Al-Kazemi’s Advisor Sets An Alternative Path To End The “Exchange Rate” Crisis

[yota691]

The government excludes approving the 2022 budget and confirms: There is no direction to reduce the price of the dollar

 08/03/2022

 

 67

 

Baghdad / Al-Mawrid News

The technical advisor to the Prime Minister, Haitham al-Jubouri, confirmed today, Wednesday, that there is no government direction to reduce the exchange rate of the dollar against the dinar, and while he acknowledged the difficulty of approving the 2022 budget, he made it clear that fixing contracts and appointing health professionals and holders of higher degrees is not linked to its approval.
Al-Jubouri said, according to the official agency, that "the revenues generated by the rise in oil prices are temporary and cannot be relied upon in drawing up long-term economic plans, as they fall within the ebb and flow at the present time, which depends on global demand and supply." 
He added, "Real stability lies within non-oil revenues, as they are fixed and can be controlled according to internal legislation and have nothing to do with international prices, which represent collection, improving the tax base and what the state obtains from customs, in addition to encouraging investment," noting that "these things can It creates economic stability in the country and an increase in the revenues generated.”
He pointed out that "oil revenues have actually increased and can be invested in some development projects, but they cannot be relied upon for long."
On approving the budget law and decreasing the exchange rate, Al-Jubouri stressed that “the federal budget for 2022 is difficult to decide during the current year,” explaining that “the installation of contracts for those who have actual service for two years and the appointment of health and medical professionals for cadres covered by the medical gradation and holders of higher degrees are available even if The budget has not been approved.
He pointed out that "the provision of job grades absolutely is a matter that needs and depends on approving the budget and providing sufficient financial liquidity to provide these degrees."
He pointed out that "the government does not have any direction to reduce the exchange rate of the dollar against the Iraqi dinar."

[yota691]

Al-Kazemi’s advisor: The government has no direction to reduce the dollar exchange rate

 

money and business
   

Economy News - Baghdad
The technical advisor to the Prime Minister, Haitham al-Jubouri, confirmed, on Wednesday, that there is no government direction to reduce the exchange rate of the dollar against the dinar.

Al-Jubouri said, "The federal budget for 2022 is difficult to decide during the current year," explaining that "fixing contracts for those who have actual service for two years and appointing health and medical professionals for cadres covered by the medical gradation and holders of higher degrees are available even if the budget is not approved."

He pointed out that "the provision of job grades absolutely is a matter that needs and depends on approving the budget and providing sufficient financial liquidity to provide these degrees."

Al-Jubouri said in an interview with the official news agency, "The government does not have any direction to reduce the exchange rate of the dollar against the Iraqi dinar."

 

 

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Views 186

Added 08/03/2022 - 6:54 PM

Update 08/04/2022 - 10:39 AM

[yota691]

The government excludes approving the 2022 budget and confirms: There is no direction to reduce the price of the dollar

AUGUST 4, 2022

4

1 MINUTE READING

The technical advisor to the Prime Minister, Haitham al-Jubouri, confirmed that there is no government direction to reduce the exchange rate of the dollar against the dinar, and while he acknowledged the difficulty of approving the 2022 budget, he made it clear that the installation of contracts and the appointment of health professionals and holders of higher degrees is not linked to its approval.
Al-Jubouri said, according to the official agency, that "the revenues generated by the rise in oil prices are temporary and cannot be relied upon in drawing up long-term economic plans, as they fall within the ebb and flow at the present time, which depends on global demand and supply."
He added, "Real stability lies within non-oil revenues, as they are fixed and can be controlled according to internal legislation and have nothing to do with international prices, which represent collection, improving the tax base and what the state obtains from customs, in addition to encouraging investment," noting that "these things can It creates economic stability in the country and an increase in the revenues generated.”
He pointed out that "oil revenues have actually increased and can be invested in some development projects, but they cannot be relied upon for long."
On approving the budget law and decreasing the exchange rate, Al-Jubouri stressed that “the federal budget for 2022 is difficult to decide during the current year,” explaining that “the installation of contracts for those who have actual service for two years and the appointment of health and medical professionals for the cadres covered by the medical gradation and the holders of higher degrees are available even if The budget has not been approved.”
He pointed out that "the provision of job grades absolutely is a matter that needs and depends on approving the budget and providing sufficient financial liquidity to provide these degrees."
He pointed out that "the government does not have any direction to reduce the exchange rate of the dollar against the Iraqi dinar."

[horsesoldier]

The key takeaway here is " no direction "

[BETTYBOOP]

I hope they are just blowing smoke... I need to retire like yesterday. 

[horsesoldier]

39 minutes ago, BETTYBOOP said:

I hope they are just blowing smoke... I need to retire like yesterday. 

Too right 👍. Problem is you CAN'T believe anything they say. They'll contradict statements that contradict previous contradictory remarks.

If there was a hint of truth ( doubtful, huh ) it's lost & buried under a mountain 🏔️ of 

Then there's the fact that they just flat out lie like rugs.

[chris2028]

"the government does not have any direction to reduce the exchange rate of the dollar against the Iraqi dinar."

That reads to me as they do not have the "Authority" to reduce the exchange rate of the dollar against the Iraqi Dinar. In other words the CBI has that Direction etc. Perhaps I'm reading that wrong.. 

[Half Crazy Runner]

3 hours ago, chris2028 said:

"the government does not have any direction to reduce the exchange rate of the dollar against the Iraqi dinar."

That reads to me as they do not have the "Authority" to reduce the exchange rate of the dollar against the Iraqi Dinar. In other words the CBI has that Direction etc. Perhaps I'm reading that wrong.. 

 

I think you’re 100% right 👍🏻

[Officiallytook]

Hmm... I concur.

Having "no direction" can be a good thing ... and I can also see how that maybe not having the authoriti to do so

[DWS112]

Al-Kazemi’s Advisor Sets An Alternative Path To End The “Exchange Rate” Crisis

Aug 15, 2022

 

Earth News/ Haitham Al-Jubouri, technical advisor to Prime Minister Mustafa Al-Kazemi, confirmed that it is impossible to return the dollar exchange rate to its previous position, while the value of the dinar can be raised against the dollar.

Al-Jubouri said in a televised interview, followed by Earth News, today, Monday, that "returning to the old exchange rate is a fantasy, as the losses that Iraq will pay in the event of a return will be more than the dollar's survival at its current price."

Al-Jubouri added, "We have to say how the strength of the Iraqi dinar can be restored, against the dollar, but not by a government decision, and this matter is achieved through supply and demand."

He stressed that "the only source of dollars at the present time is the Central Bank, for what it receives in dollars from the Ministry of Finance, for Iraqi oil sales."

He pointed out that “the currency sale window cannot be stopped by the state, as it considers the department to withdraw the dinar and pump the dollar, as it delivers the dinar to the Ministry of Finance and receives the dollar instead, and then the ministry distributes the dinar in various forms, including salaries as well as investment projects.” .

[HowieC]

Good to hear they're  calling it a "crisis"

[Officiallytook]

Fantasy... maaaan if y'all dont quit playing with me....

[Rochester]

Why I support the 'riots' in Iraq. It's the only way to move things, politically, in a country as corrupt as Iraq. Let the riots, the sit ins, whatever you call them, let them continue. Democracy doesn't work there, economics even doesn't work, in the absence of riots or mass protests. Iraq is a completely corrupt country, full of greedy liars, making off with money. If one of their elite said good morning to me, I would not believe them. The only way to honesty there about anything in such a situation, is if the people riot....but, but, but...be peaceful

 

Peaceful riots? Sure. But if the people mean business, they will win. But they have to mean business, because the elite sure do. The Iraqi elite are dead serious about continuing their theft, their callousness, their disregard for their own people. 

 

For those children of the 1970s:

 

Raise a little hell, raise a little hell, raise a little hell!
If you dont like what you got, why dont you change it?
If your world is all screwed up, then rearrange it?
Raise a little hell, raise a little hell, raise a little hell!

 

-Trooper

[yota691]

He proposed a path to restore the strength of the dinar

Al-Kazemi's advisor: Returning to the previous exchange rate is a fantasy.. We will face great losses

2022.08.15 - 08:58

 

Baghdad - people  

Haitham al-Jubouri, technical advisor to the Prime Minister, confirmed that it is impossible to restore the dollar exchange rate to its previous position.  

  

  

Al-Jubouri said during an interview with his colleague Ahmed Al-Tayeb, which was followed by "Nass" today, Monday (August 15, 2022), that "returning to the old exchange rate is a fantasy, as the losses that Iraq will pay in the event of a return will be more than the dollar's survival at its current price."  

  

Al-Jubouri added, "We have to say how the strength of the Iraqi dinar can be restored, against the dollar, but not by a government decision, and this matter is achieved through supply and demand."  

  

He stressed that "the only source of dollars at the present time is the Central Bank, for what it receives in dollars from the Ministry of Finance, for Iraqi oil sales."  

  

He pointed out that "the currency sale window cannot be stopped by the state, as it considers the department to withdraw the dinar and pump the dollar, as it delivers the dinar to the Ministry of Finance and receives the dollar instead, and then the ministry distributes the dinar in various forms, including salaries as well as investment projects." .  

  

Earlier, the Prime Minister's Adviser for Economic Affairs, Haitham al-Jubouri, put forward an economic vision that is summed up in converting four ministries to a self-financing system, restoring the strength of the Iraqi dinar and unifying employee salaries.  

  

Al-Jubouri said in a statement to the official newspaper, followed by "Nass", (July 18, 2022), that "there is an economic vision for the next stage, part of which was written, and the most prominent of these ideas are the transformation of four ministries, namely transport, communications, interior and trade, from central to self-financing, and they can benefit from the revenues." achieved by it, through the large and discreet companies that it owns or the revenues that are achieved through its work,” noting “the possibility of benefiting from the amounts allocated to it from the state treasury in establishing productive development projects.”    

  

He added, "There is a vision in the exchange rate of the dollar, and restoring confidence and strength to the Iraqi dinar, provided that it is not by a decision, as happened in the decision to raise the exchange rate, but by real economic reforms and an increase in non-oil revenues with a plan that extends from one to four years, and increasing the volume of investments in the country by persuading Iraqi investors who invest their money abroad to return to Iraq through facilities provided to them and encouraging them to invest their money inside the country.”    

  

Al-Jubouri pointed out that "among the vision is the automation of government procedures, electronic connectivity, amending instructions for implementing government contracts, and the issue of tax exemptions with a focus on increasing the tax base through profitable companies or personalities," expressing "regret that there is a focus on the simple citizen in the tax issue." While most companies evade the final accounts as they are fictitious.    

  

And the Prime Minister's Adviser for Economic Affairs, "the possibility of increasing customs revenues, which can achieve huge sums in the event that there is governance of the border crossings."    

  

He explained, "The necessity of activating the collection of electric energy that is prepared for citizens, shops and commercial establishments, as the ministry collects only 7 percent of the money, and the vision also included the establishment of the fourth mobile phone license company, activating licensing rounds for investing in minerals as in oil, and standardizing the salary scale of employees. Without increasing its total amount, which will be among the interests of the next government, as it is not possible for an employee in a ministry to take 5 times as much as another employee with the same title, degree and certificate.”    

  

He stressed, "Part of these ideas can be started through effective laws, such as the Financial Management Law and the Electronic Signature Law, which needs speed in the procedures of its legislation."    

  

He pointed out, "Some find it strange to implement some of this plan, but all of them are feasible and there is an integrated vision on this subject, if we know that it can be implemented in the near, medium and long stages."    

[6ly410]

The government comments on the possibility of restoring the dollar exchange rate and ending the currency auction - urgent

Posted 17 seconds ago

 

Government Comments on Possibility of Restoring Dollar Exchange Rate and Ending Currency Auction - Urgent - Iraq News (iraqakhbar-com.translate.goog)

news source /Baghdad today

 Baghdad today - Baghdad 

Today, Monday, the government's economic advisor, Haitham al-Jubouri, ruled out taking any decision regarding the dollar's exchange rate, indicating that the best solution lies in strengthening the national currency against the dollar.

 Al-Jubouri said in a televised statement, which was followed by (Baghdad Today), that "the issuance of a decision regarding the exchange rate of the dollar by decreasing or raising is excluded at the present time."

 He added, "The ideal solution to end the crisis of the devaluation of the dinar is the currency to strengthen the local currency, expand its activity and diversify its sources."

 And on the possibility of ending the currency auction, Al-Jubouri said that “the currency auction does not mean selling the dollar only, but rather buying the dinar to give 10 trillion dinars for the benefit of state employees every month, which means that it cannot be dispensed with.”

[6ly410]

Al-Jubouri: The impossibility of restoring the dollar exchange rate to its former position

Last Update: 15 August 2022 - 12:47 PM

Al-Jubouri: The impossibility of restoring the dollar exchange rate to its former status – Iraq News Network (aliraqnews.com)

Baghdad/Iraq News Network - Haitham al-Jubouri, technical adviser to the prime minister, stressed that it is impossible to restore the exchange rate of the dollar to its former position.Al-Jubouri said in a press interview, that "returning to the old exchange rate is a fantasy, the losses that Iraq will pay in the event of a return will be more than the survival of the dollar at its current price".Al-Jubouri added, "We have to say how to restore the strength of the Iraqi dinar, against the dollar, but not by a government decision, and this is achieved through supply and demand." He pointed out that "the window of sale of currency cannot be stopped by the state, as it considers the department to withdraw the dinar and pump the dollar, where it delivers the dinar to the Ministry of Finance and receive the dollar instead, and then the ministry distributes the dinar in various forms, including salaries as well as investment projects.

[NMP2017]

3 hours ago, Rochester said:

"Democracy doesn't work there, economics even doesn't work, in the absence of riots or mass protests. Iraq is a completely corrupt country, full of greedy liars, making off with money."

 

 

Agree 100% they don't know what to do with a Democracy other than 1000's using it to steal the country's money. They need another Dictator, someone more "Benevolent" than the previous ones. Then their are only 100's stealing the country's money :D

[Artitech]

Sounds like they are going to come out around a dollar! I agree they cant come out at $3.49! The US government is more corrupt than Iraq! The Iraqi's, learned how to be corrupt from the best crooks in the world  the demorats & the bidens! There is no telling how much money, the clinton's, obama's, and the biden's criminal crime syndicate stole through bribery and payoffs in Iraq!  Hopefully more constitutionalist will be elected here in the house & senate! Hopefully we will see arrest and criminal trials begin here in the USA! Oh how wish I could be the one to make the arrest of all these demorat subversives, and their all their Co Conspirators at the DOJ, FBI, IRS, CIA, DEA, & Homeland Security! If your a law enforcement officer, you see other Officers committing crimes, you have a duty to report it. If you go ahead & participate in illegal raids,shakedowns, falsifying affidavits for warrants, bring false witness against a suspect, ect.you need to held accountable too! if you see this and report it, the criminal activity continues, you turn in your badge and gun, period!! Become a whistleblower on these criminals!! JMHO 

[screwball]

19 hours ago, Artitech said:

Sounds like they are going to come out around a dollar!

A dollar will do and anytime that suits preferably now or before end of September but will wait as long as it takes 

[screwball]

20 hours ago, 6ly410 said:

The ideal solution to end the crisis of the devaluation of the dinar is the currency to strengthen the local currency, expand its activity and diversify its sources."

 And on the possibility of ending the currency auction,

Sounds promising