Starting tomorrow... the Central Bank of Iraq is moving to reduce the price of the dollar (document)
this wording is a little different
The Central Bank of Iraq decided, on Sunday, to increase the weekly sales of the US dollar in the currency auction, in an attempt to restore the exchange rate to its previous state. hmmmm
According to a document issued by the bank, which was seen by Shafaq News agency, and addressed to mediation companies for the sale and purchase of foreign currencies, it stated, "Based on the objectives of this bank to achieve stability in the general level of prices and exchange rates and to meet the high demand for foreign currency in the local markets, it was decided to increase the weekly share For cash sales in dollars, starting tomorrow, Monday.
The bank affirmed its readiness to meet the needs of all citizens of foreign currencies according to the purposes allowed to be financed legally, in addition to financing electronic payment cards that are used in payment operations outside Iraq at an exchange rate of 1470 Iraqi dinars per dollar, while adhering to what was stated in the controls for selling foreign currency for the year 2021 as well as Anti-Money Laundering and Terrorism Financing Law No. 39 of 2015.
According to the document, the bank determined the earnings of companies according to their classification, whereby category A companies receive one million and 800 thousand dollars per week, category B companies receive 750 thousand dollars per week, category companies receive 80 thousand dollars per week, and banks receive 200 thousand dollars per week.
The Central Bank decides to increase the sales ceiling for travelers and the delegated employee
To / banks, all exchange companies and brokerage in buying and selling foreign currencies
m cash sales of the dollar to the traveling citizen
good greeting ....
Further to our Circular No. 2/6/2647 on 9/22/2022, which includes the controls for buying and selling foreign currency for the year 2021, and as a result of the high level of global inflation and the resulting increase in travel and living costs worldwide, and to meet the requests of traveling citizens in a way that suits their needs of foreign currency while traveling This bank decided to increase the ceiling of sales of a dollar shown in Paragraph (Fourth / 13) of the aforementioned controls, to become (5000) dollars for a traveling citizen or fired employee during one month.
with respect.
9:15 AM
m cash sales of the dollar to the traveling citizen
good greeting ....
Further to our Circular No. 2/6/2647 on 9/22/2022, which includes the controls for buying and selling foreign currency for the year 2021, and as a result of the high level of global inflation and the resulting increase in travel and living costs worldwide, and to meet the requests of traveling citizens in a way that suits their needs of foreign currency while traveling This bank decided to increase the ceiling of sales of a dollar shown in Paragraph (Fourth / 13) of the aforementioned controls, to become (5000) dollars for a traveling citizen or fired employee during one month.
with respect.
9:15 AM
Parliamentary Finance suggests that the Iraqi Council of Ministers vote on the "2023 budget" in its next session
The Finance Committee in the Iraqi Parliament suggested, on Sunday, that the Iraqi Council of Ministers will vote on the federal budget law for the year 2023 in its next session.
A member of the Finance Committee, Nermin Maarouf, told Shafaq News agency; "The general budget law for the year 2023 is supposed to reach Parliament in October, but the delay in forming the government caused a delay in its approval by the Council of Ministers and sending it to Parliament."
And she added; "The Ministry of Finance will complete the preparation of the draft general budget law, and during the coming days, the Finance will send the budget law to the Council of Ministers for approval."
Maarouf continued; "The Council of Ministers may vote in the Tuesday session of this week on the draft budget law."
Directing the Iraqi government to activate Article 140.. Will it renew Baghdad's differences with Kurdistan?
Last Monday, the announcement by the Iraqi Minister of Justice, Khaled Shawani, of the approval of the Iraqi Prime Minister, Muhammad Shia'a al-Sudani, to reconfigure the Supreme Committee to activate Article 140 of the constitution - related to disputed areas between the federal governments and the Kurdistan region - sparked widespread controversy in the political and popular circles.
The committee is scheduled to start its work within 10 days, according to Shawani (a leader in the Patriotic Union of Kurdistan) in a post on his Facebook page, and indicated that the agreement on reactivating the committee comes within the government program for the Sudanese.
This came after a meeting held by the "State Administration" coalition, which includes most of the political forces participating in the government, at the house of the President of the Patriotic Union of Kurdistan, Pavel Talabani, in Baghdad, in the presence of the heads of the Sudanese government and parliament, Muhammad al-Halbousi, and the heads of political blocs and parties.
In addition, the decision to form the committee - which was suspended in 2014 - revived fears that it would cause a rift in the political situation again between Baghdad and the region, especially as it is a central point of contention between the two parties due to the failure to reach solutions during the period of successive governments after the US invasion, as well as what could be It may result from interactions at the security level in the disputed areas, especially Kirkuk Governorate (north of Baghdad).
But Benkin Rikani - a member of Parliament for the Kurdistan Democratic Party and former Minister of Construction and Housing - believes that the implementation of Article 140 will have great positive repercussions, such as the Kurds' feeling that they are first-class citizens, and will also contribute to achieving lost security in the disputed areas.
He assured Al-Jazeera Net that the agreement on reactivating the committee concerned with forming the article was within the agreement of all the signatory forces on the document establishing the State Administration Coalition during the political understandings about forming the government, and that failure to adhere to these pledges makes each political party absolved of its obligations, which threatens the future of the government.
he State Administration Coalition is a political alliance that was formed last September from the coordination framework (Shiite forces other than the Sadrist movement), and all the Sunni forces represented by the "Resolve" and "Sovereignty" coalitions, in addition to the two Kurdish parties, the Patriotic Union of Kurdistan and the Democratic Union, and the Babylonian Movement on behalf of the Christians. .
Rikani believed that re-forming the Article 140 Committee, compensating those included in it among the Kurdish victims and other affected people, and returning the residents who were transferred by the former regime to their original areas, would achieve stability, especially in Kirkuk.
He pointed out that the agreement this time took place through understandings to form the Sudanese government, unlike all previous agreements, as it included a document signed by all parties.
An eye on Kirkuk
On the other hand, Jawad al-Ghazali, a member of the House of Representatives for the State of Law bloc, believes that the pressures from the Kurdish side regarding the activation of Article 140 approved in the 2005 constitution aim to seize Kirkuk, which contains great wealth.
In an interview with Al-Jazeera Net, Al-Ghazali indicated that the activation of this article without taking into account the legal and constitutional articles and the referendum on the popular Iraqi position of the majority will lead to very big problems, which may lead to a "civil war", noting that the governments of Baghdad and the region must resort to studied political solutions that pour into The benefit of the people.
conflict areas
The central government in Baghdad and the Kurdistan region of Iraq has been fighting for years over several areas in governorates inhabited by a mixture of nationalities and sects: Arabs, Kurds, Turkmen, Muslims, and Christians. These areas are distributed between the governorates of Kirkuk and Nineveh in the north, Diyala in the center, and Wasit in the south.
Regarding the reactivation of the committee concerned with resolving the dispute over those areas and their repercussions, Hadi al-Salami, a member of Parliament independent of the Imtiad movement, believes that this article was found due to a regional conflict and partisan interests, far from the national interest and is subject to objection, indicating - at the same time - that the objection It is not based on a national standpoint, but in order to find legislation of a national nature based on citizenship.
Al-Salami said - in his speech to Al-Jazeera Net - that all experiences have proven that those who dominate the political scene are the cause of instability, and not the article itself despite reservations about it, indicating with regard to the issue of deportees and arrivals to those areas - during the previous regime and what followed - that the citizen The right to own property and live in any part of the homeland, and he has the right to stay in it or settle in another location if he was previously forced, stressing that talking about expatriates is no longer useful, as there was an Arab dispatch process before 2003, there is also a Kurdish dispatch process after that, As he says.
Regarding the government's seriousness in committing to activating the committee, Jaya Taymur, a member of the House of Representatives for the Patriotic Union of Kurdistan, says that the committee concerned with activating Article 140 was within the framework of the Sudanese government's approach and the state administration coalition agreement, and therefore non-implementation represents a breach of promises and generates bitterness among the Kurds, which leads to It may prompt them to request internationalization of the case and international arbitration, pointing out at the same time that the chances of applying the article will remain weak in light of the current circumstances and the prevailing political mentality.
And Taimur indicated - to Al-Jazeera Net - that the issue of Kirkuk represents a sensitive issue and a time bomb between the region and Baghdad, as it is liable to explode at any moment, so all parties must strive to find a just and implementable solution from a sincere national spirit far from sectarian and nationalist bias, and to do justice to those They were discriminated against by previous governments.
Meanwhile, the researcher in Iraqi political affairs, Muhammad Naanaa, believes that a governmental committee whose work is limited to preparation cannot fully resolve the issue of Article 140, specifically with regard to the most complex point in it, which is the issue of Kirkuk, indicating that the text of the article contains 3 executive obligations. Therefore, time does not allow a government that has committed itself to early elections within a year or a year and a half to conduct all of this.
A press conference held by the head of the Turkmen Front, Hassan Turan, with representatives of the Turkmen parties in Baghdad (Iraqi Press)
Fears of war
On the other hand, the Turkmen parliamentarians, who are concentrated in Kirkuk, expressed yesterday, Saturday, their position rejecting the application of Article 140 of the Iraqi constitution, warning at the same time of the possibility of a "civil war" breaking out in the disputed Kirkuk governorate between Erbil and Baghdad in the event of proceeding with the procedures. application of this article.
This came in a joint press conference held by the head of the Turkmen Front, Hassan Turan, with representatives of the Turkmen parties and representatives of the component on Saturday in Baghdad.
Turan told Al-Jazeera Net that Article 140 had previously failed and will fail in the future to find sustainable solutions to the issue of the disputed areas, especially Kirkuk, considering that the article represents the point of view of the Kurdish side only.
e warned that seeking to hold a referendum on the fate of Kirkuk might lead to a war between the components of the province, based on what was confirmed by the United Nations in its report on the disputed areas in the years 2008-2009, he said.
Turan expressed his condemnation of the exclusion of the Turkmen component from the negotiations to form the Sudanese government, while the government program included items related to Kirkuk, where the Turkmen are concentrated, "which must be remedied
Legal opinion
For his part, legal expert Ali Al-Tamimi commented on the constitutional procedure to activate the committee concerned with the implementation of Article 140, by saying that Federal Court Decision 71 of 2019 confirmed the survival of the article and the need to implement it, as stipulated in the constitution by normalization, referendum, and determining the will of the voters, which the article required its application at the end of 2007.
Commenting on the existing controversy, Al-Tamimi believes - in his speech to Al-Jazeera Net - that the legal committee in this case is the most important, and that the solution is represented in parliament enacting a special law that dismantles and clarifies all the problems, indicating that there is no need for international intervention, given that the issue is internal and specific to Iraq alone. It can be resolved through constitutional means.
According to Article 140 of the Iraqi constitution, which was approved in 2005, the future of the disputed areas is determined in 3 stages, starting with normalization by returning non-native residents to their areas after financial compensation, then conducting a census of its population, to be followed by a popular referendum on its ownership of the government of Baghdad or Erbil, and this is done by Through the Supreme Committee for the implementation of the article
There's a lot of IRaninan back politicians in these pictures
A deputy calls on the Sudanese government to submit the general budget law and confirms its postponement until after the parliament recess, if it is delayed
Today, Saturday, the representative of the State of Law Coalition, Muhammad Al-Ziyadi, revealed the latest developments in approving the general budget, calling on the government to send it to the House of Representatives before the sixth day of this month.
Al-Ziyadi said in a press interview, "The House of Representatives worked, through the internal system, to extend the second legislative term of the first year in order to work on approving the general budget," noting that "the government must send the general budget before the sixth day of this month."
He added, "The Ministry of Finance and the concerned authorities continue their work in order to complete the inclusion of all paragraphs in the general budget."
And he continued, "If the government succeeds in sending the general budget to the House of Representatives, the latter will continue to hold sessions until it is approved without going to the legislative recess."
Former Kurdish deputy: Sending the budget is linked to the Baghdad and Erbil agreements
Former member of Parliament Ghaleb Muhammad confirmed, on Sunday, that the dispute over the oil of the Kurdistan region in the budget law still exists, indicating that the issue of sending the budget to Parliament is linked to the agreement between the center and the region.
Muhammad said, in a statement to Al-Maalouma, that "the regional government still has not complied with the Federal Court's decision regarding handing over the region's oil to the SOMO company," noting that "the region's delegation's discussions with the government did not result in reaching any agreement."
He added that "attempts are being made to reach an agreement on a formula that is not subject to any appeal to the Federal Court in the event that the budget is approved, based on the Federal Court's decision, which obligated the regional government to hand over all the oil produced on its territory to the central government."
The Kurdistan Region had pledged to hand over 250,000 barrels of its daily production, which exceeds 400,000 barrels, to the central government through the Ministry of Oil, in return for receiving the salaries of the Peshmerga fighters.
Al-Maliki: The Sudanese government inherited a difficult legacy
Member of Parliament Raed al-Maliki called, on Sunday, the government of Muhammad Shiaa al-Sudani to present a clear vision to diversify sources of income, eliminate unemployment, encourage the private sector, and return domestic and foreign investment, while indicating that the government inherited a difficult legacy.
"The current government inherited a difficult legacy of economic and financial challenges," al-Maliki said in an interview with Al-Maalouma agency, noting that "what is currently required of the government is to improve the standard of living, provide services, re-evaluate projects and activate the private sector."
He added, "The Sudanese government is waiting for a package of economic and political reforms, especially with the continued increase in oil production and the improvement in its prices."
Al-Maliki pointed out that "everyone hopes that the Sudanese government will be able to fulfill its obligations to move the economy forward, end the crisis of low level of services in the country, and work to employ the unemployed."
The Prime Minister, Muhammad Shia'a al-Sudani, stressed the need for health infrastructure services projects to be among the priorities of the governorates' plans.
Nader's video
Al-Sudani meets with the Governor of the Central Bank and confirms the continuation of the financial and economic reform program for the financial and banking system
The Prime Minister, Muhammad Shia'a Al-Sudani, met with the Governor of the Central Bank.
Al-Sudani affirmed the continuation of the financial and economic reform program for the financial and banking system
Today, Sunday, Prime Minister Muhammad Shia Al-Sudani met with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif.
The media office of the Prime Minister stated that "Al-Sudani met with the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, following up the progress of organizational work and the policies of the Central Bank in the financial and monetary sectors." According to the statement received (Baghdad Today).
He added, "Al-Sudani listened briefly to the progress of the regulatory work and the policies of the Central Bank in the financial and monetary sectors." He directed: "To conduct the necessary treatments to provide foreign currency in the local market in accordance with the mechanisms and legal systems of the Central Bank, and also to provide it to citizens wishing to travel or receive treatment outside Iraq."
The Prime Minister affirmed, according to the statement, "the continuation of the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum, to lead the national economy to steady growth, which will reflect positively on the citizens' livelihood and their level of financial empowerment."
With the jump of the dollar.. the Sudanese directs to provide foreign currency locally
Prime Minister, Mr. Mohamed Shia Al-Sudani, meets with the Governor of the Central Bank
••••••••••
The Prime Minister, Mr. Muhammad Shia'a Al-Sudani, met this morning, Sunday, with the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Makhaif.
His Excellency listened to a briefing on the progress of organizational work and the policies of the Central Bank in the financial and monetary sectors.
His Excellency directed to conduct the necessary treatments to provide foreign currency in the local market in accordance with the mechanisms and legal systems of the Central Bank, and also to provide it to citizens wishing to travel or receive treatment outside Iraq.
The Prime Minister affirmed the continuation of the financial and economic reform program for the financial and banking system, which was included in the ministerial curriculum, to lead the national economy to steady growth, which will reflect positively on the citizens' livelihood and their level of financial empowerment.
For the first time since the central bank's decision... $100 jumps above 150,000 dinars in Baghdad
link 1500 dinar to 1 dollar
The exchange rates of the US dollar against the Iraqi dinar rose today, Sunday, in the main stock exchange in the capital, Baghdad, to exceed 1,500 dinars against one dollar.
Shafaq News agency reporter said that the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded 150,100 Iraqi dinars for 100 US dollars at one o'clock this afternoon.
While the prices this morning were 149,650 Iraqi dinars for 100 US dollars.
Our correspondent indicated that the buying and selling prices increased in the exchange shops in the local markets in Baghdad, where the selling price reached 150,250 Iraqi dinars per 100 US dollars, while the purchase price amounted to 149,500 Iraqi dinars per 100 US dollars.
And at the end of 2020, the Central Bank of Iraq decided to reduce the value of the local dinar against the dollar from 1190 dinars per dollar to 1450 dinars, to contain a financial crisis that Baghdad was suffering from due to a significant decline in oil prices due to the repercussions of the Corona pandemic.
The decision caused an increase in prices in the local markets by more than 20 percent, which negatively affected low-income and middle-class people.
Al-Musawi reveals the fate of the Sadrist bloc's deputies' replacements and the date for settling the heads of parliamentary committees
MP Ahmed Al-Musawi revealed today, Sunday, the fate of the new replacements for the representatives of the Sadrist bloc, while he disclosed the date for settling the heads of parliamentary committees.
Al-Moussawi said, in an interview with Earth News, that "the new deputies who replaced the resigned Sadrist bloc deputies were distributed to the committees, but until now the names in the parliament have not been read and a vote has been made on their membership in the committees."
Al-Moussawi added, "This matter was agreed upon within the political blocs, and the representatives were divided among all the existing committees."
Regarding the election of committee chairmen, Al-Moussawi explained that “after the legislative term recess, a vote will be held on the selection of committee chairmen,” noting that “the committees are working and some of the deputies have joined the committees and are doing their work normally.”
And he stated that "we are awaiting a vote on the new deputies in the House of Representatives, and then holding elections in the committees to decide on choosing their heads."
Parliamentary recommendation to slow down in dealing with international agreements concluded by the caretaker government
link this is a different Maliki
The Parliamentary Legal Committee recommended, on Sunday, the government to slow down in dealing with international agreements signed during the caretaker government, calling on the government to reconsider all agreements.
Committee member Raed Al-Maliki said in an interview seen by / information /, that "from a legal point of view, the internal system of the Council of Ministers does not allow the government to move during the caretaker period and does not allow it to enter into obligations that have financial burdens on the country or legal effects related to state policy and extend to what after her period."
Al-Maliki added, "The Sudanese government" did not cancel all the agreements of the caretaker government, but rather worked to correct some matters related to appointments and others, and so far it has not affected decisions related to international agreements, but rather it has strengthened some agreements and went towards reassuring the other parties, which happened during a visit Sudanese to Jordan and Kuwait.
He pointed out that "the government is keen to strengthen and strengthen international relations, given that some of them preceded the Al-Kazemi government, so the Sudanese government will not deal hastily with international agreements," noting that "there are calls from Parliament to review the agreements and indicate whether they are beneficial to the status of Iraq or not."
Al-Sudani announces Iraq's participation in the Arab-Chinese Summit in Saudi Arabia
Today, Sunday, Prime Minister Muhammad Shia al-Sudani announced Iraq's participation in the Arab-Chinese summit in Saudi Arabia.
Al-Sudani's media office said in a statement received by (Baghdad Today) that "Prime Minister Muhammad Shia'a Al-Sudani received the Ambassador of the People's Republic of China to Iraq Cui Wei, and during the meeting they discussed the consolidation and development of bilateral relations between the two countries, in the economic and cultural fields, as well as in my fields." energy and investment.
And Al-Sudani indicated, according to the statement, that "Iraq has adopted the principle of balance in foreign relations, in a way that enhances its stability and achieves the interests of its people and the security of the region," noting "the government's desire to expand the horizons of bilateral cooperation with China in various sectors."
Al-Sudani confirmed during the meeting, "Iraq's participation in the Arab-Chinese summit to be held in the Saudi capital, Riyadh."
For his part, "the Chinese ambassador conveyed the greetings of the Chinese leadership to the Prime Minister, and its keenness to maintain relations of cooperation and partnership with Iraq."
The Central Bank hosts the meetings of the International Monetary Fund mission in Baghdad
The Central Bank of Iraq announced, on Sunday, that meetings of the International Monetary Fund mission will be held in the Iraqi capital, Baghdad, on Wednesday and Thursday.
The Director of the Information Office of the Central Bank of Iraq, Omar Assem, said, "The meeting will take place on Wednesday and Thursday of this week, in the presence of the Governor of the Central Bank, Mustafa Ghaleb Makhaif, the Minister of Finance, Taif Sami, and the IMF mission team, with the invitation of representatives of the ministries of planning, electricity, labor, water resources, and the environment at the meeting," indicating The meeting, on its first day, will focus on major policy challenges.
Asim added, "On the sidelines of the visit, the mission will hold its meeting on the second day with the Iraqi Company for Financing Small and Medium Enterprises, Vitas Company, and a staff from the Banking Control Department at the Central Bank of Iraq."
He stressed, "The mission's meeting with the Central Bank of Iraq aims to develop work in the banking sector in Iraq, especially as it has gained international confidence and enhanced financial inclusion, as well as strengthening global monetary cooperation and ensuring financial stability."
Masrour Barzani and the British consul discuss resolving the "problems of Erbil and Baghdad" and protecting Iraq's sovereignty
Today, Sunday, the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, discussed with the British Consul General to the Kurdistan Region, David Hunt, a number of files, including resolving the problems between Erbil and Baghdad and protecting the sovereignty of Iraq.
This came during Barzani's reception of the British consul on the occasion of the end of his duties, according to a statement received by Shafaq News Agency
At the outset of the meeting, the Prime Minister thanked the British Consul General for his duties in promoting and consolidating relations between the Kurdistan Region and the United Kingdom during his tenure, wishing him success in his future mission.
The British Consul General referred to the strength of relations between his country and the Kurdistan Region, especially after the Prime Minister's visit to Britain in April of this year, which marked a turning point in the development of relations between the two sides.
The British Consul General also expressed his appreciation and gratitude for the facilitation and coordination provided by the concerned authorities in the Kurdistan Regional Government with his country's consulate.
The meeting also dealt with the reforms implemented by the ninth ministerial formation, and the importance of resolving problems between the Kurdistan Region and the federal government, in addition to protecting the security, stability and sovereignty of Iraq and the Kurdistan Region, according to the statement.
The House of Representatives will hold its next session on Tuesday
The Presidency of the Council of Representatives decided to hold the next session of the Council the day after tomorrow, Tuesday.
In the document.. The central bank decides to increase the weekly share of dollar sales
Today, Sunday, the Central Bank of Iraq sent a notice to all exchange companies to increase the weekly share of dollar sales.
There are numbers but they didn't translate for some reason
Proceeding from the objectives of this bank to achieve stability in the general level of prices
And exchange rates and to meet the high demand for foreign currency in the local markets.
It has been decided to increase the weekly quota of dollar cash sales. We kindly request you to submit your requests
Starting from Monday, corresponding to 12/5/2022, according to the details shown below:
Class of bank company
Weekly amount (dollars)
A exchange company
B exchange company
750,000
C brokerage firm
bank
This bank also confirms its readiness to meet the needs of all citizens of foreign currencies according to the purposes permitted for financing them legally, in addition to financing electronic payment cards that are used in payment operations outside Iraq at an exchange rate of 1470 dinars to one dollar, while adhering to the provisions of the foreign currency sale controls for the year 2021 as well. About
Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015
6:00 AM
4/12/2022
with respect.
Dr.. Ammar Hamad Khalaf
Vice Governor Agency
12/4/2022
CBI Head Office:- Al-Rasheed St. Baghdad-Iraq Tel: 8165171 Teleph * Exchange With 4 Line 6418166802 Al Furat News
Bank Center: Al-Rasheed Street - Baghdad - Iraq Tel: 8165171 (4-line central exchange) P.O. Box: 64 Fax 0096418166803
An economist reveals the feasibility of the central bank's dollar sales
Today, Sunday, economic expert Nasser Al-Kinani explained the reasons for determining the central bank’s sales to the private sector and private banks, and not to government banks.
Al-Kinani said in a statement to (Baghdad Today), that "the goal of the Central Bank's sales to the private sector is to import goods, which are made through merchants."
He explained that "these sales amount to 60 billion dollars annually," noting that " if 10% of the imported materials enter with these funds into the state treasury, then it is assumed that approximately 6 billion dollars enter the state treasury annually."
And he added, "But according to the tax figures that enter the country from imported goods, sales of hard currency should be much less than $60 billion."
And Al-Kinani considered, "The government must follow up the windows for selling the currency, because this matter has a great corruption aspect that affects economically the country."
It will achieve significant growth." The Association of Private Banks calls on the government to deposit 10% of oil revenues in its banks
The regional head of the Association of Iraqi Private Banks in Kurdistan, Muhammad Munther al-Handal, said, “The business sector in Iraq suffers from the continuation of economic and political fluctuations, which negatively affected the business environment in all sectors, especially the banking sector, until the default rate in this sector reached 5 trillion.” Dinar".
Al-Handal added, in a speech during the activities of the banking sector development conference held today, Monday in Erbil, that "private banks, despite these challenges, have proven their worth by opening branches outside Iraq, such as Saudi Arabia, Dubai and Turkey, which are considered strong and influential economic centers, and the spread of tools contributed to Electronic payment in providing banking services in all governorates, especially in the Kurdistan region, which led to the establishment of the national payment system, as Iraq currently has 15 million bank cards of all kinds, in addition to more than 1300 ATMs.
He explained that "one of the manifestations of banking development in Iraq is that financial inclusion has increased by 33% over the past few years, and 2 million electronic wallets have been created, and the capital of banks has increased to 17.8 trillion dinars, compared to 159 trillion dinars, the value of assets."
And the head of the regional office of the Association of Private Banks stated that “deposits in banks rose to 96 trillion dinars, and loans to 80 trillion dinars, as banks granted 14 trillion to projects and the residential, agricultural and industrial sectors, and this is greatly reflected in the provision of job opportunities,” calling on the government to “ Providing a good business environment through many steps, including the possibility of depositing 10% of oil revenues in private banks to achieve a very high growth movement.
Regarding the Tamkeen initiatives, Al-Handal pointed out that “The Tamkeen Fund was established in 2014 under the management of the Central Bank of Iraq and the Association of Private Banks, and funded by donations from private banks on a monthly and annual basis. In 2017, work was carried out in the Baghdad campaign to develop 22 squares in the capital, in addition to developing Al-Mutanabi Street, at a value of 4 billion.” Dinar and building churches and temples for the Sabeans and Yazidis. In Kurdistan, the Association is working on community reconstruction operations in Halabja and Erbil, in addition to holding courses to qualify young people to enter the labor market.
And on the role of the Central Bank in banking reform, Al-Handal reviewed the steps of the Central Bank, explaining that "the Central Bank of Iraq has adopted building a strong and sound financial system because of its great role in achieving financial and economic stability, and this system is based on a central methodology applied by banks and electronic payment companies, and it is based on Work under a sound legislative, legal and regulatory umbrella and spread the concepts of governance and basic international standards, in addition to applying international standards in the Iraqi banking sector, especially in the field of correspondence with foreign banks.
He stressed that "one of the priorities of the Central Bank of Iraq is that there be strong infrastructure, as all Iraqi banks have relied on paper and pen in the performance of their work during the past 15 years, and therefore there has become an urgent need to implement electronic systems because of the huge technical gap in this field." However, our banks are currently able to obtain modern technological systems, despite the need for new cadres and human resources.
And he indicated that "the Center for Banking Studies in the Central Bank was able to develop human resources in the banking sector through courses in the field of credit, auditing, money laundering, banking awareness and compliance," noting that "Iraq suffers from an unstable situation and a very difficult environment, and therefore the expansion of financial inclusion needs to be Extensive economic and investment studies.
Kirkuk cake.. Kurdish greed and the "140" sparked disputes
a contentious article that appeared after 2008 serves the interest of the Kurdish component against the aspirations of the Arabs and Turkmens. The opinions of jurists differed regarding its effectiveness, but the only thing agreed upon is that its application will lead to “unimaginable” problems throughout the country.
* Content of the article
Article 140 of the Iraqi constitution, which includes steps to settle the situation in the areas that have been affected by demographic changes between 1968 and 2003, so that this settlement takes place through normalization of conditions first and conducting a population census, as well as through conducting a referendum to determine the fate of the included areas, specifically the governorate of Kirkuk.
For his part, the leader of the Al-Fateh Alliance, Muhammad al-Bayati, confirmed that the implementation of Article 140 will lead to problems and unforeseen consequences in Kirkuk.
Al-Bayati said in an interview with Al-Maalouma, “The content of Article 140 is not new, and it was present in the temporary Iraqi state administration law, and it was not applied, then it was transferred to the constitution and was not applied at the end of 2007, because it is a contentious matter not among the components of Kirkuk, but rather all the Iraqi factions, and only the Kurds support it.” And it has goals.”
He adds, "jurists have different opinions regarding the effectiveness of Article 140, which was not applied during two periods after 2003, between those who say that it has lost its legal efficacy and those who say that there are other articles in the constitution that have not been implemented, but in general, that its application will lead to tensions and problems with ominous consequences in Kirkuk." ".
In turn, the former member of the House of Representatives, Wael Abdel Latif, stated that "the Kurds benefit most from the constitution."
In an interview followed by Al-Maalouma, he mentioned: "When we wrote the constitution and in the presence of the Kurds, it stipulated the refusal to divide Iraq," noting that "the region is not entitled to hold a referendum in accordance with the constitution."
And he points out, "Article 140 in the constitution was imposed by Masoud Barzani," stressing that "the constitution included 139 articles only after 2008. Article 140 was added."
The former deputy calls for "referring to Article 126 of the constitution to solve problems with the Kurds."
* The position of Arabs and Turkmen
Concerning the position of the Turkmen and the Arabs on Article 140 of the Iraqi constitution, there is a great divergence in the positions and opinions related to the Iraqi constitution, where the Arabs and the Turkmen made many objections to the attempts to implement this article, and the reason behind this matter is due to the fact that its application is considered a violation of the Iraqi constitution, and this is according Due to the expiration of the time limit set for application, which was in December of 2017, they also complain about the demographic change that occurred after 2003, which was for the Kurds.
In this regard, the former deputy and Turkmen leader, Jassem Muhammad al-Bayati, stressed the need not to implement Article 140.
Al-Bayati stated in a statement to Al-Maalouma, “It is necessary not to activate Article 140; Because its activation represents the beginning of the division of Kirkuk, and the removal of the Turkmen from the map of Iraq, as the experience of the presence of the Turkmen in Erbil and Kifri led to the migration of the Turkmen to Kirkuk or their transformation into Kurds, which represents a tragic experience for the Turkmen component.
And he points out, “The constitution must be amended without considering the Turkmen a minority or a quota in the parliament, in order to represent them optimally,” pointing out that “the number of Turkmen today reaches 3 million people, and therefore they are not minorities, and the constitution should consider them a third nationality.” ".
Al-Bayati stresses the need to "place an article in the constitution that gives the Turkmen the right to life, culture and presence in the state in proportion to their population percentage, as there are moves to add this article to the constitution according to the new amendments."
The role of the Kurds
The Kurds' position on Article 140 of the Iraqi constitution was positive and goes along with its implementation, as they find in this article the perfect solution to the conflict between the center and the region over the disputed areas, and an ideal solution for the province of Kirkuk, which is considered one of the provinces rich in oil, and this goes with the interests of the Kurds.
In addition, a member of the House of Representatives, Rafik al-Salihi, accused the Kurdistan region of trying to acquire huge sums of money by pressuring the approval of Article 140 of the Iraqi constitution, while confirming the existence of double financial assessment regarding the displaced in the south and the displaced from Kurdistan.
In an interview with Al-Maalouma Agency, Al-Salihi said, "Article 140 of the Iraqi constitution is part of it concerned with fairness to the displaced, who include the southern governorates such as Basra, Dhi Qar and Maysan, and not only the displaced in the Kurdistan region."
He points out that "the assessment stipulated that the diaspora in southern and central Iraq would receive only 10 million dinars, while the diaspora in the Kurdistan region would be allocated huge sums," considering that "this assessment is incorrect and unfair to the displaced in the south."
Al-Salhi concluded by saying, "The region is trying to pass this article to achieve personal interests, not in order to serve the displaced, given that the sums allocated to Kurdistan are large and huge, and often witness a waste of public money."
The Kurdistan region is always moving in a direction different from the legal articles and the rights of other components, especially the Turkmen, as it is the one who hit the decisions of the Federal Court “displaying the wall”, especially with regard to oil and gas and others, and resorts to the central government in the laws that serve it, and it is a region and a quasi-state when it relates to laws and decisions that contradict its purpose.
here's another one
CBI begins to take measures to prevent the exchange rate from rising, After Al-Sudani directive
Central Bank of Iraq (CBI) decided on Sunday, to increase weekly cash sales of the dollar, to prevent a rise in the exchange rate after the directives of Prime Minister Muhammad Shia al-Sudani, while confirming its readiness to meet the needs of citizens in foreign currencies.
CBI stated, in a document that the Iraqi News Agency (INA) obtained a copy of, that “based on the objectives of this bank to achieve stability in the general level of prices and exchange rates and to meet the high demand for foreign currency in the local markets, it was decided to increase the weekly share of cash sales, In dollars, as of Monday, 12/5/2022."
It stressed, "his willingness to finance E-card used for payment operations outside Iraq at a price of 1470 dinars to one dollar."
A specialist “evaluates” the decision to increase the Central Bank’s sales: a preliminary step to return the old price
Economic expert Amjad Lafta confirmed today, Sunday, that the Central Bank's decision to increase dollar sales will contribute to decreasing the value of the dollar against the dinar.
Lafta said in a statement to (Baghdad Today), "The decision to increase dollar sales was issued based on the recommendations of the prime minister when he recently met with the governor of the Central Bank," stressing that "this decision is correct because it comes within the government's tendency to reduce the value of the dollar to maintain the stability of the country's economy and restore the price of dollar gradually to previous levels.
He added, "There are many ways to reduce the value of the dollar, and the central bank's decision is one of these ways that will contribute to lowering the price of the dollar."
And Lafta continued, "There is an eternal problem represented by the presence of corruption mafias that lurk and exploit opportunities through currency trading and price manipulation. Therefore, the government must combat these mafias that increase the exchange rate."
He pointed out that "Law 56, which defines the powers of the Central Bank, allowed the bank to take decisions that suit the stability of the economic situation in the country."
Despite the Central Bank's steps, the dollar continues to rise in the local markets
The exchange rate of the dollar continues to rise, despite the decisions issued by the Central Bank of Iraq to limit its rise.
Money changers spoke to Mawazine News about the exchange rates of the dollar this evening, as the Basra governorate recorded 150 thousand dinars for purchase and 151 thousand for sale for every $100.
While the capital, Baghdad, recorded this evening, the money changers recorded a price of 149,000 for purchase and 150,000 for sale, while in Erbil, the prices were at 147,000 for purchase and 148,000 for sale.
And the Central Bank of Iraq issued a number of decisions to prevent the rise of the dollar in the local markets.
And the Central Bank of Iraq decided, today, Sunday, to increase the sales ceiling for travelers and the dispatched employee to become (5000) dollars, after the directives of the Prime Minister, Muhammad Shia Al-Sudani.
The Central Bank of Iraq also decided, today, Sunday, to increase weekly cash sales of the dollar, to prevent a rise in the exchange rate after the directives of Prime Minister Muhammad Shia’a al-Sudani, while confirming its readiness to meet the needs of citizens in foreign currencies.
Representative Uday Awad to "Tigris": 100 deputies pledged not to vote on the budget if the exchange rate is not changed
no article he said this in an interview
maybe tomorrow we will get the article
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Iraqi News for Monday December 5th 2022
IMF mission to meet in Baghdad
The Central Bank of Iraq (CBI) announced on Sunday that meetings of the International Monetary Fund (IMF) mission will be held in the Iraqi capital, Baghdad, on Wednesday and Thursday, the state news agency (INA) reported.
Director of the media office of the CBI, Omar Assem, said in a statement that the meetings will be attended by the CBI governor Mustafa Ghaleb, Minister of Finance Taif Sami, and the IMF mission, INA mentioned.
Representatives of the ministries of planning, electricity, labor, water resources and environment will be invited to attend the meetings, Assem explained.
Assem revealed that the first day of the meetings will focus on major policy challenges, INA reported.
Assem clarified that the IMF mission will hold meetings on Thursday with the Iraqi Company for Financing Small and Medium Enterprises (ICFSME), Vitas Company, and senior staff from the CBI’s Banking Control Department, according to INA.
Assem also elaborated that the meeting of the IMF mission with the CBI aims to develop work in the banking sector in Iraq, especially as it gained international confidence and enhanced financial inclusion.
Government official: The exchange rate of the dollar will decrease and its impact will be after a week
A government official confirmed, on Monday, that the exchange rates of the US dollar against the Iraqi dinar will decrease with the Central Bank's decision to increase the weekly share of banks, exchange and mediation companies, pointing out that the decline will have an impact next week.
The official told Shafaq News Agency, "The exchange rate of the dollar will decline in the coming days in the local markets, and its impact will be at the beginning of next week," noting that "the exchange companies will apply for their share of the dollar today, Monday, by depositing cash amounts in the safes of each company, and this will be done." Hand it over to the Central Bank, provided that this share of the dollar is delivered during the next week.
The official, who preferred not to mention his name and position, added that "the bank's decision came to reduce the gap between the central bank rate and the dollar price in the local markets or what is known as the black market," expecting "the dollar's decline to its previous levels, which were around 147 thousand dinars compared to 100 dinars." dollar".
Yesterday, Sunday, the Central Bank of Iraq decided to increase the share of banks, exchange and financial mediation companies from the dollar, in order to reduce the price of the dollar in the local markets, after its rise yesterday, Sunday, to more than 150 thousand dinars, compared to 100 dollars.
And the bank stopped 14 banks from entering the auction after the US sanctions that it imposed on these banks as a result of smuggling the currency.
It is noteworthy that the Central Bank sells dollars in an auction that it organizes daily to banks and mediation companies in order to finance foreign trade and finance the internal market in dollars, but many economists and politicians indicated the existence of corruption in the central bank’s sales by smuggling hard currency abroad without finding solutions to that over the years. these years.
Association of Banks: Central Bank measures will return dollar prices to their rates quickly
The Iraqi Private Banks Association announced, on Monday, that the Central Bank's measures to increase the supply of dollars through its approved outlets will lead to a return of exchange rates to their rates quickly.
"The economic and political conditions and their repercussions negatively affect stability in the monetary system and the financial system, and thus this will lead to economic instability and market confusion," the association's advisor, Samir Al-Nusairi, said in a statement.
Al-Nusairi added, "Several days ago, a new wave of criticism began from some media outlets affected by rumors launched and driven by speculators in the currency exchange market with the aim of creating a state of confusion and instability and trying to drag the money market into instability and thwarting the Central Bank's plans to control the target rates for the exchange rate." The exchange rate, which has remained stable since its adjustment to the new prices of finance, banks and the public.
He pointed out that "speculators took advantage of the decline in dollar sales in the window for selling foreign currency, which the central bank clarified in a statement last week that the reason is the application of a new electronic platform to control external transfers similar to the letters of guarantee platform currently implemented," noting that "given the lack of sufficient preparation For local banks, with the start of the trial application of the platform, part of the foreign transfers were postponed, which resulted in a decrease in the volume of sales of the foreign currency sale window.
And he emphasized that “another rumor is that the central bank will make a new change to the current price,” explaining that “the central bank has repeatedly announced that there is no intention to change the price at present and explained the negative effects of any change in the price on the national economy, trade exchanges, and local and foreign banking dealings with countries.” the scientist".
And he continued, “The exchange rate is determined by the central bank according to the effects and repercussions of the economic reality in a country like Iraq that suffers from challenges, repercussions, economic and financial crises, and a structural and systematic imbalance in managing the economy and money. Monetary, but this cannot be achieved without joint coordination with fiscal policy and other economic sectors, activating the real economy, diversifying sources of national income, and leaving the unilateral economy relying on oil as a main resource that constitutes 93% of the general budget revenues and 57% of the gross domestic product.
And he stressed that "those who criticize the central bank must be aware that its measures announced yesterday by increasing the supply of dollars through its approved outlets and banks will inevitably lead to the return of the price to its target rates inevitably and quickly."
Parliamentarian: The oil dispute with the region is the main obstacle to the budget
The Parliamentary Services and Reconstruction Committee confirmed, on Monday, that the federal budget will face the consequences of debts and the financial dimensions arising from it, in addition to the difficulty of achieving it amid the continuing dispute over the oil file with the Kurdistan region.
The head of the committee, Mahma Khalil Qassem, said, in a statement to the official newspaper, followed by “Nass” (December 5, 2022), that “all debts and financial dimensions arising from the budget will affect it and have negative consequences for the economy in general, although there are some advantages in Internal and external loans, but they also represent a weight.
He explained that "if the loans are invested properly in the productive and service sectors that have an impact on moving the Iraqi economy, it will be in the interest of the budget and the Iraqi interest, but if it is without investment and moving the economy, its effects will be negative."
He added, "The committee will follow up on the importance of past loans in order to see their benefits and where they were invested, so the loans must focus on revitalizing the service, industrial and agricultural sectors that have positive repercussions on the budget," noting that "investing one dinar in construction will move 16 dinars." as a full economic cycle.
Representative Nazem Al-Shibli also saw, "The need to form high-level committees between the region and the center to resolve the outstanding differences regarding the budget law," noting that "if no agreement is found during the current week, sending the budget will be postponed to the second legislative term."
Al-Shibli said, "The oil file and the relationship between the region and the center represents the main obstacle in the government's completion of the next budget," noting that "next year's budget will be in line with the government program put forward by Prime Minister Muhammad Shia'a al-Sudani."
He added that "there are many files between the region and the center regarding the budget, but the most prominent of them is the oil file present in each budget, and therefore high-level committees have been formed to resolve the outstanding files between the center and the region related to the budget."
Al-Shibli indicated that "the legislative term will end at the end of this week, and if the budget is sent, Parliament will continue its sessions until the budget is approved, and on the contrary, sending the budget will be postponed to the next legislative term."
Great international demand for buying gold, and Iraq maintains its global rank
The Council said in its latest schedule for the month of December, seen by Shafaq News Agency, "The purchase of gold from central banks increased significantly during the month of October, as central banks added 31 net tons of gold to the global international reserves."
He added, "Gold purchases were limited to the Central Bank of the United Arab Emirates, which was the largest buyer during the aforementioned month, as it added just over nine tons to its gold reserves, and the Turkish Central Bank also bought nine tons of gold last October." Uzbekistan also added nine tons, Kazakhstan three tons, and India and Qatar one ton each.
He pointed out that "Iraq maintained its global position after it climbed ten ranks in the month of July after purchasing 34 tons of gold, to reach rank 30 out of 100 countries listed in the table with the largest gold reserves, so that its possession of gold reached 130.4 tons, which represents 8.4% of the rest of its other reserves." ".
The World Council stated that "the total gold reserves of the first five Arab countries, namely, Saudi Arabia, Lebanon, Algeria, Iraq and Egypt, rose to 1,039 thousand tons as a result of the purchase of large quantities of the yellow metal by both Iraq and Egypt."
Globally, the United States of America still leads the rest of the countries with the largest possession of gold in the world at 8,133 thousand tons, followed by Germany with 3,355 thousand tons, and then Italy came with 2,451 thousand tons, while the Lao People’s Republic ranked 100th with 900 kilograms, preceded by the Republic of Cuba by one ton."
On June 27, Iraq announced the purchase of new quantities of gold, approximately 34 tons, an increase of 35% over what was in its possession.
It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.
The Council said in its latest schedule for the month of December, seen by Shafaq News Agency, "The purchase of gold from central banks increased significantly during the month of October, as central banks added 31 net tons of gold to the global international reserves."
He added, "Gold purchases were limited to the Central Bank of the United Arab Emirates, which was the largest buyer during the aforementioned month, as it added just over nine tons to its gold reserves, and the Turkish Central Bank also bought nine tons of gold last October." Uzbekistan also added nine tons, Kazakhstan three tons, and India and Qatar one ton each.
He pointed out that "Iraq maintained its global position after it climbed ten ranks in the month of July after purchasing 34 tons of gold, to reach rank 30 out of 100 countries listed in the table with the largest gold reserves, so that its possession of gold reached 130.4 tons, which represents 8.4% of the rest of its other reserves." ".
The World Council stated that "the total gold reserves of the first five Arab countries, namely, Saudi Arabia, Lebanon, Algeria, Iraq and Egypt, rose to 1,039 thousand tons as a result of the purchase of large quantities of the yellow metal by both Iraq and Egypt."
Globally, the United States of America still leads the rest of the countries with the largest possession of gold in the world at 8,133 thousand tons, followed by Germany with 3,355 thousand tons, and then Italy came with 2,451 thousand tons, while the Lao People’s Republic ranked 100th with 900 kilograms, preceded by the Republic of Cuba by one ton."
On June 27, Iraq announced the purchase of new quantities of gold, approximately 34 tons, an increase of 35% over what was in its possession.
It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.
Parliamentary Finance calls for limiting appointments, job grades, and employee movements in the hands of the Service Council
The Parliamentary Finance Committee called, on Monday, to limit appointments, job grades, and employee transfers from one department to another in the hands of the Federal Service Council to be the sole responsible body, which will help create a database for all state employees.
Committee member Jamal Cougar said in an interview with the official newspaper, followed by Mawazine News, that "all job grades must be through the Federal Service Council, because its main task is to organize the appointment movement and staffing in the country," noting that "the previous mechanism was to appoint ministries departments directly and according to their needs.
Cougar added, "The Federal Service Council is charged with preparing a database for state employees on the one hand, and diagnosing points of need and surplus in each institution on the other hand, and therefore it is responsible for announcing job grades and opening the door for transfer in order to benefit from the workforce."
He continued, "We are currently living in employment chaos and the accumulation of huge numbers of employees in some ministries, while other ministries need staff, so it will be necessary to diagnose the need and move the surplus between ministries," noting that "Parliament submitted a question to the former Minister of Planning during one of the sessions about The exact number of state employees, and the response was that he did not know the number because there was no accurate database, and therefore it would be important for the Service Council to standardize the database of state employees.
And a member of the Parliamentary Finance Committee believed that “the government’s withdrawal of the Civil Service Law is natural, because it was written in 2012 and we are in the year 2022,” adding that “the Service Council put its observations on the law.”
The central bank increases sales in preparation for the return of the old price!
this came out yesterday but they are running it again today
Economic expert Amjad Lafta confirmed today, Sunday, that the Central Bank's decision to increase dollar sales will contribute to lowering the value of the dollar against the dinar.
Lafta said in a statement, “The decision to increase dollar sales was issued based on the recommendations of the prime minister when he recently met with the governor of the Central Bank,” stressing that “this decision is correct because it comes within the government’s drive to reduce the value of the dollar to preserve the stability of the country’s economy and gradually return the price of the dollar to previous levels.” .
He added, "There are many ways to reduce the value of the dollar, and the central bank's decision is one of these ways that will contribute to lowering the price of the dollar."
And Lafta continued, "There is an eternal problem represented by the presence of corruption mafias that lurk and exploit opportunities through currency trading and price manipulation. Therefore, the government must combat these mafias that work to increase the exchange rate."
He pointed out that “Law 56, which defines the powers of the Central Bank, allowed the bank to take decisions that are appropriate for the stability of the economic situation in the country.”
Tomorrow's session schedule.. Parliament votes on special grades and deputies take the oath
Session No. (16) Tuesday 6 December 2022
Reading verses from the Holy Quran
First: Voting on a number of special grades
Second: Taking the constitutional oath to some women, and the tragedy is usually the deputies
affairs department
Third: The first reading of the Communications and Informatics draft law (Paradise) and reconstruction, Paradise (Culture, Tourism, Antiquities and Media), (2) Article.
Transport and Communications, Services Committee
Fourth, the report and discussion of the second reading of the draft law of the fourth amendment to the Industrial Investment Law for the two sectors
Private and mixed No. (20) for the year 1998. (Investment and Development Committee Fifth: Report of the Fact-Finding Committee on the information contained in the book of the Ministry of Environment, Radiation Protection Center, on the presence of chemical radiation (carcinogens) in the al-Dab fertilizer produced by the Southern Fertilizer Company). (Committee on Economy, Industry and Trade, Committee on Agriculture, Water and Marshes
Sixth: The report of the Health and Environment Committee participating in the Conference of the States Parties to the United Nations Framework Convention on Climate Change (COP27) on climate change. Seventh: General discussions
Nujemah Ni Naweh Ran
The session starts at eleven
Planning announces the completion of the National Platform for Reconstruction and Development
The Ministry of Planning announced today, Monday, the completion of the National Platform for Reconstruction and Development.
A statement by the ministry, received by the Iraqi News Agency (INA), stated that "the platform is a spatial database that contains analytical outputs, final reports, and statistical tables of project data," noting that "it is managed by the Government Investment Programs Department and is a window for community interaction in both Arabic and English."
He added that "the platform provides continuously updated geographic data that can be accessed via the Internet and with specific access powers, in addition to being an interactive geographic interface that enables the user to use several tools to follow up the implementation of projects and extract statistics in easy and sophisticated ways. Through the main interface, access to the geographic portal is possible." Interactive projects and the executive management activities portal for poverty alleviation by entering the platform link (https://mnpcd.gov.iq).
He continued, "The platform mainly aims to maximize the benefit from the spatial information it provides in clarifying the state's priorities and project needs, and placing it fully in front of decision-makers, enabling them to plan efficiently and rationally, avoid recurring project conflicts, and direct funding or support in an appropriate manner."
He explained that "the platform is designed according to the best international standards to support sustainable development efforts, and also aims to strengthen local governance by enabling residents to engage in a dialogue and feedback loop related to projects, services and reforms, in addition to providing many analytical tools that allow users to extract statistical information." spatial, tablet reports, and detailed maps.
Parliament addresses the government again to resolve the budget and send it before the end of the legislative term
The representative of the Al-Fatah Alliance, Muhammad Al-Baldawi, confirmed, on Monday, that the House of Representatives addressed the General Secretariat of the Council of Ministers and the Ministries of Finance and Planning to speed up the resolution of the draft budget law and send it to Parliament before the end of the current legislative term, indicating that Parliament will not accept any legal violation regarding The decision of the Federal Court on the region's oil.
Al-Baldawi said, in a statement to Al-Maalouma, that "there are some obstacles facing the government in completing the next year's budget, but they will be overcome through the formation of multiple committees for this purpose."
He added, "The House of Representatives addressed the General Secretariat of the Council of Ministers and the Ministries of Finance and Planning to quickly resolve the draft budget law and send it to Parliament before the end of the current legislative term," noting that "
It is noteworthy that the first legislative term of the House of Representatives will end next Thursday.
wasn't it 10k before? why would he cut it in half when inflation is high and prices are high? hmmmm
Cash sales of dollars to the traveling citizen
on the CBI website
As a result of the high level of global inflation and the resulting increase in the cost of travel and living in the world, and to meet the demands of traveling citizens in a way that suits their needs of foreign currency while traveling.
The Central Bank of Iraq decided to increase the dollar sales ceiling shown in Paragraph ( Fourth / 13 ) of the controls for buying and selling foreign currency for the year 2021 , to become ( 5000 ) dollars for a traveling citizen or delegated employee during one month.
Parliamentary: Discussions and dialogues to reconsider the exchange rate of the dollar
The representative of the Kurdistan Democratic Party, Najwa Hamid, confirmed the parliament's move towards reconsidering the exchange rate of the dollar.
Hamid told Mawazine News, "There are discussions and dialogues between members of the House of Representatives, and the Finance Committee specifically, to reconsider the exchange rate of the dollar, and we imagine that an appropriate price will be maintained."
And she continued, "The rapid rise led to a clear economic deterioration, due to the failure to study the negatives and positives about the matter, so there is a real necessity to restore the exchange rate of the dollar.
Al-Sudani assures Blaschaert of Iraq's aspiration for more cooperation with the UN in many files
Prime Minister Muhammad Shia Al-Sudani affirmed, on Monday, Iraq's aspiration for more cooperation with the UN organization in many files.
Al-Sudani's office stated in a statement, a copy of which Mawazine News received, that "Prime Minister Muhammad Shia'a Al-Sudani received, this morning, the Special Representative of the Secretary-General of the United Nations in Iraq, Jenine Blaskhart."
He added, "During the meeting, they reviewed all files of cooperation and joint programs between Iraq and the international organization, and the progress of their implementation in various fields."
The Prime Minister affirmed to the UN envoy, "Iraq's aspiration for more cooperation with the UN organization in many files, including the file of the return of the displaced, and cooperation in the field of confronting climate change.
Parliamentary integrity: Governmental and private banks involved in money laundering and waste of public money
link I think this is outside of the "theft of the century"
The Parliamentary Integrity Committee revealed files of corruption and waste of public money related to dozens of governmental and private banks.
Committee member, Representative Hadi Al-Salami, stated in a statement to the National Iraqi News Agency ( NINA ), that "the Integrity Committee continues its continuous follow-up of rampant corruption in banking institutions, especially Al-Rafidain, Al-Rasheed, Al-Nahrain, Al-Zarai and other banks.
" He said, "We have received two official lists issued by the Central Bank, which includes a group Banks that are not committed to the electronic link and the failure to implement the electronic reporting system.
He added, "The first list includes 28 banks, and the second includes 26 banks, all of which are not committed to implementing the electronic reporting system that was mentioned in the Anti-Money Laundering Law No. 39 of 2015, which takes preventive and precautionary measures before the occurrence of corruption operations, especially in cases of financing terrorism and money laundering." and smuggling currency and counterfeit bills.”
A member of the Integrity Committee confirmed, "A judicial complaint has been filed with the Public Prosecution Service, the Integrity Commission, and the Financial Supervision Bureau, against those banks that refuse electronic linkage because it will be detailed for theft and plundering of public money and money laundering."
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