Saleh and Guterres discuss the elections file and secure UN monitoring

Time: 04/19/2021 22:34:18 Read: 429 times

{Politics: Al Furat News} The President of the Republic, Barham Salih, made a phone call today, Monday, with the Secretary-General of the United Nations, Antonio Guterres, to discuss the situation in Iraq and the region.

A statement by the Presidency of the Republic, a copy of which was received by the Al Furat News Agency today, stated that “the communication discussed political and security developments in the country, the need to consolidate stability and strengthen the efforts of the rule of law, and to emphasize the importance of easing tensions in the region and overcoming crises through dialogue, and the necessity to coordinate efforts and work for the sake of Creating joint dialogues to stabilize the pillars of regional stability, as it was pointed out that the stability and sovereignty of Iraq is a foundation and a meeting point for the security of the whole region and the interests of its people.

He continued, “The parliamentary elections scheduled to take place next October were discussed, as President Barham Salih stressed the need for effective and serious work and coordination between the United Nations and the Election Commission to secure international oversight and ensure the integrity of the electoral process in a way that contributes to its success, ensuring broad participation in it and expressing the free will of the voters.” And in a manner that guarantees the sovereignty and respect for the independent decision of the Iraqis. ”

He pointed out that “Secretary-General Antonio Guterres welcomed the positive developments in the country, affirming the United Nations’ support for the efforts of the Iraqi authorities to enhance security and stability, consolidate its sovereignty, and help Iraq face the challenges facing the country in combating terrorism, and minimizing the effects of the Corona pandemic.”

Raghad Daham


Kurdistan Region President Nechirvan Barzani (File)

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SULAIMANI — Kurdistan Region President Nechirvan Barzani on Monday (April 19) called on the General Assembly of the United Nations to play a more active role in mediating disputes between Iraq’s federal government and the Kurdistan Regional Government (KRG).

For years, Baghdad and Erbil have been at loggerheads over a number of issues, in particular those related to hydrocarbon resources and the implementation of Article 140 of the 2005 Constitution.

The latter governs the status of the so-called “disputed areas,” a multi-ethnic and resource rich belt of territory stretching from Nineveh governorate through Saladin and Kirkuk into Diyala that is claimed by both governments.

Barzani said that Kurdistan Region supports the Iraqi government’s demand for the UN Security Council to increase the role of the United Nations Assistance Mission for Iraq (UNAMI) in managing elections in the country, with an eye to ensuring that this year’s parliamentary polls in October are free and fair.

Barzani also called for additional humanitarian aid for the Kurdistan Region to support the nearly 1 million displaced people living in the Region, about a third of which live in camps.

(NRT Digital Media)

Send funds retroactively” … a Kurdish delegation to Baghdad for an understanding regarding the implementation of Article 11 of the budget

503 Policy 2021/04/19 19:35

Baghdad today – Kurdistan

A member of the Finance Committee in the Parliament of the Kurdistan Region, Bahjat Ali, confirmed today, Monday, that after publishing the budget law in the official gazette, a government delegation from the region will go to Baghdad.

Ali said in an interview with (Baghdad Today), “The delegation will be technical and meet with officials in the federal government to discuss a mechanism for sending the sums that have been allocated to the Kurdistan region in return for handing over the region to the agreed share of oil and the revenues of the ports.”

He added that “the delegation will go to Baghdad in the coming days to reach an understanding on the mechanisms of implementing the budget law, specifically paragraph 11 related to the share of the Kurdistan region, and the funds will be sent retroactively, if a mechanism and agreement is reached between the two parties.”

And (Baghdad Today), yesterday, Sunday, published the text of the federal budget law for 2021, which is published in the official newspaper Al-Waqi’a.

After the text of the budget law was published in the official gazette, it officially entered into force to start disbursement operations.

On Thursday (April 8, 2021), the President of the Republic, Barham Salih, ratified the federal fiscal budget law for the current year, calling for the implementation of its provisions to achieve reform.

In a statement received (Baghdad today), the president said, “The approval comes to secure the necessary needs of our people, and to finance the salaries of employees and retirees and the necessary government expenditures in a manner that achieves social justice for all regions of Iraq and all segments of society.”

To view the law, click

Kurdistan sends a message to Baghdad and gives its consent to these commitments


Kurdistan Region


The budget

2021-04-19 10:22



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 Shafaq News / The Kurdistan Regional Government announced, on Monday, its approval to implement its financial obligations contained in the Iraqi General Budget Law.

In a statement by the Media and Information Department of the regional government, received by Shafaq News, the Ministry of Finance and Economy in the regional government announced in a message on April 13, addressed to the Ministry of Finance in the Iraqi federal government, its approval to implement all financial obligations within the framework of the General Budget Law Al-Iraqiya for the year 2021, indicating that the ministry has taken practical steps in this direction.

The budget stipulates that the Kurdistan Region will deliver 250 thousand barrels of oil per day or its revenues, along with half of the other financial revenues of the federal government, in exchange for a share in the budget of about 12.6 percent.

Central Bank of Iraq signs deal with Mastercard to boost digital payments

The initiative will first target the education sector followed by an expansion into other industries

Alkesh Sharma

April 19, 2021

The Central Bank of Iraq signed an agreement with global payments company Mastercard to reduce the use of cash and promote digital payments in the country.

The agreement will help Iraq digitise its payment ecosystem, boost financial inclusion, encourage social-economic development and mitigate the risks of a shadow economy, the entities said in a joint statement on Monday.

“We are very much looking forward to working with Mastercard to advance Iraq’s digital transformation, beginning with the education sector,” Duha Mohammed, director general for payments department at CBI, said.

“We clearly recognise that the digital economy has a vital role to play … especially in enabling formal economic growth through a new payment ecosystem that is transparent, simple and effective.”

Iraq’s population of nearly 40 million is largely cash-driven, according to the World Bank. Almost 99.8 per cent of its $122 billion personal consumption expenditure was made in cash in 2019, the lender said.

Al-Kaabi meets with the governors and the Ministers of Finance and Planning .. This is what was discussed?

Editing date: 4/19/2021 11:52 • 73 read times


First Deputy Speaker of Parliament Hassan Karim Al-Kaabi chaired, on Monday, a meeting that included the governors and the ministers of finance and planning, to discuss the implementation of the budget provisions.

The media office of the deputy speaker said in a brief statement that “Al-Kaabi chaired an important meeting with the governors and the ministers of finance and planning to discuss the implementation of the 2021 budget,” adding that “the meeting touched on the most important financial and planning problems facing the provinces.”

Central Bank Governor opens the headquarters of the Iraqi Deposit Insurance Corporation


The Central Bank of Iraq

Deposit company

2021-04-19 06:35



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Shafaq News / The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, opened the new headquarters of the Iraqi Company for Deposit Insurance.

The governor said that the company will contribute to restoring confidence in the private banks operating in Iraq, stressing that the Central Bank will pay attention to this company as it is one of the pillars of the banking business.

He explained that the public and private banking sector actively participated in establishing this company to become one of the pioneering institutions supporting and supporting the banking business.

It is noteworthy that the Iraqi Deposit Insurance Company provides a cover to guarantee public deposits with Iraqi banks licensed by the Central Bank of Iraq inside Iraq, especially small depositors.

Warning of its implementation .. Advisor Al-Kazemi: floating the currency leads to the collapse of the Iraqi market


The Central Bank of Iraq

The Iraqi market

Al-Kazemi’s advisor

The Iraqi dinar

Float currency

2021-04-19 06:31



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Shafaq News / The appearance of Muhammad Salih, Advisor to the Prime Minister for Financial and Economic Affairs, confirmed on Monday that it is not permissible to float the currency in Iraq, indicating that this leads to the collapse of the market.

Saleh said in an interview with Shafaq News; It is “not permissible to float the currency in Iraq because the market will collapse in this case,” indicating that “the entry and exit of hard currency does not enter the market, which is only an exit for it, but rather the government is the one that brings this hard currency.”

Saleh added, “If the government withdraws its hand, the supply will stop and the demand increases, and thus the market will collapse.”

He pointed out that “the problem in Iraq is that the market is demanding and that the state is offering, and in the event that the Central Bank does not sell the dollar, it means that all the supply has stopped and there is no other offer, and if there is another offer, it is a little offer that is not enough to meet the demand and therefore the prices will rise Because demand will be more than supply. ”

He stressed that “the state is the bidder in Iraq, and therefore if the state tends to float, then this means that there is no supply and thus prices collapse.”

Floating currency is completely liberalizing the exchange rate, so the government or the central bank does not interfere in determining it directly, but rather it is secreted automatically in the currency market through the supply and demand mechanism that allows setting the national currency exchange rate against foreign currencies.

It is noteworthy that some officials talk from time to time on the need to float and liberalize the currency to maintain hard currency reserves at the Central Bank.