Iraq enters the constitutional vacuum stage
A different legal opinion about the constitutional periods...starting with this date
The legal expert, Counselor Salem Hawass, considered that the statements of some jurists regarding the expiry of the constitutional deadline are incorrect and devoid of . the constitution and the interpretation of the Federal Supreme Court's decision Hawass said, in a statement received by (Baghdad today), that "some people confuse the decision of the Federal Supreme Court regarding the inadmissibility of opening the nomination door again and based on the validity of the legal periods, and the constitutional period contained in Article 72 / second / paragraph / b / which .was violated." Its time is thirty days, three times He continued, "The period starts from the date of the first meeting of the Council on 1/9 and ends on 2/9 for the first time, and ends on 3/9 for the second time, and ends on 4/9 for the third time. These are all clear and clear constitutional violations ". of the presidential election session
He added, "The confusion and lack of understanding, unfortunately, lies in the issue of the inadmissibility of opening the candidacy door again, while the candidacy is still valid and existing, and there has been no dispute about it. Rather, the dispute and ". obstruction is related to the lack of a quorum, which is a two-thirds majority And he considered, "The same names were kept for the presidential candidates, and the nomination window was not opened again except for once after excluding Mr. Hoshyar Zebari. The legal and constitutional terms have not started yet because the constitution did not address this legislative deficiency at all, and the other evidence that the terms have not expired is a text Article 76 of the constitution, which grants .other periods of 105 days after the election of a new president for the country
The bonds of cohesion are beginning to disintegrate.. the framework reveals the fragmentation of the tripartite alliance, "a "change that hits expectations
The coordinating framework announced, today, Wednesday, the beginning of the fragmentation of the Triple Alliance and the start of its signs of disagreements between the Speaker and his first deputy, indicating that forming a government without the framework means going towards a .dangerous and cruel slide
The leader in the framework, Jabbar Al-Maamouri, said in an interview with (Baghdad Today), that "the tripartite alliance relied in its formation on temporary ".interests, and we expected its collapse at any moment
He added that "the signs of fragmentation showed their initial features in the differences and the struggle over the presidency between the Speaker of Parliament and his first deputy," noting that "the framework is the largest cohesive bloc, and a ".government cannot be formed without it
Al-Maamouri added, "The formation of any government without the framework means that the country is going into a dangerous and very harsh slide for the ".country
Al-Araji discusses with the US ambassador to Baghdad this file.. Get to know it
On Wednesday, National Security Adviser Qassem Al-Araji discussed with the US ambassador to Baghdad, Matthew Tueller, the file of Al-Hol camp .
And the media office of the National Security Adviser stated in a statement, "Al-Araji received in his office the American ambassador in Baghdad, Matthew Tueller, and reviewed with the American ambassador the latest developments in the political and security situation, at the regional and international levels, as well as discussing ways to enhance cooperation between Baghdad and Washington at the various levels." all ".
Al-Araji stressed the "importance of investing in the UN truce in Yemen and creating opportunities for understanding between the Yemeni parties ."
The meeting witnessed, according to the statement, "discussing the file of al-Hol border camp, and ways to support Iraq in the field of rehabilitating some detention centers ."
Parliamentary Finance sets $75 oil price in the 2022 budget
The Parliamentary Finance Committee set, on Wednesday, April 6, 2022, the appropriate price for selling a barrel of oil within the draft federal budget law for the year 2022, while indicating that the Food Security Law .will address the problem of delaying the approval of the budget Committee member Mishaan al-Jubouri said in a statement to a local satellite channel, which was followed by the .obelisk, that setting $75 per barrel of oil within the budget is logical in light of the rise in the markets
He added that any talk about reducing the price of the dollar against the dinar is not economical, and the government, the Minister of Finance and the Central Bank believe that it poses a long-term danger to the Iraqi economy, and this is .something that never happens
He pointed out that addressing the delay in approving the budget will be through the Food Security Law, which is being discussed now within the Parliamentary Finance Committee, pointing out that the goal of this law is to provide .all emergency funds that the government cannot use and spend on them according to the 1/12 system
He added that the coverage of that money is done from the financial abundance due to the rise in oil prices, it goes to .the fund in which 25 trillion or a little less will be placed, and the other part goes to repay the public and private debt
The most important thing that Al-Kazemi spoke during the opening of the quarterly operations conference of the Joint Operations Command 2022
The Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, congratulated all cadres of the Ministries of Defense and Interior, the Popular Mobilization, the Counter-Terrorism Service, the National Intelligence Service, the National Security and all security agencies on the occasion of the holy month of Ramadan, to you and to all your families, and to our dear people, perpetuity of pride.
Opening the work of the quarterly operations conference of the Joint Operations Command 2022, he said , "Today we are together to evaluate what has been accomplished during this chapter of the work of joint operations and in all sectors, and I say that you have a great responsibility to protect our country and our people in order not to repeat the failures of the past, and with your presence there will be no transgression." On the dignity of Iraqis, explaining that the martyrs and their families have a special place in our culture and guidance, because they are the reason for our existence today in the shadow of security and preserving the dignity of Iraqis.
He added , the message must reach everyone that the Iraqis are united, and that the work of our security and military institutions in all its forms is an integrated work that plays its role in building Iraq, where there is still a need for intelligence work, and we must move within the proactive work to protect Iraqis, because our first task is to preserve Iraq's security And the Iraqis, and we have to adopt a future vision to confront the security challenge and anticipate terrorism.
Al- Kazemi called for building institutions without stopping, as Iraq still has a lot of support required for security institutions in terms of equipment, training and material support. He also called for avoiding sectarian, sectarian and regional headlines. It is our right to have a religious and cultural affiliation, but Iraq remains the biggest title that we must preserve and protect.
He continued , "The intelligence and national security services must bear the responsibility of activating the intelligence effort and assigning the rest of the security services to carry out proactive actions against the enemy." He explained that Iraq is going through crises and will cross them and become stronger, and the political forces must assume their responsibility and be at the level of the challenge. In the near future, we must move from the militarization of society to a civil society that serves its children in education, health and a decent life.
The Commander-in-Chief of the Armed Forces issued a set of directives related to the intelligence effort, proactive operations, and training to pursue the remaining ISIS terrorist gangs, as well as work to return the remaining displaced families throughout Iraq to their areas of residence, reduce criminal crimes, strengthen borders, and confirm on the engineering voltage.
Iraq enters the "constitutional vacuum" .. and a delegation headed by Al-Amiri to meet with Al-Sadr to end the blockage
Today, Wednesday, Iraq enters a constitutional vacuum, with exceeding the deadline set by the Federal Court to elect a President of the Republic on the sixth of this month, and after Parliament has failed since its first session on February 9 to elect the president.
With the expiration of the constitutional period, attention now turns to the Federal Supreme Court, which had granted Parliament a short period, which means that if this period is exceeded, the options remain open for it to take the appropriate decision, including the possibility of withdrawing legitimacy from Parliament.
The Patriotic Union of Kurdistan revealed a proposal regarding the election of the president of the republic, and the leader of the Union, Mahmoud Khoshnaw, said that he “proposes a solution that can be followed, and that the Union presents its candidate and the Kurdistan Democratic Party as well, and the choice remains for the deputy to vote for any of the candidates.”
Khoshnaw stressed that the best solution lies in the understanding between the two Kurdish parties, and the choice for the deputy is from the "Frame, Sovereignty and Progress" blocs and other blocs.
And he indicated that the constitutional period is ambiguous about the end of the term of the president's election, and today is the last date, and this is not true. There is no constitutional vacuum, but we will enter into a political vacuum the day after tomorrow.
In turn, the former deputy from the Sadiqoun bloc, Ahmed Al-Kinani, confirmed that the insistence of Masoud Barzani, the head of the Kurdistan Democratic Party, to obtain the presidency of the Republic has political dimensions that have ominous consequences, most notably with regard to the decision of the Federal Court on oil exports.
And he indicated that Barzani's insistence on obtaining the presidential position carries many goals, most notably trying to pressure the judiciary in order to delay his decision regarding oil exports, and thus he can use this position for narrow partisan purposes.
In the context, the leader of the State of Law coalition, Turki Jadaan, revealed that there are 3 main constants in his vision to form the next government.
Jadaan said that "the coordinating framework with all its might has put in place a comprehensive initiative to end the political blockage, and it will soon be presented by a delegation headed by Hadi al-Amiri to visit Najaf and meet the leader of the Sadrist movement, Muqtada al-Sadr."
Jadaan explained that the "framework" adheres to the principle of the largest bloc, and that the selection of the next prime minister should be through the Shiite house with all its forces without exception, and that it has a say in the cabinet formation and that it be one of the competent and honest personalities.
The coordinating framework constitutes the guarantor third in the Iraqi political equation, which cannot proceed with the formation of the next government without coordination with it.
In turn, former Prime Minister Iyad Allawi stressed the impossibility of marginalizing the head of the State of Law coalition, Nuri al-Maliki, from forming the government, indicating that al-Maliki is a winner in the elections and has merits that cannot be bypassed.
Allawi was quoted as saying, “Nuri al-Maliki, despite the disagreement with him, is a big winner in the parliamentary elections and no party will be able to marginalize him (...) Sadr cannot form a majority government and end the presence of opponents, and the winners must agree and that the prime minister be chosen from the Sadrist movement while the framework agrees.” Coordination on the candidate.
Meanwhile, the leader of the State of Law coalition, Jassim al-Bayati, considered that the differences between Parliament Speaker Muhammad al-Halbousi and his deputy, Hakim al-Zamili, are the beginning of the emergence of the straw that will break the back of the tripartite alliance "the Sadrist bloc, the Alliance of Sovereignty and the Kurdistan Democratic Party", pointing out that the presence of the same superiority in the Sadrist movement will expand. To the three presidencies and this is what the coordination framework feared.
In the context, an informed political source revealed that Al-Halbousi intends to visit Najaf Governorate to meet with the leader of the Sadrist movement Muqtada Al-Sadr, indicating that Al-Halbousi may inform Al-Sadr of his intention to withdraw from the "triple alliance" in protest of the dispute with the first deputy speaker of Parliament, Hakim Al-Zamili.
A legal dispute over the end of the constitutional periods to form the government - urgent
There were conflicting legal opinions regarding the constitutional periods for the presidential elections. Will these periods end on the sixth of April, as some legal ?scholars say, or did these periods not start in the first place, as others say It seems according to these two views, we are facing a legal crisis, which can only .be resolved by the Federal Court, which must issue a ruling on the matter The legal expert, Ali Al-Tamimi, said that "the presidency of the Iraqi parliament can postpone the session to elect the new president of the republic until next April 6 only," noting that "exceeding the president's choice of the specified date is a violation ".of the decision issued by the Federal Court Al-Tamimi said in a previous press statement, “According to the decision of the Federal Court to open the door for candidacy for the position of President of the Republic for one time only No. 24 of 2022, the Presidency of Parliament has a period of 30 days in accordance with Article 72 / second of the Iraqi Constitution from March 6 to April 6 During which the President of the Republic is elected in a binding .manner He added, "After setting the date of March 26 to hold the session, in the event that the new president of the republic is not chosen, the parliament presidency can .postpone it until April 6 only. facing an insoluble failure
The legal expert indicated that, “Parliament may be dissolved at the request of onethird of the members and the approval of the absolute majority of the number of members, according to Article 64 of the Constitution or by a decision of the Federal Supreme Court if it is a referendum,” explaining that in both cases, “we will be facing new early elections, and the government will continue.” current affairs in the daily .affairs, in accordance with the same article above He pointed out that "in the event that voting begins to choose the new president of the republic, which stipulated the decision of the Federal Court to open the session for the election of the president with a two-thirds majority, 220 deputies, and to be present at the start of voting in accordance with the court's decision to open the nomination door with this percentage in the first round, adding that "If none of the candidates obtains this percentage, we will be facing a second round in which the competition is limited to the first and second winners of the highest votes, and ".whichever of them obtains the majority of votes will win the presidency He explained, "If the first gets 50 votes and the second gets 30 votes, the owner of the 50 votes is the President of the Republic and takes the constitutional oath before Parliament in the presence of the President of the Federal Court in accordance with ".Article 70 of the Constitution and Law No. 8 of 2012
And he referred to the subsequent procedures for choosing the new Iraqi president, saying, "Then the President of the Republic assigns the candidate of the parliamentary bloc the most numerous within 15 days of taking the constitutional oath, which has not been determined so far, and assigns him to form the government and the government curriculum within 30 days of his assignment, in .accordance with Article 76 of the The constitution in all its details On March 15, 2022, the House of Representatives announced the names of 45 .candidates for the presidency of the Iraqi Republic According to a statement issued by the Council, (45) candidates applied to run for the position of President of the Republic, and (5) of them were excluded for reasons related to the inclusion of some of them in the procedures of accountability and .justice, and the exclusion of others for reasons related to their university degrees The statement indicated that (40) candidates fulfilled the conditions to run for the .presidency of the Iraqi Republic stipulated by law However, the legal expert, Counsellor Salem Hawass Al-Saadi, is completely different from Al-Tamimi, and he saw, according to his legal inferences, that the constitutional .periods have not started in the first place
Al-Saadi told (Baghdad Today), "The legal periods do not start, mainly as long as the ".president has not yet been elected He explained, "The constitutional terms for electing the president do not begin until after the presidential elections, based on Article 76 of the Iraqi constitution, which states the content: If the president's elections are held, he is assigned within 15 days the most numerous parliamentary bloc to form the government, after which it will be .before the prime minister. 30 days to form the government He continued, "The legal basis that supports this legal deduction is Federal Court Decision No. 24, which interpreted Article 72 / second / b, with the President of the ".Republic continuing to exercise his duties until the election of a new president Parliament has previously held two sessions, one of them after the election of the Presidency of the House of Representatives on the seventh of last February, and the other on the twenty-sixth of this March, and in both of them it failed to achieve the quorum for their convening due to the intensification of the dispute between the tripartite alliance (the Sadrist bloc, the Kurdistan Democratic Party, the Kurdistan Democratic Party, the Alliance of sovereignty), and the coordinating framework that .includes Shiite political forces
The election of the President of the Republic requires a quorum in which the presence of representatives constitutes two-thirds of their number, that is, more than 220 deputies out of 329, which was not achieved due to the boycott of the coordination framework that represents prominent Shiite parties, such as the State of Law bloc and the Al-Fateh Alliance, the umbrella under which the loyalist popular .mobilization factions fall under. for Iran
The First Parliamentary Comment After The End Of The Constitutional Period For Electing The President Of The Republic
Representative of the Coordination Framework, Rafiq Al-Salihi, confirmed, on Wednesday, that there are no signs of holding a session to elect the president of the republic after the end of the constitutional period today.
Al-Salihi said in a statement to "Al-Maalouma", that "most of the deputies have no idea about the legal and constitutional mechanism in the event that the presidential election session is not held," noting that "it is worth the presidency of the House of Representatives to issue a statement on that."
Al-Salihi added, "The political rift between the political forces is still continuing, but he did not reveal what was reached."
It is noteworthy that the representative of the State of Law coalition, Aref Al-Hamami, criticized the presidency of the House of Representatives for not issuing a clarification statement regarding the expiry of the term of the presidential election session and what the legal and constitutional procedures will entail.
Iraq enters the constitutional vacuum stage
Iraq entered a constitutional vacuum after the parliament failed, since its first session, on February 9, to elect a president.
Forty candidates are competing for the presidency, led by the Patriotic Union of Kurdistan, the current President of the Republic, Barham Salih, and the Kurdistan Democratic Party's candidate, Reber Ahmed. According to the prevailing custom in Iraq, the three presidencies are distributed among the three components (Shiites, Sunnis and Kurds).
As a Kurd, positions in Baghdad and the Kurdistan region are divided between the two main Kurdish parties according to a written agreement between them.
Al-Maliki: We did not force one party to resort to the opposition, but the door is open for participation in the government
The leader of the State of Law coalition, Nuri al-Maliki, commented, on Wednesday, regarding the possibility of resorting to the opposition's coordination framework in light of the current political situation.
Al-Maliki answered in a televised interview that he followed, regarding the coordination framework’s allusion in a recent statement to “resort to the opposition,” saying: “There are those who want to go to the opposition, so we said that whoever goes to the opposition should not be targeted, and our statement issued in this regard was This is what it means.”
Al-Maliki stated, "We did not force one party to resort to the opposition, but the door is open for participation in the government."
However, the leader of the State of Law coalition said that "those who took the lead in assigning the formation of the government said that this side goes to the opposition, and this is unusual in the literature of the political process."
He added, "The framework never refuses to participate in the government, and if it refuses to participate in the government, there will be an imbalance in the political process."
And between, "If we go with the Sadrist movement towards forming a government, we will remain as a coordinating framework on the principle of supporting the independents and supporting the opposition without being targeted."
He pointed out that "the political process in Iraq without political consensus, the result will be the presence of terrorism, corruption, foreign ties and interference in Iraqi affairs."
Below here is the daily WOTS report for April 6th 2022, "Word on the Street"
The dollar exchange rates on the local stock exchange today, Wednesday (6 April 2022), according to the monitoring of specialists.
Baghdad - the stock exchange
147,400
—-
The price is in most Baghdad exchanges
147,000
147,750
————————
Sulaymaniyah - Bursa
147,525
——————-
Basra - Bursa
147,500
——————
Erbil - Bursa
147,450
——————
Mosul - Bursa
147,500
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1441.9000 |  1497.0000 | 1457.3000 | 1457.3000 | 1457.3000 |  0.0000 | 15:30 |
| USD/VND | 22866.0000 | 22869.0000 | 22862.7000 | 22842.7800 | 22842.7800 | 22.2500 | 03:36 |
| USD/CNY | 6.3614 | 6.3636 | 6.3739 | 6.3603 | 6.3628 | -0.0014 | 05:13 |
| USD/KWD | 0.3043 | 0.3053 | 0.3042 | 0.3041 | 0.3042 | 0.0000 | 05:13 |
| GBP/USD | 1.3084 | 1.3085 | 1.3108 | 1.3045 | 1.3069 | 0.0016 | 05:13 |
| USD/IRR | 42100.0000 | 42600.0000 | 42232.1000 | 42222.6000 | 42232.1000 | -64.5000 | 10:12 |
| USD/IDR | 14358.0000 | 14358.0000 | 14375.0000 | 14354.0000 | 14358.0000 | 0.0000 | 05:10 |
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The OPEC basket rises and records more than 108 dollars
The prices of the OPEC oil basket rose, on Wednesday, to record more than 108 dollars per barrel.
And the Organization of the Petroleum Exporting Countries stated in a report seen by Shafak News Agency, that "the price of the OPEC basket of 13 barrels of crude recorded 108.05 dollars per barrel," noting that "the price rose from the previous day by 1.82 dollars, or 1.71 percent, after recording 106.23 dollars. ".
Oil prices rose today after the United States and the European Union sought to impose sanctions on Russia, which are expected to be announced today, Wednesday, after the accusations they announced of the existence of war crimes against civilians in Ukraine following the withdrawal of Russian forces.
The Organization of Petroleum Exporting Countries (OPEC) reference basket consists of the following: Sahara Blend (Algeria), Girasole (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabie Lite (Gabon), Heavy Iran (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sidr (Libya), Pune Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Miri (Venezuela).
Iraq enters the constitutional vacuum stage
Iraq entered a constitutional vacuum after the parliament failed, since its first session, on February 9, to elect a president.
Forty candidates are competing for the presidency, led by the Patriotic Union of Kurdistan, the current President of the Republic, Barham Salih, and the Kurdistan Democratic Party's candidate, Reber Ahmed. According to the prevailing custom in Iraq, the three presidencies are distributed among the three components (Shiites, Sunnis and Kurds).
As a Kurd, positions in Baghdad and the Kurdistan region are divided between the two main Kurdish parties according to a written agreement between them.
Iraq enters the "constitutional vacuum" .. and a delegation headed by Al-Amiri to meet with Al-Sadr to end the blockage
Today, Wednesday, Iraq enters a constitutional vacuum, with exceeding the deadline set by the Federal Court to elect a President of the Republic on the sixth of this month, and after Parliament has failed since its first session on February 9 to elect the president.
With the expiration of the constitutional period, attention now turns to the Federal Supreme Court, which had granted Parliament a short period, which means that if this period is exceeded, the options remain open for it to take the appropriate decision, including the possibility of withdrawing legitimacy from Parliament.
The Patriotic Union of Kurdistan revealed a proposal regarding the election of the president of the republic, and the leader of the Union, Mahmoud Khoshnaw, said that he “proposes a solution that can be followed, and that the Union presents its candidate and the Kurdistan Democratic Party as well, and the choice remains for the deputy to vote for any of the candidates.”
Khoshnaw stressed that the best solution lies in the understanding between the two Kurdish parties, and the choice for the deputy is from the "Frame, Sovereignty and Progress" blocs and other blocs.
And he indicated that the constitutional period is ambiguous about the end of the term of the president's election, and today is the last date, and this is not true. There is no constitutional vacuum, but we will enter into a political vacuum the day after tomorrow.
In turn, the former deputy from the Sadiqoun bloc, Ahmed Al-Kinani, confirmed that the insistence of Masoud Barzani, the head of the Kurdistan Democratic Party, to obtain the presidency of the Republic has political dimensions that have ominous consequences, most notably with regard to the decision of the Federal Court on oil exports.
And he indicated that Barzani's insistence on obtaining the presidential position carries many goals, most notably trying to pressure the judiciary in order to delay his decision regarding oil exports, and thus he can use this position for narrow partisan purposes.
In the context, the leader of the State of Law coalition, Turki Jadaan, revealed that there are 3 main constants in his vision to form the next government.
Jadaan said that "the coordinating framework with all its might has put in place a comprehensive initiative to end the political blockage, and it will soon be presented by a delegation headed by Hadi al-Amiri to visit Najaf and meet the leader of the Sadrist movement, Muqtada al-Sadr."
Jadaan explained that the "framework" adheres to the principle of the largest bloc, and that the selection of the next prime minister should be through the Shiite house with all its forces without exception, and that it has a say in the cabinet formation and that it be one of the competent and honest personalities.
The coordinating framework constitutes the guarantor third in the Iraqi political equation, which cannot proceed with the formation of the next government without coordination with it.
In turn, former Prime Minister Iyad Allawi stressed the impossibility of marginalizing the head of the State of Law coalition, Nuri al-Maliki, from forming the government, indicating that al-Maliki is a winner in the elections and has merits that cannot be bypassed.
Allawi was quoted as saying, “Nuri al-Maliki, despite the disagreement with him, is a big winner in the parliamentary elections and no party will be able to marginalize him (...) Sadr cannot form a majority government and end the presence of opponents, and the winners must agree and that the prime minister be chosen from the Sadrist movement while the framework agrees.” Coordination on the candidate.
Meanwhile, the leader of the State of Law coalition, Jassim al-Bayati, considered that the differences between Parliament Speaker Muhammad al-Halbousi and his deputy, Hakim al-Zamili, are the beginning of the emergence of the straw that will break the back of the tripartite alliance "the Sadrist bloc, the Alliance of Sovereignty and the Kurdistan Democratic Party", pointing out that the presence of the same superiority in the Sadrist movement will expand. To the three presidencies and this is what the coordination framework feared.
In the context, an informed political source revealed that Al-Halbousi intends to visit Najaf Governorate to meet with the leader of the Sadrist movement Muqtada Al-Sadr, indicating that Al-Halbousi may inform Al-Sadr of his intention to withdraw from the "triple alliance" in protest of the dispute with the first deputy speaker of Parliament, Hakim Al-Zamili.
Bank for International Settlements: The world is on the cusp of a new inflationary era
The head of the Bank for International Settlements has warned that the world faces a new era of high inflation and interest rates as deteriorating ties between the West, Russia and China and the repercussions of the COVID-19 pandemic push globalization back.
The sharp rise in global energy and food prices means that nearly 60 percent of advanced economies now have year-on-year inflation above 5 percent, the highest rate since the late 1980s, while it is above 7 percent in more than half of the developing world.
"It's a key message that we may be on the cusp of a new inflationary era," Augustin Carstens, director general of the Bank for International Settlements, the umbrella group for the world's central banks, said Tuesday.
"We need to be open to the possibility that the inflationary environment is fundamentally changing... If my thesis is correct, central banks will need to adjust their policy," he added.
Carstens cited forecasts by economists that now point to inflation above 4.5 percent in the United States and most of Europe over the next two years and above 3.5 percent in many other advanced economies.
"Most likely, this will require real interest rates to rise above neutral levels for some time in order to slow down the pace of demand," he said.
Carstens urged governments to resist the temptation to try to offset the weight of inflation or higher interest rates, saying "the key to higher sustainable growth cannot be expansionary monetary or fiscal policy."
“Many of the economic challenges we face today stem from ignoring supply-side policies for the past 10 years or more.
CBI Update: Just a note:
including $24,550,000. CASH
ISX Update: not updated at time of reportShares Traded: Value Traded:
closed
All ministries included .. new directives from Al-Kazemi to provide electricity during the coming summer months
Prime Minister Mustafa Al-Kazemi issued directives to all ministries on Tuesday to cooperate with the Ministry of Electricity to provide electrical energy requirements during the coming summer months.
And the Media Office of the Council of Ministers said in a statement that, "At the beginning of the session, Al-Kazemi offered his congratulations to the Iraqi people on the occasion of the blessed month of Ramadan, and directed all ministries to work at a high pace in order to provide the best services to citizens in this holy month."
Al-Kazemi directed, according to the statement, "all ministries in cooperation and coordination with the Ministry of Electricity to provide electricity requirements for citizens during the coming summer months, especially the ministries of Oil, Finance, Industry and Water Resources, as well as emphasizing the Ministry of Electricity to make maximum efforts, in order to increase production and carry out maintenance work to avoid any potential crisis." for Electricity".
He continued, "He also directed the security ministries to protect the electric power towers, confront sabotage, and pursue terrorist and sabotage groups that are trying to target power towers with the aim of confusing the situation and destabilizing the situation."
Al-Kazemi reviewed, according to the statement, "the general conditions in the country, the latest developments in the global economic crisis, its effects on Iraq, and the follow-up to the implementation of the measures taken by the government in this regard to mitigate the severity of the crisis.
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