IRAQI DINAR POLITICS & ECONOMY

Washington evacuates its embassy in Baghdad of civil servants

Washington evacuates its embassy in Baghdad of civil servants

12-25-2020

Diplomatic sources said that the United States has completed the process of evacuating civilian personnel from its embassy in Baghdad in conjunction with the return of Katyusha rockets to reappear in its vicinity, and the approaching first anniversary of the killing of Iranian General Qassem Soleimani and his Iraqi assistant Abu Mahdi al-Muhandis, the former field commander of the Popular Mobilization Forces in a US raid in January 3rd, 2020.

This month, the US embassy in Baghdad was attacked twice, Read more…

Traders are heading to sue the fiscal and central currency over devaluation

Traders are heading to sue the fiscal and central currency over devaluation

12/25/2020 11:01

[Baghdad_Where]
Trade circles across Iraq are heading towards registering a lawsuit against the Minister of Finance and the Governor of the Central Bank of Iraq for approving the law to devalue the Iraqi currency.
“The decision to devalue the currency does not carry any positive trends, but rather harms the national economy and the commercial sector Read more…

The International Monetary Fund confirms its readiness to support economic reforms in Iraq

The International Monetary Fund confirms its readiness to support economic reforms in Iraq

25/12/2020 14:20

[Baghdad_Where]
On Friday, the International Monetary Fund welcomed the efforts of the Iraqi authorities to make reforms in fiscal and monetary policy, while affirming its readiness to support these reforms.
“The repercussions of the Covid-19 pandemic and the sharp drop in oil revenues create grave risks that threaten Read more…

Although the government voted on it 4 days ago, the 2021 budget has not yet arrived in Parliament!

Although the government voted on it 4 days ago, the 2021 budget has not yet arrived in Parliament!

25/12/2020 10:48

[Baghdad_in]
The Finance Committee in the House of Representatives confirmed, on Friday, that it did not officially receive the draft general budget bill for next year.
Committee member Magda Al-Tamimi said, according to the official agency, that “the Finance Committee has not yet officially received the draft budget for next year,” noting that “the Central Bank is responsible for the exchange rate, and it is not Read more…

Urgent America is considering moving its embassy in Baghdad to one of these two locations

Urgent America is considering moving its embassy in Baghdad to one of these two locations

12/24/2020 14:38:19

{International: Al-Furat News} The United States is considering closing its embassy in Baghdad quickly after a series of missile attacks on the Green Zone in Iraq, according to two sources familiar with the discussions of the American news site, Axios.
The site said that this step could be among several options under consideration, an introduction to respond to missile attacks.
He pointed out that, “In the event that the US embassy in Baghdad is closed, the US Read more…

Deputy: Parliament will refuse to impose a tax or raise the price of the dollar

Deputy: Parliament will refuse to impose a tax or raise the price of the dollar

2020-12-24

MP Badr Al-Ziyadi confirmed, Thursday, that it is not possible to impose a tax on the total salary of employees and raise the exchange rate of the dollar together through the budget law, while the House of Representatives will reject one of the paragraphs.

Al-Ziyadi said in a press statement that “the House of Representatives will have a position on raising the price of the dollar Read more…

Parliamentary Finance issues an explanation regarding the exchange rate of the dollar

Parliamentary Finance issues an explanation regarding the exchange rate of the dollar

2020-12-24

Today, Thursday, the Parliamentary Finance Committee issued a clarification regarding the determination of Saad’s exchange of the dollar.

The committee said, “Determining the exchange rate of the dollar is a governmental matter and from its exclusive authority, as it is the one who draws and implements the fiscal and monetary policy, and the inclusion of that price in the draft budget Read more…

Military commander: The attack on the US embassy in Baghdad is the largest in the last 10 years

Military commander: The attack on the US embassy in Baghdad is the largest in the last 10 years

12/24/2020 10:27

[Baghdad-Where]
The Commander of the US Central Command in the Middle East, General Frank MacKenzie, said that the barrage of missiles that was fired at the US embassy in Baghdad on Sunday was the largest attack on the capital’s Green Zone since 2010, with 21 missiles.
In statements to the Wall Street Guronal newspaper, McKinsey added that it was not clear whether the attack was orchestrated by a rogue militia or at the direction of Tehran Read more…

Legal procedures against 13 private banks for violations of entering the currency auction

Legal procedures against 13 private banks for violations of entering the currency auction

12/24/2020 14:40

[Baghdad-Where]
The Rusafa investigation court, which is competent to look into issues of integrity, money laundering and economic crime, decided, Thursday, to take legal measures against 13 private banks for violations of entering the currency auction.
A statement by the Supreme Judicial Council stated, “The Rusafa Investigation Court, which is competent to look into issues of integrity, money laundering and economic crime, has decided to take legal measures Read more…

Saleh stresses the need to recover the stolen money and close the outlets for corruption

Saleh stresses the need to recover the stolen money and close the outlets for corruption

12/23/2020 16:41:24

(Baghdad: Al Furat News) The President of the Republic, Barham Salih, stressed, on Wednesday, the need to recover the looted funds and close the outlets of corruption in coordination with countries and institutions of the international community.
In the presidential statement, Al-Furat News received a copy of it, “Saleh received at the Peace Palace in Baghdad, both the head of the Integrity Read more…

A political source talks about a parliamentary move to dismiss a number of ministers after being questioned

A political source talks about a parliamentary move to dismiss a number of ministers after being questioned

2020-12-23

A political source said. There is a tendency to conduct a cabinet reshuffle in Mustafa Al-Kazemi’s government, affecting five ministers, who are facing charges of negligence and mismanagement

The source explained that the amendment will affect Minister of Finance Ali Abdul Amir Allawi, Minister of Trade Alaa al-Jubouri, Minister of Industry Manhal Aziz Al-Khabbaz, Minister of Electricity Read more…

Mass demonstrations in front of the Finance Ministry building in Baghdad to condemn the devaluation of the dinar

Mass demonstrations in front of the Finance Ministry building in Baghdad to condemn the devaluation of the dinar.

23/12/2020 15:42

[Baghdad-Where]
On Wednesday, protesters organized mass demonstrations in front of the Finance Ministry building in the Iraqi capital, Baghdad, to condemn the devaluation of the dinar.
A source said that dozens of people organized, today, mass demonstrations in front of the Ministry of Finance building Read more…

The results of the negotiations with Baghdad at the table of the Kurdistan government and Barzani demand international intervention

The results of the negotiations with Baghdad at the table of the Kurdistan government and Barzani demand international intervention

23/12/2020 16:33

[Erbil – Where] The
Council of Ministers of the Kurdistan Region discussed, on Wednesday, the results of the negotiations with the federal government, and the Chairman of the Council, Masrour Barzani, called on the United Nations to participate as a third party in the talks in Erbil – Baghdad, while the negotiating delegation indicated that the Kurdistan Regional Government implemented all its constitutional obligations Read more…

Al Furat News publishes the most prominent features in the 2021 budget

Al Furat News publishes the most prominent features in the 2021 budget

Posted, 12/22/2020 21:58:50

{Baghdad: Al Furat News} Our agency publishes the highlights of the draft fiscal budget law for 2021, which the Council of Ministers voted on Monday after an exceptional marathon session that lasted for three days.
An informed source told {Al-Furat News} that “the fiscal deficit in the budget amounts to 63 trillion dinars, and a 40% tax has been imposed on the salaries of presidents, ministers, deputies, Read more…

A parliamentary bloc submits 4 proposals to improve the financial and economic reality in the country

A parliamentary bloc submits 4 proposals to improve the financial and economic reality in the country

12/22/2020 10:39:02

(Baghdad: Al Furat News) The head of the parliamentary change bloc, Yusuf Muhammad, proposed, on Tuesday, a set of reforms that could improve the economic and financial reality in the country.
Muhammad said in a press statement that “changing the exchange rate of the dinar against the dollar drew a new reality for the Iraqi economy that had not existed for 17 years, and this step has been discussed many times in the meetings Read more…

Al-Kazemi’s spokesman announces the arrival of the 2021 budget to Parliament … and the date of entry of the Corona vaccine

Al-Kazemi’s spokesman announces the arrival of the 2021 budget to Parliament … and the date of entry of the Corona vaccine

12/22/2020 17:16:02

{Baghdad: Al Furat News} The spokesman for the Prime Minister and Minister of Culture, Hassan Nazim, announced, on Tuesday, that the federal budget for 2021 had arrived in the House of Representatives, while revealing the date for the entry of the Corona virus vaccine to Iraq.
Nazem said during the weekly press conference, “The 2021 budget is now in the House of Representatives, and the limited income brackets Read more…

Parliamentary Finance expects that the 2021 budget will not be passed, and it is likely that it will reach the parliament next week

Parliamentary Finance expects that the 2021 budget will not be passed, and it is likely that it will reach the parliament next week

2020-12-22

The Parliamentary Finance Committee expected, on Tuesday, that the budget would not be passed due to the large number of disagreements regarding it, and it is likely that it will officially arrive to the parliament early next week.

A member of the Finance Committee, Jamal Cougar, said in a press interview that “the 2021 budget has major political differences between the blocs Read more…

The corrupt won … the cabinet votes to authorize the Ministry of Transport to implement the Grand Port of Faw

The corrupt won … the cabinet votes to authorize the Ministry of Transport to implement the Grand Port of Faw

2020-12-22

Thus, the corrupt were able to victory over the will of the Iraqi people through the cabinet vote to authorize the Ministry of Transport to implement the large port of Faw, taking advantage of the opportunity for the Iraqi people to become preoccupied with the high price of the dollar, which no one conceals that it was to cover up the corruption of the large Faw port contract.

Yes, the Minister of Transport, Nasser Al-Shibli of the Sadrist movement, announced today Read more…

Finance Committee: It is difficult to pass the 2021 budget in Parliament without this condition?

Finance Committee: It is difficult to pass the 2021 budget in Parliament without this condition?

12/22/2020 16:41

[Baghdad-Where]
The Parliamentary Finance Committee confirmed, on Tuesday, the need for a political agreement to pass the draft general budget law for 2021 in the House of Representatives.
A member of the committee, Sherwan Mirza, said that “the draft federal budget law for 2021 has not reached the parliament so far.”
He added: “For there must be a political agreement Read more…

Al-Sadr warns of “hidden hands” targeting the Iraqi dinar

Al-Sadr warns of “hidden hands” targeting the Iraqi dinar

2020-12-21 07:43

Shafaq News / The leader of the Sadrist movement, Muqtada al-Sadr, warned on Monday of “hidden hands” that want to undermine the people’s livelihood and the Iraqi local currency, calling on merchants not to be extravagant in raising prices.

Al-Sadr said in a tweet on Twitter, addressing the merchants, “Your brothers and sons who suffer from poverty and poverty in this stifling economic crisis Read more…