IRAQI DINAR POLITICS & ECONOMY

Disclosure of the details of the cabinet’s decision to zero-duty fees on postal parcels

Disclosure of the details of the cabinet’s decision to zero-duty fees on postal parcels

01/14/2021 16:02

[Baghdad-Where]

The General Secretariat of the Council of Ministers revealed, on Thursday, the details of the Cabinet’s decision to zero fees on postal parcels for citizens.
The secretariat said in a statement, that “in order to reduce the burden on citizens and their reluctance to transport by government mail, the Cabinet decided to zero fees for the sums of a number of postage stamps and the fees Read more…

Harb clarifies the legality of postponing the elections and the fate of the prime minister

Harb clarifies the legality of postponing the elections and the fate of the prime minister

01/2021/13 10:44:19

{Baghdad: Al Furat News} The legal expert, Tariq Harb, explained that the date of holding the early parliamentary elections scheduled for next June 6 has been postponed.
Harb said in a press statement, “The atmosphere in the country is heading to hold early elections next June,” noting that “in the event that they are not held, the current Federal Prime Minister (Mustafa Al-Kazemi) Read more…

Saleh officially ratifies Iraq’s accession to the Paris climate agreement

Saleh officially ratifies Iraq’s accession to the Paris climate agreement

01/2021/13 10:35:54

(Baghdad: Al Furat News) The President of the Republic, Barham Salih, officially approved Iraq’s accession to the Paris Climate Agreement.
“The approval comes in order to face the threats posed by climate change and to address the emission of greenhouse gases and carbon,” Saleh said during his signature on the law.
The President of the Republic delivered the speech Read more…

Parliamentary Committee: The statements of the Ministry of Finance confused the Iraqi market

Parliamentary Committee: The statements of the Ministry of Finance confused the Iraqi market

01/13/2021 18:20

[Baghdad-Where]
The Parliamentary Finance Committee described, on Wednesday, the statements of the Ministry of Finance as confusing the economic situation and the Iraqi market, indicating that the budget picture was not completed until after the second reading.
A member of the Finance Committee, Thamer Theban, said, “Some statements about the economic situation Read more…

Finance Minister: We will take a package of measures to mitigate the effects of devaluation within two weeks

Finance Minister: We will take a package of measures to mitigate the effects of devaluation within two weeks

01/13/2021 15:55

[Baghdad-Where]
Finance Minister Ali Abdul Amir Allawi announced, on Wednesday, his intention to take a package of measures that mitigate the effects of devaluation within two weeks.
A statement by the Office of the President of the State of Law Coalition, Nouri al-Maliki, stated that “the latter received Allawi, today, and the meeting dealt with the necessary means Read more…

Parliamentary warns of passing the budget

Parliamentary warns of passing the budget

01/13/2021 13:04

[Baghdad-Where]
MP Alia Nassif warned, on Wednesday, against passing the financial budget in its current form that strikes the citizen in his livelihood, in addition to the constitutional and legal violations it contains, according to her saying.
Nassif said in a statement that Article 20, Paragraph IV of the budget related to deductions Read more…

The Three Presidencies: Reaching Radical Solutions Between the Federal Government and the Kurdistan Regional Government {expanded}

The Three Presidencies: Reaching Radical Solutions Between the Federal Government and the Kurdistan Regional Government {expanded}

01/2021/12 18:41:57

{Baghdad: Al Furat News} Today, Tuesday, January 12, 2021, a meeting was held at the Baghdad Palace, President of the Republic Barham Salih, Prime Minister Mustafa Al-Kazemi, Speaker of Parliament Muhammad Al-Halbousi and Chairman of the Supreme Judicial Council, Faiq Zeidan, in which they discussed developments in the political, security and economic situation in The country as well as the upcoming elections file.
The meeting stressed “the need Read more…

The Ministry of Finance issues a statement on the increase in 2021 budget expenditures

The Ministry of Finance issues a statement on the increase in 2021 budget expenditures

01/2021/12 15:20:33

{Baghdad: Al Furat News} Today, Tuesday, the Ministry of Finance issued a statement on the increase in expenditures included in the draft federal budget law for 2021.
The ministry said in the statement that the Euphrates News Agency obtained a copy of it, that “preparing the budget for 2021 was based on the foundations and general principles that reflect the necessary priorities for the current stage.”
He added, “We have worked to reduce obstacles to financial Read more…

Ambassador of the European Union: We are making every effort to remove Iraq from this list

Ambassador of the European Union: We are making every effort to remove Iraq from this list

01/2021/12 08:55:11

{Baghdad: Al Furat News} The ambassador of the European Union mission in Baghdad, Martin Haute, affirmed that stability, prosperity and full sovereignty in Iraq are the basis for peace and stability in the entire region.
While welcoming the government’s steps to conduct early elections and studying options for monitoring them; He explained that the mission is making every effort to remove Iraq from the list of high risk countries.

Commenting on the US-Iranian conflict and its impact in Iraq, Ambassador Hutt said in a press statement, Read more…

Inflation and the erosion of savings lurk in the Iraqis after the devaluation of the dinar

Inflation and the erosion of savings lurk in the Iraqis after the devaluation of the dinar

1-12-2021

Last month, the Central Bank of Iraq reduced the exchange rate of the local currency (dinar) against the US dollar by 24 percent, saying that it was a decision that would push towards better management of payments and the economic crisis in the country.

The exchange rate of the US dollar reached 1470 dinars for selling foreign currency to the public, compared to 1460 dinars, the price of selling foreign currency to banks operating in the country.

Before partially liberalizing exchange rates, the dollar was equivalent in the local Read more…

Parliamentary warnings of several problems that will prevent the passage of the budget law

Parliamentary warnings of several problems that will prevent the passage of the budget law

01/12/2021 9:45

[Baghdad-Where]
The Rafidain Parliamentary Bloc revealed, on Tuesday, that there are a number of problems with the draft federal budget law for 2021 that may prevent it from being passed in Parliament.
The head of the bloc, Yonadam Kanna, said in a statement to the official agency, that “after completing the second reading of the federal budget law, the House of Representatives will Read more…

Parliamentary Finance meets with the Prime Minister to discuss some observations on the 2021 budget

Parliamentary Finance meets with the Prime Minister to discuss some observations on the 2021 budget

01/12/2021 14:12

[Baghdad-Where]
An informed parliamentary source revealed, on Tuesday, that the Parliamentary Finance Committee held a meeting with the Prime Minister, to discuss the observations made by representatives on the articles and paragraphs of the Federal Budget Law for 2021.
The source stated in an interview, “The Finance Committee held a meeting Read more…

Parliament resumes its session headed by Kaabi

Parliament resumes its session headed by Kaabi

01/12/2021 15:46

[Baghdad-Where]
The House of Representatives resumed, on Tuesday, its parliamentary session to complete the discussion and reading of the general federal budget for the fiscal year 2021.
A representative source Read more…

Parliament pledges to continue its sessions “without interruption” and sets an initial date for passing the budget

Parliament pledges to continue its sessions “without interruption” and sets an initial date for passing the budget

2021-01-11 08:35

Shafaq News / The Finance Committee of the Iraqi Parliament announced, on Monday, that the Council will continue to hold its sessions “without interruption” to discuss the general budget for the fiscal year 2021.

Committee member Jamal Cougar told Shafaq News, “The parliament will continue to discuss the general budget law in the coming sessions without interruption,” explaining that his committee will hold intensive meetings Read more…

Deputy: The budget needs two weeks to be approved

Deputy: The budget needs two weeks to be approved

Monday, January 11, 2021 | 06:08 PM

Member of Parliament Rizan Sheikh Dleir confirmed that the House needs about two weeks in order to approve the draft federal budget law.

MP Rizan Sheikh Dleir added in a statement to Kurdish media, on Monday, that the council will conduct the second reading of the 2021 budget bill at its session today, noting that in the event that reading the bill is completed, Read more…

Parliamentary Finance reveals a tendency to cancel deductions from employees’ salaries

Parliamentary Finance reveals a tendency to cancel deductions from employees’ salaries

11/1/2021 10:16

[Baghdad-Where]
The Parliamentary Finance Committee announced, on Monday, the allocation of more than one trillion dinars for those covered by Resolution 315 in the 2021 budget, while it revealed a tendency to cancel deductions from the salaries of employees and retirees.
A member of the committee, MP Mahasin Hamdoun, said, according to the official agency, that “the 2021 budget is still under study, as legal materials Read more…

The World Bank: Iraq’s GDP will rise to more than 7% in 2022

The World Bank: Iraq’s GDP will rise to more than 7% in 2022

2021-01-10 00:33

Shafaq News / The World Bank expected today, Sunday, that Iraq’s GDP will rise to more than 7% during 2022, indicating that Egypt is the only country that has not affected its domestic product in 2020.

The bank said in a report reviewed by Shafaq News Agency; It is “expected that the GDP of Iraq will rise Read more…

Including the deduction of salaries … 15 items in the budget need to be amended

Including the deduction of salaries … 15 items in the budget need to be amended

2021-01-10 02:07

Shafaq News / The Parliamentary Finance Committee held a meeting on Sunday to study the draft general budget bill for the fiscal year 2021, which the Parliament completed its first reading yesterday.

A source told Shafaq News, “The meeting aims to identify the paragraphs that need to be modified.”

He pointed out that “there are approximately 15 paragraphs Read more…

Iraq maintains its ranking globally in gold reserves

Iraq maintains its ranking globally in gold reserves

10/1/2021 11:09

[Follow-up_in]
The World Gold Council revealed, on Sunday, the increase in the possession of the central banks of countries of gold, as well as the province of Iraq on its global rank.
According to the table it published for the month of January, the council said, “Iraq has maintained Read more…

Fayyad comments on the punishment of the US Treasury … this is the “final solution” for Kirkuk

Fayyad comments on the punishment of the US Treasury … this is the “final solution” for Kirkuk

10/01/2021 15:53

[Baghdad-Where]
First comment by the head of the Popular Mobilization Authority, Faleh Al-Fayyad, on the US Treasury’s punishment
We will do what is dear and cheap for the sake of the homeland. We
will not change and we will not change and we will remain the keepers of this country.
The popular crowd defends the interests of all Iraqis Read more…