Bondlady’s Corner

Iraqi News Highlights Monday Afternoon 5-1-23

Tlm724 Administrator Bondlady’s Corner

Masrour Barzani Receives The Minister Of Planning To Discuss The Federal Budget Law And Solve Problems Between The Region And The Center

Monday 01 May 2023 13:48 | political Number of readings: 133   Baghdad / NINA / – The President of the Kurdistan Regional Government, Masrour Barzani, received today, Monday, the Deputy Prime Minister and Minister of Planning in the federal government, Muhammad Ali Tamim.

According to a statement by the regional government, the meeting witnessed: They discussed the general situation in Iraq, and the need to approve the federal general budget law in the parliament as soon as possible, hoping that it will be the beginning of resolving problems between the Kurdistan region and the federal government under the umbrella of the constitution, in a way that guarantees the constitutional rights and entitlements of the citizens of Kurdistan.

The importance of implementing all agreements included in the ministerial curriculum of the federal government was emphasized./

The Rise In The Exchange Rate Of The Dollar On The Local Stock Exchange

Monday 01 May 2023 10:47 | Economical Number of readings: 414  Baghdad / NINA / – Today, Monday, the exchange rates of the dollar against the dinar recorded an increase in the local markets.

And the selling price recorded 143,000 dinars per 100 dollars, while the purchase price reached 142,000 dinars per 100 dollars, in the capital, Baghdad. /

Low Global Oil Prices

Energy  Economy News – Baghdad  Oil prices fell on Monday, amid fears that the US Federal Reserve may raise interest rates, which could slow growth and hurt fuel demand, and concerns about weaker Chinese manufacturing data combined to eradicate earlier gains.

Brent crude futures for July delivery were down 63 cents, or 0.8%, at $79.70 a barrel at 04:13 GMT.

US West Texas Intermediate crude lost 67 cents, also down 0.8%, to trade at $76.11.

The Central Bank Of Iraq Issues A Clarification Regarding The Loans Of Its Various Initiatives

May 01, 2023      In continuation of the developmental role of the Central Bank of Iraq and its contribution to promoting economic growth, and achieving various monetary policy goals, especially the stability of the general level of prices, this bank issued a clarification regarding its various initiatives,

Emphasizing the continuation of financing small and medium enterprises within the initiative of (4) trillion dinars according to the remaining allocation and an amount not exceeding (50) million dinars for each loan, and for a maximum period of (5) years,

provided that the benefits, commissions and the rest of the same procedures are approved according to the unified controls of this initiative.

He explained that the initiative to finance the purchase of electric power generation units from renewable sources is also continuing, as part of an initiative to allocate an amount of (1) trillion dinars.

Stressing that continuing to provide financing to the Real Estate Bank and the Iraqi Housing Fund to grant housing loans to citizens and according to the previously allocated amounts, and

this bank has not stopped providing its initiatives to the aforementioned parties within the amounts allocated since the launch of the initiatives, noting that

the value of the initiative has increased since 2015 until now, and reached More than (18) trillion Iraqi dinars.

He called this bank, the real estate bank owned by the Federal Ministry of Finance, and the Iraqi Housing Fund of the Ministry of Housing and Construction to increase their capital, to maximize their financial resources and increase their lending capacity.

Central Bank of Iraq   information Office  1 – May – 2023

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