More than a million dollars and gold bars were found in the rubble of the ancient region of Nineveh

The information / Baghdad .. On Friday, the Nineveh Investigation Court announced that it had seized large sums of money and valuable assets that were seized under the rubble of a house in Al-Shahwani area in Mosul for the purpose of handing them over to the Central Bank.

The Media Center of the Supreme Judicial Council stated in a statement received by the information, that “the court announced that an amount of one million six hundred thousand US dollars, gold and silver coins, bullion, and gold collectibles were found in the old“ Al-Shahwani ”area, while one of the excavators was removing the ruins of the old area’s role.

The statement added that “the aforementioned funds and materials were hidden in plastic barrels and nylon bags and were buried three meters deep under the ground.” It is likely that “these funds were used by ISIS gangs to finance their terrorist operations during their retreat to the right side of the Old City.”

He confirmed that “the judge of the Nineveh Investigation Court decided to withhold the seizures in preparation for handing them over to the Central Bank.” Ended 25

Almaalomah.org

Adjustment to the exchange rate

The Central Bank of Iraq explained in a statement, the reason for the decline in the exchange rate of the dollar in the parallel market – especially in February – from the official selling rate after the change of price by the Bank at the end of December 2020, and explained the central decline in what it called the “shock of the domestic market” which needed a period of adjustment to the adjustments that occurred between traders (wholesale, retail, singular) and wholesale settlements with banks, where imports declined to levels severe, and then lower demand for foreign currency.

However, this interpretation, based on the market mechanism, did not take into account the impact of the political space on this mechanism, as the apprehension of many of the public, including many traders and speculators, continued to escalate at other times and decline, according to statements and promises about influencing the central decision and the intention to undo it in favor of slogans, which were employed to win positions, without taking into account the nature of the variable that requires preparing for the flow of foreign investment and establishing an investment climate, led by allied capital of globalization capital in the region, which requires action on several axes.

In order to achieve this trend, the exchange rate did not rise in order to achieve this trend, the exchange rate in the parallel market did not rise, until after the approval of the budget, and to ensure that the relevant authorities are continuing their policy irreversibly, to create a competitive environment that protects the local product from the low prices of goods produced in the countries of geographical neighboring and preparing for monetary stability, encourages foreign capital to enter the Iraqi arena in a secure, legal and stable monetary atmosphere.

But adjusting to the exchange rate will not take its attractive form of investment, except by liberalizing the exchange rate and creating monetary stability in an atmosphere of free exchange and trading to ensure the movement of capital to and from within Iraq, without any effect on the difference in the value of the exchange rate with the other one (currency).

To ensure investment accounts in feasibility studies developed by investors, they are keen in financial feasibility studies to ensure that the price in the parallel market does not change during the life of the project to achieve the feasibility of the establishment of the project, as well as the importance of competitiveness to protect the local product, which is likely to adopt the method of “managed float” in the next step in conjunction with the increase of central reserves, which will contribute to giving more freedom of maneuver to those in charge of monetary policy, and ensuring adjustment to parallel market fluctuations to reach for stability.

Alsabaah.iq

The Board of Trustees organizes a seminar to discuss economic challenges

Baghdad: The Center for Strategic Studies and Research in the Board of Trustees of the Iraqi Media Network organized an open dialogue seminar entitled “The Dinar, the Dollar and the Challenges of the Economy” attended by a number of officials in the monetary and financial departments and a number of advisors and economic experts.

The head of the Board of Trustees of the Iraqi Media Network, Jaafar Al-Wenan, said during the symposium: “The Central Bank’s move has contributed to reducing the financial deficit, but there are groups affected by this rise.”

Alwanan added, “There must be plans to activate the agricultural and industrial sectors with the participation of the citizen,” noting that “the goal of the Iraqi media network is to guide and educate the citizen, especially with regard to exchange rates, the dinar against the rise of the dollar, as it has a major and general impact on citizenship.”

Alsabaah.iq

Parliamentary legal: the exchange rate of the dinar is fixed and the “appeal” does not stop the implementation of the budget

The Parliamentary Legal Committee confirmed on Sunday that the 2021 general budget law cannot be challenged and the dollar exchange rate changed against the Iraqi dinar.

“Some articles and paragraphs of the general budget law can be challenged by the Federal Court, but this appeal will not stop the implementation of the law, but will stop some paragraphs pending consideration and broadcasting of the appeal against those paragraphs,” committee member Salim Hamza told Shafq News.

“The exchange rate of the dollar against the Iraqi dinar is fixed and cannot be challenged, considering that the paragraph is not an addition to the budget law, but is a decision issued by the executive government and the central bank and does not contain any violation of the law or constitution,” he said.

Shafaq.com

The Central Bank of Iraq announces the prices of bullion and gold coins.

The Central Bank of Iraq announced, on Sunday, the prices of gold bullion and coins.

Nasnews.com

The Prime Minister vows to continue ‘anti-corruption measures’: We ask you for patience

The most important thing was mentioned in the speech of the Prime Minister, Mr. Mustafa Al-Kazemi, during laying the foundation stone for the project (FCC) of the Southern Refineries Company to enhance the production capacity of improved gasoline. ..

Prime Minister Mustafa Al-Kazemi announces that the Central Bank’s foreign currency reserves have risen to more than 60 billion dollars, after it was 51.9 billion before the initiation of the reform measures of this government. The increase came as a result of the reform measures taken by the government after many gambled on its failure and failure to continue.

We succeeded in stopping the waste and the great corruption in the notorious Central Bank auction, and we are continuing with our procedures, and we will not stop.
Our anti-corruption measures continue despite the obstacles that some try to put in place, but we will continue without retreat.

We have accomplished many projects in the southern provinces that are deprived due to wars and mismanagement, and we are working with all efforts since we received this government to bring justice to these cities and all regions of Iraq.

We have overcome many challenges and are working to put the country on the right path.

What we ask of our people is patience and a spirit of hope.

Media Office of the Prime Minister

Nasnews.com

Planning announces the allocation of 4 trillion dinars to the provinces

The Minister of Planning, Khaled Battal Al-Najm, announced, on Wednesday, the allocation of 4 trillions to the provinces, while he confirmed the allocations for the development of regions, which are good within the current year’s budget.

The media office of the Minister of Planning stated, in a statement that Al-Ahed News received a copy of, that “Al-Najm chaired an expanded meeting of the governors, in the presence of Kazem Al-Sahlani, secretary of the Supreme Coordination Committee for the provinces.”

Al-Najm affirmed, “The Ministry of Planning’s support for the efforts of local governments to enable them to accomplish their tasks, foremost of which is the implementation of service and investment projects in each governorate.”

He pointed out, “The Ministry has put in place easy and accessible mechanisms to ensure the completion of projects according to their timing, and in a way that contributes to providing services to citizens,” noting that “there are new powers for governors, including the possibility of transfer between the doors, and spending on the development of regions.”

He pointed out, “Establishing important measures that will be announced, to deal with the effects of changing the exchange rate on contractors,” calling on the governors “to focus on continuing projects, especially projects that have witnessed advanced completion rates.”

He added, “The Ministry of Planning will provide the best conditions to assist the provinces in implementing their projects, in accordance with the legal mechanisms.”

For his part, the Secretary of the Supreme Coordinating Committee for the Governorates, Kazem Al-Sahlani, confirmed that “the Ministry of Planning today plays an important and vital role in supporting the efforts of the provinces, indicating that the approval of the budget law in the first quarter of the year will provide a good time space for the governorates, to move forward in the achievement Projects, with the availability of appropriate financial allocations.

According to the statement, the meeting “discussed a number of issues related to the mechanisms for implementing ongoing projects, and the inclusion of new projects within the regions development program for 2021, according to the financial allocations allocated to each governorate.”

The governors emphasized that “the easy measures taken by the Ministry of Planning have contributed to and contribute to creating a state of stability, which will positively affect the implementation of projects.”

Alahadnews.net

Iraq begins a process of financial reform to protect the economy

Baghdad – The Iraqi government announced today, Saturday, the start of a financial reform process that will strengthen and protect the Iraqi economy.

Finance Minister Ali Allawi said in a video clip published by the ministry today, Saturday, on Twitter: “We started with reforms. We have started the process of automation, and reforms related to the currency and the exchange rate, as part of measures aimed at strengthening the Iraqi economy.”

In a new government promise, he added, the citizen will see an improvement in light of the results that will happen, in improving the performance of the state and employees, especially in the operations of citizens.

And he added that the state will transform from a state that complicates and obstructs, to a state that helps and serves, and all this will be done through the process of modernizing devices through responsible and efficient policies.

It is noteworthy that a strong popular opposition is facing the state’s policy of raising the exchange rate of the dollar against the Iraqi dinar by 148 dinars per 100 dollars.

Petra.gov.jo

Joint Statement by the Government of Iraq and the Kingdom of Saudi Arabia

The following statement was issued by the Government of the Republic of Iraq and the Kingdom of Saudi Arabia:

Based on the fraternal and historical ties between the Republic of Iraq and Kingdom of Saudi Arabia and their peoples, and a desire to develop relations on solid foundations, foremost among which are Arab and Islamic brotherhood, the spirit of good neighbourliness and common interests, and in response to an invitation from the Custodian of the Two Holy Mosques King Salman bin Abdulazizz Al Saud, Mustafa Al-Kadhimi, Prime Minister of Iraq, visited the Kingdom of Saudi Arabia on 31 March 2021.
Talks were held between Prime Minister Kadhimi and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince, Deputy Prime Minister and Minister of Defence, which dealt with the prospects for bilateral cooperation between the two brotherly countries and ways to enhance relations in all fields.

Views were also exchanged on issues of concern to the two countries, on regional and international affairs to support and strengthen security and stability in the region and world.

The two sides praised the results of the virtual meeting that took place between the Prime Minister of Iraq and the Custodian of the Two Holy Mosques on 25 March 2021, and the two sides emphasized the importance of the issues discussed especially with regard to strengthening relations between Iraq and Saudi Arabia, and enhancing the work of the Iraqi-Saudi Coordination Council.

They stressed their determination to reinforce cooperation and coordination between the two countries in a way that serves common interests in political, security, military, commercial, investment and tourism fields.

They praised the achievements of the Iraqi-Saudi Coordination Council and urged their relevant ministries and government bodies to follow up the implementation of the various agreements and memoranda of understanding signed between the two countries to strengthen relations, address common challenges and build on the positive results of previous mutual visits between officials of the two countries.

They also stressed the importance of continuing cooperation and coordination in facing the threats of extremism and terrorism, which are a threat to the region and the world, through sharing expertise and experiences between the security bodies of the two countries, increased cooperation to secure the Iraq-Saudi border and to continue supporting the efforts of Iraq in cooperation with the international coalition to confront the remnants of the Daesh terrorist organisation.

The two sides agreed on the following:

1. Establishing a $3 billion joint Iraqi-Saudi fund, as a contribution from the Kingdom of Saudi Arabia to promote investment in the economy of the Republic of Iraq, for the benefit of the Saudi and Iraqi economies, with participation of the private sector in both countries.

2. Cooperation in the fields of energy and renewable energy and implementing the Iraqi-Saudi Coordination Council’s joint action plan to continue cooperation in the oil sector, within the scope of work of the Organization of Petroleum Exporting Countries (OPEC) and commitment to the OPEC+ agreement to ensure the stability of the global oil market.

3. Completion of the GCCI electrical interconnection project due to its importance for both countries.

4. Enhancing coordination in mutual diplomatic support within the framework of multilateral diplomacy.

5. Enhancing investment opportunities for Saudi companies and inviting them to expand their activities and reconstruction efforts in Iraq.

The Republic of Iraq appreciated the participation, pledges and contributions of the Kingdom of Saudi Arabia in the Kuwait Conference for the Reconstruction of Iraq, which was held on 12-14 February 2018. Iraq also appreciated the support of Saudi Arabia to help combat the Coronavirus pandemic.

Iraq also commended the announcement by Crown Prince Mohammed bin Salman Al Saud on the Saudi Green Initiative and the Green Middle East Initiative to protect the environment and reduce carbon emissions, and Iraq will work with the Kingdom of Saudi Arabia to support the goals of these initiatives.

The bilateral agreements signed by the two sides included:

…an agreement to avoid double taxation, an agreement to cooperate in the fields of economic diversification and private sector development, a cooperation agreement between the Saudi Contractors Authority and the Iraqi Contractors Union to support the reconstruction of Iraq, and an agreement for financing Saudi exports to Iraq.

Two memoranda of understanding were also signed between the Iraqi Media Network and the Saudi Broadcasting Authority, and between the King Abdulaziz Foundation for Research and Archives and the Iraqi National Library and Archive.

On regional issues, the two sides agreed to intensify cooperation and coordination on the issues of concern in regional and international affairs and to deescalate tensions to support and strengthen the security and stability of the region. The two sides stressed the importance of security and stability in the region, and urged all neighbouring countries to adhere to the spirit of good neighbourliness and non-interference in the domestic affairs of countries. Prime Minister Kadhimi affirmed his support for the initiative of the Kingdom of Saudi Arabia to end the Yemen crisis.

Prime Minister Kadhimi expressed his thanks and appreciation to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saudi, to His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz, the Deputy Prime Minister and Minister of Defence, and to the Government of Saudi Arabia for their warm reception of the Iraqi delegation and their hospitality.

Gds.gov.iq

A deputy calls for an emergency session and sends a warning to the governor of the Central Bank

MP for the Badr Parliamentary Bloc Uday Shaalan Abu Al-Joun called the Presidency of the House of Representatives to set an urgent date for an emergency session in the presence of the Governor of the Central Bank to find out the repercussions of high market prices due to the insistence not to reduce the exchange rate, warning against interrogating the governor The Central Bank, as a prelude to his dismissal, in case it sticks to its positions that are not in the interest of Iraq and its people.

Abu Al-Jun said in an interview with Alsumaria News, “The Al-Fateh Alliance in general and the Badr Bloc, especially when it participated in the voting session on the budget, despite its reservations on many of its articles, especially with regard to the exchange rate of the dollar against the dinar, it was a matter of paying the greatest damage in order not to say that we obstruct Passing the budget that the Iraqi people have been waiting for so long.

Abu Al-Joun added, “Today, after the budget has passed, this matter does not mean that the exchange rate has become a thing of the past and will not be reduced. Rather, we will work continuously to pressure the executive authority and the Central Bank to reduce it and take immediate measures to address the economic crisis and the rise in prices in the market,” pointing out that “” And within the first steps, the Presidency of the House of Representatives is required to hold an emergency session as soon as possible in the presence of the governor of the Central Bank devoted to discussing the exchange rate and the reasons for the central bank’s insistence not to reduce it.

Alsumaria.tv