Iraqi Dinar/US Dollar auction results for 6-12-2022 executed  6-9-2022

Iraqi Dinar/US Dollar auction results for 6-12-2022 executed  6-9-2022

10K Iraqi Dinar notesThe results of the foreign currency sale window Sunday 12/6/2022
Announcement No. (4663)

Sale date – Sunday 12/6/2022

Amount
Total sales for the purposes of strengthening balances abroad (remittances, credits)
214,851,247

Total cash sale
19,950,000

Total sales
234,801,247

Note that:

The selling price of the amounts transferred to bank accounts abroad is ( 1460 ) dinars per dollar.

The cash sale price is ( 1460 ) dinars per dollar.

cbi.iq/currency_auction/view/1291

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Al-Maliki’s Coalition: The Food Security Law Is Unconstitutional And Is Nothing More Than A Dead Letter

Al-Maliki’s Coalition: The Food Security Law Is Unconstitutional And Is Nothing More Than A Dead Letter

Al-Malikis Coalition - The Food Security Law Is Unconstitutional And Is Nothing More Than A Dead LetterEarth News / Today, Thursday, the State of Law coalition considered the emergency food security support law illegal and cannot be applied despite the vote of the Iraqi parliament unless the next federal government is formed.

And the coalition said in a statement, received by Earth News, that “the law of emergency support for food security, and despite its inclusion by our deputies of paragraphs useful for the popular classes and the various social strata of those whose contracts have been terminated, the holders of higher degrees, farmers and others, but it collides with the decision of the Federal Court as it is unconstitutional and a decision was issued against him.” It has become an obligation.”

He added, “It was our position that the government would resort to other alternatives that preserve the constitutional and legal contexts, but the insistence of the Presidency of the Parliament to proceed with it and its non-compliance with the decision of the Federal Court makes it a regressive step and a violation of the principle of separation of powers and respect for the judicial institution.”

And the coalition added that “according to the decision of the Federal Court, the law is not more than a dead letter but to be implemented when forming the new government,” noting that “the situation was confined between allowing others to proceed with it in its first form tainted by suspicions of corruption and waste of public money and the allocation of sums from Finance is in clear violation because the current government is a daily caretaker government, and between making the amendments that fulfill the demands of the Iraqi people and its various segments and meet the need for food, electricity and real services requirements provided that the judiciary is respected and that this law does not conflict with the decision of the Federal Court.

He concluded that “the realization of the demands of the segments could have been achieved by relying on the law of financial management and exchange according to the 1/12 system and that it is not permissible to insist on violating the Federal Court because that challenges the judiciary and thus challenges the entire political process.”

Earthiq.news

BGG ~ Kinda’ curious how Maliki’s gang is sooooo spun up about this “Law”. When was the last time you heard these crooks complaining about a “bad law”?? Never seemed to bother them before…

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Al-Fateh Considers Parliament’s Approval Of Food Security “Organized Theft”

Al-Fateh Considers Parliament’s Approval Of Food Security “Organized Theft”

Al-Fateh Considers Parliaments Approval Of Food Security Organized TheftToday, Thursday, the leader of the Al-Fateh Alliance, Ali Hussein, considered the parliament’s approval of the Food Security Law as an organized theft and waste of public money, while revealing the proportion of the law allocated to the Iraqi people.

Hussein said in an interview with the “Information” agency, that “the percentage obtained by the Iraqi people from food security allocations does not exceed 3%,” wondering, “How is the vote on a law whose title is different from its content?”

He added, “The Iraqi people need food and do not need this law, especially at this critical time and in light of a caretaker government, political problems, security instability and disasters in most government areas.”

The leader in Al-Fateh explained that “food security is waste and theft of money, but in an organized manner and does not fall within the financial control, as is the case with the federal budget,” calling on members of the House of Representatives to “feel the level of responsibility that has been placed upon them to serve the Iraqi people, for history is merciless and that the people do not Have mercy and God Almighty is on the lookout.”

Member of the Parliamentary Finance Committee, Representative Jamal Kougar, had previously confirmed to Al-Maalouma that the food security law that Parliament voted on yesterday does not match its title with its content, indicating that the financial distribution in the law was negative and far from the main content and objectives of the law and what was allocated for food. Not more than 25% of the original amount

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Al-Sadr puts his opponents in the critical corner through the gate of the Food Security Law

Al-Sadr puts his opponents in the critical corner through the gate of the Food Security Law

Al-Sadr puts his opponents in the critical corner through the gate of the Food Security LawOnce again, the leader of the Sadrist movement, Muqtada al-Sadr, puts his opponents in the divided Shiite house (the coordinating framework forces) in front of a critical angle, but this time through the gateway to pass the emergency support law for food security.

Al-Sadr, who leads an alliance with the Sunnis (the Alliance of Sovereignty led by Muhammad al-Halbousi, the speaker of parliament) and the Kurds (the Kurdistan Democratic Party led by Massoud Barzani) has through this alliance a parliamentary majority capable of passing laws in Parliament. Although Al-Sadr’s tripartite alliance was unable to pass its candidate for the position of President of the Republic because the position of President requires a two-thirds majority in Parliament, which he does not possess, but he has a majority of half plus one, which is necessary to pass the rest of the laws within the parliament.

In this context, the law on emergency support for food security that the Iraqi parliament had to pass before the start of the legislative recess for parliament, which begins today (Thursday), the Sadr coalition wants to pass as it meets the basic needs of the Iraqi citizen, especially since the government cannot present the budget to Parliament Being a caretaker government.

However, al-Sadr’s alliance, which often has the possibility of passing it, fears the possibility of challenging it before the Federal Court and does not fear the objections of its opponents from the forces of the coordinating framework. The decisions issued by the Federal Court are final and obligatory to implement, which makes passing it by a majority risk that can end when the Federal Court accepts the appeal, which made the Sadr coalition looking for a compromise formula to pass the law.

The Federal Court had accepted the appeal submitted by deputies from the Coordination Framework Forces and independent deputies regarding the submission of the government of Mustafa Al-Kazemi, the draft law on emergency support for food security to Parliament.

The merits of the appeal stated that the caretaker government does not have the authority to submit bills. In an attempt by Parliament to reintroduce the law, it went to a clause in the constitution that gives Parliament the right to submit proposals for laws. However, there are legal experts who believe that this formula is also subject to appeal, since the proposals for laws discussed by Parliament must go to the government and return to Parliament as a bill, which the caretaker government does not possess.

Regarding this complex issue, the Iraqi parliament, which faced two days ago massive demonstrations in front of one of its gates that almost led to protesters entering the parliament building, is seeking to pass this law that would silence the voice of the street, even temporarily, especially crossing the summer months in light of a sharp rise in temperatures. And a significant shortage in the supply of electricity due to Iran cutting off gas supplies to Iraq due to debts. Although Prime Minister Mustafa Al-Kazemi confirmed, in his press conference, the day before yesterday, which was attended by Asharq Al-Awsat, that his government has handed over the Iranian debts owed by it, but he revealed that Iran owes debts to previous governments.

The conflict between Al-Sadr’s tripartite alliance and the forces of the coordination framework revolves around this law, as it enables the Al-Kazemi government to continue while giving it additional funds, which means its ability to maneuver, in addition to that, the coordination framework sees that Al-Kazemi’s government is close to Al-Sadr and his alliance, which means The framework, by agreeing to pass the law, is as if to give them what they want on a platter of gold. But in return, the law solves part of the Iraqis’ problems, especially in the areas of electricity, water and many services, as well as the file of lecturers and contract holders, which are pressing issues.

Al-Sadr’s alliance, if the law does not pass, will put the forces of the coordination framework in the face of the angry street. And if the law is passed, this coalition will be in a comfortable position, since it has the majority capable of passing it. For their part, the forces of the coordination framework, and through statements or tweets issued by its leaders, are trying to pass the law to avoid the anger of the street, but by including paragraphs that serve their audience, which makes them, if the law passes, say that they pressured to pass the paragraphs they demand, and thus put themselves in a position Victorious in front of the audience.

Rawabetcenter.com

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Al-Sadr: The Sadrist bloc’s deputies are ready to resign

Al-Sadr: The Sadrist bloc’s deputies are ready to resign

Al-Sadr - The Sadrist blocs deputies are ready to resignShafaq News / On Thursday, the leader of the Sadrist movement, Muqtada al-Sadr, directed deputies of the Sadrist bloc in the Iraqi Council of Representatives to write their resignations in preparation for submitting them to the presidency of the Council, against the background of the continued obstruction of the formation of a majority government by the coordination framework that includes Shiite political forces.

Al-Sadr said in a televised speech today, “If the survival of the Sadrist bloc is an obstacle to forming a government, all the bloc’s deputies are ready to resign.”

Al-Sadr renewed his refusal to form the next Iraqi government on the principle of consensus, and said, “These are two options: either the opposition, or the withdrawal, and in general, Iraq does not need an absolute government, but rather an absolute government with a majority that serves its people and restores its prestige.”

He added, “Let my dear Sadrist bloc deputies write their resignations and submit them to the Presidency of the House of Representatives after instructing them to submit them in the coming days.”

Shafaq.com

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The formation of the government is no longer important!

Talabani on the emergency support law: a detour .. and the formation of the government is no longer important!

Ala Talabani on the emergency support law - a detour .. and the formation of the government is no longer importantWednesday, former parliament member and leader of the Patriotic Union of Kurdistan, Ala Talabani, commented on the “emergency support law.”

Talabani said in a blog post that “what was passed today in the name of food security is a circumvention of the budget law and the transfer of the powers of the caretaker government to full financial powers.”

He stressed that “after that, the formation of the government was no longer an important matter.”

burathanews.com

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Expert Warns: The Absence Of The Right Policies Will Turn The Financial Abundance Into A “Curse”

Expert Warns: The Absence Of The Right Policies Will Turn The Financial Abundance Into A “Curse”

Expert Warns - The Absence Of The Right Policies Will Turn The Financial Abundance Into A CurseInformation / Baghdad.. The economic expert Younis Al-Kaabi stressed, on Saturday, that the financial abundance that occurs must be in honest hands keen to employ it in the development of basic sectors to be in the future an essential tributary to the treasury with oil imports, warning that abundance will turn into a “curse” if policies are absent. correct.

Al-Kaabi said in a statement to “Information”, that “the rise in oil prices as a result of the international conflict and the Russian-Ukrainian war is an opportunity that will not be compensated for by the Iraqi treasury, which has generated large and continuous financial savings for this year and next, according to experts and international data.”

He added, “These large funds must be in the hands of specialists who are keen on the people’s money and must be employed and exploited in the development of the industrial, agricultural, tourism and service sectors to be in the future an essential tributary to the treasury with oil imports,” noting that “this abundance is a blessing from God to the Iraqi people and an irreplaceable opportunity. drained of consumer issues that will become a curse on the Iraqi people.”

Al-Kaabi called on the political forces to “accelerate solving the political blockage crisis, giving priority to the interest of the people over the Iraqi people over partisan and factional interests, and forming the government as soon as possible so that a solid economic policy is put in place that preserves these booms because they are a blessing and on the contrary, it will be a curse on the Iraqi people.”

almaalomah.me

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Parliamentary Integrity: The emergency support law will delay approving the country’s budget

Parliamentary Integrity: The emergency support law will delay approving the country’s budget

Parliamentary Integrity - The emergency support law will delay approving the countrys budgetShafaq News / The head of the Iraqi Parliament’s Integrity Committee warned today, Saturday, of the delay in approving the country’s general budget if the emergency support law is passed.

“Although the emergency support law is an emergency measure that must be adopted to finance important benefits in the joints of the state, ministries and the interests of citizens, it will delay the approval of the federal budget, which is solutions to many problems and benefits with the rise in oil prices in global markets,” MP Nahida Al-Dini told Shafaq News.

And Al-Daini called for “the adoption of an integrated budget that guarantees the financing of grades and job benefits for all segments whose applications and benefits have been pending for years, and the financing of ministries with the necessary budgets to carry out their service duties towards the people.”

And she added, “The approval of emergency support and the allocation of high amounts in its provisions will weaken the budget allocations in light of the extensive financial benefits and the state’s internal and external obligations,” continuing by saying, “Emergency support is a measure and a necessary solution in the current circumstance because the government is not formed and the current government remains under pain of conduct and lack of business. Its powers to pass any law or send it to the current parliament.

She explained that “the budget law is prepared by the government and sent to Parliament, but the remaining period after the expiry of half a year requires finding alternative solutions to the budget law to cross the current year and prepare an integrated budget for the next year, which is the reality in light of the current political crisis.”

On May 19, the House of Representatives completed the first reading of the proposed law on emergency support for food security and development.

On the 18th of the same month, the Finance Committee submitted this proposal to the Presidency of the Iraqi Council of Representatives as an alternative to the project submitted by the current caretaker government headed by Mustafa Al-Kazemi.

The law on emergency support for food security sparked controversy between representatives and political blocs and those interested in political affairs between supporters and opponents, before the Federal Supreme Court vetoed the law and invalidated the law because the current government is a government for the conduct of daily business and it is not within its powers to legislate laws, propose them or send them to the House of Representatives.

And the Federal Supreme Court (the highest judicial authority in Iraq), decided May 15, 2022, to cancel the draft law on emergency support for food security and development based on a lawsuit filed by Representative Basem Khashan, while it indicated that Al-Kazemi’s government is a caretaker and is not entitled to send bills, contract loans or appoint In the higher positions of the state and exempting them or restructuring ministries and departments.

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Al-Sadr moves the competition arena by “passing laws” in Parliament

Al-Sadr moves the competition arena by “passing laws” in Parliament

Al-Sadr moves the competition arena by passing laws in ParliamentWhile the initiative of the independent representatives remained in place, both major Shiite forces (the Sadrist movement and the coordination framework) are not ready to concede to one another, despite the passage of 7 months since the parliamentary elections.

The political stalemate in the country continues, especially with the absence of any indications of a Kurdish-Kurdish rapprochement that could solve the knot of the post of President of the Republic.

In the meantime, the arena of competition between the two alliances moved from a search for a solution to the complex of the President of the Republic to Parliament. Al-Sadr, who gave his opponents in the Shiite house more than one deadline to form a government without him, began to act from within Parliament by passing the laws he wanted to pass.

More importantly, he forced his Shiite opponents to vote unanimously on the law criminalizing normalization with Israel on the grounds that it is not possible to stand against this law. Muqtada al-Sadr leads the tripartite alliance, while the coordination framework is led by a group of personalities, most notably Nuri al-Maliki, Hadi al-Amiri, Qais al-Khazali, Ammar al-Hakim and Haider al-Abadi.

But Al-Sadr, who was the owner of the idea and the project, performed a prayer of thanks after legislating the law, while his opponents, who gave him the opportunity of this victory, returned to quarrel with him over the position on the prime minister. The same applies to its ally, the Kurdistan Democratic Party led by Masoud Barzani, whose party’s deputies voted to criminalize the normalization law, despite the emergence of voices in Kurdistan to stand against this law, at least in terms of the fact that Iraq has legislated since 1969 a law prohibiting the promotion of Zionism, and therefore these voices see This law has nothing more than a political dimension.

Not only that, but the law of emergency support for food security has also turned into an arena of conflict and competition between the two Shiite blocs and their allies. Although the Federal Supreme Court overturned the draft law presented by Mustafa Al-Kazemi’s government to Parliament as an alternative to the draft budget that could not be submitted by a caretaker government, the Sadrist movement, which has the majority in Parliament, was able to submit it again to Parliament through another portal permitted by the constitution. It is a bill, not a bill.

And because al-Sadr has a comfortable majority in Parliament to pass laws that need only a simple majority (half plus one) or an absolute majority of the number of attendees in a full session of Parliament. And in the event that this law is legislated, which has become difficult to overturn by the federation because there is no constitutional basis for it, Al-Sadr will score a major victory for him over his opponents in the coordinating framework forces, since the government headed by Al-Kazemi is currently classified by the coordinating framework forces as close to Al-Sadr.

The dispute over this law between the Sadr and Tire blocs extends to what this law can provide of funds that the government can dispose of, especially if the law is passed with what the government provided in an amount of about 41 trillion Iraqi dinars (about 35 billion US dollars), while the coordination framework He believes that the actual need does not exceed 11 billion dollars. Regardless of whether this law is an alternative to the financial budget or not, it would prolong the political crisis that will put more pressure on the forces of the coordination framework, especially in light of the continuation of Al-Kazemi supported by Al-Sadr, which means that it will either have to Making concessions that al-Sadr is waiting for, or resorting to other ways to deal with the crisis, including riding the wave of the street that is already angry at the deterioration of services, especially electricity, which is the hot file every summer when the temperature starts to rise.

While al-Sadr formed, through his bloc, which topped the election results (75 deputies), the “Save the Nation” alliance that included the Sunni and Kurdistan Democratic “sovereignty”, the “coordinating framework” with its various forces and the multiplicity of its leaders, blocs and factions, was also able to form an alliance that included the On his side, the Patriotic Union of Kurdistan and the Sunni “Azm”. Both alliances have failed over the past months to form a new government at a time when Mustafa Al-Kazemi’s government, which is doing business, continues its responsibilities and authorities, except for signing agreements.

The node is represented in the majority coalition owned by al-Sadr calling for the formation of a national majority government, but he was unable to gather enough votes to elect a president of the republic, since the position of the president of the republic, according to the constitution, needs a two-thirds majority of parliament members, which means 220 votes out of a total of 329 votes. And because the two Kurdish parties must agree to choose one candidate for this position, which is customarily part of the Kurdish quota, the failure to reach consensus led to the violation of constitutional deadlines.

rawabetcenter.com

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Global economic data: Iraq will record the second highest growth rate in 2022

Global economic data: Iraq will record the second highest growth rate in 2022

Shafaq News / Forecasts prepared in April 2022 showed that the global economy is expected to grow by 3.6% this year, and this comes in light of the pressures it is facing.

The RT station, quoting Statista, published data from FMI and the World Economic Outlook, which indicated that ten economies in the world are expected to grow at the highest pace in 2022, and the list included 3 Arab countries.

According to a graph by “Statista”, a German company specializing in market and consumer data, the Iraqi economy will grow at a rate of 9.5% this year and will rank second in the list after Guyana, which will lead the world’s economies in growth, as its economy is expected to grow by 47.2%.

In third place comes Kuwait (8.2%), then India (8.2%), followed by Saudi Arabia (7.6%), then Panama (7.5%), Niger (6.9%), then the Philippines (6.5%), Falcongo (6.4%), And then Bangladesh (6.4%).

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