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The war of the dollar and the Iraqi dinar ... dangerous expectations for the prices of goods in the market within days


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The war of the dollar and the Iraqi dinar ... dangerous expectations for the prices of goods in the market within days

2020-10-11
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Yes Iraq - Baghdad

Economic expert Salam Sumaisem expected, on Saturday (October 10, 2020), a rise in the exchange rate of the US dollar against the Iraqi dinar as a result of increased demand for it, while noting that the rise in the price of the dollar will lead to an increase in food prices.

Sumaisem said, "The prices of foodstuffs in the markets are always linked to several factors, including supply and demand, as well as the expectation factor. Therefore, what the Iraqi market is witnessing today is the result of increased demand for materials."

She added that "the increase in some materials is a result of citizens' fear of being cut off from the markets as a result of the financial crisis that the country is going through, or developments in the Corona virus and talk about re-imposing a curfew."

She indicated that "there is also an important issue that is directly related to the high price of materials, which is the high exchange rate of the US dollar against the Iraqi dinar, as the markets are witnessing a significant increase in the dollar exchange and it is expected to rise more than the current price."

She attributed this to “citizens’ fear of the depreciation of the Iraqi dinar, so they resorted to increasing the students ’dollars because it is more secure than the dinar, and storing the dollar and increasing the demand for it, will lead to an increase in the prices of materials because it is most likely that these materials are imported and residing in the US dollar, which will be negatively affected The ultimate consumer, the citizen.

And a member of the Economic and Investment Committee, Nada Shaker Jawdat, saw, on Sunday (October 4, 2020), that the financial crisis that the country is going through is part of the remnants of previous governments, while she confirmed that the salary crisis can only be solved by maximizing resources. She warned of the collapse of the Iraqi dinar in front of Hard currency.

Shaker said, "Until now, there is no real and clear vision of the collapsing economic situation that Iraq is going through, in order to choose effective ways and solutions to overcome the crisis," indicating that "the current crisis is the remnants of previous governments."

She added: "The problem of employee salaries cannot be solved unless resources are maximized through controlling ports and border crossings, currency auctions, taxes, communication networks, the state's real estate file, organizing budgets and reducing senior ranks."

And she indicated that "the continuation of the borrowing process without resorting to real internal solutions, will lead to the collapse of the Iraqi dinar in front of hard currency."

https://yesiraq.com/حرب-الدولار-والدينار-العراقي-توقعات-خ/

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Al-Samarrai assures the governor of the Central Bank of the need to answer questions and inquiries in a transparent manner

2020-10-11 | 13:41
Al-Samarrai assures the governor of the Central Bank of the need to answer questions and inquiries in a transparent manner
 
 
 
 
 
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On Sunday, the Deputy Chairman of the Parliamentary Finance Committee, Muthanna Abdul Samad Al-Samarrai, assured the Governor of the Central Bank, Mustafa Ghaleb Makhif, the need for the bank management to respond transparently to the questions and inquiries of MPs.

A source in the committee said to Alsumaria News, "The Deputy Chairman of the Parliamentary Finance Committee, Muthanna Abdul Samad Al-Samarrai, received at the headquarters of the Committee in the House of Representatives building today, Sunday, the Governor of the Central Bank, Mustafa Ghaleb Mekhaif, where the monetary policies adopted by the bank and their impact on the Iraqi economy and the borrowing law were discussed." .
 
 
He added, "This came after the Parliamentary Finance Committee sent an official letter in which it asked the governor of the Central Bank to attend a meeting to host in the committee to discuss the monetary policies adopted by the Central Bank in light of the critical economic conditions that the country is going through, the borrowing law, and the possible scenarios facing the Iraqi economy, ideas, visions and solutions. Which can be used to ease its repercussions on the country.
 
 
The source added that "Al-Samarrai assured the governor of the Central Bank that the deputies have many questions and inquiries that will be sent by an official letter, where the bank management must answer them with all transparency," noting that "it was agreed that a meeting with the committee should be held."
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Governmental directives in Iraq to integrate "agriculture" and industry "to provide foreign exchange."

Governmental directives in Iraq to integrate "agriculture" and industry "to provide foreign exchange."
Side of the meeting
 October 11, 2020 10:40 PM

Mubasher: The Iraqi Minister of Agriculture, Muhammad Karim Al-Khafaji, has directed to buy the local product for the agricultural sector from the Ministry of Industry and Minerals, provided that it conforms to the technical specifications.

Today, Sunday, the official spokesman for the Ministry of Agriculture, Hamid Al-Nayef, said that Al-Khafaji held a joint meeting with the Minister of Industry and Minerals, Manhal Aziz Al-Khabaz, in the presence of a number of general directors of the departments and companies of the two ministries in order to discuss prospects for joint cooperation between agriculture and industry, according to the Iraq News Agency. ".

Al-Nayef added that the Minister of Agriculture stressed the importance of this meeting, as it achieves very important goals as it provides hard currency to the state treasury from purchasing the Ministry of Industry's products for the agricultural sector and produced locally.

Al-Khafaji hinted that the cooperation between the two sides results in the employment of thousands of workers.

The Minister of Agriculture stressed that the ministry will buy the fertilizers that the Ministry of Industry produces, provided that they conform to the appropriate technical specifications for agriculture.

He indicated that the ministry is among its directions to genuinely support farmers with all agricultural supplies, especially fertilizers supported by 50 percent and distribute them to farmers, as well as the possibility of cooperation in the field of pesticides that the ministry needs in combating thin and thick papers

For his part, the Minister of Industry and Minerals, Manhal Al-Khabaz, praised the clear understanding shown by the Minister of Agriculture for all mechanisms of joint cooperation and ways to maximize them between the two ministries, expressing his hope to continue joint cooperation with the Ministry of Agriculture, as they are two complementary ministries in the production process and the provision of revenues, as well as supplying the state treasury With funds provided locally.

https://www.mubasher.info/news/3705809/توجيهات-حكومية-في-العراق-بالتكامل-بين-الزراعة-والصناعة-لتوفير-النقد-الأجنبي/

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Parliamentary Health: Iraq is in the third wave of the Corona outbreak

Parliamentary Health: Iraq is in the third wave of the Corona outbreak

Written by: Yasser Al-Hilaliat: October 11, 2020In: Iraq Newsno comments

Alnoor News / Baghdad

The Parliamentary Health and Environment Committee confirmed, on Sunday, that the decrease in the number of infections with the Coronavirus is a good indicator, ruling out a second wave of Corona for many reasons. 

A member of the committee, MP Hassan Khatti, told the official agency, and Al-Nour News followed him, “The decrease in the number of injuries is a great positive indicator, but we may not rely on those numbers, but rather we count on the balance between two months ago between injuries and recovery, which gives us good outcomes and control. For health institutions to deal with cases. 

He added, "Iraq is still within the first wave so far and has a graph starting from the number of injuries in the tens, then hundreds and then thousands, but with a horizontal line, and we did not return to the zero state or in the tens, so we are in the third stage of the first wave." 

He ruled out that "there will be a second wave, because Iraq is not like other countries," pointing out that "Iraq has variables, including the forty-day visit, as more than three weeks have passed, and despite that, we record fewer cases and greater recovery." 

He pointed out that "the first variable did not leave any negative aspects, while the second variable is the issue of the winter season, but as long as we are in the first ascending line, there will be no significant variables in the numbers of cases of the epidemic."  

http://alnoornews.net/archives/274613/الصحة-النيابية-العراق-في-الموجة-الثال/

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Muhammad al-Baldawi: The Sinjar agreement came as a result of American and Kurdish pressure, and it neglected all components

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Baghdad / NINA / The representative of the Al-Sadiqoun bloc, Muhammad Al-Baldawi, confirmed, on Sunday, that the agreement concluded by the government of Prime Minister Mustafa Al-Kazemi with the region regarding the Sinjar district was under American and Kurdish pressure, indicating that all components of Sinjar, including Yezidis, Shabak, Arabs and others, should have been involved to come up with a satisfactory solution formula. For everyone .

Al-Baldawi said in a statement that the Iraqi National News Agency Nina received a copy of that "the agreement that was made on the Sinjar problem came away from the participation of the components of the judiciary from the Yezidis, Shabak, Arabs and other residents of the region to determine the principles that guarantee the rights of all parties, especially the Yazidis who were subjected to the most heinous crimes against their humanity." .

He added, "The agreement, apparently from its points, confirms that it came as a result of American and Kurdish pressures to achieve the interests of the Kurds in accordance with Article 140 and to protect the American presence by expelling the popular crowd, which greatly contributed to the liberation of Sinjar, which the Yazidis considered as the shield that protects them according to the words of their Emir."

He explained that “the efforts of the representative of the Secretary-General of the United Nations, Plasschaert, were an American mission, not an international mission,” noting that “it was the first for the representative of the Secretary-General of the United Nations to gather all parties to listen to their real demands.” / End 9
 
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Al-Rafidain: Car loans have a grace period of 3 months for repayment

  •  Time: 10/12/2020 09:29:10
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  •  Read: 221 times
  
 

Al-Rafidain Bank announced that granting car loans to citizens, employees and retirees will have a grace period of 3 months for payment after receipt 
, and the bank’s media office said in a statement that the payment of the monthly installments of car loans begins 3 months after receipt, 
indicating that the interest rate specified for car loans is 4 percent.

https://alforatnews.com/news/الرافدين-قروض-السيارات-يكون-بفترة-إمهال-٣-أشهر-للتسديد

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 Al-Rafidain Bank: Car loans have a grace period of 3 months for repayment
 
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Economy News _ Baghdad

Al-Rafidain Bank announced, on Monday, that granting car loans to citizens, employees and retirees will have a grace period of 3 months for payment after receipt.

The bank’s media office said in a statement that “Al-Iqtisad News” received a copy, that “the monthly payment of car loans starts after 3 months of receipt.”

The statement added that "the interest rate set for auto loans is 4 percent."

 

Number of observations 0   Date of addendum 10/12/2020

https://economy-news.net/content.php?id=22209

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Al-Rafidain determines the auto loan interest rate and repayment grace period

2020-10-12 | 02:38
Al-Rafidain determines the auto loan interest rate and repayment grace period
 
 
 
 
 
2,194 views
 
 

Al-Rafidain Bank confirmed, on Monday, that granting car loans to citizens, employees and retirees has a grace period of three months for payment after receipt, indicating that the interest rate specified for these loans is 4 percent.

The media office of the bank said in a statement that Alsumaria News received a copy of, that "the payment of the monthly installments of car loans begins after three months of receipt."

He added that "the interest rate set for auto loans is 4 percent."
Edited by Mary B
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The reality of the new pricing of improved gasoline in Iraq

 2020-10-12 02:26
  
The Iraqi Oil Ministry on Monday denied the issuance of the new pricing of high-octaine gasoline "enhanced", stating that what was published is an explanation of its intention to review the pricing according to a study prepared for this purpose.

The ministry said in a statement to The Twilight News agency that it "denies the reports of some news agencies and websites about statements issued by the ministry regarding the publication of the new pricing figures for high-octaane gasoline."

The ministry said it "did not mention the statement of the undersecretary for distribution, and no figures were mentioned for the new pricing," adding that "what was published is an explanation of its intention to review the pricing according to a study prepared for this purpose."

"The announcement will be made on its official website and news agencies as soon as it is approved by the relevant authorities," the ministry said, calling on the media, the press and websites to "be accurate and objective when reporting and circulating news and information in the public interest."

The ministry's deputy for distribution, Hamid Younis, said in a statement sunday that the ministry was considering the decision to review the price of "high-octae" gasoline as part of its provision to citizens at affordable prices.

https://shafaq.com/ar/اقتصـاد/حقيقة-التسعيرة-الجديدة-للبنزين-المحسن-في-العراق

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Foreign Minister discusses with the Egyptian President bilateral relations and "leaders summit"

12:02 - 12/10/2020
 
  
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The information / Baghdad ..

The Iraqi Foreign Minister, Fouad Hussein, discussed with the Egyptian President, Abdel Fattah Al-Sisi, in Cairo, today, Monday, (the bilateral relations between the two countries and the preparation to be held between the leaders at a later time.

The spokesman for the Ministry of Foreign Affairs, Ahmed Al-Sahhaf, said in a statement that / the information / a copy of which was received, that “Minister Fouad Hussein met with the President of the Republic of Egypt Abdel Fattah Al-Sisi, and discussed with him bilateral relations, and ways to advance them to serve the interests of the two brotherly peoples.”

He added, "The next summit was discussed at the level of leaders to be held in the first quarter of next year."

He pointed out that "the foreign minister presented the most important topics of the tripartite summit at the ministerial level, which will be held tomorrow in Cairo."

On Sunday, Fouad Hussein arrived in the Egyptian capital, Cairo, to complete the agreements signed at the Amman summit. 25 Ended

https://www.almaalomah.com/2020/10/12/499576/

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Al-Rafidain Bank: Car loans have a grace period of 3 months for repayment

09:44 - 12/10/2020
 
  
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The information / Baghdad ..

Al-Rafidain Bank announced, on Monday, that granting car loans to citizens, employees and retirees will have a grace period of 3 months for payment after receipt.

The media office of the bank said in a statement that "the information" was received, a copy of it, that "the payment of the monthly installments of car loans begins after 3 months of receipt."

The statement added that "the interest rate set for auto loans is 4 percent." End / 25

https://www.almaalomah.com/2020/10/12/499543/

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Holiday Baghdad file on the integrity table

2020.10.12 - 13:47
Holiday Baghdad file on the integrity table

 

Baghdad - People  

MP Hussein Al-Aqabi announced, on Monday, the transfer of the "Holiday Baghdad" company file to the Integrity Commission, following "legal violations."  

Al-Aqabi said in a statement that "People" received a copy of it (October 12, 2020), that "several months ago we opened an accusation file for the Ministry of Transport and the Iraqi Airways Company in relation to the contract concluded with Holiday Baghdad Company (Baghdad Holiday), and granted it a verification license and a card Boarding the plane using illegal methods and justifications, away from known government contracting controls. "  

He added, "After collecting and auditing the information, investigating the aforementioned contract and seeking the assistance of the supervisory authorities, including the Office of Financial Supervision, which confirmed our information that there are many violations and legal loopholes, we mention, for example: the company’s reluctance to implement its contractual obligations and its failure to provide the regulatory authorities with the required documents more than once And not having the required expertise and similar works in the field of tourism and travel, and the novelty of its establishment, as it was established in 2018 and contracted with it in 2019 !!!!  

He pointed out that "there are clear legal loopholes and violations in the contract that the airline concluded with Holiday Baghdad," adding that "based on what we have submitted, we have referred the case with all the priorities, documents and documents to the Integrity Commission for investigation and to refer the negligent to the judiciary to obtain their fair penalty." Let them be an example to other corruption whales who have damaged the country and squandered its wealth and wealth. " 

https://www.nasnews.com/view.php?cat=42532

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Electoral Commission: Starting work coincides with the completion of voting on the distribution of electoral districts

 two hours ago
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The Legal Committee, headed by Representative Rebwar Hadi, Chairman of the Committee, and the presence of its members, hosted today, Monday, the technical staff in the Elections Commission.

The committee said in a statement that "the committee listened to the most important technical problems and obstacles that obstruct the work of the commission, as well as its preparations for early elections."

The Legal Committee indicated that "the enactment of the election law in the system of multiple electoral districts in one governorate is in order to achieve a more comprehensive representation of the Iraqi citizen and to conduct fair elections that obtain the confidence of the Iraqi street and the international community."

For his part, the technical staff of the Commission stated that “the start of its work is accompanied by the completion of voting on the distribution of electoral districts and the number of those districts in each governorate in addition to the disbursement of financial allocations allocated to conducting the elections, noting that the division of registration centers and election centers will complicate the Commission’s work procedures in preparing new voter registers.” .

https://takadum-news.com/مفوضية-الانتخابات-بدأ-العمل-يقترن-بإك/

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