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Report: The local purchasing power in Baghdad is 9.21% lower than Erbil


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Date of release:: 2019/3/31 13:07  66 times scheduled
Planning: Lower inflation during February and the annual rise
(Baghdad: Al-Furat News) The Ministry of Planning announced on Sunday the low monthly inflation rate and the annual increase for the month of February.
The spokesman for the ministry Abdul-Zahra al-Hindawi said in a statement received by the agency {Euphrates News} a copy of it, "the index of the month of February of 2019 in Iraq was (104.4%), decreased by (0.5%) compared to January 2019 The food and non-alcoholic beverages sector decreased by 1.1%, clothing and footwear by 1.2%, housing by 0.5%, and communication by 0.3%. 
He added: "The annual inflation rate increased during the month of February 2019 to {0.4%} compared to February 2018, when the index reached (104.0%), while the index of inflation base rate of {0.1%} from the previous month and rose by 0.3% } Compared to February 2018. "Done
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Planning: Lower monthly inflation and annual rise

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http://almasalah.com/ar/news/167684/التخطيط-انخفاض-التضخم-الشهري-وارتفاع-السنوي

 

BAGHDAD - The Ministry of Planning announced on Sunday March 31, 2019, the decline in inflation for the month of February, while annual inflation rose for the same month.

"The general index for February of this year 2019 in Iraq was 104.4 percent, down by 0.5 percent compared to January 2019," ministry spokesman Abdul Zahra al-Hindawi said in a statement. , Non-alcoholic beverages by 1.1%, clothing and footwear by 1.2%, housing by 0.5% and communication by 0.3%.

He added: "The annual inflation rate increased during the month of February 2019 to 0.4% compared to February 2018, when the index reached 104.0%, while the index of inflation index basis of 0.1% from the previous month and rose by 0.3% compared with February 2018.

The Center for Statistics and Information Technology announced in January 2012 that it has started to use mechanization to collect different prices and at specific times, rather than the paper form in force, stressing that this will contribute to the speed of collection and accuracy of prices and correct their calculation in case of errors.

Edited by 6ly410
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Planning: Lower inflation during the month of February
 
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 money and business


Economy News _ Baghdad

The Ministry of Planning announced on Sunday the low rate of monthly inflation and the annual rise of February. 
The ministry's spokesman, Abdul-Zahra al-Hindawi, said in a statement received by the "Economy News" a copy, "The index of the month of February 2019 in Iraq was (104.4%), decreased by (0.5%) compared with the month of January 2019 "He said. 
"The reason for this is the decrease in food and non-alcoholic beverages by 1.1 percent, clothes and shoes by 1.2 percent, housing by 0.5 percent and communication by 0.3 percent," he said. 
He pointed out that "the annual inflation rate increased during the month of February 2019 to (0.4%) compared to February 2018, when the index was then (104.0%)," Mirdafa: "while the index of inflation declined by 0.1% The former rose by (0.3%) compared with the month of February 2018.


Views 99   Date Added 31/03/2019

http://economy-news.net/content.php?id=16039
 
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O.k. look ,---- the ministry of planning ---. Inflation is down for February , but inflation is up in February also .... ( Thinking 🤗 ---- the ministry of.finance just might want a thinker in his cabinet ! 😁 )  He didn't even catch the goofy comment ... 

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Iraq 's economy is showing a decline and a rise in inflation
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 Twilight News    

 2 hours ago



 

The Ministry of Planning announced on Sunday the low rate of monthly inflation and the annual rise for the month of February.

 

The ministry's spokesman Abdul-Zahra al-Hindawi said in a statement to the twilight news that the general index for the month of February 2019 in Iraq was (104.4%), decreased by (0.5%) compared with the month of January 2019, (1.1%), clothing and footwear (1.2%), housing (0.5%), and communication (0.3%).

 

Hindawi added that the annual inflation rate increased during the month of February 2019 to (0.4%) compared to February 2018, when the index reached (104.0%), while the index of inflation index basis (0.1%) from the previous month and increased by (0.3%) compared to With the month of February 2018.




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http://www.shafaaq.com/ar/Ar_NewsReader/9e1fdcff-861a-42a5-9f01-cc04ba6efec0
 

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  • yota691 changed the title to Central Bank sold more than 3.3 billion dollars in February
 
Tuesday, April 2
 
 
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Alsumaria News / Baghdad , 
said the Central Bureau of Statistics ( NBS ) on Tuesday that the quantity sold by the Central Bank during the month of February during the auction totaled more than $ 3.3 billion. 

"The bank sold during its daily auction in February and from 3 to 28 of the month 3 billion and 306 million and 831 thousand and 729 dollars," the agency of the Ministry of Planning said in a report, which was seen by Alsumaria News. "The exchange rate reached 1200 dinars. "

 


He added that "the total cash sales during the auction amounted to 455 million and 890 thousand dollars during the same month, while the total foreign transfers of transfers and credits 2 billion and 850 million and 941 thousand and 729 dollars." 

"Sales for February 2019 are lower than in the same month of 2018, which amounted to 3 billion, 790 million, 446 thousand and 205 dollars," the report said. 

It is noteworthy that the Central Bank is conducting daily meetings to buy and sell foreign currencies, except public holidays, which stops the bank from these auctions.

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Iraqi News Agency Information / INA
02/04/2019 14:24:00 PM | Number of readings: 18

Conscious / Central Statistics: The quantity sold by the Central Bank amounted to more than 3.3 billion dollars

 



Conscious / Baghdad / Z.

The Central Bureau of Statistics announced Tuesday that the quantity sold by the Central Bank during the month of February during the auction amounted to more than 3.3 billion dollars.

According to a report received by the agency ( Iraqi news agency Allam Allam / INA ) that "the bank sold during the daily auction in the month of February and starting from 3 to 28 of the month 3 billion and 306 million and 831 thousand and 729 dollars," noting that "the exchange rate reached 1200 dinars. "

He added that "the total cash sales during the auction amounted to 455 million and 890 thousand dollars during the same month, while the total foreign transfers of transfers and credits 2 billion and 850 million and 941 thousand and 729 dollars."

"Sales for February 2019 are lower than in the same month of 2018, which amounted to 3 billion, 790 million, 446 thousand and 205 dollars," the report said.

It is noteworthy that the Central Bank is conducting daily meetings to buy and sell foreign currencies, except public holidays, which stops the bank from these auctions.

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  • yota691 changed the title to The cost of living in Iraq compared to the countries of the world
 
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 Reports


Economy News _ Baghdad

A report published on the site "Numbio", which means the standard of living of the world, for the month of April 2019, the cost of rental housing role in Iraq less than rent the role in the United States by 71.53%. 
"The cost of living in Iraq is 43.43 percent lower than the United States," the report said. 
The report pointed out that "the cost of living index in Baghdad is ranked 298 out of 448 cities in the world," noting that "the cost of living index in Erbil, less than the capital Baghdad by 8.57%." 
Numbio is one of the sites launched in 2009 and is a source of many international newspapers and magazines.


Views 23   Date Added 04/18/2019

 
 
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Editor Hussam Al - Khafaji - Thursday, 18 April
 
 
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Alsumaria News / Baghdad
, a report published on the website "Nompio", which means the standard of living of the countries of the world, for the month of April 2019 that the cost of housing rent role in the detection of Iraq less than the rent role in the United States by 71.53%. 

"The cost of living in Iraq is 43.43 percent lower than the United States," the report said. 

The report pointed out that "the cost of living index in Baghdad is ranked 298 out of 448 cities in the world," noting that "the cost of living index in Erbil, less than the capital Baghdad by 8.57%."

 


Numbio is one of the sites launched in 2009 and is a source of many international newspapers and magazines.

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 A record rise in deposits in Iraq

Economic development 17/04/2019 73
 

The Association of Iraqi private banks, a record rise in the volume of financial deposits in government and private banks, for the first time since 2014, which witnessed the invasion of the organization of several cities and north and west of the country, and the collapse of oil prices, which led to the entry of Iraq in A stifling financial crisis that has led to the adoption of austerity policy and the cancellation of thousands of development projects.

Ali Tariq, executive director of the Association of Banks, an organization licensed by the authorities to monitor financial transactions in banks, said government and private deposits rose by 9.84 trillion dinars (about 8.8 billion dollars) last year, a year earlier than the previous year.

Tariq said in a statement that the deposits amounted to 76.89 trillion dinars, compared to 67.05 trillion dinars in 2017.

He attributed the rise in deposits to "the measures of the Central Bank in supporting the banking sector, both government and private, in addition to the elimination of Iraq from the financial crisis that hit in 2014 due to falling oil prices and improved security after the elimination of the organization.

Iraq has 30 government and private banks, most notably Rafidain, Rashid, Industrial, Commercial, Real Estate, Baghdad, Iraqi Investment, Dar es Salaam and the Middle East.

"The relationship between the citizen and the banking sector is witnessing a great improvement after the procedures of the Central Bank, including the settlement of salaries of employees in the public and private sectors and facilitate the procedures of bank cards and others."
He pointed out that other factors contributed to the increase in deposits, including the increase in the geographical spread of banks through the increase in the number of branches and the provision of electronic payment tools, and expected to increase deposits in the coming years, after the establishment of the company "Deposit Guarantee" by the Central Bank.

A senior Finance Ministry official said in a press statement that there was a plan with the help of World Bank experts to withdraw active funds outside the banking sector to banks, pointing out that it aims to increase deposits to 100 trillion dinars (88 billion dollars) in 2022.

The official added: "Reports confirm that more than half of the financial liquidity of the Iraqis save them in their homes, and some of them convert them to the dollar for easy to put in places inside the house difficult to detect thieves, and there are large funds unfortunately go to Turkey, Jordan, Lebanon and Egypt, where he sees Some put it there for the best security reason and also the high benefits of up to 14%. "

"The rise in deposits may be due to the improvement in oil prices and the return of projects and investments that require bank guarantees and also the resettlement of the salaries of retirees who make up a small percentage of the state's paid monthly," said Mohammed Abdul-Karim al-Refai, financial adviser to the Baghdad Stock Exchange. What is more important is: how many of those who came to the banks, opened accounts, left their money and left? "

 
 
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  • yota691 changed the title to A record rise in deposits in Iraq

The Association of Iraqi private banks, a record rise in the volume of financial deposits in government and private banks, for the first time since 2014, which witnessed the invasion of the organization of several cities and north and west of the country, and the collapse of oil prices, which led to the entry of Iraq in A stifling financial crisis that has led to the adoption of austerity policy and the cancellation of thousands of development projects.


Ali Tariq, executive director of the Association of Banks, an organization licensed by the authorities to monitor financial transactions in banks, said government and private deposits rose by 9.84 trillion dinars (about 8.8 billion dollars) last year, a year earlier than the previous year.


Tariq said in a statement that the deposits amounted to 76.89 trillion dinars, compared to 67.05 trillion dinars in 2017.


He attributed the rise in deposits to "the measures of the Central Bank in supporting the banking sector, both government and private, in addition to the elimination of Iraq from the financial crisis that hit in 2014 due to falling oil prices and improved security after the elimination of the organization.


Iraq has 30 government and private banks, most notably Rafidain, Rashid, Industrial, Commercial, Real Estate, Baghdad, Iraqi Investment, Dar es Salaam and the Middle East.
"The relationship between the citizen and the banking sector is witnessing a great improvement after the procedures of the Central Bank, including the settlement of salaries of employees in the public and private sectors and facilitate the procedures of bank cards and others."

He pointed out that other factors contributed to the increase in deposits, including the increase in the geographical spread of banks through the increase in the number of branches and the provision of electronic payment tools, and expected to increase deposits in the coming years, after the establishment of the company "Deposit Guarantee" by the Central Bank.


A senior Finance Ministry official said in a press statement that there was a plan with the help of World Bank experts to withdraw active funds outside the banking sector to banks, pointing out that it aims to increase deposits to 100 trillion dinars (88 billion dollars) in 2022.


The official added: "Reports confirm that more than half of the financial liquidity of the Iraqis save them in their homes, and some of them convert them to the dollar for easy to put in places inside the house difficult to detect thieves, and there are large funds unfortunately go to Turkey, Jordan, Lebanon and Egypt, where he sees Some put it there for the best security reason and also the high benefits of up to 14%. "


"The rise in deposits may be due to the improvement in oil prices and the return of projects and investments that require bank guarantees and also the resettlement of the salaries of retirees who make up a small percentage of the state's paid monthly," said Mohammed Abdul-Karim al-Refai, financial adviser to the Baghdad Stock Exchange. What is more important is: how many of those who came to the banks, opened accounts, left their money and left? "


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https://www.alsumaria.tv/mobile/news/266954/iraq-news?utm_campaign=magnet&utm_source=article_page&utm_medium=recommended_articles.....

Report: The cost of rent in Iraq less than the United States by 71.53%

 
 
 

April 18, 2019

 
 
 

Economy and business

 
Report: Cost ...

 

Alsumaria News / Baghdad
, a report published on the website "Nompio", which means the standard of living of the countries of theworld, for the month of April 2019 that the cost ofhousing rent role in the detection of Iraq less than therent role in the United States by 71.53%. 

"The cost of living in Iraq is 43.43 percent lower than the United States," the report said. 

The report pointed out that "the cost of living index in Baghdad is ranked 298 out of 448 cities in the world," noting that "the cost of living index in Erbil, less than the capital Baghdad by 8.57%."

 

Numbio is one of the sites launched in 2009 and is a source of many international newspapers and magazines

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 money and business


Economy News _ Baghdad

A report published on the site "Numbio", which means the standard of living of the world, for the month of April 2019, that what the citizen spends in Iraq on basic services of $ 107 per month.

"What citizens spend in Iraq on basic services, including electricity, heating, cooling, water and garbage, at an average of $ 107.1 per month, is limited to $ 50 to $ 200 a month," the report said.

"The prepaid mobile phone tariff is $ 0.10, while the Internet costs 60 Mbps or more at $ 40.22 a month," the report said.

Numbio is one of the sites launched in 2009 and is a source of many international newspapers and magazines.


Views 26   Date Added 04/23/2019

 
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Report: What the citizen spends on basic services in Iraq is $ 107 per month

 

Editor Hossam Al - Khafaji - Tuesday, April 23,

-

 

 

Sumerian News / Baghdad 
A report published on the site "Numbio", which means the standard of living of the world, for the month of April 2019, that what the citizen spends in Iraq on basic services of $ 107 per month. 

The report, which was read by Alsumaria News, that "what the citizen spends in Iraq on basic services, which include electricity, heating, cooling, water and garbage, an average of $ 107.1 per month, and is limited to the range of 50 to 200 dollars per month.

 

Report: The cost of rent in Iraq less than the United States by 71.53%

Global site: The Iraqi citizen spends about a third of his monthly salary on the markets



"The prepaid mobile phone tariff is $ 0.10, while the Internet costs 60 Mbps or more at $ 40.22 a month," the report said. 

Numbio is one of the sites launched in 2009 and is a source of many international newspapers and magazines.

https://www.alsumaria.tv/news/267404/تقرير-ما-ينفقه-المواطن-بالعراق-على-الخدمات-الأساسي/ar

 

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  • yota691 changed the title to Report: Cost of living in Iraq more than Egypt and less than Lebanon
 
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 money and business


Economy News _ Baghdad

The cost of living in Iraq is more than that of Egypt and less than Lebanon, according to a report published on the website "Numbio" which deals with the standard of living of the countries of the world.

"The cost of living in Egypt is 29.09 percent lower than in Iraq for all cities," the report said, according to the latest update in April. "This percentage did not take the rent into consideration."

"The rent in Egypt is 52.98 percent lower than in Iraq," he said.

The report pointed out that "the cost of living in Lebanon is 48.64% higher than in Iraq for all cities," noting that "this proportion does not take into account the rent."

"Rent in Egypt is 52.98 percent lower than in Iraq," the report said.

The Nombio site is one of the sites launched in 2009 and is considered as a source by many international newspapers and magazines including BBC, Time, The Forks, Forbes, The Economist, Busines Incider, San Francisco Chronicle, New York Times, The Telegraph, The Edge, The Sydney Morning Herald, China Daily, Washington Post, USA Today and dozens of other websites and media.


Views 35   Date Added 04/28/2019

 
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  • yota691 changed the title to Iraq: Higher cost of living doubles the phenomenon of double work
 
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 money and business


Economy News _ Baghdad

Iraqis find themselves trapped by the high cost of living, forcing many of them to work double to provide income sufficient to meet the needs of their families of food and pay for the study of their children and rent housing and other needs. 

An Iraqi official in the Ministry of Planning, the "New Arab", reveals the number of Iraqis who work more than one job a day, stressing that they exceed six million people. 

According to the official, who declined to be named, most of those who do two jobs a day (morning and evening) are state employees, as taxi drivers, accountants or salespeople in offices and private companies, to manage living, especially those who live in rented homes or have Great treatment expenses. 

He added that most Iraqi employees do not get enough income from their jobs and there is no clear law currently prevents double work. 

Economist Muzahim al-Hassani says that about one-third of Iraqis today can be considered as poor and affected, and these have found them competing in middle-class jobs that are also trying to meet their needs.

"Income rates are weak and are not commensurate with the citizens' need for food, drink, clothing, treatment and wages, especially for those with very low income, as well as contractors who have not been hired in the state," he added.

"The poverty rate in Iraq has exceeded 30 percent with a clear rise in the prices of purchases, so there is no equality between income and monthly spending, and forced home to work double to provide for the needs of his family." 

He pointed out that the Iraqi family of six people must have income of one million dinars a month (about 850 dollars), if living in a rented house, and the limits of 600 thousand dinars (about 500 dollars), if the house is private property. 

Adel Amran, 30, a contractor with the Ministry of Municipalities in the street cleaning work, says to the "new Arab": "I get 400 thousand dinars a month ($ 330), not enough to meet the rent of the house and the expenses of my family, so I work after the end of work in An exhibition to sell cars until midnight ". 

"I no longer feel the taste of life. Every day I work, and I rarely spend time with my family until the end of the week, but the hand is not a ploy. We have to work to provide what we need. Prices are high and income is limited."

The case of Sami Hussein, 41, is very different. He works twice a day in a library and at night runs a generator in the neighborhood where he lives. 

"Employment has become very difficult. Unemployment is increasing and job opportunities are constantly shrinking, especially with thousands of factories and factories stopped since 2003," Sami says. 

The Central Bureau of Statistics of the Ministry of Planning said in a recent report that the rate of unemployment among young people in 2018 for the age group between 15 and 29 years, amounted to 22.6%, higher than the national average of 74%, noting that the unemployment of males for this category amounted to 18.1 And 56.3% in females. 

The report added that the rate of youth participation in the labor force was 36.1%, indicating that young males accounted for 61.6% compared to 8.8% for young females. 

The International Monetary Fund announced in May 2018 that the youth unemployment rate in Iraq is more than 40%. 

Sami said: "I am not an employee to receive a salary may be enough for the end of the month, so I work twice to support my family and save the expenses of the house from the food and clothing and treatment and wages of water and electricity, which began to state the prices gradually doubled. 

State employees did not escape dual work, some of them working as a taxi driver and others in shops, libraries or other professions.

"I work as an employee in a state department and earn 650,000 dinars a month (530 dollars). My house rent only needs 300 dollars a month, so I have to work after work. Taxi driver for a few hours after the end of my official swirl. " 

According to a report published by the site "Numbio", on the standards of living in the world, the standard of living in Iraq is higher than Egypt and less than Lebanon.

"The cost of living in Egypt is higher than that of Iraq by 29.09 percent, while the cost of living in Lebanon is 48.64 percent higher than in Iraq," the report said. 

The report revealed that the Iraqi citizen spends on basic life services up to $ 107 a month. 

But observers said the report's report on Iraq's monthly spending was inaccurate, because spending rates were much higher. 

Oil-rich Iraq faces stifling economic and financial crises that have led to increased budget deficits. Many provinces have witnessed in previous periods popular demonstrations in protest against the deterioration of services and the cost of living and the aggravation of unemployment.


Views 17   Date Added 05/05/2019

 
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  • yota691 changed the title to Association of Iraqi Private Banks: 23% of Iraqi adults deal with the banking sector
 
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 Banks


Economy News _ Baghdad

The Association of Iraqi Private Banks announced the increase in the number of customers with the banking sector to about 23% of adults in Iraq after it was 11% in 2014 as a result of increased confidence between the citizen and the banking sector. 
The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, in a press statement received by "Economy News", "The relationship between the citizen and the banking sector began to improve very significantly, during the current stage, for several reasons, including the support provided by the Central Bank of Iraq to the banking sector and openness Iraq on foreign trade and the procedures of the Central Bank in the fight against money laundering and the financing of terrorism and the settlement of salaries of state employees and others. 
He pointed out that "the majority of customers with the banking sector are young people, which has increased the number of customers with the banking sector to about 23%," noting that "the proportion of Iraqis who manage their bank accounts through mobile portfolios rose to 4.2% In 2014 ". 
"Nearly 20 percent of Iraqis receive and send money through modern payment tools, through the purchase of the Internet and the payment of electricity, Internet and other fees," he said. 
He pointed out that "the activities set up by the Central Bank of Iraq and the Association of Iraqi private banks on the occasion of the week of financial inclusion in cooperation with the Arab Monetary Fund, in universities and commercial and cultural centers with the participation of the majority of banks operating in Iraq, will contribute to strengthening the relationship between the citizen and the banking sector through his knowledge of banking products Which suits him. "


Views 24   Date Added 05/07/2019

 
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  • yota691 changed the title to Report: The local purchasing power in Baghdad is 9.21% lower than Erbil

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