27th August 2022 in Investment, Iraq Banking & Finance News, Politics
By John Lee.
The Central Bank of Iraq (CBI) reportedly expects cash reserves to reach $90 billion by the end of this year, up from about $80 billion currently.
CBI Deputy Governor, Ammar Khalaf, told the Iraqi News Agency (INA) that the increase is a result of higher oil prices.
He added that gold reserves have increased by about 30 tons, to more than 131 tons.
(Source: INA)
iraq-bussinessnews.com
{Politics: Al Furat News} The President of the Kurdistan Region, Nechirvan Barzani, intends to head to the capital, Baghdad, at the head of a high-level Kurdish delegation in the next two days to put forward a joint initiative with the Sovereignty Alliance and other powers to resolve the political impasse.
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A member of the Kurdistan Democratic Party, Mahdi Abd al-Karim said; For the {special coverage} program broadcast by the Al-Furat satellite channel, it stated that “with each crisis, the ceilings of demands rise as a result of pressures through dialogue, and as a vision and move for the democrat only, he put forward a number of initiatives, most notably a direct call to open the door for dialogue in Erbil.”
He added, “The Kurdish House met today, and during the next two days, headed by Nechirvan Barzani, he will head to Baghdad with an initiative to solve the political crisis between the parties, and there will be a meeting of all political forces and parties in the next two days at the government palace and their outputs will go to Al-Hananah.”
Abdul Karim continued, “We count a lot on Massoud Barzani’s initiative to get out of the political blockage, and early elections procedures are not easy in the absence of a law for them,” commenting, “The defect is not in the current parliamentary system, but in the mechanisms used.”
And he indicated that “there are international dangers and challenges facing Iraq if the political impasse continues, and we expect during the next two days the arrival of Nechirvan Barzani to Baghdad.”
Abdul Karim pointed out, “The entry of the United Nations mission as a guarantor of the agreement between the political forces,” ruling out “the internal conflict and the return of Chapter VII to Iraq, with the presence of the supreme religious authority, the safety valve for the country.”
And the Democratic Party member concluded, “the necessity of having a road map at the current stage that everyone agrees on and bears his responsibility towards the next government for its failure and success.”
political| 03:52 – 27/08/2022
Baghdad – Mawazine News
, the head of the Sadrist movement, Muqtada al-Sadr, called for the signing of an agreement to resolve the political crisis, ensuring that all political blocs, including the movement, would not participate.
Salih Muhammad al-Iraqi, nicknamed the Minister of al-Sadr, quoted the latter as saying: “ In the
name of God
, there is something more important than dissolving parliament and holding early elections. The
most important thing is: the non-participation of all the parties and personalities that participated in the political process since the American occupation in 2003 to this day… in all its details. Leaders, ministers, officials, and special ranks affiliated with the parties, absolutely..including the Sadrist movement..I say this with full mouth.This is in exchange
for all the initiatives that some, including the United Nations , are seeking.Thank you.I
am ready and within a maximum period of 72 hours to sign an agreement That includes it now.
It is not to be said that this is achieved after the upcoming elections, nor is it to be achieved in a bloody manner.
If this is not achieved, then there is no room for reform.. Therefore, there is no need for me to interfere with what is happening in the future, not by tweeting or by anything else.
On his authority, Saleh Muhammad al-Iraqi. Ended 29 / h
politicsbreakingsecurity leadersThe security situationpolitical crisis
2022-08-27 09:27A-AA+
Shafaq News/ The politician close to the coordination framework, Saad Al-Mutalibi, warned today, Saturday, of the deteriorating security situation in the cities of central and southern Iraq, and revealed the reason for this.
Al-Mutalibi told Shafaq News Agency, “There are fears and warnings of the deterioration of the security situation in the cities of central and southern Iraq,” attributing this to “the making of major and dangerous changes in the security and military leaders in these cities by the government of Mustafa Al-Kazemi.”
Al-Muttalibi accused the government of “exploiting the absence of the Parliament’s oversight role, the current political crisis, to make these changes.”
And he indicated that “the major changes in the security and military leadership were carried out according to non-professional standards,” noting that they “placed officers with affiliations and loyalties to certain political parties in very sensitive positions.”
Al-Mutalibi considered that “this could significantly affect the security situation,” adding that these changes “have been made according to a political agenda.”
securityunitadSecurity Ministerial Council
2022-08-27 09:23A-AA+
Shafaq News/ The Iraqi National Security Ministerial Council approved, on Saturday, the extension of the work of the mission of the international team to investigate the crimes of the terrorist organization ISIS (UNITAD).
This came during a meeting chaired by the Prime Minister, Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, during which developments in the security situation in the country were discussed, and a number of important security files were discussed.
At the beginning of the meeting, Al-Kazemi praised, according to a statement received by Shafaq News Agency, “the efforts of the armed forces as they continue their operations in pursuit of the remnants of ISIS terrorist gangs, and their ability to kill a number of terrorist leaders in qualitative operations, and to destroy many terrorist dens.”
Al-Kazemi stressed “the need to redouble the security effort in combating organized crime, and prosecuting drug gangs,” noting that the Prime Minister “instructed all security services to coordinate and integrate in implementing security plans, in a way that contributes to spreading stability and strengthening the elements of social security in its various forms.”
The Ministerial Council for National Security discussed the files and topics on the agenda, and issued decisions, recommendations and directives on them, and the Council agreed to extend the work of the mission of the United Nations team to investigate the crimes of the terrorist organization ISIS (UNITAD), “according to the statement.
politicsbreakingelectionsMinister of Al-Sadr
2022-08-27 09:21A-AA+
Shafaq News/ A close associate of the leader of the Sadrist movement Muqtada al-Sadr, nicknamed “Minister of the Leader” Saleh Muhammad al-Iraqi, called on Saturday, not to participate in all political parties, including the same movement, in the upcoming elections and the formation of the government.
Al-Iraqi said in a tweet followed by Shafak News Agency, that “there is more important than dissolving parliament and holding early elections, and the most important is: the non-participation of all parties and personalities that have participated in the political process since the US occupation in 2003 and to this day, with all its details, leaders, ministers, employees and special degrees affiliated with it.” For the parties, but absolutely, including the Sadrist movement.. I say that with full mouth.
He added, “This is in exchange for all the initiatives that some are seeking, including the United Nations, and I am grateful, and I am ready, within a maximum period of 72 hours, to sign an agreement that includes this, from now.”
Al-Iraqi continued, “It is not said that this is achieved after the upcoming elections, nor that it be achieved in a bloody manner, and if this is not achieved, then there is no room for reform, and therefore there is no need for me to interfere with what is happening in the future, neither by tweeting nor by anything else.”
The political process has witnessed a stifling support since the results of the last elections in October 2021 until now, which is more than ten months, as the Sadrist movement insists on forming the government before it without the participation of Shiite political parties in this, and on the other hand, the comprehensive coordination framework of Shiite forces stands Other Sunni and Kurdish blocs and independent representatives are in an anti-Sadr camp, where they stick to choosing a candidate from the largest Shiite blocs to form the government.
On July 30, the crisis reached its climax, when supporters of the Sadrist movement stormed the Green Zone and the House of Representatives, in which they have been camping so far, in refusal to nominate the coordinating framework, Muhammad Shia al-Sudani, to head the government.
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