Baghdad / Obelisk: The United States of America made it clear, on Sunday, June 13, 2021, that it will continue to stand by the allies in the NATO mission in Iraq.
The White House said, according to Arab media, that “Washington will continue to stand by allies and partners in a non-combat mission of NATO in Iraq.”
And the Secretary-General of NATO, Jens Stoltenberg, announced last February that NATO decided to expand its missions in Iraq by increasing the number of personnel by eight times, from 500 to four thousand people.
{Economic: Al-Furat News} The Central Bank of Iraq issued, on Sunday, a statement regarding “The Faithful Al-Hafiz”.
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In a statement, {Al-Furat News} received a copy of it, “The Governor of the Bank, Mustafa Ghaleb, met with the Chairman of the Securities Commission and the Chairman of the Board of Governors of the Iraq Stock Exchange, as well as the Executive Director of the Iraq Stock Exchange and a number of financial and economic figures.” He added that “the meeting dealt with the issue of establishing {Al-Hafiz Al-Amin Bank}, as this bank expressed its willingness to proceed with its establishment because of its positive financial and economic effects that would enhance the work of the stock market operating in Iraq, in addition to providing safety for investors, especially foreign ones, as well as increasing portfolios. investment”. He pointed out that “the attendees stressed the importance of the role played by the Central Bank in strengthening cooperation with financial institutions and the need for this to continue to serve the future of the Iraqi economy.”
Today, Sunday, the Parliamentary Finance Committee recommended imposing supervisory measures to control the price of the dollar in the market, while suggesting that the current financial policy be reconsidered. The Rapporteur of the Parliamentary Finance Committee, Ahmed Al-Saffar, said, “The government resorted to changing the dollar exchange rate as a result of the financial crisis in paying the salaries of employees and the lack of sufficient funds to cover the necessary needs, as well as the drop in oil prices at the time,” noting that “the financial situation changed after the rise in oil prices that It reached $73 a barrel, and the justifications that existed for changing the exchange rate no longer exist.” He added: “We must take control measures to control the exchange rate of the dollar, and prevent manipulation by banks and exchange offices, especially since the Iraqi economy depends heavily on the dollar and controls the level of prices in the market.” He explained that “oversight by the legislative authority is carried out through hosting or interrogation, as well as by requesting special reports for exchange operations, and the most important reports are the final accounts,” noting that “the final accounts do not exist from 2014 until now, and the hostings and interrogations are not achieved.” End 29 / A87
Today, Sunday, Prime Minister Mustafa Al-Kazemi received the CEO of Siemens Energy, Christian Bruck, and the company’s accompanying delegation, in the presence of the German Chargé d’Affairs in Iraq. During the meeting, they discussed the implementation of the cooperation roadmap signed between Iraq and the company, and ways to overcome the obstacles it faces in implementation. The Prime Minister urged the company to overcome the delays facing the completion of the first phase of the agreement, and also directed the Ministry of Electricity to expedite work procedures with the company to secure the supply of electric power to the citizen in the short and medium term. The meeting witnessed a discussion of ways to expand the work to include solar energy and other types of renewable energies, and the company promised to submit practical proposals in this regard. Brooke, in turn, stressed that Siemens is proud of the depth of its development partnership with Iraq, and his confidence that the various stages of implementation will witness an acceleration in completion, especially since the first stage is nearing completion.
Baghdad – Mawazine News The Central Bank of Iraq announced, on Sunday, its readiness to establish the “Al-Hafiz Al-Amin Bank”. A statement by the bank, which “Mawazine News” received a copy of, stated that “the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, met with the Chairman of the Securities Commission and Chairman of the Board of Governors of the Iraq Stock Exchange, as well as the Executive Director of the Iraq Stock Exchange and a number of financial and economic figures.” . The statement added, “The meeting dealt with the issue of establishing the “Al-Hafiz Al-Amin Bank”, as this bank expressed its willingness to proceed with its establishment because of its positive financial and economic effects that would enhance the work of the stock market operating in Iraq, in addition to providing safety for investors, especially foreign ones, as well as increasing investment portfolios. According to the statement, the attendees stressed, “the importance of the role played by the Central Bank in strengthening cooperation with financial institutions and the need for this to continue to serve the future of the Iraqi economy.”
Baghdad – Mawazine News The opinion committee in the Ministry of Finance held, on Sunday, a meeting headed by its Minister, Ali Allawi, to discuss the implementation of the white paper projects. The ministry stated in a statement that Mawazine News received a copy of it, that “the meeting discussed a number of paragraphs, foremost of which was discussing the implementation of the items of the projects that came in the financial and economic reform plan (the white paper) and following up on the extent of the commitment of the implementing agencies to the projects listed within the framework of the executive plan of the paper.” . Allawi stressed, “the necessity of proceeding according to the prescribed path and within the specific timings and schedules approved by the reform paper, and the concerted efforts of the ministries along with the private sector and coordination with all supporting parties and parties to ensure the full achievement of the goals and projects.” Allawi stressed finding appropriate solutions towards overcoming all difficulties that impede the implementation of plans and projects with the aim of accelerating the achievement of the goals of the White Paper aimed at correcting the national economic path and achieving sustainable and comprehensive economic development. The meeting dealt with discussing a number of issues and procedures related to the work of the ministry’s departments and bodies and taking appropriate decisions in their regard.
Shafaq News/ The Parliamentary Finance Committee revealed, on Sunday, the allocation of three billion dollars to control the market and control the rise in exchange rates.
Committee member Jamal Kougar told Shafaq News Agency, “The Central Bank has allocated three billion dollars of financial liquidity as a result of the rise in oil prices for the purpose of controlling the market and controlling foodstuffs and the high exchange rate of the dollar against the Iraqi dinar.”
He added that “the central bank sells daily more than 200 million dollars in the currency auction for the purpose of controlling the market, but the recent rise in the dollar exchange rate came as a result of supply and demand for foreign currency.”
On (March 31, 2021), the Iraqi parliament voted on the first article of the budget law, which included the adoption of the dollar exchange rate of 1450 dinars per dollar.
The proposal of the first article stipulated calculating the price of a barrel of oil at 65 thousand dinars without mentioning the exchange rate, which leads to fixing the dollar exchange rate as proposed at 1450 dinars per dollar.
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