Mr. Sadr tweets on the budget and warns

[horsesoldier]

[horsesoldier]

9 hours ago, DinarThug said:

 

He neither falls UP or Down the stairs...unlike another we’ve seen recently.

[JonnyV]

8 minutes ago, horsesoldier said:

 

One of them is going to make as ass out of themself. 

[horsesoldier]

3 minutes ago, JonnyV said:

 

One of them is going to make as ass out of themself. 

The debate was legendary 

[6ly410]

KRG minister casts doubt on ability to distribute public sector salaries without cuts: source

Kurdistan Regional Government (KRG) Minister of Finance Awat Janab speaks during a session of the Kurdistan Parliament on Tuesday July 28, 2020 (NRT Digital Media)

12 Hours ago

https://nrttv.com/En/News.aspx?id=27401&MapID=1

 

SULAIMANI — Kurdistan Regional Government (KRG) Minister of Finance and Economy Awat Janab told lawmakers on Monday (April 12) that the KRG may be unable to distribute public sector salaries in full, even once the federal government begins sending the Kurdistan Region’s budget share.

KRG representatives including Janab met with Speaker Rewaz Fayaq, party caucus leaders, and members of the finance and natural resource committees on Monday to discuss financial and political matters related to the writing a budget for the Kurdistan Region. It will be the first budget for the Region since 2013.

A parliamentary source with knowledge of the content of the discussions gave a description to NRT on condition of anonymity.

During the briefing, Janab reportedly said that the money coming from Baghdad would be insufficient to pay all public sector workers in the Region without continuing cuts that have been in place for more than a year.

Since last March, the KRG has struggled to pay its employees because of low oil prices, the coronavirus pandemic, and budget disagreements with Baghdad.

It missed monthly salary disbursements entirely five times and cut most others by either twenty-one or eighteen percent, which put significant economic stress on the Region’s middle class. The three disbursements so far this year have each been cut by twenty-one percent.

In October, KRG Prime Minister Masrour Barzani told the Kurdistan Parliament that the government has debts and commitments worth $28 billion, including more than $7.25 billion owed on foreign and domestic loans, $8.96 billion in salaries that it withheld from public sector workers between 2015 and 2019 that it needs to repay, and $3.91 billion owed to the Trade Bank of Iraq (TBI) and the Kurdistan International Bank (KIB).

Oil prices have improved substantially since last spring and the Council of Representatives passed a budget that resolved some of the disagreements between Baghdad and Erbil, which has contributed to pressure from parties both inside and outside government to pay public servants in full.

There is also considerable public frustration with the cuts. When they were officially introduced last summer, teachers and other public servants went out into the streets to protest, but retreated under a crackdown by the security forces in Erbil and Duhok governorates, which are affiliated with the Kurdistan Democratic Party (KDP).

Following Monday’s meeting, Deputy Speaker Hemin Hawrami said on Twitter that “the way forward in the complete implementation by both KRG and the federal government.”

“[I] stressed parliament support and close oversight of the budget implementation and both sides’ obligations,” he added.

(NRT Digital Media)

[DinarThug]

2 hours ago, horsesoldier said:

The debate was legendary 

Wait - So Which One’s The Democrat ?  

 

 

Ok, Mr Mule - We’d Like To Assk U The First Question .....

 

 

Butt I Digress ...

 

     

[DinarThug]

Republican decree setting next 10/10 as the date for holding elections

 

Tuesday 13th April 2021

 

Erbil: Sundus Abdel-Wahab Karbala: Ali Lafta 

 

The President of the Republic, Barham Salih, stressed, during the issuance of the presidential decree on holding the elections on October 10, that they are important, articulated and foundational, while calling on the security services to assume responsibility in maintaining security.

Concurrently, the European Union provided 5.51 million euros for a UN-led project to support capacity building in the Independent High Electoral Commission.

Saleh said in a statement: "The elections come after a popular protest movement calling for reform and correcting the tracks, and securing the right of Iraqis to choose their representatives away from pressure, blackmail and stealing their votes is a top priority, to get out of the sediments and accumulations of the previous stages."

The President of the Republic called "everyone to prepare for the elections, to participate seriously in them, and to express free will. Elections are an opportunity to realize the noble aspirations of the people."

He added, "Let our electoral voices be decisive and resolute in affirming the transition in Iraq to a stage in which it is more advanced, fair, stable and independent."

He emphasized, "The relevant state institutions are called to accelerate the fulfillment of the requirements for conducting fair elections, in a way that removes the concerns and doubts that were a major reason for the reluctance of a sector of not a few citizens from previous elections.

He continued, "It is imperative to create the political climate required to alleviate suffering and achieve justice in choosing strong legislative and executive powers capable of maintaining sovereignty, preserving the state and its prestige and establishing justice among citizens."

In addition, the United Nations in Iraq welcomed the contribution of 5.51 million euros by the European Union to a project led by the international organization to support capacity building in the Independent High Electoral Commission.

European funding will also contribute to supporting the deployment of United Nations electoral advisers, at a time when the Electoral Commission is making the necessary preparations to organize the general elections next October.

link

[DinarThug]

Oh - And Btw ...   
 

 

So Apparently ‘Pink Flamingos’ 🦩 Were The Theme On The Last Page .....

 

 

See If U Can Guess What The Theme Is So Far On This One ...

 

     
 

Edited April 13, 2021 by DinarThug

[DinarThug]

5 hours ago, 6ly410 said:

Economist: The increase in the central bank’s reserves has nothing to do with lowering the price of the dinar

Posted 2 hours ago

https://iraqakhbar.com/3025983

News source / PukMedia Network

News source / PukMedia

 

Economic expert Dr. Hammam Al-Shamaa emphasized that increasing the Central Bank's reserves has nothing to do with the reform policy undertaken by the federal government nor with the reduction of the national currency's rate against the US dollar. 

In a special statement to PUKmedia , on Monday 12/4/2021, Al-Shamma said that the increase in the Central Bank's currency reserves, which was announced by Federal Prime Minister Mustafa Al-Kazemi, is due to the turmoil that occurred in the markets as a result of raising the price of the dollar and reducing the value of the dinar, which made the market stop On the one hand, on the one hand, government revenues rose as a result of high oil prices, and thus the central bank’s reserves increased.

Al-Shamaa added that the central bank’s reserve is to cover Iraq's imports from abroad and makes the countries of the world trust the credits opened by Iraqi banks, stressing that the size of the reserves has no limits, but there are minimum limits that if reduced from them, this would be a risk, as they must cover the value of 6 months of Iraq's foreign imports.

Al-Shamaa stressed that Iraq has sufficient reserves to cover 100% of the value of its foreign imports. 

The Prime Minister, Mustafa Al-Kazemi, announced yesterday, Sunday, that the Central Bank’s foreign currency reserves rose to more than 60 billion dollars, after it was 51.9 billion before the initiation of the reform measures of this government.

 

 

Economist: Increasing the central bank’s reserves has nothing to do with lowering the price of the dinar

---

 

12/4/2021 18:27:00

 

 

       

Economist: Increasing the central bank’s reserves has nothing to do with lowering the price of the dinar

 

Economic expert Dr. Hammam Al-Shamaa confirmed that increasing the Central Bank's reserves has nothing to do with the reform policy undertaken by the federal government nor with the reduction of the national currency's rate against the US dollar. 

Al-Shamma said in a special statement to PUKmedia , on Monday 12/4/2021, that the increase in the Central Bank's currency reserves, which was announced by Federal Prime Minister Mustafa Al-Kazemi, is due to the turmoil that occurred in the markets as a result of raising the price of the dollar and reducing the value of the dinar, which made the market stop On the one hand, on the one hand, government revenues rose as a result of high oil prices, and thus the central bank’s reserves increased.

Al-Shamaa added that the central bank’s reserve is to cover Iraq's imports from abroad and makes the countries of the world trust the credits opened by Iraqi banks, stressing that the size of the reserves has no limits, but there are minimum limits that if reduced from them, this would be a risk, as they must cover the value of 6 months of Iraq's foreign imports.

Al-Shamaa stressed that Iraq has sufficient reserves to cover 100% of the value of its foreign imports. 

The Prime Minister, Mustafa Al-Kazemi, announced yesterday, Sunday, that the Central Bank’s foreign currency reserves rose to more than 60 billion dollars, after it was 51.9 billion before the initiation of the reform measures of this government.

LINK 

[DinarThug]

5 hours ago, nannab said:

Thank you 6ly for all the articles 

 

4 hours ago, pokerplayer said:

I second that nannab.

Wait, So If PokerPlayer Just ‘Raised’ - Does That Mean That He’s Now Bro ‘7ly’ ?  
 

 

And Can The Rest Of Us Also Get A ‘Raise’ ...

 

     

[DinarThug]

5 hours ago, 6ly410 said:

Central Bank says No Further Devaluation of Iraqi Dinar

13th April 2021 in Iraq Banking & Finance News

By John Lee.'

https://www.iraq-businessnews.com/2021/04/13/central-bank-says-no-further-devaluation-of-iraqi-dinar/

 

The Deputy Governor of the Central Bank of Iraq (CBI) has reassured the markets that there will be no further devaluation of the Iraqi dinar.

Ammar Mohammed said:

"It was important to change the exchange rate before approving the budget in order to know the income and budget in dinars ... to serve the interests of the Iraqi economy ... it will also enhance the competitiveness of domestic products and reduce imports ...

"The decision ... is final, and there will be no further change in this rate."

He added that the Central Bank has sufficient foreign reserves to sustain the new exchange rate.

(Source: Govt of Iraq)

 

The central bank reveals new developments regarding the dollar exchange rate

 

12 hours ago

50071 views

 

The Central Bank of Iraq confirmed, on Monday, that the new exchange rate for the dollar will continue for a long time, and will not be changed soon, and perhaps the new rate will continue to work for several years

The Deputy Governor of the Central Bank of Iraq, Ihsan Shamran, said in a special statement to NRT Arabia, that "the exchange rate of the dollar against the Iraqi dinar will not be reduced during the next few months, and it is not excluded that the work at the new exchange rate will continue for several years to come

He added, "There are no flaws in the new exchange rate and the International Monetary Fund had advised Iraq to raise the exchange rate of the hundred-dollar bill to 160,000 dinars at least

He explained, "The fair price of the dollar exchange rate is 2,400 dinars to the dollar," without mentioning any other details

LINK 

[DinarThug]

It announced its measures to control the prices of foodstuffs during the month of Ramadan ... Agriculture reveals to Al-Zawraa the details of its agreements with Saudi Arabia and confirms the imminent start of production of 5,000 poultry projects

 

 

April 13, 2021 12:28 am |  View Count: 0Author: alzawraapaper

Al-Zawra / Hussein Faleh:

 

The Ministry of Agriculture revealed the details of its agreements with the Saudi side to invest in the agricultural sector, and while it confirmed the imminent production of 5,000 poultry projects in Iraq, it announced its measures to control the prices of foodstuffs in the local markets during the holy month of Ramadan.

The spokesman for the ministry, Hamid Al-Nayef, said in an interview with Al-Zawra: Today, Iraq is open to neighboring countries, especially in the field of investment, due to the availability of vast lands. 
Pointing out: There are investment opportunities prepared by the Ministry of Agriculture and handed over to the National Investment Commission,

adding: The recent visit of the Iraqi delegation to Saudi Arabia had discussions with the Saudi side and excellent negotiations with the Saudi Al-Khorayef Company for Modern Irrigation Technologies.

Indicating: This company will invest more than 300 million dollars to establish a plant for the production of modern irrigation systems.

He indicated: The Saudi company has chosen the Ministry of Agriculture to be a primary partner with it, despite the fact that the irrigation techniques are irrigated, but the company has previous cooperation with the ministry, She decided to be a partner with her in the project. 

The Ministry is studying a mechanism for nominating one of its departments concerned with technologies to proceed with this vital project, as it will lead to the dissemination of modern technologies from the sprinklers that the Iraqi farmer and farmers lack in light of the water crisis the country suffers from, rationing and rationalization of water consumption, given that there are no agreements yet with the Turkish side

He pointed out: Negotiations are ongoing with Saudi Arabia in other investment projects, as previous negotiations have not been interrupted, but rather there were differences in visions because the Ministry of Water Resources objected to the cultivated fodder because it needs high water and effort.

 Stressing: The Ministry of Agriculture has chosen the Saudi side to choose areas in other irrigated places that can be negotiated for the establishment of the project.

He continued: Saudi Arabia has a billion trees project, and Iraq will have a stake in it, and in the coming days there will be cooperation in this field.

And on the rise in food prices, Al-Nayef said: Among the tasks of the Ministry of Agriculture is to protect the local product and the national consumer. 

He pointed out: The month of Ramadan every year witnesses a rise in prices, but this year was exceptional due to its coincidence with the high exchange rate of the dollar.

He added: There is exploitation by some traders to raise the dollar, and raise prices to very high levels. 

Pointing out: The scarcity of the tomato crop is due to the end of its season, as after approximately two weeks, the local product for the Karbala and Najaf governorates will go to the market. Domestic product is available.

 Indicating: The Ministry of Agriculture has formed a technical committee to set a specific price that poultry producers are required to pay during the month of Ramadan.

He indicated: There are about 5,000 poultry projects that will start production after 20 days, which will meet the local need for eggs and chicken meat.

LINK

[DinarThug]

Btw - What Was Today’s Theme ?  
 

 

Was It Coffee ...

 

 

     

[DinarThug]

The government "absolves" the dollar and determines the cause of the high food prices in the market

2021-04-13

 

 

Yes Iraq: Baghdad

 

On Tuesday, the President of the Federal Government, Mustafa Al-Kazemi, attributed the reason for the high prices of commodities, especially foodstuffs, to the "greed" of some merchants, revealing at the same time the success of the Central Bank of Iraq in increasing the country's reserves of hard currency the dollar.

Al-Kazemi said in a speech during the cabinet session that took place today, "We renew our directives to the Ministry of Trade to work continuously to provide more foodstuffs in the ration card and to exert its utmost efforts."

He pointed out that the increase in commodity prices is mostly linked to the greed of some traders, and we have campaigns to prevent this price manipulation.

Al-Kazemi also said: We have succeeded in increasing the central bank’s reserves of the dollar after the reform measures that we have taken.

And he went on to say that the Ministry of Health has made an effort to provide vaccines for the Corona epidemic, and it is very important that there be encouragement for citizens to take the vaccine.

LINK

[DinarThug]

The Central Bank clarifies about the dollar's arrival at 160,000 dinars, because it is the real price

8 hours ago

28,351 views

Deputy Governor of the Central Bank of Iraq, Ihsan Shamran Al-Yasiri, revealed, Tuesday, that "the World Bank has proposed to Iraq to amend the exchange rate of the dollar to 160 thousand dinars per 100 dollars as it is the real price, stressing the need to improve the ration card items to reduce the damage caused by adjusting the exchange rate

Al-Yasiri said in a statement followed by NRT Arabia , (April 13, 2021), that "one of the demands of the World Bank during the negotiations to raise the exchange rate of the dollar is to reform the public financial departments, which are taxes, customs, levies and financing part of the financial savings achieved for the benefit of the vulnerable classes," stressing that " The need to improve the ration card items to reduce the damage caused by adjusting the exchange rate

Al-Yasiri added, "It is possible to improve the ration card items by fighting corruption, and to reduce the waste of Iraqi money in corrupt deals, because most of the ration items are national production, such as rice, sugar, flour, oil and tomato paste

He pointed out, "The government can invest the initiative to adjust the exchange rate through more support for the local industry and agriculture after it obtained a competitive advantage of more than 23% against the importer of products, and thus the importer is facing difficulty in competing with the local product

Al-Yasiri explained, "The World Bank suggested to the Central Bank of Iraq to amend the exchange rate of the dollar to 160 thousand dinars per 100 dollars, as it is the real price that the local market can settle on compared to neighboring countries," indicating that "the central bank, through its study of the market and the living situation, found The current value of the exchange rate is 145,000 suitable, and has actually achieved the desired results in monetary policy

LINK

[DinarThug]

Al-Kazemi talks about the Central Bank and the dollar after the reform measures

 

Photo: During the cabinet session

 

6 hours ago    5207 views

 

Prime Minister Mustafa Al-Kazemi, Tuesday, attributed the reason for the high prices of commodities, especially foodstuffs, to the "greed" of some merchants, indicating the success of the Central Bank of Iraq in increasing the country's reserves of hard currency, the dollar

Al-Kazemi said during the Cabinet session held today (April 13, 2021), "The reason for the high prices of commodities, especially foodstuffs, is due to the" greed "of some merchants," indicating "the success of the Central Bank of Iraq in increasing the country's reserves of hard currency, the dollar

He added, "I recommend following up on citizens' issues and needs and easing bureaucratic procedures," calling "all ministers to make more efforts to meet these needs 

"We came to serve the citizens and overcome the challenges that the country is going through, not for a political goal," Al-Kazemi said. "We have spaces in which we have succeeded and other areas that need follow-up and increased work

He pointed out, "We renew our directives to the Ministry of Trade to work continuously to provide more foodstuffs in the ration card and to exert its utmost efforts ," attributing "the increase in commodity prices, most of which is linked to the greed of some merchants, and we have campaigns to prevent this price manipulation

Al-Kazemi added, "We succeeded in increasing the central bank's reserves of the dollar after the reform measures that we have taken

He concluded by saying, "The Ministry of Health has made an effort to provide vaccines for the Corona epidemic, and it is very important that there be encouragement for citizens to take the vaccine

LINK

[DinarThug]

Governor of the Central Bank meets a delegation from the French Development Agency Side of the encounter

 

 04/13/2021

Banks Economy News - Baghdad 

 

Central Bank Governor Mostafa Ghaleb Makhaif met, on Tuesday, with a delegation from the French Development Agency (AFD) to discuss ways of joint cooperation.

In a statement received by Al-Iqtisad News, the Central Bank said that his governor assured "the delegation of the importance of international technical support to implement the financial and economic reforms presented in the white paper." 

According to the statement, Ghalib suggested "holding a meeting between the French Development Agency and the private banking sector to define the area of joint cooperation."

For its part, the French Development Agency expressed its desire to establish a branch in Iraq to increase cooperation, as well as to provide loans for service and productive projects of the Iraqi government, and to provide funding for the public and private sectors, according to the statement. 

It is reported that the French Development Agency (AFD) is a public institution for development financing that works to combat poverty and promote economic growth in developing countries. 

LINK

[DinarThug]

When you get rid of your dollars and your people after him are poor .. Haider Mortada

2021-03-26

 

 

Haider Mortada wrote:

.

.

Politicians believe that economic problems are dealt with (decisions).

But, what the economy faces are not problems! They are dilemmas, and dilemmas must be confronted with (policies) and not (decisions).

Examples:

- The economy is facing a (problem) cheap imported edible oil that competes with the local product. To solve this problem, the government issues a (decision) banning importation, and suddenly ... prices have increased, the local product!

Unemployment rates in the country are high, to solve this (problem) (the government decides) to employ them to absorb unemployment, and the result: the government apparatus is inflated, and debts mount to cover their salaries.

- The people are poor (a problem), (the government decides) to reduce the value of the dollar! For the poor people to recover.

The result: dollars are saved, and the people after him are poor!

An economy that is guided by decisions and not by policies becomes a TV movie, you cannot influence its events, but you can continue watching to see how its end will be!

LINK

[DinarThug]

Trader noise and exchange rate

 

Wednesday April 14, 2021

Mostafa Mohamed Ibrahim

There is an increasing literature in financial economics on price dynamics in markets with heterogeneous agents. 

A typical contrast found in this literature is the distinction between noise traders, who use technical trading rules and fundamentalists interested in discounted future expected profits. 

Theoretical models of noise trading have been stimulated by empirical evidence, which supports the view that speculation is an important force in the market, and the primary work in the field of noise trading focuses on traders' effects on prices, rather than their behavior, to model investor behavior. 

And analyzing the dynamics of the stock market when investors choose to be fundamentalists or pesky traders, we are concerned with chaotic trading in the stock market and the mechanism through which it moves to the foreign exchange market, this involves building bridges between the exchange rate offered in the market is divided, meaning that the agents who choose They are noise dealers that only exist in the local stock market. 

The exchange rates are determined by seasoned investors, who have reasonable expectations, the motivation is that foreign exchange dealers are professionals while many equity investors are relatively uninformed individual agents.

To model the exchange rate regime in the stock market, we adjust so that the supply affects the supply.
Cash on stock valuations. 

The motivation for introducing this link between monetary policy and stock prices comes from the observation that expectations of policy changes by the Federal Reserve could lead to large volatility in the stock market, as the model also allows internal fluctuations in the stock market to influence the prevalence that governs the growth of money supply. . 

The result is that internal fluctuations from the stock market create internal fluctuations in the exchange rate, so the noise trader's theory emphasizes the exchange rate by adhering to future exchange rates.

 In conclusion, this theory coincides with the situation of Iraq in the divergence of opinions regarding the stability of the exchange rate, especially after the approval of the 2021 budget on 3/31/2021, which will continue the debate about the stability of the exchange rate, according to the daily sales of the foreign currency sale window in the Central Bank of Iraq.
 

The exchange rate in the parallel market is at 1480 and 1490 and is expected to rise to 1500 in the event of foreign currency sale window sales, as happened last Wednesday on 3/31/ at $ (3.767.738) million dollars, noting that this amount is only to enhance the bank's balances in Abroad, and there is no cash sale executed by the banks, but rather it was (0) and the exchange rate sold by the Central Bank of Iraq to the bank was (1460).

link

[DinarThug]

The decision to devalue the currency between the data and the problems

 

Wednesday April 14, 2021

 

Baghdad: Hussein Thugb

The Iraqi Media Network Center for Strategic Studies and Research organized an open dialogue seminar bearing the slogan “The Dinar, the Dollar, and the Challenges of the Economy”. 

It was characterized by a frank presentation in the presence of economists in the public and private sectors.

 

Timing of the decision. 

Deputy Governor of the Central Bank, Ihssan Al-Shamran, said: “The issue of devaluation of the national currency has a big difference in viewpoints, and this conflict is between two issues, the first is the citizen’s interest and the citizen’s low purchasing power, because of the decision to reduce by 22 percent, while the second issue is the interest of the national economy, which Adopted by the Central and the Ministry of Finance. 

 

Work and production

 

Al-Shamran pointed out that "the Iraqi market is overwhelmed with foreign goods, and the reduction decision came to encourage the national product, and to rely on tools, including the decision to reduce, which encourages the agricultural sectors first and the industrial sectors secondly to work and produce, and that the decision came out of the primacy of the national interest over the public interest." Indicating that «the local market is affected and stopped, but it will return to the rise». 

 He stressed that "the International Monetary Fund advised that the exchange rate be 1600 dinars against the dollar."

 

The identity of the economy

 

The head of the Board of Trustees of the Iraqi Media Network, Jaafar Alwanan, pointed out that «the Iraqi economy suffers from the problem of not having a special identity, and this makes the visions of the labor market blurry», describing «the large jumps in the exchange rate are incorrect, and that the change will eliminate the presence of a middle class in society, and be Either poor or rich, and that the economy must be employed to serve the country and the citizen, and the next requires that we know how to create an identity for the economy? ”

And the importance of "giving economists the opportunity to participate in economic decision-making, which activates investment and industrial and agricultural production, and that takes care of preserving the family economy with limited income."

 

State Treasury

 

Economic advisor Hazem Hadi Al-Saadi said: “The economic decision that has an impact on the life of society must be studied well from all sides,” indicating that “the decision to reduce the currency came with great positive results, as it contributed to raising the reserves of the Central Bank of Iraq, and achieved An increase to the state treasury by 10 trillion, and it will contribute to providing cash to the Ministry of Finance. 

Al-Saadi said that "from an economic point of view, it will contribute significantly to revitalizing the private sector and reduce poverty rates." 

 

reaction

 

Adviser to the Institute for Economic Reform d. Hussein Al-Khaqani stated that "the decision was not wrong and aimed at achieving a better situation.

Nevertheless, there were voices calling for the return of the old price, but it would have been more appropriate to gradually devalue the currency," noting that "the 22 percent reduction caused a reaction within the local market."

"It led to a recession due to high prices, especially as it will help protect the national product and strengthen the industrial base." 

 

Fragility of the economy

 

Industrial consultant Amer Al-Jawahiri stated that it is "better for the relevant institutions to discuss such a decision with the private sector, experts and those concerned in economic affairs, and this requires that it be in all economic decisions, and that the repercussions of the economic decision revealed the fragility of the economic situation in the country", calling for "Work to find effective economic, industrial, agricultural and tourism initiatives that work in a real way to activate the national economy." 

 

The real value

 

Industrial expert Abd al-Hussein al-Shammari said that “the decision to reduce the value of the dinar reflects the real value of the national currency, and after this procedure we have to go to support the citizen, especially on the issue of the ration card, and it is preferable to spend money on the citizen, to go to the local market and buy what he needs, This keeps the card away from all forms of corruption. ”

He pointed out that the decision contributed to encouraging the start of the implementation of industrial projects in various regions of the country, and here it is necessary to benefit from global experiences by granting industrial and agricultural dollars and to be sold at subsidized prices for this segment, to encourage the establishment of productive projects in the industrial and agricultural sectors, and that this coincides with Establishing strategic industrial zones that support production trends. 

 

National product

 

Economist Abd al-Rahman al-Ashikhli described the decision as correct, but the country does not have an integrated economic base that harmonizes with such a decision, promotes production, and protects the national product from any external competition.

We can say academically that the decision is correct, but in reality it is not correct ». 

He pointed out that "the currency auction came back strongly and touched during the last two days the barrier of 190 million dollars in sales, and may reach 300 million during the coming period." 

 

Negative effects

 

An advisor in the Prime Minister’s office, Nuri Al-Enezi, said, “He wondered what did the decision to devalue the currency to the citizen achieve? 

Although the reduction is required for years, provided that it is conditional on ensuring food and drug security, and there is no complication in the issue of securing food and medicine, although their allocation is not large and secure, as the ration card is allocated 6 billion dollars and medicine is 2 billion dollars annually, and here it is necessary.

The work is towards securing food and medicine, and then moving towards the reduction decision, which should not leave negative impacts on the citizen’s life. 

 

The Chinese experience

 

Head of the Iraqi Merchants Association, Sabah Al-Baghdadi stated that “the reduction decision is correct, but we must benefit from global experiences that preceded us in this field, including the Chinese experience that devalued its currency amidst society’s knowledge and alerted that, and put financial flows to the markets, to prevent any challenges facing the local market. », Indicating that« the decision to reduce our reduction came in the manner of shock that left clear repercussions on the local market, and that the market suffers from stagnation and the sale is without profits », calling on the Central Bank of Iraq to adopt a plan to move the local market».

  

Effective treatments

 

Economic specialist Bashir Al-Saadi said: “The economy can be described as a patient who needs diagnosis and analysis, and then treatment is prescribed.

We need a longer time to describe effective treatments that can change the shape of the national economy and move it to a better stage,” pointing out that “several projects In Iraq, including the strategy, it can advance the national economy, and curbing commodity dumping is an imperative ». 

 

Price increase

 

Academy d. Rabab emphasized that "the decision to devalue the currency is correct, but what is the benefit of it when it is combined with customs exemptions for some countries, and that the decision led to an increase in prices more than the reduction rates. In fact, there are commodities whose price has doubled." 

Economic academic Abd al-Rahman al-Mashhadani said: “I stand against the decision as a whole, because control over the borders has not been completed, and we do not have a database on the reality of the Iraqi economy as a whole.”  

LINK

[DinarThug]

The price of the dollar in Iraq continues to rise, approaching 149,000 to $ 100

2021-04-13

 

 

Yes Iraq: Baghdad

 

The exchange rates of the dollar against the dinar are continuing and reach unprecedented levels:

 

Baghdad - Al-Kifah Stock Exchange

148,300

In banking (approx.)

Purchase of 147,750

Sale 148,750

LINK

[DinarThug]

14 hours ago, DinarThug said:

The government "absolves" the dollar and determines the cause of the high food prices in the market

2021-04-13

 

 

Yes Iraq: Baghdad

 

On Tuesday, the President of the Federal Government, Mustafa Al-Kazemi, attributed the reason for the high prices of commodities, especially foodstuffs, to the "greed" of some merchants, revealing at the same time the success of the Central Bank of Iraq in increasing the country's reserves of hard currency the dollar.

Al-Kazemi said in a speech during the cabinet session that took place today, "We renew our directives to the Ministry of Trade to work continuously to provide more foodstuffs in the ration card and to exert its utmost efforts."

He pointed out that the increase in commodity prices is mostly linked to the greed of some traders, and we have campaigns to prevent this price manipulation.

Al-Kazemi also said: We have succeeded in increasing the central bank’s reserves of the dollar after the reform measures that we have taken.

And he went on to say that the Ministry of Health has made an effort to provide vaccines for the Corona epidemic, and it is very important that there be encouragement for citizens to take the vaccine.

LINK

 

Iraqi products close to self-sufficiency ... Al-Kazemi attacks the “greedy people” and the borders are struggling to protect the market

 

 

548 Sweeteners 04/13/2021 17:15 

Baghdad today - Baghdad  

 

The Iraqi market has been witnessing, for months, a rise in the prices of food commodities and consumer materials, which has raised many concerns among citizens that the price increase will remain, especially with the approaching month of Ramadan, and at a time when government agencies announce that the country will soon reach self-sufficiency for multiple basic crops, the need increases. To prevent imports and support local production. 

Taking advantage of Ramadan 

The government vowed to hold accountable the merchants who try to raise the prices of these materials, while indicating that deterrent measures were taken against them, at a time when the Prime Minister, Mustafa Al-Kazimi, confirmed, on more than one occasion, that most of the price hikes are linked to what he called "merchants' greed." 

And a member of Parliament, Sattar Al-Attabi, pointed out that "some merchants intend in Ramadan to raise the value of foodstuffs, by saving some materials and using the month, and instead of going to help the poor and taking into account the circumstances and being satisfied with a simple profit, they go to raise prices."

In televised statements, Al-Atabi confirmed that there are "measures by the government to support the local product and preserve the local market, especially with the launch of local projects in poultry and agriculture," noting that "the coming days will launch these products to the market to support citizens." 

The Minister of Agriculture, Muhammad al-Khafaji, had announced earlier, that Iraq had achieved a great achievement in producing live chicken and table eggs, and while setting the time remaining to achieve self-sufficiency, he talked about the agricultural import licenses that were granted to import some crops, due to local need. 

In a televised interview followed by (Baghdad Today), Muhammad Al-Khafaji said, "Iraq will reach self-sufficiency in live chickens after 15 days, while the material eggs reached 80% and close to achieving self-sufficiency," indicating that "some violations of import operations have occurred." This week, it was in Anbar and Mosul outside customs, and we issued a warning on the background of the violations. " 

Al-Khafaji added, "We have a great reservation about importing poultry at the present time, due to the spread of bird flu in Turkey, Iran and Syria," noting that "6 thousand poultry fields in Iraq entered production as a result of border controls."

He pointed out that "the Iraqi production of poultry has reached 80% until today, after it was less than 30%, and this is a great achievement that is happening in Iraq." The Economic Ministerial Council will hold a meeting tomorrow, which includes setting a price for eggs and chicken until it reaches the citizens at a price. Appropriate". 

And on the recent rise in prices of some agricultural crops, the Minister of Agriculture said that "Iraq witnessed a decline in production in the previous period, and accordingly import licenses were issued for the tomato crop at 50 thousand tons, and cucumbers and eggplant as well," indicating that "the import license will remain open until May 10 Next. "

Al-Khafaji added, "The animal production in Iraq has gone through the most difficult circumstances in the past two years as a result of reckless foreign import, and due to the lack of control over some outlets, especially the outlets outside the framework of the state." 

Border ports 

The Ministry of the Interior recently announced the outcome of those arrested on charges of raising prices in the markets, violating the decisions to protect the national product in the country, as well as announcing the allocation of a hotline to receive price complaints only, which is 177. 

Director of Relations and Media of the Ministry of Interior, Major General Saad Maan, said, “During the past month alone, the Ministry of Interior has arrested 161 people on charges of high prices, 237 accused of domestic product protection violations, 23 of the owners of unlicensed factories, and 63 arrests. He was accused of transporting goods smuggled from customs duties, as well as arresting 115 people accused of industrial fraud and selling materials unfit for human consumption. "

The head of the Border Ports Authority, Omar Al-Waili, says that "the most important files that have precedence with the Ports Authority is the implementation of the agricultural calendar, and the banning of items prohibited on the calendar from entering the country to protect the local product."

Al-Waeli added, in televised statements followed by (Baghdad Today), that "the cadres of the Border Ports Authority and the working departments, daily control smuggling operations at the land and sea ports, and the competent authorities destroy the prohibited materials and refer the violators to the judiciary." 

Self-sufficiency 

More than a month ago, the Iraqi government banned the import of 23 types of crops and products, including poultry, after which the Ministry of Agriculture announced the issuance of a decision by the National Security Council, permitting the import of 50 thousand tons of tomato and 50 thousand tons of chicken factories, during the month of Ramadan, to alleviate the rise Their prices are not burdening the consumer. 

The head of the Parliament's Agriculture, Water and Marsh Committee, Salam al-Shammari, says, "Iraq's revenues from strategic sieges were 750,000 tons, and today we announce self-sufficiency for strategic crops, the most important of which are wheat and barley, as Iraq's revenues reached 5 million tons." 

Al-Shammari confirmed, in televised statements, followed by (Baghdad Today), that Iraq is moving towards "maximizing resources with the presence of qualifications in Iraq for agricultural investment, until achieving self-sufficiency, whether in the manufacturing industries or livestock, and strategic crops." 

Today, Tuesday (April 13, 2021), Prime Minister Mustafa Al-Kazemi renewed his directive to "the Ministry of Trade to work continuously to provide more foodstuffs in the ration card and to make its utmost efforts." 

Al-Kazemi explained during the cabinet session, that "the increase in commodity prices is mostly linked to the greed of some merchants, and we have campaigns to prevent this price manipulation," stressing his government's success in "increasing the central bank's reserves of the dollar after the reform measures that we have taken."

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Disclosure of the end date of Ramadan and the first day of the blessed Eid Al Fitr

 

 

Photo:  6 hours ago   1236 views

 

The National Institute for Astronomical Research in Egypt revealed that the number of Ramadan is 30 days, and the last day of Ramadan will be on Wednesday, May 12, corresponding to Ramadan 30

The institute stated that "May 12 will be the longest day of the month in terms of the number of fasting hours, with a total of 15 fasting hours and 35 minutes 

The crescent of the month of Shawwal is born immediately after the conjunction occurred at exactly nine o'clock in the evening Cairo local time on Tuesday 29 of Ramadan 1442 AH corresponding to 5/11/2021 AD, which is (the day of vision)

And Wednesday, May 12, will be the completion of the month of Ramadan, and the first of the month of Shawwal will be astronomically on Thursday, May 13 (the blessed Eid al-Fitr), and its prayer in Cairo is 5:28 in the morning

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NTT publishes Cabinet decisions for this day

 

 

Photo: Discussed the latest developments in the country

 

51 minutes ago  1792 Views

 

The Council of Ministers, in its regular session held under the chairmanship of the President of the Council, Mustafa Al-Kazemi, issued a set of decisions included in its agenda

Al-Kazemi's media office said in a statement today (April 13, 2021), that the latter "presided over a regular session of the Council of Ministers, in which the latest developments in the country were discussed, and the topics included in the agenda were discussed

The statement added, "The Prime Minister offered at the beginning of the meeting his congratulations to the Iraqi people on the occasion of the blessed month of Ramadan, and that this blessed month be an opportunity for love and tolerance, and that state institutions double all their efforts in order to serve the citizen and meet his needs

He indicated that "following up the issues and needs of citizens and easing bureaucratic procedures is one of the priorities of government work," calling on "ministers to make maximum efforts to provide these needs

Al-Kazemi explained, "The government came to serve the citizens and face the great challenges that the country faces, and not for a political goal," indicating that it "has succeeded in areas while others need increased follow-up and work

The statement continued, "In this regard, Al-Kazemi confirmed the success of the reform measures taken by the government, some of which contributed to increasing the Central Bank's dollar reserves

He renewed his directives to the Ministry of Trade to work continuously to provide more foodstuffs in the ration card, and to work with all its energy to achieve this matter, noting that "the increase in the prices of some commodities, most of which is linked to the greed of some merchants, and we have campaigns to prevent this price manipulation

Al-Kazemi pointed to "the efforts of the Ministry of Health in providing vaccines against the Corona virus, stressing the importance of encouraging citizens and urging them to receive the vaccine

The statement added, "The Minister of Health and Environment also presented a detailed report on the developments of the work of the committee to strengthen government measures in the areas of prevention and control of health and awareness regarding limiting the spread of Corona virus, and also reviewed the ministry's efforts in the vaccination campaigns that it is carrying out in the capital, Baghdad and all governorates

The statement added that "after the Council of Ministers discussed the topics on its agenda, it issued a number of decisions, including :

First / The two companies (Al Mafakher for Commercial Agencies and Export Limited Liability, and Al Bashaer Commercial Limited) are considered dissolved by law, and the proceeds of the liquidation of the two aforementioned companies and their funds go to the Ministry of Finance

Second / Approval of the issuance of the system of the first amendment to the system of parents and teachers councils No. (1) for the year 1994, based on the provisions of clause (third) of Article (80) of the constitution, taking into account the observations of the legal department in the General Secretariat of the Council of Ministers

AA

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Al-Araji from Tehran: The Iranian statement regarding "America's support for ISIS" is inaccurate

 

Monday 12 April 2021 19:10

 

 

 

 

Iraqi National Security Adviser, Qasim Al-Araji

 

(Alsumaria News) Tehran - The Iraqi National Security Adviser Qassem Al-Araji responded today, Monday, to what was stated in the statement of the Secretary of the Iranian National Security Council, regarding "America's support for ISIS."

 

Al-Araji said, in a brief statement received by Al-Sumaria News, that "what was mentioned in the statement of the Iranian National Security Council Secretary of America's support for the terrorist organization ISIS is inaccurate."

 

The official Iranian news agency "IRNA" had claimed that "Al-Araji, during his meeting with the Secretary of the Supreme Council for National Security of Iran, said that the terrorist organization ISIS is linked to America."

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