Deputy For The Truthful Calls On The Government And The Governor Of The Central Bank To Reduce The Exchange Rate Of The Dollar

Earth News / The representative of the Al-Sadiqun Bloc, Rafik Al-Salhi, called on the government and the governor of the Central Bank to reduce the exchange rate of the dollar.

Al-Salhi said during a press conference held in the parliament building, which was attended by the Earth News correspondent, that “with the rise in crude oil prices and the growth of oil revenues, the governor of the Central Bank is still insisting on raising the exchange rate of the dollar and restricting citizens, especially those with limited income.”

Al-Salihi added, “We followed with great astonishment during the past days about the central bank’s inability to change the exchange rate of the dollar, and that the decision was taken in consultation with the International Monetary Fund, and we do not know whether the governor of the central bank lives in Iraq or in another country, and he is not aware of the extent of the damage he suffered.” Over the past two years, the simple citizen has witnessed an insane rise in the prices of consumer goods, which added another burden on the shoulders of the poor.

And Al-Salihi indicated that “mortgaging the Iraqi economy with the dictates of the International Monetary Fund represents a dangerous turning point affecting the country’s future.”

Al-Salihi continued that, based on that:
First, we call on the government and the governor of the Central Bank to expedite the reduction of the exchange rate of the dollar to what it was previously, and we affirm that the House of Representatives has the final word, otherwise it is possible to correct the decision by the legislative authority, even if it is necessary to amend the Central Bank Law.

Secondly, the House of Representatives is required to fulfill its moral and constitutional responsibility, work to correct the decision to raise the exchange rate of the dollar, and look at the extent of the injustice and harm that befell millions of the poor and those with no income.

Thirdly, in the event that the governor of the Central Bank does not respond by returning the exchange rate of the dollar to the old rate, we have no choice but to collect parliamentary signatures to interrogate the governor of the Central Bank inside the dome of Parliament.

Earthiq.news

The Iraqi government has a special strategy to open up to the world

Baghdad (IraqiNews.com) – The Iraqi President, Abdul Latif Rashid, said on Tuesday that the Iraqi government has a special strategy to open up to the world and strengthen Baghdad’s relations with other countries, according to a press statement issued by the Iraqi Presidency.

Rashid’s statement took place during his meeting with the delegation of the European Union mission to Iraq, according to the Iraqi News Agency (INA).

The Iraqi President stated that Iraq has close relations with the European Union, stressing the need to strengthen these relations in all areas.

Rashid indicated that Iraq was suffering from several domestic and foreign issues, noting that the situation has now become better, especially in terms of security.

Rashid clarified that his country seeks to strengthen its international relations through openness to the world.

Regarding the government’s program, Rashid explained that it depends on the completion of the infrastructure in various fields related to the needs of the Iraqis.

The Iraqi President also clarified that the government will work to end the outstanding issues between the Kurdistan Region and the federal government.

Rashid said that presenting the real situation in Iraq and showing how it improved will encourage investments and increase private sector projects.

The European delegation expressed its aspiration to strengthen relations with Baghdad in training and advisory fields, in addition to cultural fields.

Iraqinews.com

Leaks from inside the Central Bank of Iraq

* The US Federal Reserve summons the Director General of Banking Control at the Central Bank, and she goes with an interpreter, along with a statement and information on all Iraqi banks.

* The Governor of the Central Bank and the Director General of Investment with the Compliance Department of the Central Bank of Iraq went urgently to Amman to meet a delegation from the US Treasury a week ago, and Iraqi officials were (rebuked) for suspicious transfers in the currency auction over the past year.

* All the talk revolves around what the federal and US treasury audits of currency sales witnessed during the current year (for a daily sale rate of more than $250 million) discovered that many of the transfers were intended to smuggle and launder money.

* The initial decision of the US Treasury was to freeze four banks (the Middle East, the clutch, Al-Ansari, and Asia).

* The current hidden is that there are suspicions of the work of 14 other banks during the past year, the discussion is taking place around it, and the Central Bank is trying to delay or stop the treasury procedures against these banks because depriving other banks in addition to the current four means the collapse of the Iraqi banking system.

* The current sales of the auction, especially (remittances), are fully audited by the federation, and every day a group of remittances is returned, and this is the main reason for the rise in the price of the dollar because the price is linked to the remittance and not to cash. Therefore, the bank’s procedure to increase the exchange companies’ share of the cash remains a helpless and unscientific procedure.

* The most dangerous thing is that there are leaks currently circulating that the US Treasury has given signals to the Central Bank that it will reduce the amount of dollars (cash cash) granted to the Central Bank in the future because it is against the policy of increasing cash cash in the Iraqi market for fear that this cash will reach groups, countries and others … and this will also affect the coming days On the amount of cash in the market and thus will inevitably affect the exchange rate.

* It is clear that the current administration of the Central Bank as a whole (chairman and directors) has become internationally unreliable and its impact will focus on the poor citizen.

* Iraq will pay the price for the options that the leaders of the financial, monetary and economic institutions are subject to partisan quotas away from competence, integrity and transparency.

Iraqi Economists Forum

Burathanews.com

The Central Bank denies that the US Federal Reserve will punish Iraqi banks

Baghdad – The Central Bank of Iraq denied the US Federal Reserve’s intention to punish some Iraqi banks.

An authorized source in the Central Bank of Iraq confirmed to the official news agency, which was followed by Mawazine News, today, Thursday, that “this news, which threatens the reputation of the banking sector and the business sector in Iraq, is untrue.”

The Central Bank of Iraq called on those who transmit the news to exercise caution by transmitting inaccurate information, stressing that all Iraqi banks are in compliance with the laws and instructions issued by the Central Bank, especially those related to combating money laundering and terrorist financing.

Mawazin.net

Al-Sudani and the International Monetary are discussing reforming the Iraqi banking system and efforts to combat corruption

Al Furat News – Prime Minister Muhammad Shia Al-Sudani received, yesterday, Wednesday, the delegation of the International Monetary Fund, headed by the Resident Representative of the Fund in Iraq, Mr. Ghazi Shbeikat.

Al-Sudani stressed during the meeting, according to a statement issued by his office today, Thursday, “the importance of strengthening aspects of joint cooperation between Iraq and the Fund’s development programs, and supporting the path of empowering the Iraqi economy.”

“The IMF’s support for the economic reform approach adopted by the government was also discussed, as well as cooperation in the field of reforming and developing the Iraqi banking system, and supporting Iraq’s efforts to combat corruption,” the statement added.

Alforatnews.iq

Association of Banks: Central Bank measures will return dollar prices to their rates quickly

The Association of Iraqi Private Banks announced on Monday that the measures of the Central Bank to increase the supply of the dollar through its approved outlets will lead to the return of exchange rates to their rates quickly.

“Economic and political conditions and their repercussions negatively affect the stability of the monetary system and the financial system, and therefore this will lead to economic instability and market confusion,” ASEAN adviser Samir Al-Nusairi said in a statement.

Al-Nusairi added, “Several days ago, a new wave of criticism began from some media outlets affected by the rumors launched and driven by speculators in the currency exchange market in order to create confusion and instability and try to drag the monetary market into instability and thwart the Central Bank’s plans to control the target rates of the exchange rate, which has

He pointed out that “speculators took advantage of the decline in dollar sales in the window of selling foreign currency, which was explained by the Central Bank in a statement last week that the reason is the application of a new electronic platform to control external transfer similar to the platform of letters of guarantee currently implemented,” pointing out that “given the insufficient readiness of local banks with the start

He stressed that “another rumor is that the Central Bank will make a new change to the current price,” explaining that “the Central Bank has repeatedly announced that there is no intention to change the price at the moment and explained the negative effects of any change in price on the national economy, trade exchanges and local and foreign banking transactions with the countries of the world.”

He continued, “The exchange rate is determined by the Central Bank according to the effects and repercussions of the economic reality in a country like Iraq that suffers from challenges, repercussions, economic and financial crises, structural and systematic imbalance in the management of the economy and money that are not borne by the Central Bank alone because its role is clear, specific and independent, concentrated in stimulating the economy according to the tools and applications of monetary policy, but this is not achieved without joint coordination with fiscal policy and other economic sectors, activating the real economy, diversifying sources of national income and leaving the unilateral economy based on oil as a major resource that constitutes 93–1% of the revenues of the budget and 57.5% of GDP.”

He stressed that “those who criticize the Central Bank should be aware that its measures announced yesterday by increasing the supply of the dollar through its approved outlets and banks will inevitably lead to the return of the price to its target rates inevitably and quickly.”

Economy-news.net

Local money changers stop selling and buying dollars in Iraq

Baghdad – A source said, Wednesday, that the buying and selling of the dollar in the Iraqi local money exchanges has stopped.

The source told Mawazine News, “The local money changers have stopped buying and selling the dollar, due to the instability of the dollar’s exchange rates on the Iraqi Stock Exchange.”

It is noteworthy that the selling prices of the dollar were recorded yesterday, 149,600 dinars per 100 dollars, while the buying prices of the dollar were recorded at 149,500 dinars per 100 dollars.

Today, the selling prices of the dollar were recorded at 150,400 dinars per 100 dollars, while the buying prices of the dollar were recorded at 150,250 dinars per 100 dollars.

Mawazin.net

The judiciary announces the recovery of more than 143 billion dinars from the “theft of the century” amounts

Baghdad – The Supreme Judicial Council announced the recovery of the second batch of stolen tax secretariats.

And the judiciary stated, in a statement that Mawazine News received a copy of, that “the second Karkh Investigation Court, which is specialized in issues of integrity, stated that the second batch of tax secretariat amounts was deposited in an amount of one hundred and thirty-four billion, four hundred and fifty-five million and six hundred thousand dinars in the bank account opened at a bank Al-Rafidain, the main branch.

And she indicated, “The process of recovering the amounts of tax secretariats continues, so that the total amounts recovered are three hundred and seventeen billion, five hundred and thirty-five million, five hundred thirty-six thousand, five hundred and twenty-five dinars.”

Mawazin.net

The Investment Commission: A governmental approach to promote the investment reality in Iraq

Baghdad – Mawazine News… The National Investment Commission confirmed today, Thursday, a government approach to advance the investment reality in Iraq.

The head of the National Investment Commission, Salar Muhammad Amin, said in a statement, “One of the most prominent directions of the commission at the current and near stage is to open up to available local and foreign investments in various sectors and to find out the most prominent causes of reluctance.”

He added that he “meets daily with dozens of investors, businessmen and companies wishing to invest, and learns about the most prominent problems they face, in attempts to overcome these obstacles through direct coordination with the state departments concerned with the investment process.”

He stressed that “the advancement of the investment reality in Iraq is one of the most prominent directions of the government and the commission,” noting that ”

www.mawazin.net

Nour Zuhair Jassim Detained trying to leave Baghdad