IRAQI DINAR POLITICS & ECONOMY

Iraqi Dinar Guru opinions 2-24-2021

Iraqi Dinar Guru opinions 2-24-2021

2-24-2021 Newshound Guru Jeff Iraq is walking in Kuwait’s footsteps. Kuwait reinstated their currency on March 21, 1991 on Sunday…Iraq is transitioning to the same original fiscal year exactly where they were before the 1990 sanctions. They’re going back to their original fiscal period. I already spoke with the Iraqi government so I have confirmed this. I know for a fact Iraq is transitioning. That’s why they told you they’ll be presenting the budget in just a few months…we are in the best position. History is repeating itself between Iraq and Kuwait…we are very very close to this… Read more…

Parliamentary Finance is likely to pass the budget next Saturday after compatibility with Kurdistan

Parliamentary Finance is likely to pass the budget next Saturday after compatibility with Kurdistan

02-24-2021 11:03 AM

A parliamentary Finance Committee almost, on Wednesday, the arrival of negotiations between Arbil and Baghdad to the end point, indicating that the parliament is ready to pass the budget next Saturday .

Committee member Sherwan Mirza said in a statement to “Tigris”, “The next two days will hold final meetings Read more…

Saleh: There is cautious optimism that reveals real GDP projections for 2021

Saleh: There is cautious optimism that reveals real GDP projections for 2021

02/24/2021 18:05:30

{Baghdad: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Wednesday, that there is optimism about the recovery of the Iraqi economy accompanied by caution, while revealing the real GDP in 2021 according to expectations.
Saleh said {for the Euphrates News} that “the Iraqi economy has begun the recovery phase and growth rates will be positive Read more…

The White House reveals the contents of an “agreement” between Al-Kazemi and Biden

The White House reveals the contents of an “agreement” between Al-Kazemi and Biden

Wednesday 24 February 2021 | 10:20 a.m.

The White House said, Wednesday (February 24, 2021), that US President Joe Biden and Iraqi Prime Minister Mustafa Al-Kazemi discussed, during a phone call, the recent missile attacks on Iraqi and coalition forces, and “agreed that those responsible should be held accountable .”

According to the statement issued by the White House, the two sides discussed Read more…

Finance Minister chairs a meeting on “changing the exchange rate”

Finance Minister chairs a meeting on “changing the exchange rate”

2021-02-24

Today, Wednesday, the Minister of Finance, Ali Abdul Amir Allawi, chaired an expanded meeting to discuss the goals achieved by changing the currency exchange rate.

The ministry said in a statement, that “during the meeting, a review and discussion of the positive effects of changing the exchange rate of the dinar against the dollar and the impact of that step Read more…

Al-Rasheed begins distributing MasterCard (Al-Nakheel) cards to defense personnel

Al-Rasheed begins distributing MasterCard (Al-Nakheel) cards to defense personnel

2/24/2021 12:46

[Baghdad-Where] On
Wednesday, the Rasheed Bank began issuing MasterCard (Al-Nakheel) cards to employees of the Ministry of Defense, in Nineveh.
The bank said in a statement. “Today, MasterCard (Al-Nakheel) cards have started to be distributed Read more…

Al-Kazemi: The absurd missiles are an attempt to embarrass the government, and we will reach the perpetrators

Al-Kazemi: The absurd missiles are an attempt to embarrass the government, and we will reach the perpetrators

02/23/2021 15:54:20

(Baghdad: Al Furat News) The Prime Minister, Mustafa Al-Kazemi, appreciated the general commitment of citizens to the health ban.
Al-Kazemi said during today’s session of the Council of Ministers, “We evaluate highly the efforts of the institutions and state agencies that have contributed to its implementation,” noting that “the escalation of this commitment will enable us to reduce the effects of the new and more dangerous strain of the epidemic.”
He pointed out that “pre-emptive operations against terrorism are continuing Read more…

Legal expert: Increasing the price of the dollar violates the constitution

Legal expert: Increasing the price of the dollar violates the constitution

Tuesday 23 February 2021 | 09:46 am

The legal expert, Ali Al-Tamimi, explained, on Tuesday, that the increase in the exchange rate of the dollar violates the constitution, which stipulates that the government must provide decent living for the citizen, pointing out that Parliament cannot reduce the exchange rate, but it can propose to return the budget to the government for the utmost necessity .

Al-Tamimi said, “Article 62 of the constitution permits parliament, upon the arrival Read more…

Al-Khalidi is surprised that the Council of Ministers formed a committee to study the consequences of changing the currency exchange rate

Al-Khalidi is surprised that the Council of Ministers formed a committee to study the consequences of changing the currency exchange rate

Tuesday 23 February 2021 | 02:26 PM

The head of the committee to follow up on the implementation of the government program and strategic planning, Hazem Al-Khalidi, was surprised today, Tuesday, that the Cabinet had formed a committee to study the consequences of changing the currency exchange rate.

Al-Khalidi said in a press statement, “We were astonished by the decision of the Council of Ministers in its session Read more…

Parliament Presidency: The legislative term does not end before the budget is voted on

Parliament Presidency: The legislative term does not end before the budget is voted on

2021-02-23

The second deputy speaker of Parliament, Bashir Al-Haddad, said today, Tuesday, that the legislative term does not end before the vote on the 2021 budget law.

Al-Haddad said in statements, that the House of Representatives has its legislative recess, and it continues in its current legislative chapter for failure to approve Read more…

The Finance Committee issues a statement about the reasons for the delay in the budget and sends an invitation to the blocks

The Finance Committee issues a statement about the reasons for the delay in the budget and sends an invitation to the blocks

2/23/2021 14:55

[Baghdad-Where]
The Finance Committee in the House of Representatives issued, on Tuesday, a statement about the reasons for the delay in the budget, sending a call to the blocs.
A statement by the committee stated, “Commenting on some of the demands for the need to speed up the approval of the budget, we would like to show that the Parliamentary Finance Committee Read more…

Economist: The dollar’s depletion and smuggling operations have not stopped despite the increase in the exchange rate

Economist: The dollar’s depletion and smuggling operations have not stopped despite the increase in the exchange rate

02-22-2021 10:54 AM

Economic expert Mahmoud Dagher confirmed, today, Monday, that until today, the depletion and the smuggling of dollars abroad have not stopped, despite the process of raising the exchange rate that increased financial pressure on the private sector and the poor.

Dagher said in a statement to “Tigris”, “Reducing the exchange rate of the Iraqi dinar and reducing its importance did not achieve any Read more…

The World Bank: Iraq’s GDP will grow by 1.9% in 2021

The World Bank: Iraq’s GDP will grow by 1.9% in 2021

2021-02-22 00:32

Shafaq News / The World Bank expected, on Monday, that the GDP growth of Iraq will be 1.9% for the year 2021.

The bank said in a report reviewed by Shafaq News Agency; It is “expected that the gross domestic product of Iraq will grow in 2021 Read more…

Parliamentary Finance hands over the budget law to the Presidency of the Council without deducting Kurdistan’s share

Parliamentary Finance hands over the budget law to the Presidency of the Council without deducting Kurdistan’s share

2021-02-22 03:54

Shafaq News / The Parliamentary Finance Committee revealed, on Monday, that it had handed over the draft budget law for 2021 to the Presidency of the Parliament without deducting the share of Kurdistan Region.

A source in the committee told Shafaq News, “The Finance Committee handed over the Presidency of the Council of Representatives the draft general budget law Read more…

The dollar is dropping in Iraq today

The dollar is dropping in Iraq today

02/22/2021 11:02:28

{Baghdad: Al Furat News} The exchange rate of the dollar fell in Iraq on Monday.
The exchange rate in Baghdad Read more…

Oil Minister: The dispute with the region is on the way to a solution, and we agreed on this formula

Oil Minister: The dispute with the region is on the way to a solution, and we agreed on this formula

02/22/2021 12:39:32

{International: Al Furat News} The Minister of Oil, Ihssan Abdul Jabbar, expressed his optimism that the outstanding issues with the Kurdistan region would be resolved in the near future, “if there is confidence between the two sides.”
Abdul Jabbar said in an interview with the BBC, regarding relations with the region: “I think that it is on its way to a solution and there are high-level committees from the Kurdistan region visiting Baghdad Read more…

The Council of Ministers is studying the consequences of changing the currency exchange rate

The Council of Ministers is studying the consequences of changing the currency exchange rate

Monday 22nd February 2021 | 02:50 PM

The Council of Ministers decided to form a committee to study the consequences of changing the currency exchange rate, and to propose the required solutions as far as investment projects are concerned .

The committee is chaired by a representative of the Ministry of Planning, and Read more…

Nouri al-Maliki announces his intention to return to head the Iraqi government again

Nouri al-Maliki announces his intention to return to head the Iraqi government again

2-22-2021

Former Iraqi Prime Minister Nuri al-Maliki demonstrated his ambition to rule Iraq again despite the severe decline in his popularity due to the extremely negative outcome of his two states at the head of government between 2006 and 2014, during which the Iraqi state witnessed a significant decline at various economic, social and security levels, during which corruption was rampant. Unprecedented, hundreds of billions of oil revenues were wasted Read more…

After the rise in oil prices, Iraq announces freezing the pre-payment agreement for crude

After the rise in oil prices, Iraq announces freezing the pre-payment agreement for crude

2/22/2021 11:21

[Baghdad-Where]
Oil Minister Ihssan Abdul-Jabbar announced, on Monday, the freezing of the crude oil prepayment agreement, after higher oil prices than they were when the decision was taken, which was aimed at boosting revenues.
Abdul-Jabbar said in a televised interview. “The ministry decided to freeze the prepayment decision for Iraqi crude Read more…

Allawi: The nuclear agreement is worthless without the stability of the Middle East

Allawi: The nuclear agreement is worthless without the stability of the Middle East

02-21-2021 10:53 AM

The leader of the National Coalition, Iyad Allawi, stressed today, Sunday, that the nuclear agreement between Iran, China, America and European countries has no value without achieving stability and internal security for the Middle East region.

Allawi’s office said, in a statement received by the Tigris, that “the latter had previously issued statements Read more…