crisis of confidence due to the war,” pointing out that “it is possible to overcome the crisis of mutual trust.”
Modi called on the African Union to “join the G20.”
Modi said in his opening speech, “With everyone’s agreement, I ask the President of the African Union to take his place as a permanent member of the G20.”
Finance is ready to implement the budget law and grant 50% of the outlets’ revenues to Kurdistan
Shafaq News / Finance Minister Tayf Sami said on Saturday that there is no consensus between the Federal Border Ports Authority and the Kurdistan Region on the unification of the pricing of customs duties.
Sami was speaking during her hosting by the Parliamentary Finance Committee in the Iraqi parliament and was attended by a correspondent of Shafaq News Agency.
Our correspondent quoted Sami as saying, “There is no consensus in customs between the federal border crossings and the Kurdistan region, considering that the customs duties in the region are lower than other ports in Iraq, and a good example of this is the entry of cigarettes through the region,” she claimed.
She stressed that “zero’ control must be restored, not only in one location, but in different locations with reduced customs duties in order to reduce smuggling operations.”
The minister expressed her readiness to apply the text of the country’s financial budget law, and that 50% of the revenues of the official border ports will be the share of the provinces in the Kurdistan region,” noting that: There are 5 unofficial border ports in the region.
Concerning the dollar.. America continues to blackmail and central procedures are air in a net!
After several months have passed since the government and the central bank attempted to control the rise in dollar exchange rates, the official and parallel rate gap continues, given the schemes that Washington is pushing to pass its own interests.
As for government measures and the central bank, they are still mere notifications and decisions that do not fatten or satisfy hunger, especially since they did not stand up to the decisions of the United States of America that push to fabricate crises and not find solutions.
Speaking about this file, Member of Parliament Suhaila Al-Sultani accuses the United States of controlling the file of dollar exchange rates in the local markets so far, while she confirmed that the beneficiaries and speculators support the continuity of the current dollar crisis.
Al-Sultani says, in a press interview seen by Taqaddam, that “there are many parties that support destabilizing the economic situation in order to influence the workflow of the current government,” noting that “the application of the budget in the ministries and governorates will not lead to a reduction in the exchange rates of the dollar in the local markets.” “.
And she continues, “America continues to control the file of dollar exchange rates in the local markets until now,” adding that “the United States of America controls the dollar paper in order to subject the Iraqi economy to the decisions and wills that it wants to impose.”
Regarding the internal factors of the dollar crisis, Al-Sultani confirms during her speech: “The beneficiaries and speculators support the continuity of the dollar crisis and the weakening of the value of the Iraqi dinar in order to achieve their personal goal.”
* Blame war!
In addition, a member of Parliament, Thaer al-Jubouri, accuses the United States of America of waging a conspiratorial war to destroy Iraq’s economy, while he directed a request to the Iraqi government regarding methods of dealing with Washington during diplomatic meetings.
Al-Jubouri said, in a press interview seen by “Takadum”, that “the Iraqi government, when it talks with the American side within the diplomatic framework, must bear in mind the criterion of strength and try to obtain advanced and modern technological technologies that benefit Iraq.”
And he adds, “America is leading the policy of economic conspiracy during the current period; to destroy the Iraqi currency and the exchange rate,” stressing “the necessity of referring to this war and not leaving it.”
The member of the House of Representatives explains that “the government and the relevant ministries are required to deal as much as they can with America, and that the conversation be diplomatic with distinction,” pointing out that “Washington, despite its geographical distance from Baghdad, is trying to impose its full control over all joints and focus on Important files such as the economy and development.
* Technical procedures?
For his part, the researcher in economic affairs, Muhammad Al-Saadi, pledges control and control of the exchange rate of the dollar in the parallel market by taking practical technical measures without resorting to methods of arrests or the use of force.
Al-Saadi says in a press interview seen by Taqaddam, “The responsible authorities are working to pursue speculators by applying the law against those who want to harm the Iraqi economy, in addition to being a first step to ensuring the elimination of the differences between the official and parallel market.”
He adds, “The need has become urgent to take decisions related to the technical and financial aspects, which would expand the outlets for selling the currency and allow citizens to buy in limited quantities by setting restrictions or preconditions.”
And he shows that “the problem of exchange and high prices is often suffered by the citizen before the merchant, as the merchants began to go to the official platform to obtain the dollar, while the citizen is still suffering in obtaining the dollar, especially since some citizens go to car dealerships and face difficulty in buying in the dollar.” . link
Source: Dinar Recaps
Iran to remove dollar from tourism ties with regional states – Mehr News Agency (9/9/23)
TEHRAN, Sep. 09 (MNA) – The Governor of the Central Bank of Iran (CBI) announced that the dollar will be removed from tourism exchanges with the countries of the region.
Currently, Iran’s trade transactions with other countries are generally carried out in euro, dirham, yuan, ruble, rupee, and dinar currencies, the CBI governor Mohammadreza Farzin said on Saturday.
Tourism and non-commercial transactions are made with the dominant currencies of the euro and the dollar, Farzin noted.
He further added that removing the dollar from non-commercial and tourist transactions happened for the first time in the country during the Arbaeen pilgrimage this year.
Extending the satisfactory experience of Arbaeen (removing dollar) to other countries in the region is under expert review and operational planning, he added.
Top US chipmakers, tech firms to attend Vietnam meeting as Biden visits | CNA (9/9/23)
HANOI : Top U.S. semiconductors and digital companies including Intel, GlobalFoundries and Google are expected to attend a business meeting on Monday in Hanoi as President Joe Biden visits Vietnam to boost ties, two people familiar with the plan said.
The meeting, which is still being arranged, would confirm U.S. plans to boost Vietnam’s global role in different segments of chipmaking, as part of Washington’s broader strategy to reduce the sector’s exposure to China-linked risks, including trade restrictions and tensions over Taiwan.
Senior executives from Google, Intel, Amkor, Marvell, GlobalFoundries and Boeing are among expected attendees, according to a partial list that a person familiar with the plans discussed with Reuters.
The companies did not immediately respond to requests for comment outside business hours.
The second person familiar with the plans confirmed the presence of several large U.S. chips companies, including Amkor, their Vietnamese partners, such as tech company FPT, and Vietnamese and U.S. top officials, including Secretary of State Antony Blinken.
Semiconductors are expected to be a focal point during Biden’s visit to Hanoi on Sunday and Monday, U.S. administration officials said, as the White House seeks to formally elevate relations with the former foe.
The roundtable has not been announced, and it is unclear whether announcements will be made by any of the companies attending the meeting, which one of the sources said would involve about 30 top executives and officials.
Some of those on the list have already invested or announced investments in Vietnam.
Intel has a $1.5 billion factory in southern Vietnam for assembling, packaging and testing chips, the biggest in its global network, and has had plans to expand it.
Amkor is building near Hanoi “a state-of-the-art mega factory for semiconductor assembly and testing,” Treasury Secretary Janet Yellen said on a visit to Hanoi in July. The company has dozens of open positions on its Vietnam web page.
Chip designing firm Marvell has said it plans to build a “world-class” centre in Vietnam.
U.S. officials have repeatedly said that assembling and designing were the segments of the chipmaking industry where Vietnam was likely to grow faster, although a shortage of engineers could slow the industry take-off.
Vietnam has also ambitions to build its own chipmaking factories, or fabs. GlobalFoundries is specialised in making integrated circuits on wafers for smartphones, cars and other applications.
Vietnam is a major exporter of smartphones and electronics.
An executive at a major U.S. chips firm said the Vietnamese government had been holding meetings with most major chips companies in the country, including Intel, Samsung and Qualcomm, to ask for advice on setting up the country’s first fab.
U.S. officials have also said an upgrade of formal ties with Vietnam could help collaboration on artificial intelligence (AI), a sector in which Google is a major global player.
Vingroup, Vietnam’s largest conglomerate and the parent of Nasdaq-listed electric car maker VinFast, has a unit focussed on AI.
Boeing may announce a deal involving the sale of 50 of its 737 MAX jets, people familiar with the matter told Reuters. Boeing declined to comment.
US President’s visit to Vietnam an important milestone for both countries | Vietnam+ (9/9/23)
Hanoi (VNA) – US President Joe Biden’s State visit to Vietnam will be an important milestone for both countries and help elevate bilateral relations to a new height, said Le Thu Ha, Vice Chairwoman of the National Assembly (NA)’s Committee for External Relations and deputy head of the Vietnam – US Friendship Parliamentarians Group.
Talking to the Vietnam News Agency, Ha said the September 10-11 visit, to be made at the invitation of Party General Secretary Nguyen Phu Trong, is of great significance to bilateral relations, especially amid the 10th anniversary of their comprehensive partnership.
The US is one of the leading partners of Vietnam. Over the recent past, their comprehensive partnership has developed intensively and substantively in priority cooperation areas, including politics – diplomacy, security – defence, economy – trade – investment, education, science – technology, health, environment, settlement of war consequences, and promotion of human rights, with the connections in economy, finance, trade, and investment being a pillar.
The two countries have continued coordinating closely with each other in international and regional issues of shared concern, especially within the framework of the United Nations Security Council and the mechanisms of the Association of Southeast Asian Nations (ASEAN), she noted.
The official went on to say that the US Congress has a particularly important role to play in developing and intensifying the comprehensive partnership with Vietnam, and that parliamentary cooperation is an important part of bilateral ties.
Thanks to both sides’ efforts, the cooperation between the Vietnamese NA and the US Congress has enjoyed great strides as seen in increased mutual visits at all levels, along with meetings and opinion sharing between their specialised agencies, parliamentarians, and assistants to parliamentarians.
US legislators have affirmed that the relationship with Vietnam is among the few issues securing consensus between both the Democratic Party and the Republican Party, as well as between the Senate and the House of Representatives, according to Ha.
She perceived that the outcomes of President Biden’s visit will help elevate the countries’ relations to a new height and in an increasingly substantive manner for the sake of peace, cooperation, and sustainable development.
She also expressed her hope that the two sides will coordinate closely to set up and implement new and more effective bilateral and multilateral mechanisms for economic, trade, and investment cooperation to promote fast and sustainable development of trade and investment links.
Source: Dinar Recaps
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