The amount:
Total amounts of transfers abroad (transfers, credits)
270,410,447
Total cash withdrawals
18,750,000
Total total sales
296,160,447
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.
President of the Republic Abdul Latif Jamal Rashid and Prime Minister Mohammed Shia Al-Sudani congratulated Donald Trump on the occasion of his swearing-in as President of the United States. A statement received by “Al-Sabah” stated that “the President of the Republic expressed in a post on the (X) application, “his wishes for President Trump to succeed and succeed in his work duties.”
He stressed “Iraq’s support for establishing security and stability in the region and the world, and strengthening bilateral relations between our two friendly countries in a way that achieves the common interests of the two peoples.”
The Prime Minister also sent a congratulatory cable to US President Donald Trump on Tuesday, on the occasion of his assumption of office as President of the United States of America. In the cable, Al-Sudani indicated “Iraq’s aspiration to strengthen the bonds of cooperation and partnership with the United States, within the framework of the strategic framework agreement and the common interests of the two countries,” stressing “the importance of working to support the foundations of stability, security and development regionally and internationally.”
In his telegram, he stated that “the Iraqi government adheres to strategic relations with the United States, and seeks to activate and expand the scope of implementation of all bilateral memoranda of understanding, and bilateral security and economic coordination, under the umbrella of respect for sovereignty, non-interference in internal affairs, and strengthening bilateral exchange in the cultural and technological fields, and the fields of investment and sustainable development.” Meanwhile, the Prime Minister stressed that Washington is a major partner of Iraq, and that the government is working to build a stable institutional relationship
With her. The Prime Minister said in an interview with the “Elaph” website: “Iraq has a special status in dealing with the will to survive,” adding that “the Iraqi citizen is one of the most self-confident people, and cannot be subject to any party.”
Al-Sudani pointed out that “portraying Iraq as subordinate to any country contradicts the historical character of the country,” stressing that “the relationship between Iraq and the United Kingdom enjoys a unique character.”
He added that “Baghdad is working to build a stable institutional relationship with Washington, as the United States remains a major partner for Iraq, and we are committed to a policy of openness and true partnership,” indicating that “today we are facing a new phase in our relationship with the United Kingdom, and Iraq plays a pivotal role as an effective mediator between various regional parties, and Baghdad has become a center for calm dialogue that aims to bridge the gap between the parties.”
Al-Sudani pointed out that “Riyadh is a key partner in Iraq’s economic equation, and that the electrical connection with Saudi Arabia is not just a technical project, but a step towards achieving long-term economic integration,” stressing that “the country is moving confidently towards institutional reform.”
He pointed out that “the government is working to integrate the factions within the legal and institutional frameworks, and is determined to build a new Iraq based on its Arab cultural heritage.”
Alsabaah.iq
The Secretary-General of the National Accord Party, Iyad Allawi, criticized on Wednesday the passing of laws by the Iraqi parliament in “one basket”, while he objected to the laws amending the Personal Status Law and the General Amnesty, describing them as “a blow to the aspirations of the people.”
Allawi said in a statement received by Shafaq News Agency, “In light of the accumulated crises and serious challenges facing our dear country, where unemployment is destroying the hopes of our youth, and corruption and drugs are rampant, destroying the fabric of our society, we stand today before decisions that are passed in a suspicious manner and threaten the future of the Iraqi family and the unity of society.”
He added that “passing the Personal Status Law in the manner in which it was done, and in the absence of transparency, comprehensive community dialogue and national reconciliation, means trading in the rights of the family, women and children and constitutes a direct threat to them.”
He stressed that “proposing laws in a single basket manner is not only a political deal, but rather a step towards dismantling what remains of our society’s ties, and reflects a miserable political approach based on quotas, sectarianism and extremism instead of civility and dialogue.”
Regarding the general amnesty law, Allawi explained, “Despite the presence of some positives in the law, such as supporting the oppressed and providing them with justice, there are controversial issues related to the corrupt and thieves, as it is not possible to justify amnesty for them in light of the crimes they committed against the homeland and the people, and despite this, many of them are free and at large and enjoy the people’s wealth, so where is justice?”
He explained that “this law represents another blow to the aspirations of the Iraqi people for justice. How can crimes as great as stealing people’s money and committing financial and administrative corruption be pardoned? How can thieves and corruptors be honored instead of being held accountable?”
He continued, “The strangest thing is that voting on these laws was not done through the usual methods, such as raising hands, counting votes, or ensuring the presence of a majority. This is a legal violation, as if the goal was to pass the laws by any means, without allowing room for discussion or objection, which raises doubts about the true intentions behind this step and confirms the extent of the manipulation practiced by some political parties in the council.”
Allawi promised that what happened “is a reflection of a political approach that places partisan and factional interests above the interests of the nation and the citizen, an approach that destroys civility and deepens divisions instead of treating them,” adding, “We need a serious national stance, far from the language of deals and compromises, to place the interests of Iraq and its people above all considerations.”
Yesterday, Tuesday, the Iraqi Parliament voted on the controversial laws in one basket, which are returning properties to their owners in Kirkuk, amending the Personal Status Law, and amending the General Amnesty Law.
Shafaq.com
Prime Minister Mohammed Shia Al-Sudani held the first regular meeting of the year for the Higher Committee for the Development Road Project today, Wednesday, in the presence of representatives of Oliver Wyman Company, which is concerned with providing consulting services for the Development Road Project.
The meeting reviewed the latest procedures for the Development Road, discussed the latest progress in the five projects of the Grand Faw Port, and the most prominent challenges facing the implementation process and directing them to be addressed quickly in order to adhere to the approved time frames, according to a statement by the Prime Minister’s media office.
Al-Sudani listened to a detailed presentation given by the consulting company regarding its plans related to the economic model for the Development Road Project, which provides the project with greater advantages and ensures keeping pace with the latest developments in the field of using modern techniques and technology.
The Prime Minister directed the state ministries and institutions concerned with the development road project to submit their data to Oliver Wyman Company, in order to prepare an integrated vision for the project.
The meeting also witnessed a review of the security plan for the Development Road Project, as well as reviewing the most important results of the last quadripartite ministerial meeting for the Development Road Project, in the presence of the Ministers of Transport from Iraq, the UAE, Turkey, and Qatar.
Burathanews.com
The Middle Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the East Baghdad South Field.
The company’s general manager, Mohammed Yassin Hassan, stated in a statement received by {Euphrates News} a copy of it that the main exploratory well testing operations in the East Baghdad field had achieved great success, as a highly productive oil flow of medium and light oil was obtained.
It is expected to add more than two billion barrels to Iraq’s oil reserves, making it the largest oil discovery in central Iraq.
The Director General pointed out that the initial tests of the well showed a daily production rate of up to 5,000 barrels of crude oil.
Yassin praised the fruitful cooperation between Iraqi engineers at the Middle Oil Company and their counterparts at the Chinese EBS Company, which resulted in precise planning and strict implementation of well testing procedures in areas within the oil field.
This discovery is of strategic importance as it adds to Iraq’s oil reserves, which rank fifth in the world in proven reserves. This achievement also enhances the production capabilities of Iraq, one of the founding and influential members of the Organization of the Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market.
Alforatnews.iq
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced that Iraq has emerged from the dangers of external debt.
Saleh told the official newspaper that “after getting rid of the heavy burden of its debts, Iraq has transformed from a country indebted to others to a country that can be a creditor to others,” noting that “the country is called the ‘young creditor’ because it possesses a degree of youth in the economic aspect, which has raised its credit rating, despite the problems of the region.”
He added that “Iraq has gotten rid of the burden of external debts for the first time, which had shackled it economically,” noting that “what remains of its debts to international parties constitutes less than (9) billion dollars that will be paid between now and the year (2028).”
Saleh explained that “debts are paid off through allocations in the federal general budget,” noting that “the ratio of debts to the gross domestic product does not constitute a burden on the state, as it amounts to (5) percent of the gross domestic product.”
He considered Iraq a well-fortified country, in terms of external debts (in other words, it is outside the risks of external debts), which gives the country high credit at the present time,” noting that “internal debts are confined within the (government banking) system.”
Almaalomah.me
Babakir Siddiq, announced on Wednesday that agreements had been reached to resolve the problem of agricultural lands between Kurdish and Arab farmers in the province.
A friend told Shafaq News Agency, “Kirkuk Governor Ribwar Taha Fateh headed the Article 140 Committee to find solutions, especially after the disputes that took place in the Balkana Sarkaran areas in the Dibis district between the Kurds and Arabs over agricultural lands.”
He added, “The Article Committee sent a committee to Kirkuk and held a meeting with the Director of Agriculture in Kirkuk and Kurdish and Arab farmers. A number of decisions were reached that will contribute to finding solutions for agricultural lands between Kurdish and Arab farmers. We will hold a meeting next Sunday with the head of the Article 140 Committee for the purpose of reaching decisions to resolve this problem, which contributes to the cultivation of the lands.”
He added, “Some decisions of the dissolved Revolutionary Command Council require a decision from the Iraqi Parliament in order to cancel them and restore rights to their owners through legal methods and formulas that satisfy all parties.”
Kirkuk Governor Ribwar Taha announced on Tuesday, November 12, that there are about 14 judicial decisions on agricultural areas of about 1,500 dunams, while there are no problems on about 18,000 dunams owned by Kurdish farmers.
Taha said in an interview with a number of media outlets, including Shafaq News Agency, that “the governorate administration held meetings with the Joint Operations Command and the commander of the 8th Division to address the problems of four agricultural districts in the district of Dibis (60 km northwest of Kirkuk), namely Bakana, Sarbshakh, Karbalak and Shinaga,” explaining that “after discussions with farmers from both the Kurdish and Arab components, it became clear that there are 14 judicial decisions regarding 1,500 dunams, and everyone agreed to keep them pending until their issue is resolved.” He added that “there are areas estimated at about 18,000 dunams that do not have any judicial problems or decisions preventing farmers from cultivating them, and their owners can cultivate them freely.”
He pointed out that the Department of Agriculture in Kirkuk was contacted to identify the districts that have judicial decisions, with the aim of protecting these lands until their fate is decided, as well as identifying the lands that do not have disputes to encourage farmers to work in them.
For his part, Deputy Speaker of Parliament Shakhwan Abdullah revealed that everyone is working to return agricultural lands to their rightful owners, and all political blocs agree to pass the law that restores the rights of the Kurds and Turkmen.
Kirkuk Agriculture Director Zuhair Ali told Shafak News Agency that 300,000 dunums of agricultural land are still outside the agricultural plan in the governorate.
He added that these lands include the areas of Hanjir and Shawan, parts of Yaiji, Dibs and Daquq districts, explaining that farmers can file complaints through documents with the courts of first instance.
He pointed out that the Federal Supreme Court confirmed in 2019 the continued validity of Article 140 of the Iraqi Constitution, which aims to cancel the demographic change policies imposed by Saddam Hussein’s regime, and implement statistical procedures and a referendum on the annexation of the disputed areas to the Kurdistan Region.
Article 140 stipulates the cancellation of the demographic change policies pursued by Saddam Hussein’s regime in the disputed areas in favor of the Arabs at the expense of the Kurds, and then a census of the population before the final step, which is to hold a referendum in which the population determines whether they wish to join the Kurdistan Region or remain under the administration of Baghdad.
The implementation stages of the article were scheduled to be completed by the end of 2007, but security and political problems prevented this.
In 2019, the Federal Supreme Court ruled that Article 140 of the Constitution of the Republic of Iraq would remain in effect, stressing that this would continue until its requirements were implemented and the goal of its legislation was achieved.
Shafaq.com
The Iraqi Ministry of Justice announced, on Tuesday, the signing of a contract to implement the electronic payment system and financial transfers for inmates in correctional departments, stressing that the aim of the procedure is to “protect their money, reduce the burden on their families, and control the prices of shops inside prisons.”
The ministry explained in a statement received by Shafaq News Agency that the contract was signed between the Iraqi Reform Department and the Agricultural Cooperative Bank, one of the formations of the Ministry of Finance, within the framework of the government’s orientations to adopt electronic payment and within the directives of the Prime Minister in this regard.
The statement added that the new system includes securing financial transfers for all inmates, issuing electronic payment cards for their families, in addition to electronic payment tools for inmates inside prisons.
The Ministry confirmed that it will bear all the costs of issuing the cards in support of the inmates and to ensure the provision of this technology that enhances financial transparency and contributes to protecting the inmates’ money and reducing the financial burdens on their families.
For his part, the Director of the Agricultural Cooperative Bank stated that his bank is ready to implement the agreed-upon procedures, including issuing cards and electronic payment tools for inmates, and providing deduction devices inside prisons.
He pointed out that all financial transactions will be subject to national security supervision and in accordance with the instructions of the Central Bank of Iraq.
Shafaq.com
The US Treasury Department announced on Tuesday that Iraq is no longer a major foreign holder of US bonds.
Shafaq News Agency reviewed the Treasury report for September, which showed that Iraq was not among the top 20 countries holding US bonds, after it was ranked among the top holders last year with a holding of $32.6 billion.
The report indicated that “Japan topped the list of major countries in holding US bonds, with holdings amounting to $1.123 trillion, followed by China in second place with holdings amounting to $772 billion, while the United Kingdom came in third with $764 billion, the Cayman Islands in fourth place with $420 billion, Luxembourg in fifth place with $417 billion, and Canada in sixth place with $370 billion.”
The report explained that Saudi Arabia was the only Arab country that maintained its position among the 20 largest holders of US bonds, as its holdings amounted to $143.9 billion.
The report indicated that the total holdings of US bonds by countries around the world in September amounted to 8 trillion and 872 billion dollars.
US bonds are a type of debt instrument issued by the US government to raise money, and many countries buy them as a safe investment.
In the past years, many Arab and foreign countries, including Iraq, owned large amounts of these bonds, and over time, Iraq’s holdings of US bonds decreased until it left the list of the 20 largest countries holding these bonds.
Shafaq.com
Members of the House of Representatives reported that the amendment to the budget law sent by the government to the House of Representatives was postponed and postponed until after the legislative holiday. Several representatives indicated that the arrival of the amendment before the legislative session holiday and its connection to the controversial laws before the House of Representatives led to its postponement until after the holiday.
Dr. Khalil Doski, a member of the Parliamentary Finance Committee, expected that the second reading of the budget amendment would take place at the start of the next legislative session and then the vote. Doski added, in an interview with “Al-Sabah”, that “one of the reasons for the delay, according to the committee’s opinion, is that it is necessary to host the Ministry of Finance to discuss the issue, and since they are outside Iraq in the last week before the holiday, the second reading was postponed until after the hosting.”
For his part, member of the House of Representatives, Taqi Al-Waeli, stated that all laws were postponed until after the legislative holiday.
Al-Waeli said in an interview with “Al-Sabah”: “The budget amendment came within the paragraphs of the session’s agenda, which included the controversial laws (general amnesty, real estate, amending personal status), in addition to the fact that the tables were not sent to the budget amendment, and it contains violations of Article 12 of the law,” according to him.
Member of the Parliamentary Oil, Gas and Natural Resources Committee, Kazem Al-Tawki, noted that the amendment of the budget law came from the government after an agreement with the Kurdistan Region and political forces, in order to find solutions to the cost of producing a barrel of oil for extractive companies operating in the region.
Al-Tawki explained, in an interview with “Al-Sabah”, that the cost included in the budget amounted to 6 dollars per barrel, while the region demands that it be 22 dollars per barrel or more, which necessitated amending it to be 16 dollars after voting on the budget.
He explained that “the two parties agreed to assign a specialized company to study the production costs, and then calculate any financial increase or decrease retroactively,” explaining that “before the legislative session recess, this amendment was linked to the three controversial laws, which led to its postponement until after the recess.”
Dr. Safaa Al-Shammari, a specialist in the philosophy of public law and international investment contracts, believed that “approving the budget amendment depends on political, economic and legislative factors,” noting that in Iraq, this process may be more complicated due to the political dynamics between the government and parliament and the pressures of the economic situation.
Al-Shammari expected, in an interview with Al-Sabah, that “the parliament will approve the budget amendment within a short period if the government is able to garner political support for it. However, there is a need to address the structural causes of the budget delay, such as enhancing spending efficiency and achieving a balance between revenues and expenditures, to ensure that the amendments achieve their goals rather than being just temporary solutions.”
He attributed the reasons for the delay in amending the budget to “the economic challenges represented by the decline in oil prices, which is the main resource for Iraq, which led to pressures in implementing the original budget, and the high spending commitments compared to actual revenues that affected the government’s plans, and the complex amendments after the government proposed fundamental amendments that include redistributing some items, which requires a re-evaluation by parliament, in addition to the financial crisis and the management of the dollar through the Central Bank’s policy of controlling the exchange rate, which affected the stability of the local economy, which may have led to amending some financial aspects, and tensions due to disagreements between political blocs regarding the allocations of governorates and regions, and the distribution of revenues between the center and the region, which is always a point of contention.”
Alsabaah.iq
