The House of Representatives holds its session headed by Al-Halbousi

[64jaguar]

....... These people are beyond pathetic...

 

Oil will probably be above $120.00 a barrel next week.....

[JonnyV]

If not now already.  

[6ly410]

Between the exchange rate and promises of reforms.. the fragile classes struggle with the high prices of the markets

https://www.alsumaria.tv/news/خاص-السومرية/413269/مابين-سعر-الصرف-والوعود-بالإصلاحات-الطبقات-الهشة-ت

2022-03-03 | 04:13

 

Report: Alsumaria News

The exchange rate of the dollar against the dinar is still standing against all attempts to reduce it by some political forces, amid the insistence and clear adherence of the Ministry of Finance and the Central Bank to the decision to maintain the price in exchange for reforms that the government will pursue in the coming period to reduce the damage caused to the fragile classes as a result of the rise The exchange rate, with assurances that there will be no point in any reforms as long as they are not accompanied by a reform process to combat corruption and end currency smuggling.

At a time when a parliamentarian stressed the importance of activating the automation system to combat corruption and currency smuggling, blaming the Minister of Finance and the Governor of the Central Bank for the reluctance to implement it, another pointed out that any sudden devaluation of the dollar against the dinar would have a similar damage to what happened at the time of its previous lifting, stressing the importance of Finding real remedies to reduce the damage to the poor classes and focus on supporting the ration card, social welfare and the lower classes of employees, while an economist stressed that all the justifications of the government and the Minister of Finance are of no value and she is well aware that her words are a distortion of facts and their goals do not serve the poor citizen.
Independent MP Hadi Al-Salami stressed that the failure to activate the automation system caused the continuation of corruption, waste of public money and currency smuggling, stressing that the Minister of Finance and the Governor of the Central Bank bear full responsibility for this situation.

Al-Salami said in an interview with Alsumaria News, "Activating the automation system will be of utmost benefit in ending corruption and wasting public money and ending cases of manipulation of people's wealth, given that this step will lead to linking information technology and the tax and customs system with the Central Bank of Iraq," noting that " These measures will lead to an end to the currency smuggling process and the inventory of tax issues and customs accounting, thus ending the issue of forged invoices used in the smuggling of hard currency abroad.

 

Al-Salami added, "These mechanisms, despite their importance in supporting the financial and monetary policy in the country, but the Minister of Finance and the Governor of the Central Bank did not abide by them and were not applied despite their inclusion in the enforceable laws, which caused the waste of public money and the continuation of corruption and currency smuggling."
He continued, "In order to defend the interests of the Iraqi people, who are considered the only victims of these wrong policies, we have submitted a complaint to the Attorney General, the Minister of Finance and the Governor of the Central Bank, due to the waste of public money and corruption."

The observer of economic affairs, Hamid Al-Yasiri, confirmed that food prices have become unbearable and burden the simple citizen in a way that he is not able to confront them, noting that the price of edible oil has reached prices equal to four times what it was last year, not to mention the high sugar prices. And edible oil in reality threatens the livelihood of the simple citizen.

Al-Yasiri said in an interview with Alsumaria News, “The government should look at the situation of the simple citizen and bring those responsible for their ivory tower to the street and watch the systematic starvation of the poor classes by doubling food prices very dramatically,” stressing that “promises of reforms The citizen will not believe in it, and the only solution is to lower the price of the dollar against the dinar, because if any reforms take place, they will benefit only certain segments and not all the Iraqi people, and it is not true that another class and starvation of the people are taken into account.

He added, "The Minister of Finance is talking about a rise in the international commodity prices, which is the reason for the rise in food prices in Iraq, but this is an outright fallacy and a deduction from the truth, given that the rise in prices on the stock exchange will raise prices locally to a certain percentage, but raising the price of the dollar against the dinar is what The rate of rise increased to one and a half times from the previous one, which doubled the suffering of the citizen.

He called for "the government and the finance minister to be with the Iraqi people and not against them, because all their justifications will not make the hungry citizen sleep at night comfortably."

For his part, MP Muhammad Anouz confirmed that any sudden devaluation of the dollar against the dinar at the present time is something that cannot be talked about because it may lead to confusion in a similar way to what happened when it was raised more than a year ago, noting that the treatment for the repercussions of raising the price is through addressing For all the obstacles that negatively affect the fragile classes.

In an interview with Alsumaria News, Anouz said, "It is not possible to talk about a sudden devaluation of the dollar against the dinar, because it may lead to confusion, as happened when it was raised after information leaked before the decision to lift it was issued. Therefore, the reduction process in this situation will benefit the capital, especially the banks." Al-Ahly because it owns the dollar.”

He went on to say, "The trend that took place in the last parliament session after the Finance Minister presented his vision during hosting was through addressing the repercussions of raising the exchange rate."

And Anouz added, "The treatment is through addressing all the obstacles that negatively affect the fragile classes and working to support the ration card, social protection and minimum salaries for job grades, which reduces the repercussions of raising the price, in addition to coordination between all the ministries concerned with the file of price protection and importing goods to ensure that there is no raising Prices are exploited by greedy traders and market speculators.

He pointed out, "In the event that the government allocates sufficient funds to address the situation through direct and indirect support and obtain the necessary funds that the government needs, especially through customs, taxes and fees collected on Eid from state institutions in order to support the government's capabilities financially and provide assistance to the fragile classes, especially that the level of Poverty is high and the purchasing power of many citizens is weak for various reasons.

He stressed that "raising the dollar's price was with political approval and within convictions based on concrete conditions at the time regarding the issue of providing employee salaries while providing support to the fragile classes for you. In order to address the failure situation and reduce the burdens of citizens."

[6ly410]

Economy news

Parliament’s deadline for the Minister of Finance enters the countdown

Posted 30 seconds ago

https://iraqakhbar-com.translate.goog/3505705?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

news sourceAlsumaria channel

News source / Alsumaria channel

Beyond the week's deadline... Parliament is awaiting the treatments of Finance Minister Ali Allawi to remedy the repercussions of the dollar's exchange rate and its negative effects on the market, at a time when MPs assert that changing the exchange rate must be gradual, not surprising, as happened previously. 

The week's deadline given by Parliament to Finance Minister Ali Allawi to present economic treatments has entered the countdown.

In Parliament, almost all deputies are waiting for what Allawi will present after the deadline granted to him to address the market situation and the damage caused to the poor citizen as a result of the repercussions of the dollar price, and then the House of Representatives will have a position on the situation.

Addressing the economic situation at the present time should start gradually until a decision is reached to reduce the exchange rate in order to preserve the market from sudden fluctuations that will inevitably lead to a new crisis in prices, according to the description of some deputies

The treatments of the Ministry of Finance that are supposed to be presented after the parliament deadline will be completely devoid of the proposal to return the dollar exchange rate to its previous position. This is what economists expected, especially after Minister Ali Allawi confirmed that changing the exchange rate is very difficult and not possible.

[yota691]

Parliament’s deadline for the Minister of Finance enters the countdown

Sumerian special

2022-03-04 | 02:56

 

 

 

Source:

Sumerian

 

3,315 views

 

 

Parliament’s deadline for Finance Minister Ali Allawi enters the countdown, and deputies confirm: The exchange rate change must be gradual.
 

Beyond the week's deadline... Parliament is awaiting the treatments of Finance Minister Ali Allawi to remedy the repercussions of the dollar's exchange rate and its negative effects on the market, at a time when MPs assert that changing the exchange rate must be gradual, not surprising, as happened previously. 

 

 

The week's deadline given by Parliament to Finance Minister Ali Allawi to present economic treatments has entered the countdown.

In Parliament, almost all deputies are waiting for what Allawi will present after the deadline granted to him to address the market situation and the damage caused to the poor citizen as a result of the repercussions of the dollar price, and then the House of Representatives will have a position on the situation.

Addressing the economic situation at the present time should start gradually until a decision is reached to reduce the exchange rate in order to preserve the market from sudden fluctuations that will inevitably lead to a new crisis in prices, according to the description of some deputies

 

The treatments of the Ministry of Finance that are supposed to be presented after the parliament deadline will be completely devoid of the proposal to return the dollar exchange rate to its previous position. This is what economists expected, especially after Minister Ali Allawi confirmed that changing the exchange rate is very difficult and not possible.

[yota691]

Al-Jubouri for a program to publicly determine the exchange rate must be based on supply and demand, not a government decision
708 views Mar 4, 2022

 

Sumerian Alsumaria

Al-Jubouri for an open program. Determining the exchange rate should depend on supply and demand and not a government decision in public. A political program that discusses current issues and people’s questions..what is going on in the corridors of politics and decision-making..“publicly” in a weekly meeting with officials, stakeholders and specialists in a quiet talk show And open to the presentation of Samara Mahmoud.

Abu Saad
8 minutes ago
Originally, this al-Jubouri is against the poor, if he is talking about the poor, and he is the one who reduced the amount allocated to social care and blames the government for being negligent.

Oh God's sake
30 minutes ago
It is enough for you to put forward your opinions. The more information you have, the behavior rises, as long as people die. Your assets are working and you are lazy. Enough of failed meetings, they achieved what until you met them

Ahmed 11
40 minutes ago
May God bring down your luck and the luck of your government