Saturday Iraqi News Articles
Al-Kazemi receives ambassadors of the countries of the Economic Contact Group in support of Iraq
The Prime Minister, Mustafa Al-Kazemi, received today, Saturday, the ambassadors of the countries of the Economic Contact Group in support of Iraq.
During the meeting, he reviewed the latest developments related to government steps in the field of economic reform, the completion of the white reform paper, and the inclusion of related concepts in the general federal budget law that is now before the House of Representatives.
The Prime Minister stressed the importance of government measures to address the chronic problems plaguing the Iraqi economy, and their link to corruption and mismanagement.
He said: The reform paper carries a future vision towards building an advanced Iraqi economy that stimulates local production in the industrial, agricultural and other sectors, provides job opportunities, and optimizes Iraq’s human and material energies.
He also indicated that the government is taking steps to combat corruption despite the great pressures that hinder this file as a result of harming the interests of those who have been living illegally on state resources for many years.
He stressed the need to activate the outputs of the international conferences held in this regard, in order to turn into concrete steps that would benefit the Iraqi economy, and provide a decent life for the citizen.
The ambassadors of the Economic Contact Group, chaired by Germany and the European Union, in addition to the World Bank, praised the importance of the steps taken by the government to implement reform, and expressed their willingness to work according to the priorities set by Iraq to support the reform process and efforts to combat corruption.
The Iraqi Prime Minister reviews the steps for economic reform and the preparation of the white paper
Mustafa Al-Kazemi, Prime Minister of Iraq, reviewed the latest developments related to government steps in the field of economic reform, the completion of the white reform paper, and the inclusion of related concepts in the general federal budget law.
This came during his meeting, today, Saturday, with ambassadors of the countries of the Economic Contact Group in support of Iraq, according to a statement from the Media Office of the Prime Minister.
Al-Kazemi stressed the importance of government measures to address the chronic problems plaguing the Iraqi economy, and their link to corruption and mismanagement.
The Prime Minister said: The reform paper carries a future vision towards building an advanced Iraqi economy that stimulates local production in the industrial, agricultural and other sectors, provides job opportunities, and optimizes Iraq's human and material energies.
Al-Kazemi also indicated that the government is proceeding with steps to combat corruption despite the great pressures that hinder this file as a result of harming the interests of those who have been living illegally on state resources for many years.
The Prime Minister stressed the need to activate the outputs of international conferences held in this regard, in order to turn into concrete steps in the interest of the Iraqi economy, and to provide a decent life for the citizen.
The ambassadors of the countries of the Economic Contact Group, headed by Germany and the European Union, in addition to the World Bank, praised the importance of the steps taken by the government to implement reform, and expressed their willingness to work according to the priorities set by Iraq to support the reform process and anti-corruption efforts.
Parliamentary economy favors the vote on the budget this week
The Parliamentary Economic and Investment Committee suggested that the vote on the budget law will take place in the middle of this week.
Committee member Mayada al-Najjar said, "The atmosphere so far is positive for voting on the draft general budget law," according to the official news agency, INA.
It was agreed on the content of the draft budget bill, leaving nothing but "the share of the Kurdistan Region and some tables," according to Al-Najjar, and it is likely that "the two days of the law’s presentation for voting and passing it this week will be on Monday or Tuesday."
In the context, Deputy Mansour Al-Baiji called on the Presidency of the House of Representatives to set a date for a session to vote on the current year’s budget law and not to delay its approval any longer, considering that the share of the Kurdistan region is "the eternal problem of the budget law, and it must be submitted to a vote on it by the political majority."
Al-Baiji said in a statement seen by "Al-Eqtisad News", that "the amendments made to the budget law by the Finance Committee are significant, and they have changed a lot in the content of the budget and are ready for voting, according to the statement of the Finance Committee, except for the paragraph of Kurdistan Region’s share, which is the only problem with the budget.
Parliamentary Finance favors the vote on the budget on Tuesday after deducting the region’s share within 48 hours
On Saturday, the Parliamentary Finance Committee suggested passing the budget next Tuesday after resolving the dispute over the region’s share within the next 48 hours and fixing it in the budget.
A member of the Parliamentary Finance Committee, Ahmed Hama, said to / the information / that "all the articles and paragraphs of the budget have been decided, except for the region’s share, which the Shiite blocs objected to and has not yet been decided."
He added that "the dialogues are continuing within parliament and it is hoped to reach a final agreement within the next 48 hours," noting that "if it is resolved, it is likely that the budget will be passed next Tuesday."
Hama explained that "the government did not record any observations on the region’s share and the objection within the Shiite blocs.
Al-Halbousi: The political process is ahead of important and crucial days
The Speaker of Parliament, Muhammad al-Halbousi, confirmed, on Saturday, that the process is in front of crucial and important days with the approaching elections, while he warned that the citizen's livelihood has become threatened .
In a speech delivered during the official memorial ceremony commemorating the martyrdom of Mr. Muhammad Baqir Al-Hakim, Al-Halbousi said, "The time has come to support the benevolent national forces to extricate Iraq from its ordeal and achieve the reform project by ridding itself of the remnants of terrorism and corruption whales ."
Al-Halbousi stressed the need to "present the honest strongman to occupy his position to achieve the desired reform," noting that "there are many ambitions that have not been realized ."
Al-Halbousi pointed out that "the current days are an important interval in the history of the political process with the approaching elections," warning at the same time that "the economic situation has become a threat to the citizen's livelihood."
Legal settles the debate over the possibility of filing a lawsuit against the Central Bank to restore the exchange rate
The head of the Jurists Union in Diyala, Hussein Al-Taie, resolved, on Saturday, the controversy over the possibility of filing a lawsuit against the Central Bank to restore the dollar’s exchange rate to what it was.
Al-Taie said in a statement to "the information", that “determining the value of the exchange rate for the dollar against the dinar is one of the exclusive powers of the Central Bank of Iraq, as it is responsible for the monetary policy in the country and the law according to its various contents allows it to regulate and determine the exchange rate for economic requirements, whether its decision is correct or wrong, as it is He is the one who bears responsibility and is entitled to be questioned by Parliament, as it is the highest legislative body in the country and has the right to monitor all state institutions, including the financial ones.
Al-Taie added, "It is not possible to file a lawsuit against the Central Bank to return the exchange rate of the dollar to what it was, because determining the price is an exclusive right of the bank, such as the exercise of a ministry or a specialized sector body concerned with its powers, that is, the matter is related to the exclusive powers and it is the right of the central bank."
He pointed out that “the Iraqi judiciary intervenes through the existence of a case, and the latter must have a legal basis if it does not exist and is missing basically how will the judge rule,” noting that “even if it is lifted, the response of the Central Bank or its representative will have exercised its exclusive powers according to the law. He did not violate its provisions.
The central bank had suddenly raised the exchange rate of the US dollar against the Iraqi dinar, without prior warning about a month ago from now, which led to confusion in the markets.
A debate related to a legal solution that “forces” the Central Bank to re-price the dollar after “Parliament's silence” .. Will it work?
Citizens and shopkeepers in the Iraqi market began to get fed up with the issue of raising the exchange rate of the dollar and reducing the value of the Iraqi dinar opposite it, after its effects began to appear clearly, on the decline of purchasing activity and the complaints of shop owners about the decline in their income and the weakness of the purchasing movement by citizens.
The move to reduce the dinar and raise the dollar raised the prices of various materials, even those manufactured locally, which led to the reluctance of citizens to buy and make their purchases only for necessities.
Hence, the question arises about the possibility or ways to re-price the dollar, whether by political or legal means.
Either by political means or through the House of Representatives, the Parliamentary Finance, Economy and Investment Committee closed this section permanently, as a member of the Parliamentary Economic and Investment Committee, Salem Tahmir al-Tufayli, confirmed the fixation of the dollar exchange rate against the Iraqi dinar in the 2021 budget as sent by the government.
Tufayli said in a press statement, "The budget sent by the government is based on the exchange rate of 1450, and it has remained the same and has not undergone any change in the recent amendments."
He added, "The government wanted to put the House of Representatives in front of a fait accompli, which is fixing the price of the Iraqi dinar at a value of 1450 against the dollar, a decision that does not carry any economic justification." In the local market. ”
What about legal methods?
After closing the door on political or parliamentary interference to return or reduce the new dollar price, questions arise about the possibility of obtaining a new rescue outlet, represented by legal methods by filing a lawsuit against the Central Bank to re-quote.
The head of the Jurists Union in Diyala, Hussein Al-Taie, revealed the possibility of filing a lawsuit against the Central Bank to restore the exchange rate of the dollar to what it was, as Al-Taie said in a press statement followed by "Yass Iraq", that "determining the value of the exchange rate for the dollar against the dinar is one of the exclusive powers The Central Bank of Iraq, being responsible for the monetary policy in the country and the law according to its various contents, allows it to regulate and determine the exchange rate for economic requirements, whether its decision is correct or wrong, as it is the one who bears responsibility and is entitled to be questioned by Parliament as it is the highest legislative body in the country and has the right to control all institutions The state, including the financial one.
Al-Taie added, "It is not possible to file a lawsuit against the Central Bank to return the exchange rate of the dollar to what it was, because determining the price is an exclusive right of the bank, such as the exercise of a ministry or a specialized sectoral body concerned with its powers, meaning that the matter is related to the exclusive powers and it is the right of the central bank."
He pointed out that “the Iraqi judiciary intervenes through the existence of a case, and the latter must have a legal basis if it does not exist and is missing basically how will the judge rule,” noting that “even if it is lifted, the response of the Central Bank or its representative will have exercised its exclusive powers according to the law. He did not violate its provisions.
No comments:
Post a Comment