Economist: Switching to electronic cards will allow the Central Bank to track the movement of the dinar

Information / Baghdad… Economic expert, Safwan Qusay, confirmed on Tuesday that the shift towards adopting electronic cards in financial transactions will allow the Central Bank to track the movement of the dinar, pointing out that working with cards will contribute to launching projects, creating new job opportunities, and ensuring that currency is not stored inside homes.

Qusay told Al-Maalouma, “The Central Bank will be able to track the movement of the dinar through the Ministry of Oil’s procedures to activate electronic cards at fuel filling stations, as well as reduce cases of corruption that may occur when supplying generator owners with kerosene.”

He added, “The more the federal ministries expand their procedures to shift toward electronic cards in financial transactions, the more they will be able to convert transactions from paper dinars to electronic ones that go directly into the banking system.”

He stated that “working with the electronic system for trading in the dinar will allow the currency to be moved instead of storing it in homes and companies. It will be placed in the banking system and re-injected in the form of projects and job opportunities.”

Almaalomah.me

Parliamentary Integrity: We are determined to activate the laws in force to combat corruption

Information / Baghdad… Member of the Parliamentary Integrity Committee, Hamid Al-Shablawi, confirmed on Tuesday the failure of the supervisory authorities to implement anti-corruption laws, indicating that his committee seeks to amend the anti-corruption laws.

Al-Shablawi said in an interview with the Maalouma Agency, “There are joint efforts with the executive authority in order to activate the laws in force to combat corruption.”

He added, “The laws enacted after 2003 and until now have not been implemented by successive governments due to the lack of real implementation mechanisms to fight corruption.”

He pointed out that “Parliament is determined to establish clear mechanisms to properly implement the upcoming anti-corruption laws to serve the public interest,” calling for “more efforts to activate the effective anti-corruption laws.”

A member of the Parliamentary Integrity Committee, Doha Al-Qasir, had confirmed in a previous interview with Al-Maalouma that her committee was heading towards legislating laws that support the Integrity Commission, noting that the legislative and judicial structure is an integrated system to combat corruption.

Almaalomah.me

The rule of law calls for the expulsion of the American ambassador… Iraq will not be stable with her presence

Information / private… Today, Tuesday, the leader of the State of Law coalition, Ibrahim Al-Sakini, called on the government and parliament to end the movements of the American ambassador and her provocative statements after the bombing of the Popular Mobilization Forces, while stressing that these statements revealed the falsity of the advisors’ claim.

Al-Sakini said, in an interview with the Maalouma Agency, that “the ambassador’s statements and the claim of self-defense are nothing but an acknowledgment of the presence of military combat forces inside the American bases,” noting that “the continued bombing of the Iraqi security forces is tantamount to war on the country.”

He continued, “Iraq will not reach a stage of calm and stability unless the work of the American embassy is terminated and the current ambassador is expelled,” pointing out that “the consequences of removing the embassy and ending the American presence will not be more difficult than the current stage, whatever it may be.”

The leader of Al-Maliki’s coalition concluded his speech: “If the government is unable to close the American embassy, ​​the people will have another position,” adding that “the statements of the American ambassador, Elena Romanowski, revealed the falsity of the claim of military advisors and trainers.”

Former MP Ayoub Al-Rubaie described, in an interview with the Maalouma Agency, that “US Ambassador Alina Romanowski’s tweet about justifying the bombing of the Popular Mobilization Forces is a transgression against the blood of Iraqis.”

The American ambassador continues to violate the law and diplomatic norms through suspicious movements, as well as provocative statements to citizens after the brutal American bombing on the government Popular Mobilization Forces in Kirkuk and Jurf al-Nasr.

Almaalomah.me

Al-Rasheed opens the dollar purchasing platform for travelers this evening

Shafaq News / Al-Rashid State Bank announced on Tuesday that it will open the dollar purchasing platform for travelers wishing to buy it for travel purposes, at eight o’clock this evening.

The bank’s media office said in a statement received by Shafaq News Agency, “The new mechanism requires advance reservation for the traveler by entering the link on the bank’s official page to obtain the reservation that enables him to visit the branch to deliver Iraqi cash and receive the dollar from the bank branch inside Baghdad International Airport.”

The bank added, “With this procedure, it will be easier for the citizen to purchase the dollar smoothly, and we will confirm that the data is entered in the fields correctly so that the reservation process is completed successfully.”

Shafaq.com

The President of the Republic: There is no dollar crisis in Iraq

Iraqi President Abdul Latif Rashid denied the existence of a “dollar crisis” in his country, while indicating that American forces would never return to Iraq.

Rashid stated in a television interview that the Federal Supreme Court made its decision in the case of terminating the membership of the Speaker of the House of Representatives “based on the laws,” noting that Al-Halbousi accepted the decision.

The Iraqi President continued: “Now we have begun a new phase to fill the seat of Speaker of Parliament by electing a candidate from among the members of Parliament, and there is currently a first deputy and a second deputy Speaker of Parliament to manage matters, and in a democratic atmosphere these are normal things.”

Regarding the country’s economic situation, and his recent visits to Azerbaijan and Armenia, the Iraqi president stressed “the need to attract investments from various friendly countries.”

He said: “The situation in Iraq now is good from a security standpoint, and this has a significant impact on economic stability. Until a few years ago, we suffered from the repercussions of security instability on the economy. We are ready to implement the government’s program that aims to improve infrastructure in all areas, including That includes energy, water, housing, roads, bridges, etc.

He continued: “At the same time, our focus is on providing services to the Iraqi people, as the country suffers from an old state of neglect, and the government is taking seriously to improve the service situation in terms of education, health, agriculture and other fields. We encourage cooperation with investors, and starting energy, water and agricultural projects, not Especially since Iraq’s budget is now better than before.”

In response to what is being raised about the dollar crisis in Iraq, Rashid stressed that there is no dollar crisis, and that the issue is related to the change in the dollar exchange rate from time to time.

He added, “Until recently, Iraqi markets were open to any foreign currency, and this does not help the Iraqi currency. Therefore, we took some measures to strengthen the dinar’s strength and control the market.”

The Iraqi President stressed that his country’s economic situation is good, both on the general level and on the individual level, but at the same time he pointed out that there are problems related to unemployment and others: “We hope to improve the situation and encourage the private sector to contribute to providing job opportunities for university graduates.”

In a separate context, Rashid stressed that American forces will never return to Iraq, noting that the joint agreements between Baghdad and Washington stipulate “cooperation in combating extremist groups.”

Rashid added, “We have agreements with the United States and the international coalition, and now most of their activities are focused on training the Iraqi security forces and fighting ISIS in some border areas.”

Regarding the Israeli war in the Gaza Strip, the Iraqi president said: “We feel pain as we witness the tragedy that the Palestinian people are experiencing. We condemn the ongoing aggression against the people of Gaza and the killing of children. We demand an end to the fighting and the continuation of negotiations to find a solution to the Palestinian issue in general.”

He added: “We are in Iraq at the popular and governmental levels, and the Presidency of the Republic is with the Palestinian people, and this has always been our position.”

He continued: “We support the Palestinian people achieving all their rights, including building their independent state stipulated in United Nations resolutions.”

Almutalee.com

Parliamentary Integrity forms a committee to follow up on the dollar file

Information / Baghdad.. Today, a member of the Parliamentary Integrity Committee, Doha Al-Qasir, revealed the formation of a small committee within the committee to follow up on the dollar file in the Central Bank of Iraq.

Al-Quseir said in an interview with the Maalouma Agency, “Parliamentary Integrity formed a small committee to follow up on the issue of the rise in the price of the dollar with the Central Bank and find solutions as quickly as possible.”

She added, “The mini-committee will submit its report in detail to Parliamentary Integrity to clarify the reasons for the rise in the dollar and the parties involved in the case.”

Al-Qusair explained, “There are other committees formed to follow up on the files and according to their specializations to exercise their oversight role accurately,” stressing that “the mini-committee is continuing its work in cooperation and coordination with the Central Bank.”

Member of Parliament Hadi Al-Salami had previously confirmed the absence of transparency standards in the Central Bank auction, pointing out that the Central Bank hides the details of its daily bulletin of hard currency sales.

Almaalomah.me

A new step may fluctuate the dollar exchange rates… What do economists think?

Information / private… Today, Sunday, the economic expert, Abdul Rahman Al-Mashhadani, explained the impact of the approval to enhance the dollar balance of 10 banks on exchange rates in local Iraqi markets, while explaining the repercussions of the decision.

Al-Mashhadani said, in an interview with the “Al-Ma’louma” agency, that “visiting the dollar balance of ten banks will be one of the factors that will reduce the pressure on the dinar, because a portion of the financial transfers that pass through the electronic platform are rejected for some reason or not,” indicating that “the past few days It witnessed the rejection of 80% of foreign remittances.”

He added, “The pressure will also be eased on the dinar, because the transfer transactions, or the parties to whom they are transferred, instead of being audited by the US Federal Bank, will be audited by JP Morgan,” pointing out that “the latter’s scrutiny is more severe than the Federal Reserve Bank.”

The economic expert explained, “These banks have relationships, as partners, with international banks such as Al-Qantar National Bank, Capital Bank, and Kuwait Finance Bank, in addition to the Kuwait National Bank,” noting that “it is true that these banks are Iraqi, but the entry of the founding partners of these international banks organized “To them.”

Al-Mashhadani stated, “The transfer mechanism will pass without the Central Bank of Iraq, especially after transfers were delayed by 8-20 days. However, using this method, it is possible to pass financial transfers within a day or two.”

Earlier today, a government source revealed an Iraqi-American agreement to enhance the balance of 10 banks in dollars in light of the recent meetings of the Central Bank with the American side, five of which were through Citibank, and the other five through JP Morgan.

During the current period, the exchange rates of the dollar in the local markets are witnessing a significant increase, as the exchange rate of 100 dollars reached more than 164 thousand dinars, in light of large sales to the Central Bank of Iraq, on a daily basis.

Almaalomah.me

New negotiations between Baghdad and the region to pass the oil and gas law

Information / Baghdad… On Sunday, the representative of the Patriotic Union of Kurdistan, Nermin Maarouf, revealed the existence of a new round of negotiations between Baghdad and Erbil to resolve the outstanding differences between the two parties and reach long-term strategic agreements.

Marouf said in an interview with the Maalouma Agency, “Ending the disputes between Baghdad and the center regarding employee salaries, as well as focusing on legislating the oil and gas law.”

She added that “the lack of consensus between the political blocs is the main reason for delaying the approval of the oil and gas law,” stressing “the necessity for the two parties to reach long-term strategic agreements through which the oil and gas law will be approved.”

She continued, “The oil and gas issue and other issues are still thorny between the two parties, and we hope to reach final agreements regarding them.”

The representative of the Kurdistan Democratic Party, Sharif Suleiman, confirmed to “Al-Ma’louma” that “the oil and gas law is still with the formed government committee for consideration,” pointing out that the Kurdistan Region submitted a law proposal to the formed committee.

Almaalomah.me

New details about the Iraqi-American agreement regarding the dollar and the inclusion of 10 banks by enhancing their balances

Shafaq News / An Iraqi government source revealed, on Sunday, new details regarding foreign transfers and enhancing bank balances in dollars.

The official Iraqi News Agency quoted the source as saying, “In light of the recent meetings of the Central Bank with the American side, the number of banks that can directly boost their dollar balance has become ten banks, five through Citibank and five other banks other than the first through Citibank.” JP Morgan.

The source pointed out that “the number of banks whose balances in Chinese yuan will be enhanced through the Singapore Development Bank will become 13 banks.”

The source added, “Two banks will have their Indian rupee accounts with the Singapore Development Bank increased, and other banks will be added during the next two weeks.”

Yesterday, Saturday, a government source revealed that intensive meetings took place during the past few days in Abu Dhabi between a delegation from the Central Bank of Iraq and the American side responsible for foreign transfer operations to cover imports, indicating that the negotiations culminated in a number of decisions and mechanisms that contribute to facilitating special procedures. External transfers related to imports through the foreign currency sales window.

Shafaq.com

Kurdish expert: An atmosphere of optimism and seriousness prevails in the negotiations in Baghdad and Erbil regarding the region’s oil

Shafaq News / The Kurdish oil expert, Govted Sherwani, confirmed on Sunday that an atmosphere of optimism and serious intentions prevails in the dialogue between Baghdad and Erbil to reach an agreement on the Kurdistan Region’s oil file and the nature of the joint mechanism for its management, which has become a necessary issue because it affects Iraq’s revenues, especially with the rise in global crude prices.

Sherwani said in an interview with Shafaq News Agency, “The visit of the Federal Minister of Oil and his accompanying delegation today to Erbil reflects the seriousness of the Iraqi government, especially with the presence of a delegation that includes administrative and technical leaders in the ministry. This means that the tactical, administrative and financial aspects of resuming the process of exporting the region’s oil will be talked about.” “Which we hope will happen as quickly as possible.”

Regarding the dispute between the two sides, Sherwani explained that “the dispute between the two sides revolves around the vision and perspective of the oil law, as the vision in the region is based on strengthening the reality of the federal status of the Kurdistan government, the institutions present in it, and the constitutional status.”

He added, “While the vision in Baghdad is moving towards centralization, and according to Article 112 of the Constitution, it guarantees clear participation between the federal government and the oil-producing regions and governorates, this article is supposed to be taken into account clearly in distributing the tasks and responsibilities of managing the oil file, which we hope will be addressed professionally and practically.” On political and partisan influences.

Regarding the cost of oil production in the region, Sherwani said, “The estimates that were placed in the federal budget for oil production and transportation are $12 per barrel for production, and $7 for transporting one barrel, while the estimates presented by the Ministry of Natural Resources in the region amounted to $24 for production and $8.” For transportation, and these expenses are normal, given that the entire process of oil production and transportation is managed by foreign private companies, some of which are local, and these companies have operational and investment expenses.”

He pointed out that “these numbers are realistic and close to what is paid to similar foreign companies contracting with the Federal Ministry of Oil within the so-called licensing rounds.”

Shafaq.com