Despite the insistence of the Central..A deputy talks about the possibility of changing the dollar exchange rate

[yota691]

The mechanism of selling the currency within the list

Parliamentary Finance: We will discuss 3 important files with the Governor of the Central Bank today

2022.10.09 - 08:25

 

  

Baghdad - people  

The Parliamentary Finance Committee announced, on Sunday, that it is in the process of discussing three important files during the hosting of the Governor of the Central Bank, Mustafa Ghaleb Makheeb, today.  

  

  

  

Committee member Muhammad Nouri said, in a statement to the official newspaper, followed by “Nass” (October 9, 2022): “The committee, represented by its members, will discuss with the governor the loss of $800 million from the General Tax Authority, the currency sale mechanism and the procedures followed in that.”  

  

He added, "The committee will also discuss with the governor the control of a group of banks over the currency sale auction for 3 years until now and their dominance over the largest amount of their amounts, providing them with bids amounting to tens of millions of dollars per day and smuggling them, and standing on the validity of the financial transactions of the concerned banks, and how they behave." the central bank about it.  

  

He pointed out, "requesting the priorities and documents of the companies participating in the currency sale window, along with the documents of the authorized director, tax identity and final accounts, as well as import licenses and customs permits for the currency sale window."  

  

Noting that "the banks included in the priority application are (Trust, Middle East, Mosul, Business Bay, Trans-Iraq, Investment, Al-Qirtas, Al-Ansari, Al-Arabiya)."  

  

And Nuri stated, "There are other files that will be discussed during the hosting." He pointed out that "the Finance Committee and other committees are working seriously and correctly on the issue of hosting, but the recent Federal Court decision limits the powers of the deputy, especially the supervisory ones in the list of lawsuits and direct follow-up, but everyone is trying as much as possible and with the help of the street and the media to correct the march, even in a small way as a start. for repair."  

  

Earlier, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, sent a letter to the Governor of the Central Bank to discuss the content of the letter of the Parliamentary Finance Committee.    

  

The book, which "Nass" obtained a copy of, (5 October 2022), stated that the hosting date will be next Sunday (October 9, 2022), at (12:00) noon.    

  

[yota691]

Pictures.. The Governor of the Central Bank in Parliament to discuss several files

2022.10.09 - 11:54

 

Baghdad - people  

The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, chaired a meeting of the Parliamentary Finance Committee, on Sunday, during which he hosted the Governor of the Central Bank, Mustafa Ghaleb Mikheeb.  

  

  

And the media office of the First Deputy stated in a statement that “Nass” received a copy of it (October 9, 2022), that “First Deputy Mohsen Al-Mandalawi chaired an expanded meeting of the Finance Committee in the presence of the Governor of the Central Bank, Mustafa Ghaleb, to discuss several axes, the most important of which is the Central Bank sales file during a sale window. The foreign currency and the file of all kinds of loans granted by the bank during the last period, especially the industrial and housing initiative, and the central bank’s policy file on increasing the capital of commercial, Islamic and private banks.   

  

According to the statement, the meeting dealt with a feasibility study of the numbers of private commercial and Islamic banks, and the banks that were placed under the tutelage of the Central Bank, as well as discussing the results achieved (the platform for letters of guarantee) established by the Central Bank and the extent to which banks are able to apply them in the areas of banking work, and the supervisory role. The Bank shall have the responsibility of commercial and Islamic banks regarding the fulfillment of some of the reluctance banks to fulfill their obligations towards their customers.   

  

  

  

  

  

  

The Parliamentary Finance Committee announced, on Sunday, that it is in the process of discussing three important files during the hosting of the Governor of the Central Bank, Mustafa Ghaleb Makheeb, today.  

  

Committee member Muhammad Nouri said, in a statement to the official newspaper, followed by “Nass” (October 9, 2022): “The committee, represented by its members, will discuss with the governor the loss of $800 million from the General Tax Authority, the currency sale mechanism and the procedures followed in that.”    

  

He added, "The committee will also discuss with the governor the control of a group of banks over the currency sale auction for 3 years until now and their dominance over the largest amount of their amounts, providing them with bids amounting to tens of millions of dollars per day and smuggling them, and standing on the validity of the financial transactions of the concerned banks, and how they behave." the central bank about it.    

  

He pointed out, "requesting the priorities and documents of the companies participating in the currency sale window, along with the documents of the authorized director, tax identity and final accounts, as well as import licenses and customs permits for the currency sale window."    

  

Noting that "the banks included in the priority application are (Trust, Middle East, Mosul, Business Bay, Trans-Iraq, Investment, Al-Qirtas, Al-Ansari, Al-Arabiya)."    

  

And Nuri stated, "There are other files that will be discussed during the hosting." He pointed out that "the Finance Committee and other committees are working seriously and correctly on the issue of hosting, but the recent Federal Court decision limits the powers of the deputy, especially the supervisory ones in the list of lawsuits and direct follow-up, but everyone is trying as much as possible and with the help of the street and the media to correct the march, even in a small way as a start. for repair."    

  

Earlier, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, sent a letter to the Governor of the Central Bank to discuss the content of the letter of the Parliamentary Finance Committee.    

  

The book, which "Nass" obtained a copy of, (5 October 2022), stated that the hosting date will be next Sunday (October 9, 2022), at (12:00) noon.      

  

[yota691]

Iraq needs a permanent economic council

Al-Kazemi's advisor talks about the government's basic standard in formulating economic policy

2022.10.09 - 14:09

 

Baghdad - people   

On Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set the main criterion in drawing up the country's economic policy.   

  

  

  

Saleh said, to the official agency, and followed by "Nas" (October 9, 2022): "The basic and main criterion adopted by the government in drawing up economic policy, especially those affecting economic development, is the five-year development plan, which is the tool and chart that indicates essential goals, foremost of which is happiness the people and their welfare.  

  

He added, "The five-year development plan is funded in accordance with the budget strategy and its quantitative objectives, whose estimates extend to at least three years, and are renewed annually on a continuous basis with the mechanisms for preparing the annual federal budget and its legislation, as investment projects are divided sectorally according to fundamental criteria, the most important of which is the amount of their contribution to growth. The annual economic plan indicated by the development plan and according to the priority of the investment project in achieving economic diversification and sectoral integration and its ability to operate human energies and various other local resources and human necessities without neglecting its geography, which should affect the most disadvantaged areas in the country.  

  

He continued: "Based on the foregoing, the financing and important part of the annual general budget (after the operational budget) is the government's annual investment spending and ways to finance it, as it sets aside at least 20% of the total public spending planned to finance government investments, not to mention the The investment activity undertaken by the private sector, which is indicated by the five-year development plan among its indicators, and which takes up no less than 35% of the annual investment in some sectors and reaches more than 50% in the housing sector, for example, out of the total annual targeted investment in the country ".  

  

He stressed, "The country is still in dire need of a permanent economic council that has executive powers for infrastructure and reconstruction, to ensure the implementation of strategic projects across governorates, such as major agriculture, transportation, water, energy, housing, construction and digital economy projects, all of which accelerate the degree of economic diversification and the transition to an advanced development era in an accelerated manner." In the economic well-being, as well as the role of the Council to follow up the sustainability of financing and implementation of these projects according to the timing and priority without stumbling or delaying.  

[yota691]

A one-week deadline.. Outcomes of hosting the governor of the Central Bank by Parliamentary Finance

2022.10.09 - 14:44

 

Baghdad - people   

The Parliamentary Finance Committee, headed by the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, discussed with the Governor of the Central Bank, Mustafa Ghaleb Mokhief, a package of files.  

  

  

  

A statement by Al-Mandalawi’s office stated, “Nass” received a copy of it, (October 9, 2022), “Mohsen Al-Mandalawi, the First Deputy Speaker of the House of Representatives, gave the Central Bank a period of one week to answer clearly the questions submitted by the members of the Finance Committee, and provide the committee with all documents. related to the letter of guarantee file and the currency sale window.  

  

And Al-Mandalawi indicated, according to the statement, that "the Central Bank is directly responsible for implementing the country's banking policies, and it is concerned with developing the work of banks and monitoring their work with the aim of protecting citizens' deposits and keeping pace with global development in this important sector on which the state depends to develop the rest of the sectors such as industry, agriculture, investment, tourism and others." He stressed, "The bank must take more effective precautionary measures to address the inflation resulting from the devaluation of the dinar against the dollar."  

  

During the meeting, according to the statement, “a number of questions were raised by the members of the Finance Committee related to the currency sale window of the Central Bank, industrial and housing initiative loans, and the Central Bank’s policies regarding increasing the capital of commercial, Islamic and private banks, custodial banks, letters of guarantee, and the bank’s supervisory role over banks.” And coming out with a set of recommendations, and agreeing to hold another meeting soon to answer the questions raised and to provide a full briefing on all topics and details.”  

  

Al-Mandlawi chaired a meeting of the Parliamentary Finance Committee, on Sunday, during which he hosted the Governor of the Central Bank, Mustafa Ghaleb Makheeb  

  

And the media office of the First Deputy stated in a statement that “Nass” received a copy of it (October 9, 2022), that “First Deputy Mohsen Al-Mandalawi chaired an expanded meeting of the Finance Committee in the presence of the Governor of the Central Bank, Mustafa Ghaleb, to discuss several axes, the most important of which is the Central Bank sales file during a sale window. The foreign currency and the file of all kinds of loans granted by the bank during the last period, especially the industrial and housing initiative, and the central bank’s policy file on increasing the capital of commercial, Islamic and private banks.     

  

According to the statement, the meeting dealt with a feasibility study of the numbers of private commercial and Islamic banks, and the banks that were placed under the tutelage of the Central Bank, as well as discussing the results achieved (the platform for letters of guarantee) established by the Central Bank and the extent to which banks are able to apply them in the areas of banking work, and the supervisory role. The Bank shall have the responsibility of commercial and Islamic banks regarding the fulfillment of some of the reluctance banks to fulfill their obligations towards their customers.     

  

  

  

  

  

  

And the Parliamentary Finance Committee announced, earlier, that it was in the process of discussing three important files during the hosting of the Governor of the Central Bank, Mustafa Ghaleb Makheeb today.  

  

Committee member Muhammad Nouri said, in a statement to the official newspaper, followed by “Nass” (October 9, 2022): “The committee, represented by its members, will discuss with the governor the loss of $800 million from the General Tax Authority, the currency sale mechanism and the procedures followed in that.”      

  

He added, "The committee will also discuss with the governor the control of a group of banks over the currency sale auction for 3 years until now and their dominance over the largest amount of their amounts, providing them with bids amounting to tens of millions of dollars per day and smuggling them, and standing on the validity of the financial transactions of the concerned banks, and how they behave." the central bank about it.      

  

He pointed out, "requesting the priorities and documents of the companies participating in the currency sale window, along with the documents of the authorized director, tax identity and final accounts, as well as import licenses and customs permits for the currency sale window."      

  

Noting that "the banks included in the priority application are (Trust, Middle East, Mosul, Business Bay, Trans-Iraq, Investment, Al-Qirtas, Al-Ansari, Al-Arabiya)."      

  

And Nuri stated, "There are other files that will be discussed during the hosting." He pointed out that "the Finance Committee and other committees are working seriously and correctly on the issue of hosting, but the recent Federal Court decision limits the powers of the deputy, especially the supervisory ones in the list of lawsuits and direct follow-up, but everyone is trying as much as possible and with the help of the street and the media to correct the march, even in a small way as a start. for repair."      

  

Earlier, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, sent a letter to the Governor of the Central Bank to discuss the content of the letter of the Parliamentary Finance Committee.    

  

The book, which "Nass" obtained a copy of, (5 October 2022), stated that the hosting date will be next Sunday (October 9, 2022), at (12:00) noon.        

  

[yota691]

In the presence of the Governor of the Central Bank ... an expanded parliamentary meeting to discuss several files

• Time: 10/09/2022 11:56:30
•  
• Reading: 1,157 times

  

{Local: Al Furat News} The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, chaired, on Sunday, an expanded meeting of the Finance Committee, in the presence of Central Bank Governor Mustafa Ghaleb.

The media office of the First Deputy stated in a statement received by {Euphrates News} that “Al-Mandalawi chaired an expanded meeting of the Finance Committee, in the presence of the Governor of the Central Bank, Mustafa Ghaleb, to discuss several axes, the most important of which is the Central Bank’s sales file during the foreign currency sale window and the file of loans of all kinds, which Al-Beng granted during the period The past, especially the industrial and housing initiative, and the central bank’s policy file regarding increasing the capital of commercial, Islamic and private banks.”

He added, "The meeting witnessed a discussion of the feasibility study on the numbers of private commercial and Islamic banks, and the banks that were placed under the tutelage of the Central Bank, as well as discussion on the results achieved by the platform for letters of guarantee established by the Central Bank and the extent of the banks' ability to apply them in the areas of banking work, and the supervisory role of the bank. The commercial and Islamic banks with regard to the fulfillment of some of the reluctance banks to fulfill their obligations towards their customers.

[yota691]

A member of it: Parliamentary Finance is awaiting sending 3 important laws

• Time: 10/09/2022 14:18:18
•  
• Reading: 1,066 times

  

{Politics: Al Furat News} A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed today, Sunday, that the committee is waiting for 3 important laws to be sent by the government.

 

Cougar told Al-Furat News that: "The laws that the government will send, such as the budget law, the law to unify the salary scale, or a law similar to the emergency food support law are awaiting."
He stressed "the priority of the budget law in sending it to the House of Representatives, especially since time so far will allow for that."
"There is time and space for all political parties to form a government," Cougar added.

From: Raghad Daham
 

[yota691]

Al-Mandalawi stresses the need to take precautionary measures to address inflation due to the devaluation of the dinar

• Time: 10/09/2022 14:40:29
•  
• Reading: 832 times

  

{Politics: Al Furat News} The First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, stressed today, Sunday, the need to take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.

 

A statement by his office, which {Al-Furat News} received a copy of, stated: “This came during his presidency of an expanded meeting of the Finance Committee, in the presence of the Governor of the Central Bank, Mustafa Ghaleb, to discuss several axes, the most important of which is the Central Bank’s sales file during the foreign currency sale window and the file of loans of all kinds, which were granted by the Bank. During the last period, especially the industrial and housing initiative, and the central bank's policy file on increasing the capital of commercial, Islamic and private banks.
Al-Mandalawi said, "The Central Bank is directly responsible for implementing the country's banking policies, and it is concerned with developing the work of banks and monitoring their work in order to protect citizens' deposits and keep pace with the global development in this important sector on which the state depends to develop the rest of the sectors such as industry, agriculture, investment, tourism and others."
He stressed, "The bank must take more effective precautionary measures to address the inflation resulting from the devaluation of the dinar against the dollar."
Al-Mandalawi added, "The Central Bank has a period of one week to answer clearly the questions submitted by the members of the Finance Committee, and to provide the Committee with all documents related to the file of letters of guarantee and the currency sale window."
According to the statement, the meeting witnessed a discussion of the feasibility study of the numbers of private commercial and Islamic banks, and the banks that were placed under the tutelage of the Central Bank, as well as discussions on the results achieved by the “Letters of Guarantee platform” established by the Central Bank and the extent of the banks’ ability to apply it in the areas of banking work, and the supervisory role. The Bank shall have the responsibility of commercial and Islamic banks with regard to the fulfillment of some of the reluctance banks to fulfill their obligations towards their customers.

[6ly410]

 

[yota691]

Reveal the details of hosting the Minister of Planning and the Undersecretary of the Ministry of Finance

• Time: 10/09/2022 15:58:10
•  
• Reading: 221 times

  

{Local: Al Furat News} The Parliamentary Finance Committee revealed, today, Sunday, the details of hosting the Minister of Planning and the Undersecretary of the Ministry of Finance.

 

The committee stated, in a statement that {Euphrates News} received a copy of it, that: “At the directives of the Speaker of Parliament, it hosted today, headed by MP Mahasin Hamdoun, the head of the committee, and the presence of its members, Minister of Planning Khaled Battal, Chairman of the Board of Financial Supervision Ravel Yassin, Deputy Minister of Planning Maher Hammad and Undersecretary of the Ministry of Finance Director General of the Budget Department Taif Sami, Director General of the Accounting Department in the Ministry of Finance and the advanced cadre in the Ministries of Finance and Planning.

She added, "She discussed the file of financing the financial allocations for the development of the regions for the governorates that are not organized in a region contained in the law of emergency support for food security and development before submitting its report to the House of Representatives. After voting on it, in addition to non-disbursement of allocations for ongoing projects to spending units and project components.

Parliamentary Finance stressed "finding solutions and implementing the provisions contained in the law on emergency support for food security and development."

[6ly410]

 

[6ly410]

• Parliamentary Finance: We will discuss the justifications for printing and issuing a denomination (20,000 dinars) with the Governor of the Central Bank – Iraq News Network (aliraqnews.com)

Parliamentary Finance: We will discuss the justification for printing and issuing a denomination (20,000 dinars) with the Governor of the Central Bank

Last Update: 9 October 2022 - 10:49 AM

Baghdad/Iraq News Network - The parliamentary finance committee will discuss on Sunday with the governor of the Central Bank the auction of currency and the issuance of a new Iraqi currency.Member of the Parliamentary Finance Committee Nermeen Marouf said in a press interview that "the parliamentary finance committee will host today the Governor of the Central Bank to discuss a number of important topics and issues, most notably the currency auction, the sale window, the printing of currency, the mechanism of work of the participating banks and other topics and issues within the tasks of the Central Bank." The feasibility, justifications and reasons for taking a decision by the Central Bank to print and issue a new denomination (20,000 dinars) and how much money will be issued from the new denomination and the mechanism of putting such a currency on the market".The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, revealed on Tuesday (September 27), that there is an intention to put forward a banknote denomination of 20,000 dinars.

[Cata]

Thanks Yota for all your time!

[6ly410]

Al-Mandalawi chairs an expanded meeting of the Finance Committee, in the presence of the Governor of the Central Bank of Iraq

Sunday 09 October 2022 11:58 | EconomicNumber of readings: 284

Al-Mandalawi chairs an expanded meeting of the Finance Committee, in the presence of the Governor of the Central Bank of Iraq (ninanews-com.translate.goog)

Baghdad / NINA / - The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, chaired an expanded meeting of the Finance Committee, in the presence of the Governor of the Central Bank, Mustafa Ghaleb. The Central Bank's policy file on increasing the capital of commercial, Islamic and private banks.

A statement by the media office said to Al-Mandalawi that the meeting witnessed a discussion of the feasibility study of the numbers of private commercial and Islamic banks, and the banks that were placed under the tutelage of the Central Bank, as well as discussions on the results achieved by the “Letters of Guarantee Platform” established by the Central Bank and the extent of the banks’ ability to apply it in the areas of work. The banking system, and the supervisory role of the bank over commercial and Islamic banks with regard to the fulfillment of some lagging banks of their obligations towards their customers.”/ End 2

[yota691]

 

Parliament gives the Central Bank a week to answer parliamentary finance questions related to the currency sale window

 

 2022-10-09 07:55

 

Shafaq News/ On Sunday, the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, gave the Central Bank of Iraq one week to answer the questions of the Finance Committee regarding the currency sale window, stressing the need to take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.

This came while he chaired an expanded meeting of the Finance Committee, in the presence of Central Bank Governor Mustafa Ghaleb Mokhief, according to a statement received by Shafak News Agency. Al-Mandalawi said, "The Central Bank is directly responsible for implementing the country's banking policies, and it is concerned with developing the work of banks and monitoring their work in order to protect citizens' deposits and keep pace with the global development in this important sector on which the state depends to develop the rest of the sectors such as industry, agriculture, investment, tourism and others, stressing the "The bank must take more effective precautionary measures to address the inflation resulting from the devaluation of the dinar against the dollar."

During the meeting, a number of questions were raised by the members of the Finance Committee related to the currency sale window of the Central Bank, the loans of the industrial and housing initiative, the Central Bank’s policies regarding increasing the capital of commercial, Islamic and private banks, custodial banks, letters of guarantee, and the bank’s supervisory role over banks, and to come up with a sentence From the recommendations, and agreeing to hold another meeting soon to answer the questions raised and to provide a full briefing on all topics and details.”

According to the statement, Al-Mandalawi gave the Central Bank a period of one week to answer clearly the questions submitted by the members of the Finance Committee, and to provide the Committee with all documents related to the file of letters of guarantee and the currency sale window.

[6ly410]

The First Deputy Speaker of Parliament gives the Central Bank one week to answer the questions of the Finance Committee

Sunday 09 October 2022 14:50 | Economic Number of readings: 206

النائب الأول لرئيس البرلمان يمهل البنك المركزي اسبوعاً واحداً للإجابة عن تساؤلات اللجنة المالية (ninanews-com.translate.goog)

Baghdad / NINA / - Mohsen Al-Mandalawi, First Deputy Speaker of the House of Representatives, gave the Central Bank one week to answer clearly the questions submitted by members of the Parliamentary Finance Committee, and to provide the committee with all documents related to the file of letters of guarantee and the currency sale window.

And during his presidency today, Sunday, Al-Mandlawi indicated an expanded meeting of the Finance Committee in the presence of the Governor of the Central Bank (Mustafa Ghaleb), according to a statement by his media office, that the Central Bank is directly responsible for implementing the country’s banking policies, and it is concerned with developing the work of banks and monitoring their work with the aim of protecting citizens’ deposits and keeping pace with The global development in this important sector that the state relies on to develop the rest of the sectors such as industry, agriculture, investment, tourism and others, stressing that the bank must take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.

The statement indicated that during the meeting, a number of questions were raised by members of the Finance Committee related to the currency sale window of the Central Bank, the industrial and housing initiative loans, and the Central Bank’s policies regarding increasing the capital of commercial, Islamic and private banks, custodial banks, letters of guarantee, and the bank’s supervisory role over banks. And coming up with a set of recommendations, and agreeing to hold another meeting soon to answer the questions raised and to provide a full briefing on all topics and details./ Ended in

[yota691]

 

A verbal altercation in Parliament with the Director of the Iraqi Budget

 

 2022-10-09 09:51

 

 

Shafaq News / A parliamentary source reported, on Sunday, that a "strong" verbal altercation occurred between the Undersecretary of the Federal Ministry of Finance, Director General of the Budget Department Taif Sami, and a number of deputies, who accused the ministry of not cooperating with members of Parliament, about the official books sent.

The source told Shafaq News Agency, "A strong verbal altercation occurred between Sami and a number of deputies, including Kirkuk's deputy, Omid Muhammad, for several reasons, including the failure to launch funding for the financial allocations for the development of the regions, and the failure to disburse the allocations of ongoing projects to spending units and project components."

He added that "the Parliamentary Finance Committee discussed, while hosting Sami, the file of financing financial allocations for the development of regions and governorates that are not organized in a region, contained in the Law on Emergency support for Food Security."

On Sunday morning, the Parliamentary Finance Committee hosted Minister of Planning Khaled Battal, Chairman of the Board of Financial Supervision Ravel Yassin, Deputy Minister of Planning Maher Hammad, Undersecretary of the Ministry of Finance, Director General of the Budget Department Taif Sami, Director General of the Accounting Department in the Ministry of Finance, and the cadre. Advanced in the Ministry of Finance and Planning.

[yota691]

Parliament gives the Central Bank one week to answer the questions of the Finance Committee

 

- 09-10-2022 03:17 PM - Number of readings: 2940

Today, Sunday, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, gave the Central Bank one week to answer the questions of the Finance Committee, while stressing the need to take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.

Al-Mandalawi said in a statement issued on the sidelines of his presidency, an expanded meeting of the Finance Committee, in the presence of the Governor of the Central Bank, Mustafa Ghaleb, and it was reported to "Dijla", that "the Central Bank is directly responsible for implementing the country's banking policies, and it is concerned with developing the work of banks and monitoring their work with the aim of protecting citizens' deposits." And keeping pace with the global development in this important sector on which the state depends to develop the rest of the sectors such as industry, agriculture, investment, tourism and others,” stressing “the bank must take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.”

He added, "The Central Bank has a period of one week to answer clearly the questions submitted by the members of the Finance Committee, and to provide the Committee with all documents related to the file of letters of guarantee and the currency sale window."

During the meeting, a number of questions were raised by the members of the Finance Committee related to the currency sale window of the Central Bank, the industrial and housing initiative loans, the Central Bank’s policies regarding increasing the capital of commercial, Islamic and private banks, custodial banks, letters of guarantee, and the bank’s supervisory role over banks, and to come up with a number of recommendations. And it was agreed to hold another meeting soon to answer the questions raised and to provide a full briefing on all topics and details.

[yota691]

 

Governor of the Central Bank in Parliament to answer the currency of "20,000 dinars"

 

 2022-10-09 03:36

 

Shafaq News/ On Sunday, the Parliamentary Finance Committee will discuss with the Governor of the Central Bank the currency auction and the issuance of a new Iraqi currency.

A member of the Parliamentary Finance Committee, Nermin Maarouf, told Shafak News Agency; Today, the Parliamentary Finance Committee will host the Governor of the Central Bank to discuss a number of important topics and issues, most notably the currency auction, the sale window, currency printing, the working mechanism of the participating banks, and other topics and issues within the tasks of the Central Bank.

Maarouf added; "During the hosting, we will direct a number of questions to the governor, the most prominent of which are the feasibility, justifications and reasons for taking a decision by the Central Bank to print and issue a new category (20 thousand dinars) and how much money will be issued from the new category and the mechanism for putting such a currency in the market."

On Tuesday (27 September last), the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhaif, revealed that there is an intention to issue a 20 thousand dinars banknote. 

[horsesoldier]

Reluctance....good grief that single word aptly describes EVERYTHING for the last 20 years. Failure to Launch.

[yota691]

POSTED ON 2022-10-13 BY SOTALIRAQ

Despite the insistence of the Central..A deputy talks about the possibility of changing the dollar exchange rate

The representative of Ishraqa Kanon, Basem Al-Gharabi, spoke on Wednesday about the possibility of changing the exchange rate of the dollar in Iraq.

Al-Ghurabi said in a statement that "the dollar's exchange rate in its current condition promises that the treasury of the Sultan will be full and the stomachs of the subjects will be hungry."

And he indicated that "in an intervention during the expanded meeting held by the Finance Committee and in the presence of the Governor of the Central Bank, he prepared a full study in cooperation with solid Iraqi universities and specialized professors, in which he proved the possibility of changing the exchange rate to suit the market situation and the condition of the poor citizen in conjunction with the current economic growth."

And earlier today, Wednesday, the Central Bank denied the existence of any efforts to change the exchange rate of the dollar, and that any possibility to change it now will cause the destruction of the Iraqi economy.

[rvmydinar]

22 hours ago, yota691 said:Despite the insistence of the Central..A deputy talks about the possibility of changing the dollar exchange rate

 

No more talk talk talk and finally BS again.  just do it for the sake of iraqi people.

[yota691]

“The biggest deal for Iraq” .. (Baghdad today) publishes documents for the purchase of 30 tons of gold in international banks

 

 

1,650 Economie 10/17/2022 11:28

Baghdad today -

Baghdad The First Deputy Chairman of the Parliamentary Integrity Committee, Alia Nassif, asked the Governor of the Central Bank, Mustafa Ghaleb Makheeb, about the bank's purchase of 30 tons of gold.

 

According to the documents issued on August 29 last, obtained by (Baghdad Today), Nassif said, "We received information that the bank bought more than (30 ) tons of gold, which is the largest deal in the purchase of the Central Bank. Please answer the questions."

 

Nassif added in her question: “Who is the source of the sale, a government bank, a private mine, a property, and has the gold been examined in internationally recognized refineries, and who is the authority in charge of purchasing, and what is the purchase price and is there a discount on the price of the stock exchange in force now? %".

 

She also demanded, "By knowing whether the gold was transferred to the central bank's vaults or remained in the custody of the seller, we have great fears in light of the chaos that is happening in Iraq." 

 

On the other hand, the central governor replied, according to the documents, that "the source of selling gold is the international stock exchanges, and all the gold purchased from the global markets are within the specifications (London Good Delivery) , and with the highest purity available in the market is 999.9."

 

Regarding the party in charge of purchasing, the governor replied that it is "the French Central Bank and JP-MORGAN Bank ." As for the purchase price, and is there a discount on the stock price in force now, the discount is 6%, Makheeb explained, “The process of buying gold from global markets is not done all at once in such quantities, as it is divided into small quantities and over multiple days to ensure that it does not affect the price of gold.” The price of gold, despite this, a rise in the price occurs at or after the demand for purchase quantities.

 

The Governor of the Central Bank of Iraq indicated, “For this process, it included (19) batches and over a period of (13) working days according to the best prices,” noting that “all quantities of gold purchased in safes under the name of the Central Bank of Iraq in the international central banks after Two or three working days after the purchase .

 

In his answer to MP Alia Nassif’s questions, the governor indicated that “Iraq has advanced in gold reserves holdings 10 ranks globally, ahead of (9 countries, including 7 foreign countries and 2 Arab countries, as well as the Bank for International Settlements), so that Iraq ranks 30th after that. He was ranked 40."

[screwball]

On 10/10/2022 at 1:22 AM, yota691 said:

the bank must take more effective precautionary measures to address the inflation caused by the devaluation of the dinar against the dollar.”

Onky way to fix is to change the rate…..as PM said no money to pay wages 

[screwball]

On 10/14/2022 at 12:37 AM, yota691 said:

the Central Bank denied the existence of any efforts to change the exchange rate of the dollar, and that any possibility to change it now will cause the destruction of the Iraqi economy.

To not change the rate will cause the destruction! The rate must chnaGe it’s just a matter of when 

[screwball]

10 hours ago, yota691 said:

In his answer to MP Alia Nassif’s questions, the governor indicated that “Iraq has advanced in gold reserves holdings 10 ranks globally

Jeez do you think they bought gold to back their currency