Iraqi News Highlights and Points to Ponder Sunday AM 3-17-24

The Iraqi Dinar Recovers Against The Dollar In Local Markets

Baghdad today - Baghdad   Today, Sunday (March 17, 2024), the exchange rate of the dollar against the Iraqi dinar recorded a noticeable decline, reaching 149 thousand for every 100 dollars.

The "Baghdad Today" correspondent said, "The exchange rate of the dollar today, on the Al-Kifah and Al-Harithiya stock exchanges, reached 149,900 dinars for every 100 US dollars."

He added, "As for the exchange rate in the banking offices in the capital, Baghdad, the selling price reached 151,000 dinars per 100 dollars, and the purchase price reached 149,000 dinars per 100 dollars."

Yesterday, Saturday, the exchange rate of the dollar on the Baghdad Stock Exchange reached 150,000 dinars for every 100 dollars, while in Basra Governorate it reached 150,100 dinars, and in Erbil it reached 150,150 dinars.  LINK

For The First Time In 2024.. Exchange Rates Fall To The Threshold Of 149 Thousand In Baghdad

Money  and business  Economy News – Baghdad  The dollar exchange rates recorded, in Iraqi stock exchanges, during Sunday’s trading, a decline, the first of its kind during the current year.

The exchange rates at the Al-Kifah and Al-Harithiya stock exchanges in the capital, Baghdad, reached 149,900 dinars for every 100 dollars, while in Basra, they stabilized at the 150,000 mark.

In the governorates of the Kurdistan region, exchange rates reached 150 thousand dinars for every hundred dollars...  Views 104 03/17/2024 - https://economy-news.net/content.php?id=41558

Parliamentary Finance Calls On The Government To Expedite Sending The 2024 Budget To Parliament

Economy  11:37 - 2024-03-17  The Parliamentary Finance Committee called on the government to expedite sending the budget to the House of Representatives, especially since its schedules have not undergone any change and its chapters are fixed, indicating that the delay is blamed on the government and thus reflects negatively on the performance of the ministries.

Committee member, Faisal Al-Naeli, said in a press interview: “The budget schedules for 2024 were long overdue, and it would have been better for them to reach the House of Representatives at the beginning of this year, especially since the items are fixed and remaining and no discussion or change has occurred to them, only the schedules that included financial allocations.” For the items that were confirmed in the 2023 budget.

He believed that "the delay is blamed on the government, and all ministries that depend on operating the budget are basically at a standstill." Al-Naili called on “the government to send all the budget schedules, complete and calculated accurately, so that they are not returned to the Council of Ministers and take time to change, delete, and add,” indicating that “the House of Representatives is ready to discuss the budget as soon as it arrives and complete the approval of its schedules.” https://kirkuktv.net/AR/Details/20039

Parliamentary Finance: Delaying the budget had a negative impact on the performance of the ministries

The first  03/17/2024  The Parliamentary Finance Committee called on the government to expedite sending the budget to the House of Representatives, especially since its schedules have not undergone any change and its chapters are fixed, indicating that the delay is blamed on the government and thus reflects negatively on the performance of the ministries. Committee member Faisal Al-Naeli said in an interview with Al-Sabah:

“The budget schedules for the year 2024 were long overdue, and it would have been more effective for them to reach the House of Representatives at the beginning of this year, especially since the items are fixed and remaining and no discussion or change has occurred to them, only the schedules that It included financial allocations for items that were confirmed in the 2023 budget.

He believed that "the delay is blamed on the government, and all ministries that depend on operating the budget are basically at a standstill."

 Al-Naili called on “the government to send all the budget schedules, complete and calculated accurately, so that they are not returned to the Council of Ministers and take time to change, delete, and add,” indicating that “the House of Representatives is ready to discuss the budget as soon as it arrives and complete the approval of its schedules.”   Edited by: Wael Al-Maluk  https://alsabaah.iq/93580-.html

A Representative Holds Kurdistan Responsible For The Faltering Legislation Of The Oil And Gas Law

Information / Baghdad..  Member of the Parliamentary Oil, Gas and Natural Resources Committee, Kazem Al-Touki, confirmed today, Sunday, that the approval of the oil and gas law has been stalled due to the high ceiling of claims of the Kurdistan Regional Government.

Al-Touki told Al-Maalouma, “The high ceiling of the region’s demands has hindered the approval of the oil and gas law in the House of Representatives, as some technical points have turned into political points.”

He added, "The regional government is obligated to sit at the dialogue table to legislate the oil and gas law, as it is one of the important laws."

He continued, "The Oil Law aims to regulate the relationship and operations of extracting oil and gas in Iraq, as well as the financial relationship with regard to the dealings of regions and governorates not affiliated with the central government." LINK

Provoking Points to Ponder on Decisions 

We are not permitted to choose the frame of our destiny. But what we put into it is ours.  - Dag Hammarskjold

There is a point at which everything becomes simple and there is no longer any question of choice, because all you have staked will be lost if you look back. Life's point of no return. - Dag Hammarskjold

Optimism is an intellectual choice.  - Diana Schneider

The lame man who keeps the right road outstrips the runner who takes a wrong one ... the more active and swift the latter is, the further he will go astray.  - Francis Bacon

Nothing is more difficult, and therefore more precious, than to be able to decide.  - Napoleon Bonaparte

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