Central Bank of Iraq reserves return to levels before ISIS war Iraq News For August 11, 2022
The Central Bank Announces An Increase In Its Cash Reserves To 82 Billion Dollars
On Thursday, the Central Bank of Iraq revealed that cash reserves had risen to $82 billion, as well as an increase in its gold balance to record levels.
The official spokesman for the Central Bank, Omar Asim, said in a statement reported by the official "Al-Sabah" newspaper, which was seen by "The Information", that "the bank's reserves currently amount to 82 billion dollars."
Assem added, "Iraq also advanced 10 ranks in the table of countries with the most gold, to become the thirtieth in the world and fourth in the Arab world, as its total possessions exceeded 130 tons, after purchasing an additional 34 tons, and this came within the bank's policy to achieve stability and ability to confront Local and international economic variables.
Gold is one of the most important assets held by central banks and international financial institutions, due to its acceptance at the level of international dealings.
Central Bank: Iraq advances 10 ranks in the list of countries with the most gold
The Central Bank of Iraq revealed that cash reserves have risen to $82 billion, as well as an increase in its gold balance to record levels.
Expectations indicate that reserves will grow more and reach the threshold of $90 billion by the end of this year, a record level for Iraq.
The official spokesman of the Central Bank, Omar Asim, said in a statement to the official newspaper, followed by "Nass" (August 11, 2022), that "the bank's reserves currently amount to 82 billion dollars."
He added that "Iraq also advanced 10 ranks in the table of countries with the most gold, to be in the thirtieth place globally and fourth in the Arab world, as its total possessions exceeded 130 tons, after purchasing an additional 34 tons, and this came as part of the bank's policy to achieve stability and the ability to face economic changes." local and international.
Gold is one of the most important assets held by central banks and international financial institutions, due to its acceptance at the level of international dealings.
Kurdish Parliamentarian: Baghdad's Position Is A Compliment To The Parties In Power In Kurdistan
A member of the Kurdistan Regional Parliament, Diary Anwar, confirmed, on Thursday, that the position of the federal government and the caretaker head of the caretaker government, Mustafa Al-Kazemi, was a compliment to the ruling parties in Kurdistan.
Anwar said in an interview with the "Information" agency that "the government should have taken firm stances, stood with the demonstrators in the region, and prevented assault and abuse by the security services of the power parties in the region."
He added, "The silence of Al-Kazemi and the government in general expresses a compliment to the mediation parties at the expense of defenseless citizens who were subjected to all kinds of insults just because they tried to express their opinion."
Demonstrations erupted in Sulaymaniyah last Saturday, but the authority in Kurdistan confronted them with a large campaign of arrests and used force against them
Kurdish Forces Are Quarreling Over 13 Controversial Files, One Of Which Is The “Peace Palace”
The independent Kurdish politician Bashar Darani revealed on Thursday that there are 13 controversial files between the Kurdish forces, one of which is the position of President of the Republic.
Darani said in a statement to "Al-Maalouma", that "the differences between the Kurdish forces, especially the Union and the Democratic Party, cannot be limited to a personal nomination for the position of President of the Republic. directly".
Durrani added, "The recent meeting of the Kurdish forces showed the depth of the differences between its poles, and that attempts to unify opinions are very difficult, especially since the Democrat is trying to monopolize power in the Kurdistan region directly, and this has raised the concern of its partners in the political process."
He pointed out that "the possibility of uniting the views of the Kurdish forces is very difficult, but they agree that changing the Iraqi constitution is a red line, with reservations about any step to re-election at the present time."
New Turkish bombing targets Dohuk - urgent
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Today, Thursday, a security source said that a new Turkish bombing targeted Dohuk Governorate.
He added that "the bombing targeted the PKK members, and destroyed part of the orchard
"Get ready to support reform."..Sadr's minister calls on provinces to hold mass demonstrations tomorrow - Urgent
The Minister of the leader of the Sadrist movement, Saleh Muhammad al-Iraqi, called today, Thursday, for mass demonstrations in all provinces, while recommending that the sit-in should continue.
Muhammad al-Iraqi said in his blog post, which was followed by Alsumaria News, “The reform-lovers should prepare (to support reform) by gathering each in his governorate, and at five o’clock tomorrow, Friday, you will be rewarded with the best reward and stay until further notice from this page, not the forged pages, for several reasons:
First: Envying the corrupt... and you do not tread on any foothold that enrages the corrupt except that a good deed is written for you with it.
Second: Fill out legal forms to be submitted to the judiciary in order to dissolve Parliament.
Third: Condolences to the Ahl al-Bayt, peace be upon them, on the third imam: the day of burial of pure bodies
spending funds from the ESFL in 90 days!!!
Amanat Baghdad: Al-Rasheed Street will be a large green area
Today, Thursday, the Baghdad Municipality has set the date for receiving its allocations from the Emergency Support Law for Food Security and Development, and while noting that the opening of the Liberation Monument will be in the coming days, she confirmed that Al-Rasheed Street will be a large green area .
The Director of Relations and Information in the Municipality of Baghdad, Muhammad Al-Rubaie, said, "The Mayor directed that priority be given to the secondary streets in Baghdad, after the completion of the main streets," stressing that "work is underway seriously and is accelerating to accomplish the tasks of the Municipality such as covering roads and projects services related to the cleaning process and the process of ending problems." services, and striving to gradually end them .
Al-Rubaie added, "During the next 90 days, the Municipality of Baghdad will receive food security allocations, in addition to its self-financed budget ."
He pointed out that "the Mayor of Baghdad directed, according to the Prime Minister's directives, to work on the renaissance of Baghdad and to support the projects of Al-Rashid Street, squares and aesthetics, and refused that Baghdad should be chaos, especially by furnishing and organizing streets, organizing advertisements, and increasing the density of green spaces," noting that "the Prime Minister was briefed on Al-Rasheed Street project, which will be a large green area, according to the directives of the higher references, and its continuous follow-up, especially the latter .
He pointed out that "Al-Hassanin Square opens with a new statue and monument from the work of the Municipality of Baghdad under the supervision of the Mayor of Baghdad and Adviser to the Prime Minister Sabah Mashtaat, in addition to the Association of Banks with its support for this project, as well as the Nation's Garden and the Liberation Monument, which the coming days will witness its opening ."
And Al-Rubaie said, "Work is underway to restore life to Al-Rasheed Street and complete the Al-Rasheed and Al-Mutanabbi project, the second, which is the last part of Al-Rasheed Street, which is from the Great Gate to Al-Mutanabbi ."
The framework .. calls on its supporters to demonstrate in front of the Green Zone tomorrow
The coordination framework called on its supporters, after the leader of the Sadrist movement, Muqtada al-Sadr, announced a one-week deadline before the Iraqi judiciary, to dissolve Parliament and set a date for early elections.
The framework stated in a statement that “our belief in the necessity of standing with the legal and constitutional steps to defend the state’s judicial and legislative institutions, and in order to expedite the formation of a national service government with full powers, and in order to preserve national gains, we extend an invitation to our people to actively participate in the demonstrations (the people). protects the state) which will be on the green walls.”
The statement added that "the demonstration will be next Friday at five in the afternoon from the side of the suspension bridge."
Supporters of the coordination framework had previously demonstrated near the suspension bridge leading to the Green Zone on August 1, in response to the Sadrist movement's storming of the parliament building at the time.
But supporters of the coordination framework withdrew after about an hour and a half from the start of the demonstration, following friction with the security forces charged with the tasks of protecting the Green Zone.
The coordination framework for dissolving the House of Representatives requires the formation of a new government headed by the candidate who will present it, which means the election of a president of the republic, provided that the new government leads a transitional phase that ends with early elections.
The political crisis in the country is still strong, as Iraq has been experiencing complete political paralysis since the legislative elections in October 2021.
Cabinet decides to raise a category of employees
Cabinet spokesman Hassan Nazim announced, on Thursday, that the Council approved the launch of promotions for holders of middle school certificates from employees after approving the budget.
Nazim said during a press conference that I followed, that "the country needs wisdom and sacrifice," noting that "working without budget is a great challenge."
He added, "The Council of Ministers agreed to launch promotions for holders of middle school certificates from employees," noting that "the Council decided to continue with the agreement to sell fuel to the Lebanese side."
Nazim confirmed that "Prime Minister Mustafa Al-Kazemi directed the ministers to be on the ground in Basra, starting next week.
The required amounts shall be financed from within the budget law allocations for the year 2023.
The Council of Ministers, during its session held today, Thursday, issued several decisions.
The Prime Minister's Media Office said in a statement, "The Council of Ministers held its twenty-ninth regular session, headed by Prime Minister Mustafa Al-Kazemi, and hosted the Governor of Basra, who in turn provided an extensive explanation of the service reality of the province, the great challenges it faces, and the most important needs and requirements that enable the improvement of infrastructure. And raising the level of services there, and the most important solutions developed to address the existing problems.”
The statement added, "After discussing what was presented, the Council of Ministers voted to meet the needs of Basra Governorate from service projects provided by its governor."
The Council of Ministers, which is entrusted with the minister's powers to administer the Ministry of Electricity, hosted the meeting, where it reviewed the current reality of electricity, the problems facing the ministry, and the mechanisms adopted to overcome the problems of the electrical system, in order to ensure the provision of electrical energy to the maximum.
The session witnessed a review of the epidemiological report, the continuous efforts of the Ministry of Health in following up on the Corona pandemic, and providing the necessary medical supplies to confront it.
After discussing the issues on the agenda, the Council of Ministers issued, according to the statement, the following decisions:
First / Approval of the recommendation of the Ministerial Council of Economy regarding my projects (consulting mega projects in the Ministry of Planning), and (monitoring and controlling mega projects/advisory tasks for the ministries of (Finance and Planning).
Second / agree to the following:
1. Authorizing the Undersecretary of the Ministry of Foreign Affairs for Political Planning Affairs, the authority to negotiate and sign draft memoranda of understanding with the countries mentioned in the paragraph below.
2. The Ministry of Foreign Affairs approves the entry stamp for holders of diplomatic, service and special passports for nationals of the following countries: (China, Russia, the Sultanate of Oman, the State of Qatar, the Arab Republic of Egypt, and the Republic of Sudan), upon entry and exit to and from Iraqi airports and border ports, on the basis of the principle of treatment Likewise.
3. The Ministry of Foreign Affairs adopts what is stated in Paragraph (1) above, in coordination with the Ministry of Interior, and implements this with other countries that wish to conclude such an agreement in the future with the Republic of Iraq.
Third / Approval of the amendment of Paragraph (Third) of Cabinet Resolution (94 of 2010) regarding the recommendations of the Job Grade Review Committee, as follows:
1. Launching the promotion of the preparatory certificate holders exclusively to the (third) degree, provided that this does not result in the creation of new job titles.
2. The Ministry of Finance, the Ministry of Planning and the Federal Service Council shall undertake to amend the job description approved by the ministries and entities not affiliated with a ministry in a manner that ensures that those mentioned in paragraph (1) above of this decision reach the third degree.
3. This decision shall be implemented upon approval of the next federal general budget law.
Fourth / agree to the following:
1. Adoption of the recommendation of the Ministry of Foreign Affairs regarding the opening of an embassy of the Republic of Iraq in the Irish capital Dublin instead of a general consulate, based on the provisions of Articles (25) and (26) of the Foreign Service Law No. (45 of 2008), provided that opening it does not lead to an increase in Numbers of workers in diplomatic missions, taking into account the notes of the legal department in the General Secretariat of the Council of Ministers, which are confirmed by its memorandum numbered (M/S/2/4/11/191 LQ) dated June 23, 2022.
2. The required amounts shall be financed from within the budget law allocations for the year 2023.
A Legal Expert Explains The Possibility Of Dissolving The Judiciary In The House Of Representatives
Legal expert Ali Al-Tamimi explained, Thursday, in detail the possibility of the House of Representatives by the Supreme Judicial Council after the recent invitation of the leader of the Sadrist movement, Muqtada Al-Sadr, while the first and last opinion is due to what the Federal Court sees.
Al-Tamimi said in a statement to “The Information” that “there are two opinions regarding the issue of dissolving Parliament by the Federal Court: The first is that Parliament may not dissolve it by the judiciary in accordance with the Constitution based on Article (64) of it, where the constitution is permitted only in two cases, the first at the request of a third of the members of the House of Representatives and by a vote The absolute majority and the second at the request of the Prime Minister to the President of the Republic, and this case cannot take place because the government is a caretaker government only, and therefore only Parliament is the one who dissolves itself.”
He added, "As for the opposite opinion, it is that the Federal Court has the right to dissolve Parliament in accordance with Article (59) of the Civil Code related to constitutional institutions, which indicates (if the constitutional institutions fail to carry out their tasks, the judiciary can be dissolved)."
Al-Tamimi explained that “the Federal Court does not move automatically except by a claim submitted to it by any party to take the decision,” noting that “the final say remains with the Federal Court.”
The Popular Movement Attacks The Hostile Security Law: A Law To Loot Iraqi Money
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A member of the coordinating body of the popular movement, Hussein Ali Al-Karaawi, confirmed, on Thursday, that the food security law was initiated to achieve the interests of its legislators, and with evidence that it does not affect the life of the citizen.
Al-Karaawi said in a statement to "The Information", "The doors of the hostile security law started against the interests of the Iraqi citizen. Neither the ration card has improved nor the electricity that it has any effect. On the contrary, what happened happened to complete the organized looting of Iraqi money."
He added that "the forces that insisted on its legislation reaped the fruits of their insistence, while the suffering of the Iraqi people increased," noting that "the passage of these thefts without a clear position on the part of many political forces is evidence of their partnership with such thefts."
And the representative of Basra Governorate, Ali Abdul Sattar, had confirmed in a previous statement, that the food security law that the House of Representatives voted on is dead.
Al-Fateh Waives Al-Sudani In Exchange For Agreeing To Form The New Government
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On Thursday, the representative of the Al-Fateh Alliance, Mueen Al-Kazemi, revealed the discussion of the alternative for the coordination framework candidate for the prime minister, Muhammad Shia Al-Sudani, in the event that dialogues closed on the latter in order to form a government.
Al-Kazemi said in an interview with Al-Information, that "the coordinating framework does not adhere to a certain personality for the position of prime minister, but rather his quest is to form a government that works to solve the current crises and the suffering faced by the citizen."
He added, "Despite the acceptance of the person of Muhammad Shia Al-Sudani from all the political forces participating in forming the government, as well as the international support for him, the Coordinator will nominate an alternative to him in order to reach satisfactory results for all in forming the government."
He continued, "The committee that was formed under the leadership of the head of the Al-Fateh Alliance Hadi al-Amiri sent a direct invitation to the leader of the Sadrist movement, Muqtada al-Sadr in order to conduct a national dialogue that includes all political blocs, given that dissolving parliament and holding early elections is a decision that must be agreed upon by all political blocs, not the Shiite component." Just".
And he indicated that “holding new elections requires planning and a program that guarantees their success,” adding that “there are political blocs that support amending some paragraphs of the election law, and proposing a time for new elections.
A patriotic call to the sons of Iraq.. The protests in Paradise Square tomorrow evening are the last fortresses of the civil state, so do not let them down
In a very delicate and sensitive circumstance, and while the combatants put their hands on the handles, and at the height of escalation and absence of vision, and the spread of fears, and the growth of evil flowers in the souls of those who struggle for power, the authority of financial and administrative corruption and sectarian and national quotas, the non-affiliated citizen finds himself bewildered Everyone is fighting in his name and speaking about him, while he did not authorize any party to talk about him, nor did he authorize any party to express his demands.
In the face of this disregard for the public, and the blatant confiscation of the will of the people, those independents find themselves in dire need to say their final word, and to end this farce, but how does this happen?
The answer is simple, when the arena produces a third color, outside the black and white dichotomy in which the Iraqi street is crammed, yes a color for all those silent, absent, marginalized excluded, who did not find in the political body someone to express their demands, or take their rights, and stop the process of silver fragmentation that It deals with the post-2003 Iraq parties.
The demonstrations in Paradise Square called for by the civil, democratic, liberal and independent forces, and the people's associations. The nation’s elites, the competencies, and all the social activities that have found themselves outside the political body for years, are a very sure and very valuable opportunity for the world and its international organizations to hear the popular protest voice free of impurities and the interests of the parties, and free from the demagogy of the forces that have controlled the scene for two decades.
It is therefore a clear and unambiguous call, raising its national awareness to the position of expressing the interests of the nation, transcending the language of ethnic, religious and social quotas, and launching into a wide space of the formation of unseen forces, but they are the strongest in the Iraqi arena.
We hope that tomorrow, Friday, in Al-Firdaws Square at six o'clock in the evening, will be a broad popular forum and a good forum through which the Iraqis will say their final word on what is happening after the media machine has disappeared these voices, and their presence has been blinded for many years.
We are waiting for another Iraqi dawn, and for the cloudy picture to become clear, with the birth of an Iraqi national movement outside of all rusty frameworks, and that transcends every decade a political process that has exhausted its energy, and is now looking for a solution outside the box.
So we will meet tomorrow at six o'clock in Paradise Square.
Al-Kazemi complains that the caretaker government will remain for 9 months and calls for a solution to the budget issue
Prime Minister Mustafa Al-Kazemi complained, on Wednesday, that the caretaker government that he heads has remained for 9 months without being able to form a new one during this period of time that followed the early legislative elections in the country, warning at the same time that Iraq will remain without A financial budget for the year 2022, which is nearing completion.
After the framework statement, the Minister of Sadr addresses his supporters: Prepare for tomorrow
Minister of the Sadrist movement Muqtada al-Sadr, Saleh Muhammad al-Iraqi, called today, Thursday, the supporters of the Sadrist movement in all provinces to prepare for tomorrow, Friday.
Another great speech by Kazemi
Al-Kazemi calls on the political blocs to cooperate with the government to find a solution to the budget issue
Thursday, the Prime Minister, Mustafa Al-Kazemi, called on the political , blocs to cooperate with the government to find a solution to the budget .issue Al-Kazemi said during the opening of the cabinet session that was held today, according to a statement issued by his media office and received (Baghdad today): "I offer my deepest condolences on the occasion of Ashura, the anniversary of the martyrdom of Imam Hussein (peace be upon him), from which we draw inspiration from the values of sacrifice, justice, and fighting injustice, We are inspired by the spirit of belonging to the homeland and humanity, and the importance of building ”.nations on the basis of justice He added, "We started with this government together by facing major economic, security, political and health challenges, and we accepted the challenge, and for nearly two and a half years we are still working on overcoming all obstacles in very ".complex circumstances He continued: "Iraq faces a real political problem in the post-election stage, and it needs a solution, and the solution requires dialogue, wisdom, and sacrifice, as Imam Hussein (peace be upon him) sacrificed for the sake of justice, values, and religion, as well as political leaders are required to present sacrifices for the sake of the
tical blocs to cooperate with the government to find a solution to the budget issue .homeland, and for the sake of our children He added, "The challenges we face are reflected in the performance of the government and all Iraqi state institutions. This government spent 28 months, and it is unfortunate that during this period there was only a budget for 6 months, so how "?can the state work in the absence of a budget Al-Kazemi continued: "We are going through a difficult period, and with all this we have worked to overcome many problems. There were lagging or failed projects that had been planned for many years, and we worked to revive them and turn them into opportunities for success, in rebuilding lagging hospitals and other projects related to electricity, oil, gas, and alternative energy; But without a balance, people's lives will ".be disrupted He pointed out, "We are now in the eighth month of 2022, and there is no budget, and the imbalance is not in the government, but because of the existing political situation, so how do we build schools, pave roads and build projects with the absence of political consensus on forming a government or finding a solution to the ".political blockage And he indicated that "the issue of the budget is a very serious matter, and we have good financial abundance and we need to invest it in rebuilding infrastructure and
achieving the demands of our honorable people. Iraqis deserve to see their country preserving the dignity of its citizens, and wishes to see their children in good schools, ".reasonable roads and effective government institutions He added: "We were late 17 years ago and now we have a chance, and this government was at the same distance from everyone and focused on the technical side more than the political side, and for this I say: We stand in the middle of the road, and at the same distance from everyone, and therefore I hope the political ".blocs will support This government is to do its job He explained, "We have provided money for electricity and health projects and lagging projects. We must work with all our might to help our children, and people ".expect a lot from us, and this is their right to demand the government He pointed out: "It is unfortunate what is happening, as our people do not deserve this circumstance, but rather deserve the best and that we sacrifice for the sake of the people and the future. The political dispute has begun to reflect on the service reality in the state, and therefore we must look for a solution and invite everyone to ".dialogue in all seriousness He stressed that the Prime Minister, "Dialogue is the only solution to solve our problems and we have no other, but resorting to methods of media escalation, social media, spreading chaos and frustration among people, this will not help in building the modern democratic experience. We are a young democracy, and we need to act .in accordance with wisdom and reason
He stressed that "it is for the citizens to know that every day it is delayed in finding a solution to the political impasse, the government is restricted, and it is in a situation ".where it is difficult to carry out its duties He continued, "The caretaker government according to the constitution, its work is supposed to be associated with a short period and not stay for nine months without a new government, and it is unreasonable for the government to remain tied, and the constitutional timings have been exceeded, and we are required to remain a ".caretaker government; this is not possible He noted "the need for the political blocs to cooperate with the government to find a solution to the issue of the budget, and we are ready to help and play our role as an ".executive authority in accordance with the law He continued: "We have accepted the responsibility in order to spare the people's blood. We came in difficult circumstances and despite the absence of all the ingredients for success, and thank God, the government succeeded in providing an achievement within a short period, in providing work that the government did not achieve except in two sessions. We have the ability to continue serving our people." , But there should be real political support for the government instead of political disputes. There are parties that always turn the conflict toward the government, and the government has nothing to do with it, as we are not a party to the political ".conflict Al-Kazemi stressed by saying: "Whoever thinks that this government is working to strain the atmosphere is mistaken. We have said since the first day: We are ready to
hand over power to any elected government, and at the moment when the political blocs agree, we are ready. And what is the talk about the government or the Prime Minister working? For obstructing the formation of the government or the solution is ”?nothing but nonsense. Who would accept to stay in these difficult circumstances And he indicated that "the story is not a position story, but a success story, either we are successful and accept the challenge, or the political blocs have to accept their role to find a solution to the blockage, so that we can move towards a bright Iraq with an opportunity for hope, and we must be optimistic, and that there is no solution but Through dialogue, as I mentioned yesterday, a week ago, and I repeat it now: A thousand years of dialogue is better than a single moment in which there is a .clash between Iraqis He stressed that "Iraqi blood is precious, and our people have suffered a lot for the past 70 years, and therefore we must not devote a culture of self-destruction and the destruction of historical opportunity. Iraq can be today in an advanced position, with capabilities, wealth and financial abundance that help us build our country. In the two years, we restore our relations with all countries of the world, and Iraq has become a point of meeting and integration with others, in order to serve our people .and the peoples of the region The Prime Minister concluded by saying: "We presented an initiative and it was approved by most of the political blocs, and we are still working to create an opportunity for dialogue. We must preserve our democratic system, and we must
correct if there are wrong paths or there are paragraphs in the constitution. Correction or change must be That there is agreement on it from all the Iraqi ”.people
The coordinating framework puts pressure on Al-Halbousi to reconvene the House of Representatives in an alternative location
The representative of the coordination framework, Intisar Al-Moussawi, confirmed that he had collected more than 170 signatures to hold an emergency session of the House of Representatives, noting that we have not received any response from the Presidency of Parliament so far.
Al-Moussawi said in a press statement, "More than 170 signatures were collected for the purpose of holding an emergency session regarding services and the current situation in any place determined by the Presidency."
She added that "the framework's deputies are still pressing the parliament's presidency to hold the session until we have not received any response from the parliament's presidency so far," noting that "the parliament is competent to hold sessions to legislate laws and the disruption is incorrect."
And the representative of the State of Law coalition, Muhammad Chihod, had confirmed in a previous statement that the meetings of the Iraqi parliament in any other place depend on the agreement of the two Kurdish parties on the issue of the presidency of the republic, noting that there are good signs to resolve the agreement on the presidential candidate by the Yekti and the party.
The call: Initiatives are just slogans, and the framework seeks to hold parliament sessions
The Deputy Secretary-General of the Dawa Party, the Iraq Organization, Khaled Al-Asadi, confirmed today, Thursday, that the coordinating framework focused on forming the blocking third and did not seek to disrupt the political process, explaining that all the political initiatives that were launched are just slogans and propaganda for the parties that launched them, while revealing that the framework seeks to hold sessions Parliament is elsewhere.
Al-Asadi said in an interview with the Alana program, which is broadcast by the channelSumeriansatellite, that "demonstrationsSadrist MovementThey are dense and they have an obedient audience, and the size of the demonstrations is not surprising, but we were surprised by the proposals that called for the overthrow of the political process, Parliament and the Judicial Council, and escalation in this direction is what was surprising because two months ago they were part of the political process
He added that "the coordinating framework focused on forming the blocking third and did not seek to disrupt the political process, and the last solution was that the Kurds did not agree on the position of the president of the republic and not the choice of the prime minister."
Al-Asadi indicated that "the past elections were marred by a lot of corruption, forgery, manipulation and foreign interference, and those who wanted their failure made them take place in this way," noting that "the October revolution was a revolution with a political agenda and not a popular revolution because those like it joined the political process as parties and entities
He stressed that "all the political initiatives that were launched were not accepted and were just slogans and propaganda for the parties that launched them," explaining that "the Dawa Party did not launch an initiative to solve the crisis because it will not reach a result, because unless we achieve consensus among the political forces, these initiatives will not work." .
And Al-Asadi said that "there is a possibility to dissolve parliament, but according to the understanding between the political forces, because there are specific mechanisms for dissolving parliament. Either it is dissolved on a constitutional basis or a popular basis, and the popular basis will not lead to anything due to the different orientations between the political parties."
He pointed out that "the coordinating framework seeks to hold parliament sessions in another place to solve the crisis of forming the next government," noting that "there are parties seeking to fabricate Shiite-Shiite fighting between the framework and the current, and there are those who look at this fighting," stressing that "whoever wants to avoid escalation will seek dialogue
Central Bank of Iraq reserves return to levels before ISIS war
The Central Bank of Iraq (CBI) announced that its cash reserves rose to 82 billion USD, which is the level prior to ISIS war, and advanced 10 ranks in the list of countries with the largest gold reserves in the world, with 130 tons.
The spokesperson for the Central Bank of Iraq, Omar Essam, indicated that the bank’s cash reserves rose to 82 billion USD, and is expected to reach 90 billion USD by the end of 2022.
The bank’s cash reserves witnessed a significant decrease after the Ministry of Finance withdrew 12 trillion dinars in a first step, and 14 trillion dinars in a second step at the end of 2020 because of the financial crisis caused by the Corona pandemic and the drop in oil prices.
In regards to gold reserves, Essam explained that Iraq possesses 130 tons of gold, and is among the countries with the largest gold reserves. He added that Iraq is now ranked the 30th globally and the fourth in the Arab world.
Member of the Parliamentary Finance Committee, Jamal Cougar, elaborated that Iraq’s reserves before the ISIS war ranged between 81-82 billion USD, but they decreased after the ISIS war to about 38 billion USD during the times of former prime ministers Haider Al-Abadi and Adel Abdul Mahdi.
Cougar also talked about gold reserves and mentioned that the world is heading towards gold and not the US dollar as a reserve for central banks. He added that the reserves were in gold before they become in US dollars.
Cougar indicated that there is a Russian-Chinese effort to end the dominance of the US dollar and restore the position of gold, clarifying that there are countries fear that the dollar will lose its position.
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