The price of the dollar raises inflation rates to 8 percent..and planning: does not raise fears

2021/08/14 11:42

  • number of readings 327
  • Section : Iraq

Baghdad / Obelisk: The Ministry of Planning announced, on Saturday, August 14, 2021, the reasons for the high rate of inflation in the country, revealing its natural limits.

Ministry spokesman Abdul-Zahra Al-Hindawi said in a statement to “The Obelisk” that inflation rates are rising in all countries and varying between one country and another, subject to the development reality of countries.

He added that in Iraq, after the change in the exchange rate of the dollar, inflation rates increased more than it was before the change in the exchange rate, noting that the rates began to witness stability during the recent period, and there is a cumulative rise between half to 1 percent.

He went on to say that the inflation rate rose to 8%, which is an average for a country like Iraq that is living in these conditions, which are not alarming.

He pointed out that if the rate rises to 10 or 12 percent, it is within the natural rates of rising inflation and is not unbridled, but is called a controlled natural rise that does not raise fears.

A group of unions and federations had announced earlier, the launch of a national campaign to support the national currency and the economy and increase the citizen’s confidence in the Iraqi dinar.

Six unions said in a statement received by Al-Masala, in which it announced the launch of a national campaign under the auspices of the Central Bank of Iraq to raise awareness to support the national currency and the Iraqi economy. A large segment of Iraqi society.

This campaign aims to shed light on the importance of dealing with the national currency and increasing the citizen’s confidence in it, for the contribution of all sectors to maintaining the exchange rate and keeping inflation at low rates, and reducing poverty and unemployment rates through the entry of Iraqi and foreign investors to work inside the country, which will lead to Increasing the services provided to citizens and this is fully reflected positively on the economy.

Poverty indicators in the country increased to 27 percent due to the increase in price hikes, according to the Ministry of Planning.

The prices of goods, especially foodstuffs, rose due to the rise in the exchange rate of the dollar.

obelisk

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The Parliamentary “Finance” in Iraq reveals a joint plan with the private sector to maximize revenues

The Parliamentary “Finance” in Iraq reveals a joint plan with the private sector to maximize revenues

archival August 14, 2021 11:43 PMnull

Mubasher: The Parliamentary Finance Committee in Iraq revealed, today, Saturday, a joint plan between the committee, the Ministry of Finance and the private sector, which will be developed to address some points that will maximize revenues, strengthen the economy and solve its problems.

Member of the Committee, Deputy Sadiq Al-Sultani, told the Iraqi News Agency (INA), that “after the approval of the 2021 budget law, observations were made in the private sector after the increase in the Iraqi dinar exchange rate against the dollar, as prices changed in the markets in addition to changes in the local economy in the sector. special when comparing this change with tax deductions that included several paragraphs.

Al-Sultani added that “a joint workshop was held between the Finance Committee and the Ministries of Finance and Planning to find out the problems that hinder the work of the economy, businessmen and the private sector and how to address these points in the next year’s 2022 budget.”

He pointed out that “the workshop also discussed the reform paper developed by the Ministry of Finance, in addition to many discussions,” stressing that “joint committees will be formed before approving the 2022 budget, between each sector, whether at the level of the private sector for energy or some agricultural and industrial sectors, to come up with results and data. A mission that marks in the next budget in order to advance the service and economic realities in the country.

Speaking about the parliament’s amendments to the text of the current year’s budget, he pointed out that “many paragraphs of the 2021 budget have been amended, in order to maximize tax revenues, and if we compare today to what was 8 months ago, we find that a qualitative leap has been achieved in the amounts of tax revenues.”

He noted that “the private sector suffers from these taxes, and when the state and its institutions increase them in order to advance revenues for the public interest, there is an objection from the private sector because the matter may cause an increase in prices.”

He continued, “Therefore, a joint plan will be drawn up between the private sector, the Ministry of Finance and the Finance Committee in order to identify these points that may lead to a weak economy and weak taxes, and the results that lead to an increase in revenues will be addressed through these committees,” noting that “the budget numbers It is subject to its completion before the elections by government institutions.”

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Barzani’s party invites those who withdrew from the elections

political| 08:04 – 14/08/2021

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Baghdad – Mawazine News
The Kurdistan Democratic Party, led by Massoud Barzani, called on the Sadrist movement and the parties withdrawing from the early elections to review its decision.
The official spokesman of the Kurdistan Democratic Party, Mahmoud Muhammad, said, “The holding of early elections has become a popular demand, even among the political parties.”
He added, “As a result of the demonstrations and protests that the Iraqi provinces witnessed and the urgent demands of the angry masses for the necessity of holding early elections in Iraq, including the political parties as well. Iraqi citizens suffer from its consequences.”
He pointed out, “And for the purpose of addressing these crises that afflict Iraq and finding appropriate solutions to the demands of Iraqi citizens in general, it was seen that resorting to early elections to form a new federal government is the best factor and the best solution, and on this basis the necessary decision was taken.”
However, “but some parties, as a result of the exacerbation of crises, and the analysis of some well-known parties of how crises and problems arise and some of their considerations on the other hand, have announced their non-participation in the elections, and in our role in the Kurdistan Democratic Party, we see that holding elections with the participation of all political parties is a good window towards solving problems.” and the existing crises, and to achieve the demands of the Iraqi people, as well as to help the political process and save it from the stagnation it is suffering from.”
He called on the political parties and blocs that announced their withdrawal from the elections to review their decisions, and added, “We in the Kurdistan Democratic Party and based on the general interest of all Iraqi citizens, and we call on the brothers in the Sadrist movement and the other 26 parties who announced their non-participation in the Iraqi elections to review their decision and return to participate in the elections.” Elections as a popular demand and an urgent necessity for the current stage we are going through to serve the political process in Iraq and provide a successful model for governance in Iraq.” Ended 29 / h

https://www.mawazin.net/Details.aspx?jimare=163842

Jordan announces the return of shipping to Iraq on a round-to-door system

Economie| 02:45 – 14/08/2021

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Baghdad – Mawazine News
, the head of the Jordan and Amman Chambers of Industry, Eng. Fathi Al-Jaghbir, announced, on Saturday, the return of shipping to Iraq under the “door to door” system, that is, without an exchange between the two limits, starting on the 22nd of this month.
Said Jaghbir in circulating distributed today, the industrial sector rooms, ” The Minister of the Interior decided to allow the ship to Iraq regime” role to the role “as of August 22 , the current, while allowing those who wish to continue to export a way that ” buck to buck. ”
He pointed out that The decision came based on the intensive follow-up of the Chambers of Industry and their continuous demands to allow shipment to Iraq in a “round to round” way.
He stressed that “the decision will reduce shipping costs to Iraq and enhance the competitiveness of Jordanian products in the Iraqi market, expressing his hope that it will reflect positively on Jordanian exports.”
For his part, the head of the Syndicate of Owners of Clearance and Cargo Transport Companies, Dhaifallah Abu Aqoula, explained that “the decision that allows Jordanian trucks to enter directly into Iraqi territory, and the same for Iraqi trucks to enter the territory of the Kingdom, will reflect positively on the overall transportation system, the freight fleet and exports.”
Abu Aqoula said in a statement to the Jordan News Agency (Petra), that “the decision will reduce the time periods for the merchant and industrialist, and speed up the process of the arrival of Jordanian goods to the Iraqi market, in addition to activating the truck sector and accelerating the flow of goods passing through the transit route.” Ended 29/A43

https://www.mawazin.net/Details.aspx?jimare=163798

Once again, the dollar exchange rates enter a high-level meeting in preparation for the 2022 budget in Iraq

1,111 Policy 2021/08/14 21:38
Baghdad today – Baghdad
Today, Saturday, the Parliamentary Finance Committee revealed a joint plan between the committee, the Ministry of Finance and the private sector, which will be developed to address some points that would maximize revenues, strengthen the economy and solve its problems, noting the formation of joint committees to come up with important results, especially with regard to the dollar before approving a budget. Next year 2022.
Committee member, MP Sadiq Al-Sultani, said, according to the official agency, that “after the approval of the 2021 budget law, observations were made in the private sector after the increase in the exchange rate of the Iraqi dinar against the dollar, as prices changed in the markets in addition to changes in the local economy in the private sector when comparing This change with tax deductions that included several paragraphs.
Al-Sultani added, “A joint workshop was held between the Finance Committee and the Ministries of Finance and Planning to find out the problems that hinder the work of the economy, businessmen and the private sector and how to address these points in the next year’s 2022 budget.”
He pointed out that “the workshop also discussed the reform paper developed by the Ministry of Finance, in addition to many discussions,” stressing that “joint committees will be formed before approving the 2022 budget, between each sector, whether at the level of the private sector for energy or some agricultural and industrial sectors, to come up with results and data.” A mission that marks in the next budget in order to advance the service and economic realities in the country.”
And he talked about the parliament’s amendments to the text of the current year’s budget, that “many paragraphs of the 2021 budget have been amended, in order to maximize tax revenues, and if we compare today to what was 8 months ago, we find that a qualitative leap has been achieved in the amounts of tax revenues.”
He noted that “the private sector suffers from these taxes, and when the state and its institutions increase them in order to advance revenues for the public interest, there is an objection from the private sector because the matter may cause an increase in prices.”
He continued, “Therefore, a joint plan will be developed between the private sector, the Ministry of Finance and the Finance Committee in order to identify these points that may lead to a weak economy and weak taxes, and the results that lead to an increase in revenues will be addressed through these committees,” noting that “the preparation of the budget It is subject to its completion before the elections by government institutions.”

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The Baghdad government issues a decision to send 200 billion dinars to the Kurdistan Region

politicsKurdistan Regional Government 2021-08-14 14:05A-AA+

Shafaq News/ The Kurdistan Regional Government announced today, Saturday, the issuance of a decision by the federal government to send 200 billion dinars to the Kurdistan Region, within its share under the 2021 budget.

The representative of the Kurdistan government in Baghdad, Faris Issa, said, according to the Iraqi News Agency, that “the federal government decided to send 200 billion dinars to the Kurdistan government this month, as a government letter was issued to the Federal Ministry of Finance for the purpose of disbursing the amount and transferring it to the region.”

He added, “The Kurdistan Representation in Baghdad received the book as well.”

It is noteworthy that a source in the Kurdistan Regional Government, announced last July 11, that the federal government had deposited 200 billion dinars in the account of the Bank of the Regional Government.

At the end of last June, an official source in the Kurdistan Regional Government announced that Prime Minister Mustafa Al-Kazemi signed an official letter to disburse 200 billion dinars as an advance earmarked to pay the salaries of employees working in the public sector in the region.

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Iraq urges France, Saudi Arabia and the UAE to include Syria in the Neighboring Countries Conference

political| 05:46 – 14/08/2021

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Baghdad – Mawazine News,
a member of the Foreign Relations Committee of the Iraqi Parliament, Representative Amer Al- Fateez revealed today, Saturday, attempts by the Iraqi government to persuade France, Saudi Arabia and the UAE to invite Syria to participate in the summit of Iraq’s neighbors to be held at the end of this month.
The winner said, “So far, Syria has not been invited, but it seems that Iraq is currently trying to convince some countries such as France, Saudi Arabia and the UAE in order to clear the air and persuade them to participate in Syria, especially if we want to liquidate the atmosphere of the region and make reconciliations.” He stressed that “there are pressures The Iraqi government should not participate in the summit with Syria.”
The winner expected that there would be “agreement on the subject,” and added, “The summit proposal was originally intended to clear the atmosphere and give a role to Iraq, and perhaps France would agree to invite Syria in support of this idea and in support of Iraq’s position,” describing Syria’s participation in the summit as
The Iraqi government is taking the final steps for preparations for the summit, to be held at the end of this month, August, with the participation of the neighbors, and the meeting countries will discuss the problems and challenges that the region is going through. End 29 / h

https://www.mawazin.net/Details.aspx?jimare=163824

Al-Kazemi calls on immigrant Christians to return to Iraq

politicsChristiansimmigrantsAl-Kazemisaco 2021-08-14 10:48A-AA+

Shafaq News/ On Saturday, Iraqi Prime Minister Mustafa Al-Kazemi called on immigrant Christians to return to their country.

This came during his meeting with a delegation of bishops of the Chaldean Catholic Church, headed by Patriarch Mor Louis Raphael I Sako, which included a number of bishops from different governorates of Iraq, neighboring countries, Europe and America.

Al-Kazemi pointed out, according to a statement by his office, received by Shafaq News Agency, to “the importance of the work of clerics and social leaders in preserving the feature of diversity in Iraqi society, which is considered a wealth and an element of enrichment, and one of the features of the Mesopotamian civilizational extension.”

He added that “the Christian presence in Iraq is one of the most important pillars of this deep diversity, which today contributes to the protection of the democratic system, and provides solutions to political differences.” the University”.

Al-Kazemi recalled, “The historic visit of His Holiness the Pope to Iraq, and how it stimulated important positive repercussions to support Iraqi diversity, especially the Iraqi Christian spectrum.”

The Prime Minister called on immigrants from Christians or from the rest of the Iraqi sects to return to Iraq, the country of all, stressing the provision of full support to facilitate this return and stability.

For his part, Patriarch Sako affirmed his “full support for the government’s approach in dealing wisely and calmly with crises and challenges, and providing sound and rational solutions to them.”

And he expressed his “thanks and appreciation for the government’s efforts made during the past year, to move forward in implementing reforms, and to overcome the challenges that our Iraqi people faced,” according to the statement.

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Iraq Neighboring Countries Conference.. What are the most prominent expectations?

209 translated reports 2021/08/14 13:00
Baghdad today – translation
Later this month, the government of Prime Minister Mustafa Al-Kadhimi will attempt to make peace and emerge as a mediating power in the Middle East by holding a conference focusing on regional challenges and ways to overcome them.
The idea of the conference was initially to be held with the participation of neighboring countries, but it developed into a regional conference that will include delegations from non-neighboring countries as well, where it is expected, in addition to the five neighboring countries of Iraq, the participation of a number of other countries such as France, Egypt, Qatar, the United Arab Emirates and international institutions such as the European Union and the United Nations The United Nations, and Syria’s participation has not yet been determined .
The Baghdad conference marks “the first time that Iraq has taken a diplomatic initiative to de-escalate tensions in the region beyond diplomatic mediation.” Over the past few years, Iraq has sought to de-escalate tensions between Iran and Saudi Arabia. area to meet and address their differences in an open manner.”
The conference marks the first time that Iraq has held such an event since 1990, a step that signals “the revival of Iraq’s position as an important regional player.”
The summit, officially known as the “Iraq Neighboring Countries Conference”, is closely watched by observers and analysts in the region and beyond, because its agenda and the level of participation of regional heavyweights, particularly Iran and Saudi Arabia, will serve as a real test of whether de-escalation talks in The area, including between Tehran and Riyadh, has paid off .
Iran welcomed the Iraqi initiative. Iranian President Ibrahim Raisi described the conference in his last meeting with the Iraqi foreign minister as a “blessed step” and said that “Iran is looking at dialogue between the countries of the region in the context of addressing issues and improving relations between them, as a step towards strengthening regional security and stability. “
A senior Iraqi diplomatic source told Arab News in a report translated by (Baghdad Today), that “Saudi Arabia wants to know the level of Iranian and Turkish representation in particular, to determine whether Crown Prince Mohammed bin Salman will participate or not,” adding that “other countries want to The same, with Saudi Arabia welcome to participate, but so far it is not clear what kind of representation they are considering, the same is likely to be true for Qatar and the UAE, which have been at odds since 2017.
These complexities make it difficult to anticipate the events of the Baghdad conference, and the Iraqi foreign minister said that “this event will not be just an occasion to take pictures, but rather, it will be a catalyst for a greater understanding of regional challenges, and that the conference will provide an excellent atmosphere for holding a Saudi-Iranian meeting at the level of heads of participating delegations.” in the event ” .
The conference may succeed in convening a spontaneous meeting between the delegations of Tehran and Riyadh, but the Iranian-Saudi differences are so deep that it is unlikely that the opportunity of one session will resolve them, however, such a meeting can serve as a prelude to other meetings .
Iran and Saudi Arabia have already been holding talks in Iraq since April, but all of these meetings were held behind closed doors, and even Iran’s invitation to Saudi Arabia for a major inauguration failed to get the two rivals to announce their talks. This may be due to Saudi Arabia’s unwillingness to take the first step toward Iran. That the Baghdad conference would provide both sides with a neutral venue and also break the ice

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Parliamentary Finance: The government will formulate the budget and move to the next parliamentary session

2021/08/14 11:16

  • number of readings 124
  • Section : Iraq

Baghdad / Obelisk: On Saturday, August 14, 2021, the Parliamentary Finance Committee linked the next year’s budget 2022 to the fate of the parliamentary elections.

Committee member Jamal Cougar said in a statement to a local satellite channel, which was followed by “The Obelisk”, that the decision to hold early elections on their scheduled date should be decided no later than the first of next September in order to determine our paths in dealing with the budget.

He went on to say that the current disputes and the accompanying tension and attraction will lead in their entirety to the continued disruption of Parliament sessions and the failure to pass important laws, foremost of which is the budget.

He pointed out that Parliament will have two cases, the first of which is not to postpone the elections, and to keep their scheduled date on the tenth of October, and this means that the 2022 budget will be carried over to the next session, while the current government will prepare the preliminary formulations in the hope that the subsequent government will complete the steps.

He added that the second case that we will face is to postpone the elections to another date, at which time we believe that Parliament will be able to legislate the budget.

He explained that any further postponement of the elections would exceed February of next year, and therefore we will have plenty of time, perhaps until the end of the current session in accordance with the specified constitutional terms, at which time we will legislate the law in a manner commensurate with the current economic situation.

He resumed saying that the statement that political divisions will continue even with the postponement of the elections is true, but Parliament, in turn, will continue its work to legislate important laws under pressure from the Iraqi street, and one of the most important of these laws is the budget, stressing that the current obstruction is the elections and the start of media campaigns and preoccupation with them before The nominated representatives, and any new postponement will negate the reason for this delay.

He expressed his hope that the government would complete the project as soon as possible and send it to Parliament, calling not to repeat the scenario of what happened in the current year’s budget, as we reached the project in mid-February, and it faces two complicated issues, namely the price of a barrel of oil on the one hand, and the stabilization of the dollar exchange rate on the one hand. other.

Cougar went on to say that the whole issue is related to holding the elections or not, but despite that, the government must carry out its tasks, especially in preparing the draft budget law, until the last day of its life and send it to Parliament.

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