Bondlady’s Corner – Iraq Economic News and Points to Ponder Monday AM 1-29-24


Iraq Economic News and Points to Ponder Monday AM 1-29-24

Tlm724 Administrator Bondlady’s Corner

The Iraqi Judiciary And The US Treasury Discuss Sanctions On Iraqi People And Companies

On Monday, the Supreme Judicial Council of Iraq discussed with the US Treasury Department sanctions on Iraqi people and companies.

A statement by the Supreme Judicial Council stated, “The head of the Supreme Judicial Council, Judge Faiq Zaidan, received the US Treasury Undersecretary for Terrorism and Financial Intelligence, Brian Nelson, in the presence of the Chargé d’Affaires of the US Mission in Iraq, David Berger, the Judicial Attaché at the US Embassy, Ellen Andrizzi, and his accompanying delegation.” .

He explained, “The two parties discussed the legal measures and sanctions issued by the US Treasury Department (OFAC) regarding Iraqi people and companies.”

The United States of America had previously imposed sanctions on a number of Iraqi people linked to armed factions, in addition to sanctions on Fly Baghdad Airlines.

Baghdad.. The Dollar Rose Slightly With The Closure And Stabilized In The Local Markets

Time: 01/29/2024 Read: 741 times   {Economic: Al-Furat News} The prices of the US dollar rose slightly against the Iraqi dinar, on Monday, in Baghdad, with the stock market closed.

With the closure of the Al-Kifah and Al-Harithiya stock exchanges, dollar prices recorded 151,600 Iraqi dinars against 100 dollars, while this morning they recorded 151,400 Iraqi dinars against 100 dollars.

Selling prices in exchange shops in local markets in Baghdad witnessed stability, reaching 152,500 dinars for 100 dollars, while purchasing prices reached 150,500 dinars for 100 dollars.   LINK

Trade: Seven Electronic Services To Regulate The Work Of Supply Agents Are Nearing Completion

Reconstruction and building  Economy News – Baghdad  The Ministry of Commerce announced today, Monday, the near completion of seven electronic services to regulate the work of supply agents.

The Ministry stated in a statement received by Al-Eqtisad News, that “The Undersecretary of the Ministry of Commerce for Administrative Affairs, Sattar Al-Jabri, met with the Director General of the Department of Planning and Follow-up, Talib Hassan, and the management of the Supply Department in the department.”

The meeting discussed “what has been accomplished in the electronic program for seven services to organize the work of supply agents, including the processes of creating, merging, adding, returning, and other operations, which are scheduled to be launched during the coming period of this year.”

The undersecretary stressed “the necessity of accelerating the launch of these services, which was emphasized by the Minister of Commerce, Atheer Al-Ghurairi, to implement the paragraphs of the government program to shift from the paper system to the electronic system, which allows many citizens to benefit from the services provided by this department to simplify procedures to eliminate red tape and reduce time and effort.”Views 68   01/29/2024 –

The Central Bank sets new ceilings for prepaid cards

Money  and business   Economy News – Baghdad  Today, Monday, the Central Bank of Iraq set new limits for filling prepaid cards known as prepaid.

The Central Bank sent a letter to banks and electronic payment companies, and Al-Iqtisad News obtained a copy of it, stating that the maximum limit for the card balance is 10 million dinars.

He added, “The ceiling for withdrawals from ATM machines inside Iraq is 2 million dinars, or what is determined by the entity that owns the ATM, and that it does not exceed the monthly card balance.”

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Economy |  01/29/2024   Mawazine News – Baghdad   Oil prices recorded gains of about 1 percent during early Asian trading on Monday, due to concerns about fuel supplies after a missile hit a fuel tanker operated by Trafigura in the Red Sea.

This comes at a time when Russia’s exports of refined petroleum products are heading for a decline as many refineries continue to be repaired after being subjected to drone attacks.

Brent crude futures rose today, Monday, to 83 cents to $84.38 per barrel by 23:41 GMT, after recording its highest level during the session at $84.80.

US West Texas Intermediate crude rose 78 cents to $78.79 a barrel.

Military Expert: America Will Not Leave Iraq Without A Long-Term Security Agreement

 01/29/2024  Mawazine News – Baghdad  Military expert Sarmad Al-Bayati confirmed the impossibility of the withdrawal of American forces without concluding a strategic security agreement with Iraq, noting that the Iraqi airspace is exposed and America can never leave it without sovereignty.

The Iraqi military expert, Sarmad Al-Bayati, said in a statement followed by Mawazine News: “There is a big difference in the statements between Iraq and the United States, and some may be confused about what is happening, despite what was announced about the formation of an American-Iraqi military committee to sit with the international coalition.” “.

Al-Bayati added: “But those sitting on the Iraqi side in this committee are figures who have nothing to do with the issue of the withdrawal of coalition forces, including the Federal Police, whose work is linked to NATO, so they focused in the meeting on assessing the threat of ISIS and operational training, in addition to the most important One point, which is to strengthen Iraqi armed capabilities.”

The military expert stressed that “it is impossible for any withdrawal of international coalition forces to take place if the strengthening of armed capabilities and control of Iraqi airspace is not completed. Therefore, cooperation continues with the coalition, and even if a withdrawal occurs, the American forces will take a long time on this matter.”

Al-Bayati stressed, “The American forces will not leave Iraqi airspace uncontrollably, so there will certainly be a strong security agreement between Baghdad, Washington, and the international coalition, and it is not easy to leave Iraq an easy prey for ISIS.”

The Iraqi expert explained, “The Americans actually work in Iraqi military bases as advisors, but there are other forces to protect them, and thus their secrets and policies in the region remain with them. It is not easy to know their true number in Iraq, because they do not give their combat position to any party.”

Al-Bayati ruled out that there would be any forced exit of the international coalition forces from Iraq, because the matter would have a negative impact on the entire country. Therefore, no forced evacuation of them would occur, but rather after assessing the situation regarding the extent of the threat and danger of ISIS.

American forces returned to Iraq in 2014 as part of the international coalition forces, at the request of the Iraqi government to support them in confronting ISIS, which invaded a large part of the lands in the north and west after the collapse of the Iraqi army units.

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Top 100 Inspirational Quotes  Compiled By Kevin Kruse 

 Inspirational quotes and motivational quotes have the power to get us through a bad week, and can even  give us the courage to pursue our life’s dreams.  In my book, 4 Keys to Happiness and Fulfillment at Work, By Kevin Kruse, I share surprising research into the true triggers of workplace motivation.

 So in the spirit of self motivation, here are 100 inspirational quotes.

54. If you’re offered a seat on a rocket ship, don’t ask what seat! Just get on. – Sheryl Sandberg

 55. First, have a definite, clear practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends; wisdom, money, materials, and methods. Third, adjust all your means to that end. –Aristotle

56. If the wind will not serve, take to the oars. – Latin Proverb

57. You can’t fall if you don’t climb.  But there’s no joy in living your whole life on the ground. – Unknown

58. We must believe that we are gifted for something, and that this thing, at whatever cost, must be attained. – Marie Curie