Henig:  The Anti-Corruption Committee arrests the director of contracts and projects in Anbar Governorate

January 25, 2023

Baghdad / Obelisk: The Anti-Corruption Committee executed, on Wednesday, a judicial order and arrested the director of contracts and projects in Anbar Governorate, Anwar Al-Alwani.

A source told Al-Masalla that the intelligence partnered with the Anti-Corruption Committee and carried out the arrest warrant.

In the context, political analyst Azhar Shalal said that Anwar Al-Alwani is the owner of the largest corruption files and gambled with project funds looted from the Anbaris’ sustenance.

Shalal added that he owns billions, all of which were stolen from the province’s projects.  LINK

Henig:  Traders are beginning to implement an initiative that may end the dollar crisis in Iraq

|Today, 17:17 | Baghdad today-Baghdad

Today, Wednesday, the Diyala Chamber of Commerce revealed the existence of a “timid initiative” initiated by some merchants that may save Iraq from the dollar crisis.

The head of the Diyala Chamber of Commerce, Muhammad Mulla Jawad, said in an interview with (Baghdad Today), that “the dollar crisis is hitting the Iraqi markets hard, as it is an influential factor in determining the prices of about 90% of imported goods and materials directly, and it also pushes to suffocate the poor and the simple through Raising the prices of basic commodities, including food.

He added, “According to the information, there is a shy initiative adopted by some merchants to pay the costs of goods imported from neighboring countries in national currencies away from the influence and dominance of the US dollar,” pointing out that “what happened, although it is very limited, but it may constitute a light at the end of the tunnel for a worthy strategy.” The study by the Sudanese government by establishing mechanisms for the use of national currencies in import and export with neighboring countries according to fixed mechanisms.

He pointed out that “the adoption of national currencies will reduce the demand for the dollar by a very large percentage and push us to get out of its crises and its pressure on the markets,” pointing to “the need to study this proposal and put it in legal contexts because the pressures that Baghdad is suffering because of the dollar are the same that are present in the capitals.” other countries”.  LINK


Henig:  The Iraqi dinar tops the Arab currencies facing heavy losses against the dollar

|Today, 19:24 |

Baghdad today – follow-up

Today, Wednesday, a press report revealed that the Iraqi dinar topped 6 Arab currencies facing heavy losses against the dollar.

And a report followed by (Baghdad Today) stated that “six Arab currencies are facing severe losses against the US dollar. Observers’ expectations indicate that the main interest rate of the Federal Reserve Bank (the US central bank) may exceed five percent annually at the present time. But US lawmakers have begun to move More cautiously, after signs that the country’s biggest inflation in decades was beginning to abate, they agreed to raise the central bank’s interest rate by half a percentage point, pushing the target range for the Fed’s benchmark interest rate up from 4.25 percent to 4.5 percent, higher. Average over 15 years, but this increase was less than what was announced in the recent period.

He added, “The world is closely watching the movements of the US Central Bank, as the United States is leading a global shift towards raising borrowing costs after years of low interest rates that followed the financial crisis, but Federal Reserve Chairman Jerome Powell said that the next increase in interest rates,” It’s still a significant increase historically and we still have a long way to go.”

He continued, “In terms of losing Arab currencies against the dollar, and according to a statistic prepared by The Independent Arabia, followed by (Baghdad Today), the Iraqi dinar came at the top of the list. According to the data, the exchange rate of the dollar in the Iraqi market jumped by 10,890 percent, after the price of the dollar rose. The exchange of the dollar from the level of 1475 dinars at the beginning of 2022 to about 164,100 dinars at the present time, so that the US dollar gained about 160,615 dinars.

And he stated, “In second place, we find the Tunisian dinar, after the exchange rate of the US dollar jumped by 132.3 percent, as the exchange rate of the US green paper jumped from the level of 1.33 dinars at the beginning of last year, to about 3.09 dinars at the present time, so that the US dollar gained about 1.76.” Dinar”.

He explained that “the Yemeni riyal came in third place after the exchange rate of the US dollar increased by 106.4 percent, after its price jumped from the level of 599 riyals at the beginning of 2022, to about 1236 riyals at the beginning of this year, so that the US dollar gained about 637 riyals.” Until, “In fourth place, the Egyptian pound came after the exchange rate of the US dollar in the Egyptian market jumped by 89.45 percent. The exchange rate rose from the level of 15.74 pounds during the first quarter of last year, to about 29.95 pounds at the present time, to win the US dollar.” About 14.08 pounds.

He pointed out that “the Syrian pound came in fifth place, as the exchange rate of the dollar jumped during the last year’s trading, by 85 percent. According to the data, the dollar exchange rate jumped from the level of 3,590 Syrian pounds at the beginning of last year, to about 6,640 pounds at the time.” The current one, so that the American green paper will win about 3050 pounds.

While “the Lebanese pound came in sixth place after the exchange rate of the dollar rose by 27 percent. At the beginning of last year, the dollar was trading in the Lebanese market at the level of 40,000 pounds, but it jumped to the level of 50,800 pounds at the present time, so that the US dollar gained about 10,800 lira.

The US Central Bank will continue to raise interest rates

In a recent research note, global economist Mohamed El-Erian said, “The Federal Reserve should raise interest rates by more than market expectations during its next meeting, with concern about a halt to the downward trend in inflation in the coming months.” “Personally, I prefer a 50 basis point rate hike, because I think inflation will be stuck near four percent by the middle of this year,” Allianz chief economic advisor added.

Most financial market expectations indicate that the Federal Reserve will raise interest rates by 25 basis points at its scheduled meeting on January 31 and February 1. The US Central Bank had reduced the rate of interest rate hikes at the last December meeting by about 50 basis points, after 4 consecutive increases by 75 basis points, to reach the range of 4.25 percent and 4.5 percent now.

El-Erian noted, “The Fed still faces a credibility problem, with the fact that market pricing of the monetary policy path runs counter to the Fed’s larger message that it still has a lot of work to do to reach its inflation target of around 2 percent.”   LINK


Henig:  Bathing in coriander-filled water


(VEN) – Boiling coriander and bathing in its fragrant water is a ritual cleansing for the Lunar New Year, which is believed to drown the misfortunates and impurities of the past.

Bathing in coriander-filled water is believed to wash off all unclean and impure acts and thoughts and is usually done on the last day of the old lunar year.

The plant is grown in medium to heavy soil. It can be harvested easily by hand without the need for tools. Harvesting is usually done on the last several days of the old lunar year.

Coriander is also highly valued in traditional medicine. According to the Oriental Medicine Association, coriander stems and seeds are medicinal herbs. The seeds are spicy, and bathing in mature coriander plants provides relief from colds. It also detoxes the body and prevents and cures measles.

Coriander cultivation has become a sustainable livelihood for people in a number of localities in the Hanoi suburbs, including Duong Xa, Kim Son, Le Chi, and Duong Quang communes in Gia Lam District, and Kim An Commune in Thanh Oai District, and elsewhere.

Le Thi Hieu, a farmer from Hoach An Village in Thanh Oai District’s Kim An Commune said that about five days before Tet, everyone in her family is busy with harvesting old coriander trees for sale, and her family’s 360sq.m. coriander garden has annually brought in significant revenue.

Another farmer, Nguyen Van Thanh, said villagers have replaced corn and some other crops with coriander, and each coriander crop lasts for two months and provides a sustainable income. Thanh said his family has been growing coriander for eight years, starting with a cultivated area of several hundred square meters, which has so far been expanded to more than 10,000sq.m.

The largest coriander flower garden in Vietnam is found in Tan Son Village in Thach Son Commune of Thanh Hoa Province’s Thach Thanh District. The 4-hectare field is the raw material growing area of the Befine company, an essential oil producer.

The health benefits of coriander may include its use in the treatment of skin inflammation, high cholesterol levels, diarrhea, mouth ulcers, anemia, and indigestion. The plant can also come handy for menstrual disorders, smallpox, conjunctivitis, skin disorders, and blood sugar disorders, while also benefiting eyesight.

Thanh Tam  LINK


Henig:  Almost 3,000 tonnes of farm produce exported to China via Lạng Sơn’s border gates

January, 25/2023 – 13:26

This year, the customs clearance of agricultural products at Lạng Sơn’s border gates began earlier than in previous years, showing that China’s demand for those products is increasing after the COVID-19 pandemic period.

HÀ NỘI – Exports of agricultural and fruit products, mainly dragon fruit and mango, reached almost 2,700 tonnes to China through Lạng Sơn Province border gates on January 24, the third day of the Lunar New Year.

They were the first farm produce exported to China via the Hữu Nghị border gate in the new lunar year.

This year, the customs clearance of agricultural products at Lạng Sơn’s border gates began earlier than in previous years, showing that China’s demand for those products is increasing after the COVID-19 pandemic period.

“On this Tết holiday, we arrange for officers to be on duty at customs lines, ensuring that goods are exported and imported in a convenient and fast way,” said Trần Văn Nghĩa, deputy head of the Customs Office at the Hữu Nghị border gate, Lạng Sơn.

According to the notice at the border gates of Lạng Sơn Province, import and export goods registered before the start of the Lunar New Year festival would be cleared from January 24-27. Normal procedures at the border gates will resume from January 28.