Monday, October 9, 2023
COFFEE WITH MARKZ (SPANISH), 9 OCT
MarkZ hoy Lunes en la mañana 9 octubre 2023
Central Bank Governor: We Are Putting The Final Touches To The Lending Strategy. 9 OCT
Central Bank Governor: We Are Putting The Final Touches To The Lending Strategy
Money and business Economy News – Baghdad Central Bank Governor Ali Al-Alaq confirmed today, Monday, the final touches to the lending strategy.
The Ministry of Foreign Affairs stated in a statement received by “Al-Iqtisad News” that “Deputy Prime Minister and Foreign Minister Fouad Hussein chaired today the thirtieth session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Industry, Trade, Labor and Social Affairs, the Secretary-General of the Council of Ministers and the Governor The Central Bank, Chairman of the National Investment Authority, and Advisor to the Prime Minister for Legal Affairs.”
She added, “The Council discussed the items on its agenda and took appropriate decisions regarding them. The Council also hosted the Undersecretary of the Ministry of Agriculture and the Prime Minister’s Advisor, two members of the special committee to study the methods of support provided to the agricultural sector and the possibility of their sustainability in light of the water and financial situation, and to benefit from global experiences and modern methods of irrigation, agricultural mechanization, and support.” Strategic agricultural crops.
She continued, "The Council also discussed the recommendations of the committee formed to support private banks in order to advance the work of these banks to be an important part of the Iraqi economy."
The Governor of the Central Bank indicated, according to the statement, that “the bank is putting the final touches to the lending strategy, and is continuing to implement decisions related to electronic payment.”
The Ministry confirmed, “Given the importance of the wastewater treatment unit project to preserve the environment, reduce pollution, and contribute to increasing the life of production machines and protecting them from damage, the Council decided to change the method of implementing this project to contribute to accelerating its completion.”
Views 26 10/09/2023 - 2:12 PM https://economy-news.net/content.php?id=36879
Government ministers face scrutiny in anti-corruption overhaul, 9 OCT
Government ministers face scrutiny in anti-corruption overhaul
Shafaq News / The Parliamentary Strategic Planning Committee revealed the formation of committees under the supervision of Prime Minister Mohammed Shia Al-Sudani, tasked with reevaluating ministers based on their performance and commitment to safeguarding public funds.
Committee Chairwoman Leila Al-Tamimi, speaking to Shafaq News Agency, stated, "Through our dialogue with the government, we believe that imminent ministerial changes are anticipated under the leadership of Prime Minister Mohammed Shia Al-Sudani.
He has crucial observations, notably pertaining to combating corruption and preventing misappropriation of public funds within ministries."
She emphasized, "The issue of financial mismanagement and anti-corruption measures ranks among the foremost concerns. These matters will determine the work and performance of ministers in the government. Evaluation of ministers and their replacement will be conducted through monitoring and inspection committees within the Prime Minister's office, overseen by Al-Sudani. Consequently, ministers will be assessed and replaced as part of the expected ministerial reshuffle, reflecting the government's commitment to transparency and accountability."
https://shafaq.com/en/Iraq-News/Government-ministers-face-scrutiny-in-anti-corruption-overhaul
Tehran to send skilled workforce to Iraq, 9 OCT
Tehran to send skilled workforce to Iraq, 9 OCT
Shafaq News / The Iranian Ministry of Labor has announced its readiness to dispatch surplus Iranian labor force to various job levels in Iraq. According to Mehr News Agency, one of the current opportunities available for job seekers, particularly university graduates, is the possibility of working abroad and participating in the job markets of other countries.
Experts view the deployment of the workforce to other nations as advantageous, citing benefits such as reducing unemployment, generating foreign currency, diversifying the country's income, especially diminishing reliance on oil revenues, and utilizing skilled professionals.
The current Iranian government has prioritized activating the labor market diplomacy as a central policy, overseen by the Ministry of Cooperation, Labor, and Social Welfare. The ministry has been instructed to send Iranian labor force to countries such as Armenia, Qatar, and Iraq as initial steps in this initiative.
In this regard, Omid Malek, the Director-General of Employment Development and Labor Counseling at the Ministry of Labor, announced the ministry's preparedness to send surplus Iranian workforce to Iraq across various job levels, as reported by Mehr News Agency. He emphasized that the Iraqi employers in Basra city have specific labor requirements, urging the Iraqi side to fulfill these needs, including job specifications, contract durations, salaries, and wages. This cooperative approach aims to facilitate the announcement of job opportunities and streamline the issuance of work visas for the incoming workforce.
"RV UPDATE" BY MARKZ, 9 OCT
MarkZ
Article: “Iraq Central bank warns Iraqi banks refusing USD withdrawals”
...Iraq has to be positively livid with the US government right now…don't let it throw you though...my Iraqi sources believe we are on the fast track…and this situation with Israel and Hamas will not cause more than a slight speed bump in the RV. I hope they are accurate.
Very quiet overnight on the RV side…..
but, great expectations for this weekend or the first part of this week. My redemption center folks are on call this weekend. They are not at work…they are “on call”...
Last week I told you all that I know a number of bankers...put on “stand by” for imminent currency value changes. I thought this was huge news. My bank crew is sure ramped up and expecting something big this week.
…no update yet...from redemption center folks...as to whether they expect to work this weekend.
I have been hitting a brick wall…their phones seem to be turned off…. I don’t know if that is a great thing or a coincidence. Yesterday a number of them told me they are on “stand by” specifically for currency exchanges. I think this is huge. Let’s see if something comes of it.
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...