WOTS MON OCT 24 22 Al-Sudani: The next government will attach the utmost importance to providing and maintaining the investment environment in Iraq
Iraq is the third largest oil exporter to the Chinese government in September
Data from the General Administration of Chinese Customs showed, on Monday, that Iraq was the third largest exporter of oil to government refineries during the month of September 2022.
The administration said in a table, "Iraq was exported to Chinese government refineries during the month of September of this year." 2022, an amount of 5.153 million tons of oil, equivalent to (37.616 million barrels), equivalent to (1.253 million barrels per day), an increase of 17.11% over the same period last year.
And she added, "Chinese oil imports from Iraq during 9 months and from January to September amounted to 39.844 million tons, which is equivalent to (290.244 million barrels), down by 2.84% from the same period last year."
She added, "Saudi Arabia ranked first as the largest supplier of crude to China in September of 2022, with its exports to China reaching 7.530 million tons, equivalent to 54.969 million barrels, and then Russia came second, with its exports to China reaching 7.462 million tons, or 54.472 million barrels."
According to the table, "Angola came fourth with exports of 1.997, or the equivalent of 14.578 million barrels, and Brazil came in fifth, with exports amounting to 1.883 million tons, equivalent to 13.745 million barrels."
A representative from Al-Fateh attacks Al-Halbousi: We do not want a new dictatorship
The Al-Fateh Alliance considered the methods of Parliament Speaker Muhammad al-Halbousi and his family in Anbar province to amount to "dictatorship", while confirming the existence of a movement from Nineveh to demand the position of parliament speaker, and to prevent his monopoly over one person.
The leader of the coalition, Ali Aliwi, said, in a press interview, that "Mohammed al-Halbousi has influence and an extension that may reach dictatorship, although he now represents the front of Iraq and the Iraqis by assuming the position of head of the legislative authority."
Aliwi, Parliament Speaker, called for "the necessity of curbing this stubbornness that he and his family have, especially with these many practices that have appeared in a very negative way," noting that "his methods touched the tribal classes and areas with tribal custom, which are not commensurate with what the Al-Halbousi family is doing."
He added, "The Speaker of Parliament has to be an Iraqi, tribal, like the system in force in Anbar Governorate, and not a dictatorship."
The leader of the Al-Fateh Alliance explained that "the leaders of Nineveh Governorate demand that they have the presidency of Parliament, to prevent it from being a monopoly on it," noting that "these demands have the best luck in obtaining the position because they were theirs and were handed over to Anbar.
Parliamentary direction to gradually restore the dollar exchange rate.. document
A number of members of the Iraqi Council of Representatives demanded the inclusion of the voting paragraph on restoring the exchange rate of the US dollar against the Iraqi dinar to its previous official rate.
A member of the Parliamentary Integrity Committee, Hamid Al-Shiblawi, said, according to an official document obtained by Shafak News Agency, entitled "Reducing the dollar exchange rate", that "due to the repercussions of the rise in the exchange rate of the dollar against the dinar, which negatively affected the economic situation of the Iraqi family, which burdened the citizen." Especially those with low incomes. We, members of the attached list, ask the Presidency of the House of Representatives to include a paragraph to reduce the dollar exchange rate and gradually return it to the previous exchange rate within the work schedule of the next session in the public interest.
The list showed the signatures of 40 deputies so far.
It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign currency exchange rate (the US dollar) to be 1450 dinars, instead of 1200 dinars, for every 100 dollars, according to the state’s general budget for the year 2021 approved by the House of Representatives. .
As a result, according to specialists, the annual inflation in Iraq has risen significantly, so that all prices of materials and goods in the Iraqi market have risen significantly, which has sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.
the text:
to Mr deputy
Bassem Al-Gharabi
The dollar exchange rate was reduced
good greeting
In view of the repercussions of the rise in the exchange rate of the dollar against the Iraqi dinar, which negatively affected the economic situation of the Iraqi family, which burdened the citizen, especially those with limited income,
The members yearn for the signatories - the accompanying list linking together. We demand from the Presidency of the House of Representatives the Louvre to include a paragraph (reducing the dollar exchange rate and gradually returning it to the previous exchange rate) in the work schedule of the next session in the service of the public interest for escorts
Second
A list of the names and signatures of the ladies and gentlemen of the members
Hussein Ali currently
Hamid Al-Shiblawy
1- Dr. Salman
Al-Sudani: The next government will attach the utmost importance to providing and maintaining the investment environment in Iraq
And his media office stated in a statement received by {Euphrates News} that "Al-Sudani received the Ambassador of the Republic of South Korea to Iraq, Joy Song Soo, and they discussed strengthening bilateral relations between the two countries. And maintain them, and provide adequate protection for Korean and international companies from any attempts to obstruct their work, and this is the duty of the state exclusively.”
The Prime Minister-designate also stressed Iraq's need to strengthen partnership with countries of the world to benefit from its experiences in the fields of building and developing capacities for the economic and educational sectors, especially with countries that have successful experiences in those fields.
In turn, the Korean ambassador conveyed the greetings of the Korean government and its wishes of success for the Sudanese efforts to form a government aimed at serving the Iraqis.
Mr. Al-Hakim to the Korean Ambassador: The necessity of investing in the promising opportunities offered by Iraq
A statement by his office, which Al-Furat News received a copy of, stated that Mr. Al-Hakim stressed, during his meeting with (Song Su Joy), the ambassador of the Republic of South Korea in Iraq, "the need to benefit from the experience of South Korea in the field of construction and reconstruction, and to invest the promising opportunities offered by Iraq in all fields." issues."
And he indicated that "Iraq is open to everyone and seeks to invest its positive relations within the framework of providing services and providing job opportunities by activating and developing projects
A former Iraqi prime minister predicts: Protesters will enter our homes and drag us down
Today, Monday, the former Iraqi Minister of Communications, Muhammad Tawfiq Allawi, quoted one of the heads of the previous Iraqi governments as prophesying, that the demonstrators would enter the homes of officials in the Green Zone in Baghdad, and “dragged” them in the streets.
Allawi, a former candidate for prime minister, wrote an article on Facebook, entitled "The demonstrators will enter our homes in the Green Zone and drag us into the streets."
Allawi said, “If their concern is the personal interest and the interest of their parties at the expense of the interest of the homeland and the citizen, then it is natural for them to quarrel and disagree and each of them seeks to seize the largest number of ministries and positions, and the natural result as we witnessed is filling their pockets at the expense of the common people who suffer from poverty and starvation. And the hardship of living and the slide of the country into abyss and its destruction within a short period.
And if they are concerned with the interest of the country and the citizens, then it is natural for their word to gather around professional, competent, honest, loyal people who love their country and people, and this will lead to a major renaissance in the country, its development and prosperity, providing a affluent life for Iraqi families and achieving happiness and prosperity in a few years.
Allawi added, "In the first case, I fear that the prophecy of one of the former prime ministers will be fulfilled when he told me in the literal text: "If the situation continues, the demonstrators will enter our homes in the Green Zone and drag us into the streets"!!!!!!!
Iraqi economist: The accounting system in Iraq has been in place since 1942 and must be updated
Economic expert Dr. Safwan Qusay stressed the need to introduce electronic systems into the accounting system that has been in place since 1942, pointing out the importance of linking companies' data to an electronic system that knows all incoming and outgoing.
Qusay said: “There are demands to find a system for restricting government accounts so that the Ministry of Finance is aware of public spending in state departments through electronic connectivity, especially since suppliers, contractors and companies have an identification number issued by the Companies Registrar that shows the volume of transactions that these companies can conduct.” .
He added that "the need has become an urgent need to find a unified data window for the purpose of inquiry and can be used by all parties so that they can control the monetary movement, but the issue is still in the ministries is done manually."
And he indicated that “the responsible authorities did not set a classification for the suppliers and there is no identification number for each supplier, in addition to the lack of supervision by the Companies Registrar Department, as well as the lack of follow-up by the auditors who can check the companies’ accounts and verify the revenues and deductions, and therefore the issue needs to be rehabilitated. The accounting system in place since 1940.
The President of the Republic receives an official invitation from the Egyptian President to attend the World Leaders Summit
Today, Monday, President Abdel Latif Gamal Rashid received an official invitation from Egyptian President Abdel Fattah El-Sisi to attend the World Leaders Summit.
A statement by the Presidency of the Republic, received by (Al-Oula News), stated that "President of the Republic, Abdul Latif Jamal Rashid, received today at Al-Salam Palace in Baghdad, the Ambassador of the Arab Republic of Egypt to Iraq, Walid Muhammad Ismail," noting that "the Egyptian ambassador handed the President of the Republic a message from the President during the meeting. The Egyptian Abdel Fattah Al-Sisi includes an official invitation to participate in the World Leaders Summit to be held in Sharm El-Sheikh in its 27th session of the Conference of Parties to the United Nations Framework Convention on Climate Change.
In his message, the Egyptian president stressed, according to the statement, “the importance of transforming pledges and promises into actual implementation on the ground to implement the goals of the Paris Agreement,” noting that “climate change is the most difficult challenge facing the world today, which requires the concerted efforts of all countries to empower developing countries.” to play its role in this field.
Al-Sisi praised Iraq’s efforts in the climate change file, calling for “coordination and joint action between the two countries and support for Egypt’s efforts aimed at achieving comprehensive and ambitious results that are in the interest of the countries and peoples of the region and enhance global endeavors to confront climate change.”
While President Abdel Latif Gamal Rashid expressed his "deep thanks and gratitude for the invitation," conveying the Egyptian ambassador his sincere greetings to President Abdel Fattah El-Sisi.
He pointed out that "the depth of historical relations with the Arab Republic of Egypt and the importance of expanding horizons of constructive bilateral cooperation at various levels in order to achieve the aspirations of the two brotherly peoples for progress and well-being.
Deputy: There are no official indications that the date of the confidence-granting session has been set
Representative Muhammad Qutaiba Al-Bayati confirmed, on Monday, that there will be no session of the House of Representatives tomorrow, Tuesday.
Al-Bayati said in an interview with "Information", "There will be no session of Parliament tomorrow, Tuesday, according to the information, and we have not received anything official that indicates the existence of a session."
He added, "Any session dedicated to resolving the ministerial cabinet for the government of the designate must be preceded by consensus regarding the lists of candidates, and this has not happened so far, and the matter needs more time in terms of defining the ministries for each political bloc, and then the lists of candidates."
It is mentioned that the State Administration Alliance decided a few days ago to hold a session of the House of Representatives last Saturday, but it was postponed until further notice in order to resolve the vote on the ministerial cabinet.
Buuuut theeeeen...
The framework announces the completion of the presentation of the cab and is likely to pass it next Wednesday
The leader of the Al-Fateh Alliance, Ali Hussein Al-Fatlawi, confirmed, on Monday, that the coordination framework forces will complete his understandings regarding the distribution of ministries in proportion to the electoral weight, suggesting that the voting session on the cabinet and the electoral program will be held next Wednesday or Thursday.
Al-Fatlawi said in a statement to / the information /, that "the coordinating framework directed a few days ago the political bloc to complete its candidates for the ministries in proportion to the electoral size, and indeed that was done."
Al-Fatlawi added, "The coordinating framework presented the names of its candidates for the ministries to the Prime Minister-designate, Muhammad Shiaa Al-Sudani, to choose the best among them."
And he continued, "The confirmed information we have is that between 17 and 18 ministries have been resolved, and therefore the voting session will be announced, and as for the rest of the ministries, the Sudanese will run them by proxy until they are completed," and it is likely that "the voting session will be held next Wednesday or Thursday."
The President of the Republic receives a written message from Putin
And a presidential statement, of which {Euphrates News} received a copy, stated that Rashid "received today at the Peace Palace in Baghdad, the Ambassador of the Russian Federation to Iraq, Elbrus Kutrashev, and the latter handed President Rashid a written message from Russian President Vladimir Putin, which included congratulations and blessings on the occasion of his election as President of the Republic of Iraq. He affirmed his aspiration to strengthen the strong bilateral relations.
President Abdul Latif Jamal Rashid entrusted the Russian ambassador with "his greetings and appreciation to President Putin, stressing Iraq's aspiration towards strengthening bilateral friendly relations that bring the two countries together, and working towards expanding them in various fields of common interest in a manner that achieves the mutual interests of the two countries and peoples."
Al-Maliki to the Turkish ambassador: Iraq seeks in the next stage to enhance stability and cooperation
Head of the State of Law Coalition, Nuri al-Maliki, received, on Monday, October 24, 2022, the Ambassador of the Republic of Turkey to Iraq.
The obelisk publishes the text of the statement:
The President of the State of Law Coalition, Mr. Nuri al-Maliki, received in his office today, the Ambassador of Turkey to Iraq, Mr. Alireza Konay.
The two sides reviewed the latest political and security situation in the country, as well as bilateral relations between the two countries and aspects of cooperation in various fields, as well as cooperation in solving the water crisis that Iraq suffers from.
His Excellency pointed to the depth of Iraqi-Turkish relations and the need to strengthen them to serve the interests of the two neighboring countries, stressing that Iraq seeks in the next stage to enhance stability and cooperation with all friends and brothers.
The head of the State of Law Coalition indicated that Iraq is open to the countries of the world and seeks to invest its positive relations in the framework of providing services and providing job opportunities through the establishment of development and service projects, indicating that the new government will gain the confidence of Parliament very soon and all components of the Iraqi people will participate in its representation, calling on everyone To support Iraq in the current stage in order to enhance security and peace in all countries of the region.
For his part, Ambassador Konai expressed his country's readiness to support Iraq, stressing Turkey's keenness to respect Iraq's sovereignty and territorial integrity and its desire to strengthen bilateral relations in the interest of the two friendly peoples.
The media office of Mr. Nuri al-Maliki
October 24, 2022
The Governor of the Bank and the Minister of Finance hosted by Parliament to reduce the exchange rate
Today, Monday, the representative of the Al-Fateh Alliance, Suhaila Al-Sultani, announced the hosting of the Governor of the Central Bank and the Minister of Finance in order to reduce the exchange rate of the dollar against the Iraqi dinar.
Al-Sultani said in an interview with Al-Maalouma, that "the signatures of more than 50 deputies were collected to host the governor of the Central Bank and the Minister of Finance in the new government in order to pressure the reduction of the exchange rate, even if it was in stages or gradually."
She added, "The exchange rate must be reduced because of the difficult standard of living that the Iraqi people are experiencing now and the high rate of poverty," stressing that "the representatives who signed the exchange rate cut will present a successful financial policy on which global policies are based."
And she added, "All deputies and political blocs are determined to reduce the exchange rate, and the number of deputies who signed will increase in the coming days."
A number of deputies had announced, earlier today, the collection of parliamentary signatures from all political blocs in order to work to reduce the exchange rate of the dollar. The rise in the price of the dollar in the year 2020.
Sulaimaniyah Dollar" reveals the reasons for the decline of the hard currency against the dinar
The spokesman for the Sulaymaniyah Dollar Market announced today, Monday, that the price of the US dollar suddenly decreased against the Iraqi dinar in the region's markets today, while pointing out that there are a number of reasons that led to this decline.
The spokesman for the Sulaymaniyah Dollar Market, Jabbar Gohan, said in an interview with Shafaq News Agency, "The price of the dollar recorded, this morning, a remarkable decrease, and the exchange rate of the dollar amounted to (147,000) Iraqi dinars for every (100) US dollars, which witnessed a decline of about ( 164) dinars within hours at a new price that seems surprising to currency customers.
Guzan added that "the price of the dollar has not fallen for seven months, and it has maintained its value, which was not less than (147,500), dinars for every (100) dollars."
And on the reasons for the decline in the price of the dollar against the Iraqi dinar, the spokesman stated that “the initiative to form the new Iraqi government, and Parliament’s intention to approve the budget during the next month, in addition to the increase in the central bank’s pumping of dollars into the markets, were major reasons for the decline in the price of the dollar, as the central bank pumped during the past week. Approximately (one billion two hundred and ten million dollars)."
Jabbar demanded from the Central Bank of Iraq to "issue a decision in which the price of the dollar is established for a period of time so that the citizen is not exposed to the repercussions of the instability of the dollar price.
Al-Maliki to the Turkish ambassador: The new government will gain the confidence of Parliament very soon, with the participation of all components
The head of the State of Law coalition, Nuri al-Maliki, said on Monday that the new government that he seeks to form, Muhammad Shia al-Sudani, will gain the confidence of Parliament very soon, with the participation of all Iraqi components.
This came during a meeting in his office with Turkey's ambassador to Iraq, Ali Reza Konai, according to a statement received by Shafaq News Agency.
According to the statement, the two sides reviewed the developments of the political and security situation in the country, as well as the bilateral relations between the two countries and aspects of cooperation in various fields, as well as cooperation in solving the water crisis that Iraq suffers from.
Al-Maliki pointed to the depth of Iraqi-Turkish relations and the need to strengthen them to serve the interests of the two neighboring countries, stressing that "Iraq seeks in the next stage to strengthen stability and cooperation with all friends and brothers."
And the head of the State of Law coalition stated that "Iraq is open to the countries of the world and seeks to invest its positive relations in the framework of providing services and providing job opportunities through the establishment of development and service projects," noting that "the new government will gain the confidence of Parliament very soon, and all components of the Iraqi people will participate in its representation." ".
Al-Maliki called on everyone to "support Iraq at the current stage in order to enhance security and peace in all countries of the region."
For his part, Ambassador Konai expressed his country's readiness to support Iraq, stressing Turkey's keenness to respect Iraq's sovereignty and territorial integrity and its desire to strengthen bilateral relations in the interest of the two friendly peoples.
Extensive talks about “a bazaar for selling positions” the day after the formation of the Iraqi government
The price in some important ministries reaches tens of millions of dollars
There is talk of buying and selling ministerial and government positions in Iraq on almost everyone these days, in conjunction with the efforts made by Prime Minister-designate Muhammad Shia Al-Sudani to form a government of the Shiite "coordinating framework" forces.
Although this type of hadith is not based on conclusive evidence, it was associated with almost most of the governments that were formed in the last three parliamentary sessions (2014-2022). It is fueled by many factors, the most important of which is the loss of deep popular trust in the political parties and blocs that have perpetuated the rampant state of corruption in the country, in addition to people’s knowledge of close to certainty of large-scale buying and selling operations that have taken place and have been happening for years in most state institutions, especially the military ones.
It also fuels the theory of selling positions and people’s ratification of them, what is stated by former and current politicians and deputies of statements and public conversations about this. : “What is happening today in terms of distributing ministries and entrusting them to personalities according to affiliations and proximity to the party leader, and who pays more than millions (dollars), not on the basis of competence, confirms the deviation from the people’s demands after the October (protests) on the basis of which the government was dismissed. Dissolution of Parliament and early elections.
Al-Taiban wonders: “How can a prime minister who is governed by the will of old party leaders, whose character is worse than that of the priests of the Temple of Amun, succeed? Its tools are ministers who either bought the ministry with the people’s money, or they work with the will of the economic committees that dominate the ministry, in length and breadth.
While the independent politician Mahmoud Al-Hayani talks about the price of the sovereign ministry (defense, finance, and foreign affairs) reaching $75 million, others talk about the price ceiling reaching $200 million per ministry.
Al-Hayani said in a press statement: “There are disputes over the ministries in the cabinet of the person in charge of forming the government, Muhammad Shia Al-Sudani. The price of sovereign ministries reached $75 million, while the price of service ministries is less than that.”
In turn, the representative of the “coordinating framework” Ali Al-Fatlawi denies the issue of selling ministerial positions, and says in press statements: “All news and information that talk about the existence of sales of ministerial portfolios in the government of Muhammad Shia Al-Sudani, are incorrect, and they are just rumors aimed at falsification.” and disturbing public opinion.
He pointed out that the Prime Minister-designate "chooses the members of his cabinet according to specific criteria that he set, and he refuses to impose any name on him from the political blocs and parties."
For his part, the head of the Academic Center for Political Thinking, Ihsan Al-Shammari, believes that it is “very difficult to be certain about the issue of buying and selling ministerial positions,” despite his acknowledgment of the existence of “political money networks that dominate the political space in the country.”
Al-Shammari told Asharq Al-Awsat: “Yes, there is effective political money. But I feel that the issue of buying and selling has become a kind of counter-propaganda. The effects of money and power are undeniable; But it has become part of the competition, and the loss of space in the executive authority pushes some parties to this kind of talk.”
He adds: “There may be (sales and purchases). But I do not imagine it at the level that puts all the ministries in the buying and selling market. Nothing is completely tangible. What is required of the Prime Minister-designate is to block any deal of this kind.”
Al-Shammari continues: "The money is there, and the politicians are working hard to acquire some positions, and the matter does not include - perhaps - all ministries."
The conflicting statements plunge the dollar below its official price
The exchange rates of the US dollar continued to decline, on the main stock exchange in .Baghdad, to record less than 145,000 dinars, the lowest in two years The (Baghdad Today) reporter said that the central stock exchanges for selling the dollar registered this afternoon 145,250 Iraqi dinars, compared to 100 US dollars, after they .opened in the morning at a price of 146000 Iraqi dinars He pointed out that buying and selling prices decreased in money exchange shops in the local markets in Baghdad, where the purchase price amounted to 144,250 Iraqi dinars .per 100 US dollars
According to observers, the turmoil in the official exchange rates of the dollar, amounting to 1460 dinars to the dollar, fell due to the media statements of deputies regarding .Parliament's intention to return the exchange rate to 1200
Al-Mandalawi assures the US Ambassador in Baghdad the Parliament's keenness to strengthen relations between the two countries
The First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, confirmed to the American ambassador in Baghdad, Alina Romanowsky, the parliament's keenness to strengthen relations between the two countries.
A statement by Al-Mandalawi's office said, "The meeting discussed the importance of the new government being strong and responsive to the aspirations of the Iraqi people, and seeking balanced relations at the regional and international levels, and supportive of the country's full stability, and for the House of Representatives to exercise its legislative and oversight role in following up on the implementation of its duties within the government curriculum."
Al-Mandalawi stressed, “The House of Representatives is keen to strengthen relations with the United States of America in the economic, political and cultural fields.
Iranian President: A strong and independent Iraq will be influential in achieving regional security
Iranian President Ebrahim Raisi stressed, on Monday, that the existence of an independent and strong Iraq would affect the achievement of regional security.
Raisi said in a congratulatory telegram to President Abdul Rashid Latif, received by "The Information", that "the brotherly relations between the Islamic Republic of Iran and the Republic of Iraq are not limited to geographical borders or the relations of the two governments, but stem from the depth of civilization, cultural and popular roots in history."
He added, "We are making all our efforts to enhance, deepen and develop cooperation between us through rapprochement and cooperation between the two brotherly countries," stressing that "a prosperous, independent and strong Iraq, and by playing a positive and constructive role, will be influential in achieving the security of the region."
He explained that "the Islamic Republic of Iran has always supported the political process based on the voices of the people in the Republic of Iraq and will spare no effort to strengthen the bonds of brotherhood for the two countries."
He concluded: "While I wish the new government success in achieving the prosperity and development of Iraq, I hope that the relations between the two countries will deepen more and more."
Revealing the “ideal solution” .. an economist comments on the requests of deputies regarding the exchange of the dollar
Today, Monday, the economic expert, Dia Al-Mohsen, commented on the requests of members of the House of Representatives to return the dollar exchange rate to its previous era, while revealing an “ideal solution” to achieve additional revenues and revive the economy instead of reducing the dollar.
Al-Mohsen said in an interview with / the information agency, that "the issue of restoring the dollar exchange rate at the present time is useless, given that there are no real economic justifications that give importance at the present time," noting that "the responsibility of the Central Bank is to monitor the market and given that the Iraqi economy is market and that The exchange rate of the dollar is controlled by supply and demand and nothing else.
He added, "The Iraqi government is required to revitalize the economy and important sectors such as agriculture and industry, instead of restoring the exchange rate to what it was, which may cause a major shock that may exceed the shock that occurred in 2021."
The economic expert explained, "There is a large abundance of foreign currencies through which the government can revive the Iraqi economy," noting that "there is a lot of manpower that can be put into these projects, which may generate additional financial revenues."
Earlier, the representative of the Al-Fateh Alliance, Suhaila Al-Sultani, confirmed that the Governor of the Central Bank and the Minister of Finance will be hosted in order to pressure the devaluation of the exchange rate.
Sadr's new statement on obedience to the grassroots
Saleh Muhammad al-Iraqi, nicknamed the minister of the leader of the Sadrist movement, Muqtada al-Sadr, published a new statement by the latter regarding obedience to the popular bases
I am very proud and honored that He blessed me with the rules
people, and making them the best visible signs of obedience, so they do not deviate from commands and prohibitions.
Your brother Muqtada al-Sadr
Clarification from the Central Bank regarding the possibility of changing the exchange rate of the dollar
The response of the Central Bank of Iraq to the attached to its letter No. 181 on 6/12 202 addressed to Mr.
It is worth noting that the decision to change the exchange rate is a national strategic decision that is not linked to interim conditions, and that the negative results that may have resulted from it, can be avoided by financial and governmental measures to support the vulnerable groups, and to improve the vocabulary of the financing card, rather than reversing this important decision.
Please tell us about the possibility of changing the exchange rate
Higher on a lot of positive important, including the dismissal of ports
2021 compared to - 2000, and that bitter
that sticks the generosity
The current exchange will, and one of them is in severe obligations, including part of the loan
Which contributes to strengthening public financial pain, increasing support for the common classes and financing administrative projects
luxuriant.
With regard to changing the exchange rate, we would like to point out the following:
To a change in the exchange rate during short referrals, the breaking of the loving markets, the stagnation of investment, the economic stagnation, and the weakening of confidence in monetary policy and the value of the local currency, and also contributes to the sharpness of speculation in security currencies and the increase in their disregard as a haven for what and a store of value more than the currency
The change in the exchange rate came to remedy the gap between the peripheral value of the national currency (the dinar) and its nominal value, as the dollar was pouring at a low exchange rate, which gives a highly competitive advantage to imported goods and services, preventing the rise of the national product, while raising the exchange rate constituted a drastic change. In front of the importer and a competitive advantage for the national product equivalent to the rate of change in the exchange rate (about 23%).
A parliamentary move faces an economic challenge.. the dollar exchange rate in front of two options, the best of which is "bitter"!
Parliamentary moves appear clearly during the formation of the new government to return the dollar exchange rate back to what it was before, to address the economic reality that has been greatly affected by the “unfair” decision taken by the caretaker government, but the real desire may be shocked by the economic challenges and the cost of restoring the price , which is an obstacle to his return again.
On December 19, 2020, it was officially announced that the foreign exchange rate (the US dollar) would be 145,000 dinars for every $100, according to the state’s general budget for 2021 approved by the House of Representatives.
*"return cost"
“Every action has a reaction.” Raising the dollar exchange rate must bring negative results that may appear sooner or later on the Iraqi government, and these results may cost the country trillions of dinars in return for bringing it back to what it was before.
In this regard, the economic expert, Nabil Al-Marsoumi, determined the financial cost of returning the dollar exchange rate to before 2020 levels.
Al-Marsoumi states in a post on his Facebook page and seen by / the information / that "the annual financial cost of restoring the dinar exchange rate to what it was previously amounts to about 25 trillion dinars." He added, "The cost is renewable every year and is not a one-time cost."
Today, Monday, the dollar exchange rates witnessed a decline in the local markets.
And the selling prices of the dollar were 146.400 dinars per 100 dollars, while the purchase prices of the dollar were 146.300 dinars per 100 dollars.
*"Parliamentary Actions"
The high cost of living due to high prices, twice what it was before the vote to raise the price of the dollar in 2020, prompted the presence of actual moves by members of the House of Representatives to lift the country’s economy out of the miserable state it reached as a result of the Al-Kazemi government’s decision.
For her part, a member of the House of Representatives, Zahra Al-Bajari, revealed that parliamentary signatures were collected to include a paragraph to gradually reduce the price of the dollar to protect the Iraqi citizen from the unfair decision of the Al-Kazemi government to raise the price of the dollar.
And Al-Bajari indicated, in a statement received by / the information /, that "the Iraqi parliament is starting to move towards voting on re-exchange of the dollar and gradually reducing the price to protect the consumer and the Iraqi citizen."
She pointed out that "41 parliamentary signatures were collected to issue a parliamentary decision to reduce the price of the dollar."
In turn, the representative of the Al-Fateh Alliance, Suhaila Al-Sultani, confirmed, today, Monday, that the House of Representatives will host the Governor of the Central Bank and the Minister of Finance in order to reduce the exchange rate of the dollar against the Iraqi dinar.
Al-Sultani said in an interview with "Al-Maalouma", that "the signatures of more than 50 deputies were collected to host the governor of the Central Bank and the Minister of Finance in the new government in order to put pressure on reducing the exchange rate, even if it was in stages or gradually."
She added, "The exchange rate must be reduced because of the difficult standard of living that the Iraqi people are experiencing now and the high rate of poverty," stressing that "the representatives who signed the exchange rate cut will present a successful financial policy on which global policies are based."
And she added, "All deputies and political blocs are determined to reduce the exchange rate, and the number of deputies who signed will increase in the coming days."
* Economic analysis
For his part, the economic expert, Dia Al-Mohsen, considered restoring the dollar exchange rate at the present time to be useless, and would cause a major economic shock in the Iraqi market.
Al-Mohsen said in an interview with / the information agency, that "the issue of restoring the dollar exchange rate at the present time is useless, given that there are no real economic justifications that give importance at the present time," noting that "the responsibility of the central bank is to monitor the market and given that the Iraqi economy is market and that The exchange rate of the dollar is controlled by supply and demand and nothing else.
He adds, "The Iraqi government is required to revitalize the economy and important sectors such as agriculture and industry, instead of restoring the exchange rate to what it was, which may cause a major shock that may exceed the shock that occurred in 2021."
He points out, "There is a large abundance of foreign currencies through which the government can revive the Iraqi economy," noting that "there is a lot of labor that can be put into these projects, which may generate additional revenues."
The caretaker government often boasts about raising the financial stockpile that arrived by chance, taking advantage of the rise in international oil prices and the weight of the citizen’s priest by raising the exchange rate on him and devaluing the local currency. The suffering facing the Iraqis does not stop at a certain limit, and it will continue until the coming of the government of “the people’s creation.”
The October 25 demonstrations.. 10 security directives, most notably "live bullets" and "smoke smoke"
The General Command of the Iraqi Armed Forces issued, on Monday evening, ten directives to the security forces regarding dealing with demonstrators and ensuring the necessary protection for them.
Demonstrations by Tishreen supporters took place on the first of this month in Al-Tahrir and Al-Nusour Squares in Baghdad, commemorating the third anniversary of their "uprising" against the current political class.
The demonstrators threatened the political class, to return on the 25th of the month, which falls on Tuesday, to commemorate the same day three years ago, which witnessed a widespread protest against the political situation in the country.
In this regard, the Personal Secretary of the Commander in Chief, Lieutenant General Muhammad Hamid, directed, according to a book issued by the office of Prime Minister Mustafa Al-Kazemi, received by Shafaq News Agency, to "prevent the use of live bullets (fire bullets and rubber gear) and smoke bombs," stressing that " Any action otherwise, commanders and commanders found to have used live ammunition will be held accountable within their sphere of responsibility."
According to the book, the inspection bodies in the security and military services will inspect the units charged with protecting the demonstration yards and confirm that they are not carrying any firearm or offensive means, calling on all security and military agencies to “instruct officers, ranks, and associates to secure protection for the demonstration yards.”
According to the book, Hamid addressed the security services to "employ human, information and technical resources to accomplish the tasks entrusted to them," noting that "the numerical density is important in controlling the entrances and exits of the demonstration squares and providing protection for the demonstrators, by deploying inspection units in anticipation of any illegal weapon and its confiscation in The state of proximity to the demonstration squares, as well as the protection of government headquarters, buildings and infrastructure.
The book issued by the Office of the Commander-in-Chief directed to “disseminate the intelligence effort to obtain proactive information by diagnosing rioters, restraint, professional and humanitarian dealings, and not to engage in friction to prevent quarrels,” stressing the need for “leaders and commanders to be at the head of their units, to take the necessary measures.” To act under the directives of the Commander in Chief.
Security forces begin erecting concrete blocks on the "People's Stadium" bridge in Baghdad
A security source said, on Monday evening, that the Iraqi security forces began erecting concrete blocks on the "People's Stadium" bridge, east of the capital, Baghdad.
The source told Shafaq News Agency, "The security forces have started erecting concrete blocks on one side of the People's Stadium bridge, and within the coming hours the bridge will be completely out of service."
Earlier in the day, the security forces closed the entrance to the Sheikh Omar area, in the center of the capital, Baghdad, with concrete barriers, and cordoned off the perimeter of Tahrir Square, coinciding with the anniversary of (October 25, 2019), and the possibility of new demonstrations starting on Tuesday morning.
Demonstrations by Tishreen supporters took place on the first of this month in Al-Tahrir and Al-Nusour Squares in Baghdad, commemorating the third anniversary of their "uprising" against the current political class.
The demonstrators threatened the political class, to return on the 25th of the month, which falls on Tuesday, to commemorate the same day three years ago, which witnessed a widespread protest against the political situation in the country.
The central bank resolves the controversy over the dollar exchange rate plan
On Monday, the Central Bank of Iraq resolved the controversy over the devaluation of the dollar against the dinar, in response to a report by a member of the Parliamentary Finance Committee, Nermin Maarouf.
Nermin said in a statement that (Al-Oula News) received a copy of it, "A few days ago, as the Finance Committee in the House of Representatives, we asked the Governor of the Central Bank about rumors of a depreciation of the dollar against the dinar, in response to a report we sent."
The deputy added, that the Central Bank replied, "that it does not intend to change the value of the dollar for several reasons, as the current exchange rate of the dollar achieved some positive results and reduced the government budget deficit to a good degree, although the government was able to pay off some of its internal and external debts."
The bank explained, according to Nermin, that "changes in the dollar exchange rate in the near future will create a state of instability in the currency market, cause distrust of the dinar, negatively affect economic activity and the investment situation, and increase speculative activity in the currency."
The bank's answer also stated, "The devaluation of the dinar against the dollar will enhance the competitiveness of local products and reduce the demand for foreign imports."
The bank stated, “With regard to the negative impact of the current dollar exchange rate on people’s livelihoods, especially for the poor, the central bank believes that the government can provide aid and assistance to these groups and improve food stamps to mitigate the consequences of dollar appreciation instead of returning it to its old value.
List of closed roads in the capital, Baghdad, on the occasion of the 25th of October
publishes the security situation in the capital, Baghdad,(
and the most prominent closed roads in preparation for the demonstrations tomorrow, Tuesday, on the occasion of the .commemoration of October 25 According to security sources, who spoke to (Baghdad Today), he cut off most of the streets surrounding the approaches to Tahrir Square, including the closure of the AlSinak and Al-Jumhuriya bridges, in addition to closing Al-Jumhuri Street leading to AlKhilani Square, as well as closing the Green Gate in Sabbat from the side of the .Supreme Judicial Council In addition to closing the road to the aviation yard from the direction of Al-Ghazali cemetery with concrete blocks, as well as closing the entrance to the Sheikh Omar .area in central Baghdad with concrete blocks Tishreen demonstrators and forces are mobilizing for protests tomorrow, Tuesday, to .commemorate the October 25 demonstrations that started in 2019
Selling price: 146.400 dinars per 100 dollars
Purchase price: 146.300 dinars per 100 dollars
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1415.0000 |  1475.9000 | 1458.1000 | 1458.0000 | 1458.0000 | 0.5000 | 08:44 |
| USD/VND | 24830.0000 | 24880.0000 | 24843.4900 | 24836.9200 | 24843.4900 | -7.6100 | 04:10 |
| USD/CNY | 7.2617 | 7.2637 | 7.2621 | 7.2421 | 7.2429 | 0.0189 | 05:13 |
| USD/KWD | 0.3099 | 0.3109 | 0.3099 | 0.3098 | 0.3098 | 0.0000 | 05:11 |
| GBP/USD | 1.1333 | 1.1334 | 1.1405 | 1.1297 | 1.1322 | 0.0036 | 05:29 |
| USD/IRR | 42100.0000 | 42600.0000 | 42378.5000 | 42358.6000 | 42378.5000 | -13.8000 | 12:11 |
| USD/IDR | 15596.0000 | 15605.0000 | 15612.0000 | 15521.0000 | 15531.0000 | 75.0000 | 05:28 |
Iraq is the third largest oil exporter to the Chinese government in September
Data from the General Administration of Chinese Customs showed, on Monday, that Iraq was the third largest exporter of oil to government refineries during the month of September 2022.
The administration said in a table, "Iraq was exported to Chinese government refineries during the month of September of this year." 2022, an amount of 5.153 million tons of oil, equivalent to (37.616 million barrels), equivalent to (1.253 million barrels per day), an increase of 17.11% over the same period last year.
And she added, "Chinese oil imports from Iraq during 9 months and from January to September amounted to 39.844 million tons, which is equivalent to (290.244 million barrels), down by 2.84% from the same period last year."
She added, "Saudi Arabia ranked first as the largest supplier of crude to China in September of 2022, with its exports to China reaching 7.530 million tons, equivalent to 54.969 million barrels, and then Russia came second, with its exports to China reaching 7.462 million tons, or 54.472 million barrels."
According to the table, "Angola came fourth with exports of 1.997, or the equivalent of 14.578 million barrels, and Brazil came in fifth, with exports amounting to 1.883 million tons, equivalent to 13.745 million barrels."
Additional postponement and a new date for the announcement of the Sudanese booth
a member of the State of Law coalition, Rasoul Radi, suggested today, , Sunday, that the person in charge of forming the government, Muhammad Shia Al-Sudani, will present his cabinet next Thursday, indicating that AlSudani will distribute 23 ministerial portfolios according to electoral .points
Radi said in a televised statement, which was followed by (Baghdad Today), that "the person assigned to head the government, Muhammad Shiaa Al-Sudani, is working silently, along with a committee to select ministers, and has not been assigned an official spokesman, and the political blocs are working with him directly according to ".their entitlements
He added that "23 ministries will form the Sudanese government and will be distributed among the political blocs according to points," stressing that "there are many proposals, including presenting 3 candidates for each ministry and leaving the .choice to the designated prime minister
Next Thursday is a date for announcing the formation of the government and " .voting on it in Parliament
This is the first announcement of an additional extension of the date of the government's announcement, after speculations that the session will be held .between Monday and Tuesday of this week
A representative from Al-Fateh attacks Al-Halbousi: We do not want a new dictatorship
The Al-Fateh Alliance considered the methods of Parliament Speaker Muhammad al-Halbousi and his family in Anbar province to amount to "dictatorship", while confirming the existence of a movement from Nineveh to demand the position of parliament speaker, and to prevent his monopoly over one person.
The leader of the coalition, Ali Aliwi, said, in a press interview, that "Mohammed al-Halbousi has influence and an extension that may reach dictatorship, although he now represents the front of Iraq and the Iraqis by assuming the position of head of the legislative authority."
Aliwi, Parliament Speaker, called for "the necessity of curbing this stubbornness that he and his family have, especially with these many practices that have appeared in a very negative way," noting that "his methods touched the tribal classes and areas with tribal custom, which are not commensurate with what the Al-Halbousi family is doing."
He added, "The Speaker of Parliament has to be an Iraqi, tribal, like the system in force in Anbar Governorate, and not a dictatorship."
The leader of the Al-Fateh Alliance explained that "the leaders of Nineveh Governorate demand that they have the presidency of Parliament, to prevent it from being a monopoly on it," noting that "these demands have the best luck in obtaining the position because they were theirs and were handed over to Anbar.
CBI Update: Just a note:
including $39,700,000. CASH
ISX Update: NOT UPDATEDShares Traded: Value Traded:
No comments:
Post a Comment