Regarding the dollar exchange rate... Al-Sadr proposes to summon the Minister of Finance and the Governor of the Central Bank"immediately"

[6ly410]

 

The House of Representatives hosts the Governor of the Central Bank, Mostafa Ghaleb, and his deputy

Posted 1 minute ago

https://iraqakhbar-com.translate.goog/3490025?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

news source /Iraqi News Agency ( INA )

News source / Iraqi News Agency (INA)

Baghdad - I know

 

Today, Saturday, the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, confirmed that the House hosted the Governor of the Central Bank, Mustafa Ghaleb and his deputy, indicating that there is no dispute with the Minister of Finance

 

[6ly410]

 

Parliament’s meeting on the exchange rate results in the formation of a parliamentary committee to audit the central bank’s work mechanism

https://shafaq.com/ar/سیاسة/اجتماع-البرلمان-بش-ن-سعر-الصرف-يتمخض-عنه-تشكيل-لجنة-نيابية-لتدقيق-لية-عمل-البنك-المركزي

 2022-02-21 09:00

 

 

Shafaq News/ The Iraqi parliament formed, on Saturday, a parliamentary committee specialized in the financial and economic file and supervising the work of the Central Bank, against the background of the Sadrist movement's leader Muqtada al-Sadr's tweet regarding the devaluation of the Iraqi dinar against the US dollar.

 

A source in the office of the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, told Shafaq News, that the latter "held a closed meeting with the Governor of the Central Bank, Mustafa Ghaleb, in the presence of the heads of parliamentary blocs, to find out the bank's work mechanism as well as solutions to reduce the dollar exchange rate."

 

He added, "It was agreed to form a parliamentary committee headed by Governor Al-Zamili and with the membership of deputies specialized in the financial or economic file, to be nominated by their blocs to exercise their duties in reviewing the financial policy and the Central Bank's work mechanism in general, and auditing files related to the bank's work."

 

He added that "the committee will begin its work after the completion of the nominations for members of the committee, as well as issuing the official order to sign the Presidency of the Parliament on the committee and start its work, which will be at the latest estimate next week."

 

Today, Saturday, the House of Representatives held a meeting in the Constitutional Hall headed by First Deputy Speaker Hakim Al-Zamili to discuss the reality of the dollar exchange rate against the local currency.

 

The Governor of the Central Bank, Mustafa Ghaleb Mokhif, his deputy, and a number of officials in the bank attended the meeting, while Finance Minister Ali Allawi and his ministry boycotted the meeting, according to Shafak News Agency correspondent.

 

Al-Zamili opened the meeting with a speech in which he said, "Parliament will question the Minister of Finance for not attending the meeting," adding that the fiscal and monetary policy in Iraq suffers from defects and damage, and there are risks it faces, so we decided to hold this meeting.

 

He also said, "We were surprised that the Minister of Finance did not attend the meeting," noting that "some leaders and leaders contacted us in order to wait on the issue of the Minister of Finance. If we do not exercise our oversight role, Parliament cannot exercise its oversight role or host any minister anymore." .

 

The First Deputy Speaker of the House of Representatives continued by saying, "We heard that the minister wants to submit his resignation, and this is his right, but there are files that must be discussed, and there are requests for signatures from the representatives to host the Minister of Finance in Parliament."

 

He added, "Even if Allawi resigns, he will not be left without accountability, and we have files that condemn him," noting that "we will issue a travel ban against the Minister of Finance until he comes to Parliament."

 

"We will hold an emergency session this week at the request of 50 deputies, to discuss fiscal policy, currency smuggling and the exchange rate," he added.

 

Al-Zamili accused the Minister of Finance of "transferring his losing experiences to the companies he managed abroad to Iraq, saying that he (the minister) "did not provide anything for this country, and contributed to the rise of Iraq's debts to 27 trillion dinars in just one year."

 

He also mentioned that the Ministry of Finance has not sent its financial accounts so far, and has not taken any measures to collect debts with communication companies, smuggled money and aliens.

 

On Thursday, the leader of the Sadrist movement, Muqtada al-Sadr, presented six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the governor of the Central Bank, Mustafa Ghaleb, immediately.

 

Al-Sadr's proposals included, "strongly stopping currency smuggling, looking into the matter of some banks such as (Middle East, Al-Qabd, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some of the parties controlling the country and people."

 

In addition, Al-Sadr urged "to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate."

[6ly410]

 

Al-Zamili, in confirmation of Shafak News: We have formed a parliamentary committee to follow up on the work of the Central Bank

https://shafaq.com/ar/سیاسة/الزاملي-ت-كيدا-لخبر-شفق-نيوز-شكلنا-لجنة-نيابية-لمتابعة-عمل-البنك-المركزي

 2022-02-19 08:24

 

Shafaq News/ Hakim Al-Zamili, the First Deputy Speaker of the House of Representatives, on Saturday instructed the formation of a parliamentary committee to investigate the facts, gather information and follow up on the work of the Central Bank of Iraq, while calling on the government to address the negatives resulting from the change in the exchange rate and the rise in market prices. He indicated that the Council will take all necessary measures in If the government is unable to do so, he will be obligated to use his constitutional powers to remedy the effects of this issue.

This came during today’s chairing of an expanded meeting attended by a number of heads of political blocs and representatives, to host Central Bank Governor Mustafa Ghaleb Makhi, while Finance Minister Ali Abdel Amir Allawi refrained from attending, to discuss the issue of currency smuggling and the exchange rate of the dollar and the control of some banks in the currency auction and the development of the most effective solutions to mitigate Its impact on citizens, according to a statement issued by the House of Representatives.

Al-Zamili called on the Public Prosecution to take the necessary legal measures, fundamentally, to prevent the Minister of Finance from traveling “because there are a number of files against him and until the issue of his accountability is resolved when he appears during this week’s session and questioned him in the event of refusal,” blaming “the Ministry of Interior and the Intelligence Service responsible in the event he leaves the country.”

The council’s statement stated that during the meeting, a lot of inquiries, questions and proposals were raised by members of the House of Representatives to the governor of the Central Bank, and in turn, Mustafa Makhrib explained the monetary policy of the Central Bank and the reasons that prompted the rise in the exchange rate of the dollar, and the pledge to hold banks that are beyond controls and manipulate exchange rates to be held accountable.

For his part, Al-Zamili called on the Central Bank administration to provide the House of Representatives with data, information and periodic reports on currency sale auctions, and to work on evaluating the banking policy in the country.

A source in the office of the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, had previously told Shafak News Agency, that the latter "held a closed meeting with the Governor of the Central Bank, Mustafa Ghaleb, in the presence of the heads of the parliamentary blocs, to find out the bank's work mechanism as well as solutions to reduce the dollar exchange rate." .

He added, "It was agreed to form a parliamentary committee headed by Governor Al-Zamili and with the membership of deputies specialized in the financial or economic file, to be nominated by their blocs to exercise their duties in reviewing the financial policy and the Central Bank's work mechanism in general, and auditing files related to the bank's work."

He added that "the committee will begin its work after the completion of the nominations for members of the committee, as well as issuing the official order to sign the Presidency of the Parliament on the committee and start its work, which will be at the latest estimate next week."

Today, Saturday, the House of Representatives held a meeting in the Constitutional Hall headed by First Deputy Speaker Hakim Al-Zamili to discuss the reality of the dollar exchange rate against the local currency.

The Governor of the Central Bank, Mustafa Ghaleb Mokhif, his deputy, and a number of officials in the bank attended the meeting, while Finance Minister Ali Allawi and his ministry boycotted the meeting, according to Shafak News Agency correspondent.

Al-Zamili opened the meeting with a speech in which he said, "Parliament will question the Minister of Finance for not attending the meeting," adding that the fiscal and monetary policy in Iraq suffers from defects and damage, and there are risks it faces, so we decided to hold this meeting.

He also said, "We were surprised that the Minister of Finance did not attend the meeting," noting that "some leaders and leaders contacted us in order to wait on the issue of the Minister of Finance. If we do not exercise our oversight role, Parliament cannot exercise its oversight role or host any minister anymore." .

The First Deputy Speaker of the House of Representatives continued by saying, "We heard that the minister wants to submit his resignation, and this is his right, but there are files that must be discussed, and there are requests for signatures from the representatives to host the Minister of Finance in Parliament."

He added, "Even if Allawi resigns, he will not be left without accountability, and we have files that condemn him," noting that "we will issue a travel ban against the Minister of Finance until he comes to Parliament."

"We will hold an emergency session this week at the request of 50 deputies, to discuss fiscal policy, currency smuggling and the exchange rate," he added.

Al-Zamili accused the Minister of Finance of "transferring his losing experiences to the companies he managed abroad to Iraq, saying that he (the minister) "did not provide anything for this country, and contributed to the rise of Iraq's debts to 27 trillion dinars in just one year."

He also mentioned that the Ministry of Finance has not sent its financial accounts so far, and has not taken any measures to collect debts with communication companies, smuggled money and aliens.

On Thursday, the leader of the Sadrist movement, Muqtada al-Sadr, presented six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the governor of the Central Bank, Mustafa Ghaleb, immediately.

Al-Sadr's proposals included, "strongly stopping currency smuggling, looking into the matter of some banks such as (Middle East, Al-Qabd, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some of the parties controlling the country and people."

In addition, Al-Sadr urged "to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate."

[6ly410]

 

Al-Maliki's coalition: Reducing the price of the dollar is in the hands of this party exclusively

https://shafaq.com/ar/سیاسة/ا-تلاف-المالكي-حسم-سعر-الدولار-بيد-هذه-الجهة-حصرا

 2022-02-19 05:13

 

Shafaq News/ The State of Law coalition, led by Nuri al-Maliki, revealed today, Saturday, what it described as "the only way" through which the dollar exchange rate against the Iraqi dinar can be reduced.

 

The representative of the coalition, Aref Al-Hamami, told Shafak News Agency, "The Iraqi parliament does not have any authority to decide to reduce the exchange rate of the dollar against the Iraqi dinar," noting that "the process of hosting Finance Minister Ali Allawi is an attempt to hold the minister this responsibility, although the decision was supported." by the previous parliament and the influential political forces in it.

 

Al-Hamami indicated that “reducing the exchange rate of the dollar against the Iraqi dinar is within the authority of the Council of Ministers exclusively, and the reduction process must be within the draft budget law, and otherwise no change can be made in the exchange rate,” noting that “every talk about that is far away.” About the truth, the reality, and an attempt to delude the Iraqi street only.

 

Earlier, 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 impact on the country's economy.

 

Today, Saturday, the Iraqi Council of Representatives held a meeting headed by Hakim Al-Zamili, the first deputy speaker of the Council, to discuss the reality of the dollar exchange rate against the local currency.

 

The Governor of the Central Bank, Mustafa Ghaleb Mokhif, his deputy and a number of officials in the bank attended the meeting, while Finance Minister Ali Allawi and his ministry boycotted the meeting.

 

In his speech during the start of the meeting, Al-Zamili promised the Minister of Finance to question him under the dome of Parliament, and to issue a decision banning him from traveling outside Iraq.

 

It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives.

 

As a result, according to specialists, the annual inflation in Iraq rose significantly, so that the prices of all materials and commodities in the Iraqi market rose significantly, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.

[6ly410]

 

The Minister of Finance explains the reason for not attending the parliament meeting: I will officially request a session

https://shafaq.com/ar/سیاسة/وزير-المالية-يوضح-سباب-عدم-حضوره-اجتماع-البرلمان-س-طلب-رسميا-بعقد-جلسة

 2022-02-19 04:01

 

Shafaq News/ On Saturday, Finance Minister Ali Abdul Amir Allawi sent a letter to the House of Representatives in which he confirmed his inability to attend the meeting held to discuss the exchange rate of the dollar.

Hakim Al-Zamili, the first deputy speaker of the parliament, quoted Allawi as saying, "I would like to inform that I am unable to attend today's meeting, and I will submit an official request to the House of Representatives to hold a session for a vote of confidence, and I will always be ready and cooperating."

 

Earlier in the day, the House of Representatives held a meeting in the Constitutional Hall headed by Hakim Al-Zamili, First Deputy Speaker of Parliament, to discuss the reality of the dollar exchange rate against the local currency.

The Governor of the Central Bank, Mustafa Ghaleb Mikhaif, his deputy and a number of officials in the bank attended the meeting, while Finance Minister Ali Allawi and his ministry boycotted the meeting, according to Shafak News Agency correspondent.

In his speech during the start of the meeting, Al-Zamili promised the Minister of Finance to question him under the dome of Parliament, and to issue a decision banning him from traveling outside Iraq.

Al-Zamili accused the Minister of Finance of "transferring his losing experiences to the companies he managed abroad to Iraq, saying that he (i.e. the minister) "did not provide anything to this country, and contributed to the rise of Iraq's debts to 27 trillion dinars in just one year."

He also mentioned that the Ministry of Finance has not sent its financial accounts so far, and has not taken any measures to collect debts with communication companies, smuggled money and aliens.

On Thursday, the Presidency of the Iraqi Parliament announced that it had summoned Finance Minister Ali Allawi and Central Bank Governor Mustafa Ghalib to attend the council building.

The Presidency stated, in a brief statement, that the summoning of financial officials came as a "response" to the directives of the leader of the Sadrist movement, Muqtada al-Sadr.

On Thursday, Al-Sadr presented six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the governor of the Central Bank, Mustafa Ghaleb, immediately.

Al-Sadr's proposals included, "strongly stopping currency smuggling, looking into the matter of some banks such as (Middle East, Al-Qabd, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some of the parties controlling the country and people."

In addition, Al-Sadr urged "to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate."

On Friday, the currency market in the city of Sulaymaniyah urged residents not to sell their hard currency, dollars, at a low price.

The market sent a message to the residents, saying, "It is better to take caution and not sell your dollars at a cheap price until the morning of the next day of the Iraqi parliament meeting to see what will happen."

According to the letter, "the market is unstable and prices are unreasonable."

On 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 Sadrist movement's leader Muqtada al-Sadr to conduct a review of this file.

The official source told Shafaq News Agency, that the change in the exchange rate of the US dollar against the Iraqi dinar came after the drop in oil prices to below 30 dollars per barrel, and the decrease in the financial returns achieved from selling crude at the end of the year 2020.

He explained that "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." .

It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar against the dinar in the 2021 budget, to equal every 100 dollars 145 thousand dinars, after it was 121 thousand.

It is worth noting that all the prices of materials and commodities in the Iraqi market witnessed a significant increase, in conjunction with the devaluation of the dinar, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.

[NMP2017]

21 minutes ago, 6ly410 said:

 

Why did Allawi not attend the parliament session? The Minister of Finance himself explains the reason!

Posted 15 seconds ago

https://iraqakhbar.com/3490210

news source /Iraq Today Agency

News source / Iraq Today Agency

Baghdad - Iraq today:

On Saturday, Finance Minister Ali Abdul-Amir Allawi sent a letter to the House of Representatives in which he confirmed his inability to attend the meeting held to discuss the dollar exchange rate.

Hakim Al-Zamili, the first deputy speaker of the parliament, quoted Allawi as saying, “I would like to inform that I am unable to attend today’s meeting, and I will submit an official request to the House of Representatives to hold a session to vote of confidence, and I will always be ready and cooperating.”

 

Everything he has said the last couple days sure doesn't sound like "I will always be ready and cooperating.” Lyin a-hole! Fire his a$$ Sadre!

[6ly410]

Al-Sadr’s dispute and the Minister of Finance confuse the accounts of the Iraqi markets

https://almaalomah-me.translate.goog/2022/02/19/583084/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

2022/02/19 | 1:16 pm

Markets

 

The Information / Sulaymaniyah..
The “Information” reporter monitored the existence of a state of instability in the markets of the cities of the Kurdistan region, in light of the recent disputes between the Sadrist bloc and Finance Minister Ali Allawi.
According to the reporter's monitoring, there is a heavy demand to sell the dollar, while outlets and offices refuse to sell it at the present time, waiting for decisions from Parliament and the Iraqi government.
He added that, the price of the dollar recorded a decline, reaching 146,500 for purchase, and 14,700 for sale, while the Sulaymaniyah Stock Exchange called on citizens not to sell the dollar at the present time.

[64jaguar]

Thanks 6ly410, I still can’t help but think the World Banking Cartel, the IMF, the BIS and all the usual Bankster’s have their big thumbs in all of this. All of the central Banks around the world are connected and Iraq is no different. This is all just a side show. 

 Allawi is showing his true colors as an IMF shill. There really is no connections between the parliament and the Central Bank even though Sadre is forcing the issue. We’ll have to wait and see..

I also think the transition to a digital world is playing into this. I also used to agree with Adam that the Dinar would come out around .10 cents but any collapse of the U.S. dollar could see the Dinar revalue at a lot more. It doesn’t mean it’s worth any more than .10 cents but like Gold or silver soaring just means the Dollar isn’t worth crap anymore. The Dinar is more like a hedge in my mind.

If Sadre can get the Central Bank to revalue the Dinar to get it back into world markets and listed on Forex it could float up to its true value.. Just my opinion!

[Wiljor]

Wow 6ly, this sure is getting very interesting, I can see there is urgency in the air. Al-sadr means business and wants to get these matters solved and pushed through immediately. 

One of the main topics of discussion, "the exchange rate" 

[6ly410]

The start of a session to discuss the reality of the exchange rate in Parliament

https://almaalomah-me.translate.goog/2022/02/19/583074/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

Last update 02/19/2022 | 11:54 AM

 

Information/Baghdad...

A parliamentary source said, on Saturday, the start of hosting the Governor of the Central Bank of Iraq, Mustafa Ghaleb and his deputy, regarding discussing the dollar exchange rate inside the dome of the House of Representatives.

The source said in a statement to the "Information" agency, "The House of Representatives began hosting the Governor of the Central Bank of Iraq, Mustafa Ghaleb and his deputy, to discuss the exchange rates of the dollar against the Iraqi dinar."

The source added, that the request to host the Minister of Finance and the Governor of the Central Bank came after the signatures of more than 50 deputies.

[6ly410]

In the document.. the Minister of Finance sends a “strange” request to Parliament following the exchange rate file

https://almaalomah-me.translate.goog/2022/02/19/583074/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

2022/02/19 | 5:31 PM

 

[6ly410]

 

In the document.. Parliament addresses the Public Prosecution to ban the travel of the Minister of Finance

Posted 31 seconds ago

https://iraqakhbar.com/3490416

News source / Mawazine News

05:26 – 19/02/2022

In the document.. Parliament demands a travel ban on the Minister of
Finance

[6ly410]

 

Hakim Al-Zamili prevents the Minister of Finance from traveling outside Iraq

Posted 58 seconds ago

news source /Iraq Today Agency

https://iraqakhbar.com/3490260

Baghdad - Iraq today:

Today, Saturday, Hakim Al-Zamili, First Deputy Speaker of Parliament, called on the Ministry of Interior and the concerned authorities to prevent Minister of Finance Ali Abdul-Amir Allawi from traveling outside Iraq.

Al-Zamili said during the interrogation session that he called previously, and which was attended by the Governor of the Central Bank, that “the Ministry of Interior and the concerned authorities should prevent the Minister of Finance from traveling outside Iraq until he appears in Parliament.”

He added that "a travel ban letter will be issued against the Minister of Finance," holding "the Ministry of Interior and the Intelligence Service responsible for his travel, until he completes the requirements for his attendance at the House of Representatives, giving his testimony, and resolving the files that he bears."

Al-Zamili confirmed that "an emergency session will be held this week, at the request of 50 deputies, to discuss financial policy, currency smuggling and the exchange rate."

He said, "The Minister of Finance transferred his losing experiences to the companies he managed abroad to Iraq and did not provide anything for this country, and contributed to the rise of Iraq's debts to 27 trillion dinars in just one year."

He pointed out that "the Ministry of Finance has not sent its financial accounts so far, and has not taken any measures to collect debts with communication companies, smuggled money and aliens," saying: "I have files that condemn the minister himself as well as the Ministry of Finance."

He pointed out that "the Central Bank is an independent body under the supervision of the legislative authority, and we are responsible for following up on fiscal policy," noting that "everyone who seeks to disrupt the legislative and oversight role of Parliament is more important."

 

[6ly410]

 

 

 

2022/02/19 15:40

 

Central Bank Governor during the session: The dollar exchange rate does not change

https://almasalah.com/ar/news/222431/محافظ-البنك-المركزي-خلال-الجلسة-سعر-صرف-الدولار-لا-يتغير

Baghdad / Obelisk: The head of the Kurdistan Justice Bloc, Soran Omar, announced on Saturday, February 19, 2022, the details of the session to host the governor of the Central Bank in the Iraqi parliament.

Omar said that the governor of the Central Bank stressed during the session that the dollar exchange rate does not change, and that making an amendment to it requires changes and finding solutions to a number of obstacles.

The governor added in the meeting, according to the post, "We have 76 banks, while the banks in Iran and Turkey do not exceed 30 banks in each of the two big neighboring countries."

The governor continued, "Many banks do not have the required standards and obtained the license, including the necessity of having 250 billion dinars as a guarantee."

Omar concluded his post by saying: "The Governor of the Central Bank announced the formation of a fact-finding committee on all matters related to the institution

[6ly410]

 

2022/02/19 15:35

The Presidency of Parliament addresses the judiciary to issue a travel ban book for the Minister of Finance

https://almasalah.com/ar/news/222429/رئاسة-البرلمان-تخاطب-القضاء-لإصدار-كتاب-منع-سفر-وزير-المالية

Baghdad / Obelisk: The First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, demanded, on Saturday, February 19, 2022, the Supreme Judicial Council to issue a travel ban book for the Minister of Finance until the completion of his accountability under the dome of Parliament, while he indicated that an emergency session was held this week to question the minister.

Al-Zamili’s office said in a statement received by Al-Masala that he chaired an expanded meeting attended by a number of heads of political blocs and representatives, to host the Governor of the Central Bank, Mustafa Ghaleb Makhi, while Finance Minister Ali Abdel Amir Allawi refrained from attending to discuss the issue of currency smuggling and the dollar exchange rate, and some banks control the currency auction. And develop the most effective solutions to reduce its impact on citizens.

According to the statement, the Deputy Speaker of Parliament called on the Public Prosecution to take the necessary legal measures fundamentally, to prevent the travel of Minister of Finance Ali Abdul Amir Allawi, due to the presence of a number of files against him, and until the issue of his accountability is resolved when he appears during this week’s session and questioned him in the event of refusal, holding the Ministry of Interior and the Intelligence Service responsible. In the event of his leaving the country, he stressed that Allawi's failure to attend Parliament is a dangerous precedent.

He added that the presidency and members of the House of Representatives are legally, morally and legally responsible for defending the rights of the people, as they are their representatives, indicating that the request to host the Minister of Finance and the Governor of the Central Bank came with an official request signed by more than 50 deputies, and that this week will witness an emergency parliamentary session to question the minister.

He noted that any party seeking to disrupt the role of the legislative and oversight authority is important, and that work is underway to hold the corrupt accountable, noting that the reform paper presented by Allawi has achieved nothing but harming the people and increasing poverty.

Al-Zamili instructed the formation of a parliamentary committee to investigate the facts, gather information and follow up on the work of the Central Bank, calling on the government to address the negatives resulting from the change in the exchange rate and the rise in market prices, pointing out that the House of Representatives will take all necessary measures if the government is unable to do so and will be obligated to use its constitutional powers to treat the effects of this. Topic.

During the meeting, a lot of inquiries, questions and proposals were put forward by members of the House of Representatives to the Governor of the Central Bank.

Mustafa Mukhaib explained the monetary policy of the Central Bank and the reasons that prompted the rise in the exchange rate of the dollar, and the pledge to hold banks that are out of control and manipulating exchange rates to account, calling on Zamili to the Central Bank’s administration to provide the House of Representatives with data, information and periodic reports on currency sale auctions, and to work on evaluating banking policy in the country

[6ly410]

A parliamentary bloc reveals the details of the meeting with the Central Bank .. a decisive decision on changing the price of the dollar

political| 05:20 - 19/02/2022

https://www.mawazin.net/Details.aspx?jimare=185103

Baghdad - Mawazine News
, the head of the Kurdistan Justice Bloc, Soran Omar, announced, on Saturday, the details of the session to host the governor of the Central Bank in the Iraqi parliament, noting that the governor of the Central Bank confirmed during the session that the dollar exchange rate does not change.
Omar said through a post on Facebook that "the governor of the Central Bank stressed during the session that the dollar exchange rate does not change, and that making an amendment to it requires changes and finding solutions to a number of obstacles, and we have 76 banks, while the banks in Iran and Turkey do not exceed 30 banks." in each of the two major neighbors.
He added, "The governor of the Central Bank made it clear that many banks do not have the required standards and obtained the license, including the necessity of having 250 billion dinars as a guarantee."
He pointed out that "the governor of the Central Bank announced the formation of a fact-finding committee on all matters related to the institution." Ended 29 / h

[NMP2017]

9 minutes ago, 6ly410 said:

The governor added in the meeting, according to the post, "We have 76 banks, while the banks in Iran and Turkey do not exceed 30 banks in each of the two big neighboring countries."

The governor continued, "Many banks do not have the required standards and obtained the license, including the necessity of having 250 billion dinars as a guarantee."

Ya shouldn'ta let everyone and their sheepdog open a bank! Looks like some licences will be lost and/or some mergers happenin by the end o'march,,,the cbi 90 day edict...

 

Interestin times happenin and more a'comin!!! GO WARKA! lol

Edited February 19, 2022 by NMP2017

[6ly410]

In the document … Parliament addresses the Public Prosecution to ban the Minister of Finance from traveling

02/19/2022

 

https://earthiq-news.translate.goog/archives/31127?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

Earth News/ Today, Saturday, the Deputy Speaker of the House of Representatives, Hakim Al-Zamili, addressed the Head of the Public Prosecution Authority to ban the Minister of Finance from traveling.

Al-Zamili stated, according to a document obtained by Earth News, that “in view of the presence of several files related to financial and legal violations belonging to the current Federal Minister of Finance, which are under consideration by the House of Representatives and his refusal to attend the parliament, please kindly review and take fundamental legal measures to prevent the Minister of Finance from Travel in order to preserve public money and until the files are resolved.”

 

[6ly410]

 

Did Al-Zamili violate the constitution by questioning the central bank governor regarding the dollar exchange rate? .. A legal expert answers

Posted 33 seconds ago

https://iraqakhbar.com/3490513t

news source /NR TV channel

 

Legal expert Ali Al-Tamimi confirmed, today, Saturday, that the law allows Parliament to host or clarify any competent minister in accordance with Article 61 VII / B of the Constitution and to hold the extraordinary session with the approval of 50 deputies.

 

Al-Tamimi said in a special statement to NRT Arabic: “According to Article 61 Seventh / B of the constitution, 25 deputies can raise a general topic for discussion, clarification, and host the competent minister,” noting that “Article 58 of the constitution authorized the holding of the extraordinary session with the approval of 50 deputies.”

 

He explained, "This is not an interrogation, but an interrogation in accordance with the constitution and the internal system of Parliament, and economic security is one of the first priorities of the caretaker government."

 

The expert added, “The Governor of the Central Bank proposes to change the dollar exchange rate and go down with it, and present this to Parliament to give it legitimacy, and then if the vote receives an absolute majority of the number of members, half of the total number plus one adopts this change, and that this rise in the exchange rate affected the poor and common Crime, suicide and heinous crimes.

 

And that the rise in the exchange rate violates articles 30 and 31 of the constitution, which obligate the government to provide a free life and a decent life for citizens, according to Al-Tamimi, who pointed out that “this proposal (going down the exchange rate) is included in the next budget law, which is presented by the elected government according to exchange rate changes, and thus becomes legally binding.”

 

He pointed out that "the economic situation in the country had a great impact on the lives of the poor and led to an increase in crime, divorce cases and suicide, so the urgent solution is in the public interest and that people's lives are above the law and the people are the source of powers."

 

This came in response to the questioning of the Central Bank Governor and his deputy to discuss the consequences of rising prices as a result of raising the dollar exchange rate.

 

[rvmydinar]

30 minutes ago, 6ly410 said:

noting that the governor of the Central Bank confirmed during the session that the dollar exchange rate does not change

First,  the minister of finance.  and now, the governor of the CBI don' t want to rv the IQD either. What is wrong with these people. Just wonder has the minister of finance also been smuggling billions of dollars outside Iraq before ( just like what corrupt malarki has smuggled it too before )? Therefore, that might be the reason minister of finance doesn't need to rv the IQD?

[6ly410]

 

 

The budget's reluctance and the dollar exchange rate.. Parliament enters the crisis line

 https://www.alsumaria.tv/news/خاص-السومرية/412140/تلكؤ-الموازنة-وسعر-صرف-الدولار-البرلمان-يدخل-على-خ

2022-02-19 | 10:00

 

Between economic reforms and the exchange rate of the dollar against the dinar and the fate of the federal budget for the current year, the general scene has become more confusing after these problems were added to its political and security precedents, especially in light of the entry of the House of Representatives on the line of crisis after the refusal of the Minister of Finance to attend the hosting in Parliament to collide with a decision His travel ban and interrogation, in addition to talking about forming a parliamentary committee to follow up on the work of the Central Bank of Iraq.

At a time when an observer of economic affairs confirmed that the scene is very confusing and passing the budget and the exchange rate will be included in the political auctions and rivalries and may reflect negatively on the living situation of the citizen, an economic expert saw that the current and future Iraqi government should develop a program to enhance the investment process and maximize revenues. Auctions in which the citizen
observer of economic affairs, Hassan Al-Hajj, confirmed that the scene is very confusing, and the passing of the budget and the exchange rate will be included in the political auctions and rivalries, and may negatively affect the living situation of the citizen with the approach of the blessed month of Ramadan.

Al-Hajj said in an interview with Alsumaria News, "The 2022 budget is not easy and will be very difficult and may need to pass a long time, up to four months in the event that it is sent by the new government, which we believe will be a clearing budget and not a semi-annual budget meaning that it will be a budget Primarily an investment.

 

He added, "The issue of the exchange rate of the dollar against the dinar, and what was recently raised about hosting the governor of the Central Bank and his deputy inside the parliament and resorting to interrogations, as a whole will definitely not affect the origin of the budget, given that decreasing the exchange rate is a basic popular demand and there is great damage to many segments." Pointing out that "the current government is the one who produced this situation and raised the price, and behind it were political blocs supporting this step, and it was the one that obstructed the interrogation requests in the previous session under the title of combating currency smuggling or interpreting the interrogations as political targeting, but today we see the reversal of the picture."
 

Al-Hajj stressed the necessity of "returning the exchange rate to its previous position, but gradually so that it does not enter the gateway of targeting or the political battleground."

* Doors are open for investment
. For his part, the economic expert Safwan Qusai stressed that there are many doors and sectors through which investment can be made, and to benefit from the huge rise in global oil prices through the budget through a positive view of development.

Qusay said in an interview with Alsumaria News, "The current and future Iraqi government has to set a program to enhance the investment process and maximize revenues, and that there will be economic diversification and job creation to absorb unemployment through investment spending," expecting that "the next year's budget will be at a level of 150 trillion dinars and that Up to fifty percent of it goes to the investment side.

He added, "There are many doors and sectors through which investment can be made, including sulfur, phosphate, and cement, in addition to the geographical locations through which we can create new revenue outlets, which makes us able to release part of the revenue towards development," stressing "there is a need to reconsider operational spending." And directing it to have operating revenues and not just operating expenses, given that government units provide services, but the collection is weak, which makes us need to control the outlets for operational spending, taking into account the living situation of citizens and the welfare of the citizen.

Qusay continued, "There is a significant rise in oil prices globally, and it is possible to benefit from some of these differences in expanding the circle of those covered by the Social Welfare Department, increasing the vocabulary of the ration card, and achieving food security through agricultural development and food industries and openness to the countries of the region through electrical connection or through a port. FAO and its annexes, and that there should be a positive view of development in the current year's budget

[6ly410]

Al-Maliki sends a request to the Central Bank regarding the price of the dollar

political| 06:35 - 19/02/2022

 

https://www.mawazin.net/Details.aspx?jimare=185111

 

Baghdad - Mawazine News
The head of the State of Law Coalition, Nuri al-Maliki, sent a request to the Central Bank of Iraq.
Al-Maliki said in a tweet via Twitter, "To alleviate the suffering of the Iraqi people, especially the poor classes, due to the devaluation of the Iraqi dinar, which led to a significant increase in commodity prices, which we had previously warned about and boycotted the voting session on the 2021 budget because of it."
He added, "After the noticeable rise in the price of oil in global markets, we demand the central bank to take a decision to return the exchange rate by a mechanism that does not cause new damage to citizens and economic activities." Ended 29 / h

[Fairways&Greens]

A fire has been lit 🔥and the rats 🐀 are scurrying to save their own lives. This new government is fed up with the corruption of the smugglers and their manipulation for gain of the currency. Punish the wicked and reward the people! 

[6ly410]

 

In the document.. the Minister of Finance addresses Parliament: He is ready to cooperate within the framework of the constitution

Posted 20 seconds ago

https://iraqakhbar-com.translate.goog/3490611?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

news source /news

 

news source / news

Minister of Finance, Abdul Amir Allawi

(Alsumaria News) - Today, Saturday, the Minister of Finance, Ali Abdul Amir Allawi, demanded the Speaker of the House of Representatives to hold a session of the Council to vote on confidence in him as a minister, while requesting that he be allowed to give a speech on the economy and the exchange rate.

 

Allawi said, according to a document received by Alsumaria News, that he is "ready to cooperate with the House of Representatives within the framework of the constitution, applicable laws and regulations, and the principle of dividing powers and responsibilities between the executive, judicial and legislative authorities of the state

 

 

[6ly410]

 

 

 

Nouri Al-Maliki@nourialmalikiiq·49m To alleviate the suffering of the #Iraqi people, especially the poor classes, due to the devaluation of the #Iraqi_ dinar, which led to a significant rise in commodity prices, which we had previously warned about and boycotted the voting session on the #2021 budget because of it, and after the noticeable rise in the price of oil in the markets Globalism..

 

We demand the #Central_Bank of Iraq to take a decision to return the exchange rate to the mechanism that does not cause new damage to citizens and economic activities #Al-MalikiTranslate Tweet