Al-Fateh announces the failure of the American plan through the dollar crisis, after its parallel value fell

Information / Baghdad … The leader of the Al-Fateh Alliance, Ali Hassan Al-Fatlawi, confirmed, on Tuesday, the failure of the American plot to put pressure on Iraq by fabricating the dollar crisis, indicating that the recovery of the dinar and the approaching of its exchange rate with the dinar in the parallel market is evidence of the success of the framework government.

Al-Fatlawi said in a statement to Al-Maalouma, that “the approach of the exchange rate of the Iraqi dinar in the parallel market to a level close to the price of the Central Bank of Iraq came as a result of the measures taken by the government of the coordination framework since the beginning of the crisis, which was fabricated by the US Treasury.”

He added, “These measures thwarted the largest plot to destabilize the government of the coordination framework by the US administration,” noting that “the government measures led to the recovery of the Iraqi dinar against the US dollar in the parallel market.

Al-Fatlawi indicated that” the start of the dinar’s convergence towards the official exchange rate is due mainly. To the success of the monetary policy of the Central Bank of Iraq in particular and the role of supportive government policies in general to deal positively and effectively in meeting the demand for foreign currency.

Almaalomah.me

Integrity: The battle against corruption is crucial, and we will not allow the corrupt to escape accountability

Information / Baghdad… The head of the Integrity Commission, Haider Hanoun, affirmed, on Tuesday, that the battle of integrity against corruption is crucial and deserves to make huge sacrifices for it, while indicating that the corrupt should not be allowed to escape accountability and punishment.

Hanoun said in a statement received by Al-Maalouma Agency, “The battle of integrity against corruption is a fateful battle that differs from other battles, as it clashes with personal benefits, and deserves great sacrifices for its sake,” noting that “the cadres of the Commission, especially the Investigation Department, represent the spearhead in this battle.” “.

And he stressed “intensifying the efforts of affiliates in the field of combating corruption, preventing it, prosecuting its perpetrators, and preserving public money,” stressing “not courtesy of the corrupt or allowing them to escape accountability and punishment, and emphasizing everyone against whom a judicial ruling has been issued, and not being lenient or pardoning them.”

He pointed to “the importance of consolidating authentic values ​​in the hearts of the people of society and adjudicating conscience; to create a generation armed with the ethics of integrity and honesty against all values ​​of corruption and behaviors that are inconsistent with the ethics of the public office,” explaining that “the thief of the state’s money and the people’s power cannot claim virtue, values ​​and good morals, as well To be a patriot or leader of a value project.

He called on “all political and societal actors to give priority to the interest of Iraq and to reject the corrupt transgressors over public money,” noting that “the Commission is determined to emerge victorious in its battle against corruption, to recover the revenues obtained from it, and to put those involved behind bars.”

He praised “the increase in the pace of the commission’s work, one of its outputs being the implementation of unprecedented qualitative operations during last March that afflicted the corrupt, as (223) operations were carried out, during which (134) accused were arrested,” explaining that “this contributes to restoring the citizen’s confidence in the oversight bodies and increases At the level of his cooperation with her in reporting corruption.”

Almaalomah.me

Al-Fateh: Diversifying currency reserves has become a national security priority

Information / Diyala… The leader of the Al-Fateh Alliance, Sadiq Jaafar, confirmed, on Tuesday, that the diversification of currency reserves in Iraq has become a priority for national security.

Jaafar said in an interview with “The Information”, that “Washington has repeatedly tried to exploit the dollar to put pressure on Iraqi governments in various forms, as it did with other countries, which made confidence in this currency shaken, which turned into a pressure card and punishment used against countries that reject America’s hegemony.”

He added, “The recent crisis and the pressure on the markets to seriously rethink the diversification of currency reserves in Iraq, as it has become a national security priority to prevent any future crises,” noting that “resorting to Chinese currencies and other countries has become a necessity in order to break the monopoly of the US dollar.”

He pointed out that “Iraq’s openness to adopting national currencies in its trade with other countries, whether China or neighboring countries, will reduce pressure on state transfers by 40%, according to economists, and this will push the dinar to more stability.”

Iraqi political forces have accused Washington in recent months of using the dollar to create a crisis in the markets and raise exchange rates to limits that increased market prices in an unprecedented way.

Almaalomah.me

Al-Mattalibi to “Jarida”: There is no immunity for the Sunnis in the cabinet reshuffle.. Al-Sudani is different from Al-Maliki

Writer and politician Saad al-Mutalabi said today, Tuesday, that the State Administration Coalition agrees on the success of this government session for Muhammad Shia al-Sudani, noting that the latter possesses more freedom than what Mr. al-Maliki had, for example, in government work.

Al-Mattalbi told Al- Jarida that the prime minister could move on ministerial reshuffles from the Sunni quotas and replacements, certainly from the same component. I mean, he excluded bringing people from outside the nominations for the Sunni blocs. This is a very natural thing, but if some believe that Sunni ministers have special immunity, then this is certainly And they are big.

He added that the cabinet reshuffle could include Shiites and Sunnis, indicating that the crisis is within the Shiite and Sunni ministers, ruling out that there will be an opposition position to the Sunnis regarding the reshuffle of their ministers, especially since in the matter of reshuffle there is no political immunity, whether Sunni or otherwise, in the procedures for change or reshuffle.

Jaredaiq.net

Parliamentary Finance: We will not reduce the price of oil during the budget

Information / Baghdad… Today, a member of the Parliamentary Finance Committee, Jamal Cougar, expected a drop in oil prices during the years 2024 and 2025 below $60, indicating that there is no intention to reduce the price of a barrel of oil in the 2023 budget.

Cougar said, in an interview with Al-Maalouma Agency, that “the Finance Committee has no intention to reduce the price of a barrel of oil specified in the budget, which amounts to 70 dollars.”

He added, “Parliamentary Finance plans to reduce the price of a barrel of oil in the 2024 and 2025 budgets, according to global indicators.”

Cougar indicated that “all expectations indicate that crude oil prices will average $50 and $70 during the next two years,” suggesting that “there will be work to amend some important paragraphs in the budget after the second reading.”

And a member of the Parliamentary Legal Committee, Muhammad Anouz, had revealed earlier, the parliament’s intention to reduce the budget deficit for the fiscal year 2023 in favor of the poor classes.

Almaalomah.me

Al-Sudani: The Iraqi dinar will rise against the US dollar in the next few weeks

Today, Prime Minister Muhammad Shia al-Sudani indicated that the value of the Iraqi dinar will rise against the US dollar during the next few weeks.

Al-Sudani said, in press statements, followed by NRT Arabia, that: “The dinar will rise against the dollar in the next few weeks,” explaining that “oil exports from the Kurdistan region will resume this week, and oil buyers will sign a contract with SOMO today.”

He added, “Only technical issues are remaining to resume oil exports from the Kurdistan region this week,” noting that “SOMO will sign a contract with oil buyers today, and oil exports will resume this week.”

Al-Sudani said, “A letter will be sent to the Turkish government to resume oil exports,” stressing that “providing the salaries of the Kurdistan Regional Government is the duty of the Iraqi government and we are committed to it.”

Last March, the International Arbitration Court, based in the French capital, Paris, issued a decision stating that it was illegal for Turkey to export Kurdistan Region’s oil through the port of Ceyhan without referring to the federal government in Baghdad, and the International Court imposed large financial compensation on Turkey in favor of Iraq. .

On (April 4, 2023) in Baghdad, an agreement was signed to resume the export of Kurdistan Region’s oil, in the presence of the President of the Kurdistan Regional Government, Masrour Barzani, and the Iraqi Prime Minister, Muhammad Shia’ al-Sudani.

After signing the agreement, Al-Sudani said, “Stopping oil exports causes severe damage to the total oil revenues for Iraq,” noting that the agreement reached to resume oil exports confirms Erbil and Baghdad’s desire to “face all problems and obstacles.”

Al-Sudani stressed that the agreement “will pave the way for the passage of the budget law and its provisions, which are also the outcome of a dialogue between the federal government and the Kurdistan Regional Government that dealt with all issues, including the oil and gas file.”

And estimated the volume of losses from stopping the export of oil from the Kurdistan Region during the past three weeks exceeded 500 million dollars.

Nrttv.com

Parliamentary Finance: The political agreement will accelerate the passage of the budget

Information / Baghdad… The Parliamentary Finance Committee confirmed, on Monday, that the draft public financial budget law for the year 2023 will not be delayed for long due to the political consensus on it.

“The committee will start hosting the relevant ministries, independent bodies and directorates to find out the increase and the reason for spending, and what are the problems facing state institutions,” said the deputy head of the committee, Ikhlas Al-Dulaimi, in an interview with Al-Maalouma agency.

She added, “The second reading of the budget will open the door for discussion of the objected paragraphs, so that the Finance Committee records all the observations and interventions made by members of the Council in order to add or amend certain paragraphs in the draft law, and then present the budget to the House of Representatives for the purpose of voting on it within less than a month.”

She explained that “the 2023 budget differs from previous budgets and may be passed as quickly as there is a political agreement on it,” noting that “there is an understanding between the parties of the state administration coalition to pass the budget.”

And the Presidency of the House of Representatives decided to keep its session, which it held yesterday evening, open until today, Monday, provided that it resumes at one o’clock in the afternoon until six o’clock in the evening, and then resumes after that in the evening.

Almaalomah.me

After neutralizing the Kurds and Al-Sadr: Al-Halbousi is in the crosshairs of the coordination framework

Baghdad – The agreement between Baghdad and Erbil on the rules for resuming oil exports from Kurdistan, Muqtada al-Sadr’s announcement of freezing the activities of his movement for “at least” a year, and the weakness of the positions of the small opposition parties in Parliament are all elements that make the coordinating framework, which governs in Baghdad, an unstoppable force . This encourages it now to seek to crush any trends that may appear to challenge its overall influence.

The leader of the Sunni bloc, Muhammad al-Halbousi, Speaker of Parliament, is now the first target, to confirm that the framework groups, which were just a minority in parliament, have become the ruling party with absolute influence.

Observers say that the framework groups want to remove Al-Halbousi from his position as Speaker of Parliament, to replace him with one of the Sunni figures loyal to them. This is while Prime Minister Muhammad Shia al-Sudani plans to remove some of the ministers affiliated with al-Halbousi from their positions as part of a cabinet reshuffle under the cover of evaluating the work of government ministers.

Al-Halbousi adheres to the agreement that laid the basis for the current government formation, and includes securing a fair share for the Sunni governorates in the federal budget and amending policies related to the return of the displaced and anti-terrorism laws that are implemented randomly.

The coordination framework negotiators use the weapon of reshuffling the cabinet to force al-Halbousi to abandon his demands. And while the parties to the framework compete with each other over the way in which al-Halbousi can be confronted or overthrown, each of them views the Speaker of Parliament as having become the “low wall” that can be overcome.

For example, while Al-Sudani takes the cabinet reshuffle as a way to weaken Al-Halbousi’s positions in order to prove that he is the one running the game, Nuri Al-Maliki, the leader of the State of Law bloc in the framework, is gathering forces to overthrow Al-Halbousi from his position as Speaker of Parliament, in order to prove that he is the primary driving force of the framework. and government.

Al-Halbousi’s attempt to establish a “Sunni coordination framework” that competes with the influence of the Shiite coordination framework constitutes one of the most important reasons that prompt the framework groups, including Al-Sudani, to view it as a threat, which prompted Al-Maliki to pull the rug from under Al-Halbousi’s feet by attracting those he was betting on, while Al-Sudani is looking for alternatives to the ministers loyal to the Speaker of Parliament in the government.

The former MP, Mishaan Al-Jubouri, had said in a tweet on Twitter:

A prominent leader in the “Taqdad” party, which is led by the Speaker of Parliament, said that “Al-Halbousi invited all former and current Sunni political leaders in Iraq, led by Salim al-Jubouri, Osama al-Nujaifi, Salih al-Mutlaq, Khamis al-Khanjar, Rafi al-Issawi, Jamal al-Karbouli, Muthanna al-Samarrai, Mahmoud al-Mashhadani and others, to convene meeting”.

The former Speaker of Parliament, head of the Salvation and Development Front, Osama al-Nujaifi, attacked the idea of ​​​​forming the Sunni coordination framework, saying in a televised statement that “the call to form the Sunni coordination framework is not sincere, and the idea will not succeed with its current people and the nature of its advocates.”

He added that “the adopters of the Sunni coordination framework were attacking first-line politicians, practicing abuse against them, and trying to completely remove them from the scene,” pointing out that “conceit led some to think that he could do everything with the support of internal and external political parties.”

Observers say that al-Halbousi is paying the price for his marginalization policies against those who need them now. Although they weaken themselves by refraining from supporting him in the face of singling out the coordination framework, the vengeful nature of the Sunni political environment underestimates the matter and thinks that the overthrow of al-Halbousi opens the way for it to return and practice what it used to do in terms of marginalization.

Al-Nujaifi said that “the decision to dismiss al-Halbousi from the presidency of the Iraqi Council of Representatives belongs to the Shiites, specifically from the leaders of the coordination framework, and not to the Sunnis,” and that some parties to the Shiite framework take into account that there is an “international dimension” to the issue of dismissing al-Halbousi.

Observers say that the problem of the Sunni groups is that they do not have a frame of reference like the frame of reference that the Iranian Revolutionary Guard forms for the groups of the coordination framework. For this reason, while groups within the Shiite framework can differ and compete, they come together when faced with a common threat to their influence. While the matter is different for the Sunni groups, they are torn in running after benefits before being threatened, and they are torn even more if they are threatened.

Some parties to the framework are betting that the more pressure on Al-Halbousi increases, he will favor safety and back down from his demands, as has happened more than once before. His ministers in the government are trying to market the idea that an agreement can be reached through dialogue between al-Halbousi and al-Maliki on the one hand, and between him and al-Sudani on the other.

But the inevitable conclusion is that the framework groups, whether they take the decision to remove al-Halbousi or force him to make concessions, the coordination framework continues to act as the “leading party” of the state and society that no one can compete with.

Rawabetcenter.com

The decline in dollar prices in the local markets

{Economic: Al Furat News} The exchange rates of the US dollar decreased against the Iraqi dinar, today, on the main stock exchange in the capital, Baghdad.

The Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad this morning recorded 150,000 Iraqi dinars for 100 US dollars.

That the buying and selling prices decreased in exchange shops in the local markets in Baghdad, where the selling price reached 151,000 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 149,000 Iraqi dinars per 100 US dollars.

Alforatnews.iq

Newspaper: Printing new cash denominations in Iraq may increase burglaries and erode the value of the currency

A London newspaper, in a report published today, Thursday, shed light on the efforts of the Central Bank of Iraq to print a new currency of the category of 20 thousand dinars, while indicating that this step may lead to the erosion of the value of the local currency in the country, while indicating that it increases armed robbery. which has risen recently.

This comes amid warnings of the dangers of this step, which may lead to the erosion of the value of the local currency, which after the invasion in 2003 witnessed a change in its shape and nature in conjunction with the changing and fluctuating Iraqi financial system in light of volatile conditions that made it lose its local value and market influence.

. The local currency also suffered a major collapse in December 2020, after the central bank decided to reduce the exchange rate by up to 22 percent from the price of 1,200 to 1,450 dinars against the dollar, due to the financial deficit and the economic crisis in the country. Al-Araby Al-Jadeed newspaper said in its report, which was followed by Al-Muttala agency, that “the procedure of the central bank’s endeavor to issue the new monetary category sparked a state of controversy among local circles about the feasibility of the decision and its economic repercussions on the Iraqi financial markets.”

Monetary structure

Iraq has a number of circulating monetary denominations that form the structure of the local monetary mass in the market, and these denominations include (250, 500, 1000, 5000, 10000, 25000, and 50000) dinars, and the last issue was in 2011 when the Central Bank of Iraq issued a banknote of the category Fifty thousand dinars, to be included in the Iraqi cash payments system.

The adviser to the Central Bank of Iraq, Ihsan al-Yasiri, said that the procedure for printing banknotes in the category of 20,000 dinars falls within the field of normal monetary practices for the central bank, and it is now within the framework of reviewing the structure of the national banknote series, and that this category will be an intermediary for the structure of cash currencies and will provide an addition For smaller groups, such as five thousand and ten thousand dinars. Al-Yasiri indicated, in a press interview, that the volume of the cash mass in circulation with banks and citizens currently ranges between 83-84 trillion Iraqi dinars, and the pursuit of the new issuance of the 20 thousand category will not change much of the volume of the trader because it will be included within the existing liquidity.

Al-Yasiri also stressed that printing the new denomination will not affect the value of the Iraqi currency in circulation, nor will it affect the levels and volume of inflation in the market, because inflation is linked to economic policies and has nothing to do with monetary circulation. He pointed out that the Department of Issuance and Treasurys (one of the institutions of the Central Bank) is working on a careful study about the possibility of printing the cash category of 20 thousand dinars, and how to deal with it according to the monetary developments taking place in the Iraqi financial market.

Issuance risk

For his part, the economic researcher, Omar Al-Halbousi, warned of negative repercussions that might face the value of the Iraqi dinar if the Central Bank issued a 20,000 dinar banknote. The newspaper quoted al-Halbousi as saying, “Iraq does not need to print more currency, but rather needs to develop a monetary policy that contributes to achieving stability in the value of the dinar.”

He pointed out that “the step of printing a new category leads to adverse damages that contribute to the decline in the value of the currency and raise inflation in prices, which burdens the citizen, in addition to exacerbating the economic and financial problems that Iraq suffers from as a result of the floundering decisions by the government and the central bank, all of which were counterproductive.” . And Al-Halbousi indicated that “printing a new monetary category will produce two types of inflation, the first is monetary and the other is price, and both of them pose risk factors for the national economy through high levels of inflation and the occurrence of economic stagnation.”

Development of the financial system

For his part, the Iraqi economist, Karim Al-Helou, believes that “the problem of the Iraqi financial market is not in the volume of cash flow or banknotes, and that the volume of the local currency in circulation does not constitute any problem, because more than 80 percent of the monetary mass is circulating in the market or with banks.” “. The newspaper quoted al-Hilu as saying, “The printing of any new category will not bring about any positive change, but will constitute an increase in the monetary mass, which leads to an increase in the rate of storing money in light of a weak banking system, as is the case in Iraq, because of which burglaries and crime rates have increased.” In recent years, as a result of storing cash in homes instead of depositing it with banks. He pointed out that “there is a contradiction between the government’s vision, which announced its intention to develop the financial system, pay bills and collect through an advanced digital system in the coming months, and between the Central Bank’s measures to plan the issuance of new denominations of paper currencies in the market.” Al-Helou called on the Central Bank to develop the financial digital system and improve banking performance in line with the development in the financial systems of neighboring countries and the world, instead of issuing new monetary categories and pumping them into the market to constitute an additional burden on the monetary masses and the national payment system.

Almutalee.com/news