The rise of the currency reserve to 58 billion dollars .. And adviser Abbadi reveals the secret of the stability of the dinar exchange rate

August 10, 2018

11:09 PM

Baghdad Post

The rise of the currency reserve to 58 billion dollars .. And adviser Abbadi reveals the secret of the stability of the dinar exchange rate

The economic adviser to the Prime Minister of the appearance of Mohammed Saleh, on Friday (August 10, 2018), that the Iraqi economy is supported by strong financial flows, indicating that the current account of the balance of payments recorded a relative surplus contributed to support the dinar.

“The other factor supporting the stability of the Iraqi currency is the strengthening of the central bank’s reserve of foreign currency, which has risen in the last ten months from 41 billion dollars to 58 billion dollars, which covers 15 months,” Saleh said in a statement carried by Kuwait News Agency (KUNA). While the global standard only requires three months of importation. ”

The economic adviser to the Prime Minister, “the policy of the Central Bank of Iraq, which was able to use its reserves of hard currency in defense of the stability of the Iraqi dinar exchange rate in a rational and smart in difficult circumstances.”

“Although monetary policies are often short-term, the central bank’s policy in the foreseeable future is strong, stable, highly transparent and always intervening in the market,” he said, expressing confidence in the future of the Iraqi dinar. “The dinar will remain strong. And there will be a balance between the exchange rate and maintain the limits set within the green lines of the reserves of the fundamental dinar.


URGENT Federal Court sets the date for the commencement of constitutional terms to form the three presidencies (expanded)

Date of release: 2018/8/11 0:10

{Baghdad: Al-Furat News} The Federal Supreme Court set the date of the commencement of constitutional terms to form the three presidencies.

A spokesman for the Federal Court, Ias Samok, in a statement on Friday evening received the agency {Euphrates News} a copy of it that “the constitutional terms for the formation of the three presidencies (Presidency of Parliament and the Assembly and the Council of Ministers) begin after the announcement of preliminary results.”

He explained that “the stage of appeals takes up to two weeks starting from the date of publication of the results in the newspapers, not from the date of the official statement, as happened yesterday, where these appeals are submitted to the Board of Commissioners and referred to the Electoral Judicial Commission and the period is distributed {3} To announce the objections to be resolved by the judiciary within ten days, in accordance with Article 8 of the law of the Independent High Electoral Commission No. 11 of 2007, and the Declaration will be in three local newspapers in Arabic and Kurdish.

“The Commission is sending the final lists to the Federal Supreme Court to ratify them, noting that the process of ratification of the previous elections lasted only four days, including two days of public holiday, there is no time limit for the specific procedure.”

And between “the process of ratification either to support the names, or to postpone the right of proceedings brought up until the resolution, or refusal to ratify the convicted by a court ruling that the alternative of the same electoral entity and the province of those who have been excluded, – who is delayed ratification has the opportunity to issue After the acquittal of a decision acquitted innocence or release for lack of evidence, and may be revoked ratification if convicted by a court order. ”

“The conviction does not mean that the candidate must be imprisoned or imprisoned. The sentence may be suspended or fine. There is a difference between the conviction that the criminal act is proven and the punishment that he is committing as a result. .

“The President of the Republic {Fuad Masoum] calls for the new Council to convene within fifteen days of ratification and the first session is held under the chairmanship of the oldest members and includes three procedures: 1 – echo section, 2 – the registration of entities to know the most numerous cluster, Chairman and Vice-Chairmen of the Council. ”

He pointed out that “the first meeting must start with the President of the age and the president-elect to carry out its mission during the same day and not remain open at all – within three days of the first session and after the election of the Speaker of the House of Representatives opens the door for nomination for the post of President of the Republic Month of candidacy “.

He added that “the President of the Republic assigns the candidate of the parliamentary bloc the most numerous recorded in the first meeting of the Council of Representatives, the formation of the government within 15 days of his election, and the taxpayer to finish the selection of cabinet cabinet and prepare his government program and presented to the House of Representatives within 30 days of the mandate and no objection Of the non-submission of some candidates and assigning bags by proxy. ”

On the judges assigned to the administration of the Electoral Commission, Samok said, “As for the judges who are apprentices under the Third Amendment to the Law of the elections of the House of Representatives No. 45 of 2013 Article IV, {the functions of judges assigned upon the ratification of the Federal Supreme Court on the results).

Political place: Suron and wisdom and victory closest to the formation of the largest bloc

Date of release: 2018/8/10 20:55

(Baghdad: Al-Furat News) saw a political analyst, n Alliance Suron and the stream of national wisdom and the coalition of victory is the former to form the largest parliamentary bloc and the next government.

“There is a political speech to raise the balance on the other and not agree on a candidate for prime minister and one program, as well as the contradiction between some blocks hinder the formation of the government,” pointing out “there are efforts to alliance between victory and rest and wisdom.”

He pointed out that “the supreme religious authority stressed today the need to take responsibility and fulfill the promises and covenants and commitment to the citizen.”

“Saadi pointed out that” some of the conditions of Mr. Moqtada al – Sadr, in naming a candidate for prime minister is difficult can not be applied now and may be realized at another time because of the reality of quotas between the blocks.

He pointed out that “the problems between Baghdad and Erbil require explicit and bold laws to address them,” noting that “the Kurds are afraid to hold a referendum in Kirkuk and the disputed areas because of fear of a demographic and loss of power management.”

URGENT Iraq cancels dollar deal with Iran to avoid US sanctions

Date of release: 2018/8/10 16:09

{International: Euphrates News} Prime Minister Haider al-Abadi’s office revealed that Iraq would have to give up the dollar in trade accounts with Iran, under US sanctions imposed on Tehran.

“Sanctions will have a major impact on remittances and dollar-denominated transactions, as the two sides have agreed to move away from the dollar,” Saad al-Hadithi, the agency’s spokesman, told Russian news agency RIA Novosti.

He predicted that “the abandonment of the US currency negatively affect the trade between the two countries,” noting that “it will be difficult to maintain the level of trade under the sanctions imposed on Tehran.”

Al-Hadithi stressed that the government will develop a “new mechanism” to boost trade relations between the two sides to reduce the impact of sanctions on the two countries’ trade.

The first package of new US sanctions on Iran entered into force last Tuesday and the second package of sanctions will be implemented in November.

The first package includes the freezing of financial transactions and imports of raw materials, as well as targeting the automotive and commercial aviation sectors.

The sanctions also prohibit the Iranian government from buying or possessing US currency, Tehran’s trade in precious metals, commercial transactions in Iranian rials, and activities related to Iran’s sovereign debt issuance.

victory” announced the agreement with three parties on the bulk of the bloc and agree with the Kurdistan Democratic

Twilight News

one hour ago

“Khaled al-Obeidi, head of the negotiating team of the alliance,” victory “led by Prime Minister Haider al-Abadi on Friday to reach an agreement on the terms of the outline of the formation of the largest bloc with the alliance,” Saroon “supported by the leader of the Sadrist movement Moqtada al-Sadr, Ammar al-Hakim, and a coalition of “national” led by Vice President Iyad Allawi.

“The preliminary talks with the delegations of wisdom and patriotism came out with positive results and common understandings,” said al-Obeidi, head of the victory list in Nineveh governorate and a sponsor of the list of good deeds. “The talks agreed to outline the work program of the next government, , Stressing the need to reject the principle of quotas in the formation of the government.

He explained that “was agreed with the stream of wisdom and the national list to put the terms of the agreement and discussed and agreed upon in preparation for signing before announcing the formation of the largest bloc formally.”

And on the nearest blocks to the alliance, “victory” to form the largest bloc, said Obeidi: “We are now a major consensus with coalitions (s) and wisdom and national, in addition to the existence of advanced understandings with the Kurdistan Democratic Party and we have continued with the brothers in the alliance of conquest.”

He continued by saying that “the doors of the Alliance of Victory is open to all blocs believing in rejecting the principle of quotas and is ready to contribute and cooperate in the fight against corruption and the pursuit of corrupt and any party or mass was, and has the ability to rebuild state institutions, and consider the re-enactment of service laws and investment and economic able to provide the largest number Of jobs for the unemployed, and to ensure a decent and free life for the Iraqis. ”


The results of the elections: Suron keeps the lead and increase the seat of the opening and victory III

Date of release: 2018/8/10 8:48


The results announced by the Board of Commissioners in the Electoral Commission, on Friday, that the leader of the Sadrist movement Moqtada al-Sadr retained through the alliance, which supports the top of the parliamentary elections that took place on May 12 after the manual counting of votes.

On Friday, the Independent High Electoral Commission (IHEC) issued the results of the manual counting ordered by parliament in June after widespread allegations of irregularities cast a shadow over the integrity of the electoral process.

The Commission said that the results of counting and manual counting in 13 of Iraq’s 18 governorates are identical with the preliminary results.

Three months after the elections, winning parties are still negotiating the formation of the next ruling coalition, with no sign of an impending outcome.

The recount did not change the initial results significantly. Sadr kept the same 54 seats.

The Fatah alliance led by Hadi al-Amiri remained in second place after Sadr’s bloc but won an additional seat to become 48 seats, with the victory coalition headed by Prime Minister Haider al-Abbadi in the third place with 42 seats.

Sadr, who supports popular protests in southern provinces against poor services, unemployment and widespread corruption in state institutions, issued a list of 40 conditions the new prime minister must meet, including political independence, non-re-election and his bloc joining a coalition.

He said he would be in political and popular opposition unless conditions are met.

The partial counting and sorting process was launched on July 3, following the decision of the Federal Court issued under the appeals submitted to the third amendment to the law of the elections of the House of Representatives voted on June 6 last year.

The results of the recent parliamentary elections have generated considerable controversy among the political circles, which called on the Council of Representatives to hold an emergency session on 6 June, during which voted on the third amendment proposal to the Law of the elections of the House of Representatives No. 45 of 2013, which included the re-counting and manual counting of all polling stations and the assignment of nine Judges for the administration of the Electoral Commission.

Countdowns began in parliamentary elections in early July, bringing Iraq closer to a new government that was delayed for weeks

The Central Bank receives a quality management certificate in the field of cash management

Economy News Baghdad:

The Central Bank announced that it has received a quality management certificate in the field of cash management.

“After two years of intensive work to achieve compliance with ISO 9001: 2015 , the Central Bank of Iraq (CBI) has obtained a Quality Management System (QMS) certificate in the field of quality management, Cash management “, and thanked all those who contributed to this achievement.

The ISO 9001 standard is the world’s most widely used standard for quality management systems. This standard helps organizations meet customer demand and expectations , monitor quality and manage operations, improve the company’s services, and develop business performance in various areas.

Kubic hopes to form new government by Eid al-Adha

– 8/10/2018 1:33:00 AM

Khandan –

The head of the United Nations Assistance Mission for Iraq (UNAMI), Jan Kubic, hopes that by the end of Eid al-Adha, the government will meet the aspirations of Iraqis who, in their recent demonstrations, have sent a “very strong message” expressing their frustration with the political system and “foreign interference” .

“There is a chance that the religious authority will influence the thinking of the political forces,” Kubic said in an interview with Asharq Al-Awsat. He called on the authorities in Baghdad to continue the policy of openness initiated by Prime Minister Haider al-Abadi with neighboring countries, especially Saudi Arabia and the Gulf states.

Kubic noted that the formation of the government coincided with the demonstrations in the south of the country where “people have sent a very strong message about what they expect from the coming government” that “needs to meet their needs, the country’s need for very deep reforms, fighting corruption and so on.”

“There is an opportunity for Mr. Ali al-Sistani to express his opinion and certainly influence the thinking of the political forces,” he said, adding that people had addressed “messages by expressing their aspirations for the future government and its program.”

Kubic expressed his hope that the new government will be formed after the counting of votes and the approval of the results by “Eid al-Adha holiday, perhaps after or before the Eid.” He hoped that “political parties will accelerate to the final stage of consultations to form a government” Reform and meet the aspirations of people and their needs and have the political will to do so. ”

The Electoral Commission’s policy goes back to the administration and judges running for one mission

Twilight News

33 minutes ago

A source in the Electoral Commission for elections on Friday that the work of judges assigned to continue until the consideration of appeals for the results of manual counting.

Last month, magistrates began re-counting and manually recounting the results of the May elections following reports of fraud, as well as parliamentary and government commissions confirming fraud in many stations.

However, the results announced yesterday by the judges showed a slight change between the results of the Electoral Commission according to the electronic system with the results of manual counting, which lasted for more than a month.

The source told Ashqaf News, “The work of judges assigned to continue to consider appeals and sent to the Electoral Judicial Authority and then send the names of the winners of the Federal Court for final approval.”

“For the frozen board of commissioners, under the law, his arrest ends with the end of the ministerial committee that has completed its work and has been approved by the prime minister.”

And “practically can not be there two councils at the same time and therefore can not be initiated only after the ratification of the federal.”