Negotiations between Iraq and the International Monetary Fund to determine the exchange rate of the dinar

MONDAY, 07-12-2020, AM 11:50
KARRAR AL-ASADI
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The Parliamentary Finance Committee revealed, on Monday, negotiations that the Iraqi government is conducting with the International Monetary Fund to determine the exchange rate of the dinar against the dollar in Iraq.

The official Al-Sabah newspaper quoted the committee’s rapporteur, Ahmad Al-Saffar, as saying that one of the reasons for the “budget delay is due to negotiations between the Ministry of Finance and the International Monetary Fund to determine the exchange rate of the Iraqi dinar.”

Al-Saffar revealed that “there are opinions to reduce the exchange rate of the Iraqi dinar against the dollar,” indicating that “this measure will lead to inflation and negatively affect those with limited incomes who depend on their salaries.”

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Kurdistan Parliament delegation to visit Baghdad amid 2021 budget talks

Halgurd Sherwani |

An hour ago

Kurdistan Parliament Deputy Speaker Hemin Hawrami speaks during a press conference. (Photo: Kurdistan Parliament/Archive)

ERBIL (Kurdistan 24) – A delegation of legislators from the Kurdistan Parliament will visit the Iraqi capital Baghdad next week to meet their Iraqi counterparts and officials, expressing “legal and parliamentary” support to the Kurdistan Regional Government (KRG) delegations in talks with the Iraqi government on the autonomous region’s share in the 2021 budget, a Kurdish deputy speaker said.

The remarks came following the return of a high-level KRG delegation who recently visited Baghdad to hold talks with their counterparts in the Iraqi capital over the Kurdistan Region’s share in the under-preparation 2021 budget bill, which is now progressed “positively to a mutual understanding.”

Read More: KRG: Erbil, Baghdad reach ‘mutual understanding’ on draft 2021 budget bill

A high-level Kurdistan Parliament delegation will visit Baghdad next week to initiate dialogue with relevant authorities in Baghdad and to express the outlook of legislators’ on supporting the KRG, Hemin Hawrami, the deputy speaker of parliament, told Kurdistan 24 on Monday.

“The KRG delegation is the specialized entity to negotiate with Baghdad, but they need support from the Kurdistan Presidency and Parliament,” Hawrami said.

The delegation will consist of the major parliamentarian blocks, according to Hawrami.

The Iraqi council of ministers is preparing the 2021 budget bill, which will be sent to the council of representatives for approval.

The new budget bill is prepared amid one of the harshest economic crises the country ever faced in its history, exacerbated by the global COVID-19 pandemic, which slashed oil prices that constitutes Iraq’s economic lifeline.

The relations between the Kurdistan Region and the Federal Government of Iraq are rocky as many issues, including land disputes and Kurdistan’s share of the federal budget, remain unresolved.

Editing by Karzan Sulaivany

kurdistan24.net

The Iraqi Foreign Minister stresses the need to strengthen banking cooperation between Baghdad and Washington

Part of the meeting of Iraqi Foreign Minister Fuad Hussein with Kimberly Reed, President of the United States Import and Export Bank

07 December 2020 02:35 PM

Mubasher: The Minister of Foreign Affairs, Fouad Hussein, stressed today, Monday, the importance of joint relations between Iraq and the United States of America, and the need to upgrade them in various fields, especially the development of banking relations between the two sides.

The Foreign Minister, in a meeting with Kimberly Reed, President of the United States Import and Export Bank, on the sidelines of the Manama Dialogue Forum 2020, expressed his aspiration to benefit from the banking expertise of American banks, according to a statement issued by the ministry.

The aspects of implementing the memorandum of understanding between the bank and the Ministry of Finance, which were signed in 2019, were discussed, and how to benefit from the amount allocated in the memorandum in the fields of agriculture, investment, trade and others.

The Minister of Foreign Affairs invited the president of the bank to visit Baghdad. To discuss the files of cooperation between the bank and the Iraqi government.

https://www.mubasher.info/news/3730874/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A%D8%A4%D9%83%D8%AF-%D8%B6%D8%B1%D9%88%D8%B1%D8%A9-%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81%D9%8A-%D8%A8%D9%8A%D9%86-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D9%88%D9%88%D8%A7%D8%B4%D9%86%D8%B7%D9%86/

Al-Kazemi on the 2021 budget: We will discuss it today or tomorrow Tuesday

07/12/2020 09:30

The number of readings 70

Section : Iraq

Baghdad / Al-Masala: Prime Minister Mustafa Al-Kazemi confirmed, Monday, December 7, 2020, that his government will discuss the draft budget for 2021, today, Monday or tomorrow, Tuesday, while noting that one of the priorities of the budget is to create job opportunities for graduates.

Al-Kazemi said in a press statement that the 2021 budget will be discussed today or tomorrow, noting that one of its priorities is to create job opportunities for graduates.

The Prime Minister had directed the Ministries of Finance and Planning to send the 2021 budget to the Cabinet Secretariat for discussion and forwarding to the House of Representatives.

The government spokesman stressed that there are job grades in the event that the 2021 budget is approved, and one of the government’s priorities is to grant it to those who deserve it.

While the Iraqi Council of Representatives indicated, on Sunday, December 6, 2020, that the approval of the 2021 budget will be faster than its predecessors.

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Iraq sends an invitation to the President of the US Federal Bank to visit Baghdad

12/07/2020 11:16

The number of readings 40

Section : Iraq

Baghdad / Al-Masalla: Foreign Minister Fouad Hussein met, Monday, December 7, 2020, Kimberly Reed, President of the United States Bank for Import and Export, on the sidelines of the Manama Dialogue Forum 2020.

In a statement received by Al-Masalla, the Foreign Ministry stated that the Foreign Minister stressed the importance of the joint relations between Iraq and the United States of America, and the need to advance them in various fields, especially the development of banking relations between the two sides, expressing his aspiration to benefit from the banking expertise of American banks.

The aspects of implementing the memorandum of understanding between the aforementioned bank and the Ministry of Finance that were signed in 2019 were discussed, and how to benefit from the amount allocated in the memorandum in the fields of agriculture, investment, trade and others.

The minister invited the president of the bank to visit Baghdad to discuss cooperation files between the bank and the Iraqi government.

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