Legal expert: Iraq’s exit from the lists of high-risk countries is a big victory
04/19/2021 09:14:35
Legal expert Tariq Harb said today, Monday, that Iraq’s exit from the lists of high-risk countries is a “great political and economic victory” for the government and the Central Bank. Harb said in a statement that Al-Furat News received a copy of, that “many years have passed on the name of Iraq in the lists of high-risk countries, with the consequences Read more…
Alia Nassif: We will vote on the removal of the Minister of Finance as soon as the deductions decision are implemented
Monday 19 April 2021 | 11:04 a.m.
Today, Monday, Representative Alia Nassif confirmed that the House of Representatives will vote on the dismissal of Finance Minister Ali Allawi if the decision to impose taxes and deduct from the salaries of employees is implemented .
Nassif said in a statement, “Parliament represents the authority of the Iraqi people, and Parliament has previously removed the tax deductions paragraph Read more…
A strategic partnership between MasterCard and the Central Bank of Iraq to develop payment systems
Monday 19 April 2021 | 12:29
MasterCard signed a partnership agreement with the Central Bank of Iraq to digitize the payment systems in the country, in a move aimed at enhancing financial inclusion, advancing social and economic development, reducing the risks of the shadow economy, and accelerating progress towards a cashless society. The partnership aims primarily to build an efficient, reliable and secure payment Read more…
Central Bank Governor opens the headquarters of the Iraqi Deposit Insurance Corporation
Monday 19 April 2021 | 01:06 PM
The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, inaugurated the new headquarters of the Iraqi Deposit Insurance Corporation .
The governor said that the company will contribute to restoring confidence in the private banks operating in Iraq, stressing that the Central Bank will Read more…
Parliamentary Finance responds to the conflicting figures in the 2021 budget
4/19/2021 16:15
[Baghdad-Where]
The Parliamentary Finance Committee responded, on Monday, to the conflicting figures between the 2021 Fiscal Budget Law, which the House of Representatives voted on, and the law published in the official Al-Waqi’a newspaper.
The committee stated, in a statement, that it “has seen some data and the inquiries Read more…
Iraqi Dinar Guru opinions 4-18-2021
4-18-2021 Newshound/Intel Guru Mnt Goat Article: “GETTING INTO IRAQ HAS NOW NEVER BEEN EASIER” This is part of the plan to re-open the country to international status and allow a free flow of people and capital in and out of the county. This is what we need to see. Read more…
Iraqi Dinar/US Dollar auction results 4-18-2021
The results of the foreign currency sale window on Sunday 4/18/2021, and executed today
Advertisement No. (4395) Read more…
Al-Waqae ‘newspaper publishes the general budget for 2021
04-18-2021 12:20 PM
On Sunday, the official newspaper Al-Waqi’a published the fiscal budget law for 2021. By publishing the law in the official newspaper, Read more…
Dollar continues to rise
04/18/2021 10:26:49
{Baghdad: Al Furat News} The exchange rates of the dollar rose today, Sunday, on the main stock exchange in Baghdad.
The central Al-Kifah and Al-Harithiya Stock Exchange in Baghdad Read more…
Parliamentary movement to make amendments to the oil and gas law
04/18/2021 07:47:21
The Parliamentary Oil and Energy Committee has opened the cabinet and the Ministry of Oil for the purpose of expediting amendments to the oil and gas law and sending it to Parliament.
Committee member Sadiq Al-Sulaiti said, in a press interview, that the oil and gas law is one of the most important stalled laws, and the Parliamentary Oil Committee Read more…
Legal expert explains the importance of Iraq leaving the British classification of high risk countries
04/18/2021 18:18:57
The legal expert, Tariq Harb, explained the importance of Iraq leaving the British classification of high risk countries.
Harb said {to Euphrates News} that “many foreign companies were reluctant to enter into projects inside Iraq; but after the recent British decision, the doors of work were opened in front of them.”
He added, “We find foreign companies currently operating Read more…
Iraq is outside the UK’s high risk country ranking
Sunday 18 April, 2021 | 11:26 a.m.
The British Treasury in the Department of the United Kingdom Government has not included the name of the Republic of Iraq among the lists of high risk countries according to Resolution No. 392 of 2021 .
The Central Bank of Iraq said in a statement; That this action came; Within the framework of the efforts of the Central Bank of Iraq and through the Office of Combating Money Laundering and Terrorist Financing Read more…
Nassif confirms: Al-Kazemi rejected the Finance Minister’s decision to withhold salaries due to pressure
Sunday 18 April, 2021 | 01:57 PM
A member of the House of Representatives, Alia Nassif, confirmed, on Sunday, that the Prime Minister’s retreat from approving Finance Minister Muhammad Allawi’s book on the tax deduction for employees ’salaries came as a result of media and specialist pressure .
Nassif said, “Finance Minister Muhammad Allawi’s decision to impose tax Read more…
Advisor to the Prime Minister reveals the budget materials that the government will challenge
4/18/2021 14:32
[Baghdad-Where]
Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, revealed the articles that the government will challenge in the 2021 fiscal budget law.
Saleh said, “The two most important points that will be included in the government appeals to the budget are Read more…
Iraqi Dinar Guru opinions 4-17-2021
4-17-2021 Newshound/Intel Guru Mnt Goat We all need to relax and let this play out in Iraq. All the conversations now are about implementing the financial reforms, as listed in the “White Paper”. …We know that the White Paper states that the project to delete the zeros will be completed. So, it’s now on the radar, its documented and they can’t avoid it much longer. Oh… we know the budget is passed and ratified. We are just waiting for the publishing in the gazette. But will we get the RV once it’s in the gazette…No one knows for sure but I will say the IMF does want Iraq to get its act together and follow a budgetary process. It is now done. But the CBI has said noting about an RV anytime soon. Is this just a coverup for what they might do? …So far the CBI is not advertising any rate change in the next 2 years. Yes, two years. Will it take that long? Read more…
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The dollar settles at 147,500 dinars for a second day
04/17/2021 09:50:07
The exchange rates of the dollar stabilized because the main stock exchange in the Al-Kifah and Al-Harithi markets in the Iraqi capital, Baghdad, stopped trading as a result of the comprehensive ban that was applied during the last period of Friday and Saturday. Read more…
Al-Rafidain raises the interest of saving accounts for depositors their money
04/17/2021 10:10:32
{Baghdad: Al Furat News} Today, Saturday, the Rafidain Bank announced that the interest rate for citizens’ savings accounts will be raised to 4.5 percent.
The bank’s media office said in a statement that Al Furat News received a copy of, that “based on the bank’s policy aimed at maximizing revenues in order to attract cash and encourage customers to save their money instead of hoarding it at home, the bank decided to increase the interest rate Read more…
Parliamentary Finance: We have no choice but to question and dismiss the Minister of Finance
2021-04-17
A member of the Parliamentary Finance Committee, Muhammad Al-Shabaki, confirmed, on Saturday, that the Minister of Finance Ali Allawi’s continuation of this approach may prompt us to interrogate him as he failed to manage the financial policy.
Al-Shabaki said in a press statement, “The Minister of Finance’s letter is a recommendation to the Council of Ministers to make tax deductions retroactively Read more…
Deputy: The Minister of Finance’s decision is a collective punishment of the people
4/17/2021 15:31
[Baghdad-Where]
Representative Bahar Mahmoud, on Saturday, expressed her surprise at the Finance Minister’s proposal to impose taxes on the salaries of employees under the pretext of maximizing their resources, indicating that the salaries of employees were originally reduced with the increase of the dollar price.
Said Mahmoud in a statement, it can not be the Ministry of Finance to maximize Read more…
Iraqi Dinar Guru opinions 4-16-2021
4-16-2021 Intel Guru FootForward …I personally am going to a bank to cash out my dinar. I would be a little wary personally of anywhere saying that there is no tax. For one the tax has not been determined yet on this exchange…I think people are so caught up in the highest rate or no tax that they lose perspective of the big picture. [I have never paid tax on converting usd to Canadian or Canadian to usd but that was under $200.] This is very different. It would be awesome to pay no tax…But this isn’t just a currency exchange in the traditional sense… Read more…
