Exchange offices are refusing to deal with the dollar after its rise

Information / Anbar… On Wednesday, the exchange offices in Anbar Governorate stopped buying and selling transactions in the dollar, after the dollar recorded a new rise in the exchange rate, reaching more than 152,000 dinars for every 100 dollars.

Youssef Al-Dulaimi, owner of an exchange office in Anbar, said in a statement to Al-Maalouma Agency, “The exchange offices spread throughout the cities of Anbar have stopped buying and selling operations for the dollar against the background of the high exchange rate to 152,500 dinars per 100 dollars, after it fell to 147,000 dinars from without knowing the real reasons behind his elevation.”

Al-Dulaimi added, “Stopping the process of dealing in dollars in exchange offices in Anbar until the stabilization of its rate decided by the Central Bank.”

He pointed out that “the exchange rate of the dollar fell yesterday to 147 thousand dinars, then it rose again to reach more than 152 thousand dinars, and this decrease and rise caused chaos in the buying and selling movement in exchange offices and private banks, and their inability to deal in light of the instability of prices.” .

And he continued, “The exchange offices buy the dollar from citizens according to the central bank’s pricing, but they sell it secretly at a price of more than 152 thousand dinars, secretly and unannounced.”

It is noteworthy that a security force coming from Baghdad arrested earlier one of the owners of exchange offices in the city of Ramadi, in possession of huge sums of money in dollar currency.

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A political agreement that ends the dispute over the budget and advances negotiations towards approving it

Information / Baghdad… Member of Parliament Nazem Al-Shibli confirmed, on Wednesday, that the 2023 budget will soon reach Parliament, indicating that the political forces have finally agreed on the details of the projects and their distribution.

Al-Shibli said in a statement to Al-Maalouma, that “the State Administration Coalition, when it was formed, agreed on a number of political, security, economic and service files, including the agreement on distributing funds in the 2023 budget.”

He added that “the specialized committees have completed their tasks, and there is also positive progress with regard to the region’s share in the budget, and that the issue of the region’s oil is through the positive signs of the discussions of the Kurdish delegation currently in Baghdad,” suggesting “approval of the budget at the end of this month.”

He explained that “if those agreements are adhered to, it will certainly make it easier for the Sudanese government to complete the draft budget law early and send it to parliament for approval.”

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A parliamentarian calls for speeding up the adoption of the oil and gas law: it will regulate the relationship between Baghdad and Erbil

Information / special… A member of the House of Representatives, Muhammad Saadoun al-Sudani, demanded, on Wednesday, the need to expedite the approval of the oil and gas law, and while stressing that the law will regulate the relationship between Baghdad and Erbil, he indicated that Kurdistan is required to abide by the decisions of the Federal Court.

Al-Sudani said in an interview with Al-Maalouma agency, “The issue of oil and gas is one of the most prominent outstanding problems between Baghdad and Erbil. As a result, everyone must resort to the decisions of the Federal Court.”

He added, “The judiciary has, more than once, proven the unconstitutionality of oil sales and exports by the region without returning to the federal government.”

The member of the House of Representatives explained, “The oil and gas law is supposed to speed up its legislation in order to solve this problem,” calling on the regional government to “commit to the federal decisions and the constitution, which stand at the same distance from everyone.”

Al-Sudani pointed out that “the oil and gas law will regulate the relationship between the region and the center and will put points above letters.”

The leader of the Kurdistan Democratic Party, Wafaa Muhammad, had confirmed that “everyone, especially the Baghdad government, is hasty to implement the agreement on the oil and gas law,” hoping that “an agreement will be reached to approve the law during the coming period.”

Earlier, a member of the Parliamentary Oil and Gas Committee, Alaa Al-Haidari, confirmed that his committee is in the process of making amendments to the oil and gas law, the most prominent controversial legislation, as well as the law of the National Oil Company, indicating that the political will between Baghdad and Erbil is ideal for passing the law.

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What is Iraq’s position?.. Law: America controls financial movement via “Swift”

Information / special… The deputy of the State of Law coalition, Thaer al-Jubouri, said, on Wednesday, that America will not allow Iraq to leave the Federal Bank of its own volition, while stressing that Washington controls the financial transactions of the Federal Bank.

Al-Jubouri said in an interview with the information agency, “America will not allow Iraq to leave the Federal Bank,” noting that “America has developed policies and paragraphs to serve their own interest at the expense of all countries affiliated with the Federal Bank.”

And he continued, “Washington controls the global financial movement through the electronic Swift system, and Iraq will not be able to exit this system at the present time,” pointing out that “the latter imposes the passage of the dollar in the Federal Bank before it reaches Iraq as a result of the oil sale process.”

And the leader of the National Coalition, Iyad Allawi, had been accused in a televised interview followed by Al-Malouma, that “the United States of America is practicing blackmail against the Sudanese government,” indicating that the decisions of the US Federal Bank are systematic and deliberate to control Iraq.

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Al-Fateh warns Al-Sudani of Washington’s policy in Iraq

Information / special… The leader of the Al-Fateh Alliance, Ali Al-Fatlawi, confirmed today, Wednesday, that the measures of the Prime Minister, Muhammad Shia’a Al-Sudani, will work to reduce the exchange rates of the dollar, while he warned the government about Washington’s policy.

Al-Fatlawi said in an interview with Al-Maalouma agency, “The measures issued by Al-Sudani during this period will reduce the exchange rate of the dollar in a period not exceeding two weeks from now,” noting that “remedial to the crisis needs time because of the planning and study that prompted America to put pressure on the current government.

He added, “The Federal Bank’s actions that led to raising dollar prices during the current government are not by chance,” stressing that “Washington has been planning to exploit the economy card for some time.”

The leader of the Al-Fatah Alliance explained, “The Sudanese government must be more cautious of the policy that Washington is pursuing with Iraq in order to pass its plans in the coming period.”

The leader of the State of Law Coalition, Haider al-Lami, had accused, in an interview with the Information Agency, “the role of the US ambassador in Baghdad, Alina Romanowski, of” sensationalism “, accusing her of exerting pressure on the government of Muhammad Shia’a al-Sudani, which caused a rise in the exchange rates of the dollar.

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Parliamentary wealth: All roads are open to passing the oil law in parliament

Information/Baghdad… A member of the Oil, Gas and Natural Resources Committee, Kazem Al-Tooki, revealed that there are parliamentary efforts to pass the oil and gas law soon, indicating that all roads are clear towards passing the law.

Al-Touki said in a statement to Al-Maalouma, that “the political situation that the country is going through is ready to accelerate the oil and gas law and all controversial laws.”

He added that “the legislation of the law will serve the oil-producing provinces,” noting that “the legislation of the law is among the priorities of the government program and the political agreement within the State Administration Coalition.”

Stressing that “the legislation of the law during the current session will be a radical solution to the dispute over oil wealth,” and added that “there are efforts to pass the law in the dome of Parliament.”

The Al-Fatah Parliamentary bloc had suggested, earlier, that the oil and gas law be approved during the current session due to the presence of the political will of all forces, including the Kurdish forces, stressing that the recent meeting of the state administration forces seriously discussed the issue in order to approve it in the current session.

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Its volume exceeded 200 trillion dinars.. New details about the budget and the exchange rate delay approval

Shafaq News / Member of the Parliamentary Finance Committee, Representative Nermin Maarouf, announced, on Friday, the size of the 2023 budget, noting that it exceeds 200 trillion dinars, while pointing out that the fluctuation of dollar prices and the failure to fix its price in the budget delayed sending it to Parliament.

Maarouf told Shafaq News agency, “The recent changes and the reduction in dollar prices have disrupted or delayed sending the budget from the government to parliament,” indicating that “the price of the dollar in the budget has not been determined yet after the government decided to reduce its price and circulation to 1,300 dinars per dollar.”

And she pointed out that “changing the price of the dollar and its official approval will determine the budget deficit and its amount, if any, and we are awaiting the official approval of the dollar price in the next budget.”

Maarouf indicated that “the size of the 2023 budget exceeds 200 trillion dinars, and it is awaiting the arrival of the budget to parliament and discussing its doors in detail.”

For his part, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, indicated that there is a controversy about the price of a barrel of oil for the purposes of calculating oil revenues in the general budget for the year 2023, between 65-75 dollars per barrel.

In his interview with Shafaq News agency, Salih said, “We are waiting for the discussion of the budget issue to be launched in the coming days, and for the final opinion of the Council of Ministers, before the draft budget law is presented to the Parliament.”

And the Iraqi government revealed, the day before yesterday, Wednesday, that the Ministry of Finance had begun to re-prepare the general budget for the year 2023 according to the new exchange rate (130) thousand dinars per 100 dollars.

A source in the government told Shafaq News agency, “The ministry needs some days to prepare a draft law, which will be completed and sent to the Council of Ministers next week.”

The source stressed that “the cabinet needs only one session to discuss and approve the general budget law for the year 2023.” On Tuesday, the Council of Ministers approved the decision of the Board of Directors of the Central Bank of Iraq to amend the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars per dollar.

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Blinken: We support the Iraqi economy and we want it to have independent energy

Shafaq News / US Secretary of State Anthony Blinken announced, on Thursday, support for Iraq’s economy, and while stressing the need for Baghdad to have an independent energy, Foreign Minister Fuad Hussein stressed the country’s need for Washington’s support in various fields.

Blinken said, during a joint press conference with Hussein, which was followed by Shafaq News Agency: “It gives me great pleasure that my old friend Fuad Hussein is here at the State Department in Washington. We have worked together for many, many years, but it is always wonderful to have him here.”

He added, “This is an important moment.. There is an important meeting, and we have a strategic framework agreement with Iraq, and we are now focusing very intensely on the economic dimension of that agreement and the work that we can do together, to continue to strengthen Iraq’s economy and its integration and reintegration into the region, in ways that make a material difference.” in the lives of the Iraqi people.

He added, “There will be a special focus on energy and electricity. Iraq must be independent in the field of energy, and this is something that I think the United States and others can continue to do, and Iraq is moving in this direction.”

And the US Secretary of State indicated that “President Biden had a very good conversation with Prime Minister Muhammad Shia’a Al-Sudani only a few days ago,” adding, “We look forward with Al-Sudani to strengthen the strategic partnership that unites Iraq and the United States.”

For his part, the Iraqi Foreign Minister appreciated the warm reception by his American counterpart, saying: “Thank you, Tony.. Thank you for your friendship – my personal friend, but you are also a friend of the Iraqi people.. Thank you very much for your support in the war against ISIS.”

Hussein stated, “We worked together, fought together, defeated ISIS together, and we will continue to work together on the basis of building and rebuilding our economy,” adding, “We need your support in various fields, and we will continue our cooperation.”

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The Iraqi delegation arrives in Washington to discuss the dollar crisis and monetary policy

Information/Baghdad… Foreign Minister Fuad Hussein arrived, Thursday, in Washington at the head of a high-ranking government delegation that included a number of financial and banking figures to discuss the crisis caused by the US Federal Bank’s actions regarding the sale of the dollar.

A statement of the Ministry of Foreign Affairs, a copy of which the information received, stated that “Minister Fuad Hussein arrived in Washington at the head of a high government delegation that included a number of financial and banking personalities.”

She added, “Hussein will meet his American counterpart, Anthony Blinken, and will hold his dialogues with the American side, which will focus on supporting Iraq’s monetary policy and exchanging financial and banking support with the aim of enhancing the Iraqi government’s vision of its measures regarding the dollar exchange rate.”

She indicated that “the Iraqi delegation will discuss with senior officials in Washington bilateral relations and ways to enhance them in various sectors, based on the strategic framework agreement between the two sides.”

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Al-Fateh: The application of the American “Swift” system is a pressure tool to starve the Iraqi people

Information / Baghdad… The representative of the Al-Fateh Alliance, Aqil Al-Fatlawi, accused, on Thursday, the World Bank and the US administration of imposing will and blackmail through the application of the Swift platform, indicating that the United States of America has passed the stage of military domination and moved towards economic domination through those institutions under the international cover.

Al-Fatlawi said, in a statement to Al-Maalouma, that “the United States of America has passed the stage of military domination and turned to economic domination through institutions disguised under international cover, including the World Bank and the Swift platform,” considering that “these institutions are a bad example of domination and starving people.”

He added that “the United States of America at the present time is still the restrictive and pressing element on the Iraqi economy, especially after Iraq’s exit from the seventh and sixth items.”

Al-Fatlawi called on “the government to take more steps to disengage from the US federal government,” noting that “the government has actually started its steps in this direction to lift the restrictions that the US federal controls.”

Al-Fatlawi pointed out that “the meeting held by the Governor of the Central Bank of Iraq, Ali Al-Alaq, with the Assistant Secretary of the US Treasury, succeeded in releasing a lot of Iraqi funds secured by the Federal Reserve, in addition to paving the way for the success of his current negotiation in Washington.”

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