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Parliamentary Finance: The Iraqi Central Bank will challenge the budget if the dollar exchange rate changes

The Iraqi Parliament – Archives

March 21, 2021 11:39 PM


Mubasher: The Parliamentary Finance Committee in Iraq confirmed that the central bank will challenge the budget if the current exchange rate for the dollar changes.

The Parliamentary Economic Committee considered some of the items added to the budget “unconstitutional,” according to the Iraq News Agency, “INA”, today, Sunday.

The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, said in televised statements that the vote on the 2021 budget within the Finance Committee was based on the delivery of the Kurdistan region of 460 thousand barrels per day.

He pointed out that some blocs requested the addition of a text in the budget in the event of non-compliance with the region, the benefits would be cut.

Al-Saffar added that the budget is for the entire country and not for a specific group, stressing that the provincial quotas, jobs and the exchange rate caused some blocs not to enter the parliament hall.

Finance confirms that the budget will be approved next week: delaying it has negatively affected citizens

Political | 08:35 – 21/03/2021

Baghdad – Mawazine News

The Parliamentary Finance Committee confirmed, on Sunday, that the budget will be approved and passed next week, while indicating that the delay in approving it has negatively affected the citizens.

The deputy head of the Finance Committee, Muthanna al-Samarrai, said, according to the official newspaper, that “the committee will work on approving the 2021 budget next week,” stressing that “the delay in approving the budget has negatively affected the citizens.”

Al-Samarrai added, “The representatives of the parliamentary blocs in the committee voted on the budget,” explaining that “the budget has nothing to do with changing the exchange rate.”

He stated, “Any deduction from salaries has been deleted,” noting that “the budget included imposing taxes on some luxury goods, not essential for citizens.”

They are marching, threatening the Minister of Finance: If you do not correct this mistake, we will topple you

Political | 07:36 – 21/03/2021

Baghdad – Mawazine News

, on Sunday, the Saeron Alliance threatened to overthrow Finance Minister Ali Abdul-Amir Allawi, while confirming that the latter made a big mistake that if he did not correct it, he would be overthrown.

“We are surprised by the unfair distribution of the Ministry of Health’s operating budget for the provinces,” said Jawad Al-Mousawi, the representative of the Saeron Alliance, in a statement received by Mawazine News. .

Mousawi added, “The Ministry of Finance has made a big mistake in distributing the operating budget of the Ministry of Health, as it has allocated nearly a hundred and thirty-four billion dinars to three governorates, which are Anbar, Salah al-Din and Nineveh, while it has allocated eighty-two billion dinars to four southern governorates, namely Karbala, Muthanna and Maysan, as well as Dhi Qar. “.

He stressed, “The southern governorates that lack the simplest services are still distracted by the executive authorities, and the simplest evidence is that the few funds were allocated to them compared to the western governorates,” stressing that “this issue will not remain silent about it and we will have a firm position in Parliament that may reach to overthrow the Minister of Finance if not Correct this mistake. ”

He pointed out, “He will ask a parliamentary question about this issue to find out the reasons that prompted the concerned authorities to take such decisions that are not commensurate with the size of the shortage of services suffered by the southern governorates, especially the special shortage of various needs in the health sector, the most prominent of which is the lack of government hospitals.”

Pictures .. Massive celebrations of Nowruz spread over the Autonomous Administration regions

Kurdistan Region



self management

2021-03-21 11:55

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Shafaq News / On Sunday, cities in the Autonomous Administration of northern and eastern Syria witnessed massive celebrations, in commemoration of Nowruz, which is celebrated by the Kurds and other nationalities in the region.

Thousands of people gathered in the Himo and Jirkin area of Qamishli, the largest Kurdish city in Syria.

Sheilan Yusef, one of the celebrities for Nowruz, told Shafaq News, “Eid Nowruz symbolizes freedom and disagreement from slavery and tyranny, and today we confirm that the Kurdish people in every part of Kurdistan will not back down from the demands for their legitimate national rights.”

Youssef added, “Today we call on the international community to guarantee the rights of the Kurdish people in the next Syrian constitution, through a federal region or autonomy that guarantees the rights and privacy of our people.”

For his part, Sherzad Dawe, a member of a Kurdish folklore group, told Shafaq News, “We express through Kurdish dances and songs about ancient Kurdish folklore, as well as wear the traditional and folkloric dress to show the whole world that we are a people with a specificity and history and we deserve to live in our own country.”

During the rule of Assad, the father and the son, the Syrian government has always been tightening the screws on the Kurds in Syria to prevent them from celebrating Nowruz, and this includes the government taking strict security measures and arresting political activists and everyone who participates in organizing Nowruz celebrations, including members and leaders of political parties and members of Kurdish singing and theatrical groups.

With the start of the Syrian revolution and the exit of most Kurdish regions from the control of the Syrian government, the Kurds have a greater space to express their privacy and celebrate their holidays, national and cultural occasions without restriction.

In this regard, the Tigris Center for Culture and Art in the Autonomous Administration, together with the Judy Band, celebrated the celebration of Nowruz, east of the city of Dirk, 2 km behind the Pourza Dam, the far north and east of Syria.

Hundreds of people flocked to support the Autonomous Administration and its masses, as well as representatives from the celebratory “PYNK” parties, which were interspersed with Kurdish dancing and dancing.

It is worth noting that the Kurdish National Council revived the celebration of Nowruz, south of Dirk, among its fans and supporters.


Sunday, 21 March 2021 6:53 PM

Classification:  Iraqi


Private / National News Center

Today, Sunday, the reporter of the Finance Committee, Ahmed Al-Saffar, revealed a new agreement with the Kurdish delegation regarding Article 11, concerning the Kurdistan region, to pass the budget.

Al-Saffar said, in an interview with the “National News Center”, that “the points that delayed approval of the budget for more than a month, are related to the shares of the provinces and the share of the region, and the new job grades.

He pointed out to “adding functional grades in the budget,” indicating that “the fate of contracts and daily procedures is guaranteed.”

Regarding the differences related to Article 11 related to the region, he said that “the agreement has been reached between the Kurdish delegation and the coordination framework, from the major Shiite and Sunni powers. Give at least 250,000 barrels to Baghdad. ”

The House of Representatives set next Saturday as the date for voting on the budget law, after previous sessions failed to complete the quorum sufficient to pass it, following the withdrawal of the Kurdish blocs.

The “National”

Al-Jabri announces the date for the approval of a very important law and the transfer of the oil and gas law to the next session

Time: 03/21/2021 18:07:42 Read: 2,600 times

{Economy: Al Furat News} A member of the Parliamentary Oil and Energy Committee for the Alliance of Iraqis, Sattar Al-Jabri, announced, on Sunday, the date of the vote on the Iraqi National Oil Company law after its second reading by the House of Representatives.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

Al-Jabri said {to Euphrates News} that “the Iraqi National Oil Company law, which has been read {first and second}, will be submitted for a vote after the approval of the federal budget law for 2021,” describing it as “very important.”

He added, “As for the oil and gas law, the committee has sent a letter to the oil ministers, asking him to speed up sending it to the cabinet for the purpose of voting on it, and then transfer it to the parliament for preparation, maturation and passing it after the first and second reading.”

Al-Jabri also pointed out “the importance of the law prepared since 2007 in regulating oil revenues and revenues, which represents approximately 90% of the budget, and that in order to achieve justice in the distribution of wealth, this law, which has been delayed for years, must be approved.”

While he stressed “the committee’s keenness to complete this law and follow it up by the Ministry of Oil,” noting that “the law has many disagreements and differences and needs a long time to complete it,” suggesting that it will be transferred to the next parliamentary session.

The Speaker of Parliament, Muhammad al-Halbousi, confirmed the existence of stalled laws that the parliament will proceed to legislate, such as the oil and gas law, which is one of the laws stipulated in the constitution, and which will address the mechanism of dealing between Baghdad and Erbil and between Baghdad and the rest of the oil-producing provinces, and the law will be one of the council’s next priorities.

For its part, the Ministry of Oil stressed on the 25th of last February the importance of expediting the passage of the Federal Oil and Gas Law, noting that the law will work to regulate the management of oil and gas wealth in Iraq.

It is noteworthy that the Oil Ministry’s sudden announcement of the draft oil and gas law coincides with marathon negotiations between Baghdad and the Kurdistan region regarding the latter’s share in the 2021 budget and the mechanism for managing his oil file.

Wafa Al-Fatlawi

Central Bank: Changing the exchange rate of the dinar against the dollar contributed to enhancing financial sustainability

2021/03/21 17:59

The number of readings 52

Section : Iraq

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Baghdad / Obelisk: The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, stated, Sunday, March 21, 2021, that the Corona pandemic has led to an increase in bad debts by 18% during the year 2020, while changing the exchange rate of the dinar against the dollar contributed to enhancing financial sustainability.

In a statement, the bank said, “Its governor participated in the symposium on” The Impact of Covid 19 on Financial Institutions “, which was organized by the Iraqi Private Banks Association, along with the Governor of the Central Bank of Jordan, Ziad Fariz, Chairman of the Bahrain Banks Association, Adnan Youssef, and the head of the Iraqi Private Banks Association, Wadih Al-Handal, which he attended. A number of Iraqi and Arab specialists and experts.

In his intervention, the governor emphasized that “the Central Bank of Iraq has taken a series of measures to confront the effects of the Corona virus on the economy, indicating that the pandemic has led to an increase in bad debts by 18% during the year 2020, which requires taking treatments that simulate the data of the Iraqi reality, especially security and legal.”

He explained, “Changing the exchange rate of the dinar against the dollar contributed to enhancing financial sustainability as a result of the high volume of foreign reserves and the strengthening of public finances, which increases the reliability of investors, low production costs, increases the competitiveness of local goods, and the balance of payments balance through a decrease in the volume of foreign imports.”

He pointed out that “the biggest challenge is to reinvest the revenues generated from the process of reducing the exchange rate, which should contribute to building a production base outside the oil sector to act as a financial lever for the Iraqi economy and rid it of the problem of unilateral financial resource.”

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After the region’s president, Al-Kazemi calls the head of the Kurdistan Regional Government

Kurdistan Region

Masrour Barzani

Nechirvan Barzani

Mustafa Al-Kazemi

2021-03-21 09:34

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Shafaq News / The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, received today, Sunday, March 21st, a phone call from Federal Prime Minister Mustafa Al-Kazemi.

During the phone call, Prime Minister Al-Kazemi congratulated the Prime Minister on the occasion of Nowruz and the Kurdish New Year, and expressed his hope that Nowruz would be a source of peace and stability for the people of Kurdistan and Iraq in general.

For his part, the Prime Minister thanked Prime Minister Al-Kazemi for his call and wished that Nowruz would be a source of good and that it would be an opportunity to end the suffering and solve the problems in Iraq.

Earlier today, Nechirvan Barzani, President of the Kurdistan Region, received a phone call from Mustafa Al-Kazemi, Prime Minister of Federal Iraq.

A statement issued by the presidency of the region received by Shafaq News stated that during the phone call, in addition to congratulating President Nechirvan Barzani on the occasion of Nowruz and the Kurdish New Year, Al-Kazemi expressed his hope that it would be a safe holiday and a new year full of success and happiness for his Excellency and the people of Kurdistan.

For his part, Barzani thanked Al-Kazemi for his contact, hoping for safety, stability, solving problems and overcoming the crises of Iraq.

State of law refuses to vote on the budget except on condition

Political | 12:44 – 21/03/2021

BAGHDAD – Mawazine News

The State of Law Coalition announced, on Sunday, its refusal to vote on the budget unless the price of the dollar returns as it was.

“The budget cannot be passed during the next session without fairness to the people by officially reducing the price of the dollar.”

He added that “most of the Shiite, Sunni and even Kurdish political forces support the deputies’ approach to reduce the price of the dollar and return it to its previous era.”

Al-Rikabi explained that “the high price of oil in the global market will end the budget deficit and the government’s pretext to end the financial crisis has ended, especially after the increase in the Iraqi monetary reserve.” Ended 29 / A 43