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TNT
Tishwash:
Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading
Mazhar Muhammad Salih, the financial advisor to the Prime Minister, confirmed that the geopolitical controls imposed on informal trade contribute to expanding dealings with official outlets for foreign currency, which contributes to financing foreign trade through the sound international financial system.
He pointed out in his statement to {Euphrates News} that “this shift aims to move away from informal financing from the parallel dollar market intensively, especially with the change in the behavior of small traders in avoiding the parallel market linked to the countries’ regional and geopolitical problems.”
Saleh added that “this shift comes in the context of the importance of increasing Iraq’s foreign reserves and confronting money smuggling operations, in addition to facilitating external transfer operations through Iraqi banks that deal with international banking correspondents, at an official exchange rate of 1,320 dinars per dollar.”
He also stressed that the end of the compliance platform phase adopted by the Central Bank of Iraq in the past two years and the country’s entry into a new phase has contributed to providing great flexibility in financial transfers through official channels. link
Al-Sudani receives a delegation from the Chinese company (Power China) to review the projects it is implementing in Iraq
Prime Minister Mohammed Shia Al-Sudani received today, Sunday, the CEO of the Chinese company (Power China) Chen Guan Fu, and his accompanying delegation.
A statement from the Prime Minister’s Office stated that during the meeting, the projects implemented by the company in Iraq were reviewed, including solar energy projects, combined cycle projects and gas stations, within the framework of government orientations seeking to diversify energy sources.
Al-Sudani was briefed on the plans and procedures followed to implement these projects, and the mechanisms for expanding the work of the Chinese company based on the plans set by the government, in addition to discussing joint projects with the Iraq Development Fund, especially in the field of investing and implementing clean and renewable energy projects in Iraq. link
Masa’iya” will return next Sunday.. The Iraqi parliament suspends its sessions this week
A source in the Iraqi parliament reported on Sunday that the parliament presidency has suspended sessions this week, and that they will resume next week.
The source told Shafaq News Agency, ” The Iraqi Parliament Presidency informed the representatives that there will be no parliament session this week.”
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He added that ” the council will resume its regular sessions on Saturday or Sunday of next week,” indicating that “the sessions will be held in the evening after breakfast.”
Last week, the member of the Parliamentary Legal Committee, Mohammed Anouz, revealed to Shafak News Agency that the Parliament sessions during the month of Ramadan will be in the evening, i.e. after breakfast, to ensure the continuation of legislative work before the end of the current session .
It is noteworthy that the current session of the Iraqi Council of Representatives began on January 9, 2022, and is scheduled to continue for four years, which means that it will end on January 8, 2026 .
According to the amended E*******l Law No. 12 of 2018, legislative e*******s must be held 45 days before the end of the parliamentary term .
Accordingly, the next e*******s are expected to be held in late November 2025 . link
Source: Dinar Recaps
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