Political Analyst: The Presidents of the Republic, the Ministers, and the Government Program will be passed in one basket

{Al Furat News} The political analyst, Sabah Al-Ugaili, on Monday, suggested passing the presidents and ministers and the government program in one basket.

Al-Ugaili said that, “The stability bloc emerged from the womb of the coordination framework, and it represents the entire Shiite forces and an introduction to forming the next government and declaring it the most numerous bloc under the dome of Parliament.”

“It will also take it upon itself to proceed with the dialogues to form the next government,” he added.

A member of the Al-Fateh Alliance, Ayed Al-Hilali, had revealed the imminent announcement of a new political formation called the “National Stability Alliance” led by Nuri al-Maliki, which includes 133 deputies to form the largest bloc in Parliament, and while he indicated that the birth of the alliance or not depends on waiting for developments in the relationship with the Sadrists, he stressed that the alliance It will include non-Shiite forces outside the coordination framework.

And on the prospects of the Federal Supreme Court extending its decision regarding the legality of opening the door for nomination again for the presidency, Al-Ugaili explained, “There is no extension of the court’s decision after the constitutional frameworks that clarified according to Article 54 that the first session is competent to elect the Speaker of Parliament and announce the most numerous bloc and open the door for nomination to the President of the Republic during 30 days”.

He added, “There is an appeal against the unconstitutionality of opening the candidacy door for a second time, and we are awaiting the decision next Wednesday.”

Al-Ugaili indicated, “There are indications that opening the door for nomination again is not constitutional and the National Union is the closest to obtaining the position and the most prominent candidate is Barham Salih.”

The political analyst concluded by saying:

The Federal Supreme Court has set, next Wednesday, the date for settling the appeal by reopening the nomination for the post of President of the Republic.

The House of Representatives was scheduled to vote in the February 7 session on the presidential candidates, but the session was not held due to the absence of political blocs, with the exception of an alliance that includes a group of “independent” deputies, after the Federal Supreme Court announced a decision unconstitutional for the nomination of the leader of the Kurdistan Democratic Party, Hoshyar Zebari for the presidency and his exclusion from the candidacy, after it issued a decision in advance to stop the procedures for his candidacy.

In light of this, the Presidency of the House of Representatives issued a decision to open the door for candidacy for the position of President of the Republic, starting from February 9, for a period of (3) days.

Representative Basem Khashan announced that he had submitted an appeal to the Federal Supreme Court against the decision of the Presidency of the House of Representatives, which included opening the door for candidacy for the post of President of the Republic again.

Alforatnews.iq

Al-Kazemi’s advisor: The exchange rate will remain at its current position

Baghdad / Obelisk: Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, suggested that the dollar exchange rate against the Iraqi dinar would remain at its current position.

Saleh said, “It is the monetary policy that determines the exchange rate according to the Central Bank Law,” adding that “unfortunately, there have been many interventions.”

Salih added that “coordination between monetary policy and fiscal policy in a rentier country such as Iraq is very important, especially since the reserves supporting the Iraqi dinar come from the Ministry of Finance,” noting that “according to the statement of the Central Bank, there is an understanding and insistence on maintaining the stability of the Iraqi dinar exchange rate at its current price. And that the bank’s statement referred to the insistence and defense of the exchange rate.”

He believed that “certainly, there are benefits in the decision to raise the exchange rate and a lot of harm,” adding that “the Ministry of Finance was hedged against the issue of harm, especially in terms of the poor classes and the extent of inflation.”

Saleh concluded that, “according to the statement of the Ministry of Finance, it appears that the previous parliament reduced the budget and increased support for the poor classes, which is an important point in my estimation,” noting that “more than a trillion dinars were deleted from the allocations for the categories covered by social welfare salaries.”

The Central Bank announced that the dollar exchange rate is stable and there are no intentions to change it, pointing out that the need for concerted efforts by government institutions to improve the economic levels of the poor classes.

The bank indicated that there are no intentions to change the current exchange rate, especially after the positive results it achieved during the last period.

He added that the discussions that took place during the hosting of the Governor of the Central Bank of Iraq in the House of Representatives on Saturday, corresponding to February 19, 2022, stressed the need for “the concerted efforts of all government institutions to improve the economic and living standards of the poor classes that were affected by the high rate of inflation.”

Almasalah.com

Iraq Gets Rid Of Freezing Its Financial Assets And Takes A Step Towards Exiting From Chapter VII

Earth News / Economic expert Ahmed Saddam confirmed today, Monday, that Iraq has got rid of the problem of freezing its financial assets after completing the payment of Kuwaiti compensation.

Saddam told “Earth News” that “Iraq will exit from Chapter VII after it has fulfilled all its international obligations, the latest of which is the payment of Kuwait’s compensation amounting to 52.4 billion dollars.”

He added, “This means that the Iraqi government has got rid of the problem of freezing its financial assets. In addition, completing the payment of compensation to Kuwait and removing Iraq from Chapter VII will give the impression that Iraq is now outside the framework of dangerous countries,” noting that “this is a positive impact on Iraq’s international reputation.” And it has a positive impact on its economic reality.”

Earthiq.news

After the return of the dollar’s rise .. gold prices jump in the Iraqi markets

Shafaq News / “Foreign and Iraqi” gold prices rose significantly in the local markets, today, Tuesday (February 22, 2022).

Shafak News Agency correspondent said, that gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, recorded for one weight of 21 caliber of Gulf, Turkish and European gold, a selling price of 390 thousand dinars, and the purchase price of 386 thousand, while the selling prices were recorded for yesterday, Monday, 384 thousand dinars.

Our correspondent indicated that the selling price of one 21-carat weight of Iraqi gold also increased at 360 thousand dinars, while the purchase price reached 356 thousand.

With regard to gold prices in the goldsmiths’ shops, the price of selling the weight of Gulf gold 21 carat ranged between 390 thousand and 400 thousand dinars, while the selling price ranged from the weight of Iraqi gold between 360 thousand and 370 thousand dinars.

It is equal to one mithqal of gold (five grams).

Shafaq.com

The Central Bank resolves the controversy: There is no intention to change the exchange rate and we have sufficient foreign reserves

Shafaq News / An informed source in the Central Bank of Iraq revealed, on Sunday, that there are no intentions to change the current exchange rate of the dollar against the Iraqi dinar. for the possibility of a price change.

A special source in the Central Bank of Iraq said, “There are no intentions to change the current exchange rate, especially after the positive results that it achieved during the past period.”

He added that “the discussions that took place during the hosting of the Governor of the Central Bank of Iraq in the House of Representatives on Saturday corresponding to February 19, 2022 emphasized the need for concerted efforts by all government institutions to improve the economic and living standards of the poor classes that were affected by the high rate of inflation.”

He called on the public to “not deal with news that indicates the possibility of a price change,” stressing that “the central bank possesses sufficient foreign reserves to stabilize the current exchange rate.”

Yesterday, Saturday, the Iraqi Council of Representatives formed a parliamentary committee specialized in the financial and economic file and supervising the work of the Central Bank, against the background of the tweet of the leader of the Sadrist movement Muqtada al-Sadr regarding the devaluation of the Iraqi dinar against the US dollar.

And the leader of the Sadrist movement, Muqtada al-Sadr, had made six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the governor of the Central Bank, Mustafa Ghalib, immediately.

Al-Sadr’s proposals included, “strongly stopping currency smuggling, looking into the matter of some banks such as (Middle East, Al-Qabd, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some of the parties controlling the country and people.”

In addition, Al-Sadr urged “to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate.”

Shafaq.com

The Triple Alliance is preparing to hold an upcoming meeting in Erbil to discuss forming the next government

Baghdad / Obelisk: The Kurdistan Democratic Party revealed, on Sunday, February 20, 2022, that a meeting will be held between the Triple Alliance in Erbil to discuss passing the presidents of the republic and the ministers in one basket.

A member of the Kurdistan Democratic Party, Mahdi Abdul Karim, said in an interview with a local satellite channel, which was followed by the obelisk, that what is issued by the Federal Court regarding the consideration of the case filed about opening the door for candidacy for the position of the presidency is respectable, pointing out that opening the nomination for the presidency for the second time is within the powers of the House of Representatives.

He added that the parliament session will be held next week or the next, indicating that the project to form a majority government is past and may join at the last moments part of the coordination framework with the Sadrist bloc.

He pointed out that the contact that took place between the leader of the Sadrist movement Muqtada al-Sadr and the leader of the Kurdistan Democratic Party, Massoud Barzani, through which it was agreed to hold a meeting of the Triple Alliance in Erbil during the coming days, explaining that according to the data, the meeting will be held to discuss the outcomes of the previous meetings and to determine the future mechanisms of action. Especially for the first session and preparing for it, given that there are entitlements to elect the President of the Republic and the Prime Minister in one basket.

Al-Sadr, whose current led the elections that took place last October, refused to enter into an alliance with parties in the framework to form the largest bloc.

Al-Sadr seeks to form a national majority government, unlike the rest of the coordination framework forces, which demand a consensual government in which all political forces within Parliament participate, similar to previous sessions.

Observers believe that the Sadrist movement has no choice but to agree with the coordinating framework in whole or in part to proceed with the project of forming a government.

Almasalah.com

USD closes lower in Baghdad’s markets

Shafaq News / The U.S. dollar (USD) exchange rates against the Iraqi dinar (IQD) closed lower in the markets of the Iraqi capital, Baghdad, today, Sunday.

Shafaq News Agency correspondent said that the dollar closed at 144300 IQD for every 100 USD in al-Kifah and al-Harithiya Central Exchanges.

The buying and selling rates of the USD in Baghdad’s local market stood at 143500 and 145500 IQD for every 100, respectively.

Almasalah.com

The Central Bank of Iraq breaks its silence and reveals details regarding the dollar exchange rate

Shafaq News / The Central Bank of Iraq considered, on Sunday, that positive results were achieved from the exchange rate of the US dollar against the dinar, warning of an “economic stagnation” in the event of its repeated change within short times without studying.

An authorized source in the Central Bank of Iraq issued a statement this evening, which was reported to Shafak News Agency, that the current exchange rate has achieved many positive results, the most prominent of which was reducing the state budget deficit to achieving a surplus at the end of 2021, and giving local producers and investors an important competitive advantage. With imported goods.

The source said that the repetition of changing the exchange rate within short times without a study from the concerned authorities leads to an economic recession, confuses the work of local markets, increases speculation on foreign currency, and squanders the gains made by the current exchange rate.

The source stressed that despite the rise in global oil prices of an unstable nature, there is no connection between this rise and the objectives and results of changing the exchange rate, indicating that the current rise in oil prices will enable the Iraqi government to rebuild the Iraqi economy correctly, and build financial buffers. Sufficient to face any future fluctuations in international oil prices.

On the other hand, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, praised the results of his meeting with members of Parliament yesterday, Saturday.

In a separate statement to the Central Bank, which was received by Shafak News Agency, the Governor of the Bank provided a full explanation of the Central Bank’s tasks, the mechanisms for buying and selling foreign currency, and the supervision of the banking sector.

The governor also presented, according to the statement, the justifications that necessitated the adjustment of the foreign currency exchange rate and the results that have been achieved and will be achieved in the medium and long term, indicating that the Central Bank is studying the issue of the exchange rate from its various aspects, and public financial institutions must perform their tasks in a complete manner to achieve all the objectives of the decision.

Earlier today, Sunday, the owners of banking offices in Baghdad demanded that the Central Bank determine its position on the process of changing the price of the dollar.

The exchange rates of the dollar (yesterday and today) witnessed a continuous decline amid political statements calling for the reduction of dollar prices with the improvement and rise in oil prices, and the owners of exchange offices worked hard in selling the dollar and the lack of clarity about the government’s direction to reduce the dollar price or not.

And yesterday, Saturday, the Iraqi Council of Representatives held a meeting headed by Hakim Al-Zamili, the first deputy speaker of the Council, to discuss the reality of the dollar exchange rate against the local currency.

The Governor of the Central Bank, Mustafa Ghaleb Mokhif, his deputy and a number of officials in the bank attended the meeting, while Finance Minister Ali Allawi and his ministry boycotted the meeting.

In his speech during the start of the meeting, Al-Zamili promised the Minister of Finance to question him under the dome of Parliament, and to issue a decision banning him from traveling outside Iraq.

It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives.

As a result, according to specialists, the annual inflation in Iraq rose significantly, so that the prices of all materials and commodities in the Iraqi market rose significantly, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.

Shafaq.com

The dollar continues to decline against the dinar.. the continued depreciation of the exchange rate in Baghdad

Shafaq News / Hours after the opening of the Baghdad market declined on Sunday, the exchange rates of the US dollar against the Iraqi dinar continued to decline, on the main stock exchange in the capital, Baghdad.

Shafak News Agency correspondent said that the Central Kifah and Al-Harithiya Stock Exchange in Baghdad registered at 3 pm this evening 144,300 Iraqi dinars, compared to 100 US dollars.

While the dollar exchange rates recorded this morning in Baghdad 145,400 Iraqi dinars, compared to 100 US dollars.

Our correspondent indicated that buying and selling prices decreased in banking shops in the local markets in Baghdad, where the selling price amounted to 143500 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 145500 Iraqi dinars per 100 US dollars.

The owners of the exchange offices in Baghdad confirmed earlier today, Sunday, that they had expanded the difference between buying and selling to ten figures, and while they demanded the Central Bank to determine its position on the process of changing the price of the dollar, an economist considered that the fluctuation in the price of the dollar led to a recession in markets.

Shafaq.com

The Dollar exchange rate will be reduced gradually if approved

Almasalah.com