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TNT
CandyKisses:
Urgent Cabinet Secretariat announces holiday on September 27
local: Al-Furat News} The General Secretariat of the Council of Ministers announced an official holiday on Wednesday of next week.
A statement by the secretariat of the {Euphrates News} a copy of which was said that “it was decided to disrupt the official working hours, on Wednesday, corresponding to 2023/9/27, in all ministries and state institutions, coinciding with the anniversary of the birth of the Master of Objects and the Messenger of Mercy, the Prophet Muhammad (pbuh).”
90 percent of travelers resort to the parallel market to secure dollars in Iraq – urgent
Baghdad Today – Diyala
The Chamber of Commerce in Diyala Governorate confirmed, on Thursday (September 21, 2023), that 90 percent of travelers outside Iraq resort to the parallel market to secure the dollar.
The dollar exchange rates in Iraqi local markets are witnessing unstable jumps until they approached 160,000 dinars for every 100 dollars, in conjunction with information about American intentions to impose sanctions on new banks that are not committed to the terms of transferring and financing trade using the dollar .
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The head of the chamber, Muhammad Al-Tamimi, said in a statement to “Baghdad Today” that “the rise of the dollar will not stop for several reasons, including 90 percent of travelers outside the country resorting to the parallel market to secure the dollar due to the complexities and ambiguity of the procedures,” pointing out that “he personally did not obtain The dollar through approved outlets at the official rate for the purpose of travel, despite his repeated attempts, let alone simple citizens .”
He added, “The number of travelers is not small, and they constitute a pressing factor on the parallel market because the purchase rate is estimated at millions of dollars per day, which means an increase in demand amid a limited supply, which leads to a gradual rise in the exchange rate,” noting that “the file of selling the dollar at the official rate to travelers needs… “To seriously reconsider and listen to people’s repeated complaints .”
He explained, “The rise in the dollar means an increase in prices, thus draining the pockets of the simple people who are directly affected, in addition to the presence of 11% who are at risk of poverty in all governorates .”
The financial expert at the Baghdad Stock Exchange, Hossam Al-Khaizaran, had previously confirmed that “continuous speculation in hard currency and smuggling still threaten the value of the Iraqi dinar .”
Al-Khayzaran added, “Smuggling and speculation networks have found new ways to avoid the Central Bank’s measures,” calling on “the authorities to take new steps to address the crisis of the deteriorating value of the national currency.”
He considered that “families pay the highest price, because most food items are imported and linked to the dollar, not the dinar,” expecting “a new rise in poverty rates if the dinar’s value decline and instability continue .”
In media statements, economic researcher Ahmed Abd Rabbo called on the Central Bank of Iraq to launch a new reform package that will restore stability to the dollar exchange rates .
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While the Iraqi financial expert, Ziyad Al-Hashimi, confirmed in his blog post that “the scarcity of the dollar supply in the local market has led to new rises in its exchange rates,” expecting “more rises
Tishwash:
An Iranian official reveals the country’s reserves of black gold
The Executive Director of the National Iranian Oil Company stated that Iranian oil production has increased by more than one million barrels per day since the current government took office in August 2021.
Executive Director Mohsen Khojasta Mehr said, “Iran has regained its previous production ranking in the Organization of the Petroleum Exporting Countries.” OPEC, which was registered before the embargo, pointed out that “oil production during the era of the previous government was on average 2.25 million barrels per day, and today it has reached 3.3 million barrels.”
He added, “Within the next 10 days, production will reach 3.4 million barrels per day. He revealed that Iranian oil production will reach the level of 5.7 million barrels per day in the next eight years, and gas production will reach 1.5 billion cubic meters per day.”
He stressed that “Iran’s oil and gas reserves amount to 340 billion barrels, and it has 400 oil and gas reservoirs and is at the forefront of the world in this field, adding that the average recovery in oil fields is 25%, and gas is about 70%.” link
Source: Dinar Recaps
CandyKisses:
The US House of Representatives will hold a session next week to cancel the authorization for the invasion of Iraq
Information/Translation…
A report by the American newspaper Business Insider revealed, on Thursday, that the US House of Representatives will hold a hearing next week on repealing the law that authorized the disastrous American invasion of Iraq in 2003.
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The report, translated by the “Information” agency, stated that “the session that will be held on Thursday Next, according to Council spokeswoman Leslie Shedd, more details will be announced, as the scheduled hearing is expected to address the revocation of the 2002 Authorization to Use Military Force against Iraq and the replacement of the 2001 Authorization to Use Military Force, according to a person familiar with the details of the session’s outline.
The report explained, “This is the first time that the House of Representatives is preparing to formally address this issue since Republicans took control of the House earlier this year, while last March the Senate approved a bill to abolish the authorizations for the use of military force by an overwhelming majority of 66 votes.” 30-30, although dozens of Republicans ultimately opposed it.
He stated that “efforts to revoke the powers to invade Iraq have been stalled for several months in the House of Representatives, which is largely due to the opposition of Republicans with orientations linked to the arms industry in key committees, where hard-liners believe that repealing the law will leave the United States with fewer legal tools to attack.” Targets in Iraq under the pretext of combating terrorism and fighting ISIS,” according to their claim.
He noted that Democratic Representative Gregory Meeks of New York, the committee’s ranking member, introduced a bill earlier this year that would replace the 2001 AUMF with a new authorization more narrowly designed for terrorist hot spots, and would need to be reauthorized. Every 4 years.
Tishwash:
Including Iraq.. These countries dominate gold reserves in the Arab world
The World Gold Council’s report for the month of September showed that the gold reserves of the Arab countries amounted to 1,515.1 tons, while the gold reserves of the countries of the world combined reached 35,664.5 tons.
According to the report, which shows what central banks own in gold, 5 Arab countries account for the lion’s share (about 69%) of the total Arab countries’ reserves of the yellow metal.
According to the report, the countries are: Saudi Arabia (323.1 tons), Lebanon (286.8 tons), Algeria (173.6 tons), Iraq (132.6 tons), Egypt (125.9 tons).
Globally, the United States (8133.5 tons) topped the world in gold reserves, followed in second place by Germany (3352.6 tons), then Italy (2451.8 tons), then France (2436.9 tons), followed by Russia with reserves amounting to 2329.6 tons.
The past years have witnessed a desire by central banks around the world to buy the precious metal in light of economic fluctuations and high inflation rates. link
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The BRICS countries support reform of the United Nations and the Security Council
The foreign ministers of the BRICS countries expressed, during a meeting on the sidelines of the United Nations General Assembly, their full support for the reform of the United Nations and the UN Security Council.
The ministers stressed that reforming the UN Security Council will make it more democratic, increase its efficiency and effectiveness, and enhance the level of representation in it.
The statement of the Council of Foreign Ministers of the BRICS countries, which was published on the Russian Foreign Ministry’s website, stated: “The ministers expressed their support for comprehensive reform of the United Nations, including the UN Security Council, to make it more democratic, representative, efficient and effective, and to increase the representation of developing countries in all categories.” Membership of the Council, so that it can respond appropriately to current global challenges, and support the legitimate aspirations of developing countries in Africa, Asia and Latin America, including Brazil, India and South Africa, so that they can play a greater role in international affairs, especially in the United Nations in the UN Security Council “.
In addition, during the meeting, the foreign ministers of the BRICS countries stressed that the participation of the BRICS countries in the work of the UN Security Council, including Brazil as an elected member for the period 2022-2023, is a valuable opportunity to continue strengthening and raising the value of our dialogue on peace and security issues. international cooperation and to continue cooperation in areas of common interest.”
In turn, the Russian Foreign Ministry noted that the foreign ministers of the group’s countries pointed to “the importance of continuing efforts aimed at increasing the efficiency and effectiveness of the United Nations in implementing the tasks entrusted to it.”
The ministers called for continued cooperation with the aim of improving the United Nations’ resources, management and budget, and preserving the role of member states as the driving force of the United Nations, as well as ensuring more effective monitoring and strengthening of the organization’s activities. link
Sudanese to Russia before the end of the year
Iraqi Foreign Minister Fuad Hussein revealed on Thursday that Prime Minister Muhammad Shiaa Al-Sudani is planning to visit Russia before the end of this year.
The Russian “Novosti” agency quoted the Foreign Minister as saying that the Prime Minister’s visit “will take place this year and in the coming months. We are now in the process of organizing the visit.”
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Last July, the Russian ambassador to Baghdad, Elbrus Kurtashev, said that the Iraqi Prime Minister had accepted an invitation to visit Russia, but the date of the visit had not yet been determined.
The head of the Russian diplomatic mission indicated that such a visit would be an opportunity to discuss issues of concern to the leadership of the two countries, including those of a political and economic nature.
Foreign Minister Fouad Hussein confirmed today, Thursday (September 21, 2023), that Prime Minister Muhammad Shiaa Al-Sudani plans to visit Russia before the end of this year.
Hussein said in an interview on the sidelines of the United Nations General Assembly in response to a question about Sudanese’s invitation to visit Russia: “That may happen this year, within the coming months, and we are working to organize this visit soon.”
Hussein stressed that “relations between Iraq and Russia are still strong, despite the sanctions imposed on Moscow, and the changes in the political environment resulting from the conflict in Ukraine,” pointing out that “Iraq needs Russia’s expertise in maintaining old weapons systems, but the sanctions prevent cooperation”.
He added, “Iraq is committed to the security agreement with Iran and expects a similar position from Tehran,” noting that “Baghdad hopes to achieve progress in the discussions with Ankara regarding resuming oil exports from the Kurdistan region of Iraq.”
Hussein continued: “It would be best for the United Nations General Assembly to discuss achieving peace between Russia and Ukraine because the world needs it.”
The work of the 78th session of the United Nations General Assembly began yesterday under the slogan “Rebuilding Trust and Bridges of Global Solidarity,” and the summit’s work is scheduled to continue for a week. link
Source: Dinar Recaps
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