Iraqi News Highlights Early Thursday AM 11-10-22
Iraqi News Highlights Early Thursday AM 11-10-22
Tlm724 Administrator Bondlady’s Corner
Four Local And International Risks Surrounding The" Crisis " Of Reducing The Dollar In Iraq
2,219 economy 2022/11/08 20: 42 hs Baghdad today-Baghdad
Saleh al-Hashimi, an expert on economic and financial affairs, warned on Tuesday of the risks of changing the exchange rate of the US dollar, in light of political and popular demands to reduce it.
Al-Hashimi told Baghdad today that "there are great risks surrounding the country in the event that the government reduces the dollar exchange rate against the Iraqi dinar,"
stressing that "this step will make the country unable to borrow to fill the expected financial deficit in the federal budget.
"The devaluation of the dollar will push Iraq to impose more austerity measures and borrow in any problem faced by the country's fiscal policy in the near or distant future," he added.
"The danger also lies in creating big problems with the International Monetary Fund,
so this file must be handled with extreme caution to avoid falling into those risks, away from political slogans," he explained. https://baghdadtoday.news/news/205637/أربعة-مخاطر-محلية-ودولية
Without Affecting The Economy.. Expert: The Government Is Able To Reduce The Exchange Rate
8 November 18:21 Information / private.. Economist Zia Al-Mohsen stressed on Tuesday that the current government should work to reduce the exchange rate without affecting the citizen and its economy at the same time.
"The economic steps taken by the new government will contribute to the financial stability of Iraq and lower the exchange rate without affecting the Iraqi economy and citizens," Al-Muhsin said in an interview with Al-Malouma, adding that
"the first steps were to announce the planting of five million dunums of wheat.
He added, "the agricultural and industrial economic plan in which the Sudanese government is proceeding,
if properly applied to its end, will certainly reduce the exchange rate without affecting any of the parties".
"Most of the central bank's dollar sales go to the import of foodstuffs,
if the state controls the import, the demand will decrease and the central bank will deliberately reduce the exchange rate," he said.
A number of Deputies had announced earlier, about collecting parliamentary signatures from all political blocs in order to work on reducing the dollar exchange rate, and
this decision comes after many appeals from citizens and complaints about the cost of living due to rising prices twice as much as they were before voting to raise the dollar rate in 2020.
https://almaalomah.me/news/economy/دون-التأثير-بالاقتصاد-خبير:-الحكومة-قادرة-على-خفض-سعر-الصرف
Conscious / Exclude The Change In The Value Of The Dinar Against The Dollar In The Budget
November 10, 2022 9 Views Conscious / Baghdad / G .M The Parliamentary Finance Committee ruled out a change in the value of the dinar against the dollar in next year's budget,
pointing out that the price of a barrel of oil will not be the same as its predecessor in the budget, especially with the increase in world prices.
“There is an urgent need to make changes in the investment budget to suit the actual need of the country in order to implement the government program of the Sudanese government,” said committee member Jamal Ahmed in an interview with (Iraqi media news agency / WA), that
"there is an urgent need to make changes in the investment budget to suit the actual need of the country in order to implement the government program of the Sudanese government.
“The dollar exchange rate in the budget will remain fixed without any changes,
especially since the central bank is responsible for this policy and has made its opinion clear on this issue,” he added. He pointed out that
”the price of a barrel of oil in the budget will change from the previous one, and
it is likely that it will be lower than the price offered on the world markets,“
pointing to the importance of ”setting a reserve price for oil in the budget, especially since the world markets may witness an increase in the supply of oil. https://al-iraqinews.com/archives/310842
Trade Bans 21 Items From Import And Warns Against Dealing With Them In Local Markets
Economy Wed, 9 Nov 2022 12:18 pm Baghdad/National News Center
The Ministry of Commerce published, on Wednesday, a list of items prohibited from being imported, while warning against dealing with them in local markets.
The Director General of the financial and Commercial Control Department at the ministry, Mohammed Hanoun, said in a statement received by the National News Center:
“the Department published a list of materials prohibited from importing within the controls that the general company for Iraqi exhibitions issues permits for,”
warning “from dealing with those materials, which included foodstuffs and beverages, including mineral water, energy drink, (beer), pasteurized dairy, ice cream, chips (potatoes and corn), in addition to construction materials such as and the shaker.
The list of prohibited items included military equipment such as military service boots, helmets and military armor,”the statement said.
Hanoun added that ”the Department's supervisory teams in Baghdad and the provinces, based on the directives of Minister of Commerce Athir Daoud Al-ghurairi, will take the necessary measures to prevent the circulation of these materials in cooperation with the security services and the Organized Crime Department at the Ministry of Commerce".
He pointed out that ”since today, the supervisory teams have started to follow up the materials prohibited from being imported and to check the shops and markets in order to prevent them and support the national product". https://nnciraq.com/163145/
Expected Government Decisions To Support The Agricultural And Livestock Sector
Yesterday's economy, 19:34 Baghdad-WA - hendrin Makki The Ministry of Agriculture confirmed on Wednesday the government's intention to support livestock and promote the agricultural sector, and while
it revealed a move to address and rehabilitate the irrigation system in Iraq,
it clarified its measures to support livestock.
Ministry spokesman Hamid al-Nayef told the Iraqi News Agency (WA) that
"the ministry has achieved accelerated achievements over the past few period, including increasing the agricultural plan and seed support by 70%".
Regarding the support of livestock, Al-Nayef stressed that "the ministry pays attention in the field of supporting livestock, as
it started receiving yellow corn for 500 thousand dinars per ton, and it will be sold to breeders for a subsidized amount, and
this will contribute to the revival of the animal revolution sector, which has suffered from the issue of feed for several years".
He added that "there is an effort to address the effects of the drought that negatively affected livestock by treating and rehabilitating the irrigation system in Iraq and returning water to its natural state by covering rivers with concrete to reduce water losses".
He pointed out that "the government is determined to support livestock and promote the agricultural sector, "pointing out that "government decisions will be
supportive of the poultry sector,
protect the local product, and
set a customs tariff while
reducing smuggling.
Regarding the loss of animals in the marshes in southern Iraq, al-Nayef pointed out that
"the animal sector was exposed in the marsh areas to major problems and challenges that led to the death of many animals after the drought that hit many of them,"
explaining that "the ministry is seeking to restore the livestock sector to its glory by supporting it with water and feed. https://www.ina.iq/169994--.html
Economist: One Decision Of The Government Will Reduce Real Estate Prices
November 7, 20: 03 Information / private..Economist Nabil Al-Ali said on Monday that the frightening rise in real estate prices is related to the government's decisions on reducing the dollar exchange rate, especially that some real estate is being sold and bought in dollars.
"The new government's decisions on reducing the dollar exchange rate will be able to reduce real estate prices in Iraq, especially real estate that is sold and bought in dollars," Al-Ali said in an interview with Al-Malouma.
He added that "the funds offered by the Central Bank contributed to raising prices by a very large percentage, as the activation of economic projects stopped compared to the sale and purchase of real estate,"
pointing out that "these funds worked to increase demand for real estate, which caused the continuous rise in their prices.
"The suspicious qualities and the massive thefts that took place in the government were converted into real estate by buying for twice the amount that the property is worth," he added.
The Economist Younis Al-Kaabi, said in an interview to / information/, that
"one of the doors of money laundering used by politicians is to buy real estate at higher prices than usual and in privileged places,"
stressing that "there is no demand or movement on these properties except from certain people who are the reason for the rise in real estate prices in Iraq.
https://almaalomah.me/news/economy/اقتصادي:-قرار-واحد-من-الحكومة-سيخفض-أسعار-العقارات
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