BondLady’s Corner

TLM724 Administrator BondLady’s Corner

Amer Al-Jawahiri to / NINA /: Changing the value of the national currency at present .. economic confusion .. it should not be linked to additional unstable revenues

Monday 09 August 2021 20:51 | Economic Number of readings: 876   Baghdad / NINA / – The consultant in industrial development, industrial cities and investment, Amer Al-Jawahiri, confirmed that: Changing the value of the national currency is currently…economic confusion..it should not be linked to additional, unstable revenues.  He told the National Iraqi News Agency ( NINA ) that: the change in the value of the national currency against other foreign currencies has not occurred since 2003 except twice, its price was 2500 and then to 1200, and it was changed at the end of last year, which means that during 17 years it was changed only twice.

Al-Jawahiri added that: the rise in oil prices is not fixed, it may rise for several months and decrease again, as happened previously. Noting that: Determining the economic and monetary paths does not depend on steps that occur for some months or seasons of the year.

He explained that: what is happening from changes in oil prices, we should not base them on a change in the amount of the Iraqi currency vis-à-vis other currencies, and not take place in short successive periods, and we do not advise continuing to think about the issue of the value of the currency vis-à-vis foreign currencies at the present time, because it confuses us, we need it. https://ninanews.com/Website/News/Details?key=920531

The appearance of Muhammad Salih to / NINA /: Iraq needs a ten-year plan and a realistic reform program in partnership with the private sector

Tuesday 10 August 2021 11:56 | Economic Number of readings: 375   Baghdad / NINA / – Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed that: Iraq needs a ten-year plan and a realistic reform program in partnership with the private sector.

He told the National Iraqi News Agency ( NINA ) that: drawing up a ten-year plan with a realistic reform program in partnership with the private sector will change economic life towards sustainable development that will move towards public financial sustainability instead of the oil rent threat as an external variable that links the country’s economy to the risks and fluctuations of the global economy in the energy sector.

Saleh added that: Iraq needs an investment development budget that will advance the non-oil GDP and leave the nightmare of oil revenues and prices forever.

He explained that: Our country is rich in its material and human resources, and it needs regular investment financing to achieve a level of growth equivalent to double the current population growth, especially in agriculture and manufacturing, with the active participation of the private sector./ End 3

https://ninanews.com/Website/News/Details?Key=920607

A Slight Decrease In The Exchange Rates Of The Dollar In The Local Markets

Economie| 11:06 – 10/08/2021   Baghdad – Mawazine News   The dollar exchange rates recorded, on Tuesday, a slight decline in the main stock exchange and local markets in the capital, Baghdad.

The dollar exchange rate fell on the Central Kifah Stock Exchange in Baghdad, today, recording 147,850 dinars, for each $100 bill.

The prices of buying and selling the dollar decreased in exchange companies and local markets in Baghdad, as the selling price reached 148,250 dinars for each denomination of 100 dollars, while the purchase prices amounted to 147,250 dinars, for each denomination of 100 dollars. Ended 29/A

https://www.mawazin.net/Details.aspx?jimare=163330

The Central Bank’s Sales Of Hard Currency Fell By 7.93 Percent

Economie| 02:51 – 10/08/2021   Baghdad – Mawazine News:   The Central Bank of Iraq’s sales of hard currency, on Tuesday, decreased by 7.93 percent.

And the Central Bank auction for the sale and purchase of foreign currencies witnessed a decrease in its sales to reach 209 million and 730 thousand and 601 dollars.

The purchases amounting to 191,280,601 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 18 million and 450 thousand dollars went in cash.

32 banks responded to requests to enhance balances abroad, and 9 banks to meet cash requests, in addition to the participation of 5 exchange companies.    https://www.mawazin.net/Details.aspx?jimare=163369

Issue (4643) Of The Iraqi Gazette, Issued On 2/8/2021, Was Published

2021-08-10 11:54:00

1- Republican Decree No. (40) of 2021 appointing judges in the Federal Court of Cassation.

2- A correction statement issued by the Presidency of the Republic’s Office regarding the law of the accession of the Republic of Iraq to the Convention on the Physical Protection of Nuclear Material No. (111) for the year 2021.

3- Decision issued by the Terrorist Fund Freezing Committee No. (18) of 2021.

4- The decision to increase the capital of the General Company for North Electricity Distribution and its establishment statement.

Those wishing to acquire a copy of the Iraqi facts can refer to the Iraqi facts department located in Salhiya / Haifa Street (Ministry of Justice Building), and obtain the required number.   https://www.moj.gov.iq/view.5790/