Advisor to the Prime Minister: The dollar exchange rate will be reduced according to the proposal of the Central Bank

political| 03:28 – 06/02/2023

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Baghdad – Mawazine News
Advisor to Prime Minister Diaa Al-Nasiri confirmed on Monday that the dollar exchange rate will be reduced according to the proposal of the Central Bank.
Nasseri said in a tweet followed by Mawazine News that “the dollar exchange rate will be reduced according to a proposal submitted by the Central Bank of Iraq to Prime Minister Mohammed Shiaa Al-Sudani.” Finished29/h

https://mawazin.net/Details.aspx?jimare=218572

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Halabousi and Sudanese stress the importance of cooperation between the executive and legislative branches

political| 03:03 – 06/02/2023

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Baghdad – Mawazine News
Speaker of Parliament Mohammed Halbousi and Prime Minister Mohammed Shiaa Al-Sudani stressed on Monday the importance of cooperation between the executive and legislative branches.

“President of the House of Representatives Mohammed Halabousi received, on Monday, Prime Minister Mohammed Shiaa Al-Sudani,” said in a statement received by Al-Halbousi’s office in a statement received by Mawazine News.

During the meeting, according to the statement, “the general situation in the country was discussed, and the importance of cooperation between the executive and legislative authorities was stressed, as they discussed a number of political, economic, service and legislative files that are in contact with the lives of citizens and meet their needs.” Finished 29/n33

https://mawazin.net/Details.aspx?jimare=218568

The Central Bank completes its study on reducing the dollar exchange rate and submits it to the Sudanese

economy| 02:53 – 06/02/2023

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Baghdad – Mawazine News
An official source revealed on Monday that the central bank completed its study on devaluing the dollar exchange rate and submitted it to the prime minister.

The official news agency quoted the source as saying that “the Central Bank completed its study on devaluation of the dollar exchange rate and submitted it to Prime Minister Mohammed Shiaa Al-Sudani.”

The governor of the Central Bank Ali Al-Alaq announced on Sunday that a second package will be issued in the middle of this month to control the exchange rate, while stressing that there are no internal or external restrictions on external transfer or cash sale of the dollar. Finished 29/n33

https://mawazin.net/Details.aspx?jimare=218567

Ongoing delegations to defuse the crisis between Baghdad and Erbil

especially Sumerian

2023-02-06 | 00:00

Source:

Sumerian

The dispute between Baghdad and Erbil portends a crisis that may have a great impact on the course of political work if the parties do not rush to remove the fuse and abide by the pledges and agreements concluded to avoid entering into the arena of differences.

BaghdadandErbil.. A crisis followed by a crisis. The latest of which happened after the decision of the Federal Supreme Court on sending money to its counterpart in the region, a frequent scene that is not saved unless the regional government abides by its commitments, and moves awayBaghdadAbout the policy of courtesy with the Kurds.

Members of parliament believe that the continued visits of delegations betweenBaghdadandErbilIt must result in solutions to the crisis between political parties.

So again the dispute betweenBaghdadandErbilReturns to the front from the window of the Federal Court, after its last binding decision and the batt began shoutsErbilTsound, and Barti’s statements that attacked the Federal Court portend a new political conflict that could hinder the passage of the budget law unless the crisis is quickly and urgently defused.

https://www.alsumaria.tv/news/خاص-السومرية/446726/وفود-مستمرة-لنزع-فتيل-الازمة-بين-بغداد-واربيل

Minister of Transport directs to deal in dinars instead of dollars in the work of airlines

Localities – 06-02-2023 02:42 PM – Number of readings: 1753

Transport Minister Razak Muhaips Al-Saadawi on Monday directed that tickets for passengers be cut in dinars instead of dollars.A statement by the ministry and a copy of it said that “in accordance with the directives of Prime Minister Mohammed Shiaa Al-Sudani, His Excellency the Minister of Transport, Mr. Razzaq Muhaips Al-Saadawi, directed all formations of the ministry, especially the General Company of Iraqi Airways, to deal with cutting tickets for passengers in Iraqi dinars instead of the dollar.

The minister stressed, according to the statement, “obliging all formations of the ministry, especially the General Company of Iraqi Airways, to deal in dinars and at the price of the Central Bank of Iraq,” warning that “violators of directives and special reform measuresBy addressing the dollar crisis, they will expose themselves to legal accountability.”The statement called on “citizens to report any violation in this regard.”

https://www.dijlah.tv/index.php?page=article&id=323946

The Office of Financial Supervision announces a package of measures towards the Kurdistan Region

Economy Of The Kurdistan Region Breaking Office Of Financial Supervision

2023-02-06 04:35Font

Twilight News / The Federal Audit Bureau announced on Monday the adoption of a new package of measures to implement the paragraphs of the ruling of the Federal Supreme Court related to the unconstitutionality of the oil and gas law in the Kurdistan Region.

The SAI said in a statement received by Shafaq News Agency, that “the Industrial Activity Audit Department has taken a series of measures, in order to implement the ruling of the Federal Supreme Court in the number (59 / Federal / 2012 and its units 110 / Federal / 2019) on 15/2/2022).

According to the statement, the department decided: “The unconstitutionality of the Oil and Gas Law in the Kurdistan Region No. (22) of 2007 and the abolition of the provisions of Articles (110, 11, 112, 115, 121 and 130) of the Constitution of the Republic of Iraq of 2005.”

The Bureau committed the Kurdistan Regional Government to “deliver all oil production from oil fields in the region,” in addition to “following up the invalidity of the oil contracts it concluded with foreign companies,” in addition to obliging the KRG to “enable the Iraqi Ministry of Oil and the Federal Financial Supervision Bureau to review all oil contracts concluded regarding the export and

The Federal Audit Bureau pointed out, in the statement, to “determining the share of the Kurdistan Region in the general budget in a way that ensures the delivery of the rights of citizens of the provinces of the region and not delay them.”

He explained that “these procedures were briefly referred to in the letter of the Office of Financial Supervision, the Industrial Activity Audit Department No. (11/28/2600) on 30/1/2023 addressed to the Federal Supreme Court – Office of the President of the Court.”

The Bureau confirmed that it will continue to follow up on what was stated in the executive axis of the ministerial curriculum / October 2022, as far as coordination is concerned between the federal government and the Kurdistan Regional Government, on the files and decisions related to the region according to the detail referred to in the book, which lies as follows:

1- Diwani Order No. (7017) on 30/3/2022, according to which a committee was formed to audit oil contracts concluded from the Kurdistan Region.

2- The letter of the Bureau No. (1/2/13100) on 14/6/2022) addressed to the General Secretariat of the Council of Ministers – Kurdistan Regional Representation, for the purposes of enabling the Bureau to review oil contracts concluded with the Kurdistan Regional Government.

3- The letter of the Bureau No. (1/1/15/15826) on 26/7/2022 addressed to the Ministry of Oil for the purpose of providing the Bureau with a statement containing the oil contracts concluded by the Kurdistan Region, so that a work plan and an audit program can be prepared in coordination with the said ministry.

4- The letter of the Diwan No. (11/28/16935) on 11/8/2022 addressed to the Office of the Prime Minister, explaining the approach of the Ministry of Oil on the formation of a specialized committee in the Bureau to audit oil contracts concluded from the region.

5- The response of the Ministry of Oil / the Legal Department with its books Nos. (29767) and (22803) on 13/10/ and 11/8/2022, to the books of the Court No. (19903) and (15826) on 13/9/2022 and 26/7/2021, respectively, indicating that the region refused to hand over any oil contracts or any data related to

6- The letter of the Diwan No. (21513) on 4/10/2020 addressed to (the General Secretariat of the Council of Ministers / the Representation of the Kurdistan Region, the Federal Supreme Court, the Ministry of Finance, the Ministry of Oil, and the Office of Financial Supervision in the Kurdistan Region), including that this Bureau is waiting for the preparation of priorities and audit requirements to start

https://shafaq.com/ar/اقتصـاد/ديوان-الرقابة-المالية-يعلن-حزمة-من-ال-جرا-ات-تجاه-اقليم-كوردستان

Fouad Hussein to his Russian counterpart: We will discuss in Washington a mechanism to pay the dues of your companies

Politics – 06-02-2023 01:35 PM – Read Count: 1294

Foreign Minister Fuad Hussein told his Russian counterpart Sergei Lavrov on Monday that the Baghdad delegation to Washington would discuss a mechanism to pay the dues of Russian companies operating in Iraq.”We welcome the visit of the Russian delegation to Baghdad, which is an important opportunity to learn about the point of view of the Russian side on various issues,” Hussein said at a joint press conference with Lavrov.https://googleads.g.doubleclick.net/pagead/ads?client=ca-pub-9231788046776019&output=html&h=312&adk=226916359&adf=530540280&pi=t.aa~a.768398705~i.7~rp.1&w=375&lmt=1675681278&num_ads=1&rafmt=1&armr=3&sem=mc&pwprc=9196680731&ad_type=text_image&format=375×312&url=https%3A%2F%2Fwww.dijlah.tv%2Findex.php%3Fpage%3Darticle%26id%3D323942&fwr=1&pra=3&rh=295&rw=353&rpe=1&resp_fmts=3&sfro=1&wgl=1&fa=27&dt=1675681278888&bpp=2&bdt=3112&idt=2&shv=r20230201&mjsv=m202301240101&ptt=9&saldr=aa&abxe=1&cookie=ID%3Db4d5186d501a857a-22842f0cc7da00e6%3AT%3D1675681277%3ART%3D1675681277%3AS%3DALNI_MZd2ykIHA1uxt_oNlrc7coOoI5W_Q&gpic=UID%3D0000093cc53fccc6%3AT%3D1675681277%3ART%3D1675681277%3AS%3DALNI_MbncjhjsQZ3MXXIDgfoEoVj9yzIcw&prev_fmts=728×90%2C300x300%2C0x0&nras=2&correlator=7537684273079&frm=20&pv=1&ga_vid=2024538269.1675681277&ga_sid=1675681278&ga_hid=675222846&ga_fc=1&u_tz=-360&u_his=2&u_h=812&u_w=375&u_ah=812&u_aw=375&u_cd=32&u_sd=3&adx=0&ady=1125&biw=375&bih=636&scr_x=0&scr_y=0&eid=44759876%2C44759927%2C44759842%2C31071855%2C44779794&oid=2&psts=AD37Y7vHZ20x0pTRZFlF6v6Dku5fv5Q6G27xE8at9GU1InqGqFYEoMA_KDppkeZLZvfLaVaqmMpYR_QtaGrgTOtfGoNrl49-GFOJu0vZKde8DQ%2CAD37Y7usX_-Cc-p50KN1koHBMGvWtiaZCqhuIaYck5-dEo1YIaMc69-5DBanOZUTMx_2C3a7oDOofCpxbqV9Uf4Mf7dP082WJinXOz_MQkb5Hg&pvsid=2577291827870766&tmod=1985717690&nvt=1&eae=0&fc=384&brdim=0%2C0%2C0%2C0%2C375%2C0%2C375%2C812%2C375%2C636&vis=1&rsz=%7C%7Cs%7C&abl=NS&fu=128&bc=31&ifi=4&uci=a!4&btvi=1&fsb=1&xpc=tphzIMfzUC&p=https%3A//www.dijlah.tv&dtd=5He added, “Iraq’s position is clear on the wars, so we call for a ceasefire of the Russian-Ukrainian war, and we also call for ending the crisis through dialogue.”He pointed out that “we discussed in our discussions the issues of the region and bilateral relations, and also studied how to deal with the financial dues of Russian companies in Iraq,” stressing “the importance of the meeting of the joint committee between Iraq and Russia.”He explained that “Iraq has historical relations with Russia, and we have cooperation with it in security and economic aspects.””We will have a visit to Washington next Wednesday and we will discuss cooperation with Russian companies,” he said, pointing out that “we will discuss in Washington a mechanism to pay the dues of these companies.”

https://www.dijlah.tv/index.php?page=article&id=323942

The dollar rises against the Iraqi dinar in the Al-Kifah and Harithiya stock exchanges

  • Time : 2023/02/06 11:03:55
  • Read: 585 times
The dollar rises against the Iraqi dinar in the Al-Kifah and Harithiya stock exchanges

  

{Economic: Al-Furat News} The exchange rates of the US dollar against the Iraqi dinar rose on Monday, on the main stock exchange in the capital Baghdad

Al-Kifah and Al-Harathiya Central Exchange in Baghdad recorded 163,500 Iraqi dinars for 100 US dollars this morning.

Buy and sell prices increased in banking stores in local markets in Baghdad, where the selling price reached 165,000 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 162,000 Iraqi dinars per 100 US dollars.

https://alforatnews.iq/news/الدولار-يرتفع-امام-الدينار-العراقي-في-بورصتي-الكفاح-والحارثية

The Central Bank forms a joint operations room with banks to control the exchange of the dollar

economy

2023-02-05 | 12:50

The Central Bank forms a joint operations room with banks to control the exchange of the dollar

5,814 Views

Central Bank Governor Ali Al-Alaq held a meeting on Sunday with the heads of councils, general managers and commissioners of government and private banks to make the necessary arrangements for the first package of exchange rate control measures.

The bank said in a statement received byAlsumaria News“Alaq met with the heads of councils, general managers and commissioners of government and private banks to make the necessary arrangements for the first package of exchange rate control procedures into practice, and clarify and simplify the procedures to achieve smoothness and speed in the implementation of dollar purchase orders.

The governor stressed “the ability of the Central Bank to meet all legitimate requests,” noting that “an important second package will be issued in the middle of this month.”

He pointed out: “There are no restrictions, internal or external, on the external transfer or sale of cash of the dollar in compliance with the agreementthe International Monetary Fundwhich was ratified by the House of Representatives in 2008, and that the new system does not aim to restrict the response to legitimate requests, as much as it aims to provide protection to the banking and financial system from illegal or suspicious operations, supports the application of the Anti-Money Laundering and Terrorist Financing Law and related instructions, and also enhances the openness of the banking sector abroad, which has been deprived of

The governor pointed out that “the exchange rate is related to the lives of citizens and their purchasing capabilities, which should be stable at the target levels a high priority, and the efforts of the relevant concerned parties should be combined, to prevent harm to citizens.”

Keywords directed “not to limit requests to external transfer and cash in Baghdad, and to take immediate measures to receive branches of banks in the provinces those requests, and pointed out directly tothe Central Bank of IraqBy opening new external channels and outlets to facilitate external transfers and avoid the role of intermediaries who are not qualified to do so.”

He warned against “exploiting the current circumstance to carry out unauthorized acts or activities that make the situation more difficult,” noting that “the Central Bank will take strict punitive measures against violators sanctioned by him, and also praised the role of some banks in adhering to everything that achieves the desired goals.”

The governor listened to “the observations and proposals of the meeting, and directed the departments of the Central Bank to take the necessary measures on them, and a joint operations room was formed between the Central Bank and banks, to follow up the implementation of the first package of measures, monitor phenomena, results and obstacles and make appropriate recommendations thereon.”

https://www.alsumaria.tv/news/اقتصاد/446657/محافظ-البنك-المركزي-سنتخذ-إجراءات-عقابية-صارمة-بحق

Coordination Framework: The Council Of Ministers Intends To Submit The 2023 Budget To Parliament For Approval

05/02/2023

1833

Earth News / The coordination framework confirmed on Sunday that the Council of Ministers intends to submit the 2023 budget to parliament for approval.

A statement of the coordination framework received by Earth News said that “the coordination framework held a meeting this evening, in the office of Haider al-Abadi in the presence of the Prime Minister and discussed developments in the political and the wish scene, in addition to discussing the file of the federal budget, which the ministers’ councils intend to submit to the House of Representatives for approval.”

During the meeting, the Prime Minister provided “a detailed explanation of the mechanisms on the basis of which the federal budget was drawn up and its compatibility with the government program, in addition to the dialogues held by the Central Bank of Iraq with the US Federal Bank in Istanbul two days ago and the reform packages issued by the Central Bank of Iraq.”

He pointed out that “the treatments provided by the Central Bank come within the process of financial and banking reform.”

According to the statement, “the meeting discussed government measures to reduce the effects of exchange rate fluctuations on poor and marginalized segments.”

He explained, “The meeting discussed the upcoming visit of the Iraqi delegation to Washington headed by the Foreign Minister to complete the Istanbul meetings.”