The old price is coming.. Political forces agree to develop a map to reduce the exchange rates of the dollar against the Iraqi dinar

 

The old price is coming.. Political forces agree to develop a map to reduce the exchange rates of the dollar against the Iraqi dinar

The Iraqi Prime Minister directs the political forces to complete the constitutional entitlements

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Today, Saturday, the Iraqi Prime Minister, Mustafa Al-Kazemi, called on the national political forces to complete the constitutional entitlements, and to move from the language of impediment and obstruction, to the language of agreement, trust and cooperation .

 

Al-Kazemi said - in a statement reported by (Alsumaria News) news channel - "We learn from the martyrs of Iraq to adhere to the truth and the position, and we learn from them to be the national discourse away from sensitivities and fanaticism ."

 

He pointed out that building the state and its institutions is the most important requirement, as it means reconstruction and reform, and strengthening the presence and role of institutions. Building the state means armed forces capable of protecting the homeland, its land and its borders against all challenges, and it means a strong economy, cooperation and partnership with the ocean and the world, calling on our national political forces to complete Constitutional entitlements and work in a spirit of solidarity .

 

Al-Kazemi continued, "We must pay attention to the fact that the current international crises affect all countries of the world and Iraq is not far from these crises, and it is our duty to protect our people from any repercussions of these crises," calling on all political forces in the House of Representatives to pass the Emergency Food Security Support Law, without emptying it of its content .

 

The Iraqi Prime Minister also called for political decisions to be up to the aspirations of our people, because they await the establishment of a long-awaited reform Iraqi government .

 

On the ground, the police of the Iraqi Sulaymaniyah Governorate announced that 14 people were injured in the explosion of an iron factory that took place in the Tangro area near the Sulaymaniyah Governorate .

 

The Iraqi News Agency quoted the spokesman for the Salmaniya police, Sarkot Ahmed, as saying: "An explosion occurred at a steel factory in the Tangro area near the Sulaymaniyah province, causing 14 injuries," adding that the causes of the explosion were not yet known, while all the injured were transferred to the hospital.

Parliamentary Investment: We will monitor the process of pumping currency into the market

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A member of the Parliamentary Economy and Investment Committee, Muhammad Al-Ziyadi, confirmed that the parliamentary committees will anticipate the Ministry of Finance's action to pump the currency into the market.
Al-Ziyadi said in an interview with "Mawazine News" that "during our question to the Minister of Finance, we tried hard to find a solution to the issue of the delay in approving the budget, but the Finance's response to the Food Security Law contained many problems."

Iraq: $20bn foreign debts, $48bn internal debts

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The Iraqi government reiterated on Friday that it owes $20 billion in foreign debts and $48 billion in internal debts, Jordanian news agency Petra reported.

Mazhar Mohammed Saleh, advisor for financial affairs to the Iraqi prime minister, said that 67 per cent of the internal debts ($48 billion) is currently deposited in the Central Bank, pointing out a plan to repay the debts in three years.

Iraq relies on oil to fund 95 per cent of its 2021 national budget and plans to increase oil exports to 3.4 million barrels per day in the first quarter of 2022.

Saleh also indicated that the current oil prices, hiked following the Russian war in Ukraine, would help repay the internal and external debts.

He added, "The government must cover the street with a certain liquidity, regardless of the arguments, and there will be strong oversight from the House of Representatives in this regard."

I didnt read this but I thought you might want  to

Oil clarifies the mechanisms of selling and marketing black oil 

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Today, Saturday, the Ministry of Oil clarified the mechanisms for selling and .marketing black oil

 

The ministry stated in a statement received (Baghdad Today) that "while we affirm its respect for freedom of opinion and the other opinion, and professional treatment by the media, we reject the cases of extortion and misinformation practiced by some satellite channels affiliated with the local media, for narrow accounts and interests, and in response to what It was broadcast by one of the satellite channels regarding the mechanisms of selling and marketing black oil fuel oil. The technical department and the two oil marketing and distribution companies in the Ministry of Oil confirm the keenness of the ministry and its oil companies to support national industries and the private sector despite the challenges facing the oil sector and the Iraqi economy due to the changes in the global oil market, which led to the rise in the prices of oil .and petroleum products

And she stressed: "Its continuing to equip the factories and factories of the private sector at the government-subsidized price, taking into account the adoption of the global bulletin pricing in order to achieve financial revenues to support the state budget and sustain economic development, as well as protect oil wealth from waste and cut off the road for some weak souls from exploiting the large difference in Prices compared to the prices of the global bulletin and neighboring countries, and .smuggling the product or selling it outside its resources for the local industry

The ministry indicated that it "is processing black oil for factories and factories producing asphalt at a price of (350) thousand dinars per ton, while the price of one ton of black oil, according to the international bulletin, is (900) thousand dinars per ton, meaning that the difference in the two prices is (550) thousand dinars. per ton, and this represents the value of the support provided to encourage the national industry, and the ministry sells black oil to brick factories at a price of (100) thousand dinars per ton. In this case, the difference in price compared to the global publication .is (800) thousand dinars per ton

She added: "As the ministry announced earlier, it bears losses due to the price difference in the event of exporting the entire quantities produced, amounting to ".more than five thousand billion dinars annually She explained that "the export of oil and oil derivatives is the responsibility of the Iraqi Oil Marketing Company (SOMO) according to the laws in force, including National Security Council Resolution No. 21 of 2020, which came to address the phenomenon of smuggling oil and gas and its derivatives, and it came in Article (1), paragraph (b). Cancellation of all export licenses for petroleum products issued by the Ministry of Commerce and restricting them to the Oil Marketing Company SOMO, with reference to the monitoring of numerous violations regarding the export of oil ."derivatives through unauthorized parties. the National

And she indicated that "the policy of exporting crude oil and oil derivatives is one of the duties of the ministry, and that it relies in the export and marketing process on monthly reports and research prepared by the oil marketing company based on global market research and through this policy the sale and marketing of crude oil and oil derivatives is achieved to achieve financial revenues for the state that depends It is the country’s general budget, and the Iraqi Oil Marketing Company achieved financial revenues of $3 billion from selling black oil during 2021, and these ”.are revenues added to the crude oil marketing carried out by the company 

The Ministry of Oil called: “The Media and Communications Authority to take appropriate measures against some satellite channels that practice the process of extortion, misinformation and falsification of facts to the public, by inciting demonstrations and broadcasting fabricated reports and news, for narrow and cheap goals and interests, while the ministry and its oil companies keep taking legal measures. The occasion is against some satellite channels affiliated with the Iraqi media, the ministry calls on the media to be accurate in circulating information related to the oil sector and to put Iraq’s interest above all considerations and to adopt transparency in the circulation of information and to derive it from its reliable .sources  

Head of the Supreme Judicial Council: The Iraqi constitution authorizes the "emergency

government"
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 The head of the Supreme Judicial Council, Faeq Zaidan, confirmed on Saturday that the Iraqi constitution permits the declaration of an "emergency government" despite the absence of an explicit text for that, noting that "the caretaker and emergency government" came within the context of the constitutional articles.

Zaidan wrote in an article followed by Shafak News Agency; The meaning of a particular phrase on the intent of the constitutional legislator may be explicit so that there is no possibility of its conflict, and this phrase is described as being explicit on the intended meaning. Before others, and here it is said that this phrase is apparent in this meaning, so the text that indicates one meaning is described as an explicit text, as it is explicit in this meaning and has no other meaning.

The head of the Supreme Judicial Council added; “Each word has its basic meaning and contextual meaning. It is the context that determines the meaning of the sentence and has a great impact in determining the exact semantics of the word, and by means of it, the words of the language transcend their familiar semantic boundaries to produce new connotations, as it is sometimes difficult to determine the meaning of the word because the word does not carry in itself an absolute connotation. The context is what determines its true significance, and the semantic value of the word lies in its meaning, and the meaning is the relationship between the utterance and the signified, and accordingly, the change in meaning occurs whenever there is any change in the basic relationship.

He continued, "It can be said that each word has a lexical meaning that represents its true meaning and another meaning according to customary use. For example, the term (caretaker government) is currently circulating, while there is no literal text in the Constitution of the Republic of Iraq for the year 2005 with this name, but it is mentioned in Article (61). / eighth / d) of it (in the event of a vote of no confidence in the entire cabinet, the prime minister and ministers continue in their positions to manage daily affairs for a period not exceeding thirty days until the formation of the new cabinet) as well as stated in Article (64/second) of the constitution (The President of the Republic, upon dissolving the House of Representatives, calls for general elections in the country within a maximum period of sixty days from the date of the dissolution, and the Council of Ministers in this case is considered resigned, and continues to run daily affairs). 

He added that "in both articles, the intent of the phrase (the Council of Ministers) is to denote (the caretaker government) according to the contextual and customary meaning that reaches the mind of the reader. The same case applies to what is used in the term (emergency government) and here too there is no explicit text With this name, it is stated in Article (61 / ninth) of the Constitution (A- Approval of a declaration of war and a state of emergency by a two-thirds majority, based on a joint request from the President of the Republic and the Prime Minister. C- The Prime Minister is empowered with the necessary powers that enable him to run the country During the period of declaring war and a state of emergency, these powers shall be regulated by law, in a manner that does not conflict with the Constitution.)

Zaidan concluded that "from this text, the apparent meaning of the phrase (Prime Minister) contained in that article is the indication of the (emergency government) that exercises the necessary powers to manage the country's affairs during the period of the declaration of war and the state of emergency, according to the contextual meaning of the sentence and the customary use of this phrase. 

The rise to 20% .. Al-Kazemi is responsible between the siege of Parliament and the people, and the law warns of an Iraqi uprising

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Today, Saturday, the leader of the State of Law coalition, Turki Jadaan, .sent a message to the Prime Minister, Mustafa Al-Kazemi Jadaan said in an interview with (Baghdad Today), "The prices of vegetables, fruits and foodstuffs have risen during the past weeks from 15-20% in Diyala markets," noting that "the province includes 30% of its population below the poverty line, or 400,000 people in a situation of It is difficult that they can no longer bear the speculations of the markets, which have created another hunger that besieges them ".and increases their daily suffering

He added, "Kurdistan outlets are open for all materials to enter without any supervision, while the situation is different in the Mandali and Munthiri ports," stressing "the need to immediately allow the entry of foodstuffs, vegetables and ".fruits to confront price fever and save the poor from a real tragedy If things remain as they are, it will inevitably lead to an uprising of popular anger,"" .he said

He pointed out, "Diyala depends mainly on the importer by 100%, especially with it being deprived of agricultural plans for 3 consecutive seasons, which calls for attention to its deteriorating conditions in the economic dimension and supporting its markets by supplying materials and crops from its border outlets, not Kurdistan ." .because the cost of transportation will lead to raising prices again 

 

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Al-Kazemi to an American general: The need to sustain the momentum in the war on terror

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Today, Sunday, Prime Minister Mustafa Al-Kadhimi discussed with the commander of the US Central Command, General Michael Corella, the course of the war on terrorism and the pursuit of the defeated ISIS remnants

Al-Kazemi's office said in a statement received by Alsumaria News, that the latter "received the commander of the US Central Command, General Michael Corella and his accompanying delegation, to discuss security and military cooperation between Iraq and the United States, the course of the war on terrorism, the pursuit of the defeated remnants of ISIS, and the latest operations of the Iraqi armed forces." In this regard, in addition to strengthening joint security coordination, especially after the role of the international coalition against terrorism has moved to the stage of assisting in building Iraqi military capabilities and providing advice, support and empowerment

Al-Kazemi stressed, "the importance of sustaining the momentum in the war on terrorism, preventing ISIS cells from growing again, or establishing footholds for them, and threatening the security of Iraqis and the region." During the meeting, they discussed the security and military situation at the regional level and joint coordination to end the activity of terrorist groups, and the threat they pose to the security and stability of the region, according to the statement

On the other hand, GeneralMichael CorellaHis appreciation for the combat level of the Iraqi security forces, the high performance indicators and their ability to implement their new field tasks, and to invest in the air capabilities provided by the modern Iraqi Air Force aircraft.

 

The old price is coming.. Political forces agree on a map to reduce the exchange rates of the dollar against the dinar 

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remember  these are the  Iranian backed guys  let's hope Sadr has  a plan  too though

The leader in the coordination framework, Issam Al-Kuraiti, confirmed today, Sunday, that the framework has established 3 tracks to deal with .the dollar exchange rate file

Al-Kuraiti said in an interview with (Baghdad Today), “The exchange rate of the dollar against the Iraqi dinar is a very sensitive and thorny issue, and the increase in its exchange rate has hit the lifeblood of the Iraqi citizen and contributed to increasing poverty rates and pushing the movement of commercial activity to decline with the increase in prices in the markets for all materials and in proportions.” So sharp that construction prices created a huge gap and pushed it down remarkably with an ".unprecedented rise in raw materials

He added, "The coordinating framework, with all its might, is agreed to reconsider the dollar exchange rate file through a supreme committee consisting of experts to develop a road map that contributes to setting an appropriate exchange rate and alleviates the economic burdens on the poor and low-income people, and contributes .to restoring the activity of the Iraqi markets after A stalemate that lasted for months

He pointed out that "the framework adopted early on the dollar price file and the need for it to be managed through well-defined economic tracks that basically take ".into account the presence of 30% of the people who are below the poverty line

Adviser to Al-Kazemi: The results of the Kuwait Donors Conference {zero} and no final accounts for 2021

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Adviser to the Prime Minister Mustafa Al-Kazemi for political and financial affairs said: "The results of the International Donors Conference in Kuwait for the Reconstruction of Iraq are {zero}".

It is noteworthy that the pledges of the countries participating in the Kuwait Conference for the Reconstruction of Iraq, held in 2018, amounted to about 30 billion dollars, provided that this assistance will be in the form of loans, credit facilities and investments provided to Iraq in order to rebuild what was destroyed by the war against ISIS terrorist gangs.

Mazhar Muhammad Salih told the "Before Suhoor" program on Al-Furat satellite channel this evening: "The conference remains a sign of international solidarity with Iraq."

He added, "Iraq's direct loss to the ISIS occupation is about $29 billion."

He pointed out that "Qusay Saddam withdrew 900 million dollars from the Central Bank of Iraq on the eve of the war on Iraq in 2003."

Saleh stressed that "there are no accurate figures for the Iraqi balances deposited in Lebanon's banks."

He noted, "Iraq's revenues for the month of February were the highest in the country's history."

Saleh said, "There are no final accounts for the expenses of 2021," noting that "the fiscal policy aims, through the budget, to achieve stability and development, and the state's economy is a central rentier, but the market economy is completely liberal with high liberalism."

He continued, "There is one employee for every ten Iraqis, while in Germany there is one employee for every 250 people," noting that "100 billion dollars were written off from Iraq's debts to the Paris Club countries and outside it after 2003," noting that "most of the debts of the Russian Federation on Iraq were written off in the Paris Club. By 94%.

He explained, "Iraq did not have more than 3 billion dollars in July 2003," noting that "the reserves of the Central Bank exceeded 70 billion dollars in 2013."

The Prime Minister's advisor said that the late former Central Bank governor, Sinan al-Shabibi, "preserved the independence of the Central Bank completely, which was misinterpreted by some," referring to it as "a rare model of third world economists."

He stressed that "the white paper is reformist and was written by experts," noting that "he stood against reducing salaries, but I call for the development of production."

Saleh also stressed: "We must shift from balancing items to balancing projects."

He added that "the volatile instruments include instruments without a financial cover," explaining that "the (DFI) fund was established by a UN resolution to finance Iraq's oil sales," stressing that "Iraq's money in America is fortified and protected by financial norms."

He revealed that "the presidential office was taking up half of Iraq's annual budget," noting that "the adoption of one principle on 12 means that there are no new appointments.

The appearance of Muhammad Qusay Saddam Hussein withdrew $ 900 million from the Central Bank on the eve of the war in 2003

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I'm not sure why they want this info out now. hmmmmm?

 

For a local television program, Adviser to the Prime Minister for Political and Financial Affairs Mazhar Muhammad Salih confirmed that the son of former President Qusay Saddam Hussein withdrew 900 million dollars from the Central Bank on the eve of the war in 2003.