IRAQI DINAR POLITICS & ECONOMY

Representative of Al-Fath Hamid Al-Moussawi: The government did not keep its promise to the citizen after raising the dollar exchange rate

Representative of Al-Fath Hamid Al-Moussawi: The government did not keep its promise to the citizen after raising the dollar exchange rate

2021-09-19

A member of the Parliamentary Committee on Economy and Investment, Hamid Al-Moussawi, confirmed on Sunday that the government did not abide by its promises it made after raising the dollar exchange rate in the local markets, pointing out that many of the revenues were not used properly, which caused suffering, especially Read more…

The Electoral Commission reveals to Shafak News the details of the special vote

The Electoral Commission reveals to Shafak News the details of the special vote

2021-09-18 09:01

Shafaq News/ The Independent High Electoral Commission in Iraq revealed today, Saturday, the details of the special voting for the early parliamentary elections.

Commission spokeswoman Jumana Al-Ghalai told Shafaq News Agency, “The special vote for the security services, the displaced, and the prison inmates, will take place on Read more…

Baghdad markets close to the stability of dollar exchange rates

Baghdad markets close to the stability of dollar exchange rates

2021-09-18 07:56

Shafaq News/ The exchange rates of the US dollar stabilized against the Iraqi dinar, with the closure of the main stock exchange in the capital, Baghdad, on Saturday evening. Read more…

The International Monetary Fund expects the debt ratio in Iraq to drop to 70%

The International Monetary Fund expects the debt ratio in Iraq to drop to 70%

Saturday 18 September 2021 | 01:10 PM

On Saturday, the International Monetary Fund expected that the ratio of Iraq’s public debt to GDP would reach 70% during 2021 .

The fund said, “The ratio of the public debt to the gross domestic product of Iraq amounted to 81.2% during the year 2020,” and expected “a decrease for the current year 2021 to 69.7 %.”

He added that “the decline in debt in Iraq comes after Read more…

Al-Kazemi’s advisor acknowledges the existence of a financial deficit in the draft budget 2022

Al-Kazemi’s advisor acknowledges the existence of a financial deficit in the draft budget 2022

Saturday 18 September 2021 | 02:31 PM

The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, acknowledged, on Saturday, the existence of a financial deficit in the draft general federal budget law for the year 2022, indicating that it is of a consumer nature and there is nothing left for development and projects .

Saleh said, “The public financial dilemma in Iraq is that oil and non-oil revenues Read more…

Accelerating the withdrawal of US combat forces from Iraq: support for Al-Kazemi and the success of the elections

Accelerating the withdrawal of US combat forces from Iraq: support for Al-Kazemi and the success of the elections

9-18-2021

In the first practical measure to implement the Iraqi-American agreement to withdraw combat forces from the country by the end of this year, Iraqi and American military leaders held an expanded meeting in Baghdad, on Friday morning, which led to an agreement stipulating the start of the process of reducing American combat capabilities in the country, which are located within two bases. “Harir” in Erbil and “Ain al-Assad” in Anbar, with the completion of the operation Read more…

The Kurdistan Democratic Party is likely to return its headquarters to Article 140 areas at the end of this year

The Kurdistan Democratic Party is likely to return its headquarters to Article 140 areas at the end of this year

2021-09-17 09:03

Shafaq News / The Kurdistan Democratic Party suggested, on Friday, the return of its party and political headquarters to the disputed areas before the end of this year, while confirming the existence of full agreements and understandings for the gradual return of the party’s headquarters to those areas.

The Kurdistan Democratic Party was forced to leave its headquarters in the disputed areas covered by Article 140 of the Constitution after the military campaign Read more…

Iraq defines mechanisms for recovering smuggled funds abroad

Iraq defines mechanisms for recovering smuggled funds abroad

September 17, 2021 2:57 PM

Mubasher: The Parliamentary Integrity Committee identified, today, Friday, the methods of recovering the smuggled funds outside Iraq, while the funds smuggled abroad were divided into two parts.

Committee member Sabah Talobi told the Iraqi News Agency (INA): “There is a committee on the issue of recovering looted funds and it is reinforced by the issuance of a law (from where did you get this?), which had an important Read more…

Shafak News publishes the text of the Iraqi government’s decisions

Shafak News publishes the text of the Iraqi government’s decisions

2021-09-17 07:58

Shafaq News/ The Iraqi government held its weekly session, headed by Mustafa Al-Kazemi, on Thursday, during which it took a number of decisions.

According to a statement by Al-Kazemi’s office received by Shafaq News Agency, after discussing the topics on the agenda, the Council of Ministers issued the following decisions:

First / Based on what was stated in the instructions for implementing the federal budget for the year 2021, Read more…

Economist: Iraq’s annual imports exceed 140 trillion dinars

Economist: Iraq’s annual imports exceed 140 trillion dinars

2021-09-16 | 04:38

Alsumaria news

The economic expert, Nasser Al-Kinani, confirmed, today, Thursday, that the main problem in each budget is the operational budget allocations, while referring to Iraq’s annual imports, according to oil prices currently, in addition to other revenues, which exceed 140 trillion dinars.

Al-Kinani said in an interview with Alsumaria News, “Next year’s budget is still in the government’s inclusion, Read more…

A slight increase in the exchange rates of the dollar in Baghdad and its stability in Kurdistan

A slight increase in the exchange rates of the dollar in Baghdad and its stability in Kurdistan

2021-09-16 08:34

Shafaq News/ The exchange rates of the US dollar rose slightly against the Iraqi dinar, on Thursday, in the main stock exchange in the capital, Baghdad, while prices stabilized in Kurdistan. Read more…

Iraq reveals the recovery of $38 million “smuggled” from three countries

Iraq reveals the recovery of $38 million “smuggled” from three countries

2021-09-16 06:35

Shafaq News/ The Deputy Head of the Iraq Funds Recovery Fund, Moataz Al-Abbasi, revealed on Thursday that about $38 million in Iraqi funds were recovered abroad.

The Iraqi capital, Baghdad, is hosting the work of the second day of the International Conference for the Recovery of Stolen Funds and Smuggled Assets, under the auspices of Prime Minister Mustafa Al-Kazemi, with Read more…

Alia Nassif: The refund process must start from within first

Alia Nassif: The refund process must start from within first

Thursday 16 September 2021 | 12:35 pm

The Parliamentary Integrity Committee confirmed, on Thursday, that the process of recovering funds must start from within, noting that the stolen funds are not only related to budgets, but to many joints, including state real estate, oil smuggling and others .

Committee member MP Alia Nassif said, “The money recovery conference is a positive step Read more…

The Kurdistan Democratic Party warns of the possibility of annulment of the results of the Iraqi elections

The Kurdistan Democratic Party warns of the possibility of annulment of the results of the Iraqi elections

2021-09-15 09:20

Shafaq News/ The leader of the Kurdistan Democratic Party, Hoshyar Zebari, did not rule out on Wednesday the possibility of canceling the results of the parliamentary elections to be held in Iraq next October if they do not meet international standards.

Zebari said in a speech during his participation today in an electoral rally for his party’s supporters, that this election differs from its predecessors because Read more…

Iraq is making a sharp cut in its oil prices for the American market

Iraq is making a sharp cut in its oil prices for the American market

2021-09-15 08:53

Shafaq News/ Iraq made sharp reductions in the price of its crude oil to its customers in the United States, in a move described by Bloomberg Economic Agency as striking.

The agency said that Basra Light crude was sold in October at a discount Read more…

With the closure of Baghdad markets.. an increase in the price of the dollar

With the closure of Baghdad markets.. an increase in the price of the dollar

2021-09-15 08:49

Shafaq News/ The exchange rates of the US dollar rose against the Iraqi dinar, on Wednesday evening, with the closure of the main stock exchange in the capital, Baghdad. Read more…

Iraq indicates “weakness” in international efforts to recover looted funds

Iraq indicates “weakness” in international efforts to recover looted funds

2021-09-15 08:43

Shafaq News/ The Iraqi Minister of Justice, Salar Abdul Sattar Muhammad, said today, Wednesday, that there is a “weakness” in international efforts regarding the recovery of looted Iraqi funds.

He added, during his speech at the opening of the International Conference for the Recovery of Stolen Funds, which was held today in Baghdad with wide international participation, that “the Conference for the Recovery of Stolen Funds aims to Read more…

Al-Kazemi announces that Iraq will recover part of its looted money

Al-Kazemi announces that Iraq will recover part of its looted money

2021-09-15 08:40

Shafaq News/ Prime Minister Mustafa Al-Kazemi announced on Wednesday that his government succeeded in recovering part of Iraq’s looted funds from abroad.

Al-Kazemi said in a speech during the launching of the proceedings of the international conference to recover the looted funds, that corruption and terrorism are two sides of the same coin, adding, “Corruption was present Read more…

The Truthful: The US withdrawal from Iraq is just a lie

The Truthful: The US withdrawal from Iraq is just a lie

Wednesday 15 September 2021 | 11:18 am

Member of the Al-Sadiqoon Parliamentary Bloc, Hassan Salem, considered, on Wednesday, that the American withdrawal from Iraq is just a lie, indicating that the government did not set a timetable for the withdrawal of foreign forces .

Salem said that “all American promises regarding the withdrawal of its forces from Iraq are a lie,” noting that “Iraq does not need Read more…

The Iraqi government: We will reduce external borrowing to its lowest levels

The Iraqi government: We will reduce external borrowing to its lowest levels

Wednesday 15 September 2021 | 02:27 PM

The Minister of Planning, Khaled Batal Al-Najm, said today, Wednesday, that the ministry’s policies and the government’s directions are moving towards reducing external borrowing to its lowest levels, with the aim of reducing the burden of loans on the national economy .

This came while presiding over an expanded meeting, which included representatives of the ministries of finance, electricity, construction, housing, Read more…