IRAQI DINAR POLITICS & ECONOMY

Financial Advisor to Al-Kazemi: This is what Iraq needs to get out of its economic crisis

Financial Advisor to Al-Kazemi: This is what Iraq needs to get out of its economic crisis

12-1-2020

Dr. Mazhar Muhammad Salih, the financial advisor to the Iraqi Prime Minister, is one of the most prominent economists and finance experts in Iraq, and he was the deputy governor of the Central Bank of Iraq, and he possesses broad and deep theoretical knowledge and practical experience in financial and banking activity in the country, and he holds a master’s Read more…

Parliamentary Finance submits a request to question the governor of the Central Bank

Parliamentary Finance submits a request to question the governor of the Central Bank

2020-12-01

The Parliamentary Finance Committee revealed, on Tuesday, that a formal request has been submitted to the Presidency of the House of Representatives to question the governor of the Central Bank.

Committee member Thamer Theban said in a press statement that “the coming days will witness an interrogation within the House Read more…

Parliamentary Finance stresses the need to reconsider the currency auction

Parliamentary Finance stresses the need to reconsider the currency auction

01/12/2020 10:21

[Baghdad-Where]
The Finance Committee in the House of Representatives confirmed, on Tuesday, the need to reconsider the currency auction, while calling for it to be transferred to the Ministry of Finance.
A member of the committee, Ahmed Al-Saffar, said, according to the official agency, that “the issue of the currency window of the central bank does not exist Read more…

Postponement looms on the horizon .. The Commission calls on Al-Kazemi to postpone the “early” elections until September 2021

Postponement looms on the horizon .. The Commission calls on Al-Kazemi to postpone the “early” elections until September 2021

01/12/2020 15:16

[Baghdad-Where]
The Independent High Electoral Commission called on Tuesday, Prime Minister Mustafa Al-Kazemi to postpone the date of holding the elections to September of next year.
An informed source said that the Independent High Electoral Commission asked Prime Minister Mustafa Al-Kazemi, during its Read more…

The Iraqi government sets a new date for discussion of the 2021 budget bill

The Iraqi government sets a new date for discussion of the 2021 budget bill

01/12/2020 17:42

[Baghdad-Where]
The Iraqi Council of Ministers postponed holding the session devoted to discussing the 2021 budget bill until next Saturday.
Cabinet spokesman, Minister of Culture, Tourism and Antiquities, Hassan Nazim, said in a press conference held today Read more…

Parliamentary Finance: The proposal for the “white paper” to replace the currency requires a lot of money

Parliamentary Finance: The proposal for the “white paper” to replace the currency requires a lot of money

2020-11-30 09:15

Shafaq News / The Parliamentary Finance Committee confirmed, on Monday, that the “white paper” submitted by the Prime Minister, Mustafa Al-Kazemi, includes a proposal to replace the currency, noting that this proposal requires a lot of funds to implement it.

It is noteworthy that the Iraqi Prime Minister, Mustafa Al-Kazimi, confirmed, last June, that the government had prepared a “white paper” for the upcoming reforms. According to the document, the proposed period for implementation is 3 years from 2021 to 2023.

Committee reporter Ahmed Al-Saffar told Shafaq News: That “the reform paper to address the financial crisis presented by the House of Representatives includes one of its points to review the exchange rate while studying the possibility of proceeding with steps to delete zeros, Read more…

Faily reveals shocking details about the currency auction and links it to the salaries of 200,000 employees

Faily reveals shocking details about the currency auction and links it to the salaries of 200,000 employees

2020-11-30 09:11

Shafaq News / A member of the Parliamentary Economic and Investment Committee, MP Mazen Al-Faily, renewed his demand on Monday to stop the depletion of hard currency through the currency auction organized by the Central Bank of Iraq, stressing that specific banks belonging to political parties are the biggest beneficiaries of this auction.

Al-Faily said in a statement received by Shafaq News, “We renew our call to stop the depletion of hard currency in the selling auction, in which hundreds of billions of dinars are lost every month Read more…

Representative for the Democrat: The party is able to lead the region alone and close agreements in the areas of Article 140

Representative for the Democrat: The party is able to lead the region alone and close agreements in the areas of Article 140

Posted, 11/30/2020 22:15:01

(Baghdad: Al Furat News) The deputy of the Kurdistan Democratic Party, Ardalan Nur al-Din, announced, on Sunday, the ability of his party to lead the Kurdistan region alone, while he revealed close agreements regarding the areas of Article 140.
Nour al-Din told Al-Furat News that “the democrat can administer Kurdistan alone, as he won the largest number of votes and electoral seats in the center and the region. We did not seek the authorities, Read more…

The Parliamentary Investigation Committee on Electricity Contracts: We reached preliminary results and convictions

The Parliamentary Investigation Committee on Electricity Contracts: We reached preliminary results and convictions

11/30/2020 15:21:24

{Baghdad: Al Furat News} The parliamentary committee charged with investigating the Ministry of Electricity contracts since 2003 revealed that it had reached “preliminary results.”
A member of the committee and head of the parliamentary services and reconstruction committee, Walid al-Sahlani, told {Al-Furat News}: “We cannot declare because we have a specific measure that we will take, and a formal agreement has become in this between the members Read more…

Al-Kazemi directs to send the 2021 budget “immediately” to the Cabinet Secretariat

Al-Kazemi directs to send the 2021 budget “immediately” to the Cabinet Secretariat

2020-11-30

Prime Minister Mustafa Al-Kazemi directed, on Monday, to send the draft federal budget law for 2021 “immediately” to the General Secretariat of the Council of Ministers for the purpose of scrutiny.

“The Prime Minister directed the Ministries of Finance and Planning Read more…

Al-Fath: Al-Kazemi’s accusations to the blocs of controlling the ports are unacceptable excuses, and he must uncover the corrupt

Al-Fath: Al-Kazemi’s accusations to the blocs of controlling the ports are unacceptable excuses, and he must uncover the corrupt

2020-11-30

On Monday, the Al-Fateh Alliance criticized what it called Al-Kazemi’s vague accusations against the political blocs of controlling the outlets and the currency auction, returning them as unacceptable excuses and he must reveal the corruption of those parties.

The MP for Al-Fateh Ahmed Al-Kinani said in a press interview, “The talks of Prime Minister Mustafa Al-Kazemi about the corruption of the currency auction Read more…

Al-Kazemi issues instructions regarding the electoral process and submits a request to Parliament

Al-Kazemi issues instructions regarding the electoral process and submits a request to Parliament

11/30/2020 17:19

[Baghdad-Where]
On Monday, Prime Minister Mustafa Al-Kazemi issued several directives regarding the electoral process, directing a request to Parliament regarding the election law.
His office said in a statement, “The Prime Minister, Mustafa Al-Kazimi, visited today the headquarters of the Independent High Electoral Commission, and was informed Read more…

Close solutions .. The Minister of Planning talks about the share of the Kurdistan region in the budget

Close solutions .. The Minister of Planning talks about the share of the Kurdistan region in the budget

11/30/2020 15:51

[Baghdad-Where]
Minister of Planning Khaled Battal Al-Najm confirmed, on Monday, that the draft budget law for 2021 is in the process of preparation and will be discussed in the Council of Ministers next week, indicating that there are close solutions regarding the share of the Kurdistan region.
Al-Najm said in a television interview, “The budget is currently Read more…

A deputy calls for cutting diplomatic relations with the UAE and suspending the granting of entry visas to its citizens

A deputy calls for cutting diplomatic relations with the UAE and suspending the granting of entry visas to its citizens

11/29/2020 10:20:24

(Baghdad: Al Furat News) Representative Mansour Al-Baiji called, on Sunday, for the government to reciprocate the UAE, suspend granting entry visas to its citizens, and cut diplomatic relations with it.
In a press statement, Al-Baiji said, “I was surprised by the UAE’s recent decision to suspend the entry visa for Iraqis to its lands,” considering this decision a “targeting the sovereignty of Iraq and its citizens Read more…

Parliamentary finance in announcing a “double-edged” employee salaries are insured, but ??

Parliamentary finance in announcing a “double-edged” employee salaries are insured, but ??

11/29/2020 17:20:20

{Baghdad: Al-Furat News} The Parliamentary Finance Committee confirmed, on Sunday, that “the salaries of employees are insured and the government is able to pay them in this way.”
A member of the Finance Committee, Ahmed Rashid, told {Al-Furat News} that “any delay in sending the draft budget law is reflected in salaries and the government bears its responsibility,” stressing that “the government’s reluctance Read more…

Parliamentary efforts to prevent payment of any sums of money to Kurdistan in the 2021 budget

Parliamentary efforts to prevent payment of any sums of money to Kurdistan in the 2021 budget

2020-11-29

The head of the Government Program Implementation and Strategic Planning Committee, Hazem Al-Khalidi, announced, on Sunday, that it will seek to include provisions in the General Budget Law for 2021 that oblige Kurdistan to pay oil imports.

Al-Khalidi said in a press interview that “the regional government Read more…

Parliamentary committee calls on the government to start implementing the White Paper and warns of “a catastrophic matter”

Parliamentary committee calls on the government to start implementing the White Paper and warns of “a catastrophic matter”

2020-11-29

On Sunday, the head of the Parliamentary Committee to Follow Up the Governmental Program, Hazem Al-Khalidi, presented several proposals to maximize non-oil imports, and while he warned that the continued movement on the cash reserves in the Central Bank was a “catastrophic matter,” he called on the government to start implementing the White Paper.

Al-Khalidi said in a press interview, Read more…

Parliamentary Finance presents recommendations to the government from three axes

Parliamentary Finance presents recommendations to the government from three axes

11/29/2020 14:51

[Baghdad-Where]
The Parliamentary Finance Committee revealed today, Sunday, its recommendations, which are represented by a package of reforms consisting of three axes, stressing that the white paper contains reforms that harm the interests of some influential people.
The reporter of the Finance Committee, Read more…

Planning: We will focus on completing service and strategic projects in the 2021 budget

Planning: We will focus on completing service and strategic projects in the 2021 budget

11/29/2020 17:06

[Baghdad-Where]
The Ministry of Planning announced, on Sunday, that there are more than 6 thousand projects under implementation, confirming that the budget for next year 2021 does not include any new projects, but will focus on the completion Read more…

Change: Kurdish delegations do not have the powers to negotiate with Baghdad

Change: Kurdish delegations do not have the powers to negotiate with Baghdad

11/29/2020 18:22

[Baghdad-Where]
Member of the Change Movement, Julie Asaad, confirmed, on Sunday, that the Kurdish delegations that go to visit the capital, Baghdad, do not have the powers to negotiate and sign agreements.
Asaad said, “The Prime Minister of the Regional Government, Masrour Barzani, is only postponing Read more…