Al-Darraji Demands The Central Bank To Adopt A Real Rate Of The Iraqi Dinar

On November 24, 2020

Al-Mustaqilla .. MP Muhammad Sahib Al-Darraji called on the Central Bank to adopt the real price of the Iraqi dinar, away from the prices offered in the currency auction.

Al-Darraji said in a tweet on his Twitter page, Tuesday, “The central bank must adopt a real price for the dinar, away from breaches of the window of selling the notorious currency.”

He also called for “disclosing bills and documentary credits provided by banks in exchange for transferring hard currency abroad and checking their credibility.”

Al-Darraji stressed that the bank’s failure to do so is that it “is considered an accomplice in the crime and we will have to resort to legal methods to remedy this defect.”

The window of selling the currency in the central bank faces many criticisms, while leaks stated that a number of banks acquire the amounts that are being traded in the currency auction for the purpose of increasing their profits.

Al-Kazemi government discloses the date for approving the 2021 budget


Tuesday 24 November 2020 | 06:11 pm

Today, Tuesday, the government of Iraqi Prime Minister Mustafa Al-Kazemi announced the date for approving the country’s general budget for the next year 2021 .

The spokesman for the Council of Ministers, Minister of Culture, Hassan Nazim, said in a press conference held today, after the end of the cabinet session, that “in the absence of a general budget for the country, it is not possible to declare sending sums of money to the Kurdistan Region,” in response to his question about Previous statements by Ahmed Mulla Talal, spokesman for the Prime Minister .

The Minister of Culture stated that “the Cabinet has devoted the next session to approving the General Budget Law for 2021.”

In detail .. Parliamentary Finance reveals violations of the currency auction

Time: 11/24/2020 18:58:39 Read: 2,418 times

{Baghdad: Al Furat News} The Finance Committee revealed, on Tuesday, exciting details of the violations in the currency auction.

The committee’s rapporteur, Ahmed Al-Saffar, said “to the Euphrates News} that” the currency window is one of the existing problems related to the central bank, in addition to other issues related to damaged money, the bank’s building, and other things. ”

He pointed out that “actually this window does not exist in any country other than Iraq, and the foreign currency {dollar} is sold to banks that benefit from the price difference,” revealing, “There are more than 60 numbers that are used and the profit goes to the banks.” 

Al-Saffar added, “National banks provide unrealistic investments,” explaining, “If we calculate the customs tax revenues on the basis of the size of the dollar sold against the imposed import, the annual amounts are not less than 7 billion dollars.”

He added, “But in reality it is less than a billion and the beneficiaries are the banks.”

Al-Saffar called for “the necessity to find a solution to this window by linking it to the customs tax, and the collection will be made when selling the dollar, or transferring the currency to the Ministry of Finance, and it will be the only one who disposes of oil selling dollars.”

The head of the Parliamentary Wisdom Bloc, Faleh Al-Sari, presented an oral question to the Governor of the Central Bank of Iraq, Mustafa Ghaleb Al-Kitab.

Parliament, in turn, extended an invitation to the governor of the bank to attend the session.

The Speaker of Parliament, Muhammad Al-Halbousi, announced in a session, on Monday, that Al-Sari fulfilled his oral question addressed to the Governor of the Central Bank after his answers were satisfied.

For his part, a member of the Parliamentary Integrity Committee, Kazem Al-Sayyadi, revealed, on Monday, enormous money smuggled by corruption of the currency auction of the Central Bank of Iraq.

Al-Sayyadi said in a statement {to Al-Furat News} that the question of the head of the Parliamentary Wisdom Bloc, Faleh Al-Sari, to the Governor of the Central Bank was accurate; But, unfortunately, the answer was inaccurate and vague, and we perceived a favoritism for banks at the expense of the Iraqi people, behind which political forces were standing to steal the people’s money. According to him.

Wafa Al-Fatlawi

The most prominent of what was stated in Blashardt’s speech before the Security Council about developments in Iraq

2020.11.24 – 18:32

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Baghdad – People  

Jenin Hennes Plasschaert, Special Representative of the Secretary-General of the United Nations in Iraq, confirmed, on Tuesday, that the levels of violence in Iraq have significantly decreased, which is encouraging, while she indicated that relations between Baghdad and Erbil are the key to the stability of the country.  

In a briefing she gave, during the United Nations Security Council session, and followed by “People” (November 24, 2020), Blashart said: “The dramatic decrease in levels of violence in Iraq is encouraging.” The elections are free and without any pressure. ”  

She added, “With regard to relations between Baghdad and Erbil, we will all agree on the existence of a positive and constructive relationship between federalism in Iraq, which is the key to the stability of the whole country.”  

She indicated that “the centrality of Iraq in building regional stability is real, and it should be repeated, and it must be protected from competition from foreign powers, and Iraqis must be given a space to focus on their strength at home,” stressing that “the Iraqi leadership continues to assert its independence and sovereignty, and seeks to Maintaining all communication channels open because it adopts a foreign policy that serves the Iraqi national interest. ”  

Plasschaert welcomed the “decrease in attacks on diplomatic missions.”  

“While we fully understand that the Iraqi authorities are working under tremendous time pressure, it must be clear that closing the camps should not lead to another crisis, for example in the form of secondary displacement, which is already happening in Iraq.”

Minister of Culture: The Council of Ministers allocates its next session to discuss the 2021 draft budget law

Editing date: 11/24/2020 18:20


The Minister of Culture, Tourism and Antiquities, Hassan Nazim, revealed, on Tuesday, the Cabinet’s decision to allocate the next session to discussing the draft budget law for 2021 only.

Nazem said in a press conference, “The government is counting on investment projects and it is working through investment and facilitating it to maximize revenues,” indicating that “the government has continuous meetings in order to address errors in the borrowing law.”

He added, “The Minister of Health presented during the Cabinet session a detailed presentation of the developments of the Corona pandemic, and it was recommended that Iraq enter into financial commitments with other companies producing the Corona vaccine to ensure coverage of groups other than twenty percent.”

Nazem stressed, “securing the return of 25,000 displaced people within one month, and preparing a plan to close camps for displaced people in Kurdistan at the beginning of next year.”

He continued, “The Council of Ministers voted for the Ministry of Transport to implement the road linking the Grand Port of Faw and Umm Qasr, and also tasked the Ministry of Education with resolving the draft law of the Scientific Research Authority,” revealing ”

The Minister of Culture continued, “The cabinet also voted on the third annual report of the Council for Combating Money Laundering and Financing Terrorism.”

As he pointed out that “the process of registering biometric cards has reached a rate of 60%,” stressing “the need to review the tenth paragraph of the borrowing law related to the abolition of customs exemptions.”

Mr. Ammar Al-Hakim, to the US ambassador: The cross-components alliance represents an entry point to solve the Iraqi crisis

Time: 11/24/2020 15:19:30 Read: 741 times

{Baghdad: Al Furat News} The head of the Iraqi coalition, Mr. Ammar al-Hakim, discussed with the US ambassador to Baghdad, Matthew Toller, bilateral relations between Iraq and the United States, stressing “the development of relations in a way that serves the two countries and preserves the sovereignty of Iraq.”

Mr. Ammar al-Hakim stressed during the meeting, according to a statement from his office, the Euphrates News Agency received a copy of it “the importance of developing the political process and responding to the changes that have occurred in the social reality in Iraq,” noting that “the cross-component alliance represents an entry point for resolving the Iraqi crisis and a strategic variable in the political equation.” .

Regarding the regional situation, he referred to “the importance of dialogue, calm and focusing on the participants,” stressing “the necessity of dialogue and standing in the middle and giving precedence to the public interest over private interests.”

Mr. Ammar Al-Hakim stressed “the importance of investing human energies and stimulating the Iraqi economy by diversifying sources of income, moving lagging sectors, combating corruption and controlling expenditures to overcome the complex crisis resulting from the decline in oil prices and the outbreak of the Corona virus.”

Ammar Al-Masoudi


Al-Kazemi: Continuous meetings with Parliament to correct errors in the borrowing law

Time: 11/24/2020 15:00:31 Read: 1,742 times

{Baghdad: Al Furat News} The Prime Minister, Mustafa Al-Kazemi, revealed meetings between the government and parliament “to correct errors in the law on financing the fiscal deficit {borrowing}.”

Al-Kazemi said during a cabinet session, today, Tuesday, “We have problems in the borrowing law and it involves some errors, and we have continuous meetings with Parliament to address them.”

“Investing is a priority for us, and the government is keen to facilitate all procedures for investors,” he added.

Al-Kazemi called on “the ministers to pay great attention to investment projects, to provide job opportunities, reconstruction and revitalize all vital sectors.”

“We have been working to maximize state revenues since the beginning of the formation of the government, which must be matched by providing better services to citizens,” he said.

Ammar Al-Masoudi


Brent barrel is at the highest level since March 2020

Editing date: 11/24/2020 12:08 • 70 read times


Brent crude prices reached their highest levels since March 2020, during Tuesday’s trading, as news of a promising third Corona virus vaccine supported hopes for a faster recovery of oil demand.

By 10:27 Moscow time, US West Texas Intermediate crude futures were trading at $ 43.48 a barrel, up 1% from yesterday’s closing price.

Brent crude futures were trading at $ 46.48 a barrel, an increase of 0.91% over the previous settlement. Earlier in the day, Brent rose to a session high of $ 46.65, the highest price in circulation since early March.

“Progress in developing and distributing a vaccine reduces the risks on the path to return to normal for the oil markets,” said Stephen Ins, senior global market analyst at Axi Financial Services.

AstraZeneca said yesterday that its vaccine is 70% effective in basic trials and its effectiveness may rise to 90%, giving the global war against the pandemic a third weapon that can be less expensive, easier to distribute and faster to increase compared to competitors.

The first Kurdish comment on the formation of the Eight Committee to resolve the differences between Erbil and Baghdad

Editing date: 11/24/2020 14:55 • 47 times read


The deputy of the Kurdistan Democratic Party in the Iraqi parliament, Diyar Barwari, welcomed on Tuesday the formation of a committee of representatives to hold dialogues with Erbil and Baghdad.

Berwari said, “We support resolving any disagreement and disagreement between the federal government and the Kurdistan Regional Government, through dialogues and constitutional and legal frameworks,” adding that “the intervention of any party or person to solve such issues is a welcome matter, and the formation of the parliament such a committee is very welcome.” emphasis”.

He stated, “We will support the work of the committee in order to achieve its goals and reach a mechanism that resolves all oil and financial disputes in accordance with the constitution and the 2021 budget law.”

The deputy of the Kurdistan Democratic Party added, “The dispute between Baghdad and Erbil is not between the two governments. Rather, there are political parties that put pressure on the federal government, as they want to use this file as a start to an election campaign to win votes.”

According to the directive issued by Al-Halbousi, the committee is tasked with conducting dialogues with Baghdad and Erbil “to find appropriate solutions, consistent with the constitution and the law, and achieve justice in the distribution of wealth among the people and include them in legal texts in the draft of the general federal budget law for 2021.”

The Iraqi parliament had approved a bill to finance the fiscal deficit (borrowing) without including the salaries of the region’s employees in it, which prompted the Kurdish representatives to withdraw from the session, and this also sparked angry reactions in Kurdistan.

And Baghdad proceeded to cut the salaries of the region’s employees last April, after the government then led by Adel Abdul Mahdi said that Erbil had not fulfilled its budgetary obligations to deliver 250 thousand barrels of oil to the federal government, which the regional government denied.

Over the past few months, the two sides have been engaged in intensive discussions to reach an agreement to resolve the outstanding issues.

Al-Kazemi: The government is keen to facilitate all procedures for investors

11/24/2020 14:04

The number of readings 45

Section : Iraq

Baghdad / Al-Masala: Prime Minister Mustafa Al-Kazemi affirmed, on Tuesday, November 24, 2020, the government’s keenness to facilitate all procedures for investors.

Al-Kazemi said during the cabinet session that investment is a priority for us, and the government is keen to facilitate all procedures for investors.

He added that the ministers should pay great attention to investment projects, to provide job and reconstruction opportunities and revitalize all vital sectors.