TLM724 Administrator BondLady’s Corner
Territory Government: We Will Continue Negotiations With The Federal Government To Resolve The Oil And Gas Issue
Posted On2022-02-27 By Sotaliraq KRG Minister of Parliament Vala Farid said on Sunday that the KRG will continue negotiations and dialogues with the federal government to find a solution on the oil and gas issue after the Federal Supreme Court decision.
Farid headed a delegation of the regional government, which met with the heads of the political blocs in the Kurdistan Parliament to discuss the issue of the Federal Court’s decision to cancel the oil and gas law in the region.
After the meeting, the minister said in a statement to reporters, “We were unanimously agreed that the decision is political and in violation of the articles and paragraphs of the Iraqi constitution,” stressing that “the regional government will continue negotiations and dialogues with Baghdad to address these problems.”
She added, “The Kurdistan Parliament as a legislative body, and all institutions in the region will have the final say on this matter.” LINK
Economist: Restoring Confidence In The Iraqi Dinar Requires Moving To Adopting Financial Inclusion Mechanisms
Saturday 26 February 2022 10:39 | economic Number of readings: 214 Baghdad / NINA / – The expert in economic affairs, Safwan Qusay, stressed the need to expand the sources of obtaining the dollar and open different windows to support the dinar and move to the open currency market, stressing that restoring confidence in the Iraqi dinar and the Iraqi financial and banking system requires moving as soon as possible to adopting financial inclusion mechanisms.
Qusay said in a statement to the National Iraqi News Agency / NINA/ That “the process of determining the fair value of the Iraqi dinar requires monetary policy to unite with fiscal policy to control inflation and convert the Iraqi dinar into a productive dinar after it was disrupted due to misdirection of public spending,” noting that “the fixed price policy of the Iraqi dinar, which is pegged to the US dollar, contributed In reducing the sources of risk for the value of the currency, but it transferred those risks to the reserves of the Central Bank, which were reduced due to the dependence of the dollar balance of Iraq on oil prices.”
He stressed: “The necessity of expanding the sources of obtaining the dollar through the current and strategic economic reform approach to contribute to opening different windows to support the dinar and the transition to the open currency market, with the necessity of operating other monetary tools by the Central Bank of Iraq to contribute to controlling the money supply and controlling the rates of price increases. “.
The economic expert continued, “The restoration of confidence in the Iraqi dinar and in the Iraqi financial and banking system requires moving as soon as possible to adopting financial inclusion mechanisms to activate the process of investigating the sex of money and tracking the movement of goods, which is the most important steps to fight corruption.”/ https://ninanews.com/Website/News/Details?Key=959333
Learn About Iraq’s Ranking In The List Of The Largest Arab Gold Reserves
Economie| 10:59 – 27/02/2022 Follow-up – Mawazine News The World Gold Council announced, on Sunday, that more than 2,000 tons of gold are in the possession of a number of Arab countries.
In a report seen by Mawazine News, the council said that “the central banks of ten Arab countries own more than 2,180 tons of gold,” noting that “these countries combined are much less than what the United States alone possesses in possession of 8,133 tons of gold.”
The report added that “Saudi Arabia comes at the forefront of the Arab countries with the most gold, with its holdings of 323.1 tons, followed by Lebanon with 286.8 tons, then Algeria with 173.6 tons, Libya with 116.6 tons, and Iraq fifth with reserves of 96.4 tons.”
And he added, “Egypt’s reserves amounted to 80.9 tons, Kuwait 79 tons, Qatar came with reserves of 56.7 tons, followed by the UAE with 55.2 tons, and finally Jordan came with 43.5 tons.” Ended
After Full Payment .. Economical Provides Ways To Take Advantage Of The Surplus Of Iraq Debt
Economic Last Updated 2022/02/27 | 7:54 pm Information / Special .. Bassel al-Obeidi, Sunday, introduced economic roads to take advantage of funds paid by Iraq as international debts.
Al-Obeidi told the information.”.
“After paying Iraq for all international debt annually, in addition to the benefits and fees he paid on his will, the Iraqi government and a decision of the House of Representatives, provide not to enter the amount in budgets,” he said. “The proportion of international debt has been more than seven percent of monthly oil revenues,” Al-Obeidi said https://almaalomah.me/2022/02/27/584611/
Baghdad’s Trade Calls For The Involvement Of Economists To Develop Upcoming Plans
economic 2022/02/27 | 7:26 pm Information / Special ..The Baghdad Chamber of Commerce, Sunday, the Ministry of Planning for Publishing and SEC and experts called on statistical and proportion of statistical data, which helps to crunch of economic matters.
“The Ministry of Planning has to participate statistical and appropriate data with economists and experts so we can serve as a new plan to build economics and Iraq on accurate statistics,” said Rashid Al-Saidi.
“Iraq is on the doors of forming the new government and approving a 2022 budget, therefore, economic participation and data must be made to provide strong and court plans to improve the economic situation,” he said.
The Russian-Ukrainian war has a significant impact on the Iraqi economy as much as imported materials and trade with the two countries. https://almaalomah.me/2022/02/27/584602/