The Central Bank of Iraq announces the prices of bullion and gold coins.
The Central Bank of Iraq announced, on Sunday, the prices of gold bullion and coins.
The Central Bank of Iraq announced, on Sunday, the prices of gold bullion and coins.
The most important thing was mentioned in the speech of the Prime Minister, Mr. Mustafa Al-Kazemi, during laying the foundation stone for the project (FCC) of the Southern Refineries Company to enhance the production capacity of improved gasoline. ..
Prime Minister Mustafa Al-Kazemi announces that the Central Bank’s foreign currency reserves have risen to more than 60 billion dollars, after it was 51.9 billion before the initiation of the reform measures of this government. The increase came as a result of the reform measures taken by the government after many gambled on its failure and failure to continue.
We succeeded in stopping the waste and the great corruption in the notorious Central Bank auction, and we are continuing with our procedures, and we will not stop.
Our anti-corruption measures continue despite the obstacles that some try to put in place, but we will continue without retreat.
We have accomplished many projects in the southern provinces that are deprived due to wars and mismanagement, and we are working with all efforts since we received this government to bring justice to these cities and all regions of Iraq.
We have overcome many challenges and are working to put the country on the right path.
What we ask of our people is patience and a spirit of hope.
Media Office of the Prime Minister
The Minister of Planning, Khaled Battal Al-Najm, announced, on Wednesday, the allocation of 4 trillions to the provinces, while he confirmed the allocations for the development of regions, which are good within the current year’s budget.
The media office of the Minister of Planning stated, in a statement that Al-Ahed News received a copy of, that “Al-Najm chaired an expanded meeting of the governors, in the presence of Kazem Al-Sahlani, secretary of the Supreme Coordination Committee for the provinces.”
Al-Najm affirmed, “The Ministry of Planning’s support for the efforts of local governments to enable them to accomplish their tasks, foremost of which is the implementation of service and investment projects in each governorate.”
He pointed out, “The Ministry has put in place easy and accessible mechanisms to ensure the completion of projects according to their timing, and in a way that contributes to providing services to citizens,” noting that “there are new powers for governors, including the possibility of transfer between the doors, and spending on the development of regions.”
He pointed out, “Establishing important measures that will be announced, to deal with the effects of changing the exchange rate on contractors,” calling on the governors “to focus on continuing projects, especially projects that have witnessed advanced completion rates.”
He added, “The Ministry of Planning will provide the best conditions to assist the provinces in implementing their projects, in accordance with the legal mechanisms.”
For his part, the Secretary of the Supreme Coordinating Committee for the Governorates, Kazem Al-Sahlani, confirmed that “the Ministry of Planning today plays an important and vital role in supporting the efforts of the provinces, indicating that the approval of the budget law in the first quarter of the year will provide a good time space for the governorates, to move forward in the achievement Projects, with the availability of appropriate financial allocations.
According to the statement, the meeting “discussed a number of issues related to the mechanisms for implementing ongoing projects, and the inclusion of new projects within the regions development program for 2021, according to the financial allocations allocated to each governorate.”
The governors emphasized that “the easy measures taken by the Ministry of Planning have contributed to and contribute to creating a state of stability, which will positively affect the implementation of projects.”
Baghdad – The Iraqi government announced today, Saturday, the start of a financial reform process that will strengthen and protect the Iraqi economy.
Finance Minister Ali Allawi said in a video clip published by the ministry today, Saturday, on Twitter: “We started with reforms. We have started the process of automation, and reforms related to the currency and the exchange rate, as part of measures aimed at strengthening the Iraqi economy.”
In a new government promise, he added, the citizen will see an improvement in light of the results that will happen, in improving the performance of the state and employees, especially in the operations of citizens.
And he added that the state will transform from a state that complicates and obstructs, to a state that helps and serves, and all this will be done through the process of modernizing devices through responsible and efficient policies.
It is noteworthy that a strong popular opposition is facing the state’s policy of raising the exchange rate of the dollar against the Iraqi dinar by 148 dinars per 100 dollars.
Based on the fraternal and historical ties between the Republic of Iraq and Kingdom of Saudi Arabia and their peoples, and a desire to develop relations on solid foundations, foremost among which are Arab and Islamic brotherhood, the spirit of good neighbourliness and common interests, and in response to an invitation from the Custodian of the Two Holy Mosques King Salman bin Abdulazizz Al Saud, Mustafa Al-Kadhimi, Prime Minister of Iraq, visited the Kingdom of Saudi Arabia on 31 March 2021.
Talks were held between Prime Minister Kadhimi and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince, Deputy Prime Minister and Minister of Defence, which dealt with the prospects for bilateral cooperation between the two brotherly countries and ways to enhance relations in all fields.
Views were also exchanged on issues of concern to the two countries, on regional and international affairs to support and strengthen security and stability in the region and world.
The two sides praised the results of the virtual meeting that took place between the Prime Minister of Iraq and the Custodian of the Two Holy Mosques on 25 March 2021, and the two sides emphasized the importance of the issues discussed especially with regard to strengthening relations between Iraq and Saudi Arabia, and enhancing the work of the Iraqi-Saudi Coordination Council.
They stressed their determination to reinforce cooperation and coordination between the two countries in a way that serves common interests in political, security, military, commercial, investment and tourism fields.
They praised the achievements of the Iraqi-Saudi Coordination Council and urged their relevant ministries and government bodies to follow up the implementation of the various agreements and memoranda of understanding signed between the two countries to strengthen relations, address common challenges and build on the positive results of previous mutual visits between officials of the two countries.
They also stressed the importance of continuing cooperation and coordination in facing the threats of extremism and terrorism, which are a threat to the region and the world, through sharing expertise and experiences between the security bodies of the two countries, increased cooperation to secure the Iraq-Saudi border and to continue supporting the efforts of Iraq in cooperation with the international coalition to confront the remnants of the Daesh terrorist organisation.
The two sides agreed on the following:
1. Establishing a $3 billion joint Iraqi-Saudi fund, as a contribution from the Kingdom of Saudi Arabia to promote investment in the economy of the Republic of Iraq, for the benefit of the Saudi and Iraqi economies, with participation of the private sector in both countries.
2. Cooperation in the fields of energy and renewable energy and implementing the Iraqi-Saudi Coordination Council’s joint action plan to continue cooperation in the oil sector, within the scope of work of the Organization of Petroleum Exporting Countries (OPEC) and commitment to the OPEC+ agreement to ensure the stability of the global oil market.
3. Completion of the GCCI electrical interconnection project due to its importance for both countries.
4. Enhancing coordination in mutual diplomatic support within the framework of multilateral diplomacy.
5. Enhancing investment opportunities for Saudi companies and inviting them to expand their activities and reconstruction efforts in Iraq.
The Republic of Iraq appreciated the participation, pledges and contributions of the Kingdom of Saudi Arabia in the Kuwait Conference for the Reconstruction of Iraq, which was held on 12-14 February 2018. Iraq also appreciated the support of Saudi Arabia to help combat the Coronavirus pandemic.
Iraq also commended the announcement by Crown Prince Mohammed bin Salman Al Saud on the Saudi Green Initiative and the Green Middle East Initiative to protect the environment and reduce carbon emissions, and Iraq will work with the Kingdom of Saudi Arabia to support the goals of these initiatives.
The bilateral agreements signed by the two sides included:
…an agreement to avoid double taxation, an agreement to cooperate in the fields of economic diversification and private sector development, a cooperation agreement between the Saudi Contractors Authority and the Iraqi Contractors Union to support the reconstruction of Iraq, and an agreement for financing Saudi exports to Iraq.
Two memoranda of understanding were also signed between the Iraqi Media Network and the Saudi Broadcasting Authority, and between the King Abdulaziz Foundation for Research and Archives and the Iraqi National Library and Archive.
On regional issues, the two sides agreed to intensify cooperation and coordination on the issues of concern in regional and international affairs and to deescalate tensions to support and strengthen the security and stability of the region. The two sides stressed the importance of security and stability in the region, and urged all neighbouring countries to adhere to the spirit of good neighbourliness and non-interference in the domestic affairs of countries. Prime Minister Kadhimi affirmed his support for the initiative of the Kingdom of Saudi Arabia to end the Yemen crisis.
Prime Minister Kadhimi expressed his thanks and appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saudi, to His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz, the Deputy Prime Minister and Minister of Defence, and to the Government of Saudi Arabia for their warm reception of the Iraqi delegation and their hospitality.
MP for the Badr Parliamentary Bloc Uday Shaalan Abu Al-Joun called the Presidency of the House of Representatives to set an urgent date for an emergency session in the presence of the Governor of the Central Bank to find out the repercussions of high market prices due to the insistence not to reduce the exchange rate, warning against interrogating the governor The Central Bank, as a prelude to his dismissal, in case it sticks to its positions that are not in the interest of Iraq and its people.
Abu Al-Jun said in an interview with Alsumaria News, “The Al-Fateh Alliance in general and the Badr Bloc, especially when it participated in the voting session on the budget, despite its reservations on many of its articles, especially with regard to the exchange rate of the dollar against the dinar, it was a matter of paying the greatest damage in order not to say that we obstruct Passing the budget that the Iraqi people have been waiting for so long.
Abu Al-Joun added, “Today, after the budget has passed, this matter does not mean that the exchange rate has become a thing of the past and will not be reduced. Rather, we will work continuously to pressure the executive authority and the Central Bank to reduce it and take immediate measures to address the economic crisis and the rise in prices in the market,” pointing out that “” And within the first steps, the Presidency of the House of Representatives is required to hold an emergency session as soon as possible in the presence of the governor of the Central Bank devoted to discussing the exchange rate and the reasons for the central bank’s insistence not to reduce it.
Baghdad today – Baghdad: An informed source said, today, that the auction to sell the currency at the Central Bank has been suspended for a week due to the failure of banks to submit their requests to buy the currency.
The source stated in an interview with (Baghdad Today), that “the auction of selling the currency has stopped since Wednesday 3/31/2021, due to the failure of banks to buy the currency from the auction, fearing that the budget will be approved in a timely manner and its impact on the exchange rate.”
He added, “The banks have enough reserves for trading for a number of days without buying from the auction selling the currency and a number of banks have submitted a request to buy the currency from the auction, but the auction will resume on next Sunday, that is, the beginning of the new week.”
On the other hand, a source in the Central Bank said, “A number of banks submitted their requests on Sunday and Monday to the Central Bank to buy the currency from the auction.”
He added in an interview with (Baghdad Today), that “the submission to obtain the currency from the auction takes place a week ago,” indicating that “the work returned naturally in the auction and the banks did not submit last week, due to speculation about returning the old exchange rate and approving the budget.”
Today, the Iraq program discussed several axes, including the Al-Kazemi Gulf tour and efforts to restore bridges of confidence. Iraq is seeking the help of the international community to recover its smuggled funds.
Governor of the Central Bank, Mustafa Ghaleb Makhaif, confirmed, on Thursday, that Iraq is implementing it’s reform plans.
The Central Bank said in a statement that Mawazine News received a copy of, that “his governor participated, as a representative of Iraq, in the spring meetings of the International Monetary Fund.” He stressed during a speech delivered at the meeting, “Iraq is implementing it’s reform plans towards fiscal and monetary policy.”
He pointed out, “The Corona pandemic was and still is one of the obstacles facing the Iraqi economy despite the proactive measures that the central bank or the government worked on,” stressing, “the country’s keenness on international and regional openness in a way that serves Iraq’s economic and financial interests.”