The Central Bank of Iraq issues new instructions regarding granting dollars to travelers at airports

Shafaq News / The Central Bank of Iraq revealed, on Thursday, the new mechanism for travelers to receive foreign currency (dollars), which will be exclusively through companies and banks’ outlets at international airports, stressing that the goal of the new mechanism, which will come into effect on July 14, is to deliver the dollar to the real traveler and pass sound transactions, in addition to facilitating travelers’ access to the dollar faster.

The Central Bank reviewed the new mechanism for travelers to receive their share of foreign currency (dollars) by the traveling citizen going to the authorized exchange companies spread across all cities to deliver the amount in dinars equivalent to the citizen’s share of the dollar according to the official exchange rate of the Central Bank of Iraq. The company will work to enter the traveling citizen’s data and upload his name to the electronic platform of the Central Bank of Iraq and deliver him a receipt confirming his deposit of the dinar, to receive the cash dollar inside the airport exclusively.

The bank explained in a statement issued today that upon completion of departure procedures, the amount will be delivered to him in dollars through the outlets available at the airport, 24 hours a day, 7 days a week.

The statement indicated that the Central Bank decided to allow exchange companies to receive more than one share during the week in order to achieve full response to travelers’ requests.

Meanwhile, the Central Bank of Iraq directed exchange companies to proceed with the instructions to launch the new mechanism for delivering dollars at airports.

This came in a letter addressed by the bank’s management in an official letter issued on the fourth of July and signed by the Director of Supervision of Non-Banking Financial Institutions, Rafeef Mu’ayyad Bashir, to four exchange companies that provide dollars to travelers at Iraqi airports.

Last Monday, the Central Bank of Iraq issued new instructions regarding granting US dollars to travelers, indicating that these instructions will come into effect starting from July 14.

According to the bank’s statement, which was addressed to Rafidain, Rashid, and Iraqi Trade Banks, exchange companies currently operating at airports, and exchange companies of category A and B, “in order to ensure that travelers receive cash dollars and to prevent exchange companies from passing improper transactions, it was decided to set 7/14/2024 as the final date for starting the mechanism of granting dollars to travelers at airports exclusively.”

According to the Central Bank, the aforementioned banks and exchange companies operating at the airport are entitled to a fixed commission of (15,000) dinars from the customer for each transaction, and the exchange companies outside the airport collect it for the benefit of the companies and banks operating at the airport, according to a mechanism determined between the two parties, the banks and companies operating at the airport and the exchange companies outside the airport.

Shafaq.com

Iraqi Dinar / US Dollar auction results for today 7-03-2024

Results of the foreign currency selling window for Wednesday 7/03/2024

Advertisement No. (5154)

The amount:

Total amounts of transfers abroad (transfers, credits)
260,135,797

Total cash withdrawals
14,775,300

Total total sales
274,911,097

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

Central Bank urges reporting of corruption cases

The Central Bank of Iraq encourages witnesses, experts and whistleblowers to report corruption cases, in accordance with Article (9/Second) of the Law on the Protection of Witnesses, Experts, Informants and Victims No. (58) of 2017 regarding rewarding informants on corruption cases.

This bank indicates that the informant is rewarded for reporting corruption cases if it leads to their disclosure, within the basis of the reward and its amount in a system issued by the Council of Ministers.

Central Bank of Iraq
Media Office
3 – July – 2024

cbi.iq/news/view/2610

Allawi warns against “exploding the situation” and makes a political call

The head of the National Coalition, Iyad Allawi, warned today, Wednesday, of the explosion of the situation in the country as a result of internal disputes, while he called on the political forces to hold a dialogue to discuss amending the course of the political process.

Allawi said in a statement received by Sumaria News, “Iraq and its honorable people have suffered throughout the past period since the days of the defunct regime and still until now from many crises and extremely complex challenges. After the fall of this dictatorial regime, we sought with the national opposition forces to build a democratic Iraq and achieve a state of citizenship, but unfortunately the political process was built on false foundations and depended on quotas, sectarianism, marginalization, exclusion and politicized uprooting. Corruption spread in all joints of the state, loose weapons spread, and security and stability disappeared until Iraq became a theater for regional and international conflicts. In addition to that, the intensity of differences and divisions increased. After it was Shiite –Sunni and Arab-Kurdish, the atmosphere became complicated within the Shiite house, the Sunni house, the Kurdish house, and even the Christian and Turkmen house.”

He added, “The continuation of the situation as it is with the continuation of internal disputes is a cause for concern and a great danger that may lead to the explosion of the situation at any moment and to the division of Iraq. Therefore, from a national standpoint and for fear of the situation slipping into what is worse, I call on the national political forces in the country to hold a national dialogue conference in which all political forces, unions, federations, tribal sheikhs in general and representatives of the people’s forces participate, to discuss basic issues, the most important of which are amending the course of the political process, achieving true national reconciliation, abolishing quotas, adopting the principle of true citizenship based on the foundations of justice, equality and the rule of law, and amending some constitutional paragraphs. With this logic, we guarantee a solution to all issues and problems.”

He considered that “a conference like this will be a real beginning to achieve the desired political reform and constitutes a launch pad for building a strong, prosperous Iraq in which everyone enjoys security, stability and prosperity.”

He added: “I am also certain that if this matter is achieved, it will restore Iraq’s international status, through which it will be a key player in spreading security and stability in our region, which is also suffering from serious crises and challenges. It will be the basic nucleus for launching a regional security and peace conference similar to the Sharm El-Sheikh conference, where we took the initiative to hold this conference when I was Prime Minister, which was attended by neighboring countries and Islamic and Arab countries. Such a conference, by virtue of Iraq’s geographical location linking the Arab depth on the one hand and the Islamic depth on the other hand, will certainly work to stop the destruction and reduce the intensity of the conflicts and tensions that most countries in the region suffer from.”

Alsumaria.tv

A leader in the framework sets 5 points in the Aqaba project at the expense of Iraq’s interests

Information/Baghdad… On Wednesday, the leader of the Coordination Framework, Ali Al-Fatlawi, identified 5 points in the Aqaba project at the expense of Iraq’s interests.

Al-Fatlawi said in an interview with Al-Maalouma Agency, “He does not hide the existence of big question marks about the project to extend a pipeline from the oil fields in southern Iraq to the Jordanian port of Aqaba, noting that the project was proposed 40 years ago and remained postponed and was recently proposed.”

He added that “the project in essence is to secure Jordan’s needs for crude oil, although it has not made any good initiatives towards Iraq for many years, noting that the entire project is at the expense of Iraq’s interests, as it is responsible for spending the money, providing security and planning, and after all these efforts, the pipeline will be owned by Jordan after 20 years.”

He asked about the economic feasibility of an oil pipeline that would cost the Iraqi treasury billions of dollars, noting that “the existence of big question marks is realistic and objective.”

It is noteworthy that several political elites expressed their rejection of the Aqaba pipeline project and considered it a waste of money, especially with the lack of economic feasibility that would allow it to proceed.

Almaalomah.me

Barzani’s important visit to Baghdad

Shafaq News / Prime Minister Mohammed Shia al-Sudani received today, Wednesday, the Kurdish leader Masoud Barzani and his accompanying delegation.

During the meeting, a joint statement was made between the two sides, where Al-Sudani described Barzani’s visit to Baghdad as “important,” adding, “We held a constructive and purposeful dialogue on various internal issues and regional situations.”

He said, “We have made significant progress in building trust between the federal government and the regional government, and we have overcome many problems inherited over the years, in accordance with the constitution and the law.”

Al-Sudani added, “We are moving towards opening up development opportunities and future prospects in a way that brings goodness, prosperity and well-being to our people everywhere.”

The Prime Minister stressed that “the regional situation and the developments taking place were an important part of this discussion, which represents a necessity in light of this difficult stage facing the region, and the emphasis on the security, sovereignty and independence of Iraq, and that it be far from the arena of conflicts while maintaining our principled positions towards various just issues.”

For his part, the Kurdish leader said during the joint statement that he was “very happy to meet the Prime Minister.”

He added, “My visit to Baghdad aims to enhance the efforts made by the Prime Minister, which led to a real breakthrough in the relationship between the federal government and the Kurdistan Regional Government.”

Barzani continued, “Our dialogue was constructive regarding the internal and regional situations, and the views were identical.”

Kurdish leader Massoud Barzani arrived in the capital, Baghdad, on Wednesday morning.

Shafaq News Agency correspondent said that Foreign Minister Fuad Hussein, Minister of Planning Mohammed Tamim, Minister of Defense Thabet Al-Abbasi, Minister of Labor and Social Affairs Ahmed Al-Asadi, Minister of Construction and Public Municipalities Benkin Rikani and a number of government officials and military leaders received the Kurdish leader and his accompanying delegation at Baghdad International Airport.

Barzani’s headquarters had announced earlier this morning that the visit of Kurdish leader Masoud Barzani to the city of Baghdad comes with the aim of holding a series of meetings with official bodies and Iraqi political parties and holding meetings with political leaders.

The Coordination Framework, which includes the ruling Shiite political forces and parties in Iraq, is hosting Massoud Barzani in its regular meeting scheduled to be held later today, Wednesday, according to what an informed source revealed to the agency.

Shafaq.com

Investment: Iraq has become an important economic destination in the region

Information /Baghdad… The National Investment Commission confirmed today, Saturday, that Iraq has become an important investment destination in the region and the world.

The Authority’s media stated in a statement to Al-Maalouma Agency, “The improvement in the investment climate inside Iraq reflects the government’s efforts to enhance the economic and investment sector.”

He added, “The National Investment Commission monitors its investment and strategic projects in order to continue the rates of achievement and record the nature of the challenges that must be addressed to ensure the progress of work in Baghdad and the governorates.”

He pointed out that “there are major moves to create a safe climate to attract investments that achieve sustainable development in Iraq.”

Almaalomah.me

Parliamentary Committee Reveals Reasons for Obstructing Oil and Gas Law

Information / Baghdad… Member of the Oil, Gas and Natural Resources Committee, Kazem Al-Tawki, revealed today, Saturday, the reasons for obstructing the legislation of the Oil and Gas Law, while stressing the difficulty of enacting the law.

Al-Touki told Al-Maalouma Agency, “The differences have negatively affected the legislation of the oil and gas law, which faces many political and technical obstacles.”

He added, “Legislating the oil and gas law is not an easy matter, especially after the Federal Supreme Court’s decisions to stop the region’s export of oil through the Turkish Ceyhan port.”

He pointed out that “legislating the oil and gas law needs more dialogue and negotiation between Baghdad and Erbil, especially since the legislation of this law was part of the political agreement prior to the formation of the government.”

Almaalomah.me

More than a billion dollars in sales from the Central Bank of Iraq within a week

Shafaq News / The Central Bank of Iraq’s total sales of hard currency for the US dollar during the week in which the auction was opened last week amounted to more than one billion dollars.

Shafaq News Agency correspondent stated that the Central Bank sold during the past week and for the 4 days in which the auction was opened, one billion, 105 million, 258 thousand, and 154 dollars, at a daily rate of 276 million, 314 million, and 538 dollars, lower than what was recorded in the week before the Eid holiday, when it amounted to one billion, 378 million, 885 thousand, and 407 dollars.

The highest dollar sales were on Wednesday, when sales amounted to 281 million, 804 thousand and 784 dollars, while the lowest sales were on Sunday, when sales amounted to 273 million, 244 thousand and 330 dollars.

Our correspondent indicated that foreign remittance sales during the past week amounted to one billion, 005 million, 048 thousand and 154 dollars, an increase of 90% compared to cash sales, which amounted to 100 million, 210 thousand dollars.

Our correspondent explained that the sales went in the form of cash and transfers abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards amounted to 1,310 dinars per dollar, and the selling price of transfers abroad amounted to 1,310 dinars per dollar, while the cash selling price reached 1,305 dinars per dollar. .

Shafaq.com

A split hits Maliki’s coalition

Shafaq News / Iraqi parliament member Alia Nassif announced her withdrawal from the State of Law Coalition led by Nouri al-Maliki, while revealing the reasons for taking this decision.

Nassif wrote, in her blog post on the X platform: “I announce my departure from the State of Law bloc, due to the difference in political visions for the next stage.”

She explained that the reason for her departure was “the distinction between the members of the State of Law, especially between independents and those with party affiliation.”

Nassif pointed out that “this vision exists among most independent members, and the coming days will reveal the discrimination and classism that is taking place.”

Shafaq.com