Saturday, July 2, 2022

WOTS THU JUN 30 The Central Bank of Iraq begins a package of measures to save the economy

WOTS THU JUN 30 The Central Bank of Iraq begins a package of measures to save the economy


Disclosure of the date for announcing the name of the Prime Minister and his cabinet - urgent

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The leader in the coordination framework, Faleh Al-Fayyad, revealed, on Wednesday, the date of .naming the next prime minister and ministers

Al-Fayyad said in a televised interview, which was followed by (Baghdad Today), that "the next prime minister will be presented within a month with the names of the ministers and the first ".deputy speaker of parliament

He added that "the framework hawks will not form the government, but its president will be partisan," stressing that "the scenario of storming the Green Zone by armed means is not on the ".table and possible

He pointed out that "the Kurdish option in ending the crisis of the presidency would be better ".than going to Parliament and deciding his candidacy by the representatives

 


Al-Fateh: The Countdown To Forming A Government Begins After Eid

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A member of the Al-Fateh Alliance, Ghazanfar al-Batekh, confirmed, on Thursday, that the coordination framework negotiations with the rest of the political blocs are continuing, and the formation of the government will take place after the blessed Eid al-Adha.

In a statement to Al-Maalouma, Al-Bateekh said, “The atmosphere is positive and there are no differences for the coordination framework with the rest of the political blocs,” noting that “the initial agreement emphasizes accelerating the formation of the government and it will be in one basket represented by the President of the Republic, the Prime Minister, the ministerial cabinet, and then the curriculum.” government.”

He added, "Resolving the position of the president of the republic among the Kurdish parties is the key to the next government, which needs a quorum of 220 deputies to pass the candidate," stressing that "the next government will be a government of services in all respects, especially the economic one."

The coordinating framework forces became the most numerous parliamentary bloc in the House of Representatives, after obtaining about 40 new seats, taking advantage of the resignation of members of the Sadrist bloc, which gives it the upper hand in the file of government formation and the distribution of positions.


they ran this again 

The Central Bank of Iraq begins a package of measures to save the economy

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The Governor of the Central Bank, Mostafa Ghaleb Mekhif, announced that the bank had initiated a package of measures to save the economy from a certain abyss.

Makheif said during the “Access to Finance” conference that one of the bank’s priorities is to enhance financial inclusion and secure access to financial and banking services for the community. He added, that the Central Bank made access to financing possible when it launched a number of qualitative and important initiatives that covered different and important sectors.

 

Al-Kazemi: We have to overcome difficulties in order to cross this sensitive stage

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The most important statement of the Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, during his attendance at a ceremony for the qualification and flight of (T-50 IQ) aircraft at the Martyr Muhammad Alaa Air Base

 

🔵 I welcome you all, and express my pleasure and pride to be with the Air Falcons today, the heroes of our Air Force, including brave officers and soldiers.

 

🔵 We cannot tell the stories of victory over ISIS gangs without stopping at the championships of the Air Hawks, our heroes in our air forces, and therefore we must remember and write down this experience, writing it down in order to build on it a lot.

 

 🔵 The importance of blogging lies in standing at the bright points and moments in this experience, as well as in diagnosing the faults so that we can build on them and not repeat them.

 

🔵 Today, our heroic air forces are witnessing a tremendous development in their capabilities, and today they are able to protect our cities and villages, and work daily to break the burrows of terrorist gangs in all regions of Iraq.

 

🔵 The advantage of this force is that it is not only a military force, but rather a force that carries a humanitarian and patriotic message with an Iraqi national affiliation, and reflects the identity of Iraqis who love peace, goodness, giving and sacrifice.

 

🔵 This government, despite all the difficult and exceptional circumstances, one of its priorities was the issue of supporting our forces on the basis of loyalty to the great Iraq and the institution, and loyalty to serve the citizens.

 

🔵 I say frankly: The security scene is not subject to division or delay in providing support to this military institution, as well as support for all our military and security institutions throughout Iraq and in all their forms.

 

🔵 The country cannot be stable in security without providing support to this force and to this military institution in all its forms: the heroic Iraqi army, the Counter-Terrorism Service, the Popular Mobilization Forces, the Peshmerga, and all the security services.. We need to provide them with support; To perform its duties in protecting the Iraqis.

 

🔵 We must work with full force, and overcome difficulties in order to cross this sensitive stage, and this was the approach and philosophy of this government, and this is our belief in work and loyalty to Iraq, the homeland and the military institution.

 

🔵 With God’s blessing, today you are forming the first squadron of (T-50 IQ) planes. Trust in God and on the strong determination of the Iraqis, and we are all hopeful for the hawks of the air.

Media Office of the Prime Minister


The Ministry of Finance announces the launch of the technical support project for the Financial and Accounting Training Center

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Today, Thursday, the Ministry of Finance announced the launch of the technical support project for the Financial and Accounting Training Center.

The ministry stated in a statement, received by the Iraqi News Agency (INA), that "today, the technical support project for the Financial and Accounting Training Center was launched, in the presence of the French Ambassador in Baghdad Eric Chevalier and the Director General of the Financial Training Center Ahmed Al-Dahlaki, with the participation of Ghassan Al-Zoghbi and the expert Jean Deeb Al-Haj." From the Basil Fleihan Economic Institute at the Lebanese Ministry of Finance,” noting that “the project was launched in cooperation with the French Development Agency.”

She added that "this comes within the framework of the close bilateral cooperation between the Republic of Iraq and France, and the economic relations between the two countries, and in implementation of the directives of Finance Minister Ali Allawi to achieve the maximum benefit from various international partnerships," noting that "the technical support project includes three basic stages related to the development of a work methodology." The center, improving training plans and enhancing the capabilities of actors in financial management, in addition to the preliminary stages related to evaluating the training needs of the Ministry of Finance and the response capabilities of the Financial and Accounting Training Center.

Allawi said during his speech on the occasion, according to the statement, that "the program that contributed to the launch of this project is the culmination of a prosperous phase of partnership and confirms the quality and intensity of cooperation relations between the Ministry of Finance and the French Development Agency," stressing that "one of the most important pillars of the renaissance of nations depends mainly on defining plans The strategy provides the will to invest human energies and build experiences and skills for the functional cadres.

The Minister expressed his "delightful pleasure in launching the project, as it is concerned with a vital area, which is training and development, which is a center of great interest," explaining that "the project supports the implementation of the Iraqi government's reform policy, which aims to improve the capacity and efficiency of working cadres, enhance the quality of training services in the financial and accounting fields, and increase their operational capability. 

For his part, Ambassador Eric Chevalier stressed, during his speech, "the importance of the strategy of the French Development Agency and its effective role in developing bilateral relations between Iraq and France," stressing "the support of his country's government to open broader horizons for cooperation and partnership with Iraq to include various fields and aspects." 

For his part, expert Jean Deeb El-Hajj reiterated the Agency’s commitment to sustainable development and development in Iraq, noting that “the launch of the technical support project for the Center is the result of continuous coordination with the Ministry of Finance to identify priorities and main axes to reach the goal of joint prosperity, and to support the Center with training programs and development Specialized work mechanisms, facing governance challenges and building human capital.

He added, "The French Development Agency will provide all its efforts through its technical and financial solutions to reach the training and development goals in Iraq."

The Director General of the Training Center, Ahmed Al-Dahlaki, explained that "the launch of the project will enhance the capabilities of the Financial and Accounting Training Center to be a reference institution in training for employees of the Ministry of Finance, ministries and agencies not associated with a ministry, as well as other entities participating in the public financial management in Iraq."


Iraq and Iran discuss bilateral relations in four areas

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Deputy Speaker of Parliament, head of the Iraqi delegation to Azerbaijan, Shakhwan Abdullah, discussed with the Iranian delegation, today, Thursday, bilateral relations between the two countries in four areas.

And the media office said in a statement received by the Iraqi News Agency (INA), that "the Iraqi delegation headed by Shakhwan Abdullah and in the presence of the members of the delegation held an expanded meeting with the Iranian delegation, which included the Vice-President of the Iranian Shura Council, Abd al-Ridha al-Masri and a number of Iranian deputies in Azerbaijan."


He added, "The two parties discussed during the meeting a number of files and issues related to the level of bilateral relations between the two neighboring countries and ways to strengthen them in the economic, commercial, security and cultural fields, as well as discussing the texts of the articles of the internal system of the International Non-Aligned Movement and agreeing on principles, common goals and constants since the founding of the movement." 


The Minister of Foreign Affairs receives the American ambassador to discuss the issue of forming the next government

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Foreign Minister Fouad Hussein and US Ambassador to Iraq Alina Romanowski discussed, on Thursday, the issue of forming the new Iraqi government and the "obstacles" it faces.

In a statement received by Mawazine News, the ministry said, "Foreign Minister Fouad Hussein received the US ambassador to Iraq, Alina Romanowski."

He added, "During the meeting, they discussed bilateral relations between the two countries, and ways to develop joint cooperation between Baghdad and Washington, and the two sides discussed the Iraqi situation and the issue of forming the new Iraqi government and the obstacles it faces."

The two sides reviewed, according to the statement, "a number of international and regional issues and files of common interest, foremost of which is the security and military developments in Ukraine and how this conflict affects the security situation in the region in general and the economic situation in particular."

Reference was also made to "the talks in Vienna between the Islamic Republic of Iran and the United States of America and other concerned countries."

For her part, the US ambassador confirmed, "The United States supports Iraq in various fields, and it will continue to do so."


A meeting of independent representatives determines their position on the political movement

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Independent MPs will hold a meeting this Thursday evening to determine their position on the political movement and the political process.

Independent MP Yasser Watwit told Mawazine News that the independent representatives will hold an expanded meeting this evening to discuss the latest developments and the final position on the political process.

He added, "The information received by us confirmed the continuation of the coordination framework with talks to form the government and choose the prime minister.

" That “all the current hadith is nothing but a political opinion and discussions, and there is no final decision on this matter or a definitive result.” 


Suggestions for deciding the position of the President of the

Republic in Parliament

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While the picture has become clearer in the Shiite and Sunni houses about the progress of the constitutional and electoral benefits, it seems that the ball of difference and variance has returned to the Kurdish political house, despite the reassuring statements in the past period, but the language of difference and insistence on positions appeared again in the statements of the two Kurdish parties, "Al-Yakti." The National Union and the Democratic Party, so it is likely that Baghdad and the vote under the parliament’s dome will decide the victory of the most likely candidate for the position.

The political analyst, Mahmoud al-Hashemi, said in an interview with "Al-Sabah": "The understandings between the coordination framework and its allies reached two main points; And that the Shiites have to reach an understanding among themselves over a prime minister, while this is contrary to the logic of the constitution and the course of entitlements, as the position of the President of the Republic must be passed first and then invites the President of the Republic to a session of the House of Representatives and assigns (the largest bloc) to nominate the prime minister and then the cabinet and approve it. . 
He added, "The Kurds have not reached a conclusion regarding the position of the President of the Republic, and perhaps there is an opinion that was put forward by the framework, which is that the candidate of the National Union, Barham Salih, and the Democratic candidate, Reber Ahmed, remain, and they are voted on in the House of Representatives, and whoever gets the highest votes wins the presidency." 

For his part, a member of the Kurdistan Democratic Party, Mahdi Abdul Karim said: “The two parties, the Union and the Democratic Party, and in the event that they do not agree on a specific candidate to present to Parliament to vote on him for the position of President of the Republic, they will go to Baghdad alone with their candidates, where the House of Representatives will be the facilitator to pass one of the candidates ".

A member of the Al-Fateh Alliance, Ali Hussein, also explained that "Baghdad will decide the matter of choosing the next president of the republic, in the event that the National Union and the Democratic Party are unable to agree on a specific figure and present it to the House of Representatives for a vote in the coming days."

The deputy for the coordination framework, Intisar al-Moussawi, said: "Everyone is waiting for the Kurds to present their candidate for the presidency within less than 20 days in order to vote on it, as the Council will work to select one of the candidates in the event that the two parties do not agree on a specific candidate for this position."

As for the political analyst, Muhammad Zangana, he pointed out that the Kurdistan Democratic Party informed the Patriotic Union of Kurdistan that it would not accept a compromise candidate for the post of President of the Republic, and said: "Negotiations are still ongoing between the two parties, but the Democrat is sticking to his candidate, Riber Ahmed, and not accepting a compromise candidate until now."

He added that "the Democratic Party seeks to go to the House of Representatives with a single candidate when the sessions return to reconvening," stressing that "the scene of 2018 could be repeated if the two parties did not reach an agreement on one candidate for the post of President of the Republic."
On the other hand, and in a matter related to the political stances regarding the formation of the expected government, the representative of the independent bloc, Adnan Al-Jabri, said in an interview with “Al-Sabah”: “All options are presented to the independents, and there are a number of them that are studied in their corridors and during their meetings and dialogues,” noting that "The nature of the birth of the independent bloc of the public discontented with the overall political situation in the country since 2003 until now has made their visions completely different from the visions of the traditional political blocs present on the Iraqi arena."

He explained that "the independents believe that an independent technocratic government must be formed, far from quotas and far from the foundations and rules on which the political process was built, which contains many errors and must be corrected." 
 
Editing: Muhammad Al-Ansari


Kuwait..a new alliance aims to establish a digital bank

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Kuwait's Boubyan Bank and Kuwait's Zain Mobile Communications Group announced today, Thursday, in two separate statements to the stock exchange, that they have formed an alliance with other investors to establish a digital bank under the umbrella of the Central Bank of Kuwait.

Today, Thursday, is the last date for submitting applications for obtaining a license from the Central Bank of Kuwait to establish digital banks, which announced last January that the door was open for banks and companies to apply for them.

 


Several companies have applied for these licenses, including the Kuwaiti "Ooredoo", the Al-Manal Finance and Leasing Company, and the Kuwait Investment Company. The Central Bank of Kuwait aims to expand digital banking services and electronic payment systems.

Kuwaiti Boubyan Bank was established in 2004 as a financing institution operating in accordance with the provisions of Islamic Sharia and was listed on the Kuwaiti Stock Exchange two years later, according to the bank's website.

As for the Kuwaiti Zain Group, it was established in 1983, and it was listed on the Kuwaiti Stock Exchange in 1985. It is 24.22 percent owned by the Kuwait Investment Authority, and it operates in 8 countries: Kuwait, Saudi Arabia, Bahrain, Iraq, Jordan, Morocco, Lebanon and Sudan, according to its website.


He warned of upcoming crises..A candidate for the presidency launches a program for the political situation that includes activating the "role" of the president

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Today, Thursday, a candidate for the presidency of the Iraqi Republic considered that Iraq has an opportunity to get out of its political crisis, while he launched a "program" for the Iraqi political situation that includes several points, most notably activating the institution of the Presidency of the Republic and making it "support" for the prime minister instead of its current "disruption". He confirmed his participation with a specialized scientific team to prevent Iraq from crises that will strike the region and the world.

 

Khaled Sheikh Siddiq, a candidate for the presidency of the Republic of Iraq, said in a statement received by Shafaq News Agency; "Iraq is in front of an opportunity to get out of its political crisis, and it has taken us a long time to stand on the norms between fear of fire and hope for light for the future of our ancient homeland."

 

Siddiq added that "in order to reach the door of stability, our country's leaders need not only intelligence, but also wisdom and insight to manage the march in this sensitive period, in order to move safely and reassured from the pain of political blockage to the hope of support for interests, not to political inflammation."

 

And the candidate for the post of president stated, "We all hope that a breakthrough will be soon, and therefore we have to be careful and avoid mistakes, and to increase the mighty efforts to win hearts and ensure understanding and not to separate or neglect the parties that would make a pivotal contribution to building stability in the coming period, and this lies in giving priority to the interest of Everyone is above our own interests."

 

Siddiq continued; We have before us a historical opportunity and responsibility to present an encouraging example to others in a crisis in which the world suffers from a decline in ethics in politics and international relations, in which the ally turns against his ally, stands with his enemy, and leaves his friend anxious while marginalizing and neglecting values and sanctities. In our political scene, it is of great value."

 

The candidate for the presidency called for this purpose to "unify the Shiite political house, because it guarantees the stability of the country, protects and strengthens Iraq's Sunnis, and restores harmony and homogeneity within the Kurdish house," noting that "there is no room for establishing Iraq as a solid structure that is not shaken by the winds of crises without adopting a culture of solidarity." coexistence and mutual support among the members of his household.

Siddiq expressed his hope that "the coming period will be the stage of creating a new Iraq," according to the presidential candidate, which requires "a constructive program to restart the state of Iraq on innovative and non-stereotypical foundations."

The presidential candidate raised points to achieve this goal, which are “activating the role of the presidency and transforming it from a dysfunctional position or inactive spectator to a position with a supportive role and partner for the Council of Ministers, and a faithful advisor to him, and who enlightened his way by providing him with qualitative scientific support. Achieving such a goal recommends focusing The presidency is based on strategic foresight, building balanced international relations, and effective defense of the country’s interest in international circles.

According to the presidential candidate’s program, it also requires “strengthening the parliament’s role and adopting ideal practices and modern ideas to improve its performance, and make it the site of the national dialogue, and the forum for Iraq’s races, to be an inspiring and shining model across borders, as well as interest in rebuilding ethics at work and making the pillars of the state leading institutions, which is a goal A noble and honorable responsibility rests on the shoulders of everyone, especially the distinguished political leaders and representatives."

The presidential candidate warned, "Through our follow-up to events in light of the scientific method for future foresight, we see that the world and the region are on the verge of new crises, conflicts and wars, which requires proactive action based on wisdom and insight."

Friend explained; "With a sense of responsibility and love for our common homeland, we strive with a scientific team to lay the foundations and features of a comprehensive and distinguished program to prevent potential crises and enable the country's prosperity, and we will participate in it the pillars of the State of Iraq at the appropriate time to contribute to making our country safe and peaceful."


Parliament rapporteur announces the start date of the new legislative term

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The Rapporteur of the Parliament, Gharib Askar, announced today, Thursday, the date of the start of the new legislative term of the Iraqi .Parliament and the resumption of the Council's sessions

Askar said, in an interview with (Baghdad Today), that "the new legislative term of the Iraqi parliament and the resumption of holding parliament sessions will be after ".the end of the Eid al-Adha holiday and determined by the presidency


And he indicated that "the Iraqi parliament has many important files in its new legislative chapter, including resolving the presidential file, voting on the new Iraqi government, and passing important laws that have been suspended since previous ".parliamentary sessions


THE MINISTER OF AL-SADR EXPLAINS IN POINTS THE REASONS FOR THE WITHDRAWAL OF THE SADRIST BLOC FROM THE POLITICAL PROCESs

National News Center/ Baghdad

Today, Thursday, the Minister of Sadr, Saleh Muhammad al-Iraqi, explained the main reasons for the withdrawal of the Sadrist bloc from the political process.

Al-Iraqi said, in a statement received by the National News Center, that "the most prominent reasons for al-Sadr's withdrawal from the political process are summarized as follows:

First: The government is not complete except with the involvement of the corrupt, vassals and sectarians.
Second: Independents stand by the project of the national majority government for reasons of encouragement, intimidation, or lack of confidence.
Third: The political blocs, and even some countries, insisted on consensus.. This, in his view, is forbidden and unjust to the people and the country.
Fourth: The conscious classes, such as media professionals, analysts, technocrats, and others, do not support the project of the national majority. Rather, some of them stand in opposition, especially with the hostile media war.
Fifth: The lack of popular support for this, despite the fact that the majority sympathize with the majority project.
Sixth: the domination of the beneficiaries, dissidents and the worldly people from the current in the event of the success of the formation of the national majority government, and this puts the last national Shiite card at risk.
Seventh: The occurrence of a Shiite conflict over the sharing of government spoils before their formation, so what if they were formed?!
Eighth: Issuance of a law criminalizing normalization led to a rallying around abroad against the owner of the reform project and the majority project.
Ninth: The formation of the majority government will clash with the rampant corruption in all parts of the state, including the politicization of the judiciary and other state institutions.
Tenth: The naive believe that the majority government is a weakening of the sect.. and this is a very sad matter.. the sect is not superior to corruption, but rather through reform and the rejection of sectarianism.
And he concluded: “Enough with this much.”


Al-Kazemi’s advisor: The Central Bank manages the project work account mechanism with China under the supervision of an international company

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Adviser to the Prime Minister, Mazhar Muhammad Salih, explained, Thursday, June 30, 2022, the working mechanism of the Iraqi-Chinese agreement projects account, noting that the Central Bank manages the account under the supervision of an international auditing company.

Saleh said in a statement followed by the obelisk that the important financial resources were accumulated after they were deposited in the account of the Chinese agreement projects, which was established under the annex to the cooperation agreement between Iraq and China, in which the revenues of exports of 100,000 barrels per day of Iraqi crude oil exported to China are deposited, indicating that these funds are allocated to projects Chinese agreement.

He added that money deposits and withdrawals are continuing from the account for the benefit of the projects concluded within the agreement, noting that a few billion dollars have been deposited in the account since its establishment, where withdrawals and payments are made constantly for projects committed with China, which are electricity projects, schools, Nasiriyah International Airport and others.

Saleh stated that the account is very carefully managed by the Central Bank of Iraq, and the financial operations are audited by major international financial auditing companies.


Union Bank discusses with the Italian mission the banking facilitation for the entry of Italian companies into Iraq

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The Chairman of the Board of Directors of the Union Bank of Iraq, Ali Muften, discussed with the Deputy Head of the Italian Mission in Iraq in Baghdad, Alessandro Menini, the strengthening of banking cooperation between the bank and the mission.

And the bank's media said in a statement that "the Chairman of the Board of Directors of the Union Bank of Iraq, Ali Muften, received in his office the head of the Italian mission in Iraq in Baghdad, Alessandro Menini."

The meeting discussed "in the presence of the Commissioner-General Nabil Al-Abadi, the joint cooperation between the bank and the embassy in various fields, in addition to the process of opening bank accounts and statements of accounts for expatriates to Italy in accordance with the fundamental and legal controls and contexts, as well as opening horizons for cooperation with Italian companies and the possibility of their entry into the Iraqi market."

The Chairman of the Board of Directors presented the bank's shield to the head of the Consular Department in appreciation of his visit to the Union Bank of Iraq.





Below here is the WOTS for the day "Word on the Street" report:

A list of the Iraqi dinar exchange rate against the dollar on the Iraqi Stock Exchange for today, Thursday (June 30, 2022), according to specialists.  

 

Baghdad - Stock Exchange of struggle   

148,050  

—-  

The price is in most Baghdad exchanges   

147,500  

148,500  

——————  

Basra - Bursa  

148,150  

———————  

Erbil - Bursa  

148,250  

———————  

Mosul - Bursa  

148,250  

———————  

Sulaymaniyah - Bursa   

148,275  

———————  

Kirkuk - Bursa   

148,225  


The Markets:
The Asian markets closed mixed NIK down by 1.54% HSI down by .62% SHANG up by 1.10%
The UK markets are currently trading in the red  from 1.72% to 2.63% 
Our futures are currently trading down  DOW at 30675 by 1.05% SNP at 3770.75  by 1.32% NDX at 11500  by 1.64%

Precious Metals:
Gold is red at 1812 Silver is red at 20.56 Copper is red at 32 Platinum is red at 896 

Brent 116 WTI  109   Bitcoin: 19,058  10 yr yield: 3.06

Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1441.7000  1499.2000 1456.6000 1456.6000 1456.6000  -1.1000 06:05
 USD/VND  23255.0000  23275.0000 23273.7800 23270.3600 23270.3600  23.6600 04:31
 USD/CNY  6.6933  6.6953 6.7005 6.6902 6.6997  -0.0063 05:15
 USD/KWD  0.3065  0.3075 0.3064 0.3063 0.3063  0.0000 05:12
 GBP/USD  1.2127  1.2128 1.2165 1.2107 1.2117  0.0010 05:16
 USD/IRR  42100.0000  42600.0000 42378.5000 42358.6000 42378.5000  29.3000 11:44
 USD/IDR  14921.0000  14934.0000 14925.0000 14844.0000 14869.0000  52.0000 05:15
Things in the News:

Iraqi Articles:

Al-Fateh: The Countdown To Forming A Government Begins After Eid

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A member of the Al-Fateh Alliance, Ghazanfar al-Batekh, confirmed, on Thursday, that the coordination framework negotiations with the rest of the political blocs are continuing, and the formation of the government will take place after the blessed Eid al-Adha.

In a statement to Al-Maalouma, Al-Bateekh said, “The atmosphere is positive and there are no differences for the coordination framework with the rest of the political blocs,” noting that “the initial agreement emphasizes accelerating the formation of the government and it will be in one basket represented by the President of the Republic, the Prime Minister, the ministerial cabinet, and then the curriculum.” government.”

He added, "Resolving the position of the president of the republic among the Kurdish parties is the key to the next government, which needs a quorum of 220 deputies to pass the candidate," stressing that "the next government will be a government of services in all respects, especially the economic one."

The coordinating framework forces became the most numerous parliamentary bloc in the House of Representatives, after obtaining about 40 new seats, taking advantage of the resignation of members of the Sadrist bloc, which gives it the upper hand in the file of government formation and the distribution of positions.


The Central Bank of Iraq begins a package of measures to save the economy

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The Governor of the Central Bank, Mostafa Ghaleb Mekhif, announced that the bank had initiated a package of measures to save the economy from a certain abyss.

Makheif said during the “Access to Finance” conference that one of the bank’s priorities is to enhance financial inclusion and secure access to financial and banking services for the community. He added, that the Central Bank made access to financing possible when it launched a number of qualitative and important initiatives that covered different and important sectors.

 

Iraq: “The Framework” gives the Kurds a deadline before the Eid holiday to choose the President of the Republic

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 Al-Quds Al-Arabi: The Shiite "coordinating framework" revealed that the two main Kurdish parties had been given an opportunity to decide the candidate for the position of President of the Republic, before the Eid al-Adha holiday, noting that in the event of the "failure of negotiations" between them, he would resort to passing the candidate after the holiday. Eid, while speaking of his adherence to his alliance with the Patriotic Union of Kurdistan, expressed his support for dialogue with the Democratic Party.

The head of the Sanad bloc, which is affiliated with the "Frame", Ahmed Al-Asadi, said in a televised interview that "the coordination framework supports any rapprochement between the Kurdish forces, especially the Patriotic Union of Kurdistan and the Kurdistan Democratic Party, to end the crisis of the presidency."

He added: "In the event of failure of the negotiations between the two parties, the framework, in all seriousness, will resolve the situation, and pass the President of the Republic immediately after the Eid holiday and without any delay."

He pointed out that «the alliance with the Union is strong and continuous, and we will open the doors of dialogue with the Kurdistan Democratic Party and the Alliance of Sovereignty and Independents to end the crisis and proceed with the formation of the government».

The recent "tweet" of the leader of the Sadrist movement, Muqtada al-Sadr, put the current President of the Republic, Barham Salih, the candidate of the Patriotic Union of Kurdistan, in a critical angle, which threatens to renew him in the position for a second term.

He expressed his regret at the nomination of Saleh for the post of President of the Republic.
And he stated in his "tweet", that "it is very, very shameful that the so-called President of the Republic of Iraq: (Barham) refuses to sign the law (criminalizing normalization)."

He added, "It would be shameful for the people for their president to be normalizing and unpatriotic, but rather subservient to the West or the East."
He continued, "I am innocent of this crime before God and the Iraqi people... I regret his nomination for the presidency before and after."
In response to Al-Sadr's "blog", the Presidency of the Republic issued a press statement in which it spoke about the circumstances of the law "criminalizing normalization with Israel."
According to the presidential statement, “the Presidency of the Republic has previously received the draft law (criminalizing normalization with the Zionist entity) sent by the House of Representatives, for the purpose of completing the procedures for its issuance and ratification and in accordance with the legal and constitutional mechanisms followed by the Presidency of the Republic for the laws enacted by the House of Representatives. The President of the Republic, Barham Salih, directed to deal with this law in the form sent by the House of Representatives without any notice, and it was published in the Iraqi Gazette on June 20, 2022 to enter into force.

fixed position

He added that Saleh's position, "as is well known, is a firm and supportive position for the Palestinian cause and the attainment of the full legitimate rights of the Palestinian people and the liberation of their homeland from the occupation of the Zionist entity.

Deciding the presidential position is a gateway to determining the largest parliamentary bloc, which the president entrusts with forming the government, and choosing a new prime minister.
With the withdrawal of al-Sadr’s deputies from Parliament, the road has become paved for the “coordinating framework” in forming a “consensual” government, similar to previous experiences, since 2003.
The representative of the “Sadiquon” bloc, which is affiliated with the “framework,” Rafiq al-Salihi, stressed that the vision of “ The coordination framework” revolves around the formation of a consensus government in which all political forces participate, indicating that “the political forces have a great desire to speed up the formation of the government and to stay away from auctions.”

He pointed out, in a statement carried by his bloc's media, that "the political situation is not likely to continue to obstruct the formation of the government," explaining that "the coordination framework, after the withdrawal of the Sadrist bloc, became obligated to form the government as the largest bloc."
He added that «the vision of the coordination framework, the formation of a consensual government in which all political forces participate and does not focus in one direction, but rather puts the interest of Iraq above all considerations», noting that «the political forces have a great desire to speed up the formation of the government and to stay away from bids and proposals from here and there that would complexity of the political situation.

"until the last moment"

On the other hand, Prime Minister Mustafa Al-Kazemi urged the political forces to expedite the formation of the government, stressing at the same time that his government will continue its work until the last minute.
He said, during the meeting of the Federal Council of Ministers, the day before yesterday, that “the government is working at the end of its session, and we are waiting for the political parties to work with full force to form a government that represents the aspirations of the Iraqi people, so that it can present a vision to address these challenges,” noting that “this The government will remain at work until the last minute until its tasks are handed over to the next government, which is why I remind the political elites of the importance of expediting the formation of a government that does its duty, and at the same time we will work for the last minute to follow up on all the details.”

He stated: “We have commitments that we must implement and continue with, and despite the many internal challenges, we have succeeded in the policy of external balance, and this was a major goal from the first moment in working to restore our relations with neighboring countries and friendly countries and with our brothers,” referring to “the situation of Iraq’s interest.” In the first place, and this balance stems from the interest of Iraq, the Iraqi people, and we will continue with this policy, and we will not go to any axis at the expense of another axis.”

He went on to say: «We put an equal distance with everyone in order to bring to Iraq investments and support, in order to compensate for the failures, frustrations and absurd wars that have left their repercussions on the Iraqi people. What is required is to rebuild our relations on the basis of the Iraqi interest and on the basis of good faith with all partners. As for the policy of fear, isolation and mistrust with others, it is not in our policy.”

He continued, "We think well of everyone so that we can reconcile with ourselves and others, and liberate us from the absurd policies that took Iraq in the past to semi-isolationist or escalatory policies with neighboring countries, and this will be part of the past."

He explained that «this government came under exceptional circumstances, and it worked and is still working in exceptional circumstances, and despite all these challenges it has succeeded in overcoming many difficulties. The challenges were not easy, and the government’s slogan from the first day was that it is a government of words and deeds.” He added: “We focused on the practical aspect of citizens’ needs, and we succeeded in some of them, while others need more time to address them.”

He pointed to "campaigns in some media and social media platforms, aimed at breaking the resolve of the government's work, and our response is silence. We do not want to enter into political rivalries for the sake of Iraq and Iraqis, and we focus on work to move towards the future."

He added, "The House of Representatives voted on the law on emergency support for food security, and we must work to implement it with full force in order to serve the people, and I would like to remind that the law is not a budget, but rather came because we are going through an exceptional circumstance, and we, as a caretaker government, have no right to enact laws, so we resorted to The Food Security Law, which requires us to work very hard to implement it for the benefit of the Iraqis.”

cooperation of political parties

He stressed the need for "all political parties to cooperate to implement the Food Security Law, with our need for a supervisory role as well, which must take place within the public interest, and not for pressure or personal purposes, or within agendas to weaken the government."

Regarding his recent visit to Saudi Arabia and Iran, he said, “It was very good, in which we discussed common issues, Saudi investments in Iraq and future prospects, and we talked about the electrical connection and many projects that Iraqis benefit from, and the importance of the region being stable and calm and for Iraq to play its role in humidifying the atmosphere.” For the interest of Iraq and the region. We also talked about global challenges due to the war in Ukraine and its repercussions on food security, and how to cooperate in order to provide the needs of our peoples to provide this security.

Regarding the visit to Iran, he said, "We talked about the same points, and about joint files, as well as working on the issue of energy and water," stressing at the same time that the Iranians expressed their willingness to "send the Minister of Energy to Baghdad to talk about the issue of water and electric energy and solve all problems."

He continued: "We need to work very hard to overcome the challenges that the region is going through, affecting everyone and Iraq in the first place, and in particular the issue of climate changes, and for this I ask the competent ministers to pay attention to this aspect regarding water and climatic changes that affect agriculture and the lives of citizens."



CBI Update:  Just  a note:

They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is 
here.   
Integration applications

link

We confirm our circulars No. (480/5/9) on 12/20/2021, which includes that the last date for receiving merger applications for companies brokering the sale and purchase of foreign currencies under categories (A,B) will be no later than 9/30/2022 according to the requirements mentioned in the regulations governing The work of exchange and mediation companies in the sale and purchase of foreign currencies, amended No. (1) of 2022.

Click on the link above for the latest update.

The CBI for rate is 1460

The currency auction for June 30th, 2022 total sales amount $264,001,561 

including   $20,000,000. CASH 


ISX Update:   

www.isx-iq.net/   

Shares Traded: 
Value Traded: 

closed 


6-30-2022   Intel Guru Bruce   [via WiserNow]  ...the new Iraqi Dinar...the NID – was placed on the banks screens for trading...last Sunday...the Dinar came out at 68 cents ($.68) and by 11 am Monday it had traded up to $5.60 – it should be trading much higher than that now and should be trading on up to numbers  that we had talked about that Dr Shabbibi had talked about...  I am hearing that we should be at that number or greater – ok – so we will see how that goes – it’s certainly on its way now and is being traded as we speak – right now –internationally – globally...it’s being traded on what we would call grey screens or back screens – for the banks...When the time is right it will be placed out on the front screens with the other currencies that we are looking to exchange...

6-29-2022   Newshound Guru Tivon  
 Article: "In a quiet fire" .. a surprising and important statement by the Prime Minister's advisor about changing the dollar exchange"   ...The volatility in the markets is what appears to be the deciding factor as to how long it take to feel comfortable with reinstating the Dinar...But they still allude to going through with it in spite of and will just adjust on the fly as the rate gradually increase from 1:1. So the problem may not necessarily be coming out at equal value but maintaining it.

6-29-2022   Intel Guru MarkZ   [via PDK]  Article From Iraq: “Dollar Exchange rates are declining in Baghdad and the Kurdish region”  Why is this important?  Normally in the local markets they were holding onto US dollars because of the instability of the dinar.   What we have seen in the past when we have been close and anticipating an exchange is they will start refusing to part with their dinar. People are putting a higher value on dinar now and not wanting to give it up. The people on the streets are anticipating a value change. That is a great sign –imo- that we are close.

6-29-2022   Newshound Guru Samson  Article: "OPEC: Iraq is the fourth in the world in oil reserves"  Quote:  "Iraq ranked fourth globally in the world's largest proven reserves, with 145.019 billion barrels, after Venezuela, which came first, with 303.468 billion barrels, while Saudi Arabia came second, with 267.192 billion barrels, and Iran came third with 208.600 billion barrels."

6-29-2022   Intel Guru Frank26   FRANK:  ...The Iraqi citizens are aware...why do you think the ATMs can instantly do calculations?  ...Because the Iraqi dinar is going to float...Brilliant!  As it continues to float up in value the citizens are not losing any money...when they withdraw from the ATMs.  Wow that's pretty good.  They are explaining to the citizens what these machines will do....   [Post 2 of 2]

6-29-2022   Intel Guru Frank26  [Iraq boots-on-the-ground TV report] FIREFLY:  Had a spokesman on the news giving explanation saying these new ATMs have the capability to take the money and do instant calculations on whatever the rates may be set at. For example only machines can handle floats of currency rates and give back the exact amounts for transactions at the currency rate of transaction...they are educating all of us... [Post 1 of 2....stay tuned]

6-29-2022   Newshound Guru Godlover   Article:  "In a quiet fire" .. a surprising and important statement by the Prime Minister's advisor about changing the dollar exchange"  This article makes it even clearer that the EFSL was created for the purpose of citizens immediate needs & to get them through until the CBI takes action on giving them purchasing power...Another article...the need for a new government & 2022 budget.

6-29-2022   Newshound Guru Pimpy  Article: "Paramilitary Finance denies the possibility of restoring the dollar exchange rate..."  This is another one of those article where they start talking about the exchange rate...it is always interesting to me to see how many articles are in the news in regards to the exchange rate.   They've already said what they wanted to do but they're constantly in the news reminding everybody that they have no intentions on changing the rate.  If that's the case then why do you keep talking about it?

6-29-2022   Newshound Guru Militiaman  Article:  "Association of Banks: More than 14.9 million bank cards in Iraq"   They have close to 50% saturation in the country from the looks of it for cards in the hands of the citizens. They have been telling us all about the new ATMs lately too. The advanced ATMs that can not decipher multiple currencies and at varied exchange rates. They can recycle cash as well. This is more education and support that they are geared for internationalism...

6-29-2022   Intel Guru MarkZ   [via PDK]  It’s really positive all the news coming out of Iraq and it all centers around the white papers, economic reform AND an increase of the value of their currency. It’s exciting times in the Iraqi news and we know we are close but we don’t know exactly the timing. ...this is the number one goal for them.  ...its exciting times for them…and fortunately exciting times for us.

6-29-2022   Newshound Guru Tivon  Article:  "The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons" ...the reserves are prepared to protect against local & international changes! Consider what that means when you think about the 100 deputies signing on to follow through on what Al-Kazemi requested of them [lower the exchange rate]... Mazhar Saleh (Financial Advisor) said that they can maintain the purchasing power that will result from the reinstatement because of their reserves....

6-29-2022   Newshound/Intel Guru Mnt Goat   Article:  "ECONOMIST: THE DOLLAR EXCHANGE RATE WILL NOT RETURN TO ITS PREVIOUS ERA DUE TO INTERNATIONAL OBLIGATIONS"  ...we read in this article that the “previous era” is referring to the old program rate and not pre-1991 era rate...Instead of changing the program rate back to the old program rate they are going to reinstate it and get off the program rate altogether...Also we read that the economic growth will meet monetary obligations of the World Bank...they already have a timeline set up for the reinstatement...This IQD will be reinstated. We will be going to the bank soon as they are just waiting for a “STABLE GOVERNMENT”.

6-29-2022   Newshound Guru Walkingstick  [via Frank26]  The CBI is meeting with the AMF (Arab Monetary Fund).  The topic of this meeting is the "swapping" of currencies with a number of countries in the Middle East region.  Why would you want to swap a toilet paper valued currency?   You wouldn't...


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