An economist acknowledges the difficulty of re-exchange of the dollar to the previous rate

{Economic: Al Furat News} The economic expert, Salah Nuri, acknowledged today, Thursday, the difficulty of re-exchange of the dollar to the previous rate.

Nuri said, via Al Furat News: “It is not possible to restore the dollar’s exchange rate to its previous era as a result of the international factor causing the rise in the prices of basic foodstuffs globally.”

“Even that this factor is considered a strong determinant of decreasing the dollar exchange rate, in addition to other local factors,” Nouri said.

While the economic expert ruled out that “the exchange rate will be considered or reduced again.”

It is noteworthy that the Ministry of Finance responded to news of its discussion of re-lowering the dollar exchange rate against the dinar.

The Undersecretary of the Ministry of Finance, Taif Sami, said in a press statement: “There are no discussions to reduce the price of the dollar to 120,000 dinars within the 2022 budget.”

On April 4, the Federal Supreme Court rejected the case for re-exchange of the US dollar in relation to the Iraqi dinar to its predecessor, at the amount of (120,000) Iraqi dinars for every 100 US dollars.

Alforatnews.iq

A former official: Economic damage will be inflicted on the country if the exchange rate and this option are changed

Special – Mawazine News: The former director of the Financial Supervision Bureau, Salah Nouri, confirmed today, Wednesday, that “great economic damage will be inflicted if there is any change or modification to the dollar exchange rate.”

Nouri said in a statement to “Mawazine News”, that “even if the Ministry of Finance decides to amend the exchange rate to about 130, there are solutions to support the fragile and affected classes by raising the exchange rate.”

He added, “The procedure is to establish sovereign funds to support those segments that have been affected by the amount of their damage from the change, which amounted to 23%. They are compensated through these funds.”

He pointed out that “the Ministry of Finance has made it clear to the citizens about the increase in revenues and the recovery of the treasury.” Ended 29 / 92

Mawazin.net

Al-Kazemi…  and “Save the Homeland” discuss a step away from the majority and consensus government

Shafaq News / An informed source in the “Save a Homeland” alliance, which includes the Sadrist movement, the Kurdistan Democratic Party, the Sovereignty Alliance, revealed today, Tuesday, that the alliance is studying a new step that it may take during the next stage, far from the majority and consensual government.

The source told Shafaq News Agency, “The Alliance to Save a Homeland is seriously considering and studying maintaining the government of Mustafa Al-Kazemi, during the next stage, in the event that the political blockage remains and the suspension of the presidential election session is maintained, and the coalition has prepared the ground for this option by working on the Legislation of the Emergency support Law for Food Security and Development, which will enable the Al-Kazemi government with financial powers similar to the budget law.

And he indicated that “the Alliance to Save a Homeland is considering the possibility of making a semi-comprehensive amendment to the government of Mustafa Al-Kazemi, in the event that it is maintained during the coming period, and the new ministers will be candidates exclusively by the Triple Alliance, and their passing is easy according to the parliamentary majority owned by this coalition,” explaining “The change of ministers will be through dismissal or resignation in agreement with the prime minister.”

The leader of the Sadrist movement, Muqtada al-Sadr, had set on March 31, a deadline of forty per day on what is known as the blocking third consisting of the coordination framework and allied deputies, to form a government independent of the Sadrist bloc.

Al-Sadr’s position came after the Iraqi parliament failed for the third time in a row to hold a session to elect a new president for the country due to the intensification of the dispute between the Triple Alliance (the Sadrist bloc, the Kurdistan Democratic Party, the Alliance of Sovereignty), and the coordinating framework that includes Shiite political forces.

The election of the President of the Republic requires a quorum in which the presence of representatives constitutes two-thirds of their number, or more than 220 deputies out of 329, which was not achieved due to the boycott of the coordination framework that represents prominent Shiite parties, such as the State of Law bloc and the Al-Fateh Alliance, the umbrella under which the loyalist Popular Mobilization factions fall under. for Iran.

Shafaq.com

Arrest Of Government Officials In The Case Of Waste Of Public Money

Earth News / A security source revealed, today, the arrest of government officials in the case of wasting public money

The source told Earth News, “A special security force with teams from the Integrity Commission arrested the former Director General of Water Resources, the Director General of State Real Estate, eight employees of the State Real Estate Department, and a number of treasury employees, against the background of the Al Rabie district case in the central Maysan governorate.” .

He added, “The arrest process was carried out in accordance with judicial orders issued by the Integrity Investigation Court in Maysan, in accordance with the provisions of Article 316 of the amended Iraqi Penal Code No. 111 of 1969, related to the waste of public money.”

Earthiq.news

The Kurdistan Democratic Party confirms the cohesion of the tripartite alliance

Baghdad / Obelisk: The representative of the Kurdistan Democratic Party, Mahma Khalil Ali Agha, confirmed on Monday, April 18, 2022, the cohesion of the “triple alliance”, while the formation of the new government is expected at the end of next May.

Ali Agha said in a statement followed by the obelisk, “The birth of the Triple Alliance (the National Salvation), is as an electoral entitlement, as this alliance will not be against anyone, but rather to save Iraq from the situation it has reached.”

He added, “This alliance is more coherent than ever, as it is communicating with the blocs to get Iraq out of the political blockage, and it is continuing to form a professional service government based on integrity and efficiency, at the end of the fifth month.”

He pointed out, “The influential leaders of the coalition are continuing to achieve the rights and demands of the Iraqi street as well as its national entitlements according to the circumstances and the data of the stage, preserving the unity and sovereignty of Iraq, and fighting corruption and terrorism, for its absolute belief that they are two sides of the same coin, as well as strengthening federal institutions, securing the return of the displaced and granting them their rights.” The legal constitutionalism lost materially and morally, and the security of their devastated areas.”

The leader of the Sadrist movement, Muqtada al-Sadr, seeks, through the tripartite alliance, to form a national majority government, while stressing the exclusion of the “State of Law” coalition led by al-Maliki, but the rest of the Shiite forces within the “coordinating framework” reject this and demand a consensual government in which all political forces in Parliament participate. Similar to previous courses.

Almasalah.com

Al-Kazemi’s government creates a “miniature model” of the budget, and its advisor acknowledges the “failure” of the white paper

Baghdad / The economic advisor to the Prime Minister, Mazhar Muhammad Salih, acknowledged, on Monday, that the reform white paper approved by Mustafa Al-Kazemi’s government had not achieved the required achievements, indicating that the food security law is a “model” of the budget and needs urgent scrutiny by the Financial Control.

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In a televised interview, Saleh said, “The White Paper achieved very simple things.”
He added, “There is no accurate statistic that counts agricultural crops and national products, and that tax evasion (there is neither a head god nor a sassy god) is due to chaos and tax evasion.”

He explained, “The ability that brought the emergency support law to Parliament can deliver the budget, but the emergency support will be an alternative to the budget in the event that the political blockage remains, and he is a legislator who wants to show a miniature “model” of the budget.

Regarding the number of employees and the possibility of their demobilization, Saleh said that “the number of employees has greatly inflated in Iraq, while the number of retirees has doubled recently, and it is difficult to lay off employees, and this will not happen in the worst circumstances.”

Saleh pointed out that “4 million retirees receive salaries from the budget and from the retirement fund, and that the retirement fund needs a very urgent review.”

Almaalomah.me

THE CENTRAL BANK RESUMES ITS FINANCIAL DEALINGS IN KIRKUK AFTER AN 8-YEAR HIATUS

National News Center / The Central Bank of Iraq has agreed to resume its dealings with exchange companies and money transfers operating in Kirkuk, after eight years of suspension due to the repercussions of the ISIS war.

On April 13, the Central Bank sent a letter to the financial companies in Kirkuk to submit their requests to resume their dealings with the bank, stressing the need for companies to confirm their desire as soon as possible with regard to trading in US dollars.

For his part, the owner of an exchange company in Kirkuk, Nariman Nasr al-Din, said, “Since 2015, we have been asking the Central Bank for this constantly, but the bank expressed its approval after eight years due to the repercussions of the ISIS war and the Central Bank’s fear of targeting the money that the bank deals with companies operating in Kirkuk. “.

Nariman added, “From now on, things will return to what they were before the emergence of ISIS. We will be able to deal with the Central Bank, and the dollar will reach Kirkuk at the rate set by the Central Bank.”

Regarding the importance of this step and its impact on the living situation of citizens, Neriman said, “Compared to the previous one, the currency exchange rate will decrease by one thousand dinars for each banknote of 100 dollars, and this will be in the interest of the citizens and all parties, because they will be able to obtain the dollar at a lower price.”

He continued, “We will also benefit from the Central Bank, like the rest of the provinces. We will not have to resort to other provinces in order to buy dollars, which was increasing costs for us and the citizens.”

The Central Bank of Iraq sells US dollars to exchange companies at 146 thousand dinars for every 100 dollars.

Nnciraq.com

Is It Possible To Pass The Budget Of The Caretaker Government Without Final Accounts?

Baghdad… The legal expert, Ali Al-Tamimi, explained the possibility of passing the 2022 budget without final accounts for what preceded it, as well as clarifying the constitutionality of passing the budget by Parliament despite the fact that the government is a daily business.

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. Al-Tamimi told Al-Maalouma, “The House of Representatives has the possibility to ask the caretaker government to send the budget law to Parliament, because this is related to food security, which is one of the government’s first priorities. managing everyday affairs.”

He added that “authorizing the government to send the budget requires a vote of the absolute majority of the number of parliament members, that is, the total number plus one, and that this right is limited only to the budget law only.”

Al-Tamimi explained, “Sending the budget after authorizing the government to do so must be preceded by the approval of the final accounts of the previous year’s budget in accordance with the Financial Management and Public Debt Law No. 6 of 2019, as this is implemented in accordance with Articles 62, 5 and 61 of the constitution and 12 and 13 of the Financial Management and Public Debt Law. No. 6 of 2019 and Articles 128 to 138 of Parliament’s bylaws.

Almaalomah.me

Economist: Achieving Self-Sufficiency In Fuel Will Bring Additional Revenues To The State Treasury

Baghdad… The economist, Wissam Al-Tamimi, said that the trend towards relying on the local product of fuel and not importing it will introduce new returns to the state treasury, pointing out that Iraq is one of the first oil exporters in the world and can be in the same rank in terms of fuel.

Al-Tamimi told “Al-Maalouma”, that “talking about achieving self-sufficiency in fuel in the next two years will increase the state’s revenues by stopping subsidies for imported fuel, in addition to the possibility of exporting this fuel abroad.”

He added that “Iraq can contract with other countries by providing them with oil in exchange for fuel without giving them any amounts, until the completion of the construction of refineries for oil derivatives.”

And he indicated that “the establishment of oil refineries will also have a positive impact, as it will accommodate thousands of graduates, as well as supplying the governorates within which it is located with oil derivatives without the need for transportation costs between one governorate and another or importing derivatives, in addition to it may provide power stations with the necessary fuel.”

Almaalomah.me