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

[yota691]

Central Bank of Statistics: The number of fixed line lines increased by 5% during 2017

 

Thursday, December 6

 

 

 

The  number of fixed line lines increased by 5% in 2017, while the number of mobile lines reached 40 million lines, the Central Bureau of Statistics announced on Thursday.  He said the Ministry of Planning device in a report and seen by Alsumaria News that " the number of fixed telephone lines reached 2.1 million for the year line 2017 to 2 million lines for the year 2016 at a high of 5% , " noting that " the telephone density of fixed telephones for the All of Iraq except the province of Kurdistan 7.3 per 100 people, while the provinces of Najaf and Diyala, the highest percentage of telephone density and by 12.1 and 10.4, respectively.     "The number of mobile phone lines for companies operating in Iraq, including the Kurdistan region reached 40 million lines, while the telephone density of those phones per 100 people was 107.7 for the year 2017, while the number of wireless telephone lines for companies operating except Kurdistan region is 634.4 thousand lines for the year 2017 ".  "The number of mobile Internet service lines for companies operating in Iraq is 19.2 million lines, while the wireless Internet service of companies operating in Iraq is 185.1 thousand lines for the year 2017," the agency said.  Citizens began using mobile phone instead of landline phones after 2003, while the Ministry of Communications is trying to restore these lines to its former era.

[yota691]

Planning: 5% fixed line ratio during 2017

 

money and business Economy News _ Baghdad The Central Bureau of Statistics announced on Thursday that the number of fixed lines by 5% during 2017, indicating that the number of mobile lines reached 40 million lines.  "The number of fixed telephone lines reached 2.1 million lines for the year 2017 compared to 2 million lines for the year 2016, a rise of 5 percent," the ministry said in a report received by "Economy News" a copy of it, "noting that" Iraq, except Kurdistan, was 7.3 per 100 people, while the provinces of Najaf and Diyala occupied the highest percentage of telephone density and by 12.1 and 10.4, respectively.  He added that "the number of mobile lines of companies operating in Iraq, including the province of Kurdistan amounted to 40 million lines, while the telephone density of those phones per 100 people 107.7 for the year 2017, while the number of wireless telephone lines for companies operating except Kurdistan province 634.4 thousand lines for the year 2017 ". "The number of mobile Internet service lines for companies operating in Iraq is 19.2 million lines, while the wireless Internet service of companies operating in Iraq is 185.1 thousand lines for the year 2017," the agency said. Views 0   Date Added 06/12/2018

[yota691]

 

Planning: Lower inflation during the last month and annual rise

Editorial Date: 2018/12/18 9:40 • 80 times read

(Baghdad: Al-Furat News) announced the Ministry of Planning, the decline in the rate of inflation during the month of November last by 0.5% compared with the month of October, compared to an increase in the annual inflation rate by 0.8%.

The Director of Information and Spokesman of the Ministry of Planning Abdul-Zahra al-Hindawi said in a statement received by the agency {Euphrates News} a copy of it, "the index of the month of November 2018 in Iraq has reached (105.1%) where it decreased by {0.5%} compared to October 2018 This was due to the reduction of the food and non-alcoholic beverages by (1.8%), the household equipment and maintenance (0.1%), transport (0.8%) and the recreation and culture (0.4%). 
"The inflation index fell by 0.2 percent from the previous month and fell by 0.1 percent compared to 2017. The annual inflation rate in November 2018 rose to 0.8 percent compared to November 2017, {104.3%} ".
Hindawi attributed this to " the monthly change {November 2018 month compared to October 2018 month} where record food and beverage non - alcoholic decrease of {1.8%} to contribute by {97.5%} in the monthly rate of change and come changes as a result of what comes: 
• Low range bread and cereals by {0.3%}. 
• low meat group by {0.3%}. 
• low fish group by {6.1%}. 
• low fruit set by {0.1%} 
• low vegetable group by {6.7%}. 
Hindawi pointed to "The tobacco department recorded an increase of 0.7% to contribute by -1.0% in the monthly change rate, and the clothing and footwear section recorded an increase of 0.7% By {are} -8.3% in the monthly rate of change due to higher clothing set prices by {0.8%} and a shoe by {0.5%}. "
"The Housing Department recorded a rise of (0.1%), contributing 4.6% to the monthly change rate. The increase was due to the increase in the fuel group by 0.7%, the rental group by 0.3% By (0.2%) ". 
"The household equipment and maintenance sector recorded a decrease of 0.1%, contributing 1.2% to the monthly change rate due to the decrease in the prices of the household appliances group by 0.1%. The Health Department recorded a rise of 0.8% {-7.5%} in the rate of monthly change. "
"The Transport Section recorded a decrease of 0.8%, contributing 22.2% to the monthly change rate. The communication department maintained the same level of monthly change. The Entertainment and Culture Section recorded a decrease of {0.4%} to contribute 1.5% } In the monthly change rate, and the Education Department increased by {0.1%} to contribute {-0.2%} in the rate of monthly change. " 
Al-Hindawi said that "the restaurants and hotels department maintained the same level of monthly change, and the miscellaneous goods and services section increased by (0.1%) to (-0.8%)."
He pointed out that "the annual change [November 2018 compared to November 2017] and the food and non-alcoholic beverages sector increased by (2.0%) to contribute by (71.0%) in the rate of annual change and the changes come as a result of the increase of vegetables by 16.9% , The non-alcoholic beverages group increased by 0.2% and the tobacco division recorded a decrease of 0.2%, contributing -0.3% to the annual change rate. The clothing and footwear section recorded a decrease of 1.9% to 16.3% Due to the decrease in the prices of the clothing group by (1.5%) and the shoes group by (3.4%) and the housing section decreased by (0.8) %} Contributing {-28.9%} to the annual rate of change due to lower maintenance and housing services (3.6%) and rent (+ 2.2%).
"The household equipment and maintenance department recorded a decrease of 1.8%, contributing 14.9% to the annual rate of change due to the decrease in furniture and equipment prices by 2.7%, the household appliances group by 1.3% A growth of {3.1%} contributing 18.8% to the annual rate of change. The Transport Section recorded an increase of {3.8%} to 69.0% in the annual rate of change and a decrease of {2.8%} to 12.5% %) In the annual rate of change. The Recreation and Culture Section recorded an increase of 10.2%, contributing 22.3% to the annual rate of change. AED {0.7%} to contribute by {1.1%} in the annual rate of change. "
The Ministry of Planning said that "the restaurants and hotels department recorded a decline of (2.5%), contributing by (-5.4%) to the annual rate of change, and the miscellaneous goods and services division decreased by 0.7% ".is over

[yota691]

Iraq is in the last place "globally" for gender equality and economic participation

 

Wednesday, December 19,

 

 

Alsumaria News / BAGHDAD - Iraq has been named among the last ranks in the fields of gender equality and economic participation "globally", while it has received other "good" in the field of health and politics. According to the World Economic Forum, Iraq ranked 147th in the world out of 149 before Yemen and Pakistan, followed by Iraq, Syria, Chad and the Democratic Republic of Congo. Iraq has been able to obtain good health, survival and political participation in the World Report on the Gender Gap, issued by the World Economic Forum.     In the axis of "economic participation", Iraq came in the last rank with 149 global occupation at a rate of 0.551 points.  On the level of "educational attainment", Iraq occupied the 136th position in the world by 0.829 points.  In the center of health and survival, the country has settled in the "good", where it ranked 76th globally by 0.975 points.  In the "political participation", Iraq was able to get the rank of 90 by 0.135 points.  On the other hand, Tunisia topped the Arab list in the ranking, after being ranked 119th in the world, followed by the UAE in the 121st place, Qatar in the 127th place, then Algeria in the 128th place.  While Bahrain came in the 132nd place, followed by Egypt at 135th place, Mauritania at 136th place, Morocco at 137th place, Jordan at 138th place, Oman in 139th place, Lebanon in center 140, Saudi Arabia in 141st place, Syria at 146th place, Iraq at 147th place, and Yemen ranked 149th in the world.  According to the report, despite continued regional progress, bridging the gender gap in the region's economies will take 153 years at the rate of change.  In terms of the best countries classified as gender equality, they were led by Iceland, Norway, Sweden, Finland, Nicaragua, Rwanda, New Zealand, the Philippines, Ireland and Namibia.  The World Economic Forum (WEF) is an independent non-profit international organization dedicated to developing the world by encouraging businesses, policies, scientific and social leaders to shape the world, as well as regional and industrial agendas.

[yota691]

Central Bureau of Statistics: The economic activity rate for women reached 14.5%

 

Wednesday 19 December

 

 

 

 

Alsumaria News / Baghdad  The Central Bureau of Statistics, Wednesday, the rate of economic activity for women amounted to 14.5%, indicating that their unemployment rate reached 22.2%.  "The rate of economic activity at the age of 15 years and above was 43.2%," he said. "The participation of women in this activity is small, reaching 14.5% compared to the participation of men who reached 7201%."         "The rate of unemployment for individuals aged 15 years and over 10.8% and the unemployment rate of women by 22.2% compared to the unemployment rate among men 8.5%." Iraq has been among the last  names in the fields of gender equality and economic participation globally, according to the World Economic Forum .

[yota691]

Planning: 3 million 300,000 people living in slums

Friday, December 28, 76

 

 

Baghdad / Omar Abdul Latif

 

The Ministry of Planning plans to implement a comprehensive national survey of slums early next year.

The ministry spokesman Abdul-Zahra al-Hindawi told «morning»: that 3 million and 300 thousand citizens live in slums spread across the provinces, which should be addressed 530 thousand housing units live in these citizens within the development plans developed by the ministry in cooperation with other ministries.

He pointed out that the Higher Steering Committee of the Slum Treatment Project approved a roadmap that includes procedures related to the technical work framework and other legal and financial aspects, as well as the institutional framework and providing the necessary inputs for work and follow-up. He explained that the treatment program includes three main stages: preparation, preparation and direct, Treatment and reduce the aggravation of the phenomenon of slums according to an annual schedule depends on the timing of the investment plan and the budget of the development of the provinces to include all the provinces and over 4 years and according to the province, while the third phase includes the treatment of causes Nsho Slums in order to stop and prevent their recurrence in the future, and at this stage is organized residential land administration file and establishing the provision of facilities in the area of finance-style loan system or the provision of financial support and liquidity.

Al-Hindawi said that the Central Bureau of Statistics in the Ministry intends to conduct a comprehensive national survey of the slums to find out the details of its inhabitants and the extent of the possibility of rehabilitation and the establishment of alternative complexes through the exploitation of some areas that can be invested in this aspect.

He explained that the slums survey aims to determine the location of random housing, the ownership of the land, the type of urban fabric of the gathering, its overall condition, the availability of services and infrastructure, whether or not the road leading to the assembly, as well as the enumeration and numbering of buildings and families in informal settlements, and providing data on families living in informal settlements, The work of the field researcher for the random gathering, indicating that all this distributed among four special forms filled by field staff.

[10 YEARS LATER]

Every Foot Damn Dragging Day the misery goes on for these people with literally no end to it . . .  what a disgraceful & despicable government . . . these people need action, not more empty rhetoric from these buffoons.

[yota691]

The cost of living in Baghdad is lower than New York by 54.65%

 

Shorja market in Baghdad

Reports Economy News Baghdad , a  report published on the website "Nompio", which means the standard of living of the countries of theworld, the cost of living in Baghdad is revealed less than the US New York City by 54.65%.  "The monthly cost of a family of four living in Baghdad is 2 million and 62 thousand dinars," the report said, noting that "this cost does not include rent."  He added that "the monthly costs of one person without a rent of 608 thousand and 69 dinars," indicating that "the cost of living index in Baghdad is 54.65 percent lower than in New York City." The report noted that "the cost of living in Baghdad is ranked 269 out of the 432 cities in the world." Numbio launched in 2009 and is considered a source by many international newspapers and magazines. Views 49   Date Added 01/06/2019

[yota691]

Planning: Lower annual inflation rate during 2018 by 0.1%

 

money and business Economy News _ Baghdad The Ministry of Planning announced on Tuesday that the annual inflation rate during the last year 2018 decreased by 0.1% and monthly by 0.6%.  The ministry spokesman Abdel-Zahra al-Hindawi said in a statement received by the "Economy News" a copy, "The rate of inflation during the last month of the year 2018 decreased by 0.6%, compared to the month of November, while the annual inflation rate is also a decrease By 0.1% compared to the month of December of 2017. He attributed the decline in inflation during the month of December to "the decline of food and non-alcoholic beverages by 1.1%, the housing section decreased by 0.7%, the transport section by 1.7%, and the hotels and restaurants by 0.1%," noting that "inflation The basis fell by 0.3% from the previous month and the same percentage compared to the month of December of 2017. Views 9   Date Added 22/01/2019

[yota691]

Planning: Annual inflation decline in 2018 by (0.1%)

Editorial date:: 2019/1/22 11:45 • 112 times read

(Baghdad: Al-Furat News) The Ministry of Planning announced on Tuesday that the annual inflation rate in the year 2018 decreased by (0.1%) and monthly by (0.6%).

"The rate of inflation during the last month of the year 2018 decreased by (0.6%) compared to the month of November, while the annual inflation rate also decreased by (0.1%), Compared to the month of December of 2017. " 
"The reasons for the decrease in inflation during the month of December last year led to the decrease of the food and non-alcoholic beverages by 1.1%, the decrease in housing by 0.7%, the transport section by 1.7% and the hotel and restaurant section by {0.1%} ". 
He pointed out that "the basic inflation decreased by (0.3%) from the previous month and the same percentage compared to the month of December of 2017."

[yota691]

The reality of financial inclusion in Iraq

Tuesday 19 February 2019 46

 

Ahmed Hazal

 

 

International attention to financial inclusion has increased and countries have put their economic goals into an active factor in achieving sustainable development. Statistical data show that 69 percent of the adult population, equivalent to 3.8 billion people, has bank accounts in the world. The financial coverage is defined as the access of financial and banking services to the largest possible number in society and at appropriate costs to contribute to the sustainability of development, which is the opposite of the financial decline of high-income groups.

The fourth industrial revolution is the technological revolution, technology is an important element in achieving financial inclusion, and they are moving in the same direction, and the relation of the percentage of awareness and banking culture is also moving in the same direction.

Therefore, the modern era clearly points to the trend towards financial inclusion. The Central Bank of Iraq has also launched the National Strategy for Financial Coverage for the period 2018-2020 and has achieved results that may be acceptable but not at the level required by the other countries. Many challenges to reach acceptable results, and there is a successful experience of financial inclusion is the settlement of salaries of more than 3 million employees in banks, which led to an increase in safety and ease of dealing between individuals on the one hand and institutions on the other, but this experience, despite its success, About the true meaning of Financial Mall.

 The ratio of the national currency outside the banking system is almost 55 percent (in the narrow sense M1) and 45 percent is the proportion of the national currency within the banking system (M1). The achievement of financial inclusion is not by forcing employees to The real meaning of financial coverage is to encourage citizens and traders and increase their confidence in banking by stimulating savings through the interest rate, and then withdraw money from houses and make them able to increase bank credit through Drag operations And the deposit, which will contribute to the lifting of banking transactions, as well as the factor of financial culture and its contribution to the increase in the proportion of financial coverage, which amounted to (22 percent) of the level of adults, according to World Bank statistics, and 11 percent, according to statistics of the Central Bank of Iraq and I believe that (11 percent) The ratio is reasonable because it is based on the number

Some observations on financial inclusion in Iraq can be noted with the following points:

1 - There are informal transactions, which are similar to what banks do, which are a rise in the interest rate on the black market double the interest rates of banks.

3 - The proportion of young people aged (15-35) represent a high proportion and up to more than (30 percent) of the total population and this is a base and supportive of the process of financial inclusion in Iraq, but the financial institutions did not invest this wealth, which is a strength within The banking system.

4 - The percentage of bank density of almost every bank branch covers (35000) people, which indicates the decline in the number of branches, especially in the area of limited income, noting that international standards indicate that each branch covers 10 thousand people.

5 - The Central Bank of Iraq targets the poor and low-income groups and illustrates the concept of inclusiveness, which is the opposite of receding, but how these categories will use financial instruments and suffer from poor distribution of income and social justice, if we need to develop the incomes of individuals and justice in the distribution of income.

6 - Financial stability is an important element in the achievement of financial coverage, which is when the savings and investment interests are equal, and the banking sector suffers imbalance in this matter by the element of trust between the customer and the bank, how can we make mutual trust and develop the sides of savings and investment because the bank is the intermediary between the saver 

And the investor.

These observations need to intensify efforts to achieve financial inclusion, especially as it is now among the development goals that countries seek to achieve.

[navira]

The key point here is CONFIDENCE from the people in the banking so as to outweigh the percentage of the currency outside the banking system. Right now the percentage of currency outside is higher than that in the inside. I posted the other day that this is the deletion of zeroes....This is leading to an rv. The higher the percentage of currency inside the banking system...the higher the CONFIDENCE. Cheers all

[yota691]

Quote

The World Bank will launch a financial inclusion initiative next year to bring people closer to the financial system, while stressing that Iraq has jumped from traditional financial coverage to digital financial inclusion.

More Reality No Hype...from another thread Link... 

 

[NEPatriotsFan1]

5 minutes ago, yota691 said:

More Reality No Hype...from another thread Link... 

 

Does Next typically mean THIS.... in Arabish? 

 

Just seems to be confusing. 

 

Thanks Yota 

[jg1]

7 minutes ago, NEPatriotsFan1 said:

Does Next typically mean THIS.... in Arabish? 

 

Just seems to be confusing. 

 

Thanks Yota 

Yes. And coming days means coming years.

[NEPatriotsFan1]

42 minutes ago, jg1 said:

Yes. And coming days means coming years.

Touché 

 

Bravo 👏Well Done, Sir

[Engine1]

48 minutes ago, jg1 said:

Yes. And coming days means coming years.

And soon means...

   Just ain't going to happen 

[yota691]

Planning: high rate of inflation during the month of January by 0.6%

 

money and business Economy News _ Baghdad The Ministry of Planning announced on Sunday a slight increase in the annual inflation rate during the period January 2018 to January of this year (0.4%), while the rate of inflation during the month of January last increase by (0.6%) compared to With the previous December.  "The rise in the annual rate of inflation was affected by the rise in the food and non-alcoholic beverages sector by 2 percent compared to the decline of the housing sector by 1.8 percent," the ministry's spokesman Abdul-Zahra al-Hindawi said in a statement. "The tobacco, clothing, footwear, household equipment and appliances, communications, restaurants, hotels and miscellaneous goods and services sectors were down between 0.1% and 1.8%."  He added: "The health, transport, entertainment, culture and education sectors have increased between 2.4% and 9.3%."  He attributed the monthly rise in inflation to "the rise of food and non-alcoholic beverages by (0.2%), as well as the rise of the housing section by (0.5%)."  The Ministry of Health and Restaurants and Hotels increased by (0.1) each, the Transport Section (1.2), and the Communication Department by (1.3%) and miscellaneous goods and services (0.8%).  He pointed out that "the basic inflation index rose during the last month by (0.4%) from the month of December the previous." Views 41   Date Added 03/03/2019

[King Bean]

Here we go, folks. Inflation on the rise, and with tariffs kicking in February on almost everything the common man needs, this number should go up at the next reporting. So what to do, what to do? Hmmmm??? Currency rate reform, perhaps?? Come on CBI, pull the trigger.

 

[ChuckFinley]

Some body better do something.   

[10 YEARS LATER]

1 hour ago, King Bean said:

Here we go, folks. Inflation on the rise, and with tariffs kicking in February on almost everything the common man needs, this number should go up at the next reporting. So what to do, what to do? Hmmmm??? Currency rate reform, perhaps?? Come on CBI, pull the trigger.

 

 

I hope to god these Blunt Skulls get a clue and RI/RV sharpish like instead of announcing a " Crisis & call for a committee to discuss the issue "  - This ' light at the end of the tunnel ' for these knot heads will be a TRAIN if they don't pull their heads outta their butts.

 

1 hour ago, ChuckFinley said:

Some body better do something.   

 

[kwg]

Like KB, CF and 10YL said

[Officiallytook]

3 hours ago, ChuckFinley said:

Some body better do something.   

exactly

[yota691]

Central: 80% of citizens have no accounts

 

Tuesday 5 March

 

 

Alsumaria News / Baghdad  Revealed the Governor of the Central Bank Ali Alalak, Tuesday, that 80% of citizens do not have bank accounts.  Al-Alak said in an interview with Alsumaria News that "80% of citizens have no accounts or dealing or bank cards," noting that "banks can invest and employ this large proportion."  He added that "the services provided by banks are currently on the rise," and called on all banks to "follow the example of the Iraqi Trade Bank, which expands its products and services."     On October 8, 2018, the Iraqi Trade Bank signed a loan with a German institution worth 100 million euros, encouraging German exports to Iraq and benefiting from the facilities provided by the German Foundation for the contracting of public departments, ministries and the private sector.

[tigergorzow]

Yota Thanks,  DV,  I'm certain the CBI Governor understands the citizens do not trust the banks with their money.  Corruption is still rampant.  Maybe....If they increase the purchasing power of the IQD may change their minds...😊😊

 

GO RV / RI