An Economist Identifies 3 Repercussions Of Raising The US Interest Rate On Iraq

Information / Baghdad…  Economist Nabil Al-Marsoumi identified the repercussions of the US Federal Reserve’s decision to raise interest rates, warning that Iraq could be affected by the decision regarding the prices of imported goods.

Al-Marsoumi said in a Facebook post that was seen by / the information / that “the US Federal Reserve raised interest rates, by 75 basis points, to a range between 1.50% and 1.75%, in order to return inflation to its target of 2% after it reached last May. to 8.6%, which is the highest in 40 years.

He warned that “the harshest impact will be on Iraq and other developing countries, because the rise in US interests raises the exchange rate of the dollar against most of its currencies, and thus contributes to inflation and the cost of debt financing as much as it is borrowed in dollars. The annual basis is based on the market or (moving) interest in dollars, which the financial markets indicate to rise, such as the interest (Libor), which is the interest of lending and borrowing between banks in dollars in the London market, and even if some loans carry a fixed interest on the loan itself, but they carry a hedging risk margin around the fixed interest. .

He added, “All Iraqi exports are denominated in dollars, and most imports are either in dollars or with a country that manages its currencies fixed against the dollar, or close to stabilization, and therefore the rise of the dollar may benefit the parties that deal with it, including Iraq.”

He cautioned that “Iraq’s investment in dollar-denominated deposits or US bonds will lead to higher returns in the future, with higher US interest rates.” finished/25h

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A Member Of The Framework: We Received Positive Signals From The Remnants Of The Trio, And We Are Waiting To Move Towards The Government

Information/Baghdad.. On Thursday, a member of the coordination framework, Adel Al-Manea, revealed that the framework had received positive signals regarding the upcoming political alliance, indicating that the Kurdistan Democratic Party and the Sovereignty Alliance wanted to join an alliance that would form the government.

Al-Manei said in a statement to “Al-Maalouma”, that “the statements of the leaders of the Sovereignty Alliance regarding proceeding with the formation of the government and speeding up negotiations are positive signs towards the coordination framework.”

He added that “the framework has increased the number of its deputies to more than 140 deputies, and it is originally allied with the forces of the Alliance of Azm, the Kurdistan Union and independent deputies, which increases its share in forming the government.”

Al-Manea pointed out that “the negotiations between the Kurdish parties to resolve the presidency will give the blocs in Baghdad sufficient impetus for the comprehensive agreement to form a consensual government.”

The Sovereignty Alliance entered into an alliance with the Kurdistan Democratic Party and the Sadrist movement, while the alliance collapsed immediately after the resignation of half of its members from Parliament across the movement. finished / 25 d

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A spokesman for the resigned Sadrist bloc: There is no return or participation in the elections

Shafaq News / A spokesman for the “resigned” Sadrist bloc from the Iraqi parliament said Wednesday, that the bloc will not return to the political process, stressing that it will not participate in future elections, “if the situation remains as it is.”

A spokesman for the Sadrist bloc who has resigned from the Iraqi parliament, Representative Haider Al-Haddad Al-Khafaji, said in a Facebook post, “There is no return to a political process based on quotas, there is no agreement with the corrupt.”

Al-Khafaji added, “There will be no participation in elections again if the situation remains as it is. The matter in which you are satisfied has been resolved.”

The leader of the Sadrist movement, Muqtada al-Sadr, held, this evening, Wednesday, a closed meeting with the representatives of the Sadrist bloc who had resigned from Parliament.

The leader of the Sadrist movement told the Sadrist bloc’s deputies during the meeting that “there is no retreat from the resignation and withdrawal from the political process,” and thanked them for “obedience.”

He also addressed the resigned Sadrist bloc, saying, “There is no going back for us with the corrupt. The matter in which the two referendums have been resolved.”

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The dagger is resubmitting the Al-Halbousi chair in the auction and expectations of the collapse of sovereignty

A well-informed political source revealed, on Thursday, the outbreak of a new dispute between the leaders of the Sovereignty Alliance, Khamis al-Khanjar and Muhammad al-Halbousi regarding the next position on political alliances after the Sadrist withdrawal from Parliament.

The source said, “The dispute between Al-Halbousi and Al-Khanjar has returned again after confirming the Sadrist withdrawal from Parliament and his failure to return to it to clarify the position of the parties within the coalition towards the coordination framework.”

He added, “Al-Khanjar hinted, during its recent meetings, that the Presidency of Parliament has become threatened by the amendment, especially after the departure of one of its pillars (the ruler of Al-Zamili) and talk about the nomination of an alternative for him from the coordinating framework.”

The source indicated that “Al-Halbousi is resentful of these statements and pledged to break up the partnership in the event of continuing to talk about his dismissal or replacement within the new political equation.”

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A Representative From Al-Fateh: We Are Waiting For The Formation Of The Government To Pass The 2022 Budget

The Information / Baghdad… The representative of the Al-Fateh Alliance, Suhaila Al-Sultani, explained that the 2022 budget will be passed after the formation of the new government, pointing out that the country’s situation needs to speed up resolving matters, forming the government and passing the budget.

Al-Sultani told Al-Maalouma, “The general budget for 2022 did not witness any parliamentary moves in the past days before the start of the legislative recess for the House of Representatives, as most of the moves were towards passing the Food Security Law.”

She added that “the entirety of the political parties and the House of Representatives are awaiting the formation of the new government, which, after taking power, will witness presenting the budget in order to read and vote on it under the dome of Parliament.”

Al-Sultani indicated, “The current situation cannot be continued, as the country needs to expedite the formation of the government, at a time when the political process witnessed many changes after the resignation of the Sadrist bloc from the House of Representatives.” finished/ 25 n

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The crisis of the value of the Iraqi dinar against the dollar .. Are we facing a breakthrough?

Baghdad/The Obelisk: Speculators are always ready to seize opportunities in the field of stock exchanges, exchange markets and currencies in Iraq today.

Anticipation still prevails in the Iraqi exchange market, despite the sudden improvement in oil prices until it crossed the $95 barrier.

The manipulation of currency exchange rates and the increase in the price of the Iraqi dinar against the dollar had significant negative effects, including raising the prices of materials in absolute, without an increase in salaries. Decision-makers and policy makers in Iraq, to ​​have a role in the half of Iraqi society, especially after the huge financial abundance of hard currency.

Accordingly, we suggest that the exchange rate of the Iraqi dinar against the dollar is 100 thousand Iraqi dinars for 100 US dollars, and I think this is the real fairness to the Iraqi citizen, and give him something of interest, vitality and well-being, because he suffered what he suffered from instability and psychological, social and economic discomfort, today the House of Representatives The Council of Ministers and the President of the Republic are at stake before the will of the Iraqi people. We await decisions from you to solve the Iraqi dinar crisis, and end this crisis before it turns into a purely financial, economic and security crisis that threatens the future of Iraq.

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A Breakthrough In The Crisis Depends On Naming The Largest Bloc And Resolving Differences

The Information/Baghdad… The former deputy of the Al-Fateh Alliance, Walid Al-Sahlani, confirmed that the real problem lies in naming the largest bloc, pointing out that the breakthrough will be after resolving the differences between the alliances and knowing who is the coalition that will go towards forming the government.

Al-Sahlani told Al-Maalouma, “The political blockage will reach in the coming days an end and a breakthrough in order to serve the country and not to maintain the caretaker government led by Mustafa Al-Kazemi, as it is restricted and will not be able to achieve what the people aspire to.

He added that “the real problem lies in forming the largest bloc from which the new prime minister will emerge, as the situation is still disputed over the alliance that will form this bloc.”

And he indicated that “there is anticipation for resolving the crisis inside the Kurdish house after the recent dialogues between the two parties, the Union and the Democratic Party, which is an indication that pushes towards resolving the crisis within the Shiite house and dialogue in order to agree on a unified vision to form the largest bloc.”

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Deputy for the coordination framework, Muhammad Al-Baldawi, expects the launch of the latest initiative to end the blockage

The deputy of the coordination framework, Muhammad al-Baldawi, expected, on Sunday, that the framework would launch a new initiative in order to end the political blockage, indicating that the speech of the leader of the Sadrist movement, Muqtada al-Sadr, caused a major stagnation in the political negotiations.

Al-Baldawi said in a statement to / the information /, that “the atmosphere of the political movement at the present time is still completely stagnant in relation to the tripartite alliance and the coordination framework, especially after the last speech of the leader of the Sadrist movement,” noting that “the movement that is currently taking place in the Salah al-Din resort is between sovereignty, determination and democracy.” Likewise, the Kurdish-Kurdish movement can emerge from it with a new political initiative that would undermine the political crisis.”

He added that “if the coordination framework does not obtain a political consensus, it will seek to obtain a new political agreement that guarantees the rights of all during the next stage by agreeing to form the largest bloc and then agreeing on the specifications of the next prime minister and setting a plan, approach and government program to manage the next stage, even if it does not We participate in the government.”

Al-Baldawi pointed out that “there is a difference between participating in the political process and bearing responsibility, and participating in the government.

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The road to elections and the extension of Al-Kazemi is clear after the collapse of confidence between the conflicting parties

Baghdad / Obelisk: The recent position of the Sadrist movement to withdraw from the political process and call on the Sadrist bloc’s deputies to resign from Parliament has been postponed, a new initiative from Erbil.

But the last Sadrist tactic, did not pay the Triple Alliance so far in a position towards him, on the future of the process of forming a government.

After al-Sadr threatened to remain in the opposition or to withdraw completely from the political process, the visit of the coordination framework delegation headed by the head of the Fatah Alliance Hadi al-Amiri to the Kurdistan region was postponed.

Political activist Hamza Al-Khafaji says that the coordination framework’s visits to Erbil have increased, and we have not seen results to end the political blockage.

Ideas talk about the Sadrist withdrawal, which distances the possibilities of forming a government towards new elections, where the leader of the Sadrist movement hopes to gain more votes.

The political forces were waiting for the initiative of the head of the Kurdistan Democratic Party, Massoud Barzani, the second ally of the leader of the Sadrist movement, Muqtada al-Sadr, in his tripartite alliance that he formed on the twenty-third of last March, and it also included the “sovereignty” alliance led by Khamis al-Khanjar, in the name of the “Salvation” coalition. homeland”.

The political crisis in Iraq has entered its seventh month in a row, since the early legislative elections were held on the tenth of October last year.

And the expert in Iraqi political affairs, Ahmed Al-Sharifi, considered that “the continued lack of confidence between the various parties, and the absence of a guarantor for the implementation of the agreements, would thwart any new initiative.”

Al-Sharifi added that “Iranian mediation failed to resolve the crisis, due to the lack of consideration for the new political reality in Iraq that resulted from the elections, and we do not believe that there is an initiative capable of resolving differences without al-Sadr abdicating the majority government, or the coordinating framework forces relinquishing the consensus government, and from Without that, there are no solutions, near or far.

Al-Sharifi pointed out that “the external factor is still active in the issue of efforts to bring the views of the various parties closer, but he was unable to find solutions with Al-Sadr’s insistence on rejecting all initiatives and adhering to the majority government. The opposition front without participating in the new government.

And the political analyst, Kitab Al-Mizan, believes that matters in the country are moving towards early elections, due to the political blockage, which means that the Al-Kazemi government will remain for the next period.

The writer and academic Fateh Abdel Salam asks about the reasons for the failure of any initiative presented in the context of the political crisis in Iraq?

And more than one observer is wondering about the developments that have taken place since the early elections were held last October .

Abd al-Salam says that local initiatives carry their flaws with them while stillborn because they have always been coercive orthographic interpretations of views. On the other hand, the relevant side, without its owners being aware of the meaning of the initiative, its requirements and flexibility.

He continued: The initiative carries the elements of its failure when it comes from opponents who have no will or decision to change Positions of steps and benefits under the consensual shift from futile sclerosis.

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Member Of The Framework: Political Parties Are Trying To Seize Food Security Funds

Information / special – A member of the State of Law coalition, Ahmed Hamdoun Al-Sufi, confirmed, on Sunday, the existence of political parties that want to steal public money through the Food Security Law, while calling for the formation of committees to monitor the exchange mechanisms.

Al-Sufi said in an interview with the Information Agency, that “the political blockage is in the interest of some of the parties that insisted on passing the Food Security Law in order to continue in the ruling authority and seize the money of the law.”

He continued, “When the Federal Court rejected the Food Security Law, some political parties deliberately directed criticism and accusations to the court, as it applies the law and does not serve their underlying political interests.”

He added that “Parliament circumvented the decision of the Federal Court by passing a law containing huge sums and suspicions of great corruption.”

Noting that “in the coming days, we will witness lawsuits by the deputies of the coordination framework and independents to appeal the suspicious paragraphs.”

And political parties had confirmed in an interview with Al-Information, earlier, that “the law of emergency support for food security cannot be implemented on the ground by the caretaker government headed by Mustafa Al-Kazemi,” noting that “the judiciary will have the final say in this regard.” Law.” Ended / 25 and

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