IRAQI DINAR POLITICS & ECONOMY

The head of the Constitutional Committee reveals the reason for the complexity of amendments in Article 140

The head of the Constitutional Committee reveals the reason for the complexity of amendments in Article 140

12/21/2020 00:20:10

{Baghdad: Al Furat News} The head of the parliamentary constitutional amendments committee, Faleh Al-Sari, revealed the reason for the complexity of constitutional amendments in Article 140 of the constitution regarding the normalization of conditions in the disputed areas.
Al-Sari told Al-Furat News that “the Constitutional Amendments Committee in the House of Representatives was formed Read more…

76 parliamentarians sign an invitation to hold an emergency session next Wednesday to discuss 4 issues

76 parliamentarians sign an invitation to hold an emergency session next Wednesday to discuss 4 issues

12/21/2020 12:38:30

{Baghdad: Al Furat News} On Monday, 76 parliamentarians signed a call to hold an emergency session next Wednesday to discuss 4 issues.
The text of the invitation stated, “We, the undersigned, call on the House of Representatives to hold an emergency (exceptional) session on Wednesday 23/12/2020 at one o’clock in the afternoon in the presence of:
1- Prime Minister Mustafa Al
– Kazemi 2- Minister of Finance Ali Allawi Read more…

The devaluation of the Iraqi dinar eliminates the profits of the Shiite parties’ banks

The devaluation of the Iraqi dinar eliminates the profits of the Shiite parties’ banks

12-21-2020

BAGHDAD – The Iraqi political parties affiliated with Iran launched a sweeping attack on Sunday against the government of Prime Minister Mustafa Al-Kazemi, after it decided to reduce the value of the Iraqi dinar against the US dollar, to overcome one of the most dangerous crises in the country’s history.

And the Al-Kazemi government proceeded to this step after it was unable for two consecutive months to pay the salaries Read more…

Collecting more than 100 signatures .. Disclosure of a parliamentary intention to completely dismiss Al-Kazemi’s government

Collecting more than 100 signatures .. Disclosure of a parliamentary intention to completely dismiss Al-Kazemi’s government

2020-12-21

Member of Parliament, Nada Shaker Jawdat, confirmed, on Monday, that there is parliamentary displeasure with the performance of the government of Prime Minister Al-Kazemi in terms of the financial and economic aspect, and more than 100 signatures of hosting Al-Kazemi and Allawi have been collected.

Noting that the House of Representatives will hold an emergency session next Wednesday, amidst intentions to demand the dismissal of the entire Kazemi Read more…

Human rights reject the government’s “encroachment” on the citizens’ sustenance and question its capabilities

Human rights reject the government’s “encroachment” on the citizens’ sustenance and question its capabilities

12/21/2020 16:43

[Baghdad-Where]
The High Commission for Human Rights in Iraq rejected the decision of the Central Bank of Iraq to reduce the value of the dinar in front of hard currency, and to infringe on the food and salaries of employees and people with limited income under any circumstance or pretext. Clear human rights and insistence on violating the constitution.
The Commission stressed in a statement, Read more…

Representative economy: a parliamentary approach to restore the exchange rate to its normal position

Representative economy: a parliamentary approach to restore the exchange rate to its normal position

12/21/2020 14:14

[Baghdad-Where]
The Parliamentary Economic and Investment Committee confirmed today, Monday, that there is a representative tendency to restore the exchange rate of the dollar to its normal state, indicating that the high exchange rate has affected the poor segment.
Committee member Falah Al-Khafaji said: “We, as members of Parliament, have a tendency to return the exchange rate of the dinar against the Iraqi dollar to 120 or a little more.” Read more…

Within minutes … a new coup at the exchange rate of the dollar in Baghdad

Within minutes … a new coup at the exchange rate of the dollar in Baghdad

12/21/2020 14:58

[Baghdad-Where]
The exchange rate of the US dollar on the Al-Kifah Stock Exchange in the capital, Baghdad, witnessed a rapid shift within minutes of recording a decline.
A source said that the Central Al-Kifah Stock Exchange in Baghdad recorded at noon today, 141,000 Iraqi dinars against 100 US dollars.

Minutes ago, the Kifah Stock Exchange recorded a price of 138,500 dinars Read more…

Because of the rentier economy .. Minister of Planning: Iraq is going through the most difficult crisis in its history

Because of the rentier economy .. Minister of Planning: Iraq is going through the most difficult crisis in its history

12/21/2020 15:02

[Baghdad-Where]
Minister of Planning, Khaled Battal Al-Najm, said on Monday that the Iraqi economy is going through the most difficult crisis in its history, resulting from the unilateralism and rentier nature of this economy.
The minister said, according to a statement, that “the Iraqi economy is going through the most difficult crisis in its history, which is a complex crisis, Read more…

Al-Nasr: raising the dollar exchange rate is a war on the poor and threatens economic collapse

Al-Nasr: raising the dollar exchange rate is a war on the poor and threatens economic collapse

12/20/2020 12:14:09

{Baghdad: Al Furat News} The victory coalition headed by Haider Al-Abadi announced today, Sunday, its refusal to conduct a devaluation of the Iraqi dinar in exchange for raising the dollar exchange rate and reducing the citizen’s income.
The media office of the coalition stated in a statement that Al Furat News received a copy of: “We refuse to reduce the value of the Iraqi dinar Read more…

A member of Parliamentary Finance reveals 3 important changes in the budget and expects its arrival in Parliament

A member of Parliamentary Finance reveals 3 important changes in the budget and expects its arrival in Parliament

12/20/2020 14:36:39

{Baghdad: Al Furat News} A member of the Parliamentary Finance Committee, Ahmed Hajj Rashid, revealed three important changes in the draft fiscal budget law for 2021.
“We are awaiting the arrival of the financial budget bill from the government,” Rashid said.
He stressed, “There have been 3 changes in the budget, which are the increase in the price of fuel by 20%, and the change of 8 types of allocations in the salaries Read more…

Legal: The Minister of Finance has no right to disclose the draft budget before it is approved

Legal: The Minister of Finance has no right to disclose the draft budget before it is approved

2020-12-20

On Sunday, legal expert Hashem Al-Oqabi considered that the draft budget was revealed to the public before sending it to Parliament and voting on it as a legal and constitutional violation, and Parliament must hold Prime Minister Al-Kazemi and Finance Minister Muhammad Allawi accountable, stressing that Read more…

He describes it as “immediate tinkering” … Parliamentary: Political parties behind the change in the exchange rate

He describes it as “immediate tinkering” … Parliamentary: Political parties behind the change in the exchange rate

2020-12-20

The MP for the National Approach bloc, Hussein Al-Oqabi, revealed, on Sunday, the “support” of political parties to change the currency exchange rate, considering the current treatments pursued by the Ministry of Finance and the Central Bank to solve the economic crisis, as “immediate patches” and will not solve the essence of the problem.

Al-Aqabi said in a press interview, “The government still believes Read more…

A member of the parliamentary economy responds to Allawi about the Iraqis ’savings: You don’t know

A member of the parliamentary economy responds to Allawi about the Iraqis ’savings: You don’t know

20/12/2020 16:47

[Baghdad-Where]
Member of the Parliamentary Economic Committee, Mazen Al-Faily, responded, on Sunday, to the statements of Finance Minister Ali Allawi regarding that most Iraqis are saving their money in dollars.
Al-Faily said in a statement: “We are surprised by the statements of the Minister of Finance, Ali Allawi, as he states that most of the Iraqis’ savings are in dollars, so there is no need for concern, which indicates a lack of awareness Read more…

Washington is concerned about a billion dollars with the withdrawal of diplomats from Iraq

Washington is concerned about a billion dollars with the withdrawal of diplomats from Iraq

2020-12-19 00:25

Shafaq News / Current and former officials in America have expressed their concern about leaving a structural staff of full-time US aid officials, in addition to locally recruited employees, to monitor nearly a billion dollars in foreign aid programs as diplomatic personnel withdraw from Iraq.

Earlier this month, Secretary of State Mike Pompeo outlined plans Read more…

Member of Parliamentary Finance: Three Reasons Delay 2021 Budget

Member of Parliamentary Finance: Three Reasons Delay 2021 Budget

12/19/2020 08:38:53

{Baghdad: Al Furat News} A member of the Parliamentary Finance Committee, Majed Al-Waeli, admitted that there are three main reasons that delayed sending the 2021 budget from the government to parliament.
Al-Waeli said in a press interview that “the first issue is the exchange rate of the dollar in the Iraqi market, as it is within the monetary policy that the government will follow during the next stage Read more…

Representative economy: If the 2021 budget is passed in its current form, the government and parliament will be toppled

Representative economy: If the 2021 budget is passed in its current form, the government and parliament will be toppled

2020-12-19

The Parliamentary Economic Committee confirmed, on Saturday, that the current budget, if passed in its current form, will overthrow the government and parliament together by the people, indicating that the draft budget and its leakage are intended to feel the pulse of the street.

A member of the Economy Committee, Falah Abdul Karim, said in a press interview that “the draft budget is confined to the prime minister’s office and will not be Read more…

Citizens are angry because of the low price of the dinar against the dollar

Citizens are angry because of the low price of the dinar against the dollar

2020-12-19

Citizens spread anger on social media due to the low exchange rate of the Iraqi dinar against the dollar.

It is noteworthy that “the Council of Ministers held an emergency session this morning to approve the draft federal budget law for 2021, but it postponed it until tomorrow.”

During the past 24 hours, social networking sites in Iraq have witnessed a state of popular anger Read more…

The Cabinet postpones the vote on the budget law until tomorrow, Sunday

The Cabinet postpones the vote on the budget law until tomorrow, Sunday

12/19/2020 15:38

[Baghdad-Where]
The Council of Ministers decided, on Saturday, to postpone the completion of discussion of next year’s budget bill and vote on it until tomorrow, Sunday.
A statement by the office of Prime Minister Mustafa Al-Kazemi said, “The Council of Ministers decided to complete the discussion of the Federal Budget of the Republic of Iraq Read more…

Baghdad announces reaching an agreement with Kurdistan on the 2021 budget

Baghdad announces reaching an agreement with Kurdistan on the 2021 budget

12/19/2020 16:15

[Baghdad-Where]
The Iraqi Finance Minister announced, on Saturday, that an agreement had been reached on the 2021 budget.
The official agency quoted the minister as saying, “We have reached an agreement with Kurdistan on the 2021 budget, indicating that the current delegation Read more…

“Leak” annoys finance … and a warning of “exciting” statements

“Leak” annoys finance … and a warning of “exciting” statements

2020-12-18 08:30

Shafaq News / The Iraqi Ministry of Finance expressed, on Thursday, its “deep resentment and regret” for the unauthorized publication of the draft budget for 2021.

The ministry said in a statement received by Shafaq News, that “budget preparation is a complex technical process that includes many ministries, government institutions and international agencies concerned with the budget Read more…