Continuous rise .. The latest update of the dollar exchange rate in Baghdad and the rest of the provinces

9,114 Sweeteners 2020/12/22 17:14

Baghdad today – Baghdad

The exchange rates of the dollar against the dinar rose this afternoon slightly from what they were this morning in most of the cities of Iraq.

The exchange rate in Baghdad was 141,750 dinars against the dollar for sale and 139,750 for purchase, while a number of money exchange shops in Al-Harithiya, Al-Mansour and Karrada sold the dollar for 1,420 dinars.

Citizens confirmed that most of the money exchange shops in Baghdad refrained from selling the dollar and opened their windows to buy it only, which economists attributed to the official exchange rate exceeding 1460.

In Babylon, Najaf and Karbala, the exchange rate ranged between 1390-1400 for sale and 1370 for purchase.

In Basra, Maysan, Diwaniyah and Dhi Qar, the exchange rate was recorded at 139.750 for sale and 1370 for purchase.

In the Kurdistan region, the exchange rate rose before the closure to 1410 for sale and 1390 for purchase.

The exchange rate in Mosul and Ramadi was 1395 for sale and 1380 for purchase, while in Salah and Kirkuk it came close to 1400 for sale.

Diyala recorded the highest selling price of the dollar today, which amounted to 1450 dinars, while the purchase price reached 1380.

Continuous rise .. The latest update of the dollar exchange rate in Baghdad and the rest of the provinces


The Kurdistan region announces agreement on 12.67% of Iraq’s federal budget for 2021

Qubad Talabani, Deputy Prime Minister of the Kurdistan Regional Government

December 22, 2020 10:53 PM

Mubasher: Qubad Talabani, Deputy Prime Minister of the Kurdistan Regional Government, revealed that an agreement had been reached with the federal government in Iraq on the draft budget law for 2021.

Qubad Talabani said, in a press conference held in Baghdad, today, Tuesday, that the agreement concluded that the proportion of 12.67 percent of the 2021 budget will be allocated, according to the Iraq News Agency, “INA.”

Talabani said, “We also came to Baghdad to implement the fiscal deficit law. We do not know our share of the fiscal deficit financing law yet and we are waiting for an answer from the federal government and for Baghdad to hand us our share of the fiscal deficit law.”

Talabani added that there are challenges facing the region in 2021, and we must join hands to solve the current crises.

He continued, that the Kurdistan region expressed its willingness in 2019 to hand over oil revenues, and oil revenues have already been delivered to the federal government.

He stated, “Our dialogues with Baghdad are continuing and have not failed. The points discussed with the federal government have become part of the budget. The percentage of the Kurdistan region’s share of next year’s budget is 12.67%, which is less than the previous 17%.”

Parliament reveals: America bought the land of its embassy in Baghdad from this government



American embassy

2020-12-22 13:47

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Shafaq News / The Security and Defense Committee of the Iraqi Parliament revealed, on Tuesday, that the United States of America has purchased land and its embassy building in the Green Zone from the Iraqi government.

A member of the committee, Kata Al-Rikabi, told Shafaq News, “The United States of America bought the land and its embassy building in the Green Zone from the government of Iyad Allawi,” indicating that “Washington is the one who chose the location of its embassy.”

Al-Rikabi said, “The Embassy of the United States of America in Iraq is the largest in the world, and the area is estimated at more than (100) acres, and the number of employees in it exceeds (1000) employees.”

He added, “But we do not know of any amount the price of this land was sold to the American side, but there was definitely a complacency in this file.” 

The US embassy in Baghdad is the largest around the world, as its area is similar to the size of the Vatican, and it was built on an area of 104 acres, and then it is considered five times larger than the largest US embassy in the past (the Yerevan embassy), according to a report by the American “Fox News” network.

After years of construction, it was inaugurated in January 2009, after a series of construction operations whose cost exceeded $ 750 million, accommodating about 16,000 employees and contractors.

The embassy complex is located on the Tigris River, and it consists of 21 buildings, and it consists of five main sections, which are six residential complexes, water and waste facilities, a power station, two diplomatic buildings, and an entertainment section, as well as cinemas, restaurants, a shopping center, and a swimming pool. A gym, basketball and football fields.

The engineering design of the embassy was not publicly announced, but it was designed with capabilities that guarantee self-sufficiency in energy and water, in light of the electricity and water cuts in Baghdad, and the security disturbances that erupt from time to time.

The fence surrounding the embassy is at least 9 feet high and made of reinforced concrete strong enough to disperse the force of the blast from the detonation of a car bomb, rockets, or mortar shells.

From the inside, the embassy was exceptionally fortified, as it was designed as an American fortress against biological bombs, as it was equipped with a system to purify the air from any chemical or biological attack, in addition to small windows that resemble cracks.

In a lengthy phone call … Pompeo and Barzani discuss a solution to the differences between Baghdad and Erbil

Kurdistan Region






2020-12-22 13:41

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Shafaq News / US Secretary of State Mike Pompeo and Prime Minister of Kurdistan Regional Government, Masrour Barzani discussed, on Tuesday, the outstanding differences between Baghdad and Erbil.

This came in a lengthy phone call Barzani received from Pompeo, according to a statement issued by the regional government received by Shafaq News.

The statement stated that Pompeo and Barzani discussed at length the differences between the Kurdistan Region and the federal government, especially the issue of the budget.

Barzani suggested that “America and the United Nations participate effectively and at a high level in solving problems and reaching an agreement between the region and the federal government on the basis of the constitution.”

Barzani also expressed his thanks for the position of the US Secretary of State, who expressed his desire for the region to obtain its share of the federal budget fairly, and also thanked Pompeo for his continuous support for the Kurdistan Region during his tenure.

The two sides stressed, during the call, “the importance of developing relations between the Kurdistan Region and America more, especially in the field of energy.”

Barzani referred to “the importance of continuing US aid to the Peshmerga forces, as well as technical assistance by USAID.”

In another axis of the phone call, the two parties discussed the obstacles that stand in the way of security stability in the region, the elimination of tensions on the borders of the Kurdistan Region and Syria, and the importance of implementing the Sinjar Agreement in order to return the displaced to their places.


Lawmaker of the Council of Representatives’ Finance Committee Ahmad Safar speaks to NRT TV Tawtwe interview program in Duhok, Kurdistan Region, Iraq on December 22, 2020. (Photo Credit: NRT Digital Media)

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SULAIMANI — Rapporteur of the Council of Representatives’ Finance Committee Ahmad Safar said on Tuesday (December 22) that the federal government will send 13 trillion Iraqi dinars ($10.92 billion) to the Kurdistan Region during the period covered by the 2021 Federal Budget law should it pass in its current form.

During an interview with NRT’s Tawtwe interview program, Safar said that suggestions that some lawmakers would try to transfer responsibility for paying the Kurdistan Region’s public sector workers to the federal government was just an “allegation.”

“Iraq has 4 million public sector employees and is not ready to pay salaries directly for the [Kurdistan] Region’s more than one million public servants,” said the lawmaker, who represents the Kurdistan Democratic Party (KDP).

“Erbil and Baghdad have reached an agreement about the draft 2021 Iraqi budget law, in which the Region should submit 250,000 barrels of oil and half of the income of the border crossings,” he said. “The Region’s delegation has promised to commit to the agreement with Baghdad in order to secure the salaries [of the Region’s public servants].”

However, Safar appeared to suggest that disagreements continue between the two sides, particularly regarding the oil issue.

“The Region’s oil deals are obstacles for handing oil over to Baghdad. If Iraq pays the fees of the oil companies, the Region is ready to hand oil over to Baghdad,” he said.

Safar also complained that the Region would not be getting sufficient funding for its needs, including support for the Peshmerga.

On Monday, the Council of Ministers approved and sent the draft 2021 federal budget bill to legislators for consideration and a vote, but rejected cuts in allowances for public sector workers.

Controversially, it also includes a devaluation of the Iraqi dinar, in order to protect the country’s dollar reserves.

Spending in the budget will total 150 trillion Iraqi dinars ($103 billion), but carry a deficit is 63 trillion dinars ($52.94 billion). The estimated price of oil is set at $42 per barrel.

Tensions between the KRG and the federal government deteriorated in April when Baghdad cut off all funding to the KRG following Erbil’s fifteen-month refusal to send oil to the federal government as it was required to under the 2019 Federal Budget Law.

As the KRG’s finances grew steadily worse and it was unable to pay public sector salaries on time and in full, anger with the authorities in Erbil increased, boiling over into public protests in Erbil and Duhok in the summer and early autumn and Sulaimani and Halabja this month.

(NRT Digital Media)

The region’s delegation announces the success of its talks in Baghdad regarding salaries and Kurdistan’s share of the 2021 budget

Kurdistan Region



2020-12-22 13:22

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Shafaq News / The Kurdistan Regional Government’s negotiating delegation to Baghdad announced on Tuesday that it had succeeded in reaching an agreement with the federal government that led to the latter’s approval to refinance the salaries of employees working in the public sector in the region in accordance with the fiscal deficit (borrowing) law legislated by Parliament in addition to fixing Kurdistan’s share in the federal budget for 2021.

This came in a press conference held by delegation head Qubad Talabani, deputy prime minister of the region, held this evening, nearly 15 days after the delegation entered a series of discussions that took place in the capital, Baghdad, with senior officials in the federal government and influential Iraqi political parties in the country.

Talabani said during the conference that we were able to reach an agreement to install the Kurdistan Region’s share in the draft federal budget law for the year 2021, and we came to Baghdad in order to implement the fiscal deficit law and we showed full readiness to implement all conditions, but Baghdad has set two conditions for disbursing financial dues within this law We hope that the money will be sent to finance the region’s salaries for the last three months of this year.

He added that there is no doubt that 2021 will be a difficult year, and it needs joint action and that we face challenges together to overcome the situations that the region and all of Iraq are going through.

Talabani added that the challenges are great, but we have a political will and we have a brave people who can overcome the crises. We hope the political parties from Zakho and the FAO to cooperate together in this stage.

He pointed out that the deficit law does not talk about oil, but about the establishment of oil. Baghdad has provided us with all the information about those actions and the financial revenues generated from non-oil resources, which are real official figures approved by the international company, Deloitte.

The salaries of the region’s employees were not included in the fiscal deficit law enacted by the Iraqi parliament last November, although Baghdad and Erbil reached an agreement last August to send Baghdad 320 billion dinars to Erbil per month to cover part of the region’s employees’s expenses until an agreement is reached. Final on the differences between the two sides.

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.

Talabani announces the agreement with the federal government on the 2021 budget

Today, 21:52



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Baghdad – IQ  

The Vice President of the Kurdistan Regional Government announced, Tuesday (December 22, 2020), that the Federal Government had reached an agreement in Baghdad regarding  the region’s share in the fiscal budget for 2021.

Talabani said in a press conference held in Baghdad and followed by  IQ News , “We were able to agree with the federal government about the 2021 budget, and the dialogues are still continuing,” indicating that “Baghdad has not yet determined the region’s share within the fiscal deficit law, and we hope to get an answer before the end of the year.” Present”.

He added, “We need national unity and work in order to overcome Iraq and the Kurdistan region for these great challenges, as well as obtain financial dues for the region within this law,” calling on the Iraqi political parties “from Zakho to Basra to act responsibly.”

The Vice President of the Kurdistan Regional Government affirmed that “the region is ready to hand over oil and non-oil imports to the federal government,” noting that “Baghdad has deducted oil sums from the Kurdistan’s quota during 2020.”

It is noteworthy that a Kurdish delegation headed by Vice President of the Kurdistan Regional Government, Qubad Talabani, has been in Baghdad for days to negotiate with the federal government regarding the share of the Kurdistan region in the financial budget, and recently met with Prime Minister Mustafa al-Kazimi and Parliament Speaker Muhammad al-Halbousi in this regard.–2021.html

Iraq’s cabinet approves 2021 draft budget of $103 billion


MON DEC 21, 2020 / 3:32 PM EST

BAGHDAD (Reuters) -Iraq’s cabinet on Monday approved a 2021 draft budget of 150 trillion Iraqi dinars ($103 billion) as the country wrestles with an economic and financial crisis due to low crude prices.

The budget deficit would be estimated at 63 trillion dinars ($43 billion), two government sources said.

The draft 2021 budget is based on a world oil price of $42 a barrel and expected oil exports of 3.25 million barrels per day (bpd), including 250,000 bpd from the Kurdish region, the officials said.

But despite approval of the budget, which should be referred to parliament for final approval, disputes between the central government and semi-autonomous Kurdish region are still unresolved, a government senior economic advisor said.

“Differences between Baghdad and Kurdish delegates are still persisting over Kurdish oil exports and the region’s debts. It’s too complicated for now to reach an agreement,” said a senior government advisor.

Hit by squeezed revenues, Iraq’s central bank on Saturday increased the sale price of U.S. dollars to banks and currency exchanges to 1,460 dinars, from 1,182 dinars, seeking to close the gap of widened 2021 budget inflation after a collapse in global oil prices, a major source of Iraq’s financial resources.

The finance ministry supplies the central bank with dollars based on a price of 1,450 dinars against the dollar, Central Bank chief Mustafa Ghalib said in a statement.

Iraq has the world’s fourth-largest oil reserves and depends on oil revenues to fund 95 percent of its national budget.

($1 = 1.45 Iraqi dinars)

Al-Kazemi’s spokesman announces the arrival of the 2021 budget to Parliament … and the date of entry of the Corona vaccine

Time: 12/22/2020 17:16:02 Read: 4,186 times

 Cabinet spokesman Hassan Nazim during the weekly press conference:

The government’s goal in the white paper is economic reform

 We started by remedying the previous economic legacy and implemented the White Paper in the 2021 budget

The Minister of Health presented a proposal regarding the emergence of a new strain of Corona

 The Council of Ministers agreed to authorize the Director General of the General Company for Ports of Iraq the power to sign contracts with Daewoo to establish a project for the port of Faw

Fighting corruption An idea with a central structure in the government

 The Anti-Corruption Committee revealed many facts and took them to integrity

The Council of Ministers decided not to hold Christmas celebrations in public places

The government is carrying out an historic responsibility, and that is to initiate reform

Iraq will witness the entry of the Corona vaccine in the first quarter of next year

The salaries of low-income employees did not touch much in the next year’s budget

The Cabinet approves the ownership of industrial projects by the Ministry of Finance

The Cabinet authorizes the Director of the Civil Aviation Authority to sign a memorandum of understanding for the rehabilitation of Mosul Airport

Al-Kazemi spokesman announces the arrival of the 2021 budget to the parliament

The lower income brackets will not affect their salaries, and the reduction is directed to those with higher grades

The Iraqi government sets its directions regarding employee salaries, the new Corona strain, and combating corruption

176 Sweeteners 2020/12/22 17:25

In a press conference in Baghdad

, cabinet spokesman Hassan Nazim: The government’s goal in the white paper is economic reform

We started by remedying the previous economic legacy and implemented the White Paper in the 2021 budget

The government is carrying out an historic responsibility, and that is to initiate reform

The salaries of low-income employees did not touch much in the next year’s budget

We sent the 2021 budget to the House of Representatives

The Cabinet agreed to authorize the General Director of the General Company for Iraqi Ports the authority to sign contracts with Daewoo to establish the Faw Port project

Fighting corruption is an idea with a central structure in government

The Cabinet decided to suspend flights with the countries in which the new Corona strain had spread

The Anti-Corruption Commission revealed many facts and took them to integrity

The Cabinet decided to close restaurants, major markets and clubs, starting from December 24

The Corona vaccine will enter Iraq in the first quarter of next year

The Iraqi government sets its directions regarding employee salaries, the new Corona strain, and combating corruption