WOTS MON APR 12 21
These are the articles I covered on the My FX Buddies podcast at: https://anchor.fm/dashboard/episode/eur3m2
and I apologize it ended abruptly but I ran out of time to close properly.
Parliamentary Committee: The Budget Law has become effective and there is no going back to amend or add any paragraph
The Parliamentary Legal Committee confirmed, on Saturday, that it is not possible to amend or add to the budget after its exit from Parliament.
A member of the committee, Salim Khadr, said in a statement to / Al-Maalouma /, that “Parliament gave legitimacy by approving the budget and voting on all its articles and sending them to the Presidency of the Republic for approval. Legally enforceable ”.
He added, “The statements that are issued regarding the possibility of making an amendment to the budget with regard to some segments and their re-inclusion is unlikely and unreal. Rather, there are degrees named in the budget that will include only the slides that pertain to them.”
He pointed out that “this matter applies in both cases before or after the presidency of the republic approved the budget because it has acquired the Sharia and has been granted legal status and will go to the finance for the division.”
Parliamentary legal: the exchange rate of the dinar is fixed and the "appeal" does not stop the implementation of the budget
The parliamentary legal committee confirmed on Sunday that the 2021 general budget law cannot be challenged and the dollar exchange rate changed against the Iraqi dinar.
"Some articles and paragraphs of the general budget law can be challenged by the Federal Court, but this appeal will not stop the implementation of the law, but will stop some paragraphs pending consideration and broadcasting of the appeal against those paragraphs," committee member Salim Hamza told Shafq News.
"The exchange rate of the dollar against the Iraqi dinar is fixed and cannot be challenged, considering that the paragraph is not an addition to the budget law, but is a decision issued by the executive government and the central bank and does not contain any violation of the law or constitution," he said.
an economist expects the dollar exchange rate to reach 1500 dinars
Economic expert Abdul Rahman Al-Mashhadani expected, today, Friday, that the exchange rate of the dollar in the Iraqi market will reach 1500 dinars before the end of this year.
Al-Mashhadani said, "The rise in the exchange rate of the dollar in the Iraqi market will continue to rise, especially after it has been fixed in the general budget and has become not subject to political auctions. All merchants and people are convinced that the official exchange rate has now been proven, stressing that the exchange rate in the markets will reach 1500 or 1510 before the end." This year ”.
He added, “Traders’ reluctance to buy the dollar due to the presence of large quantities of the sold dollar in the markets, especially since the Central Bank sold large quantities of dollars, from the beginning of October last year to mid-March of this year, so traders get the dollar from the market and transfer it.
Through their exchange offices through the clearing method. The second thing is that they reduced the amount of imports as part of the pressure on the government because they refused to change the exchange rate from the first day.
He pointed out that "the central bank's sales are gradually increasing, but in a very simple way, but it will not reach quickly to sell 150 million dollars in the auction. It takes time, indicating that within the next 4-5 months, normal conditions will return, especially for traders in dealing with the current exchange rate, and the matter becomes Accepted by all
Al-Sistani’s office expects the first day of Ramadan
The Office of the Supreme Religious Authority Ali al-Sistani expected, today, Monday (April 12, 2021), that the crescent of the month of Ramadan will be visible on Tuesday evening.
The office of the Sistani reference said, in a statement received (Baghdad Today), that “it is expected that the crescent of the month of Ramadan will be visible on Tuesday evening (30 Shaban 1442 AH) corresponding to (April 13, 2021 AD) at the horizon of the holy city of Najaf at sunset at (6: 6): 30), and in this case it is expected that the crescent will be seen clearly and loudly, and therefore Wednesday (April 14, 2021 AD) will be the first day of the month of Ramadan.
This came in the table “Crescent timings for the blessed month of Ramadan for the year (1442 AH) corresponding to the year (2021 CE), published on the website of the Office of the Supreme Religious Authority, His Eminence Ali Al-Hussaini Al-Sistani, in Najaf, and that the crescent will be 14 degrees and 16 degrees above the horizon. A minute, and the duration of its stay after sunset (1 hour) and (12 minutes), and the percentage of the illuminated portion of it (1,
As it was stated in the expectations that “the crescent moon on the night before (the night of Shaban 29) is not expected to be able to see it with the naked eye.”
After April 9, 2003. Prospects for financial development and challenges
Experts and economic specialists continue to assess the stage following April 9, 2003, which witnessed a positive shift in important economic aspects accompanied by a decline in other sectors, which economists consider to be accompanied by any economic transformation and change from one reality to another.
"The change has contributed to the liberalization of the national currency from the constraints of the former regime," said finance expert Thamer al-Azzawi.
The price of the dinar
"One of the most important economic achievements achieved after April 9, 2003, was the issuance of the new currency, which resulted in raising the price of the Iraqi dinar and getting him out of the prison where he lived during the previous regime, and his purchasing power improved quickly, with financial and economic measures," he said. "After 18 years, the Iraqi dinar has become stronger than many currencies of neighboring countries, regional and international countries, with a cash mass that is good compared to the circumstances," he said. Current."
Boiled product
"Despite the many positives achieved after April 9 in the economic aspects of reducing Iraq's debt, opening up to the world and returning Iraq to its regional and international environment, developing the oil sector and controlling its revenues, it needs to be addressed from the challenges that accompanied the transition, first and foremost, the protection of the boiling product and the development of production sectors to address all the problems facing Iraq, provide jobs and achieve economic integration," said a member of the Ahmed National Business Council.
Attract investment
"The entry of investments into the reconstruction and housing sector is a positive thing that has been witnessed in the years after the fall of the regime," said Saad al-Zaidan, a real estate specialist.
"The investments have contributed to moving the labor market, providing hundreds of thousands of jobs and employment opportunities for young people, the unemployed, artisans, graduates and others," he said.
World Trade Organization
Commercial specialist Raed al-Ameri pointed to a point he described as the mission that occurred after the fall of the dictatorial regime.
"Iraq has opened its doors to world trade, and the Iraqi merchant has become a world record to be reckoned with, after it was locally governed by the temperaments of a shabby regime, and now the Iraqi merchant finds it in most countries of the world, importing and exporting goods," al-Ameri said.
He negotiates."
Planes drop leaflets on Karbala
Helicopters dropped leaflets on Karbala province this morning.
The leaflets urged citizens to update their biometric data and receive their electoral card by reviewing the registration centers spread across the governorate.
It is noteworthy that the Election Commission set the deadline for updating the biometric data on April 15, next Thursday.
Early parliamentary elections are scheduled to take place in Iraq on October 10.
Barzani thanks the US ambassador for his efforts in approving the budget law
Today, Monday, the President of the Kurdistan Regional Government, Masrour Barzani, thanked the US ambassador to Iraq, Matthew Toller, for his "efforts" in approving the 2021 budget law.
The media office of the President of the Kurdistan Regional Government said, in a statement, that "Barzani received the US ambassador to Iraq, Matthew Toller . "
He added, "The meeting, which was attended by the US Consul General in Erbil, Rob Waller, during which they discussed the latest developments in the situation in Iraq and the relations between the Kurdistan region and the United States . "
According to the statement, "the US ambassador to Iraq shed light on the strategic dialogue between the United States and Iraq," noting that "his country will continue to support the Iraqi army and the Peshmerga to confront ISIS threats within the framework of the international coalition forces . "
According to the statement, "the US ambassador praised the reforms being undertaken by the Kurdistan Regional Government, especially the reform steps taken by the Ministry of Peshmerga . "
Barzani thanked "the American ambassador for his efforts in approving the federal budget law," stressing "the commitment of the Kurdistan Regional Government to implement the budget law."
He called on "the federal government to carry out its duties towards the Kurdistan Region within the framework of the General Budget Law
According to a correspondent for The Shafq News Agency, the Central Struggle Exchange in Baghdad recorded 147,700 Iraqi dinars compared to 100 US dollars, while al-Harithia Stock Exchange recorded 147,650 dinars per 100 U.S. dollars.
Our correspondent pointed out that the prices of buying and selling also increased in banking shops in the local markets in Baghdad, where the selling price reached 148,000 Iraqi dinars, while the purchase prices reached 147,000 dinars per 100 U.S. dollars.
Some bankers attributed the market to rising demand for the dollar after citizens were assured that the dollar exchange rate would remain without fear of falling again.
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Oil prices fall amid increased numbers of CO2 infections
Oil prices fell on Monday, amid increased numbers of cases of corona infections in countries, and fears that they will rise again in America, the world's largest oil consumer, after a plan to revive them as before.
Brent fell 18 cents, or 0.29 percent, to $62.77 a barrel by 0535 GMT. U.S. crude also fell 17 cents, or 0.27 percent, to $59.11 a barrel.
While the United States has fully vaccinated more than 70 million people, and in Europe the number of new infections is declining as closures begin, India has reported record new cases and other parts of Asia are seeing a rise in the number of cases.
Federal Reserve Chairman Jerome Powell said the U.S. economy is at a "turning point" amid expectations that growth and employment will accelerate in the coming months, but he faces the risk of reopening very quickly and triggering a resurgence of CORONAvirus cases.
"The main reason is that we're going to reopen very quickly, and people are going to go back very quickly to their old practices, and we're going to see another surge in cases," Powell said in an interview with CBS.
Iraq pledges to pay back Iranian debts soon
Finance Minister Ali Abdul-Amir Allawi pledged to pay Iran the debts owed by Iraq soon.
The Iraqi Minister of Finance, Ali Abdul Amir Allawi, received the Iranian Minister of Cooperation, Labor and Social Welfare, Muhammad Shariatmadari, on Sunday (April 11, 2021) in Baghdad, according to the Iranian IRNA Agency.
Shariatmadari highlighted in this meeting the many common denominators and the foundations of good neighborliness between the two countries; He stressed Tehran's readiness to share its experiences, especially in areas related to work and social welfare, with Baghdad.
In his turn, the Minister of Finance referred to the "good and valuable experiences" that Iran enjoys in various fields, especially the development and training of human resources. Welcome to benefit from these experiences with the aim of growth, prosperity and advancement of the Iraqi economy.
On the other hand, Allawi referred to the Iraqi debts due in exchange for importing gas and electricity from Iran; He assured that these debts will be paid soon.
In this meeting, the Iranian and Iraqi sides reviewed ways to enhance bilateral cooperation in the field of information exchange, social security and customs, in addition to signing a memorandum of understanding on "avoiding double taxes" between the two countries.
U.S. Ambassador: Washington looks forward to Iraqi-Iranian relations serving both sides
U.S. Ambassador to Iraq Matthew Toller said Sunday that his country looks forward to balanced Iraqi-Iranian relations serving both sides, noting that Washington is seeking to prevent any escalation in the regional region.
In a statement to Shafq News, the information office of national security adviser Qassim al-Araji said the latter received the U.S. ambassador in his Baghdad office and discussed regional and international security and political conditions, and ways to strengthen cooperation and maintain relations between Baghdad and Washington, in order to achieve the security and stability of the region.
He noted that the two sides discussed the implications of the Al-Hol border camp in Syria, and stressed the need to find a real and practical solution to the problem of the survival of the camp.
For his part, Al-Araji stressed that the region needs to rearrange its papers, pointing out that Iraq is always seeking and continues to be a meeting point and rapprochement with all, thereby restoring security and stability to the region and avoiding further conflicts.
For his part, the U.S. ambassador said that it was agreed with the Iraqi side to quickly follow up on the successful session of strategic dialogue, stressing that his country seeks not to escalate the regional situation, and that the United States looks forward to normal Iraqi-Iranian relations that serve the interests of all.
Vienna's talks with the Iranian side would be to build bridges of trust between Washington and Tehran.
Earlier in the day, Iranian media announced that Iraqi national security adviser Qassem al-Araji will arrive in Tehran tomorrow to discuss common issues between the two countries.
According to Tasnim, Al-Araji will arrive in Tehran tomorrow at the official invitation of Supreme National Security Council Secretary Ali Shamkhani to discuss bilateral, regional and international issues.
CBI Update: Just a note:
including $ 7,820,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
4-11-2021 Newshound/Intel Guru RVAlready The CBI does not need the budget to be in the gazette. They are setting the exchange rate for the currency. They do not require the budget in the gazette to do that.
4-11-2021 Intel Guru RayRen98 ...Budget law is now effective and in place and there is no going back and adding or reviewing the budget. On Iraq tv earlier today. CBI is up to bat.
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