Security Council Sanctions Committee concerning Iraq Removes One Entity from Its Sanctions List

PRESS RELEASESC/14390 16 DECEMBER 2020

• SECURITY COUNCIL

On 16 December 2020, the Security Council Committee established pursuant to resolution 1518 (2003) approved the removal of the following entity from its List of Individuals and Entities subject to the assets freeze set out by paragraphs 19 and 23 of Security Council resolution 1483 (2003) adopted under Chapter VII of the Charter of the United Nations:

B. Entities and other groups

IQe.003 Name: RAFIDAIN BANK
A.k.a.: AL-RAFIDAIN BANK F.k.a.: na Address: Rashid Street, Baghdad, Iraq Listed on: 21 Nov. 2003 Other information: Activity: General purpose bank

The names of individuals and entities removed from Committee’s Sanctions  List pursuant to a decision by the Committee may be found in the “Press Releases” section on the Committee’s website at:  www.un.org/sc/suborg/en/sanctions/1518/press-releases.

https://www.un.org/press/en/2020/sc14390.doc.htm

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Mid-January .. Iraq Applies The Electronic Payment System, Exporters And Importers

On December 31, 2020

The Independent / – The Iraqi government will start implementing the electronic payment system for exporters and importers, as of mid-January.

The director of the General Company for Iraqi Fairs and Commercial Services, Sarmad Taha Saeed, told the Iraqi News Agency “INA” that the company has signed a contract with the Central Bank regarding electronic payment, as it will be the middle of next month to implement the electronic payment system, which will allow exporters and importers to pay with any card Available.

He added that “attractive offers were made to the exporters, by giving 10% of the invoice value free of charge, in support of the Iraqi exporter, as our goal is not only to export, but to be the transfer in Iraqi banks, and to provide hard currency.”

He pointed out that “the Council of Ministers previously issued a decision to make the export absolute, but we were surprised to stop exporting most of the materials due to the existence of laws that contradict the decision.”

He explained that “when traders started exporting, they were surprised to stop exporting gravel, aluminum products, etc., as we must obtain sectoral approvals, after which export is allowed.”

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The General Secretariat sets the date for the return of the official working hours after the days of the New Year holidays

2020.12.31 – 12:00

Baghdad – People  

The General Secretariat of the Council of Ministers has set, next Monday, the date for the start of the official working hours for the new year.  

“On the occasion of the anniversary of the birth of Jesus (PBUH) and the New Year holidays, we extend our congratulations and congratulations to our Christian families and the sons of our dear Iraqi people, and we look forward to more stability, security and construction,” the secretariat said in a statement received by “People”. “.  

The statement added that “the start of the official working hours for the new year will be on Monday 1/4/2021.”  

https://www.nasnews.com/view.php?cat=49026

In the document: The Security Council cancels the sanctions imposed on an Iraqi government bank 17 years ago

1,559 Sweeteners 12/31/2020 15:52

Baghdad Today – Baghdad

The Committee for Freezing Terrorist Funds of the Central Bank of Iraq announced the issuance of a Security Council / International Sanctions Committee decision to remove its sanctions against Rafidain Bank, which were issued during the era of the previous regime in 2003.

Full details in the document shown inside the news.

https://baghdadtoday.news/ar/news/141470/%D8%A8%D8%A7%D9%84%D9%88%D8%AB%D9%8A%D9%82%D8%A9-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D8%A3%D9%85%D9%86-%D9%8A%D9%84%D8%BA%D9%8A

Iraq Stock Exchange suspended its activities for one day

Economy

General Secretariat for the Council of Ministers

Iraq Stock Exchange

2020-12-31 06:55

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Shafaq News / The Iraq Stock Exchange announced, on Thursday, that its activities will stop for one day on the occasion of New Year’s Day.

The market said in a statement received by Shafaq News, that “based on the decision of the General Secretariat of the Council of Ministers considering Sunday as an official holiday on the occasion of the New Year, it was decided not to organize the trading session for that day.”

The statement added, “The sessions will be organized as of Monday, the fourth of January, according to their official timing.”

It is noteworthy that the Iraq Stock Exchange has used electronic trading and central depository systems since 2009 and seeks to launch the Internet trading system for investors, and organizes five trading sessions per week from Sunday to Thursday, and 105 Iraqi joint stock companies are included in it representing the sectors of banking, communications, industry, agriculture, insurance, financial investment and tourism And hotels.

https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%A8%D9%88%D8%B1%D8%B5%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%AA%D9%88%D9%82%D9%81-%D9%86%D8%B4%D8%A7%D8%B7%D9%87%D8%A7-%D9%84%D9%8A%D9%88%D9%85-%D9%88%D8%A7%D8%AD%D8%AF

Kurdistan government calls for the implementation of the financial agreement between Baghdad and Erbil

Masrour Barzani

money and business

Economy News – Baghdad

On Thursday, the President of the Iraqi Kurdistan Regional Government, Masrour Barzani, expressed his hope for the implementation of the recent agreement between Erbil and Baghdad regarding the 2021 budget .

Barzani said in a press statement, that the Kurdistan Region and the whole world have faced a difficult year in light of the outbreak of the Corona epidemic and its difficult economic consequences, and the federal government’s refusal to send financial dues to the Kurdistan Region, which created a financial crisis and a difficult situation that, in turn, formed a heavy financial burden on our dear citizens in the Kurdistan Region. .

He added, “We have reached an agreement with the federal government regarding the draft federal budget for the year 2021, we hope that the agreement will be implemented in full, and we ask the political parties in Iraq, and from now on, not to accept the use of Kurdistan Region’s dues and rights as a political pressure card against the people of Kurdistan who do not.” His rights are still being denied, affirming at the same time that we will never compromise our constitutional rights . ”

 https://economy-news.net/content.php?id=23406

Parliamentary Finance talks about attempts to withdraw the Iraqi dinar from the local markets

2020/12/31

 

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Baghdad / Al-Mawred News

The Parliamentary Finance Committee confirmed today, Thursday, that the new budget is the largest in the Arab world after Saudi Arabia, while the currency selling window was accused of “currency smuggling” according to a systematic work .  

A member of the committee, MP Muhammad Al-Darraji, said in a press statement, “The 2021 budget amounts to 164 trillion dinars, in which oil is set at $ 42 a barrel,” indicating that “salaries expenditures in the budget amount to 53.8 trillion dinars .  

He added, “The debts payable in the budget are estimated at more than 16 trillion dinars, pointing out that operating expenses amount to about 50 trillion dinars .”  

He pointed out that “the budget deficit amounts to 71 trillion dinars,” stressing that “the ration card allocations in the budget amount to 4 trillion dinars .”  

He explained, “The budget is devoid of job grades,” noting that “the 2021 budget does not differ from its predecessors except in numbers, as it is the second largest budget in the Arab world after Saudi Arabia .”  

On raising the dollar exchange rate, Al-Darraji said, “Parliament is not responsible for raising the exchange rate of the dollar against the dinar,” noting that “the window for selling the currency was a systematic process of currency smuggling .”  

He revealed “there are attempts to withdraw the Iraqi dinar from the local markets and put large quantities of the (green) dollar into the market,” noting that “these quantities come from the Kurdistan region .”  

He called on the government and security agencies to scrutinize the sale of hard currency and find out where the source of this dollar comes from, stressing that “the sums of sale of the region’s oil enter Baghdad illegally to take advantage of the currency difference .”  

https://almawrid.news/contents/view/details?id=24224

Dollar exchange rates are rising again … 145 thousand dinars per 100 dollars

12/31/2020 09:03

The number of readings 84

Section : Iraq

Baghdad / Obelisk: On Thursday, December 31, 2020, the exchange rate of the US dollar recorded a new high against the Iraqi dinar in the Iraqi markets and local banking offices.

The sale price of the hundred dollar category came at 145,500 dinars, while the purchase price of the hundred dollar category would be at the price of 143,500 dinars, roughly in the Iraqi market.

As for the price of the dollar in the international markets, every $ 100 equals approximately 2580 tomans in the Iranian market, and every 100 euros corresponds to 122.90 dollars in the European markets, and every 100 pounds equals 136.30 dollars, while in the Turkish markets, every 100 dollars equals 737 50 Turkish Liras.

The global price of an ounce of gold came at $ 1891.28, while the price of a barrel of Brent crude oil was $ 51.60, while the price of a barrel of US crude oil was $ 48.35.

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