A deputy specifies a method that would “force” the government to change the exchange rate

A member of the Parliamentary Economic and Investment Committee, MP Mazen Al-Faili, confirmed that the parliament could reject the provision of raising the exchange rate in the budget, while specifying a method that he said would put the government before the option to amend it.

“The dollar exchange rate if it was rejected by most of the political blocs in the House of Representatives, the budget will be returned to the government in order to adjust the exchange rate and it will be forced,” Faily said in a televised interview.

He added, “There is no justification for raising the dollar’s ​​exchange rate with the rise in oil prices to $ 70.”

And a member of the Parliamentary Finance Committee, Jamal Cougar confirmed, on Sunday (07 March 2021), that the political movement is still continuing within the House of Representatives, with the presence of parliamentary signatures submitted to the Parliament in order to restore the exchange rate of the dollar against the dinar or reduce the current price.

Cougar said in a press statement, “The political movement in this regard is still going on, even there are requests for the signatures of a large number of members of Parliament submitted to the Parliament for the sake of the dollar exchange rate.”

He added, “Those signatures remained unchanged, because the Finance Committee and Parliament do not have any authority to amend or return the exchange rate of the dollar,” stressing that “this matter is exclusively within the authority of the Central Bank.”

“It is difficult for the government to go in this direction, because changing the exchange rate or returning it to its previous price needs to be reformulated again,” he said.

Last Thursday, the representative of the Saeron Alliance, Riyad Al-Masoudi, confirmed that the Finance Committee in Parliament said that adjusting the exchange rate of the dollar must be done through a request submitted by Parliament to the Iraqi government.

Al-Masoudi said, in a press statement, that “the monetary policy, fiscal policy and economic policy are set by the Iraqi government in accordance with the Iraqi constitution,” indicating that “the invitation of the First Deputy Speaker of Parliament, Hassan Al-Kaabi, for a parliamentary stand with the aim of reducing the exchange rate of the dollar, came after an intervention by Representative Inam Al-Khuzaie, It came within this context, and the session was not devoted to discussing the budget or the dollar exchange rate. ”

And that “Al-Kaabi stressed the need for the political forces to meet, on the issue of reviewing the exchange rate of the dollar, and this claim cannot be made individually from a deputy or a concerned bloc.”

He added that “there must be a request from the Iraqi Parliament, through the Finance Committee of the Iraqi government, to reconsider the issue of the dollar exchange rate, especially since the Finance Committee has representation from all political forces.” The dollar exchange will submit the request. ”

Earlier, First Deputy Speaker of Parliament, Hassan Al Kaabi, called for a parliamentary pause to return to the previous dollar exchange rate.

Al-Kaabi said, according to an official statement during a session on Wednesday, that “the increase in the exchange rate of the dollar has a negative impact on the lives of the Iraqi citizen, and for economic stability in general.”

He added, “There is a need for a serious and urgent pause for all members of the House of Representatives and the Parliamentary Finance Committee to return to the previous exchange rate.”

In response to the parliamentary calls to amend the exchange rate, Finance Minister Ali Allawi said in a press interview that “the dollar exchange rate is a governmental decision that cannot be changed daily as desired,” indicating that “the markets have accepted the current exchange rate and will give incentives over the coming years to the private sector and strengthen the reserves. His expression.

The increase in the exchange rate caused an increase in the prices of imported goods, while members of the Parliamentary Finance Committee confirmed that raising it to 1,450 dinars against the dollar had harmed citizens twice, first because it reduced the value of their salaries and also because it raised the prices of goods in the market.

Non14.net

Kurdistan bloc joins the supporters of Al-Kazemi dialogue

Shafaq News / The head of the Kurdish Change Bloc in Parliament, Yusuf Muhammad, on Friday described the National Dialogue initiative as a “break of the ice” between the political parties.

Mohammed said in a statement today, that the initiative called by the Prime Minister is very important, especially at this time in which Iraq is suffering from economic and political crises, which coincided with the imminent holding of general elections.

He added that it is important to have a serious, constructive and frank dialogue between the parties and partners in the political process and the various components, in addition to the representatives of the sit-in squares in order to crystallize specific participants regarding the crises and how to get out of them in Iraq.

He indicated that one of the most prominent issues that can be discussed in the dialogue is the regional and international relations of Iraq, reaching common understandings and points regarding the country’s exclusion from these conflicts, crystallization of common ideas regarding how to hold early elections, preserving civil peace and integrity, and emphasizing the removal of weapons from it and from political conflicts.

The head of the Change Bloc added that it is necessary to establish some legal foundations based on the constitution in this dialogue to reach participants, especially in the relationship of the federal government with the region in matters such as oil and gas and the budget, in order to reach the legislation of the oil and gas law and an agreement to normalize the security and administrative conditions in the disputed areas.

Muhammad saw the National Dialogue initiative as a “breaking of the ice” existing between some political parties and representatives of components and finding solutions to some problems related to differences and conflicts, and creating the appropriate atmosphere for early elections.

On Monday (March 8, 2021), Prime Minister Mustafa Al-Kazemi issued a call to opponents of the government, for what he called an “open and frank dialogue” based on the country’s interest, security and sovereignty.

Shafaq.com

The Cabinet Secretariat sends lending mechanisms to the Central Bank of Iraq initiative

Alsumaria News – Today, Thursday, the General Secretariat of the Council of Ministers sent to the Central Bank of Iraq a mechanism for granting loans to projects without interest or reduced interest by making use of the amounts allocated to finance these projects and supervising them with the aim of activating the private sector and facilitating its procedures.

The General Secretariat forCouncil of Ministers In a statement received by Alsumaria News, “The mechanisms stipulated that the Central Bank present a vision about the success of the salary settlement project and overcoming the challenges it faces in coordination with the competent banks, submitting it to the committee concerned with setting up the mechanisms, and studying the reported request in a letter Ministry of Labor And social affairs regarding the request to allocate an amount within the initiative The Central Bank of Iraq to me Labor Fund In the ministry; In order to grant loans to the unemployed registered in the database, as well as to support the owners of creative and innovative projects, from technical and legal aspects, in coordination with the Ministry of Labor and Vocational Training Department, and to present the results of the study within two weeks.

The statement added that “the mechanisms also included a study of the proposal of the advisory body and the notes of the competent banks on the adoption of private banks on par with government banks in the procedures for lending and to submit the necessary proposals regarding it.”

Alsumaria.tv

An economist calls for a speedy end to the differences and preparation for the international turnout

Information / On Tuesday, a researcher in economic affairs, Yahya Al-Haddad, called on the political forces to resolve differences, end conflicts over gains, and move towards urgent elections in preparation for the international turnout on Iraq .

Al-Haddad said, in a statement to the information agency, that “the Pope’s visit to the holy city of Najaf in particular is a recognition of the great role that the reference plays in the security and political axis,” indicating that “it is a victory for the humanitarian role of the Shiite authority in Iraq in particular and the Arab world over Public face ”.

He noted that ” Iraq, after this historic visit of Pope Francis, needs to be fully prepared and open new horizons of political orientations as it is on a new date of international interaction with Iraq in all files, especially the economic file.”

He explained, “The political forces must settle their accounts and put the interest of Iraq above all considerations, because the next stage will witness a boom for investments in Iraq, and this process needs political security before considering any step, which depends on the size of the responsibility that the leaders of Iraq bear at this stage.”

And between, it is “necessary to end all the belongings of early elections and speed up to take place because it is a dangerous weapon threatens all the process of investment in Iraq , ” explaining that “large investment countries in Iraq , do not consider the public interests as much as interested in the security of the region in which they operate and the extent of the ability of the decision Politician to tame that security.

He pointed out that ” Iraq is fertile land, and the visit of the Pope, as the biggest leader of the Christian community, stimulated international business companies and began to talk in the media about large investments that will be presented to the new Iraqi government.”

An Iraqi coalition: The budget is going to be passed by the majority and freely available

Information / Special … A coalition of Iraqis confirmed, on Wednesday, that the budget is going to be passed after the negotiations reached dead ends.

The deputy of the Iraqi coalition, Jasim Al-Bakhati, told Al-Malouma that “the region wants to deliver oil imports for exporting 400,000 barrels from which extraction, transportation and the region’s need for fuel are deducted.”

He added that “what is left of it is not worth anything, especially the prices at which he sells Kurdistan,” noting that “the Ministry of Oil proposed to deliver oil imports for 250 thousand barrels at current approved prices, which was rejected by the Kurds.”

He explained that “the majority is now with the passage of the budget by the majority and is going in this direction and is available and comfortably inside Parliament.”

Almaalomah.com

Al-Karawi: 90 percent of the budget files are settled, and the problem with “Kurdistan” is still present

The information / Baghdad… MP Abd al-Khaliq al-Azzawi confirmed, on Tuesday, that 90% of the budget files have been settled, while indicating that the problem with Kurdistan still exists.

Al-Azzawi said in an interview with “the information”, that “next Monday, two important draft laws will be presented. The first concerns the completion of the vote on the Federal Court Law as it is the most important framework in the course of the upcoming elections, and the second is the budget that represents the most important laws in the country, especially since the Finance Committee handed over the budget.” To preside over the council for more than 20 days after completing the mechanisms of scrutiny and discussions.

Al-Azzawi added, “90% of the budget files are settled, but the problem with the Kurdistan region on the issues of oil and its export and border crossings still exists, pointing out that political consensus is a very important framework in resolving complications, and we hope that discussions in the coming days will reach a framework that leads to consensus in resolving.” Budget file ”.

The budget law is one of the most important laws that define the state’s path in the financial framework and formulate government spending policy in all ministries.

Almaalomah.com

Deputy: The budget is ready for voting, and next Monday’s session will be decisive

Baghdad Today – Baghdad… Today, Wednesday, a member of Parliament, Asaad Al-Morshedy, confirmed that the House of Representatives session set for next Monday to put forward the budget bill for 2021 will be decisive, given that the only victim is the citizen from the delay in passing the budget.

Al-Morshidi said in an interview with (Baghdad Today), “The budget is ready for voting and the parliamentary finances have sent the bill to the Presidency in order to put it to vote next Monday.”

He added that “political differences between Baghdad and Erbil were behind the delay in approving the draft budget, and therefore it is inevitable to pass it in the next parliament session.”

And that “all economic projects are stalled in the country because of the delay in approving the budget, so the Iraqi citizen is the only one affected by what is happening,” stressing that “the dismissal will be said to Parliament regarding the passing of the budget.”

The Speaker of Parliament, Muhammad al-Halbousi, agreed to include the 2021 budget bill on the agenda of the next Monday’s session.

Baghdadtoday.news

Disclosure of a political agreement to pass the oil and gas law

The MP for the Sadikoun Parliamentary Bloc, Fadel Al-Fatlawi, revealed today, Tuesday, a political agreement to pass the oil and gas law.

Al-Fatlawi said in a statement to “Tigris”, that “the political blocs are heading towards passing the oil and gas law after completing the laws of the Federal Supreme Court and the federal budget for 2021,” noting that “the law may be presented inside the parliament during the next week.”

He added that “the law is of great importance in solving the outstanding problems between Baghdad and Erbil and the oil-producing provinces,” noting that “passing it will achieve justice in the distribution of wealth and the revival of poor areas.”

He continued, “The law enjoys great political support in Parliament, and there is a serious intention to settle it and pass it during the current legislative term.”

Dijlah.tv

“Financial battle” next Monday … Baghdad and Erbil: hold on and excluded

Baghdad – NNC… Despite the House of Representatives setting the date for voting on the 2021 budget bill, “political pressure” is still the most prominent player in passing the law or not, especially after the Federal Court Act turned into a “pressure paper” by some political parties, but on the other hand. The State of Law Coalition finds it difficult to pass “suspicious deals” and that the budget will pass by the majority of “number” and not “consensuses”.

The disagreements over the draft budget and the Kurdistan region’s share in it in return for not paying what it owed to the federal government are not a result of the moment, and go back to years ago, but they were evident at the end of last year during the parliament’s vote on the law on financing the fiscal deficit, which was passed without the Kurds voting on it, and about the possibility of re- This experience in the current draft budget, the deputy of the Kurdistan Islamic Union Jamal Cougar says that “it is difficult to pass the budget in next Monday’s session without political consensus with the Kurdish blocs.”
And he adds to the “National News Center” that “there are political parties that have linked the vote on the budget law and the law of the Federal Court,” stressing that “those parties hinted that the Federal Court law would not be passed if the budget was passed in Monday’s session.

On the latest agreements between Baghdad and Erbil, Cougar explains that “we do not have a problem with the government text in the budget law, but the Shiite blocs rejected that text,” adding, “It recently reached a new legal text requiring the receipt of oil imports for 460 thousand barrels.”

For many years, the governments of Baghdad and Erbil have not reached any agreement regarding oil and non-oil revenues, and the central government often demands the regional government to hand over the revenues to the state treasury, but without this being achieved.

Many of the region’s delegations arrived in the capital, Baghdad, with the aim of discussing the agreements between the two parties, and meetings usually take days, the last of which was the delegation that arrived in Baghdad in late January, and stayed in Baghdad for more than 20 days, with the aim of reaching solutions that satisfy all parties regarding the budget.

In addition, the deputy from the State of Law coalition indicated that Alia Nassif said in an interview with the “National News Center” that “the heads of political blocs are embarrassed by the lack of agreement with the region regarding the passing of the budget.”

She added that “it is difficult to pass any suspicious political agreements,” asserting that “we have collected 150 signatures within Parliament to include the Budget Law in the next Monday’s session.”

She pointed out that “passing the budget in Monday’s session will be by a numerical majority and not political consensus, in case it passes.”

Yesterday, the Speaker of the House of Representatives directed that the budget bill be included in next Monday’s session, based on a request submitted by Representative Youssef Al-Kalabi signed by 150 deputies.

The leader of the State of Law coalition, Nuri al-Maliki, said on the current March 6, regarding the 2021 budget bill, that the issue is a rights issue, and the government does not have the right to seize a right for the region or the provinces.

And the budget – to my knowledge – still contains many forms related to the region regarding the amount of oil that must be delivered, and the amount of money that should be given in addition to the previous debts and the debts owed, and I do not think that it will pass, and MPs have informed me of their refusal to pass the budget unless the number of barrels that are proven The region must hand it over.

Confusion was raised about the budget and the Kurdistan region’s share in it, against the background of the arrival of the draft budget law to the House of Representatives from the Council of Ministers, And it was represented that the budget of the region exceeds the budgets of the governorates of the south combined, according to statements by some representatives, as well as the lack of commitment of the region to pay Baghdad’s oil dues and revenues from the border outlets, which formed an objection to consensus to pass them.

Nnciraq.com

The European Union and the World Bank issue a joint statement on the economy of Iraq … and an urgent request

According to the joint statement, “Following the launch of the IECG on October 22, 2020 in London, the Government of Iraq met with its international partners in the Director-level Economic Contact Group on March 2, 2021, to conduct an assessment of the recent reform steps, in order to start identifying Align international support, and map the way forward towards holding a high-level contact group meeting in late spring of 2021. ‘

He explained, “The Iraqi economy has faced multiple shocks that have led to a severe recession and high poverty rates, and that structural obstacles that have accumulated for decades limit the availability of financial reserves to mitigate the social and economic impact on Iraq’s most vulnerable citizens and its commercial projects. As a result, engaging in reforms is the fastest way.” To reverse the course of the situation. ”

The statement added, “Indeed, the long-term success of Iraq is crucial to the stability of the entire region; but the Iraqi economic model based on oil is facing an increasing challenge from a young and growing population that needs to diversify job opportunities, and from an irreversible global trend towards decarbonization and access to a green economy.” .

He continued, “The Iraqi government has taken commendable steps to address immediate and long-term financial and economic challenges by initiating a frank discussion about the requirements for structural reform to address financial imbalances, address critical infrastructure gaps and direct the Iraqi economy towards sustainable and comprehensive development, including gender equality.”

“As partners and friends of Iraq, we have indicated our appreciation for the steps taken recently to move from analysis to implementation, as evidenced by the Cabinet’s approval of the implementation plan for the White Paper, including the governance structure to achieve this goal,” the statement indicated. “.

He called for “expediting the adoption of a reform-oriented Iraqi national budget, given the need for it to provide the necessary means and tools to ensure that Iraq can continue on its reform path towards stability. At the same time, we have been informed of the additional work needed to implement reforms. There is an economic and social cost to delay.” In taking action. ”

“Therefore, it will be necessary now to start urgent implementation based on the identified priorities. The reform agenda must be an integral part of a broad and open dialogue between the government of Iraq, its parliament and its citizens, in order to ensure that the future of Iraq is formulated in a comprehensive manner,” the statement concluded.

Alforatnews.com