Monetary stability and financial inclusion

Author: Mohamed Sherif Abu Maysam

07/5/2018 12:00 AM

With the start of the Financial Inclusion Week, in conjunction with the Arab Week of Financial Inclusiveness, the importance of working on monetary stability as an attractive factor for the monetary bloc in the banking arena is important for the other axes of the
financial inclusion program .
As the case of price fluctuations in the parallel exchange market is a factor of expulsion added to other factors contributed to and contribute to the imbalances experienced by the banking system in the country, which stands in the forefront of the lack of confidence inherited between the banking sector and the public, along with the routine pattern inherited in the mechanisms of work and increased loopholes In the series of service sale processors, as well as to the rights of the customer violations resulting from the continuation of the work patterns bureaucratic handling in public banks
It seems that the introduction of the vocabulary of the national financial coverage program has been limited to intensifying efforts in the areas of introduction of technologies and means of electronic payment and delivery of electronic exchange units to the farthest point in the countryside and the city alongside the axis of public protection and the establishment of a culture of dealing with the public within the financial institutions, Devoting the axes of the banking culture, which is at the forefront of saving culture
But the state of monetary stability is an important factor to instill public confidence in the national currency and a state of optimism about the decline of the role of the parallel market to the exchange market and official transactions, which will contribute to ensure the stability of the public opinion about the vulnerability of the national currency to declines that could damage the value of their savings in the banking sector Thus, with the activation of the role of the work axes of the National Financial Inclusion Program, in which the introduction of technologies through ATM units, the dissemination of banking awareness and the protection of the public, will play a major role in the withdrawal of the condensed cash mass, Rliun dinars of the total mass of cash issued by the Central Bank, amounting to about forty trillion dinars.
With the decline of the dollar exchange rate during the past weeks to rates reached about 1190 dinars to the dollar, despite the attempts of speculators to keep the rate of 1200 dinars per dollar and promote the possibility of rising prices, but the constant stability of the exchange rate close to the exchange rate of sale at the central bank auction and 1189 dinars per dollar, pointing to what looms in the horizon of the features of real monetary stability, which will be revealed in the coming days


BAGHDAD – Baghdad’s operations were closed by midnight before further notice

security  2018/05/07 00:05  36

Baghdad today

An official at the Interior Ministry said Monday that an order issued by the Baghdad Operations Command was to close all cafes in the capital before midnight, until further notice.

The source said in an interview with Baghdad today that “an order issued by the Baghdad Operations Command to close cafes at 11 pm at night in all parts of the capital.”

“The resolution will remain in force until further notice.”

Israeli declares “inauguration of embassy in Baghdad”

Twilight News

16 minutes ago

An Israeli official described the inauguration of his country’s Ministry of Foreign Affairs as a “digital embassy in Baghdad.”

The ministry said in a publication on the page entitled “Israel in the Iraqi dialect” that “this step comes to deepen the feelings of friendliness and rapprochement and understanding, to serve the two peoples, and to show the true face of Israel.”

“There is a long history that brings together the Jews of Mesopotamia, where they have lived for more than 2500 years, and the descendants of Mesopotamia and their offspring in Israel continue to share their memories and contributions to the building of modern Iraq,” she said.

The page’s authors also say it “aims to answer Iraqis’ questions with credibility and transparency, and to encourage dialogue between the Israeli and Iraqi peoples.”

For his part, wrote Ofir Gendelman, a spokesman for Prime Minister Benjamin Netanyahu for Arab media, on his Facebook page: “Shaku Mako? … The Israeli Foreign Ministry launched a new page on Facebook called Israel in the Iraqi dialect.”

Meanwhile, the newspaper “Maariv” Hebrew, Yuval Rotem, Director-General of the Ministry of Foreign Affairs in Jerusalem, on Sunday, that what he called “the digital embassy, keeping pace with the growing interest in the Arab world towards Israel,” he said.

He pointed out that “social networking sites enable Israel to reach a large audience in neighboring countries.”

“We have chosen Iraq in the light of the honorable history of the Iraqi immigrants in Israel and the great interest shown by the people of Iraq to Israel, especially in Iraq,” he said. Last few years”.

He pointed out that “the launch of the page came after the follow-up reactions that appear on the official page of the Israeli Foreign Ministry on” Facebook “from Baghdad and the rest of Iraq.

He considered that “the digital embassy will contribute to the promotion of fruitful and positive dialogue, and will lead to a deep acquaintance between Israelis and Iraqis from all walks of life in Iraq, whether they are Sunnis or Shiites or Korda or the rest of the other spectrum.”

“The section he heads is responsible for many pages in Arabic on social networking sites,” said Yonatan Gonen, head of the Arabic language division of the so-called Digital Diplomacy Department of the Israeli Foreign Ministry. Long period with the Iraqi population on other accounts. ”

He pointed out that “the year 2017 saw the publication of numerous articles in Arabic on different pages, attracted at least 50 million views from Iraq alone.”


Iraq and Jordan agree on an economic and security development

Twilight News

54 minutes ago

Iraq’s Foreign Minister Ibrahim al-Jaafari and his Jordanian counterpart Ayman Safadi announced the development of agreements to boost trade, economic and investment exchanges and facilitate cross-border movement after the opening of the Trebil crossing.

The two ministers stressed at a conference held in Amman on the continuation of defense and security cooperation to confront militarily, security and intellectually.

And stressed their keenness to cooperate in the reconstruction of Iraq. Jaafari welcomed a key Jordanian role in the process.

Safadi stressed that Jordan will contribute all its resources to the reconstruction process and recognizes the importance of restoring Iraq to its full role as a cornerstone for the stability and security of the region and for serving common Arab and Islamic issues.

Safadi stressed the support of the Kingdom for the efforts of the Iraqi government in the reconstruction and the establishment of security, pointing to the importance of the upcoming elections as a major step in the rooting of the democratic process that enshrines the state of citizenship and achievement.


Federal delegation visits Kurdistan to discuss the unification of customs tariffs

Economie Since 2018-05-06 at 17:24 (Baghdad time)

Baghdad – Mawazine News

An official in the Kurdistan Regional Government, a visit to a delegation from the General Customs Authority to the region to discuss the unification of customs tariffs between Arbil and Baghdad.

The Director-General of the Customs of the region, Samal Abdul Rahman, said in a statement “Duwaۆژ” “continued / Mawazin News /,” A delegation from the General Customs Authority, visiting the region today, to discuss customs tariffs in the ports of the region. ”

He added that “the two sides will hold meetings to reach agreement on the unification of customs tariffs in the province and the rest of the provinces of Iraq, and the establishment of a unified system of customs.”

The president of the Kurdistan region, Massoud Barzani, left office on Wednesday (November 1, 2017), leaving his nephew, Nigervan Barzani, “to reconcile with the central government in Baghdad and with neighboring countries and with rival Kurdish parties after the failure of a referendum on independence.”

Postponement of the case of the export of Kurdistan oil region directly to the third of next month



Since 2018-05-06 at 13:13 (Baghdad time)

Baghdad Mawazine News

The Federal Supreme Court decided on Sunday to postpone the lawsuit “to export the Kurdistan region oil extracted from the region directly” to the third day of next month.

“The Supreme Federal Court held its session under the chairmanship of Judge Medhat al-Mahmoud and the membership of all judges, and considered the request of the prosecutor and the Minister of Oil, in addition to his job to oblige the Minister of Natural Resources in the Kurdistan Region / In addition to its function, the implementation and implementation of the provisions of the Constitution and the relevant laws in force, and hand over the entire production of oil produced in the region to the Federal Oil Ministry.

He added that “the hearing witnessed the presence of all parties to the lawsuit, including the third persons entered by the court to find out what is necessary to resolve the case, they are agents of the President of the Federal Council of Ministers, the Federal Finance Minister, and the Prime Minister of the Kurdistan Regional Council in addition to their jobs.”

The official spokesman said that “the Deputy Prosecutor of the Third Chairman of the Council of Ministers of the Kurdistan region / in addition to his job request the delay and the postponement of the case for the purpose of submission of its response,” noting that “the Federal Supreme Court decided – after the agreement of the parties – to postpone the case until the third of next month to enable it Of that ”

Iraqi planes bombarded “inside” Syrian territory


– 5/6/2018 AM . 11:53:00 a.m.24 Number of readings


Khandan –

Iraqi warplanes bombarded the headquarters of the terrorist organization “Da’ash” in the Syrian territories, Iraqi Prime Minister Haidar al-Abadi said Sunday.

Abadi said in a statement that “the order of the Prime Minister and the Commander-in-Chief of the Armed Forces Haider Abadi,” the Iraqi Air Force dealt a painful blow against the site of the leaders of terrorism Dahesh south of Dichisha inside Syrian territory.

Wadishah is a village located in the southern countryside of Al-Hasakah province, northeast of Syria, located on the Iraqi border.

The latest attack is the second of its kind in less than a month. On April 19, the Iraqi Ministry of Defense announced air strikes against the Da’ash sites in the Syrian province of Deir al-Zour on the Iraqi border, killing 36 members of the organization.

Salary distribution schedule on Sunday and Monday

– 5/6/2018 10:20:00 AM .

Khandan –

The Ministry of Finance in the Kurdistan Regional Government on Thursday, a new schedule for the distribution of salaries.

According to the declared table, salaries will be distributed for this day and tomorrow as follows: –

First: Sunday Distribution of salaries:

1 – Ministry of Education

2 – Ministry of Health

Second: Monday Distribution of salaries:

1- Ministry of Finance and Economy

2 – Ministry of Higher Education and Scientific Research

3 – The martyrs and the Anfal

4 – The martyrs and the Anfal and the political prisoners

5 – The Ministry of Transport and Communications.

The IMF expects non-oil GDP to grow in Iraq’s economy

Logo of the International Monetary Fund

Economy News Baghdad:

The International Monetary Fund (IMF) forecasts non-oil GDP growth in Iraq in 2018 and 2019 due to the reconstruction of Iraq.

The International Monetary Fund said in a report, “Regional Economic Outlook” seen by the “economy News”, “The non-oil GDP in Iraq will grow during the years 2018 and 2019 because of the reconstruction of Iraq,” noting that “was lowered forecasts of oil GDP in 2018 In most of the GCC countries and Iraq compared to last October, due to the decrease in oil production in line with the extension of the work of the OPEC agreement. ”

“For 2019, postponement of the date of termination of the agreement means that the growth of oil GDP will increase at a faster rate than expected in October, especially in the GCC,” he said, adding that “in Iraq, the improvement in non-oil activity to overcome the vulnerability Which hit the growth of oil GDP under the OPEC agreement. ”

“Iraq is expected to introduce selective sales taxes and taxes on some goods and services in 2018, but countries in the region can make more efforts to mobilize non-oil revenues,” he said.

Alaq in Kuwait to consult on the $ 2 billion

Mehdi Alalak

Baghdad – Economy News:

A source in the General Secretariat of the Council of Ministers told the “Economy News” that the head of the General Secretariat of the Council of Ministers Mehdi Al-Alak went to Kuwait at the official invitation to consult on the $ 2 billion provided by Kuwait in the reconstruction conference of Iraq.

The Amir of Kuwait, Sabah Al-Ahmad Al-Jaber Al-Sabah, announced February 14, 2018, the allocation of one billion dollars of loans to Iraq and another $ 1 billion to invest in accordance with the mechanisms of the Kuwait Fund for Development.

He added that “the visit of the Secretary General of the Council of Ministers Mahdi Alalak came on the official invitation of the Kuwaiti side.”

He pointed out that “the relationship will discuss the conditions that will put Kuwait on the implementation of 2 billion dollars in Iraq and what projects will be spent on them.”

He explained that “17 countries visited Iraq after attending the donors conference held in Kuwait for its contribution in granting loans to Iraq .”