Wednesday, March 10, 2021

WOTS WED MAR 10 21

WOTS WED MAR 10 21


These are the articles that I discussed on the My FX Buddies podcast:

 

Suspicious" signs of making adjustments to the budget with "the secret"!

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The economic expert, Abd al-Rahman al-Sheikhly, confirmed that the 85% of the amendments made to the budget by Parliament did not affect the life of the citizen, indicating that there are matters that took place in the corridors of the House of Representatives, the Finance Committee and members of Parliament that they are not aware of.

Al-Sheikhly said in a press statement that "Parliament has made amendments to the draft budget law and reached more than 85%, according to what the Finance Committee stated."

He added that "these amendments did not affect matters of concern to the citizen, including social welfare allocations, ration card allocations, and dollar exchange rates," noting that "secret agreements and amendments are taking place in the dark corridors and in the financial committee that even the committee members are not aware of according to deals prepared for that."

He explained that "the most important paragraph in the budget that the parliament overlooked is the ration card allocations," noting that "the budget came with allocations for the ration card twice as it was brought by previous budgets. The council did not ask the government where the allocations of previous years were, and the citizen did not receive any of the card items."

The Financial Committee reveals the fate of passing the budget and the amendment to the dollar price in it

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The Finance Committee in the House of Representatives said, on Wednesday, that the vote on the financial budget for the current year will be delayed, while it indicated that changing the exchange rate of the dollar is not one of the tasks of Parliament.

A member of the Finance Committee, Muhammad Ibrahim, said in press statements, that “changing the exchange rate of the dollar is not the task of the House of Representatives or its financial committee,” indicating that “the decision was taken after dialogue and understanding between the World Bank and the Central Bank of Iraq.”
He stressed, "Most of the paragraphs of the current year budget have been resolved," explaining that "the region's share, the oil agreement, and the provinces’ share of the regions ’development represent the main obstacle to the budget."

He believed, "The vote on the current year’s budget will be delayed, as a result of the failure to reach any agreed text from the government and political blocs, in addition to the disagreements over the articles pending the budget law."

He pointed out, "The Finance Committee proposed a solution to the region's problem in the budget, which includes that Kurdistan hand over to Baghdad all of its oil export imports, after excluding its share of domestic consumption, production, transportation and petrodollars expenditures, and another proposal that includes the delivery of the entire product only."
Parliament Speaker Muhammad al-Halbousi had directed that the budget bill be included on the agenda of next Monday’s session, based on a request signed by 150 deputies


Iraq is ranked 38th in the table of the world’s largest gold reserves

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The World Gold Council announced, on Wednesday, that the United States of America ranked first and Iraq in the 38th place as the world’s largest reserves of the precious yellow metal.

The council said in its schedule for the month of March, that the central banks’ possession of the 100 countries listed in the table amounted to 35,244 thousand tons,
adding that the United States of America ranked first as the largest gold reserves it possessed with an amount of 8,133 thousand tons, followed by Germany with an amount of 3,362 thousand tons, and then comes a fund. International currency by 2.814 thousand tons, and Italy comes fourth with 2,451 thousand tons, while Yemen comes to the top with 1.6 tons, followed by Haiti by 1.8 tons.

He continued, “Iraq still maintains the 38th position in the world and the fifth in the Arab world with the largest gold reserves at 96.3 tons, which represents 10% of the rest of the other reserves,” noting that “the last purchase of gold by Iraq was in September 2020, with an amount of 0.1 tons.” .

He pointed out that “the most prominent buyers of gold during this month are Uzbekistan, by 8.1 tons and Kazakhstan, by 2.8 tons, while the main sellers were Turkey, with an amount of 17.2 tons, and Russia, by 3.1 tons.”

Below here is the WOTS report for March 10 2021


the exchange rates of the dollar and minerals in the local markets: 

 

The price of the dollar against the Iraqi dinar

 

Exchange offices prices:
The sale price of the dollar is 146,000
The purchase price of the dollar is 145,000


The Markets:
The Asian markets closed mixed NIK up by .03% HSI up by .47% SHANG down by .05%
The UK markets are currently trading in the green mostly from .14% to .52% the FTSE is currently down by .08%
Our futures are currently trading mixed  DOW at 31917 up  by .33% SNP at 3877 up  by .10%% NDX at 12769 down  by .15%


Precious Metals:
Gold is red at 1711 Silver is red  at 25.79 Copper is green at 404 Platinum is red at 1170 
Brent 67 WTI  64   Bitcoin: 54,907


Favorite Currencies Forex Quotes

SymbolBidAskHighLowOpenChangeTime
 USD/IQD  1436.0000  1486.5000 1458.3000 1457.3000 1457.3000  0.2000 14:59
 USD/VND  22760.7000  23433.7900 23038.5000 23033.2900 23038.5000  15.5900 12:12
 USD/CNY  6.5111  6.5131 6.5158 6.5035 6.5054  0.0055 05:11
 USD/KWD  0.3023  0.3033 0.3025 0.3024 0.3025  -0.0001 05:02
 GBP/USD  1.3888  1.3889 1.3913 1.3846 1.3887  0.0000 05:12
 USD/IRR  42000.0000  42210.0000 42097.5000 42097.5000 42097.5000  0.0000 00:00
 USD/IDR  14219.0000  14606.0000 14408.0000 14210.0000 14390.0000  -172.0000 05:11

Things in the News:


Iraqi Articles:

Analyst: The Minister of Finance's adherence to the terms of the IMF is an affront to the dignity of Iraqis

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Political analyst Hazem Al-Bawi considered that the Minister of Finance, Ali Abdul-Amir Allawi, invoked the conditions of the International Monetary Fund in the austerity imposed on the people, an outrage to the dignity of Iraqis and an insistence in exposing them to more unfair pressures.

Al-Bawi said in a press statement followed by Al-Independent today, Tuesday, that "the minister has forgotten or forgotten that the Al-Abadi government sought to enter Iraq in 2014 under the unfair conditions of the International Monetary Fund and remove the hand from the sectors of health, education and the ration card, contrary to the constitution."

He added that "Al-Abadi's government was the first to carry out unjustified imposed austerity, deducting employees' salaries and raising communications fees for citizens, which caused a state of turmoil and great popular anger that Iraq is under its weight until now."

Al-Bawi stressed the need for political and economic decision-makers to learn from that bitter experience and not to risk their credibility in front of the people who know well that the budget has been calculated at $ 43 per barrel of oil, while the price of Iraqi oil is sold today at $ 53 in OPEC and may reach higher than that, which negates the need. Unjustified austerity


A resounding drop in oil prices after an optimistic jump

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Oil prices fell, Wednesday, due to an increase in US inventories, and investors' profit taking.

Brent crude fell for the month of May 62 cents, or 0.92 percent, to reach $ 66.90 a barrel.

US West Texas Intermediate crude for the month of April was $ 63.51 a barrel, down by 49 cents, or 0.77 percent.

Crude oil inventories in America rose by 12.8 million barrels in the week ending March 5, according to data from the American Petroleum Institute.

Analysts at the Bank of the Financial Group said that the OPEC + group - the Organization of the Petroleum Exporting Countries (OPEC) and the producers allied with it - may become a victim of its success, because higher prices resulting from the restriction of supplies may stimulate US oil production.

Last week, prices gained support from OPEC +’s decision to largely maintain production cuts in April, then jumped above $ 70 a barrel, after attacks on the Saudi oil stronghold.

The financial advisor talks about the possibility of paying the debts to Iran in Iraqi dinars

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Mazhar Muhammad Salih, the economic advisor to the Prime Minister, said, Tuesday, that Iraq can pay the value of gas supplied to Iraqi power stations to Iran in Iraqi dinars, in exchange for humanitarian needs such as food and medicine, in light of the US sanctions imposed on Tehran

Saleh said in a press statement, followed by "People", (March 9, 2021), that "the accumulated funds of Iranian companies are the value of Iraq's purchases of gas supplied to Iraq's power stations, as well as the price of supplying electricity to some governorates, rights that accumulate daily with the value of the supply ".  

Saleh explained that "there is a complete ban from the United States on any dealings in dollars or foreign currencies in the form of bank transfers with Iran," noting that "there are humanitarian exceptions represented by the possibility of paying those accumulated rights in cash in favor of Tehran for needs such as food, medicine and some expenses for tourists coming to Iraq." It shall be paid from the accumulator for these sums and dues, and are subject to criteria acceptable to all parties.  

Saleh stressed that "the balance, the volume of frozen funds in Iraq, is variable and may increase by consuming gas and electricity daily and decrease upon payment," while the Iranian side affirms that it is estimated at $ 5 billion. 

 

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 March 10th, 2021 total sales amount $ . no update yt

including   $0. CASH 

ISX Update:   

www.isx-iq.net/

Shares Traded: not updated for today
Value Traded: not updated for today 

3-10-2021   Newshound Guru MilitiaMan   A process had to be brought fourth...a currency reform is complex...It's not an easy task to do what they're doing.  They have to set up things.  They've got decisions that need to be made.  They have to set the stage for the economy to be able to do this.  And they have to have components of psychology involved because the people can't adjust... ultimately they had to get everything in order...kicking the can? ...or were they really just stalling for the system to be in place? ...eventually they've got to finish it...I think the 2021 budget, the Kurds, Hydro Carbon Law - they're all waiting for the same thing - the time to get that phone call saying show up. It's show time!

3-9-2021   Newshound Guru Pimpy    Article:   "Al-Halbousi directs to include the budget bill next Monday"  I think we are at a place right now where this negotiation is going to get finalized between Erbil and Baghdad and you're going to see shortly after that the budget go ahead and passed.  Something about the presence of the pope changed people's views on things and they decided to start cooperating which is very good...

3-9-2021   Newshound/Intel Guru Mnt Goat  ...March is going to be a very significant month for everyone everywhere. This week I took the time to call my contact person in the CBI. I am told the IMF just completed a week-long high-level meeting with to finalize the project to delete the zeros and just how they plan to roll it out...Why would they do this now?  Also, in this meeting they talked rates for the in-country revaluation and then the later reinstatement. The rates are rising as oil is rising to over $70+ a barrel. I was reminded by my contact that they will soon be no longer dependent on the currency auctions. This was fantastic news as I know what this means. They have not yet used the Buna system but are fully functional and tied into it...  

3-9-2021   Intel Guru MarkZ   [via PDK]  We are in a good spot right now…sit tight…we are awfully close to the end of this...the folks on the ground in Iraq are also expecting it [a major announcement about their currency] within the next few weeks. In Iraq they very much expect a new value before April 1st.   Even Mr. C [Guru Mike Cottrell] thinks we could go at any moment…i would not be surprised to get a call at any moment.

3-9-2021   Newshound/Intel Guru Petra  Because there is a huge amount of infrastructure that was necessary to bring this whole thing together and now looking in hindsight...we see the requirements what were necessary for the premise 'It can not fail with the citizens.'...there was no true "kicking the can".  It was the development of the infrastructure that was necessary so it would be successful...a lot of work had to be done...to make it work.  And to make it clear no more shenanigans can go on inside Iraq banks and markets.  It's going to be a clear transparent system by which currencies and businesses can transact in the world we call Iraq.
 
3-9-2021   Newshound/Intel Guru Walkingstick   [via Frank26]   Number one...They have a time frame that is solid...the onset of 1 to 1 is for the citizens domestically because a dinar is a dinar but it's also for the International world... Number two represents an adjustment in the exchange rate of 1 to 1 when the CBI reaches a certain assigned benchmark of collecting the 3-zero notes.  They need to collect a particular number...of notes and a particular value...before the second increase in the exchange rate... Number three is the conclusion of #1 and #2...the time frame is unknown.  We don't know how long it will take them to collect the 3-zero notes...Number 4  Internationally IMO I see this thing capping at $4.25...IMO about 8 months for it to reach that cap.  You gotta know when to hold'em and when to fold'em... [Post 2 of 2]

3-9-2021   Newshound/Intel Guru Walkingstick   [via Frank26]  One of the many meetings going on is with the IMF at an executive level with the banks of Iraq on the subject of the new exchange rate and the new small category notes...they were presented multiple exchange rates...when they tell the citizens the new rate and they show them the new notes - it's the onset.  1.  At the onset they will release their currency at the 1 to 1 rate (In the very near proximal future).  2.  The CBI has been given a benchmark to collect a certain amount of the 3 zero notes...the time frame is not carved in stone...   3.   These meetings are to conclude the re-denomination of the new small category notes.   [post 1 of 2....stay tuned]

3-9-2021   Newshound/Intel Guru Mnt Goat   Article:  "AL-KAABI CALLS FOR A SERIOUS AND URGENT STOP TO RETURN TO THE PREVIOUS DOLLAR EXCHANGE RATE"   Just so much news about the exchange rate. Yes, lots of pressure from all directions to finally go back to a normalized rate and off the sole de facto peg of the US dollar. It is time. It will happen. I can not give you a time as I do not know, but I do know they are discussing  it and making plans for it in 2021 not 2022.

3-9-2021   Intel Guru Frank26  ...The international world has been set up to enter Iraq.  We can see the articles.  The international world would not dare enter Iraq if they have not been in Article 8, if all the UN sanctions had not been removed, if they didn't have protection for their currency...they are article 8 and that's why counties are coming into Iraq.  Because they lifted the value of their currency, whether it be on the secondary books electronically or whatever.  It's been done...the international world is ready to come into Iraq.  That screams a new rate...IMO 1-2-3 this is it!

3-9-2021   Intel Guru MarkZ   [via PDK]   [Does the market need to crash before we see the RV?]  ...not necessarily…a crash of course would force the issue…but we have been seeing corrections in our markets already. Bond markets are approaching 2% and I was told when they hit 3% then there would be an implosion and a reset. So do we have to see one…no…but will we see a crash because they keep dragging their feet…there is a good chance...The market crash should happen after we exchange…  


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

Prime Minister Mustafa Al-Kazemi chaired today, Tuesday, a regular session of the Council of Ministers, during which the latest developments in the security situation and developments in the country were discussed, in addition to discussing and discussing the topics included in its agenda.

At the beginning of the session, Mr. Al-Kazemi offered his condolences to the Iraqi people and the Islamic nation, on the memory of the martyrdom of Imam Musa bin Jaafar, peace be upon him, indicating that it is a memory engraved in the conscience of the believers, and he referred to the miserable attempt by some to create discord among Iraqis, when they threw a grenade on a path Visitors at the Imams Bridge, this bridge that bears a high symbolism of Iraqi brotherhood and coexistence.

The Minister of Health and Environment reviewed 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 Coronavirus, as well as the work of the Ministry and other governmental efforts of the Ministry of Health in facing the pandemic.

After the Council of Ministers discussed the topics included in its agenda, it issued the following decisions:

First / Approval of the allocation of the Ministry of Finance (5000000000) dinars, only five billion dinars to the Baghdad Municipality from the emergency reserve, after the issuance of the Federal Budget Law of the Republic of Iraq for the fiscal year / 2021. To expand Street (77), Street (80) / and (Baghdad-Kut) Al-Rustumiya Road, and return the cables to their correct path according to the technical specifications provided by the Ministry of Electricity.
 
Second: Approval of the minutes (19), and the recommendations of the Diwaniya Order Committee (45 of 2018), accompanying the linking of the Ministry of Planning's letter No. 1/2/157, dated 2/18/2021, regarding the completion of public hospital projects.
- Adding the General Director of the Accounting Department at the Ministry of Finance to the aforementioned committee.
 
Third / In appreciation of the tremendous efforts made by the cadres of the Ministry of Health from the White Army and the huge sacrifices they made during that period, the aforementioned were granted a letter of thanks and appreciation for their efforts in confronting the pandemic with a financial reward of (10) million dinars for the families of the martyrs of the White Army, disbursed by the Ministry Financial, Acknowledgment Book.
 
Fourth / Supporting the club law proposal submitted to the House of Representatives for a vote, taking into account the opinion of the legal department in the General Secretariat of the Council of Ministers regarding some aspects of the wording with specifying exemptions related to sports so that they are not used in a wrong way.
 
Fifth / Approval of the draft law on ratification of the Maritime Transport Agreement between the government of the Republic of Iraq and the government of the Arab Republic of Egypt, which was prepared by the State Council and referred to the House of Representatives, based on the provisions of Articles (61 / First and 80 / Second) of the Constitution.
 
Sixth / Approving the renewal of the authorization granted to the Minister of Education pursuant to Cabinet Resolution No. (183 of 2019) regarding the authority to deal with emergency matters that result from exceptional and abnormal circumstances, and which have a direct negative impact on students ’attendance and exams exclusively, and all other matters that Relates to the educational process, which leads to finding effective solutions to perform a successful academic year.

Media Office of the Prime Minister
9-March-2021

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ARTICLE 1-B (from PM Kadhimi's website; posted only on Arabic side, not on English side)

The most prominent thing by the Prime Minister, Mr. Mustafa Al-Kazemi, during the cabinet session

🔵 My condolences and condolences to the Iraqi people and the Islamic nation on the memory of the martyrdom of Imam al-Kadhim, peace be upon him, a memory that is present in the conscience of all believers, and yesterday some tried, in a miserable attempt to create discord among Iraqis, by throwing a grenade at the Imams Bridge, the bridge that is highly symbolic of brotherhood and coexistence Al-Iraqi .. The symbolism of Al-Kadhimiya and the symbolism of Al-Adhamiya.

🔵 Yesterday I went to the Imams Bridge and personally saw the size of brotherhood, intimacy and social integration, and the residents of Adhamiya were against this work, and I also saw how the visitors dealt with the great hospitality of the people of Adhamiya, and they blamed the accident on the parties that do not want good for Iraq, it was an attempt to create sedition, but praise be to God The people were alert and able to cross and overcome this strife.

🔵 Imam Musa al-Kadhim, peace be upon him, is a teacher of tolerance and patience. That is why he was called the Monk of the Family of Muhammad, known for his patience and coexistence, and he was the jurist of the nation and a title of patience.

Yesterday we launched the principle of national dialogue after the conclusion of the visit of His Holiness the Pope to Iraq, and the extent of the joy that the Iraqis experienced and the extent of optimism about the present and future role of Iraq. We presented the idea of a national dialogue for all Iraqis, political forces, social activities, civil society, protesters, and opponents of the government, and are ready to sit down At the dialogue table for the future of Iraq.

🔵 The idea of a national dialogue can also contribute to solving all crises between the federal government and the Kurdistan Regional Government regarding the relationship between Baghdad and Erbil.

🔵 This government, from the first day of its formation, is a government of actions, and it must work with all force to cross Iraq to safety.

🔵 The government was able to overcome many of the crises it inherited from previous periods and succeeded in overcoming them in a spirit of patience, complementarity and solidarity, and with all this there is still shortcoming, and there are still projects awaiting work and initiation.

🔵 I wish all of the ministers to pause on what we have accomplished over the past seven months, what we have succeeded in, and what needs more diligent work.

🔵 The events in Nasiriyah were painful, and the people promised us that we would search for the perpetrators, and we reached very important results.

🔵 The ministers, starting from this session, and each within his jurisdiction, and within a schedule prepared by the Prime Minister, must go to the city of Nasiriyah weekly, each of them supervising his ministry inside the governorate in order to see the suffering of the people, not only in Nasiriyah, but in every Provinces.

🔵 We need to evaluate ourselves after seven months to know where we were wrong and where we were hurt, and to evaluate the experience.

🔵 This government has a set of obligations, establishing the conduct of fair and fair elections, as well as protecting the security situation, protecting the economic situation and preventing it from collapsing, but this does not exempt us from our obligations to our people.

We should be proud in the government sessions that despite all the challenges, we looked for an opportunity for reform, and for this we presented a real reform paper, not only economically, but administratively, as well as in the infrastructure of state institutions.

🔵 We suffer from the infrastructure of some ministries, from a flabby cadre or bureaucratic employees, and I hope that the ministers will go to these departments and run them from a lower location so that they know the extent of the problems.

🔵 Sometimes I had to meet with the general directors and the assistants of the general directors in order to follow things up, and discover daily that we have challenges, and I ask the ministers to exercise their roles from a lower position, so that we can follow people's problems.

🔵 The Pope's visit to Iraq was a subject of pride and pride for all Iraqis and the world, especially the historic meeting in Ur, or the historic meeting with His Eminence Al-Sistani, it was a message to humanity and to all Iraqis that Iraq can rise, and that there is an opportunity for the present and the future.

We must work together and forget our worries and our personal interests and disable these interests, and think about the public interest. We have no choice but Iraq, and we have no choice but to coexist and solve our problems.

I have called for a national dialogue, and this is a message of the size of the historical responsibility entrusted to this government, and that it tries to salvage what can be saved, and it is an attempt to reunite the Iraqis.

Let our religious, ethnic, sectarian, and even cultural diversity be an element of strength and not an element of weakness. Diversity is always an element of strength, but due to political mistakes it has turned into an element of weakness, so we must revive this diversity.
 
We must take advantage of the Pope’s visit to Iraq and turn it into a development project. We need to activate religious tourism and tourism to other historical sites.

🔵 The month of Ramadan is about to come, and I call on the Minister of Trade to pay attention to the poor in the ration card

🔵 The poor segment is wide in Iraq, and in some regions, due to the Corona epidemic and the economic challenges, the segment of the poor began to expand, and the Ministry of Trade must do its duty and provide the vocabulary in the best way and in a way that preserves the dignity of citizens, for it is not a blessing but rather a duty on the government towards its people and the Ministry of Labor and Social Affairs to fulfill its duty Also with regard to their obligations.
 
🔵 The Ministers of Trade and Labor and all ministries must work their hardest to support the poor segment of the poor, especially since the month of Ramadan is on the way.

Media Office of the Prime Minister
9-March-2021

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ARTICLE 1-C (from PM Kadhimi's website; posted only on Arabic side, not on English side)

Prime Minister, Commander in Chief of the Armed Forces, Mr. Mustafa Al-Kazemi visits Baghdad Operations Command

The Prime Minister and Commander-in-Chief of the Armed Forces, Mr. Mustafa Al-Kazemi, today, Tuesday, visited the headquarters of Baghdad Operations Command.

Upon his arrival, His Excellency chaired a meeting, which was attended by the Minister of Interior, the Deputy Commander of Joint Operations, the Commander of Baghdad Operations, as well as a number of security leaders and officers of the military and security services.

The Commander-in-Chief of the Armed Forces followed up on the implementation of the security measures taken, and was informed of the details of the bombing with a hand grenade in the landfill, which targeted the visitors participating in the revival of the ceremonies of the visit of Imam Musa al-Kadhim, peace be upon him.

His Excellency continued the implementation of the plans and duties assigned to the security forces and to affirm the protection of visitors. He also directed that the utmost attention and willingness be exerted to ensure the flow of the ceremonies of the visit of Imam Musa bin Jaafar, peace be upon him, and all the activities and activities taking place in the beloved capital, Baghdad.

Media Office of the Prime Minister
9-March-2021

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ARTICLE 2 (from Government of Iraq twitter account)

Watch: Highlights of the press conference of the Cabinet Spokesperson, the Minister of Culture

Covid-19 disrupted education around the world. Watch this interview with Iraq’s Minister of Education Ali-Hameed to find out how the @IraqiGovt responded to this unprecedented crisis in education:
The @IraqiGovt is repairing the extensive damage caused by terrorism to Iraq’s schools and education infrastructure. Watch this interview with Iraq’s Minister of Education, Ali Hameed, for more details:

Watch: Highlights of His Holiness @Pontifex historic visit to Iraq. #PopeInIraq
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ARTICLE 3

The National Approach: Expectations to conclude deals under the table to pass the region’s share in exchange for future alliances

3/8/2021 18:39 • 
[Baghdad-Where] Al-
Mahaj Al-Watani bloc expected, on Monday, secret deals to be concluded from under the table to pass the region's share in the budget in exchange for future alliances.
The MP said of the national approach, the Kurdish delegations that are now discussing the region’s share in the budget did not meet with any deputy, but the dialogues are limited to certain personalities.

He added that all the dialogues that take place about the region’s share are not technical, but rather political, for the purpose of consensus on them.

"There are expectations and concerns about concluding deals from under the table in secret to pass the region’s share of the budget without handing over imports in exchange for future alliances or other political deals," Al-Faily said.
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ARTICLE 4

Al-Karawi: 90 percent of the budget files are settled, and the problem with "Kurdistan" is still present

3/9/2021 20:58 • 
[Baghdad_Where]
MP Abdul Khaleq Al-Azzawi confirmed, on Tuesday, that 90% of the budget files have been settled, while indicating that the problem with Kurdistan still exists.
Al-Azzawi said, “Next Monday, two important draft laws will be presented. The first concerns the completion of the vote on the Federal Court’s law, as it is the most important framework in the course of the upcoming elections, and the second is the budget that represents the most important laws in the country, especially since the Finance Committee handed over the budget to the Presidency of the Council more than 20 days after completing the mechanisms of auditing and discussions.

Al-Azzawi added, "90% of the budget files are settled, but the problem with the Kurdistan region on the issues of oil and its export and border crossings still exists, pointing out that political consensus is a very important framework in resolving complications, and we hope that discussions in the coming days will reach a framework that leads to consensus in resolving." Budget file ”.

The budget law is one of the most important laws that define the state’s path in the financial framework and formulate government spending policy in all ministries.
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ARTICLE 5

An economist calls for a speedy end to the disputes and preparation for the international turnout

3/9/2021 18:42 • 
[Baghdad-Where]
Economic affairs researcher, Yahya Al-Haddad, called on Tuesday for the political forces to resolve differences, end conflicts over gains, and head towards urgent elections in preparation for the international turnout on Iraq.
Al-Haddad said, “The Pope’s visit to the holy city of Najaf in particular is a recognition of the great role that the reference plays in the security and political axis,” noting that “it is a victory for the humanitarian role of the Shiite authority in Iraq in particular and the Arab world in general.”

He noted that "Iraq, after this historic visit of Pope Francis, needs to be fully prepared and open new horizons of political orientations as it is on a new date of international interaction with Iraq in all files, especially the economic file."

He explained, "The political forces must settle their accounts and put the interest of Iraq above all considerations, because the next stage will witness a boom for investments in Iraq, and this process needs political security before considering any step, which depends on the size of the responsibility that the leaders of Iraq bear at this stage."

And he stated, “It is necessary to end all of the early elections and to speed up their conduct because they are a dangerous weapon that threatens every investment process in Iraq,” explaining that “the large investments of countries in Iraq do not look at public interests as much as they are concerned with the security of the region in which they operate and the extent of the decision’s ability. Politician to tame that security.

He pointed out that "Iraq is fertile land and the visit of the Pope as the biggest leader of the Christian community stimulated international business companies and began talking in the media about large investments that will be presented to the new Iraqi government."
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