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Mr. Sadr tweets on the budget and warns


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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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A Kurdish statement about Baghdad and Erbil's budget commitments: It has three advantages

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1st April, 2021


Head of the Change Bloc in the House of Representatives, Yusuf Muhammad, on Thursday, said the approval of the 2021 budget is a step towards solving the economic problems in the country if compared with effective steps to combat corruption, indicating that it has 3 advantages.

The head of the bloc said, in a statement that Mawazine News received a copy of, that "some points of government reform programs have been placed within the framework of the budget law, and their approval is a step towards reaching the benefits to those who are entitled, especially from the poor and those with limited income." 

He added that "this year's budget is distinguished by encouraging the advancement of infrastructure and investment in the agricultural and industrial sectors, in an attempt to reduce dependence on oil, in addition to reducing public expenditures," noting that "the proposals submitted by the Finance Committee led to a significant reduction in the financial deficit."

Regarding the relationship between the federal government and the Kurdistan region and the agreement that led to the passage of the budget, Muhammad considered 

"this is a step in the right direction," calling for "the implementation of commitments during the coming months to be a goodwill gesture towards resolving the differences between them, especially with regard to how to extract and export oil and gas in the region."

The region and regarding the region’s budget, and finding radical solutions to the existing problems."

 

The head of the bloc stated that 

"THE APPROVAL OF THE OIL AND GAS LAW in the near future

will have a positive impact towards resolving the existing differences between the federal government and the region,

and the budget included an item on reviewing all contracts with oil companies in a manner that achieves the highest benefit and is consistent with the principles of the constitution throughout Iraq," 

 

This represents a good opportunity for the region to re-negotiate and balance some of the contracts concluded during the financial distress in the region, especially with regard to the oil pipeline that passes through the territory of the region to Turkey and the port of Bandar Ceyhan on the Mediterranean, and the secret and vague contracts and agreements with the Turkish side.
 

He emphasized that "the lesson in recent agreements and understandings is in their application, in order to achieve the advancement of the Kurdish citizen who has suffered both over the past years and solve all his economic and financial problems." 

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Central Bank Governor: Iraq is implementing its reform plans

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1st April, 2021


Governor of the Central Bank, Mustafa Ghaleb Makhaif, confirmed, on Thursday, that Iraq is implementing its reform plans.

The Central Bank said in a statement that Mawazine News received a copy of, that "his governor participated, as a representative of Iraq, in the spring meetings of the International Monetary Fund."

Frightening stressed during a speech delivered at the meeting, "Iraq is implementing its reform plans towards fiscal and monetary policy."

He pointed out, "The Corona pandemic was and still is one of the obstacles facing the Iraqi economy despite the proactive measures that the central bank or the government worked on," stressing, "the country's keenness on international and regional openness in a way that serves Iraq's economic and financial interests."

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The first government comment on approving the budget .. This is what will happen in the coming days

 
The first government comment on approving the budget .. This is what will happen in the coming days
 
 
04/01/2021 09:55:40
 
 
The financial advisor to the prime minister, Mazhar Muhammad Salih, said that there are projects that will be implemented in the coming days that were pending the approval of the 2021 budget law.
 

Saleh told {Al-Furat News} that "government expenditures constitute 50% for the operation of manpower and its effects for the operation of economic activity constitute 85%." 

The government consultant added that "economic activity depends on government expenditures," stressing that "voting on the budget has a positive effect to initiate economic activities."  

He pointed out that "there are new projects that will start work in the coming days and will provide thousands  of job opportunities for the unemployed." 

Saleh pointed out that "there are operational programs to combat poverty and promote the ration card items, which were awaiting the vote on the budget law.   

The House of Representatives voted late last night on the articles of the Budget Law for 2021, after rounds of negotiations and conflicts that lasted for three months.

The political blocs, which participated in the voting session, added two articles that were not included in the draft budget, the first obligating the Council of Ministers to send the names of those in charge of the positions of independent bodies and special ranks to Parliament, by no later than June 30, to end the management of those positions by proxy.

As for the second article added to the law, it stipulates allocating 30,000 job grades for the return of those whose contracts have been avoided by members of the PMF. Five articles (20, 38, 42, 43, 47) were dropped in the vote. 
Parliament voted on Article (11) on the Kurdistan region’s share smoothly, and this article was one of the most prominent articles that obstructed the vote on the law.

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SULAIMANI — Head of the Patriotic Union of Kurdistan (PUK) caucus in the Council of Representatives Ala Talabani on Thursday (April 1) told her party’s official media outlet that if Kurdistan Regional Government (KRG) implements its commitments outlined in the 2021 Federal Budget Law, then the federal government will send the Region’s share.

She said the budget will be implemented from the beginning of this year and KRG will be given funds dating back through the first three months, provided it submits the oil that it is obligated to send to federal oil marketer SOMO.

On Wednesday, the Council of Representatives approved the budget including Article 11, which outlines the Kurdistan Region’s share.

(NRT Digital Media)

 

 
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ERBIL, Kurdistan Region — Kurdistan Region and Iraqi leaders have spoken of their hope and optimism that the Wednesday passage of the 2021 budget bill will lead to closer ties between Erbil and Baghdad. 

The budget approval puts an end to months of disputes between Erbil and Baghdad over the Kurdistan Region’s share of federal funds.

“We hope that this becomes a precursor for developing relations between the Kurdistan Region, the federal government, and all political parties,” Kurdistan Region Deputy Prime Minister Qubad Talabani said in a statement early Thursday morning.

“We ensure everyone that we will instantly start abiding by this law,” he added, calling on Kurdistan Regional Government (KRG) ministries to work with their Baghdad counterparts to implement the budget. 

The budget bill, approved by the Iraqi Council of Ministers in December, took more than three months to be passed by Iraq’s parliament. 

Talabani led a KRG delegation to Baghdad several times in an attempt to resolve budget disputes.

The budget was passed with several edits. The Kurdistan Region will hand over the revenue of no less than 250,000 barrels of oil at state-regulated prices to Baghdad in exchange for federal funds, according to the legislation passed on Wednesday.

Deputy speaker of the Iraqi parliament Bashir al-Haddad told Rudaw’s Halkawt Aziz that the Kurdistan Region’s share was allocated at 12.67 percent of the budget.

“Passing the Iraqi budget is a step toward improving the livelihood of people and reviving the economy,” Iraqi President Barham Salih said in a tweet late Wednesday night, shortly after the bill was passed.

"We hope that everyone abides by the law. Approving the budget could be a good start and a boost toward fixing the other problems between Kurdistan Region and the federal government," read a statement from Kurdistan Region President Nechirvan Barzani, who expressed his gratitude for Talabani, the KRG delegation, and Kurdish representatives in the parliament. 

Iraq and the Kurdistan Region’s prime ministers have also spoken optimistically about the passage of the bill. 

"Iraq needs cooperation and mutual helping hands when it comes to solving problems, stability, prosperity, and a better future, and we all need to support such an approach," Barzani added.

"Despite all the comments, approving the budget is an important step forward, and it is proof that cooperation is what brings forth progress and stability," Iraqi PM Mustafa al-Kadhimi said in a tweet.

"We did not get everything we wanted, but the law is consistent with key principles of the constitution from which we have not wavered," Kurdistan Region PM Masrour Barzani said in a statement, describing the parliamentary vote of approval as a "milestone moment for the KRG."

"I hope to see every article of the budget law implemented and federal payments finally restored to the KRG. Its full implementation would provide both governments with recourse against the disputes over payments since 2004," he added. "These steps will underpin restored cooperation and trust, essential tenets of all we will go on to achieve."

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Barzani: Approving the budget is a good start to solving all problems

 

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1st April, 2021

 

The President of the Kurdistan Region, Nechirvan Barzani, Thursday, called on all parties to adhere to the budget law, while praising the Kurdish negotiating delegation

Barzani said in a statement seen by "Al-Eqtisad News", that "on the occasion of the approval of the Iraqi federal budget, I congratulate the people of Iraq and stronger at the hands of the presidency and all the blocks of the House of Representatives, and that the efforts of Prime Minister Mustafa Al-Kazemi to mitigate differences and achieve the agreement are appreciated and thanked

He added, "For the purpose of solving problems, achieving stability, urbanization and a better future, Iraq needs joint cooperation and joint action, and we must all support this trend

He continued, "It is particularly strong at the hands of Qubad Talabani, the head of the negotiating government delegation, who fought with the members of the Kurdistan region delegation with a long soul and with the success of difficult talks.

It is stronger at the hands of the Kurdish blocs that cooperated and cooperated with each other and with the government delegation to fix the share of the Kurdistan region in the Iraqi budget

Barzani expressed "his hope that all parties adhere to this law, and ratification of the budget can become a good start and an incentive to solve the rest of the problems of the Kurdistan region and the federal government, and the implementation of the law will lead to strengthening the political process, coexistence and consolidating the right of citizenship for all, and the door will open to fruitful dialogue for all parties." 
Let us all work together for the stability, reconstruction and progress of the country

###########

Barzani on voting on the budget: its approval paves the way for resolving the remaining disputes of Baghdad and Erbil  LINK

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Thursday ... a big jump in the dollar exchange rates in the local markets in Baghdad

Posted 7 hours ago
News source / newsroom
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newsroom
News source / newsroom

The exchange rate of the dollar recorded a big jump today, Thursday, April 1, 2021, on the main stock exchange and local markets in the capital, Baghdad.

The exchange rate of the dollar rose today, on the Kifah Central Stock Exchange in Baghdad, to 146,700 dinars for every $ 100 bill.

The prices of buying and selling currency in the exchange offices and local markets in Baghdad also jumped, with the sale price reaching 147,250 dinars for each $ 100 note, while the purchase prices reached 146,250 dinars per 100 dollar bill.

See also:

In numbers ... The exchange rates of the dollar in Baghdad and the Iraqi provinces today, Thursday, 4/1/2021

The Central Kifah Stock Exchange had recorded an exchange rate on Wednesday at the opening, which amounted to 145,750 dinars for each $ 100 bill

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The dollar reaches 150 thousand against the Iraqi dinar ... at this date

Posted 2 hours ago
News source / NR TV
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NR TV
News source / NR TV

 

The former director of the Central Bank of Iraq and economist Mahmoud Dagher expected, on Thursday, that the price of the dollar in the Iraqi market would reach 150,000 Iraqi dinars in the coming days.

Dagher said in a statement to NRT Arabia (April 1, 2021), that "the central bank has nothing to do with fluctuating prices, as it sells for 146 thousand dinars for every hundred dollars," noting that "after the budget is approved, the value of the dollar will rise due to demand and the implementation of projects to reach To 150 thousand per 100 dollars. "

He explained that "the monetary mass in the Iraqi market reaches 70 trillion dinars, which puts pressure on demand after the budget is approved."

Dagher pointed out that "the price voted on by Parliament is the contractual price between the Central Bank and the Ministry of Finance, while the market price is 147 because the Central Bank sells for 146

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The American embassy expresses its happiness with the budget passing

Posted 52 seconds ago
News source / Tigris Channel
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Tigris Channel
News source / Dijla Channel

 

 

Today, Thursday, the US embassy in Baghdad expressed its happiness at the passage of the federal budget law for 2021.

"We are pleased that Iraq has approved the 2021 budget and can now move forward on the path of implementing economic reforms that will lead to greater prosperity and security," the embassy said in a statement received by "Tigris".

She added, "The United States looks forward to continuing our partnership with Iraq and the Iraqi people."

 

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After approving the budget, mourning calls for solidarity action to overcome the economic crisis and resolve the outstanding issues between Baghdad and Erbil

Posted 2 minutes ago
News source / Baghdad today
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Baghdad today
News source / Baghdad today

Al-Haddad: Approving the budget was not easy, but the council finally succeeded in voting on it after great efforts from all parties, and we must now follow up and monitor the proper implementation of its provisions.

    ___________

Today, Thursday, 4/1/2021, Deputy Speaker of the Iraqi Council of Representatives, Dr. Bashir Khalil Al-Haddad praised the exceptional efforts of the national political forces and parliamentary blocs all in passing the draft federal budget law for 2021 in yesterday's session, while highly appreciating the great efforts of the Finance Committee and its continuous coordination with the government, and praised The role of the Kurdistan Regional Government delegation and its meetings with national forces and parties, and a series of meetings with the Finance Committee, to reach convergence of views and agreement on Article 11 related to the region’s share and settlement of dues.

The Vice President of the Council noted by saying in this statement: “Approval of the budget was not easy, but the Council finally succeeded in voting on it after great efforts from all parties, and we must now follow up and monitor the proper implementation of its provisions, and the General Budget Law is the most important law related to the country's interests and stability, And the rights of citizens in all governorates of Iraq, paving the way for comprehensive development, and its approval is a positive step towards promoting market stability and raising the standard of living for the poor classes. 

Al-Haddad expressed his hope that this would be an impetus for solidarity work towards recovery from the era of challenges, overcoming economic and health crises, consolidating the foundations of social justice in the country, and resolving the outstanding issues and issues between Baghdad and Erbil, stressing that passing the budget is a major step that must be invested in the direction of strengthening the foundations of the true partnership between All components of the people are within the framework of the constitution and to continue building and lasting stability 

Media Office of the Vice President of the Iraqi Parliament

Thursday 1 April 2021

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14 minutes ago, 6ly410 said:

 

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Massoud Barzani sends a message to politicians in Baghdad and Erbil after approving the budget

image.jpeg.dc10f45da9deb3d75bcd563a15e6307e.jpeg

 

1st April, 2021


The leader of the Kurdistan Democratic Party, Masoud Barzani, on Thursday, sent a message to the politicians of Baghdad and Erbil, after the approval of the federal budget.

Barzani said, in his message, Mawazine News received a copy of it: "The occasion for approving the federal budget in the Iraqi parliament is more severe at the hands of all Kurdish and Iraqi political parties."

And he added, "I thank the delegation of the regional government, the Kurdish blocs and other blocs in the Iraqi parliament, which, through their efforts and dedication, managed to reach a result through which the Kurdistan region's dues were proven in the federal budget."

He added, "Approval of the budget is a positive step in the right direction.
We hope that it will be the beginning of strengthening the principles of dialogue and peaceful coexistence and re-establishing the foundations of true partnership between all Iraqi components." 

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Central Bank: Iraq is implementing its reform plans
 
 
18a2308669e075d383e7b415f19d9447?s=26&r=Author: ahad7 On 1/4/2021 - 5:41 PM 81

 

Central Bank Governor Mustafa Ghaleb Makhaif confirmed, Thursday, that Iraq is implementing its reform plans.
The central bank said in a statement that "Al Ahed News" received a copy, that "his governor participated, as a representative of Iraq, in the spring meetings of the International Monetary Fund."
He stressed frightening during a speech delivered at the meeting, "Iraq is continuing to implement its reform plans towards fiscal and monetary policy."
He pointed out, “The Corona pandemic was and still is one of the obstacles facing the Iraqi economy despite the proactive measures that the central bank or the government worked on,” stressing “the country's keenness on international and regional openness in a way that serves Iraq's economic and financial interests

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CBI: Iraq is implementing its reform plans

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  • Today, 18:15
 

BAGHDAD - INA
In a statement received by the Iraqi News Agency (INA), the Central Bank of Iraq said, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb, Mukhif, representative of Iraq participated in the spring meetings of the International Monetary Fund."
During a speech at the meeting, Mukhif confirmed that Iraq is continuing to implement its reform plans towards fiscal and monetary policy.
”The governor noted, according to the statement that“ the Corona pandemic was and still is one of the obstacles facing the Iraqi economy despite the pre-emptive measures that the central bank or the government worked on, ”stressing. The country's keenness on international and regional openness to serve Iraq's economic and financial interests.

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Al-Qassab: Al-Kazemi will take more bold steps after passing the budget and setting the date for the elections

Al-Qassab: Al-Kazemi will take more bold steps after passing the budget and setting the date for the elections
{Policy: Al-Furat News} Political analyst Najm Al-Qassab said Prime Minister Mustafa Al-Kazemi would take more bold steps after announcing the vote on the draft federal budget law for the year 2021 and setting the date for early elections on October 10.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

Al-Qassab said {to the Euphrates News} that "Al-Kazemi was waiting for two positions {the passage of the budget and the dissolution of the House of Representatives for itself}, as well as the vote on amending the Federal Court law."
He added, "Al-Kazemi will take more bold steps after passing the budget and setting the date for the elections, and the ball has now moved from the court of Parliament to the government and we are waiting for the coming days and the decisions it will bear," calling him to "fulfill his pledge, hit the corrupt and kill the demonstrators."
The House of Representatives voted in its session yesterday, Wednesday, on the fiscal budget law for 2021 with a value of 129 trillion dinars, after difficult labor and months of discussions regarding it for the divergence of views and differences between the political blocs on the one hand and between Baghdad and Erbil on the other hand.
Wafa Al-Fatlawi

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28 minutes ago, DinarThug said:

Massoud Barzani after approving the budget

image.jpeg.dc10f45da9deb3d75bcd563a15e6307e.jpeg

 

1st April, 2021


The leader of the Kurdistan Democratic Party, Masoud Barzani, on Thursday, sent a message to the politicians of Baghdad and Erbil, after the approval of the federal budget.

Barzani said, in his message, Mawazine News received a copy of it: "The occasion for approving the federal budget in the Iraqi parliament is more severe at the hands of all Kurdish and Iraqi political parties."

And he added, "I thank the delegation of the regional government, the Kurdish blocs and other blocs in the Iraqi parliament, which, through their efforts and dedication, managed to reach a result through which the Kurdistan region's dues were proven in the federal budget."

He added, "Approval of the budget is a positive step in the right direction.
We hope that it will be the beginning of strengthening the principles of dialogue and peaceful coexistence and re-establishing the foundations of true partnership between all Iraqi components." 

 

And Note The Picnic Tablecloth ‘Do Wrap’ - Along With The “Member’s Only” Scout Leader’s Look Jacket, Smartly Fastened At The Waist With A Silk Sash Sumo Wrestling Belt ! :o

 

image


Don’t Try Telling Me That This Guy Isn’t A Super Trendy Cutting Edge Fashionista ...

 

:D  :D  :D 
 

Edited by DinarThug
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13 minutes ago, dinarham said:

  We dinar holders are about to get really popular with family ,friends ,and others .

I gotta feeling I am about to get a whole lot more handsomer. I damn near expect some people I know to mistake me occasionally for George Clooney....lol 🤣:eyebrows: 😁

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The sell currency window started as a timed measure

Thursday 01 April 2021 97

https://alsabaah.iq/43804/نافذة-بيع-العملة-بدأت-كإجراء-وقتي

The sell currency window started as a timed measure

 
 Baghdad: Mustafa Al-Hashemi
 
The Central Bank holds a daily auction (window) to sell foreign currency to banks, a measure it took after 2003 to raise the value of the dinar, which was collapsing during the 1990s, because this measure was proposed to be temporary until the currency stabilizes, according to the advisor to the Iraqi Institute for Economic Reform, It was decided not to continue with the currency selling window, so that the dinar was stabilized against the dollar in subsequent years, but it continued despite that.
Counselor Hussain Al-Khaqani told Al-Sabah that "one of the central bank's duties is to stabilize the exchange rate by receiving proceeds from selling oil in dollars, and pumping dinars to the Ministry of Finance in return, to support the approval of the budget, especially the operational ones."
Al-Khaqani added, "Before the year 2003, the central bank did not work with this procedure, but the circumstances that came after that year made it necessary for the central bank to take a temporary measure that would raise the value of the dinar, which was very low against the dollar, and this procedure represented the opening of a window to sell the currency, in which it participated." Banks until achieving a balance in the market and adjusting the exchange rate.
He explained, "The central bank receives two reports per day (morning and evening) on the prices of basic materials (food) within the daily market movement for the purpose of displaying or reducing the supply of dollars, in the window of currency sale, accordingly."
The advisor to the Iraqi Institute for Economic Reform confirmed, "What the central bank sells now of dollars has decreased a lot from about 200 million dollars per day to much less, especially after the recent exchange rate adjustment on the value of the dinar."
According to a statement by the Central Bank, its foreign currency sales amounted to 25 million, 905 thousand and 199 dollars yesterday, with the participation of 7 banks to meet the requests to enhance the assets abroad, and the Central Bank noted that the data on foreign currency sales are sent to the General Tax Authority at the end of the fiscal year The Central Bank pointed out that "the classification of banks and companies depends on the level of compliance with the rules and standards of compliance with the Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015, and the Central Bank's instructions regarding the sale and purchase of currency, and the classification does not represent an evaluation of the performance of banks, which is subject to other international standards."
For his part, the specialist in banking affairs, Samir al-Nusiri, suggested that the Ministry of Finance implement the window of currency sale under its supervision and to clear the responsibility of the Central Bank from it.
Al-Nusairi explained to Al-Sabah that the proposal is to assume the Iraqi Trade Bank affiliated to it, and the role of the Central Bank in working in the window of currency sale, by transferring the revenues of the Ministry of Oil sales of crude in dollars to the Ministry of Finance in dinars, and releasing the Central Bank from it
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11 minutes ago, DinarThug said:

 

And Note The Picnic Tablecloth ‘Do Wrap’ - Along With The “Member’s Only” Scout Leader’s Look Jacket, Smartly Fastened At The Waist With A Silk Sash Sumo Wrestling Belt ! :o

 

image


Don’t Try Telling Me That This Guy Isn’t A Super Trendy Cutting Edge Fashionista ...

 

:D  :D  :D 
 

Not only is Massoud Barzani a fashionista, but he belongs to the Barzani Dance Club! Quite the "lady's man". :eyebrows: As ZZ Top put it, "Every girl crazy, 'bout a sharp dressed man." 😁...doing his thang...

 

 

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