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
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 exchange rates of the dollar and foreign currencies in the Iraqi market
MONDAY, 21-12-2020, AM 10:25
Noon news agency publishes the approximate exchange rates of the dollar in local markets, on Monday (December 21, 2020)
Exchange offices prices : Read more…
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
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
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
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
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
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…
Iraqi Dinar Guru opinions 12-20-2020
12-20-2020 Newshound Guru MilitiaMan Article: “Before launching the new dollar rate, find out how much you will lose from your salary and how much it will become actual?” Again they have not come all this way to devalue, imo… It makes no sense to anyone. Especially the international markets.. It is laughable… imo They are telling us why they wont devalue, imo… It harms the citizens…The monetary illusion is that they are going to 1450 when they reduce the three zeros, the illusion goes away and purchase power is still be powerful imo. Why would the FM [Minister of Finance] be bragging about a devaluation? Makes one shake their head…Big time. So when reducing the zeros, gets the real income and purchase power!! imo… Read more…
The central bank publishes currency auction sales for the dollar at the new rate
12/20/2020 15:16:47
(Baghdad: Al Furat News) The Central Bank of Iraq sold more than 207 million dollars in its window to sell foreign currency, today, Sunday.
According to the bank’s daily bulletin on the currency auction, the total sale for the purposes of strengthening funds abroad (transfers, credits) amounted to Read more…
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
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…
Al-Kalabi: Collecting signatures for an emergency session in the presence of Al-Kazemi, Allawi, and the Governor of the Central Bank
12/20/2020 15:35:06
(Baghdad: Al Furat News) Member of Parliament Yusef Al-Kalabi announced today, Sunday, that the signatures of an emergency session will be collected in the presence of Prime Minister Mustafa Al-Kazemi, Minister of Finance Ali Allawi and Central Bank Governor Mustafa Ghaleb.
In a statement, Al-Furat News received a copy of it, Al-Kalabi stated that “the signatures of MPs are being collected for an emergency session on 12/23 in the presence of Prime Minister Mustafa Al-Kazemi, Minister of Finance Ali Allawi and Governor of the Central Bank, Mustafa Ghaleb,
to discuss:
1- The reasons for the decline in the exchange rate and the classification of banks The fiscal policy followed Read more…
Iraq issues new instructions to banks regarding commission for cash withdrawals for dollars
SUN, 20-12-2020, PM 1:13
On Sunday, the Central Bank issued new instructions to all banks regarding the commission for cash withdrawals for dollars, noting that the mechanism does not include customer deposits in dollars in cash.
“The commission for cash withdrawals of the US dollar, which comes from remittances received from banks to our accounts at the US Federal Bank, as well as remittances received by banks from other banks, is 0.007 seven per thousand, Read more…
Legal: The Central Bank has the power to hold accountable banks that do not adhere to the dollar rate
2020-12-20
The legal expert, Ali Al-Tamimi, explained, on Sunday, that the Central Bank has its law and can hold accountable banks that do not comply with the price of selling the dollar.
Al-Tamimi said to / the information /, that “the central bank has authority under its law through which it can close banks that violate its instructions and decisions,” indicating that “the rise in the exchange rate of the dollar to 1450 violates articles 30 and 31 of the Iraqi constitution Read more…
After the government’s decisions yesterday .. the dollar exchange rate increased against the Iraqi dinar today
2020-12-20
The exchange rates of the dollar against the Iraqi dinar were published on Sunday (December 20, 2020). Read more…
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
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…
Parliamentary Finance: Parliament cannot force the Central Bank to change the price of the dollar
20/12/2020 10:58
[Baghdad-Where]
The Parliamentary Finance Committee confirmed, on Sunday, the inability of the House of Representatives to force the Central Bank to change the decision to exchange foreign currency against the Iraqi dinar.
“The Central Bank is independent of its policy and is responsible for monetary policy in Iraq, while the Ministry of Finance is responsible for Read more…
