Al-Zayadi – The Framework Is Determined To Reduce The Price Of The Dollar

The Information / Baghdad… The representative of the State of Law coalition, Muhammad Al-Ziyadi, confirmed, on Sunday, that the coordination framework is determined to reduce the exchange rate of the dollar in the event that he participates in the political process, pointing out that reducing the price will be one of the conditions for voting on the Prime Minister for the next government.

Al-Ziyadi told Al-Maalouma, “The coordination framework rejected the rise in the dollar exchange rate against the dinar when voting on the 2021 budget, as this caused great damage to various segments of the people.”

He added, “Whoever was the reason for passing the budget at the current dollar price, today enjoys the majority in Parliament, and it is hoped that the course will be corrected by decreasing the exchange rate.”

And Al-Zayadi, “The coordination framework, and if it is part of the political process, it will set a condition when voting on the prime minister, as the candidate will not pass without obtaining a word from him to reduce the exchange rate, but by going to the opposition, then he cannot set the conditions but demand adjusting the price.

Almaalomah.me

Al-Halbousi And Al-Khanjar Alliance Announces Support For Al-Kazemi To Obtain A Second Term

Earth News / Deputy Mishaan Al-Jubouri, a leader in the “Sovereignty” coalition, revealed today, Tuesday, his coalition’s support for Mustafa Al-Kazemi to obtain a second term.

Al-Jubouri said in a tweet, followed by Earth News, “I and a number of deputies of the (Sovereignty) coalition were alongside the leader of the coalition, Khamis Al-Khanjar, when receiving Prime Minister Mustafa Al-Kazemi and his office leaders.”

He added, “I can confirm that the (Sovereignty) coalition will support President Mustafa Al-Kazemi’s assumption of a second term if he is assigned by the Sadrist movement to form the new government.”

The head of the Sovereignty Alliance, Khamis Al-Khanjar, received in his office in Baghdad, yesterday, Monday, Prime Minister Mustafa Al-Kazemi.

Earthiq.news

The Iraqi parliament will include the selection of the President of the Republic in Monday session.

Shafaq News / On Sunday, the Iraqi parliament included the agenda of its session scheduled for tomorrow, the paragraph of choosing a president of the country.
The Council’s media department published the agenda of Monday’s session, and Shafak News Agency obtained a copy of it, which witnessed the setting of the session’s date at 12 noon.

The session’s agenda also included the swearing-in of a number of new deputies.
This comes at a time when the Federal Supreme Court of Iraq issued a state order to stop the candidacy of Hoshyar Zebari for the post of President of the Republic.

Legal experts considered that the Iraqi parliament’s session dedicated to electing the new president has become “suspended” as a result of the recent Federal Court decision regarding the nomination of Hoshyar Zebari.

Shafaq.com

There is no change in the dollar exchange rate, CBI affirms

Baghdad – The Deputy Governor of the Central Bank of Iraq-CBI, Ammar Hamad Khalaf, confirmed that there is no change in the dollar exchange rate, indicating that monetary policy is exclusively within his jurisdiction.

Khalaf said in a statement to Al-Sabah official newspaper, which followed by The Iraqi News Agency (INA), that “The rise in oil prices led to an increase in foreign reserves, and a significant growth of foreign currency was recorded last year 2021, and the current year, as this growth is unprecedented compared to previous years.”

This growth has been achieved through CBI’s diversified investments and its management in line with international best practice monetary policy away from risk, Khalaf added.
He also revealed the imminence of granting very soft loans to all citizens in order to provide decent housing for all.

Ina.iq

A deputy directs 4 questions to Al-Kazemi regarding the exchange rate and the financial abundance achieved.

Baghdad – Mawazine News: Member of Parliament Hadi Al-Salami directed a set of questions to the caretaker Prime Minister, Mustafa Al-Kazemi, related to the dollar exchange rate, and the financial differences resulting from the rise in oil in global markets.

The four questions also included, according to a document published by the deputy today, Friday, and obtained by Mawazine News, an inquiry about the government’s failure to submit the supplementary budget for the financial abundance achieved in 2021, and the failure to send the 2022 budget bill on time. Ended 29/A 4

Mawazin.net

The Federal Court decides to stop the procedures for Zebari’s nomination for the Presidency of the Republic

{Political: Al Furat News} The Federal Supreme Court decided to stop the nomination procedures for the leader of the Kurdistan Democratic Party, Hoshyar Zebari, for the presidency.

Today, the court held its deliberative session on the state order regarding the nomination of Zebari for the presidential post.

A document revealed an investigation by the judiciary, accusing Zebari of a case of disbursing money in violation of the law, according to a document issued by the judiciary.
The document included the {Euphrates News} Agency obtained a copy of it, that Zebari spent more than 3 billion and 771 million dinars as rents for a number of employees and protections of the Ministry of Foreign Affairs during his tenure of the ministry despite the objection of the administrative authorities to the exchange.

The judiciary informed the Federal Supreme Court in the investigation, where he indicated that {Zebari} issued a summons order against him in the case and he did not attend so far.

Alforatnews.iq

The Central Bank of Kuwait allows applications to establish digital banks

Economy News – The Central Bank of Kuwait announced the opening of the door to receive applications for the establishment of new banks that provide their services completely digitally through a general banking license. It also allowed existing banks to form a digital banking unit within the bank without the need for a new license .

The Central Bank has given those wishing to establish this type of bank a deadline to submit their applications, which ends on June 30, indicating that the results of the submitted applications will be announced at the end of this year 2022, according to what was stated on the bank’s website today, Monday .

The Central Bank clarified that this decision comes as part of the bank’s endeavors towards accelerating the digital transformation process at the level of the Central Bank and the banking and financial sector, and a number of steps were announced that would start a new era of digital banking and financial work .

In the context of supporting and enabling financial technology companies (Fintech) , the Central Bank is currently working on updating the regulatory framework for the work of these companies in the areas of payments, microfinance and the experimental regulatory environment .

This came during a virtual meeting entitled “Empowerment and Empowerment” held by the bank today, Monday, during which it shed light on the Central Bank of Kuwait’s digital strategy with the aim of achieving further development in analytical tools and accelerating the digital transformation process .

In a video broadcast by the Central Bank on its website, Muhammad Al-Khamis, Director of the Office Supervision Department at Bank of Kuwait, said:
The Central Bank said that the bank has completed the development of a framework for digital banking “with the aim of stimulating innovation,” noting that this framework allows the provision of digital banking services according to three models of digital banking .

Economy-news.net

Al-Kazemi’s advisor clarifies the most important tasks of the Financial Management Law

Mawazine News – Today, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, revealed the fate of salaries, pensions, and grants, with the delay in approving the general budget for the fiscal year 2022, while clarifying the most important tasks of the Financial Management Law.

Saleh said, “The effective financial management law is one of its first tasks to secure the actual current expenses with an average exchange base of 1/12,” noting that it is “an important mechanism guarantor of payments of a recurring, actual nature, specifically salaries, wages, government grants, pensions and social welfare without stopping, even if the approval of the budget is delayed. “

He added, “The adoption of the Federal General Budget Law for the year 2022 is a fundamental goal in planning economic policy and its essential pillar, as it is linked to the issue of growth in the economy.”

He pointed out that “the budget has an important function, which is to ensure the achievement of a prosperous level of GDP that exceeds the annual population growth, and this can only be achieved by advancing the added or new production capacities approved by the investment budget towards income-generating and employment projects.” Ended 29 / p. 87

Mawazin.net

The Move Towards Collecting Signatures To Change The Exchange Rate

Information / Baghdad.. The deputy of the coordination framework, Ibtisam Al-Hilali, revealed, on Tuesday, the framework’s move to collect parliamentary signatures to restore the dollar exchange rate to its previous rate, surprising at the government’s insistence on maintaining the exchange rate, especially with the recovery of oil markets during the past weeks.

Al-Hilali said in a statement to “The Information”, “The coordination framework is moving towards collecting parliamentary signatures in order to restore the exchange rate of the dollar against the Iraqi dinar or reduce its current price.”

She added that “the framework’s movement in this regard is still continuing until the will of the Iraqi people, who were affected by the high exchange rate of the dollar, is achieved,” noting that “the government raised the exchange rate in order to supplement the 2012 budget, and now it has obtained additional funds due to the high oil price.”

And the representative of the State of Law coalition, Firas Al-Maslmawi, confirmed in a previous statement, that his coalition and a number of members of Parliament within the same direction will not allow the budget to be passed for the current year except after a reduction in the dollar exchange rate against the dinar.

Almaalomah.me

Sovereignty Alliance: Barzani’s initiative will achieve success, and this is its main goal

Shafaq News / The Sovereignty Alliance, led by Khamis al-Khanjar, which includes Sunni political forces, affirmed on Wednesday that the initiative of Kurdish leader Massoud Barzani will achieve success in resolving the political crisis.

The leader of the coalition, Amjad al-Dini, told Shafaq News Agency, “Barzani’s initiative came in order to find a breakthrough for the political crisis that Iraq is witnessing, and we believe that this initiative will meet with success in the near future.”

He revealed that “there will be an expanded meeting of all political forces (Shiite, Sunni, Kurdish), to find a real solution to the political crisis in the near future.”

The leader of the Sovereignty Alliance added, “We believe that the scene will be the closest to the political scene that it was in during 2018, meaning that the political forces will be divided into two parts, then the formation of a new government that includes all political parties.”

Kurdish leader Massoud Barzani launched an initiative on Monday, sending Kurdistan Region President Nechirvan Barzani, Parliament Speaker Muhammad al-Halbousi, and leader of the Sovereignty Alliance Khamis al-Khanjar to Najaf Governorate to meet with the leader of the Sadrist movement Muqtada al-Sadr at his residence in Hananah, in an attempt to resolve the situation and bring the destinations closer. Considering between Al-Sadr and the forces of the coordination framework to move forward in forming the new government.

Shafaq.com