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Parliamentary Finance and the Central Bank take an important step regarding changing the dollar exchange rate

Economie| 11:11 – 22/06/2021


Baghdad – Mawazine News,
the Parliamentary Finance Committee discussed, on Tuesday, the repercussions of changing the dollar exchange rate with the Central Bank, while the latter revealed the launch of an initiative worth 5 trillion in addition to contributing to moving the housing sector.
The Parliamentary Finance said in a statement received by Mawazine News, a copy of it, that it “hosted, headed by the Chairman of the Committee, Representative Haitham Al-Jubouri, and in the presence of its members and a number of members of other parliamentary committees, the Governor of the Central Bank, Mustafa Ghaleb Mikhaif, and the Deputy Governor Ammar Hamad Khalaf.”
The statement added, “The periodic meeting that took place at the headquarters of the Finance Committee discussed the steps that the Central Bank promised to implement to reduce the repercussions of changing the exchange rate and its implications, and the issue of selling the currency and confronting the process of its depletion and ways to preserve and invest it properly.”
He pointed out that “the committee discussed projects, plans and loans that the bank promised to implement after changing the currency exchange rate, stressing the need to adhere to those promises and the speed of their implementation, in particular those that contribute to the employment of unemployed youth and support the housing, industry and agriculture sectors, support the local product and ease restrictions and routine procedures on them.”
He continued, “The committee discussed the issue of electronic connectivity between the ministries of commerce and finance and the customs and tax authorities with the Central Bank, as well as the automation of procedures at border crossings, stressing the need for the government to fulfill its duty towards this as indicated by the Finance Committee and the House of Representatives through the Budget Law for 2021.”
According to the statement, the committee called on the central bank to “take the strongest and strict measures against banks that violate regulations, stressing its support for the bank in this regard, since the current period requires concerted efforts among all authorities.”

The committee was directed to host the Minister of Finance to discuss what was proposed in the hosting and to discuss a number of issues that concern the economic reality of the country.
For his part, the Governor of the Central Bank provided a clarification on what the bank has taken and the steps it seeks to take to reduce the negative effects of changing the exchange rate, revealing at the same time, “the launch of an initiative worth 5 trillion in addition to contributing to moving the housing sector to complete the residential complexes that were suspended, as well as The imminent issuance of bonds that enable citizens to invest their money.” Ended 29/A87

List of Iraqi and Iranian websites that have been closed down by the United States

2021.06.22 – 23:25
List of Iraqi and Iranian websites that have been closed down by the United States

Baghdad – people   

On Tuesday, the United States blocked access to the websites of a number of Iranian and Iraqi media outlets, which in turn broadcast a message saying that they were “closed by the American side.  

“Nas” channel on Telegram.. our latest updates  

The list of blocked access sites in Iraq also included:  

Euphrates News  

Asia Satellite Channel قناة  




Karbala channel  

As for the Iranian websites that have been closed, they are:  

world channel  

Al Masirah channel  

Pearl Channel  

Press TV  

Palestine today  

the news   

Al Kawthar  

The websites of the Iranian Arabic-language Al-Alam news channel and the English-language Press-TV channel, in addition to the Houthi-affiliated Al-Masirah channel in Yemen, published messages indicating the closure of their sites as part of the US sanctions, with the appearance of seals from the FBI and the Ministry of Commerce.  

Iran’s state TV, IRIB, which sponsors some of these channels, condemned the blocking of the websites of “pro-resistance media that expose the crimes of the US allies in the region.”  

“While the democratic government of the United States affirms support for freedom of expression, it is effectively shutting down the media by supporting” Israel and Saudi Arabia, Washington’s historic allies in the Middle East, the television added on its website.  

Iranian television reported that the US measure also included the channels “Lulu’a”, “Palestine Today”, “Al-Naba” and “Al-Kawthar”.  

Al Masirah TV condemned what it considered “American piracy and confiscation of copyright,” and said in a statement posted on the “Ansar Allah” website that it was continuing to “confront American and Israeli piracy against our nation by all available means.”  

And she considered that “this American ban on the Al-Masirah Net website and other friendly websites reveals once again the falsehood of the slogans of freedom of expression and all the other headlines that America is promoting.”

The dollar continues to decline against the dinar with the closure of the Baghdad Stock Exchange

economybreakingdollardinarExchange Rates 2021-06-22 13:33A-AA+

Shafaq News/ The dollar exchange rate continued to decline against the dinar, on Tuesday, with the closure of the main stock exchange in Baghdad.

Shafak News Agency correspondent said that the central Kifah and Al-Harithiya stock exchange was closed in Baghdad at 147,500 Iraqi dinars, compared to 100 US dollars.

While the price of the dollar recorded this morning 147,800 Iraqi dinars for every 100 dollars.

Our correspondent indicated that buying and selling prices decreased in the banking shops in the local markets in Baghdad; Where the selling price amounted to 148000 Iraqi dinars, while the purchase prices amounted to 147000 dinars per 100 US dollars.

Al-Kazemi’s government takes 6 new decisions, including writing off employee debts

politicsCouncil of Ministersnew resolutions 2021-06-22 13:30A-AA+

Shafaq News/ The Iraqi Council of Ministers decided, on Tuesday, to write off the financial sums and their bank interests from the employees of the Institution of Political Prisoners who died in “terrorist” operations, while approving the national strategy for the security of critical infrastructures.

The Media Office of the Prime Minister stated, in a statement received by Shafaq News Agency, that the Council of Ministers held its regular session headed by its Prime Minister Mustafa Al-Kazemi, during which it discussed the developments of events in the country, in addition to discussing the topics on the agenda.

He pointed out that the Council hosted the Chairman of the Independent High Electoral Commission to discuss their needs to facilitate the holding of elections on October 10, 2021.

The Council approved, according to the statement, the continuation of the Electoral Commission’s work in paragraph (2) of the Cabinet Resolution (61 of 2018), and its exclusion from paragraphs (5, 6, 12) of the Ministry of Finance’s circular No. (2437) on January 27, 2010.

And decided to continue the work of the Commission in paragraph (23) of the Council of Ministers Resolution (276 of 2019), and to postpone the exclusion of the Commission from the procedures for renting warehouses affiliated with the Commission set out in Article (40) of the Law of Selling and Renting State Funds (21 of 2013), which relates to service wages at a rate of (2%) of the provisions of Article (11/paragraph first) and Article (26/paragraph III/c), regarding the extension of the rent allowance named in the contract, imposes an increase of (10%) of the previous year’s rent.

The Council voted to allocate the Ministry of Finance three billion dinars to the Municipality of Baghdad from the emergency reserve for the fiscal year / 2021, to expand Streets (77) and Street (80), and Baghdad – Kut Rustumiya Road, and return midwives to their correct path according to the technical specifications provided by the Ministry of Electricity.

And approved the insurance of only two billion dinars for the aforementioned project, through transfers and through coordination between the Ministries of Finance and Planning.

The Council approved the draft law of the Institute for the Preparation of Police Commissioners, taking into consideration the remarks of the Ministry of Interior and the Legal Department of the General Secretariat of the Council of Ministers.

The council voted to “write off the Ministry of Finance the sums of money and all its benefits resulting from the employees’ debts in the Institution of Political Prisoners, of whom were martyred exclusively as a result of terrorist operations, instead of extinguishing them.”

He also agreed to waive the amount of income tax on the issuance of bonds of the Republic of Iraq for the year / 2006, owed by the Commercial Bank of Iraq exclusively for the years from 2006 to 2017, amounting to five billion and 701 million and 142 thousand dinars.

The Council approved the national strategy for the security of critical infrastructures, taking into consideration the opinion of the General Secretariat of the Council of Ministers.

The government announces good news for citizens: interest-free loans for the purchase and construction of housing units

communitybreakingHome LoansIraqi Council of Ministers 2021-06-22 13:28A-AA+

Shafaq News/ Cabinet spokesman Hassan Nazim announced, on Tuesday, a government initiative to grant interest-free loans to citizens to buy and build housing units.

Nazim said in the weekly press conference held after the cabinet session and attended by Shafak News Agency correspondent, that “there are measures by the government to take care of the housing file,” adding that “the Central Bank took the initiative to fund the Real Estate Bank and the Housing Fund with more than one trillion and 800 billion dinars.”

He explained, “The initiative will grant interest-free loans to citizens to buy and build housing units.” Nazim pointed out that “the loan repayment period is up to 20 years and will motivate citizens to buy housing units.”

He pointed out that “the Council of Ministers agreed to allocate three billion dinars for the expansion of the Baghdad-Kut road.”

On the electoral issue, Nazim said that “the Council of Ministers hosted the head of the Electoral Commission to overcome the difficulties facing its work.”

He added, “The Council of Ministers discussed preparing the commission’s warehouses and taking care of the cadre that will work during the elections.”

The Cabinet spokesman stressed that “the government is determined to complete fair and impartial elections on the specified date.”

He pointed out that “the Council of Ministers approved the national strategy for infrastructure security, which includes sensitive issues.”

Australia provides Iraq with $2 million to get rid of mines and remnants of war

06/22/2021 18:09

  • number of readings 17
  • Section : Iraq

Baghdad/The Obelisk: The United Nations Mine Action Service in Iraq (UNMAS) announced, on Tuesday, June 22, 2021, that it welcomes the Australian government’s financial contribution of 3 million Australian dollars, equivalent to two million and a quarter US dollars for mine action in the liberated areas of Iraq, thus reaching The Australian Government’s five-year contribution to a total of A$21 million (about US$11 million).

More than three years after the Government of Iraq declared victory over ISIS, their presence remains, especially through the thousands of explosive ordnance they left behind in the wake of their loss.

UNMAO has intensified its strategy to ensure optimal and sustainable support to the Government of Iraq.

As part of this strategy, it launched a new partnership model that brings together international mine action organizations with local NGOs, paving the way for national ownership and localization of the mine action response in Iraq.

“Explosive ordnance and remnants of war pose ongoing risks to Iraqi communities and impede efforts to recover from conflict,” Australian Ambassador to Iraq Paula Ganley told Basnews. “Australia is pleased to continue its long-standing partnership with UNMAS in support of national authorities and their important efforts.” in helping conflict-affected communities recover and build resilience in a safe and stable environment.”

UNMAS Iraq Program Director Per Ludhamar said: “Since UNMAS began its activities in Iraq, Australia has been a consistent supporter of mine action, playing a pivotal role in the continuation of this work in the country. The work not only does rehabilitation and reconstruction activities, but also provides job opportunities for vulnerable communities, contributing to reviving the local economy as well as saving lives in the process.”

Follow the obelisk

America expects an economic recovery in 2021

06/22/2021 15:53

  • number of readings 49
  • Section : Arab and world

Baghdad / Obelisk: Jerome Powell, Chairman of the US Federal Reserve, expressed his optimism about the emergence of an accelerated improvement in his country’s economy for the remainder of 2021, driven by the continued distribution of vaccines.

And he said in a statement issued by his office, that the distribution of vaccines in various states contributed to a rapid recovery in monetary and fiscal policy, and boosted employment, at a time when the gross domestic product is on the right track.

The American economy was badly affected by the repercussions of the outbreak of the Corona virus during the past year, before it showed an improvement in several indicators, including the improvement in household spending, and the return of the housing, investment and industrial sectors to activity again.

Powell considered that the Fed is currently pursuing a monetary policy aimed at promoting a strong and stable economy that can improve economic outcomes for all Americans, and inflation has increased significantly in recent months, which is an indication of improved consumption, but he saw that the epidemic still poses risks to the economic outlook, and progress in Vaccines limit the spread of the virus, but the emergence of new strains disrupts the local economy.

Powell explained that the injection of nearly two trillion dollars into the local economy contributed to accelerating the economy’s return to the path of growth during the current year, expecting unprecedented growth in decades. Last April, the International Monetary Fund said that it expects a faster recovery than expected in the American economy. Thanks to Corona vaccines and recovery plans, the Fund expects the US economy to grow by 6.4% this year, and 3.5% in 2022.

The US economy contracted 3.5% for the whole of 2020, according to Commerce Department data, less than half the International Monetary Fund’s forecast of a 6.6% contraction.

Follow the obelisk – agencies

The Kurdistan Regional Government sets a date for Baghdad to send 200 billion: Our share of the budget is more than 11 trillion

Kurdistan womenBaghdadbreakingbudgetTerritory 2021-06-22 06:38A-AA+

Shafaq News/ The Minister of Planning in the Kurdistan Regional Government, Dara Rashid, announced on Wednesday that the federal government will send 200 billion dinars, with a retroactive effect, until the Board of Supreme Audit finishes auditing the region’s imports. 

Rashid said, in a statement he made to reporters today, that the region’s draft budget was delayed in sending it to Parliament due to the delay in implementing the federal budget law, because until now it is not clear how much Baghdad will send to us.

And he added, “The region’s share in the federal budget law is 11.4 trillion dinars, and if we do not receive this amount, we will not be able to organize our financial affairs.”

Rashid also confirmed that currently the federal government has agreed to send 200 billion dinars retroactively until the completion of the audit of the region’s imports by the financial control, adding that the federal financial control is doing its work and until yesterday their delegation was present in the region.

The minister noted that there are currently no legal obstacles to sending the region’s share, and this is only prevented by technical matters, stressing that the regional government has expressed more than once its willingness to deliver oil imports and crossings according to what is stated in the law

Regarding the number of employees working in the public sector, the minister said: Currently, the region has 753 thousand employees, and the Federal Oversight Bureau has no comments about the number of the region’s employees.

And he went on, saying: The Ministry of Finance announced that it will continue to deduct 21% of the employees’ salaries for this month as well, because so far, even the amount of 200 billion dinars has not reached the region.