Mary B

International monetary and bank officials confirm willingness to assist the government of Iraq 05-05-2020 Officials of the two organizations of the Bank and the International Monetary Fund confirmed their readiness to respond quickly to provide assstance to the government of Iraq to meet the needs of the fight against Corona, while the Deputy Prime Minister of Iraq offered his welcome for any financial support that might be provided by other countries in this framework. The media office of the Deputy Prime Minister for Economic Affairs and Minister of Finance Fuad Hussein said in a statement received by Alsumaria News, a copy of it, that the latter participated in a meeting via closed-circuit television to discuss the financial and economic situation and ways to continue to support the health sector. The statement indicated that Hussein's participation in the coordination meeting came to provide the required support to the health sector to combat HIV and Corona disease, indicating that this meeting was held via closed-circuit television with the participation of the British and American ambassadors, and Hazem Al-Jumaili, Undersecretary of the Ministry of Health, also participated in the televised meeting, the World Bank official The Middle East and from Amman the representative of the International Monetary Fund and responsible for Iraq, the meeting was attended by a number of financial officials in the two international institutions and the representative of global health. On the sidelines of the meeting, Minister of Finance Fouad Hussein shed light on the work of the Ministry of Finance and its efforts in providing financial requirements and urgent needs to support the health sector in Iraq since the beginning of the crisis, as the ministry has taken the necessary measures to collect funds through banks or through fundraising, whether from some donor countries Or through governmental and private banks as well as the private sector. In another axis of the meeting, the general economic and financial situation and the impact of the international crisis on the Iraqi situation and the confusing challenges faced by Iraq in terms of fighting the disease or the sharp decline in oil prices were added in addition to the political crisis related to the formation of the government. The relations with the World Bank and the International Fund were also discussed. The Deputy Prime Minister stressed the importance of deepening relations with both financial institutions. And discussed how to financial support to Iraq in general and the health sector in particular. As for the issue of external borrowing, the matter requires legal approvals from the executive and legislative authorities, indicating that the ministry is currently preparing a letter to the World Bank to obtain additional financial assistance for the health sector. For his part, the bank and the International Monetary Fund officials affirmed their readiness to respond quickly to provide assistance to the government of Iraq and to restructure some of the specialized programs in the health sector to meet the needs of fighting Corona. Hussein expressed his thanks to the Ambassador of the United States of America for the financial and logistical support that his country provided to the health sector in Iraq and in the field of fighting Corona disease, welcoming any financial support that might be provided by other countries in this framework. Dr. Hazem Al-Jumaili, Undersecretary of the Ministry of Health, outlined the steps and measures taken by the Ministry of Health and the competent committee to combat HIV since the beginning of the disease, and pointed to the numbers of infected and deceased, and the Ministry of Health's need for health equipment and technical support. He also talked about the future steps that the Ministry will take in this regard. https://www.alsumaria.tv/news/سياسة/340559/مسؤولو-النقد-والبنك-الدوليتين-يؤكدون-الاستعداد-لمس?src=rss&utm_campaign=rss&utm_source=Rss-articles&utm_term=Rss&utm_medium=Rss-340559

Al-Nasr: More than 200 lawmakers pledged to Al-Zrafi to attend a session giving confidence to his cabinet by Moahmmad EditorIraq news2 Hours ago The deputy of the Al-Nasr Falih Al-Ziyadi coalition revealed that more than two hundred deputies pledged to attend and vote on the cabinet in charge of forming the government, Adnan Al-Zorfi. Al-Ziyadi said in a statement that Al-Zrafi addressed the parliament to hold an official session to vote on the ministerial cabinet and sent his government program, stressing that negotiations with all political blocs were fruitful, but there was no consensus, and there were opposing and supporting blocs. Al-Faisal added that Al-Zorfi’s government will be in the parliament, noting that the person in charge has a clear majority if the voting session is held to pass the cabinet cabinet within the next week. https://altahreernews.com/14166/

The fall of the Iraqi dinar against the dollar scares the markets and citizens .. and warnings of the continued decline 04/05/2020 Baghdad - Mawazine News: After the stability of the Iraqi dinar exchange rate against the dollar years ago, the past few days have recorded a significant decrease in the value of the local currency. The exchange rate of one dollar increased from 1,200 dinars to 1,280 Iraqi dinars, amid warnings of the continuation of this decline due to the curfew imposed by the Iraqi authorities as part of measures to confront the outbreak of the Corona pandemic, which stopped the Central Bank of Iraq, which was pumping an average of 140 million dollars per day to maintain The value of the currency. A source from the Central Bank of Iraq, who preferred not to be identified, said that "the dollar exchange rate was affected by a rise due to the interruption of the currency auction, as well as a result of the curfew, and the desire of people to exchange their Iraqi money with dollars, as well as the continuing need for import in relation to traders." According to the newspaper, "The New Arab." He revealed that the central bank is in the process of taking quick steps with the government crisis cell to confront the Corona epidemic, with the aim of finding a way to restore balance and provide hard currency in the market, stressing that the rise will be temporary. He added, "The last auction for the sale of the currency was on March 16, and it is expected that the current measures will succeed in reopening it within days." The source pointed out that "the price of cash sale by the Central Bank of Iraq in the last public auction was 1119 dinars, while the price approved in banks is 1200 dinars per dollar, before the central bank stops pumping currency to the Iraqi market, because of the curfew." He pointed out that "the central bank will try to pump more hard currency to the market, but the value of what will be pumped will be less than the hard currency entering the central bank as a result of the low oil price and the state's need for adequate reserves of hard currency." He said, "The task of keeping the dinar rate at the current stage will not be easy, but it is within control." For his part, Adel Al-Ansari, director of one of the banking offices in Baghdad, said in an interview with "The New Arab", that despite the curfew imposed in all of Iraq due to the outbreak of corona, the demand for buying dollars is very large, because of the Iraqis' fear of the collapse of the dinar. He added that "some of the owners of capital bought the hard currency in anticipation of any emergency, due to the cautious anticipation experienced by the Iraqis in light of the Corona virus and the escalation between America and Iran and armed factions in Iraq." In an interview with Al-Arabi Al-Jadeed, economist Salam Smeisam said, “The rise in the price of the dollar against the dinar is not a result of supply and demand. It ranges from 7 to 8 dollars per 100 dollars. " She added that "what is raising the alarm today is that the market is not subject to control by the authorities concerned with monetary policy," noting that "the Iraqi dinar is in an unenviable position due to the low oil prices of less than 26 dollars, in addition to the accumulated crises that it is exposed to." The Economy. ”Ended 29 / A 43 https://www.mawazin.net/Details.aspx?jimare=93737

The central bank begins selling the dollar through its daily auction 05-05-2020 On Sunday, the Central Bank of Iraq began selling the dollar through its daily auction, after stopping the result of the embargo and since March 17. The bank’s sales today amounted to 245 million and 669 thousand and 143 dollars, covered by the bank at a base exchange rate of 1190 dinars per dollar. The bank's sales were all to boost the balances abroad in the form of transfers and credits that were fully covered by the bank at an exchange rate of 1190 dinars per one dollar, while there was no cash sale to banks. While none of the 27 banks participating in the currency auction made any offers to sell the dollar. https://www.alsumaria.tv/news/اقتصاد/340518/البنك-المركزي-يباشر-ببيع-الدولار-عبر-مزاده-اليومي

Central Bank: The dollar's appreciation will end this week 04/04/2020 Baghdad - Mawazine News , the Central Bank of Iraq revealed the implementation of several steps to control the high exchange rate of the dollar in the markets. "The central bank has implemented a number of steps to control the exchange rate of the dollar," he said, noting that "the bank will try and in any way to curb this large disparity. " Jabbar explained that "there are some weak souls speculating in dollars, so the bank Central will try in any way to curb this great disparity and we expect this week to resolve the issue of higher dollar prices. " He explained that" Obozor these steps to open ports for sale and the strengthening of banks in hard currency, while Rahj to end the rise happening in the dollar exchange rate against Uncle Of the local during the current week. " The exchange rate of the dollar in the local markets during the past few days increased, reaching sometimes from 126 to 128 thousand dinars per 100 dollars. Ended 29 / p https://www.mawazin.net/Details.aspx?jimare=93447

Economic warnings .. The citizen will be a victim of the high dollar exchange rate 03/04/2020 Information / private .. Economic expert Wissam Al-Tamimi warned, on Friday, against the high exchange rates of the dollar in local markets, pointing to most commodities that will witness a rise in prices, especially since most of them arrive in Iraq through import. Al-Tamimi said in a statement to "Information", that "the central bank has a cash reserve in excess of $ 60 billion, and therefore it is able to curb the rise in the exchange rate of the dollar in local markets." He added that "raising the dollar exchange rate may be taken by the government as an excuse to compensate for the losses in oil selling prices, but that will make the citizen a victim of the dollar, especially since many transactions take place in dollars, in addition to the fact that most of the goods are imported from outside the country and purchased in dollars." And that "the positive side of the high dollar exchange rate is the resort of most investors in the private sector to setting up factories inside IraqInstead of importing goods at a high price from abroad, which will boost national production, Iraq may turn from an importing country to an exporter within 10 years. ” 25 n ended https://www.almaalomah.com/2020/04/03/466316/

Deputy: The provinces have reached the stage of bankruptcy .. and the financial "media bloc" !! Representative Riyad Al-Tamimi criticized the performance of the Ministry of Finance, describing it as just a "media bloc", noting that the governorates have reached the stage of total bankruptcy due to the lack of approval of the budget. Al-Tamimi said in a press statement, "The Ministry of Finance is a mass of media statements that do not fatten or sing from hunger," noting that "Iraq currently suffers from a lack of budget, and therefore the statements of the Ministry of Finance regarding supporting the provinces have no value." . He added, "All governorates are witnessing clear bankruptcy due to the lack of approval of the budget and the absence of any funds allocated to it," stressing: "Donations are what helps the cities that are experiencing severe crises and a large number of Corona injuries." https://www.thebaghdadpost.com/ar/Story/192761/%D9%86%D8%A7%D8%A6%D8%A8-%D8%A7%D9%84%D9%85%D8%AD%D8%A7%D9%81%D8%B8%D8%A7%D8%AA-%D9%88%D8%B5%D9%84%D8%AA-%D9%85%D8%B1%D8%AD%D9%84%D8%A9-%D8%A7%D9%84%D8%A5%D9%81%D9%84%D8%A7%D8%B3-%D9%88%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%83%D8%AA%D9%84%D8%A9-%D8%A5%D8%B9%D9%84%D8%A7%D9%85%D9%8A%D8%A9

Iran's militias in Iraq ... terrified rats facing their inevitable fate In February, an Iraqi faction leader who had Iranian training received his hand at the office of his boss, Abu Mahdi al-Muhandis, who was killed weeks ago with Iranian military commander Qassem Soleimani in a US air strike. It was the hope of many of the men of the pro-Iranian factions that this would be the solution to their problems, and that this would succeed the veteran leader Abdul Aziz al-Muhammadawi, the engineer as commander-in-chief of the Iraqi armed factions that dispersed after the killing of the two commanding teachers. Instead, this change led to new divisions. The factions refused to recognize Muhammadawi, known by his dynamic name "Abu Fadak", as the leader of the Popular Mobilization Forces, which the factions are affiliated with. Indeed, some in his faction, the "Hezbollah Brigades", opposed wearing the mantle of leadership, according to some familiar insiders in the faction. The killing of Soleimani and the engineer in January posed a challenge to Iranian-backed factions in Iraq, where the United States wants to reduce the influence of Iran, its enemy in the region. Now, sources in the Iranian-backed factions of the PMF and leaders of groups less close to Iran are talking about increasing disagreements over the leadership and the shrinking of Iranian funds, which frustrates the unity's attempts to face adverse conditions. These differences increase the speed of regression on the political scene, as faction leaders are hiding for fear that the United States will assassinate them and face an anti-Iranian opposition in the streets after they once controlled government positions and seats in Parliament. These leaders face the installation of a prime minister who takes a similar approach to the American one and indicates that he will work to stop the domination of proxy groups working for Iran. The factions have stepped up their attacks against the forces operating under US command in Iraq after facing problems. Western military officials and diplomats say this raises the possibility of an escalation between the United States and Iran that Baghdad will not be able to stop. The focus of the divisions was the leadership of the Popular Mobilization Forces, which was formed to fight ISIS after the Shiite cleric Ali al-Sistani called on all those able to take up arms to confront Sunni militants. The state-funded Popular Mobilization Forces include dozens of factions, most of whom are Shiite doctrine and have different loyalties. However, strong factions that receive their orders from Iran dominate the popular crowd, including the Hezbollah Brigades, whose engineer was its leader, the Badr Organization, the Nujaba Movement, and others. Soleimani had the last say in the most powerful Shiite factions. However, the loss of the engineer, the military commander of the PMF, had more significance for these groups as he was a figure who wrapped everyone around. Increased divisions In February, the Hezbollah Brigades announced that Muhammadawi would become the military commander of the PMF. Now al-Muhammadawi works in the office of the old engineer in Baghdad, according to a senior source in the platoon who asked to hide his identity before talking about the differences between the factions. The source said, "This created divisions including within the Phalanges." He and two other factions described a shift in alliances, including shifts in the ranks of two pro-Iranian factions. They said that the divisions revolve around the succession of the engineer and aspects of spending Iranian money, for military action or for political influence. The first source said, "A camp in the Phalanges led by Abu Fadak. Another camp opposing it controls the PMF." He added, "In (Badr Organization), a wing that supports him and was close to the engineer and another wing he does not support, which is the political wing." The sources did not provide details of the reduction in funding from Iran, which was severely affected by the spread of the Coruna virus and US sanctions. A spokesman for the Popular Mobilization Forces could not be reached for comment. The sources said, that disputes would begin with the factions launching attacks on their own without consulting each other. Referring to an attack that killed two American and British soldiers in March, an official said, "Not everyone has agreed to target the Taji military base." "Some groups operate without consulting with the chain of command in the PMF," he added. Several factions closer to Sistani, who opposes Iran's hegemony over the PMF, have publicly refused to take the leadership in February, in defiance of a pro-Iranian camp. The leaders of those factions said that they agreed in principle with the Ministry of Defense then to integrate into the armed forces, in a move that would separate them from the Iranian-backed factions. A source close to Sistani confirmed that his office had blessed the move. Political weakness worries the factions backed by Iran. "If Sistani supports this, perhaps 70% of fighters of lower ranks in all factions will emulate him as they have joined only in response to his fatwa," the first source said with the factions. None of these steps can be formalized until a new government takes office. However, lawmakers and government officials say it will likely be approved by Prime Minister-designate AdnanAl-Zarfi this month, due to the weakness of the pro-Iranian factions. "Before, factions and politicians backed by Iran could impose those they choose as prime minister," said a deputy from the largest bloc in the Iraqi parliament, asking not to be named. He added, "But now they cannot even agree among themselves on who they want for this position," adding that many prefer Zarrafi to hold this position. Last month, President Barham chose Saleh al- Zarfi, who is opposed by faction leaders backed by Iran. He has indicated that he will toughen up with the factions and post a tweet on Twitter in May, confirming that the loyalty of the PMF will be to Iraq and the Iraqis. The Iranian-backed factions will not quietly surrender. Last week, the Hezbollah Brigades warned that it would stand up to any force cooperating with Washington in attacking the factions. https://www.thebaghdadpost.com/ar/Story/192753/ميليشيات-إيران-في-العراق-جرذان-مرعوبة-تواجه-مصيرها-المحتوم

The coalition of powers calls to warn Iran, through its ambassador, of the danger of interfering in Iraqi affairs 2020-04-02 On Thursday, the deputy head of the Iraqi Parliamentary Alliance bloc Raad Dahlaki called on the Ministry of Foreign Affairs to summon the Iranian ambassador in Baghdad and hand him a note of protest and a final warning about the danger of interference in Iraqi affairs, stressing that Iran must solve its problems with America outside the Iraqi borders. Al-Dahlaki said in a statement that Alsumaria News received from him, "The talk of the so-called advisor of the Leader of the Islamic Revolution called Yahya Safawi on the legitimate defense of Iraq in the face of the American adventures is inevitable. Whoever interferes in the internal Iraqi affairs, Iran is no less evil against Iraq than America and other countries that have made Iraq an arena to settle their accounts, because all of them are more dangerous to Iraq than the Corona epidemic. " Al-Dahlaki stressed that "Iraq has said it over and over again that it has not and will not be part of the regional game and the policy of the axes, and Iraq will remain for the Iraqis only." In Iraqi affairs, and to stop the applauding applauding trumpets. " Al-Dahlaki called on the Ministry of Foreign Affairs to "summon the Iranian ambassador in Baghdad and deliver him a note of protest and a final warning about the danger of interfering in the Iraqi affairs," stressing that "Iran must solve its problems with America outside the Iraqi borders." Editor: Rafid Sabba https://www.alsumaria.tv/news/سياسة/340212/تحالف-القوى-يدعو-لتحذير-ايران-عبر-سفيرها-من-خطورة

With low prices ... How will Iraq pay 3 billion to oil companies within three months? 02/04/2020 The information / translation ... A report of the French Press Agency stated that with low oil prices, the Iraqi oil sector faces a triple threat of declining revenues, the risk of deteriorating production and causing problems in the country's future exports. The report, which was translated by the information, stated that "the collapse of world oil prices means that the monthly crude oil revenues for Iraq have decreased by half from February, about 2.99 billion dollars only in March." He added that " Iraq, the second largest producer of crude oil in OPEC, is paying oil companies $ 3 billion every three months to extract crude, and with low prices, the Iraqi government is looking closely to reducing costs and delaying payments." He continued that "Basra Oil Company asked last week from the World Trade Organization to accept a delay in six months of payments and reduce work budgets by 30 percent, while the assistant director of the Basra Oil Company and the signer of the request letter, Khaled Hamza Abbas, said that" the delay in the first quarter payments is necessary and we asked Also the delay in the second quarter in anticipation of this, but the oil companies have not responded yet. The report continued that "the international oil companies take independent measures, and according to internal messages, Exxon Mobil, the largest oil company, asked secondary contractors to reduce the total cost with other companies that requested discounts from suppliers." A source with the main operator in the south said that "the international companies are suffering from financial hardship", the problem does not stop there, as international oil companies cost IraqIn a quarter of every year, the cost of extracting oil and the Iraqi government pays them oil for that, which means, according to an Iraqi official, that "with low crude prices, the Iraqi government will have to use all of its crude and will have nothing to sell." It is reported that Iraq depends on oil revenues for more than 90 percent of the country's expenditures. His budget for 2020 was based on a barrel price of $ 56, more than double the current price. Ended / 25 z https://www.almaalomah.com/2020/04/02/466174/

Central Bank: We will begin to enhance bank balances abroad through the foreign currency sale window 1/04/2020 Information / Baghdad The central bank announced, on Wednesday, that it will begin to enhance bank balances abroad through the sale of foreign currency, pointing out that there has been no change in its policy in financing trade and imports, which will be resumed after the ban is completely lifted. The bank said in a statement received / information /, that "the efforts of the various institutions in our country come together to combat the Corona epidemic and come out safely from this crisis, so we invite banks, exchange companies and electronic payment companies to take their responsible role at this stage." He added, "The curfew has affected the activities and actions of all official institutions, including the Central Bank of Iraq. We have taken the initiative to employ our cadres in order to sustain the payment of salaries and finance of food, agricultural, medical and all necessary materials." He stressed, "There is no change in its policy in financing trade and imports, which will resume after the ban has been completely lifted. As for the current stage, the bank will begin to enhance the bank balances abroad through the foreign currency sale window according to a schedule of working days and according to the requirements of the situation and this is reported. Going first, for the purposes of financing the import credits of foodstuffs, agricultural supplies, medical materials and goods necessary for the country and citizens. 25 n ended https://www.almaalomah.com/2020/04/01/466049/

"Save the Iraqi dinar" .. The deterioration of the currency by the rise of the dollar will destroy the poor first ... and the solution with the "Central Bank" Wednesday 01 April 2020 Baghdad / Sky Press The US dollar recorded a rise, as it reached in some areas to 126 thousand dinars against the 100 Iraqi dollars, while questions were raised about the role of the central bank in that. And the local media reported, the high dollar exchange rate against the Iraqi dinar, while some regions recorded 126 thousand dinars in front of a class of 100 US dollars, after it was 123 thousand dinars, when the markets opened. Media outlets reported that "the rise in the price of the dollar is due to the crisis in the spread of corona and the closure of the central bank." Security and political expert Fadel Abu Ragheef wrote in a tweet: Begins with the deterioration of the dollar's rise, "considering that" the security, social and living situation is linked to the economic situation, and the central bank must immediately and by urgent action to pump more dollars to control the rise of the reprehensible dollar. " He emphasized that "the poor are the first to be affected by the Iraqi dinar, the matter must be addressed immediately."

Trump's advisor to “Maalouma”: Al-Zarfi is an American citizen and we are not against his assumption of the post of Iraqi prime minister 01/04/2020 Information / private ... Gabriel Soma, the US President’s advisor in the Middle East, confirmed on Wednesday that the Iraqi Prime Minister-designate, Adnan Al-Zarfi, is an American citizen and we are not against his appointment. "Al-Zarfi is an American citizen and we have not nominated him to take over the post of Iraqi prime minister," Sauma told Al-Maalouma, noting that "many of the personalities in the Middle East are American citizens and hold presidential and royal positions." He added that "the United States of America does not oppose the assignment of al-Zrafi to the post of prime minister," noting that it "will support al-Zorfi if he achieves the fight against corruption and the stability of Iraq ." A report issued by the US Defense of Democracy website on Middle East politics confirmed earlier that Adnan al-Zarfi’s nomination as prime minister is an opportunity for the United States. It ended 25 T. https://www.almaalomah.com/2020/04/01/466003/

Tuesday, March 31, 2020 10:19 AM The central bank denies infection of its governor with Corona virus The Central Bank denied the rumors that his governor, Ali Mohsen Al-Alaq, was infected with the Corona virus, confirming his personal safety, his commitment and his commitment to all preventive measures and instructions of the concerned authorities. He said in a statement: "While he wishes safety for all Iraqis, the Central Bank urges the media to be accurate during the news circulation, and to receive it from its sources, in order to ensure credibility in front of public opinion." Media sources had indicated that Central Bank Governor Ali Mohsen Al-Alaq and his family had contracted the Corona virus. https://www.thebaghdadpost.com/ar/Story/192577/البنك-المركزي-ينفي-إصابة-محافظه-بفايروس-كورونا

The Ministry of Finance told “Maalouma”: printing the currency needs a decision from 4 sides and the salaries are insured 3/31/2020 Information / Baghdad .. The Ministry of Finance confirmed, on Tuesday, that the salaries of employees are fully insured and there is no need to print the currency in order to pay it, noting that printing the currency needs a decision from four sides. The Ministry's media director, Taha al-Hashemi, said in a statement to "Information", that "the news that some sites and media have circulated about printing currency without health", indicating that "printing the currency needs to issue a high-level decision from the Council of Ministers, the Advisors Authority, the Ministry of Finance and the governor of the bank Central. ” Hashemi added, "The matter was not formally presented in cabinet meetings," noting that "employee salaries are fully insured and we do not need to print a local business to pay employee salaries." Ended / 25h https://www.almaalomah.com/2020/03/31/465686/