Iraqi News Friday AM 6-18-21
Iraqi News Friday AM 6-18-21
TLM724 Administrator BondLady’s Corner
Al-Kazemi’s Advisor Determines A Way To Control The Exchange Rate
Politica l| 02:53 - 06/18/2021 Baghdad - Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the monetary policy of the Central Bank is able to control the stability of the exchange rate.
Salih said, according to the official media, that "the monetary policy of the Central Bank of Iraq and its sufficient foreign reserves has the ability to intervene in the exchange market by meeting legitimate demands for foreign currency, in both its two forms, the monetary dollar and foreign transfers in foreign exchange and for the account of bank customers from private sector traders seeking to finance their trade." foreign goods, services and various benefits.
He pointed out that "this policy also has the ability to meet small commercial requests in the same foreign currency, which is being met additionally, which is also one of the important windows in stabilizing the exchange rate at its official borders, all of which leads to the stability of the general level of prices."
He added that "controlling the levels of local liquidity by sustaining the operations of sterilizing the surplus of local liquidity to achieve balance in the exchange market and in accordance with the objectives specified in the amended Central Bank of Iraq Law No. 56 of 2004 will remain the practical course in correcting emergency price deviations and controlling and sustaining stability."
The Central Bank of Iraq had confirmed, earlier, the stability of the dollar exchange rate and the absence of any intentions to change it. https://www.mawazin.net/Details.aspx?jimare=157452
Saleh: The Central Bank's Monetary Policy Is Able To Control The Stability Of The Exchange Rate
Author: AhadNA3 On 6/18/2021 - 3:06 PM 46 The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the monetary policy of the Central Bank is able to control the stability of the exchange rate.
Salih said, “The monetary policy of the Central Bank of Iraq and its sufficient foreign reserves has the ability to intervene in the exchange market by meeting the legitimate demands for foreign currency, in both parts of the monetary dollar and foreign transfers in foreign exchange, and for the account of bank customers from private sector traders seeking to finance their foreign trade of goods and services. and various benefits.
He pointed out that "this policy also has the ability to meet small commercial requests in the same foreign currency, which is being met additionally, which is also one of the important windows in stabilizing the exchange rate at its official borders, all of which leads to the stability of the general level of prices."
He added that “controlling the levels of local liquidity by sustaining the operations of sterilizing the surplus of local liquidity to achieve balance in the exchange market and in accordance with the objectives set by the amended Central Bank of Iraq Law No. 56 of 2004 will remain the practical course in correcting emergency price deviations and controlling and sustaining stability.”
The Central Bank of Iraq had confirmed, earlier, the stability of the dollar exchange rate and the absence of any intentions to change it.
A central bank statement received by Al-Ahed News stated that “what is being circulated is not true, as the price chosen at the end of the year 2020 for the dollar exchange was based on in-depth studies of the requirements of the economic and financial situation and the objectives of monetary policy.”
The bank indicated that “its foreign currency sales are based on the stability of its foreign reserves at excellent levels, as those sales were increased to meet all legitimate requests,” stressing that “the price will stabilize as a result of the measures taken by the Central Bank recently and that it will take.”
https://alahadnews.net/207566/%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af/
Parliamentary Economy: The Central Bank Failed To Maintain The Price Of The Dollar
Author: AhadNA3 On 6/18/2021 - 9:57 AM 77
The Parliamentary Committee on Economy and Investment confirmed that the Central Bank increased the pumping of the currency in order to maintain the exchange rate, but it failed to do so, pointing out that the government took financial measures that reflected negatively on the Iraqi economy, especially the citizen.
Committee member Mithaq al-Hamidi said, "Iraq has become mired in foreign debt because of the government's financial policy and the lack of any benefit from the white paper that cracked the heads of parliament members in order to vote on it."
And she added, "The government, through its financial measures and increasing the dollar exchange rate, tried to maintain the balance of the central bank and the hard currency, which caused an increase in all prices for everything in the country."
And she indicated that "the central bank, after the measures taken by the government, began pumping more currency under the pretext of maintaining the exchange rate, while it failed to do so, and prices rose in an unprecedented manner, which caused great damage to the citizen."
https://alahadnews.net/207458/%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af/
Salem: The Government Is Making Money With The People's Money
Political Thursday 17 June 2021 | 05:56 PM| Number of readings: 1519 The representative of the Al-Fateh Alliance, Hassan Salem, warned the federal government against wasting people's money and depriving governorates that suffer from poverty and deprivation of their financial benefits and poor distribution.
In a statement, Salem promised, “Giving the regional government an amount of 200 billion dinars per month and retroactively,” an explicit violation of the constitution and the terms of the budget for 2021, which stipulates mutual commitment.
So far, the regional government has not committed to any agreement and financial obligations towards the federal government. Salem stressed: “We will take legal measures.” To prevent disregard for the people’s money, the Public Prosecution must prevent the delivery of this money.”
Likewise, the prime minister must be questioned and held accountable for his failure to adhere to the constitution, whose articles provide for the equitable distribution of wealth among the governorates, as well as his violation of the budget’s texts that do not accept interpretation. https://aynaliraqnews.com/index.php?aa=news&id22=148728
An American Document Reveals That 4 Thousand Iraqis Caused A Massive Fraud In Washington
Reports| 02:24 - 06/18/2021 Follow-up - Mawazine News, according to reports issued by the US State Department, that the authorities suspect that about 4,000 Iraqis are submitting false applications for resettlement in the United States as refugees.
More than 500 Iraqis, who have already entered the country as refugees, are implicated in the alleged fraud case and may be deported or revoked their US citizenship, according to a document sent to members of Congress.
"There is no indication to date that these individuals, numbering more than 500, have links to terrorism," the document said.
Reuters reported that it had seen the reports issued by the US State Department, noting that the authorities had opened an investigation into the matter.
US officials said the investigation, one of the largest investigations into refugee fraud in recent history, has raised reservations among some in President Joe Biden's administration as they consider a similar program to help Afghan refugees as US troops withdraw from the country after a 20-year war. years.
Reports show that the investigation is more comprehensive and more dangerous than what officials have revealed since the announcement in January of freezing the "Direct Access" program for Iraqi refugees for a period of 90 days.
The suspension, which the State Department extended indefinitely in April, came after the disclosure of an indictment of three foreigners with fraud, records theft and money laundering.
A State Department spokesman declined to comment on the scope of the investigation and deliberations within the government, but said the fraud scheme did not affect the refugee security verification process.
"The discovery, investigation, and prosecution of the individuals involved in the scheme demonstrated the US government's commitment to ensuring the integrity of the program while upholding our humanitarian traditions...Those who seek to profit from America's generosity in welcoming the vulnerable will be held accountable," the spokesman said.
The spokesman did not specify a timetable for the investigation, but said the agency would work "as quickly and adequately as possible" to complete the review and make any necessary security changes.
Under the patronage of the late Senator Edward Kennedy, Congress authorized the "Direct Access" program four years after the United States occupied Iraq from 2003 to 2011 and the sectarian violence that followed. The program aims to accelerate the resettlement of Iraqis at risk because of their work with Washington.
But the State Department official said there were "a lot of reservations" about expediting the resettlement of Afghans as refugees in the United States, citing problems in the Iraqi program.
The official, who asked not to be identified, cited challenges in verifying employment history and other basic information "in unstable environments".
Representative Jason Crowe, a former Army soldier who founded a bipartisan group lobbying Biden to evacuate at-risk Afghans, said State Department officials told him that problems with the Iraqi program had deterred people from developing a program for Afghans.
A major list
A report from the US State Department, seen by "Reuters", stated that the suspension of the Iraqi program led to the freezing of processing more than 40,000 applications, involving more than 104,000 people, 95 percent of whom are in Iraq, and they are all being re-evaluated.
He added that officials had drawn up a "master list" of "companies and suspected fraud cases as identified by the investigation," noting that it included more than four thousand individuals, none of whom were allowed to travel to the United States.
State Department reports, the indictment, and court documents do not definitively state the purpose of the alleged plot.
But a State Department investigator’s testimony to a federal court indicated that applicants were paying for case file fabrication, which helped them pass the screening process, consular interviews, and “maybe secure entry to the United States… which would not have happened without this (fabrication).” .
An indictment unsealed in January accused the suspects of stealing digital case files of more than 1,900 Iraqis, including highly classified information such as work and military history, accounts of persecution, security screening results, and proposed US consular interview questions.
Resettlement is an extremely rare and valuable commodity that saves lives...People will do anything they can to access it,” said Mark Hetfield, director of a refugee resettlement agency.
The program had shortened the process for Iraqi groups of "special humanitarian interest" to be able to resettle in the United States by removing the obligation to obtain referral documents from the United Nations High Commissioner for Refugees.
Among the eligible applicants are Iraqis inside and outside Iraq who are at risk because they worked for Washington, as well as some of their family members. Iraqis who have worked for US-based media and humanitarian groups or organizations that have received US government grants or contracts can also apply.
According to a State Department document, more than 47,570 Iraqis have been resettled in the United States through the program.
Admissions have slowed considerably under former Republican President Donald Trump, who curbed refugee admissions this year at a record low of 15,000 before leaving office.
According to the indictment, the alleged fraud scheme ran from February 2016 until at least April 2019. The State Department document said the investigation began in February 2019.
James Mervaldez of No One Left Behind, a nonprofit that helps Iraqis and Afghans with ties to the United States immigrate to the country, said it was not known how many were killed, but it was in the hundreds. He said most of the threats were from remnants of the Islamic State group and Shiite militias backed by Iran. Mirvaldez added, "Many Iraqis are still contacting us to ask for help." Ended 29/A43
https://www.mawazin.net/Details.aspx?jimare=157446
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