Iraqi News Highlights and Points to Ponder Friday AM 11-24-23

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Iraqi News Highlights and Points to Ponder Friday AM 11-24-23

Parliamentary Comment On Government Measures Regarding The Dollar

Baghdad – IQ    The Parliamentary Finance Committee confirmed that the Central Bank has come a long way in restoring market stability.

The head of the committee, Atwan Al-Atwani, said in a statement received by (IQ NEWS), “Diversifying the sources of foreign currency adoption in commercial transactions is the only way to address the problem of the increasing demand for the dollar, and create a parallel market for selling hard currency.”

He added, “With the Central Bank’s response to our previous call in this regard, by starting to open various windows to deal in other foreign currencies and adopting the (clearing) system in trade exchange with various countries, it has come a long way in the mission of restoring market stability, getting rid of the dominance of the dollar, and strengthening The strength of the Iraqi dinar and its entry into the line of global commercial transactions.

Al-Atwani stressed, according to the statement, “the importance of this approach as an effective solution and a well-thought-out strategy to open new horizons that ensure facilitation of commercial transactions procedures at various levels.”

He renewed his full support for “the steps of the Central Bank of Iraq as it moves steadily towards developing real solutions to the crisis,” pointing out that “we are looking forward to other steps that will restore stability to the market and end the problem of fluctuating exchange rates and increasing demand for the dollar.”

https://www.iqiraq.news/economy/55423–.html#hathalyoum

]Parliamentary Finance Identifies A Single Factor For The Stability Of The Dollar And Dinar

Economy | 08:43 – 11/24/2023  Mawazine News – Baghdad   The Finance Committee in Parliament considered that diversifying the sources of foreign currency reliance in commercial transactions is the only way to address the problem of the increasing demand for the dollar, and to create a parallel market for selling hard currency.

 The head of the committee, Atwan Al-Atwani, said in a statement received by Mawazine News, “The Central Bank’s response to our previous call regarding addressing the problem of the increasing demand for the dollar and creating a parallel market for selling hard currency has come a long way in the mission of restoring market stability.”

 He added, “By starting to open different windows to deal with other foreign currencies and adopting the (clearing) system in trade exchange with various countries, the Central Bank has come a long way in getting rid of the dominance of the dollar and strengthening the strength of the Iraqi dinar and entering the line of global commercial transactions.”

 He stressed “the importance of this approach as an effective solution and a well-thought-out strategy to open new horizons that ensure the facilitation of commercial transactions procedures at various levels,” reiterating “full support for the steps of the Iraqi Central Bank.”

He stressed that the Iraqi Central Bank “is moving steadily towards developing real solutions to the crisis, while we look forward to other steps that will restore stability to the market and end the problem of exchange rate fluctuations and increasing demand for the dollar.”

https://www.mawazin.net/Details.aspx?jimare=238481

Member Of The Democratic Party: Postponing The Oil And Gas Law Until After The Kurdistan Parliament Elections

Time: 11/24/2023 19:22:08   Read: 858 times   {Politics: Al-Furat News} A member of the Kurdistan Democratic Party expected that the draft oil and gas law would be postponed to next year due to continuing disagreements over it.

Wafa Muhammad Karim told Al-Furat News Agency, “The oil and gas law has reached the stage of final touches before being sent to the House of Representatives, but the entry into the oil-producing governorates required more time to write the draft, in addition to the presence of political parties that want to obstruct the law.”

He added, “So far, the law has not been sent to Parliament and will be postponed until next year, because it is one of the most complex laws passed in Iraq.”

Karim expected that “the draft law will be implemented after the Kurdistan Regional Parliament elections {scheduled for the beginning of next year} due to its legislative difficulty.”

Prime Minister Muhammad Shiaa Al-Sudani confirmed on the second of last August that the draft oil and gas law is part of the commitment to the ministerial approach, which the House of Representatives voted on, and will take into account constitutional principles, in a way that guarantees the fair distribution of oil wealth and improves the reality of the economy in its various aspects, and contributes to the economic reform that The government has made it a priority.

Al-Sudani directed the formation of a ministerial committee to supervise the technical dialogues between the Federal Ministry of Oil and the Ministry of Natural Resources in the region, in addition to inviting the governors of the oil-producing governorates, Basra, Maysan, Kirkuk, and Dhi Qar, and the general directors of government oil companies to the ongoing technical dialogues regarding the law, provided that it is followed by These dialogues complete the political dialogue to agree on submitting the draft law.   Raghad Dahham  LINK

Provoking Points To Ponder From Seedtime Quotes That Will Change How You Look At Money

“Never spend your money before you have it!”
  
“Every time you borrow money, you’re robbing your future self!”
 
 “It’s not your salary that makes you rich, its’ your spending habits!”
  
“If you can count your money, work harder!“If you can count your money, work harder!”
 
“Chase your Passions & Money will come. Chase Money & you may never find your Passions!”
 
 “You’ve got to tell your money what to do, or it will leave!”
 
“Rich is not a goal. Five million in three years is.”
 
I hope you have found some advice that you can change the way you look at money!
 
https://seedtime.com/quotes-about-money/