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yota691 last won the day on January 29

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  1. Iraq THE ARREST OF 3 ACCUSED MANIPULATING THE EXCHANGE RATE OF THE DOLLAR IN BAGHDAD Wednesday, February 1, 2023 11:57 am Baghdad / National News Center Today, Wednesday, the General Directorate of Intelligence and Security announced the arrest of three suspects accused of manipulating the exchange rate of the dollar and a drug dealer in the governorates of Baghdad and Babil. A statement by the Directorate, received by the National News Center, said, “The detachments of the Baghdad Intelligence and Security Directorate affiliated to the General Directorate of Intelligence and Security at the Ministry of Defense arrested three suspects who were selling foreign currency (dollars) contrary to the instructions of the Central Bank of Iraq and flagrante delicto.” The statement added, "The accused were arrested on Al-Kifah Street, in coordination with the Organized Crime Control Directorate, and they were handed over to the competent authorities." The statement indicated that, "based on intelligence information through which detachments of the Intelligence and Security Directorate of Babel, in cooperation with a joint security force, were able to overthrow a drug dealer in Babel Governorate." And the statement continued, "where he was seized with a quantity of narcotic crystal, which was confiscated and the accused was referred to the judiciary."
  2. An Iraqi political movement declares its opposition to the Sudanese government and invites Sadr 2023-02-01 07:02 Shafaq News/ The head of the "Patriotic Consciousness" movement, Salah Al-Arabawi announced, on Wednesday, his movement's opposition to the current federal government headed by Muhammad Shia'a al-Sudani, calling at the same time the leader of the Sadrist movement, Muqtada al-Sadr, to end his retirement from politics and rectify the current situation for fear of the collapse of the Iraqi state. Al-Arabawi said in a press conference held today that the real life of the government and the ruling coalition is not (100) days, but two decades, adding that with our realization that the old political equation cannot produce anything new, we did not want to go to the opposition when forming the government, hoping for change. And he considered that "giving more opportunities will lead to more collapse and destruction," pointing out that "this government is an exact copy of the previous governments (Kobe Beast)." Al-Arabawi also indicated that "the accumulated and worsening crises that the current government and its political incubator could not solve or mitigate (the crisis of the collapse of the national currency, the crisis of inflation in the public sector, the poverty crisis, which is almost the highest with a quarter of the Iraqi people below the poverty line, the unemployment crisis, the scourge of corruption and theft Century and others) called on us to announce the position of the political opposition with a free Iraqi will." He explained that "our opposition will carry the following characteristics: diagnostic rather than personalized, corrective rather than vengeful, realistic rather than facebooking, systematic rather than barbaric, corrective rather than vengeful." Al-Arabawi added that there are two red lines in our opposition: the first is that it does not aim to overthrow the regime, but rather to change it through a general referendum and by peaceful and democratic means, and the second is that it does not call for societal chaos, violent protest and disruption of state institutions, but rather aims to create peaceful, disciplined, organized and conscious protest. The head of the "consciousness" movement called on the government, the parliament and the judiciary to the following: restoring the prestige of the Iraqi dinar, reducing the unemployment rate by half by providing job opportunities, not jobs, stopping decisions of exclusion and political replacement, recycling failed and tried faces, and committing to holding early elections and not circumventing them. And return the smuggled and stolen money and imprison the thieves and smugglers. Al-Arabawi called on Al-Sadr to end his political retreat (not his retirement) because Iraq needs all reformers, and because continuing with this political and governmental approach will lead to the collapse of the state. The head of the movement also called on "the new national forces and the opposition to this ruling class and the State Administration Coalition, to organize their ranks and organize themselves in a real opposition project so that they can be an alternative to the traditional forces." In September 2022, six political forces announced the formation of an Iraqi political alliance under the name of the "Iraqi Position Coalition", with the aim of "rebuilding the state again". in the next elections. The political forces are (Enough Movement, the Iraqi Nation Party, the Wathiqoon Movement, the Iraqi Unified Democratic Council, the Faili Front, and the National Consciousness Movement), to announce today its opposition to the process of the government and the political process in the country.
  3. Al-Sudani confirms the biggest challenge: Hundreds of millions of dollars are smuggled daily with forged bills to Kurdistan and then abroad February 1, 2023 Baghdad / Obelisk: Iraqi Prime Minister Muhammad Shia al-Sudani revealed on Tuesday evening that fraudulent transfers of dollars abroad had taken place, indicating that this matter was revealed by the start of implementing regulations that sponsor financial transfers in a step that coincided with the decline in the value of the dinar against the dollar. During the past two months, the Iraqi dinar lost more than 10% of its value against the green currency, which led to sporadic demonstrations protesting the decline in the purchasing power of citizens. On Tuesday, the price of the dollar in the market reached 1,680 dinars, while its official price is still the same at 1,470 dinars. Analysts and officials attribute this decline in the value of the national currency to the Iraqi banking system's compliance with international regulations related to money transfer. It has become imperative for Iraqi banks to conduct these transfers through the electronic SWIFT platform, which allows, in particular, the US Central Bank to monitor these transfers. During his interview with a TV channel, Al-Sudani touched on this mechanism, considering it a tool to achieve “real reform of the banking system, the economic system, to preserve public money and prevent it from smuggling and money laundering.” The prime minister explained that currency smuggling abroad was done through transfers made on the basis of forged invoices for imports whose prices were inflated. He said that smuggling was done through “false invoices, and the money was coming out and being smuggled, and this is a reality, otherwise what would we have imported for $300 million a day?” He added, “What does it mean that we were importing goods worth 300 million dollars per day? Inevitably, this money was coming out of Iraq, and this has been a chronic problem for years.” The prime minister inferred the existence of smuggling by saying that before the implementation of the Swift system, the Central Bank of Iraq used to sell merchants quantities of green currency many times more than what it sells to them today, and yet there are no missing goods in the markets today. Iraq suffers from chronic corruption that undermines public administration and the entire economy. “Before, we used to sell $300 million, $200 million, $250 million per day,” he said. Now, the central bank sells 30, 40 or 50 million dollars daily, and what has changed, what has been lost in the market, nothing. And Al-Sudani continued, “So, where did the money that comes out go? All with fake invoices. There are commodities that they enter at irrational prices, and it is clear that the aim is to get the currency out of Iraq. This matter must stop.” The Prime Minister confirmed that his government had formed “specialized security teams” to detect smugglers and seize smuggled funds. He added, "We hear that there is smuggling of money that is transferred to the Kurdistan region, and from the region it goes to neighboring countries." Al-Sudani said, “The financial situation in Iraq today is in the best condition, because merchants and businessmen are accustomed to correct and legitimate trade.” The Prime Minister confirmed that Foreign Minister Fuad Hussein and the new governor of the Central Bank will be among the delegation that will travel to Washington on February 7 to discuss the exchange rate mechanism and its fluctuations.
  4. Control of the exchange rate is achieved by supporting the Central Bank's measures Articles Sameer Al-Nusairi Since last week, and in continuation of the efforts of the government and the Central Bank, specialized work cells and teams from the cadres of the Central Bank and banks, with the follow-up of the Prime Minister and the Parliamentary Finance Committee, and under the direct supervision and management of the Governor of the Central Bank, have begun to hold a series of meetings, discussions and reviews of instructions with the aim of simplifying the procedures that lead to To secure the US dollar in the quantities required to cover the foreign trade needs of merchants, businessmen and importers (companies and individuals) through the banking system, as well as covering the needs of citizens traveling outside Iraq for all purposes. In addition, the tireless efforts of the Central Bank and the government to coordinate at a high level and directly with international technical requirements, in a manner that guarantees the arrival of the dollar to the real beneficiary, while preserving the bank’s foreign currency reserves with the bank and with other banks according to the highest levels of care, transparency and responsibility. And from our analysis of the current situation of the money market in Iraq and the continued flow of the dollar according to the daily rates of oil imports and the availability of foreign cash reserves of about 115 billion dollars. It makes us reassured that the current exchange rate crisis is temporary, and the price will return to its targeted rates from the Central Bank in a short time. This requires governmental and parliamentary cooperation and support and keeping the crisis away from bickering, tensions and political conflicts, as well as media support for the Central Bank’s procedures and non-interference of non-specialized analysts who are hosted in Some media channels to harm the independence of the Central Bank and the reputation of our national economy internationally. We commend here the government's measures to track down speculators in the currency market and unlicensed money changers who harm the money market and the commercial market, and we bet that the crisis will end in the short term. We hope that the trolls understand that the duties and tasks of the Central Bank are clear and defined in its law in force and that it implements them in accordance with its independence and its monetary policy and its tools. It is not one of its tasks to control the border crossings and the customs system, nor to follow up and control speculators in the currency market, nor is it responsible for the lack of local production that covers the needs of citizens It is not responsible for increasing the ration ration or committing to distributing it on time to citizens, nor is the Central Bank responsible for providing sufficient social welfare allocations to meet the needs of the poor, and the Central Bank is not responsible for activating the productive sectors in agriculture and industry and diversifying sources of national income. Therefore, the responsibility to maintain the stability of the exchange rate is the responsibility of everyone, the central bank, the government, banks, the media and citizens. Views 123 Added 02/01/2023 - 10:32 AM Updated 2023/02/01 - 4:12 PM
  5. Cabinet: The government will deliver petrodollar allocations directly to the oil provinces money and business Economy News / Baghdad The President of the Republic, Abdul Latif Jamal Rashid, discussed, on Wednesday, with the Secretary-General of the Supreme Coordinating Committee for Provincial Affairs in the Council of Ministers, Ahmed Al-Fatlawi, the allocations of the governorates and the possibility of amending the law of their councils. In a statement on the sidelines of his meeting with Al-Fatlawi, Rashid said, "Field visits to the governorates are necessary to find out the size of the problems and challenges facing citizens and work to overcome them." To the governorates, in a way that helps in combating and eliminating corruption and improving the general level of the governorates. The President of the Republic explained "the importance of reviewing the numbers of members of the provincial councils in the draft law amending the law of governorates that are not organized in a region," stressing "the need to address the disbursement of funds allocated to the provinces to advance their urban and service reality, in addition to the establishment of new cities integrated in the services provided and infrastructure. He pointed out, "Security and political stability will help open horizons for investment," noting "the importance of developing these opportunities to advance the country's reality and ensure prosperity and stability for the people." In this context, the President of the Republic directed "the establishment of a citizen complaints fund for the Presidency of the Republic." In turn, Al-Fatlawi indicated that "the committee will play a coordinating role with the Presidency of the Republic by reviewing the reports of each province in an integrated manner." He explained, "The government is keen to activate petrodollar allocations and pay them directly to the provinces, and the Development Fund for Iraq and the Reconstruction Fund for the poorest provinces have been established." . 51 views Added 2023/02/01 - 3:41 PM Updated 2023/02/01 - 5:00 PM
  6. The central bank meets with banks to discuss the dollar crisis Economie| 10:09 - 01/31/2023 Baghdad - Mawazine News An informed source said, on Tuesday, that a meeting had begun at the Central Bank to discuss the crisis of the dollar's high exchange rate. The source told Mawazine News, "A short time ago, a meeting began in the Central Bank building, in the presence of all banks." The source, who asked not to be named, added, "The meeting comes to discuss the dollar crisis." Ended 29/N33
  7. Developments in the political situation at the table of the President of Kurdistan and Britain 2023-02-01 03:19 Shafaq News/ The President of Kurdistan Region, Nechirvan Barzani, discussed, on Wednesday, with the British Ambassador to Iraq, Mike Bryson Richardson, the latest developments in the political situation, while the latter expressed his country's support for dialogue between the two Kurdish parties to solve outstanding problems. The region's presidency said, in a statement received by Shafaq News Agency, that the President of Kurdistan Region, Nechirvan Barzani, received today the British Ambassador to Iraq, Mike Bryson Richardson, indicating that the two sides stressed during the meeting the importance of consolidating bilateral relations between the Kurdistan Region, Iraq and Britain. They also discussed, according to the statement, the latest developments in the political situation in Iraq, Erbil's relations with Baghdad, and developments in the region in general. Regarding the internal situation in the Kurdistan Region, the statement says that the British ambassador welcomed the meeting of the Kurdistan Democratic Party and the Patriotic Union of Kurdistan, expressing his country's support for dialogue between the two sides and solving problems through dialogue. On the other hand, they discussed the issue of the oil and gas law, the Iraqi budget, the decisions of the Iraqi Federal Court and their negative effects on the political situation, and the British ambassador stressed on these issues that his country encourages Erbil and Baghdad to solve their problems through dialogue.
  8. America shows its suppor t for the meetings of the two main parties in the Kurdistan Region 2023-02-01 05:51 Shafaq News/ The President of Kurdistan Region, Nechirvan Barzani, met today, Wednesday, with the US Consul General in the region, Irvin Hicks Jr. A statement issued by the Presidency of the region today stated that the two sides discussed during the meeting the recent political developments in the Kurdistan Region and the meetings and meetings of the Kurdistan Democratic Party and the Patriotic Union of Kurdistan. In this regard, the US Consul General expressed his country's welcome and support for dialogue and efforts to resolve differences between the two sides, stressing that America It looks with interest at its relations with the Kurdistan Region. According to the statement, the process of reform and reorganization of the Peshmerga forces constituted another focus of the meeting, during which His Excellency President Nechirvan Barzani stressed the continuation of the process and the importance of its success, thanking America for its assistance and support in this context. For his part, the US Consul General reviewed his country's focus and interest in this process and its acceleration. The meeting also discussed the problems of Erbil and Baghdad, preparations for the visit of an American trade delegation to the Kurdistan Region, issues of human rights, freedom of the press and expression, and a group of issues of common concern to both sides.
  9. Patriotic Kurdistan: The Sudanese made a pledge regarding the salaries of the region's employees 2023-02-01 06:04 Shafaq News/ The Patriotic Union of Kurdistan revealed, on Wednesday, that the Iraqi Prime Minister, Muhammad Shia' al-Sudani, pledged to secure the salaries of the region's employees, while urging the need to expedite the settlement of the federal budget law for the year 2023. Union member Sheikh Raouf told Shafaq News agency, "The Prime Minister pledged in Paris, and said, "I am responsible for securing the salaries of the Kurdistan Region, and the region is an integral part of Iraq, and citizens are equal before the law and the constitution with duties and rights," stressing the need to "leave political rivalries aside, and that the Kurdish citizen not be a victim of political conflicts. Regarding Qubad Talabani's visit to Baghdad and his meeting with the three presidencies, he explained that "the National Union will be a positive factor in order to end the political disputes in order to pass the federal budget for the current year," pointing out that "the budget is according to what was stated in the ministerial curriculum and the forces participating in the coalition (administration The state) must be approved in its allotted time and reach a satisfactory solution regarding the disputes, as well as the legislation of the oil and gas law. Raouf continued: "Months have passed and we are waiting for a resolution of the issue of the budget, because Iraq needs political stability, an end to political rivalries, an end to differences, and the start of providing services. This is in the interest of the Iraqi people, and any step to reverse this trend is against the interests of the Iraqi people with all its components."
  10. Exposing a "mistake" made by the Federal Court in its decision against the Kurdistan Region 2023-02-01 07:32 Shafaq News / The Kurdish academic, Judge Latif Sheikh Mustafa revealed, on Wednesday, a mistake made by the Federal Court (the highest judicial authority in Iraq) by taking a decision to prevent the federal government from sending an amount of "200 billion dinars" as salaries to Kurdistan Region employees. Latif stated, during a press conference held at the University of Human Development in Sulaymaniyah, which was attended by Shafaq News Agency, that "the Federal Court, based on the invitation submitted by Representative Mustafa Sanad, who indicated that the decision to send the amounts in violation of Financial Management Law No. (6) of 2019, Article (17 and 18), as well as a violation of the Federal Budget Law for the year 2021, Articles (10 and 11) of the law. He added, "The cabinet is the one who decided to send these amounts in the years 2021 and 2022, as an advance that will be returned after settling it from the final accounts, and that giving salaries comes to solve the crisis and the functioning of public facilities." Latif indicated, "The Federal Court relied in its decision on Article (93) of the Iraqi Constitution, Paragraph (Third), which stipulates that one of the duties of the Federal Court is to adjudicate cases that arise from the application of federal laws, decisions, regulations, instructions, and procedures issued by the federal authority. The law entitles the Council of Ministers, concerned individuals and others to directly appeal to the court. After reviewing the legal case in the decision, the Kurdish academic pointed out that "the decision of the Council of Ministers is in violation of the Financial Management Law and the Budget Law, but deciding on this issue is not the prerogative of the Federal Court, but rather the prerogative of the Administrative Court, since the Federal Court has matched the decisions and instructions of the Council of Ministers." Regarding the disbursement of the amount by Law No. (6) and the Federal Budget Law for the year 2021, this is not permissible. Last week (January 25, 2023), the Federal Court ruled that it was unconstitutional for the Federal Council of Ministers to send sums of money to finance the monthly salaries of employees and workers in the public sector in the Kurdistan Region. The President of the Kurdistan Region, Nechirvan Barzani, considered the Federal Court's decision that it is illegal for the Iraqi government to send the salaries of the region's employees, unfair, pointing out that this decision targets the political process and the political agreement on which the new Iraqi government was formed. In turn, the Kurdistan Regional Government described the decision as "unjust" and a flagrant violation of the constitution and contrary to the agreement to form the Iraqi government, while calling on the federal government not to submit to this decision, and to fulfill the promises it made to send financial dues to the Kurdistan Region.
  11. Kurdistan Regional Government: The Federal Court is used to undermine any agreement with the Iraqi government 2023-02-01 06:44 Shafaq News/ The Prime Minister of Kurdistan Region, Masrour Barzani said, on Wednesday, that the Federal Supreme Court (the highest judicial authority in Iraq) is being used to torpedo and undermine any agreement to solve problems with the federal government, expressing his hope at the same time that the draft budget law for the year 2023 will be approved. As soon as possible to guarantee the constitutional rights and entitlements of the region. Earlier in the day, the Kurdistan Region Council of Ministers held its regular weekly meeting headed by Masrour Barzani, and discussed a number of issues on its agenda, according to a statement issued by the regional government. At the outset of the meeting, and on the occasion of the anniversary of the first of February, the Prime Minister recalled with reverence the memory of the tragedy of the first of February, and said: “We commemorate, in the name of the Council of Ministers, the memory of our immortal martyrs with all honor, appreciation and reverence, and we renew our commitment to moving forward in confronting terrorism, terrorists and ideology the extreme.” In the first paragraph of the agenda of the meeting, the head and members of the delegation of the region presented the negotiating program of the Kurdistan Regional Government with the federal government with the aim of approval by the Council of Ministers. The negotiating delegation was also instructed to visit Baghdad and resume meetings in light of the programme. The Prime Minister reaffirmed the keenness of the Kurdistan Region to reach a radical solution to the problems on the basis of the constitution, the political agreement that resulted in the formation of the government, and the ministerial platform of the Iraqi government. The Prime Minister indicated that the Kurdistan Region and its negotiating delegation did what they had to do in order to reach an agreement, and were waiting for the federal government to commit to implementing the agreements, and added: "Unfortunately, the Federal Supreme Court is used to torpedo and undermine any agreement to solve problems with the federal government." The Prime Minister also expressed his hope that the draft federal budget law for the year 2023 will be approved as soon as possible, and that the constitutional rights and entitlements of the Kurdistan Region will be secured. In the second paragraph of the agenda, the Council of Ministers discussed the issue of banknotes in the Kurdistan Region, and directed the Ministries of Finance and Economy, Industry and Trade, Martyrs and Anfal Affairs, and the Coordination and Follow-up Department to prepare a report containing their observations and recommendations to take the necessary decision in this regard at the Cabinet meeting. In the third and final paragraph of the agenda, the Council of Ministers discussed the solution to the problem (the letter of bank guarantee) with regard to the stalled projects of the Kurdistan Regional Government, and in this regard, proposals and recommendations were presented to address the problem and were approved after it was enriched with the necessary discussions.
  12. Employee salaries lose value.. The dollar rises 15% against the Iraqi dinar 2023-02-01 06:52 Shafaq News/ Iraqi economists saw, on Wednesday, that the rise in the exchange rate of the dollar against the dinar is due to several political factors, while they confirmed that this rise led to the employee losing his purchasing power in half. The economist and professor of economics at the Iraqi University, Abdul Rahman al-Mashhadani, told Shafaq News agency, "The dollar rose by 15% against the Iraqi dinar after the increase that occurred in November, and thus led to an increase in commodity prices by more than 25%." . Al-Mashhadani explained, "Employees and those with fixed incomes lost their ability to buy by half due to the rise in the dollar, and the rise in commodities in the markets on the other hand." For his part, Bassem Jamil, an economist, told Shafaq News agency, "Employees lost 10 to 15% of their salaries after the dollar price hike." Jamil added, "The rise affected the market movement and the buying process, which decreased by half," noting that "the political and economic factor has a role in this rise." It is noteworthy that the exchange rate of the dollar against the Iraqi dinar has increased significantly during the current period, reaching more than 168 thousand dinars for every 100 dollars, at a time when the government has been unable so far to stop the deterioration of the Iraqi dinar, which led to the government's process of closing exchange shops in the Stock Exchange. Al-Kifah, Al-Harithiya, and the arrest of some of the people it described as speculators.
  13. An increase of more than 52% in the Iraqi Central Auction for the sale of currency 2023-02-01 04:06 Shafaq News/ The Central Bank of Iraq's sales of dollars increased in the currency auction today, Wednesday, by more than 52%, to reach less than 105 million dollars. Shafaq News Agency reporter stated that the Central Bank sold today, during its auction for buying and selling the US dollar, 105 million, 115 thousand and 216 dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar. Our correspondent added that sales of dollars went in the form of cash at the rate of 55 million dollars, while the rest of 50 million, 115 thousand and 216 dollars went to reinforce the balances abroad in the form of (remittances, credits). Our correspondent indicated that the number of banks that bought the cash dollar amounted to 15, while the number of banks that responded to requests for strengthening balances abroad reached 17, while the total number of exchange and mediation companies participating in the auction was 112 companies.
  14. The Iraqi government begins distributing the salaries of retirees 2023-02-01 07:41 Shafaq News/ A source in the Iraqi Ministry of Finance said, on Wednesday, that the Pension Authority and the Rafidain and Al-Rasheed Banks have started distributing the salaries of retirees (civilian and military) for the month of February 2023. The source told Shafaq News agency that the salaries of the civil and military retirees have been distributed, and the retirees must go to the exchange outlets to receive their salaries.
  15. The Washington Institute: Theft of the Century Network Linked to Al-Kadhimi Today 16:34 Information/translation... A report by the Washington Institute for Middle East Policy stressed that the Iraqi government should not fully rely on the high oil revenues that have been achieved in recent months and exploit them to inflate the already inflated public sector in the country. "The new Iraqi government must diversify the Iraqi economy, reduce government spending, and strive to create real and sustainable job opportunities for the hundreds of thousands of people who enter the labor market every year," the report, which was translated by Al-Maalouma Agency, stated. "Instead, the new government plans to increase unsustainable spending on public sector salaries by 20 trillion Iraqi dinars ($13.71 billion) in 2023. The money will be used to hire about 66,000 fresh graduates and put another 360,000 temporary workers on the permanent payroll," he added. . For a country of 42 million people, such piecemeal efforts are distracting and do nothing to advance the creation of the neutral and independent bureaucracy needed to make real progress. And the report stated that, “Upon taking office, Al-Sudani promised, like his predecessors, to fight corruption vigorously, but so far there have been no signs of progress. His first task was to respond to the “theft of the century” in which shell companies with strong ties stole the equivalent of 2.5 billion. dollars from government accounts. And he stated, "The wide network of the so-called theft of the century seems to include a wide range of political actors, including those close to former Prime Minister Mustafa Al-Kazemi, while the recovery indicates a state of stalling after the government said it had all the money on the horizon, indicating that the funds are strongly protected." Great coercion and political cover beyond what the prime minister can handle." He pointed out that "pressure must be continued to remind the government that its credibility, whether in Iraq or abroad, depends on pursuing real investigations and prosecutions in corruption cases and bringing the perpetrators to justice." End/ 25 zd
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