Iraqi News Highlights and Points to Ponder Thursday AM 12-7-23


Iraqi News Highlights and Points to Ponder Thursday AM 12-7-23

3Government Source: New Shipments Of Dollar Supplies Arrive In Iraq

Economy | 07/12/2023  Baghdad – Mawazine News  A government source revealed, today, Thursday, the arrival of shipments of dollars to the Trade Bank of Iraq.  The source said: “Shipments of millions of dollars arrived through the Trade Bank of Iraq (TBI), as part of the bank’s plan to supply dollars.”

He added, “This came to meet customer requests,” noting that “other shipments are scheduled to arrive during the next few days.”

Iraq And 4 Arab Countries Possess More Than One Million Tons Of Global Gold Reserves

Gold bullion in Munich. “Reuters”   Money  and business  Economy News – Baghdad  The World Gold Council announced on Thursday that Iraq and four Arab countries possess more than one million tons of global gold reserves.

The Council said in its latest schedule for the month of December 2023, viewed by Shafaq News Agency, that “Iraq, Algeria, Egypt, Lebanon, and Saudi Arabia have reached one million, 28,040 tons of precious metal.”

He added, “Iraq maintained its ranking of 30th globally out of the 100 countries listed in the table with the largest gold reserves, as it has not purchased gold since the month of May, bringing its gold possessions to 132.7 tons, which represents 7.7% of the rest of its other reserves.”

He pointed out that “the United States of America sits on the throne of the rest of the countries with the largest possession of gold in the world at 8,133.5 thousand tons, followed by Germany with 3,352.6 thousand tons, then Italy came with 2,451.8 thousand tons, while Suriname ranked 99th with 1.5 thousand tons.” tons, followed by Papua Guinea with the same amount at 1.5 thousand tons.”

The Council stated, “Iraq announced on June 27, 2022, the purchase of new quantities of gold amounting to approximately (34) tons, an increase of 35% over what was in its possession, while in the month of May it announced the purchase of 2.3 tons of gold.”

It is noteworthy that the World Gold Council is based in the United Kingdom and has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

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The Iraqi Central Bank Sells More Than $200 Million At Auction On Thursday

Baghdad today – Baghdad  Today, Thursday (December 7, 2023), the Central Bank’s sales amounted to more than $206 million during its auction to buy and sell the US dollar.

According to the bank’s list, its total sales today amounted to 206 million and 144 thousand and 114 dollars, which the bank covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1,310 dinars per dollar for external transfers, and at a rate of 1,310 dinars per dollar in cash.

According to the table provided to “Baghdad Today,” “most of the dollar sales went to strengthen balances abroad in the form of (transfers, credits), amounting to 194 million and 924 thousand and 114 dollars, while the rest, amounting to 11 million and 78 thousand dollars, went in the form of cash sales.”


Iraq’s Exports Of Oil And Its Products To America Exceed 70 Million Barrels Within 7 Months

Money  and business  Economy News-Follow-up  The US Energy Information Administration announced on Thursday that crude oil exports to the United States amounted to more than 70 million barrels during seven months of 2023.

The administration said in its schedule that Iraq exported 70.230 million barrels of crude oil and its products to America from March until September.

She added that Iraq’s exports of oil and its derivatives in September amounted to 9,843 million barrels, 62,000 barrels lower than what they recorded in August, when they reached 9,905 million barrels, and 436,000 barrels higher than in July, when exports reached 9,407 million barrels.

The US Energy Information Administration stated that OPEC’s exports of crude oil and its products to America during the seven months amounted to 306,086 million barrels, with Saudi Arabia having the highest rate of exports to America, reaching 14,166.47 million barrels during the same time period.

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The Regional Government Calls For Amending The Budget Law

12/06/2023 Read: 13 times  {Politics: Al-Furat News} Today, Wednesday, the Kurdistan Regional Council of Ministers held its regular weekly meeting, headed by Prime Minister Masrour Barzani and in the presence of his deputy, Prime Minister Qubad Talabani, and discussed a number of topics on its agenda.

At the beginning of the meeting, the Prime Minister, on behalf of the Council, welcomed the return of Peshmerga Minister Shorsh Ismail to the Council of Ministers meetings and the resumption of his work and duties.

In the first paragraph of the agenda, the concerned ministers presented the latest developments related to the budget share and salaries of the Kurdistan Region in light of the discussions held by the region’s negotiating delegation, during its recent visit to Baghdad last week.

The negotiating delegation also presented the necessary clarifications to the Council of Ministers, indicating that despite reaching a common understanding in Baghdad stipulating that the entitlements of salary recipients must be separated from political differences and obligations, it emphasized the disbursement of the region’s salary allocations according to the tables attached to the budget law without applying the actual spending standard. And not linking employee financial benefits to political differences.

The negotiating delegation indicated that the recent negotiations, and what was presented to the region’s negotiating delegation, do not radically resolve this issue and do not address the problem of the entitlements of all of the region’s salary recipients, which amount to 944 billion dinars per month, and more than 11 trillion dinars annually, which was reviewed and audited by the audit team.

 The joint Federal Financial Supervision Bureau and the region, and therefore what the federal government is practicing is a clear, explicit and unjustified violation of the constitutionally guaranteed rights of the citizens of Kurdistan,” according to a statement by the regional government.

The Kurdistan Council of Ministers called on the federal government to prepare a draft law amending the federal general budget law in the Council of Ministers as soon as possible and approve it, and then refer it to the House of Representatives with the aim of securing the entitlements of salary recipients in the region as stated in the tables of the budget law,

far from the standard of actual spending and disputes, and At the political level, all political parties that formed the cabinet of Federal Prime Minister Muhammad Shiaa al-Sudani must support the draft law amending the budget law, so that salary recipients in the region can receive their salaries on time without delay, like their peers in the rest of Iraq’s regions, towards achieving the justice embodied in the Constitution in The principle of equality of citizens before the law, and that financial benefits are sent to the Kurdistan Region within the framework of the signed agreements and the budget law, so that the Kurdistan Region Ministry of Finance can distribute them to those entitled to them.   LINK

9 Million Iraqis Live In Baghdad

Posted On2023-12-07 By Sotaliraq  Yesterday, Wednesday, the Ministry of Planning revealed its estimates of the population of Iraq for the year 2023, indicating that the number has reached 43 million people, while indicating that Baghdad is the most populous according to population projections based on annual estimates.

The official spokesman for the ministry, Abdul Zahra Al-Hindawi, said in a press statement that “the number of people in Iraq for the year 2023 reached 43 million people,” noting that “Baghdad is the most populous, with 9 million people, representing 23% of the other governorates.” .

Al-Hindawi added, “The city of Mosul came second in number of people in Iraq, with a population of 4 million people, followed by Basra third, with an estimated population of 3 million people. The city of Muthanna, with an estimated population of 950 thousand to one million, came second.”

He pointed out that “the percentage of males in Iraq is slightly higher than that of females, as the percentage of males reached 50.5% while the percentage of females reached 49.5%.”

He explained that “population growth in Iraq is 2.5 per year, which is a lower rate than ten years ago, which was more than 3%, but there is an accumulated increase in the population amounting to one million people per year.”

Al-Hindawi stated that “the age group from zero to 15 years is 40%, the age group from 16 to 63 years is 56%, and the age group from 64 years and above is 3.4%.”   LINK

The Sudanese Government Sends 700 Billion To The Region Again

Economy   12/07/2023 Number of readings: 270  Baghdad – Iraq Today:  The Iraqi Kurdistan Regional Government announced the arrival of 700 billion dinars from Baghdad to pay employees’ salaries.

Regional government spokesman Peshwa Hawrami said in a press statement, “700 billion dinars arrived from Baghdad.”

Hawrami pointed out that “the money arriving from Baghdad will distribute salaries to the region’s employees.”LINK

Provoking Points to Ponder on Exaggeration:

Some persons are exaggerators by temperament — They do not mean untruth, but their feelings are strong, and their imaginations vivid, so that their statements are largely discounted by those of calm judgment and cooler temperament  — They do not realize that “we always weaken what we exaggerate”  Tryon Edwards 

Exaggeration is a blood relation to falsehood, and nearly as blameable –– H Ballou 

Exaggeration as to rhetoric, is using a vast force to lift a feather; as to morals and character, it is using falsehood to lift one’s self out of the confidence of his fellowmen — Paget 

There are some persons who would not for their lives tell a direct and willful lie, but who so exaggerate that it seems as if for their lives they could not tell the exact truth — Paget