Al-Fateh: Selling oil in currencies other than the US dollar is very possible

Information / Baghdad… The leader of the Al-Fatah Alliance, Uday Abdul-Hadi, confirmed on Friday that selling oil in currencies other than the US dollar is very possible.

Abdel-Hadi said in an interview with Al-Maalouma, that “Washington’s exploitation of the dollar in an attempt to impose its agenda on countries, rob their economic independence, and bring about frequent geopolitical change requires adopting other options to move away from using the dollar in financial activities, and this is no longer an option, but rather a necessity imposed by international facts.”

He added, “Iraq selling crude oil in currencies other than the US dollar is very likely if Washington’s approach continues to try to hit the national economy and exploit its weight through the dollar by creating crises at home, pointing out that there are many countries beginning to realize the danger of the dollar remaining as the main currency in the country.” the world in commercial and financial exchange.

He pointed to “the need to make changes in Iraq’s financial reserves by crystallizing a list of other currencies to create high flexibility in dealing with cases of recession and international financial inflation.”

Iraqi political circles accuse Washington of being behind the recent rise in dollar exchange rates, which led to severe pressure on the markets and raised the prices of basic materials.

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BGG ~ I have said this and said it and said it… This is not an unrealistic set of events.

EVERYONE wants off the US Dollar. The question is, what will they get on? What if it were Dinar?!? WOW.

With documents.. Collecting parliamentary signatures to discuss the central bank’s policies towards the dollar

{Economic: Al Furat News} Today a number of parliamentarians collected signatures to discuss the policies and procedures of the Central Bank regarding the rise in dollar exchange rates and the decline in the exchange of the Iraqi currency, in the presence of the Governor of the Central Bank in the Iraqi Parliament.

Alforatnews.iq

Regarding the dollar.. A parliamentarian accuses Al-Halbousi of violating the law and the constitution

Information / special… The representative of the Al-Fateh coalition, Ali Al-Jamali, accused the Speaker of Parliament, Muhammad Al-Halbousi, of violating the law and violating the constitution on many occasions, while confirming the arrival of parliamentary signatures demanding the holding of a special session to discuss the repercussions of the dollar’s ​​rise to 200 parliamentary signatures without the latter moving to hold it.

Al-Jamali said, in an interview with Al-Maalouma, that “Al-Halbousi deliberately ignored 200 parliamentary signatures to hold a session to discuss the crisis of the dollar’s high exchange rate,” noting that “Parliament intends to present many proposals regarding the crisis of the Iraqi dinar’s decline.”

And he continued, “Al-Halbousi violated the law and the constitution on many occasions, and today he also returns and refuses all the students to hold a session to discuss the repercussions of the dollar’s rise,” wondering that “we do not know if there is an agreement between the governor of the Central Bank, the Speaker of the House of Representatives, and some political blocs to push to raise the price of the dollar.” “.

And regarding Al-Halbousi’s failure to respond to the parliamentary signatures, he stated: “There is no explanation for what the Speaker of the House of Representatives is doing, given the danger of the continued rise of the dollar and the parliamentarian’s role in finding solutions to it.”

A member of the Integrity Committee, Hadi al-Salami, had previously spoken to Al-Maalouma agency that “the reason for not including the discussion of the dollar exchange rate crisis in the agenda of the parliament session that was held last Saturday or the session to be held today, Wednesday, is the refusal of the Speaker of Parliament to do so, despite Despite the collection of 83 signatures in accordance with Article 58 of the constitution, paragraph first, as well as in accordance with the articles of the House of Representatives internal system.

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The Central Bank calls on merchants to deal with banks and avoid brokers and speculators

Information / Baghdad… The Central Bank Governor Mustafa Makhaif called on merchants to deal directly with banks.

A statement by the media office of the bank, received by Al-Maaloumah Agency, stated that “Makhaif and the advanced staff at the Central Bank received a number of merchants to discuss the most important concerns and proposals of merchants and the most important challenges they face in dealing with authorized banks,” wishing them “to avoid resorting to brokers and speculators, and to deal directly with Banks that provide various banking services.

The Governor of the Central Bank gave an “explanation of the procedures and decisions of the Central Bank of Iraq during the past days to enhance stability in the foreign currency market and the mechanisms of the electronic platform as a tool for external transfer.”

The statement pointed out that “the Central Bank of Iraq confirmed, at the end of last month, that merchants review banks directly and not resort to brokers and speculators to avoid charging their imports unduly commissions and expenses, noting what was issued by the Council of Ministers in its decision No. (351) of 2022 regarding non-payment of fees.” Customs duties and tax secretariats amounts in advance, as this will reduce excess loops, ease procedures, and remove costs resulting from prior demarcation problems.

He stressed that “the Central Bank continues to work to simplify external transfer procedures through official channels and at the official exchange rate for merchants, in light of the launch of the electronic platform for external transfer at the beginning of this year.” He called on other competent government agencies to “facilitate the merchants’ procedures to ensure full disclosure of all transactions and ensure their safety.”

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The Central Bank determines the valid and rejected Iraqi banknotes for circulation

Shafaq News / The Central Bank of Iraq determined, on Monday, the valid and non-negotiable banknotes of the local currency.

The bank said, in a statement received by Shafaq News agency, that it is “responsible for defining the categories of Iraqi coins, their standards, printing, and minting coins, and is responsible for destroying and replacing them and identifying defective ones,” noting that “discriminating between their categories by imposing a specific category on the public or refusing to receive A certain category is unacceptable and against the law.”

And he explained that “the banknotes issued by him remain valid for negotiation in the event that they were exposed to any tear of more than 3 cm, and it was repaired with transparent adhesive tape on one or both sides and did not affect its features.”

He added that “the banknotes also remain valid if they were cut in one of their corners within 2 cm and did not affect their features, and also if traces of circulation and use appeared on them and were not harmed or damaged affecting their shape, color and size.”

He pointed out that “banknotes are considered unfit for negotiation if the banknote is worn out or damaged even though it was not torn or parts of it were lost, and if it was damaged as a result of exposure to water or various liquids, and it is also considered unfit for negotiation if it is composed of two parts with different numbers.” Its area was close to that of the original banknote.

And he indicated that “the banknote is also considered invalid if the banknote is fixed with a transparent tape or more on its width or length, in addition to pieces of it more than one angle or loaned, or if it is defective in terms of design and size and if it loses 50% of its area.” It is also considered unfit for circulation if foreign materials stick to it and affect its features, such as inks and dyes, or if they are perforated.”

Shafaq.com

“Dinar and Dollar” file is at the forefront of talks

An expected visit of an Iraqi delegation to Washington, and the “Dinar and Dollar” file is at the forefront of the talks

Economy News – Baghdad… Deputy Prime Minister for Economic Affairs and Foreign Minister Fuad Hussein announced, on Saturday, that he will lead a high-ranking Iraqi delegation to visit the United States on the eighth of next February.

“The delegation, which includes economic officials and from the Central Bank, will hold meetings with senior US officials in Washington to discuss the issue of the dinar and the dollar, and the economic relations between the two countries,” Hussein said in an interview with the “Rudaw” network, followed by “Al-Iqtisad News”.

Economy-news.net

The central bank sets a date for the return of the dollar exchange to “normal”

{Economic: Al Furat News} The Central Bank of Iraq has set the date for the return of the exchange rate of the dollar against the dinar to its “normal state.”

The bank’s advisor, Ihsan Al-Yasiri, said in a press statement, “The turmoil in the dollar prices is a temporary situation, and within two weeks, the dollar price will return to its normal stable position of 1470, that is, before the end of this month of January.”

He pointed out, “The Central Bank’s resources are now at their highest levels in decades,” stressing that “the state’s financial situation is very comfortable.”

Al-Yasiri pointed out, “The controls that were put in place for selling the dollar on the platform came in order for the dollar to go to the real beneficiary, and it is a regulatory process.”

Alforatnews.iq

Parliament calls on the government to expedite the approval of the budget law, and a deputy confirms its completion by the Ministry of Finance

Shafaq News / Independent MP, Yasser Al-Husseini announced, on Thursday, the completion of the draft budget law for the year 2023, and it will be discussed in the next cabinet session, while the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, urged the government to expedite the approval of the budget.

Al-Husseini told Shafaq News agency, “The Ministry of Finance has completed the final draft of the general budget bill for the year 2023, and it is expected to be sent to the General Secretariat of the Council of Ministers next week.”

He added, “Next week’s session of the Council of Ministers will witness a discussion of the budget law, and then a vote on the law and sending it to the House of Representatives.” dollars.”

In turn, the First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, called on the government to expedite the submission of the budget law to the House of Representatives for a vote on it.

Al-Mandalawi’s media office stated, in a statement received by Shafaq News agency, that the latter met with Prime Minister Muhammad Shia’a al-Sudani, to discuss a number of files and priority issues.

Al-Mandalawi stressed the need to expedite the completion of the draft budget law for the current year, and send it to the House of Representatives to include it in the agenda, read it first, and make amendments to it before submitting it to the vote, and stressing the inclusion of contract holders, lecturers, holders of higher degrees, top students, and others from various segments of society within its provisions.

Shafaq.com

Currency auction in Iraq… Total sales drop to 360 million dollars in a week

Shafaq News / The total sales in the currency auction of the Central Bank of Iraq amounted to 360 million dollars during the past week.

Shafaq News agency reporter stated that the Central Bank sold during the past week for the five days in which the auction was opened, starting from Sunday to Thursday, the amount of 360 million and 945 thousand and 774 dollars, at a daily rate of 72 million and 189 thousand and 154 dollars, down by 29.52% from the previous week.

Our correspondent added that the highest dollar sales during the current week were on Sunday, when sales amounted to 112,424,526 dollars, while the lowest sales were on Monday, when sales amounted to 45,169,559 dollars.

He pointed out that the sales went in the form of cash and transfers abroad to finance foreign trade, while the selling price of dollars transferred to bank accounts abroad, in addition to cash sales, amounted to 1460 dinars per dollar.

Shafaq.com

Deputy: The date for approving the budget will not exceed next month

Information / Baghdad… The representative of the Kurdistan Democratic Party bloc, Mahma Khalil, confirmed, on Saturday, that the approval of the 2023 budget law will not exceed the month of next February, indicating that there are no major obstacles to the completion of the draft law.

Khalil said in a statement to Al-Maalouma, “The preparation of the draft budget law for the year 2023 is in its final touches, and that sending it to the House of Representatives is very close.”

He added that “the approval of the draft budget law will not exceed the month of February next,” noting that “there are no major obstacles to the completion of the bill.”

Representative Ali Turki confirmed, in a previous statement to Al-Maalouma, that the Sudanese government has completed the draft budget law, and it will be sent to parliament in conjunction with the start of the second legislative term, which will start its work on the ninth of this month, for the purpose of discussing and approving it.

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