A deputy refers to a strategic project and confirms: Iraq will have huge sums of money

Today, the representative of the Iraqi coalition, Jasim Al-Bakhati, indicated that a strategic project, if implemented, would draw huge sums of money to Iraq, explaining that the rail link with neighboring countries would kill the large port of Al-Faw.

Al-Bakhati said in a statement to “Tigris”, that “the rail link with neighboring countries will lead to the death of the large Faw port project, on which the state spent billions of dollars,” considering that “if this connection is made, it will indicate the government’s short-sightedness economically . ”

He added that “the alternative to railways and connectivity is to announce the dry canal linking from FAO to Turkey and Europe, and this strategic project will enter an additional budget, as about 200 dollars will be imposed on one ton of goods passing through Iraq, which are huge sums . ”

Al-Bakhati called on the House of Representatives to “halt any project that stands against the large port of Faw, whose profits are estimated after 20 years at about $ 100 billion, equivalent to Iraq’s oil budget, which no Sheriff can ever give up ”

Dijlah.tv

Saleh: The Presidency of the Republic is in the process of developing a legal code on mechanisms for recovering stolen funds

Baghdad today – Baghdad… The President of the Republic, Barham Salih, confirmed that the Presidency of the Republic is in the process of developing a legal code on mechanisms to recover the stolen money from Iraq.

“The Presidency of the Republic is in the process of developing a legal code that deals with mechanisms to recover funds stolen from Iraq, which are located abroad,” Saleh said in a televised interview with (Baghdad Today).

He added, “The file of corruption is dangerous and huge and needs broader and deeper treatments,” noting that “with all these challenges there were procedures and courts that worked to rule on important corruption cases.”

And Saleh continued, “The Presidency of the Republic is in the process of developing a legal code that we will discuss with the House of Representatives, to recover the stolen money from Iraq, which may have gone to capitals and investments abroad.”

He pointed out, “There are important measures and striking financial corruption is a basic pillar for establishing security, and without it, security will not be established.”

And the President of the Republic added, “We are concerned that we have fair elections, and the Iraqi citizen feels reassured that his vote is protected and his decision is respected and that it is not tampered with through fraud and other measures.”

Baghdadtoday.news

Central bank sales of hard currency are recording a noticeable decline

BAGHDAD – Mawazine News… The central bank’s hard currency sales fell, on Wednesday, for a third consecutive day, recording only $ 32 million.

The auction of buying and selling foreign currencies, according to the Central Bank’s daily bulletin, saw a decrease in its sales by 31.71 percent, to reach 32 million and 827 thousand dollars.

The bank’s daily bulletin stated that it “covered its sales at a base exchange rate of 1460 dinars per dollar.”

She added that “the purchases amounting to 32 million and 827 thousand dollars, went to strengthen the assets abroad in the form of transfers and credits, while the banks did not make any purchase of dollars in cash.”

The bulletin indicated that “six banks have fulfilled the requests to enhance assets abroad.”
It is noteworthy that the central bank’s sales of hard currency, on Tuesday, amounted to 48 million and 67 thousand dollars. Ended

Mawazin.net

Will the exchange rate change?

Manar Al-Obaidi wrote: There are a lot of discussions these days regarding the review of the exchange rate and whether it will be changed or not and return it to 1200
First, any change in the exchange rate in the near future will have major repercussions, including a loss of confidence in the Iraqi economy.

Secondly, the exchange rate was under pressure from the World Bank and the international bodies supporting Iraq, and the process of returning the price will lead to a reduction in support from these parties.

Third, even with a change in exchange rates, most of the materials will not return to their normal prices directly. Rather, a period of mistrust will prevail in the Iraqi market that will make importers maintain a high exchange rate for fear of the possibility of a return to high.

Fourth, the government should take advantage of the currently high price of oil to immediately start building strategic industrial projects capable of providing raw materials for manufacturing industries, which will support the provision of a local product capable of providing various products to the Iraqi market.

Fifthly, if the exchange rate must be changed, it is better to move towards floating the dollar instead of the policy of controlling the exchange rate and depleting hard currency to maintain a stable exchange rate.

Sixth, what is required of the Ministry of Planning is to work aggressively to clarify the sectors most affecting the rise in the price of the dollar and to work actively to launch programs packages to reduce the impact of the decrease in the price of the dinar on these sectors, especially in the food and health sector.

Seventh, work on issuing a performance follow-up report on the development plan, which is the basis for building the country and activating the correct economic policies instead of focusing on monetary policy, which is supportive of economic policy and not the pillar of the Iraqi economy.

Eighth, the need to activate the 3 trillion initiative announced by the Central Bank to support vulnerable groups and work to activate the ration card and improve its vocabulary.

Yesiraq.com

Central bank sales are declining again

Yes Iraq: Baghdad… On Tuesday, the Central Bank of Iraq’s hard currency sales decreased for a second day, by 31 percent, to $ 48 million.

The correspondent of Shafaq News Agency stated that the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today a decrease in its sales by 31.53 percent to reach 48 million and 67 thousand dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to Monday, when sales reached It has 70 million and 198 thousand dollars.

The purchases amounting to 48 million and 67 thousand dollars went to strengthen the balances abroad in the form of transfers and credits, while the banks did not purchase any dollars in cash.

Our correspondent indicated that 10 banks have fulfilled the requests to enhance the assets abroad.

Yesiraq.com

Kurdistan Minister: There are no major differences over the budget with Baghdad, and after it is approved, we will proceed with the budget of the region

Shafaq News / The Minister of Planning in the Kurdistan Region, Dara Rashid, expressed on Tuesday his optimism that the federal budget for 2021 will be approved, including the region’s share during the upcoming sessions of the Iraqi Parliament and after the completion of the approval of the draft law of the Federal Supreme Court.

Rashid said in a press conference held in the Parliament of Kurdistan and attended by the correspondent of Shafaq News Agency, that the draft Federal Court law caused the postponement of the budget bill being included in the agenda of the Iraqi Council of Representatives, adding that the Federal Court law has cut good stages for its approval, and then the budget vote will start.

He pointed out that there are no points of contention between Erbil and Baghdad over the draft budget law, and we in the regional government are committed to the text contained in the draft law sent by the federal government.

The minister added, “Of course, any bill when it reaches Parliament undergoes changes, but we do not see that there are major differences between us and the Iraqi political parties and blocs over the budget, and we hope that we will skip this issue in the coming sessions because approving the budget is in the interest of Iraq in general and in the region.” Kurdistan in particular.

Regarding the region’s budget for the current year, the Minister of Planning said that “the draft budget law for Kurdistan is ready, but one of its paragraphs includes the region’s share in the federal budget in relation to the operational and investment budget and the amount of money that the region will receive, stressing that the issue of determining the price of selling the region’s oil in its budget is linked to what Parliament will decide it in the federal budget.

Shafaq.com

Deputy: The Federal Court Law will be decided today, and the option to go to the alternative is the closest

The information / Baghdad… MP for the Alliance of Saeroun Riyadh Al-Masoudi confirmed, on Tuesday, that the House of Representatives gave the Kurdish representatives until six o’clock this evening to agree to pass the Federal Court’s law, which requires agreement on three remaining articles of the law. Presidency of the Republic as a whole, which needs a simple majority.

Al-Masoudi said in a statement to / the information /, that “the House of Representatives voted yesterday to amend the Federal Court’s law sent by the Presidency of the Republic, and the vote on it has been postponed in general to give the Kurdish representatives an opportunity to agree on Articles (2, 3, 12) of the new court law. Until today six o’clock in the evening. ”

He added that “in the event that a two-thirds quorum is completed for the members of the House of Representatives, the law will be voted,” indicating that “in the absence of a quorum, the amendment will be voted on only, which needs a simple majority.”
The House of Representatives completed in an early hour on Tuesday morning the voting on the remaining articles of the First Amendment Law (Order No. 30 of 2005), the Federal Supreme Court Law. Ended / 25 AD

Almaalomah.com

Iraq decides to allow the entry of citizens of 37 countries to enter its territory through a visa at its airports

Baghdad Today – Baghdad… The Iraqi Ministry of Interior decided to allow citizens of 37 countries to be granted entry visas to its lands after their arrival.

A document issued by the Ministry of Interior and addressed to the Civil Status, Passports and Residence Directorate, stipulates that “the citizens of America, Britain, France, Russia, China, Germany, Italy, Belgium, Luxembourg, the Netherlands, Denmark, Ireland, Gibraltar, Greece, Spain, Portugal are included. Sweden, Austria, Finland, Estonia, Poland, the Geek, Slovakia, Slovenia, Cyprus, Malta, Hungary, Bulgaria, Romania, Croatia, Australia, Canada, South Korea, Japan, “by granting regular entry visas at airports and border crossings in exchange for an entry visa fee, as of March 15, 2021

Baghdadtoday.news

Deputy: Internal Parties Are Pressuring The Finance And Central Bank To Keep The Exchange Rate Of The Dollar

The Independent / Ali Al-Nasr Allah / .. Member of the Al-Fateh Alliance, MP Hamid Al-Mousawi, revealed that there are internal parties and parties that are pressuring the Ministry of Finance and the Central Bank to keep the dollar exchange rates as they are for personal purposes and unilateral benefits.

In a statement to Al-Mustaqilla, Al-Mousawi expressed his surprise at the financial and central subordination to the pressure of the International Monetary Fund regarding exchange rates.

He said, “Those parties (he did not name them) do not look at the catastrophic effects that will be caused by the collective refusal to keep exchange rates as they are.”

Mustaqila.com

A representative source confirms the inclusion of the budget law in next Tuesday’s session

Baghdad: Al Furat News…  A representative source confirmed, on Saturday evening, that the federal budget for 2021 will be included in the session next Tuesday.

And the source stated (to Euphrates News) that “the 2021 budget bill will be included on the agenda of next Tuesday’s session.”

On Saturday, the House of Representatives announced that the vote on the Federal Court bill would be completed at next Monday’s session.

In a brief statement, the Information Department stated, “Al Furat News” received a copy of it, that “the work schedule for the session on Monday, March 15, 2021 includes the completion of voting on the draft Federal Court bill.”

Alforatnews.com