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.
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…
A major crime has been revealed … leaked emails from the Central Bank demanding the dismissal of the governor
23/12/2020 14:45
[Baghdad-Where]
Member of the National Approach bloc, Representative Jamal al-Muhammadawi, revealed, on Wednesday, a leak from the Central Bank of Iraq that includes buying dollars from intermediary banks at a price of (1450) dinars, and while this was considered a “major crime” against the Iraqi economy, he demanded the immediate dismissal Read more…
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…
Iraqi Dinar Guru opinions 12-22-2020
12-22-2020 Newshound Guru MilitiaMan Article quote: “…the bank is preparing to launch a package of measures that will achieve a shifting balance in the exchange rate for the year 2021…” They are preparing a package of measures that will balance the 2021 Exchange rate. Well, it will not be a future devalued rate of 1460 be sure, imo!! That is to be challenged, rejected or amended. imo… Read more…
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…
Shocking decline in the central bank’s sales of dollars today
12/22/2020 15:03:20
{Baghdad: Al Furat News} The Central Bank of Iraq’s sales of dollars on Tuesday fell shockingly, falling to 43%.
According to the bank’s daily bulletin on the currency auction, the total sale for the purposes of strengthening the funds abroad (transfers, credits) amounted to Read more…
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
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…
Currency manipulation by Vietnam and Switzerland … a new gift from Trump for the Biden administration
12-22-2020
A few days ago, the US Treasury Department designated Switzerland and Vietnam “two currency manipulator countries,” which puts the next administration headed by Joe Biden before difficult choices.
In a report published by the American Foreign Policy magazine, writer Joseph Sullivan says that the Treasury’s decision this week was exceptional, Read more…
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A decrease in the exchange rates of the dollar
2020-12-22
The exchange rates of the dollar decreased in the main stock markets and local markets, today, Tuesday (December 22, 2020).
The Kifah Stock Exchange recorded 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
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
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…
A protest stand in front of the Central Bank to raise the price of the dollar
12/22/2020 14:12
[Baghdad-Where]
A protest was launched, Tuesday, in front of the headquarters of the Central Bank of Iraq in the center of the capital, Baghdad, to protest against the increase in the exchange rate of the dollar against the Iraqi dinar.
A source said, “Dozens of earning citizens, merchants and businessmen organized a protest Read more…
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…
Iraqi Dinar Guru opinions 12-21-2020
12-21-2020 Newshound Guru Pimpy Article “Parliament will extend its legislative territory with the arrival of the budget next week” Quote: “a draft of the physical budget version of 2021 which included a fixing the exchange rate of the dollar against the dinar to 1450.” …you could buy 1190 dinar for 1 dollar. What that means is now you could buy 1450 dinar for $1. That’s not good. It’s going in the wrong direction. We need this number to shrink… Read more…
Iraqi Dinar/US Dollar auction results 12-21-2020
The results of the foreign currency sale window on Monday 12/21/2020, and executed today
Advertisement No. (4320) Read more…
A statement issued by the Central Bank of Iraq regarding the exchange rate adjustment
December 21, 2020
A statement issued by the Central Bank of Iraq regarding the exchange rate adjustment
During the last months of this year, intense deliberations took place with the Prime Minister, the Minister of Finance and the Legislative Authority, regarding the general economic situation and the financial crisis that the public finances are going through due to low oil prices and production, and the economic and health challenges. The Board of Directors of the Central Bank held a number of meetings, some of which were hosted by the Minister of Finance for the same purpose. The Central Bank of Iraq would like to show the following: Read more…
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…
The dollar is dropping in Baghdad
12/21/2020 14:18:13
{Baghdad: Al Furat News} The exchange rate of the dollar fell again, today, Monday, in Iraq.
The selling price in Baghdad was 1450 dinars, and the purchase was 1385 dinars, after this morning it was at 1430 dinars {sale price}.
And it decreased in the north of the country to 1,385 dinars (selling) and Read more…
