IRAQI DINAR POLITICS & ECONOMY

Al-Waqae ‘newspaper publishes the general budget for 2021

Al-Waqae ‘newspaper publishes the general budget for 2021

04-18-2021 12:20 PM

On Sunday, the official newspaper Al-Waqi’a published the fiscal budget law for 2021. By publishing the law in the official newspaper, Read more…

Parliamentary movement to make amendments to the oil and gas law

Parliamentary movement to make amendments to the oil and gas law

04/18/2021 07:47:21

The Parliamentary Oil and Energy Committee has opened the cabinet and the Ministry of Oil for the purpose of expediting amendments to the oil and gas law and sending it to Parliament.

Committee member Sadiq Al-Sulaiti said, in a press interview, that the oil and gas law is one of the most important stalled laws, and the Parliamentary Oil Committee Read more…

Legal expert explains the importance of Iraq leaving the British classification of high risk countries

Legal expert explains the importance of Iraq leaving the British classification of high risk countries

04/18/2021 18:18:57

The legal expert, Tariq Harb, explained the importance of Iraq leaving the British classification of high risk countries.

Harb said {to Euphrates News} that “many foreign companies were reluctant to enter into projects inside Iraq; but after the recent British decision, the doors of work were opened in front of them.”
He added, “We find foreign companies currently operating Read more…

Nassif confirms: Al-Kazemi rejected the Finance Minister’s decision to withhold salaries due to pressure

Nassif confirms: Al-Kazemi rejected the Finance Minister’s decision to withhold salaries due to pressure

Sunday 18 April, 2021 | 01:57 PM

A member of the House of Representatives, Alia Nassif, confirmed, on Sunday, that the Prime Minister’s retreat from approving Finance Minister Muhammad Allawi’s book on the tax deduction for employees ’salaries came as a result of media and specialist pressure .

Nassif said, “Finance Minister Muhammad Allawi’s decision to impose tax Read more…

Advisor to the Prime Minister reveals the budget materials that the government will challenge

Advisor to the Prime Minister reveals the budget materials that the government will challenge

4/18/2021 14:32

[Baghdad-Where]
Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, revealed the articles that the government will challenge in the 2021 fiscal budget law.
Saleh said, “The two most important points that will be included in the government appeals to the budget are Read more…

Al-Rafidain raises the interest of saving accounts for depositors their money

Al-Rafidain raises the interest of saving accounts for depositors their money

04/17/2021 10:10:32

{Baghdad: Al Furat News} Today, Saturday, the Rafidain Bank announced that the interest rate for citizens’ savings accounts will be raised to 4.5 percent.

The bank’s media office said in a statement that Al Furat News received a copy of, that “based on the bank’s policy aimed at maximizing revenues in order to attract cash and encourage customers to save their money instead of hoarding it at home, the bank decided to increase the interest rate Read more…

Parliamentary Finance: We have no choice but to question and dismiss the Minister of Finance

Parliamentary Finance: We have no choice but to question and dismiss the Minister of Finance

2021-04-17

A member of the Parliamentary Finance Committee, Muhammad Al-Shabaki, confirmed, on Saturday, that the Minister of Finance Ali Allawi’s continuation of this approach may prompt us to interrogate him as he failed to manage the financial policy.

Al-Shabaki said in a press statement, “The Minister of Finance’s letter is a recommendation to the Council of Ministers to make tax deductions retroactively Read more…

Deputy: The Minister of Finance’s decision is a collective punishment of the people

Deputy: The Minister of Finance’s decision is a collective punishment of the people

4/17/2021 15:31

[Baghdad-Where]
Representative Bahar Mahmoud, on Saturday, expressed her surprise at the Finance Minister’s proposal to impose taxes on the salaries of employees under the pretext of maximizing their resources, indicating that the salaries of employees were originally reduced with the increase of the dollar price.
Said Mahmoud in a statement, it can not be the Ministry of Finance to maximize Read more…

Dollar exchange rates in the local market for today

Dollar exchange rates in the local market for today

2021/04/16

Baghdad / Al-Mawred News
Al-Mawred News publishes the exchange rates of the US dollar against the Iraqi dinar on Friday (April 16, 2021). Read more…

A deputy calls on the government to evaluate the pros and cons of the decision to raise the exchange rate

A deputy calls on the government to evaluate the pros and cons of the decision to raise the exchange rate

2021-04-16 | 03:56

Alsumaria News / Baghdad

, a member of the Parliamentary Economic and Investment Committee, Nada Shaker Jawdat, called on the government to conduct a comprehensive study and evaluation of the negative and positive aspects of the decision to raise the exchange rate of the dollar against the dinar, while indicating a set of measures that must be taken in the event of insisting on keeping the exchange rate as it is now.

Jawdat said in an interview with Alsumaria News, “With regard to the issue of raising the exchange rate Read more…

Will the dollar exchange rise to 1600 dinars? Governmental response and important clarification

Will the dollar exchange rise to 1600 dinars? Governmental response and important clarification

Posted, 04/16/2021 22:31:14

The government responded to the news of the intention to raise the exchange rate of the dollar to 1600 dinars to one US dollar in the local market.

Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, said in a press statement that “the current fluctuation in the exchange rate of the dollar, which ranges between 145 to 147 thousand dinars for one hundred dollar bill, is Read more…

“A breakthrough is imminent.” Adviser to the Prime Minister: Three factors to curb price increases

“A breakthrough is imminent.” Adviser to the Prime Minister: Three factors to curb price increases

04/16/2021 11:27:04

The Prime Minister’s Adviser for Economic Affairs, Mazhar Muhammad Salih, identified three basic factors to limit the rise in prices of goods and commodities in the local markets.

Saleh pointed out in a press statement, “There is an emergency seasonal price gap controlled by the rise in the prices of some imported food commodities that are determined by the global stock exchanges, for reasons Read more…

Parliament threatens to question the Minister of Finance if he does not back down from the tax deduction for employees

Parliament threatens to question the Minister of Finance if he does not back down from the tax deduction for employees

4/16/2021 14:30

[Baghdad-Where]
The Finance Committee rejected, on Friday, what was stated in the Ministry of Finance’s book No. 880 of 4/13/2021 on tax deduction and the minister’s recommendation to return to work with Financial Instructions No. 1 of 2007, threatening to question him if he does not retract the decision.
Committee member Magda Al-Tamimi said in a statement, that she refuses to “implement the instructions referred to above, as it is not permissible Read more…

Parliamentarian attacks the Minister of Finance: He declared war against the people, he must be dismissed

Parliamentarian attacks the Minister of Finance: He declared war against the people, he must be dismissed

4/16/2021 14:34

[Baghdad-Where]
Representative Alia Nassif, on Friday, criticized the proposal submitted by the Minister of Finance to the General Secretariat of the Council of Ministers regarding withholding taxes from the salaries of employees, indicating that this proposal, if implemented, is plundering the pockets of employees and blessing the thefts of the corrupt, calling all members of Parliament to Voting on the removal Read more…

Al-Kazemi: We will challenge some provisions of the budget, and there are those who are betting on entering a civil war

Al-Kazemi: We will challenge some provisions of the budget, and there are those who are betting on entering a civil war

04/15/2021 18:01:44

The Prime Minister, Mustafa Al-Kazemi, announced that the government intends to challenge some paragraphs of the Federal Budget Law for 2021.

During his meeting with a group of tribal sheikhs and notables from Muthanna Governorate, Al-Kazemi said in the host of Sheikh Jaffat Al-Shaalan, “We are honored today to meet our people in Muthanna, and here in this well-known divan in the history of Iraq, we recall the contribution Read more…

$ 113 billion … Iraq’s internal and external debts

$ 113 billion … Iraq’s internal and external debts

4-15-2021

Mazhar Muhammad Salih, the financial advisor to the Iraqi prime minister, said Thursday that his country’s internal and external debts amount to $ 113 billion, of which $ 40 billion is debt pending in favor of eight countries since the 1980s and 1990s.

Saleh added, in a statement to the official news agency, that “foreign debts on Iraq have accumulated due to the war on ISIS, and others are due to development projects provided by global funds worth 23 billion dollars, payable.”

The value of the public debt owed by Iraq constitutes 49.1 percent Read more…

A parliamentary bloc submits 14 recommendations to combat financial and administrative corruption

A parliamentary bloc submits 14 recommendations to combat financial and administrative corruption

4/15/2021 13:23

[Baghdad-Where]
The National Approach bloc presented, on Thursday, 14 recommendations to combat financial and administrative corruption.
The head of the bloc, Ammar Tohme, said in a statement, “The culture and practices of selfishness in the positions of authority and the resulting appropriation of public capabilities and the spread of corruption have damaged the entire existence of the Iraqi state, and there must be a sincere and serious political will Read more…

Parliamentary law resolves the controversy: the budget has become legally enforceable and cannot be modified

Parliamentary law resolves the controversy: the budget has become legally enforceable and cannot be modified

2021-04-14 08:38

Shafaq News / The Parliamentary Legal Committee confirmed, on Tuesday, that the General Budget Law for 2021 has become legally enforceable and that no amendment can be made to its provisions.

A member of the committee, Salim Hamza, told Shafaq News, “Parliament voted on the General Budget Law for 2021 and the President of the Republic, Barham Salih, approved the law, and thus it became legally enforceable, and it is not possible Read more…

Al-Fatlawi: The government must take measures to reduce the exchange rate of the dollar

Al-Fatlawi: The government must take measures to reduce the exchange rate of the dollar

Wednesday 14 April 2021 | 09:25

The deputy of the Al-Fateh Alliance, Fadel Al-Fatlawi, carried the central government the reason for the continued rise in the exchange rate of the dollar in the local markets, pointing out that the government did not respond to Parliament’s demands on reducing the exchange rate .

Al-Fatlawi said, “Poverty levels have risen a lot as a result of the fiscal policy Read more…

Al-Fath: We will collect signatures during the next session to question the governor of the bank and download the price of the dollar

Al-Fath: We will collect signatures during the next session to question the governor of the bank and download the price of the dollar

Posted, 2021-04-14

The Al-Fateh Alliance announced, on Tuesday, its intention to collect signatures during the next session to question the governor of the Central Bank and download the price of the dollar to a range from 145 to 119 thousand dinars to 100 dollars.

The deputy for Al-Fateh Mukhtar Al-Mousawi said, “The first session of parliament will be held during which signatures will be collected for the interrogation Read more…