Parliament awaits its second session

[yota691]

After Parliament directed to send it... a statement from Al-Kazemi's advisor regarding the 2022 budget

06:21

Fourth - Special

Today, Wednesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that disrupting the sending of the 2022 budget does not serve the country's interest, while indicating that it is time to send it to Parliament.

Saleh told Al-Rabaa, "The financial authority represented by the Ministry of Finance and one of its most important duties is to prepare a draft annual federal budget law according to pre-defined constitutional timings determined by the constitution and the Financial Management Law." 

He added that "the draft budget law is almost complete and prepared to be sent to the legislation, but what happened is that the legislative authority was transferred on 10/10 before the date of sending it, and the executive authority was in a business situation, and there was a constitutional impediment in sending the budget."

 

 He pointed out that "after the election of the legislative authority with the presence of an executive authority and despite the high controversy, it is possible for the executive authority to send the draft law to Parliament for deliberation and discussion to inform the Iraqi people of the state's vision in any direction because the budget is an annual plan that expresses growth rates, distribution and stability for an entire year. ".

And Saleh continued, "We have entered the second month of the year, and I think it is time to send the budget to Parliament, because the disruption in a country like Iraq does not serve the interest of the economic situation in it. The legislative track of the budget should at least send the budget for discussion."

He pointed out that "a country without a budget is working on the applications of the financial management law for last year's expenses, as if there was no change in it, and this is what is called the minimum budgets or the minimum law because the country from year to year witnesses great growth and developments, so it is necessary to send the general budget law for the current year." to Parliament.

And earlier, the Speaker of Parliament, Muhammad Al-Halbousi, directed the secretariat of the Council of Ministers to send the 2022 budget.

[yota691]

The Sadrist bloc is preparing to hold a press conference in the House of Representatives

2022.02.16 - 12:35

like0 

 

  

Baghdad - people  

The Media Department of the House of Representatives announced, on Wednesday, a press conference that will be held by the Sadrist bloc in Parliament.  

 

  

The department said in a statement, a copy of which was received by "Nass", (February 16, 2022), "We would like to point out to you that the Sadrist Parliamentary Bloc will hold a press conference at one o'clock in the afternoon in the parliament building."  

[yota691]

The Sadrist bloc threatens the "corrupt": Federal Court decisions are binding on all parties

2022.02.16 - 14:10

 

Baghdad - people  

The Sadrist bloc threatened, on Wednesday, what it called the "corrupt", while stressing that the decisions of the Federal Court are binding on all parties.  

  

 

  

  

In a press conference, which I held in the House of Representatives, and attended by the correspondent of “Nass” (16 February 2022), I stated that “out of the national responsibility regarding what was stated in the message of His Eminence Sayyid Muqtada al-Sadr to the Iraqi parliament, and what was indicated by His Eminence that the role of the House of Representatives was not limited to The formation of the government or the election of the three presidencies, and the necessity of activating the supervisory and legislative role entrusted to it together to achieve the aspirations of our oppressed people to achieve reconciliation and secure their necessary needs.  

The statement added, "We in the Sadrist Parliamentary Bloc pledge to His Eminence that the contents of His Eminence's message will be a platform for action and a beacon that enlightens the members of the bloc through effective work with the rest of the honorable brothers from the members of the Council to advance the oversight tasks entrusted to them by the constitution and to evaluate and evaluate the work of the executive authority in all its aspects. And the local administrations and the accountability of those who fail to perform national and moral duties towards the people in general and the disadvantaged groups in particular, in addition to the serious endeavor to enact legislation aimed at securing and meeting the requirements and aspirations of the citizen, and in a manner that serves the interest of Iraq far from pressures, interferences and narrow interests.  

The bloc pointed out that "we had previously requested the esteemed Presidency of the Council, in our letter No. (2) dated 2/3/2222, to expedite the formation of permanent parliamentary committees and the distribution of Council members to them according to experience and competence in order for them to exercise their parliamentary role, both legislative and oversight, in the service of Iraq and its people." .  

The bloc affirmed that "the members of the Sadrist bloc with those who will extend a helping hand to them from the honorable brothers from the rest of the deputies under the dome of Parliament, we will have a tour in supporting the local product and the national industry, monitoring and following up on the institutions concerned with monitoring the prices of goods and food products that affect the citizen's livelihood, and accountability and accountability of corrupt officials from previous and current governments, regardless of their religious, party or ethnic affiliations.  

She pointed out that this is done "through the work of the competent parliamentary committees in order to achieve the project of reform and eliminating corruption to build a strong and capable Iraq in which the corrupt have no place, and to work to provide the service that the people aspire to by completing service projects and lagging behind, as well as legislating important laws." .  

[nannab]

This otta be good hopefully we see Malarki's name on the list. I bet Al Sadr knows

a lot more about his good  buddies comings and goings and we or the people do.  

[yota691]

Central markets.. Differing opinions on limiting price hikes

Thursday 17 February 2022 128

 

 Baghdad: Haider Falih Al-Rubaie 

 

Specialists in economic affairs welcomed the House of Representatives’ moves aimed at curbing the rise in food prices in local markets, especially flour, stressing that the cooperation of the legislative and executive authorities in the face of rising prices is enough to reduce inflation rates that witnessed a significant increase during the periods.

previous. 

While they suggested activating the role of central markets and cooperative societies and supporting their work with the aim of creating a kind of competition and lack of

monopoly. 

They stressed the need for “economic security” to take a role in confronting monopoly operations and rising prices. 

The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, had called for the development of realistic solutions to address the causes of high prices and to hold manipulators accountable, calling on Prime Minister Mustafa Al-Kazemi, to take urgent action to find out the reasons for the significant rise in flour prices, and its direct impact on the purchasing power and living situation of people with limited income. At the same time, he stressed the importance of directing the authorities concerned with economic and food security to investigate the reasons for the rise in prices and to hold the manipulators and negligent accountable.

Citizens' needs

The economic expert, Abdul Rahman Al-Sheikhly, called during his speech to Al-Sabah to the need for “the diversification of markets sources of similar goods that will compete in quality and prices, indicating that the central markets represent important commercial facilities, but they are no longer able to meet the needs of the citizen, and that the private sector took over This matter, in a way that led to an excess in the supermarkets and malls that all offer the same goods and almost all of them are from one source.

Al-Sheikhly criticized the dependence of most Iraqi markets on a similar production source.

 

Shareholding company 

For his part, the economic researcher, Eng. Zaki Al-Saadi, suggested transforming the central markets into modern commercial malls, and transforming the Central Markets Company into a “joint stock company,” noting that “the Ministry of Commerce is exempt from customs taxes imposed on imported materials, and then there will be subsidized materials that can be To be sold at cheaper prices than its counterparts in the market local.”

Al-Saadi, who welcomed the parliamentary moves aimed at curbing the rise in prices, sees the need to rehabilitate central markets, and provide various foodstuffs and household necessities in them, indicating that this step will create a wide space for commercial competition and lack of monopoly.

Al-Saadi also suggested importing all foodstuffs and consumer goods through the “General Company for the Importation of Construction and Food Materials” affiliated to the Ministry of Commerce, taking advantage of customs exemptions and the facilities granted to it, provided that the company is supported by one of the Central Bank’s initiatives, with the aim of pumping materials through central markets. To revive these important commercial facilities and to control price hikes.

 

Market Qualification

Earlier, the Ministry of Commerce announced the signing of investment contracts to rehabilitate the central markets in several governorates, while expressing its desire to enter foreign companies to convert them into modern malls.

A spokesman for the Ministry of Commerce, Muhammad Hanoun, told the Iraqi News Agency (INA), that "the General Company for Central Markets performs a very large activity, and it has central market projects, including Al-Mansour Central Market, which has achieved very large completion rates, as well as the company's board of directors signing investment contracts. For markets in the provinces Multiple".

[6ly410]

INA / Parliament sets the date for discussing the dollar exchange rate

https://al-iraqinews.com/archives/235494

February 17, 2022 1 Views

 

Conscious / Baghdad / h. g  

The First Deputy Speaker of Parliament, Hakim Al-Zamili, will chair a meeting next Saturday with the Minister of Finance and the Governor of the Central Bank.

A brief statement by Al-Zamili's office, received by (the Iraqi Media News Agency / INA), said that the meeting will discuss the dollar exchange rate

[3 bucks new rv rate]

Parliament sets the date for the meeting with the Minister of Finance and the Governor of the Central Bank on the exchange rate

12 hours ago

 

(Wan_Baghdad))
The House of Representatives has set, next Saturday, a date for a meeting with the Minister of Finance and the Governor of the Central Bank in order to discuss the dollar exchange rate.
  
The Parliament’s media department stated, on Thursday (17 February 2022), that “under the leadership of Hakim Al-Zamili, the First Deputy Speaker of the House of Representatives, he is holding a meeting with the Minister of Finance and the Governor of Al-Beng Central to discuss the dollar exchange rate.”
The statement added that "the session will be held next Saturday, February 19, 2022, at 11 am inside the Constitutional Hall."

 

link  :  https://ashourland.net/2022/02/17/البرلمان-يحدد-موعد-الاجتماع-بوزير-الم/

[yota691]

The Minister of Finance and the Governor of the Central Bank in Parliament, Saturday, to discuss the price of the dollar

• Time: 02/17/2022 20:57:06
•  
• Reading: 2,132 times

  

{Political: Al Furat News} The Parliament Presidency summoned Finance Minister Ali Allawi and the Governor of the Central Bank of Iraq, Mustafa Ghaleb, in the dome of the Parliament.

A meeting will be held next Saturday, chaired by the First Deputy Speaker of the House of Representatives, Hakim, with the Minister of Finance and the Governor of the Central Bank, to discuss the dollar exchange rate.

[3 bucks new rv rate]

let's wait and see the result of the meeting regarding the exchange rate on the 19 . let's hope there will be a rate change on the 19 or the first quarter of 2022.

[screwball]

12 minutes ago, 3 bucks new rv rate said:

let's wait and see the result of the meeting regarding the exchange rate on the 19 . let's hope there will be a rate change on the 19 or the first quarter of 2022.

yep and meeting on the 22nd! everything is crossed!

[screwball]

meeting on 19th to discuss rate, meeting on 22nd and political parties said they will not discuss budget until rate changes!

[3 bucks new rv rate]

38 minutes ago, screwball said:

yep and meeting on the 22nd! everything is crossed!

hopefully, this ride will be over soon and we can all enjoy our rewards and bye bye iraq.

[3 bucks new rv rate]

41 minutes ago, screwball said:

meeting on 19th to discuss rate, meeting on 22nd and political parties said they will not discuss budget until rate changes!

hopefully, the CBI will give us a good news regarding the exchange rate.

[horsesoldier]

Meetings Galore and then let’s have S’mores ( like that catchy phrase huh ? This is what happens when Horse has insomnia   😆 ).

 

Hope we’re counting down the days to the end of this Great Sandbox Rodeo - certainly has had more than its fair share of Clowns.

[yota691]

The Iraqi parliament is considering re-pricing the dinar against the dollar

Markets

Baghdad

Zaid Salem

February 18 2022

 

More than a year ago, the value of the dinar was devalued from 1200 to 1450 per dollar (AFP)

 

Tomorrow, Saturday, the Iraqi parliament will hold an extraordinary meeting with Finance Minister Ali Allawi and Central Bank Governor Mustafa Ghaleb, to discuss the exchange rate of the dinar against the dollar, and the possibility of returning it to its previous value that prevailed before the financial crisis, which prompted the government more than a year ago to reduce its value from 1200 dinars to 1450 dinars per dollar.

And the Parliament’s media department stated, in a statement, that “a meeting will be held under the chairmanship of the First Deputy Speaker of the House of Representatives Hakim Al-Zamili with the Minister of Finance and the Governor of the Central Bank to discuss the dollar exchange rate .”

 

The parliament’s move comes hours after a statement by the leader of the Sadrist movement, Muqtada al-Sadr, in which he talked about the existence of manipulation in the file determining the value of the dinar and the dollar auction sponsored by the Central Bank .

An Iraqi deputy, who preferred not to be named, told Al-Araby Al-Jadeed that "there is a set of questions that will be presented to the Minister of Finance and the Governor of the Central Bank, including the extent to which Iraq benefited at the previous time from the decision to reduce the value of the Iraqi dinar."

And he indicated that "the leader of the Sadrist movement, Muqtada al-Sadr, adopted the idea of meeting with officials in Parliament, because most parties accuse the Sadrist movement of being a major supporter of the step to devalue the dinar, which was taken by the Al-Kazemi government in December 2020 as part of the solutions to the financial crisis inside the country."

 

Yesterday, Thursday, Al-Sadr put forward several proposals regarding the exchange rate of the dollar in Iraq, in order to control the exchange rate and limit the negative repercussions of raising the value of foreign currency against the dollar, including stopping currency smuggling as well as forged invoices, "strongly and firmly."

He also called, in a handwritten statement, to "consider the matter of some banks, "such as the Middle East Bank Al-Qabd and Al-Ansari", owned by some people who control the currency, and some other private banks," calling for summoning both the director of the Central Bank and the Iraqi Minister of Finance to Parliament "immediately." ".

He suggested regulating the Iraqi currency market centrally in a correct manner, enacting some laws that increase the value of the Iraqi dinar exchange rate, as well as dealing "firmly" with some banks belonging to some of the controlling parties in the country.

For his part, the financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, stressed that the time has come for the fiscal policy to play its active and important role in addressing the side effects that resulted from changing the exchange rate and its effects on income, especially the poor and low-income classes being negatively affected by price failures without Compensation".

And the official news agency (INA) quoted Saleh as saying that "this aspect is directly related to the importance of reducing customs taxes in a tangible way on imported foodstuffs, pharmaceuticals and imported local production supplies, as well as restructuring government support for goods and services that directly affect the poor social classes."

 

He pointed out that "the most important thing is to start adopting employment policies for the unemployed and expanding the cash income space with additional and exceptional measures, leading to the employment of the unemployed in a tangible and comprehensive manner and creating sources of cash income that increase the welfare of society."

In turn, a member of the "Wisdom" movement, Muhammad al-Lakash, said that "the devaluation of the Iraqi dinar was a forced measure, in order to provide financial liquidity to the Iraqi treasury, and to provide the salaries of employees during the past year and a half, but those with limited income from non-employees were greatly affected."

In an interview with Al-Araby Al-Jadeed, he continued, "Iraq has emerged from its financial crisis, as the preventive measures against the Corona virus have declined, and oil prices have greatly recovered, therefore, it has become necessary to restore the price of the dollar to its previous value."

The Iraqi government had decided, in December 2020, to take a series of austerity measures that it had adopted to address its financial crisis to bridge the deficit in its budget, and in implementation of the terms of the “white paper” brought by Prime Minister Mustafa Al-Kazemi, including the devaluation of his local currency by 1450 dinars to the dollar after its stability for years at the threshold of 1200 dinars to the dollar.

[Shedagal]

8 minutes ago, yota691 said:

The Iraqi parliament is considering re-pricing the dinar against the dollar

Markets

Baghdad

Zaid Salem

February 18 2022

 

More than a year ago, the value of the dinar was devalued from 1200 to 1450 per dollar (AFP)

 

Tomorrow, Saturday, the Iraqi parliament will hold an extraordinary meeting with Finance Minister Ali Allawi and Central Bank Governor Mustafa Ghaleb, to discuss the exchange rate of the dinar against the dollar, and the possibility of returning it to its previous value that prevailed before the financial crisis, which prompted the government more than a year ago to reduce its value from 1200 dinars to 1450 dinars per dollar.

And the Parliament’s media department stated, in a statement, that “a meeting will be held under the chairmanship of the First Deputy Speaker of the House of Representatives Hakim Al-Zamili with the Minister of Finance and the Governor of the Central Bank to discuss the dollar exchange rate .”

 

The parliament’s move comes hours after a statement by the leader of the Sadrist movement, Muqtada al-Sadr, in which he talked about the existence of manipulation in the file determining the value of the dinar and the dollar auction sponsored by the Central Bank .

An Iraqi deputy, who preferred not to be named, told Al-Araby Al-Jadeed that "there is a set of questions that will be presented to the Minister of Finance and the Governor of the Central Bank, including the extent to which Iraq benefited at the previous time from the decision to reduce the value of the Iraqi dinar."

And he indicated that "the leader of the Sadrist movement, Muqtada al-Sadr, adopted the idea of meeting with officials in Parliament, because most parties accuse the Sadrist movement of being a major supporter of the step to devalue the dinar, which was taken by the Al-Kazemi government in December 2020 as part of the solutions to the financial crisis inside the country."

 

Yesterday, Thursday, Al-Sadr put forward several proposals regarding the exchange rate of the dollar in Iraq, in order to control the exchange rate and limit the negative repercussions of raising the value of foreign currency against the dollar, including stopping currency smuggling as well as forged invoices, "strongly and firmly."

He also called, in a handwritten statement, to "consider the matter of some banks, "such as the Middle East Bank Al-Qabd and Al-Ansari", owned by some people who control the currency, and some other private banks," calling for summoning both the director of the Central Bank and the Iraqi Minister of Finance to Parliament "immediately." ".

He suggested regulating the Iraqi currency market centrally in a correct manner, enacting some laws that increase the value of the Iraqi dinar exchange rate, as well as dealing "firmly" with some banks belonging to some of the controlling parties in the country.

For his part, the financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, stressed that the time has come for the fiscal policy to play its active and important role in addressing the side effects that resulted from changing the exchange rate and its effects on income, especially the poor and low-income classes being negatively affected by price failures without Compensation".

And the official news agency (INA) quoted Saleh as saying that "this aspect is directly related to the importance of reducing customs taxes in a tangible way on imported foodstuffs, pharmaceuticals and imported local production supplies, as well as restructuring government support system" rel="">support for goods and services that directly affect the poor social classes."

 

He pointed out that "the most important thing is to start adopting employment policies for the unemployed and expanding the cash income space with additional and exceptional measures, leading to the employment of the unemployed in a tangible and comprehensive manner and creating sources of cash income that increase the welfare of society."

In turn, a member of the "Wisdom" movement, Muhammad al-Lakash, said that "the devaluation of the Iraqi dinar was a forced measure, in order to provide financial liquidity to the Iraqi treasury, and to provide the salaries of employees during the past year and a half, but those with limited income from non-employees were greatly affected."

In an interview with Al-Araby Al-Jadeed, he continued, "Iraq has emerged from its financial crisis, as the preventive measures against the Corona virus have declined, and oil prices have greatly recovered, therefore, it has become necessary to restore the price of the dollar to its previous value."

The Iraqi government had decided, in December 2020, to take a series of austerity measures that it had adopted to address its financial crisis to bridge the deficit in its budget, and in implementation of the terms of the “white paper” brought by Prime Minister Mustafa Al-Kazemi, including the devaluation of his local currency by 1450 dinars to the dollar after its stability for years at the threshold of 1200 dinars to the dollar.

From this, it sounds like they are wanting to go back to 1200 dinars, not the RV we want.

[yota691]

A proposal on the dollar precedes hosting the Minister of Finance and the Governor of the Central Bank in Parliament tomorrow

• Time: 02/18/2022 13:40:01
•  
• Reading: 2,340 times

  

{Economist: Al-Furat News} The economic expert, former director of the Office of Financial Supervision, Salah Nuri, presented a proposal regarding changing the exchange rate of the dollar against the dinar.

Nuri told {Euphrates News}: "My personal opinion is that there is an inverse relationship between the price of a barrel of oil and the increase in the exchange rate of the dollar, and it is possible to find this equation as high as determining the price of a barrel of oil, for example, when it is at 50 dollars, the exchange rate of the dollar is raised, but the Ministry of Finance raised the price of The exchange is to reduce the deficit and not to borrow, but the proposal is reversed, as when the price of a barrel of oil rises, the dollar exchange rate is reduced and vice versa.

He stressed that "returning the dollar's exchange to the previous one by about 1,200 dinars will cause a new and strong shock to the market, so a gradual decrease in it is necessary."

Nouri stressed, "the need to find a sovereign fund and another to invest in surplus oil sales."

Nouri criticized the Ministry of Finance, describing it as "traditional, difficult to convince, and planning with a certain stereotyped thought."

And the Presidency of the House of Representatives summoned the Minister of Finance, Ali Allawi, and the Governor of the Central Bank of Iraq, Mustafa Ghaleb, in the dome of the Council tomorrow, Saturday.

The meeting will be held under the chairmanship of the First Deputy Speaker of Parliament Hakim Al-Zamili with the Minister of Finance and the Governor of the Central Bank to discuss the dollar exchange rate.

On December 19, 2020, the Central Bank of Iraq decided in a statement to raise the price of selling the dollar to banks and exchange companies to 1460 dinars, from 1182 dinars to the dollar, with the aim of compensating for the decline in oil revenues caused by the deterioration of oil prices.

The bank added that the main reason behind the devaluation of the dinar is to bridge the inflation gap in the 2021 budget after the collapse of global oil prices, which is a major source of Iraqi financial resources.

In his statement, he said, "The financial crisis that Iraq was exposed to due to the Corona pandemic led to a large deficit in the public budget."

The bank stated that the decision to devalue the currency came as a proactive step “in the interest of the bank to avoid depleting its foreign reserves,” and to help the government secure the salaries of public employees.

Raghad Daham

[yota691]

The move has begun.. Details of parliamentary suppor t to reduce the price of the dollar against the dinar

04:35

Fourth - Baghdad

Today, Friday, member of the House of Representatives, Representative Ahmed Al-Rubaie, confirmed that there is support and a move to reduce the price of the dollar, while calling for investing in oil prices and providing job opportunities.

Al-Rubaie told the official agency in a statement that was followed by (the Fourth): “Some members of the House of Representatives are calling for reducing the price of the dollar and bringing it back to its previous era, especially after the rise in oil prices, which reached nearly $95 a barrel,” noting that “there is a serious directive from many Members of Parliament devalue the dollar after the price hike.

 

He added that "the rise in the value of the dollar greatly affected all matters, especially on the poor," expressing his hope that "the political blocs support this decision to reduce the price of the dollar and support this public demand, as there is a great interaction by members of the House of Representatives in this direction."

He stressed the importance of investing in the rise in oil prices to alleviate the suffering of citizens in investment issues that concern the country and its future and to provide job opportunities for many unemployed youth.

[yota691]

What is the constitutionality of raising the dollar to 1450 dinars in Iraq's budget?

06:50

Fourth - Baghdad

Today, Friday, the legal expert, Ali Al-Tamimi, clarified the constitutionality of raising the exchange rate in Iraq’s budget to 1450 dinars.

Al-Tamimi said, in a statement received by Al-Rabaa, that "raising the dollar exchange rate in the budget law is in violation of the constitution and the Charter of the International Covenant, and this decision can be appealed and returned to the government from Parliament and not to legislate the budget law."

He added, "The rise in the dollar exchange rate to 1450 in the budget law violates the Iraqi constitution and the Charter of the International Covenant and can be challenged."

 

According to the following:

1. The rise in the exchange rate of the dollar to 1450 violates Articles 30 and 31 of the Iraqi Constitution, which obligate the state to provide a free, dignified life and appropriate income. This procedure also violates Articles 23 and 26 of the International Covenant on Civil and Political Rights, which obligate all member states of the United Nations United commitment.

2. The Central Bank Law by virtue of Law 56 of 2004 is an independent body under Article 3 of this law and also the Central Bank’s instructions for 2017, and therefore it is he who determines the exchange rate. If there is an increase in the price, market prices must be controlled and inflation should be prevented, which will increase poverty poorer.

3. This law, i.e. the budget law, can be challenged if it is legislated by Parliament before the Federal Court. Parliament can not agree to the legislation of this law and return it to the government for amendment because Parliament can do so constitutionally as it represents society in accordance with Article 61 of the Constitution as well as Article 13 of the Financial Management Law 6 of 2019".

[Floridian]

46 minutes ago, Shedagal said:

From this, it sounds like they are wanting to go back to 1200 dinars, not the RV we want.

 

Yes, unfortunately, that's how I understand it also:

 

".....and the possibility of returning it to its previous value that prevailed before the financial crisis, which prompted the government more than a year ago to reduce its value from 1200 dinars to 1450 dinars per dollar."

 

".....including the devaluation of his local currency by 1450 dinars to the dollar after its stability for years at the threshold of 1200 dinars to the dollar."

[yota691]

Finance: The exchange rate of the dollar against the dinar is fixed

Economy

2022-02-18 | 09:23

 

 

357 views

 

Today, Friday, an official source in the Iraqi Ministry of Finance strongly ruled out the possibility of changing the exchange rate and reducing the value of the dollar against the dinar because of its negative repercussions on the country's economy, after the demands of the leader of the Sadrist movement, Muqtada al-Sadr, to conduct a review of this file.

The source said, "The change in the exchange rate of the US dollar against the Iraqi dinar came after the drop in oil prices to below $30 per barrel, and the decrease in the financial revenues achieved from selling crude at the end of the year 2020."

 

 

He explained, "The exchange rate of the dollar against the Iraqi dinar is fixed and cannot be changed easily."

The source, who asked not to be named because he was not authorized to declare, added that "the International Monetary Fund and the World Bank supported Iraq's move at the time to devalue the dinar against the hard currency, and any change in the exchange rate without studying will have a negative impact on the financial and economic situation in Iraq." ".

[yota691]

Between the national decision and international conditions..popular and parliamentary demands to reduce the dollar exchange rate

Sumerian special

2022-02-18 | 05:18

 

 

Source:

Alsumaria news

 

2,958 views

 

 

Report: Alsumaria News
, economic and political figures considered that all solutions to address the economic situation will not be feasible and will not achieve any results unless at the forefront of which is the reduction of the exchange rate of the dollar against the dinar. For the economic issue, any calls or treatments that do not include a reduction in the exchange rate are prosthetics and do not go beyond being a laughing stock, while a political researcher saw that restoring the exchange rate to the dollar may not be a purely national decision given that Iraq is linked to international loans that are subject to the conditions of the World Bank and the International Monetary Fund Successive governments have agreed to these terms.

The representative of the Al-Fateh Alliance Gharib Askar Al-Turkmani, stressed that the citizen’s strength is a red line that all parties must stand by, while pointing to the importance of addressing the dollar exchange rate against the dinar, as it is the main step to reduce the burdens of the Iraqi people.

 

 

Al-Turkmani said in an interview with Alsumaria News, "The government had previously set reasons for raising the exchange rate and proceeded with its decision in light of those justifications," noting that "the first reason is the lack of financial liquidity to pay salaries as a result of the drop in the price of a barrel of oil, as this excuse ended with a rise in prices." Oil globally increased to more than what is in the budget, and the second justification was to protect the local product, but it was also negated after the decision of the Council of Ministers to open the import of agricultural crops that had a local product in front of them. More than it was before the exchange rate hike.

 

Al-Turkmani added, "The unjustified rise in the exchange rate of the dollar negatively affected the Iraqi street and burdened the citizens. Therefore, this situation cannot be accepted more, and we will have a serious pause to reduce the exchange rate in light of what the global markets are witnessing from the rise in the price of oil, which is reflected positively on Iraqi state treasury.

He stressed "the importance of leaving political differences aside and unifying positions among all, and that the political forces stand side by side to do justice to the citizen and restore the exchange rate to its previous era or reduce it at this stage to an acceptable level that does not affect the Iraqi people."

The observer of economic affairs, Diaa Al-Sharifi, for his part, stressed that putting forward any solutions or treatments that do not include reducing the exchange rate of the dollar against the dinar, as they are solutions that will remain prosthetic and formal and do not go beyond being manipulating the feelings of citizens and laughing at their beards.

Al-Sharifi said in an interview with Alsumaria News, “All the proposals that were put forward and presented and talk about hosting the governor of the Central Bank and the Minister of Finance, we believe that they do not go beyond being patchy matters, considering that the best and optimal solution to ease the burdens of the simple citizen and the Iraqi people as a whole is to restore the exchange rate of the dollar against the dinar to It was not necessary, given that the raising step was originally the main and fundamental reason for the increase in the citizen’s burden and the rise in prices in the markets, and it did not achieve any goal or goal of the justifications that were put in place at the time to raise the price.”

Al-Sharifi added, "The Central Bank of Iraq until this moment has not announced the size of its assets and balance after the rise in oil prices globally, not to mention that most of last year's budget allocations were not spent and were just numbers placed in the government budget and were voted on inside the parliament without knowing them in detail." Pointing out that "without uniting efforts and positions and working hard to restore the exchange rate to its previous era, any other measures or talk of secondary steps, he laughed at the beard, and they are proposals that will not go beyond being an attempt to calm the street and manipulate its feelings."

He stressed "the importance of returning the government and the central bank to their accounts and working to restore the exchange rate to what it was in order to work on a radical and real solution that the citizen can touch, and to take strict steps with him to control traders and markets and prevent price manipulation because without these combined steps, the Iraqi citizen will remain the victim and he is who suffers directly.

Political researcher Youssef Salman stressed that restoring the exchange rate to the dollar may not be a purely national decision, given that Iraq is linked to international loans that are subject to the conditions of the World Bank and the International Monetary Fund, and successive governments have agreed to those conditions.

Salman said in an interview with Alsumaria News, "The tweets of the leader of the Sadrist movement, Muqtada al-Sadr, and his calls related to the exchange rate of the dollar against the dinar, the need for the legislative authority to take firm measures in this regard, and to activate the supervisory role of Parliament in following up on the currency sale auction, the work of private banks, and the smuggling of currency are all required, and we commend On it, but in its entirety, it cannot address the root of the problem, as it is large and deep, and it went outside the framework of the political side to the space that was reflected on the societal side and the livelihood of the citizen in general.

Salman added, "The citizen does not believe that he is interested in summoning Parliament to the governor of the Central Bank or the Minister of Finance or monitoring the work of private banks. Rather, he is looking for healing measures and is waiting for a government decision to reconsider the dollar exchange rate to what suits his daily living situation," noting that " Everyone knows that the Sadrist bloc was one of the most prominent poles that voted inside the parliament on the issue of changing the exchange rate in the budget. Therefore, al-Sadr’s tweets and slogans launched by the Sadrist bloc do not absolve them of responsibility, given that the parliament bears the responsibility from the citizen’s point of view to raise the price.”

He continued, "The citizen today is waiting for real and clear measures from the government in this file, because the issue is more than just tweets or parliamentary hosts through immediate accountability of the Minister of Finance and the Governor of the Central Bank because of the consequences of their decision on the Iraqi people," explaining that "the talk about the work of some private banks or The currency auction is a late talk, given that the indicators of corruption and suspicions of corruption in this auction are not a product of today, but long before the exchange rate was raised, and everyone talked about this file and the violations in it.

Salman stressed that "restoring the exchange rate to the dollar may not be a purely national decision, given that Iraq is linked to international loans that were subject to the conditions of the World Bank and the International Monetary Fund, and successive governments have agreed to these conditions. Comprehensive with the supervisory authorities in the International Monetary Fund and the World Bank in order to restore the situation to what it is, taking into account the situation of the Iraqi citizen.

[Floridian]

"Today, Friday, an official source in the Iraqi Ministry of Finance strongly ruled out the possibility of changing the exchange rate and reducing the value of the dollar against the dinar because of its negative repercussions on the country's economy,....."

 

All these people ever do is argue back and forth, without ever getting anything accomplished.

It's maddening!!!!!

[6ly410]

 

Parliament meets with the Minister of Finance and the Governor of the Central Bank on Saturday

Posted 9 seconds ago

https://iraqakhbar.com/3489189

news source /change channel

 

News source / change channel

The House of Representatives announced that Saturday will be set as a date for a meeting with Finance Minister Ali Allawi and Central Bank Governor Mustafa Ghaleb.

The Council's media department said in a statement that the meeting will be held in the Constitutional Hall at eleven o'clock on Saturday morning, headed by the First Deputy Speaker of the House of Representatives Hakim Al-Zamili, in the presence of the Minister of Finance and the Governor of the Central Bank to discuss the dollar exchange rate.
The media office of the Deputy Speaker of Parliament, Hakim al-Zamili, had confirmed in a statement that the Presidency of the House of Representatives decided to summon the Minister of Finance and the Governor of the Central Bank in the dome of the House of Representatives, following a statement by the leader of the Sadrist movement, Muqtada al-Sadr, which included six proposals regarding the dollar exchange rate

[6ly410]

 

A parliamentary request regarding the exchange rates of the dollar

Posted 48 seconds ago

https://iraqakhbar.com/3489016

news source /first news agency

 

Today, Friday, member of the House of Representatives, Representative Ahmed Al-Rubaie, confirmed that there is support and a move to reduce the price of the dollar, while calling for investing in oil prices and providing job opportunities.

Al-Rubaie said in a statement followed by (Al-Oula News): “Some members of the House of Representatives are demanding a reduction in the price of the dollar and a return to its previous state, especially after the rise in oil prices, as it reached nearly $95 a barrel,” noting that “there is a serious directive from many members of Parliament to devalue the dollar after the price hike.”

He added that "the rise in the value of the dollar greatly affected all matters, especially on the poor," expressing his hope that "the political blocs support this decision to reduce the price of the dollar and support this public demand, as there is a great interaction by members of the House of Representatives in this direction."

He stressed the importance of investing in the rise in oil prices to alleviate the suffering of citizens in investment issues that concern the country and its future, and to provide job opportunities for many unemployed youth.

The leader of the Sadrist movement, Muqtada al-Sadr, presented six proposals regarding the dollar exchange rate, including summoning the Minister of Finance and the Governor of the Central Bank under the dome of Parliament.

The House of Representatives set, tomorrow, Saturday, a date for a meeting with Finance Minister Ali Allawi and Central Bank Governor Mustafa Ghaleb.

The Council’s media department said in a statement that it followed (the first news): “A meeting will be held next Saturday, headed by the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, with the Minister of Finance and the Governor of the Central Bank to discuss the dollar exchange rate.”

She added that "the meeting will be held in the Constitutional Hall at 11 am."

Earlier, the Presidency of the House of Representatives decided to summon the Minister of Finance and the Governor of the Central Bank.

The media office of the Deputy Speaker of Parliament, Hakim Al-Zamili, said, in a statement followed by (Al-Oula News): “The Presidency of the House of Representatives decided to summon the Minister of Finance and the Governor of the Central Bank in the dome of the House of Representatives immediately.”

He added, "This came according to the directives of the leader of the Sadrist movement, Muqtada al-Sadr