Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

In A Suspicious Move ... The Central Bank Raises The Names Of Banks From The Currency Auction


Mary B
 Share

Recommended Posts

Jordan: 253 thousand barrels of oil the Kingdom's imports from Iraq last September

image.php?token=f63d5ca33c16c26c624f4e36683673de&c=6873105&size=
 


 

Baghdad / Al-Akhbariya

The Minister of Energy and Mineral Resources, Eng. Hala Zawati, announced today, Thursday, that the Kingdom's imports of Iraqi oil during the month of September amounted to about 253.6 thousand barrels, at a rate of 8560 barrels per day.

In a press statement, Zawati said, "The (Corona) pandemic forced the emptying of Iraqi tanks into the Jordanian tanks in the free zone between the two countries through the exchange of cargo, and 857 Jordanian tankers participated in the process during last September."

It indicated that "the total quantities of Iraqi crude oil supplied to the Kingdom from the end of August 2019 until the end of September 2020 amounted to about 2,958 million barrels, with a daily average of 7545 barrels, transported by 11,152 Iraqi and Jordanian tankers loaded from the site (the Chinese / Baiji station) to the refinery site / Zarqa ".

The process of importing Iraqi crude oil comes in implementation of the memorandum of understanding for the supply of crude oil signed between the government of the Republic of Iraq and the government of the Hashemite Kingdom of Jordan on February 2, 2019.

https://www.ikhnews.com/index.php?page=article&id=228472

Link to comment
Share on other sites

07-10-2020 10:46 PM

Researcher: The rate of participation in early elections will not exceed 5% in the event that the parties' authority remains and will inevitably be rigged

image.php?token=0c8150111b8550763d1587c3215b84d7&c=4332166&size=
 


 

Baghdad - news

The researcher on Iraqi affairs, Iyad Al-Anaz, confirmed today, Wednesday, that the rate of participation in early elections will not exceed 5%, and it will inevitably be falsified if the authority of the ruling parties and political blocs remains at the levers of the state.

Al-Anaz, in a statement to Al-Akhbariya, said that "there is a political scheme to weaken the Iraqi social fabric," stressing that "Iraq needs a real political leader who sacrifices for the sake of the people."

He added, "The political scene is confusing, and the reason for this is the weakness of the leaderships that have taken over the affairs of the country since 2003 until today," stressing that "the Iraqi street is looking for a civil state dominated by order, not chaos."

"The real change is being made by the Iraqi people alone, not the current political class," the researcher on Iraqi affairs emphasized, noting that "the ruling class has foreign loyalties and fears for its interests and works to satisfy its masters outside the country's borders."

With regard to the early elections called for by the government, he pointed out that "the participation rate in it will not exceed 5%, especially with the survival and control of the parties and political blocs themselves on the joints of the state, in addition to that it will inevitably be visited."

For his part, the former head of the electoral administration in the Electoral Commission, Miqdad Al-Sharifi, said that the distribution of electoral districts according to political moods leads to chaos in the next parliament, while he called for providing a budget to complete the biometric cards.

 

https://www.ikhnews.com/index.php?page=article&id=228441

Link to comment
Share on other sites

The Central Bank launches the electronic platform for letters of guarantee

Editing date: 11/10/2020 9:13  9 times read
Where is the News _ Baghdad. This bank invites the parties benefiting from letters of guarantee located in the capital, Baghdad, to obtain the information registration form by this bank, while those outside the capital Baghdad can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area of each Branch, and the above mechanism will be actualized, starting from (October 18, 2020)

Within the framework of its reform measures and in keeping with developments in the automation of the banking industry, this bank announces the "launch of the electronic platform for letters of guarantee in which the information of letters will be recorded by the authorized banks", and this platform includes in its work the downloading of the letters' data by the authorized banks through Access to it and with different and specific powers, provided that the bank is responsible for the accuracy and correctness of such data.



The beneficiaries of the two sectors (public and private), and after issuing the letter, are required to adopt an electronic registration form obtained from the Central Bank, which this platform will issue including information on those letters and has various security marks such as the heat stamp and the (barcode) feature, without this bank incurring any financial commitment that results For the bank’s delay in paying the value of the letter. 
  • Like 1
Link to comment
Share on other sites

The Central Bank launches an electronic platform for issuing letters of guarantee

2020.10.11 - 09:11
The Central Bank launches an electronic platform for issuing letters of guarantee

 

Baghdad - People  

The Central Bank of Iraq announced, on Sunday, the launch of an electronic platform to issue letters of guarantee for authorized banks.  

The bank said in a statement that "Nass" received a copy, (October 11, 2020), that "within the framework of its reform measures and in keeping with developments in the automation of the banking industry, this bank announces" the launch of the electronic platform for letters of guarantee in which the letter information will be recorded before. Licensed banks, "indicating that" the platform will be comprehensive in its work, to download data for letters by authorized banks through access to them and with different and specific powers, provided that the bank is responsible for the accuracy and correctness of such data. "  

He continued, “The beneficiaries of the two sectors (public and private) and after issuing the letter are required to adopt an electronic registration form obtained from the Central Bank and which this platform will issue, including information on those letters and has various security marks such as the heat stamp and the (barcode) feature, without this bank bearing any A financial commitment resulting from the bank’s delay in paying the value of the letter.  

He added, "The bank invites the parties benefiting from the letters of guarantee and located inside the capital Baghdad to obtain the information registration form by this bank, while those outside the capital Baghdad can obtain the information registration form from the branches of the Central Bank of Iraq (Basra, Mosul, Erbil) and according to the geographical area of each Branch, and the above mechanism will be actualized starting (October 18, 2020).  

https://www.nasnews.com/view.php?cat=42427

  • Upvote 1
Link to comment
Share on other sites

Al-Fatlawi holds the government responsible for controlling the financial file and revenues in the region

 

09:04 - 11/10/2020
 
  
%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF.jpg

Information / private

The representative of the Al-Fateh Alliance, Fadhel Al-Fatlawi, held the central government responsible for not controlling revenues in the region, stressing the need to implement the law and not grant the region revenues and budgets at the same time.

Al-Fatlawi said to / the information /, that "the government should resolve the financial file with the region in order to overcome the financial crisis, by recovering the money owed by the region."

He added, "Kurdistan, if it does not deliver the sums and revenues to the central government, then Baghdad must take a firm stand on this matter."

And he indicated that "the region acquires the revenues that must be delivered to Baghdad as well as gets its budget from the capital, and therefore this procedure is unfair and the government bears the responsibility to recover these funds, implement the law and limit the financial capabilities from north to south in its hands." 25 n

https://www.almaalomah.com/2020/10/11/499347/

  • Upvote 1
Link to comment
Share on other sites

Sunday, October 11, 2020 10:15 AM

 

Representative Finance: Real reforms will spare the country a major economic crisis

Parliamentary Finance
 
 

 

Parliamentary Finance put forward several steps to get out of the current financial crisis that the country is going through.

She said in a statement: "The real reforms will spare the country a major economic crisis with the importance of making a clear plan to increase revenue, Ktfiel customs, taxes and collection fees.

She added:" The solution is only to control the customs is the governance of electronic and automation procedures at border crossing points. " The

committee called on the government By taking action and investing in its relations with the outside world, to return the million barrels that were taken from the Iraqi quota according to the OPEC + agreement, indicating that their return would provide us with approximately 30% of the salaries of state employees.
  • Upvote 1
Link to comment
Share on other sites

WILL THE YEAR 2021 WITNESS AN INCREASE IN OIL PRICES?

57bce42a0403a.jpg
 
 

Today, Sunday, the Ministry of Oil suggested that crude oil prices are stable in the global market at a ceiling of 42-41 dollars a barrel during the last quarter of this year. It is expected that prices will jump to 45 dollars a barrel for the first quarter of next year.

"The total rate of Iraqi crude oil exports for the current month of October is still stable at a ceiling of two million and 600 thousand barrels per day, and it will continue at this level," the ministry said in a press statement followed by Al-Naba news agency.

He added, "The government estimated the price of $ 42 per barrel of oil in the draft federal budget for 2021, according to the economic data of the global oil market and the implications of the Corona virus on the activity of industrialized countries and its effect on the volume of demand and the price of a barrel in the global market."

The ministry renewed its position on adhering to the determinants of the decisions of oil-exporting countries / OPEC and its allies to reduce crude oil production. Iraq has achieved the full reduction percentage established within Iraq's share of the total reduction.

It is noteworthy that the OPEC alliance, which includes members of the organization, and countries from outside it, most notably Russia, on March 13th, reached a unanimous agreement to reduce oil production, described as the largest reduction of its kind in the history of global crude production.

https://n.annabaa.org/news51466

  • Upvote 1
Link to comment
Share on other sites

Political Analyst: There Is A Circumvention Of The Will Of The Masses By Passing The Election Law

On October 11, 2020

The Independent / - Political analyst Hazem Al-Bawi said that the effective blocs in the House of Representatives voted on the gains that could be achieved by the election law and led to democracy.

Al-Bawi said in a press statement that the independent watchdog followed, that the resignation of some blocs to pass the election law despite its misfortunes and violations represents another kind of circumvention of the will of the masses and the endeavor to preserve what it has achieved in the recent elections, which witnessed even foreign opinion bodies that they were fraudulent by 83% and little popular participation. “.

articles_between

He explained that "the blocs that the people were witness to falsifying the results of the last elections are seeking to preserve what they have achieved and more during the upcoming elections."

Al-Bawi expressed his regret that the masses of political parties were not asked to provide a disclosure of their service achievements before allowing them to promote and advertise the elections.

https://www.mustaqila.com/محلل-سياسي-هناك-التفاف-على-ارادة-الجما/

Link to comment
Share on other sites

Legal Expert: Election Laws Are Behind The Flaw In The Political Process After 2003

On October 11, 2020

The Independent .. Legal expert Dr. Bashar Al-Hattab said that the defect that has plagued the entire political process since 2003 bears the bulk of the election laws, "they are the medicine if it is advisable to use it and the performance if his statement is neglected."

Al-Hattab indicated in a statement to (Al-Mustaqilla) that when the constitution addresses the aspirations and aspirations of the people, the election law represents the means to choose who seeks to achieve it on the ground ...

He added that the blessed sacrifices of the October Revolution contributed to drawing a new map to divide the multiple electoral districts, expressing the sincerity of the parliamentary representation that has been absent for many years, especially in Nineveh Governorate, which had the largest share of marginalization and absenteeism.

He explained that some of the proposals in distributing electoral districts took a "dangerous curve," and others were "more realistic" trying to preserve the rights of the province amid this diaspora and division.

articles_between

Al-Hattab considered the proposals submitted by the deputy (Osama al-Nujaifi) and the deputy (Ahmed al-Jarba) as "the most appropriate" in dividing the departments of Nineveh Governorate, and "achieving representative representation consistent with the nature and characteristics of the population, whether in the center or in the districts and sub-districts."

He indicated that the divisions of the eight electoral districts in Nineveh aimed at taking into account the population density of the Mosul district center, which was divided into 3 electoral districts, preserving the social demographic diversity in the district and sub-district centers, in addition to adopting geographical convergence in the distribution of electoral districts to residential areas.

As for the proposal submitted by the MP (Falah Zaidan), which includes merging districts in the districts and sub-districts with areas in the city center, it is an attempt to deplete the electoral votes of the people of the governorate, and a confiscation of their political freedom to choose their representatives in the House of Representatives, so the voters cannot be aware of who Their candidates are in the districts and counties and vice versa.

He stressed that "every social environment has its own specificity, identity and aspirations, in which it is impossible to equal needs and requests."

https://www.mustaqila.com/خبير-قانوني-قوانين-الانتخابات-وراء-ال/

Link to comment
Share on other sites

Calls To Resolve The Financial File With The Kurdistan Region In Order To Overcome The Financial Crisis

On October 11, 2020

The Independent / - The representative of the Al-Fateh Alliance, Fadhel Al-Fatlawi, held the central government responsible for not controlling the revenues in the region, stressing the need to implement the law and not granting the region revenues and budgets simultaneously.

"The government should resolve the financial file with the region in order to overcome the financial crisis, by recovering the money owed by the region," Al-Fatlawi said in a press statement published by the Independent.

articles_between

He added, "Kurdistan, if it does not deliver the sums and revenues to the central government, then Baghdad must take a firm stand on this matter."

And he indicated that "the region acquires the revenues that must be delivered to Baghdad as well as gets its budget from the capital, and therefore this procedure is unfair and the government bears the responsibility to recover these funds, implement the law and limit the financial capabilities from north to south in its hands."

https://www.mustaqila.com/دعوات-لحسم-الملف-المالي-مع-اقليم-كردست/

Link to comment
Share on other sites

Parliamentary Finance Excludes Raising The Exchange Rate Of The Dollar In Order To Compensate For Oil Losses

On October 11, 2020

The Independent / - Member of the Parliamentary Finance Committee, Jamal Cougar, ruled out the government's move to raise the exchange rate of the dollar against the dinar in order to compensate for oil losses due to global price drops, pointing out that the Central Bank has a study and control over exchange rates.

Cougar said in a press statement followed by the independent today, Sunday, that "the government to raise the exchange rate of the dollar against the dinar is not possible and excluded, because the central bank has a solid study in this regard."

articles_between

He added that "the central bank administration does not support the proposal to raise the dollar exchange rate at all, and has a set of reasonable reasons and justifications to keep the exchange rate at its natural limits."

Cougar ruled out that "the government or the central bank in 2021 will choose to raise the exchange rate of the dollar against the dinar."

 

https://www.mustaqila.com/المالية-النيابية-تستبعد-رفع-سعر-صرف-ال/

  • Upvote 3
Link to comment
Share on other sites

The Arrival Of The Local Borrowing Law To The Parliament Has Stalled For These Reasons

On October 11, 2020

The Independent / - The official Al-Sabah newspaper reported that the government is “reluctant” to send the local borrowing law to the House of Representatives, despite the continuous parliamentary calls for the government to speed up sending it.

The newspaper said in its number issued today and reviewed by Al-Mustaqilla on Sunday, that "until now the local borrowing law has not reached the House of Representatives, despite the continuous parliamentary calls for the government to speed up sending it, in order to find a legal way out that secures the salaries of employees."

articles_between

She added, "It seems that the government is" reluctant "to send it, in light of the presence of a representative trend that rejects the continuous resort to borrowing without real reforms that maximize non-oil revenues.

The newspaper quoted a member of the Finance Committee, Jamal Cougar, as saying, "The government is reluctant to send the local borrowing law to Parliament because it believes that the law will not be voted on."

The Ministry of Finance has borrowed 15 trillion dinars, while it is currently looking for a new borrowing of 27 trillion dinars, in contrast, the deficit in the draft budget for this year is 81 trillion dinars.

https://www.mustaqila.com/تعثر-وصول-قانون-الاقتراض-المحلي-الى-مج/

  • Thanks 1
Link to comment
Share on other sites

Al-Kazemi receives an official invitation to visit Turkey

Editing date: 10/11/2020 13:08  56 read times
Where's News_Baghdad

Prime Minister Mustafa Al-Kazemi received an official invitation to visit Turkey on Sunday.
A statement by the Information Office of the National Security Adviser Qassem Al-Araji, a copy of which was received by Ayin News, stated that the latter "received in his office in Baghdad today, the Turkish ambassador in Baghdad, Fatih Yildiz."
The statement added, "The meeting discussed the tracks of bilateral relations between Baghdad and Ankara, and ways to enhance and develop them in the interest of both countries."
Al-Araji stressed, according to the statement, that "Iraqi-Turkish cooperation is very important, and it must be developed, removing all obstacles and solving problems that stand in its way in order to create balanced relations based on common interests."
For his part, Yildiz pointed out to "inviting Kazemi to visit Turkey as soon as possible," stressing "the importance of Turkish-Iraqi relations and the need to develop them in all fields."
Link to comment
Share on other sites

In the document ... important figures in the law on financing the fiscal deficit that reached Parliament today

  •  Time: 10/11/2020 16:20:00
  •  
  •  Read: 1,534 times
In the document ... important figures in the law on financing the fiscal deficit that reached Parliament today
  
{Baghdad: Al Furat News} A copy of the fiscal deficit financing law that reached Parliament today, Sunday, revealed important figures.

According to a document from the draft law, the Euphrates News Agency obtained a copy of it. The federal budget revenues for the last four months of this year were estimated at 19 trillion and 719 billion and 483 million and 139 thousand dinars.
The export of crude oil was calculated - during this period - on the basis of an average price of 40.51 dollars per barrel, and an export rate of 3 million 332 thousand and 73 barrels, including 250 thousand barrels for the quantities of oil produced from the Kurdistan region, based on the price of 1182 dinars per dollar.
The transcript indicates that Kuwait's compensation estimates are 531 billion 584 million and 494 thousand dinars.
As for the estimates of the remaining licensing contracts for foreign oil companies, 5 trillion, 6 billion and 282 million dinars.
 The Parliamentary Finance Committee announced today, Sunday, that the Council of Ministers has sent a bill to bridge the fiscal deficit to Parliament, indicating that "the law stipulates that Iraq needs to borrow 41 trillion dinars for the last four months of this year.
" It will enable the government to bridge the fiscal deficit by resorting to borrowing, "noting that" the bill to bridge the fiscal deficit will be a substitute for the 2020 budget. "
It is reported that the Speaker of the House of Parliament Muhammad al-Halbousi said in the parliament session yesterday that" if no governmental request for legislation reaches the House of Representatives. A law that strengthens the government’s budget to fulfill its obligations before citizens. A letter amending a borrowing law did not want it.
He added that "the House of Representatives returned the budget law and it was withdrawn, on the same day, to make amendments to it," noting that "the parliament is waiting for the government to send to the parliament a draft law that enhances government revenues to enable it to fulfill its obligations before citizens."
Ammar Al-Masoudi

https://alforatnews.com/news/بالوثيقة-أرقام-مهمة-في-قانون-تمويل-العجز-المالي-الذي-وصل-البرلمان-اليوم

  • Upvote 1
Link to comment
Share on other sites

In the document ... Parliamentary Finance addresses the General Secretariat of the Council of Ministers regarding amending the retirement law

 
October 11, 2020
    38
%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%

And brother of Baghdad

The Parliamentary Finance Committee addressed the General Secretariat of the Council of Ministers to express its opinion on the proposal of the Second Amendment Law of the Unified Retirement Law No. 9 of 2014, as amended, as it includes financial implications, so that the procedures of its legislation can be completed.

The new amendment proposal includes the cancellation of the previous amendment to the Unified Pension Law that reduced the retirement age from 63 years to 60 years, and in the event that the new amendment law proposal is approved, the retirement age will return to what it was previously, which is 63 years.

https://khabaar.press/archives/76330

Link to comment
Share on other sites

AL-KAZEMI MEETS WITH A NUMBER OF MINISTERS AND OFFICIALS TO DISCUSS REMEDIES FOR UNEMPLOYMENT AND YOUTH EMPLOYMENT

 

 

Al-Kazemi meets with a number of ministers and officials to discuss remedies for unemployment and youth employment

SHARE ARTICLE:

 
 

Baghdad / National News Center _

Today, Sunday, the Prime Minister, Mustafa Al-Kazemi, chaired a meeting that included a number of ministers and government officials, which was devoted to discussing unemployment treatments and securing job opportunities for young people, as well as developments in the general situation.

Al-Kazemi affirmed the government's determination to find effective solutions to the current crises, and its emphasis on the importance of confronting all financial, economic and epidemic challenges in a way that secures Iraq overcoming these crises and turning them into focal points for reform and development.

The Prime Minister added that the solutions must be realistic, practical and applicable, as previous poor planning has accumulated, which burdened the state apparatus with major problems that need treatments and continuous work to change the wrong situation that the state is currently working on.

The meeting witnessed the presentation of a number of proposals related to loans and job creation in the private sector. The youth employment project and ways to provide support for this vital segment were also discussed, in addition to the reforms in the white paper.

The meeting was attended by the ministers of oil, finance, planning, and higher education, the Governor of the Central Bank, the President of the Federal Service Council, as well as the Director of the Office of the Prime Minister and the Secretary General of the Council of Ministers.

https://nnciraq.com/42661/

 

  • Upvote 2
Link to comment
Share on other sites

Iraq .. Expectations of a possible decrease in the value of employee salaries and a warning of 4 serious repercussions

The economist, Abdul Rahman Al-Mashhadani, said, Saturday, October 10, 2020, that converting the exchange rate from the dinar to the US dollar is a natural step for most countries that witness political, security and economic turmoil.

Al-Mashhadani said in an exclusive interview that “recent government statements have focused heavily on the move to change the exchange rate, because this will reduce the value of the Iraqi dinar and provide the government with additional revenues as a result of receiving oil revenues in US dollars and then sell them to the Central Bank to get the Iraqi dinar to pay Salaries of employees and retirees ”.

He added that "this step has negative effects on the other hand, as the salaries of employees will decrease by the increase, and this means that the employee who receives $ 1000, his salary will be $ 800, and this will affect the real income of individuals."

Al-Mashhadani continued, "The second negative matter is by step changing the exchange rate, as the prices of imported goods will rise, especially since Iraq relies heavily on import to cover the needs of the local market, and this will affect the purchasing value of the individual."

He pointed out that "the failure to study the step of changing the exchange rate of the dollar will greatly mislead society, and will lead to an increase in crime, extortion, and even kidnappings, as well as the expansion of the poverty line in society and may reach more than 70% of the total number of citizens."

A member of the Parliamentary Finance Committee, Representative Jamal Cougar, commented on Thursday (10/8/2020), according to what was reported by some media regarding the existence of an intention by the Ministry of Finance to change the exchange rate of the Iraqi dinar against the US dollar, between the central bank’s position on going towards This option.

Cougar said in an interview that he “has not seen the (reform paper), which is supposed to be presented by the Minister of Finance yet,” and he does not have any information if it includes the change of the Iraqi dinar exchange rate against the dollar.

Cougar added, "The Parliamentary Finance Committee held an extended meeting with a delegation with the Central Bank earlier, and was strongly opposed to any attempt to reduce the exchange rate of the dinar against the dollar, while he presented a scientific study to show his view of the negatives accompanying any step in this direction."

He explained, "The study confirmed that the move to change the exchange rate will lead to reducing the salaries of employees, which leads us to inflation and higher prices."

He pointed out that "the people most affected by any change in the exchange rate are those with limited income."

Cougar added, "The Central Bank, as an independent institution, is the one responsible for the issue of raising the exchange rate of the dinar, and we do not know if the Minister of Finance actually had such a direction, and what is the basis and study that he adopted in his choice."

He continued: "But we will wait for the reform paper, and we will see what it contained in terms of solutions to the Iraqi economic and financial file."

Cougar pointed out that "the current problem is not knowing the true size of the revenues that are supposed to enter the state treasury from internal resources at various addresses, and what is the actual waste rate", pointing out that "what goes into the state treasury is not equivalent to 7% of the sums supposed to be achieved, while the rest of the money goes Into the pockets of the corrupt.

http://www.sotaliraq.com/2020/10/10/العراق-توقعات-بانخفاض-محتمل-بقيمة-روا/

  • Upvote 1
Link to comment
Share on other sites

8 minutes ago, Mary B said:

Iraq .. Expectations of a possible decrease in the value of employee salaries and a warning of 4 serious repercussions

The economist, Abdul Rahman Al-Mashhadani, said, Saturday, October 10, 2020, that converting the exchange rate from the dinar to the US dollar is a natural step for most countries that witness political, security and economic turmoil.

Al-Mashhadani said in an exclusive interview that “recent government statements have focused heavily on the move to change the exchange rate, because this will reduce the value of the Iraqi dinar and provide the government with additional revenues as a result of receiving oil revenues in US dollars and then sell them to the Central Bank to get the Iraqi dinar to pay Salaries of employees and retirees ”.

He added that "this step has negative effects on the other hand, as the salaries of employees will decrease by the increase, and this means that the employee who receives $ 1000, his salary will be $ 800, and this will affect the real income of individuals."

Al-Mashhadani continued, "The second negative matter is by step changing the exchange rate, as the prices of imported goods will rise, especially since Iraq relies heavily on import to cover the needs of the local market, and this will affect the purchasing value of the individual."

He pointed out that "the failure to study the step of changing the exchange rate of the dollar will greatly mislead society, and will lead to an increase in crime, extortion, and even kidnappings, as well as the expansion of the poverty line in society and may reach more than 70% of the total number of citizens."

A member of the Parliamentary Finance Committee, Representative Jamal Cougar, commented on Thursday (10/8/2020), according to what was reported by some media regarding the existence of an intention by the Ministry of Finance to change the exchange rate of the Iraqi dinar against the US dollar, between the central bank’s position on going towards This option.

Cougar said in an interview that he “has not seen the (reform paper), which is supposed to be presented by the Minister of Finance yet,” and he does not have any information if it includes the change of the Iraqi dinar exchange rate against the dollar.

Cougar added, "The Parliamentary Finance Committee held an extended meeting with a delegation with the Central Bank earlier, and was strongly opposed to any attempt to reduce the exchange rate of the dinar against the dollar, while he presented a scientific study to show his view of the negatives accompanying any step in this direction."

He explained, "The study confirmed that the move to change the exchange rate will lead to reducing the salaries of employees, which leads us to inflation and higher prices."

He pointed out that "the people most affected by any change in the exchange rate are those with limited income."

Cougar added, "The Central Bank, as an independent institution, is the one responsible for the issue of raising the exchange rate of the dinar, and we do not know if the Minister of Finance actually had such a direction, and what is the basis and study that he adopted in his choice."

He continued: "But we will wait for the reform paper, and we will see what it contained in terms of solutions to the Iraqi economic and financial file."

Cougar pointed out that "the current problem is not knowing the true size of the revenues that are supposed to enter the state treasury from internal resources at various addresses, and what is the actual waste rate", pointing out that "what goes into the state treasury is not equivalent to 7% of the sums supposed to be achieved, while the rest of the money goes Into the pockets of the corrupt.

http://www.sotaliraq.com/2020/10/10/العراق-توقعات-بانخفاض-محتمل-بقيمة-روا/

What a great and very telling article... Everyone is so focused on the dinar losing value, causing inflation, people earning less, things costing more, sending poverty to 70%, that nobody is even considering an RV or RI which would have the opposite effect for everything.. it truly will be a “SURPRISE!!!!” Moment when it happens soon..

  • Like 1
  • Thanks 1
  • Upvote 2
Link to comment
Share on other sites

Al-Mousawi: Al-Kazemi should bear the consequences of the Sinjar agreement, and the country will be drawn into unfortunate consequences

 
October 11, 2020
    53
%D8%AC%D9%88%D8%A7%D8%AF-%D8%A7%D9%84%D9

And brother of Baghdad

The deputy for the Alliance of Jawad Al-Mousawi said today, Sunday, that Prime Minister Mustafa Al-Kazemi signed again in hasty and ill-considered decisions, the last of which is the Sinjar agreement that may drag the country into unforeseen matters that Al-Kazemi, who concluded this ambiguous agreement without referring to the House of Representatives or the representatives of Sinjar In Parliament, there are Arab representatives who rejected this agreement altogether.
Al-Mousawi stated in a statement that “Khabar Press” received a copy of it, “This step will aggravate the situation in this district, which most of its citizens were displaced as a result of the terrorist ISIS’s entry earlier in Nineveh Governorate, and it was better for Al-Kazemi to search for a solution that would satisfy all parties and return the displaced to their areas of residence. And that the agreement between him and the Kurds is not limited to the fact that this judiciary includes many nationalities and religions that have the right to choose their fate, indicating that the possession of land there should be limited to the Iraqi army only, in order to keep this city away from the national and sectarian entrenchment.

Al-Mousawi was surprised by the provisions of this vague agreement that was not presented to the House of Representatives to know its content, and this has raised concerns among several parliamentary circles, which will take place after this agreement and may be a justification for other problems related to many disputed areas.

https://khabaar.press/archives/76336

Link to comment
Share on other sites

Deputy: returning the Peshmerga to Sinjar and the Nineveh Plain may lead to a strife between the components

 
October 11, 2020
    43
%D8%A7%D8%A8%D9%88%D8%A7%D9%84%D8%AC%D9%

And brother of Baghdad

A member of the Iraqi Parliament, Representative Uday Shaalan Abu Al-Jon, said today, Sunday, that the Sinjar agreement, which includes the return of the Peshmerga to Sinjar, is an ill-considered decision and may lead to results that are difficult to control.

Abu Al-Jun said in a statement issued by his media office that “Habr Press” received a copy of it, “The recent agreement is that the Peshmerga is the one who withdrew from the Nineveh Plain and Sinjar without the knowledge of its residents, which allowed the entry of ISIS and that was a calamity and a heinous crime against the Yazidis,
indicating that this agreement may be It may be a gesture to feel the pulse in preparation for the return of the Peshmerga to Kirkuk in the coming days. What we consider dangerous steps, and the government must know our position on our refusal to make concessions to one component at another expense

Abu al-Joon asked about the reasons that prompted the government to communicate with the Sinjar agreement with the Kurdistan region’s administration, while the national and moral duty required investigation and the region’s issue of oil revenues during the past 10 years.

https://khabaar.press/archives/76325

Link to comment
Share on other sites

Parliamentary law gathers blocks "tomorrow" regarding the distribution of electoral districts

Editing date: 11/10/2020 21:17  66 times read
[Baghdad-Where]
The Parliamentary Legal Committee will meet with the blocks tomorrow, Monday, regarding the distribution of electoral districts.
The committee said today that it "decided to address the parliamentary blocs for the purpose of holding an expanded meeting tomorrow, Monday, to hear their proposals regarding the distribution of electoral districts."

She added, "The meeting, which was held at the headquarters of the committee, in the presence of a number of representatives of different parliamentary committees, discussed the mechanism of distributing electoral districts and the number of districts in each governorate, and the committee listened to the opinions and proposals of the women and representatives, stressing the need to continue discussions on the subject until coming up with a final formula that meets the aspiration of the Iraqi street.
Link to comment
Share on other sites

The Minister of Foreign Affairs confirms that the government has taken security and regulatory measures for the work of diplomatic missions

The Minister of Foreign Affairs confirms that the government has taken security and regulatory measures for the work of diplomatic missions

Written by: saadat: October 11, 2020In: Iraq Newsno comments

Al-Noor News / Baghdad
, Foreign Minister Fouad Hussein confirmed today, Sunday, that the government has taken security and organizational measures for the work of diplomatic missions in Iraq.

A statement of his office, which "Al-Nour News" received a copy of, stated that "Foreign Minister Fuad Hussein met with the British ambassador to Iraq, Stephen Hickey, and discussed the subject of the upcoming visit of the Prime Minister to Britain and the most important files of interest."

The minister emphasized, "The government has taken a number of security, technical and organizational measures to create a suitable environment for the work of all missions in Baghdad."

The statement indicated, "The two sides discussed developments in the region and the world that enjoy common interest."

http://alnoornews.net/archives/274532/وزير-الخارجية-يؤكد-اتخاذ-الحكومة-إجرا/

  • Thanks 1
Link to comment
Share on other sites

Al-Kaabi: The government began implementing the region's demands through the Sinjar Agreement

08:40 - 10/12/2020
 
  
%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF.jpg

The information / private
political analyst Saad Al-Kaabi said that the Sinjar agreement granted this region to the Kurdistan government, and it may be a deal to obtain political gains to support Al-Kazemi in the upcoming elections.
Al-Kaabi said to "the information", that "Al-Kazemi's visit to the region a few days ago began to show its results on the ground. Whoever ignores the issue of border crossings and revenues that the region must hand over to Baghdad, to the Sinjar agreement that would grant this space to the region."
He added, "The agreement would cancel the presence of the PKK in Sinjar. However, although it might prevent the Turkish attacks on this region, it would give the Kurds more influence as well as obtain electoral gains in Sinjar."
And that "this agreement may be wrapped in a political deal through which the Kurds get their desire and an increase in the number of their seats in Parliament, as well as support for Al-Kazemi to reach power again, at a time when the Kurds consider themselves the egg in the complex political equation." 25 n

https://www.almaalomah.com/2020/10/12/499533/

 

Link to comment
Share on other sites

Sunday 11 October 2020 | 06:29 pm
| Views: 121
Does the financial crisis affect the holding of early elections ... Al-Kazemi's advisor reveals!

irq_1255064006_1602430160.jpg&max_width=300

On Sunday, the Advisor to the Prime Minister for Elections Affairs, Abdul Hussain Al-Hindawi, ruled out the possibility that the financial crisis in the country will affect the holding of early elections as scheduled .

Iraq, the owner of the rentier economy, is facing a financial deficit due to the drop in crude oil prices in the global markets due to the outbreak of the Corona virus, and the crisis has affected the salaries and entitlements of workers in the public sector, whose numbers are estimated in the millions, to delay payment beyond its usual dates .

Al-Hindawi said, "The date set in principle for early elections is 6/6/2021, and there are special financial allocations and allocations for these elections," indicating that "these allocations are scheduled in advance and the Iraqi government will provide all needs, especially financial, and it has given instructions to the Ministry of Finance to provide these." Money . "

And he added, "There is a financial balance in advance for the purpose of holding the elections," noting that "the financial crisis will not be an obstacle to holding early elections in Iraq, which will take place on the specified date ."

The Iraqi Prime Minister, Mustafa Al-Kazemi, announced that the parliamentary elections will take place on June 6, 2021, pledging to provide international monitoring of the electoral process.

Al-Kazemi’s announcement of the election’s date was greeted with an international welcome and a pledge of support and work on its success. However, the positions of the political blocs are still vague and divided about the date and the mechanisms for holding the elections.

https://aynaliraqnews.com/index.php?aa=news&id22=139671

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.



  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.