Head of the State of Law coalition in Iraq, Nuri al-Maliki
The head of the State of Law coalition in Iraq, Nuri al-Maliki, confirmed, during his meeting with the Russian ambassador, Elbrus Kotrashev, that Iraq is on the verge of a construction and reconstruction campaign.
A statement by the head of the coalition, published by the Iraqi News Agency, stated that “the head of the State of Law Coalition, Nuri al-Maliki, received in his office today the Ambassador of the Russian Federation, Elbrus Kotrashev. Use the language of dialogue to end the war .
The head of the State of Law Coalition showed his support for the stability of the situation in Russia and the extension of security in it, stressing the importance of continuing work and cooperation between the two friendly countries in various fields .
He pointed out that “Iraq is living in a state of political and security stability and is on the verge of a campaign of construction, reconstruction and rehabilitation of all service facilities .”
In turn, the Russian ambassador renewed his country’s desire to strengthen bilateral relations and develop cooperation between the two countries, calling for finding mechanisms for cooperation in resolving the Russian debts owed by Iraq .
A member of the parliamentary finance committee, MP Moeen Al-Kazimi, confirmed today, Sunday, that the US Federal Bank is blocking the stability of the dollar exchange rate against the dinar by delaying sending remittances to traders, obstructing the central bank’s procedures and restricting its movement.
Al-Kazimi said in an interview with the twenty program broadcast by the Alsumeriya Space, that “the budget determined the price of a barrel of oil and a large amount for the budget and the government began to address the issue of the dollar exchange rate difference between the official price and the parallel market price. What hindered the stability of the dollar exchange rate is the US Federal Bank, which prevented the access of remittances that the Central Bank was sending to traders,” and explained that the US Federal Reserve issued new instructions to prevent the smuggling of the dollar, which led to traders going to the parallel market and the rise in the exchange rate and the Central Bank is working on measures to reduce the difference between the two prices.”
“We may need a period of three months or a little more to stabilize the dollar exchange rate and reduce the difference between the official rate and the parallel market rate,” he added.
Al-Kazemi pointed out that “the obstruction in sending remittances to traders occurs by the US Federal Bank on the pretext of preventing the smuggling of dollars out of Iraq, but this measure prompted traders to go to the parallel market in order to pay their trade obligations.”
Al-Kazimi pointed out that “the central bank authorizes private banks to deal with traders and does not deal directly with them, and the Federal Bank hinders sending remittances to traders, and this is what created the gap between the dollar exchange rate.”
He pointed out that “the issue of the rise in the dollar exchange rate because there are no benefiting from the difference between the official and parallel price, and this has misled the market,” noting that “the government must intervene to solve this crisis.”
Al-Kazimi explained that “the Finance Committee was preoccupied with the budget during the previous period, and if the difference continues to widen, the reasons must be identified and the Governor of the Central Bank should be hosted and who is responsible for the exchange rate from the executive authorities to solve the crisis, indicate who is behind it, hold them accountable, follow up on private banks and the question of remittances to traders and monitor them.”
He pointed out that “if the dollar continues to be smuggled, the exchange rate will continue to rise as the government’s role in monitoring smuggling operations is weak, and the Central Bank should exercise its role in monitoring the procedures that accompany remittances and knowing the reasons that drive traders to take out these large quantities of dollars abroad.”
{Policy: Euphrates News} The coordination framework held, today, Sunday, in the office of the President of the Fatah Alliance, Hadi Al-Amiri, his periodic meeting to discuss the latest political, economic and security developments in the country.
A statement of the framework, {Euphrates News} received a copy of it, said: “At the beginning of the meeting, Prime Minister Mohamed Shia Al-Sudani presented the government’s preparations to implement the budget and the reality of electricity, and evaluate its performance for the past period.”
The meeting announced “their support for the decisions and actions taken by the government in serving the citizen, continuing to implement vital and important projects, and completing all the plans included in the government curriculum to develop various sectors and achieve sustainable development.”
{Economic: Al Furat News} The main stock exchange in the capital, Baghdad, closed today, Sunday, on the rise in the dollar prices against the Iraqi dinar.
The price of the dollar, with the closure of the Al-Kifah and Al-Harithiya stock exchanges, reached 147,550 dollars against 100 dollars, while the dollar prices this morning were 147,100 dinars against 100 dollars. That the buying and selling prices in exchange shops in the local markets in Baghdad rose, as the selling price reached 148,500 Iraqi dinars, while the purchase price reached 146,500 dinars for every 100 dollars. The pace of demand for clothes and foodstuffs, including meat, is increasing in Iraq, especially in the capital, Baghdad, significantly, with the approach of Eid Al-Adha. And the Prime Minister, Muhammad Shia’a Al-Sudani, directed that the blessed Eid Al-Adha holiday be from Tuesday, corresponding to June 27, 2023, until Sunday, corresponding to July 2, 2023. Official working hours in all government institutions will resume on Monday, corresponding to 7/3/2023. The markets are not as usual every year, despite the crowd of pedestrians in their streets, but in Iraq they are witnessing a remarkable state of stagnation and lack of shopping with the advent of Eid Al-Fitr. The reasons for this are multiple, including the high prices of materials and commodities, and the significant decline in the purchasing power of employees and those with daily wages and limited incomes. This holiday also represents a new challenge for the poor and low-income class, in addition to the instability of prices and the stability of the price of the dollar in the parallel market.
Baghdad – Mawazine News, the Iranian Deputy Oil Minister for Gas Affairs, Majid Chengi, announced today, Sunday, that the Iraqi Ministry of Electricity has paid Iran all debts related to Iranian gas.
And the international news agency “Tasnim” reported, on Sunday evening, that the Iranian official’s statements came on the sidelines of the first conference to strengthen facilities and equipment for the production, transportation and distribution of natural gas in the country.
“The Iraqi Ministry of Electricity has paid all our dues for gas, and the debt is now zero, but sometimes problems occur in transferring money from the Iraqi TBI Bank to Iran,” Majid Chengi confirmed.
In a related context, the Iranian Deputy Oil Minister for Gas Affairs, Majid Chengi, said that Turkey had requested an extension of the contract for importing gas from his country, pointing to the continuation of negotiations to extend this contract.
It is reported that Baghdad’s debts amounted to more than $1.6 billion for Iranian gas and energy purchases alone, between 2019 and 2021.
In February 2019, the Central Bank of Iraq concluded an agreement with the Central Bank of Iran, allowing customers of both banks to open accounts in the two countries, and conduct their banking transactions in Iraqi dinars and euros.
And in December 2022, the Iranian Oil Minister, Javad Oji, said: “Fortunately, last year and this year, we were able to obtain all the arrears related to gas exports to Iraq.” Ended 29 / M99
After seizing his money.. Will Al-Kazemi be tried in Iraq for money inflation?
reports | 05:00 – 06/25/2023
Baghdad – Mawazine News After the Iraqi judiciary issued an order to seize the funds – movable and immovable – of former Iraqi Prime Minister Mustafa Al-Kazemi, as part of an investigation he is conducting about his inflated wealth, experts and observers expected that arrest warrants would be issued against him or he would be tried in absentia before his money was confiscated.
The Integrity Commission, which is charged with investigating major corruption files, has previously arrested a number of former officials, including an advisor in Al-Kazemi’s office, and other officials close to him.
The judiciary did not issue a decision to arrest Al-Kazemi and prevent him from traveling, but previous arrests of a number of officials in his government gave the impression that the noose on Al-Kazemi’s inner circle began to approach him personally.
And last Friday, the Prime Minister, Muhammad Shia’ al-Sudani, confirmed that fighting corruption and combating its causes came at the top of the government’s priorities, and “there is no red line in this file, which caused the waste of wealth and the delay in projects.”
Al-Kazemi’s mistakes Regarding legal procedures and binding judicial decisions against Al-Kazemi, Fadel Al-Badrani, a researcher in political affairs and professor of media at the Iraqi University, says that they may fall within the framework of accountability for the mistakes Al-Kazemi committed during his tenure as prime minister (2020-2022).
Al-Badrani believes, in an interview with Al-Jazeera Net, that the matter is likely to have more than one opinion:
the first is that the Al-Kazemi government has had serious lawlessness, and a lot of money has been squandered for the state and with his knowledge. The second is political, which is that political forces fear that Al-Kazemi will return to the forefront through the provincial elections, as he is supported by America and the West, which prompted those forces to pressure towards searching for and revealing the mistakes that accompanied his rule. It was previously reported that the former prime minister had left Iraq, but he denied the news. While investigations continue in the “theft of the century” case related to the embezzlement of $2.5 billion from tax secretariats in the government-run Rafidain Bank.
In late February, the Integrity Commission opened an investigation into the financial disclosure of Al-Kazemi, amid accusations of illicit gain, confirming the request that he provide the commission with details about a property in the “Karada Maryam” area in central Baghdad and problems about a bank account belonging to him.
Steps following the reservation of funds In his explanation of the reasons for seizing Al-Kadhimi’s money, legal expert Ali Al-Tamimi confirms that the Iraqi Penal Code No. 23 of 1971 stipulates in Article 183 and thereafter the “seizure of any fugitive suspect’s money, movable and immovable,” while Article 184 obligated the investigating judge or court. This reservation is based on the request of the Public Prosecution or the administrative authority.
Al-Tamimi told Al-Jazeera Net that this detention remains until the results of the case appear and another decision is issued, which is a precautionary detention and then the trial, which is either in presence in the event of the arrest of the accused or in absentia if the accused is a fugitive according to Article 143. The legal expert indicates that the detention does
not It includes not only the person concerned, but also his ancestors, relatives, and descendants if it is proven that they have a relationship with the subject, according to official letters sent by the court to the real estate registration departments, the traffic department, and banks to seize the funds.
And last May, Major General Diaa al-Musawi, who is close to Al-Kazemi, turned himself in to the Supreme Committee for Combating Corruption, and provided information about personalities in Al-Kazemi’s office who were involved in what is known as the “theft of the century,” after he returned to Iraq. He left for a while and then decided to turn himself in to the relevant authorities.
And while Haitham Al-Jubouri, the financial advisor to Al-Kazemi, was arrested due to his money inflating in unknown ways, in November of last year, an arrest and search warrant was issued by the Integrity Commission against Mashreq Abbas, the political advisor to Al-Kazemi, due to his failure to disclose the financial disclosure.
The arrest warrant for Al-Jubouri, who was later released on bail, came on the background of confessions to the judicial authorities made by Nour Zuhair, the owner of Al-Ahdab Company and the main suspect in the “theft of the century” case. Investigations are still underway to uncover other people involved in the theft.
Political projection Contrary to what some experts and observers believe that Al-Kazemi committed many violations and mistakes and was involved in corruption cases, the director of the Iraqi Center for Strategic Studies, Ghazi Faisal, believes that attempts to punish Al-Kazemi fall within the framework of “political misconduct” by referring him to the judiciary under various charges, including financial corruption. Especially since some political forces had previously launched a campaign of threats against him, describing him as a “traitor” and attacking his residence with a drone in the Green Zone, noting that this targets Al-Kazemi’s personality, presence, and constitutional powers.
Faisal tells Al-Jazeera Net that Al-Kazemi was also subjected during his tenure to a harsh campaign when he initiated a ministerial change in his government, and charges were leveled against him that were not based on facts, and this reflected the depth of the political and ideological dispute between those organizations that brought Al-Kazemi and supported his candidacy to head the government, and it quickly overturned. Because he refused to submit to its power and influence.
Therefore, Faisal says that the process of seizing his money is the beginning of his arrest and trial on various charges.
It is noteworthy that the Integrity Commission had also previously issued arrest warrants against Ali Allawi, the Minister of Finance in the Al-Kazemi government, as well as Raed Jouhi, director of Al-Kazemi’s office, and the private secretary, Ahmed Najati, based on the provisions of Article 316 of the Penal Code, and seizing their movable and immovable funds. Ended 29 / M99
Shafaq News/ The President of Kurdistan Region, Nechirvan Barzani, arrived in the German capital, Berlin, on an official visit, and will meet tomorrow, Monday, with German Chancellor Olaf Schultz, and a number of senior German officials.
A statement by the region’s presidency stated that Barzani, during his meetings and meetings that will be witnessed during the visit, will discuss with German leaders and officials ways to strengthen Iraq and the Kurdistan Region’s relations with Germany, expand areas of joint cooperation, and the situation in Iraq, the Kurdistan Region and the region in general.
The Ministry of Justice confirmed that the federal budget law will be published tomorrow, Monday, in the Iraqi facts sheet.Ministry spokesman Kamel Amin said in a statement to the official agency that “the budget of 2023 until 2025 will be published tomorrow in the Iraqi facts newspaper, adding that “the budget will enter into force as of January 1, 2023.”
Shafaq News / Iraq reduced its possession of US bonds to more than $6 billion during the first four months of 2023, the U.S. Treasury Department announced on Sunday.
“Iraq reduced its holdings of bonds during those months and from January to April by $6.4 billion to reach 36th among the 38 U.S. Treasury in possessions of the 38 U.S. Treasurys listed countries,” Treasury said in its latest table by Shafaq News.
She added that “Iraq’s acquisition of US bonds in January amounted to 41.2 billion dollars, to decrease to 40.7 billion dollars in February, to decrease to 39.3 billion dollars in March, and to decline again in April to 34.8 billion dollars,” noting that “Iraq’s acquisition of US bonds in January 2022 amounted to 40.8 billion dollars.”
She pointed out that “Iraq came the fourth largest Arab country in the largest possession of US bonds after Saudi Arabia, the UAE and Kuwait.”
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