Parliament session ends without electing the President of the Republic

politicsIraqi parliamentbreakingElection of the President of the Republic 2022-02-07 06:56A-AA+

Shafaq News/ On Monday, a parliamentary source reported that the parliament session for electing the president of the republic had ended, without holding an official session because the quorum was not achieved.

The source told Shafaq News Agency, “The House of Representatives ended its deliberative session and the parliamentarians left the parliament building.”

The parliament session was scheduled to take place at twelve o’clock local time to elect a new President of the Republic from among 25 candidates.

However, the session did not convene due to the failure to achieve the required quorum for the number of members present; It was attended by only 58 deputies out of 329.

And on Sunday, the Sadrist bloc, the Sovereignty Alliance, the Kurdistan Democratic Party, and the Turkmen bloc announced their boycott of the parliament session, while the coordination framework welcomed the blocs’ boycott of the session in order to allow more discussions to contain the existing differences.

These developments come after the Federal Supreme Court of Iraq issued a decision to stop the procedures for the nomination of Hoshyar Zebari for the post of President of the Republic until he resolved a lawsuit filed by four deputies on the grounds that Zebari did not meet the conditions required to occupy the position.

Legal experts considered that the Iraqi parliament’s session dedicated to electing the new president has become suspended as a result of the recent Federal Court decision.

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Parliament turns its session into deliberative

political| 01:25 – 07/02/2022

Baghdad – Mawazine News
, today, Monday, the Presidency of the House of Representatives decided to convert the session into a deliberative one.

And the media department stated, in a statement received by Mawazine News, that “the Presidency of Parliament decided to convert today’s session into a deliberative one.”

It is noteworthy that the House of Representatives announced, earlier today, Monday, the postponement of its session for half an hour.

The Parliament’s media department announced that 58 deputies attended the session devoted to electing a president.

Today, Monday, the House of Representatives is scheduled to hold a session to elect the President of the Republic, while a number of blocs announced a boycott of the session. Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=183910

Al-Halbousi directs to address the secretariat of the Council of Ministers to send the 2022 budget

political| 02:50 – 07/02/2022

Baghdad – Mawazine News
, Parliament Speaker Muhammad al-Halbousi directed, today, Monday, to address the secretariat of the Council of Ministers to send the 2022 budget

. The Parliament’s media department said in a brief statement received by “Mawazine News”, that al-Halbousi “directed the General Secretariat of the Council of Representatives to address the General Secretariat of the Council of Ministers to send the budget. Federal for 2022.

Earlier today, Monday, the head of the Parliamentary State Forces Alliance bloc, Faleh Al-Sari, called on the parliament’s presidency to “issue a legislative decision obligating the government to send the budget for the purpose of approving it in the service of the Iraqi people.” Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=183916

The growth of hard currency reserves in Iraq to more than 64 billion dollars

economybreakingCentral Bank of Iraqthe reservegold reservehard currency reserves 2022-02-07 06:17A-AA+

Shafaq News/ The Central Bank of Iraq revealed today, Monday, a growth in the country’s hard currency reserves to reach more than 64 billion dollars.

The Deputy Governor of the Bank, Ihsan Shamran, told Shafak News Agency, “Iraq’s reserves of hard currency, which includes the cash currency of the dollar, the euro, sterling and other other foreign currencies, in addition to the gold reserves amounted to more than 64 billion dollars,” noting that “there is a continuous growth in These reserves are hard currency.

Shamran added that “the volume of Iraq’s gold reserves is 96 tons,” explaining that “Iraq began with the rise of the sequence globally, reaching the 38th rank globally by owning the largest gold reserves in the world.”

On January 19, the Central Bank of Iraq announced a significant growth in its foreign currency reserves last year, thanks to its diversified investments and management in accordance with monetary policy based on international best practices away from risks.

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