Al-Sadr proposes 6 points regarding the dollar exchange rate

Today, the leader of the Sadrist movement, Muqtada al-Sadr, proposed 6 points regarding the dollar exchange rate.

Al-Sadr said in a document obtained by (the Fourth): “With regard to the exchange rate of the dollar, we propose some proposals in order for this not to continue:

First: To stop the smuggling of currency, forcefully and firmly, as well as forged invoices.

Second: Looking into the matter of some banks such as the Middle East Bank Al-Qaleb and Al-Ansari belonging to some people who control the currency and some other private banks

Third: Immediately summoning the director of the Central Bank under the dome of Parliament

Fourth: Immediately summoning the Minister of Finance under the dome of Parliament

Fifth: Regulating the Iraqi currency market centrally and in a correct manner and by enacting some laws that increase the value of The Iraqi dinar exchange rate

Sixth: Dealing firmly with some banks belonging to some of the parties controlling the country and the people.

Alrabiaa.tv

Al-Kazemi’s advisor: It is time to address the side effects of changing the exchange rate

Baghdad – Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Thursday, that the time has come to address the side effects of the exchange rate change and its effects on income, while warning of a double financial slope related to unemployment.

Saleh said, “The time has come for fiscal policy to play its active and important role in addressing the side effects that resulted from the exchange rate change and its effects on income, especially the negative impact of the poor and low-income classes by price failures without compensation.”

He added, “Usually, the transitional effects of the exchange rate depreciation on monetary income correspond to positive fiscal policies with influential social and economic effects within the income range, i.e. creating counter-price effects that generate positive or real income effects that help stabilize the standard of living for the low-income social classes.”

He added, “This aspect is directly related to the importance of reducing customs taxes in a tangible way on imported foodstuffs, medicines and local production supplies, as well as restructuring government support for goods and services that directly affect the poor social classes.”

He pointed out that “the most important thing is to start adopting employment policies for the unemployed and expanding the cash income space with additional and exceptional measures that lead to the employment of the unemployed in a tangible and comprehensive manner and creating sources of cash income that increase the welfare of society.”

He continued, “Unemployment today is one of the most serious economic and social scourges in our country and becomes more dangerous when accompanied by price developments that lead to an erosion of cash income or the purchasing power of family income sources, and it is a double financial slope that must be avoided.”

Earlier, the leader of the Sadrist movement, Muqtada al-Sadr, presented today, Thursday, six proposals regarding the dollar exchange rate.

In a statement, Mr. Al-Sadr said, “With regard to the dollar exchange rate, we propose some proposals in order for this not to continue:

1- To stop the smuggling of currency, forcefully and firmly, as well as forged invoices.

2- To look into the matter of some banks such as the Middle East Bank, Al-Qaqid and Al-Ansari that belong to each other . Persons controlling the currency and some other private banks

3- Immediately summoning the director of the Central Bank under the dome of Parliament

4- Summoning the Minister of Finance under the parliament immediately

5- Regulating the Iraqi currency market centrally and in a correct manner and by enacting some laws that increase the value of the Iraqi dinar exchange rate

6- Dealing firmly with some banks belonging to some of the parties that control the country and the people .

Mawazin.net

Economist: The Decision To Reduce The Dollar Exchange Rate Is In The Hands Of The Central Bank Only

Earth News / The economic expert, Hammam Al-Shamaa, confirmed today, Thursday, that the decision to reduce the dollar exchange rate is exclusively in the hands of the Central Bank of Iraq according to the law, and no one is allowed to act on it.

Al-Shammaa said in an interview with Earth News, “The decision to reduce the dollar exchange rate in the local markets is exclusively in the hands of the Central Bank of Iraq, according to the law, and no one may act on it without a decision from the bank.”

He added, “On the other hand, the tweet of the leader of the Sadrist movement, Muqtada al-Sadr, does not mean a return to the old price, as it is not permissible to reduce the exchange rate at the expense of the poor, as exchange rates must maintain their balance so that everyone maintains their standard of living without being hurt by the rise or decline.”

And the economic expert continued, “What happened in the process of changing the exchange rate neglected the consequences of the change for low-income people and the levels of the general Iraqi people, and the government did not take adequate measures to compensate the poor for the poor living conditions they suffered as a result of the high prices of imported and local materials at rates up to 25%, and this is heavier their shoulders.”

He continued, “Therefore, I think that Al-Sadr respects the laws and the powers of the Central Bank and estimates that returning the exchange rates to its previous era will lead to major economic problems.”

Earthiq.news

Al-Sadr demands that the Iraqis be spared the damages of interest accruing from the high exchange rates of the dollar

Shafaq News / The leader of the Sadrist movement, Muqtada al-Sadr, demanded, on Wednesday, that Iraqis be spared the interest damages gained from the rise in dollar exchange rates in the country.

Al-Sadr wrote in his Twitter post, “The rise in the dollar exchange rate, and the benefits and damages that it entails, should not at all cause a rise in the prices of commodities in the markets, especially the important ones.”

Al-Sadr stressed the need to work through economic security to punish all merchants who seek to do so, and the like, according to the law, especially among the people approaching the month of Ramadan.

Shafaq.com

Iraq Opens 373 Money Recovery Files And Pursues Wanted Persons

The Information/Baghdad… The head of the “Al-Nahrain Network to Support Integrity and Transparency” and member of the “United Nations Convention Against Corruption” coalition, Muhammad Rahim Al-Rubaie, announced, on Wednesday, that Iraq has made progress in filing civil lawsuits to recover funds in some countries that allowed him to do so by opening 373 recovery files. Money and wanted pursuit.

Al-Rubaie said in an interview seen by / the information /, that “Iraq’s interest in recovering looted assets, which are usually money and convicted or accused persons, began since 2011. A group of Arab countries, which had a significant impact on the interaction of specific mechanisms to open files to recover these funds.”

He added that “the conference held in the capital, Baghdad, allowed Iraq to exchange experiences, and the Ministries of Justice and Foreign Affairs, the Integrity Commission and the Stolen Funds Recovery Fund sought to work seriously for this with international cooperation, signing agreements and concluding protocols with Member States of the United Nations to combat corruption.”

And he indicated that “the matter has revealed its results now that the Integrity Commission and the Fund have opened (373) files to recover money and accused and convicted persons,” describing it as “a good step to implement the chapters of the United Nations Convention against Corruption, especially (Chapter V) of it on the recovery of funds, and Iraq.” Take the necessary measures for the immediate recovery of these properties.”

Al-Rubaie added, “What Iraq needs is for the countries receiving these funds or those on their soil to allow the accused and convicts to make room in the legal system for the affected countries to take legal and judicial measures against them before their judicial authorities,” noting that “some countries allow Iraq to file lawsuits.” Civilian to recover money through its judiciary has made progress and is a good step,” expressing his wishes to recover a lot of money during this year or next.

He stressed, “Iraq’s need for the Stolen Funds Recovery Fund Law in order to seek community involvement in anti-corruption measures. There are international experiences that have allocated a fund to recover funds that focus on infrastructure projects in poor or corruption-affected areas, so that there will be an important step if Iraq does so, This motivates all segments of society to engage in the fight against corruption and reduce it significantly, as well as new legislation that allows victims of corruption to demand these corrupt and thieves of public money to compensate them for the damage they have suffered.” finished/25

Almaalomah.me

KDP nominates KRG’s interior minister for Iraq’s presidency

ERBIL, Kurdistan Region – The Kurdistan Democratic Party (KDP) has nominated the Kurdistan Regional Government’s (KRG) interior minister as its candidate for the Iraqi presidency following Sunday’s ban on the party’s previous candidate, the party’s spokesperson confirmed on Monday.

Iraq’s Federal Supreme Court temporarily suspended the candidacy of KDP’s Hoshyar Zebari for Iraq’s presidency last week following a lawsuit against him. The court ruled on Sunday to ban Zebari from running for the position “for failing to meet the conditions.”
Sunday was the deadline for political parties to field their candidates for the position. Zebari told reporters hours after his removal that his case is politically motivated. He said that the KDP had not fielded any other candidate to replace him.

However, an informed source from the KDP told Rudaw on Monday that the party has nominated the KRG’s interior minister, Reber Ahmed, for the Iraqi presidency. Mahmoud Mohammed, KDP spokesperson, confirmed the KDP’s nomination in a statement shortly after.

Iraq held snap parliamentary elections on October 10. The speaker of parliament was elected last month following a deal between the Kurdistan Region’s ruling KDP, Sadrist bloc and most Sunnis. The deal also stipulates that the KDP will have the position of Iraq’s presidency and the Sadrist movement will choose the prime minister.

According to a long-standing customary agreement, the three main leadership positions in the Iraqi government are divided among Kurds, Shiites, and Sunnis. Kurds get the presidency, Shiites get the premiership, and Sunnis get the parliamentary speaker. Among Kurds, the Patriotic Union of Kurdistan (PUK) has held on to the presidency position since 2005.

PUK leader Bafel Talabani is leading a party delegation in Baghdad to resume campaigning for their candidate, the Iraqi President Barham Salih – who held the position since 2018 when a similar rift between the KDP and PUK took place.

Talabani met with the leaders of the Coordination Framework – a group of political parties affiliated to Iran – on Monday. The Framework has claimed that the elections were rigged and it acts as a rival to the alliance which is led by the Sadrists.

“Political and security issues as well as the steps to form a new government in Iraq were discussed,” read a statement from Talabani’s office regarding the meeting, adding that the leaders emphasised on the formation of a “national consensus government.”

However, the rival alliance has been calling for a national majority government.

PUK and the Framework “reiterated their insistence on the resolution of all issues in a political and peaceful way,” added the statement.

Rudaw.net

Iraqi court removes KDP presidential candidate

The Federal Court held its session in the morning to resolve the corruption case filed against KDP’s presidential candidate Hoshyar Zebari by a number of MPs.

The court decided against Zebari’s nomination for the post, reported state media shortly after the session ended.

Zebari is set to hold a press conference at 3:30 pm and is expected to address the court’s decision.

Zebari on Sunday afternoon said the court’s decision was “unjust and politically motivated,” while reiterating his respect for the Federal Court’s call.

The judiciary last week ruled to temporarily suspend Zebari’s candidacy until his case was resolved. The ruling was made on the grounds that he did not meet the conditions of “good reputation and integrity” required by the constitution.

Zebari was one of the two frontrunners for the presidential race as the Patriotic Union of Kurdistan (PUK) has nominated the incumbent Iraqi President Barham Salih for the position.

During the press conference, Zebari also confirmed that the KDP does not have a potential candidate for the post yet.

The court’s decision comes as the leaders of the two main Kurdish parties are in talks to discuss the Iraqi presidency post, which lies with them, amid rising tensions.

The KDP was expected to hold an advantage over the PUK for the presidency race given their alliance with the Sadrist Movement, the largest parliamentary bloc, led by Muqtada al-Sadr.

Iraq was scheduled to vote in a new president on Monday, but the required quorum of two-thirds attendance of the 329 members of the legislature was not met as the KDP, Sunnis, and Sadrists boycotted the session.

Rudaw.net

Al-Kazemi in Al-Hananah to meet Al-Sadr

Shafaq News / Today, Monday, Prime Minister Mustafa Al-Kazemi intends to visit the leader of the Sadrist movement, Muqtada al-Sadr, at his home in Najaf.

An informed source in Najaf Governorate told Shafaq News Agency that Prime Minister Mustafa Al-Kazemi will visit later today, Al-Hanana area in Najaf to meet with Mr. Muqtada Al-Sadr, without further details.

During the past weeks, the leader of the Sadrist movement, Muqtada al-Sadr, received at his home in Al-Hanana in Najaf, a number of high-ranking political figures, including the President of the Kurdistan Region, Nechirvan Barzani, and the Speaker of the Iraqi Parliament, Muhammad al-Halbousi, the last of which was the visit of Iranian General Ismail Qaani.

The Sadrist bloc topped the October 10 elections, with 73 seats, followed by the Progress Alliance with 37, the State of Law coalition with 33, and the Kurdistan Democratic Party with 31.

Al-Sadr seeks to form a national majority government by excluding some forces from it, led by the State of Law coalition led by former Prime Minister Nuri al-Maliki, unlike the rest of the Shiite forces within the coordination framework that demand a consensual government in which all political forces in Parliament participate, similar to previous sessions.

It is reported that Al-Sadr received, on January 6, Al-Kazemi at his home in Al-Hanana, without issuing any clarification from the two sides about the meeting, but observers believe that Al-Kazemi is seeking new support to win a second term to head the Iraqi government.

Shafaq.com

Saleh: The rise in central bank reserves ensures the stability of the local currency

Mazhar Muhammad Salih, Advisor to the Prime Minister, said today, Monday, that the high reserves of the Central Bank of Iraq of hard currency guarantees the stability of the local currency.

Saleh stressed that the reserves of the Central Bank decreased during the last period against the background of the two health and financial crises, but the monetary policy of the Central Bank, which he described as balanced, was able to restore the reserves by more than 23% at the present time to reach 64 billion dollars, pointing out that the rise in the hard currency gives a positive signal to the economy. Iraqi and gives reassurance of the stability of the Iraqi dinar.

Altaghier.tv

Iraq’s foreign reserves are a treasure in a ruined house..

The size of the official foreign reserve reached the level of 91 trillion Iraqi dinars, a level it has not reached since May 2014, when it reached more than 94 trillion Iraqi dinars.

With the amount of dollar supplied in the local market, Iraq’s retention of high reserves can be compared to a person who hoards gold while he lives in a ruined house and does not have the basic services of life.

Except for the oil sector) with a high rate of GDP, in addition to the high levels of poverty and unemployment, which is evidence of the misuse of state resources and poor planning for the development and diversification of the Iraqi economy.

It was more useful, instead of raising foreign reserves, to work on launching various initiatives that contribute to strengthening the Iraqi economy, working on building infrastructure projects for the country by financing these project, and also working on adopting initiatives that reduce inflation and poverty levels by supporting various basic products that contribute to increasing Inflation rates and reducing the level
of poverty.

The Central Bank should expedite the launch of financing initiatives for real industrial, agricultural and tourism projects and work to launch financing initiatives to support education and increase human capital in addition to launching initiatives to support the poor and destitute classes, and that its goal is to work on building a sustainable economy and work to reduce the level of poverty illiteracy and reduce the level of inflation, and after improving these levels and making them normal, it is then possible to work on increasing foreign reserves and to be proud of their rise.

The rise in reserves is similar to the story of a man who wished that everything he owned would turn into gold, and his wish was fulfilled, which made even food turn into gold, which made him starve to death.

Yesiraq.com