IRAQI DINAR POLITICS & ECONOMY

Parliamentary Finance confirms to {Al Furat News} approving the budget today

Parliamentary Finance confirms to {Al Furat News} approving the budget today

03/20/2020 09:41:48

{Baghdad: Al Furat News} The Parliamentary Finance Committee confirmed, on Saturday, the approval of the general budget law for 2021 today.

Committee member Shirwan Mirza told {Al Furat News} that “the issue of approving the general budget is certain today,” indicating that “all political parties agree Read more…

Parliament plans to vote three landmark laws within the next two weeks

Parliament plans to vote three landmark laws within the next two weeks

Saturday 20 March 2021 | 09:20 am

Member of Parliament, Jawad Al-Mousawi, confirmed, on Saturday, the parliament’s intention to vote on three articulated laws during the next two weeks’ session, the most prominent of which is the law to dissolve the House of Representatives .

Moussawi said, “The political activity in the House of Representatives is unprecedented in its history, as it attests to the readiness to vote on three Read more…

MP Al-Salihi announces that there has been “initial approval” on reducing the dollar’s price

MP Al-Salihi announces that there has been “initial approval” on reducing the dollar’s price

Posted, 2021-03-20

On Friday (March 19, 2021), MP Arshad Al-Salihi confirmed that no final agreement had been reached on the budget yet, while announcing that there had been “initial approval” on reducing the dollar’s price.

Salhi said in a press statement, “Since one o’clock in the afternoon in the House of Representatives and the agreement on the budget Read more…

Deputy: The budget voting session will be held this afternoon

Deputy: The budget voting session will be held this afternoon

2021/3/20 12:08

[Baghdad-Where]
Representative Aisha Al-Masari confirmed, on Saturday, that Parliament will hold its session at one in the afternoon in order to approve the 2021 budget.
Al-Masari said, “Parliament will hold its session at one o’clock Read more…

Al-Abadi calls on Parliament to reconsider the exchange rate of the dinar

Al-Abadi calls on Parliament to reconsider the exchange rate of the dinar

2021-03-19 | 02:03

On Friday, the head of the victory coalition Haider al-Abadi called on the House of Representatives to reconsider the exchange rate of the dinar in order to control inflation.
“The reduction in the exchange rate of the dinar has negatively affected citizens, especially those with limited income,” Al-Abadi Read more…

Kurdistan Democratic Party announces the agreement to pass the budget

Kurdistan Democratic Party announces the agreement to pass the budget

03-19-2021 04:52 PM

On Friday, a member of the Parliamentary Finance Committee for the Kurdistan Democratic Party, Bashar al-Kiki, announced that a political agreement had been reached to pass the budget.

Al-Kiki said in a statement, “We congratulate all the Iraqis Read more…

Representative sources: Postponing the session to nine in the evening and the Presidency of Parliament prefers this option with the budget

Representative sources: Postponing the session to nine in the evening and the Presidency of Parliament prefers this option with the budget

03/19/2021 18:27:43

{Baghdad: Al Furat News} Parliamentary sources suggested that the parliament session be postponed to nine o’clock today, Friday, due to the continuing dialogues and discussions on the draft federal budget bill for 2021.

The sources told {Euphrates News}: “There are no indications for the parliament session to take place at present, with the Kurdish blocs insisting Read more…

Parliamentary Finance meets with Kurdish representatives about the budget … and a last resort

Parliamentary Finance meets with Kurdish representatives about the budget … and a last resort

03/19/2021 17:44:14

{Baghdad: Al Furat News} The Parliamentary Finance Committee met, on Friday, with the Kurdish representatives on the budget, while it indicated that another option would be proposed.

“The Parliamentary Finance Committee held a meeting today, Friday, with Kurdish representatives to discuss the formula established by the committee in the federal budget after taking the remarks of members of parliament Read more…

A parliamentary approach to adjust the exchange rate and include contracts in the budget

A parliamentary approach to adjust the exchange rate and include contracts in the budget

2021-03-19

Today, Friday, the National Bond bloc announced a parliamentary move to adjust the exchange rate and include contracts in the budget.

The representative of the bloc, Faleh Khazali, said with a number of deputies in a press conference held in Parliament, that “300 thousand contracts in the Ministry of State and lecturers have canceled their contracts Read more…

Deputy: These are the scenarios for voting on the expected budget today

Deputy: These are the scenarios for voting on the expected budget today

3/19/2021 15:04

[Baghdad-Where]
MP Jamal Fakher, from the Alliance of Walkers, confirmed today, Friday, that the meetings are still continuing, as a meeting is now held between the Presidency of the House of Representatives and the heads of the blocs to resolve the remaining points of contention, indicating that the picture is still blurry and all options are on the table regarding resolving Read more…

A parliamentary bloc announces a boycott of the session to vote on the budget and reveals the reasons

A parliamentary bloc announces a boycott of the session to vote on the budget and reveals the reasons

3/19/2021 15:13

[Baghdad-Where]
Today, Friday, the National Approach bloc announced its boycott of the budget voting session, because it included economic and social catastrophic paragraphs and the inequality of the central and southern governorates compared to the region.

The bloc said in a statement, “Because the parliament did not respond to the fundamental amendments that we demanded, therefore we announce our boycott Read more…

Prompt The House of Representatives raises its meeting to tomorrow, Friday, noon, to complete the budget

Prompt The House of Representatives raises its meeting to tomorrow, Friday, noon, to complete the budget

03/18/2021 19:36:38

{Politics: Al Furat News} The House of Representatives raised its session to tomorrow Friday and convened at one o’clock in the afternoon to complete the fiscal budget law for 2021.
The Council voted in its session today on the First Amendment Law Read more…

Iraq possesses about 60% of global sulfur reserves

Iraq possesses about 60% of global sulfur reserves

03/18/2021 06:53:07

{Baghdad: Al Furat News} The General Director of the General Company for Mishraq Sulfur, Abdel Moneim Naif Abush Al-Jubouri, estimated Iraq’s reserves of sedimentary sulfur at more than half of the world’s reserves. Al-Jubouri said in a press interview, “The reserves of the Mishraq 1, 2 and 3 fields in Nineveh Governorate are estimated at 354 million tons of the world’s total reserves Read more…

Al-Fath: The government bears all the economic effects resulting from the ill-considered exchange rate decision

Al-Fath: The government bears all the economic effects resulting from the ill-considered exchange rate decision

2021-03-18

On Thursday, the Al-Fateh Alliance carried the government the total economic consequences of the decision to raise exchange rates, which it described as “ill-considered.”

“The Al-Fateh Alliance is still insisting not to vote on the budget if the current exchange rates are not reduced and brought back to normal,” said a member Read more…

MP for Badr Uday Abu El-Jon reveals a final agreement on the budget and the law of the Federal Court

MP for Badr Uday Abu El-Jon reveals a final agreement on the budget and the law of the Federal Court

2021-03-18

Deputy for the Badr Parliamentary Bloc Uday Shaalan Abu El-Jon revealed, on Thursday, that tomorrow, Friday, a session will be held to vote on the draft budget law, while he indicated agreement on a formula related to passing the Federal Court law today.

Al-Shaalan said in a press interview, “The political forces have agreed Read more…

New job ranks in the budget .. The Finance Committee: its obstacles are political, not technical

New job ranks in the budget .. The Finance Committee: its obstacles are political, not technical

3/18/2021 14:44

[Baghdad-Where]
The Parliamentary Finance Committee described, on Thursday, the budgetary obstacles more “political” than technical, while it revealed the addition of functional degrees in the budget.
Committee reporter Ahmed Al-Saffar said, according to the official agency, that “investment is delayed, unemployment increases and continues, and poverty increases daily and there are other social effects as well. It is assumed that there will be a movement as soon as possible to set a session to vote Read more…

Representative economy: The rise in oil prices must be matched by the devaluation of the dollar against the dinar

Representative economy: The rise in oil prices must be matched by the devaluation of the dollar against the dinar

08:41 – 17/03/20210

Information / Special
The Parliamentary Economic and Investment Committee stressed the need to take advantage of the high global oil prices to reduce the value of the dollar against the Iraqi dinar, in order to achieve stability in market prices.
Committee member Mithaq Al-Hamdi said to / the information /, that “the government raised the exchange rate of the dollar under the pretext Read more…

Deputy: The arrival of the region’s delegations to Baghdad is a waste of time and obstruction of approving the budget, no more

Deputy: The arrival of the region’s delegations to Baghdad is a waste of time and obstruction of approving the budget, no more

03/17/2021 09:49:32

{Baghdad: Al Furat News} Representative Mansour Al-Baiji considered that the arrival of delegations from the Kurdistan region to Baghdad is a waste of time and a delay in approving the country’s general budget, indicating that the regional government does not have it to hand over its imports to the federal government and this is the essence and point of disagreement Read more…

Representative Finance: To include in the budget a text on the difference in the dollar price to compensate for this segment

Representative Finance: To include in the budget a text on the difference in the dollar price to compensate for this segment

Posted, 2021-03-17

The Parliamentary Finance Committee announced, on Tuesday (March 16, 2021), that the budget would include the difference in the dollar price to compensate traders.

Committee member Siham Al-Ugaili said, “The poor and simple citizen has been affected by the high exchange rate of the dollar, as the prices Read more…

A parliamentary proposal to vote on the Federal Court and the budget with “one basket”

A parliamentary proposal to vote on the Federal Court and the budget with “one basket”

3/17/2021 14:59

[Baghdad-Where]
A representative source said, on Wednesday, that there is a political proposal to vote on the laws of the Federal Court and the budget in one basket.
The source said, “There is a proposal among some political blocs that the vote on the Federal Court and the budget be in one basket, provided that the political blocs offer their concessions in exchange Read more…