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!

Oil announces the transfer of a copy of the oil and gas law to the Council of Ministers for approval


6ly410
 Share

Recommended Posts

PARLIAMENTARY FINANCE: A NEW AGREEMENT WITH THE KURDISH DELEGATION TO PASS THE BUDGET


Sunday, 21 March 2021 6:53 PM
 
Classification:  Iraqi
 
 
Parliamentary Finance: A new agreement with the Kurdish delegation to pass the budget
 

 

Private / National News Center

 

 

Today, Sunday, the reporter of the Finance Committee, Ahmed Al-Saffar, revealed a new agreement with the Kurdish delegation regarding Article 11, concerning the Kurdistan region, to pass the budget.

Al-Saffar said, in an interview with the "National News Center", that "the points that delayed approval of the budget for more than a month, are related to the shares of the provinces and the share of the region, and the new job grades.

He pointed out to "adding functional grades in the budget," indicating that "the fate of contracts and daily procedures is guaranteed."

Regarding the differences related to Article 11 related to the region, he said that “the agreement has been reached between the Kurdish delegation and the coordination framework, from the major Shiite and Sunni powers.
Give at least 250,000 barrels to Baghdad. ”

The House of Representatives set next Saturday as the date for voting on the budget law, after previous sessions failed to complete the quorum sufficient to pass it, following the withdrawal of the Kurdish blocs.

LINK

  • Thanks 3
  • Haha 1
  • Upvote 2
  • Pow! 1
Link to comment
Share on other sites

A DEPUTY CRITICIZES PARTIES FOR "CRYING" OVER A RISE IN THE EXCHANGE RATE OF THE DOLLAR: THIS IS WHAT YOU DO PRIVATELY

 

16E35FCC-7D4C-458B-B787-121C63C33B07.jpe

 

Sunday, 21 March 2021 10:59 PM Classification:  Iraqi SHARE THE ARTICLE 


Baghdad / National News Center - 

 

Today, Sunday, the representative of the Saeron Alliance, Ghayeb Al-Amiri, criticized parties and political blocs, saying that they are "crying" in public over raising the dollar exchange rate. 

Al-Amiri said, in an exclusive interview with the “National News Center,” that “Saireon was among the first to attend all sessions scheduled to vote on the budget.”

He added, "The session yesterday, Saturday, and after two months of discussions in the budget law, and the vote of representatives of all parties in the Finance Committee, surprised us with additional demands of some parties that began to bargain after entering the session, to add allocations to government institutions known for their party loyalty, or to invest this electorally through degrees and others." 

He pointed out that "each party wanted to impose its substance and pass its own interests," with the exception of the Saeroun bloc, which falls under its wing, which according to him "was present and ready to hold the session and took upon itself to approve a budget that serves the citizen and the state." 

He concluded by saying: "Others in the public cry over the exchange rate, and in private, they demand the passage of their own materials." 

The House of Representatives set, next Saturday, the date for the vote on the 2021 Budget Law, after it failed to complete the quorum necessary for this matter, due to the disagreement of the political blocs on the outcome of the Kurdistan region.

In the last sessions, the blocs moved on changing the exchange rate of the dollar, and differed in determining 1119 dinars per dollar, or 1125 dinars, while the Saeron bloc opposed this trend.

LINK

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

Our banks in the central official data

 

Monday 22nd March 2021

 

Samir Al-Nasiri

 

The Central Bank issued the financial data for the activities of government and private banks for the year ending 12/31/2020, and among the most prominent indicators, at the overall level, was the banking sector’s achievement of good annual business results in complex economic conditions, the spread of Corona and the economic closure, and a comprehensive and partial ban.
 

This is due to the strong commitment of the banks to implement the instructions of the Central Bank to continue daily work and provide banking services and products to the public and companies, in addition to its implementation of the Central's special initiatives in 2020 and the Central Bank's continuing to launch new initiatives in the fourth quarter of the year, and in 2021 to revitalize the economic cycle by activating and motivating banks to finance small projects And from the analysis of the indicators and comparing them to the year 2019 at the total level, it becomes clear that the capital of banks increased by 6 percent, deposits by 4 percent, and cash bank credit by 19 percent.

At the level of private banks, there has been a clear increase in the capital ratio by 8 percent and invested up to 76 percent of the total banking sector capital, an increase in deposits by 13 percent, and in cash credit by 16 percent, and the total assets have maintained their level as in a year 2019.


Also, the amounts of bad debts increased by 25 percent from last year due to non-commitment of some borrowers and delaying payment for the first months of last year in light of the Central Bank's decision to support borrowers due to the Corona pandemic.


From the analysis of data in comparison between government and private banks,

the imbalance and large differences in the distribution of deposits,

cash and pledge credit, and assets still exist,

and the share of private banks for deposits is 13 percent,

for credit is 16 percent,

for total assets is 21 percent and for profits is 22 percent,

so the redistribution of powers and granting sufficient flexibility For private banks in a balanced way with government banks,

by activating the decisions to support private banks issued by the Council of Ministers and the previous Economic Affairs Committee,

and in addition to being an urgent requirement for private banks, 

 

the White Paper referred to it in the goals of reforming the banking sector,

which is to allow private banks to take their role As a lever for the economy and ending the role of government banks as an arm of finance Banker.

LINK

  • Upvote 4
Link to comment
Share on other sites

LINK

The budget parties are preparing for a new round of negotiations

 

1264.jpg

 

22nd March, 2021

 

It is hoped that a new round of negotiations will begin between the Shiite forces and a delegation from the Kurdistan region at the end of this week, in preparation for the presentation of the draft federal budget bill to vote next Saturday

Those parties are trying to settle their differences, which revolve around the settlement of financial dues between the two parties, and the mechanism for exporting oil

The recent agreement between the delegation of the Kurdistan region and the Shiite parties in Parliament included the delivery of 460 thousand barrels of oil per day to the National Marketing Company (SOMO), and then the recovery of 30 thousand barrels to cover domestic consumption and electricity production, as well as 180 thousand barrels to pay the costs of production and export, in addition to 20 one thousand barrels as petrodollars dues for the benefit of the region

Nada Shaker, a member of the Economy and Investment Committee in the House of Representatives, confirms that "the postponement of the vote on the draft federal budget law for 2021 until next week, due to differences between the delegation of the Kurdistan region and the political blocs and forces." The region’s share and the export of oil, money, dues and debts accumulated on both sides

The Presidency of the Council of Representatives decided to postpone the vote on the budget law until next Saturday after the collapse of the initial agreement announced on Friday between the Shiite parties and the Kurdistan region delegation regarding the passage of the draft budget. 

The differences between the political parties revolve around the text of the oil agreement concluded between the federal government and the Kurdistan Regional Government last December, included in Article 11 of the draft federal budget bill

Shaker adds that "a delegation from the Kurdistan region will arrive in Baghdad before the voting session on the budget in order to complete its dialogues with the parliamentary blocs in order to pass the budget by political consensus," expecting the two parties to reach an agreement on the differences

For his part, Jassim Al-Bakhati, a deputy from the Parliamentary Wisdom Bloc, confirms that "the political blocs agreed to continue negotiations with the Kurdish forces until an agreement was reached to end all the differences that impede the passage of the budget law in Parliament

The Shiite forces propose to abolish the first paragraph of Article (11) that calculates the dues of the Kurdistan region for the previous years from 2014 to 2019 despite not handing over the oil and non-oil revenues and obligating the region to hand over 460 thousand barrels per day to the SOMO company, and in the case of non-commitment of the region, the expenses of the region are not reimbursed. The violator of this text bears the legal responsibility. 

However, the Kurdish forces reject this proposal and insist on the need to adhere to the oil agreement signed with the government, which provides for the delivery of 250 thousand barrels and fix it in the budget with the settlement of the money owed by the government from 2014 until 2019

Al-Bakhati continues that "there are fragile paragraphs in the budget that need review and agreement, which concern the exchange rate of the dollar," noting that "the new price of the dollar was met with objections by the Iraqi street and even the majority of political forces. 

He pointed out that "there are political blocs demanding to reduce the price of the dollar from 1450 dinars to less than that in order not to harm citizens

The Al-Fateh Parliamentary Bloc called on the government to return the exchange rate to the old price of 1190 dinars, stressing that the only victim from the current price is the simple and poor citizen, and as for those who demand to raise the price, he is the one who benefits at the expense of the sustenance of the poor

For its part, the Finance Committee in the House of Representatives refuses to hold it responsible for making a decision to reduce the exchange rate of the dollar, and confirms that it is within the jurisdiction of the Central Bank, warning against taking such a step. 

Because it will be subject to appeal and it has been decided to increase the deficit by 20 trillion dinars, in addition to that it requires a complete reconsideration of the budget bill, indicating that relying on the rise in oil prices is not correct at the present time, and cannot be taken before six months of stability

The committee's rapporteur, Ahmed Al-Saffar, says that "the exchange rate of the dollar has been set in the draft budget at 1450 Iraqi dinars and cannot be reversed

Al-Saffar added, "Determining the exchange rate is the exclusive authority of the Central Bank of Iraq in accordance with the constitution and legislation in force, and the House of Representatives has no right to intervene in monetary policy. 

He pointed out that "the central bank is solely responsible for determining the monetary mass, the interest rate, the national currency, and other matters related to this issue

Al-Saffar stressed that "the House of Representatives has its powers known in the budget law, which is reduction and transfer, and it has no financial burden on the government without consulting with it and, and that "the signatures campaign that is conducted continuously by MPs for the purpose of raising the issue and discussing it, I find it, I believe, is not correct. Rather, it constitutes an infringement of the powers of the Central Bank

Al-Saffar believes that "the parliamentary move was supposed to take place before the exchange rate was officially changed, especially since the public opinion knew what the Central Bank intends to take early. 

He emphasized, "The current price was set in coordination with the International Monetary Fund and the World Bank, and through an agreement with the Ministry of Finance, where the budget was built on it. 

Al-Saffar went on to say that "making a representative decision to change the price will face difficulty, even as the pressure of expenditures and the development of new materials in this regard, will be subject to cancellation after being challenged before the Federal Supreme Court

For his part, a member of the committee, Representative Jamal Cougar, said, "The House of Representatives cannot restore the exchange rate to its previous state, but we do not want the street to understand that we are against the devaluation of the dollar compared to the Iraqi dinar. 

Cougar continued, "Parliament can not, no matter how many signatories to the reduction, to override its powers and override the decisions of the Central Bank.

He explained that "making an unconstitutional decision to return the exchange rate, and accepting it from the relevant authorities, means that we decide to increase the deficit of 22 trillion dinars, and this is against the improvement of the economic situation

Cougar stressed, "Iraq does not have the resources to cover the new deficit expenditures, especially since the total cash reserves present at the Central Bank at the present time is $ 20 billion, and we have been informed that it cannot help us with an amount of more than $ 8 billion. 

He continues, "The budget has been designed and distributed in terms of revenues and expenditures, on the basis of the current exchange rate, and changing it means a complete restructuring of the law

Cougar added, "The defenders of the idea of restoring the exchange rate are citing the rise in the oil market, and this is misplaced dependence, especially at the present time because we are not safe from a decline at any moment. 
 

He reported, "The current rise in the price of oil came after two decreases in quantities, the first of which was the outcome of the OPEC and (OPEC Plus) agreement of reducing each country by (20-22)%

Cougar said, "Iraq was to export 4 million and 300 thousand barrels, but according to the international agreement, the budget stipulated that the amount of exports is 3 million and 250 thousand barrels. 
 

He pointed out, "The second decrease in quantities is a decision that the Kingdom of Saudi Arabia has taken voluntarily by one million barrels, and when it retracts its decision, oil prices will decrease again. 

Cougar concluded, "that going to reduce the exchange rate must be preceded by stability in the oil market price, as it is now, for a period of not less than six months in order for us to have the financial capabilities through which we can deal with the deficit

  • Thanks 5
  • Upvote 2
Link to comment
Share on other sites

LATE CHANGE TO ERBIL-BAGHDAD DEAL THREW BUDGET AGREEMENT INTO DISARRAY: MP

2232021145713322021143211132202112234116
Flags of Iraq and the Kurdistan Region (File)

1 Hours Ago

https://nrttv.com/En/News.aspx?id=26970&MapID=2

 

SULAIMANI — Explaining to reporters how an apparent breakthrough in tense budget talks unraveled over the weekend, Rapporteur of the Council of Representatives' Finance Committee Ahmed Safar alleged on Sunday (March 21) that an additional section was added to the agreement reached between Erbil and Baghdad without the approval of the parties from the Kurdistan Region.

The deal had been that the Kurdistan Region would submit 460,000 barrels of crude oil per day to the federal government’s oil marketer SOMO in return for 12.67 percent of the federal budget, so that Kurdistan Regional Govern (KRG) could pay public sector salaries and fund other government programs.

In the event of a disagreement, the initial deal said that Baghdad would continue to send money for salaries as it had between January 2019 and April 2020, even if it penalized the KRG by cutting funding for operational expenditures.

The change altered this to say that Baghdad could cut transfers for salaries as well, which mirrors situation since April 2020, Safar told a press conference.

The Kurdistan Democratic Party (KDP) lawmaker said that the budget is meant to benefit the entire country, not just a group of party elites.

Safar also argued that problems between Baghdad and Erbil are not wholly responsible for derailing the budget vote, which had been scheduled for last week, saying that lawmakers from the Shia and Sunni blocs were unhappy about the devaluation of the Iraqi dinar and the budget shares allocated to their governorates. 

Council of Representatives lawmaker Muthanna al-Samarai on Sunday called on Parliament to deal with the Federal Budget Law “seriously” and hold a vote.

“Disagreements between the political blocs in the Council of Representatives is what is delaying the passage of the budget,” al-Samarai, who represents Saladin governorate for the Sunni bloc's Civil Track Party, said during a televised interview.

The vote on the budget has been postponed until March 27.

(NRT Digital Media)

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

LINK

The Central Bank adds a new feature to the Iraqi banknotes

 

11040.jpg             15179.jpg

 

22nd March, 2021

 

The Central Bank of Iraq announced, on Monday, that it has added a feature to protect banknotes from bacteria and viruses to the national currency 

The Central Bank said in a statement received by "Al-Eqtisad News", that it "added the feature of protecting banknotes from bacteria and viruses, including the Corona virus strain," indicating that the protected currency "will soon be put into circulation

They revealed that the currency had been added to "the biological pesticide developed by international companies specialized in printing banknotes in coordination with the competent authorities

  • Thanks 4
  • Upvote 2
  • Pow! 1
Link to comment
Share on other sites

LINK

The Central Bank of Iraq adds a new feature to Iraqi banknotes

image.jpeg.04f349884f07debb1dc1d00d97a61a82.jpeg
 

22nd March, 2021

 

The Central Bank of Iraq announced that it has added the feature of protecting banknotes from bacteria and viruses, including the CoronaT virus strain, which will soon be put into circulation, by adding the biological pesticide developed by international companies specialized in printing banknotes in coordination with the competent authorities.

The Central Bank of Iraq
   Information Office March
     22nd March  2022

##########

Iraq adds a new feature to banknotes .. What do they include? LINK

########

The Central Bank adds a new feature to the Iraqi bank

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

Iraq uses a feature for banknotes to protect against viruses

 

151604.jpg?watermark=4

 

356 Economie 2021/03/22 10:07 am 


Baghdad today - Baghdad 

 

Today, Monday (March 22, 2021), the Central Bank of Iraq announced the addition of a new feature to protect Iraqi banknotes from viruses and bacteria. 

The bank’s media office stated, in a statement received (Baghdad today), that it “added a feature to protect banknotes from bacteria and viruses, including the Corona virus strain, which will soon be put into circulation.” 

The statement added, "This is by adding the biological pesticide that has been developed by international companies specialized in printing banknotes in coordination with the competent authorities." 

On Tuesday (August 18, 2020), the Central Bank of Iraq called on citizens to "not hoard money in homes", and to deal with banks and financial intermediation companies during large cash exchanges, warning of the role of securities in transmitting viruses and bacteria, including Corona .

A statement by the bank said that it seeks, through these directives, to "preserve the money supply of citizens, avoid cases of theft and fraud, and promote counterfeit currencies." 

The bank stressed the need to reduce trade exchange in paper currencies, "which medical studies have proven to be an effective vector for viruses and bacteria, especially since the country is going through a crisis of spreading the Coronavirus." 

The Central Bank indicated that it adopts "mechanisms for the spread of financial inclusion in Iraq, which enhances the banking culture and the shift to monetary exchange through banking transactions with modern technologies and in all their forms."

LINK

  • Upvote 3
  • Pow! 1
Link to comment
Share on other sites

1 hour ago, DinarThug said:

LINK

The Central Bank adds a new feature to the Iraqi banknotes

 

11040.jpg             15179.jpg

 

22nd March, 2021

 

The Central Bank of Iraq announced, on Monday, that it has added a feature to protect banknotes from bacteria and viruses to the national currency 

The Central Bank said in a statement received by "Al-Eqtisad News", that it "added the feature of protecting banknotes from bacteria and viruses, including the Corona virus strain," indicating that the protected currency "will soon be put into circulation

They revealed that the currency had been added to "the biological pesticide developed by international companies specialized in printing banknotes in coordination with the competent authorities

Holly Shiite Clown Man!!!

  • Haha 1
Link to comment
Share on other sites

7 minutes ago, DinarThug said:

Iraq uses a feature for banknotes to protect against viruses

 

151604.jpg?watermark=4

 

356 Economie 2021/03/22 10:07 am 


Baghdad today - Baghdad 

 

Today, Monday (March 22, 2021), the Central Bank of Iraq announced the addition of a new feature to protect Iraqi banknotes from viruses and bacteria. 

The bank’s media office stated, in a statement received (Baghdad today), that it “added a feature to protect banknotes from bacteria and viruses, including the Corona virus strain, which will soon be put into circulation.” 

The statement added, "This is by adding the biological pesticide that has been developed by international companies specialized in printing banknotes in coordination with the competent authorities." 

On Tuesday (August 18, 2020), the Central Bank of Iraq called on citizens to "not hoard money in homes", and to deal with banks and financial intermediation companies during large cash exchanges, warning of the role of securities in transmitting viruses and bacteria, including Corona .

A statement by the bank said that it seeks, through these directives, to "preserve the money supply of citizens, avoid cases of theft and fraud, and promote counterfeit currencies." 

The bank stressed the need to reduce trade exchange in paper currencies, "which medical studies have proven to be an effective vector for viruses and bacteria, especially since the country is going through a crisis of spreading the Coronavirus." 

The Central Bank indicated that it adopts "mechanisms for the spread of financial inclusion in Iraq, which enhances the banking culture and the shift to monetary exchange through banking transactions with modern technologies and in all their forms."

LINK

Another invitation to 'digitize' those hoarded and potentially contaminated notes into crispy new ones or an electronic balance in an insured account with an accompanying bank card.

  • Upvote 1
Link to comment
Share on other sites

1 hour ago, DinarThug said:

protecting banknotes from bacteria and viruses, including the Corona virus strain," indicating that the protected currency "will soon be put into circulation

Does this protect against 3 zeros? Like in new notes (LD’s? ) 

 

I'm allergic to three zero notes....unless they go in my USD bank account with 3 zeros value. Then I’m good ☺️ 😂

 

10 hours ago, DinarThug said:

Jamal Cougar

Is this guy like the Iraqi version of John Cougar Mellencamp, 

 

“little ditty about Ali and Fatima, 

two Iraqi kids growing up in a Hot land”  😂

  • Haha 4
  • Upvote 2
Link to comment
Share on other sites

10 minutes ago, NEPatriotsFan1 said:

Is this guy like the Iraqi version of John Cougar Mellencamp, 


And What About Jamal Watermelon - Remember Him ? :o 

 

image.jpeg.ffd103652df94e72b56e9b9e3cc7da23.jpeg


Little Pink Watermelon Seeds For U And Me ...

 

:D  :D  :D 

  • Haha 6
Link to comment
Share on other sites

LINK

Applying due diligence towards executed remittances

 

image.jpeg.8d817ba83e7818b73d13a4bd28425b1f.jpeg

 

22nd March, 2021 


The Central Bank of Iraq invites all authorized banks, all non-banking financial institutions and all licensed electronic payment companies to raise the level of their procedures by applying due diligence towards the executed transfers by including (the purpose of the transfer , the nature of the relationship between the sender and the recipient ) in the above remittances information by them if they are agents of my company (Western Union) mother (Money Cram). (Money Gram sp)

  • Upvote 1
Link to comment
Share on other sites

30 minutes ago, gregp said:

Holly Shiite Clown Man!!!

 

22 minutes ago, Retiredofficer said:

This improvement reminds me the packaging that went into a 12 pack of Schlitz Beer.  
The quality of their packaging was a far  greater then the product it was protecting.   


:o 

 

image.jpeg.220aaed033e1e33d8f05be642a313c97.jpeg

 

:D  :D  :D 

  • Haha 2
  • Upvote 1
Link to comment
Share on other sites

LINK

Banking risk management training course

 

gTqrkyLm7FFE9svAbQ0UmlfwzrXwEcMc1Fcsv1yD

 

22nd March, 2021


The Central Bank of Iraq / Mosul branch organized a training course for banks operating in Nineveh Governorate for the public and private sectors under the title (Banking Risk Management). 

The course included a set of specialized topics, including the international standard for risk management ISO (31000) and the supervisory controls for combating money laundering and opening accounts according to the (KYC) form, as well as other topics. 
The course lasted for three days from 8 to 10 March 2021.


file-161640586541988.JPG           file-161640591824731.JPG

  • Upvote 1
Link to comment
Share on other sites

23 minutes ago, bkeiller said:

the Central Bank of Iraq called on citizens to "not hoard money in homes", and to deal with banks and financial intermediation companies during large cash exchanges, warning of the role of securities in transmitting viruses and bacteria, including Corona

 

this is pathetic , now to draw in the chunky 3 zero notes that are homebound staying quarantined from corona and not going out cbi is telling citizens they are infecting their homes with sick iqd ..

.. its sick all right sickly undervalued :rodeo:

  • Haha 1
  • Upvote 2
Link to comment
Share on other sites

LINK

Deputy: The price fever is consuming the simple people because of the rise in the dollar exchange rate

 

image.php?token=3bcc5677e9952fb95347d7c586de0799&size=
 

22nd March, 2021

 

Today, Monday, MP Mudhar Al-Karawi stressed the need to return the price of the dollar to what it was in order to avoid a humanitarian catastrophe, pointing out that the high price fever is consuming ordinary citizens. 

"The parliamentary trend is moving towards reducing the price of the dollar after collecting enough parliamentary signatures to end the obscene cost of living," Al-Karawi said in a statement to "Tigris".

He added, "Restoring the exchange rate of the dollar to its previous position will end an impending humanitarian disaster due to the soaring prices of foodstuffs that have burdened the poor in recent weeks."

He stressed that "it is not possible to accept the continuation of the price fever devouring the simple, especially with the high oil prices in the global market and its positive reflection on the Iraqi economy," noting that "the difference in the price of a barrel of oil is sufficient to bridge the financial crisis and provide liquidity for salaries and other government expenditures."

  • Thanks 1
Link to comment
Share on other sites

LINK

The Kurdistan Democratic Party (KDP) reveals an evolution in the draft budget and allocating 15 billion dinars to Halabja

 

1615229614282.jpeg

 

22nd March 2021


The Kurdistan Democratic Party bloc revealed, on Monday, the allocation of 15 billion dinars to Halabja as part of the budget law, which confirmed that the agreement between Baghdad and Erbil regarding the project has not collapsed.

The deputy head of the parliamentary party bloc, Bashar al-Kiki, told Shafaq News that the original agreement was based on the proposal of the Shiite blocs, and the regional government delegation accepted it and was approved by the Parliamentary Finance Committee by vote, but an amendment occurred in two paragraphs during the printing of the decision, contrary to what was voted on. 

"We consider this amendment to be a violation of the agreement between the two sides first, and a somewhat retreat by the Shiite blocs, secondly," he added. 
 

"The presidency of the Council and the heads of the Shiite blocs assured the Kurdish delegation during congratulations on Nowruz in the office of the Vice President of the Council, that the amendment that occurred in some paragraphs and the wording will not affect the origin of the agreement between the two sides and can be dealt with without any difficulties."

Al-Kiki stressed that "legally, the Parliamentary Finance Committee adheres to the text of Article 11 voted upon and will be presented as it is without modification, indicating that the goal is to postpone the budget voting session to reach a Shiite consensus on a number of contentious issues between them." 

Al-Kiki revealed that the Finance Committee approved an amount of 15 billion dinars for Halabja Governorate from transfers at the request of the Kurdish representatives, pointing out that the Kurdish forces have repeatedly demanded that the rights and entitlements of Halabja victims be included in the budget in accordance with the law amending the Rafha and Halabja Victims Law of 2003, but it has not been decided upon. From the Finance Committee for no reason mentioned. 

He praised the decision of the House of Representatives, which stressed the need to complete and accelerate the procedures for converting Halabja into a governorate.

The Iraqi parliament had failed to vote on the federal budget bill for 2021, following the continuing disagreements over some items. The budget allocations are estimated at 130 trillion Iraqi dinars (about $ 89.6 billion). 

Article 11 of the draft budget relates to the share of the Kurdistan Region, and stipulates that it will deliver 250 thousand barrels of oil per day, with tax revenues to Baghdad, in return for receiving 12.6 percent of the budget. 
However, some political blocs are demanding that the article be amended to include a text that holds anyone who decides to spend these funds to the region legally responsible if their oil is not delivered to the federal government.

Political blocs also reject what was stipulated in the budget to exclude a segment of citizens whose monthly salaries exceed 1.5 million dinars (about $1030) from benefiting from the ration card, which is a program for the distribution of food rations to the population that has been followed since the imposition of the blockade on the country in the nineties of the last century.

And other blocs refuse to vote on the budget if the exchange rate of the dinar against the dollar is not modified, by returning it to its normal state of 1168 thousand dinars per ($ 100) instead of 1450 per ($ 100).

Iraq relies on oil sales revenues to finance about 95 percent of state expenditures, and is suffering a stifling financial crisis, as a result of the decline in crude prices under pressure from the Corona pandemic.

  • Thanks 1
Link to comment
Share on other sites

43 minutes ago, DinarThug said:

LINK

Applying due diligence towards executed remittances

 

image.jpeg.8d817ba83e7818b73d13a4bd28425b1f.jpeg

 

22nd March, 2021 


The Central Bank of Iraq invites all authorized banks, all non-banking financial institutions and all licensed electronic payment companies to raise the level of their procedures by applying due diligence towards the executed transfers by including (the purpose of the transfer , the nature of the relationship between the sender and the recipient ) in the above remittances information by them if they are agents of my company (Western Union) mother (Money Cram). (Money Gram sp)

Interesting that Money Gram was using xrp and may possibly be using xlm (stellar Lumens) now.... it’s all pretty tied together it seems 

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

I have a feeling these new anti virus bills that the CBI says will come out soon will definitely be the lower denoms. If it’s the same 3 zero notes as we currently have, this ride may not be over for a long time. I think this is the CBIs way of letting the people know a change is coming with their money without telling them all the details. 

  • Like 3
  • Thanks 2
  • Upvote 7
  • Pow! 1
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.