A parliamentarian reveals the date of the decline in the dollar exchange rate

Information / special… A member of the House of Representatives, Baqir Kazem, revealed the new measures taken by the Central Bank in order to reduce the exchange rate in the local markets, while stressing that the rise in the price of the dollar will decrease within a month from now.

Kazem said in an interview with “The Information” that “the central bank is working to form a new appropriation department for the import of goods in order to control the parties that used to monopolize the dollar in the local markets,” noting that “these measures came after the escalation of smuggling operations in the previous period, which led to to the height it is now.

And he continued, “The high exchange rate these days will not last more than a month after the new procedures that are being implemented by the Central Bank,” noting that “the latter will work to sell the dollar to merchants in the circle of new credits, at subsidized prices, directly.”

He noted that “the reason for the increase is that many merchants transfer millions of dollars to money exchangers and fake companies working to smuggle it out of Iraq,” stressing that “the exchange rate after the new procedures will settle at 146,000 Iraqi dinars for 100 dollars.”

The Prime Minister called for “opening the file of the currency auction, the exchange rate and the state of chaos in the markets within the agenda of the next cabinet session and taking immediate and urgent measures to address this file, which has become an unacceptable door to corruption and waste of public money.”

The Finance Committee in the House of Representatives attributed earlier the reasons for the high price of the dollar against the Iraqi dinar to the pressure exerted by the US Federal Bank on the Central Bank of Iraq.

Almaalomah.me

Leadership in the framework: Al-Halbousi’s change is possible and there are 3 steps to achieve it

The information / Baghdad... The leader in the coordination framework, Turki Al-Atbi, confirmed, on Saturday, that the change of Parliament Speaker Muhammad Al-Halbousi is possible, indicating that there are 3 steps to achieve this.

Al-Atbi said in a statement to Al-Maalouma, “The change of Parliament Speaker Muhammad al-Halbousi is possible, and it is now up to the Sunni forces to determine their position regarding any future steps,” noting that “more than 3 forces agree on the change so far.”

He added, “The change of Al-Halbousi must be preceded by 3 important steps, which is the consensus of the Sunni house and agreement on an alternative, with the reasons for the change being presented in order to achieve political support for the rest of the parties in the House of Representatives,” stressing that “any change is incoming and the political circumstances are the ones that press in this direction.” .

Al-Atbi pointed out that “the ball is now in the court of the Sunni forces if they want change and movement in this direction through the readings available to us. They are powerful and heading towards achieving them in the coming period.”

Almaalomah.me

Al-Halbousi may lose his position in the coming days

Information / Special… The political analyst Sabah Al-Aqili suggested that Al-Halbousi would lose his position and be excluded from the presidency of Parliament after the sectarian talk that he presented in the past days, pointing out that the fate of Al-Halbousi became in the hands of the coordination framework after trying to win over the masses by raising the file of the absent.

Al-Aqili said in an interview with Al-Maalouma, “Al-Halbousi takes advantage of his position in the presidency of Parliament and speaks on behalf of the Sunni community, but he has lost support from this component, and there are disagreements and refusal to continue in this position.”

He added, “Al-Halbousi’s fate has become in the hands of the coordination framework, and there may be a presence in the coming days in order to replace him and remove him from the position of Speaker of Parliament, especially after an attempt to fuel sectarianism and promote the so-called absentees.”

And he indicated that “Al-Halbousi, after his influence receded and he felt the unwillingness of the Sunni forces to continue in the position, he went towards simulating the feelings of the masses to obtain support in order to continue in power.”

Almaalomah.me

Does the informant about corruption or theft receive a reward from the state?

Information / special… The legal expert Ali Al-Tamimi clarified the legal procedures that guarantee the rights of the informant about corruption or theft in any other case, pointing out that the state grants a reward of a certain percentage to the informant.

Al-Tamimi said in an interview with Al-Maalouma, “In order to encourage those who provide news or information that lead to the recovery of state-owned funds, arrest the perpetrators of crimes, take legal measures against them, and encourage those who provide information in the event of financial and administrative corruption, we note that Law 33 of 2008 was issued.”

He added, “The provisions of this law apply to state and public sector employees, and it also includes those who provide information that leads to the recovery of stolen Iraqi antiquities, as well as news about administrative and financial corruption. This law indicates that the minister or head of an entity not associated with a ministry gives a financial reward to those covered by the provisions of this law, which is Percentages ranging between 3-5% of the value of the recovered money, as these funds are granted after settling the lawsuits and recovering the money, and this law obligates the investigation court or the investigation court to resolve the lawsuit urgently.

And he indicated that “the law indicated that there is a financial reward of up to (500) thousand dinars that is granted quickly by the competent minister in the case of someone who gives information about the existence of these cases, and the law obligated that authority to present the matter to the Council of Ministers to disburse the percentages of the reward, whether on the amount of The crime or the investigative committee that made efforts to resolve the case and refer it to the competent court, and the law required that the investigation of these crimes be strictly confidential in order not to leak information that might affect the case or its course.

Almaalomah.me

Al-Sadr comments on the emergence of a “political Mahdism movement” in Iraq

Shafaq News / The leader of the Sadrist movement, Muqtada al-Sadr, called, on Friday, to boycott a Shiite religious movement in Iraq that claims Mahdism and the Imamate, with a political, economic, social, and hawza cover, stressing that whoever joins this movement among the supporters of the movement “is expelled.”

This came in response to a question addressed to him by a group of students of the practical seminary about this movement, and Al-Sadr replied, “These are cunning and corrupt tyrants who have no inner knowledge except the lowest. Rather, they are students of this world and lovers of money, and they have no luck at all from the hereafter.”

And he added in his statement, speaking of the president and members of this movement, that they “have wreaked havoc … since the time of his father (Muhammad Muhammad Sadiq al-Sadr), and he expelled them and debauched some of them, so it is necessary to boycott them and move away from them,” calling for the competent official authorities to be informed about them.

Al-Sadr continued by saying that “whoever joins them from (the Sadrist movement) is expelled immediately.”

Shafaq.com

Parliamentary demands to hold an emergency meeting to control the exchange rate of the dollar

Information / Baghdad.. Ibtisam al-Hilali, head of the National Producer Parliamentary Bloc, demanded the Economic Council of Ministers to hold an emergency meeting to control the market after the exchange rate of one dollar exceeded,1500 dinars.

Al-Hilali said in a press statement, a copy of which the information received, that “the value of the Iraqi dinar has decreased significantly against the US dollar, and this requires holding an emergency session of the Economic Council of Ministers to take a decision to control the market, given that the exchange rate of one dollar exceeded 1,500 Iraqi dinars.”

“She added, “The rise in the exchange rate of the dollar from its real value caused an increase in the prices of foodstuffs in the Iraqi markets, and this is something that affected the citizens and the owners of daily sustenance.”

And Al-Hilali continued, “Prime Minister Muhammad Shia’a Al-Sudani is required to intervene urgently and form a supreme committee that includes the governor of the Central Bank, the ministers of finance, planning, interior, and trade, and to open an investigation with private banks and merchants to find out the parties behind the high exchange rates.”

Almaalomah.me

Mechanism of the Central Bank of Iraq to counter currency smuggling

The Central Bank of Iraq operates with a new mechanism that coincides with the directions of Prime Minister Muhammad Shia’ al-Sudani to start following auditing methods and a new “Swift” transfer system in a manner similar to the global system and international standards to reduce manipulation and corruption, which requires accurate details of foreign transfers. Which led to the return of many remittances, and local banks reduced the purchase of large amounts of dollars due to these severe measures.

The new mechanism adopted by the Central Bank of Iraq brings about this rise in exchange rates and in the buying and selling operations that have taken place in recent days in exchange shops, as according to the meeting of the Central Bank’s management on 12-15-2022, Board of Directors Resolution No. 192 of 2022, with the signature of the bank’s governor Central Bank Mustafa Ghaleb is frightening, as the Central Bank of Iraq will sell the dollar to the bank for the purposes of documentary credits at an amount of 1455 dinars to the dollar instead of 1460, that this mechanism aims to reduce corruption such as currency smuggling and money laundering, as the process of building an electronic platform requires more time to achieve financial stability that The new government is looking forward to it.

The Governor of the Central Bank, Mustafa Ghaleb Makhaif, confirmed that, in cooperation with officials in the US Treasury for Terrorism and Financial Crimes Affairs, work has been done to implement international standards for combating money laundering and terrorist financing and the Central Bank’s commitment to them, and in the same context to reduce fraud and corruption, as the Central Bank began building the platform months ago. In coordination with international bodies for the purpose of tightening and regulating the operations of the foreign currency buying and selling window, ensuring effective control over it, and working to stabilize it in the near future, as a specialized international company has been commissioned to build it and link banks with the central bank through it, and that the platform requires providing information about customers requesting transfers and entities. The beneficiary and correspondent banks.

According to official sources at the Central Bank, the central bank’s reserves and the state’s financial solvency in general are in excellent condition and at their best levels in decades, and that the current supply of foreign currency is not linked to resources, but rather to administrative and audit procedures, which will be bypassed in the coming days.
The Central Bank has taken a number of measures to expand the supply of foreign exchange to meet the public’s demand for cash dollars, and the management of the window has been directed to meet the demands of banks for the coming days faster by executing double requests, and a preferential price has been given to implement documentary credits for the purpose of covering domestic demand.

Some economists emphasized that among the important measures of the Central Bank of Iraq is preventing several banks from entering the currency sale auction after warnings from the US Treasury Department, which was reflected in the decline in the volume of the dollar sold in the currency sale auction, and the banks are private Iraqis from the currency sale auction (Al-Ansari, Al-Sharq Al-Awsat , Al-Qabid, and Asia) accused of smuggling currency. And it acquired nearly 40% of the central bank’s sales of the dollar, which tightened the procedures around private banks for Iraqi funds before they bought the dollar so that they would be safe from the new central bank procedures, which was reflected in the fluctuation of the exchange rate of the dollar on the black market to the disruption of the country’s commercial movement. But it is temporary, and the coming period will witness stability in the exchange rate, but it depends on the success of these measures to eliminate financial and administrative corruption.

There are many aspects of corruption, including the speculations waged by currency dealers, from which they obtain huge amounts of money without the presence of any accountant or censor. The government campaign against corruption has made many owners of illegal funds rush to try to get their money out of Iraq quickly to avoid anti-corruption measures, which has caused This imbalance in prices, as the scale of corruption has reached such that several countries neighboring Iraq are suffering from difficulties in obtaining dollars, tending to buy dollars from Iraq and smuggle them through the uncontrolled border crossings.

It is the duty of all dealers, including investors and merchants, to cooperate with banks and the central bank by working in accordance with the commercial contexts in force globally, and importing under documentary credits, as it provides a guarantee for the importer, preserves his rights, secures the imported goods, and enables him to benefit from banking facilities to cover the value of the credit. To prevent commercial fraud and smuggling, to develop investment in Iraq in a way that serves the citizen and the economy.

In conclusion, the measures taken by the Sudanese government and the management of the Central Bank, to activate the control tools according to international standards, and that the rise will not last long, but it imposes a new situation that gives hope in the coming periods, and the government stresses to all dealers, including investors and merchants, the need to cooperate with banks and the Central Bank, Where the government affirms its commitment to maintaining the stability of the local market, by supporting the stability of the exchange rate of the dollar against the Iraqi dinar, and it supports the steps of the Central Bank, for better stability of exchange rates, and the most important thing is to control the exchange companies and the parallel market until it becomes clear who is working to buy the dollar from the outlets Unofficial, and being able to track the banks involved in removing the dollar from Iraq without investing it in goods or services inside Iraq.

Rawabetcenter.com

A parliamentarian gives the central bank a week to confront the “corruption” of the currency sale auction

Shafaq News / The representative of the “National Bond” bloc, Aziz Sharif Al-Mayahi, called on the Central Bank of Iraq, on Tuesday, to show its measures to reduce cases of “corruption” in the file of selling remittances to private banks, pointing to the clear rise in the prices of food commodities and medicines. in the local market.

In a press statement received by Shafaq News Agency, Al-Mayahi stressed the need to find urgent alternative ways to control the exchange rate, warning of parliamentary measures within a maximum period of a week in the event of continued confusion and indifference in the work of the Central Bank.

Al-Mayahi said in his statement, “The central bank’s selling price for transfers to banks is 1460 dinars, but those banks sell those transfers for 1533 dinars, with a profit margin of up to 73 points per transfer, meaning a profit of 70 million Iraqi dinars per million dollars,” noting that “this Obscene profit and obvious corruption were the victim of the simple citizen through the high prices of food commodities, medicine and the rest of the basic life necessities, and it does not go to the state treasury, but to the pockets of the influential.

Al-Mayahi added, “The Central Bank’s continued observance and silence of this corruption and waste of public money, although it is an important part of its duties, puts it in a position of responsibility before the legislative authority as a supervisor, and makes us obligated to give the Central Bank and its management a week to address this confusion before going to other options within the dome of parliament.” To defend the money of the Iraqi people and the wealth of the country.

Al-Mayahi called on the Integrity Commission and the oversight committees to take “urgent and immediate action to stop what is happening in the auction of selling the chaos, which was paid for by the poor classes of citizens, and to take the most severe measures against the price manipulators.”

Al-Mayahi also called on the Prime Minister to “open the file of the currency auction, the exchange rate and the state of chaos in the markets within the agenda of the next cabinet session and to take immediate and urgent measures to address this file, which has become an unacceptable door of corruption and waste of public money.”

Shafaq.com

Al-Sudani subjects Iraqi government officials to evaluation: work or dismissal

On Monday evening, Iraqi Prime Minister Muhammad Shia al-Sudani gave all his government officials a specific period to evaluate their work, vowing to dismiss those who fail to do so during this period.

Al-Sudani presided over an extraordinary session of the Council of Ministers, which witnessed the approval of the government program and a unanimous vote on it by the members of the Council.

Al-Sudani stressed during the meeting that the government program represents the future vision of the government and translates the plans and programs of the ministries that it intends to implement for the next stage. According to a statement by his media office.

He added that the government’s work will be evaluated in light of its planned government program, and the evaluation will include ministers, agents, governors, advisors and general managers, according to specific timings.

He gave the general managers three months, starting tomorrow, Tuesday, after which their performance will be evaluated according to what has been implemented on the basis of the government program.

While ministers, undersecretaries, governors and advisors will be given six months, after which their work will be evaluated in light of the implementation of the government program and their commitment to its main axes and priorities, according to the statement.

The special session witnessed extensive discussions regarding the mechanisms for implementing the government program, and affirmation of commitment to it by ministers and advanced cadres in all ministries and agencies.

The government program, which was voted on by the Council of Ministers in its extraordinary session, includes “the completion of lagging hospital projects (Basra with 400 beds, Maysan with 400 beds, and Anbar with 200 beds), and the construction of 2,000 to 5,000 schools within the Iraq Fund for Development – ​​Education Sector,” according to the Iraqi News Agency. “conscious”.

According to the agency, it also includes “distributing 500,000 housing units with soft loans, establishing new residential cities with full services, as well as opening six major hospitals in the governorates (Babylon, Najaf, Dhi Qar, Karbala, Maysan, Basra, and Tikrit).”

The program also includes “launching the fourth license to establish a national telecommunications company, which will undertake to improve the service and reduce its prices,” according to the agency, which indicated that it also includes “urgently starting an integrated project to remove traffic jams in Baghdad by building tunnels, bridges, and rehabilitating highways.”

It also contains “improving and raising the items of the food basket, increasing the number of people covered by the social welfare network and increasing the subsidy rate, in addition to increasing loans to support small projects by increasing the fund’s capital four times over the current amounts.”

It also seeks to “carry out a large and urgent campaign to maintain the electric power production stations (the completion of new stations, the installation of mobile stations, the completion of solar energy projects),” according to the same source.

What the Council of Ministers approved on Monday is a detailed government action program, while the House of Representatives voted last October 27 in favor of broad lines for the government program and granting confidence to the Sudanese government.

Al-Sudani formed his government commissioned by the “Coordination Framework”, an alliance of Shiite forces close to Iran, which managed to push the leader of the Sadrist movement, Muqtada al-Sadr, to stop his attempts to form a “national majority government” and withdraw from parliament last June.

With the formation of the government, Iraq will have moved to a new stage after two political and security crises that lasted more than a year after the October 2021 elections, and the country witnessed tensions that amounted to an armed clash in the capital, Baghdad, between militants affiliated with the Sadrist movement on the one hand, and the security forces and fighters from armed factions allied to Iran on the other.

Rawabetcenter.com

Head of the Integrity Commission: Large corruption files will be announced soon

Monday, the head of the Federal Integrity Commission, Haider Hanoun, revealed large corruption files that will be announced soon, while he indicated that delaying procedures against the corrupt is part of corruption.

“We must demonstrate against corruption in the family before we demonstrate against institutions,” Hanoun said in his speech during the launch of the annual Integrity Week on the occasion of the International Anti-Corruption Day, stressing that “the spread of corruption among individuals must be prevented.”

He added, “The people have the main role in combating corruption, and we are tools in their hands. We must invest in the sincere intentions of the judiciary, which is the safety valve.”

Hanoun continued, “We found a clear vision from the prime minister to combat corruption and prevent its spread, and that the Integrity Commission is the main tool for combating corruption.”

And he indicated that “the media has an important role in exposing many corruption files, and from now on it must address previous failures and appear with a new face,” stressing that “delaying procedures against the corrupt is part of corruption.”

He stressed that “we have many corruption files and we will announce them soon, and that the Supreme Commission for Combating Corruption is an important and effective part,” adding, “We will wage a comprehensive war against corruption and it will be greater than the war on terrorism.”

Burathanews.com