WOTS WED JUL 20 22 Efforts for reconciliation between al-Sadr and al-Maliki
Iraq raises its holdings of US bonds by more than 4.5 billion dollars
The US Treasury announced, on Wednesday, that Iraq's holdings of US bonds increased by more than 4.5 billion dollars during the month of May.
The Treasury said in its latest schedule, seen by Shafaq News Agency, that "Iraq's possession of US Treasury bonds for the month of May of 2022 increased by 4 billion and 584 million dollars, or 13.94%, to reach 32.894 billion dollars, after it was 28.310 billion dollars in the month of April." Indicating that "these bonds also rose from the same month last year 2021, when Iraq's possession of bonds amounted to 20.9 billion dollars."
She added that "Iraqi bonds, including long-term guarantees amounting to 15.485 billion dollars and short-term guarantees amounting to 17.409 billion dollars," noting that these bonds represent 0.4% of the world's bonds.
In the Arab world, Saudi Arabia comes at the forefront of the most possessing countries, reaching 114.650 billion dollars, followed by Kuwait second with 46.326 billion dollars, the UAE coming third with 38.277, then Iraq fourth, Oman fifth with 6.327 billion dollars, then Morocco with 3.723 billion dollars.
She pointed out that "the most holder of US bonds is Japan, with a value of 1,212.827 trillion dollars, followed by China, with 980.786 billion dollars, followed by the United Kingdom, with 634.010 billion dollars, and Ireland, with 289.279 billion dollars."
Iraq's Strategies to Enter Global Trade
The “coordination framework” decides to prevent the introduction of phones into its meetings
An informed political source in the capital, Baghdad, confirmed, on Tuesday, that the coordination framework decided during a meeting today to prevent the introduction of mobile phones to its meetings.
The source explained: "The framework has taken this decision for fear of making audio recordings of the meetings and leaking them afterwards, as happened with the leader of the State of Law coalition, Nuri al-Maliki."
Noting that "the coordinating framework cannot tolerate leaks to other personalities in it."
The financial advisor regarding the vision of converting ministries to self-financing: needs a major legal amendment
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said, on Wednesday, that the proposed idea of converting four ministries to self-financing needs a legal amendment.
Saleh said, in an interview with the official newspaper, which was followed by (Al-Oula News), that "the idea of converting 4 ministries into a context that is somewhat similar to self-financing, needs a major legal amendment, because the budget and exchange units are completely central."
And he indicated that "the idea put forward by Chancellor Haitham al-Jubouri is to convert some ministries into revenue, and these revenues cover current operational expenses, as the operational aspect includes current expenses that include employment and salaries."
He explained that “the current budget has two parts; The first is the operation of the management of the public office and its costs, and the other part is salaries and wages, and the latter is paid into the federal general budget through the operating budget that pays salaries, wages and the cost of operating the budget, which is called the current budget according to the financial literature.
Saleh reiterated that “the proposed idea needs a legal amendment to transform these ministries into revenue ministries, meaning that their services are paid for as if they are a private sector, and this collection pays as salaries to its employees and covers its expenses instead of taking fees and taxes that go as central revenues, and therefore it will be a decentralized revenue, and this ( A hybrid context) because we have self-financing units that are subject to quasi-market rules governed by the provisions of the Public Companies Law No. 21 of 1997 and that these companies make profits that are costs and revenue and work on a revenue-equivalent point that covers the costs with everything in it, so this pattern is called (hybrid public finance) You need to amend a law that entails rights and duties related to retirement and others that reduce public revenues as a cost, and this pattern, although it can be put forward and discussed, will fall prey to a great controversy from the accounting, financial and legal aspects
Washington's ambassador to Baghdad: Iraq is the most important strategic partner for us
On Wednesday, the US ambassador to Baghdad, Alina Romanowski, described Iraq as "the most important strategic partner" for the United States of America.
"Iraq is the most important strategic partner for us, and it is the cornerstone of the Middle East," Romanowski said in statements to reporters, including the "Nass" reporter (July 20, 2022).
She added, "There are commonalities in bilateral relations, and we are working on Iraq's stability, prosperity and sovereignty."
And she continued, "There are ways to achieve the joint strategy, including promoting economic development and supporting Iraqi sovereignty."
She pointed out that "the US embassy will continue to move forward in coordination with the Iraqi government to achieve the interests of the Iraqi people and for the people to be stable and more balanced."
She said: "With regard to the procedures for forming the next government, we consider it an internal Iraqi affair and path, and it is an internal challenge."
She added, "Last October, we witnessed successful elections and any government that will be formed through the current political movement, we hope will serve the Iraqi people."
And she indicated, "I do not expect that the Iraqi people want the militias' control, and this is what undermines the situation in Iraq. We have seen this thing on the street that the Iraqi people reject armed manifestations."
She explained, "It is very difficult for any country to move forward and develop if it is subject to foreign agendas."
And she continued, "Democracy may be in a chaotic and hateful form, but the Iraqi people are the ones who choose their government to move forward."
She pointed out that "the United States remains in the Middle East to establish security and stability and to support peace efforts in the region, economically, politically and securityly."
She described the "Gulf Cooperation Summit" as "very important, and expressed the importance of Iraq and its place among the Arab fabric, as well as the Iraqi people felt this importance for Iraq."
She added, "In the coming months, we will support the private sector, which is the key to attracting investments and encouraging youth work and their leadership."
She revealed, "The diversity of electrical energy sources was emphasized at the Gulf Cooperation Summit, and the emphasis was on linking electrical lines between Iraq and Jordan, linking electrical lines between Kuwait and the provinces of southern Iraq, and linking electrical lines between Iraq and Saudi Arabia."
She added, "Through the diversification of energy sources, Iraq will have a great opportunity to obtain electrical energy instead of relying on only one source."
And she indicated, "We have close cooperation between the United States, the international coalition and Iraq to defeat ISIS, and we are working together to increase the capabilities and capabilities of the Iraqi forces, which have reached a large percentage of readiness to fight ISIS."
She explained, "The electrical connection between Iraq and Jordan, the United States, has achieved success in this field through the economic and diplomatic fields."
And it announced "the approval of a specialized American company to establish the infrastructure for the electrical connection between Iraq and Jordan in the two countries."
And she indicated, "The other two projects were exclusively in the diplomatic aspect to enhance and meet Iraq's need in the field of electrical energy, and do not forget that there are neighbors of Iraq who are rich countries and through them we can contribute to the stability of Iraq."
And she added, "Corruption prevents prosperity and progress in all countries of the world and prevents the attraction of investments and the development of those countries," explaining that "the United States is working, through its foreign policy and tools, to support political, security and economic stability in the strategic partnership countries."
Romanowsky indicated that "we pose many problems to the United Nations in an attempt to address and prevent corruption, and we have many programs in this regard through cooperation with stakeholders to prevent corruption, and the work will be more transparent and fair."
She stressed that "we have many projects that some may see as small, but their work is large, and an example of this is provided by the US Agency for International Development by automating transactions between governorates and linking some of them electronically for the purpose of enabling transparency and preventing corruption."
She indicated that "the Biden administration has sent an envoy to partner countries, including Iraq, to fight and diagnose corruption, and we hope to visit Iraq in the near future because it is the most important partner of the United States."
The opening of two bank branches for Rafidain in the Nineveh Plain
The local government in Nineveh Governorate has opened two branches of Al-Rafidain Bank after the end of their reconstruction in the Nineveh Plain.
Rafidain Bank branch manager Monem al-Tahan told the National Iraqi News Agency / NINA / that "the local government opened two branches belonging to Rafidain Bank after completing their reconstruction and restoration, which were destroyed by ISIS gangs during the fall of Mosul."
He added that "the two branches that were opened are divided between the district of Hamdaniya and the district of Bashiqa within the Nineveh Plain," noting that "the Mosul Reconstruction Committee is about to announce the end of the reconstruction of all destroyed banks within the next few days after the end of their construction and the opening of more than 20 banks and branches distributed throughout Nineveh Governorate"
Fitch expects Iraq's debt to decline sharply during 2022
Fitch Ratings expected Iraq's government debt to decline sharply in 2022 relative to gross domestic product, bringing it to pre-Covid-19 levels.
Fitch said, in a report today, Wednesday, that this decline is a positive matter for the creditworthiness of the sovereign rating, noting that this decline may not be sustainable; Due to political tensions that have constrained public spending and reflect the high political risks that are recorded in Iraq's rating at " B- "
The agency forecasts that debt-to-GDP will decline as oil prices rise - which it estimates will average $105 per barrel in 2022 and $85 per barrel in 2023 - and government revenues and nominal GDP increase
Fitch noted that it expects the ratio of Iraqi government debt to GDP to decrease in 2022 to about 47% of GDP, compared to 66% in 2021, indicating that the debt ratio in the country is the largest for any sovereign country in the Middle East. and North Africa, which puts the country below the " B " average in the sovereign rating
The agency indicated that its expectations of achieving a fiscal surplus of GDP of 17% in 2022 assumes an increase in spending by 6% of GDP, in general agreement with the emergency support law.
Fitch: Iraq's good financial performance may not last amid political volatility
The agency expects oil prices to rise on average to $105 per barrel in 2022
The credit rating agency, Fitch, said that Iraq's good financial performance may not last amid political fluctuations that are likely to have negative effects on the whole country.
And the agency stated in a report, Wednesday, that the Iraqi government's debt is scheduled to drop sharply, as a share of GDP in 2022, to reach pre-Corona pandemic levels.
She reported that this decline is positive "for the creditworthiness of the country."
But the decline, according to the agency, "may not be sustainable, because it partly reflects the political tensions that have restricted public spending, and reflects the high political risks that were recorded in Iraq's rating at B-."
Iraq benefited from the rise in global oil prices; Baghdad is the second largest producer of crude in the Organization of Petroleum Exporting Countries after Saudi Arabia, with an average daily production of 4.5 million barrels.
Fitch expects oil prices to rise on average to $105 per barrel in 2022, and $85 per barrel in 2023.
And she added, "We expect a decline in the ratio of Iraqi government debt to GDP in 2022, to about 47 percent of GDP, from 66 percent in 2021."
Iraq's low debt ratio also reflects its failure to form a government and approve the budget since the October 2021 elections; "This has constrained spending to 2021 levels."
And the agency continued, "It is still not clear whether the next government will implement the reforms that were introduced under the previous administration during October 2020, even if Prime Minister (Mustafa) Al-Kazemi is reappointed."
US Ambassador: The next government must address Iraq's problems
The US Ambassador to Iraq, Alina Romanowski, commented on 07/20/2022, on the decision of the leader of the Sadrist movement, Muqtada al-Sadr, to direct members of the Sadrist bloc to withdraw from Parliament.
She continued: We have supported Iraq economically and diplomatically on the issue of the electrical connection, and we hope that the new government will seek to expand the partnership and relationship with the international community, and it must protect Iraq's sovereignty.
She explained that there are three ways to strengthen the partnership of Iraq and the United States, and we will support Iraqis and families until a stable Iraq is reached.
She emphasized by saying: We do not do anything different in Kurdistan than we do in Baghdad, and we do not encourage one party at the expense of another regarding the position of President of the Republic.
She indicated that America will not interfere in choosing the Kurdish candidate for the presidency of the republic, which is a purely Iraqi Kurdish option, and we do not interfere with it
Dead and wounded from the Federal Police in an attack by
ISIS in Salah al-Din
Six members of the Iraqi Federal Police were killed, and seven others were wounded, in an attack that took place at night in a remote area located 140 kilometers north of the capital, Baghdad, attributed to ISIS, a military source told AFP.
The source, who preferred not to be identified, said that "ten to 15 ISIS elements attacked a federal police point after midnight (Tuesday), and it lasted about an hour."
The attack took place in the Al-Jalam area in Salah Al-Din Governorate, in an area where ISIS cells are still active.
A security source in the Iraqi province of Salah al-Din announced earlier today that 9 federal policemen were killed and wounded in an attack by ISIS in the Mutaibija sector between Diyala and Salah al-Din .
The source said, "4 members of the 17th Federal Police Brigade were victims and 5 others were wounded in an ISIS attack in the hot zone between Diyala and Salah al-Din ."
According to the source, "ISIS elements used sniper weapons and medium weapons to target points linked to the Federal Police," noting that "the attack ended after combat reinforcements arrived and the attackers fled to remote areas without confirming any losses or injuries among their ranks."
For his part, the head of the National Wisdom Movement, Ammar al-Hakim, commented on the incident, warning against the recurrence of security breaches, and said: “The recurrence of such breaches would confuse the security scene, which requires the renewal of security and intelligence plans on an ongoing basis, filling the soft and fragile security gaps, and missing the opportunity for terrorist groups in the country. carry out its malicious intent .
While the Iraqi forces succeeded in eliminating the organization after bloody battles, cells from it are still active in some areas far from the cities and target military sites from time to time.
In late April, two Iraqi soldiers were killed in a suicide bombing north of Baghdad.
The Iraqi forces repeatedly carry out operations to pursue the remaining members of the organization.
A report issued by the UN Security Council in January 2022 indicated that the organization “maintained its ability to launch attacks at a constant rate in Iraq, including carrying out hit-and-run operations, ambushes and planting roadside bombs, with its activity remarkably concentrated in Kirkuk, Diyala and Salah al-Din governorates.
The last bloody explosion in the capital took place in July 2021, on the eve of Eid al-Adha, which killed dozens, most of them children.
Iraq officially announced on December 9 that the presence of foreign "combat" forces in the country ended at the end of 2021 and that the new mission of the international coalition, which came to help Iraq in the fight against ISIS, is advisory and training only.
There are still 2,500 American soldiers and 1,000 coalition soldiers deployed in three Iraqi military bases.
After audio leaks... Al-Maliki and Al-Amiri will not run for prime minister
Deputy: All contracts and decisions issued by the caretaker government will be appealed - urgent
The representative of the Babylon Bloc, Duraid Jamil, revealed today, Wednesday, parliamentary moves regarding decisions and orders issued by the caretaker government during the last period
Jamil said in an interview with "Alsumaria News", that "all decisions and orders issued by the caretaker government will be challenged and overturned
While a number of deputies demanded the cancellation of all contracts signed by the caretaker government during the last period
Earlier in the day, a member of the Parliamentary Integrity Committee, Ahmed Taha Al-Rubaie, criticized the continuation of the decisions of the government to handle daily matters by contracting, as an exception to the instructions for government contracts for the year (2014), calling on it to correct its approach and adhere to legal frameworks as well as instructions for implementing the federal budget
Efforts for reconciliation between al-Sadr and al-Maliki... and the Lebanese Hezbollah enters the line of reconciliation
Leaders from the Shiite sect and tribal sheikhs are trying to lead efforts for reconciliation between Maliki and al-Sadr, according to the former deputy sheikh of the al-Dabat tribe in Nasiriyah, Abdul Amir al-Taiban, who said that a group of Dhi Qar tribal sheikhs presented an initiative to the supreme reference Ali al-Sistani to intervene between the two parties. He added that al-Sadr is moderate in his proposal, refused to escalate and prevented demonstrations.
But the most effective and moving intervention came from Lebanon, where the Kuwaiti newspaper Al-Qabas quoted Iranian sources as saying that the Lebanese Hezbollah, in coordination with the Iranian side, sent a high-level delegation to Baghdad to contain the leakage crisis.
The sources told Al-Qabas that given the seriousness of the situation in Iraq following Maliki's leaks, the Lebanese Hezbollah acted urgently and sent a delegation that included figures with good and close relations with the leader of the Sadrist movement, Muqtada al-Sadr, to calm the latter and address the crisis through the party's mediation.
Iranian sources confirmed to Al-Qabas that during the past two days, Hezbollah and the Iranian ambassador held intensive contacts between Al-Maliki and Al-Sadr to find temporary solutions to stop any armed confrontation that might occur between the two parties.
The source confirmed that the Hezbollah delegation will travel during the next two days from Baghdad to Tehran, and al-Maliki may go with him to Iran.
Ambiguity about devaluing the exchange rate.. Parliamentary Finance warns against violating it
Deputies in the Finance Committee rule out returning the exchange rate to what it was about two years ago, despite the financial surplus achieved from oil prices, while noting that changing it at the present time will generate compensatory claims by the owners of some investment projects contracted for the government.
And the Central Bank of Iraq decided in December 2020, to amend the exchange rate of the US dollar to 145,000 dinars for every $100, according to the state’s general budget for 2021 approved by the House of Representatives.
Committee member Jamal Cougar says, “Restoring the dollar exchange rate to its previous era is difficult at the present time, and this matter is not one of the tasks of the House of Representatives, and it is incorrect according to a number of reasons,” noting that changing the exchange rate is one of the exclusive powers of the Central Bank of Iraq. and to the Ministry of Finance.
He added that "despite the financial surplus achieved by the rise in oil prices, there is a debt owed by Iraq in favor of external and internal banks of no less than 100 trillion dinars."
Cougar pointed out that "the rise in oil prices is not stable, but rather came due to the crisis of the war between Russia and Ukraine, meaning when the war stops and things return to their normal state, oil prices will drop."
And he indicated, "Changing the exchange rate will generate compensatory claims by the owners of some investment projects contracted for the benefit of the state, meaning that the affected investor will demand compensation and therefore what some are promoting about the possibility of the House of Representatives issuing decisions that restore the dollar exchange rate are nothing but auctions and titillation for the feelings of the Iraqi street." .
Cougar ruled out, “Passing the 2022 budget law without forming a government, and that the latter is still subject to the consensus of the political forces on its formation, because the withdrawal of the Sadrist bloc from the political process confused the matter, and therefore it is difficult to predict how the mechanism of forming the next government will be.”
In turn, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, says, “Changing the exchange rate is possible, but it requires patience and careful study,” adding, “We need to cook on a quiet fire and monitor prices until the end of 2022, oil prices and foreign reserves.”
Saleh added, "The exchange rate of the dinar against the dollar follows stability, and it is not arbitrary, but rather a contract between the Central Bank of Iraq and the Ministry of Finance because the foreign currency offer comes from the Ministry of Finance, which is the only source for it in the country."
He pointed out, "The Central Bank deals in dollars to maintain cash reserves and prevent inflation, and the modern Iraqi financial history is witnessing cooperation in determining the dollar exchange rate between the Central Bank and the Ministry of Finance."
He continued, "Everything is possible, but we need patience in changing the dollar exchange rate in the event of an increase in prices and the fiscal policy is unable to cover the dinar," noting that "the Food Security Law, if it is not able to secure the requirements in the event of high prices, the Central Bank will intervene to preserve the strength of the dinar." against the dollar.
Al-Maliki discusses with Blackshart the political and security developments in Iraq
The head of the State of Law Coalition, Nuri al-Maliki, received in his office today, Wednesday, the representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert , and discussed with her the the political and security developments in Iraq
A statement by al-Maliki's office, received by (Baghdad today), said that "during the meeting, various issues and political and security developments taking place in Iraq and the region were discussed, as well as the ongoing dialogues to form the new ". government
Al-Maliki indicated, according to the statement, that "the forces of the coordination framework and its allies are determined to form a harmonious service government that meets the aspirations of all Iraqis. And the start of the mechanisms of forming the government, again calling for the Kurdish forces to resolve the presidential ". candidate quickly
Al-Maliki said, "The next government, in addition to providing services and restoring the prestige of the state, should work to correct the course of the political process and hold new elections after making amendments to the electoral law, calling on the international community and the UN organization to support Iraq in overcoming ".challenges
The political process is witnessing dialogues between all the political components in .order to form the next government
The rule of law talks about “problems” after achieving a quorum for the session to choose the president of the republic
- Baghdad A member of the State of Law coalition, Abbas Al-Maliki, confirmed today, Wednesday, that all components in the political process have not resolved their differences and come out with a unified vision regarding the formation of the .government
Al-Maliki told (Baghdad Today), "Differences still exist within the Shiite, Kurdish and Sunni component, and no assurances were issued about the progress of matters ".towards a solution
He added, "In light of the current differences, everything is possible regarding the ".session for selecting the president of the republic
He stressed that "even if the quorum is completed, problems may arise in the matter of choosing the president of the republic and then the prime minister, or that the ".matter proceeds normally and the government is formed. This is also possible
Reuters: The Governor of Anbar in Iraq announces the discovery of new oil wells in the province
Al-Kazemi sends a high-ranking government delegation to visit the site of the Turkish bombing in Zakho
The Prime Minister, Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi directed, on Wednesday, to send a high-ranking delegation from the federal government to see the place that was bombed by the Turkish army in the administration of "Zakho" region in Kurdistan Region.
A source in the Iraqi Foreign Ministry told Shafaq News Agency, that Al-Kazemi dispatched the Minister of Foreign Affairs, Deputy Commander of Joint Operations and his personal secretary to the place of the Turkish bombing in Zakho.
Earlier in the day, a local official said that more than 30 tourists, including women and children, were killed or wounded by Turkish artillery shelling that targeted a resort in the administration of the independent "Zakho" region in the Kurdistan Region.
Mushir Muhammad Bashir, mayor of Zakho, told Shafaq News Agency, that 9 of the tourists were victims, while 22 others were injured as a result of the Turkish bombing that targeted the "Barkh" resort in the "Darkar" district.
He added that some of the wounded were taken to hospitals in Dohuk, indicating that all tourists are from central and southern Iraq.
The local official added that the bombing site was hit by four artillery shells.
The artillery of the Turkish army bombed, earlier in the day, the independent administration of Zakho and the "Bativa" region in the Kurdistan Region of Iraq.
Director of "Darkar" district, Delshir Abdul Sattar, told Shafaq News Agency that the Barkh resort, north of the district in Zakho district, was subjected to artillery shelling, which led to the death of at least four tourists and the injury of a large number of them.
He added that the injured were transferred to Zakho hospitals.
Baghdad - the stock exchange
148,450
--------------------
The price is in most Baghdad exchanges
148,000
148,750
--------------------
Basra - Bursa
148,550
--------------------
Erbil - Bursa
148,600
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1432.8000 |  1491.4000 | 1458.5000 | 1458.5000 | 1458.5000 | 0.4000 | 06:19 |
| USD/VND | 23410.0000 | 23430.0000 | 23418.0300 | 23415.6600 | 23416.1600 | 0.9600 | 04:20 |
| USD/CNY | 6.7510 | 6.7530 | 6.7539 | 6.7411 | 6.7448 | 0.0060 | 05:14 |
| USD/KWD | 0.3072 | 0.3082 | 0.3071 | 0.3070 | 0.3070 | -0.0001 | 05:06 |
| GBP/USD | 1.2007 |  1.2008 | 1.2037 | 1.1989 | 1.1995 | 0.0013 | 05:25 |
| USD/IRR | 42100.0000 | 42600.0000 | 42378.5000 | 42358.6000 | 42378.5000 | 29.3000 | 11:44 |
| USD/IDR | 14956.0000 | 14982.0000 | 14994.0000 | 14956.0000 | 14960.0000 | -3.0000 | 05:25 |
Beijing Dumps $100 Billion Worth Of Treasuries...
FEDERAL TAX COLLECTIONS SET ANOTHER RECORD...
Housing market hits turbulence...
While most analysts and traders were digging through Goldman's stronger than expected Q2 earnings report which … in a modest $440 in Q3, down bigly from the massive $2.815 billion profit a year ago, public equities actually led … across the past four quarter and you get a staggering $2.6 billion in public equity losses! Surely someone on the …
Economics
Powell’s Econ-101 Lesson Presents Best-Case Inflation Scenario
Fitch expects Iraq's debt to decline sharply during 2022
Fitch Ratings expected Iraq's government debt to decline sharply in 2022 relative to gross domestic product, bringing it to pre-Covid-19 levels.
Fitch said, in a report today, Wednesday, that this decline is a positive matter for the creditworthiness of the sovereign rating, noting that this decline may not be sustainable; Due to political tensions that have constrained public spending and reflect the high political risks that are recorded in Iraq's rating at " B- "
The agency forecasts that debt-to-GDP will decline as oil prices rise - which it estimates will average $105 per barrel in 2022 and $85 per barrel in 2023 - and government revenues and nominal GDP increase
Fitch noted that it expects the ratio of Iraqi government debt to GDP to decrease in 2022 to about 47% of GDP, compared to 66% in 2021, indicating that the debt ratio in the country is the largest for any sovereign country in the Middle East. and North Africa, which puts the country below the " B " average in the sovereign rating
The agency indicated that its expectations of achieving a fiscal surplus of GDP of 17% in 2022 assumes an increase in spending by 6% of GDP, in general agreement with the emergency support law.
Iraq raises its holdings of US bonds by more than 4.5 billion dollars
The US Treasury announced, on Wednesday, that Iraq's holdings of US bonds increased by more than 4.5 billion dollars during the month of May.
The Treasury said in its latest schedule, seen by Shafaq News Agency, that "Iraq's possession of US Treasury bonds for the month of May of 2022 increased by 4 billion and 584 million dollars, or 13.94%, to reach 32.894 billion dollars, after it was 28.310 billion dollars in the month of April." Indicating that "these bonds also rose from the same month last year 2021, when Iraq's possession of bonds amounted to 20.9 billion dollars."
She added that "Iraqi bonds, including long-term guarantees amounting to 15.485 billion dollars and short-term guarantees amounting to 17.409 billion dollars," noting that these bonds represent 0.4% of the world's bonds.
In the Arab world, Saudi Arabia comes at the forefront of the most possessing countries, reaching 114.650 billion dollars, followed by Kuwait second with 46.326 billion dollars, the UAE coming third with 38.277, then Iraq fourth, Oman fifth with 6.327 billion dollars, then Morocco with 3.723 billion dollars.
She pointed out that "the most holder of US bonds is Japan, with a value of 1,212.827 trillion dollars, followed by China, with 980.786 billion dollars, followed by the United Kingdom, with 634.010 billion dollars, and Ireland, with 289.279 billion dollars."
The opening of two bank branches for Rafidain in the Nineveh Plain
The local government in Nineveh Governorate has opened two branches of Al-Rafidain Bank after the end of their reconstruction in the Nineveh Plain.
Rafidain Bank branch manager Monem al-Tahan told the National Iraqi News Agency / NINA / that "the local government opened two branches belonging to Rafidain Bank after completing their reconstruction and restoration, which were destroyed by ISIS gangs during the fall of Mosul."
He added that "the two branches that were opened are divided between the district of Hamdaniya and the district of Bashiqa within the Nineveh Plain," noting that "the Mosul Reconstruction Committee is about to announce the end of the reconstruction of all destroyed banks within the next few days after the end of their construction and the opening of more than 20 banks and branches distributed throughout Nineveh Governorate"
The “coordination framework” decides to prevent the introduction of phones into its meetings
An informed political source in the capital, Baghdad, confirmed, on Tuesday, that the coordination framework decided during a meeting today to prevent the introduction of mobile phones to its meetings.
The source explained: "The framework has taken this decision for fear of making audio recordings of the meetings and leaking them afterwards, as happened with the leader of the State of Law coalition, Nuri al-Maliki."
Noting that "the coordinating framework cannot tolerate leaks to other personalities in it."
CBI Update: Just a note:
No comments:
Post a Comment