Oil announces the transfer of a copy of the oil and gas law to the Council of Ministers for approval

[DinarThug]

GregHi

• Senior Member
• 

 

42 minutes ago, GregHi said:

Your though was better than mine.. 3 men in a tub is not a pleasant picture in my head. 

 

Or Even Just One !  

 

Oh - And Happy Birthday (Suit) Clooney ...

     
 

Edited March 25, 2021 by DinarThug

[patrick50]

Did someone mention it was time for a drink? With information of late has been exciting some good and then not so good but more good than bad. Listen i dont know if this makes sense to me LOL. Maybe i just need to calm down a little I will buy Horsesoldier a drink since he was the first to mention it was time for one.  I am reaaly excited to meet many of you one day!      Gooooo Rvvvvvv we are getting closer!

[DinarThug]

horsesoldier

• Senior Member
• 
• Members

 

6 minutes ago, patrick50 said:

I will buy Horsesoldier a drink

 

Btw, U Can Lead A HorseSoldier To ‘Fire Water’ - And U Won’t Ever Have To ‘Make’ Him Drink !  
 

 

     

[DinarThug]

(from the top of the previous page)

 

Rub A Dub Dub - The Auctions Have Been Scrubbed !  

 

Let’s Go Hit A Pub ... 

 

     

 

LINK

Al-Kazemi comments on the parade of the Rub of Allah in Baghdad

 

25th March, 2021

Prime Minister Mustafa Al-Kazemi commented, on Thursday, on the review of the "Rubu Allah" faction in the capital Baghdad.

Al-Kazemi said in a speech during a ceremony honoring the press martyrs, which was held at the headquarters of the Press Syndicate in Baghdad, attended by Mawazine News, that "there are demonstration movements that took place today whose purpose is to confuse the work of the government." 

He explained that the current political system has gone through difficult circumstances, saying: "By God, we will not fear anyone and only fear our consciences." 

He pointed out that for the first time since 1970, the budget relied on oil at a rate of 70%, and that some banks were stealing public money through currency auction.
 

About the white paper, he said: “We presented the white paper to reform the economic situation,” indicating that the government's mission is only Preparing for free and fair elections. 

He pointed out, 

"The cancellation of the currency auction saved 6 billion that was going into the pockets of the corrupt,"

noting that "the central bank added 4 billion to the reserve within 3 months."

 

2 hours ago, DinarThug said:

"The cancellation of the currency auction saved 6 billion that was going into the pockets of the corrupt,"

 

1 hour ago, Half Crazy Runner said:

For real?? When did that happen? I know that ronscarpa has been posting the currency auction results every day ... 🤷🏻‍♀️ 

 

Those Are The Electronic Remittances Between Banks That Are Being Reported  !  

 

 

The ‘Cash Sales’ (Where All Of The Corruption And Money Laundering Was Occurring) Have Been At Zero For Quite Some Time !  
 

(see below)

 

     

 

LINK

The results of the foreign currency sale window on Wednesday 3/24/2021, and executed today

Advertisement No. (4381)

Sale date - Wednesday 3/24/2021, and executed today

 

the details		Amount
Total sale for purposes of enhancing funds abroad (transfers, credits)		92,586,250
Total cash sale		0
Total total sales		92,586,250

 

Note that:

• The sale price of the sums transferred to bank accounts abroad is ( 1460 ) dinars per dollar.
• The cash sale price is ( 1460 ) dinars per dollar.

» The Central Bank of Iraq’s foreign currency sales schedule, Wednesday 3/24/2021, and executed today 

[horsesoldier]

1 hour ago, GregHi said:

Your though was better than mine.. 3 men in a tub is not a pleasant picture in my head. 

Not to mention they’re probably in their birthday suits, hairy and unshaven -EEEE GAD WHAT AN IMAGE 😆

[Half Crazy Runner]

26 minutes ago, DinarThug said:

Those Are The Electronic Remittances Between Banks That Are Being Reported  !  

 

 

The ‘Cash Sales’ (Where All Of The Corruption And Money Laundering Was Occurring) Have Been At Zero For Quite Some Time !  

Ok, I get it! Many thanks Thuggy! 

[6ly410]

Naguib to Tigris: Kurdish forces are not responsible for delaying the resolution of the budget

Posted 24 seconds ago

https://iraqakhbar.com/2990216

News source / Tigris Channel

News source / Dijla Channel

Today, Thursday, a member of the Kurdistan Democratic Party, Najeeba Najib, confirmed that the Kurdish forces are not responsible for delaying the conclusion of the federal budget bill for 2021.

Najib told "Tigris" that "the Shiite forces bear the responsibility for delaying the budget law," noting that "the Kurdish forces are not responsible for delaying the conclusion of the federal budget bill for 2021 and have made major concessions to pass it."

She added that "it was supposed to pass the budget law 3 months ago," indicating that "political forces have retreated from the agreement concluded between Erbil and Baghdad."

And she added, "There is no will to address the financial problems between Erbil and Baghdad

[6ly410]

The central bank comments on the new exchange rate for the dollar and issues an invitation

Posted 1 hour ago

https://iraqakhbar.com/2990144

News source / NR TV

News source / NR TV

The Deputy Governor of the Central Bank of Iraq, Ihsan Shamran, announced, on Thursday, that the new exchange rate has made many gains, calling not to create shocks that worry citizens.

"The bank pursues a quiet policy in the issues that people deal with from their point of view, and does not enter into discussions that affect expectations," Shamran said in a statement that the NRT website received a copy of.

He added, "The Central Bank believes that the new price has made great gains, the first of which is to enhance competitiveness in favor of national products, whether agricultural or industrial, in addition to strengthening the public financial resource, which represents another goal of the decision."

He explained, "The matter requires strengthening the stability of this decision and not creating shocks that would worry citizens and affect the sustainability of their activities

[6ly410]

 

From four ideas ... a broad American economic vision for Iraq that includes the Kurdistan Region

• https://shafaq.com/ar/تقارير-وتحليلات/من-ربع-فكار-ر-ية-اقتصادية-امريكية-واسعة-للعراق-تشمل-قليم-كوردستان

 2021-03-25

 

 

A-AA+

 

Shafaq News / The American Chamber of Commerce presented four recommendations to the administration of President Joe Biden, specifying how to deal economically with the Iraqi government in the next stage, to strengthen the private sector, diversify the economy, cooperate with the Kurdistan Regional Government, achieve comprehensive economic development for the Iraqi people and establish a more stable, sovereign, secure, and more independent country In the energy sector.

 

A report  by the American Chamber of Commerce translated by Shafaq News indicated that the American-Iraqi Business Council looks forward to working with the Biden administration as well as the leaders of the Iraqi government and the Kurdistan Regional Government.

 

He added that the recommendations come at a time when the Biden administration is looking forward to looking into the future of US-Iraqi relations, noting that the US President called Iraqi Prime Minister Mustafa al-Kazimi in February to confirm the American support for the sovereignty and independence of Iraq, and the importance of the strategic dialogue between Washington and Baghdad, which may resume in April. Next.

 

And after he indicated that the Covid 19 virus caused heavy human losses and economic devastation around the world, the epidemic in Iraq exacerbated the mainly difficult budget crisis and economic and social challenges, adding that the effects of the epidemic strengthened the need for the United States and Iraq to partner in order to support Iraq's economic reforms, to be the focus This strategy.

 

The American-Iraqi Business Council has a long history of working with the American government, the private sector, and Iraqi actors. That is why the council is now proposing to the US administration "the four big ideas" to strengthen and develop the strategic partnership between the two countries.

 

First: A healthy American-Iraqi dialogue with the participation of the private sector

 

It is imperative that the two governments engage and focus more on health, especially the American Business Council-Iraq and members of the life sciences sector, to help fulfill the commitments set out in the Memorandum of Understanding that was drawn up in 2020 between US Ambassador Matthew Toller and Director General of the Ministry of Health, Dr. Riyadh Al-Halfi. As the memorandum specifies, a joint committee representing the two governments must hold a meeting every six months to follow up on the progress made.

 

The American-Iraqi Business Council recommends the establishment of an American-Iraqi health dialogue, under the umbrella of the US-Iraqi Strategic Dialogue, to create a body that can deal with important issues in the post-pandemic phase. In order to achieve sustainable recovery, create jobs, and enhance access to workforce development, the US-Iraqi health dialogue must work to enhance education, trade and health cooperation between the two governments, health institutions, and private sector entities from both countries.

The healthy dialogue can be an ideal platform for the application of frequent side discussions between the two governments and the private sector, which the Business Council can organize before the government meeting between the two countries.

The health dialogue should involve the private sector as part of the dialogue and any working groups and sub-committees that are formed to deal with specific sectors or issues.

In order to achieve tangible and sustainable progress through health dialogue, a high-level working group must be formed that includes representatives from the two governments, industries, the health community and professional associations, whose task is to set priorities in the health sector. The working group should also make recommendations to the two governments to address health priorities.

The American-Iraqi Business Council has identified the health care sector as a key opportunity for new and in-depth cooperation between US companies and partners in Iraq to help develop the health care system and citizens' ability to access drugs, technologies, and services.

 

Second: Developing the infrastructures for gas and combustible gas

 

According to the World Bank, the burning gas in Iraq costs the government about $ 2.5 billion in lost income, and it may be sufficient to meet the majority of the country's needs for energy plants. In addition, the development of Iraqi gas resources can help the downstream projects and many offshore industries flourish, which could help create new jobs and achieve sustainable economic growth.

 

Burning gas deprives Iraq of the economic and electrical benefits it needs, and it also poses environmental and health challenges to local communities.

 

It is imperative for the Biden administration to call for a special meeting of the newly formed US-Iraqi Joint Economic Coordination Committee, to set priorities for assisting Iraq with the aim of ending the burning gas and making it energy independent and developing a work plan and timetable.

 

The private sector must be part of the solution. The American-Iraqi Business Council will hold a meeting with the participation of decision-makers and businessmen to discuss investment and reform opportunities. The council will also form a task force that will work in cooperation with partners in the US and Iraqi governments to advance this important work.

 

It is also imperative for the Biden administration to encourage officials in the government of Iraq and the Kurdistan Regional Government to work together to develop natural gas resources, and this includes a comprehensive approach between the Iraqi government and the regional government to develop and integrate the infrastructure. This will not allow the possibility to serve as a main area of cooperation between the government of Iraq and the regional government, but also helps to develop confidence in the supply of electricity in all parts of Iraq.

 

For example, the US administration could endorse the Energy Ministry’s report on "developing the natural gas sector in the Kurdistan region of Iraq," which prefers how Iraq can harness its own natural gas resources and the required strategic infrastructure.

 

The US administration, aware of the economic impact and the partnership with Iraq, must resume financing the important strategic gas infrastructure and its development through US financial cooperation and international development, which includes projects in Iraq and the Kurdistan Region. This is important if Iraq should look to the United States and not to our competitors in terms of strategic energy investments and in order to achieve targets for reducing gas emissions.

 

Third: Supporting reforms in the Iraqi financial sector

 

The development of a modern financial services sector is vital in order to enhance American investment and the role of the private sector in Iraq and encourage reform of the banking sector, all of which will have a positive impact across the economy in all its aspects. The private banking sector in Iraq must be strengthened in order to play a tangible role in financing private sector projects that generate employment and economic development, with joint financing from the United States and other international partners.

 

While state banks are important to the development of Iraq, private banks must also play a role, especially with regard to small and individual businesses. Private banks can be allowed to compete for government contracts and receive government deposits.

 

As the International Monetary Fund has indicated in 2020, a critical strategy for reforming the large state-owned banks will enable the development of the private sector and secure financial stability.

If banking reform is implemented well, by allowing greater transparency and scrutiny in financial transactions, this will help close the window of fraud and corruption.

In addition, the Business Council supports the acceleration of the development of electronic and cellular banking services, in order to increase the universality of banking services.

The Business Council recommends the US Treasury, the Iraqi Ministry of Finance, and the Central Bank of Iraq, and under the umbrella of the US-Iraqi Strategic Dialogue, to launch a working group for banking reform.

During the April Spring Meetings between the World Bank and the International Monetary Fund, the Business Council will play the role of partnering with the Treasury to host a hypothetical meeting with the Vice President of the Iraqi government, the Minister of Finance, major American banks and financial companies, to discuss how to strengthen the banking system reforms identified in the "White Paper". .

 

Fourth: Encouraging the establishment of special economic zones to encourage investment and stimulate job creation

In order to keep the American economy and American workers competitors in the global economy, we must think creatively about how to enhance US trade and investment relationships in emerging markets such as Iraq.

To this day, there is no joint investment treaty between the United States and Iraq that can facilitate US companies to do business in Iraq. While Prime Minister Mustafa Al-Kazemi has encouraged economic reform that should yield results in the long term, it is important to try to achieve progress in the short and medium term in order for US companies to engage with opportunities for economic development in Iraq.

The establishment of special economic zones in Iraq would create more opportunities for American investment and help increase and diversify the participation of the American private sector in Iraq.

Special Economic Zones operate and are managed under a legal framework that goes beyond previously approved regulations and bureaucratic constraints in order to create an environment conducive to early success stories. In the case of Iraq, these early success stories may create the basis for new policy tools that could evolve into part of the economic reform and investment strategy in Iraq, similar to the establishment of special economic zones in the United Arab Emirates.

While many countries in the region are moving towards a model that allows 100% foreign ownership of most industrial sectors, we encourage Iraq to adopt this principle and establish similar provisions for full foreign ownership.

Areas such as Basra and Kirkuk constitute eligible nominations for implementing the special economic zones model in Iraq in order to accelerate economic development and encourage deeper reforms through the realization that early success stories lie in partnership with the American private sector.

 

The Business Council recommends that the United States encourage the application of the special zones model in Iraq during the Spring Meetings between the World Bank and the International Monetary Fund and during the forthcoming US-Iraqi strategic dialogue, and urge Iraq to establish these areas as an arena to enhance US investments in Iraq. In addition, the Business Council recommends that the United States commit to providing technical expertise and potential financing. Finally, the Business Council recommends that the US government designate a leading body, such as the US Department of Commerce, to work with the US-Iraq Business Council, and the private sector, to promote the strategic opportunities available to US companies once the special zones are established.

 

 

[6ly410]

For Ahed News Agency

Our correspondent: A demonstration in Al-Kut to demand the dismissal of the local government and the reduction of prices

https://alahadnews.net/177758/خاص-بوكالة-العهد-نيوز/

Author: ahad7 On 3/25/2021 - 6:19 PM 132

On Thursday, the city of Kut, the capital of Wasit governorate, witnessed a demonstration calling for the resignation of the local government.
Our correspondent said, "Hundreds demonstrated on foot to the central market in the city of Kut."
He added, "The demonstrators demanded the dismissal of the local government and the reduction of food prices, which rose significantly as a result of the high exchange rate of the dollar

[6ly410]

Directive from the General Secretariat of the Council of Ministers to the Central Bank

2021-03-25

https://yesiraq.com/توجيه-من-الامانة-العامة-لمجلس-الوزراء/

Yes Iraq: Baghdad

On Thursday, the General Secretariat of the Council of Ministers directed the Central Bank of Iraq to take appropriate measures regarding rescheduling of previous loans granted by banks to the initiative of the Central Bank of Iraq. 

The secretariat stated in a statement that “This came based on the recommendations of the Central Bank Loans Sub-Committee emanating from the Supreme Committee concerned with setting up a mechanism for granting loans to projects without interest or reduced interest, by making use of the amounts allocated to finance these projects and supervising them, with the aim of activating the economic sector (the sector). Private) and facilitate its procedures.

And the statement added that “it was decided to reschedule the previous loans granted by the Housing Fund and the Real Estate Bank. The term of the loan is (20) years with the cancellation of the interest amounting to (8%) calculated”, explaining that “on previous loans, starting on 11/29/2020. And the Industrial Bank, the term of the loan is (15) years with interest of (8%) on those loans.

 

The statement continued that “it was also decided to adopt the credit plan schedule for the Central Bank’s initiative for all governorates (according to the criteria for population density and poverty rate), as well as the adoption of a schedule for the distribution of credits for the Central Bank’s initiative loans according to the governorates and sectors covered (industrial, housing, agricultural),” pointing out “The sponsorship of women’s salaries has also been approved in the banks licensed by the Central Bank of Iraq, whether permanent owners, contracts, retirees, or employees of the security services, as the settlement of the salary at any of the licensed banks and the reservation of the housing unit will be sufficient to grant the loan without the need for another guarantor. “.

The statement emphasized that "the real estate bank and the housing fund will be covered by the provisions of paragraph (j) of Article (2) of

[6ly410]

 

 

Inflation in Iraq has risen by 0.7% within a month ... and more than 4% since last year

2021-03-25

https://yesiraq.com/ارتفاع-التضخم-في-العراق-بنسبة-0-7-خلال-شه/

Yes Iraq: Baghdad

On Thursday, the Ministry of Planning announced an increase in the inflation index for the month of February by 0.7%, and the annual rate of 4%.

 

"The monthly inflation index for last February rose by 0.7% compared to the previous month," the ministry’s Central Statistics Agency said, indicating that the annual inflation index also rose by 4% compared to the same month of 2020.

 

He added, "The increase in the dollar exchange rate since mid-December of 2020 has caused a devaluation of the local currency and a rise in the prices of goods and services, because most of these local goods are imported."

 

He pointed out that "the rate of inflation has increased by about 4.9% since November 2020 until February 2021."

 

The Central Bureau of Statistics announced earlier last month that the monthly inflation rate for January increased by 0.8% and the annual rate of 3.2%.

 

 

[DinarThug]

 

 

 

32 minutes ago, 6ly410 said:

From four ideas ... a broad American economic vision for Iraq that includes the Kurdistan Region

•  

 

Wtf - He’s Trying To Sell Cigarettes In Iraq And Doesn’t Have Camels ?  

 

 

     

 

[DinarThug]

Somebody Wake Weegie And The Gurus - They Just Approved The New ATM’s !  

 

     

 

LINK

Al-Kazemi's government takes new decisions. This is its text

 

23rd March, 2021

Tuesday, the Council of Ministers held a regular session headed by Mustafa Al-Kazemi, during which it took new decisions.

A statement issued by Al-Kazemi's office received by Shafaq News stated that the council discussed the topics on its agenda and took the following decisions:

1- Authorizing the Minister of Health to negotiate with the Lebanese side, and to discuss the services needed by the Ministry of Health to raise the health level, especially in the field of hospital management, medical services, basic services and medical goods, including cooperation in modern hospitals.

2- Approving the recommendation of the Ministerial Council for Energy (33 for the year 2021), according to the following:

Approval for Bid Referral (WQ0691), for the drilling of 96 wells by Turnkey, Basrah Oil Company / ExxonMobil. In the custody of the American company (Schlumberger), with a total amount of (480566597 dollars), only four hundred and eighty million dollars, five hundred and sixty-six thousand five hundred and ninety-seven dollars. 
Which is less (14.4%) than the estimated cost of (5616000000 dollars), only five hundred and sixty one million and six hundred thousand dollars, which is within the permitted percentage in the instructions. 

The Ministry of Oil bears the technical and financial aspects and the proportionality of the contract amount with the tender as far as the financial viability is concerned.

3- Approval of the recommendation of the Tourism Authority Board of Directors related to the employees of the Tourism Authority working with the Taj Al-Wesam Company / investing in the Baghdad Tourism Island, and the approval of signing an appendix to a contract between the Tourism Authority and the company in question, according to what was mentioned in the aforementioned body’s book numbered in the number (M.R.H / 170) Dated February 2, 2021.

4- Approval of the national plan for human rights in Iraq. Accompanying the Ministry of Justice letter No. February 25, 2021) as follows:

First - rearranging the timetable prepared for its implementation, and adding the Human Rights Commission to the committee.

Second - Updating the plan in a manner that refers to the recently approved draft laws.

Third - Forming a ministerial committee entrusted with the task of coordinating the implementation of the measures included in the plan, tracking and evaluating the progress of the national action plan, and including, in addition to the concerned governmental sectors, representatives of national institutions and bodies and non-governmental organizations interested in human rights issues to support the plan.

Fourth - the commitment to submit a general annual report on the progress of the work to activate the plan, and its commitment to submit sectoral reports to the Monitoring and Evaluation Committee every six months.

Fifth: Defining accurate indicators for tracking, evaluating and implementing the measures, recommendations and activities specified in the text of the plan, and in the time allotted to them.

Sixth: Studying alternative solutions to fill the gap by canceling the two ministries (human and women's rights).

 

5- Approval of the recommendation of the Ministerial Council for the Economy according to what was stated in the Iraqi Trade Bank’s letter No. (1827) dated May 21, 2020,

regarding the sale of old ATMs and replacing them with new ATMs,

as an exception to the procedures stipulated in the provisions of Article (40) of the Law of Sale and Lease of Funds State No. (21) for the year 2013 as amended.

 

6- The Ministry of Finance undertakes the financing of the Ministry of Electricity in the amount of (57 billion dinars), to pay the salaries of contracts and workers working days, from the actual total expenditures of the Ministry of Electricity or ministries and agencies not associated with a ministry and all governorates. 
No more than (1/12) of the actual expense of the aforementioned bodies' operating expenses (at the state level), without being restricted to the purposes assigned to them in the previous fiscal year.

[6ly410]

 

[DinarThug]

1 hour ago, DinarThug said:

Somebody Wake Weegie And The Gurus - They Just Approved The New ATM’s !  

 

Yo 6ly - Tell Bro Navira To Break Out The Champagne !  

 

 

     

[6ly410]

haha 

[DinarThug]

7 minutes ago, 6ly410 said:

haha 

Let’s Bro !  

 

 

     

[dinarham]

4 hours ago, horsesoldier said:

Not to mention they’re probably in their birthday suits, hairy and unshaven -EEEE GAD WHAT AN IMAGE 😆

          And maybe too lazy to get up even though they know they have to tinkle .

[dinarham]

   Wow ! what a synergy of positive events . I wrote a post earlier saying that dinar is floating natural as we speak , supply not meeting demands . Look at real estate values . What happens when the market is flooded , what happens when supply goes down ? Boom ! Your real estate increases in value .  

[dinarham]

The float is occurring even though it is not reflected in the current numbers.

[pokerplayer]

27 minutes ago, dinarham said:

The float is occurring even though it is not reflected in the current numbers.

 

How so ? Sorry I don't see that. What am I missing here ?

 

  pp

[DinarThug]

10 hours ago, 6ly410 said:

Regional government: We have nothing to do with postponing the budget vote

 

Thursday 25 March 2021 - 08:45

https://akhbaar.org/home/2021/3/281397.html

 

Spokesman for Deputy Prime Minister Samir Hawrami

(INA) Baghdad: Soma Al-Jaf - The Kurdistan Regional Government confirmed, today, Thursday, that there is no connection with delaying the vote on the budget bill for 2021, indicating that the Kurdish delegation will return to Baghdad whenever the need arises.   

 

The spokesman for the Deputy Prime Minister of the Kurdistan Regional Government, Samir Hawrami, told the Iraqi News Agency (INA): “Article 11 of the draft budget law for the Kurdistan region’s share was voted on by the Finance Committee, and it was passed in the House of Representatives,” stressing that “the voting session was postponed. The draft budget law has nothing to do with the share of the Kurdistan region. "

 

He added that "the disagreement between the political blocs about other articles not related to the share of the Kurdistan region," noting that "there is a slight problem about the formula, and it will be amended, and we are waiting for the parliament session on Saturday to pass that article as it is or to pass the proposal sent by the Iraqi government that states On the delivery of 250 thousand barrels and 50 percent of the ports' resources. " 

 

He stated that "the delegation's visit again to Baghdad is not known at the moment, but whenever the need arises, we will return to Baghdad

 

LINK

Kurdistan disclaims responsibility for not passing the budget: Delaying it does not depend on our share

 

25th March, 2021

The Kurdistan Regional Government confirmed, on Thursday, that it has nothing to do with delaying the vote on the 2021 budget bill, indicating that the Kurdish delegation will return to Baghdad whenever the need arises.  

The spokesman for the Deputy Prime Minister of the Kurdistan Regional Government, Samir Hawrami, said, according to the official agency, that "Article 11 of the draft budget law for the share of the Kurdistan region was voted in by the Finance Committee, and it was passed in the House of Representatives," stressing that "the voting session on the draft law was postponed."
The budget has nothing to do with the share of the Kurdistan region."

He added that "the disagreement between the political blocs about other articles not related to the share of the Kurdistan region," noting that "there is a slight problem about the formula, and it will be amended, and we are waiting for the parliament session on Saturday to pass that article as it is or to pass the proposal sent by the Iraqi government that states on the delivery of 250 thousand barrels and 50 percent of the ports' resources." 
 

He stated that "the delegation's visit again to Baghdad is not known at the moment, but whenever the need arises, we will return to Baghdad."  

[DinarThug]

Central Bank: The new rate made significant gains

 

Posted 8 hours ago

 

News source / Iraqi Media News Agency "INA"

 

Baghdad / N.N.

 

The Central Bank of Iraq announced, on Thursday, that the new dollar exchange rate has made great gains.

A statement by the Deputy Governor of the Central Bank, Ihssan Shamran, reported by (Iraqi Media News Agency /) correspondent, stated that "the bank pursues a quiet policy in the issues that people deal with from their viewpoints, and does not enter into discussions that affect expectations."

Shamran added, "The Central Bank believes that the new price has made great gains, the first of which is to enhance competitiveness in favor of national products, whether agricultural or industrial, in addition to strengthening the public finance resource, which is another goal of the decision."

He explained, "The matter requires strengthening the stability of this decision and not creating shocks that would disturb citizens and affect the sustainability of their activities."

LINK

[lmb4321]

Thanks Thug and 6ly....Keep the News coming till we get the RV......Very Shortly.....👍