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


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Central Bank: The new rate made significant gains


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Posted 8 hours ago

 

 

Baghdad / N.N.

 

The Central Bank of Iraq announced, on Thursday, that the new dollar exchange rate has made great gains.

A statement by the Deputy Governor of the Central Bank, Ihssan Shamran, reported by (Iraqi Media News Agency /) correspondent, stated that "the bank pursues a quiet policy in the issues that people deal with from their viewpoints, and does not enter into discussions that affect expectations."

Shamran added, "The Central Bank believes that the new price has made great gains, the first of which is to enhance competitiveness in favor of national products, whether agricultural or industrial, in addition to strengthening the public finance resource, which is another goal of the decision."

He explained, "The matter requires strengthening the stability of this decision and not creating shocks that would disturb citizens and affect the sustainability of their activities."

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Oil announces the transfer of a copy of the oil and gas law to the Council of Ministers for approval   Posted 40 seconds ago   https://iraqakhbar.com/2931956  

Wait For It .....              

A surprise announcement by the Ministry of Oil of the draft oil and gas law Time: 02/25/2021 00:01:44 https://alforatnews.com/news/وزارة-النفط-مراجعة-النسخة-النهائية

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11 minutes ago, lmb4321 said:

Thanks Thug and 6ly....


Wtf - Did U Just Say 6ly And Not Navira ? :blink:

 

 

I Thought That Navira Was The Bro That Was Here And 6ly Was The Bro Missing ! :o

 

 

Are U Frickin’ Kidding Me, Seriously - How The Hell Do U Ever Even Tell Those Two Apart...

 

image.jpeg.f21330fc800bdc37a469d89dcb594622.jpeg

 

:D  :D  :D 

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Directive from the General Secretariat of the Council of Ministers to the Central Bank

2021-03-25

 

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Yes Iraq: Baghdad

 

 

On Thursday, the General Secretariat of the Council of Ministers directed the Central Bank of Iraq to take appropriate measures regarding rescheduling of previous loans granted by banks to the CBI initiative. 

The secretariat stated in a statement that 

“This came based on the recommendations of the Central Bank Loans Sub-Committee emanating from the Supreme Committee concerned with setting up a mechanism for granting loans to projects without interest or reduced interest, by making use of the amounts allocated to finance these projects and supervising them, with the aim of activating the economic sector (the sector). Private) and facilitate its procedures.

And the statement added that “it was decided to reschedule the previous loans granted by the Housing Fund and the Real Estate Bank.

The term of the loan is (20) years with the cancellation of the interest of (8%) calculated”, explaining that “on previous loans, starting on 11/29/2020.

And the Industrial Bank, the term of the loan is (15) years with interest of (8%) on those loans.

 

The statement continued that “it was also decided to adopt the credit plan schedule for the Central Bank’s initiative for all governorates (according to the criteria for population density and poverty rate), as well as the adoption of a schedule for the distribution of credits for the Central Bank’s initiative loans according to the governorates and sectors covered (industrial, housing, agricultural),” pointing out “The sponsorship of women’s salaries has also been approved in banks licensed by the Central Bank of Iraq, whether permanent owners, contracts, retirees, or employees of the security services, as the settlement of the salary at any of the licensed banks and the reservation of the housing unit will be sufficient to grant the loan without the need for another guarantor.“

 

The statement stressed that "the real estate bank and the housing fund will be covered by the provisions of paragraph (j) of Article (2) of the lending mechanisms communicated by the letter of the General Secretariat of the Council of Ministers dated 11/29/2020."

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4 hours ago, dinarham said:

The float is occurring even though it is not reflected in the current numbers.

 

4 hours ago, pokerplayer said:

How so ? Sorry I don't see that. What am I missing here ?

 

  pp


Aw C’mon PokerPlayer - Obviously It’s Just A Total Bluff While Trying To Draw Into An Invisible Straight ! :o 
 

Sheesh ...

 

image.gif.e30ad85b5e8e90edea81c56e1fcc72b7.gif

 

:D  :D  :D 
 

(fyi - good call out pp) ;) 

 

Edited by DinarThug
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7 hours ago, DinarThug said:

 


Aw C’mon PokerPlayer - Obviously It’s Just A Total Bluff While Trying To Draw Into An Invisible Straight ! :o 
 

Sheesh ...

 

image.gif.e30ad85b5e8e90edea81c56e1fcc72b7.gif

 

:D  :D  :D 
 

(fyi - good call out pp) ;) 

 


Personal Stealth Technology Kit. Get yours from Amazon today 

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Al-Kazemi: Some are trying to blackmail the state under false names

image.jpeg.46ef5af3140d3e4263bab66e1b2d81ca.jpeg

 

26th March, 2021


Prime Minister Mustafa Al-Kazemi, Al-Kazemi, confirmed that someone is trying to blackmail the state under false titles or names. 

During a ceremony honoring the families of the press martyrs at the Iraqi Journalists Syndicate, Al-Kazemi said: “I am happy to be among the journalist and media family and to be part of this family that presented A lot for Iraq, and it played a real role in making our society." 

He added, "The government made a great effort and provided logistical support during the Pope's visit, but the press and the media were the ones who conveyed the true image of Iraq." 

He continued: "We remember the martyrs of the press, they should always be in memory, and be an incentive to convey the word of truth with consciousness of conscience, and it is the government's duty to take care of this important segment, the families of the martyrs of the press."

Al-Kazemi called on the press to "direct its criticism daily for every negative case it indicates in the Iraqi state, including the government and the prime minister," stressing that "constructive criticism is what builds the state." 

He pointed out that "journalists have contributed to crayons in the fight against terrorism and sectarianism abhorrent and racism, and fought Daesh foreign interventions, pointing out that "some try to Iraq turns into an arena for settling regional and international accounts, but journalists have played a great and courageous role in addressing this matter." 

He pointed out that "The political system after 2003 went through difficult and complex circumstances that sometimes produced disappointments, and the press must play its role in creating hope.
Theater, art, poetry, song and journalism are all opportunities for the love of life, and this is what we need.
" 

He explained, "There are those who think that by using weapons they will threaten the state or scare the prime minister and the government, and by God we will not fear anyone except those of our consciences, and we do not want to go in the country to a civil war, or to a spiral of blood, as we have reaped a lot of blood, and we do not want it to be repeated."
Saddam's experience of making blood and transforming our youth and women into fuel for wars."


He stressed that "there are achievements, but there are those who are trying to blackmail the state under false titles or names. 
 

There is a global position on Iraq.

Everyone wants to come here and contribute to construction,

and there are international delegations racing to visit Iraq." 

And he said: We must all work to achieve prosperity not only in Iraq, but in the region, and Iraq must play a role in this path, explaining that "there are those who are trying to obstruct the return of Iraq to the international community and to the civilized society under titles that do not deceive the people." 

He continued, "This government came in difficult circumstances, and the wrong policy over 17 years had led to a popular movement that produced this government, and that is why its mission was only to prepare for early and fair elections, and the press has a great role to play in preparing society to participate in these elections."
 

Got social problems of my people and motionless, was due to question the integrity of the last election and must not repeat the error itself, the government is working day and not night only to provide normal conditions for the elections, but to provide a process of reform in sectors that need long time to accomplish.

He pointed out that "this government succeeded in putting forward a plan for economic reform for the first time since 1970, and we reduced dependence on oil in the budget that was submitted to the House of Representatives, and we went to activate the private sector, agriculture, industry, trade and reconstruction.
We must give the opportunity to the rest of the sectors.
 

 

He explained that "there are those who bet that the government, in the seventh month of last year, will not be able to pay salaries, praise be to God.
 

The government has succeeded in securing the salaries of state employees despite the attempts of some to stop them in October and the second, 

and some were betting on the collapse of the central bank,

but the bank added to the reserve Billions of dollars in three months,

and stressed that "yesterday witnessed the rise of the country's credit rating,

and Iraq rose to a higher degree in the international rating, 

and this constitutes a restoration of confidence in the Iraqi economy."  

He continued, "The political conflict should not lead to the spread of false information in order to create people's despair and frustration, and we must create hope and the future and dream of a better Iraq, and this is the responsibility of journalists by conveying the facts.

There are attempts to distance Iraq from its role as well as silencing voices."
The honorable one, the government will protect all journalists and all the honorable pens that bear the conscience of Iraq in its conscience. 

He concluded that "there are some showcasing attempts by some to thwart any attempt by Iraq to open up to the world, and the review today in Baghdad aims to confuse the situation and create despair and frustration among Iraqis." 

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The Financial Committee presents the latest developments regarding the budget and dollar exchange

Posted 4 hours ago
News source / NR TV
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NR TV
News source / NR TV

 

The Parliamentary Finance Committee announced, on Friday, that there are many points of contention in the draft budget, and it is difficult to solve it so quickly, it is likely that the budget will not be passed during the session next Saturday.

Committee member Jamal Cougar said in a special statement to NRT Arabia, "There are many articles added to the draft budget without the approval of the Finance Committee, and there are Shiite parties that do not favor voting on the budget."

He added, "There are Shiite parties who do not want to pass the draft budget, because they do not want to hold elections, with 130 trillion dinars of budget funds at the disposal of Prime Minister Mustafa Al-Kazemi, because it will be propaganda and a large electoral material."

Cougar explained, "These parties come with many excuses for not passing the budget, including the share of the Kurdistan Region and the exchange rate of the dinar against the dollar, and the great imbalance in the funds allocations between some provinces

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/ Legal expert: Determining the exchange rate of the Iraqi dinar against currencies is within the authority of the Central Bank ... but ??

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/ Baghdad / N.N.

Legal expert Ahmed Muhammad al-Abadi confirmed, on Friday, that the Central Bank of Iraq Law No. 56 of 2004 was issued before the constitution came into effect in 2005, and therefore the law did not explicitly provide for the oversight of the House of Representatives.

A statement by Al-Abadi, followed by (the Iraqi Media News Agency /), stated that “Article 130 / Clause II of the constitution explicitly states that the Central Bank is responsible before the Council of Representatives (the Central Bank of Iraq is responsible before the Council of Representatives) as well as Article 61 of the constitution that gives authority The Council of Representatives oversees the performance of the executive authority in general, and there is no doubt that the Central Bank is an independent body and part of the executive authority.

He added, "Determining the exchange rate of the Iraqi dinar against foreign currencies is within the authority of the Central Bank, but the House of Representatives has the authority to monitor that

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Kurdish bloc sets two conditions for voting on the budget

Posted 5 hours ago
News source / Al Furat News
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Al Furat News
News source / Al Furat News

 

{Politics: Al Furat News} The Kurdish Al-Amal bloc in the House of Representatives stipulated two issues for voting on the fiscal budget bill for 2021.

 

 

A member of the bloc, Sarkut Shams al-Din, said in a statement that the Euphrates News Agency received a copy of it, that “the bloc will not vote on any agreement between Baghdad and Erbil if it does not include the marketing of oil through the“ Sumo ”company and include the salaries of the region’s employees without any arguments or delay or cut off. Until "some political blocs gave up the condition of marketing oil for the benefit of the Kurdistan Democratic Party," he said.

“Marketing the region’s oil through partisan companies there is a great waste of public money in the country and a betrayal of the constitution and the Iraqi people,” he added.

Shamsuddin added, "The other condition is to amend the Parliamentary Elections Law, and set up a mechanism to dissolve the House of Representatives to hold elections next October, stressing that any mechanism in this regard outside the constitutional contexts is totally rejected."

Parliament is scheduled to hold a session next Saturday to vote on the fiscal budget bill for 2021.

The deputies ruled out voting on the budget on Saturday, because no agreement was reached yet on the differences, especially the region’s share.

Samir Hawrami, spokesperson for the Vice President of the Kurdistan Regional Government, announced yesterday, Thursday, that "the new formulation agreed upon in the draft fiscal budget for 2021 included two proposals," noting that "the region is ready to implement one of these two proposals."

Hawrami said in a press statement, “The Kurdistan Regional Government has concluded, since April 2020, with the federal government, 3 types of agreements regarding financial dues,” indicating that “there are currently two proposals about the Kurdistan region’s share of the budget for 2021, a proposal for the federal government, And another for the Finance Committee and Parliamentary Blocs.

He added, "The region is ready to implement one of these two proposals that were agreed upon," noting that "the Parliamentary Finance Committee voted for the article on the Kurdistan region’s share of the budget, so, the region’s share is not the reason for delaying the vote on the budget law."

Forgiveness Al-Khalidi

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The House of Representatives announces a new date for the session to pass the 2021 budget

Posted 17 seconds ago
News source / News
parliament_20032021.jpg
 
News source / news

 

 
Baghdad (People) -  The House of Representatives decided, on Friday, to postpone the session for voting on the budget until next Sunday.  
 
The Council’s Media Department stated in a statement that “People” received a copy of it (March 26, 20219), “Given the continuing discussions on the draft budget law and the need for final formulations of the articles of the budget bill, the Council Presidency decided that the voting session on the draft budget law would take place on Sunday, corresponding to March 28. 2021 is three o'clock in the afternoon.  
 
Earlier Saturday, the House of Representatives decided to postpone the session for voting on the budget for a full week, due to the political disputes surrounding the budget approval.  
 
The department said in a statement that “People” received a copy of it (March 20, 2021) that “in view of the continuing discussions on the draft budget law and giving the opportunity to the relevant committees for further review and scrutiny.”  
 
It was decided to postpone the vote on the draft budget law until Saturday, March 27, 2021 at one o'clock in the afternoon.  
 
The MP for the Patriotic Union of Kurdistan, Rizan Sheikh Delir, spoke of a sudden 'collapse' in the negotiations between the Kurdistan Region delegation and Baghdad regarding the region’s share in the financial budget.  
 
Sheikh Dleir said in a statement to “People” (March 20, 2021) that “the agreement concluded yesterday evening between the Kurdish delegation and the Shiite blocs was subjected to collapse, for surprising reasons, as if we are witnessing the snake and stairs game, as is the case every time, when Torn up agreements between the two parties.  
 
She pointed out that "the reason for the collapse of this agreement is still unknown until now, and if we know the reasons, this is a beautiful thing
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Deputy: He raised a book to Parliament to address the government to consider reducing the dollar’s exchange rate

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Baghdad / h. G

Today, Friday, MP Naim Al-Aboudi revealed that a letter had been submitted to the Presidency of the House of Representatives and the Parliamentary Finance Committee, to address the government to consider reducing the dollar exchange rate.

In an interview followed by (Iraqi Media News Agency /) , Al-Aboudi said, "There are claims about reducing the exchange rate of the dollar."

He added, "A book has been submitted to the Finance Committee and to the Presidency of the House of Representatives, to re-address the government to consider reducing the dollar exchange rate and supporting the poor

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The House of Representatives announces a new date for the session to pass the 2021 budget

2021-03-26
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Yes Iraq: Baghdad

The Iraqi Council of Representatives postponed the date supposed to pass the 2021 budget to next Sunday, which is the second postponement after it was postponed last week to tomorrow, Saturday, as it was supposed.

The Media Department of the House of Representatives published the agenda for the Sunday session, which includes voting on the budget, at a time when the House had set tomorrow, Saturday, March 27, as the date for passing the budget

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The Parliamentary Communications Committee is looking at "reducing" both Internet prices and the dollar

2021-03-26
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Yes Iraq: Baghdad

Today, Friday, the Parliamentary Communications Committee revealed moves to reduce Internet prices in Iraq, as well as the exchange rate of the dollar.

The head of the committee, Naeem Al-Aboudi, said in a statement to the official agency that "the committee discussed with the Ministry of Communications a mechanism for reducing internet fees, as there is a need for transparency in this matter," noting that "some regulatory agencies refuse to have a reduction, because the revenues will be reduced in relation to the state's resources." .

 

In a separate context, Al-Aboudi referred to "the existence of claims regarding the reduction of the dollar exchange rate," stressing, "raising a letter to the Finance Committee and to the Presidency of Parliament, to re-address the government to consider reducing the dollar exchange rate and supporting the poor

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2 minutes ago, 6ly410 said:

Legal expert: Determining the exchange rate of the Iraqi dinar against currencies is within the authority of the Central Bank ... but ??

"Determining the exchange rate of the Iraqi dinar against foreign currencies is within the authority of the Central Bank

Is this just someone opinion? Is this article Not from the cbi directly? Come on governor of cbi. What are waiting for then? Don't just talk talk talk , Just rv your currency immeditely.

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After reaching 2000 dinars, agriculture reveals the reason for the high prices of tomatoes

After reaching 2000 dinars, agriculture reveals the reason for the high prices of tomatoes
{Baghdad: Al Furat News} The Ministry of Agriculture revealed, on Friday, the reasons for the high prices of tomatoes

A spokesman for the Ministry of Agriculture, Hamid Al-Nayef, said in a televised statement that "the lack of tomato production is behind the high prices, as during this seasonal period there is scarcity in tomato farms, which led to an increase in the prices of the crop, which reached 1500 to 2000 dinars per kilogram in the local markets, especially in the capital, Baghdad." .

And that "soon, tomatoes of Najaf province farms will go to the market as compensation for the production of Basra Governorate, and it is not possible to open the border crossings for import, since the decision is in the hands of the concerned authorities."

"We seek to establish refrigerated warehouses to store crops that face shortages in some time periods, in order to put them up when needed, and we invite investors to participate in them," he added.

Raghad Daham

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Parliament postpones the budget session from tomorrow to Sunday

Parliament postpones the budget session from tomorrow to Sunday
{Baghdad: Al Furat News} The House of Representatives postponed, on Friday, its session for approving the budget until next Sunday.

The media department stated, "Given the continuing discussions on the draft budget law, and the need for final formulations of the articles of the budget bill."

She indicated that the Presidency decided that the session for voting on the draft budget law would take place on Sunday, March 28, 2021 at three o'clock in the afternoon.

Raghad Daham
 

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SULAIMANI — Iraq’s Council of Representatives on Friday (March 26) postponed a parliamentary session scheduled for Saturday for a vote on the Federal 2021 Budget Law until Sunday.

The parliament’s media office said in a statement that the session will be held at 3:00 p.m.

Last Friday, negotiators from the federal government and the Kurdistan Regional Government (KRG) appeared to reach an agreement about the budget, only to see it unravel the following morning.

(NRT Digital Media)

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ULAIMANI — Suggesting that a budget vote currently scheduled for Saturday may be postponed, Council of Representatives lawmaker Jamal Kochar said on Friday (March 26) that several issues related to the 2021 Federal Budget Law remain to be settled.

Kochar told NRT that a number of provisions had been added to the legislative draft without the consent of the finance committee and identified Erbil-Baghdad disputes, the decision to devalue the Iraqi dinar, and disagreements over how much each governorate will receive as obstacles currently blocking passage.

The Kurdistan Islamic Union (KIU) lawmaker also argued that some Shia parties do not want the budget to pass in order to create electoral trouble for Iraqi Prime Minister Mustafa al-Kadhimi.

Negotiators from the federal government and the Kurdistan Regional Government (KRG) appeared to reach an agreement about the budget on last Friday, only to see it unravel the following morning.

Samir Hawrami, spokesperson for KRG Deputy Prime Minister Qubad Talabani, told NRT that if the session is held on Saturday, KRG officials will return to the Iraqi capital, but the possibility remained that the vote will be delayed.

Talabani has led the KRG’s delegation during most of the budget talks between Baghdad and Erbil.

Hawrami said that two agreements have been reached, one with the federal government and prime minister Kadhimi and another with the political parties which the finance committee has approved, and that the KRG has signed on to both.

(NRT Digital Media)

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A parliamentary bloc pledges its vote on the budget with this condition

 
 

Today, Friday, the Arab Project Parliamentary Bloc pledged its vote on the budget by returning the exchange rate of the dollar against the dinar.

 
The head of the bloc said in a statement that Alsumaria News obtained a copy of, that "we will not vote on the budget if the price of the dollar is not proven at the 1,250."

Al-Jarba added, "As of 3/18, we announced our position clearly and explicitly that we are the bloc of the Arab parliamentary project. If the price of the dollar is not proven in the balance of 1250 dinars, then we will not enter the voting session and today we confirm our previous position."
 
 
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8 minutes ago, 6ly410 said:

SULAIMANI — Iraq’s Council of Representatives on Friday (March 26) postponed a parliamentary session scheduled for Saturday for a vote on the Federal 2021 Budget Law until Sunday.

Another delay again until sunday? This is iraq. Nothing suprises me. Just count my blessing.

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legal expert explains who is responsible for setting the exchange rate and the role of Parliament

2021-03-26 | 07:13
A legal expert explains who is responsible for setting the exchange rate and the role of Parliament
 
 

Legal expert Ahmad Muhammad al-Abadi confirmed that the Central Bank of Iraq Law No. 56 of 2004 was issued before the constitution came into effect in 2005, and therefore the law did not explicitly stipulate oversight by the House of Representatives.

Al-Abadi said, "Article 130 / Second Clause of the Constitution explicitly states that the Central Bank is accountable to the House of Representatives (the Central Bank of Iraq is accountable to the House of Representatives) as well as Article 61 of the Constitution which gives the House of Representatives the authority to monitor the performance of the executive authority in general. The central bank is an independent body and part of the executive authority. "
 
 
He added, "Determining the exchange rate of the Iraqi dinar against foreign currencies is within the authority of the Central Bank, but the House of Representatives has the authority to monitor that
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Delay, so surprising. I don’t even know where on this roller coaster ride we are anymore, it all feels the same; comfortably numb after so many cycles. 
 

Sounds like it’s time to take a break and regroup on Monday the 29th. But, I’ll probably keep watching things unfold.

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11 hours ago, DinarThug said:

 


Aw C’mon PokerPlayer - Obviously It’s Just A Total Bluff While Trying To Draw Into An Invisible Straight ! :o 
 

Sheesh ...

 

image.gif.e30ad85b5e8e90edea81c56e1fcc72b7.gif

 

:D  :D  :D 
 

(fyi - good call out pp) ;) 

 

     Regarding the float that is happening behind the screens , Do countries announce a float ? The biggest tell of a float is when supply doesn't meet demand . Look at the real estate market . When supply outreaches demand , prices go down ,and visa versa .  The USD will  also decline due to our massive debt ,all by itself , and this will have a negative effect on our cash in . Oh well.  I'm an outbox thinker , a requirement  for all artists , so I outbox think because it is my nature . I like all you crazy diamonds out there . Hang tough !

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