The Central Bank is waiting to extend letters of guarantee to banking companies

Economy News _ Baghdad – The Central Bank of Iraq announced on Tuesday its intention to extend letters of guarantee to exchange companies.

“Based on what was put forward at the first conference of companies that mediate the sale and purchase of foreign currencies through the desire of some companies to mediate integration, it is decided to delay extending the letters of guarantee to all exchange companies,” the bank said in a statement received by the economy.

“The exchange companies will be informed by the amount of the guarantee letter to the company’s capital to be determined later,” the bank said.

The Central Bank decided on January 9 that the period of validity of letters of guarantee issued by banks for the benefit of companies to mediate the sale and purchase of foreign currency for six months instead of one year.

A letter of guarantee is a pledge issued by the bank at the request of the customer in which the bank undertakes to pay the value of the letter to the account of a third party, the beneficiary in the event of a claim to pay it from within a certain period.

Economy-news.net

Deputy: The budget of 2019 will be ready to vote on this date

(Baghdad: al-Furat News) The MP for the reform alliance Badr al-Ziadi said the federal budget law for the year 2019 will be ready to vote in parliament on Thursday.

He said in a statement to the agency {Euphrates News}, today that “ongoing meetings by the Finance Committee parliamentary amendments on the budget of 2019,” noting that “there are many objections and more than 130 amendments to the budget.”

“There are transfers from one ministry to another and thus the budget will be ready to vote on Thursday,” Ziadi said. is over

Alforatnews.com

Dollar decline in Baghdad today

Baghdad: foreign currency markets in Baghdad, on Monday morning, a slight decline in the exchange rate of the US dollar against the Iraqi dinar.

The market price in the Kifah Exchange in Baghdad was 1197.5 dinars per dollar, or 119 thousand and 750 dinars per hundred dollars.

The prices of selling and buying dollars in banking companies, was:

the sale price of one dollar 1202.5 dinars, or 120 thousand and 250 dinars per hundred dollars.

The purchase price of the dollar is 1192.5 dinars, or 119 thousand and 250 dinars per hundred dollars.

Foreign Exchange Rates, Gold and Oil, {up to the preparation of this news}:

EUR World Price: 100 Euro = 113.75

GBP The World Price: 100 Bounds = 128.77

Turkish Lira World Price: 100 $ = 534.17 Turkish Lira.

The price of a barrel of Brent crude oil = 62.93 dollars, the

price of a barrel of US crude oil = 54.30 dollars

Alforatnews.com

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Central Bank: The preparation of exchange companies in Iraq is the largest in the region

Central Bank – The preparation of exchange companies in Iraq is the largest in the regionThe governor of the Central Bank Ali Alalak, on Monday, the possession of Iraq exchange companies are the largest in the region and a number of countries in the world, stressing that these companies are not just “small shops.”

“The number of exchange companies in Iraq is the largest in the region, but the largest in many companies located in the countries of the world,” he said, noting that “this reflects the importance of these companies and their role and the nature of the economic reality in the country.”

“The Central Bank is maintaining the stability of the exchange rate, which is a goal to achieve real growth and stability, which is the essence of monetary policy to achieve economic stability in the country and exchange companies are playing an important role in this framework and any imbalance will be reversed,” adding that ” Companies and make them close to keep pace with developments in the world. ”

Al-Alak pointed out that “the bank asked exchange companies to take steps is to assemble companies from the forces capable of development and keep pace with global development,” pointing out that “some companies have forgiven for several reasons.”

Alaq said that the world is currently living in an era where these companies can not be just a small shop that opens in a short time and closes at a certain time, but they must perform vital work and provide services parallel to financial institutions.

Most of the private banks and exchange offices in Iraq rely heavily on the central bank auction to obtain profits without performing its credit work.

Burathanews.com

The supervisory and auditing bodies meet in the Central Bank of Iraq

Baghdad today – The supervisory and auditing bodies in the Iraqi Central Bank, on Sunday, held a meeting, chaired by the Governor of the Bank, Ali Al-Alaq.

The central bank said in a statement, received (Baghdad today) a copy of it, that “a meeting of the bank held today under the chairmanship of the Governor, and the presence of the President of the Office of Financial Supervision, the head of the board of Securities, and the captain of accountants and auditors, and Vice-President of the Iraqi Association of Certified Public Accountants, and representatives of international audit firms (KPMG, Ernst & Young, Price Waterhouse Coopers). ”

The statement added, “The meeting dealt with prospects for professional work and legal requirements with respect to auditing professions and provide professional consulting provided by those companies.”

The participants stressed the importance of the role played by these companies in different aspects, and the need to establish legal frameworks for auditing and advisory functions.

The statement said, “It will be a meeting later held at the headquarters of the Association of Accountants and Auditors to adapt the things that were trading between the various entities replaced.”

Baghdadtoday.news

Monitor the movements of “strange” within the “Central Bank” of Iraq!

Baghdad / Sky Press – Witnesses, monitored strange movements, within the Central Bank of Iraq, for two consecutive days.

Witnesses said that the bank witnessed the entry of cars carrying, at night, without knowing the type of cargo being taken out of it, pointing out that the process lasted two consecutive days.

The Central Bank of Iraq, located in the capital Baghdad on Al-Rashid Street, was founded in 1947 and was formerly known as the Iraqi National Bank.

Skypressiq.net

Iraqi PM Sends Two New Names of Ministerial Nominees to Parliament

ERBIL – Iraqi PM Adil Abdul-Mahdi has sent a couple of new candidates for the ministerial posts of education and justice, according to an official document signed by the premier.

Abdul-Mahdi has urged the parliament to vote for the new ministerial nominees, including Safana al-Hamdani as the Education Minister and Arkan Bibani, who is originally from the disputed Kurdish province of Kirkuk, for the position of Justice Minister, the document showed.

The Iraqi leader explained that he had chosen the two candidates after a series of consultations with the political parties.

However, it is not clear when the Council of Representatives will vote on the new nominees, while the ministries of defense and interior have so far remained vacant.

Basnews.com

Parliament completes reading of my draft legal fund for the recovery of Iraq’s funds and amending the Companies Law

[Ayna-Baghdad] The House of Representatives in its 26th session, held under the chairmanship of Mohammed al-Halbusi, President of the Council, on Wednesday, in the presence of 196 deputies, the first reading of the draft laws.

“At the beginning of the session, President Halabousi decided to postpone the consideration of the appeals filed on the validity of the membership of some members of the House of Representatives because of the availability of a quorum of two-thirds of the number of deputies,” a statement by the Information Department of the House of Representatives.

Then Attwan al-Atwani was sworn in as a deputy in the House of Representatives.
The Council ended the first reading of the draft law of the first amendment to the law of the Fund for the recovery of Iraq’s money No. 9 of 2012, submitted by the committees of integrity and finance for the purpose of determining the link of the fund to recover the money of Iraq and the addition of members of its Board of Directors and grant authority to the Board of Directors to grant bonuses to informants and according to the role of each.

The Presidency of the Council decided to postpone the first reading of each of the draft law of the first amendment of the Integrity Commission Law No. 30 of 2011, submitted by the Integrity and Legal Commissions, civil society institutions, parliamentary development and the draft law on illegal gain submitted by the Legal and Financial Committees.

The Council completed the first reading of the draft law amending the Companies Law No. 21 of 1997 submitted by the Economic and Investment Committee because there is a need to establish holding companies in order to support the national economy and to regulate their legal provisions and facilitate the procedures for applying for the establishment of companies and to enable the Council of Ministers to establish holding companies in ministries And the entities not affiliated with the Ministry or the conversion of public companies to holding companies or the exclusion of some companies from the provisions of the law and to regulate the contribution of foreign capital in joint stock companies and limited and to increase the amounts collected under the law and enable the Minister of Trade – Look at it.

Alliraqnews.com

PM: Every corruption will be targeted

Prime Minister Adel Abdul Mahdi, during his chairmanship of the second meeting of the Supreme Council for the fight against corruption at its new headquarters in the Iraqi Supreme Criminal Court, on Wednesday, that all corruption will be targeted. Abdul Mahdi said in a statement received ” The efforts of the Office of Financial Supervision issued its latest report, which showed significant differences in the disbursement of pensions, which confirms the positive role of regulatory institutions and the need to support, “stressing that” every corruption will be targeted. “He added Abdul Mahdi,” The role of the Council is the coordination process Level “The aim of the restructuring of the Supreme Council for Combating Corruption is to enable it to take deterrent measures and to provide financial, security and legislative support to the anti-corruption process and accelerate it,” he said.

Faceiraq.net