An economist criticizes the central bank for dealing with the dollar crisis in “traditional ways”

Information / Baghdad… On Monday, economic expert Nabil Al-Ali held the Central Bank of Iraq responsible for the continued rise in the dollar exchange rate.

Al-Ali told Al-Maalouma, “The Central Bank is still dealing with the crisis in traditional ways in light of an unconventional crisis,” calling on the Central Bank to “realize the direction of foreign trade in dealing with foreign currencies and create special banks in this regard.”

He added, “The measures taken by the Central Bank to reduce the exchange rate of the dollar against the Iraqi dinar did not bear fruit because of the Central Bank’s adherence to dealing with the unconventional crisis in traditional ways by following up and prosecuting merchants only.”

He continued, “Introducing a procedure for dealing with foreign trade in foreign currencies was a golden solution to confront the exchange rate crisis, but the Central Bank did not take this procedure seriously.”

He stressed the necessity of “realizing the direction of foreign trade in dealing with foreign currencies and creating special banks in this regard.”

Almaalomah.me

America has been obstructing the arrival of the dollar to Baghdad for 8 months

Information / Baghdad… The leader in the coordination framework, Uday Abdul Hadi, confirmed on Monday that America has been obstructing the arrival of the dollar to Baghdad for 8 months under false pretexts.

Abdul Hadi said in an interview with Al-Maalouma, “America is actually exploiting the dollar as a tool for pressure in Baghdad and has been obstructing its arrival in Iraq for 8 months under false pretexts,” noting that this “creates vibrations that push exchange rates to higher levels from time to time.” .

He acknowledged that “the government’s measures contributed to calming the pressure on the dollar through the parallel market,” pointing out that “the file of transferring currency sales funds in the US Federal Reserve is a strategic mistake that places the entire Baghdad economy hostage to the decisions of the White House.”

He pointed out “the need to break free from the grip of the Federal Reserve, seek to diversify the basket of currencies, and pressure to reduce investment in treasury bonds to prevent the loss of Iraq’s reserves due to any economic shocks in Washington, which has been suffering from serious problems for years.”

The parallel market for exchanging the dollar has suffered from rises and falls in recent months, despite the government’s efforts to push it to the official exchange rate of 132 thousand dinars per 100 dollars.

Almaalomah.me

The Baghdad dollar faces a “major withdrawal” at the beginning of the week, but the exchange rate is stable

Baghdad – 964 The exchange rates of the US dollar did not rise, this evening, Sunday, in exchange offices and companies in Baghdad, despite the high demand for large quantities of foreign currency and the scarcity of supply, as prices remained at the level of 152,500 dinars for each $100 note due to the return of the main stock exchanges and the auction. The central bank helped fuel high demand.

The Baghdad dollar declines slightly with the hope of “the end of security tension.” 152,300 on Tuesday evening

The last price offered on the Kifah Stock Exchange, this afternoon, was 152,300 dinars per paper (USD $100 note).

Direct selling prices in the main exchange companies and their offices in the Baghdad areas, this evening, ranged between 152,500 and 153,500 dinars per note, compared to purchase prices ranging between 152,250 and 151,000 dinars, which are the same prices recorded on Saturday, with slight differences.

The exchange rates at the offices of exchange companies in Baghdad areas were as follows:

Al-Kifah – Al-Shorja
Sale: 152,500
Buy: 152,250

Harithiya
Sale: 152,500
Buy: 152,250

Al-Adl District – Al-Rabie Street
Sale: 152,500
Buy: 152,250

Al-Mansour
Sale: 153,500
Buy: 151,500

Ziona
Sale: 153,500
Purchase: 151,000

964media.com

Parliamentary Finance: 30 countries are racing to invest in Iraq

Information / Baghdad – Member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed on Sunday that there is a desire of 30 countries to create a strategic partnership with Baghdad in 6 vital sectors.

Al-Karawi said in an interview with Al-Maalouma, “The security factor no longer worries these countries, especially after achieving high rates of stability in the past four years.”

He added, “Half of this number of countries are European and Asian countries that want to invest in the fields of energy, trade, transportation, and building economic cities, pointing out that the development path will serve as the beginning of the path toward building a diversified economy in the country.”

He pointed out that “the volume of investments in Iraq has increased in the past two years at remarkable rates, especially local investment, which indicates the presence of confidence and reassurance that has prompted businessmen to compete for investment licenses in various sectors.”

In recent years, Iraq has witnessed tangible security stability, which has had a positive impact on the internal situation in general.

Almaalomah.me

Government parliamentary action to recover the stolen funds

Information / Baghdad… The Parliamentary Integrity Committee confirmed, on Sunday, a high-level move to uncover corruption files and recover looted funds inside and outside Iraq.

Committee member Bassem Khashan said in an interview with the Maalouma Agency, “There is direct, high-level coordination with the Federal Integrity Commission and state institutions to uncover major corruption files.”

He added, “The Parliamentary Integrity Committee continues its work in exposing corruption operations and preventing the waste and theft of public money to put an end to this dangerous phenomenon in Iraq.”

Khashan pointed out that “the Integrity Committee in the House of Representatives has worked and continues to uncover files of corruption and waste of public money and put those involved behind bars.”

The Parliamentary Integrity Committee recommended earlier the necessity of legislating a law for a new oversight body to replace general inspectors working within government institutions whose mission is to address negatives and reduce corruption.

Almaalomah.me

A parliamentarian reveals the date of the departure of foreign forces from Iraq

Information /private… Today, Sunday, Member of Parliament Muhammad Al-Sayhoud revealed the date for the withdrawal of foreign combat forces from Iraq, while confirming that the end of this year will witness the withdrawal of all combat forces according to a timetable prepared for the withdrawal process.

Al-Sayhoud said in an interview with the Maalouma Agency, “All influential parties in the political arena agreed on the withdrawal of American combat forces from the country,” noting that “the position of supporting the countries of the world in achieving complete independence for Iraq has become clear.”

He continued, “The security forces and the Popular Mobilization Forces have reached a high stage of development and capabilities, and this is what enables them to preserve the security and safety of the country,” pointing out that “the government is proceeding with great seriousness in the issue of removing foreign forces in accordance with diplomatic and political contexts.”

He continued, “The government presented the issue of confirming the removal of these forces in all international forums and recent meetings,” adding that “the end of this year will witness the removal of all combat forces according to a timetable prepared for the withdrawal process.”

The State of Law coalition had called, in an interview with the Maalouma Agency, “Prime Minister Muhammad Shiaa Al-Sudani to issue a decision to remove American forces from Iraq immediately, while confirming that America continues to violate all security agreements concluded with it.”

Almaalomah.me

America stresses to Nechirvan Barzani the importance of its alliance and partnership with Iraq and Kurdistan in the region

Shafaq News / A delegation from the US Congress stressed, today, Sunday, to the President of the Kurdistan Region, Nechirvan Barzani, the importance of the alliance and partnership between Iraq, including Kurdistan, with the United States in the region.

The Presidency of the Region stated in a statement today that President Nechirvan Barzani met on the third day of the Munich Security Conference, with a delegation of members of Congress headed by Congressman Michael Turner.

The statement added that the meeting discussed US relations with Iraq and the Kurdistan Region, the situation in Iraq and the internal situation in the Kurdistan Region, relations between Erbil and Baghdad and the latest developments in the discussions between them to resolve differences.

According to the statement, the delegation expressed the US Congress’ continued support for Iraq and the Kurdistan Region, stressing that the United States views Iraq and the Kurdistan Region as an important ally and partner in the region.

For his part, President Nechirvan Barzani expressed his thanks to the US Congress for its continued support for Iraq and the Kurdistan Region. During the meeting, terrorist threats to the region and other issues of common interest were also discussed.

In addition, Nechirvan Barzani, President of the Kurdistan Region, met before noon on Saturday at the Munich Security Conference in Germany, with Celeste Wallender, US Assistant Secretary of Defense for International Security Affairs, and discussed with her the security dangers and threats in Iraq and the complex situations in the Middle East region.

A second statement issued by the Presidency of the Region stated that the two sides agreed in the opinion that the safety and security and political stability of Iraq and the Kurdistan Region are important for the region, and while the further aggravation of the repercussions of the war in Gaza poses a threat and danger to the region, Iraq must make every effort to avoid sliding and getting involved in problems and It places its weight on confronting terrorism and the threats and danger of ISIS.

The statement noted that in another axis of the meeting, the effects and negative impacts of targeting and attacking international coalition forces in Iraq and the Kurdistan Region were discussed. In this regard, the need to put an end to those actions that threaten the security, stability and sovereignty of the country was stressed.

Joint security cooperation between America and Iraq, within the framework of the strategic agreement between the two sides, formed another focus of the meeting, according to the statement.

Shafaq.com

After falling to zero… Iraq’s oil exports to America increased

Shafaq News / The US Energy Information Administration announced on Sunday that Iraq’s oil exports to America rose over the past week to reach more than 40,000 barrels per day.

The administration said in a table seen by Shafaq News Agency, “The average US imports of crude oil during the past week from 9 major countries amounted to 5.425 million barrels per day, down by 34 thousand barrels per day compared to the previous week, which amounted to 5.459 million barrels per day.”

She added, “Iraq’s oil exports to America amounted to 43,000 barrels per day last week, after it did not export any quantity the week before.”

The administration indicated that “most of America’s oil revenues during the past week came from Canada at an average of 3.999 million barrels per day, followed by Saudi Arabia with an average of 390 thousand barrels per day, and oil revenues from Mexico amounted to an average of 294 thousand barrels per day, and then Ecuador at an average of 201 thousand barrels per day.” .

According to the table, “The amount of American imports of crude oil from Colombia was at a rate of 150 thousand barrels per day, from Brazil at a rate of 148 thousand barrels per day, from Nigeria at a rate of 137 thousand barrels per day, and from Libya at a rate of 63 thousand barrels per day.”

While no quantity was imported from Russia.

Shafaq.com

The Baghdad dollar ends its week near 152.5.. The money changers felt “the tension has ended” with the Americans

Baghdad – 964… The exchange rates of the US dollar, Thursday evening, ended its week stable near the level of 152.5 thousand dinars for each $100 note, continuing to remain stable at this level for nearly two weeks, especially since market experts were optimistic about “the disappearance of the specter of security tension” between Iraq and Washington.

Direct selling prices in the main exchange companies and their offices in the Baghdad areas, this evening, ranged between 152,400 and 153,500 dinars per note, compared to purchase prices ranging between 152,200 and 151,500 dinars.

The exchange rates at the offices of exchange companies in Baghdad areas were as follows:

Al-Kifah – Al-Shorja
Sale: 152,400
Buy: 152.200

Harithiya
Sale: 152,500
Buy: 152.100

Al-Adl District – Al-Rabie Street
Sale: 152,750
Buy: 152.250

Karrada
Sale: 153,500
Buy: 151,500

Sidiyah
Sale: 153,500
Buy: 151,500

Sadr City – Orfali
Sale: 153,500
Buy: 151,500

964media.com

Parliamentary Finance clarifies the powers of the legislative and executive authorities in “amending the budget”

Information / Baghdad… Today, Thursday, the Finance Committee clarified both the powers of the federal government and the role of the House of Representatives in the current year’s budget, which the House of Representatives is waiting to receive from the government.

A member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, told Al-Maalomah, “Whether or not to amend the federal budget law depends on the government and the extent of its need to make amendments to some sections and items according to the need and requirements.”

He added, “The House of Representatives obligated the Council of Ministers, in accordance with Article 77 Second of the Constitution, to send tables related to its expectations for revenues and the volume of actual spending for the year 2024, while the rest of the budget items are supposed to be in effect, and if the government requests the amendment of some items, the House of Representatives will work to discuss them.” And work to reformulate it in a way that suits the government program and the Council’s requirements.”

Almaalomah.me