An economist explains how to control the currency sale auction

An economist explains how to control the currency sale auction

The Information/Baghdad… The economic expert, Abdul Salam Hassan, explained that the currency sale auction can be controlled through the government’s move towards equalizing the value of the dinar with the dollar or making it close to the dinar, pointing to the difficulty of stopping this auction, especially with the presence of dominant parties on the scene.

Hassan told Al-Maalouma, “The currency auction cannot be stopped, and there is no law preventing its work, as it is supported by the World Bank, despite corruption and the parties’ control over it to achieve personal benefits.”

He added that “most countries work with currency auctions or the so-called economic colonialism, and countries take it for financial investment and a window to extract the currency, but the work of this auction in Iraq cannot be legalized or stopped under the pretext of continuing import, and this matter needs more currency.”

And he indicated that “the increase in the amounts of currency sale came as a result of the increase in the exchange rate of the dollar against the dinar, as it achieves greater benefit through the currency sale auction, and the government can control this matter and reduce the amounts sold in the auction by making the value of the dollar close to the dinar and thus the two values ​​are equal or may The difference is very simple.”

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The “second term”… is worried about Al-Sadr and loses the bet of the framework, and Biden “insults” its owner!

The “second term”… is worried about Al-Sadr and loses the bet of the framework, and Biden “insults” its owner!

The Information/Baghdad… From betting on the support of the leader of the Sadrist movement, Muqtada al-Sadr, to trying to split the ranks of the coordination framework, the caretaker prime minister, Mustafa Al-Kazemi, is trying to obtain a glimmer of political hope that will lead to his staying in power as long as possible or renewing his term, but these attempts have become All of them break on the rock of political and popular rejection.

The latest attempts by Al-Kazemi and his media and Facebook team were to try to split the framework and promote the presence of parties within the coordination with the renewal of Al-Kazemi’s mandate, but soon the decisive response came from all its components with a unified “no” to any effort regarding the renewal of Al-Kazemi.

This political response from the largest political and parliamentary bloc coincides with the growing popular rejection and discontent as a result of the Al-Kazemi government’s policies, especially the economic ones, which led to stagnation and depression in the popular markets, harming the poor and middle class, increasing poverty and unemployment rates, and recording a percentage of extreme poverty, which is “famine” by withdrawing the Ministry planning.

And the representative of the framework, Muhammad Al-Shihoud, said in a statement to “The Information” that “whoever promotes to change the framework candidate, Muhammad Shia Al-Sudani, wants to keep the current political impasse open and bring the country into complex problems,” noting that “the framework agreement on his Sudanese candidate took time, so what about the duration? That will be spent in naming an alternative candidate, and this will lead us into a dark tunnel, and this is what the enemies of the political process desire.”

Chihod affirms that “the demands for Al-Kazemi’s survival did not succeed and will not succeed in the presence of the coordination framework as a larger bloc inside the parliament,” noting that “there is no one party from the forces of the coordination framework that has a desire for Al-Kazemi to remain for a second term because assuming the premiership is aware of the country’s going into the abyss.”

Apparently, Al-Kazemi’s last station in attempts to renew and gain support for the second term is the United States of America, which he intended to “under the pretext” of representing Iraq in the meetings of the United Nations General Assembly in New York, but it seems that those endeavors were aborted before they were born.

According to information obtained by the “information”, Al-Kazemi’s team is seeking to arrange a meeting with the outgoing Prime Minister and US President Joe Biden without any response from the latter.

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Iraq invents the mechanisms for selecting the Prime Minister over the phone

Iraq invents the mechanisms for selecting the Prime Minister over the phone… Communication companies are funding the campaign to keep Al-Kazemi

The Information/Baghdad… The mobile phone companies accused of countless corruption deals in Iraq entered the front line to support the caretaker Prime Minister Mustafa Al-Kazemi in obtaining the second term through a media campaign estimated at about 30 million dollars to finance extortion satellite channels to repay him the debt in granting them the licensing round On a platter of gold for free, except for bribes to some officials in his government, with the recognition of the Iraqi judiciary, which rose up to stop the largest corruption deal, according to politicians last year, which was confronted by Muhammad Shiaa al-Sudani.

A member of the Parliamentary Integrity Committee, a leader in the Azm Alliance, Ahmed al-Jubouri, said in a tweet on his Twitter account, “The Information” that “one of the mobile phone companies has contracted with eight well-known satellite channels, contracts starting with one million dollars and ending with six million dollars per year to maintain the caretaker government.”

Al-Jubouri added, “The campaign includes preventing the arrival of Muhammad Shi`a Al-Sudani, as he is the biggest opponent of the corruption of telephone companies in Iraq.
” To find out the fate of the money that was owed and wasted by the government of Mustafa Al-Kazemi.

Al-Bayati added, “As soon as the Sudanese prime minister, the file of telecommunications and corporate corruption is not far from the reform process and the accountability of the corrupt during his rule,” noting that “the campaign led by telecommunications companies aims first to remove any honest person from power at any cost.”

Last year, MP Muhammad Shiaa Al-Sudani launched a judicial war with the communication companies in Iraq and the Iraqi Media Commission, which he accused of concealing decisions requiring these companies to pay about one trillion dinars to the state in taxes.

Al-Sudani said in previous statements, “The Media and Communications Authority found that one of the mobile phone companies did not fulfill its contractual obligations and seized the frequency spectrum and the fourth generation service, which prompted the authority to inform the company of the legal measures against it.”

He considered that “what is happening in the telecommunications sector is a real farce and flagrant collusion by some officials, because silence about an important sector that provides the state with billions of dollars in addition to being an important and fundamental part of citizens’ lives represents deliberate damage to public money and the public interest.”

Al-Kazemi’s government had renewed the mobile phone license for telecommunications companies for a 5-year period ending by 2026, provided that the companies pay 50 percent of the debts incurred by them in favor of the state, so that this decision faced parliamentary objections, calling on telecommunications companies to pay the debts accumulated on them, not to exploit the state’s capabilities, and to stay away from Covering corruption files.

After more than three months of legal arguments in the framework of a complaint against the government regarding this renewal, which was under the supervision of Al-Sudani, the Karkh Court issued a decision rejecting the renewal of mobile phone company licensing contracts.

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Al-Kazemi Assures The Vice President Of The World Bank Group On Creating An Attractive Investment Environment

Al-Kazemi Assures The Vice President Of The World Bank Group On Creating An Attractive Investment Environment

Al-Kazemi Assures The Vice President Of The World Bank Group On Creating An Attractive Investment EnvironmentEarth News / Prime Minister Mustafa Al-Kazemi met yesterday, Thursday, the Vice President of the World Bank Group for the Middle East and North Africa, Farid Belhaj, on the sidelines of participation in the United Nations General Assembly meetings in New York.

During the meeting, according to a statement received by Earth News, “a review of the most important aspects of cooperation between Iraq and the World Bank in the financial and economic fields, and in the field of providing studies, consultations and data, was conducted.”

The meeting touched on “the positive growth in the Iraqi economy, success in facing the challenges caused by global crises, the disruption of supply chains, and the effects of the Corona pandemic.

Al-Kazemi affirmed, according to the statement, “Iraq’s determination to continue the economic reform curriculum, and to lay strong foundations; For sustainable development, creating an attractive investment environment, and emphasizing cooperation with the World Bank in the areas of modernizing the country’s water policy and food security projects.

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Al-Faili: There Is Remarkable Progress In The File Of Naming The President Of The Republic, And The Problem Is Not In The Kurdish House

Al-Faili: There Is Remarkable Progress In The File Of Naming The President Of The Republic, And The Problem Is Not In The Kurdish House

Al-Faili - There Is Remarkable Progress In The File Of Naming The President Of The Republic And The Problem Is Not In The Kurdish HouseEarth News / A member of the Democratic Party, Ali Al-Faili, revealed today, Friday, that there has been remarkable progress in the file of naming the President of the Republic, while stressing that the current political problem is not in the Kurdish House.

Al-Faili told Earth News, “There is remarkable progress in the discussions between the two sides, the Kurdistan Democratic Party and the Patriotic Union of Kurdistan, on the position of President of the Republic and agreement on a name for the position of President of the Republic and the name of the candidate for this position.”

He added, “But they are not in a hurry to nominate the President of the Republic, because the problem is not in the Kurdish house, as some imagine,” noting, “We do not want to be a reason to split the Shiite political house more than what currently exists.”

And Al-Faili said, “If the President of the Republic is named, Parliament sessions will be held and the process will proceed, but we want these sessions to be preceded by the nomination of the President of the Republic by an open political dialogue between the opposing parties to create the appropriate atmosphere for the next government to face these challenges. It is also possible that the delay is somewhat intended to create the appropriate atmosphere “.

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Iran: Iraq will turn into the largest economic market in the region during the next decade

Iran: Iraq will turn into the largest economic market in the region during the next decade

Iran - Iraq will turn into the largest economic market in the region during the next decadeShafaq News / The head of the Iranian-Iraqi Joint Chamber, Yahya Al Ishaq, expected on Friday that Iraq will turn into the largest economic market in the region during the next decade, especially for Iran, stressing that his country seeks to increase the volume of trade exchange with this neighboring country.

The Iranian official attributed, in a statement carried by the semi-official Iranian news agency “Fars” today, the reason for the decline in Iran’s exports to Iraq during the past two months due to the export of gas and electricity to this country, explaining that given the talks that took place between the two countries, this issue should be resolved.

He added that in addition to the decline in the volume of Iranian exports to Iraq, we also witnessed an increase in the export of non-oil goods to this country, and we hope that our exports to Iraq will reach 10 billion dollars by the end of the current Iranian year (ending March 20, 2023).

Al Ishaq considered the Iraqi market to be a strategic market, and he expected that the percentage of exports to this country would rise during the next few months, especially as trade exchanges with Iraq could reach $20 billion within the coming years.

He also said that, during the next 10 years, Iraq will turn into the largest economic market in the region, especially for Iran, and saw that Iraq is not a weak country in economic terms, as it exported 11 billion oil last month only and intends, according to the planning of its program, to obtain 120 billion dollars this year.

The Iranian official added that, given the conditions that prevail in Iraq due to the conditions in which it lived due to the war and other issues, it has become lagging behind in the areas of production, infrastructure, electricity, gas and roads, and believed that compensation for this would provide more opportunities for economic activists in Iran, which has neighborly ties with Iraq, as Iranian economic activists should take advantage of these opportunities in the best possible way.

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Al-Kazemi expects an increase in Iraq’s cash reserve, and it will reach $100 billion

Al-Kazemi expects an increase in Iraq’s cash reserve, and it will reach $100 billion

Al-Kazemi expects an increase in Iraqs cash reserve and it will reach 100 billionShafaq News / The Iraqi Prime Minister, Mustafa Al-Kazemi expected, on Friday, to increase the country’s cash reserve to reach $100 billion.

Al-Kazemi said in an interview with the state media before giving a speech at the General Assembly meeting in New York, that “the white paper succeeded in achieving economic reform.”

And he added, “The cash reserve under our government has reached 68 billion dollars, and it is expected to increase to 100 billion dollars.”

Al-Kazemi stated that Iraq has achieved the largest and fastest economic growth and has become the first in the Middle East and fifth in the world.

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Does the coordination framework disintegrate and the Iraq knot will be dissolved?

Does the coordination framework disintegrate and the Iraq knot will be dissolved?

Does the coordination framework disintegrate and the Iraq knot will be dissolvedIt seems that there are complete convictions among prominent leaders in the coordination framework in Iraq that began to crystallize to find a settlement with the leader of the Sadrist movement, Muqtada al-Sadr, and to avoid the occurrence of an extensive scene of clashes that erupted in the Green Zone at the end of last August between his supporters and elements of the Shiite factions.

Perhaps those convictions came after the failure of the coordination framework to persuade the Kurdish parties and the Alliance of Sovereignty representing the Sunni Arabs to ally with it and set a date for the election session of the President of the Republic due to fears of reactions from the Sadrist movement and its storming of Parliament again, as happened at the end of July (July) and led to the suspension of its work Until now.

International Support

It is clear that the attempts to market the coordination framework candidate, Muhammad Shiaa Al-Sudani for the position of prime minister, as well as to form a framework government, did not seem to have received regional and international support.

Although the framework announced in several statements its insistence on the nomination of Al-Sudani and not to replace him, the reality speaks of initiatives put forward by some leaders of the framework that are not consistent with this position, and it was found that there are differences in views regarding dealing with Al-Sadr and his supporters.

In this context, a clear call came from the former prime minister and leader of the victory coalition Haider al-Abadi for a national constitutional settlement that would prevent Iraq from slipping into a security breakdown if the political crisis in the country continues.

Al-Abadi said in a tweet to him on “Twitter” that “there are those who do not want to solve the crisis because they live on it. The perpetrator has no alternative for the benefit of the country and the citizens, indicating that this matter calls for it and works on it to preserve the people and the country.

Although the office of the head of the Al-Fateh Alliance and the head of the Badr Organization Hadi al-Amiri issues statements about his meetings with Iraqi politicians, the latest of which was with the leader of the Patriotic Union of Kurdistan, Bafel Talabani, it did not address the issue of Sudanese candidacy in any way.

These statements emphasized the need to resolve the political crisis as soon as possible and to find a national consensus to end the political conflict, a position that differs from the positions of prominent leaders in the coordination framework, such as the leader of the State of Law coalition Nuri al-Maliki, the leader of the Wisdom Movement Ammar al-Hakim and Amin “Asa’ib Ahl al-Haq” Qais al-Khazali, who refuse to dissolve Parliament They call for the formation of a government headed by Al-Sudani, even if Al-Sadr does not participate.

The director of the Iraq Center for Strategic Studies, Ghazi Faisal, believes that the initiative of the leader of the victory coalition, Haider al-Abadi, constitutes a rational vision for finding solutions through the constitution and not using the method of challenging others. Serious politics and not sectarian quotas to impose the opinion of a particular bloc on political life in Iraq,” he explained, explaining that there are other leaders within the framework such as Al-Amiri, who plays a role through his meetings with Kurdish leaders represented by the Kurdistan Democratic Party and the Patriotic Union in order to keep the line open with Mr. Muqtada al-Sadr, considering That this matter gives an indication that there is an opportunity to restore relations within the coordination framework or to go into disintegration.

He continued, “The withdrawal of the Sadrist movement from Parliament shows that the coordination framework is no longer the largest bloc in the House of Representatives. Therefore, if we assume the departure of Al-Amiri and Al-Abadi from the framework, it will disintegrate,” noting that there are radical currents within the framework that may differ with the Dawa Party and Asa’ib Ahl al-Haq, and therefore it is on its way to disintegration.”

Political impotence

Faisal pointed out that the failure to open a dialogue with the Kurdistan Democratic Party and sovereignty shows that there is a deficit and an inability to attract the largest bloc to form the government, and that the absence of agreement between the two Kurdish Democratic and Union parties on the position of President of the Republic means that the main obstacle to opening the work of the House of Representatives is still present.

He stressed the existence of a deep disagreement regarding the nomination of Muhammad al-Sudani for the position of prime minister, especially with the Sadrist movement declaring its rejectionist position, pointing out that the government will face a complete rejection, in addition to the Sadrists’ previous demands regarding corruption, militias and uncontrolled weapons.

He considered that the chances of the coordinating framework to remain coherent and its ability to form a government are out of reach, especially after the absence of consensus between the Kurdish parties to nominate the President of the Republic, noting that the lifespan of any government that will be formed will be short and will fall as the government of Adel Abdul Mahdi fell after it committed massacres against young people in Tahrir Square and in Cities of southern and central Iraq.

Finding solutions

Essam Al-Faili, professor of political science at Al-Mustansiriya University, believes that putting forward the initiatives gives the impression to everyone that there is a desire for a solution away from tension. to the threat to civil peace.” He added that “there are more than 23 civil liberals who have begun to coalesce towards what is known as future demonstrations that reject the attempt of the political approach to the coordination framework, and this is what makes the wise and wise reconsider their tense positions,” noting that these forces are fully aware that even Muhammad Shiites of Sudan can be waived because the process of his nomination was according to the vision of the owners.

Al-Faili indicated that some of the framework forces are well aware that one of the results of Al-Sudani’s candidacy is the emergence of demonstrations that led to the shedding of a lot of blood, and that the parties whose blood was shed will not accept the issue of imposing the wills of this or that party.

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The former president of “SOMO”:  The government wants to continue depositing Iraqi oil revenues in the US Reserve Bank

The former president of “SOMO”:  The government wants to continue depositing Iraqi oil revenues in the US Reserve Bank

Information / Baghdad… The oil expert, former head of the Oil Marketing Company (SOMO), Falah Al-Amiri, confirmed that the money from the sale of Iraqi oil has been deposited in American banks since the nineties of the last century.

Al-Amiri said in an interview followed by “The Information” that “Iraq would have been able to produce 8 million barrels per day now, had it not been for the Iraq-Iran war,” noting that “Iraq’s oil reserves are concentrated in central Iraq, and very few of them are located in the border areas, and the quantities of crude in it range from one billion to one and a half billion barrels.

He added, “Agreeing to sell Iraqi oil to companies is the exclusive authority of the Minister of Oil, not SOMO,” noting that “all the money from the sale of oil goes to the US Reserve Bank since 1996, and the government demanded after 2003 that this mechanism remain to preserve funds from the risks of lawsuits.” “.

He explained that “the Kirkuk-Ceyhan export line accommodates more than one million barrels per day, while it is planned to accommodate one million and 600 thousand barrels per day, and it has been suspended from 2014 until now, due to the security situation,” noting that “Iraq now exports Kirkuk oil through Kurdish pipelines. And then to Jihan.” finished/25h

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