Parliamentary Finance warns against moving towards changing the dinar exchange against the dollar: 3 categories will pay the price!

Policy 02/20/2020 21:44 165    

Baghdad today – Baghdad,

the Finance Committee of the Iraqi parliament, Thursday (2 July 2020), commented on news that there are possible intentions to change the exchange rate of the dollar against the dinar within the expected financial reform law.

The committee’s rapporteur, Ahmed Saffar, said in an interview with (Baghdad Today), that “until now we have not seen the draft financial reform law, but there are information and leaks, we report that there is an intention to change the exchange rate of the dollar against the dinar, but we do not know its accuracy until the moment, as there is Some deputies went for this option, and there is also parliamentary opposition to this approach. ”

And Al-Saffar said that “any devaluation of the dinar or dollar will cause inflation in prices because it will reduce the purchasing power of the Iraqi dinar, and here the affected people with limited income from employees, contracts and renters will be affected,” noting that “within monetary policy, this is the last solution to the crises.”

The economist Rasem al-Akidi warned, Thursday (14 May 2020), of floating the Iraqi dinar against the dollar, that is, reducing the value of the Iraqi dinar against the dollar, according to a proposal put forward by economists to provide additional funds for the Iraqi budget to be paid as salaries for employees.

Al-Aqidi said in an interview with (Baghdad Today), “The issuance of any decision to float the dinar against the dollar in light of the current conditions in Iraq is very dangerous for the country which is basically suffering from uncontrollable losses, namely fees, customs, taxes and many other financial resources.”

And that “the flotation does not constitute an increase in the value of the Iraqi dinar, but rather we will see an increase in the exchange rates of the dollar because of the lack of its acquisition in the global market, especially with the decline in international oil prices.”

He added that “the flotation will lead to a significant increase in prices and will be paid by the poor,” noting that “the flotation is taken in light of the stable financial conditions of the state, as well as the diversification of the economy and its dependence on resources other than oil.”

Al-Aqidi pointed out that “floating the dinar against the dollar is launching the process of buying and selling without any limits, and the country will face an unprecedented rise in prices with limited and steady salaries, so conditions will be more difficult, especially in the humanitarian context.”

Economists suggested reducing the value of the Iraqi dinar against the dollar by a value ranging between 1300 dinars or 1400 against one dollar to provide additional budget resources that allow part of the salaries to be spent, while others considered that any proposed float process may go out of control and cause a significant increase in the price of the dollar against the Iraqi dinar.

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Joint operations reveal the beginning of “significant” coordination between Baghdad and Erbil

Security

02/20/2020 11:22:38

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Shafaq News / The joint operations command in the Iraqi army revealed, on Thursday, the beginning of coordination that it described as “significant” between Baghdad and Erbil to maintain security in the country.

The spokesman for the joint operations, Brigadier Yahya Rasoul, said, “The talks between Baghdad and Erbil are the beginning of a large coordination in order to maintain the security of Iraq,” according to Sky News Arabia.

Baghdad and Erbil have been holding talks for months to resolve the outstanding differences between them for years, led by resuming security coordination to maintain security in the disputed areas between the two sides.

ISIS activity has increased markedly in these areas since the Peshmerga forces withdrew from them following the escalation of tension between Baghdad and Erbil  against the backdrop of the independence referendum in 2017.

And on the intense Turkish bombing of border areas in the Kurdistan Region since the middle of last month, Rasul said that “there are contacts taking place at home and abroad to stop the Turkish aggression in the north of the country.”

Earlier Thursday, Secretary General of the Peshmerga Ministry, Lieutenant General Jabbar Yawar, revealed efforts to form a coordination center between the Peshmerga and Iraqi forces in Diyala, Kirkuk and Nineveh to implement joint operations against ISIS.

“The meeting held by the Supreme Committee for Coordination and Military and Security Action between the Federal Ministry of Defense and the Peshmerga was fruitful,” Yawer said in statements carried by the news agency of the Baghdad government. Some areas, especially in Diyala, Kirkuk and the regions of Karabakh. ”

Yawar added that “the meeting reached understandings on the issue of establishing coordination and joint work centers in Diyala, Kirkuk and Nineveh, and the mechanism of these centers was discussed,” noting that “during the meeting, they discussed how to start joint military operations from the army and the Peshmerga against ISIS terrorists in those governorates and establish Common defensive lines. ”

He pointed out that “there will be a meeting before the end of this month to start work and joint cooperation to completely eliminate terrorism in these areas.”

Turkey has intensified its air and artillery shelling of border areas within the Kurdistan Region for more than two weeks, which has caused human and material losses. Ankara says it is targeting the PKK militants.

The bombing sparked condemnation of the Kurdistan Regional Government, which also demanded Kurdistan Workers’ fighters to leave the region to avoid tensions.

In an indication of the return of coordination between Baghdad and Erbil, the Iraqi government deployed, yesterday, Wednesday, the border guards in an area in Dohuk governorate that had recently been subjected to Turkish bombing.

https://www.shafaaq.com/ar/%D8%A3%D9%85%D9%80%D9%86/%D8%A7%D9%84%D8%B9%D9%85%D9%84%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B4%D8%AA%D8%B1%D9%83%D8%A9-%D8%AA%D9%83%D8%B4%D9%81-%D8%A8%D8%AF%D8%A7%D9%8A%D8%A9-%D8%AA%D9%86%D8%B3%D9%8A%D9%82-%D9%83%D8%A8%D9%8A%D8%B1-%D8%A8%D9%8A%D9%86-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D9%88%D8%A3%D8%B1%D8%A8%D9%8A%D9%84/

Barzani stresses the need to solve outstanding problems with Baghdad

Political | 06:15 – 02/07/2020

Baghdad – Mawazine News,

President of the Kurdistan Regional Government, Masroor Barzani, stressed on Thursday the need to solve outstanding problems with the federal government.

The media office of the President of the Kurdistan Government, in a statement received / Mawazine News / a copy of it, stated that “Barzani received the Minister of Communications in the Federal Government Staff Shahab Ahmed Al-Shaibani and the accompanying delegation.”

The statement added, “The meeting, which was attended by the Minister of Transport and Communications in the Kurdistan region, Anu Johar, and the head of the executive branch of the Iraqi Information and Communications Authority, Ali Al-Khowaildi, discussed ways to develop relations between the Kurdistan Region and the federal government, especially in the field of communications.”

The Iraqi Minister of Communications expressed his ministry’s readiness to provide all forms of support to the Kurdistan Region with the aim of developing the telecommunications sector in Iraq and the region.

He added: “We respect the privacy of the Kurdistan Region, and we look forward to establishing the best relations with it,” stressing that “what is in the interest of Iraq is in the interest of the region and vice versa.”

For his part, the President of the Kurdistan Regional Government stressed the “need to solve outstanding problems with the federal government in accordance with the constitution, whose implementation is an important factor in the development of Iraq and the stability and security of Iraq.” Ended 6/29 n

https://www.mawazin.net/Details.aspx?jimare=108044

Al-Kazemi Businessmen: Our doors are open to you in case you are blackmailed and bargained

Political | 04:48 – 02/07/2020

Baghdad – Mawazine News

, Prime Minister Mustafa Al-Kazemi stressed on Tuesday the need for the private sector to pay taxes to boost state revenues, while noting that the government’s doors are open in case they are subjected to electronic blackmail.

And Al-Kazemi’s office stated in a statement that Mawazine News received a copy of it. In the country, and ways to overcome them. ”

Al-Kazimi said, “The current government is a government of consensus, solidarity and national understanding to overcome the crisis and cross Iraq to safety, and not a government to settle accounts, so that it affects the provision of services to the citizen and achieve what he aspires, but the target is the corrupt and Iraq is going through today many challenges that come at the forefront, Corona’s pandemic and its repercussions on the economy, “calling on all parties, unions, as well as the private sector, and social activities to” come together and cooperate to meet these challenges. ”

The Prime Minister pointed out, “The importance of the private sector in Iraq, and the need to strengthen it and encourage it to take its leadership role in a way that enables it to revitalize the Iraqi economy, and the government is today going strongly to support the private sector, and to find appropriate climates to activate it and contribute to building the country,” explaining that “the government seeks to Iraq will be an attractive environment for investment and investors, not a repulsive environment. ”

He added, “There are blackmail operations that the private sector is exposed to, and that the government has deterrent measures to hold accountable and prosecute those who carry out blackmail and bargaining,” stressing that “the doors of the Prime Minister’s Office are open to businessmen to present their complaints about any blackmail they may be exposed to, and any corruption case.” It is treated with all seriousness and the owners are legally pursued. ”

He pointed out, “The government is working to liberate the Iraqi economy from its mortgage with oil, and to pay attention to the sectors of industry, agriculture, tourism, services, investment, transport, etc.”, stressing “the government’s seriousness in fighting corruption in all joints of the state, especially border crossings.”

He stressed, “The necessity of the private sector’s obligation to pay taxes in order to boost state revenues, as well as withdraw any vacation or investment opportunity that has not been activated.” Ended 29 / h

https://www.mawazin.net/Details.aspx?jimare=108031

The central bank announces financial assistance with 3-month salary insurance and talks about the date for the June wage payment

Localities 02/07/2020 09:02 5344 Editor: ha    

Baghdad today – Baghdad

On Thursday (02 July 2020), the Central Bank of Iraq announced that it would assist the Ministry of Finance in securing three-month salaries, while talking about the date for the disbursement of the salary of last June.

“A directive issued by re-dividing bonds in favor of the Ministry of Finance by about 8 trillion dinars,” said Ihsan Shamran, Director General of Accounting at the Central Bank, in a statement carried by the official news agency.

He added, “These bonds will enable the Ministry of Finance to secure employee salaries for the months of July and August,” noting that “the central bank has made it easy for the Ministry of Finance to process the debt repayment for a period of 10 years.”

Shamran indicated that “the Ministry of Finance can receive money from banks,” noting that “the payment of employees’ salaries is likely at the beginning of next week.”

The Director General of Accounting stressed that “the central bank has a major role in facing the current financial crisis that Iraq is going through.

A breakthrough in the employee salaries file … Source: Finance directed to distribute it starting next week

Economie 7/20/2020 15:55 1222 Editor: ha    

Baghdad today – Baghdad

An informed source said, on Thursday (2 July 2020), that the June salaries of employees will be paid early next week.

The source said, in an interview with (Baghdad today), that “the payment of employees’ salaries for the past month will start at the beginning of next week, after a directive from the Ministry of Finance.”

He added, “The Ministry of Finance instructed banks to distribute salaries to state employees starting from the beginning of next week,” noting that “the process of distributing salaries to ministries will be progressive until they are completed by the end of next week.”

The source pointed out that “the central bank agreed with the finance and banks to launch discount bonds to provide salaries for three months.”

Earlier, the Central Bank of Iraq announced, on Thursday (02 July 2020), the Ministry of Finance’s assistance in securing three-month salaries, while talking about the date for the disbursement of the salary of last June.

“A directive issued by re-dividing bonds in favor of the Ministry of Finance by about 8 trillion dinars,” said Ihsan Shamran, Director General of Accounting at the Central Bank, in a statement carried by the official news agency.

He added, “These bonds will enable the Ministry of Finance to secure employee salaries for the months of July and August,” noting that “the central bank has made it easy for the Ministry of Finance to process the debt repayment for a period of 10 years.”

Shamran indicated that “the Ministry of Finance can receive money from banks,” noting that “the payment of employees’ salaries is likely at the beginning of next week.”

The Director General of Accounting stressed that “the central bank has a major role in facing the current financial crisis that Iraq is going through.”

https://baghdadtoday.news/ar/

Al-Kazemi instructs the selection of competent personnel from the border crossings

Baghdad / news

On Thursday, Prime Minister Mustafa Al-Kazemi instructed the border crossing points to select competent personnel from the border crossing employees.

A statement on the ports received by “Al-Akhbariya” stated that “President of the Border Ports Authority Omar Adnan Al-Waeli participated in the special meeting to discuss the reality of the border ports and ways to improve their performance in order to achieve the implementation of the government program strategy and enhance the state’s revenues in light of the financial and economic crisis that our country is going through, which A contract headed by Prime Minister Mustafa al-Kazemi.

Al-Waeli said, according to the statement, “The meeting with the Prime Minister had important outputs by agreeing on a number of measures necessary for the provisions of control of the mechanism of work in border crossings and finding plans to increase the level of revenue and stressing the prevention of any external interference aimed at tampering with the state’s capabilities and creating a safe environment for workers in Border crossings. ”

Al-Waeli added that “Mr. Prime Minister’s directives were accurate and practical by emphasizing the selection of competent personnel from the border workers with experience and integrity and professionalism to perform their work and achieve the desired goals through them.”

Al-Waeli said that “there are a number of important decisions that will be issued to reinforce the work of the Port Authority with the provisions of its strict control through its legal powers in supervision, control, audit and security investigation of all departments operating in the ports in a way that achieves government directions and supports the federal budget by maximizing revenue.”

He continued, “This interest by the Prime Minister gave a positive and real image of the state’s interest in reforming the reality of the border outlets through consultations with the relevant authorities to reach the desired goal of the provisions of control and reform the reality of the border outlets.”

https://www.ikhnews.com/index.php?page=article&id=220423

A new development regarding the salaries of the next three months in Iraq

Economy

02/20/2020 04:50:11

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Shafaq News / The Central Bank of Iraq, on Thursday, suggested paying the salaries of state employees at the beginning of next week, indicating a re-deduction of bonds to the Ministry of Finance to secure salaries for a period of three months.

Ihsan Shamran, Director General of Accounting at the Central Bank, said that “the central bank has a big role in facing the current financial crisis.

He added that “these bonds will enable the ministry to secure the salaries of employees for the months of July and August and September, noting that the bank has made it easier for the Ministry of Finance to process the debt repayment for a period of 10 years.”

Shamran pointed out that “the Ministry of Finance held talks with the Central Bank and some banks to re-deduct these bonds, noting that the bank met with the finance and banks and deducted these amounts and deposited them in the Rafidain and Rashid accounts and the retirement board.” According to the Iraqi News Agency.

He pointed out, “Depositing 4 trillion and 300 billion dinars in the accounts of banks since last Wednesday, pointing out that the finance can receive money from banks, suggesting that” the salaries of employees be paid at the beginning of next week. ”

And Shamran said that “the central bank stands with the government to support the public finances from any crisis that it may face, noting that the size of banks’ cooperation is relatively limited except for Rafidain, Al-Rasheed and the Iraqi Bank for Trade.

He suggested, “the financial crisis will ease with the recovery of oil prices and the global economy,” noting that “the state is working towards improving public financial resources through the activation of taxes and customs in addition to oil resources.”

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