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11 hours ago, DinarThug said:

Al-Kazemi calls for speeding up the approval of the budget and reveals directives to confront "greedy" traders

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30th March, 2021

Prime Minister Mustafa Al-Kazemi called on the Council of Representatives to expedite the approval of the federal budget for 2021, while revealing directives issued to the security services to monitor the "unreasonable" rise in prices and confront "greedy" traders.

Al-Kazemi said during the cabinet session held today, Tuesday, 

"We look forward to speeding up the passage of the federal budget law, and the paragraphs it contains that address the needs of the poorest classes, and support system">s’upport service projects that affect the lives of citizens." 

He added that "all ministries must work with all their efforts to support system">s’upport the Ministry of Trade in order to distribute the ration card items to citizens and not give some traders an opportunity to exploit the citizen's needs.

Al-Kazemi added, "We instructed the Ministry of the Interior and the National Security Agency to monitor the unreasonable rise in prices as a result of the greed of some merchants."

 

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Al-Kazemi on the price of the dollar: We are starting to see the results of its change and we look forward to speeding up the approval of the budget


Al-Kazemi on the price of the dollar: We are starting to see the results of its change and we look forward to speeding up the approval of the budget
 
 
03/30/2021 15:16:38
 

The Prime Minister, Mustafa Al-Kazemi, confirmed, on Tuesday, that we have begun to see results on the change of the dollar’s exchange rate, indicating that we look forward to speeding up the approval of the budget.

 
"We hope to stay away from auctions in the issue of the dollar exchange rate, as the decision was taken by the Central Bank according to a vision and a targeted strategy," Al-Kazemi said during the cabinet session held today.

He added, "We are starting to see the results on the growth of cash reserves, and on Iraq's international credit rating." 
 

And he added that "challenges continue in the country due to the nature of the situation, which requires the solidarity and cooperation of all to overcome them."

He continued, "We look forward to speeding up the approval of the federal budget law, and the paragraphs it contains that address the needs of the poorest classes, and support service projects that affect the lives of citizens." 

He noted, "All ministries must work with all their efforts to support the Ministry of Trade in order to distribute the ration card items to citizens and not give some merchants an opportunity to exploit the citizen's needs."

"We directed the Ministry of Interior and the National Security Agency to monitor the unreasonable rise in prices as a result of the greed of some merchants," Al-Kazemi indicated during his speech, explaining that "the ministries must work diligently to support reform decisions according to the strategy prepared for them." 
 

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AFTER WEEKS OF DELAY, IRAQ’S COUNCIL OF REPRESENTATIVES PASSES BUDGET FOR 2021     SULAIMANI —  After weeks of delays caused by disagreements between the political parties, Iraq

You have to learn to read between the lines... They aren't going to come right out and tell you that they are going to change your life forever!!!  Seriously Greedy!  You fluctuate moods more than I d

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Mustafa Al-Kazemi: The decision on the dollar’s exchange rate was taken by the Central Bank

Wednesday 31st March 2021


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Baghdad: Morning

 
Prime Minister Mustafa Al-Kazemi demanded, on Tuesday, to stay away from auctions in the issue of the dollar exchange rate, stressing that the decision was taken by the Central Bank according to a purposeful vision and strategy, and we began to see the results on the growth of monetary reserves, and on Iraq's international credit rating.

Al-Kazemi said, during the regular session of the Council of Ministers: “Challenges continue in the country due to the nature of the situation, which requires the solidarity and cooperation of everyone to overcome them,” expressing his “aspiration to expedite the passage of the Federal Budget Law, and the paragraphs it contains that address the needs of the poorest classes and support projects Service affecting the citizen’s life ».

He called on all ministries to "work with all their efforts to support the Ministry of Trade in order to distribute the ration card items among citizens and not give some merchants an opportunity to exploit the citizens' needs." 
Some dealers ».

He added that "the ministries must work diligently to support reform decisions according to the strategy prepared for them, and pressures must be faced with patience and work." On the other hand, a spokesman for the Prime Minister, Dr. Hassan Nazim, Minister of Culture and Antiquities, said that Al-Kazemi called on the Ministry of Trade to support the ration and that there are measures in the ministry to meet the ration now and at the beginning of the month Ramadan
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Parliamentary Finance announces the readiness of the budget to vote

 

Wednesday 31st March 2021
 

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Baghdad: Muhannad Abdul-Wahhab

 
The Finance Committee in the House of Representatives announced that the budget is ready for voting, and indicated that the deficit in it could be filled by the difference between the price of a barrel of oil at 45 dollars and the official price at which oil is sold at the present time, which is 64 dollars.

Committee reporter Ahmed Al-Saffar told Al-Sabah: “The budget deficit has reached 28 trillion dinars, and it is possible that after the changes that may occur during the consultations regarding the budget, related to the petro-dollar, the provincial shares and the regional development, the deficit will exceed 30 trillion Dinar".

"Addressing the deficit begins with financial abundance, which is achieved from the difference between the planned price, which is $ 45 per barrel of oil, and the official price at which a barrel of oil is sold, which is $ 64 per barrel, and from this difference the deficit is financed."

He added that "there are no new loans. Rather, old loans are continuing, and external borrowing has been stopped," noting that "borrowing in the economy is not a bad process."
On the financial allocations of the governorates from previous years that were returned to the treasury, he indicated that "the Council voted in Prior to the amendment of the Financial Management Law, resolving the red tape between the governorates and the Ministry, which led to the inability to disburse the financial allocations to the governorates and were returned to the state treasury, and the vote to amend the law dealt with red tape and gave additional powers to governors, and set a text for the possibility of rotating the allocations and transferring them to the Sunnis Which after it, provided that the project is continuing ».

Al-Saffar continued: “The differences over the budget were resolved between the regional government delegation and the federal government, and this agreement was translated into Article 11 of the budget,” indicating that “the Finance Committee voted on all budget articles, and by voting, the opposing votes and the supporting votes will be clear.”

In addition, a member of the committee, Majda Al-Tamimi, announced that the general budget law is ready for voting.
She is likely to vote on the budget law within the next two days.
She stated, "We expect at any moment to set a session by the Presidency of the Council of Representatives to vote on the budget law."

Al-Tamimi indicated that "the Parliamentary Finance Committee handed over the draft budget law to the Presidency of Parliament since mid-February, and since that date the budget has been ready for voting."

The MP for the Saeron bloc indicated that "the bloc was present with the full number of its members in the House of Representatives to vote on the budget law last Sunday," indicating that "any political bloc or any deputy has the right to vote or not on some articles and paragraphs of the law according to their convictions.

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

In turn, committee member Muhammad al-Shabaki said: “The dialogues between political forces to resolve differences over the 2021 budget bill are ongoing and not stopped, but are currently being held outside the House of Representatives building, between all political forces.” And he continued: “We believe that the vote session on the budget is ongoing. It will be the end of this week, after resolving the differences during the dialogues currently taking place outside Parliament ».

In the meantime, the representative of the Al-Fateh Alliance, Thamer Theban, confirmed that "Article (11) in the budget related to the share of the Kurdistan region is almost settled, and it is no longer a deep disagreement like the previous one, and it is on its way to a solution."
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10 minutes ago, DinarThug said:

Parliamentary weights to vote on the budget tomorrow

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30th March, 2021


A Deputy from the Patriotic Union of Kurdistan said that the parliament would hold a session tomorrow, Wednesday, to vote on the budget bill for 2021.

According to his party's media, MP Hussein Nermo said, "A number of parliament members collected about 40 signatures to hold a session tomorrow, Wednesday," To vote and settle the draft federal budget law for 2021."

Nermo added, "The Kurdish blocs in the House of Representatives do not oppose holding a session Wednesday to settle the budget,"pointing out that "the Parliamentary Finance Committee voted during the past days on Article 11 of the Kurdistan region in the draft budget law." 

 

8 minutes ago, DinarThug said:

Vice President: Tomorrow is the date for voting on the budget

Vice President: Tomorrow is the date for voting on the budget
 
 
03/30/2021 17:44:10
 
 
The deputy of the Patriotic Union of Kurdistan, Hussein Narmo, suggested tomorrow, Wednesday, the date for the vote on the draft federal budget bill for 2021.
 
Nermo said, in a press statement, that "deputies collected about 40 signatures to hold the session on passing the budget tomorrow, Wednesday, and that the Kurdish blocs did not oppose the decision." "The Parliamentary Finance Committee has voted in recent days on Article 11 of the Kurdistan Region in the draft budget law," Nermo said.
The House of Representatives, on Sunday, failed again to vote on the 2021 budget, despite reports of an agreement on the Kurdistan region’s share.

A representative source stated (to the Euphrates News) that, despite the agreement on the share of the Kurdistan region, which was the budget knot, the differences moved to other materials such as contracts, job grades, the dollar exchange rate, the displaced, and the reconstruction of devastated areas.
A member of the Parliamentary Finance Committee, Sherwan Mirza, also expected a new date for voting on the budget through {Euphrates News}, stressing the continuing differences over the draft law between the political blocs. Mirza is likely to approve the budget this week.

Parliament sets the date for approving the budget and dissolving itself


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-03-30 13:10

 
Shafaq News / The Iraqi Council of Representatives (Parliament) has set, on Tuesday, a date to hold a voting session on the country's financial budget for the current year.

 

The Presidency of the Council said in a statement received by Shafaq News, that "legislating the federal budget law for the fiscal year 2021 is one of the important steps, because it affects the interests of the citizen, and the paragraphs it holds that directly address his needs, as well as enabling the government to proceed with the implementation of its government program. And support for service projects that affect the daily life of the citizen.

 

She added, "Therefore, we call upon members of Parliament to attend tomorrow, Wednesday, at 1 pm, to hold the long-awaited vote session on the budget law, and we also note that the names of attendees and absences will be published on public opinion."

 

And she continued by saying, "The agenda of tomorrow's session will also include the presentation of the request submitted by the political forces, which is supported by the signing of more than 172 deputies to vote on the dissolution of the Iraqi parliament in its fourth session, according to the provisions of Article 64 first of the Iraqi constitution, and this step comes in response to popular demands for action Early elections".

 

The Presidency said, "With this, the parliament has fulfilled all the requirements and practical steps to conduct early elections, including the formation of an independent commission of judges, the legislation of the House of Representatives election law, and voting on the First Amendment Law (Order No. 30 of 2005) the Federal Supreme Court Law."

 

Parliament failed over the last months of approving the budget bill due to disagreements over some of its provisions, especially those related to the Kurdistan Region’s share as well as the dollar exchange rate.

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The meeting of the Shiite blocs ends with an "agreement" to pass the budget


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2021-03-30 14:26

 

Shafaq News / An informed source revealed that the Shiite blocs agreed, on Tuesday, to pass the draft federal budget law during the parliament session tomorrow, Wednesday.

 

The source told Shafaq News, "The Shiite political blocs agreed during a meeting this evening to mobilize their deputies to attend a session tomorrow, Wednesday, set by the Presidency of Parliament to vote on the budget law."

 

He added that "the heads of political blocs left the choice open for members of Parliament to vote in acceptance or rejection of the budget paragraphs."

 

The source pointed out that "the Presidency of Parliament will hold a meeting tomorrow, Wednesday, with the heads of political blocs before the meeting, but that the session may be two or three hours late for the specified time."

 

The Shiite forces had met, on Tuesday evening, to settle the controversial points in the federal budget law.

 

For his part, MP for the Saeron bloc, Burhan Al-Mamouri, said in a statement, "The Saeron Parliamentary Bloc will be the first to attend the House of Representatives session tomorrow, Wednesday, to vote on the 2021 budget."

 

And he called on the government, "not to burden citizens with the burden of drawing monetary policy." He also called on the government to "issue immediate decisions to address the issue of rising prices for essential commodities, and we stress that they should be returned to their place."

 

The differences focus on Article 11 of the draft budget related to the share of the Kurdistan Region, which stipulates that it will deliver 250 thousand barrels of oil per day, along with its tax revenues to Baghdad, in return for receiving 12.6 percent of the budget.

 

Political blocs also reject what was stipulated in the budget to exclude the segment of citizens whose monthly salaries exceed 1.5 million dinars from benefiting from the ration card, as well as returning 30 thousand of those whose contracts had been canceled from the popular crowd to service.

 

Other blocs refuse to vote on the budget if the exchange rate of the dinar against the dollar is not modified, by returning it to its previous state.

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12 hours ago, DinarThug said:

Dr.. The appearance of Muhammad Salih *: The Iraqi dinar: between the debates of floating and reducing **
 

3/14/2021

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Although the monetary policy of the Central Bank of Iraq followed the shock method in adjusting the value of the Iraqi dinar by the procedures of December 19, 2020, the reduction in the exchange rate of the dinar, at a rate of 20%, was identical to the deficit in the current account of the Iraqi balance of payments relative to the estimated gross domestic product.

About (minus 20%) for the year 2020.

Thus, the amendment was in conformity with the theoretical foundations that relate the exchange rate adjustment to the two states of deficit or surplus in the current account of the balance of payments if the deficit and surplus fluctuated to GDP by more than 4% (negative) or (positive).

The debate has remained among some economists about the importance of the Central Bank of Iraq resorting to the floating currency float philosophy as an introduction to gradual adjustment instead of adopting the shock method and surprise the market with an alternative, low external value of the Iraqi dinar overnight!).

Floating the currency exchange rate, in essence, means adopting an exchange system whereby the external value of the national currency is determined according to the forces of supply and demand in the exchange market. 
 

This comes in contrast to the fixed exchange regime, in which the monetary authority or the central bank is in charge of determining the value of the dinar in relation to the foreign currency in advance and according to the rules of its monetary policy. The policies of floating the exchange rate adopted since the failure of the (Bretton Woods) system in 1971 based on the exchange rule

To continue reading, click on the following link to download the PDF

The appearance of Muhammad Salih - the Iraqi dinar - between the debates of the float and the reduction - edited

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Finance Minister: The change in the dollar’s exchange will continue for a long time, and this is his expectation of the flotation

Finance Minister: The change in the dollar’s exchange will continue for a long time, and this is his expectation of the flotation
 
 
03/31/2021 10:07:48
 
The Minister of Finance, Ali Allawi, said that the change of the dollar’s exchange rate will continue for a long time.
 

On the recent devaluation of the Iraqi dinar, which the government and the Central Bank made, Allawi said in a press statement that "negative expectations on commodity price levels were expected and what happened came less than expected, but it was a necessary step for years because of its importance in structuring the economy and reducing the bill to support the dinar," 

He explained, "The negative effects of the devaluation gradually fade away." 

He added, "The current price of the Iraqi currency against the US dollar after its devaluation will continue for a long time, and a full float may occur in the future, but the central bank will now work to maintain the current exchange rate level for as long as possible."

It is noteworthy that the exchange rates of the US dollar in exchange offices and local markets in the capital, Baghdad, reach 1435 dinars for purchase, and 1445 dinars for sale.

It is noteworthy that the Central Bank of Iraq decided on 19 December to amend the dollar exchange rate as follows: 

1450 dinars per dollar is the purchase price of foreign currency from the Ministry of Finance.
1460 dinars per dollar the selling price of foreign currency to banks.
1470 dinars per dollar is the selling price of foreign currency to the public.

It is noteworthy that Prime Minister Mustafa Al-Kazemi said during the cabinet session held today, Tuesday, "We hope to stay away from auctions in the issue of the dollar exchange rate, as the decision was taken by the Central Bank according to a targeted vision and strategy, and we began to see the results on the growth of the monetary reserve, and on the classification of Iraq." Credit internationally." 
He added, "We look forward to speeding up the passage of the federal budget law, and the paragraphs it contains that address the needs of the poorest classes and support service projects that affect the lives of citizens." 

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A deputy reveals a final agreement to pass the region’s share in today's session

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31st March, 2021

 

Member of Parliament, Representative Nasser Yusef, revealed, on Wednesday, that a final agreement had been reached between Baghdad and Erbil regarding Article 11 related to the Kurdistan region

Youssef said in a press interview, "There is a final agreement on Article 11 that was agreed upon between the Kurdistan Region delegation and the political forces

He added that "the delegation of the Kurdistan region and the political forces reached a final agreement that would speed up the passage of the federal budget in today's session," noting that "the region showed high flexibility with Baghdad in order to solve the complex matters and proceed to legislate the budget law as soon as possible

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1 minute ago, DinarThug said:

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A deputy reveals a final agreement to pass the region’s share in today's session

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noting that "the region showed high flexibility with Baghdad in order to solve the complex matters and proceed to legislate the budget law as soon as possible

Flexible? Never seen it. Wow!

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Tamimi talks about the possibility of approving a budget for a period of three years

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31st March, 2021

 

A member of the Parliamentary Finance Committee, Magda Al-Tamimi, revealed, on Wednesday, the possibility of approving a budget for a period of three years, while expressing her support for that

Al-Tamimi said in an interview with the Iraqi News Agency and its affiliate, Al-Eqtisad News, that “the government, according to the Financial Administration Law, has the right to present a short-term budget for a period of three years, and the House of Representatives votes on it obligatory for the first year, and the Council of Ministers has the right to amend it at the request of the Ministries of Planning and Finance.
It is amended for the second and third years and submitted to the House of Representatives for approval and voting

She added that "the Finance Committee supports submitting a budget for three years, as the delay that occurs in voting takes three or four months, which affects the overall economic activities and the lives of citizens," noting that "presenting the budget for three years reduces political disputes

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Before approving the 2021 budget ... the government begins preparing another budget


Before approving the 2021 budget ... the government begins preparing another budget
 

03/31/2021 13:31:05
 
 
A member of the Parliamentary Finance Committee revealed that the government had begun preparing the fiscal budget for 2022.
 

Committee member Jamal Cougar said in a press statement, "The federal government headed by Mustafa Al-Kazemi is charged with preparing the 2022 budget, and a committee has now been formed to prepare the budget bill for the next year."

He added, "If early elections are held on 10/10/2021, we need 45 days to validate their results and assign the largest bloc, and this may take two months and a new parliament and government will come, and this means delaying the 2022 budget."

Cougar stressed that "this government is tasked with preparing the 2022 budget, and if the elections were held on time, it has played its role, and if the elections did not take place, it is the authority of the current government to prepare the budget for next year."

It is noteworthy that the House of Representatives has failed more than once to approve the 2021 budget, and it is hoped that it will vote at the scheduled session today to approve it.

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Agenda for the parliament session today

Agenda for the parliament session today
 
 
03/31/2021 14:05:00
 
 
Actions of Session No. (4) Wednesday 31 / March 21
 
Reading verses from the Holy Qur’an 
 
First: To vote on the draft Federal Budget Law of the Republic of Iraq for the fiscal year 2021.  (Financial Committee).  (۵۸ material). 
 
Second: Voting on the application submitted by (18) in the final round
 
Three: General discussions (15 minutes)  one in the afternoon: Presidency of the House of Representatives

 
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A deputy reveals that there is an agreement and a majority is present to pass the budget
 

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31st March, 2021

 

Parliament member Jamal Fakher revealed, on Wednesday, that there is currently a political majority in the House of Representatives in order to pass the draft federal budget bill

Fakher said in a press interview, that "after marathon rounds of dialogues and discussions, we have reached the end and Salah al-Nur at the end of the federal budget tunnel after the consensus has been reached between most of the people's representatives to pass the federal budget in today's session," 

calling on the Presidency of the House of Representatives to "broadcast the session on Air and openly in front of the media


He added that "the political forces inside the parliament have reached a complete conviction of the importance of resolving the much-awaited budget," stressing that "there is a parliamentary majority now awaiting the holding of the vote session on the budget after the final drafting of the budget project is completed, printed and distributed to members of parliament

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Washington excludes Iraq and allows the import of electricity from Iran

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31st March, 2021

 

The United States agreed to extend Iraq's exemption from sanctions on Iran for its energy imports, for a period of 4 months

This is the first exemption given under the Biden administration and for the longest period permitted by law, and it comes days before a "strategic dialogue" between the two countries

It is clear that the Biden administration wants to extend a hand to the Iraqi government through this step, before a new "strategic dialogue" that is scheduled to begin on the seventh of April

Baghdad faces points of contention with Tehran, which is demanding it pay more than $ 6 billion, which are bills owed by the Iraqi Ministry of Electricity, as US sanctions prevent any dollar amount from being paid to Iran

But Western sources say that Iraqi officials have been given a green light from the United States to release the money owed to Iran in return for gas imports, amounting to two billion dollars, through a Swiss bank account

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America extends Iraq's exemption from sanctions on Iran for its energy imports  LINK

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With her misfortune" ... Economist: The government exaggerated the exchange of the dollar, but limited its smuggling


"With her misfortune" ... Economist: The government exaggerated the exchange of the dollar, but limited its smuggling
 
 
03/30/2021 21:42:12
 
 
The economic expert, Saleh Al-Hashemi, described the government's decision to raise the exchange rate of the dollar against the dinar as "sums".
 

Al-Hashemi told {Al-Furat News} that "changing the dollar exchange rate is an urgent need, despite the damages and negatives and its impact on poverty, the income of the Iraqi citizen and unemployment, but the Iraqi monetary bloc has not been balanced with the foreign cash reserve in the Central Bank of Iraq." 
 

He added, "There is a gap between the Iraqi monetary bloc, which is estimated at 97 trillion dinars, which is 10% of what the state owns and 85% of what the Iraqi street owns, but the government exaggerated the change of the price of the dollar and had to take a package of decisions regarding health insurance, protection of basic goods and preservation of prices."
From the rise, especially since Iraq is a commercial and not an industrial country, which is a "banking office," the money comes from oil sales and then goes out and returns as goods and services."


Al-Hashemi pointed out that "most of our goods are imported, and it is the misfortune of the Central Bank of Iraq and the government together that international prices have risen for some commodities, especially oil, which has risen globally, and there are auctions regarding the exchange rate. Parliament can change the fourth article of the budget by setting the exchange rate for the dollar and they do not complete it." 
 

He continued, "The decision to change the exchange rate, in its general form, is largely negative, but if the government had taken a parallel package of decisions that protect citizens, it would have advantages." 
 

He noted that "the central bank's sales of the dollar have declined very significantly, and there is no longer any feasibility and benefits from smuggling it due to its high price, and this preserves the foreign monetary mass in Iraq, but the government must review itself in the aspect of protecting citizens and their strength."

Last Sunday, the House of Representatives failed to hold a session to vote on the 2021 budget bill for the continuation of differences between the parliamentary blocs, and changing the dollar exchange rate became one of the budget's dilemmas. 
Parliament is scheduled to hold a session tomorrow, Wednesday, at one o'clock in the afternoon, to vote on the draft budget law. 
It is noteworthy that Prime Minister Mustafa Al-Kazemi said during the cabinet session held today, Tuesday, "We hope to stay away from auctions in the issue of the dollar exchange rate, as the decision was taken by the Central Bank according to a targeted vision and strategy, and we began to see the results on the growth of the monetary reserve, and on the classification of Iraq."
Credit internationally." 
"We look forward to expediting the passage of the federal budget law, and the paragraphs it contains that address the needs of the poorest classes, and support service projects that affect the lives of citizens," he added.

It is noteworthy that the Central Bank of Iraq decided on 19 December to amend the dollar exchange rate, as follows: 

1450 dinars per dollar, the price of buying foreign currency from the Ministry of Finance.
1460 dinars per dollar the selling price of foreign currency to banks.
1470 dinars per dollar is the selling price of foreign currency to the public.

The federal government attributes the decision to raise the exchange rate of the dollar to 1,450 dinars, after it was 1,190 dinars to fill the financial deficit that the state suffers from, which aroused the discontent of citizens as a result of the high prices in the local markets in general.

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Al-Kazemi recommends starting the implementation of the Chinese agreement and the cabinet will finance health to buy more vaccines


Al-Kazemi recommends starting the implementation of the Chinese agreement and the cabinet will finance health to buy more vaccines
 
 
03/30/2021 19:26:09

 
The Prime Minister, Mustafa Al-Kazemi, during his presidency of the council session held today, Tuesday, recommended to start implementing the Chinese agreement.
 
"Al-Kazemi recommended to start implementing the Chinese agreement because it will take a long time, and he also recommended supporting the ration card with the advent of the month of Ramadan," cabinet spokesman Hassan Nazim said during the weekly press conference, attended by Al Furat News. He added, "There are measures in the Ministry of Trade to meet the ration now and at the beginning of Ramadan."

"The cabinet also voted to fund the Ministry of Health to purchase more vaccines, while it decided to develop the Zubair and Majnoon fields to export more oil," Nazem added. 
 
He continued, "The government has also directed to form a working group to prepare preparations for hosting the Gulf Arab 25," describing it as "an important event that will help Iraq to open up." 
 
And Nazem said, "The government is on the verge of opening up its policy to countries, and it is continuing to establish a new future for Iraq, during which it will be a meeting point."

Regarding the high number of infections with the Coronavirus and the lack of interest in taking vaccines, the organizer of his press conference concluded by saying, "We have escalating infections and increasing vaccinations, and we need to raise awareness of taking the doses, especially since the world is heading to restore normal life with the escalation of taking the vaccine."
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The Parliament might switch the oil trading currency to the Iraqi dinar, MP says

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31st March, 2021


The Parliamentary Finance is considering a proposal to switch the oil trading currency to Iraqi dinar in lieu of US dollar in the accounts of the 2021 Federal Budget bill.

Committee member, MP Muhammad al-Shabaki, said in a statement to Shafaq News Agency, "We have a proposal to change the price of the oil barrel," indicating, "[according to this proposal] the barrel is priced by Iraqi dinar not US dollar as in the previous years' budgets." "The barrel of oil pricing will be changed from 45$ at 65 thousand dinars," he added.

Al-Shabaki explained, "this would not tamper with the operational and investment expenses in the budget." 
 

"The Ministry of Finance ensured that there is no technical impediment against this step," he elaborated, "this proposal is the most consistent with the constitution because it preserves the Iraqi currency."

Iraqi lawmakers failed to pass the Federal Budget bill in a lengthy session on Sunday earlier this week. They will convene this evening to vote on the pending issues.

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Parliament transfers the budget from the dollar to the dinar to overcome the dispute


Parliament transfers the budget from the dollar to the dinar to overcome the dispute
 
 
 03/31/2021 17:10:06
 
 
The House of Representatives decided in its meeting held today, Wednesday, to convert the federal budget for 2021 from the dollar to the Iraqi dinar.
 

A representative source said {for the Euphrates News} that "it was agreed to transfer the budget from the dollar to the Iraqi dinar, in order not to delay its approval and isolate it from the differences of the rise of the dollar."

He pointed out that "a proposal was made to follow up on the issue of the dollar with the central bank and finance in other sessions without marketing the crisis to the budget after it was agreed to transfer the budget from the dollar to the dinar."

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5 minutes ago, DinarThug said:

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The Parliament might switch the oil trading currency to the Iraqi dinar, MP says

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31st March, 2021


The Parliamentary Finance is considering a proposal to switch the oil trading currency to Iraqi dinar in lieu of US dollar in the accounts of the 2021 Federal Budget bill.

Committee member, MP Muhammad al-Shabaki, said in a statement to Shafaq News Agency, "We have a proposal to change the price of the oil barrel," indicating, "[according to this proposal] the barrel is priced by Iraqi dinar not US dollar as in the previous years' budgets." "The barrel of oil pricing will be changed from 45$ at 65 thousand dinars," he added.

Al-Shabaki explained, "this would not tamper with the operational and investment expenses in the budget." 
 

"The Ministry of Finance ensured that there is no technical impediment against this step," he elaborated, "this proposal is the most consistent with the constitution because it preserves the Iraqi currency."

Iraqi lawmakers failed to pass the Federal Budget bill in a lengthy session on Sunday earlier this week. They will convene this evening to vote on the pending issues.

Last time they tried this and we’re going to trade oil in the Euro, Iraq was invaded for pressing WMDs...hmm, it’s an important and powerful issue. Working outside the USD Petrodollar is HUGE!!!!

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The latest version of the 2021 draft budget


{Al Furat News} publishes the latest version of the 2021 draft budget
 
 
03/31/2021 15:27:16
 
 
Our agency is publishing the final draft of the fiscal budget bill for 2021.

Parliament is scheduled to hold a session today to vote on the budget.
To view the draft budget ... click here

47 pages long 

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LINK

Shafaq News publishes the text of the final draft of the budget

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31st March, 2021

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