Bondlady’s Corner

Iraqi News Highlights Wednesday Afternoon 3-22-23

Tlm724 Administrator Bondlady’s Corner

Determine The First Day Of The Holy Month Of Ramadan

The Sunni Endowment Diwan has set tomorrow, Thursday, the first day of the holy month of Ramadan.

The Diwan said in a statement, “The Supreme Commission for Seeing the Crescent in the Sunni Endowment Diwan has set tomorrow, Thursday, the first day of the blessed month of Ramadan.”

Also, 11 Arab countries announced that Thursday, March 23, 2023, will be the first day of the blessed month of Ramadan, according to official data from those countries.

Data was issued for Egypt, Palestine, Syria, Sudan, Yemen, Iraq (the Sunni endowment only), Saudi Arabia, Qatar, the Emirates, Kuwait and Bahrain, with the exception of the Sultanate of Oman, which said it was exploring the crescent.

And in Saudi Arabia, the Crescent Chamber of the Supreme Court announced that “Thursday is the beginning of the month of Ramadan, after it was not possible to see its crescent,” according to a statement by the royal court, which was reported by the official news agency, “SPA”.

Ramadan also falls on Thursday in both Qatar and the UAE, after it was not possible to see the crescent, according to official statements by the Qatari Endowment and the Emirati Investigation Committee.

Iraq, Yemen, Kuwait and Bahrain announced the advent of the month of Ramadan, Thursday, after its crescent was not possible, according to data from the Kuwaiti and Bahraini Sharia Vision Authority, the Iraqi Sunni Endowment Office and the Yemeni endowment.

Ramadan falls on Thursday, in Egypt, Palestine, Sudan, and Syria, after it was not possible to see its crescent, according to televised statements by the Palestinian Mufti Muhammad Hussein, the Egyptian Shawky Allam, and the Sudanese Islamic Fiqh Academy, and a statement about the endowments of the Syrian regime.

The Ministry Of Interior Issues Instructions For The Holy Month Of Ramadan

local| 03:25 – 03/22/2023  Baghdad – Mawazine News, Interior Minister Abdul Amir Al-Shammari announced, today, Wednesday, the instructions for the blessed month of Ramadan.

Al-Shammari said in a statement, which Mawazine News received, a copy of it, “On the occasion of the blessed month of Ramadan, may God bring it back to Muslims with goodness and blessings, I extend my sincere heartfelt congratulations to our dear people, praying to God Almighty to accept your deeds, and every year, you are a thousand good.”

He added, “Based on the authority vested in us under Article (4) of the Ministry of Interior Law No. (20) of 2016 and in implementation of the provisions of Articles 2 and 3 of the aforementioned law, which stipulated the goals and tasks of the Ministry of Interior in consolidating public order, maintaining internal security and coordinating with ministries, state institutions and local governments.

In all governorates in order to enforce the relevant legislation, and to preserve the sanctity of the blessed month of Ramadan and the respected social and clan traditions in our society, and for the requirements of the public interest, we issued the following statement:- 1- It is strictly forbidden to break the fast publicly or publicly break the fast contrary to the instructions issued by the competent official authorities

, The violator will be liable

2- Closing all alcoholic beverages stores during the holy month of Ramadan, and the violator will be liable.

3- All restaurants, cafes and shops that serve food or drinks that are not duly approved by the competent authorities shall be closed during fasting times and until the time of Iftar.

4- The competent authorities in our ministry shall implement this statement in coordination with the relevant ministries, official government agencies and local governments.

5- The violator of the provisions of the law referred to in the paragraphs of this statement shall be subject to legal and judicial liability.

6- This statement shall be implemented from the date of its issuance.

The High Exchange Rates Of The Dollar In Baghdad With The Closing Of The Stock Exchange

Economy  Wednesday, March 22, 2023 4:25 PM  Baghdad / The National News Center

The exchange rates of the US dollar rose against the Iraqi dinar, today, Wednesday, with the closure of the main stock exchange in Baghdad.

The correspondent of the National News Center said, “The central Kifah Stock Exchange in Baghdad closed at 156,100 Iraqi dinars for 100 dollars, while the prices this morning were 155,800.”

He added, “The buying and selling prices in exchange shops in the local markets in Baghdad rose, as the selling price reached 156,500 Iraqi dinars, while the purchase prices reached 155,000 dinars per 100 dollars.”

The Association Of Banks And The Central Bank.. Towards A National Lending Strategy

Money  and business  Economy News-Baghdad  The Association of Iraqi Private Banks held the closing ceremony of the “Activating Lending Programs in Iraq” program, supported by the United States Agency for Development (USAID), within the project of Permanently Adaptive Communities and Supporting Economic Opportunities “Tahfiz”, which lasted for 6 months.

The program revolved around launching a policy paper that includes an action map to increase access to financing, training a group of credit department employees in banks, preparing 7 trainers in the field of credit and credit analysis, in addition to submitting recommendations to the Central Bank and the government in order to make decisions that facilitate the lending process.

The governor of the Central Bank, Ali Al-Alaq, said in his speech that “the central bank is working to establish a loan guarantee company to provide high flexibility to the banking sector for lending,” noting that “the central bank lent through its initiatives about 13 trillion dinars.”

He added, “The banking sector is responsible for lending and should not rely on the central bank in the lending process,” explaining that “the central bank is working on a national strategy to build lending rules that will be shared between the banking sector, the central bank and the government.”

For his part, the head of the Association of Private Banks, Wadih al-Handal, said in a speech delivered on his behalf by the Association’s advisor, Samir Al-Nusairi, that “the program is very important to accelerate the lending process in Iraq,” adding that “the banking sector has a major role in accelerating growth in economic sectors, which is reflected positively on the gross domestic product.

The Executive Director of the Association of Banks, Ali Tariq, gave “a presentation that included the objectives of the project, the method of its implementation, and the volume of lending in the banking sector, which amounted to more than 60 trillion dinars at the end of 2022.”

The conference concluded with a discussion session moderated by Samir Al-Nusairi, the advisor in the association, and included a representative of the Operations Department of the Central Bank, Hussein Atwan, the head of the credit committee in the association, Alaa Faeq, the company’s director for bank guarantees, Hussein Thamer, and the representative of the Iraqi Company for Financing Small and Medium Enterprises Ahmed Sabah.

Central Bank Sales Exceed $ 213 Million In Today’s Auction

Economy| 11:53 – 03/22/2023  Baghdad – Mawazine News  The Central Bank’s sales of foreign currency exceeded 213 million dollars in the currency auction for this day.

The New Deputy Governor Of The Central Bank Begins His Duties

Economy| 08:46 – 03/22/2023   Baghdad – Mawazine News, the new Deputy Governor of the Central Bank, Faisal Al-Haimus, began today, Wednesday, his duties.

The Central Bank said, in a statement received by Mawazine News, that “the new Deputy Governor of the Central Bank, Faisal Al-Haimus, today started his duties in the position.”

Al-Haimus expressed his “full support for team work and the plans set by the Central Bank Governor, with the aim of upgrading and advancing the bank’s situation.”

And he stressed, “Striving to assume the responsibility entrusted to him, and to be up to this task,” noting that “The Central Bank is one of the most important state institutions, as it plays an important role in community service.”


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