Bondlady’s Corner – Iraq Economic News and Points to Ponder Tuesday Afternoon 11-7-23

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Iraq Economic News and Points to Ponder Tuesday Afternoon 11-7-23

Tlm724 Administrator Bondlady’s Corner

An American Official From Erbil: Passing The Oil And Gas Law Is A Priority For Washington

Political | 04:45 – 07/11/2023 Mawazine News – Baghdad  The new US consul in Erbil, Mark Straw, confirmed on Tuesday that addressing the revenue problem and passing the oil and gas law will be Washington’s priorities and agenda in Kurdistan.

A statement from the Ministry of Natural Resources, the regional government, said, “The Acting Minister of Electricity and Natural Resources, Kamal Muhammad Salih, received today the American Consul General in the Kurdistan Region, Mark Straw.”

The statement added, “The Minister of Electricity and Natural Resources thanked the United States of America for its role in resuming oil exports to the Kurdistan region, following up on solving oil and gas problems, expanding investment, and approving the federal oil and gas law with the Kurdistan region.”

In turn, the American Consul confirmed, “We are closely following the process of resuming oil exports and we know that the suspension of oil has had a negative impact on revenues and citizens, and that addressing the revenue problem and passing the oil and gas law will be among the priorities of Washington’s policy and agenda.”

He expressed his “happiness with investing in the electricity, energy and oil sectors.”

https://www.mawazin.net/Details.aspx?jimare=237428

A Crazy Rise In Dollar Exchange Rates In Iraq

Political | 10:39 – 07/11/2023  Baghdad – Mawazine News  The exchange rate of the dollar rose again today, Tuesday, against the Iraqi dinar in local markets.  Below are the dollar exchange rates in local markets this morning:

_ Selling price: 167,000 dinars per 100 dollars

_ Purchasing price: 165,000 dinars per 100 dollars

https://www.mawazin.net/Details.aspx?jimare=237409

The Iraqi Central Bank Resumes The Sale Of Gold Bullion And Coins Via An Electronic Platform

Economy | 10:57 – 07/11/2023  Baghdad – Mawazine News  The Central Bank of Iraq decided, today, Tuesday, to resume the sale of gold bullion and coins via an electronic platform.

A statement from the Central Bank, received by Mawazine News, stated that it “decided to sell gold bullion and coins via an electronic platform, starting tomorrow, Wednesday.”

He pointed out, “Governmental and private banks can apply to buy gold bullion and coins via (an electronic platform designated for this purpose),” indicating that “their sale will be in accordance with the instructions and controls issued by the Central Bank of Iraq.” Ended

https://www.mawazin.net/Details.aspx?jimare=237411

Integrity: We Will Pursue Money Laundering Crimes With Modern Technologies And Digitalization

Iraq   Tuesday, November 7, 2023 Baghdad/National News Center  Today, Tuesday, the Federal Integrity Commission confirmed its intention to prosecute crimes of illicit gain and money laundering using modern technologies and digitalization.

Integrity stated in a statement received by the National News Centre, that “The Chairman of the Authority, Judge Haider Hanoun, stressed in his speech at the launch ceremony of the (Laser Fiche) system, which was attended by the representative and advisor to the Prime Minister (Moayad Al-Saadi), the importance of benefiting from technological development and the information revolution.” ;

With the aim of digital transformation and electronic governance for its role in combating corruption, saving effort, speeding up work, reducing costs, and achieving administrative integrity and transparency in all state institutions.”

Judge Hanoun stressed “the importance of all state institutions shifting to automating their procedures and moving towards electronic governance,” pointing out that “this will prevent auditors from coming into contact with employees and reduce the chances of blackmailing them or demanding bribes from them in exchange for facilitating the completion of their transactions.”

He praised “the great and fruitful cooperation between the Authority and the United Nations Development Program (UNDP) in various fields, especially in the field of transition to digitization and achieving electronic governance,” noting that “the launch of the enterprise management system (Laser fiche) comes within a series of milestones.” Cooperation in this field.”

He pointed out, “The two parties cooperated in launching a project to establish a digital forensic laboratory (DFL), which seeks to support the Federal Integrity Commission in benefiting from the digital revolution and information technology in investigating corruption cases and prosecuting its perpetrators, and making it capable of tracking smuggled funds.

As a result of corruption crimes, it enhances its ability to detect corruption, fraud, and money laundering, investigate those crimes, and deter their perpetrators.”

Hanoun appreciated, “The efforts made by the Vice President of the Authority and the General Director of the Academy (Mazhar Turki Abd), its technical staff, and the rest of its employees in their seriousness and perseverance. In order to reach the start of automating all the academy’s procedures,”

he stressed that “this experiment, which he hopes will be successful, will be circulated among the rest of the authority’s departments and benefit from it in overcoming some of the obstacles that it may encounter,” while he explained that “the authority’s law allows it to carry out any work that contributes to combating Corruption or the prevention of it,

and also granting it the authority to use the means of scientific advancement, devices and machines for investigation, investigation, and evidence gathering, and to provide the requirements and requirements for their use in the field of detecting corruption crimes, preventing them, or prosecuting their perpetrators.”   https://nnciraq.com/235812/

Political | 11:28 – 07/11/2023   Baghdad – Mawazine News  The President of the Supreme Judicial Council, Faiq Zaidan, discussed with the US Ambassador to Iraq, today, Tuesday, the common legal issues between the two countries.

A statement of the Supreme Judicial Council received by Mawazine News stated, “The President of the Supreme Judicial Council, Faiq Zaidan, received today the United States Ambassador to Iraq, Elena Romanowski.”

The statement added, “The meeting discussed a number of common legal issues between the two countries.” Ended    https://www.mawazin.net/Details.aspx?jimare=237414

 

To read more current and reliable Iraqi news please visit BondLady’s Corner:

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Provoking Points to Ponder on Character:

Character building begins in our infancy and continues until  death —Mrs Franklin D Roosevelt

A tree will not only lie as it falls, but it will fall as it leans — J J Gurney

Let us not say, Every man  is the architect of his own fortune; but let us say, every man is the architect of his own character — G D Boardman

Talents are best nurtured in solitude; character is best formed in the stormy billows of the world — Johann Wolfgang von  Goethe

It is not what a man gets, but what a man is, that he should think of – He should think first of his character, and then of his condition: for if we have the former, he need have no fears about the latter – Character will draw condition after it — Circumstances obey principles — H W Beecher

It is not money, nor is it mere intellect, that governs the world; it is moral character, and intellect associated with moral excellence — T D Woolsey

To be worth anything, character must be capable of standing firm upon its feet in the world of daily work, temptation, and trial; and able to bear the wear and tear of actual life — Cloistered virtues do not count for much — Samuel Smiles

Never does a man portray his own character more vividly, than in his manner of portraying another — Richter