Iraq Economic News and Points To Ponder Tuesday AM 6-18-24
The Prime Minister’s Advisor Confirms That The Country Is Protected From Any International Financial Risks
Sweeteners – 06-17-2024 09:53 PM – Number of views: 178 Advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Monday, that Iraq ranked distinguished among international groups that follow the best banking compliance systems, which makes it safe from any international financial risks, noting that the international community also praised the solidity of the financial and banking system.
Saleh said, “Cash issuance mechanisms are one of the exclusive powers of the Central Bank of Iraq as it is the issuing bank based on its Law No. 56 of 2004,” noting that “what is published here and there about problems in cash liquidity is far from the solid institutional basis of the monetary authority in Iraq, which is… “One of the most important authorities concerned with the issues of the availability of cash liquidity and the stability of the payments system, which contributes to the sustainability of the stability of transactions in the national economy.”
He added,
“Managing cash liquidity,
building the monetary foundation, and
controlling liquidity levels in the country
are subject to the principle of a long-term plan that is consistent with achieving the operational objectives of monetary policy in order to achieve the intermediate goals of stability and sustainable economic growth and determine the stability of long-term cash flows.” He stated that
“Iraq occupies a distinguished rank among the international financial groups that follow the best international banking compliance systems, which makes our country safe from any international financial risks,” pointing out that
“Iraq is a cornerstone of regional and international financial cooperation institutions in the scope of combating money laundering and money laundering crimes.” Crime and terrorism.” He stated that
“Iraq recently received clear, positive praise for its strong anti-money laundering policies at the Financial Action Organization conference for the Middle East and North Africa region, which was held in the Kingdom of Bahrain, and
it is a testimony from the international financial community that confirms the solidity of the financial and banking system in Iraq with the principles of compliance and the integrity of financial and banking operations.”. https://www.dijlah.tv/index.php?page=article&id=347120
Oil Reveals Important Details Related To The Imminent Halt Of Gasoline Imports From Abroad – Urgent
Economy | Today, 15:25 |Baghdad Today – Baghdad Today, Monday (June 17, 2024), the Undersecretary of the Ministry of Oil for Refining Affairs, Hamid Al-Zobaie, revealed important details related to the imminent halt of gasoline imports from abroad. Al-Zubaie told “Baghdad Today”,
“The Ministry of Oil has currently been able to stop importing more than half of the amount of foreign gasoline we import.” He added,
“Iraq previously imported an amount of gasoline amounting to 14 million liters,
but after the Karbala refinery entered work, it contributed to the production of 7 million liters of high-octane gasoline,
which contributed to the decrease in half of the imported gasoline.”
Al-Zubaie stated, “The entry of the North Refinery to work, in addition to the fact that the 20th of this month will witness the opening of the CCR unit in the North Refineries, which will contribute to the entry of local quantities of gasoline amounting to three and a half million liters of gasoline, and
this will reduce the imported quantities, as Iraq will remain.” It imports a quantity of up to three and a half million liters, and
these quantities can be covered this year if the rest of the proposed projects are opened.”
It is noteworthy that the country’s filtration sector has recently witnessed the opening of a number of important projects, including the Karbala and Baiji refineries, the fourth unit, and the Al-Izmara unit in the South Refinery,
in addition to the fact that there is a large project in Basra Governorate, which is the FCC project, which is scheduled to be completed next year to be a great addition to the filtration sector.
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Provoking Thoughts and Points To Ponder On Adversity:
How sublime a thing it is to suffer and be strong. – Henry Wadsworth Longfellow
He disposes Doom who hath suffered him. – Emily Dickinson
They merit more praise who know how to suffer misery than those who temper themselves in contentment. – Pietro Aretino
Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, vision cleared, ambition inspired, and success achieved. – Helen Keller
Never to suffer would have been never to have been blessed. – Edgar Allan Poe
It is somehow reassuring to discover that the word “travel” is derived from “travail,” denoting the pains of childbirth. – Jessica Mitford
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