WOTS THU FEB 25 21
These are the articles I discussed on the MyFX Buddies podcast
at:
The dollar to 130 thousand in the 2021 budget: the recent rise in oil prices necessitates a return to rapidly lowering the exchange rate!
link read that rate at 1300 to 1
They are talking about the Diamond Hands movement with Reddit Revolution!
The statements about serious efforts to restore the dollar’s exchange rate to its previous position are going on around 120,000 dinars for one $ 100 bill in Iraq, accompanied by the “I want a diamond” campaign that swept the social networking site Twitter today to record the top of the site's Trend.
Today, Wednesday, a member of the Parliamentary Economic Committee, MP Mazen Al-Faily, announced that there is a trend within the House of Representatives to restore the dollar exchange rate to reduce the exchange rate of 1,300 dinars against the dollar in the 2021 budget.
"Signatures were collected by 113 deputies to reduce the dollar exchange rate to 130,000 dinars in the budget," Al-Faily said in a televised statement, monitored by "Yass Iraq."
He added, "The reason for the increase in the exchange rate of the dollar was the decrease in the price of a barrel of oil. Now, the global price of a barrel of oil has risen and is supplying the treasury, and we can raise the price of a barrel of oil in the budget to 50 dollars or more, and thus we dispense with the decision to raise the exchange rate."
The Minister of Finance, Ali Abdul Amir Allawi, chaired, on Wednesday 2/24/2021, an expanded meeting to discuss the goals achieved by changing the currency exchange rate, according to a ministry statement.
The statement said that during the meeting, a review and discussion of the positive effects of changing the exchange rate of the dinar against the dollar and the effect of that step on rebalancing the Iraqi economic reality burdened with challenges and obstacles and protecting it from the risk of collapse, according to the text of the statement.
Allawi stressed that the Ministry of Finance has taken several measures in support of the effects of changing the exchange and is continuing to work on translating them effectively to protect the poor classes, in conjunction with the approaching vote of the House of Representatives on the draft general budget bill.
It is noteworthy that the social and economic repercussions are increasing since the dollar’s exchange rate rose against the dinar, after it was rapidly reflected in the prices of goods and services in the country, with continuing fears of uncontrolled price increases in the Iraqi market, while a parliamentary proposal has emerged calling for investment in the encouraging global development with higher prices. Oil to adjust the current exchange rate.
Pictures .. Demonstrations in front of the Central Bank to demand the return of the dollar exchange rate to 1200 dinars
no text
just pictures
After discussion of the draft federal oil and gas law ... a government call to expedite its approval
link
The Minister of Oil stressed the importance of expediting the passage of the federal oil and gas law and its importance in regulating the management of oil and gas wealth in Iraq.
Ihsan Abdul-Jabbar Ismail said that the meeting of the Opinion Committee at the Ministry of Oil, which was held on Wednesday, included discussion and review of the final version of the Federal Oil and Gas Law, stressing that this copy should be referred to the Council of Ministers for approval.
He added that after the completion of its review by the concerned authorities in the ministry, the Council of Ministers will review this copy, and in turn refer it to the House of Representatives in order to legislate this law.
He stressed the ministry's keenness to approve a law that contributes to the development of the oil and gas industry, and the optimal investment of the national wealth in Iraq in order to support the national economy.
link
A number of Iraqis demanded that their country's currency be returned to its normal state and raised its value against the US dollar, which made the hashtag # I want_Denary among the most frequently discussed topics on Twitter in Iraq.
The Central Bank of Iraq announced a reduction in the exchange rate of the Iraqi dinar against the US dollar, last December , in the first such measure in half a decade, and coincided with a stifling financial crisis plaguing the country as a result of the collapse of oil prices.
A statement by the Central Bank of Iraq stated that the new price of the dinar against the US dollar was set at 1450 dinars instead of the previous price of 1190 Iraqi dinars per US dollar.
And the Ministry of Finance promised, at the time, that "the decision to amend the exchange rate will be a one-time only and will not be repeated in the future."
the tweet for this picture says #اريد_ديناري
We demand an increase in the value of the Iraqi dinar against the dollar and there is no justification for the government after the price of a barrel of oil rose to more than $65
"Today is our campaign to restore the Iraqi dinar to its value before the corrupt people stole it from the leaders of corruption in Iraq," said one of the tweeters.
Today we campaigned to return the Iraqi dinar to its value before the corrupt people stole it from the leaders of corruption in Iraq, so participate in the campaign #اريد_ديناري if you want your dinar
One of them denounced the parliamentary blocs' promises that "they will not pass the dollar exchange rate at its current price only after returning it to its previous price," and said that nothing of that actually happened.
another tweet no picture
"The political forces competing over thefts in Iraq will lead the country to ruin, and will reduce the people's options to satisfy a bad dictator or external intervention unless a sincere and disciplined national project rises," another tweeted.
According to one of the campaign participants, "changing the exchange rate of the dollar is part of a systematic starvation and kneeling plan."
no image
One of them cited the recent rise in Iraqi oil prices, reinforcing his demand for the return of the dinar to its previous state. This guy tweeted a graph of the price of oil
According to this tweet, "There is no economic justification in the monetary market that necessitates the depreciation of the dinar, but rather it is a conspiracy by politicians to take advantage of the exchange difference at the expense of the local market and harm the economy."
Another demanded the dismissal of the central bank governor, saying, "Sack the governor of central bank plunder."
After the issuance of the decision last year, the Iraqi government reassured its citizens about the decision to reduce the value of the official currency, stressing that it would not affect the classes that depend on local goods, but experts and observers criticized the move and believed that it would increase the already high poverty rates in a country experiencing the worst economic crisis in decades. .
The Iraqi Ministry of Finance attributed the decision to the government's attempts to address the stifling crisis that Iraq is witnessing as a result of low oil prices, to ensure protection of the economy and to achieve the reforms that it promised several months ago.
The decision sparked a wave of anger in the Iraqi street, but Prime Minister Mustafa Al-Kazemi defended his government's move and said that he had two options, "either the collapse of the system and the entry into complete chaos, or we enter into a Caesarean section for reform."
Since the collapse of oil prices earlier this year, Iraq has faced an unprecedented liquidity crisis. The oil-exporting country was forced to borrow from the bank’s reserves in dollars to pay off nearly $ 5 billion a month, representing public sector salaries and pensions.
Dollar to Dinar in Iraq:
The dollar fell on the main stock exchange for the fourth day in a row in Baghdad and Kurdistan provinces on Thursday (February 25, 2020).
Al-Za'ad and Al-Harthiya Central Stock Exchange in Baghdad today registered 145,350 Iraqi dinars for $100, according to a reporter for Shafq News.
The Central Struggle Stock Exchange opened at 145,500 Iraqi dinars on Wednesday morning.
Our correspondent pointed out that the prices of buying and selling also decreased in the banking shops in the local markets in Baghdad where the selling price reached 145,750 Iraqi dinars, while the purchase price was 144,750 dinars per 100 U.S. dollars.
In Erbil, the capital of Kurdistan province, the dollar fell slightly to 145,500 dinars per 100 dollars, while purchase prices increased by 145,000 dinars per 100 U.S. dollars.
The Markets:
The Asian markets closed up NIK up by 1.67% HSI up by 1.20% SHANG up by .59%
The UK markets are currently trading mixed 2 in the red from .06% to .24% in the green from .06% to .44%
Our futures are currently trading mixed the DOW at 31960 up by .14% SNP at 3918 down by .11% NDQ at 13226 down by .57%
Precious Metals:
Gold is red at 1792 Silver is green at 28.17 Copper is green at 433 Platinum is red at 1263
Brent 67 WTI 63 at 3:23 am Cali time
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|
| USD/IQD |  1460.0000 | 1465.0000 | 1457.1000 | 1450.0000 | 1455.8000 |  -0.4000 | 11:49 |
| USD/VND | 23025.0000 | 23035.0000 | 23019.6400 | 23017.8900 | 23019.6400 | 20.0500 | 22:05 |
| USD/CNY |  6.4474 | 6.4494 | 6.4564 | 6.4456 | 6.4561 | -0.0103 | 05:20 |
| USD/KWD | 0.3019 | 0.3029 | 0.3023 | 0.3020 | 0.3023 | -0.0002 | 05:20 |
| GBP/USD | 1.4165 | 1.4166 | 1.4175 | 1.4121 | 1.4138 | 0.0027 | 05:21 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | -914.4000 | 07:13 |
| USD/IDR | 14120.0000 | 14124.0000 | 14120.0000 | 14049.0000 | 14073.0000 | 48.0000 | 05:20 |
Things in the News:
Iraqi Articles:
Oil prices rise and Brent above $66
link
Oil prices rose Thursday to their highest levels in more than 13 months, supported by monetary easing policies and lower U.S. crude production.
Brent crude futures rose 10 cents, or 0.10 percent, to $66.28 a barrel by 0520 GMT, while West Texas Intermediate for April delivery was $63.28 a barrel, up 6 cents, 0.09 percent.
Both contracts hit their highest level since January 2020 earlier in the session, with Brent at $67.44 and WTI at $63.67.
The US Federal Reserve's assertion that interest rates will remain low for a while has boosted investor appetite for risk and global financial markets.
A rare winter storm in Texas caused U.S. crude production to drop by more than 10% or 1 million barrels per day last week, the Energy Information Administration said.
The Organization of Petroleum Exporting Countries (OPEC) and its allies, including Russia, the group known as OPEC+, are scheduled to meet on March 4.
OPEC sources said that the group will discuss a slight easing of oil supply restrictions from April due to the recovery in prices, although some are suggesting stability at the moment given the risk of new setbacks in the fight against the epidemic.
Additional voluntary cuts by Saudi Arabia in February and March led to a shortage of global supplies and price support.
After discussion of the draft federal oil and gas law ... a government call to expedite its approval
link
The Minister of Oil stressed the importance of expediting the passage of the federal oil and gas law and its importance in regulating the management of oil and gas wealth in Iraq.
Ihsan Abdul-Jabbar Ismail said that the meeting of the Opinion Committee at the Ministry of Oil, which was held on Wednesday, included discussion and review of the final version of the Federal Oil and Gas Law, stressing that this copy should be referred to the Council of Ministers for approval.
He added that after the completion of its review by the concerned authorities in the ministry, the Council of Ministers will review this copy, and in turn refer it to the House of Representatives in order to legislate this law.
He stressed the ministry's keenness to approve a law that contributes to the development of the oil and gas industry, and the optimal investment of the national wealth in Iraq in order to support the national economy.
The Iraq Stock Exchange holds 5 training programs in cooperation with its Egyptian counterpart
link
The Iraq Stock Exchange announced, on Thursday, that it has organized 5 joint training programs with the Egyptian Stock Exchange through the Zoom application during the month of February.
In a statement received by Al-Iqtisad News, the market said that the Iraq Stock Exchange (the stock exchange) organized "in cooperation with the Egyptian Stock Exchange (5) training programs for employees of the two exchanges through the Zoom application during February 2021."
The statement added that the training programs dealt with “rules and procedures for listing and delisting securities,” “disclosure and corporate governance,” in addition to “custodians”.
The training program also dealt with, according to the statement, "information technology" as well as "Egyptian stock market indicators."
The statement pointed out that "it is hoped that cooperation efforts will continue and the establishment of workshops through the application of Zoom between the two stock exchanges, since they are members of the Federation of Arab Exchanges ( AFE) in a way that serves the development of employees' performance and raising operational experiences
Rasheed Bank clarifies about salary domestication
link
Today, Thursday, the government-owned Rasheed Bank issued a clarification on the bank's salary settlement mechanism.
The bank’s media said that the Euphrates News Agency received a copy of it.
He indicated that "the bank has special committees whose mission is to reach all departments, including security institutions with all their formations, to complete the resettlement process and deliver cards to them."
The bank confirmed, "This procedure is to provide the best services and reach all those who wish to deal with the Rasheed Bank."
CBI Update: Just a note:
They have been having auctions and the ISX has been trading regularly; the sites just don't update in time to put the information in this report, unless it is
here.
Click on the link above for the latest update.
The CBI for rate is 1460
The currency auction For February 25, 2021 total sales amount $ 155,984,000.
ISX Update:
www.isx-iq.net/
Shares Traded: not updated for today
Value Traded: not updated for today
2-25-2021 Intel Guru MarkZ [via PDK] Out of Iraq we are still getting a lot of chatter about Thursday or Friday for the new budget to be finished now that they have completed the Kurdistan issues. So we are here at the edges of our seats… Does this mean its tomorrow??? Nobody knows the exact time…if its tomorrow or weeks from now…but we are close. All we can do is be prepared.
2-24-2021 Newshound/Intel Guru Mnt Goat Article: "KHAS...AL-RAFIDAIN BANK (LARGEST IRAQI BANK) LEAVES ARTICLE SEVENTH" many gurus are confused over this article. We are really taking about Chapter 7 not article 7. Currently the CBI is operating under article 14 and needs to move to and thus operate under article 8 of the IMF charter. Article 8 in “normalcy” for monetary policy. This is where most countries now reside in dealing with the IMF in monetary policy. Many suggest that Iraq is already in article 8 and that may be the case too but we have no definite evidence of this as they have not yet told us. Let’s just wait and see what happens once they get the 2021-2022 budget passed.
2-24-2021 Intel Guru Frank26 ...it is logical that the US Treasury would have a legit 800 number where they could counsel and advise you on your investment once the value goes up as to where to go to exchange your currency. Isn't that cool! Here's the other thing that's cool...it's motivating for a time like this when we see so many things coming together. If there is an 800 number it would only be with the United States Treasury to tell you which banks to go to...there isn't going to only be one bank. There's going to be hundreds and hundreds across the whole United States of America. There will also be Iraqi banks...there will be hundreds across the world markets... [Post 2 of 2]
[NOTE: If and when the U.S. Treasury releases a legitimate 800# we'll share it with you and the dinar guru community as soon as we confirm it's safe from shenanigans...be sure you're on the DinarGuru Alert list. It's free in the blue box above.]
2-24-2021 Intel Guru Frank26 ...the United States Treasury met with a limited amount of people to disseminate some information on how and where to exchange your Iraqi dinars...It's not known how it's going to roll out but the information will come to the dinar community as needed because right now it's going to the citizens of Iraq...for us citizens of the United States of America it's possible an 800# is coming...this so-called 800 number is not for one bank. That's so stupid. The 800 number, as of 1st hand information, is not as it's being exaggerated... [Post 1 of 2]
[NOTE: If and when the U.S. Treasury releases a legitimate 800# we'll share it with you and the dinar guru community as soon as we confirm it's safe from shenanigans...be sure you're on the DinarGuru Alert list. It's free in the blue box above.]
2-24-2021 Newshound Guru MilitiaMan I don't believe they'll go out and float it [the dinar] this early on [after rate change]. If they stick to having it fixed going into the future it will help contain the inflation...
2-24-2021 Newshound Guru Jeff They [Iraq] are gonna have two sets of notes in circulation. They're gonna have large notes and small notes...two sets of notes will coexist together utilizing the same exchange rate...this is just an example. Let's say the rate is $3 - if the rate is three a 25 note is $75 after the rate change...a 25000 dinar note times $3 is worth $75000. Both the 3 zero notes and the smaller notes below 100 will have the same exact rate. They're not going to have different rates...you're in a great spot...
2-24-2021 Newshound Guru Pimpy Article: "The Iraqi government expects a rise in foreign reserves of $4 billion by the end of February" this is a good thing...quote "according to the immediate office of the Prime Minister that the foreign exchange reserves of Iraq began to rise after it was threatened with collapse and is expected to increase by nearly 4 billion dollars by the end of the month..."
2-24-2021 Newshound Guru Breitling [Question: What comes first - Does Iraq need to build their economy in order to increase the rate or does Iraq need to increase the rate first?] Iraq needs to increase the rate first to build an economy.
2-24-2021 Newshound/Intel Guru Walkingstick and Frank26 ...Iraqi bank teams (exchange departments of banks) are about to meet with those who are going to talk to them about the exchange rate changing. That's pretty powerful. This week that's when we think this is going to occur. The CBI will inform these banks a lot more on the date they gave them on which to raise the value of the currency. And more communication on how these CBI banks will deal with the citizens of Iraq - the new small category notes. The ATM machines. Opening new accounts. The new exchange rate, explaining it. All that stuff.
2-24-2021 Newshound/Intel Guru Mnt Goat Article: "OIL DEMAND EXPECTED TO PEAK AND $150 PER BARREL PRICE EXPECTED" ...the price of oil does affect the budget and the rate at which the dinar will revalue at. Remember that there is going to be an in-country RV first as they proceed with the project to delete the zeros simultaneously and then later (much sooner than later) there is going to be a reinstatement of the dinar. So, there are two different rates to consider. We are outside Iraq and so the rate we consider is only at what rate the banks in our country will offer to exchange our dinar at. This bank rate will most likely be 2 or 3 times the rate offered in Iraq.
2-24-2021 Newshound Guru Jeff Iraq is walking in Kuwait's footsteps. Kuwait reinstated their currency on March 21, 1991 on Sunday...Iraq is transitioning to the same original fiscal year exactly where they were before the 1990 sanctions. They're going back to their original fiscal period. I already spoke with the Iraqi government so I have confirmed this. I know for a fact Iraq is transitioning. That's why they told you they'll be presenting the budget in just a few months...we are in the best position. History is repeating itself between Iraq and Kuwait...we are very very close to this...
2-24-2021 Intel Guru MarkZ [via PDK] [Which banks will have the best conversion rates?] As it has been explained to me…they are all going to have the same conversion rate. I am told it is a fixed, set price.
Catnip's Corner:
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ARTICLE 1-A (from PM Kadhimi's website; posted only on Arabic side, not on English side)
The Council of Ministers holds a regular session headed by the Prime Minister, Mr. Mustafa Al-Kazemi
Today, Tuesday, the Council of Ministers held a regular session headed by Prime Minister Mustafa Al-Kazemi, during which the latest developments in the country were discussed, in addition to discussing the topics included in its agenda.
At the beginning of the session, the Prime Minister praised the efforts of the state institutions and agencies that contributed to the application of the curfew, and thanked all citizens who adhered to the measures of the health ban, and his Excellency confirmed that the escalation of commitment to preventive measures will enable us to reduce the effects of the new and more dangerous strain of the epidemic.
Regarding the security situation in the country, Mr. Al-Kazemi stressed the continuation of pre-emptive operations against terrorism, to eliminate the remnants of its remnants and dry up its sources, praising the efforts of the heroic security forces of all kinds, which are engaged day and night in pursuing terrorist cells.
His Excellency stressed that Iraq will not be an arena for settling scores, and that the absurd missiles are an attempt to embarrass the government and impede its progress, stressing that the security services will be able to reach the perpetrators and they will be brought before public opinion.
Mr. Al-Kazemi stated that weak souls had been awaiting the collapse of the economic situation since October and last two months, but the governmental measures enabled Iraq to pass this difficult stage in a wise manner.
His Excellency affirmed that the foreign exchange reserves of Iraq, after it was threatened with collapse, started to escalate, and it is expected that it will increase by nearly four billion dollars by the end of this month, since the start of the reform measures and changing the exchange rate, and corruption operations have been significantly reduced in the Central Bank auction. , And indicated that the government is working with deliberate plans to revitalize the Iraqi economy, support the private sector and provide more job opportunities.
The Minister of Health and Environment presented a report on the developments of the work of the Committee for the Promotion of Governmental Measures in the areas of prevention and control of health and awareness regarding limiting the spread of the Coronavirus, and he also reviewed the efforts of the Ministry of Health in facing the pandemic and continues awareness campaigns targeting citizens and urges them to adhere to preventive measures.
After the Council of Ministers discussed what was included in its agenda, it issued the following decisions:
First / Approval of the draft law on judicial protection for companies manufacturing Covid-19 vaccine and referring it to the House of Representatives based on the provisions of Articles (61 / First Item) and (80 / Clause Second) of the Constitution.
Second / Approval of the Ministry of Health providing the vaccine from the Chinese company Sinopharm.
Third / Approval of increasing the capital of the General Company for North Electricity Distribution, one of the Ministry of Electricity formations, by an amount of (974109524557) dinars, only nine hundred and seventy-four billion one hundred and nine million five hundred and twenty four thousand five hundred and fifty-seven dinars, which represents the amount of the company’s capital increase approved by the Bureau of Supervision Federal Finance, based on Article (10 / First / 1) of the Public Companies Law (22 of 1997) as amended.
Fourth / Approval of the following:
- Issuing instructions to facilitate the implementation of the provisions of the Law to perpetuate the sacrifices of the martyrs of the war against ISIS terrorist gangs, to expedite the completion of their transactions, and to take care of the wounded, based on the provisions of Article (9) of the Law of Immortalizing the Martyrs of the War Against ISIS Terrorist Gangs, and to speed up the completion of their transactions and take care of the wounded No. 81 of 2017 ).
- The issuance of the rules of procedure for the committee overseeing the implementation of the provisions of the Law to perpetuate the sacrifices of the martyrs of the war against ISIS terrorist gangs, accelerate the completion of their transactions and take care of the wounded No. (81 of 2017), based on the provisions of Articles (6 and 9) of the Law of Commemorating the Martyrs of War Against ISIS terrorist gangs Accelerating the completion of their transactions and taking careful care of the wounded No. 81 of 2017.
Taking into consideration the opinion of the legal department in the General Secretariat of the Council of Ministers regarding the aforementioned instructions and rules of procedure.
Fifth: Approving the abolition of Paragraph (1) of Cabinet Resolution (92 of 2020), which includes selling barley for export purposes, and working with the rest of the paragraphs on fodder barley processing in support of livestock breeders.
Sixth: Approval of the Ministerial Council for Energy recommendation No. (27 of 2021) according to the following:
- Agreeing to extend contracts for the transfer of petroleum products to power plants ending on March 1, 2021, until April 30, 2021, to complete the new referral procedures, according to what was stated in the Ministry of Oil's book No. (F / 120) on February 22, 2021.
Seventh / Approval of writing off the amount of the remaining debts amounting to (16124500000) dinars, only sixteen billion one hundred twenty-four million five hundred thousand dinars, distributed to the employees of the Teachers Syndicate within the numbered plot (3 m 4 Northeastern Najaf Island), based on the provisions of Article 46 ) Of Federal Financial Administration Law No. (6 of 2016), and Clause 1 of Cabinet Resolution (28 of 2020).
Media Office of the Prime Minister
February 23 - 2021
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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)
Prime Minister Mustafa Al-Kazemi receives a Jordanian delegation headed by the Jordanian Minister of Public Works and Housing
The Prime Minister, Mr. Mustafa Al-Kazemi, received today, Wednesday, an official Jordanian delegation headed by the Jordanian Minister of Public Works and Housing, Mr. Yahya Al-Kasbi, accompanied by a number of Jordanian officials and representatives of the Jordanian private sector.
The delegation carried the greetings of His Majesty King Abdullah II of the Hashemite Kingdom of Jordan to his sovereignty, and the assurances of the government and people of Jordan on the depth of cooperation and the desire to develop common interests with Iraq.
At the beginning of the meeting, the Prime Minister said that both countries have serious intention and determination to implement bilateral agreements in all areas of cooperation. Especially in the housing, energy, health, education, industry, commerce and banking sectors, as well as modern software.
His Excellency also stressed the importance of the role of the private sector in the two countries, and the importance of cooperation that began in the security and political framework within the trilateral cooperation that also included the Arab Republic of Egypt, to expand and include security and stability in its broadest sense.
Mr. Al-Kazemi conveyed the Jordanian delegation's greetings to His Majesty King Abdullah II and the government of Mr. Bishr Al-Khasawneh, stressing that Iraq looks forward to closer cooperation with Jordan, and the consolidation of security and stability in the region.
For its part, the Jordanian delegation expressed its appreciation for the good reception and the eagerness it felt to develop bilateral relations, stressing the importance of strengthening cooperation between the two countries in various fields, including the interest of the Jordanian and Iraqi peoples.
Media Office of the Prime Minister
February 24-2021
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ARTICLE 2 (from Government of Iraq twitter account)
Cabinet discusses security, Covid-19, honouring the sacrifices of the martyrs of the war against Daesh
The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi.
At the start of the meeting, the Prime Minister praised the efforts of state institutions and agencies to ensure the implementation of curfew regulations, and thanked all citizens for adhering to preventative health measures.
On security, the Prime Minister paid tributes to Iraqi security forces in all their formations for carrying out pre-emptive operations against terrorists to eliminate their remnants.
The Prime Minister reiterated that Iraq will not become an arena for settling scores, and that those who launch rockets inside Iraq attempt to embarrass the government and impede the progress it is making.
He added that the security forces will apprehend those behind the rocket attacks who will be identified before the public and face justice.
On the economy, the Prime Minister said that while some predicted an economic collapse, the measures put in place by the government enabled Iraq to get through this difficult phase.
The Prime Minister confirmed that Iraq’s foreign reserves, which were threatened with collapse, are rising, and it is expected that they will increase by nearly four billion US dollars by the end of February, thanks to government reform measures and the new rate of exchange for the Iraqi dinar against the US dollar.
The Minister of Health then gave a detailed presentation to the Cabinet on the health situation in the country and the measures being implemented to contain the spread of the Coronavirus.
Following discussions, the Cabinet agreed to:
- Approve a draft law on legal protection for companies manufacturing the Covid-19 vaccines and to refer it to the Council of Representatives for parliamentary approval
- Authorise the Ministry of Health to purchase the Coronavirus vaccine from the Chinese company Sinopharm
- Issue instructions to facilitate the implementation of the provisions of the Law to Memorialise the Sacrifices of the Martyrs of the War against Daesh terrorist gangs, to expedite the completion of related transactions by their families at state institutions, and to provide care to those who were wounded
2-24-2021 around 3:45 am Eastern *************
ARTICLE 3
Parliamentary question to the central bank governor
2/24/2021 13:32 •
[Baghdad-Where]
Wednesday's document revealed that MP Jamal Al-Muhammadawi directed a parliamentary question to the governor of the Central Bank regarding the legal basis for granting the Ishtar Gate Company for systems and electronic payment services a license despite the existence of decisions to suspend licenses.
The document issued by the office of Representative Jamal Al-Muhammadawi stated, "The Board of Directors of the Central Bank decided, according to two circulars dated (11/18/2018) and (1/16/2020), to stop promoting the granting of licenses to electronic payment service providers."
The document added, "It was decided to extend the suspension according to the bank’s management decision No. (33) for the year (2021), as per circular number (9/5/53) on (2/11/2021)."
The document indicated that the question is "What is the legal basis under which the company (Ishtar Gate for Systems and Electronic Payment Services) was granted license No. (14) on 11/29/2020 despite the existence of decisions to stop granting licenses?"
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ARTICLE 4
Parliamentary Security announces that the Iraqi aircraft repair file will be installed in the 2021 budget
2/24/2021 19:33
[Baghdad-Where]
Member of the Parliamentary Security and Defense Committee, MP Abdul Khaleq Al-Azzawi, confirmed, on Wednesday, that the file of repairing Iraqi aircraft has been confirmed in the 2021 budget.
Al-Azzawi said, "Iraq has no small numbers of combat aircraft of various types that need maintenance and repair, as they have been sitting in many bases for many months, and this has negative repercussions on the durability and durability of their work."
He added, "The efforts of the Parliamentary Security and Defense Committee have succeeded in fixing the file of financing the repair of Iraqi aircraft in the 2021 budget, as it is considered a security necessity in the first place as it is an important weapon in preventing the dangers of terrorism from cities and supporting field forces in directing strikes on the strongholds of extremist organizations."
He pointed out that "the aircraft reform file has been resolved once and for all, and work will begin after the end of voting on the budget, perhaps next week."
Representatives and security leaders revealed the need for Iraqi aircraft, especially the combat aircraft, to finance their repair and provide spare parts for many of them.
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ARTICLE 5
Al-Rasheed begins distributing MasterCard cards (Al-Nakheel) to defense personnel
02/24/2021 12:46 •
[Baghdad-Where] On
Wednesday, Rasheed Bank began issuing MasterCard (Al-Nakheel) cards to employees of the Ministry of Defense, in Nineveh.
The bank said in a statement. Today, MasterCard (Al-Nakheel) cards have been distributed to the first, fifteenth, sixteenth and twentieth divisions at the Ministry of Defense.
The bank added, "The bank's special teams distributed all MasterCard cards (Al-Nakheel) to all formations of the Sixteenth Infantry Division affiliated to the Nineveh Operations Command."
The bank added that "the special teams will proceed to distribute the remaining cards to the rest of the employees of the above teams, and their wages within the Rasheed Bank, respectively."
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