Baghdad – Mawazine News Prime Minister Mohamed Shiaa al-Sudani stressed on Monday the importance of adopting the constitution as a basic reference for resolving all outstanding files. “Prime Minister Mohamed Shiaa Al-Sudani received on Monday evening members of the House of Representatives from the parliamentary bloc of the Kurdistan Democratic Party, during which they reviewed the political, social and economic situation at the national level, and the most important challenges facing reform and development plans,” the Sudanese office said in a statement received by Mawazine News. The Prime Minister stressed to the members of the bloc, “The importance of adopting the Constitution is a basic reference to resolve all outstanding files or difficulties faced by joint work between the federal government and the Kurdistan Regional Government of Iraq.” Al-Sudani urged “to intensify efforts to integrate parliamentary work in censorship and legislation, with the government’s efforts to reform and raise the level of services, in order to achieve the aspirations of citizens throughout the country.” He stressed “the need to work to strengthen the home front and ensure the protection of all components and brotherly spectrums of the Iraqi people, towards consolidating coexistence and sustainable civil peace.” Finished29/h
Baghdad – Mawazine News Prime Minister Mohamed Shiaa al-Sudani stressed on Monday the importance of adopting the constitution as a basic reference for resolving all outstanding files. “Prime Minister Mohamed Shiaa Al-Sudani received on Monday evening members of the House of Representatives from the parliamentary bloc of the Kurdistan Democratic Party, during which they reviewed the political, social and economic situation at the national level, and the most important challenges facing reform and development plans,” the Sudanese office said in a statement received by Mawazine News. The Prime Minister stressed to the members of the bloc, “The importance of adopting the Constitution is a basic reference to resolve all outstanding files or difficulties faced by joint work between the federal government and the Kurdistan Regional Government of Iraq.” Al-Sudani urged “to intensify efforts to integrate parliamentary work in censorship and legislation, with the government’s efforts to reform and raise the level of services, in order to achieve the aspirations of citizens throughout the country.” He stressed “the need to work to strengthen the home front and ensure the protection of all components and brotherly spectrums of the Iraqi people, towards consolidating coexistence and sustainable civil peace.” Finished29/h
(Economic: Al-Furat News) Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein chaired on Monday the third meeting of the Ministerial Council for Economy, in the presence of Deputy Prime Minister and Minister of Planning and Ministers of Finance, Trade, Industry, Agriculture, the Secretary General of the Council of Ministers and the Governor of the Central Bank of Iraq, and the Chairman of the National
The Council discussed the economic topics on its agenda, as well as the importance of paying attention to developing a comprehensive economic strategy that includes the development of the industrial, agricultural, commercial and investment sectors.
At the end of the completion, Minister Hussein directed to complete the draft state budget law in order to vote on it in the Council of Ministers and then submit it to the Iraqi Council of Representatives to ratify the draft law.
Earth News / The Ministerial Council of the Economy directed on Monday to complete the draft general budget law.
A statement by the Ministerial Council received by Earth News said that “Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein, chaired the third meeting of the Ministerial Council for Economy, in the presence of Deputy Prime Minister and Minister of Planning and Ministers of Finance, Trade, Industry, Agriculture, Labor and Social Affairs, the Secretary General of the Council of Ministers, Governor of the Central Bank of
He added that “the Council discussed the economic topics on its agenda, as well as the importance of interest in developing a comprehensive economic strategy that includes the development of the industrial, agricultural, commercial and investment sectors.”
At the end of the meeting, the Speaker of the Council directed to complete the draft state budget law in order to vote on it in the Council of Ministers and then submit it to the Iraqi Council of Representatives to ratify the draft law.
Baghdad – Mawazine News The Parliamentary Committee on Economy, Industry and Trade confirmed, on Monday, the move to support the private sector and raise the standard of living of the Iraqi individual. “The committee is looking to legislate new laws and activate disruptive laws to support and revitalize the private sector,” committee member Sardi Nayef said. Nayef added that “the activation of the private sector has a great impact on supporting the Iraqi economy, its development and recovery, and thus well-being and raising the standard of living of the Iraqi individual.” The parliamentary economy committee in the previous House of Representatives pointed out that the obstacle to the private sector law is how to preserve state assets. Finished29/h
The Association of Iraqi Private Banks announced on Monday that the measures of the Central Bank to increase the supply of the dollar through its approved outlets will lead to the return of exchange rates to their rates quickly.
“Economic and political conditions and their repercussions negatively affect the stability of the monetary system and the financial system, and therefore this will lead to economic instability and market confusion,” ASEAN adviser Samir Al-Nusairi said in a statement.
Al-Nusairi added, “Several days ago, a new wave of criticism began from some media outlets affected by the rumors launched and driven by speculators in the currency exchange market in order to create confusion and instability and try to drag the monetary market into instability and thwart the Central Bank’s plans to control the target rates of the exchange rate, which has
He pointed out that “speculators took advantage of the decline in dollar sales in the window of selling foreign currency, which was explained by the Central Bank in a statement last week that the reason is the application of a new electronic platform to control external transfer similar to the platform of letters of guarantee currently implemented,” pointing out that “given the insufficient readiness of local banks with the start
He stressed that “another rumor is that the Central Bank will make a new change to the current price,” explaining that “the Central Bank has repeatedly announced that there is no intention to change the price at the moment and explained the negative effects of any change in price on the national economy, trade exchanges and local and foreign banking transactions with the countries of the world.”
He continued, “The exchange rate is determined by the Central Bank according to the effects and repercussions of the economic reality in a country like Iraq that suffers from challenges, repercussions, economic and financial crises, structural and systematic imbalance in the management of the economy and money that are not borne by the Central Bank alone because its role is clear, specific and independent, concentrated in stimulating the economy according to the tools and applications of monetary policy, but this is not achieved without joint coordination with fiscal policy and other economic sectors, activating the real economy, diversifying sources of national income and leaving the unilateral economy based on oil as a major resource that constitutes 93–1% of the revenues of the budget and 57.5% of GDP.”
He stressed that “those who criticize the Central Bank should be aware that its measures announced yesterday by increasing the supply of the dollar through its approved outlets and banks will inevitably lead to the return of the price to its target rates inevitably and quickly.”
Shafaq News / Prime Minister Mohammed Shiaa al-Sudani confirmed on Monday that Iraq looks forward to more cooperation with the United Nations in the file of repatriating displaced people and confronting climate change.
This came during his meeting with the Special Representative of the United Nations Secretary-General for Iraq, Jeanine Plaschaert, according to a statement received by Shafaq News.
During the meeting, they reviewed the totality of joint cooperation and programs between Iraq and the international organization, and the progress of their implementation in various fields.
The Prime Minister assured the UN envoy that Iraq looks forward to more cooperation with the UN in many files, including the file of returning displaced persons, and cooperation in the field of confronting climate change.
Special – Mawazine News KDP MP Najwa Hamid confirmed the House’s move towards reconsidering the dollar exchange rate.
Hamid told Mawazine News that “there are discussions and dialogues between members of the House of Representatives, and the Finance Committee specifically to reconsider the dollar exchange rate, and we believe that an appropriate price will be maintained.”
“The rapid rise has led to a clear economic deterioration, due to the lack of study of the negatives and pros about it, so there is a real need to return the dollar exchange rate,” she added. Finished 29/n33
Twilight News / A government official confirmed on Monday that the exchange rates of the US dollar against the Iraqi dinar will fall with the decision of the Central Bank to increase the weekly share of banks and exchange and brokerage companies, pointing out that the decline will become clear to have an impact next week.
The official told Shafaq News that “the dollar exchange rate will decline in the coming days in local markets, and its impact will be at the beginning of next week,” noting that “exchange companies will apply for their share of the dollar on Monday by depositing cash in the trusts of each company and delivered to the Central Bank, provided that this share of the dollar is delivered during
The official, who preferred not to be named and positioned, added that “the bank’s decision came to reduce the gap between the price of the central bank, and the prices of the dollar in local markets or what is known as the black market,” expecting “the dollar to fall to its previous levels, which were about 147,000 dinars compared to 100 dollars.”
The Central Bank of Iraq decided on Sunday to increase the share of banks and exchange and financial brokerage companies of the dollar in order to reduce the dollar rate in local markets after it rose on Sunday to more than 150 thousand dinars against 100 dollars.
The bank suspended 14 banks from entering the auction after the US sanctions it put on these banks as a result of smuggling the currency.
It is noteworthy that the Central Bank sells the dollar in an auction it organizes daily to banks and brokerage companies in order to finance foreign trade and finance the internal market in dollars, but many economists and politicians pointed to the existence of corruption in the sales of the Central Bank by smuggling hard currency abroad without finding solutions to this over these years.
Twilight News / The Central Bank of Iraq’s sales of the US dollar rose to reach more than 140 million dollars at an auction on Monday, Reuters) with the participation of 36 banks.
A correspondent for Shafaq News Agency reported that the Central Bank sold today, during its auction for the sale and purchase of the US dollar, 140, 70,000 and 601, which the bank covered at a base exchange rate of 1460 dinars per dollar.
Our correspondent added that most of the sales went to enhance balances abroad in the form of remittances and credits, reaching $97,320,601, while the rest went in the form of cash sales amounting to $42,750.
Our correspondent pointed out that 20 banks have responded to requests to strengthen assets abroad, 16 banks to meet cash requests, in addition to 137 mediation companies.
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