Iraqi News : Early Friday AM 3-18-22

Iraqi News : Early Friday AM 3-18-22

The Rule Of Law: The Caretaker Government Is Unable To Approve The Financial Budget

POLITICIAN  LAST UPDATE 03/18/2022 | Information/Baghdad.  The State of Law coalition confirmed, on Friday, the inability of the current government to approve the budget as it is a caretaker, indicating that the political agreement will end the economic and political crises in the country.

Member of State of Law Sabah Al-Bazzo said in a televised interview that "the political scene is ambiguous and the challenges are many, and that the political agreement will help Iraq get out of crises."

He added, "The caretaker government is unable to approve the financial budget, and submitting any law to the budget is a clear and explicit violation that cannot be tolerated."

He pointed out that "the tripartite alliance is unable to achieve a quorum to vote on the president of the republic, and that going to the session to choose the president of the republic without political consensus will lead to a big problem." Ended 25 D    https://almaalomah.me/2022/03/18/587894/

The Central Bank Determines The Rank Of Iraq Globally With Gold Reserves

Calendar  03/17/2022   Baghdad / Al-Mawrid News    Today, Thursday, the Central Bank of Iraq announced the size of gold reserves in Iraq, while determining the country's ranking globally .

Deputy Governor of the Central Bank, Ihsan Shamran, said that "the gold reserves in Iraq are 96.4 tons ."

Shamran added, "Iraq is ranked 37th in the international gold reserves ."

The World Gold Council, last January, published its report on the reserves of the central banks in the world of gold, and the data showed that the reserves amounted to 35571.3 tons of the metal .

According to the data, the total reserves increased by about 11 tons in the January 2022 report compared to December 2021 .

The United States leads the world in reserves of the precious metal, followed by Germany, then Italy, then France, and then Russia .

As for the Arab world, Saudi Arabia leads the Arab countries in gold reserves, as the Kingdom owns 323.1 tons of the precious metal, according to the first report of the World Gold Council this year .

Gold is a safe haven, especially in times of crisis, as many people tend to buy it to hedge against inflation risks, and in the past years, the prices of the precious metal have risen in light of the Corona virus crisis and its consequences https://almawrid.news/contents/view/details?id=47064

Zaha Hadid's Office Visits The New Building Project Of The Central Bank Of Iraq

https://cbi.iq/static/uploads/news-164734972919903.jpg

 The office of the late architect, Zaha Hadid, conducted an inspection visit to the project of the new building of the Central Bank of Iraq to see the progress of work on the project. A number of Zaha Hadid's office workers inspected the facades and finishes currently implemented in the grand architectural edifice.

During the visit, technical meetings were held between the building project management and Zaha Hadid's office team to discuss issues related to the final designs, artwork, finishes and colors of the building. It is noteworthy that the new Central Bank of Iraq project consists of 38 floors and a height of 172 meters on the surface of the ground and is considered the tallest building in Iraq and was designed by the late Zaha Hadid. Concrete works, direct works of art, cladding of building facades and mechanical works have been completed.

 Central Bank of Iraq   information Office   14 - March – 2022   https://cbi.iq/news/view/1967 

Al-Zamili: The Next Parliament Session Will Witness A Vote On Three Paragraphs

Baghdad - Aa'a - Medal of Mullah   Today, Thursday, the First Deputy Speaker of Parliament, Hakim Al-Zamili, revealed three paragraphs during the upcoming parliament session.

Al-Zamili told the Iraqi News Agency (INA): "The House of Representatives includes deputies who do not look to their parties but to the interest of Iraq," noting that "the formation of the government and the selection of a president represent Iraq's interest."

He added, "The next parliament session will include several paragraphs, including voting on committees, voting on the rules of procedure for the division of committees, and voting on choosing the president of the republic."

Earlier, Parliament Speaker Muhammad Al-Halbousi set Saturday, March 26, as the date for the Parliament session to elect the President of the Republic.    https://www.ina.iq/151475--.html

Al-Fath: The Judiciary Will Force Parliament To Dissolve Itself If It Fails To Elect The President Of The Republic

POLITICIAN 03/17/2022 | 5:01 PM   information/special  Alliance, Ali Al-Fatlawi, warned, on Thursday, of a judicial decision to dissolve the House of Representatives in the event of its failure to hold a session to elect the president of the republic.

Al-Fatlawi said in a statement to "The Information", that "the political blocs and parties inside the parliament have a historic and pivotal responsibility represented in holding a session to elect a new president of the republic," noting that "Iraq is going through a dangerous stage and a turning point in the political process that will greatly affect the Iraqis."

He added, "If the political blocs fail to pass the President of the Republic, the Federal Court will be forced to take a decision that forces the current parliament to dissolve itself and move to the stage of forming a government of salvation, due to the end of all constitutional times."

A member of the Al-Fateh Alliance explained that "the Iraqi people are not ready to hold early elections again or go along with the next stage represented by the Salvation Government," calling on the political blocs to "negotiations and discussions before the next session is held and try to proceed with the formation of the presidency and the ministers in the service of the Iraqi people." https://almaalomah.me/2022/03/17/587830/

Economist: “Food Dollar” Is The Best Way To End The Situation Of High Prices

Economic   Last Update 03/17/2022 | 9:22 AM    Information / Baghdad... Economist Ihsan Al-Kinani indicated, on Thursday, that the government can resort to a plan that would reduce food prices in the country instead of zeroing customs duties, pointing to the possibility of dealing in food dollars, so that food traders are registered with banks to sell dollars to them at a price supported by the state. To ensure the reduction of imported food prices.

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Al-Kinani told Al-Maalouma, "The government has achieved great revenues through the rise in international oil prices, and it is likely that prices will continue to rise to more than $90 a barrel for the month of June."

He added that "the financial abundance enables the government to open a new window for selling the dollar to food traders from importers only, so that the dollar can be sold under the name of the food dollar, provided that it is supported by the government so that it is sold to them at less than its set price by a certain percentage that may reach 25 percent." “. 

And Al-Kinani stated, "Resorting to the food dollar is enough to reduce food prices, especially since there is a significant increase in the prices of basic materials, and exploitation by traders and importers, while the citizen falls victim to this matter." finished/ 25 n   https://almaalomah.me/2022/03/17/587710/

A Representative From Al-Fateh: We Will Go To The Emergency Government In This Case.. What Is It?

03/17/2022   Earth News/ The representative of the Al-Fateh Alliance, Hassan Shaker Al-Kaabi, spoke today, Thursday, about the possibility of going to an emergency government in Iraq, indicating that it will be managed by the President of the Republic.

Al-Kaabi said in an interview with Earth News, "If the Iraqi parliament and the political blocs cannot form a government during the constitutional periods approved by the Iraqi constitution, we will go to an emergency government managed by the President of the Republic until early elections are held again in order to form a new Iraqi parliament."

And he added, "According to what we know, things came out of the Federal Court, considering the latter is the supreme authority that exists, guarantor and faithful to the Iraqi constitution, and the political blocs must speed up the formation of the government as we used to previously, and the governments, most of them were formed by consensus," stressing, "Today we are our Iraqi parliament, and it is made up of all political blocs." Everyone must be respected.”

And Representative Al-Kaabi added that "the largest bloc is supposed to be formed in the first session of the Iraqi parliament," stressing that "today it is for the Shiite component, and part of it does not represent the largest bloc for the Shiites because there are balances and consensus, and the Shiites must adhere to and go to consensus in forming the largest bloc and the government and preserve Balance and the dues of the Shiite component.   https://earthiq.news/archives/47498

Al-Sayadi: The Tripartite Alliance Shares “Money And Money” And Is Different Over The Unity Of Iraq!

Politician  Last Update 03/17/2022 | Information/Baghdad.. A former member of the Parliamentary Integrity Committee, Kazem Al-Sayadi, accused, on Thursday, parties within the tripartite alliance of trying to thwart any Shiite rapprochement in order to continue stealing Iraq, indicating that the tripartite coalition is unable to form a government without the coordinating framework.

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. Al-Sayadi said in a televised interview that “The Information” followed, that “the parties to the Triple Alliance have differences in beliefs, the unity of Iraq, the Farhud, money and malls, and uprooting the framework is the goal that brought the parties of the Triple Alliance together.”

Al-Sayyadi accused some parties within the coalition of "continuously striving to thwart any rapprochement between the coordination framework and the current, and accumulating theft of the Kurdistan government without a major political cover."

He pointed out that "the Federal Court confirmed that the submission of the paper of the largest bloc is between ratification and swearing in the deputies, and I challenge the Triple Alliance to submit the paper of the largest bloc." End / 25 D    https://almaalomah.me/2022/03/17/587760/

Al-Kazemi’s Advisor: The Previous Budgets Went To Salaries, And Amending The White Paper Is A Necessity

Shafaq News/ Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, noted on Thursday that the previous public budgets consisted of paying salaries instead of services, while stressing the need for an amendment to the "white paper" by the specialists.

This came during a financial and accounting training center set up by the Ministry of Finance entitled (Assessment of fiscal vitality in public budgets), according to a statement issued by the ministry, received by Shafak News Agency.

Saleh said, according to the statement, that "most of the previous budgets were compensatory budgets, that is, distributing salaries instead of free public services, and transferring them to special services such as electricity and water, and this is a failure in preparing public budgets."

He added that "the ministry's financial policy came with positive financial results, and modified the Iraqi economy," noting that "this change should not continue for a long time because it will affect the general members of society."

The economic advisor praised “the economic reforms presented by the white paper that significantly improved the country’s situation and the conduct of financial matters,” stressing the need to “adopt these reforms and amend this paper by the specialists.”   LINK