Baghdad - Al-Kifah Stock Exchange
123,950
….
Price in banking (approximate)
123,500
124,500
——————
Najaf
124,050
————
Erbil
124,300
————
Sulaymaniyah
124,250
————
Mosul
124,250
123,950
….
Price in banking (approximate)
123,500
124,500
——————
Najaf
124,050
————
Erbil
124,300
————
Sulaymaniyah
124,250
————
Mosul
124,250
Iranian Rial
Iran’s currency reaches lowest value ever against the dollar
Money exchange shops briefly traded the Iranian rial 200,000 for a dollar and later in the day, the currency was valued at 198,000 rials against the dollar. The lows were a new record after the rial on Saturday traded at 190,000 for the dollar.
The Markets:
Asian markets closed mixed NIK down by .07% HSI down by .50% SHANG up by .30%
The UK markets are currently trading in the red down by 1.17% to 2.24%
Our futures are red DOW at 25772 down by .95% SNP at 3091 down by .86% NDX at 10141 down by .53%
Precious Metals:
GOld is green at 1778 Silver is green at 18.27 Copper is red at 265 Platinum is red at 829
Brent 42 WTI
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1164.7000 |  1217.7000 | 1193.2000 | 1188.7000 | 1188.7000 | 2.7000 | 15:40 |
| USD/VND | 23264.0000 | 23267.0000 | 23214.9800 | 23211.2100 | 23211.2100 | 7.8400 | 01:30 |
| USD/CNY | 7.0708 | 7.0728 | 7.0763 | 7.0512 | 7.0575 | 0.0133 | 05:12 |
| USD/KWD |  0.3072 | 0.3082 | 0.3073 | 0.3072 | 0.3073 | -0.0001 | 05:00 |
| GBP/USD | 1.2508 | 1.2509 | 1.2541 | 1.2466 | 1.2519 | -0.0012 | 05:13 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 97.5000 | 06:03 |
| USD/IDR | 14161.0000 | 14164.0000 | 14188.0000 | 14099.0000 | 14128.0000 | 35.0000 | 05:10 |
Things in the News:
ey Support for Economy May Be About to Buckle...
Junk Bonds Top Monthly Sales Record!
Investors making biggest bet against stock market in decade...
Decline of dollar could happen at 'warp speed'...
MORE BAILOUT CASH COMING...
Americans Putting Off Marriage, Kids For Financial Security...
Junk Bonds Top Monthly Sales Record!
Investors making biggest bet against stock market in decade...
Decline of dollar could happen at 'warp speed'...
MORE BAILOUT CASH COMING...
Americans Putting Off Marriage, Kids For Financial Security...
Iraqi Articles:
Parliamentary support for the Prime Minister's economic and reform steps
Members of the House of Representatives confirmed their support for the reform steps of Prime Minister Mustafa Al-Kazemi, by seeking to establish an investment fund for future generations, stating that "the Prime Minister's reform steps are moving in the right direction, the most important of which is the transfer of oil revenues to development projects."
Member of the Parliamentary Economy and Investment Committee Nada Shaker Jawdat said: "Iraq needs to activate non-oil imports and rely on them in proportions commensurate with the size of its investment budget."
Noting that "the idea of establishing an investment fund for future generations will boost citizens' confidence in the state and send a message of reassurance to future generations and achieving social justice, and it is possible to work on this project, because Iraq has a lot of imports in various fields and it can do a lot to invest it."
She stressed, "There is a wide horizon for investment in Iraq in the fields of agriculture, industry and reliance on tourism of all kinds, archeological and religious, and their exploitation will provide full coverage of employee salaries and social welfare in addition to supporting the unemployed until they find job opportunities for them."
Jawdat explained that "relying on the oil sector only is not correct, and oil revenues must be transferred to strategic development projects that support the state’s goals in building and building and providing services to citizens, in addition to reviving their social status by increasing salaries for social welfare and providing salaries for the unemployed, As well as providing adequate housing for citizens of the poor segments with small symbolic amounts through the path of investment. "
For his part, Deputy Nofal Al-Nasheed indicated that "the reform steps that the Prime Minister declares are good, and it is important to move the economic situation to a safe situation," noting that "the House of Representatives supports all the reforms that the Prime Minister is working on."
He added that "among the reforms that the prime minister must proceed with is to support the investment law in new, simplified and attractive formats for investors from facilities to speed in implementation." He pointed out that "investment is the best solution to avoid the financial crisis, in addition to supporting the Iraqi product and activating work in The private and public sectors and involve them in a step that can achieve self-sufficiency in industry and agriculture. "
And the youth pointed out that "the prime minister's insistence on making reforms is important and sends an important message that the country is developing, so everyone should support the prime minister's reform steps, especially in supporting the Iraqi economy."
He pointed out that "one of the most important reform measures is to activate the work with non-oil resources, including border crossings, and strategic planning to establish large factories through investment to employ manpower and eliminate unemployment in the agricultural and industrial sector, and it is one of the most important sectors that can generate resources for the treasury."
Oil prices are in contrast with the decline in US fuel stocks and an increase in crude stocks
Oil futures varied, on Wednesday, due to fears of oversupply in the market, fueled by an increase in US crude stocks, offset by a decline in gasoline stocks, which boosted hopes for a recovery in fuel demand in light of the reopening of the global economy.
Brent crude rose 12 cents, or 0.3 percent, to $ 42.75 a barrel by 0643 GMT, after falling to $ 42.30 earlier in the session.
US West Texas Intermediate crude futures fell one cent to $ 40.34 a barrel, trimming some of the losses it had incurred earlier.
And US crude inventories increased significantly more than expected at 1.7 million barrels last week, according to the American Petroleum Institute, which is much more than analysts' expectations for an increase of 300 thousand barrels.
But data showed gasoline stocks and distillate inventories declined in the United States, fueling optimism that fuel consumption was increasing as some economies eased the public isolation imposed to contain the Corona pandemic.
Yesterday, Brent and West Texas Intermediate contracts traded at their highest levels since the price crash in early March.
Global oil consumption began to recover as economies emerged from public isolation, while OPEC + and allies, in the context of OPEC +, cut production and shuttered US shale oil producers.
But Kazuhiko Saito, chief analyst at Fujitumi, said the market was still concerned by the increasing number of HIV infections in the United States and other regions of the world.
According to a Reuters analysis, the number of new infections rose 25 percent in the United States in the week ending June 21, and the number of deaths in Latin America exceeded 100,000 deaths on Tuesday.
20 Billion dollars, the weight of the 2021 budget .. Committee: There is no truth to pay salaries every 45 days
The Finance Committee in the House of Representatives announced on Wednesday that the weight of the budget of 2021, followed by about 20 billion dinars, negated the rumors of distributing salaries every 45 days.
"The committee refuses to borrow to secure salaries only, as it is an operational matter, which means that the weight of the next year's budget in 2021 and the budget that follows is about 20 billion dollars without any financial return," said committee member Jamal Cougar.
Cougar added, "There is an equation between loans and reform, that is, the more loans increase, the more the government will move away from real reform, meaning that if the government does not find money, it will have to reform, but if the money is there, no reforms will take place."
The committee member pointed out that his committee "allowed the government to borrow to secure these two months only in order to reap the fruits of its reforms that must begin from now," noting that "
"The committee refuses to borrow to secure salaries only, as it is an operational matter, which means that the weight of the next year's budget in 2021 and the budget that follows is about 20 billion dollars without any financial return," said committee member Jamal Cougar.
Cougar added, "There is an equation between loans and reform, that is, the more loans increase, the more the government will move away from real reform, meaning that if the government does not find money, it will have to reform, but if the money is there, no reforms will take place."
The committee member pointed out that his committee "allowed the government to borrow to secure these two months only in order to reap the fruits of its reforms that must begin from now," noting that "
Deputy: We will not allow the payment of one dinar to the region until after the delivery of oil and ports to the center
The deputy of the State of Law coalition, Mansour Al-Baiji, confirmed that the people's representatives will not allow the payment of one dinar to the region until after the delivery of oil and ports to the center. Al-Baiji said in a statement that "all the Kurdish delegations that come to Baghdad deal with the federal government as a counterpart to it or as another country negotiating with a neighboring country for it as if they are not affiliated with Iraq or the federal government," noting that they are "cooperating with the central government and even the laws that legislate in the federal parliament do not recognize With it and do not implement it in the region. " Al-Baiji added, “We cannot accept the delivery of Basra oil and port imports to other governorates to the Kurdistan Regional Government and the latter refuses to comply with the federal government,” noting that “for a choice before the provincial government other than to deliver oil, ports, airports, and adhere to the constitution and law so that the federal government can deal with the region like In other provinces. " He continued "
CBI, ISX,Dinar Guru:
CBI Update:
Click on the link above for the latest update.
The CBI for rate is 1190.
The currency auction total sales amount $ not updated for WED.
including cash sold
ISX Update: At my last checking
Shares Traded: not updated for today
Value Traded: not updated for today
closed
6-24-2020 Intel Guru Frank26 ...my broker called me around 3:00 in the afternoon yesterday to say to me, 'Frank, we're putting a freeze on the selling of the Vietnamese dong.' And I said, really? We already have a freeze on the Iraqi dinar...the liquidity of this currency was accomplished as a benchmark in order for them to come out with the Real Effective Exchange Rate of the Iraqi dinar...the Iraqi dinar...exchange rate for it is .000869741 somewhere in that ball park...so when you take that decimal point and move it over to the right 3 places...rounds out to about .86 cents and the goal is to get it to 1 dollar... [post 1 of 2....stay tuned]
6-24-2020 Newshound/Intel Guru Mnt Goat The WOW news of the week is the CBI has finally spoken up. They issued a “white paper” again on the financial sector of Iraq. It is all very good as they talk about going international and completing the “project to delete the zeros” in the “coming period”. So again, we just have to sit tight and wait it out. Please, please, please don’t sell you dinar. You are already RICH only you have to wait a bit to go to the bank. We are slowly progressing to the end of this ride and it will not be much longer. How much longer? We are now seeing many of the reforms we could only pray for these last couple years. Yes, they are actually doing them. All I can tell everyone NOW is it will be much sooner than later and certainly not January 2021.
6-24-2020 Newshound/Intel Guru Mnt Goat The WOW news of the week is the CBI has finally spoken up. They issued a “white paper” again on the financial sector of Iraq. It is all very good as they talk about going international and completing the “project to delete the zeros” in the “coming period”. So again, we just have to sit tight and wait it out. Please, please, please don’t sell you dinar. You are already RICH only you have to wait a bit to go to the bank. We are slowly progressing to the end of this ride and it will not be much longer. How much longer? We are now seeing many of the reforms we could only pray for these last couple years. Yes, they are actually doing them. All I can tell everyone NOW is it will be much sooner than later and certainly not January 2021.
6-23-2020 Newshound Guru Pimpy ...the reason why they denied me entry into this conference [Iraq Finance Expo] is because I speak about the dinar. That's how I knew for sure they were gonna talk about it. They didn't want me in there recording anything because they knew they were gonna talk about the dinar. They didn't specifically give out any kind of rate change but they didn't talk about what needs to be done. And it's already being done. I feel absolutely good about the year 2020...
6-23-2020 Newshound Guru Jeff Article "Al-Kadhimi reveals the details of the 'white paper" This is very important. The White paper is the roadmap for the rate change. For the economic reform. And the brand new economy they're preparing to launch...
6-23-2020 Intel Guru Bob Locke [via PDK] [...How close do you think we are?] I have never seen the kind of talk and the amount of talk indicating that today is the day thus far through all my years and years of this. . .I am hopeful today that we see some stuff happen.
6-23-2020 Newshound Guru Pimpy ...there's been a lot of chitter-chatter about the IFEX conference...It was Allak who spoke about the dinar during the conference. This is what Allak said. The dinar must first be stable in the country before it can be international. But he also said... Iraq was open for business and that he encouraged outside investors to come in...We also know...if they're gonna come in and do business a couple of things must happen. One is Iraq has to have an internationally recognized currency. There is no "ifs" "ands" or "but's" about it. Not only that you have to change the rate in order for outside investors to come in or it's too expensive. Sure the labor is cheap in country but importing good from other countries that they will need to get their businesses going it's just too costly. So rate change is gonna have to happen...
6-23-2020 Intel Guru Footforward I have a pretty good idea on what the rate will be. It's just the date...That I'm working on. I've said for a long time it will be over 3.50 in my opinion. I can't get more specific then that...
6-23-2020 Intel Guru MarkZ [via PDK] [This was supposed to be our morning…very disappointing.] I heard it wasn’t supposed to start until this afternoon…so I am not disappointed yet. Watching this afternoon about 4 or 5. Banking contacts have been very frustrated but they believe today is the day…specifically this afternoon. They are confident we are in the last 1-to 3 days of all of this. Iraq contacts are also thinking today is the day and they will be able to publish a figure in the Gazette tomorrow. They are very confident that they will be going by the first and will have an International, Worldwide, Competitive Currency. We will be watching this evening closely.
6-23-2020 Newshound Guru Jeff ...as Allak's [Governor of the CBI] proxy term is ending on or around July 15th Iraq is transitioning...to a new economic system but the rate change has to happen right in the middle - between the two. They're putting out a ton of articles telling you they're planning to do this. You are very close to the edge of this right now...
6-23-2020 Newshound/Intel Guru Walkingstick [via Frank26] ...these white papers are the end result of when they have pulled the trigger of the monetary reform...the white papers have the rate and the date... [Reference Frank26 6-23-2020]
6-23-2020 Intel Guru Frank26 ...the CBI has introduced something that was in those meeting two months ago...it's called "white paper". It's a report. It's a guide. It's a definition of an agreement...White paper is extremely important. It's an authoritative report. It comes from the authorities of the Fab 4. It's important for the structure of Iraq and it's important for the international structure of Iraq. This white paper is extremely crucial...it's been introduced from the CBI to the GOI. What's it for? Mainly it's for the budget. What's in the budget? The economic reform. I told you they need the financial reform first in order to have the economic reform...these white papers are the passport for the new Iraqi dinar...
6-23-2020 Newshound Guru Samson Article: "Corona may prompt the Iraqi parliament to hold unprecedented sessions" Quote: "Next Wednesday will see a vote on the law on external and internal borrowing," noting that "the oil and gas law will be included in the upcoming sessions."
6-23-2020 Newshound Guru Jeff Article "Al-Kadhimi reveals the details of the 'white paper" This is very important. The White paper is the roadmap for the rate change. For the economic reform. And the brand new economy they're preparing to launch...
6-23-2020 Intel Guru Bob Locke [via PDK] [...How close do you think we are?] I have never seen the kind of talk and the amount of talk indicating that today is the day thus far through all my years and years of this. . .I am hopeful today that we see some stuff happen.
6-23-2020 Newshound Guru Pimpy ...there's been a lot of chitter-chatter about the IFEX conference...It was Allak who spoke about the dinar during the conference. This is what Allak said. The dinar must first be stable in the country before it can be international. But he also said... Iraq was open for business and that he encouraged outside investors to come in...We also know...if they're gonna come in and do business a couple of things must happen. One is Iraq has to have an internationally recognized currency. There is no "ifs" "ands" or "but's" about it. Not only that you have to change the rate in order for outside investors to come in or it's too expensive. Sure the labor is cheap in country but importing good from other countries that they will need to get their businesses going it's just too costly. So rate change is gonna have to happen...
6-23-2020 Intel Guru Footforward I have a pretty good idea on what the rate will be. It's just the date...That I'm working on. I've said for a long time it will be over 3.50 in my opinion. I can't get more specific then that...
6-23-2020 Intel Guru MarkZ [via PDK] [This was supposed to be our morning…very disappointing.] I heard it wasn’t supposed to start until this afternoon…so I am not disappointed yet. Watching this afternoon about 4 or 5. Banking contacts have been very frustrated but they believe today is the day…specifically this afternoon. They are confident we are in the last 1-to 3 days of all of this. Iraq contacts are also thinking today is the day and they will be able to publish a figure in the Gazette tomorrow. They are very confident that they will be going by the first and will have an International, Worldwide, Competitive Currency. We will be watching this evening closely.
6-23-2020 Newshound Guru Jeff ...as Allak's [Governor of the CBI] proxy term is ending on or around July 15th Iraq is transitioning...to a new economic system but the rate change has to happen right in the middle - between the two. They're putting out a ton of articles telling you they're planning to do this. You are very close to the edge of this right now...
6-23-2020 Newshound/Intel Guru Walkingstick [via Frank26] ...these white papers are the end result of when they have pulled the trigger of the monetary reform...the white papers have the rate and the date... [Reference Frank26 6-23-2020]
6-23-2020 Intel Guru Frank26 ...the CBI has introduced something that was in those meeting two months ago...it's called "white paper". It's a report. It's a guide. It's a definition of an agreement...White paper is extremely important. It's an authoritative report. It comes from the authorities of the Fab 4. It's important for the structure of Iraq and it's important for the international structure of Iraq. This white paper is extremely crucial...it's been introduced from the CBI to the GOI. What's it for? Mainly it's for the budget. What's in the budget? The economic reform. I told you they need the financial reform first in order to have the economic reform...these white papers are the passport for the new Iraqi dinar...
6-23-2020 Newshound Guru Samson Article: "Corona may prompt the Iraqi parliament to hold unprecedented sessions" Quote: "Next Wednesday will see a vote on the law on external and internal borrowing," noting that "the oil and gas law will be included in the upcoming sessions."
Catnip's Corner:
***************
ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)
The Council of Ministers holds its regular session, headed by Prime Minister Mustafa Al-Kazemi
The Council of Ministers held its regular session, today, Tuesday, June 23, 2020, under the chairmanship of the Prime Minister, Mr. Mustafa Al-Kazemi, devoted to discussing the topics on his agenda.
The Prime Minister mentioned the challenges facing the country in light of the Corona pandemic, and the efforts made by the government to surround the disease and reduce as much as possible the rates of infection, and provide all support and support to health institutions and medical staff working.
Mr. Al-Kazimi called on citizens to adhere to the decisions of the Supreme Committee for Health and Safety, and to apply prevention rules to maintain their safety and health security for society.
The electric power situation was discussed, where Mr. Al-Kazemi directed the Ministry of Electricity to mobilize efforts and work around the clock to provide the best equipment for citizens during the summer, and to expedite the treatment of problems affecting the electricity system.
The Cabinet discussed peaceful demonstrations that include several demands, and Mr. Al-Kazemi directed the ministries to listen to their demands and implement what they could, according to the available capabilities and the great challenges facing the country.
During the session, the investment reality in Iraq was also discussed, and work in earnest to improve the investment environment, stimulate investment and facilitate its procedures, in order to develop and advance the Iraqi economy, enabling the country to face the current economic challenges.
The Minister of Health and Environment reviewed the developments of the work of the Committee to Promote Governmental Actions in the areas of prevention, health control and awareness, on limiting the spread of Corona virus, which is formed pursuant to Diwaniyah Order No. (217) for the year 2020.
The Council discussed the issues and topics on the agenda and issued a number of decisions regarding them:
First/
1- Approval of providing the necessary facilities for the completion of hospitals in the governorates of Dhi Qar and Maysan.
2- The Minister of Health and Environment is empowered to take appropriate measures regarding everything related to the Corona virus, and to consider that from federal affairs and within the general policy of the state.
Second / discussion of a project to establish a general hospital for the armed forces in the capital, Baghdad, with a capacity of (400) beds, and it was agreed to complete it.
Third/
1- Adopting the mid-year degree as a final score for passing the general exams for the average third graders for the current academic year 2019-2020, and allowing those who fail to perform the second round exams in all the subjects in which they failed.
2- The students who failed and completed the exams performed an open examination in the subjects prescribed in the ministerial examinations within three weeks through instructions issued by the Ministry of Education on an urgent basis, and the schools put the questions of the open exam from the textbooks.
Media office of the Prime Minister
June 23 -2020
****************
ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kazemi receives the Special Representative of the Secretary-General of the United Nations in Iraq
The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Monday, the Special Representative of the Secretary-General of the United Nations in Iraq, Mrs. Jenin Hennes-Blackshart.
During the meeting, they discussed the work of the UN mission in Iraq, in addition to the efforts made by the government to prepare for the early legislative elections.
Mr. Al-Kazemi assured Mrs. Blackshart of the government's determination to prepare well for the conduct of the elections, and to overcome obstacles and obstacles that were previously exposed to previous electoral processes, and that the upcoming elections be a true and sincere expression of the will of the Iraqi people, and their aspirations to achieve development and political stability, and complete sustainable constitutional construction For the Iraqi state.
The Prime Minister pointed out the importance of international cooperation in the preparation and preparation processes, as they have positive repercussions on the credibility of the electoral process.
Media office of the Prime Minister
June 22 -2020
***************
ARTICLE 1-C (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa al-Kazemi condoles the family of the deceased Ahmed Radi
The Prime Minister, Mr. Mustafa Al-Kazemi, extended his condolences, by phone, to the family of the late deceased Ahmed Radi.
He expressed his condolences to the family of the deceased, expressing his pain and regret for this loss suffered by all the families of Iraq, as it afflicted the family of the deceased.
Mr. Al-Kazemi asserted that the status of the late star in the hearts of Iraqis is the fruit of his generous giving, and his dedication during his honorable sporting life, and through his long career of ablution in order to raise the name of Iraq high, and that the love and feelings of the Iraqis will be a white page that every member of the deceased family can be proud of, and that All the Iraqis who left us as a result of the Corona pandemic have broken our hearts, but our resolve will not be reversed in order to face this challenge with more work.
He called on his sovereignty for safety and health of the family of the deceased, and to glorify all the victims of the disease by his mercy, and to bless those with a speedy recovery, and to insist his servants working with sincerity and delusion in the prevention, treatment, provision of medical service and health care for the injured.
Media office of the Prime Minister
June 22 -2020
***************
ARTICLE 2-A (from Government of Iraq twitter account)
6-23-2020 around 5:45 am Eastern
PM @MAKadhimi receives the SRSG for Iraq @JeanineHennis, discusses the work of @UNIraq and reiterates the @IraqiGovt’s determination to make effective preparations for early elections to ensure that their results reflect the true will of the Iraqi people and their aspirations.
***************
ARTICLE 2-B (from Government of Iraq twitter account)
PM Spokesperson: There have been recently a number of protests in relation to grievances to do with some ministries including that of Defence and Education. PM @MAKadhimi directed officials to engage in a dialogue with the protesters in order to reach realistic solutions.
PM Spokesperson: There are 18,000 suspected cases of public sector employees receiving double salaries at the Ministry of Education alone. A committee has investigated and confirmed 5,000 cases thus far.
PM Spokesperson: The @IraqiGovt will implement reform measures. Some measures will be introduced using the executive authority of the Prime Minister and that of the Council of Ministers, while others will require new parliamentary legislation.
PM Spokesperson: The Cabinet approved a measure to allow students at stage 3 of intermediate education to progress to stage 1 of secondary education based on their half-term exam score for the academic year 2019-2020.
PM Spokesperson: Iraq will shortly receive ventilators and other medical supplies from the United Arab Emirates. PM
@MAKadhimi directed that the supplies be distributed on a fair and equitable basis across Iraqi provinces.
PM Spokesperson: PM @MAKadhimi directed the relevant authorities to expedite the completion of four hospitals in Dhi Qar, Maysan, Karbala and Babylon provincess.
PM Spokesperson: The Cabinet discussed #Covid19, and authorised the Minister of Health to take the necessary measures to combat the pandemic.
PM @MAKadhimi’s Spokesperson @AhmadMullaTalal holds a press conference in Baghdad to brief the media on today’s Cabinet decisions and other @IraqiGovt policies.
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ARTICLE 3
After wounding 20 deputies .. Will the parliament sessions be held via the television?
6/23/2020 17:49
[Baghdad_ Wayne]
Member of the Al-Fateh Alliance Fadel Al-Fatlawi confirmed on Tuesday that the parliament will continue after its sessions and will not prevent it after registering infections among its members with the Corona virus.
Al-Fatlawi said, "The parliament will hold its session during the next two days to pass the borrowing law and discuss Turkish attacks," noting that "recording 20 injuries among members of the parliament is normal and the presidency of parliament should not be affected by it."
He added that "the House of Representatives will hold its session inside the parliament dome while maintaining social divergence and adherence to health and preventive guidelines," noting that "the Presidency of Parliament has not yet decided to hold the session through the television circle."
The Parliamentary Finance Committee stressed the need to vote on internal borrowing in a session tomorrow, Wednesday, pointing out that borrowing would solve many financial problems and crises, especially those related to employee salaries.
He added that "the House of Representatives will hold its session inside the parliament dome while maintaining social divergence and adherence to health and preventive guidelines," noting that "the Presidency of Parliament has not yet decided to hold the session through the television circle."
The Parliamentary Finance Committee stressed the need to vote on internal borrowing in a session tomorrow, Wednesday, pointing out that borrowing would solve many financial problems and crises, especially those related to employee salaries.
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ARTICLE 4
Violent aerial targeting of the most dangerous hideouts of ISIS, northeast of Diyala
6/23/2020 22:46
Where's the news Diyala
On Tuesday, the leader of the clan crowd, Musa al-Jubouri, confirmed that violent air strikes targeted the most important and dangerous ISIS hideout in northeast Diyala.
Al-Jubouri said in a press interview, “The Iraqi air force violently bombed the nests of ISIS in the depths of Sheikh Baba near the Jalawla district (70 km northeast of Baquba).”
Al-Jubouri added, “3 violent strikes occurred in the depths of visiting the Sheikh of Baba, which is one of the most important and most dangerous dens of ISIS in the sector of northeastern Diyala. .
The visit of Sheikh Baba is one of the most dangerous places in Diyala, because there are many ISIS cells that were behind a series of terrorist attacks targeting villages and security points in recent months.
On Tuesday, the leader of the clan crowd, Musa al-Jubouri, confirmed that violent air strikes targeted the most important and dangerous ISIS hideout in northeast Diyala.
Al-Jubouri said in a press interview, “The Iraqi air force violently bombed the nests of ISIS in the depths of Sheikh Baba near the Jalawla district (70 km northeast of Baquba).”
Al-Jubouri added, “3 violent strikes occurred in the depths of visiting the Sheikh of Baba, which is one of the most important and most dangerous dens of ISIS in the sector of northeastern Diyala. .
The visit of Sheikh Baba is one of the most dangerous places in Diyala, because there are many ISIS cells that were behind a series of terrorist attacks targeting villages and security points in recent months.
*************
ARTICLE 5
Allawi: The economic crisis we face is worse than 2006
6/23/203 14:01
[Baghdad_ Wayne]
Finance Minister Ali Allawi, on Tuesday, warned that the Iraqi economy may face "shocks that we will not be able to deal with" unless reform measures are adopted in less than a year.
Allawi said in an interview with Agence France-Presse, if we do not adjust matters during this year, we may face shocks that we will not be able to deal with.
Allawi, who was also finance minister during the transitional government’s period between 2005 and 2006, indicated that the situation today is “worse” because Baghdad faces an “existential economic situation”.
At that point, the price of a barrel of oil was approximately $ 35, but the number of state employees was less than a million.
Today there are more than four million employees, and many other Iraqis who are paid salaries and pensions. This means a monthly sum of between four and five billion dollars.
With one out of every five Iraqis receiving government aid, the bill becomes heavier for the country that depends on paying all its expenditures on oil whose prices collapsed months ago with a severe shortage of demand for it.
According to Allawi, the government must pay the salaries of June and July, on time, by borrowing from government banks.
Allawi warned that these measures are possible for a short period, otherwise "it will affect the price structure, and consequently on inflation, which will in turn affect the exchange rate and the reserve in the central bank."
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