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Mr. Sadr tweets on the budget and warns


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Central Bank of Iraq signs deal with Mastercard to boost digital payments

 

The deal will also promote financial inclusion and encourage social-economic development

 
 

The Central Bank of Iraq signed an agreement with Mastercard to reduce the use of cash and promote digital payments in the country.

The agreement will help Iraq digitise its payment ecosystem, boost financial inclusion, encourage social-economic development and mitigate the risks of a shadow economy, the entities said in a statement.

“We are very much looking forward to working with Mastercard to advance Iraq’s digital transformation, beginning with the education sector,” Duha Mohammed, CBI's head of payments, said.

“We clearly recognise that the digital economy has a vital role to play … especially in enabling formal economic growth through a new payment ecosystem that is transparent, simple and effective.”

Iraq’s population of nearly 40 million is largely cash-driven, according to the World Bank. Almost 99.8 per cent of its $122 billion personal consumption expenditure was made in cash in 2019, the lender said.

 

 

 

However, there is a large untapped potential for digitisation. Iraq has a 70 per cent smartphone penetration rate and about 22 per cent of the population falls within the young and tech-savvy bracket, Mastercard said, citing World Bank and Statista figures.

The partnership will aim to build a secure payment ecosystem within the education sector initially, the statement said.

“Our work with the Central Bank of Iraq will focus on improving overall efficiencies [in] the economy, starting with the educational institutions by giving parents, students and merchants a much safer, simpler and more convenient way to pay,” Khalid Elgibali, Mastercard’s division president for the Middle East and North Africa, said.

“This is only the start … we look forward to expanding into other sectors at a later stage, as we work to advance the full payment ecosystem and achieve financial inclusion in Iraq,” Mr Elgibali said.

The partnership will develop a full digital ecosystem in Iraq, covering key pillars including the use of public policy and regulation to curb the shadow economy and push for the digitisation of key value chains, the entities said.

The value chains include government collections, disbursement, consumer spending, business purchases and salary payments.

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Mastercard in strategic partnership with Central Bank of Iraq

BAGHDAD, 6 hours, 29 minutes ago

http://www.tradearabia.com/news/BANK_381431.html
Mastercard has signed a partnership agreement with the Central Bank of Iraq (CBI) to digitise the country’s payment ecosystem. 
 
This is intended to boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy and accelerate the advancement toward a cashless society.
 
The partnership first aims to build an efficient, reliable, and secure payment ecosystem, starting with the education sector, and expanding into other sectors. This will not only reduce the use of cash, promote the use of digital payments, and increase government revenues, but will also minimise sizeable operational and administrative inefficiencies in the education industry by reducing the overly manual processes. 
 
Iraq’s population of 40 million people is largely cash-driven, with 99.8% of its $122 billion personal consumption expenditure made in cash in 20191. Despite that however, there is a large potential for digitisation, as the country has a 70% smartphone penetration rate and 222% of the population fall within the young and tech savvy 15-24 years old age bracket.
 
Furthermore, there is often very little choice in payment methods offered to parents and guardians with most students managing all their payments in cash. With neither parents nor students having bank accounts or using online payment services, it is critical to encourage a change in the way consumers pay school fees, since it can cause a ripple effect by impacting the entire payment ecosystem and economy.
 
Duha Abdul Kareem Mohammed, Director General for Payments Department  at the Central Bank of Iraq, said: "The work that Mastercard has done in Iraq over the last few years has made a notable impact on the country’s financial service’s sector and driven greater levels of financial inclusion. At the Central Bank of Iraq, we clearly recognise that the digital economy has a vital role to play in that journey, especially in enabling formal economic growth through a new payment ecosystem that is transparent, simple, and effective. We are very much looking forward to working with Mastercard to advance Iraq’s digital transformation, beginning with the education sector.”
 
Khalid Elgibali, Division President Mena, Mastercard, said: “Creating a digital payment ecosystem is critical, not only because it encourages economic development, but because there is also a demonstrable, negative relationship between cash use and the shadow economy. Our work with the Central Bank of Iraq will focus on improving overall efficiencies the economy, starting with the educational institutions by giving parents, students, and merchants a much safer, simpler, and more convenient way to pay. This is only the start however, and we look forward to expanding into other sectors at a later stage, as we work to advance the full payment ecosystem and achieve financial inclusion in Iraq.”    
 
The Mastercard partnership with CBI is a starting point that will allow for the development of a full digital ecosystem in Iraq, which will cover key pillars including the use of Public Policy and Regulation to curb the shadow economy, a wholesale modernisation of the payment ecosystem, and the digitisation of key value chains. Those include government collections and disbursement and peer-to-peer and consumer spending, as well as business purchases and salary payments.-- Tradearabia News Service
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Parliamentary Finance clarifies two "dangerous" paragraphs about the budget related to the imbalance of numbers

2021-04-19
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Yes Iraq: Baghdad

The Parliamentary Finance Committee responded to two paragraphs that have sparked controversy since the publication of the General Budget Law in the official factsheet. The first concerns the inclusion of tables that show the numbers of the initial version of the budget in terms of revenues, expenditures and deficits in contrast to what the final version carries, with regard to the other issue regarding the value of oil revenues included in the budget .

Experts pointed out that the figures obtained from the sale of 3.25 million barrels of oil per day at a price of 45 dollars gives revenues for a full year of about 77 trillion and not 81 trillion as included in the budget, before the Finance Committee responded with a statement in which the "inquiries" were made.

The committee stated in its statement that it “has seen some data and what it contains of inquiries from some brothers regarding the fiscal budget law for the year 2021, and would like to clarify the following:
- There is a clear text in the budget - (g) of Clause IV of Article 2 First, which stipulated According to the following, “The Ministry of Finance must adhere to the ceiling of the allocations mentioned in the amended Table B and redistribute those allocations in both operational and capital sides, and classify them on the basis of the level of sections, divisions, chapters, materials, types, and the type hierarchy in the ministries and entities not linked to the Ministry and the governorates in the other attached tables.”

This means that the ceilings and allocations mentioned in the amended schedule (b) attached to the law are the ruler over the rest of the tables, and that the Ministry of Finance is committed to redistributing the allocations therein, and they are ceilings consistent with what has been approved in the body of the law, and there is no defect as some have tried. Promote it.

- That the amount of oil revenues mentioned in the budget includes what is achieved from the sale of the occasional derivatives resulting from insulation, refining, etc., in addition to what is achieved from the sale of the estimated quantities of oil and their expected prices.

We ask the brothers to examine or question the Specialized Committee to find out any questions, questions, or misunderstandings in reading the provisions of the Budget Law

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Kurdistan Region: Its agreement to implement its financial obligations included in the budget

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Iraqi Media News Agency
News source / Iraqi Media News Agency

 

Baghdad / h. G

Today, Monday, Kurdistan Region announced its agreement to implement its financial obligations contained in the General Budget Law for 2021.

The Department of Information and Information in the regional government stated in a statement received by (the Iraqi Media News Agency /) , that the Ministry of Finance and Economy in the regional government announced in a letter to it on April 13, addressed to the Ministry of Finance in the Iraqi federal government, its agreement to implement all financial obligations in The framework of the Iraqi General Budget Law for 2021, indicating that the Ministry has taken practical steps in this direction.

The budget stipulates that the Kurdistan Region will deliver 250 thousand barrels of oil per day or its revenues, along with half of the other financial revenues of the federal government, in exchange for a share in the budget of about 12.6 percent

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151942021_councilofministersgath1.thumb.jpg.36b731b754098f3e839f0e501d1fe690.jpgThe Kurdistan Regional Government confirms the implementation of its financial obligations in the budget law

Political | 06:13 - 19/04/2021

 

https://www.mawazin.net/Details.aspx?jimare=150272

 

Baghdad - Mawazine News
The Ministry of Finance and Economy of the Kurdistan Regional Government confirmed, on Monday, its agreement to implement all financial obligations for the region within the framework of the Iraqi general budget for 2021.
The ministry stated in a letter that it sent to the Ministry of Finance of the Federal Government, that the government had begun practical steps on this topic.
The Kurdistan region’s share of the general fiscal budget in Iraq for the year 2021 was determined at 11 trillion and 482 billion and 394 million dinars

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ERBIL — The Kurdistan Regional Government (KRG) on Monday reiterated its commitment to the recently passed federal budget law of Iraq for the fiscal year 2021.

KRG’s Department of Media and Information said in a statement that the Ministry of Finance and Economy in Kurdistan has officially informed its counterpart in Baghdad about its commitment to fulfilling the obligations articulated in the budget law.

The KRG’s Finance Ministry is ready to take practical actions, the statement added.

Following weeks of heated debates over the budget law, it was passed in late March to become the base for a resolution of financial disputes between Erbil and Baghdad as well.

Erbil, on multiple occasions, has made it clear that it will fulfill its obligations under the new law, and that it expects Baghdad to fulfill its obligations towards the Kurdistan Region.

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2 hours ago, 6ly410 said:
 
147328.jpg.13e5f272d8435dd6e083042d15ef773c.jpg
2021/04/19 12:48
  • The number of readings 71
  • Section : Iraq

War for Obelisk: Iraq's exit from the lists of high-risk countries is a victory for the government and the central bank

http://almasalah.com/ar/news/208221/حرب-لـ-المسلة-خروج-العراق-من-قوائم-الدول-ذات-المخاطر-المرتفعة-يعد-نصرا-للحكومة-والبنك-المركزي

 

Baghdad / Obelisk: Legal expert Tariq Harb, Monday April 19 2021, considered Iraq’s exit from the British classification of high-list countries as a "political and economic victory" for the government and the Central Bank.  

Harb explained in a statement to "Al-Obelisk", that many years have passed since the name of Iraq was included in the lists of high-risk countries, with the consequences of this staircase of great political and economic effects, perhaps the first and most important of which is the impact on investment and the reluctance of non-Iraqi companies to work in Iraq and the effects. The government and the Central Bank of Iraq have made great efforts, especially in the area of their cooperation, by taking the necessary measures regarding money laundering and terrorist financing.  

He added: The Iraqi newspaper Al-Waqi’a has hardly been published and has been devoid of publishing international procedures and decisions, especially those issued by the special committee associated with the UN Security Council with regard to combating money laundering, terrorist financing and other charges related to seizing the money of those accused of money laundering and terrorist financing, even if they are not. Iraqis, a higher committee was also established in the Central Bank to combat money laundering and terrorist financing, and these and other measures, such as activating the Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015, was therefore issued Resolution 392 of 2021 including raising the name of Iraq from among the countries with high risks and thus it deserved The government The Central Bank deserved praise and praise for their efforts in raising the name of Iraq from the lists of high-risk countries.

And the Central Bank of Iraq announced, last Sunday, that Iraq was removed from the British classification of high-risk countries.  

In a statement, the bank stated that in the framework of the efforts of the Central Bank of Iraq and through the Office of Combating Money Laundering and Terrorist Financing in developing the business environment within the international compliance standards for combating money laundering and financing of terrorism, the British Treasury in the United Kingdom Government Department did not include the name of the Republic of Iraq in the lists. High risk countries according to Resolution No. 392 of 2021.

He added that the United Kingdom adopted the recommendations of the Financial Action Task Force (FATF) in classifying countries with high risks in terms of applying anti-money laundering and terrorist financing standards, after its exit from the European Union countries, and it promised Iraq is committed to keeping pace with and implementing international recommendations.

The fact that Iraq is not included in the list of high-risk countries is positively reflected in facilitating business and entering companies between the two countries, as well as supporting financial operations between the Iraqi banking sector and the United Kingdom

 

LINK

Legal expert: Iraq’s exit from the lists of high-risk countries is a big victory


Legal expert: Iraq’s exit from the lists of high-risk countries is a big victory
 
 
04/19/2021 09:14:35
 
The legal expert, Tariq Harb, said today, Monday, that Iraq's exit from the lists of high-risk countries is a "major political and economic victory" for the government and the Central Bank.
 

Harb said in a statement that Al-Furat News received a copy of, that "many years have passed on the name of Iraq in the lists of high-risk countries, with the consequences of this staircase of great political and economic implications, perhaps the first and most important of which is the impact on investment and the reluctance of non-Iraqi companies to work. In Iraq, the political and social implications."

He added, "The Al-Kazemi government and the Central Bank of Iraq have made great efforts, especially in the field of their cooperation, by taking the necessary measures regarding money laundering and terrorist financing. 

For a while, Al-Waqi’a Iraq has barely been issued and is devoid of publishing international procedures and decisions, especially those issued by the Special Committee. And associated with the UN Security Council in relation to combating money laundering and terrorist financing and other measures related to seizing the money of those accused of money laundering and terrorist financing, even if they are not Iraqis."

He continued, "Also, a higher committee was established in the Central Bank with the mission of combating money laundering and terrorist financing, and these and other measures such as activating the Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015, so Resolution 392 of 2021 was issued including raising the name of Iraq from among the countries with high risks," 

The government thus deserved and the Central Bank deserved praise and praise for their efforts in removing Iraq from the lists of high-risk countries."

It is noteworthy that the Central Bank of Iraq announced, yesterday, Sunday, the lifting of the name of Iraq from the British classification of high risk countries. 

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2 hours ago, 6ly410 said:

Advisor Al-Kazemi .. Floating the currency leads to the collapse of the market and warned against its implementation

Posted 2 hours ago
News source / Sky Press
1618833392_20210419_022832-860.jpg
 
News source / Sky Press

Sky Press /

The Prime Minister’s Adviser for Financial and Economic Affairs, Muhammad Mazhar Saleh, confirmed today, Monday, that it is not permissible to float the currency in Iraq, indicating that this leads to the collapse of the market.

 

Saleh said that "it is not permissible to float the currency in Iraq because the market will collapse in this case," indicating that "the entry and exit of hard currency does not enter the market, which is only an exit for it, but the government is the one that brings this hard currency."

 

Saleh added, "If the government withdraws its hand, the supply will stop and the demand increases, and therefore the market will collapse."

 

He pointed out that “the problem in Iraq is that the market is asking and that the state is offering, and in the event that the Central Bank does not sell the dollar, it means that all the supply has stopped and there is no other offer. Because demand will be more than supply. "

 

He stressed that "the state is the bidder in Iraq, and therefore if the state tends to float, this means that there is no supply and thus prices collapse."

 

Floating currency is completely liberalizing the exchange rate, so the government or the central bank does not interfere in determining it directly, but rather it is secreted automatically in the currency market through the supply and demand mechanism that allows setting the national currency exchange rate against foreign currencies.

 

It is noteworthy that some officials talk from time to time on the need to float and liberalize the currency to preserve the hard currency reserves at the Central Bank.

 

 

LINK

Advisor Al-Kazemi .. Floating the currency leads to the collapse of the market and warned against its implementation

image.jpeg.ecdb238458424b3a34b49c1521e13de7.jpeg

 

19th April, 2021


The Prime Minister’s Adviser for Financial and Economic Affairs, Muhammad Mazhar Saleh, confirmed today, Monday, that it is not permissible to float the currency in Iraq, indicating that this leads to the collapse of the market.

Saleh said that "it is not permissible to float the currency in Iraq because the market will collapse in this case," indicating that "the entry and exit of hard currency does not enter the market, which is only an outlet for it, but rather the government is the one that brings this hard currency."

Saleh added, "If the government withdraws its hand, the supply will stop and the demand increases, and therefore the market will collapse." 

He pointed out that “the problem in Iraq is that the market is asking and that the state is offering, and in the event that the Central Bank does not sell the dollar, it means that all the supply has stopped and there is no other offer. Because demand will be more than supply." 
 

He stressed that "the state is the bidder in Iraq, and therefore if the state tends to float, this means that there is no supply and thus prices collapse."

Floating currency is completely liberalizing the exchange rate, so the government or the central bank does not interfere in determining it directly, but rather it is secreted automatically in the currency market through the supply and demand mechanism that allows setting the national currency exchange rate against foreign currencies.

It is noteworthy that some officials talk from time to time on the need to float and liberalize the currency to preserve the hard currency reserves at the Central Bank.

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

Warning of its implementation .. Advisor Al-Kazemi: floating the currency leads to the collapse of the Iraqi market     LINK 

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45 minutes ago, DinarThug said:

Saleh, confirmed today, Monday, that it is not permissible to float the currency in Iraq, indicating that this leads to the collapse of the market.

 

saleh is old enough been around long enough was in the cbi with shabibi , he knows whats up , he saw the iqd go from a internationally traded currency to rendered useless only in iraq and the usd taking its place , the man is not stupid the citizens will never know whats really happening till changes occur .... cheers dv'ers     

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On 4/18/2021 at 1:28 AM, DinarThug said:

Parliamentary movement to make amendments to the oil and gas law
image.jpeg.885f88a1a88b2bfc390368a555f8429d.jpeg
 

04/18/2021 07:47:21
 
 
The Parliamentary Oil and Energy Committee has opened the cabinet and the Ministry of Oil for the purpose of expediting amendments to the oil and gas law and sending it to Parliament.
 

Committee member Sadiq Al-Sulaiti said, in a press interview, that 

the oil and gas law is one of the most important stalled laws,

and the Parliamentary Oil Committee has addressed the Cabinet

and the Ministry of Oil for the purpose of expediting the necessary amendments to this law

and returning it to the House of Representatives for the purpose of advancing its legislation,

indicating that "the law exists in the inclusion of the government that is working on its completion, maturation,

and the treatment of some of its objectionable paragraphs,

and returning it to Parliament for the purpose of initiating its approval.

He added, 

"This law is the radical solution to the problems between the center and the region,

as in every budget it will create a crisis in the mechanism for settling oil receivables,

the mechanism for exporting oil and the mechanism for delivering those receivables and other paragraphs that will be subject to political difference,

and may be subject to political auctions as well."

And that "the issue does not go beyond being technical and mathematical,

related to revenues and duties,

and it is supposed to be regulated by law,"

expressing his hope during the coming period and the remainder of the parliament's life,

that "the government will ACCELERATE THE COMPLETION OF THIS LAW and return it to Parliament."

 

LINK

Parliamentary movement to make amendments to the oil and gas law
image.jpeg.885f88a1a88b2bfc390368a555f8429d.jpeg

04/18/2021 07:47:21 
 
The Parliamentary Oil and Energy Committee has opened the cabinet and the Ministry of Oil for the purpose of EXPEDITING AMENDMENTS TO THE OIL AND GAS LAW AND SENDING IT TO PARLIAMENT.
 

Committee member Sadiq Al-Sulaiti said, in a press interview, that 

THE OIL AND GAS LAW is one of the most important stalled laws, and the Parliamentary Oil Committee has addressed the Cabinet and the Ministry of Oil for the purpose of expediting the necessary amendments to this law AND RETURNING IT TO THE HOUSE OF REPRESENTATIVES FOR THE PURPOSE OF ADVANCING ITS LEGISLATION, indicating that "the law exists in the inclusion of the government that is working on its completion, maturation, and the treatment of some of its objectionable paragraphs, AND RETURNING IT TO PARLIAMENT FOR THE PURPOSE OF INITIATING ITS APPROVAL. 

He added, "This law is the radical solution to the problems between the center and the region, as in every budget it will create a crisis in the mechanism for settling oil receivables, the mechanism for exporting oil and the mechanism for delivering those receivables and other paragraphs that will be subject to political difference, and may be subject to political auctions as well."

And that "the issue does not go beyond being technical and mathematical, related to revenues and duties, and it is supposed to be regulated by law," expressing his hope during the coming period and the remainder of the parliament's life,  that "the government will ACCELERATE THE COMPLETION OF THIS LAW and return it to Parliament."

4 hours ago, 6ly410 said:

Efforts to pass the oil and gas law

Posted 5 hours ago
News source / PukMedia Network
iraq-news-810x456.jpg
PukMedia Network
News source / PukMedia

 

A deputy from the Patriotic Union of Kurdistan bloc confirmed today, Monday, that there are efforts to approve the oil and gas law in the House of Representatives during the coming period.

Representative Diamond Fadel, a member of the Parliamentary Legal Committee, said during a special statement to PUKmedia : There are efforts to approve the oil and gas law in the House of Representatives during the coming period.

She added: The law exists within the Oil and Gas Committee, and the committee proposed to the Presidency of the Council of Representatives to include the law on the agenda of the upcoming sessions.

MP Almas Fadel pointed to the importance of approving the oil and gas law, because it is an important law and addresses most of the oil problems that Iraq suffers from.

 

 

LINK

Efforts to pass the oil and gas law

281991942021_11441431320.jpg      


19th April, 2021


A deputy from the Patriotic Union of Kurdistan bloc confirmed today, Monday, that there are efforts TO APPROVE THE OIL AND GAS LAW in the House of Representatives during the coming period.

Representative Diamond Fadel, a member of the Parliamentary Legal Committee, said during a special statement to PUKmedia :

There are efforts TO APPROVE THE OIL AND GAS LAW in the House of Representatives during the coming period.

She added: The law exists within the Oil and Gas Committee, and the committee proposed to the Presidency of the Council of Representatives TO INCLUDE THE LAW ON THE AGENDA of the upcoming sessions.

MP Almas Fadel pointed to the importance of APPROVING THE OIL AND GAS LAW, because it is an important law and addresses most of the oil problems that Iraq suffers from. 

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22 hours ago, DinarThug said:
EXPEDITING AMENDMENTS TO THE OIL AND GAS LAW AND SENDING IT TO PARLIAMENT. 

"the government will ACCELERATE THE COMPLETION OF THIS LAW

 

On 4/18/2021 at 9:45 AM, 6ly410 said:

:bump:

 

21 hours ago, NEPatriotsFan1 said:

The fact the budgets passed and printed and the next convo oil and gas is a very positive development!
Let’s get this across the finish line and in Ramadan no less! 

 

19 hours ago, Longtimelurker said:

During Ramadan would fit the "why now" from kim Clements prophesy👍


Let’s Bro ! :o 

 

image.gif.2d15f4fe056fe32ee915b08cd6cc0747.gif

 

:D  :D  :D 

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49 minutes ago, horsesoldier said:

Im as confused as I ever want to be with these boobs. 


And If U Think That Ur Confused With Them - Think About Poor Caitlyn ? :o 

 

image.png.c0be836d848a743ff6ce04dd63316282.png

 

:D  :D  :D 
 

Edited by DinarThug
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`` Sending money retroactively. '' A Kurdish delegation to Baghdad for an understanding regarding the implementation of Article 11 of the budget - urgent

Posted 4 hours ago
News source / Baghdad today
1618850537_154091.jpg
Baghdad today
News source / Baghdad today

Baghdad today - Kurdistan

A member of the Finance Committee in the Parliament of the Kurdistan Region, Bahjat Ali, confirmed today, Monday, that after publishing the budget law in the official gazette, a government delegation from the region will go to Baghdad.

Ali said in an interview with (Baghdad Today), "The delegation will be technical and meet with officials in the federal government to discuss a mechanism for sending the sums that have been allocated to the Kurdistan region in exchange for handing over the region to the agreed share of oil and the revenues of the ports."

He added that "the delegation will go to Baghdad in the coming days to reach an understanding on the mechanisms of implementing the budget law, specifically paragraph 11 related to the Kurdistan region’s share, and the funds will be sent retroactively, once a mechanism and agreement is reached between the two parties."

And (Baghdad Today), yesterday, Sunday, published the text of the federal budget law for 2021, which is published in the official newspaper Al-Waqi’a.

After the text of the budget law was published in the official gazette, it officially entered into force to start disbursement operations.

On Thursday (April 8, 2021), the President of the Republic, Barham Salih, ratified the federal fiscal budget law for the current year, calling for the implementation of its provisions to achieve reform.

"The approval comes to secure the necessary needs of our people, and to finance the salaries of employees and retirees and the necessary government expenditures, in a way that achieves social justice for all regions of Iraq and all segments of society," the president said in a statement received by (Baghdad today)

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New calls for the government and the central bank about the dollar exchange rate

Posted 6 hours ago
News source / NR TV
194202120598download.jpg
NR TV
News source / NR TV

The "National Awareness" movement called on the government and the central bank, on Monday, to find new financial policies that balance the decision to devalue the currency and the citizens' needs.

"The government should grant loans with low interest rates for unemployed youth and support the ration card by adding new materials," said a member of the movement, Ali Al-Nusifi, in a special statement to NRT Arabia, adding that "the decision to reduce the currency must be accompanied by policies that protect the citizen's bread."

Al-Nusayfi warned of "the high rates of poverty in Iraq, especially since the geography of poverty exceeded 25% in Iraq, according to the latest statistics of the Ministry of Planning."

The awareness movement was established by the former leader of the Wisdom Movement, Salah Al-Arabawi, in September 2019 in an effort to introduce a new generation into the arena of politics and compete with traditional parties, including its members, the activist Hussein Al-Shalakh, the sports journalist Taha Abu Ragheef, and the economist Ali Al-Nasifi

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