Al-Sudani exempts Mukhayf and assigns Ali Al-Alaq to run the Central Bank of Iraq
link oh my gosh!
Today, Monday, Prime Minister Muhammad Shia'a al-Sudani dismissed the governor of the Central Bank, Mustafa Ghaleb Makhaif, from his post.
The official news agency quoted a government source as saying, "Prime Minister Muhammad Shiaa al-Sudani decided to relieve Central Bank Governor Mustafa Ghaleb Makhaif of his post, at his request."
The source added, "The Prime Minister assigned Ali Mohsen Al-Alaq to run the Central Bank by proxy."
The Prime Minister refers the director of the Iraqi Trade Bank to retire
Today, Monday, Prime Minister Muhammad Shia'a al-Sudani decided to refer the director of the Iraqi Trade Bank, Salem Jawad Chalabi, to retire.
And the official news agency stated that "Al-Sudani decided to refer the director of the Iraqi Trade Bank, Salem Jawad Al-Jalabi, to retire."
He added, "He assigned Bilal Al-Hamdani to manage the bank in addition to his duties."
A parliamentary delegation meets with the governor of the Central Bank of Iraq to find out the reasons for the rise in dollar prices
A parliamentary delegation met with the Governor of the Central Bank of Iraq, Ali Al-Alaq, to follow up on the reasons for the rise in the US dollar, which negatively affected the reality of the country and the Iraqi citizen.
Deputy Rafiq al-Salihi, who was a member of the delegation, said in a statement that the governor of the Central Bank visited to discuss the reasons for the continuous decline in the value of the Iraqi dinar against the dollar, which in turn was reflected in the economic situation of citizens and burdened them as a result of the high prices of basic materials and commodities in the local market.
Al-Salhi stressed that during the meeting, the need to take effective steps to combat money laundering and currency smuggling, and to take the necessary and effective means to solve the crisis, was discussed.
For his part, the governor confirmed that a new policy will be followed by the Central Bank and serious mechanisms will be put in place to get out of this impasse. Reconsidering financial policy and taking sound measures and decisions, which has recently negatively affected markets and basic food commodities, which has burdened the citizen.
75 trillion dinars outside the banks .. How can it be used to reduce the value of the dollar?
On Thursday, economic expert Manar Al-Obeidi suggested issuing treasury bonds to withdraw cash from the local market, with the aim of reducing demand for the dollar currency.
Al-Obeidi said in a post on Facebook that "one of the solutions that would reduce the value of the dollar against the dinar is to increase the demand for the dinar in the parallel market," noting that "more than 75 trillion Iraqi dinars outside the banking system are used to buy dollars."
He added, "The huge monetary mass can be used to increase the demand for the dinar in the local market that exceeds the demand for the dollar," noting that "the only entity capable of creating this demand is the central bank by issuing treasury bonds with high annual interest and encouraging to withdraw the liquidity of the dinar from the market." ".
And he considered that "the increase in demand for the dinar resists the demand for the dollar that would raise the value of the dinar against the dollar in the parallel market."
Revealing "Al-Kadhimi's role".. An American magazine: Washington is holding Iraq hostage by using the dollar's weapon
The American "The Cradle" magazine revealed today, Monday, new details related to the current dollar crisis in the country and the reasons that led to it, accusing Washington of using the US currency as a "weapon" against Iraq.
The magazine said in its report, which was translated by (Baghdad Today), that "Washington has forced Iraq, since 2003 until today, to send its oil revenues to only one account with the US Federal Treasury in New York, and it transfers dollars from the account to the Iraqi government upon request. Which enabled the US administration to use the dollar as a weapon to target the Iraqi dinar and reduce its value in the market," according to its description.
The magazine stated that "the US administration informed the government of the former prime minister and the Central Bank of the restrictions it has now imposed on transferring dollars from the US Federal Reserve to Iraq, asking them to take appropriate measures and prepare for that, which Al-Kazemi and the governor of the Central Bank ignored," according to the network.
The information reported by the network indicated that “Washington, because of its special relationship with former Prime Minister Mustafa Al-Kazemi, preferred not to implement the restrictions while he remained in power, waiting for the formation of the new government to implement them,” adding that “the Sudanese government did not know of Washington’s previous notification of Al-Kazemi and the governor of the Central Bank before Two years with its intentions, which it said that ignoring it led to subjugating the dinar and the Iraqi economy as a victim, during which the United States managed to hold the Iraqi economy hostage, using the dollar weapon.
Foreign Minister: Al-Sudani will visit Washington soon regarding the dollar file
Deputy Prime Minister and Foreign Minister Fouad Hussein confirmed, on Monday, that the government is continuing its efforts to solve the problem of the exchange rate of the Iraqi dinar against the dollar, noting that Al-Sudani will visit Washington to discuss this file.
"The Iraqi government is interested in raising the value of the Iraqi currency against the US dollar," Hussein said in an interview seen by Al-Malooma.
He added, "We meet daily with the Iraqi Prime Minister, Muhammad Shia' al-Sudani, and the Economic Committee to solve this problem related to the Central Bank of Iraq."
Hussein explained, "Al-Sudani is in contact with the United States in order to re-raise the value of the Iraqi dinar against the dollar, and we will visit Washington soon for this matter."
After dismissing him, the governor of the Central Bank, the Sudanese hints at a decrease in the exchange rate of the dollar
Al-Sudani assigned former bank governor Ali Mohsen Al-Alaq to run the central bank by proxy.
The Prime Minister also referred the Director of the Trade Bank of Iraq to retirement and assigned Rabal al-Hamdani to manage the Trade Bank of Iraq in addition to his duties.
Al-Sudani commented on the changes by saying: "The departments that have been assigned to the Central Bank and the Trade Bank of Iraq possess skills and will work to reduce the rise in exchange rates."
It is noteworthy that the Iraqi dinar lost about 10 percent of its value, as the Wall Street Journal says in a report it published a few days ago, after "mysterious" procedures for many, related to the imposition of compliance rules on the Central Bank of Iraq's dealings with currency dealers in relation to the dollar. American.
Under the new procedures, Iraqi banks are required to submit dollar transfers on a new online platform with the Central Bank of Iraq, which are then reviewed by the Federal Reserve Bank.
US officials said the system aims to limit the use of the Iraqi banking system to smuggle dollars and launder money across the Middle East.
The exchange rate of the dollar in the local markets has been increasing for days, reaching 1,600 dinars per dollar, or slightly less than that, and sometimes exceeding it.
The dinar continues to decline, and the high cost gnaws at the purchasing power of citizens
Significantly, the volume of fears expressed by economists about the results and repercussions of the exchange rate crisis has expanded remarkably, which they confirmed could cause a doubling of poverty rates and “gnawing” a large part of the incomes of workers in the public and private sectors and reducing their purchasing power, in addition to reaching frightening rates of inflation. To affect the overall economic process, and while they stressed the need for the Central Bank to resort to using its monetary tools to “stabilize” the dinar price, they suggested the possibility for the government to intervene strongly in economic activity, and to undertake a percentage of imports to create price competition in the markets.
The measures taken by the monetary authority “so far” have not achieved its goal of reining in the dollar, whose exchange rate “at times” exceeded the barrier of 1,600 dinars per 100 dollars, a figure that economists described as “dangerous” and which could undermine sustainable development rates. And lead to severe economic damage due to the increase in the prices of all goods and services, and thus the rise in the inflation indicator.
In the midst of this, the Central Bank confirmed, earlier, that it would continue to work to simplify external transfer procedures through official channels and at the official exchange rate for merchants in light of the launch of the electronic platform for external transfer at the beginning of this year, while the bank’s advisor, Ihsan Shamran Al-Yasiri, told the Iraqi News Agency. (conscious): “The turmoil in dollar prices is a temporary situation, and the Central Bank’s resources are now at their highest levels in decades, and the state’s financial situation is very comfortable,” noting that “the controls that were put in place for selling dollars on the platform came in order for the dollar to go to the real beneficiary.” It is an organizational process.
Despite the packages of measures that the Central Bank can take to counter the rise in the dollar exchange rate, the academic and economist, Dr. Sattar Al-Bayati, believes that “the currency auction is not among those measures that can represent part of monetary policy, indicating that the tools of that policy are familiar to Specialists in economic affairs, which are four pillars represented in “the interest rate, the rediscount rate, the open market, and the legal reserve,” and there are other tools that may not be used, but the window for selling the currency is not among them, “according to the speaker.
Al-Bayati pointed out during his speech to “Al-Sabah” that “this window may have fulfilled its purpose in a certain period by financing imports, but over time it has become a burden on the economy, and this burden is translated through the many forgeries witnessed in the certificates of origin of imported goods, Therefore, the window for selling the currency has become a real drain on Iraqi financial resources, especially hard currency.
Al-Bayati believes that “fixing the exchange rate represents a big mistake, as most types of exchange rates are flexible, floating or managed exchange rates, and the main goal is the stability of the exchange rate, and that one of the most important tasks of the central bank is to work to stabilize the exchange rate of the Iraqi dinar.” , and not stabilizing it,” explaining that the exchange rates remaining high has serious negative consequences represented in the high rates of inflation and the erosion of the real wages of the citizen. To not obtaining his requirements from the market, in which prices began to rise remarkably, stressing that if the situation continues as it is, the number of those below the poverty line will increase.
Regarding solutions that could lead to mitigating the sharpness of the dollar’s rise, the expert Al-Bayati pointed out that there are a number of measures that lead to that purpose, including “the possibility for the government to intervene strongly in economic activity, and to undertake a percentage of imports to create a kind of competition that will reflect positively on prices and the citizen.” And not to leave that matter entirely to the private sector,” stressing the need for “the government to intervene to restore matters to their true position regarding the exchange rate and return it to what it was previously, and for the Ministry of Finance not to argue that there is a budget deficit, as Iraq has large resources, and the reserves have reached good numbers.” Very much, and we must not forget that "the country's budgets always begin with a deficit and end with a surplus."
In turn, the banking expert, Abd al-Rahman al-Sheikhly, explained that the first reason behind the high exchange rate is “the negligence in applying the AML due diligence standards for preventing money leakage, and the international decisions that led to stopping the participation of many banks in the currency auction.” ".
Al-Sheikhly suggested, during his interview with Al-Sabah, a number of solutions that could address the crisis of the high exchange rate, including “compliance with international standards, especially with regard to foreign transfers, as well as adherence to documentary credits in transfers and according to the Central Bank’s instructions, auditing all transactions, and requiring knowledge of the sources of funds that participate.” In which the customer is in the currency sale window and who is its real owner, what are the beneficiaries from it, the size and type of imported goods, and that taxes and customs are collected on it in accordance with the applicable laws.
Announcing the establishment of a state oil company
The Ministry of Oil announced today, Tuesday, the establishment of a governmental oil company under the name of the Iraqi Oil Services Company.
are we going to get more details?
Romanowski: We do not set the price of the dollar in Iraq, and we have not imposed sanctions on new banks
The US Ambassador to Iraq, Alina Romanowski, confirmed that the United States does not set the exchange rate of the dollar and has not imposed sanctions on new Iraqi banks.
Romanowski said, in a televised interview with "Al-Taghyeer Channel", that the United States does not set or determine the exchange rate between the dollar and the dinar, and that it has not imposed new sanctions on banks in Iraq, but rather "continues a mechanism that took several years to strengthen the Iraqi banking sector to help it comply with the banking system." Global, and to ensure that the banking system is not used to launder the money of the Iraqi people and smuggle it out of Iraq.
Romanowski indicated that "these measures began two years ago with gradual implementation by Iraqi banks, according to an agreement between the US Federal Bank and the Central Bank of Iraq," adding that they are "designed to prevent and restrict money laundering, and suspending or postponing them leads to a rollback in the system."
And the ambassador stressed that "what can be done is to continue the dialogue with the Central Bank and monitor the effects that occur on the ordinary citizen who uses informal secondary financial institutions, to consider the possibility of addressing these effects."
And she stressed that her country "is trying with the Iraqi side to prevent money laundering that belongs to the Iraqi people and prevent its smuggling," explaining, "We focused on the file of corruption in Iraq, and what happened was a coincidence with the assumption of power by the Sudanese."
And the Iraqi currency lost about 10 percent of its value, says the Wall Street Journal in a report it published a few days ago, after procedures related to imposing compliance rules on the Central Bank of Iraq's dealings with currency dealers with regard to the US dollar.
Under the new procedures, Iraqi banks are required to submit dollar transfers on a new online platform with the Central Bank of Iraq, which are then reviewed by the Federal Reserve Bank.
US officials said the system aims to limit the use of the Iraqi banking system to smuggle dollars to Tehran, Damascus and money laundering havens across the Middle East.
Yesterday, Monday, Prime Minister Muhammad Shia al-Sudani decided to relieve the governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, from his post, while Ali Mohsen Al-Alaq was assigned to run the bank by proxy.
Al-Sudani had taken, the day before yesterday, Sunday, urgent decisions to "address" the exchange rate of the US dollar against the local currency during his meeting with the Federation of Iraqi Chambers of Commerce to discuss treatments for the fluctuation of the exchange rate of the foreign currency.
These decisions come at a time when the exchange rate of the US dollar against the Iraqi dinar has witnessed a gradual rise since November 2022, reaching its highest levels in recent days, as it crossed the barrier of 165 thousand dinars per 100 dollars.
Al-Sudani's advisor: International controls have blocked 80% of requests to finance foreign trade for Iraq
Today, Tuesday, the financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed that 80 percent of foreign trade financing requests in Iraq had been rejected.
Saleh said, in a statement to (Baghdad Today), that "the international controls set by the Federal Reserve Bank are a signal that occurs for the first time after the phenomenon of the economic blockade in the nineties of the last century, as the role of international compliance restrictions has become evident today through the (digital compliance platform)." .
The financial advisor to the government added that "these transactions linked foreign remittances in US dollars to foreign currency requests for private banks and merchants through the window of the Central Bank of Iraq, specifically (foreign remittances)."
He explained that "this falls within a path that requires investigating (the final beneficiary) of the funds transferred to him abroad and the details of imported goods and accurate commercial documents, i.e. (providing a high degree of governance in terms of accuracy of information and details of commercial data)."
He noted that "it is something that Iraqi private trade left over the last twenty years to represent this high level of transparency," noting that "the reason for rejecting 80% of foreign trade financing requests for the private sector is the lack of integration of the required data and correct disclosure."
Today, Tuesday, the financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed that 80 percent of foreign trade financing requests in Iraq had been rejected.
Saleh said, in a statement to (Baghdad Today), that "the international controls set by the Federal Reserve Bank are a signal that occurs for the first time after the phenomenon of the economic blockade in the nineties of the last century, as the role of international compliance restrictions has become evident today through the (digital compliance platform)." .
The financial advisor to the government added that "these transactions linked foreign remittances in US dollars to foreign currency requests for private banks and merchants through the window of the Central Bank of Iraq, specifically (foreign remittances)."
He explained that "this falls within a path that requires investigating (the final beneficiary) of the funds transferred to him abroad and the details of imported goods and accurate commercial documents, i.e. (providing a high degree of governance in terms of accuracy of information and details of commercial data)."
He noted that "it is something that Iraqi private trade left over the last twenty years to represent this high level of transparency," noting that "the reason for rejecting 80% of foreign trade financing requests for the private sector is the lack of integration of the required data and correct disclosure."
Among them are those close to Putin. A high-ranking Russian delegation will visit Iraq
An informed political source revealed today, Tuesday, that a high-ranking Russian delegation visited Iraq to discuss a number of files in the fields of investment, energy and armament.
The source told (Baghdad Today) that "a high-ranking Russian diplomatic, military and economic delegation will visit Iraq early next month on a mission described as 'special', including close associates of President Vladimir Putin."
He added, "The delegation will meet the three Iraqi presidencies and senior Iraqi officials, politicians and economists, to discuss a number of files in the fields of investment, energy, armaments, and facilitating the activities of businessmen in the two countries."
Designating the director of Al-Maliki's office as a media advisor to Al-Sudani
An informed government source stated, on Tuesday, that a close associate of the leader of the State of Law coalition, Nuri al-Maliki, had been named as a media advisor to the Prime Minister, Muhammad Shia' al-Sudani.
The source told Shafaq News agency, "Hisham al-Rikabi, director of the media office of the leader of the State of Law coalition, has been appointed as a media advisor to the Prime Minister."
Earlier today, an informed government source informed Shafaq News Agency that the leader of the Dawa Party and former deputy, Sami Al-Askari, had been assigned the position of political advisor to the Prime Minister, Muhammad Shia' Al-Sudani.
Yesterday, Monday, Prime Minister Muhammad Shia al-Sudani decided to relieve the governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, from his post, and assign Ali Mohsen Al-Alaq to run the bank by proxy, who held this position during the government of former Prime Minister Nuri al-Maliki.
Kurdistan Finance issues a special circular for expenditures and revenues for the current year
link like a small budget report?
Today, Tuesday, the Ministry of Finance and Economy of the Kurdistan Regional Government issued a circular regarding expenditures and financial revenues for the current year 2023, which will be implemented until the approval of the general budget law for this year.
This came in a circular letter addressed by the ministry, which was seen by Shafaq News Agency, in issue 2, to all ministries and departments in the region regarding expenditures and revenues for the current year, with the aim of implementing it until approving the general budget law in Kurdistan Region for the same year.
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Human waves storm Al-Rasheed and approach the Iraqi Central Bank.. Pictures
The demonstrations that took place on Wednesday morning continue in front of the Central Bank of Iraq in the center of the capital, Baghdad, to demand the stability of the dollar exchange rate and to save the dinar from collapse.
Pictures taken by Shafaq News agency showed hundreds of demonstrators forming human waves, who were met by the security forces of the law enforcement forces.
The demonstration began in the morning, with the participation of hundreds of Baghdad residents, as well as others who came from various Iraqi governorates, starting from Al-Rusafi Square, to extend to the depth of Al-Rashid Street opposite the Arab Market, where the Iraqi Central Bank building and the Iraqi government banks complex are located.
The demonstrators, who numbered about 800, became about 100 meters away from the Central Bank building, fortified with heavy security forces.
The demonstrators are calling for an end to speculation in the dollar's exchange rates, urgent economic measures to be taken to restore the dollar's exchange rate within the official context, and to hold the corrupt accountable.
They also called, through loudspeakers, on Prime Minister Muhammad Shia'a al-Sudani to "go out to the people" and announce realistic measures to alleviate the crisis and restore prices to stability.
The demonstrators raised sarcastic demands, demanding that an artist intervene in resolving the issue "according to her relations with politicians," while some wrote on his banner that "politicians are covering up banking corruption and transfer companies."
Today, a spokesman for the Iraqi Ministry of Interior revealed, to Shafaq News agency, that a number of "unlicensed" exchange offices and banks dealing in the process of selling dollars outside the Central Bank's controls were closed. higher than the specified price.
Since November 2022, the exchange rate of the US dollar against the Iraqi dinar has witnessed a gradual increase, reaching its highest levels in recent days, as it exceeded the barrier of 165 thousand dinars per 100 dollars.
The Federal Court decides to cancel all decisions of the Council of Ministers regarding the transfer of funds to the Kurdistan region in violation of the law
this might cause a problem ...
The Federal Court decided, on Wednesday, January 25, 2023, to annul all decisions of the Council of Ministers regarding transferring funds to the Kurdistan region in violation of the law.
The head of the Kurdistan Regional Government, Masrour Barzani, said that the Iraqi government did not send the region's dues, while indicating that it would continue to seek a solution to outstanding problems with the federal government.
He added that the federal government did not send from the amount allocated to complete salary financing, amounting to 200 billion dinars, except for a few months, and there was an active effort externally and internally to impede the work of the Kurdistan government, but the latter was able to overcome these crises to a large extent, through its plans and government program. and its fixes.
He added that within the framework of our policy aimed at resolving outstanding problems and preserving our constitutional rights and entitlements, we have done our best to solve problems with the central government, and the regional government delegation has always visited Baghdad in pursuit of dialogue and a solution under the constitution, and our efforts are still continuing.
Barzani launches a fierce attack against the Federal Court: it replaced the Revolutionary Court
It is unfortunate that the Iraqi Federal Court once again showed another hostile stance against the Kurdistan Region, and prevented the transfer of the money to the region that was to be sent from the federal government to the Kurdistan Region.
Hence, the intent is not the amount of money, but rather that the main problem is the violation of rights and principles. Everyone knows that our participation in the coalition to administer the state and form the new Iraqi government was based on a clear and detailed program that was agreed upon by all parties.
Securing some financial rights for the Kurdistan Region, which is a legitimate right for the people of Kurdistan, was part of this program and it was agreed upon, so the decision of the Federal Court today, before it was against the Kurdistan Region, is contrary to the political process and against the Iraqi government and against the program of the State Administration Coalition Himself.
Surprisingly, whenever a positive atmosphere prevails between the region and Baghdad and an opportunity arises to address problems, the Federal Court immediately destabilizes this opportunity and aborts the opportunity by issuing a hostile decision, which has become a reason for complicating disputes, and it seems that it is implementing a suspicious agenda and replacing the Revolutionary Court in the previous regime.
From here, I call on the Iraqi government and all parties participating in the State Administration Coalition to express their position regarding this breach and hostility, which are practiced by the Federal Court against the interests of Iraq and the Kurdistan Region.
Massoud Barzani
Specialists call for the activation of "electronic dealing" in the markets
A number of specialists in the financial sector pointed out the importance of the Cabinet's decision to use POS devices and its positive impact on the reality of financial transactions within the local markets, which is an effective step towards electronic dealing and exemptions in fees imposed on financial movements .
And the Council of Ministers had obligated the Central Bank of Iraq to facilitate the procedures for granting licenses to collect international bank cards using point-of-sale ( POS ) devices with low commissions on banks and entities that use these devices .
And (POS) is a digital tool that helps in automating various electronic sales operations via cards instead of cash, and facilitates sales control and inventory management .
Haider Kazem Al-Baghdadi, a specialist in economic affairs, told Al-Sabah: “The decision issued by the Council of Ministers regarding points of sale (POS) represents an important step in the right direction, and greatly activates the reality of electronic payment in all regions of Iraq without exception, especially It includes reducing commissions for the financial transactions that the customer performs when using the electronic payment card .
He pointed out that "this step will see the results of the citizen over time, when he finds goods that offer good discounts for sale using the electronic card and through the "POS", and this is one of the encouraging things in the actual transition to electronic payment, which is safer than cash trading . "
And he believes that "we find regionally that there is a wide spread of dealing in this way, and the citizen does not carry cash inside and outside his country, in addition to the facilities that are provided to those who carry this payment card, as it is granted in some seasons a significant discount, which is one of the most important incentives for the trend for electronic transactions . "
Al-Baghdadi stressed the necessity of "obliging banks to publish the POS in all places, as well as expanding the deployment of ITM , in order to expand the activation of the movement of money electronically," indicating that the decision comes at the right time and makes the citizen aware of the importance of adopting safe technology in his daily life, away from risks .
The specialist in economic affairs, Hamila Abdel Sattar Kurdi, praised the decisions of the Council of Ministers and their importance at this time by shifting towards electronic payment," indicating "the importance of keeping pace with the evolving global effort that is witnessing continuous developments, through the development of products that are in harmony with the international labor market . "
Kurdi pointed out that "the banking system is in a race to provide the best services to different customers, companies and citizens, as it must provide advanced services that keep pace with developments and are commensurate with the requirements of the developed international effort that is looking to enter the local labor market . "
And she praised "the Central Bank's directions aimed at expanding the electronic payment space inside the country, and paying attention to financial inclusion to include a larger area than it is now . "
The Council of Ministers obligated all governmental, non-governmental and mixed departments, unions, associations and centers in which the amounts are collected to open bank accounts and set up electronic payment POS devices to pay by bank cards to collect money, and to enable those who wish to pay with cards, while keeping the cash receipt side by side, It also obliges all private schools, universities, private colleges, and fuel processing stations of all types and locations, and throughout Iraq, to open bank accounts and set up point-of-sale devices for electronic payment.
Al-Maliki to the Russian ambassador: The new government represents all components of the Iraqi people
The head of the State of Law Coalition, Mr. Nouri Al-Maliki, receives the Ambassador of the Russian Federation to Iraq
The head of the State of Law Coalition, Mr. Nuri al-Maliki, received in his office today the Ambassador of the Russian Federation to Iraq, Mr
Elbrus Kotrashev.
During the meeting, they discussed developments in the political and security situation in the country, as well as discussing the regional and international situation.
His Excellency made it clear that Iraq is witnessing a state of political and security stability under a new government that represents all components of the Iraqi people, calling for increased cooperation between Baghdad and Moscow in various fields.
In turn, Ambassador Kotrashev renewed his country's desire to strengthen bilateral relations and develop cooperation between the two countries. He also expressed his appreciation for Iraq and the keenness of its leaders to strengthen relations with Russia and increase the volume of cooperation in various fields.
Media office of Mr. Nuri al-Maliki
January 25, 2023
Shops in Diwaniyah close their doors due to the rise in the dollar
Today, Wednesday, a local source said that a number of shops in Diwaniyah governorate went on strike, as a result of the high exchange rate of the dollar.
The source said, in a statement to Al-Maalouma, that "a number of shop owners in Al-Diwaniyah governorate went on strike this morning after the dollar exchange rates continued to rise."
He added, "Most of the shops in Diwaniyah governorate suffer from a lack of turnout and reluctance to buy due to the high prices due to the ongoing dollar crisis."
The source pointed out that "most of the commercial professions in Diwaniyah suffer from contraction and lack of financial revenues, which forced them to close their shops in the face of customers."
Exchange offices in Anbar stop selling and buying dollars
The exchange offices in Anbar Governorate stopped, on Wednesday, buying and selling transactions for the dollar currency until further notice.
Muhannad al-Dulaimi, the owner of an exchange office, said in a statement to Al-Maalouma Agency, "The exchange offices spread throughout the cities of Anbar have stopped buying and selling operations for the dollar against the background of the fluctuation in the exchange rates of the dollar, hours after the issuance of a decision by Prime Minister Muhammad Shia'a al-Sudani to change the director of the exchange office." The Central Bank, as well as issuing strict instructions to pursue the conflicting in the dollar currency and put them in prison.
He added, "Stopping the process of dealing in dollars in the exchange offices in Anbar until the stability of its rate set by the Central Bank," noting that "the exchange rate of the dollar fell yesterday to 159 dinars, then rose again to reach 163 thousand dinars, and this decline and rise caused chaos in the buying and selling movement." In exchange offices and private banks and their inability to deal in light of the instability of exchange rates.”
Al-Dulaimi called on the central government to “stabilize the exchange rate of the dollar so that the owners of banks and private banking offices can return to dealing in dollars.”
The Ministry of Interior restores the registrations of citizens in the areas covered by Article 140
The Federal Ministry of Interior announced today, Friday, the return of citizens' restrictions to and from the areas covered by the provisions of Article 140 of the Constitution, until this constitutional article is resolved.
The Acting Director General of the Directorate of Civil Status, Passports and Residence in the Ministry of Interior, Major General Riyad Jundi Al-Ka’i, said in a document addressed to the Directorate of Civil Status, Passports and Residence in Diyala Governorate and the Kurdistan Region, and the Civil Status Directorates in Karkh and Rusafa in the capital, Baghdad, that “the civil status departments are instructed to return the registrations of citizens.” To and from the areas covered by the provisions of Article 140 of the Iraqi constitution.
The document added that "the registrations of citizens in similar cases will also be returned to the previous civil status departments until the issue of Article 140 of the constitution is resolved."
And the document indicated that “this procedure came in accordance with the legal aspect and according to a letter issued by the Ministry of Interior / Legal Department / Nationality Department with number (72726), on (12/21/2021), with regard to the records of citizens whose records were transferred electronically to and from the areas covered by the provisions of Article 140 of the Iraqi constitution, a national number was issued, and biometric information was not installed for them.
For his part, the head of the General Authority for Kurdistan Regions outside the region's administration, Fahmy Burhan, said in a statement received by Shafaq News agency, "This decision is a positive step, and we welcome any steps taken to normalize the situation in the disputed areas."
"In the past, there were attempts in Khanaqin, Kirkuk and other areas to change and relocate residents, but this step will prevent those efforts," he added.
US envoy Brett McGurk arrives in Sulaymaniyah
The US envoy for the Middle East and North Africa, Brett McGurk, arrived today, Saturday, in the Sulaymaniyah Governorate in the Kurdistan Region.
Our correspondent said that McGurk arrived in Sulaymaniyah on an official visit this afternoon.
McGurk's visit coincides with the meeting of the delegations of the two main parties in the Kurdistan region in Sulaymaniyah Governorate, while the two sides will discuss a number of files.
Our correspondent said, "The meeting of the delegations of the Democratic Party and the Patriotic Union of Kurdistan started a short while ago in the city of Sulaymaniyah."
He added, "The delegation of the Kurdistan Democratic Party consists of a member of the administrative body of the political bureau of the party, Mahmoud Muhammad, members of the political bureau, Hemin Hawrami, Pashtiwan Sadiq, and Ali Hussein, and members of the central committee of the party, Jaafar Eminki and Omid Sabah."
He pointed out that "the delegation of the Patriotic Union in the meeting includes a member of the political bureau of the Patriotic Union of Kurdistan, Qubad Talabani, two members of the administrative body of the political bureau, Darbaz Kosrat Rasul, and Aso Mamand, a member of the political bureau in charge of the relations office, Amin Baba Sheikh, and a member of the leadership council." Dara Rashid.
An informed political source revealed, earlier today, Saturday, that the two main parties in the Kurdistan region will meet to discuss a number of files after a break that lasted for months.
The source told (Baghdad Today) that "the two parties will discuss the implications of the Federal Court's decision to prevent sending money to the region, as well as the file of holding elections for the Kurdistan Parliament during this year."
on the 16th of this month, Brett McGurk visited the Kurdistan Region from Baghdad.
Upon his arrival in Erbil, McGurk, along with his accompanying delegation, held a meeting with the President of the Kurdistan Region, Nechirvan Barzani, to discuss a number of files.
This visit comes after a meeting he held with Prime Minister Muhammad Shia'a al-Sudani in Baghdad, during which he affirmed his country's support for the success of the federal government and its reform program.
He also indicated that the United States continued to provide advice to Iraqi forces in their fight against ISIS, and renewed the US administration's commitment to the strategic framework agreement.
McGurk also conveyed his country's welcome to the outcomes of the Baghdad / 2 conference, the efforts to develop joint infrastructure projects between Iraq and its surroundings, and its welcome to the upcoming visit of Foreign Minister Fuad Hussein to Washington to hold meetings of the Supreme Coordinating Committee of the strategic framework agreement between the two countries.
We will negotiate with Washington.. Al-Sudani acknowledges the existence of a rise in prices and confirms: Our financial situation is the best since 2003
he Prime Minister, Muhammad Shia' al-Sudani, acknowledged the existence of a rise in prices, indicating that the window for selling the currency "distorted" the financial and banking systems in Iraq, stressing that our financial situation is the best since 2003.
In an interview with France 24, Al-Sudani said, "There is a rise in prices as a result of fluctuations in the exchange rate of the dollar, but overall our financial situation is the best since 2003. We have continuous oil revenues and food stocks."
He added, "We have important procedures and decisions that contribute to achieving structural economic reform in the financial and banking system, which witnessed distorted trade over the past years through the currency sale window."
Al-Sudani added, "There are question marks that these standards are to be applied at this time or at this point in time from a 3-month-old government, while they were absent for years in previous governments. The sale of dollars exceeded $300 million per day, in non-trade." Legitimate, money comes out under the headings of smuggling and money laundering.
Prime Minister Muhammad Shia al-Sudani said, "A delegation headed by the Minister of Foreign Affairs and a group of specialists will visit Washington, bringing with it several files. One of these files will be dealt with with the US Federal Bank and the Treasury Department, to find out the repercussions of applying the standards set by the US Treasury in a way that guarantees the desired goal." from all sides."
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