Mr. Sadr tweets on the budget and warns

[DinarThug]

13 minutes ago, DinarThug said:

Delegations from Kurdistan visit Baghdad to discuss these files?

 

4th April, 2021

The Parliamentary Finance Committee revealed, on Saturday, recent visits by Kurdish delegations to Baghdad to discuss several files.

The deputy of the committee, Sherwan Mirza, said that "the Ministry of Natural Resources in the Kurdistan Regional Government will discuss the mechanisms for the delivery of oil imports with the Ministry of Oil and officials in the federal government."

He added, "The Ministry of Finance and the Office of Financial Supervision in the Kurdistan Regional Government will also settle financial dues with the Ministry of Finance and the Office of Financial Supervision in the federal government."

Mirza continued, "Technical delegations will visit Baghdad to discuss these issues and resolve them between the two sides because the budget law will be implemented retroactively and it needs to know the size of the financial dues for each government during the past months of this year."

 

LINK

When does the budget law enter into force?

 

4th April, 2021

The Parliamentary Finance Committee confirmed, on Saturday, that the Federal Budget Law for 2021 will enter into force as of the beginning of this year.

The deputy of the committee, Sherwan Mirza, said that "the Presidency of the Council of Representatives will send the federal budget law for the year 2021 to the Presidency of the Republic for the purpose of ratification, and then the law will be published in the Iraqi newspaper Al-Waqa'i’."

Mirza added, "The budget law will enter into force after that and with retroactive effect, meaning from 1/1/2021 until 12/31/2021," noting that "these measures did not take a long time and the law will come into effect soon."

He stated, "The Federal Ministry of Finance will also issue budget instructions without changing any article of the federal budget law for the year 2021."  

[DinarThug]

LINK

Al-Haddad announces the date of sending the 2021 budget to the President of the Republic

 

 

 

04/03/2021 16:29:30

 

Deputy Speaker of the Iraqi Parliament, Dr. Bashir Khalil Al-Haddad explained:

After the House of Representatives voted on the draft federal budget bill for 2021, the draft law was transferred to the relevant department for review and auditing, noting: “After approving the budget, the Parliamentary Affairs Department will scrutinize the articles of the law and match its texts in the final form before sending it to the Presidency of the Republic.”

The President of the Republic, during this week, to be approved and published in the Official Gazette, to enter into force after the Ministry of Finance issued instructions for implementing the budget. 

[DinarThug]

LINK

Al-Haddad: The budget entered a new path that precedes the approval of the presidency

 

3rd April, 2021

 

The second deputy speaker of Parliament, Bashir Al-Haddad, announced, on Saturday, that the draft budget for 2021 will be referred to the relevant department, while it is likely to be approved by the Presidency of the Republic this week

Al-Haddad said in a press statement followed by Al-Eqtisad News, that "after the House of Representatives voted on the draft federal budget law for 2021, the draft law was transferred to the relevant department for review and scrutiny

He added, "After the budget is approved, the Parliamentary Affairs Department will check the articles of the law and match its text with the final version before sending it to the Presidency of the Republic

He favored "sending the law to the President of the Republic during this week for approval and publishing it in the Official Gazette, to enter into force after the Ministry of Finance issued instructions for implementing the budget

[DinarThug]

 

[DinarThug]

LINK

Iraq signs a memorandum of understanding with Switzerland and discusses the fate of its money in its banks

 

3rd April 2021

Minister of Foreign Affairs Fouad Hussein discussed, on Saturday, with his Swiss counterpart Ignazio Cassis the fate of Iraqi funds frozen in Swiss banks.

In a joint press conference with the Swiss minister in Baghdad, Foreign Minister Fuad Hussein said, "We discussed bilateral relations in the fields, and we touched on Iraqi funds frozen in Swiss banks and signed a memorandum of understanding with Switzerland."

He added, "We discussed immigration issues at the Swiss and European levels and a solution for refugees or asylum seekers was developed, and we touched upon the issue of reopening the Swiss embassy in Baghdad.

For his part, the Swiss Foreign Minister said: This is the first visit of the Swiss foreign minister to Iraq at all, and I will conduct a tour in Lebanon and Jordan have the same goals that support stability. 

He stressed: We seek to establish correct relations with the aim of restoring stability to the region, and we admire the Pope's message on Iraq and support the reforms of Iraq.

[dinarham]

  Switzerland ??!!!  the hub of international banking that allows all sorts of benefits to its major players ?  This is a good sign , you crazy diamonds !

[6ly410]

NO ‘DIFFICULT OBSTACLES’ PREVENTING ERBIL-BAGHDAD BUDGET AGREEMENT IMPLEMENTATION: SPOKESPERSON 

Kurdistan Regional Government (KRG) Deputy Prime Minister Qubad Talabani (File)

2 Hours ago 

 

SULAIMANI — A spokesperson for Kurdistan Regional Government (KRG) Deputy Prime Minister Qubad Talabani said on Saturday (April 3) that there are no “difficult obstacles” preventing implementation of the recent budget agreement between Baghdad and Erbil.

On Wednesday night, the Council of Representatives passed the Federal 2021 Budget Law, including Article 11, which outlines the Kurdistan Region's share.

The Kurdistan Regional Government (KRG) will receive 9.5 trillion Iraqi dinars ($6.5 billion), which will be disbursed in monthly increments, in return for submitting 250,000 barrels of crude oil per day to Iraq's oil marketer SOMO for export. The federal government will be able to cut off funds in the event of non-compliance.

Spokesperson Samir Hawrami told reporters that all political parties had given their consent to the agreement, so it is expected to be implemented as it is written.

Hawrami added that the KRG has expressed its readiness to ensure implementation.

Iraqi President Barham Salih is expected to sign the law this week.

Talabani and Salih met with Patriotic Union of Kurdistan (PUK) co-Presidents Lahur Sheikh Jangi and Bafel Talabani at Salih’s residence in Mergapan, outside of Sulaimani on Saturday.

(NRT Digital Media

[6ly410]

ERBIL, Kurdistan Region — The Swiss and Iraqi foreign ministers signed a memorandum of understanding in Baghdad on Saturday, agreeing to establish “political consultations” as part of developing ties between their nations. 

Swiss Foreign Minister Ignazio Cassis arrived in Baghdad on Saturday for a two-day visit, part of a Middle East tour that includes stops in Oman and Lebanon. He met with Iraqi Foreign Minister Fuad Hussein and discussed “how [Switzerland] can help promote peace & security. We signed an MoU establishing regular political consultations between Switzerland & Iraq,” Cassis tweeted. 

Switzerland does not have an embassy in Baghdad, its affairs are managed through the representation in Jordan, but it is “keen to establish a diplomatic representation” in Iraq, according to its foreign policy strategy. Cassis’ visit is the first for a member of Switzerland’s executive council to Iraq since 1979.

He will also meet young Iraqi entrepreneurs “to discuss innovation and what prospects there are for young people in this still fragile country,” according to a statement issued by the foreign ministry before his trip. The Swiss government has prioritized supporting youth employment through education and training. 

Iraq has a large youth population. About a third of its 40 million people are between the ages of 10 and 24. 

Youth unemployment is high, around 27 percent in 2019, according to UN figures. A UN survey published last month revealed “youth frustration with the lack of livelihood and employment opportunities, lack of cohesion in offer and demand for employment, lack of women participation in the labour market and lack of private-sector job opportunities.”  

Unemployment was one of the factors behind the protest movement that began in October 2019. The situation worsened with the oil-dependent economy taking a massive hit when crude prices plummeted last year during a global shutdown due to the coronavirus pandemic. Lockdowns within the country drove massive layoffs, especially in the service sector, which makes up about half of the non-oil economy, according to the UN

[6ly410]

 

[DinarThug]

28 minutes ago, DinarThug said:

 

 

11 minutes ago, 6ly410 said:

 

Wish I Would’ve Said That ...  

 

And Bro Tends To ‘ReTweet’ Himself ...

 

     

[6ly410]

 

What is Baghdad’s share of the budget?

Posted 1 hour ago

https://iraqakhbar.com/2737991#google_vignette

News source / Iraq Today Agency

News source / Iraq News Agency today

Baghdad - Iraq today:

The Parliamentary Services Committee announced, on Saturday (April 3, 2021), the allocation of a trillion dinars to the governorate of Baghdad from the state budget, indicating that it will focus on lagging and strategic projects.

Committee member Alaa Sukkar Al-Delfi said that “the financial allocations in the budget for the governorates were distributed fairly according to the proportions of the population, and Baghdad got a trillion dinars, because its population is the largest of the rest of the provinces.” To complete the work on it ”.

He added that "the committee, after approving the budget and distributing financial allocations to the provinces, will form sub-committees from its members to follow up the accurate disbursement of project funds, in order to complete the strategic projects for the provinces that are in their interest."

And he indicated that "the committee's tasks are to follow up the ministries and local governments in implementing these strategic and delayed projects that affect the life of the citizen," noting that "the committee is determined to follow up and evaluate projects after completion."

Al-Delphi pointed out that "the committee prepares this budget different from its predecessors in terms of project completion, because the committee members will intensify supervision and follow-up projects, especially projects that contribute to stabilizing the citizen's life, such as water projects and infrastructure for the provinces."

He pointed out that “through the work of the supervisory committee, it will follow up the projects that have ceased to exist and that have been neglected for years and led to a waste of public money in all governorates, especially the projects whose contracts were signed between 2005 to 2007 and the following years, and which have ceased and need additional work to re-work in them. Therefore, the sub-committees of the Services Committee, with the participation of the concerned ministries, will prepare evaluations for these projects to follow up on them, and to see if they can be re-worked on again

[6ly410]

 

A statement from the Minister of Finance regarding the currency’s rate and the state’s performance makes a promise to citizens

Posted 4 hours ago

https://iraqakhbar.com/3007444

News source / Baghdad today

News source / Baghdad today

Baghdad Today - Baghdad

Today, Saturday, Minister of Finance Ali Allawi made a new statement regarding the exchange rate of the dinar against the dollar, which was approved by the House of Representatives in the 2021 budget of 1450 dinars, and before it, after its implementation last December, raised strong popular objections.

Allawi said in a video clip published by the Ministry of Finance on its Twitter account, "We started with reforms, we started the process of automation, reform processes related to the currency and the exchange rate, and these are all measures aimed at strengthening the Iraqi economy."

In a new government promise, he added, “The citizen will see an improvement in light of the results that will happen in improving the performance of the state and employees, especially in the operations of citizens. Responsible and efficient ”.

Earlier, the Minister of Finance, Ali Abdul-Amir Allawi, revealed what he described as “collusion” that contributes to plundering state funds, while talking about customs and the prices of the smallest job in it.

Allawi said, in a statement carried by "Agence France-Presse," that "there is a kind of collusion between officials, political parties, gangs and corrupt businessmen," noting that "this system as a whole contributes to the plunder of the state."

He added, "The price of the smallest job in customs ranges between 50 thousand dollars to one hundred thousand dollars, and sometimes it increases to many times that."

The Minister of Finance added, "Parties and armed groups use their political influence to maintain their positions that allow them to accumulate money, and they do not hesitate to threaten to use violence."

Allawi added, "We should get seven billion dollars from customs annually, but in reality, only ten to 12 percent of the resources reach the Ministry of Finance

[6ly410]

 

A member of Saeron responds to his bloc's accusation of supporting an increase in the exchange rate and insisting on it in the 2021 budget

Posted 2 minutes ago

https://iraqakhbar.com/3007848

News source / Baghdad today

News source / Baghdad today

Baghdad Today - Baghdad

Badr Al-Ziyadi, a member of the Saeron bloc, responded today, Saturday, to the accusations made by political blocs of others of being behind the insistence on fixing the exchange rate at 1450 dinars to the dollar.

Al-Ziyadi said in a televised interview that she followed (Baghdad Today) that “the accusation of Saeron, who has 54 deputies of supporting the exchange rate increase, is incorrect and void because Saeron cannot control the position of Parliament with this number of seats, and everyone knows that as evidenced by the fact that there was a meeting of the leaders of the blocs before raising the exchange rate with The government and all the blocs agreed to raise the exchange rate and any bloc after which it says it wants to amend the exchange rate, its talk is only informative.

He added that "Law 56 / Article 4 of 2004 is subject to drawing up the state's financial policy. The government and the government replied that the parliament has replied that modifying the exchange rate is within its competence."

He stressed that "the blocks objecting to the exchange rate raised their voice a few days ago and did not raise it since the exchange rate was raised 3 months ago and accused others of a false accusation and they are supposed to object from the beginning and not now."

He continued, "The objection, after approval by some blocs, is political auctions, and they know that Parliament does not have the authority to amend the exchange rate, and we in the Alliance of Saeron came out with a press conference announcing our refusal to change the exchange rate and the government refused to amend it."

The representative of the Al-Fateh Alliance, Amer Al-Fayez, was accused in a press statement Sa`iroun of insisting on passing the new exchange rate and threatening not to attend the session to vote on the budget.

Sairun member Naji Al-Saeedi responded by saying in a televised interview that “What is said through the winner is political bids because the head of the Al-Fateh bloc was the first to call for changing the exchange rate during a meeting that included the leaders of the blocs. Citizens

[6ly410]

Iraq signs a memorandum of understanding with Switzerland and discusses the fate of its money in its banks

Posted 2 hours ago

https://iraqakhbar.com/3007698

News source / Iraqi Media News Agency "INA"

 

News source / Iraqi Media News Agency "INA"

Baghdad

On Saturday, Foreign Minister Fouad Hussein discussed with his Swiss counterpart Ignazio Cassis the fate of Iraqi funds frozen in Swiss banks.
In a joint press conference with the Swiss Minister he held in Baghdad and followed by (Iraqi Media News Agency /), Foreign Minister Fuad Hussein said: “We touched on bilateral relations in the fields, and we touched upon Iraqi funds frozen in Swiss banks and signed a memorandum of understanding with Switzerland.”
He added, “We discussed immigration issues at the Swiss and European levels, and a solution for refugees or asylum seekers was developed, and we discussed the issue of reopening the Swiss embassy in Baghdad.
For his part, the Swiss Foreign Minister said: This is the first ever visit of the Swiss foreign minister to Iraq, and I will conduct a tour in Lebanon and Jordan with the same goals that support stability.
He stressed: We seek to establish correct relations with the aim of restoring stability to the region. We admire the Pope's message on Iraq and support the reforms of Iraq

[6ly410]

Commentary from Parliament Finance on the proposal to disburse salaries in dollars and request on the exchange rate

Posted 3 hours ago

https://iraqakhbar.com/3007643

News source / Baghdad today

News source / Baghdad today

Baghdad Today - Special

Today, Saturday, a member of the Economy and Investment Committee in the Iraqi Parliament, Nada Shaker Jawdat, called on the competent government agencies to control the price of the dollar in the local markets, while the Parliamentary Finance Committee commented on the requests to pay salaries in dollars.

And the price of the dollar against the dinar was recorded this evening, 147,250 for sale in Baghdad, the Kurdistan region and the southern cities of the country.

Jawdat said in an exclusive interview with (Baghdad Today), "The price of the dollar rose after the parliament voted on the country's general budget for the year 2021, and the price of the dollar was fixed as sent by the government." The headquarters price is according to the budget.

She added that “the Iraqi government, the Central Bank of Iraq and the competent authorities must work urgently to control the exchange rate as established according to the budget, and to prevent any manipulation of the price by some influential parties and personalities, because the instability of the exchange rate will increase the pressure on the shoulders of the Iraqi citizen even more. Through the rise in the prices of food and other materials.

Earlier, the head of the Parliamentary Human Rights Committee, Arshad Al-Salhi, called on the government to pay the salaries of the next three months in dollars to reduce the harm of changing the exchange rate to citizens as the exchange rate continues to rise.

Prior to that, a member of the Parliamentary Finance Committee, Sherwan Mirza, considered the option of distributing salaries in dollars to be incorrect.

He said in an interview with (Baghdad Today) that "this matter is very difficult, because it will reduce the reserves of the Central Bank, and there is no alternative to the local currency."

He added that "the reduction in the value of the Iraqi dinar against the dollar and the continuation of its fluctuation is expected and will stabilize soon after the country’s general federal budget for 2021 has been approved, according to the rate approved by the Central Bank."

Economists expected that the exchange rate will not exceed the 1480 dinars barrier in the next few days and will settle in the long run below 1500 dinars against the dollar after the budget was voted on, while the Central Bank confirms that it continues to sell the dollar at 1470 dinars to the public and those wishing to buy from banks

[6ly410]

Iraq is discussing with Switzerland the file of its frozen funds

Posted 2 hours ago

https://iraqakhbar.com/iraq-news-today

News source / Noon Agency

 

News source / Noon Agency

Foreign Minister Fuad Hussein said today, Saturday, that he discussed with his Swiss counterpart Ignazio Cassis, who arrived in Baghdad today, the file of frozen Iraqi funds and the arrival of his country's companies to Iraq.

Hussein said in a joint press conference with his Swiss counterpart, "He is happy with the historic visit of the Swiss Foreign Minister to Baghdad, where we discussed during the meeting with him the file of Iraqi funds frozen since the era of the previous regime and we discussed the need for Swiss pharmaceutical companies to come to Iraq."

"We signed a memorandum of understanding in Iraq and Switzerland related to joint political consultations, and we discussed the issue of immigration and refugees and how to deal with this file at the Swiss and European level, and we also discussed reopening the Swiss embassy in Baghdad," he added.

For his part, the Swiss Foreign Minister said at the conference, "This is the first visit of the Swiss foreign minister to Iraq at all, and the first visit by a Swiss official since 1979."

He added, "Our visit to Baghdad will not be the last, and I will conduct a tour in Lebanon and Jordan with the same goals that support stability, and we seek to establish correct relations with the aim of restoring stability to the region."

Earlier in the day, the Swiss foreign minister arrived in Baghdad on an official visit

[6ly410]

The distribution of salaries in dollars ... a scenario that escalates in parliament: will it happen and what is its danger?

2021-04-03

https://yesiraq.com/توزيع-الرواتب-بالدولار-سيناريو-يتصاع/

Yes Iraq: Baghdad

After the dollar pricing file was officially resolved in the budget and the door was finally closed to any efforts to change it and restore it to its previous position, parliamentary votes began proposing an alternative solution that had been proposed earlier to control the price of the dollar in the market and prevent its rise to more than the official pricing.

 

The matter started from a proposal from the Parliamentary Finance Committee represented by its member, Representative Muhammad al-Shabaki, when it was proposed to spend half the salary for employees of non-sovereign ministries in dollars for two months and at a subsidized price to address the difference between supply and demand for hard currency, which would contribute to the stability of its prices.

 

Al-Shabaki said in a press statement, "The Parliamentary Finance Committee was keen to take a set of measures and include them in the text of the budget in order to reduce and limit the damage that resulted from the high exchange rate of the dollar against the dinar," indicating that "among those measures is the increase in the allocations of the ration card items." "With the aim of distributing them on a monthly basis, what affects the stability of prices in the market for basic commodities such as edible oil, sugar and rice, as a result of the balance of supply with demand

[6ly410]

The most important course of Al-Kazemi's meeting with the Swiss Foreign Minister

Saturday, April 3, 2021 8:53 PM

 

https://nnciraq.com/59715/

 

 

Baghdad / National News Center
Prime Minister Mustafa Al-Kazemi and Vice President of the Swiss Confederation and Foreign Minister Ignazio Cassis discussed five files, including the reopening of the Swiss embassy in the capital, Baghdad.

The media office of the Prime Minister stated, in a statement received by the "National News Center", that Al-Kazemi met with Kassis and his accompanying delegation, and "means of joint cooperation and bilateral relations between Iraq and Switzerland and prospects for strengthening them in the service of common interests were urged, as well as steps to reopen the embassy." Swiss in Baghdad ”.

And he added, that the meeting "discussed ways to enhance economic development and foreign investment in Iraq, and Switzerland's support for the steps taken by the Iraqi government in this aspect, which confirms a broader participation of the private sector and creates investment opportunities and promising jobs in the Iraqi labor market."

He added that the meeting "also discussed cooperation in the humanitarian field with regard to the issue of the displaced and returning them to their areas of residence, in order to enhance the efforts aimed at overcoming the effects of terrorism."

For his part, the Vice President of the Swiss Confederation praised, according to the statement, "the role that Iraq plays in building bridges of confidence in the region, which is an important role for achieving regional stability in the region and promoting peace and prosperity in it."

The meeting was attended by the Ambassador of the Swiss Confederation in Baghdad, as well as a number of officials and advisors.

Earlier in the day, Swiss Foreign Minister Ignazio Cassis arrived on a visit, the first of its kind since 1979, and held a press conference with his counterpart Fouad Hussein

[GreedyDinar07]

Right. So why pay them in dollars? Do the CBI want to keep all of the dinar and if so why? The CBI did say the rate will be reduced to 1500 and I believe they are trying to pull in the large notes from the people because goods cost more The question is WHY?? How long can they continue with this rate? This can be a good thing for us if this is the "delete the 000's process" that has been talked about for years. We will see. Watch what they do and not what they say. 

[6ly410]

A spokesman for the state of law warns of a living disaster due to the high prices

https://alahadnews.net/180754/خاص-بوكالة-العهد-نيوز/

 

Author: AhadNA1 On 3/4/2021 - 10:01 AM 103

A spokesman for the State of Law, Representative Bahaa Al-Din Al-Nuri, warned, on Saturday, of a living disaster due to the high prices.  

Al-Nouri said in an interview with Al-Ahed News that “the continuing rise of commodities, especially foodstuffs, to an unprecedented level with the high exchange of dollars in the local markets threatens a living disaster. 

He added that "a segment of the poor is threatened with their daily strength due to the flawed government measures," adding, "We are surprised at the government's insistence on measures to raise the exchange rate."

He pointed out that "the reality that reflects a clear confusion in the officials' handling of the crisis will complicate the matter further in the next stage

[6ly410]

Talabani's spokesman: The budget agreement may extend to 2022

https://alahadnews.net/180969/العراق/السياسية/

 

Author: ahad7 On 3/4/2021 - 6:47 PM 122

 

Samir Hawrami, spokesman for the Deputy Prime Minister of the Kurdistan Region, Qubad Talabani, announced that a delegation was sent to the Iraqi capital to discuss the implementation of the budget law, and while noting the budget agreement may extend to 2022 as well, he made clear that the salary deductions will be canceled if the revenues of the Kurdistan region reach 895 billion dinars.  
Hawrami said in a televised interview: “We are waiting for how the Iraqi government will send the Kurdistan region’s share of the budget, and this month is an experiment, and if revenues reach an addition of 50% of non-oil revenues to 895 billion dinars, then salaries will be distributed without any deduction.”
He explained that "it may require the delegation of the Kurdistan region to make another visit to Baghdad to set up mechanisms for how to apply the law." 
 On the debts of the Iraqi Trade Bank TBI owed by the Kurdistan region, he said that it amounts to about 5 trillion dinars, and according to one of the paragraphs of Article 11 of the budget, the Kurdistan Regional Government must pay those debts to the bank within 7 years.
He went on to say that he believes, with many other Iraqi officials, that the 2021 budget law will be applied as well next year, "because the elections will be held in October and the budget cannot be prepared at that time

[DinarThug]

1 hour ago, 6ly410 said:

A statement from the Minister of Finance regarding the currency’s rate and the state’s performance makes a promise to citizens

Posted 4 hours ago  https://iraqakhbar.com/3007444  News source / Baghdad today

News source / Baghdad today

Baghdad Today - Baghdad

Today, Saturday, Minister of Finance Ali Allawi made a new statement regarding the exchange rate of the dinar against the dollar, which was approved by the House of Representatives in the 2021 budget of 1450 dinars, and before it, after its implementation last December, raised strong popular objections.

Allawi said in a video clip published by the Ministry of Finance on its Twitter account, "We started with reforms, we started the process of automation, reform processes related to the currency and the exchange rate, and these are all measures aimed at strengthening the Iraqi economy."

In a new government promise, he added, “The citizen will see an improvement in light of the results that will happen in improving the performance of the state and employees, especially in the operations of citizens. Responsible and efficient ”.

Earlier, the Minister of Finance, Ali Abdul-Amir Allawi, revealed what he described as “collusion” that contributes to plundering state funds, while talking about customs and the prices of the smallest job in it.

Allawi said, in a statement carried by "Agence France-Presse," that "there is a kind of collusion between officials, political parties, gangs and corrupt businessmen," noting that "this system as a whole contributes to the plunder of the state."

He added, "The price of the smallest job in customs ranges between 50 thousand dollars to one hundred thousand dollars, and sometimes it increases to many times that."

The Minister of Finance added, "Parties and armed groups use their political influence to maintain their positions that allow them to accumulate money, and they do not hesitate to threaten to use violence."

Allawi added, "We should get seven billion dollars from customs annually, but in reality, only ten to 12 percent of the resources reach the Ministry of Finance

 

A statement from the Minister of Finance regarding the currency’s rate and the state’s performance makes a promise to citizens

 

 

8,931 Sweeteners 2021/04/03 16:37

Baghdad Today - Baghdad 

 

Today, Saturday, Minister of Finance Ali Allawi made a new statement regarding the exchange rate of the dinar against the dollar, which was approved by the House of Representatives in the 2021 budget of 1450 dinars, and before it, after its implementation last December, raised strong popular objections. 

Allawi said in a video clip published by the Ministry of Finance on its Twitter account, "We started with reforms, we started the process of automation, reform processes related to the currency and the exchange rate, and these are all measures aimed at strengthening the Iraqi economy." 

In a new government promise, he added, "The citizen will see an improvement in light of the results that will happen in improving the performance of the state and employees, especially in the operations of citizens, and he will see that the state will transform from a state that complicates and obstructs, to a state that helps and serves, and all this will be done through the process of modernizing devices through policies. Responsible and efficient. "

Earlier, the Minister of Finance, Ali Abdul-Amir Allawi, revealed what he described as "collusion" that contributes to plundering state funds, while talking about customs and the prices of the smallest job in it. 

Allawi said, in a statement carried by Agence France-Presse, that "there is a kind of collusion between officials, political parties, gangs and corrupt businessmen," noting that "this system as a whole contributes to the plunder of the state." 

He added, "The price of the smallest job in customs ranges between 50 thousand dollars to one hundred thousand dollars, and sometimes it increases to many times that." 

The Minister of Finance added, "Parties and armed groups use their political influence to maintain their positions that allow them to accumulate money, and they do not hesitate to threaten to use violence." Allawi continued, saying:

link 

[horsesoldier]

It’s been a “ Living Disaster “ for the last 18 years in Iraq, TOAD WART !!!!
 

Along with ALL the other things they’re known for: Understating the obvious conveniently ignored, all too painfully, long term numerous wretched situations will somehow “ occur “ if/when _____________________ ( add excuse here ) should happen.

 
It’s already happening Sparky. Geez, the underhanded duplicity of criminal politicians & their cronies.

[DinarThug]

2 hours ago, 6ly410 said:

Commentary from Parliament Finance on the proposal to disburse salaries in dollars and request on the exchange rate

Posted 3 hours ago

https://iraqakhbar.com/3007643

News source / Baghdad today

News source / Baghdad today

Baghdad Today - Special

Today, Saturday, a member of the Economy and Investment Committee in the Iraqi Parliament, Nada Shaker Jawdat, called on the competent government agencies to control the price of the dollar in the local markets, while the Parliamentary Finance Committee commented on the requests to pay salaries in dollars.

And the price of the dollar against the dinar was recorded this evening, 147,250 for sale in Baghdad, the Kurdistan region and the southern cities of the country.

Jawdat said in an exclusive interview with (Baghdad Today), "The price of the dollar rose after the parliament voted on the country's general budget for the year 2021, and the price of the dollar was fixed as sent by the government." The headquarters price is according to the budget.

She added that “the Iraqi government, the Central Bank of Iraq and the competent authorities must work urgently to control the exchange rate as established according to the budget, and to prevent any manipulation of the price by some influential parties and personalities, because the instability of the exchange rate will increase the pressure on the shoulders of the Iraqi citizen even more. Through the rise in the prices of food and other materials.

Earlier, the head of the Parliamentary Human Rights Committee, Arshad Al-Salhi, called on the government to pay the salaries of the next three months in dollars to reduce the harm of changing the exchange rate to citizens as the exchange rate continues to rise.

Prior to that, a member of the Parliamentary Finance Committee, Sherwan Mirza, considered the option of distributing salaries in dollars to be incorrect.

He said in an interview with (Baghdad Today) that "this matter is very difficult, because it will reduce the reserves of the Central Bank, and there is no alternative to the local currency."

He added that "the reduction in the value of the Iraqi dinar against the dollar and the continuation of its fluctuation is expected and will stabilize soon after the country’s general federal budget for 2021 has been approved, according to the rate approved by the Central Bank."

Economists expected that the exchange rate will not exceed the 1480 dinars barrier in the next few days and will settle in the long run below 1500 dinars against the dollar after the budget was voted on, while the Central Bank confirms that it continues to sell the dollar at 1470 dinars to the public and those wishing to buy from banks

 

2 hours ago, 6ly410 said:

The distribution of salaries in dollars ... a scenario that escalates in parliament: will it happen and what is its danger?

2021-04-03

https://yesiraq.com/توزيع-الرواتب-بالدولار-سيناريو-يتصاع/

Yes Iraq: Baghdad

After the dollar pricing file was officially resolved in the budget and the door was finally closed to any efforts to change it and restore it to its previous position, parliamentary votes began proposing an alternative solution that had been proposed earlier to control the price of the dollar in the market and prevent its rise to more than the official pricing.

 

The matter started from a proposal from the Parliamentary Finance Committee represented by its member, Representative Muhammad al-Shabaki, when it was proposed to spend half the salary for employees of non-sovereign ministries in dollars for two months and at a subsidized price to address the difference between supply and demand for hard currency, which would contribute to the stability of its prices.

 

Al-Shabaki said in a press statement, "The Parliamentary Finance Committee was keen to take a set of measures and include them in the text of the budget in order to reduce and limit the damage that resulted from the high exchange rate of the dollar against the dinar," indicating that "among those measures is the increase in the allocations of the ration card items." "With the aim of distributing them on a monthly basis, what affects the stability of prices in the market for basic commodities such as edible oil, sugar and rice, as a result of the balance of supply with demand

 

The distribution of salaries in dollars ... a scenario that escalates in parliament: will it happen and what is its danger?

2021-04-03

 

Yes Iraq: Baghdad

 

After the dollar pricing file was officially resolved in the budget and the door was finally closed to any efforts to change it and restore it to its previous position, parliamentary votes began proposing an alternative solution that had been proposed earlier to control the price of the dollar in the market and prevent its rise to more than the official pricing.

The matter started from a proposal from the Parliamentary Finance Committee represented by its member, Representative Muhammad al-Shabaki, when it was proposed to spend half the salary for employees of non-sovereign ministries in dollars for two months and at a subsidized price to address the difference between supply and demand for hard currency, which would contribute to the stability of its prices.

Al -Shabaki said in a press statement, "The Parliamentary Finance Committee was keen to take a set of measures and include them in the text of the budget in order to reduce and limit the damage that resulted from the high exchange rate of the dollar against the dinar," indicating that "among those measures is the increase in the allocations of the ration card items."

"With the aim of distributing them on a monthly basis, what affects the stability of prices in the market for basic commodities such as edible oil, sugar and rice, as a result of the balance of supply with demand."

He pointed out that “and within a personal proposal and not a proposal from the Finance Committee, I see the need for the government to spend 50% of the two-month salary for employees in non-sovereign ministries exclusively in dollars and the other half in Iraqi dinars, and that the price is supported between 1300-1350, which clearly contributes to controlling the price of the dollar.
In the market, by addressing the issue of a demand for the dollar, but there is no supply, but then the dollar will be available to employees and not only to banks, which reduces the demand for it and speculation in its prices.

Human rights are joined

For his part, the head of the parliamentary human rights committee, Arshad al-Salhi, called on the government to distribute salaries for the next three months in dollars instead of the Iraqi dinar.

Al-Salhi said in a statement today, that “after the Iraqi Ministry of Oil’s statement on the amount of its oil exports for the month of March, revenues amounted to $ 5.8 billion, indicating that the amount of exported oil is 91 million 311 thousand and 929 barrels, at an average price of $ 63.329 per barrel, despite OPEC’s decision to reduce production. “.

Al-Salihi called on the government to distribute salaries for the next three months in dollars so that the aggrieved citizen can return part of his stolen right, which will lead to a direct increase in the value of the Iraqi dinar.

How much is the value of salaries?

While the value of monthly salaries in Iraq is equivalent to about 6 trillion dinars, salaries used to cost the state according to the previous price of the dollar, about 5 billion dollars, but after the decision to reduce the value of the dinar, the state had to pay only 4.1 billion dollars at the new price of the dollar, which equals 6 trillion. Dinar.

And if the government is forced to pay half of the salaries in dollars, this means that it will pay perhaps 2 billion dollars, compared to 3.1 trillion as well.

Earlier, before the devaluation of the dinar and the continuing fluctuation of the dollar’s prices, the Finance Committee demanded a similar request, but an economist considered the step "dangerous."

The specialist in economic affairs, Maytham Laibi, described the proposal to distribute the salaries of state employees "in dollars" as "an" improper "proposal and a step that threatens the national economy.

Laibi said in a press statement, "This proposal is not valid, and it will negatively affect the Central Bank in particular and the state budget in general."

He stressed, "The distribution of salaries in dollars will lead to the loss of monetary policy represented by the Central Bank, which is one of its most important functions to control the money supply, and the exchange rate, indicating that this step will increase" dollarization "operations, which means a decrease in the operations of keeping the dinar as a store of value.

Laibi said, “It is not certain that there will be a decrease in the demand for dollars in the currency auction if the state’s salaries are distributed in dollars.”

He added, "speculators and bankers will continue to speculate on the dollar for the purposes of achieving quick profits, expecting that the difference between the exchange rate for buying dollars by speculators and the price at which employees receive dollars will increase."

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Edited April 3, 2021 by DinarThug

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