Al-Kazemi has the authority to restrict the work of the currency auction and to hold accountable the negligent

Member of Parliament Finance: Al-Kazemi has the authority to restrict the work of the currency auction and to hold accountable the negligent

Baghdad today – Member of the Parliamentary Finance Committee, Abd al-Hadi al-Saadawi, revealed that there are suspicions of corruption hovering around the work of the foreign currency auction.

Al-Saadawi said in an interview singled out (Baghdad today), that “there are money sold in the currency auction without supervision and allow large corruption operations, therefore it is possible that the Prime Minister, Mustafa Al-Kazemi, according to his powers, monitors the window of currency sales and holds accountable those who fail.”

He added that “Al-Kazemi does not have the powers to cancel the auction of selling the currency, as it is a window to the central bank in order to obtain the local currency and also import the goods.”

He stressed that “the Prime Minister also has the power to restrict the work of the auction and does not have the right to cancel it.”

The member of the Parliamentary Finance Committee, MP Majida Al-Tamimi, said on Monday (1 June 2020) that her research in the Iraqi currency auction led her to shocking results, which were the arrival of money from the auction to terrorist groups, as well as another part of it going to Iraqi political parties.

During her talk about the program (shortest paths) presented by the media, Dr. Nabil Jassem on Al Sharqia News screen, Al-Tamimi studied: “I discovered that the currency auction goes to four parties, some of the central bank employees, the other quarter to the parties and the other quarter to the merchants.”
She added, “As for the last quarter, it goes to the financing of terrorism,” noting that “the financing of terrorism was through a currency auction.”

Iraqi observers and officials estimate the value of what was sold of the dollar in the currency auction during the past fifteen years at more than 300 billion dollars.

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The President of the Republic affirms the necessity of cooperation between the supervisory bodies to uncover financial violations in a transparent and neutral manner

Baghdad today – President of the Republic Barham Saleh affirmed the necessity of cooperation between the supervisory agencies to uncover financial violations in a transparent and neutral manner.

The media office of the President of the Republic said in a statement received (Baghdad today), that “Saleh received at the Peace Palace in Baghdad, today, Monday, the head of the Federal Financial Supervision Bureau, Rafel Yassin Khudair.”

The statement added that “the President of the Republic stressed the need to preserve public money, reduce its waste, and uncover corruption cases in all state institutions.”
Saleh stressed “the importance of cooperation and joint work between the regulatory agencies and the state departments to uncover financial violations transparently and impartially,” noting that “fighting corruption is no less important than fighting terrorism as they are two sides of the same coin.”

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Parliamentarians and professionals propose solutions to overcome the financial crisis

Baghdad / Although there is no government proposal to reduce the salaries and allocations of employees and retirees, a number of deputies and specialists have confirmed that this step, if implemented, will pose a threat to the stable situation of the government at the present time, especially as it has immediate options during which the salaries of employees for the months of June and July can be secured,

Among these options are:

(1) internal borrowing, as well as controlling revenue from border crossings, and calling on telecom companies, as well as the Kurdistan region, for their debts.

The decision of the Parliamentary Finance Committee, Dr. Ahmed Al-Saffar asserted in an exclusive interview with Al-Sabah: that “prejudice to the employees’ salaries in light of the circumstances that Iraq is going through today in the face of Corona and the economic recession is very dangerous to government stability, especially since this crisis will not exceed more than two months, Oil prices are on the rise and the global economy is beginning to regain its vitality again. “He added,” Borrowing from the central bank’s reserves for two months of quick solutions that can be compensated and returned easily and at low interest being short-term “, pointing out that”

(2) internal borrowing is better than external borrowing, which depends On very large terms and benefits, the government may be exhausted at a later date. ”

Al-Saffar notes:

(3) “the government should exclude unnecessary expenditures related to large allocations and other matters related to petty cash and protections, which also constitute a waste of public money,” noting that “the state has from 20 to 30 items of revenue that do not enter the budget due to corruption starting with border crossings and customs And the state’s real estate,

(4) so the financial system must be re-established, move away from monetary policies, deal with cache, and rely on the electronic automation of payment, in addition to resorting to the biometer until the state gets rid of the burden of multiple salaries, and we need to review salaries and put a new ladder for them.

In order that the state would not be exposed to more crises, Al-Saffar stressed

(5) “the restructuring of the financial system for public revenues, as well as the disposal of the rentier system that relies on unstable oil revenues and dependence on diversification of resources such as agriculture, industry and tourism, and that Iraq is an importer.”

Real-time proposals

In the absence of acceptance by the legislature of prejudice to the salaries of employees; Member of the Parliamentary Investment and Economic Committee, Dr. Nada Shaker Jawdat,

(6) proposes to monitor and prevent the currency auction in the Central Bank, which the MP counted during her talk to Al-Sabah as a “smuggling of hard currency outside Iraq, as well as reducing the salaries of the three presidencies to overcome the crisis.”

Jawdat calls the Prime Minister, “to immediately freeze the Rafha law, to issue a law to that effect, and to transfer money to the employees sector to confront the crisis instead of deducting their salaries that are a right of their rights,

(7) to adopt the electronic system of border ports and ports, whose resources are estimated at the amount of oil revenues that can feed salaries instead of Borrowing, because Iraq does not need a heavy financial and political burden for it to borrow. ”

Real risks

And economist Dr. Faleh Al-Zubaidi said in an exclusive interview with Al-Sabah: “There are many border outlets that are not affiliated with the state and that most of its resources go into the pockets of the corrupt.”

(7) He stresses that, according to specialists, Iraq imports $ 40 billion annually that the state can impose on it. Taxes and customs duties and provide revenues, even if they are at 10 percent. Al-Zubaidi states, “The state at this time must be firm in recovering debts from communication companies (Asia, Zain and Korek), especially since there is favoritism and a delay in paying the debts, just as the state must ask the Kurdistan region for debts that have not been recovered from it, especially since the region’s sales For oil exceeds 700 thousand, and the share of Iraq is 250 thousand. ”

Al-Zubaidi asserts that

(8) “Iraq is already going through a financial hardship as a result of the decline in oil revenues, so the state can seek the assistance of the foreign reserves of the Iraqi Central Bank, but it has a great risk, especially as the central bank uses these reserves to control the exchange rate of the dollar against the Iraqi dinar, and lack of control will increase From inflation rates and high prices,

(9) as there is another way through issuing a new cash, i.e. currency printing,
which the government can resort to, except that it has risks and also leads to inflation and affects significantly the owners of fixed and limited income, so it also constitutes a risk,

(9) except that the effects of borrowing The interior is
less dangerous than foreign borrowing, such as borrowing from the World Bank fund or from countries that will curtail the Iraqi economy because of the conditions that follow the political position on which the donor country depends. He added,

(10) The borrowing money from foreign countries must go to investment, not for consumption, so that we can pay those sums from investment projects, but that these funds go to consumer sectors, Iraq will remain reimbursed from the oil revenue sold instead of using it to benefit the country.”

Law and withholding

(11) From a legal point of view, the legal expert, Tariq Harb, confirmed in a special statement to Al-Sabah that “the salaries law has been in effect since 2008 and it cannot be deducted except by issuing a law. In disposing. Noting that “deduction of salaries does not constitute one-fifth of the allocations that the general directors of the Council of Ministers and others take, so we demand the deduction or reduction of those allocations for justice.”

Alsabaah.iq

Al-Tamini proposes a mechanism to amend the salary scale and warns: Money from the currency auction goes to finance terrorism

Baghdad today – Member of Parliamentary Finance Committee, MP Magda Al-Tamimi, spoke about a deficit of billions of dollars in the state budget rising every year since 2003, while revealing the proposal of “the Iraq Salvation Committee”.

Al-Tamimi said, during her talk about the program (shortest roads) presented by the media, Dr. Nabil Jassem, on Al Sharqiya News Channel: “We spent from 2003 to the end of 2019 a trillion (15 zero), 226 trillion and 631 billion dollars,” noting that “the oil and non-oil income reached a trillion And 24 billion dinars. ”

He added: “From the beginning of 2003 to the end of 2019 there is a deficit of approximately $ 70 billion.”

She explained: “We suffer from emotional and confusion and lack of planning in drawing and spending state budgets.”

And she added: “I spoke to President of the Republic Barham Salih that we need a committee called the Iraq Salvation Committee, which consists of a small team from the executive and legislative branches, and those who live inside the country work according to two tracks, the first is urgent and the second is medium and long-term.”

And she continued: “This committee must reconsider the salary scale, because there is a disparity in salaries between a ministry and a ministry, there must be justice in which salaries are equal between all and this proposed mechanism has been put forward in practice.”

And after 2003, laws were enacted on emotional backgrounds that created allocations that allowed dual salaries to exist, she added, adding: “It is impossible to imagine an employee with two or three salaries, and an employee and citizen who cannot find what he eats.”

She went on to say, “The graduates are thinking of the appointment and that behind him retired because of the lack of support from the private sector,” adding that “Iraq is able to overcome the crisis according to my vision three months by restoring the economic situation.”

And she saw that “the financial situation is bad in the country, but the solution is easy with the will and the decision-maker needs boldness and strength in applying the law, and a lot of decisions and reform laws were initiated and not implemented.”

He pointed out that “the doors of appointments recently opened without planning”, warning that “there is no database in some ministries, showing the number of those who were referred for retirement, for example the Ministry of Education does not have and 13,000 new employees were appointed without knowing the size of the number of those who left.”

And she added: “There is no accuracy indicating the number of people referred for retirement, there is a discrepancy between the numbers installed on paper and what is mathematically proven, there is no computing.”

She talked about “forgery that occurred in some appointment orders issued by the previous government,” noting that “we have a lot of money but it is not collected or received less money according to the law, we have a lot of money that must be collected and go to the state but it does not reach the treasury.”

She pointed out that “there is an agreement with the electricity distribution centers for some malls, and 50 thousand instead of one million dinars are received, for example, and this includes commercial shops as well.”

And he talked about the auction of selling currency in Iraq, and the currency auction said that his money goes to 4 destinations that are employees of the central bank, parties, merchants, terrorism and financing of terrorism was through the currency auction.

Baghdadtoday.news

Parliament Rapporteur for Al-Mirbad: Al-Kazemi has completed his booth

House of Representatives Speaker Khadija Ali revealed that Prime Minister Mustafa Al-Kazemi has completed his cabinet, and as a result, the next few days may witness a session to vote on the remaining ministries, but the cabinet has not yet been officially presented to Parliament.

“It may be in the next few days because Prime Minister Mustafa Al-Kazemi has completed the cabinet and intends to present it, but he has not presented it officially yet, when it is presented he will fix the date of the session,” Ali said in a special statement to Al-Mirbad (about the date of a session to pass the rest of the cabinet). “The majority of the deputies are on standby and are trying to hold the session because the parliament’s role has become stalled as a result of the Corona epidemic, while the country needs the legislative role and what is related to the health and financial crisis.”

Ali said (regarding the ban) that it was hoped to ease the procedures of the ban after the decline in the number of casualties, but “the wind is running in a way that the ships do not desire.”

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Legal expert clarifies the validity of Saleh and Al-Kazemi to dissolve Parliament

{Baghdad: Al Furat News} The legal expert, Tariq Harb, clarified the authority of the President of the Republic, Barham Salih, and Prime Minister Mustafa Al-Kazemi to dissolve the parliament in accordance with the constitution.

“The Prime Minister’s visit to the President of the Republic today was to dissolve the House of Representatives? According to their joint authority without the need for approval from another party, since 64 / First of the constitution decided that there are two ways to dissolve the House of Representatives before completing its electoral cycle, that is, before completing the four years,” Harb said in a statement. .

And “the first parliamentary path when the parliament dissolves itself at the request of one-third of its members, that is, a request from 110 deputies followed by a vote by a majority of members, i.e. a vote and approval by 165 deputies to dissolve the parliament, and this is far because the deputies do not want to leave this characteristic and the privileges resulting from it.”

Harb pointed out that “the other way that the constitution decided to dissolve the House of Representatives is the executive method requested by the Prime Minister and the approval of the President of the Republic without the need for any approval from any other party, which means the Presidents of the Republic and the ministers to dissolve Parliament even if Parliament rejects the solution and this is clear from the letter {or} It is stated in Article 64 of the Constitution that states: “The House of Representatives is dissolved by an absolute majority of its members at the request of one third of its members {or} and this benefits the allowance and option – or a request from the Prime Minister and with the approval of the President of the Republic.”

He continued, “What is mentioned after {or} is the executive way to dissolve parliament when the Prime Minister and President of the Republic agree to dissolve the House of Representatives, and contrary to the parliamentary regulations that granted the Prime Minister to dissolve Parliament without the need for any other approval as the head of state as in Britain, Germany, Italy, India and South Africa, these countries It gave the prime minister the dissolution of Parliament without the need for the approval of another party. ”

“Did Al-Kazemi agree with Saleh to dissolve parliament now or after a period of known reasons, but what we know is that there is a constitutional authority set for them to dissolve the parliament without the need for approval from any other party,” he asked.

The President of the Republic, Barham Saleh, had received, Thursday, at the Peace Palace in Baghdad, Prime Minister Mustafa Al-Kazemi, and they confirmed, according to a presidential statement, “the need to expedite the completion of the ministerial cabinet by nominating efficient and impartial personalities, and support the government in implementing its program voted by the parliament by preparing for early elections.” , And to meet the legitimate demands of Iraqis to achieve the desired reform. ”

Ammar Al-Masoudi finished

Alforatnews.com

Iraq can now wrest it’s sovereignty from Iran

Al-Kazemi asserting the necessity of controlling arms: no party or force can remain outside the framework of the state

Baghdad today – The Prime Minister, Commander-in-Chief of the Armed Forces, Mustafa al-Kazimi, confirmed on Thursday (28 May 2020) that no party or force has the right to be outside the framework of the state.

The media office of the Prime Minister stated, in a statement, that the latter “was informed during the visit, of the latest developments of the ongoing operations and the ongoing cleansing activities against ISIS operatives.”

He indicated during his meeting with a number of military and security officials, that “developing and reforming security institutions is one of the priorities of the ministerial curriculum, which provides for enhancing the performance of the various security services and achieving the required complementarity between them, and working on the principle that all military and security forces serve the people, their aspirations, unity, security, and protection of their capabilities.”

He stressed, “No party or force has the right to be outside the framework of the state, confirming the continuation of military operations and the securing of borders.”

Al-Kazimi indicated “the importance of coordination between our security forces of all kinds, which will positively reflect on military and security operations and the pursuit of terrorist cells.”

Before that, the Prime Minister, Commander-in-Chief of the Armed Forces visited Thursday the headquarters of joint operations to learn about developments in military operations and to pursue ISIS militants.

The media office of the Prime Minister stated, in a statement, that the latter “was informed during his visit to the headquarters of the Joint Operations Command about the latest developments in military operations to pursue the remnants of the ISIS terrorist gangs, to enhance security and stability.”

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What does it mean to reduce the Iraqi dinar price against the dollar? .. An economist answers

Baghdad – people: On Thursday, economist and academic expert Nabil Al-Marsoumi expected a set of results if the proposal to reduce the price of the Iraqi dinar against the dollar was applied to counter the financial crisis.

“If the Iraqi dinar exchange rate is reduced substantially by 25%, for example, the economies of some of the countries neighboring Iraq that export to it more than 20 billion dollars will be severely damaged,” said Al-Marsoumi, an academic at the University of Basra. Annually, because the cost of its exports to Iraq will become high and its competitive capabilities in the Iraqi market will decrease, which is an important brake on taking this type of policy due to the strong influence that neighboring countries possess in Iraq.

He added, “Given the lack of flexibility of the production base and its limitations in Iraq, the prices of imported goods will rise in the short term, especially, but in the medium and long term this may constitute an incentive to activate the role of the private sector in establishing projects producing consumer goods, especially food, to cover the needs of the Iraqi market, which will lead to lower prices. Later”.

He continued, “The government revenues denominated in the Iraqi dinar will increase by the same percentage of the dinar price, which will increase its ability to cover public expenditures and maintain the cash reserves of the Iraqi Central Bank from erosion.”

He pointed to another point which is that “putting an end to the flight of capital in view of the low value of the dollar in the face of the dinar, as well as reducing Iraqi investments abroad, especially in real estate and reducing Iraqi deposits in foreign banks, as well as the relative reduction of money laundering operations in Iraq.”

In this regard, the decree expected that “reducing foreign labor in Iraq, as work becomes less feasible on the one hand, and foreign labor becomes more expensive compared to national employment.”

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An economist defines 3 controls for printing new quantities of the national currency and warns of the harm of a group of society

Baghdad today _ Baghdad : The economist, Rasim al-Akidi, spoke today, Monday, of the 3 most important regulations that must be observed when printing the national currency, in order to prevent the high prices in the country and the poor segments.

Al-Akidi said, in an interview with (Baghdad Today), that

(1) “any process of printing the Iraqi local currency must take into account 3 important factors, which are the monetary mass (the amount of money that is printed) the volume of the deal (that is, after the currency is printed how much will be its size in the markets Shops, homes, banks) and trading volume (i.e., the number of activities that deal in the national currency, and how many activities that deal in hard currencies, including the dollar).

Al-Akidi added,

(2) “Any process of printing the national currency must be printed according to the economic cycle of the country, i.e. the sum of all commercial activities and practices that take place and on the basis of which the volume of monetary transactions will be.”

(3) The economic expert pointed out that “when Iraq printed 40 trillion dinars and then reached 56 trillion in the past years, that was according to the economic cycle of the country,” noting that “any increase in printing is more than the need of the economic cycle will create more monetary mass than the market needs What leads to the creation of inflation that pushes up prices and affects the purchasing power of many segments, especially the simple and the low-income. ”

(4) A well-informed source at the Ministry of Finance, on Wednesday (May 13, 2020), denied that there was any resort to the option of printing the currency to face the economic crisis.

He said in an interview with (Baghdad today), that

(5) “the option of printing the currency to provide salaries is excluded and not presented to the meetings of officials at the present time.”

Economists offer the option of printing controlled amounts of the currency or reducing the value of the dinar against the dollar to provide additional resources that will flow into the state treasury to secure the operational budget, including the salaries of employees.

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