Canceling The Currency Auction, Reducing Borrowing, And “Isolating” The Central Bank’s Reserves ... The Most Important Thing For Hard Currency In The 2021 Budget !

[horsesoldier]

“ . . . solve the FABRICATED problems between Arabs & Kurds “

this particular portion of his statement speaks volumes to the last 18 years of this Rodeo.

 

Well, someday they’ll get their poop in a group and we’ll all be hopping and skipping down the Yellow Brick Road.

Until then,  

 

[DinarThug]

LINK

The Minister of Oil announces the freezing of the pre-payment agreement for the sale of crude oil

 

 

22nd February, 2021

 

Iraqi Oil Minister Ihsan Abdul-Jabbar announced, on Monday, that the pre-payment agreement for the sale of crude oil, which began about two months ago, has been frozen

"Iraq decided to freeze the pre-payment agreement for crude oil, which was aimed at boosting its revenues due to improved crude prices and the stability of its market," Abdul Jabbar said in a televised interview

He added, "With the beginning of this year and the economic stability resulting from the stability of oil prices, we decided to freeze this attempt and freeze this option, and we have not done it until today

[DinarThug]

LINK

A Kurdish leader announces a condition for handing over the region's oil to Baghdad and approving the budget

 

02/21/2021 23:11:25

 

 

 

The leader of the Patriotic Union of Kurdistan, Mahmoud Khoshnao, announced a condition for the delivery of the region's oil to Baghdad and the approval of the federal budget for 2021.

Khoshnaw said to the "Aalimutara" program broadcast by the Al-Furat satellite channel this evening that "oil cannot be delivered to SOMO without the presence of a Kurdish representative in accordance with the Iraqi constitution," indicating, "The dispute between Baghdad and Erbil is not limited to the oil and energy file, but rather to many files." He called for "adopting the constitution as a basis for dealing between the center and the region, completing the system of government in Iraq and ending the negative influence that will cast a positive delusion on the understandings."

Khoshnaw stressed, "The need for tremendous efforts and national will to reach a radical solution after zeroing and settling crises. 
Going to legislate the oil and gas law will end the energy crisis in Iraq." 

 

He pointed out, "the instability of the political process throughout Iraq, the exclusion of negative influences, and the imposition of political will that will end the approval of the budget law, especially since there is a suitable atmosphere to meet Baghdad and Erbil, resolve disputes and end the opponent’s address and rule through the constitution.

Khoshnaw added, "The effective presence of the Kurdish negotiating delegation is in good progress and has made important strides in all articles, including the budget. Therefore, there must be a political agreement before passing the draft budget law in the midst of a flexible political environment to overcome crises." 

He stressed, "The necessity of adopting the foundations adopted by the family to al-Hakim and the political hawks to complete the government system; however, there is fear that there will be a change in the political system from within and some losing their influential positions." He added, "The Kurdistan region is not stubborn and showed goodwill, and Baghdad has broken its promises, and the federal and local governments are responsible for the deterioration of services in the central and southern governorates and the injustice that has befallen Basra Governorate."

Khoshnaw concluded, "The Kurdistan region’s share of the federal budget per month is one trillion dinars,"usually fairness to all Iraqi cities, "stabilizing the political system and the country," adding, "We are looking for participation, not partnership, so if it is found, we will go towards it."

[DinarThug]

On 2/19/2021 at 11:49 PM, DinarThug said:

Mazhar Saleh: Iraq is on the brink of economic recovery

Saturday 20th February 2021

 

 

Haghdad: Shaima Rasheed 

 

 

Advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that Iraq is on the brink of economic recovery, indicating that the Supreme Committee for Reform has important decisions to advance the public and private sectors.

In an interview with Al-Sabah, Saleh explained that Iraq is currently on the edges of economic recovery in two areas. The first is that there is a tangible agricultural boom that will achieve growth in non-oil GDP in the year 2021 by more than 4%, which is one and a half times higher than the growth Almost the population, and the second scope is the boom in the energy demand sector in the world. Oil prices have gradually recovered, which is a positive sign and strengthens the country's overall financial capacity.

Saleh stressed the need to deal with this matter with great caution, by laying a foundation for sustainable development and reducing economic shocks, and pointed out that the international community supporting Iraq through the International Financial Alliance team that was established months ago expressed its desire to support system" rel="">support the established principles of sustainable growth in the national economy. It was also expressed in the white paper recently approved by the Council of Ministers by establishing a blueprint and an institutional entity (for economic reform), which is the linchpin of this developmental sustainability.

He added that the formation of the Supreme Committee for Reform, which will have decisive and radical executive decisions to promote productive, investment and operational activity in the public and private sectors, will be supported by a large international presence represented by international multilateral financial institutions and the Group of Seven major industrialized countries, pointing out that the availability of national and international will will be embodied in participation in reconstruction. 
Establishing the country's reform and transformation team from (crisis economy) to (construction economy and sustainable development), to be the cornerstone of the economic transition for development.

LINK

 

LINK

Parliamentary Finance: Two options for financial abundance from increasing oil prices
 

 

02/22/2021 10:37:57

 

A member of the Parliamentary Finance Committee, Sherwan Mirza, affirmed that the financial increase or abundance from the high oil prices will be used to fill the deficit or go as a supplementary budget.

Mirza told {Al Furat News} that "the price proposed by the government for a barrel of oil is 42 dollars, and after the recent adjustments that we have made, the price has become 45 dollars per barrel."  He added, "The $ 45 is a small price compared to the current price, but it is considered a conservative price because we do not know what will happen in the coming months."  A member of the Finance Committee stated that "the price was proposed by experts in the Ministry of Oil and the National Oil Company {SOMO}".  Mirza added: "If there is an increase or a financial abundance due to the high price of oil, it can be used to fill the deficit or as a supplementary budget."

The advisor to the Prime Minister, Mazhar Muhammad Salih, had confirmed earlier that Iraq is on the edges of economic recovery, and said, “Iraq is on the edges of economic recovery at the present time in two areas. The first is that there is a tangible agricultural boom that will achieve growth in non-oil GDP in 2021 by about More than 4%, which is about one and a half times higher than the population growth, adding that "the second scale is the boom in the energy demand sector in the world. Oil prices have gradually recovered, which is a positive sign and strengthens the country's overall financial capacity." Saleh stressed "the necessity of dealing with this matter with great caution, by laying a basis for sustainable development and minimizing economic shocks." 

[DinarThug]

LINK

The Council of Ministers forms a committee to study the consequences of changing the price of the dollar

 

 

 

 02/22/2021 14:36:26

 

The Council of Ministers decided to form a committee to study the consequences of changing the currency exchange rate, and to propose the required solutions as far as investment projects are concerned.

The committee is chaired by a representative of the Ministry of Planning, and its membership includes, in addition to the General Secretariat of the Council of Ministers, representatives of the ministries (Finance, Construction, Housing, Public Works and Municipalities, and Electricity) as well as the National Investment Authority, the Central Bank of Iraq and the Iraqi Contractors Union.

The decision stipulated that the committee would submit its recommendations within a working month to the Council of Ministers.

 

############

A governmental committee to study the effects of changing the currency exchange rate  LINK

[DinarThug]

The exchange of the dollar into two prices, starting from 120 up to 145 thousand: a "new plan" that must be implemented to end the crisis in Iraq.

 

2021-02-22

 

 

 

Yes Iraq - Baghdad

 

It seems that talking about the exchange rates of the dollar and its disparity will not end except with the approval of the general fiscal budget 2021 to serve as a fixed constitution on which things are going in the future until the new budget for next year.

Economic analyst Mustafa Sanad, in a blog post on social media and monitored by "Yis Iraq", says that when the Central Bank’s sales decreased from $ 170 million to $ 3 million per day, within a month, imports did not stop, and the reliable story was that imports were covered. Of the dollars in the possession of citizens, groups and individuals outside the banking cycle, meaning that the role of banks that used to buy dollars from the central bank for the purpose of financing imports was a mere formality and it could be dispensed with.

Regarding the alternative, Sanad explains: The alternative is to activate the stock market, and the most successful ways are by contracting with an electronic cash company to implement an electronic market program for the dollar. The Securities Commission (instead of the Central Bank) sells the dollar in a manner available to all, and the possibility is citizens, banks, or suppliers Buying directly through a mobile application with a click of a button, transferring the account, and citizens can also buy each other or put the dollar for sale without intermediation and a price difference, so the market within this screen that brings together sellers and buyers creates an equilibrium price for the dollar, provided that the Commission determines two prices When starting to sell, the lowest price (1200) and the highest price (1450), and you start with the lowest price up.
Thus, we are deporting the central bank from a task that is not one of its tasks, which is the currency auction and the direction to achieve economic stimulus and the exercise of its primary role in monetary policy.

A bond is raised, asking how the state can finance its cash deficit if it sells dollars at a price less than 1450?
Answer: Since the state aims to finance 22% of dollar sales by raising the price from 1190 to 1450, the Ministry of Finance can be strengthened with 22% of new payment methods, pumped every month with government spending, this monetary increase contributes to raising the price of the dollar gradually without interference The state, through market mechanisms, supply and demand and increase the demand for the dollar against the limited supply of it, so the dollar gradually rises as it rose 6 months ago (before the exchange rate changed).
However, this increase does not affect the citizen’s purchasing power, as he is compensated by additional means of payment that ensure that economic activity or the citizen’s inability to purchase daily commodities will not stop, so the economic cycle continues to rotate, the state funds its deficit, and the dollar reaches its real, undistorted price.

Regarding the segments covered by the stimulus, the economic analyst answers that the segments affected by the embargo, injustice, lack of access to work and the entitlements of farmers, contractors and owners of locally produced projects, with no prejudice to the salaries of employees and retirees, but goes beyond the matter to raise the salaries of low-income brackets, indicating that the nature of these means of payment, Money will be of different liquidity, and the state controls the degree of its liquidity and manipulates it according to market readings (inflation or deflation), concluding that these are code-breaking ideas that I give free to decision-makers.

A member of the Parliamentary Legal Committee, Representative Hussein Al-Oqabi, revealed that there was a majority in favor of keeping the dollar exchange rate at 1450 dinars.

In a statement monitored by Yass Iraq, Al-Oqabi said, "We are still pressing for the return of the dollar’s exchange rate to its previous position, or the pursuit of a middle settlement, especially since there are parliamentary parties who are adherent and convinced of the new exchange rate at 1450 dinars per dollar."

He pointed out that "the current efforts by a parliamentary grouping pay for the exchange rate to be at 1250-1300 dinars per dollar, but the matter has difficulties."

Al-Uqabi added, "The parliamentary majority adheres to the new dollar exchange rate, with government conviction in this direction, but we still have some time, but we are exerting pressure to reconsider the exchange rate or push to find compromises because the current price has caused an increase in prices in the Iraqi market by a percentage." 30% ”.

And he continued, "There is indeed a parliamentary struggle between two parties about the matter between those who stick to the exchange rate and those who want to return it to its previous position."

He pointed out to "other representatives to find an equation that contributes to alleviating harm to large segments of Iraqis and pushing to find convictions that contribute to changing the exchange rate by an amount that reduces the burden on the shoulders of the poor and simple people."

A member of the Parliamentary Finance Committee, Sherwan Mirza, confirmed that "the new dollar exchange rate has not been manipulated by the budget, given that the country's financial policy has been drawn to the price that was mentioned in the bill."

He emphasized that "Parliamentary Finance worked according to the powers granted to it to amend and replace some items in the budget and the exchange rate from the government's authority, and we do not think it intends to change it."

In turn, a member of the Parliamentary Economy Committee, Mazen Al-Faili, affirmed that "the surplus from the difference in the price of a barrel of oil can contribute to maximizing revenues and filling the current financial deficit."

He explained in a televised interview that "the price of a barrel that was proven in the budget amounted to $ 45 and the current price on the global market for Iraqi oil has reached $ 60, and this encourages going to a plan to reduce the exchange rate."

He added that "MPs proposed to go for an exchange rate estimated at 1300 dinars against the dollar, as a compromise. The proposal is before the government now and reduces its powers and can be fixed in the budget."

LINK

[DinarThug]

 

[DinarThug]

LINK

Al-Kazemi stresses the importance of expediting the adoption of automation and e-governance by all state departments and institutions

 

 

 

02/22/2021 16:32:53

 

 

The e-Governance Committee held its meeting, today, Monday, under the chairmanship of Prime Minister Mustafa Al-Kazemi.
 

According to the government statement, Al-Furat News received a copy of it, at the beginning of the meeting, for a comprehensive presentation of the electronic services that the committee is working on, and the importance of its contribution to keeping pace with global development by updating government mechanisms at work, as well as facilitating citizens' transactions and the contribution of these procedures to anti-Corruption.

Al-Kazemi praised the "efforts of the workers on the project", stressing the "importance of expediting the adoption by all state departments and institutions of automation and electronic governance procedures." "It is no longer acceptable for citizens to proceed in the same format that was adopted a century ago, and today we are in the year 2021," he added.

According to the statement, Al-Kazemi also learned about the electronic mechanisms that the Border Ports Authority had developed and entered into implementation, which effectively contributed to curbing smuggling and corruption, in addition to its contribution to maximizing government imports, protecting local producers and preserving consumer rights.

[DinarThug]

1 minute ago, DinarThug said:

Al-Kazemi stresses the importance of expediting the adoption of automation and e-governance by all state departments and institutions

 

 

02/22/2021 16:32:53

 

 

The e-Governance Committee held its meeting, today, Monday, under the chairmanship of Prime Minister Mustafa Al-Kazemi.
 

According to the government statement, Al-Furat News received a copy of it, at the beginning of the meeting, for a comprehensive presentation of the electronic services that the committee is working on, and the importance of its contribution to keeping pace with global development by updating government mechanisms at work, as well as facilitating citizens' transactions and the contribution of these procedures to anti-Corruption.

Al-Kazemi praised the "efforts of the workers on the project", stressing the "importance of expediting the adoption by all state departments and institutions of automation and electronic governance procedures." "It is no longer acceptable for citizens to proceed in the same format that was adopted a century ago, and today we are in the year 2021," he added.

According to the statement, Al-Kazemi also learned about the electronic mechanisms that the Border Ports Authority had developed and entered into implementation, which effectively contributed to curbing smuggling and corruption, in addition to its contribution to maximizing government imports, protecting local producers and preserving consumer rights.

 

LINK

Al-Kazemi rejects the routine procedures adopted in state departments a century ago

 

22nd February, 2021

On Monday, the Iraqi Prime Minister, Mustafa Al-Kazimi, strongly rejected the routine procedures in state departments, stressing the need to follow "automation" and "electronic governance."

Al-Kazemi's office said in a statement received by Shafaq News Agency, that “the e-governance committee held its meeting today, headed by Prime Minister Mustafa Al-Kazemi, indicating that the latter listened at the beginning of the meeting to a comprehensive presentation of the electronic services that the committee is working on, and the importance of its contribution to keeping pace with development the international community through modernizing government mechanisms at work, as well as facilitating citizen transactions and the contribution of these measures to combating corruption.

Al-Kazemi praised the efforts of the workers on the project, and stressed the importance of expediting the adoption of all state departments and institutions for automation and electronic governance procedures. He added: It is no longer acceptable for citizens' transactions to proceed in the same format that was adopted a century ago, and today we are in the year 2021.

During the meeting, he was also briefed on the electronic mechanisms that the Border Ports Authority had developed and put into effect, which effectively contributed to curbing smuggling and corruption, in addition to its contribution to maximizing government imports, protecting local producers and preserving consumer rights. 

[DinarThug]

Iraq freezes the pre-payment sale of oil and plans to cancel it

 

 

Baghdad Today- Follow up The Iraqi Oil Minister, Ihssan Abdul-Jabbar, announced that the prepayment mechanism, which the ministry decided earlier, had decided to freeze in order to provide financial liquidity after the collapse of global oil prices.

Abdul-Jabbar said in a statement to the BBC, yesterday and followed him (Baghdad today), that "Iraq tried to adopt a pre-payment mechanism for oil in order to benefit from it by providing the highest possible financial liquidity during the first months of this year."

He added, "Iraq was afraid that oil prices would not rise to more than $ 4, with fears of delayed approval of the federal budget." 

The Minister of Oil pointed out that "several engines prompted Iraq to announce a pre-payment mechanism for the first time in the country's history," noting that "Iraq decided to freeze this announcement and it has not been activated until now." 

And the National Oil Marketing Company, SOMO, announced last month that it had reached an agreement to export oil with a pre-payment mechanism. 

The company said, "Iraq got two billion dollars at zero interest with a premium over the price due to the prior sale," adding that "a Chinese company won the oil pre-sale contract." 

And she continued, "Most of the contracts indicate that the region's oil is sold at a price less than 6 to 9 dollars than what is sold through SOMO," indicating that "the quantities of oil exported from the region through the Turkish port of Ceyhan amount to 430 thousand barrels per day." 

The company indicated, "SOMO has the ability to absorb quantities of the region's oil for the purpose of export," saying that "the 2021 draft budget obliges the regional government to deliver 250 thousand barrels."

LINK

[gregp]

No more China. 

[Longtimelurker]

I like this

[Rochester]

55 minutes ago, DinarThug said:

Iraq freezes the pre-payment sale of oil and plans to cancel it

 

 

Baghdad Today- Follow up The Iraqi Oil Minister, Ihssan Abdul-Jabbar, announced that the prepayment mechanism, which the ministry decided earlier, had decided to freeze in order to provide financial liquidity after the collapse of global oil prices.

The company said, "Iraq got two billion dollars at zero interest with a premium over the price due to the prior sale," adding that "a Chinese company won the oil pre-sale contract." 

Oxford English Dictionary:

 

shanghai

verb [ T ]

   informal

 

UK 

 

 /ˌʃæŋˈhaɪ/ US 

 

 /ˌʃæŋˈhaɪ/

 

 

to force someone to do something or go somewhere:

The two groups were shanghaied into signing the agreement, despite their objections.

The homeless are being shanghaied off the streets in some cities.

[DinarThug]

LINK

Antoine: The government and parliament do not have a scientific vision of the budget

 

 

 

20:02 - 21/02/2021
 

 

The economic expert, Bassem Jamil Anton, confirmed, Sunday, that the current budget has no way to approve it except through a political settlement, and the only loser is the citizen.

"The political blocs, both in the government and parliament, do not have a professional and realistic perception of the current budget," Anton said in a statement to the "information" agency, indicating that "the citizen is the weakest link in this imbalance and will pay the price alone without obtaining an economic benefit as was expected from the budget." 

He added, "The talk about redrawing the digital budget map and replacing the exaggerated ones, as perceived by some blocks, cannot be done so easily as it needs joint conferences between the government and the central bank, and this needs more time than some imagine."

He explained, "The current budget is on its way to passing, but in the usual way, which is the political settlement and imposing wills between the political blocs and forces in the Iraqi arena."

He pointed out that "the lack of sales of the central hard currency, I said or almost non-existed because of the lack of confidence of currency dealers and dealers with the central current conditions." 

[Rochester]

Shanghai'd? No racism intended in my shanghai comment. It's a compliment. Fact is Chinese are unusually good at business, I know lots of them. The term Shanghai'd comes from British Empire in China, where the English quickly figured out they were often out smarted by the Chinese. Trump was the first American President in my lifetime to know this, from practical experience. that's why his daughter learned Mandarin. It's time for Americans to quit being so naïve about other countries and cultures.  For decades China took advantage of America on trade, racking up huge trade surpluses at American expense. American leaders dumbly sat by and did nothing, partly out of arrogance, thinking there is no way they were being outwitted.  Think again. Trump knew better because he did lots of deals there and won. The Iraqis know by now, they better be sharp in dealing with China, because China tried to hoze them. 

[DinarThug]

LINK

The Iraq Stock Exchange tops the Arab stock exchanges with the weekly trading index by 4.18%

 

 

23rd February, 2021 by Samir Al-Nasiri

 

According to the weekly bulletin issued by the Arab Monetary Fund, the Iraqi Stock Exchange topped the weekly trading index at the level of Arab stock exchanges, reaching 544.38 points, which confirms the improvement in some sectors such as telecommunications, industry and banking, which recorded ratios of 1.98%, 3.87% and 5.68% Respectively

It is noted from the analysis of comparisons with the Arab stock exchanges included in the weekly newsletter that the market may be issued for the second consecutive week and that there is a remarkable development in the activities of the Securities Commission and the Iraq Stock Exchange in its early activity for the year 2021 despite the complex conditions that the Iraqi economy is going through and the Iraqi Stock Exchange is contributing efforts It is exceptional in economic reform, stimulating and attracting investment, which is clear evidence that the authority and the market are working according to a carefully drawn strategy in support of our national economy and activating the white paper of reform programs and projects during the next three years

 

[DinarThug]

LINK

Al-Kazemi: The absurd missiles are an attempt to embarrass the government, and we will reach the perpetrators

 

 

 

02/23/2021 15:54:20

 

 

The Prime Minister, Mustafa Al-Kazemi, appreciated the general commitment of citizens to the health ban.

Al-Kazemi said during today's session of the Council of Ministers, "We evaluate highly the efforts of the institutions and state agencies that have contributed to its implementation," noting that "the escalation of this commitment will enable us to reduce the effects of the new and more dangerous strain of the epidemic." He pointed out that "pre-emptive operations against terrorism are continuing and escalating to eliminate the remaining terrorist holes and outposts." He continued, "We salute our heroic forces of all kinds as they are stationed day and night in pursuit of terrorist cells."

Regarding the repeated targeting of diplomatic missions in the Green Zone with missiles, most recently yesterday, Al-Kazemi said, "The land of Iraq will not be an arena for settling scores, and the absurd missiles are an attempt to impede the government's progress and embarrass it." However, he added, "But our security services will reach the perpetrators and they will be brought before public opinion." He pointed out that "weak souls have been awaiting the collapse of the economic situation since the months of October and last two, but government measures have enabled Iraq to cross this difficult stage in a wise manner."
 
He said, "After it was threatened with collapse, the foreign exchange reserves of Iraq began to rise, and it is expected to increase by nearly 4 billion dollars by the end of this month, since the reform measures started and the exchange rate changed." 

He continued, "As has been a significant reduction of corruption in the auction of the Central Bank, and we are working with thoughtful plans to revitalize the Iraqi economy and support the private sector and provide more job opportunities."

[DinarThug]

LINK

Legal expert: Increasing the price of the dollar violates the constitution that binds the government
 

09:20 - 23/02/2021

 

The legal expert, Ali Al-Tamimi, explained, on Tuesday, that the increase in the exchange rate of the dollar violates the constitution, which stipulates that the government must provide decent living for the citizen, pointing out that Parliament cannot reduce the exchange rate, but it can propose to return the budget to the government for the utmost necessity.

Al-Tamimi said in a statement to "the information", that "Article 62 of the constitution permits parliament, upon the arrival of the draft budget, to transfer between chapters and chapters as well as reduce the total amounts, and he may, when necessary, return them to the Council of Ministers and propose an increase in total expenditures."

He added, “Article 57 of the constitution requires the budget law to be legislated even if the legislative term ends. This means that Parliament cannot reduce the exchange rate of the dollar that was set in the budget, but rather .. Parliament can propose and return the budget to the Council of Ministers because of the absolute necessity for that. Because it violates Article 30 of the Constitution, which requires the government to provide decent living for people.

Al-Tamimi indicated that “Parliament faces a historical position as it represents the people in standing by the people and preventing the increase in the difficulty of living, and in the event that Parliament legislates the budget law, it is subject to appeal before the Federal Supreme Court according to Article 93 of the Constitution, as this contravenes Article 30 of the Constitution and Articles 23 and 26 Of the Charter of the International Covenant. 

[3n1]

2 hours ago, DinarThug said:

the constitution, which stipulates that the government must provide decent living for the citizen

 

hmmm maybe  legal expert, Ali Al-Tamimi is suggesting that iraq should have a market economy - jobs  , my first thought was kuwait , saudi arabia cradle to grave provisions for its citizens ........ we wait

[DinarThug]

LINK

A high-ranking Jordanian delegation arrives in Baghdad to discuss the implementation mechanisms of joint cooperation agreements

 

 

22nd February 2021

A high-level Jordanian delegation arrived in Baghdad on Monday to discuss mechanisms for implementing cooperation agreements and strengthening partnership between Iraq and Jordan.

A statement by the Ministry of Industry and Minerals, Mawazine News received a copy of it, stated that “the Minister of Industry and Minerals, Manhal Aziz Al-Khabaz, and the Minister of Construction, Housing and Public Municipalities, Nazin Muhammad Wos, received the Jordanian ministerial delegation that arrived in Baghdad on an official visit, pointing out that the delegation included the Minister of Public Works and Housing Yahya Al-Kasbi, Minister of Industry, Trade and Supply, Maha Ali, and a delegation from the Jordanian public and private sectors, in the presence of the scientific advisor to the Ministry of Industry and Minerals, Ammar Abdullah Al-Janabi, and the Ministry's advisor for development affairs, Qaiser Ahmed Al-Hashemi.

He added that the two sides will discuss bilateral relations, a number of common issues, and the agreed visit program, with the aim of crystallizing a number of projects, agreements and understandings in various fields, in addition to emphasizing the strengthening of the partnership between the two countries and the continuation of coordination and consultations on issues of common interest.

He indicated that the two sides will hold joint meetings and meetings in the presence of the Jordanian delegation and their counterparts from the Iraqi side to complete talks and steps to activate memoranda and cooperation agreements between the two brotherly countries.

He continued: Field visits will also be made to some industrial sites in addition to the meeting of the Jordanian delegation with the Prime Minister, Mustafa Al-Kazemi, in the presence of a number of ministers to support opportunities for economic integration between the two brotherly countries, indicating that the visit of the Jordanian delegation to Iraq comes within the framework of mutual visits, meetings and joint meetings of officials of both The two countries to enhance economic cooperation. 

[horsesoldier]

SOON

[JonnyV]

Your mare is gonna wash your horse mouth out if you keep saying that four letter word. 

 

[DinarThug]

LINK

Representative economy calls on the government to curb corruption in the sale of currency in private and governmental banks

 

24th February, 2021

 

Today, Wednesday, the Parliamentary Economic Committee called on the government to besiege the corruption in the sale of currency in private and government banks and force it to deal with the accuracy of electronics to reduce theft.

Member of the Deputy Committee, Nada Shaker Jawdat, said in a statement to "Tigris", "The government and the central bank should force private and governmental banks to take more accurate measures and dealings to reduce corruption in them."

She pointed out that "the suspicions in corruption, especially the sale of currency and the granting of bank bonds and guarantees, need direct electronic checking and an accurate and unquestionable accounting system.

"Delaying the use of modern systems contributes to the extravagance of billions annually due to corrupt funds, non-payment of borrowers, or transfer of hard currency to the black market without disbursing it according to the controls in place," Jawdat added.

[DinarThug]

LINK

In the document ... a deputy directs a question to the governor of the Central Bank regarding stopping the granting of licenses to electronic payment service providers

 

 

 

02/24/2021 12:32:49

 

 

Member of Parliament Jamal Al-Muhammadawi directed a parliamentary question to the governor of the Central Bank regarding the legal basis for granting the Ishtar Gate Company for systems and electronic payment services a license despite the existence of decisions to suspend licenses.

 

A document issued by the office of Representative Jamal Al-Muhammadawi revealed that "the board of directors of the Central Bank decided, according to two circulars dated (11/18/2018) and (1/16/2020), to stop promoting the granting of licenses to electronic payment service providers."

According to the document, "it was decided to extend the suspension by virtue of the bank’s management decision No. (33) for the year (2021), as per circular number (9/5/53) on (2/11/2021)."

The document included a question: “What is the legal basis under which the company (Ishtar Gate for Systems and Electronic Payment Services) was granted license No. (14) on 11/29/2020 despite the existence of decisions to stop granting licenses.

 

[DinarThug]

LINK

The Cabinet approves a draft law on protection for Corona vaccine companies and issues other decisions

 

 

 

02/23/2021 20:36:48

 

 

Tuesday, the Council of Ministers held a regular session chaired by Prime Minister Mustafa Al-Kazemi, during which the latest developments in the country were discussed, in addition to discussing the topics included in its agenda.

According to the government statement, Al-Furat News received a copy of it, at the beginning of the session, on "the efforts of state institutions and agencies that have contributed to implementing the curfew," Al-Kazemi praised the "general citizens who adhered to the health ban measures," stressing that "the escalation of commitment to preventive measures will enable us." Of reducing the effects of the new and more dangerous strain of the epidemic."

Regarding the security situation in the country, Al-Kazemi affirmed, "the continuation of pre-emptive operations against terrorism, to eliminate what remains of its remnants and to dry up its sources, praising the efforts of the heroic security forces of all kinds, which are linked day and night in pursuit of terrorist cells." As he stressed that "Iraq will not be an arena for settling scores, and that the absurd missiles are an attempt to embarrass the government and impede its progress, and that the security services will be able to reach the perpetrators and they will be brought before public opinion."
 
Al-Kazemi also stated that "weak souls have been awaiting the collapse of the economic situation since October and the second last; but government measures have enabled Iraq to pass this difficult stage in a wise manner." He explained that "the foreign exchange reserves of Iraq, after it was threatened with collapse, started to escalate, and it is expected that it will increase by nearly four billion dollars by the end of this month, since the start of the reform measures and changing the exchange rate, as has been a significant reduction in corruption operations in the Central Bank auction "However," the government is working with deliberate plans to revitalize the Iraqi economy, support the private sector and provide more job opportunities.

According to the statement, the Minister of Health and Environment presented a report on the developments of the work of the Committee to Promote Governmental Measures in the areas of prevention and control of health and awareness regarding limiting the spread of Coronavirus, and also reviewed the efforts of the Ministry of Health in facing the pandemic and continues awareness campaigns targeting citizens and urges them to adhere to preventive measures.

After the Council of Ministers discussed what is included in its agenda, it issued the following decisions:

First: Approval of the draft law on judicial protection for companies manufacturing Covid 19 vaccine and referring it to the House of Representatives based on the provisions of Articles (61 / Item First) and (80 / Item Second) of the Constitution .

Second: Approval of the Ministry of Health providing the vaccine from the Chinese company Sinopharm.

Third: Approval of increasing the capital of the General Company for North Electricity Distribution, one of the formations of the Ministry of Electricity, by an amount of (974109524557) dinars, only nine hundred and seventy-four billion one hundred and nine million five hundred and twenty four thousand five hundred and fifty-seven dinars, which represents the amount of the company’s capital increase approved by the Supervision Bureau Federal Finance, based on Article (10 / First / 1) of the Public Companies Law (22 of 1997) as amended.

Fourth / Approval of the following:

- Issuing instructions to facilitate the implementation of the provisions of the law to perpetuate the sacrifices of the war martyrs against ISIS terrorist gangs, to expedite the completion of their transactions, and to take careful care of the wounded, based on the provisions of Article (9) of the Law on Immortalizing the Martyrs of the War Against ISIS Terrorist Gangs and speeding up the completion of their transactions and care Al-Faeqiah Bal Wounded No. 81 of 2017.

- The issuance of the rules of procedure for the committee overseeing the implementation of the provisions of the Law to perpetuate the sacrifices of the martyrs of the war against ISIS terrorist gangs, accelerate the completion of their transactions and take care of the wounded No. (81 of 2017), based on the provisions of Articles (6 and 9) of the Law of Commemorating the Martyrs of War Against ISIS terrorist gangs Accelerating the completion of their transactions and taking careful care of the wounded No. 81 of 2017. Taking into consideration the opinion of the legal department in the General Secretariat of the Council of Ministers regarding the aforementioned rules and regulations.

Fifth: Approving the abolition of Paragraph (1) of Cabinet Resolution (92 of 2020), which includes selling barley for export purposes, and working with the rest of the paragraphs on fodder barley processing in support of livestock breeders.

Sixth: Approval of the Ministerial Council for Energy recommendation No. (27 of 2021) according to the following:

- Agreeing to extend contracts for the transfer of petroleum products to power plants ending on March 1, 2021, until April 30, 2021, to complete the new referral procedures, according to what was stated in the Ministry of Oil’s book No. (F / 120) on February 22, 2021.

Seventh: Approval of writing off an amount The remaining debts amounting to (16124500000) dinars, only sixteen billion one hundred twenty-four million five hundred thousand dinars, distributed to the employees of the Teachers Syndicate within the numbered plot (3 m 4 Northeastern Najaf Island), based on the provisions of Article (46) of the Federal Financial Administration Law No. (6 of 2016), and Clause 1 of Cabinet Resolution (28 of 2020).