In a session held at dawn … Parliament approves a bill to finance the “fiscal deficit”

In a session held at dawn … Parliament approves a bill to finance the “fiscal deficit”

2020-11-12

The House of Representatives voted, Thursday dawn, on a bill to finance the “fiscal deficit.”

The Council voted on the bill’s articles, which are eight articles, including allocating 400 billion dinars to the large port of Faw and adopting fingerprints in salaries to eliminate Read more…

The deficit financing law ignites Kurdish disputes in Iraqi Kurdistan and Sulaymaniyah contemplates secession

The deficit financing law ignites Kurdish disputes in Iraqi Kurdistan and Sulaymaniyah contemplates secession

2020-11-12

On Thursday, a Kurdish political source revealed that there are major differences between the Patriotic Union and the Kurdistan Democratic Party, after the parliament voted on the financing of the deficit law.

The source said, “The National Union and its leadership headed by Read more…

The region’s presidency invites the top of the government pyramid to an important meeting

The region’s presidency invites the top of the government pyramid to an important meeting

12/11/2020 18:13

[Baghdad_Where]
On Thursday, the Presidency of Kurdistan expressed its concern about the Iraqi parliament passing a law on financing the fiscal deficit “without taking the principle of partnership”, calling for the three presidencies of the region, the concerned authorities and Read more…

Al-Kazemi directs finance to send the draft 2021 budget to the Cabinet Secretariat

Al-Kazemi directs finance to send the draft 2021 budget to the Cabinet Secretariat

12/11/2020 16:00

[Baghdad-Where]
The Prime Minister, Mustafa Al-Kazemi, on Thursday, directed the Ministry of Finance to send the draft budget for 2021 to the General Secretariat of the Council of Ministers.
The General Secretariat of the Council of Ministers stated, in a statement, that “Al-Kazemi Read more…

The Ministry of Finance announces the launch of employees’ salaries for the month of October

The Ministry of Finance announces the launch of employees’ salaries for the month of October

12/11/2020 17:13

[Baghdad-Where]
The Ministry of Finance announced, today, Thursday, the launch of financing the salaries of ministries and departments not associated with a ministry for the month of October, after the approval of the fiscal deficit law by the House of Representatives.
The media office of the Minister of Finance said in a statement, Read more…

Iraqi Dinar Guru opinions 11-11-2020

Iraqi Dinar Guru opinions 11-11-2020

11-11-2020 Newshound/Intel Guru Mnt Goat …we, as investors have trillions of this currency [IQD] in our holdings. Don’t hear much about this do you? They must come after our holdings…to get these notes out of circulation. The only way they are going to get mine is for me to exchange them at the banks for substantially more than what I paid for them. Read more…

Iraqi Dinar/US Dollar auction results 11-11-2020

Iraqi Dinar/US Dollar auction results 11-11-2020

The results of the foreign currency sale window on Wednesday 11/11/2020 and executed today

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Al-Rafidain reveals great benefits to citizens in exchange for depositing their money in the bank

Al-Rafidain reveals great benefits to citizens in exchange for depositing their money in the bank

11/11/2020 08:44:54

{Baghdad: Al Furat News} Al-Rafidain Bank announced, on Wednesday, that it will continue to open accounts for citizens and other segments to deposit their money in the bank.
The media office of the bank said in a press statement that “the bank continues to open accounts (savings and current) for citizens Read more…

In the document … a deputy reveals the value of the borrowing and the parties covered by it

In the document … a deputy reveals the value of the borrowing and the parties covered by it

11/11/2020 14:20:23

{Baghdad: Al Furat News} A deputy revealed the amount of the financial deficit financing bill {borrowing}
“What the government needs in terms of borrowing does not exceed 9.8 trillion dinars, while 23 trillion dinars have been allocated,” Jamal Al-Muhammadawi said during a press conference held at Parliament today.
He added, “We are surprised at the allocation of 1 trillion goods and services Read more…

Dollar exchange rates against the Iraqi dinar in the local market 11-11-2020

Dollar exchange rates against the Iraqi dinar in the local market 11-11-2020

WEDNESDAY, 11-11-2020, PM 3:55

The exchange rates of the dollar on the main stock markets rose slightly, while it stabilized in the local markets today, Wednesday (November 11, 2020). Read more…

Polls “deny” Biden from winning the US presidency!

Polls “deny” Biden from winning the US presidency!

2020-11-11

A website that collects the results of public opinion polls “deprived” the Democratic candidate in the US presidential election, Joe Biden, from winning, by excluding 20 electoral college votes that he won.

Although the largest American media confirmed Biden’s victory in the election, RealClearPolitics now rates the level of support for the Democratic candidate among members of the electoral college at 259 Read more…

Economist: The government has large funds that are not being used properly

Economist: The government has large funds that are not being used properly

2020-11-11

The economic expert Ihssan Al-Kinani said that the government is facing an opportunity that should be seized to remedy the financial crisis, bring about urban development and end the housing crisis, pointing out that a lot of the sums will enter the state treasury Read more…

Iraq gets a reduction in the cost of implementing Al-Faw port and demands more

Iraq gets a reduction in the cost of implementing Al-Faw port and demands more

11/11/2020 12:56

[Baghdad-Where]
The Iraqi Ministry of Transport confirmed, on Wednesday, that the Korean company Daewoo has reduced its financial demands by $ 150 million for the implementation of the Faw port.
The ministry’s spokesman, Faleh Hadi, said in an interview Read more…

A video meeting between Al-Kazemi and Bin Salman ends with an agreement on 9 items

A video meeting between Al-Kazemi and Bin Salman ends with an agreement on 9 items

11/11/2020 12:41

[Baghdad_Where]
Iraqi Prime Minister Mustafa Al-Kazemi and Saudi Crown Prince Mohammed bin Salman on Tuesday held a visual (virtual) meeting during which they agreed on nine items to strengthen relations between their countries on various levels.
According to a joint statement issued by the meeting, Read more…

Yazidi leader: Barzani’s party is targeting us because we have stopped his oil smuggling operations

Yazidi leader: Barzani’s party is targeting us because we have stopped his oil smuggling operations

11/11/2020 18:43

[Baghdad-Where]
The leader of the Yazidi crowd, Fahd Hamed, confirmed, on Wednesday, that the crowd stopped the oil smuggling operations that the Kurdish parties were practicing in Sinjar.
Hamid said that “influential parties that were linked to the Kurdistan Democratic Party” smuggle oil daily Read more…

Parliament Presidency calls on the blocs to pass the borrowing law to end the salary crisis and leave the auctions

Parliament Presidency calls on the blocs to pass the borrowing law to end the salary crisis and leave the auctions

11/11/2020 15:13

[Baghdad-Where] On
Wednesday, the Presidency of Parliament called on the political blocs to pass the borrowing law to end the salary crisis and leave the auctions.
According to his media office, Al-Kaabi urged parliamentary blocs to “vote on the fiscal deficit law in order to end the problem Read more…

Iraqi Dinar Guru opinions 11-10-2020

Iraqi Dinar Guru opinions 11-10-2020

11-10-2020 Intel Guru Footforward [why is Iraq doing a borrowing law? if they could just RV wouldn’t that get rid of borrowing?] it would. It’s because they can’t go into debt unless they have approval for it. Theory is that they could RV and borrow money to kick start their recovery faster. Read more…

Iraqi Dinar/US Dollar auction results 11-10-2020

Iraqi Dinar/US Dollar auction results 11-10-2020

The results of the foreign currency sale window on Tuesday 10/11/2020 and executed today

Advertisement No. (4292) Read more…

The “white paper” indicates a major imbalance in the work of governmental and private banks in Iraq

The “white paper” indicates a major imbalance in the work of governmental and private banks in Iraq

2020-11-10 09:31

Shafaq News / The “white paper” on economic reform published by the Ministry of Finance on its official website indicated a defect in the work of government and private banks in Iraq, indicating that government banks have a monopoly of 82% of total loans and 86% of total deposits.

The paper, which was reviewed Read more…

The Kurds reject a “Shiite proposal” to delete Article 140

The Kurds reject a “Shiite proposal” to delete Article 140

2020-11-10 09:25

Shafaq News / The head of the Kurdistan Democratic Party bloc, Vian Sabri, announced on Sunday that the Kurdish representatives rejected a proposal by Shiite blocs to cancel Article 140 of the constitution.

Sabri told Shafaq News, “The constitution amendment committee held its meeting, Sunday, regarding Article 140 of the constitution, and at the meeting a number of committee members from Shiite blocs suggested deleting the article.

She explained that “the Kurdish deputies rejected the proposal completely, and as a result the meeting was Read more…