The British Ambassador: Iraq will witness a great openness to the world

Baghdad / Obelisk: The British Ambassador to Iraq, Stephen Hickey, said Saturday, March 6, 2021, that Iraq will witness a great openness to the world.

Hickey said in a press statement, that he is “very happy with the visit of Pope Francis, to Iraq,” noting that “this visit represents an important symbol of peaceful and pluralistic coexistence in Iraq.”

He added, “The whole world is now focusing on Iraq, because the Pope is an important symbol for the whole world,” noting that “we will witness the opening of Iraq to the world in a big way.”

Almasalah.com

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Member of Parliament: Parliamentary signatures submitted to restore the dollar’s ​​exchange rate

Baghdad today – Member of the Parliamentary Finance Committee, Jamal Cougar, confirmed today, Sunday (07 March 2021), that the political movement is still continuing within the House of Representatives, with the presence of parliamentary signatures submitted to the Parliament in order to restore the exchange rate of the dollar against the dinar or reduce the current price.

Cougar said in an interview with (Baghdad Today), “The political movement in this regard is still going on, even there are requests that have been submitted with the signatures of a large number of members of Parliament to the Parliament for the exchange rate of the dollar.”

He added, “Those signatures remained unchanged, because the Finance Committee and Parliament do not have any authority to amend or return the exchange rate of the dollar,” stressing that “this matter is exclusively within the authority of the Central Bank.”

“It is difficult for the government to go in this direction, because changing the exchange rate or returning it to its previous price needs to be reformulated again,” he said.

Last Thursday, the representative of the Saeron Alliance, Riyad Al-Masoudi, confirmed that the Finance Committee in Parliament said that adjusting the exchange rate of the dollar must be done through a request submitted by Parliament to the Iraqi government .

Al-Masoudi said, in an interview with (Baghdad Today), that “the monetary policy, fiscal policy and economic policy are set by the Iraqi government in accordance with the Iraqi constitution,” indicating that “the invitation of the First Deputy Speaker of Parliament, Hassan Al-Kaabi, for a parliamentary stand in order to reduce the exchange rate of the dollar, came after an intervention To MP Anaam Al-Khuzaie, it came within this context, and the session was not devoted to discussing the budget or the exchange rate of the dollar.

And that “Al-Kaabi stressed the need for the political forces to meet, on the issue of reviewing the exchange rate of the dollar, and this claim cannot be made individually from a deputy or a concerned bloc.”

He added that “there must be a request from the Iraqi Parliament, through the Finance Committee of the Iraqi government, to reconsider the issue of the dollar exchange rate, especially since the Finance Committee has representation from all political forces.” The dollar exchange will submit the request. ”

First Deputy Speaker of Parliament, Hassan Al Kaabi, called for a representative pause to return to the previous dollar exchange rate .

Al-Kaabi said, according to an official statement during a session on Wednesday, that “the increase in the exchange rate of the dollar has a negative impact on the Iraqi citizen’s life, and for economic stability in general .

He added, “There is a need for a serious and urgent pause for all members of the House of Representatives and the Parliamentary Finance Committee to return to the previous exchange rate .”

In response to the parliamentary calls to amend the exchange rate, Finance Minister Ali Allawi said in a press interview that “the dollar exchange rate is a governmental decision that cannot be changed daily as desired,” indicating that “the markets have accepted the current exchange rate and will give incentives over the coming years to the private sector and strengthen the reserves. His expression .

The increase in the exchange rate caused an increase in the prices of imported goods, while members of the Parliamentary Finance Committee confirmed that raising it to 1,450 dinars against the dollar had harmed citizens twice, first because it reduced the value of their salaries and also because it raised the prices of goods in the market .

Baghdadtoday.news

Representative economic: the conditions are ready to adjust the exchange rate and the oil barrel in the budget

Baghdad Today – A member of the Parliamentary Economic and Investment Committee, Mazen Al-Faili, confirmed today, Friday, that the conditions are ready to adjust the exchange rate of the dollar against the Iraqi dinar, as well as the price of a barrel of oil in the draft Federal Budget Law for 2021 .

In an interview with (Baghdad Today), Al-Faily said, “The conditions are in place to restore or reduce the exchange rate of the dollar against the Iraqi dinar in the draft budget, but it is difficult to achieve this in light of the completion of the draft formulation, discussion and study in the Parliamentary Finance Committee, therefore we need to reformulate The project and this is not possible. ”

He added that “there is a tendency to raise the price of a barrel of oil in the draft budget law, in view of the high prices in the global markets,” stressing that “the current price contributed to the availability of large financial revenues for the state.”

The First Deputy Speaker of Parliament, Hassan Al-Kaabi, had called on the Ministry of Finance to amend the exchange rate of the dollar, because citizens were affected by the current price.

Baghdadtoday.news

Parliament votes on 18 articles of the Federal Court bill

On Thursday, the House of Representatives voted on 18 articles of the Federal Court bill.
A parliamentary source said in an interview with Alsumaria News, “The House of Representatives voted by a two-thirds majority on 18 articles out of 24 articles in the draft Federal Supreme Court bill.”

The source added that “the House of Representatives voted by a two-thirds majority on the (compelling reasons) of the draft law of the Federal Supreme Court.”

Alsumaria.tv

Iraq tackles Corruption in Currency Auctions

The Iraqi Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi.

Addressing the meeting, the Prime Minister said the reserves of the Central Bank of Iraq (CBI) have increased by $4 billion, adding that the government has been able to tackle what it describes as “the corruption at the notorious foreign currency auction”.

The Prime Minister directed all ministers not to repeat the mistakes of previous governments, and not to let bureaucratic practices impede the implementation of strategic decisions.

(Source: Govt of Iraq)

Iraq-businessnews.com

Parliamentary law ends discussion of the Federal Court law

Baghdad today: The Media Department of the House of Representatives announced Thursday, the completion of the discussion of the Federal Court Law, which is scheduled to vote on in today’s session.

The department said in a statement received (Baghdad today), “The Legal Committee held a meeting headed by Deputy Rebwar Hadi, Chairman of the Committee, and the attendance of its members to discuss the draft law of the Federal Court.”

She added, “At the beginning of the meeting, the head of the Legal Committee stressed the necessity of resolving discussions on the draft law so that it could be included on the agenda of the House of Representatives session to vote on it.”

The statement continued, “The committee has finished reading and discussing the articles and clauses of the Federal Court bill,” indicating that “regarding the controversial articles, the committee decided to present it to the House of Representatives so that it would have the final word on it.”

Baghdadtoday.news

Al-Halbousi: Present the budget to a vote soon, and we are proceeding with the legislation of the oil and gas law

(Baghdad: Al Furat News) The Speaker of Parliament, Muhammad Al-Halbousi, confirmed, on Thursday, the parliament’s keenness to proceed with the laws that were suspended in previous sessions, most notably the Federal Supreme Court Law, which was suspended throughout previous sessions.

In a statement, Al-Furat News Agency received a copy of it today, Al-Halbousi said, “There is insistence from members of the House of Representatives to proceed with legislative measures to complete the Federal Supreme Court Law.” Being sensitive and related to the composition of the court and the decision-making mechanism.

He indicated that “successive meetings will be held with the heads of political forces and the legal committee, and these meetings will be chaired by the presidency of the Council, to reach common points.”

He pointed out that “next Monday has been set as the date for voting on the rest of the articles of this law,” stressing that “the draft budget law will be within the coming days within the council’s agenda to vote on it.”

He stressed that “there are a number of stalled laws that the council will proceed to legislate, such as the oil and gas law, which is one of the laws stipulated in the constitution, which will address the mechanism of dealing between Baghdad and Erbil and between Baghdad and the rest of the oil-producing provinces, and the law will be one of the council’s next priorities.

Alforatnews.com

Al-Kazemi: The infamous coin auction is in the past

Prime Minister Mustafa Al-Kazemi, during his presidency, yesterday, Tuesday, in a regular session of the Council of Ministers, confirmed that there are attempts to obstruct the work of the government in light of the many challenges facing the country, indicating that the government has succeeded in preventing the collapse of the country economically and financially, and it took an important reform step represented by the White Paper This contributed to the continuation of regular payment of salaries, after there were those who were betting on the collapse of the situation.

Al-Kazemi explained that the Central Bank’s reserves have grown and increased by four billion dollars, after accusations by the government that it will bankrupt the reserve, stressing that the government has been able to reduce the corruption of the notorious currency auction, and it has become a thing of the past.

The ministers directed all the ministers not to repeat the mistakes of previous governments in dealing with strategic files, and not to deal with bureaucracy with these important files, stressing the importance of diagnosing challenges and not giving in to them, and working to overcome obstacles and move forward in the stages of completion.

The Prime Minister called on the ministries of health, finance and planning to work towards ending the file of hospitals that have been lagging since 2009 and before, directing that dealing with the purchase of vaccines be directly with countries and manufacturers, and absolutely preventing dealing with intermediary companies.

On foreign affairs, he stressed that Iraq has succeeded in returning to its important role externally, and that there is great confidence in it now, for the important roles it played in the field of appeasement and dialogue.

Alsabaah.iq

Expectations of a decline in exchange rates as a “fait accompli.”

Yes Iraq: Baghdad… It seems that the dollar prices in the Iraqi market have begun to sing away from the central bank’s pricing, and have already begun to decline with the mounting calls to return the old pricing, following the rise in oil prices and the trend towards lack of financial deficit, which negates the need for the continuation of the new dollar pricing.

And the exchange rates of the dollar against the dinar began during the past few days in the Iraqi markets, which fall within the circle of 145 thousand, as the selling prices for today, Monday, 145.750 dinars per hundred dollars, compared to 144750 for purchase.

For his part, the expert in economic affairs, Raad Twig, suggested that the dollar exchange rate against the dinar would decrease as a result of the revival of the local market and the rise in oil prices.

Twig said in a press statement, that the average price of the dollar recorded a decrease from 1460 dollars, which is the official price of the Central Bank of Iraq, 1447.5 dinars for purchase and 1457.5 for sale, as a result of the recovery of sales of the Central Bank through the currency window last Thursday, to 155.984 million dollars at the official price.

He pointed out that “this move in the cash demand comes after it was met by stagnation in the Central Bank of Iraq’s dollar sales since the Iraqi dinar price was reduced as a result of the presence of excessive real domestic demand for imported goods for fear of extending urban periods as a result of the epidemic, as well as the merchants’ reliance on contentment with a steadfast decision. The Central Bank reduced the exchange rate of the Iraqi dinar and the Ministry of Finance pledged to compensate traders and contractors for their losses due to the decrease in the price of the dinar.

He explained that the decisive matter in the decrease in the price of the dinar is the increase in the reserves of the Central Bank of Iraq from 15 billion dollars to 55 billion dollars as a result of the increase in oil prices to 67 dollars per barrel and the decrease in the domestic demand for the dollar. No increase in oil prices and the arrival of vaccines in Iraq.

The economist expected more oil gains, which amount to 20% per month, and that the sale of oil would reach $ 70 a barrel.

For his part, the specialist in economic affairs, Dergham Muhammad Ali, stressed that the recovery of oil prices and the injection of the Corona vaccine around the world will increase economic recovery and reduce the need to change the exchange rate.

Muhammad Ali said that “the pretexts for reducing the exchange rate of the dinar and its wages on the Iraqi market from the burdens of inflation, stagnation and an increase in poverty rates were negated by the recovery of oil prices, which creates growth in budget revenues.”

He added, “The costs of eliminating the effects of the change in the exchange rate are severe and ineffective and do not effectively target the most affected groups, noting that” the closure caused by the second wave of Corona virus has exacerbated the already deteriorating economic situation from the government’s unmetered economic behaviors that affected the lower income groups.

Yesiraq.com