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DWS112

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About DWS112

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  1. Parliamentary Finance issues a package of reforms that includes imposing a value-added tax and reviewing the dollar exchange rate 11/28/2020 Economy News - Baghdad: The Parliamentary Finance Committee issued proposals to address the financial crisis in Iraq, which included reviewing the exchange rate of the dollar against the dinar, establishing a national telecommunications company, and imposing a value-added tax. The reforms presented by Parliamentary Finance included, from three axes, the first one titled Maximizing Revenues and Rationalizing Expenditures and
  2. The file of borrowing “closed without returning” .. Parliamentary Finance suggests a date for the birth of the 2021 budget 11/28/2020 The Parliamentary Finance Committee suggested approving the 2021 budget at the end of next January, while it described the borrowing file as closed without return. Committee member Ikhlas Al-Dulaimi said in a press statement, "Coordination and discussions are continuing between the government and parliament to expedite sending the next year budget law during the current period and discussing it in Parliament to reach its approv
  3. Iraq is preparing a plan to join the World Trade Organization in early 2021 11/27/2020 Mubasher: The Iraqi Ministry of Trade announced today, Friday, the preparation of a plan to join the World Trade Organization, stressing that the accession will contribute to increasing national production and providing job opportunities. The ministry told the Iraqi News Agency, "INA", today, that it has prepared a plan to join the World Trade Organization, represented by the restructuring of the national committee concerned with accession, as well as the sub-committees ema
  4. I posted this article in another section. The statement below "reducing salaries is difficult for the citizen" may indicate we will see a devaluation in 2021. JMO - DWS112 A member of Parliament Finance proposes to re-"arrange" salaries 11/23/2020 Baghdad Today - Follow-up Member of the Parliamentary Finance Committee, Jamal Cougar, on Monday (11-23-2020), specified a number of conditions that must be met in the 2021 budget before sending it by the government to the House of Representatives, while noting that the time has come to rearrange salar
  5. Expectations of a decrease in the value of the Iraqi dinar against the dollar in 2021 11/24/2020 Al-Mustaqilla / Economic expert, Mazen Al-Ashiker, predicted the decline in the value of the Iraqi dinar against the US dollar, and the extension of the salary crisis to next year 2021. Al-Ashiker said in a televised interview, that improving the economic infrastructure begins with the currency, and today the Iraqi currency does not differ from the conditions of the Iranian toman and the Syrian pound, and it is likely that the value of one dollar will reach two thousa
  6. Talking about a controlled devaluation of 20% from .00084 to .00066 per dollar should occur? Result would be about 1500 dinars per dollar?
  7. MP Al-Darraji calls for the Central Bank to adopt a real price for the Iraqi dinar 11/25/2020 Representative Muhammad Sahib Al-Darraji called on the Central Bank to adopt the real price of the Iraqi dinar, away from the prices offered in the currency auction. Al-Darraji said in a tweet on his Twitter page, "The central bank must adopt a real price for the dinar, away from violations of the infamous currency selling window." He also called for "disclosing bills and documentary credits provided by banks in exchange for transferring hard currency abroad and checki
  8. Al-Samarrai Calls For Reforming The Central Bank And Unifying The Exchange Rate 11/25/2020 Former Parliament Speaker Iyad al-Samarrai called for the restructuring of the central bank in line with the structures of international central banks, with the unification of the exchange rate in all banks. "The exchange rate is very important, and any major change in the exchange rate and the float will be a disaster for the economy and its consequences will be complex and the economy will not recover for decades, an example of this is what happened in Jordan, Egypt and m
  9. A member of Parliament Finance proposes to re-"arrange" salaries 11/23/2020 Baghdad Today - Follow-up Member of the Parliamentary Finance Committee, Jamal Cougar, on Monday (11-23-2020), specified a number of conditions that must be met in the 2021 budget before sending it by the government to the House of Representatives, while noting that the time has come to rearrange salaries by the government. Cougar said in a televised statement followed by (Baghdad Today), "There is no prior rejection of the 2021 budget, but there is a refusal to present another la
  10. In the document ... the Minister of Finance cancels the customs and tax exemptions granted to states and government institutions 11/22/2020 Today, Sunday, Iraqi Finance Minister Ali Abdul-Amir Allawi decided to cancel customs exemptions and exemptions granted to states and government institutions. According to a document signed by the Assistant Director General of the General Tax Authority and directed to the departments and branches of the Authority and the border crossings in Baghdad and the governorates, “A reference to the book of the Ministry of Finance /
  11. A "new oil sea" in Iraq ... the disclosure of 5 areas "flooded" with gas and oil: about 2,500 km will spare the import! 11/22/2020 Yes Iraq - Baghdad A while ago this year 2020, the Iraqi government began a journey to invest oil and gas reserves in Anbar Governorate, which is equivalent to a third of the country's area, and which remained far from the government's plans for decades without exploring the size of the proven reserves. The current indicators show positive results about what is happening in the exploration operations in Anbar, as the Iraqis kn
  12. Note: After posting this article, (which seems like a smoke screen to me), I think it is an indication that we are getting close to the deletion of the zeros. - JMO DWS112 Deleting 3 zeros from the currency .. Parliamentary finance is suspended and determines the size of the cost and the economic effects 11/21/2020 Baghdad Today - Baghdad Recently, a proposal to delete 3 zeros from the Iraqi currency has been put forward to provide a cash value in the Iraqi market in order to face the financial crisis, which has abounded proposals aimed at
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