The Triple Alliance is preparing to hold an upcoming meeting in Erbil to discuss forming the next government

2022/02/20 21:13

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  • Section : Iraq

Baghdad / Obelisk: The Kurdistan Democratic Party revealed, on Sunday, February 20, 2022, that a meeting will be held between the Triple Alliance in Erbil to discuss passing the presidents of the republic and the ministers in one basket.

A member of the Kurdistan Democratic Party, Mahdi Abdul Karim, said in an interview with a local satellite channel, which was followed by the obelisk, that what is issued by the Federal Court regarding the consideration of the case filed about opening the door for candidacy for the position of the presidency is respectable, pointing out that opening the nomination for the presidency for the second time is within the powers of the House of Representatives. 

He added that the parliament session will be held next week or the next, indicating that the project to form a majority government is past and may join at the last moments part of the coordination framework with the Sadrist bloc.

He pointed out that the contact that took place between the leader of the Sadrist movement Muqtada al-Sadr and the leader of the Kurdistan Democratic Party, Massoud Barzani, through which it was agreed to hold a meeting of the Triple Alliance in Erbil during the coming days, explaining that according to the data, the meeting will be held to discuss the outcomes of the previous meetings and to determine the future mechanisms of action. Especially for the first session and preparing for it, given that there are entitlements to elect the President of the Republic and the Prime Minister in one basket.

Al-Sadr, whose current led the elections that took place last October, refused to enter into an alliance with parties in the framework to form the largest bloc.

Al-Sadr seeks to form a national majority government, unlike the rest of the coordination framework forces, which demand a consensual government in which all political forces within Parliament participate, similar to previous sessions.

Observers believe that the Sadrist movement has no choice but to agree with the coordinating framework in whole or in part to proceed with the project of forming a government.


The Central Bank resolves the controversy: There is no intention to change the exchange rate and we have sufficient foreign reserves

economybreakingCentral Bank of Iraqexchange rate

 2022-02-20 13:15A-AA+

Shafaq News/ An informed source in the Central Bank of Iraq revealed, on Sunday, that there are no intentions to change the current exchange rate of the dollar against the Iraqi dinar. for the possibility of a price change.

A special source in the Central Bank of Iraq said, “There are no intentions to change the current exchange rate, especially after the positive results that it achieved during the past period.”

He added that “the discussions that took place during the hosting of the Governor of the Central Bank of Iraq in the House of Representatives on Saturday corresponding to February 19, 2022 emphasized the need for concerted efforts by all government institutions to improve the economic and living standards of the poor classes that were affected by the high rate of inflation.”

He called on the public to “not deal with news that indicates the possibility of a price change,” stressing that “the central bank possesses sufficient foreign reserves to stabilize the current exchange rate.”

Yesterday, Saturday, the Iraqi Council of Representatives formed a parliamentary committee specialized in the financial and economic file and supervising the work of the Central Bank, against the background of the tweet of the leader of the Sadrist movement Muqtada al-Sadr regarding the devaluation of the Iraqi dinar against the US dollar.

And the leader of the Sadrist movement, Muqtada al-Sadr, had made six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the governor of the Central Bank, Mustafa Ghalib, immediately.

Al-Sadr’s proposals included, “strongly stopping currency smuggling, looking into the matter of some banks such as (Middle East, Al-Qabd, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some of the parties controlling the country and people.”

In addition, Al-Sadr urged “to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate.”

A  noticeable decline in the dollar at the closing of the Baghdad Stock Exchange


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The exchange rates of the US dollar fell against the Iraqi dinar, today, Sunday, when the main stock exchange in Baghdad was closed.The exchange rate on the Al-Kifah and Al-Harithiya Central Stock Exchange, with closing, reached 142,250 dinars, after it was 144,500 dinars in the morning, compared to 100 dollars.Buying and selling prices decreased in banking shops in the local markets in Baghdad, where the selling price reached 141,000 dinars, while the purchase price was 143500 dinars per 100 dollars.AA

The Central Bank of Iraq breaks its silence and reveals details regarding the dollar exchange rate

economybreakingpay salariesCentral Bank of Iraq

 2022-02-20 09:21A-AA+

Shafaq News/ The Central Bank of Iraq considered, on Sunday, that positive results were achieved from the exchange rate of the US dollar against the dinar, warning of an “economic stagnation” in the event of its repeated change within short times without studying.

An authorized source in the Central Bank of Iraq issued a statement this evening, which was reported to Shafak News Agency, that the current exchange rate has achieved many positive results, the most prominent of which was reducing the state budget deficit to achieving a surplus at the end of 2021, and giving local producers and investors an important competitive advantage. With imported goods.

The source said that the repetition of changing the exchange rate within short times without a study from the concerned authorities leads to an economic recession, confuses the work of local markets, increases speculation on foreign currency, and squanders the gains made by the current exchange rate.

The source stressed that despite the rise in global oil prices of an unstable nature, there is no connection between this rise and the objectives and results of changing the exchange rate, indicating that the current rise in oil prices will enable the Iraqi government to rebuild the Iraqi economy correctly, and build financial buffers. Sufficient to face any future fluctuations in international oil prices.

On the other hand, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, praised the results of his meeting with members of Parliament yesterday, Saturday.

In a separate statement to the Central Bank, which was received by Shafak News Agency, the Governor of the Bank provided a full explanation of the Central Bank’s tasks, the mechanisms for buying and selling foreign currency, and the supervision of the banking sector.

The governor also presented, according to the statement, the justifications that necessitated the adjustment of the foreign currency exchange rate and the results that have been achieved and will be achieved in the medium and long term, indicating that the Central Bank is studying the issue of the exchange rate from its various aspects, and public financial institutions must perform their tasks in a complete manner to achieve all the objectives of the decision.

 Earlier today, Sunday, the owners of banking offices in Baghdad demanded that the Central Bank determine its position on the process of changing the price of the dollar.   

The exchange rates of the dollar (yesterday and today) witnessed a continuous decline amid political statements calling for the reduction of dollar prices with the improvement and rise in oil prices, and the owners of exchange offices worked hard in selling the dollar and the lack of clarity about the government’s direction to reduce the dollar price or not.

And yesterday, Saturday, the Iraqi Council of Representatives held a meeting headed by Hakim Al-Zamili, the first deputy speaker of the Council, to discuss the reality of the dollar exchange rate against the local currency.

The Governor of the Central Bank, Mustafa Ghaleb Mokhif, his deputy and a number of officials in the bank attended the meeting, while Finance Minister Ali Allawi and his ministry boycotted the meeting.

In his speech during the start of the meeting, Al-Zamili promised the Minister of Finance to question him under the dome of Parliament, and to issue a decision banning him from traveling outside Iraq.

It is noteworthy that the Central Bank of Iraq, on December 19, 2020, officially announced the amendment of the foreign exchange rate (the US dollar) to be 145,000 dinars for every $100, according to the state’s general budget for the year 2021 approved by the House of Representatives.

As a result, according to specialists, the annual inflation in Iraq rose significantly, so that the prices of all materials and commodities in the Iraqi market rose significantly, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.

USD closes lower in Baghdad’s markets

EconomyU.S. dollar

 2022-02-20 08:18A-AA+

Shafaq News/ The U.S. dollar (USD) exchange rates against the Iraqi dinar (IQD) closed lower in the markets of the Iraqi capital, Baghdad, today, Sunday.

Shafaq News Agency correspondent said that the dollar closed at 144300 IQD for every 100 USD in al-Kifah and al-Harithiya Central Exchanges.

The buying and selling rates of the USD in Baghdad’s local market stood at 143500 and 145500 IQD for every 100, respectively.

The dollar continues to decline against the dinar.. the continued depreciation of the exchange rate in Baghdad

economybreakingKifah Stock Exchangedollar depreciationIraqi dinar

 2022-02-20 07:19A-AA+

Shafaq News/ Hours after the opening of the Baghdad market declined on Sunday, the exchange rates of the US dollar against the Iraqi dinar continued to decline, on the main stock exchange in the capital, Baghdad. 

Shafak News Agency correspondent said that the Central Kifah and Al-Harithiya Stock Exchange in Baghdad registered at 3 pm this evening 144,300 Iraqi dinars, compared to 100 US dollars.

While the dollar exchange rates recorded this morning in Baghdad 145,400 Iraqi dinars, compared to 100 US dollars.

Our correspondent indicated that buying and selling prices decreased in banking shops in the local markets in Baghdad, where the selling price amounted to 143500 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 145500 Iraqi dinars per 100 US dollars.

The owners of the exchange offices in Baghdad confirmed earlier today, Sunday, that they had expanded the difference between buying and selling to ten figures, and while they demanded the Central Bank to determine its position on the process of changing the price of the dollar, an economist considered that the fluctuation in the price of the dollar led to a recession in markets.

The Federal Court sets a date for the appeal hearing to reopen the nomination for the post of President of the Republic

politicsbreakingFederal CourtThe position of the President of the RepublicAppeal hearing

 2022-02-20 05:47A-AA+

Shafaq News/ The Federal Supreme Court (the highest judicial authority in Iraq) is scheduled to hold a session, next Wednesday, for the purpose of resolving the appeal to reopen the nomination for the position of President of the Republic by the Presidency of the Iraqi Council of Representatives.

This came according to what a judicial source told Shafak News Agency.

The Iraqi Council of Representatives was scheduled to vote in the February 7 session to elect a candidate for the presidency, but the absence of most of the political blocs prevented it from being held.

On February 8, Parliament Speaker Muhammad al-Halbousi decided to reopen the nomination for the position of President of the Republic, after failing to hold the session designated for this purpose.

And the independent deputy, Basem Khashan, recently announced the appeal to the Federal Court of the decision of the Presidency of the Iraqi Parliament, No. (4), which includes opening the door for candidacy for the post of President of the Republic again.

According to a political custom followed in Iraq since 2006, the Kurds occupy the position of the President of the Republic, the Sunnis the presidency of the parliament, and the Shiites the head of the government.

The election of a new president for the country is a necessary step to move forward in forming the next government, according to the country’s constitution, following the early parliamentary elections that took place last October.

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Al-Sadr informs Iran and the leaders of the framework: either a government without al-Maliki or the opposition

politicsIranMuqtada al-SadrShiite coordination framework

 2022-02-20 05:19A-AA+

Shafaq News/ A leader in the Sadrist movement revealed today, Sunday, that the leader of the movement, Muqtada al-Sadr, delivered a message to Iran and the leaders of the coordination framework, regarding the formation of the next Iraqi government.

The leader, who asked not to be named, told Shafak News Agency, “Al-Sadr sent a message to the Islamic Republic of Iran and the leaders of the coordination framework, that the decision to prevent the leader of the State of Law coalition, Nuri al-Maliki, from participating in the new government, does not retreat from it, whatever pressures and threats against him.”

And he indicated that “Al-Sadr confirmed in his message that the Sadrist bloc is ready to go to the opposition, not to participate in a government that brings together the Sadrist movement with Maliki,” explaining that “at the same time, Iran and the framework do not want Al-Sadr to go to the opposition, they realize that this matter will not make the government age.” The new one lasts more than one year, which is why they want a consensual government that brings the current and the framework together,” as he put it.

The dispute is intensifying between the Sadrist bloc and the forces of the coordination framework, especially with the State of Law coalition and its leader, Nuri al-Maliki, as internal and regional mediations have failed to restore relations between the parties due to al-Sadr’s insistence on excluding al-Maliki from the political process.

Former Finance Minister Rafie al-Issawi sentenced to two years in prison

politicsbreakingRafea Al-Issawiprisoner

 2022-02-20 05:16A-AA+

Shafaq News/ A judicial source reported on Sunday that the Karkh Investigation Court in the capital, Baghdad, issued a suspended sentence of two years in prison against former Finance Minister Rafie al-Issawi.

The source told Shafaq News that the ruling against Al-Issawi related to a case related to one of the previous cases related to integrity when he was serving as Minister of Finance.

And the Supreme Judicial Council announced in June of the year 2020, the release of former Finance Minister Rafie al-Issawi on bail, after the absence of evidence against him according to terrorism.

And the Supreme Judicial Council in Iraq announced, in 2020, the arrest of the accused, Rafi Al-Issawi, the former Iraqi Minister of Finance, to be investigated for the crimes he is accused of.

Al-Issawi, who belongs to the Union of Iraqi National Forces (Sunni Alliance) bloc, held the position of Finance Minister in the Iraqi government between 2008-2014 when Nuri al-Maliki was prime minister, and al-Issawi resigned from his position before the end of his duties after being accused of supporting terrorism.