Baghdad – Mawazine News Al-Rafidain Bank announced, on Thursday, that its branches will open their doors tomorrow to sell dollars to citizens. And the bank stated in a statement, which Mawazine News received a copy of, that it “announces the continuation of the process of selling dollar currency to citizens during holidays for travel purposes, not exceeding 10 thousand US dollars per customer at a price of 1455 dinars per dollar deposited in the Master Card issued by Al-Rafidain Bank and from Through the branches of Palestine Street on the side of Al-Rusafa and the Arab neighborhood in Al-Mansour next to Al-Karkh. He added, “The branches will open their doors on Friday 12/30/2022, Saturday 12/31/2023, and Sunday 1/1/2023.” Ended 29/h
Iraqi Finance Minister: $65 price of a barrel of oil in the general budget for next year
Dec 30, 2022 02:02 PM
Mubasher: Iraqi Finance Minister Taif Sami said on Friday that the price of a barrel of oil that has been placed so far in the general budget for next year amounted to 65 dollars, and may reach 70 dollars, noting the stabilization of the exchange rate of the dinar against the dollar at 1450.
Sami added – in special statements to the Iraqi News Agency (INA) – that the draft general budget law may include a study to impose some taxes on the oil derivatives sector if approved by the House of Representatives, which enhances revenues.
She pointed out that there is a common platform and system between the US Federal Bank and the Central Bank of Iraq that was supposed to work on since 2018, but it has been implemented for audit purposes now, so it caused the exchange rate to rise temporarily and will return to its normal stability, noting that there are other measures taken to address the rise in the exchange rate, including working on customs exemptions and
The Iraqi Minister of Finance explained that the general budget will focus mainly on the health sector, supporting hospitals, reducing the conduct of operations abroad, supporting fragile classes, social welfare, and people with disabilities, and raising the ceiling of loan capital for small projects in the Ministry of Labor.
She stressed that the ministry is still working on completing the General Budget Law of 2023, and there are meetings held with the Prime Minister to include the directives, and have not yet been sent to the Council of Ministers, noting that the budget will include the establishment of a development fund, the development of its allocations to the investment curriculum with a provision in the law on how to support it and prepare
Baghdad – Mawazine News The heads of the National Wisdom Movement, Mr. Ammar al-Hakim, and the Patriotic Union of Kurdistan, Pavel Talabani, stressed today, Friday, the importance of supporting the government and standing with it.
Al-Hakim said, in a statement received by Mawazine News, “We received the President of the Patriotic Union of Kurdistan, Pavel Talabani, and discussed the developments of the political scene in Iraq and the region and the relationship between Baghdad and the Kurdistan region, and we recalled the historical relationship that brought us together with the leaders of the Patriotic Union of Kurdistan and the tournaments that contributed to the struggle against dictatorship and confrontation Terrorism and building the Iraqi state after 2003.
He added: “We exchanged views on the Iraqi reality, and stressed the importance of supporting the government and standing with it so that it can bridge the relationship between the citizen and the political forces, and we stressed drawing the relationship between Baghdad and the Kurdistan region according to the principle of concession in the public interest and the principle of rights and duties, as well as the adoption of the constitution to solve outstanding problems.” .
The two parties stressed, “the importance of security coordination,” stressing that “terrorism represents a security threat that requires concerted efforts, exchange of information, and movement in the spirit of one team to monitor any movement of terrorists while maintaining pre-emptive operations and benefiting from the loss of terrorism to its social incubators.” Ended 29/M99
Minister of Finance Taif Sami elaborated on Friday, the priorities of the draft general budget law for the year 2023, and the exchange rate in it, announcing the settlement of the file of appointing lecturers and contract appointees in state institutions.
The General Budget
Sami said, in an interview with the Iraqi News Agency (INA), that “The ministerial program approved by the Cabinet includes the current expenditures of some ministries, investment projects that the Ministry of Planning worked on and included in the 2023 budget,” noting that “the Ministry of Finance received the ministerial program and its expenditures from Ministries included in the general budget.
Sami added, “The general budget will focus on the health sector, supporting hospitals, reducing surgeries abroad, supporting vulnerable classes, social care, and people with disabilities, and raising the loan capital ceiling for small projects in the Ministry of Labor.”
Sami affirmed that “Ministry of Finance is still working on completing the general budget law for the year 2023, as many meetings were held with the Prime Minister to include the directives in the budget, and they have not yet been sent to the Council of Ministers,” stressing that “the budget will include the establishment of a development fund, and we set its allocations for the investment platform with the inclusion of a paragraph in the law on how to support it and prepare its internal system and draft within a year.
Minister of Finance continued, “The price of a barrel of oil, which has been listed so far in the general budget, amounted to 65 dollars, and it may reach 70 dollars, and the total amount of the budget has not yet been set, while the exchange rate has been listed at 1450.”
She also stressed, “The draft general budget law may include a study to impose some taxes on the oil derivatives sector if approved by the parliament, which would enhance revenues.”
Lecturers file
Sami said, “The government pays great attention to the lecturers’ file and its working to solve their file,” noting that “all the lecturers who were included in the financial allocation decision by granting them 250,000 IQD are also included by the decision of appointing in state institutions, and they are considered contract appointees from the date of 2019, and their number is 289,000.”
Regarding the file of 2020 lecturers, Sami explained that “no fund allocations for the lecturers of the year 2020 within the Food Security Law, as the Minister of Education have to submit the cost of their salaries to the Council of Ministers, to include their costs within Resolution no. 315.”
Contract appointees
Sami indicated that “The file for the permanent appointment of contract employees and workers in state institutions will include everyone who worked two years as contract appointee, and the mechanism for appointing them will be from two directions: the first is the departments that will bear the costs in full, and the other by the allocations of some ministries through the principle of transfers, While the state bears the financial differences for the ministries that have large numbers of employees and few allocations that are not sufficient to cover those numbers.
The Exchange Rate
Sami noted that “The monetary policy of the state is the responsibility of the Central Bank of Iraq-CBI, but there is an act of solidarity, and an example of this is CBI directives to banks affiliated with the Ministry of Finance to sell the dollar at the official price for travel purposes,” indicating that “there is a committee formed on the file of the exchange rate hike, which will present some matters to the cabinet for voting.”
The minister also stressed that “the talk circulating about the intention of the American side to impose restrictions and penalties on the banking sector and others is untrue,” noting that “there is a platform and a joint system between the Federal Bank and the Central Bank that was supposed to be activated since 2018, but it was applied for audit purposes now, so it caused a temporary rise in the exchange rate and it will return to its normal stability again.
She indicated that “there are other measures taken to address the high exchange rate, including working on customs exemptions and providing facilities to merchants to prevent smuggling and extortion, and this will achieve positive purposes, including higher revenues,” noting that “the Ministry of Agriculture will approve the import license, and the mechanism for issuing it will be within one day”.
The White Paper
Sami added, “The ministerial program included a large number of The White Paper paragraphs, especially the automation of customs and taxes, the comprehensive banking system, the unified treasury, and other files.”
The Heist of the century
Sami pointed out that “there are two payments that have been recovered from the refunded amounts related to tax insurances, and there are other payments that will be recovered and handed over to the Integrity Commission in a special account in coordination with the investigation court.”
Baghdad – Mawazine News Finance Minister Tayf Sami revealed on Friday the fate of the draft general budget law of 2023, and while she determined her priorities and exchange rate, she announced the resolution of the file of installing lecturers and contracts in state institutions. Sami said that “the ministerial program approved by the Council of Ministers includes the current expenditures of some ministries, and other investment projects worked on by the Ministry of Planning and included in the budget of 2023, noting that “the Ministry of Finance received the ministerial curriculum and its expenditures from the ministries that were included in the general budget.” Sami added that “the general budget will focus mainly on the health sector, supporting hospitals, reducing operations abroad, supporting fragile classes, social welfare, and people with disabilities, and raising the ceiling of loan capital for small enterprises in the Ministry of Labor.” She explained that “the Ministry of Finance is still working on completing the General Budget Law of 2023, and there are meetings held with the Prime Minister to include directives, and they have not yet been sent to the Council of Ministers,” stressing that “the budget will include the establishment of a development fund, and we have set its allocations to the investment curriculum with a provision in the law on The Minister of Finance added that “the price of a barrel of oil that has been placed so far in the general budget amounted to 65 dollars, and may reach $70, and has not yet been set the total amount of the budget, while the exchange rate has been fixed at 1450.” She stressed that “the draft general budget law may include a study to impose some taxes on the oil derivatives sector if approved by the House of Representatives, which enhances revenues.” Sami said that “the file of lecturers has taken a large place with the government, which is working to end it,” noting that “all lecturers who included in the decision to allocate financially grant them 250,000, are covered by the confirmation decision, and they are considered contracts from the date of 2019, which number 289,000.” On the file of lecturers 2020, Sami explained that “the lecturers for 2020 have not allocated funds within the Food Security Law, and they need to raise their cost by the Minister of Education and present it to the Council of Ministers, and calculate their cost within Resolution 315.” Sami pointed out that “the file of installing contractors and employees in state institutions will include everyone who has two actual contract years, and the mechanism for installing them will be from two directions: the first is the departments that will bear the costs in full, and the other there are allocations for high ministries through transfers, while the state bears the financial differences of ministries that have large numbers and allocations Sami noted that “monetary policy is the responsibility of the Central Bank of Iraq, but there is solidarity work, for example of the directives of the Central Bank to banks affiliated with the Ministry of Finance to sell dollars at the official price for travel purposes,” noting that “there is a committee formed on the file of high exchange rate to be presented to the Council of Ministers to vote on new She explained that “talk about the intention of imposing restrictions and sanctions on the banking sector and others is a disgrace,” noting that “there is a platform and a common system between the Federal Bank and the Central Bank that was supposed to work on since 2018, but it has been implemented for audit purposes now, so it caused a temporary appreciation of the exchange rate and will return to its natural stability She pointed out that “there are other measures taken to address the rise in the exchange rate, including working on customs exemptions and providing facilities for traders to prevent smuggling and extortion, and this will achieve positive purposes, including the increase in revenues,” pointing out that “the Ministry of Agriculture will adopt import clearance, and the mechanism of issuing it will be within one day.” Sami added that “the ministerial platform included a large number of paragraphs of the white paper, especially the automation of customs, taxes, the comprehensive banking system, the unified treasury and other files.” She pointed out that “there are two payments returned from the refunds related to tax insurance, and there are other payments that will be returned and delivered to the Integrity Commission with a special account in coordination with the Court of Investigation.” Finished29/h
Advisor to the Prime Minister, Mazhar Mohammed Saleh, explained on Thursday, about the fluctuations of the dollar exchange rate in the Iraqi market, while stressing that the external transfer platform meets 90% of the market demand for foreign currency.
Saleh told the Iraqi News Agency (WA), “Iraq is one of the largest countries in the region in its current reserve financial capabilities,” explaining that “rumors and gosip are taking effect among the people due to fluctuations in the exchange market following the adoption of international controls that surrounded the work of the external transfer platform, which meets 90 percent of market demand for foreign currency.”
He added: “We would like to reassure everyone that with the increasing transparency of the information provided by the student trade community to finance its import in foreign currency through an effective mediation of the Central Bank and the passage of the international audit platform, the collection of foreign currency is increasing to meet the requirements of foreign trade and is achieved immediately and at the official exchange rate of 1460 dinars to the
He pointed out that “the financial market is in an adjustment phase to rearrange its situation in the right and regular direction, and there are no fears,” noting that “the government economy is the center of gravity in regulating economic life and has sufficient basic elements in supporting and stabilizing the market economy.”
The prime minister’s adviser called for “repeakable rumors from speculators and enemies of stability.”
{Local: Al-Furat News} The Ministry of Finance announced the resent of the staff of the budgets and accounting departments during public holidays.
A statement from the ministry said: “The cadres of the budget and accounting departments in the Ministry of Finance will continue to work officially on Friday, Saturday and Sunday, in order to complete the audit procedures related to fixing the segment of contracts in the state departments and political dismissals and completing compensation for victims of terrorism and war operations, as well as the continuation of the accounting department of the financing procedures
He added that “and with exceptional efforts, these measures come in implementation of the ministerial program, in light of upgrading the mechanisms of managing public money and ensuring the rights of all segments and community groups in accordance with the stipulated instructions, in addition to improving the level of services provided, and the optimal application of the government program in the field of financial management and controlling public expenditures.”
Twilight News / The head of the Fatah alliance, Hadi al-Ameri, described, on Friday, the appreciation of the dollar exchange rate against the dinar as a plan to control the economy in Iraq
This came during a speech by Al-Ameri during the “Wast Fragrance” festival, which coincides with the third anniversary of the assassination of the Deputy Chairman of the Popular Mobilization Authority “Abu Mahdi Al-Muhandis” and prominent Iranian General Qassem Soleimani in a US airstrike in early 2020.
“The fatwa of jihad was able to unite all energies to fight ISIS,” Amiri said during the speech.
The head of the Fatah Alliance pointed out that “we have another battle that is no less important than the previous stage, which is the soft war and we must contribute to this battle,” pointing out that “fighting the scourge of drugs is no less important than fighting ISIS if not with its seriousness.”
“The battle today must be the battle for economic independence and the rise of the dollar as part of a plan to control the economy,” Amiri warned.
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