Parliamentary finance resolves the controversy and reveals the fate of the dollar exchange rate in the budget

Economy

Parliamentary Finance

dollar price

2021 budget

2021-01-13 16:37

A- A A +

Shafaq News / The Parliamentary Finance Committee confirmed, on Wednesday, its inability to change the exchange rate of the Iraqi dinar against the US dollar, indicating that the exchange rate has stabilized after the approval of the 2021 budget law.

Committee member Jamal Cougar told Shafaq News that the reports about a parliamentary move to change the Iraqi dinar exchange rate against the US dollar are incorrect.

He indicated that the Parliamentary Finance Committee does not have any authority to change the exchange rate of the dinar against the dollar, stressing that the Central Bank is the only body that has this authority and is able to change or return the exchange rate.

Cougar pointed out that the exchange rate of the dinar against the dollar in the market will stabilize after the approval of the General Budget Law for 2021 in the House of Representatives.

Earlier today, Wednesday, Finance Minister Ali Abdul Amir Allawi announced his intention to take a package of measures that mitigate the effects of devaluation within two weeks.

A statement by the office of the head of the State of Law coalition, Nuri al-Maliki, received by Shafaq News, said that the latter received Allawi, today, and the meeting dealt with the necessary means to support Iraq to face the current financial crisis and the plans and measures required to overcome it, and the importance of uniting efforts and solidarity among all to reduce the deficit in the general budget in order to achieve justice Social.

Al-Maliki stressed, according to the statement, the need to conduct appropriate reforms that contribute to rationalizing spending and preserving public money, stressing that economic treatments to get out of the current situation should not affect the layers of limited income, employees, retirees and their pension obligations.

The head of the State of Law coalition renewed his call on the government to “not neglect the rights of peasants and farmers and to delay the payment of their dues.”

In his turn, the Minister of Finance reviewed the procedures followed by the ministry in dealing with the economic and financial conditions.

Allawi stressed, according to the statement, that the ministry will take a package of measures within two weeks to mitigate the effects of devaluation, calling for “concerted efforts to overcome the current stage and its repercussions on public life.”

https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D8%A7%D9%84%D9%86%D9%8A%D8%A7%D8%A8%D9%8A%D8%A9-%D8%AA%D8%AD%D8%B3%D9%85-%D8%A7%D9%84%D8%AC%D8%AF%D9%84-%D9%88%D8%AA%D9%83%D8%B4%D9%81-%D9%85%D8%B5%D9%8A%D8%B1-%D8%B3%D8%B9%D8%B1-%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9

Parliament ends the second reading of the draft law on Iraq’s accession to an international protocol

Political | 06:41 – 01/13/2021

BAGHDAD – Mawazine News

The House of Representatives ended, on Wednesday, the second reading of the draft law on the accession of the Republic of Iraq to the Protocol for the Suppression of Unlawful Acts.

The Media Department of the House of Representatives stated, in a brief statement that Mawazine News received a copy of, that “the House of Representatives begins discussing (second reading) the draft law on the accession of the Republic of Iraq to the Protocol for the Suppression of Unlawful Actions against the Safety of Fixed Platforms Existing on the Continental Shelf for the year 1988.” .

On Wednesday, the House of Representatives raised its 34th session for completing the discussion of the general federal budget for the fiscal year 2021, which kept it open for several days, while holding a new session No. (35), of the fourth parliamentary session, the third legislative year, the first legislative chapter.

The agenda of the 35th session includes nine paragraphs, to vote on 5 of them, end a report and discuss two paragraphs, and continue to discuss the Federal Budget Law for the current fiscal year 2021.

https://www.mawazin.net/Details.aspx?jimare=137793

Brent crude above $ 57 for the first time since last February

Time: 01/2021/13 09:20:53 Read: 2,119 times

{International: Al Furat News} The price of Brent crude rose, according to trading data, above $ 57 a barrel for the first time since February 24 of last year.

As of four o’clock Wednesday morning Baghdad time, the price of March futures contracts for North Sea oil mix from Brent rose 0.48% to $ 57.03 a barrel, and February futures contracts for West Texas Intermediate rose 0.66%, to $ 53.56 a barrel .

Oil prices continue to receive support due to optimistic expectations of demand on the one hand, as well as against the backdrop of production prospects after the decisions of the “OPEC +” group, on the other hand.

Last week, OPEC + completed a two-day meeting, in which it defined the parameters of the deal two months ago, as the current terms of the agreement were extended to almost all countries. However, Russia and Kazakhstan got an opportunity to increase production in February and March, while Saudi Arabia and a number Other participating countries, on the contrary, decided to reduce it.

Ammar Al-Masoudi

https://alforatnews.com/news/%D8%AE%D8%A7%D9%85-%D8%A8%D8%B1%D9%86%D8%AA-%D9%81%D9%88%D9%82-57-%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D8%A7%D9%8B-%D9%84%D8%A3%D9%88%D9%84-%D9%85%D8%B1%D8%A9-%D9%85%D9%86%D8%B0-%D8%B4%D8%A8%D8%A7%D8%B7-%D8%A7%D9%84%D9%85%D8%A7%D8%B6%D9%8A

 

Finance Minister announces a package of measures to mitigate the effects of raising the dollar

Time: 01/13/2021 15:38:05

{Baghdad: Al Furat News} The Minister of Finance, Ali Allawi, revealed the ministry’s intention to take measures to mitigate the repercussions of the decision to raise the dollar exchange rate against the dinar.

This came during his meeting with the head of the State of Law coalition, Nouri al-Maliki, today, Wednesday.

During the meeting, Allawi reviewed the procedures followed by the ministry in dealing with the economic and financial conditions, stressing that “the ministry will take a package of measures within two weeks that mitigate the effects of devaluation,” calling for “concerted efforts to overcome the current stage and its repercussions on public life.

” to support Iraq to face the current financial crisis, plans and actions required to overcome, and the importance of uniting efforts and solidarity among all to reduce the deficit in the general budget in order to achieve social justice. ”

the al – Maliki”

The head of the State of Law coalition renewed his call on the government not to neglect the rights of peasants and farmers and to delay the payment of their dues. ”

Ammar Al-Masoudi

 https://alforatnews.com/news/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%8A%D8%B9%D9%84%D9%86-%D8%AD%D8%B2%D9%85%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D8%A7%D8%AC%D8%B1%D8%A7%D8%A1%D8%A7%D8%AA-%D9%84%D8%AA%D8%AE%D9%81%D9%8A%D9%81-%D8%A2%D8%AB%D8%A7%D8%B1-%D8%B1%D9%81%D8%B9-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1

Saleh officially ratifies Iraq’s accession to the Paris climate agreement

Time: 01/2021/13 10:35:54 Read: 1,768 times

(Baghdad: Al Furat News) The President of the Republic, Barham Salih, officially approved Iraq’s accession to the Paris Climate Agreement.

“The approval comes in order to face the threats posed by climate change and to address the emission of greenhouse gases and carbon,” Saleh said during his signature on the law.

The President of the Republic delivered the speech of Iraq at the global “Climate Ambition Summit” that took place on December 12, 2020, and announced that Iraq is heading towards a new era based on supporting renewable energies and reducing carbon emissions and pollution in response to climate changes, as well as supporting investment for the private sector, focusing on youth and supporting The role of women in economic development and climate action.

He added that Iraq, as a quick response to its accession to the Paris Climate Agreement, has begun writing the National Contributions Document (NDC) as the country’s supreme policy on climate change, and it establishes a green and sustainable economy and curbing carbon emissions.

Many world leaders and leaders participated in the summit, including Pope Vatican Francis, United Nations Secretary-General Antonio Guterres, French President Emmanuel Macron, Chinese President Xi Jinping, British Prime Minister Boris Johnson, Italian Prime Minister Giuseppe Conte, and German Chancellor Angela Merkel, and the summit is hosting The United Nations, in association with France and Britain, on the occasion of the fifth anniversary of the signing of the Paris Agreement.

It is noteworthy that the Paris Agreement is the first global agreement on climate. 

This agreement came after negotiations held during the 21st United Nations Climate Change Conference in Paris in 2015. 

The agreement aims to contain global warming of less than two degrees and will seek to limit it to 1.5 degrees, targets for emission cuts, and set a minimum for its implementation of 100 billion dollars in climate aid for developing countries. Annually, this rate will be reviewed in 2025 at the latest.

On the occasion of Earth Day, which is celebrated on April 22, 175 heads of state signed in 2016 at the United Nations headquarters in New York under the name of the Paris Agreement on Climate Change. This was the largest event ever for a large number of countries agreed in one day more than any time ago.

The Paris Climate Change Agreement works mainly to address the problem of greenhouse gas emissions, and how to find solutions to adapt to it, mitigate its harm to the environment, and seriously consider the clear effects of climate change, and limit the temperature rise to less than two degrees Celsius; As the global average temperature increased by 0.85 ° C from 1880-2012.

Ammar Al-Masoudi

 https://alforatnews.com/news/%D8%B5%D8%A7%D9%84%D8%AD-%D9%8A%D8%B5%D8%A7%D8%AF%D9%82-%D8%B1%D8%B3%D9%85%D9%8A%D8%A7%D9%8B-%D8%B9%D9%84%D9%89-%D8%A7%D9%86%D8%B6%D9%85%D8%A7%D9%85-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%84%D8%A5%D8%AA%D9%81%D8%A7%D9%82-%D8%A8%D8%A7%D8%B1%D9%8A%D8%B3-%D9%84%D9%84%D9%85%D9%86%D8%A7%D8%AE

By more than three quarters … a “significant” decline in central bank sales

Economy

breaking

Currency sale auction

central bank

2021-01-13 06:39

A- A A +

Shafaq News / The Central Bank of Iraq sales of hard currency decreased on Wednesday, registering a “significant” decline by 76.09 percent.

The Shafaq News Agency correspondent reported that the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies a significant decrease in its sales by 76.09 percent to reach 3 million and 250 thousand dollars, which the bank covered at a base exchange rate of 1460 dinars per dollar, compared to yesterday, Tuesday, when it reached Sales of 13 million and 596 thousand dollars.

He added that the sales all went to boost the funds abroad in the form of transfers and credits, while no cash purchase was made.

Our correspondent indicated that only two banks have met the requests to enhance the funds abroad.

https://shafaq.com/ar/%D8%A7%D9%82%D8%AA%D8%B5%D9%80%D8%A7%D8%AF/%D8%A8-%D9%83%D8%AB%D8%B1-%D9%85%D9%86-%D8%AB%D9%84%D8%A7%D8%AB%D8%A9-%D8%B1%D8%A8%D8%A7%D8%B9-%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D9%83%D8%A8%D9%8A%D8%B1-%D9%81%D9%8A-%D9%85%D8%A8%D9%8A%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A