More Iraqi News Friday AM 11-27-20
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Allawi: Through The White Paper, We Will Reform The Fiscal Policy
Economie| 04:24 – 27/11/2020 Baghdad – Mawazine News The Minister of Finance, Ali Abdul Amir Allawi, confirmed, on Friday, that the Ministry of Finance, through the White Paper, will reform the financial policy, monitor and change the economy. Allawi said during his attendance at the meeting of the Iraqi Private Banks Association, that “the banking sector is one of the most important sectors, and the state is working to support it in order to move the economy,” noting that “the current economic reform movement is the most serious and will continue to the next governments.”
He added that “the Ministry of Finance is working to strengthen the infrastructure for the advancement of all economic sectors, especially the banking sector, in order to support investment projects in Iraq,” explaining that “the Ministry of Finance does not see any alternative but to strengthen the banking sector and push it forward by removing obstacles in front of it.” .
He noted that “the Ministry of Finance seeks to offer bonds worth 3-5 billion dollars to citizens in the two currencies, the dinar and the dollar,” expecting “private and government banks to buy them.”
He pointed out that “the exchange rate of the dinar against the dollar will be fixed when issuing bonds in order to avoid any losses in bond purchases by banks and citizens,” stressing that “the Ministry of Finance, through the White Paper, will reform the financial policy and monitor the economy, and change it to keep pace with the global economy,” explaining that The political decisions that were taken in the past affected the economy. ”
On the other hand, “the head of the Iraqi Private Banking Association, Wadih Al-Handal, thanked the Minister of Finance for responding to the invitation,” stressing that “the white paper accurately diagnosed the economic problems, and solutions became available to all officials.”
Al-Handal explained that “Iraq is now at a crossroads, and if the rapid reforms necessary to pull the country out of its crisis are not implemented, this crisis will worsen in the coming year and the years that follow,” calling for “the adoption of reform policies and contribution to their implementation, whether at the level of the public or private sector.”
He pointed out that “the Association of Private Banks praises the reforms related to the banking sector included in the white paper,” praising “the procedures of the Central Bank of Iraq that continuously contribute to supporting the private banking sector.” Ended 29 / h https://www.mawazin.net/Details.aspx?jimare=131983
Al-Rafidain For Citizens: Hoarding Your Money In Homes Is Useless
Time: 11/27/2020 09:18:38 Read: 4,082 times {Baghdad: Al Furat News} Al-Rafidain Bank called on citizens to deposit their money in the bank and obtain profitable financial benefits for them.
The media office of the bank, in a statement received by the Al Furat News Agency, a copy of it, stated that “depositing citizens’ money in bank branches and opening bank accounts for them will be matched by the granting of interest.”
He pointed out, “Many citizens are still hoarding their money in their homes, without success, and they should benefit from moving this money into the banking sector, investing it and attracting it to operate in other sectors.” LINK
Mr. Al-Safi And The Ambassador Of The European Union Discuss Important Topics In The Iraqi Affairs
Time: 11/27/2020 11:44:42 Read: 2,808 times (Baghdad: Al Furat News) The Undersecretary of the Supreme Religious Authority, Mr. Ahmed Al-Safi, received the Ambassador of the European Union in Iraq, Martin Hoss, and his accompanying delegation.
A statement by the Abbasid shrine stated that “the meeting was attended by the Secretary-General of the Holy Shrine, Muhammad al-Ishaqir and a number of its board members.” The statement indicated that “the two parties discussed several important axes that dealt with the Iraqi issue at this stage.” LINK
The Cabinet Secretariat Discusses Plans To Support The Administration And Investment
Time: 11/27/2020 11:34:05 Read: 1,300 times {Baghdad: Al Furat News} The Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, discussed with the international players, Karrar Jassim and Muhammad Abdul Zahra. Concerns of the sports reality in Iraq, and ways to establish vital plans at the level of: management and investment; To support sporting events and develop them in all fields.
The Secretary-General of the Council of Ministers, in a statement received by the Al Furat News Agency, a copy of it today, expressed the government’s constant and continuous readiness to support Iraqi sports, and its sports stars who are training and working In order to raise the name of Iraq and its flag in international forums.
On their side, the two international players: Jassim and Abdul Zahra praised the support of Iraqi officials in general and the high attention paid by the Secretary General of the Council of Ministers to the sports sector and athletes. LINK
This Is What Iraq Expects From The Biden Administration
Time: 11/27/2020 08:45:28 Read: 4,563 times {International: Al Furat News} The Minister of Foreign Affairs, Fouad Hussein, said that he expects a “different deal” from the administration of the Democratic candidate for the American elections, Joe Biden, regarding the Iraqi file.
Hussein clarified in a press statement that Biden and his Foreign Minister Blinken will give priority to his country’s file.
He added, “We do not want Iraq to be an arena of conflict between Iran and the United States,” stressing that this had a negative impact on the Iraqis.
He pointed out that he did not expect “a radical change in the US-Iranian conflict.”
In another context, Fuad emphasized that the relations between Iraq and Kuwait are strong despite the unfortunate past, and considered Saudi Arabia an important partner for Iraq.
The Foreign Minister stressed that Iraq rejected the PKK’s activity, stressing at the same time that Turkey had no right to incursion into Iraqi lands. LINK
The Governor Of The Central Bank And The Jordanian Ambassador Discuss Strengthening Cooperation In The Banking Sector
2020-11-26 | 12:28 372 views The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, discussed, on Thursday, with the Jordanian ambassador, strengthening cooperation in the fields of the banking sector.
In a statement, Alsumaria News received a copy of it, the bank said, “It is terrifying,” today, Thursday, the Jordanian ambassador to Iraq Montaser Al-Zoubi, during the meeting, they discussed bilateral relations between the two countries, and ways to enhance joint cooperation in the fields related to the banking sector.
“The Central Bank of Iraq is keen to strengthen and develop its financial relations with the Kingdom of Jordan, which will contribute to providing a safe environment for investment,” Mukhaif said.
For his part, the Jordanian ambassador expressed “support for his country in various fields, opening horizons for financial and economic cooperation, with the Central Bank of Iraq and strengthening partnership in the interest of the two countries and two brotherly peoples. LINK
The Governor Of The Central Bank And The Jordanian Ambassador Discuss Strengthening Cooperation In The Banking Sector
POSTED ON 2020-11-27 BY SOTALIRAQ The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, discussed, on Thursday, with the Jordanian ambassador, strengthening cooperation in the fields of the banking sector.
The bank said in a statement that it was frightening, “Today, Thursday, he received the Jordanian ambassador to Iraq, Montaser Al-Zoubi, and during the meeting they discussed bilateral relations between the two countries, and ways to enhance joint cooperation in the fields of the banking sector.”
“The Central Bank of Iraq is keen to strengthen and develop its financial relations with the Kingdom of Jordan, which will contribute to providing a safe environment for investment,” Mekhaif said.
For his part, the Jordanian ambassador expressed “support for his country in various fields, opening horizons for financial and economic cooperation, with the Central Bank of Iraq and strengthening partnership in a way that serves the interest of the two brotherly countries and peoples.” LINK
A Deputy Reveals The Percentage Of Non-Oil Revenues That Do Not Enter The State Treasury
Pratha News Agency108 2020-11-27 Today, Friday, a member of Parliament, Mudhar Al-Karawi, confirmed that 80% of non-oil revenues do not enter the Iraqi state treasury.
Al-Karawi said, “The financial and economic situation in Iraq in general is very difficult and the current crisis may be the beginning of a very harsh situation in the near future because there are accumulated mistakes that have been going on for many years without any solutions and not feeling the changes taking place in Iraq through the diversity of energy sources and the adoption of other alternatives.” .
Al-Karawi added, “The level of corruption in the country is tremendous and terrifying at the same time, pointing out that all official reports indicate that 80% of non-oil revenues do not enter the Iraqi state’s treasury because of corruption or chaos or failure to organize the revenue file, pointing out that oil will not remain until what The end of the main energy source in the world in light of the frequent decline in prices.
Al-Karawi pointed out that “the Iraqi economy is in dire need of bold decisions that will be the beginning of the rescue in order to avoid a tragic situation that may be distant at that time out of reach.”
http://burathanews.com/arabic/economic/381332
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