IRAQI DINAR POLITICS & ECONOMY

The head of the Integrity Commission warns against taking advantage of the change in dollar prices

The head of the Integrity Commission warns against taking advantage of the change in dollar prices

12/30/2020 14:37

[Baghdad-Where] The
head of the Federal Integrity Commission, Judge Alaa Jawad Hamid, stressed, on Wednesday, the need for the law to be a deterrent to all those who ask themselves to manipulate the livelihood of the poor citizen, warning merchants and weak souls from exploiting the repercussions of changing the currency exchange; In order to achieve financial gains at the expense of the needs of citizens with limited income.
Judge Alaa Jawad drew attention to the importance of dealing with the exploiters Read more…

The Ministry: The electricity supply will improve as of this evening

The Ministry: The electricity supply will improve as of this evening

12/30/2020 15:00

[Baghdad-Where] The
Ministry of Electricity pledged, on Wednesday, to improve energy supply hours for citizens, starting this evening.
“The visit of the Iranian Minister of Energy to Iraq was fruitful and resulted in a discussion of all outstanding problems related to the supply of gas, and there were protocol agreements Read more…

The Cabinet issues a number of important decisions

The Cabinet issues a number of important decisions

12/29/2020 18:53:59

{Baghdad: Al Furat News} Today, Tuesday, the Council of Ministers held a regular session headed by the Prime Minister, Mustafa Al-Kazemi, during which they discussed developments in the events, as well as discussing the topics included in its agenda.
According to the government statement, the Euphrates News received a copy of it, discussing the developments of the work of the Committee to Strengthen Governmental Measures, Read more…

A parliamentary move to refuse to raise the exchange rate of the dollar within the 2021 budget

A parliamentary move to refuse to raise the exchange rate of the dollar within the 2021 budget

Posted, 29 December 2020 | 07:01 PM

The Parliamentary Economy and Investment Committee confirmed, on Monday, that some political blocs will refuse to vote on the paragraph of raising the exchange rate of the dollar against the Iraqi dinar within the draft federal budget law for 2021 .

Committee member Mazen Al-Faily said that “the draft federal budget law for 2021 Read more…

Disclosure of the share of Kurdistan in the 2021 budget

Disclosure of the share of Kurdistan in the 2021 budget

2020-12-29

The MP for the Patriotic Union of Kurdistan, Hassan Ali, confirmed today, Tuesday, that the share of the Kurdistan region in the 2021 budget is 12%.

Ali said that “next year’s budget needs political consensus with the parliamentary blocs, in order to pass it,” adding, “especially with regard to the region’s share Read more…

Parliamentary Finance: This is the date for the budget debate session

Parliamentary Finance: This is the date for the budget debate session

12/29/2020 16:43

[Baghdad-Where]
The Parliamentary Finance Committee announced, on Tuesday, the date of a session to discuss the draft budget law next year.
Committee member Shirwan Mirza said, “The draft budget law is with the Presidency of the Council,” indicating that they are “awaiting the decision of the Presidency to hold Read more…

Al-Kaabi announces the arrival of the 2021 budget bill to Parliament

Al-Kaabi announces the arrival of the 2021 budget bill to Parliament

12/29/2020 14:34

[Baghdad-Where]
The First Deputy Speaker of Parliament, Hassan Al-Kaabi, announced, on Tuesday, the arrival of the draft federal budget bill for 2021 to Parliament.
The Information Department of the House of Representatives said in a statement, that “Hassan Karim Al Kaabi, First Deputy Speaker of Parliament, announces Read more…

Al-Rafidain directs its branches to adopt the official dollar exchange rate

Al-Rafidain directs its branches to adopt the official dollar exchange rate

12/28/2020 09:33:42

{Baghdad: Al Furat News} Al-Rafidain Bank has directed all its branches in Baghdad and the provinces to adopt the new exchange rate of 1460 dollars.
The media office of the bank said in a statement that the Euphrates News received a copy of it that “based on the directives of the Central Bank of Iraq, it was decided Read more…

Parliament is heading towards a “significant” reduction in 2021 budget expenditures

Parliament is heading towards a “significant” reduction in 2021 budget expenditures

2020-12-28

On Monday (December 28, 2020), a member of the Parliamentary Legal Committee, Hussein Al-Oqabi, indicated that the 2021 fiscal budget law will arrive in Parliament next week, indicating that Parliament will significantly reduce budget expenditures.

Al-Oqabi said in a press interview that “the possibility of not approving the 2021 budget is unlikely and must be approved, and that its passage will be Read more…

Talabani announces the agreement between Baghdad and Kurdistan on the budget and awaits coordination

Talabani announces the agreement between Baghdad and Kurdistan on the budget and awaits coordination

28/12/2020 16:03

[Erbil-Where]
The Vice President of the Kurdistan Regional Government announced, on Monday, that an agreement had been reached with the Iraqi government on the 2021 budget
He said during a press conference after a meeting with the Parliament of Kurdistan, “We are ready to deliver 250 thousand barrels per day to the federal government and we have confirmed that to them more than once.”

He added, “We need more coordination Read more…

Sumaisem: America will not pump dollars into Iraq, and dealings will be in the digital currency

Sumaisem: America will not pump dollars into Iraq, and dealings will be in the digital currency

SUN, 27-12-2020, PM 1:09

Economic expert Salam Sumaisem said on the devaluation of the Iraqi dinar, that the dollar will be scarce from its source in the US Treasury, which will exchange it for digital electronic money.

Sumaisem added in a statement followed by Noon today, Sunday: We will then see how the smuggling of dollars continues, indicating that only Iraq and its people will be the losers, and that whoever trades in the Iraqi dinar Read more…

Al-Araji: The World Bank asked Iraq to raise the dollar exchange to 1660 dinars

Al-Araji: The World Bank asked Iraq to raise the dollar exchange to 1660 dinars

2020-12-27

Former Deputy Prime Minister Bahaa Al-Araji revealed that the World Bank had asked Iraq to raise the dollar exchange rate to 1660 Iraqi dinars in exchange for its help in solving the financial crisis.

Al-Araji said in a tweet on his Twitter page, today, “In order to help and support Iraq in solving its financial crisis … The World Bank asked Iraq that the dollar Read more…

Representative Energy: The employee will lose about 25% of his salary due to the high price of the dollar

Representative Energy: The employee will lose about 25% of his salary due to the high price of the dollar

12/27/2020 13:05

[Baghdad-Where]
The Parliamentary Oil and Energy Committee confirmed that the high exchange rate of the dollar will lead to the employee losing 25% of his salary, in addition to the rise in the prices of goods and goods, which burdens the citizen twice.

A member of the Oil and Energy Committee, Representative Ibtisam Muhammad Darb, said that “the citizen is the only victim of the issue of raising the dollar Read more…

Parliamentary Finance announces the arrival of the budget bill to the House of Representatives

Parliamentary Finance announces the arrival of the budget bill to the House of Representatives

04:26 – 12/26/2020

Baghdad – Mawazine News
The Parliamentary Finance Committee announced, on Saturday, the arrival of the budget bill to the House of Representatives.
A member of the committee, Ahmed Hama Rashid, said in a radio interview, “The budget bill has reached the inclusion of the House of Representatives, and according to the bylaws, it is read first, and then Read more…

Oil prepares to increase export capacity to 6 million barrels per day

Oil prepares to increase export capacity to 6 million barrels per day

12/26/2020 15:39:16

(Baghdad: Al Furat News) Today, Saturday, the Ministry of Oil announced its intention to increase oil export capacity to 6 million barrels per day by 2023.
The Undersecretary for Extraction Affairs, Karim Hattab, said in a statement that Al-Furat News received a copy of it, that his visit to the Faw oil depots comes in implementation of the directives of the Minister of Oil Read more…

Deputy: Questioning the Minister of Finance and the Governor of the Central Bank may amount to dismissal

Deputy: Questioning the Minister of Finance and the Governor of the Central Bank may amount to dismissal

2020-12-26

Member of Parliament Rasha Al-Hatami confirmed, on Saturday, Parliament’s insistence on questioning Finance Minister Ali Allawi and the Governor of the Central Bank, indicating that the interrogation may amount to dismissal because of their failure to manage the security file.

Al-Hatami said in a televised statement, “We hold the Al-Kazimi government responsible Read more…

Al Rasheed Bank stops deposits and withdrawals for savings accounts

Al Rasheed Bank stops deposits and withdrawals for savings accounts

12/26/2020 10:49

[Baghdad-Where]
Al-Rasheed Bank announced today, Saturday, that it will stop withdrawing and depositing savings accounts until the third of next January, due to the end of the fiscal year.
The media office of the bank said, in a statement. “The suspension includes Read more…

Representative economy: 70% of the Iraqi people will be affected by raising the dollar and the 2021 budget

Representative economy: 70% of the Iraqi people will be affected by raising the dollar and the 2021 budget

12/26/2020 18:08

[Baghdad-Where]
The Parliamentary Economic and Investment Committee confirmed, on Saturday, that more than 70% of the Iraqi people from the poor and middle class will be affected by the government’s measures to raise the dollar and draft the 2021 budget.
A member of the Economic Committee, Nada Shaker, said that “the government is supposed to send the draft budget for 2021 last October, but it sent it at the end Read more…

60 thousand shell companies under penalty of law

60 thousand shell companies under penalty of law

12/26/2020 10:20

[Baghdad-Where]
For about a month, the competent authorities have been pursuing the legal and technical prosecution of nearly 60,000 officially registered companies that do not possess a real “fake” commercial activity. Those authorities confirmed that these companies have one more month to correct their situation and pay the fines Read more…

The International Monetary Fund comments on the reduction of the Iraqi dinar and the 2021 budget

The International Monetary Fund comments on the reduction of the Iraqi dinar and the 2021 budget

FRI, 12-25-2020, PM 3:25

On Friday, the International Monetary Fund welcomed the approval of the Iraqi Council of Ministers to the 2021 budget bill, while it considered implementing important financial reforms and reducing the currency exchange rate as “very important” steps.

The Iraqi News Agency quoted the IMF mission in Iraq as saying Read more…