Central Bank Governor: Establishing basic rules to monitor the remittance process

The Governor of the Central Bank, Ali Al-Alaq, pointed out today, Thursday, the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

The Media Department of the House of Representatives stated in a statement received by {Al-Furat News}, “The Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, met with the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”

Al-Atwani stressed, “at the beginning of the hosting session, which was held at the committee’s headquarters, the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”

The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.

For his part, the Governor of the Central Bank reviewed the economic and monetary aspects, pointing out the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

Al-Alaq praised “the role played by the Finance Committee in following up on the country’s financial and economic movement.”

The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law.

Alforatnews.iq

Romanowski: The negotiations focus on the American military presence in Iraq… and announce a “tremendous achievement”

The US Ambassador to Iraq, Alina Romanowski, confirmed that her country is “committed to Iraq’s security, stability, and sovereignty.”

Romanowski said, in an article, “American and Iraqi leaders are conducting negotiations regarding the transition of the work of the international coalition, specifically the American military presence.”

She added, “We want the Iraqi security forces to have the necessary capabilities to confront future threats,” and continued, “We need economic, cultural, educational, and popular relations that build a modern Iraq that is stable, secure, sovereign, prosperous, and connected to the world,” stressing that “the United States is still the largest donor and supporter of Iraq.”

Romanowski noted, “Our embassy in Baghdad and our Consulate General in Erbil issue thousands of visas annually to support the travel of Iraqis, reunite them with their families, enroll in universities, conduct research, establish commercial relations, and receive medical treatment.”

She stressed that Washington’s support for “the Central Bank of Iraq in increasing the number of commercial correspondent banking relationships for Iraq is a tremendous achievement for Iraq in normalizing global trade relations and conducting its trade safely using the US dollar.”

She stressed, “We are working to build bridges between the people of the United States and Iraq that will last for many generations.”

Alforatnews.iq

The Oil Committee talks about the latest developments in the oil and gas law legislation

Information / Baghdad… A member of the Parliamentary Oil and Natural Resources Committee, Bassem Ngheimesh, announced today, Thursday, that the relevant committees have resolved all technical issues related to the oil and gas law, but he stressed, “There are political problems that stand in the way of passing the law.”

Ngheimesh told Al-Maalouma, “The technical issues related to the oil and gas law have been resolved, but it suffers from political problems.”

He confirmed, “There was a previous agreement for the state administration coalition to pass the law.”

He explained, “Failure to concede some positions is the main reason behind obstructing the passage of the oil and gas law.”

He added, “The need for this law requires everyone to overcome differences and compromise for the sake of the people’s interest.”

Almaalomah.me

Al-Baldawi: Disagreements are an obstacle to legislating the oil and gas law

Information / Baghdad… Representative Muhammad Al-Baldawi confirmed today, Thursday, that political differences were behind the failure to pass the oil and gas law.
Al-Baldawi told Al-Maalouma, “Approving the oil and gas law requires political consensus from all political forces,” noting that “disagreements regarding the approval of the law still exist and constitute a fundamental factor obstructing its submission to Parliament.”
He added, “The law is still awaiting Baghdad’s understandings .” And Erbil for its legislation, as it was deported several times during previous parliamentary sessions and was not included in parliamentary laws and legislation, due to the lack of a unified vision for its approval.

Almaalomah.me

Parliamentary Finance: We look forward to coordinating with the Central Bank to increase the value of the dinar

Information/Baghdad… Today, the Parliamentary Finance Committee announced its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.

The Media Department of the House of Representatives stated in a statement received by the “Al-Ma’louma” Agency, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to ​​discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”

At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”

The Finance Committee expressed its “aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar and control the market in order to alleviate the burdens of citizens and address the deficit.”

For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing out” the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising “the role played by the Finance Committee in following up on the country’s financial and economic movement.”

Almaalomah.me

The Ministry of Finance is discussing with the Central Bank ways to increase the value of the Iraqi dinar

Shafaq News / Today, Thursday, the Parliamentary Finance Committee discussed with the Central Bank of Iraq monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.

This came in a meeting held by the committee, headed by Atwan Al-Atwani and attended by its members, with the Governor of the Central Bank, Ali Al-Alaq, according to a statement issued by Parliamentary Finance.

At the beginning of the hosting, which was held at the committee’s headquarters, Al-Atwani stressed the importance of following up on the economic file and monetary policy, based on the supervisory aspect, and finding appropriate solutions to the obstacles facing the work of the Central Bank.

The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.

For his part, the Governor of the Central Bank reviewed the economic and monetary aspects, pointing out the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

The statement continued that the committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law.

Shafaq.com

The logic of force imposes itself.. America will not remove its forces from Iraq by peaceful means

Information / Baghdad… The logic of force, or resorting to the language of weapons, represents one of the very available options to expel the American occupier from Iraqi soil, as history imposes itself and repeats its events through what happened before 2011 of jihadist operations and painful strikes by the Islamic resistance against the American occupier and its bases spread throughout the country.

These strikes prompted the American administration at the time to negotiate to withdraw from Iraq, despite Washington having many options that could put pressure on the federal government to ensure the military presence of its forces on Iraqi soil, but popular rejection imposed itself and put dots on the letters of the letter. In order to get rid of the American occupier.

The head of the organizing body of the Belt and Road Popular Movement, Hussein Al-Karaawi, told Al-Maalouma, “Historical facts with the American side confirm that its military forces will not leave Iraq through peaceful and diplomatic means.”

He added, “Its exit from the country in 2011 was preceded by successive strikes and major jihadist action by Islamic resistance factions to ensure their expulsion from the country.”

He pointed out, “America seeks through many ways to remain militarily inside Iraq, despite the presence of ongoing negotiations between the federal government and the American side regarding military withdrawal from Iraqi territory.”

He explained that “Iraq has the ability and potential to protect and secure its lands and preserve them from any risks that may be exposed to them, and it also has the potential to secure the path to development and other economic projects without the need for the presence of any foreign military.”

On the other hand, the representative of the Sadiqoun parliamentary bloc, Muhammad Al-Baldawi, told Al-Maalouma, that “Iraq has the ability to liberate itself from American hegemony over the Iraqi armament file, but this matter requires a strong will, sufficient support and funding for this file, as the government, if it wants Getting rid of American hegemony and moving towards diversifying sources of armament, it must set the necessary budget to import and contract weapons from reputable countries and origins.”

He added, “The armament file requires the formation of a higher committee under the supervision of Prime Minister Muhammad Shiaa al-Sudani in order to set points and priorities to ensure the arming of the security services away from any American restrictions that Washington may impose on Baghdad.”

On the other hand, Ali Al-Zubaidi, a member of the Al-Fatah Alliance, confirmed to Al-Ma’louma that “America has resorted many times to using the dollar bill as a pressure factor on Iraq to achieve Washington’s interests and goals, as Washington controlled the Iraqi financial market by taking measures that caused the price to rise.” The exchange rate of the dollar, despite the government measures taken to limit this rise, the price has exceeded 150 thousand for every 100 dollars.”

He continued, “America is still using this card against Iraq because of its great influence on the country’s internal situation, as America considers itself an occupying country of Iraq, especially in the economic and military fields.”

Almaalomah.me

Al-Rafidain announces linking its branches at border crossings to the comprehensive banking system

Al-Rafidain Bank announced today, Tuesday, linking its branches at border crossings to the comprehensive banking system.

A statement from the bank’s media office received by {Al-Furat News} stated that, “In line with the requirements for implementing the government program and in compliance with the directives of the Minister of Finance, Taif Sami, in simplifying the procedures and steps for moving from paper to electronic transactions, and with direct follow-up by the Director General of the Rafidain Bank, the bank announces the linking of its branches at the border crossings.” (Zarbatia – Safwan – Arar – Trebil) in the comprehensive banking system.

He added, “The importance of this step comes within a series of measures that the bank will take to support the objectives of the government program and the procedures of the Ministry of Finance and the Customs Authority in automating customs work, facilitating the work of customs brokers and traders, adopting modern methods and systems, speed and transparency, and using advanced electronic programs in accordance with international standards in updating the work strategy at border crossings.” And maximizing the state’s non-oil resources.”

Alforatnews.iq

The Sudanese advisor reveals the reasons for the delay in releasing budget allocations

Information / private… Today, Tuesday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed the reasons for not releasing the general budget allocations until now, while confirming that the Ministry of Finance is not intentionally delaying and that there are technical matters that must be completed before the allocations for governorates and ministries are released.

Saleh said, in an interview with the Maalouma Agency, that “one of the reasons for delaying the launch is the experience of the tripartite general budget for the first time,” noting that “we expect to launch an interactive budget given the stability of oil prices in the local markets.”

He continued, “The pressure will be on investment spending for the 2024 budget, due to the lack of a surplus from the 2023 budget,” pointing out that “there are many problems and gaps in the files of tax evasion and maximizing non-oil expenditures.”

The Sudanese advisor concluded his speech: “Sustaining strategic projects is one of the goals of the government program that must be continued,” adding that “the Ministry of Finance does not intend to delay, and there are technical matters that must be completed before launching allocations to governorates and ministries.”

The governorates and ministries are awaiting the release of the general budget allocations in order to proceed with the implementation of the government program, amid many problems, most notably the crisis of regional salaries and their resettlement, as well as efforts to add new job grades.

Almaalomah.me

A member of the Federal Court withdraws from it in protest against the decisions issued against Kurdistan

Shafaq News / Judge Abdul Rahman Zebari, a member of the Iraqi Federal Court, announced today, Tuesday, his withdrawal from the court, which is the highest judicial authority in the country, in protest against the recent decisions issued against the Kurdistan Region.

Judge Zebari, who held his position as a representative in the Federal Court for the region, said in a press conference held in Erbil attended by a Shafaq News Agency correspondent, “I found myself in a position where my efforts, and my academic and professional capabilities, were unable to achieve their goal in defending the interests of the Kurdistan Region as a recognized constitutional region.” It is included in many articles of the Federal Constitution.

The judge attributed the reason for his withdrawal to “what he sensed of a tendency in successive court decisions towards a gradual return to the foundations of the central system of government, and moving away little by little from the foundations and principles of the federal system by expanding the scope of the exclusive powers of the federal authorities.”

He added, “The constitutional courts in all political systems that adopt the federal system are a guarantee for protecting and consolidating this system, preserving the balance between the federal authorities and the authorities of the states or regions, and preventing each level of government from overstepping the powers of the other level.”

Judge Zebari also pointed out that “the logic of things requires that the concern of the Constitutional Court in any country to protect the authorities of the regions or states be greater than its concern for the federal authorities because the latter, by their nature and the nature of their powers, are in a stronger position than the regional authorities. However, what I observed is the opposite.” This is as I mentioned earlier.”

He stressed that “the Iraqi Constitution of 2005 is considered one of the rigid constitutions whose amendment was keen to be subjected to complex procedures to protect the agreed upon constitutional principles, and the rights of all parties and components and all levels of government,” adding, “However, what I observed in the directions and decisions of the court The Supreme Federalism and its interpretations of the provisions of the Constitution in many cases is the trend towards a broad interpretation out of context, which may reach the level of constitutional amendment.”

Judge Zebari went on to say, “Given the failure to enact and legislate a new law for the Federal Supreme Court in accordance with what Article (92) of the Constitution requires, the articles and texts of the amended Federal Supreme Court Law No. (30) of 2005, which was enacted before the entry into force of the 2005 Constitution, related to the formation of the court.” And the mechanism of voting in it during the issuance of rulings and decisions, which are mostly by majority, made the representatives of the Kurdistan Region (two judges among the total number of nine members of the court) numerically unable to avoid issuing decisions and rulings that are considered in their view to harm the rights of the region and its constitutional entity, which made their representation of the region irrelevant. A real and effective value from a practical standpoint, and the most that can be done is to confirm the opinion that is contrary to the opinion of the majority.”

He stressed, “We personally have affirmed our opposing and opposing constitutional and legal position in many rulings and decisions, but as I mentioned before, to no real benefit because decisions may be issued by majority and not unanimously for all of these reasons.”

Judge Zebari concluded his conference by saying, “Based on my feeling of responsibility before the people of the Kurdistan Region with all its components and before its institutions and constitutional entity, I announce my withdrawal from membership in the Federal Supreme Court after the facts I mentioned above made it impossible to achieve the goals for which I held the position and to change the directions of the court for which I held the position.” I mentioned it earlier.”

Shafaq.com