IRAQI DINAR POLITICS & ECONOMY

Three million Iraqi workers lose their jobs because of the dollar

Three million Iraqi workers lose their jobs because of the dollar

Monday 4 January 2021 | 09:59 in the morning

The Parliamentary Economy Committee confirmed that the salaries of employees are a red line, revealing that three million employees and workers have lost their jobs due to the high exchange rate of the dollar. Committee member Nada Shaker Jawdat said, “Parliament has given its word on employee salaries Read more…

Parliamentary integrity estimates the amount of money smuggled out of Iraq

Parliamentary integrity estimates the amount of money smuggled out of Iraq

2021-01-04

The Parliamentary Integrity Committee announced, on Monday, that the volume of money smuggled outside Iraq is estimated at 350 trillion dinars.

Committee member Taha Al-Dafa’i said in a statement carried by the official news agency, that “the government formed a committee to combat corruption, and this committee worked during the first days in a clear and significant way, but it Read more…

Al-Kazemi pledges to reveal major facts about corruption in the new year

Al-Kazemi pledges to reveal major facts about corruption in the new year

1-3-2021

Iraqi Prime Minister Mustafa Al-Kazemi pledged to press ahead with reforms in the country even if that cost him his life, indicating that his government will reveal “major facts” about corruption during the new year.

Al-Kazemi said that his government had submitted a draft of an “ambitious” financial budget that included economic reforms, which put it in the crosshairs of “challenges and auctions.”

Al-Kazemi’s statements came during a dialogue session with a number Read more…

A realistic proposal to get out of the economic crisis, the decline of the Iraqi dinar, and the reluctance to pay pensions

A realistic proposal to get out of the economic crisis, the decline of the Iraqi dinar, and the reluctance to pay pensions

2021-01-03

Muhammad Tawfiq Allawi ||

To rise from this reality, we need attribution on more than one level from many countries of the world, but unfortunately most countries are not ready to entrust the government for several reasons, the most important of which is the spread of corruption, loss of security and loss of the environment that attracts investment, but the environment and laws The current environment and laws that expel investment, the most important reason for rampant corruption is that most of the ministers Read more…

Parliamentary planning: The Minister of Finance and the Governor of the Central Bank are subject to dismissal

Parliamentary planning: The Minister of Finance and the Governor of the Central Bank are subject to dismissal

2021-01-03

On Sunday, the Committee for Planning and Follow-up of the Governmental Program in Parliament accused the Minister of Finance, Ali Allawi, and the Governor of the Central Bank, Mustafa Ghaleb, of causing negligence and damage to public money, indicating that Parliament will hold them accountable if they fail to present evidence of innocence.

“The House of Representatives is determined to complete the questioning Read more…

Al-Fateh calls for Al-Kazemi’s government to resign

Al-Fateh calls for Al-Kazemi’s government to resign

2021-01-03

On Sunday, the Al-Fateh Alliance called on the government of Prime Minister Mustafa Al-Kazemi to submit its resignation following its failure to manage the country’s economic file.

A member of the coalition, Abdul Amir Al-Mayahi, said in a press statement, “There is mismanagement of the government through the draft Federal Budget Law for 2021 that I submitted to Parliament,” noting that “the government Read more…

Al-Rafidain issues a directive regarding attracting investment companies and granting loans to them

Al-Rafidain issues a directive regarding attracting investment companies and granting loans to them

1/3/2021 12:09

[Baghdad-Where]

On Sunday, Rafidain Bank instructed its branches in Baghdad and the governorates to attract companies and investors who wish to obtain financing and grant loans to them for the purpose of completing their various investment projects.

The bank’s media office said in a statement. The bank’s general manager held an extended meeting with a number of branch managers and delegates Read more…

Parliamentary Committee: Questioning the Minister of Finance and the Governor of the Central Bank has become an urgent necessity

Parliamentary Committee: Questioning the Minister of Finance and the Governor of the Central Bank has become an urgent necessity

01/2/2021 13:46

[Baghdad-Where]
The Parliamentary Finance Committee warned, on Saturday, of a future economic disaster in the country, in the event that the Minister of Finance and the Governor of the Central Bank remain in their posts, confirming that their questioning in Parliament has become a popular and political demand.
A member of the committee, MP Thamer Theban Al-Hamdani, stated in a press statement. “The questioning of the Minister of Finance and the Governor Read more…

During the past week, Iraq surpassed Saudi Arabia in its oil exports to America

During the past week, Iraq surpassed Saudi Arabia in its oil exports to America

01/2/2021 14:01

[Follow-up] The
US Energy Information Administration revealed, on Saturday, that Iraq had surpassed Saudi Arabia in its oil exports to America last week.
The administration said in a report, that “America imported crude oil from Iraq during the past week, at a rate of Read more…

In numbers … important details of the budget and a warning of “dangerous economic aspects”

In numbers … important details of the budget and a warning of “dangerous economic aspects”

01/2021 18:46:04

{Baghdad: Al Furat News} The economic advisor to the prime minister, Mazhar Muhammad Salih, revealed important details and information about the fiscal budget bill for 2021, which Parliament received last Tuesday.
Saleh said in a lengthy article on the economic situation and the budget: “The contractionary financial conditions in Iraq have led to dangerous economic manifestations, as the contraction in demand or government Read more…

Security Media Cell: The discovery of a marine mine attached to a ship near Iraqi ports

Security Media Cell: The discovery of a marine mine attached to a ship near Iraqi ports

2021-01-01

The Iraqi authorities announced that they were working to neutralize a large marine mine attached to one of the ships in international waters, explaining that another ship that was refueling had been evacuated from the ship to which the mine was attached.

The Iraqi Security Media Cell quoted in a statement, “It was noticed at exactly four o’clock in the afternoon on Thursday, the presence of a foreign object attached Read more…

A deputy sets the date for approving the budget and calls for it to be approved immediately without government objections

A deputy sets the date for approving the budget and calls for it to be approved immediately without government objections

01/01/2021 12:43

[Baghdad_Where]
The head of the Parliamentary Agriculture, Water and Marshes Committee, the representative of the Saeron Alliance, Salam Al-Shammari, set Friday a likely date for approving the 2021 budget within the House of Representatives, while calling for ratification as soon as it is approved without government objections.
Al-Shammari said, in a statement, that “all the political blocs are bent on approving Read more…

Barham Salih acknowledges the failure of the system of government in Iraq and hints at the devaluation of the dinar

Barham Salih acknowledges the failure of the system of government in Iraq and hints at the devaluation of the dinar

2020-12-31 20:57

Shafaq News / On Thursday, the President of the Republic, Barham Salih, considered that the political system that ruled the country since the fall of Saddam Hussein’s regime until now has been unable to serve the Iraqis, calling at the same time for a review of the situation and the adoption of reform decisions on their impact and the removal of people and their power Read more…

The region takes advantage of the currency difference .. Parliamentary finance talks about attempts to withdraw the Iraqi dinar from the local markets

The region takes advantage of the currency difference .. Parliamentary finance talks about attempts to withdraw the Iraqi dinar from the local markets

THURSDAY, 12-31-2020, PM 12:09

The Parliamentary Finance Committee said, “The new budget is the largest in the Arab world after Saudi Arabia, while the currency selling window was accused of” currency smuggling “according to a systematic work.

Committee member, Muhammad al-Darraji, said in a statement carried by the official agency, that “the budget for 2021 amounts to Read more…

Al-Zubaidi: Whoever imprinted the second term of al-Maliki and the licensing rounds will enter the fire

Al-Zubaidi: Whoever imprinted the second term of al-Maliki and the licensing rounds will enter the fire

2020-12-31

On Thursday (December 31, 2020), the former Minister of Finance, Baqir Al-Zubaidi, launched a sharp attack on the government of former Prime Minister Nuri al-Maliki in his second term (2010-2014), indicating that everyone who “imprinted” on this state and the licensing rounds “will enter the fire on this day.” The resurrection. ”

Al-Zubaidi said in a televised interview recently shown on the official Iraqi satellite channel, “I am speaking as a former finance minister and head of the Citizen Parliamentary Bloc … for four years I monitored the performance of the second Maliki government,” considering that “it was the disaster that befell Iraq.”

Al-Zubaidi described the second term of al-Maliki as Read more…

Bazrani calls on Baghdad to compensate Kurdistan with its deprived financial dues by 2020

Bazrani calls on Baghdad to compensate Kurdistan with its deprived financial dues by 2020

12/31/2020 15:33

[Erbil-Where]
President of the Kurdistan Region Nechirvan Barzani demanded, on Thursday, the Iraqi federal government to compensate the Kurdistan Region for what it was deprived of of its financial dues for the year 2020.
This came during a congratulatory telegram presented by the President of the Kurdistan Region, Nechirvan Barzani on the occasion of the New Year, which stated:
“I extend my congratulations Read more…

A sudden and unexpected statement from Parliament on the 2021 budget

A sudden and unexpected statement from Parliament on the 2021 budget

12/30/2020 13:49:56

{Baghdad: Al Furat News} A member of the Parliamentary Finance Committee criticized the draft fiscal budget for 2021.
Committee member Ahmed Hama Rashid said in a statement that the Al Furat News Agency received, “The 2021 budget in terms of form is the most elegant budget since 2006 until now and contains a set of important reports on trade policy and the monetary budget …. etc.”
He added, “As for content {it is} the saddest budget prepared by the Ministry Read more…

In pictures … the protests continued in front of the Central Bank for the third day in a row

In pictures … the protests continued in front of the Central Bank for the third day in a row

12/30/2020 10:47:19

{Baghdad: Al Furat News} Protests continue in front of the Central Bank of Iraq for the third day in a row due to the high exchange rate of the dollar against the dinar.
The demonstrators insisted on continuing their protest, demanding the dismissal of Mustafa Ghaleb, governor of the Central Bank.

The protesters had raised slogans describing the governor of the Central Bank Read more…

Transportation formally signed with Daewoo to implement the Faw Port project … and important details

Transportation formally signed with Daewoo to implement the Faw Port project … and important details

12/30/2020 17:15:22

{International: Al Furat News} Iraq agreed on a deal worth 2.625 billion dollars with “Daewoo” Engineering and Construction, South Korea, today, Wednesday, to build the first phase of the Faw commodity port, which it is planning in the south of the country.
Under the contract signed in Baghdad by representatives of the Ministry of Transportation and the South Korean company, Daewoo will undertake Read more…

Parliamentary Finance: We will discuss the budget after the New Year holidays

Parliamentary Finance: We will discuss the budget after the New Year holidays

2020-12-30

The Parliamentary Finance Committee announced, on Wednesday, that discussion of the draft federal budget law for 2021 will begin after the New Year’s holiday.

A member of the committee, Representative Shirwan Mirza, told the Patriotic Union of Kurdistan website that “discussion of the draft federal budget law for 2021 will start after the New Year holiday.”

He added that “the House of Representatives will certainly amend the budget Read more…