Economic: Determining another path to development away from the control of the region

Information / Baghdad… Economic expert Nabil Al-Ali confirmed today, Wednesday, that the negotiations taking place between the federal government, Turkey, and a representative of the Kurdistan region are in order to determine the crossing point to Turkey on the road to development.

Al-Ali told the Maalouma Agency, “The federal government does not control the border crossings in the Kurdistan region, and this is a major knot in the development road project, and a source of concern regarding fears that may occur in the future that affect the project.”

He explained, “The government proposed creating another path, so that the development path would have two paths to limit any future political role.”

He stated, “The two paths are parallel and will be from 25 km to 50 km long. The first will be within the region, and the second will pass through Nineveh Governorate in Sinjar specifically, so that the federal government will be the one controlling the road away from any problems that may occur in the future.”

The Governor of Nineveh, Abdul Qadir al-Dakhil, confirmed in a press statement on Tuesday that negotiations are taking place between the federal government and the Turkish side, in coordination with the Kurdistan region, to determine the entry point of the road from Iraq to Turkey.

Almaalomah.me

Iraqi Dinar / US Dollar auction results for today 6-12-2024

Results of the foreign currency selling window for Wednesday 6/12/2024

Advertisement No. (5145)

The amount:

Total amounts of transfers abroad (transfers, credits)
252,202,188

Total cash withdrawals
23,910,000

Total total sales
280,112,188

Note that: The selling price of documentary credits and international settlements for electronic cards is ( 1310 ) dinars per dollar.

The selling price for transfer amounts abroad is ( 1310 ) dinars per dollar.
The cash selling price is ( 1305 ) dinars per dollar.

cbi.iq/currency_auction

The International Monetary Fund expects growth in the Iraqi economy

The head of the International Monetary Fund mission in Iraq, Ghazi Shubaikat, expected growth in the Iraqi economy in light of the reforms adopted by the government, while stressing that Iraq must work to achieve financial sustainability while having the elements to achieve this goal.

Shubaikat said in a statement to the official newspaper, followed by (Al-Rabaa), that “the Fund expects growth in the Iraqi macroeconomy, in conjunction with the reforms adopted by the government with the aim of creating realistic solutions to all economic problems, and we sensed the seriousness of the Iraqi government in the field of achieving economic reforms that strengthen the relationship with the Fund and this “It encourages strengthening cooperation in a way that serves the Iraqi economy, which suffers from chronic problems.”

He added, “The International Monetary Fund supports Iraqi reforms that achieve financial sustainability, keeping Iraq away from any crises facing the oil market, which Iraq relies on to cover its annual expenses, especially since a country like Iraq needs large revenues to cover the needs of all sectors, and this needs to create Real financial sustainability through reviving the productive and service sectors and bringing the capital cycle into a local framework…

Faceiraq.org

The Ministerial Council for the Economy decides to support the independence of the Central Bank in formulating monetary policy

Today, Monday, Deputy Prime Minister and Minister of Foreign Affairs, Fouad Hussein, chaired the seventeenth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, and advisors. Prime Minister for Economic and Legal Affairs, and Chairman of the Securities Commission.

A statement by the Council, a copy of which {Al-Furat News} received, stated that it: “discussed the items on its agenda and took the necessary decisions regarding them. It also hosted the head of the Financial Supervision Bureau and his deputy, and the Director General of the Legal Department in the Bureau, to study and evaluate partnership contracts between the public and private sectors.” And a statement of the economic feasibility of its continuation or termination.”

He added, “Where the head of the Bureau reviewed those contracts that were divided between important contracts that benefit the state budget, and others that lacked economic feasibility, the Council decided to complete the discussions in the presence of representatives of the relevant ministries in order to resolve this important file.”

The Council continued, “It also decided to approve the recommendations of the committee formed to study the adoption of Iraqi, Gulf, or higher specifications when importing vehicles, in order to preserve the lives and safety of citizens and users of vehicles and roads, while determining the contribution of foreign capital to Iraqi banks was discussed.”

He added, “In line with the state’s general policy of supporting the Iraqi and foreign banking sector and foreign investments in Iraq, the Council decided to support the independence of the Central Bank of Iraq in formulating monetary policy in accordance with its applicable laws and instructions.”

The Council hosted the Technical Undersecretary of the Ministry of Environment; To discuss support for the Ministry’s projects related to implementing the government program and removing obstacles hindering its implementation.

Alforatnews.iq

American forces will remain in the military bases, with only their description changing

Information / Baghdad… Political analyst Qasim Balshan said on Monday that American forces will not leave Iraqi territory and will remain in the camps while changing the capacity in which they are present inside Iraq.

Balshan told the Maalouma Agency, “There is no actual move to end the presence of American forces in military bases, and what will happen is to change the capacity in which these forces are present.”

He added, “The Sudanese visit to Washington did not involve an agreement with the American administration to withdraw its forces from Iraq, as there is no official request submitted by the Iraqi government to its American counterpart to withdraw its forces from military bases inside Iraq.”

He promised, “The talk about ending the American military presence will not be implemented on the ground, since the government did not approach the American administration in this regard.”

Almaalomah.me

Parliamentary integrity calls for striking the corrupt with an iron hand

Information / Baghdad… Today, Monday, member of the Parliamentary Integrity Committee, Hamid Al-Shablawi, called for striking with an iron fist those involved in corruption files, while revealing that many corruption files had been referred to the Integrity and Public Prosecution Commission.

Al-Shiblawi told the Maalouma Agency, “There is great turmoil in the Iraqi street over many prominent figures convicted of corruption who are still in their positions without anyone touching them.”

He added, “The committee is continuing its work by hosting ministers, undersecretaries, and general directors, noting that there are efforts being made by the Federal Integrity Commission to combat corruption.”

He continued, “The committee referred many corruption files related to state institutions to the Integrity and Judicial Commission.”

Almaalomah.me

Al-Moussawi: Foreign workers cause hard currency to leave the country

Information / Baghdad… Today, Advisor to the Prime Minister for Social Affairs, Sanaa Al-Moussawi, called for urgent and serious measures to be taken to limit the entry of illegal foreign workers.

Al-Moussawi told Al-Maalouma, “Foreign workers cause the withdrawal of hard currency from the country, indicating that Iraq suffers from unemployment and the lack of job opportunities for young people.”

She stressed the need to “unify the efforts of the Ministries of Labor, Social Affairs and Interior to limit foreign workers as well as control the exit of currency outside the country.”

She pointed out that “most private sector companies flock to foreign workers because they charge small sums of money, pointing out that the entry of these workers into Iraq has crowded out graduates and sons of the country in the Iraqi labor market.”

Almaalomah.me

Iraqi Dinar / US Dollar auction results for today 6-06-2024

Results of the foreign currency selling window for Sunday 6/06/2024

Advertisement No. (5141)

The amount:

Total amounts of transfers abroad (transfers, credits)
253,556,650

Total cash withdrawals
21,510,000

Total total sales
275,066,650

Note that: The selling price of documentary credits and international settlements for electronic cards is ( 1310 ) dinars per dollar.

The selling price for transfer amounts abroad is ( 1310 ) dinars per dollar.
The cash selling price is ( 1305 ) dinars per dollar.

cbi.iq/currency_auction

The information reveals a new candidate for the Presidency of Parliament.. “He will sweep everyone away.”

Today, Thursday, member of the Al-Fatah Alliance, Mahmoud Al-Hayani, revealed a new candidate for the presidency of the House of Representatives agreed upon by everyone, while confirming that he will lead the previous candidates by a large margin and sweep everyone away.

Al-Hayani said in a statement to the “Al-Ma’louma” agency, “The political differences between the Sunni blocs have highlighted to us a candidate agreed upon by all and who enjoys the support of the coordination framework and the advancement of most of the Sunni blocs,” noting that “the presidency of the House of Representatives may move away from Anbar this time and be from the share of the Sunnis of the Euphrates.” The middle one is represented by Representative Adnan Al-Juhaishi.”

He continued, “The Sunni component in southern Iraq and the central Euphrates has the greatest right to assume the presidency of the House of Representatives,” pointing out that “Adnan Al-Juhaishi is the most prominent to assume the position in light of the continuing political differences over the previous candidates.”

Al-Hayani concluded his speech by saying: “After the end of the legislative recess, the way will be opened to re-nominate new candidates by amending Article 12 of the bylaws, and Adnan Al-Juhaishi will be nominated because he is accepted by all,” noting that “the presidency of Parliament this time will be from the share of the Sunni component in the Middle Euphrates.” “.

It is noteworthy that Adnan Al-Juhaishi is one of the representatives of the Sunni component of Wasit Governorate (Kut), and according to specialists, the Sunni disputes over the presidency of the House of Representatives and Al-Halbousi’s commitment to removing the position from Anbar resulted in the nomination of Adnan Al-Juhaishi for the position.

Almaalomah.me

The National Bank of Iraq clarifies its policy in combating laundering and terrorist financing

The National Bank of Iraq confirmed, on Thursday, that it does not deal with companies that the Central Bank has stopped from entering the foreign currency buying and selling window, pointing out that this comes in compliance with international standards to combat money laundering.

The bank said in a statement received by Shafaq News Agency, “This confirmation is based on the National Bank of Iraq’s firm commitment to good governance and full transparency in implementing the instructions of the Central Bank of Iraq, and the bank’s keenness to apply the highest international standards to combat money laundering and terrorist financing.”

Commenting on this decision, the bank’s authorized director, Ayman Abu Dhaim, stressed the importance of adhering to the principles of good governance as a basic pillar in all the bank’s activities, saying: “We believe that good governance enhances trust with our customers and partners, and contributes to enhancing financial and economic stability. Transparency in implementing instructions The Central Bank of Iraq represents an integral part of our strategy to maintain the integrity of banking operations.”

Abu Dhaim explained, “The National Bank of Iraq adheres to the highest international standards in combating money laundering and terrorist financing, and follows strict procedures in auditing all financial transactions and verifying the sources of funds to ensure that they are not used in illegal activities. It also works to regularly update its systems to comply with best practices.” International and the instructions of the Central Bank of Iraq.

Abu Dhaim pointed out the importance of due diligence procedures followed by the bank to ensure the safety of customer funds and companies’ assets. He said: “We are keen to implement due diligence procedures accurately, as we periodically examine transactions and ensure their compliance with national and international standards.” These measures contribute to enhancing confidence in our financial system and ensuring the safety of our customers’ funds.”

Abu Dhaim stressed, “The National Bank of Iraq places the interest of the national economy and the safety of the banking sector at the top of its priorities, and that its commitment to the instructions of the Central Bank of Iraq comes within the framework of this keenness to enhance financial stability and combat illegal practices.”

Shafaq.com