Iraqi News Late Saturday PM 7-3-21
Iraqi News Late Saturday PM 7-3-21
TLM724 Administrator BondLady’s Corner
Dollar Equation
Saturday 03 July 2021 220 Thamer Al-Haims Coincidence or a unique match, between purchasing power and the rate of devaluation of the dinar in exchange for saving in the dinar to pay salaries, the rate of decline of the dinar was 22 percent against 22 trillion dinars, which the government provided as a result of the reduction against the dollar, accompanied by the recovery of the cash reserve, according to the Parliamentary Finance Committee, The blessings of this process have been the increase in the salaries of those covered.
After this directly parallel equation, the lower the value of our dinar, the more money we will save to go around in the midst of inflation, and the rentier economy will keep stifling the real production through its cultivation, industry and export.
The state, with its options, is limited, when it finds that out of every five Iraqis, employees or people with social care or exceptional salaries (which do not apply to the conditions of public service or social care), and when we have 8 million who receive a salary and their work rate is 17 minutes according to the World Bank, it becomes Oil, which contributes 93 percent of our annual budgets, is not just a passing crisis that keeps pace with the fluctuations in OPEC prices.
Talking about the relationship with the dollar, that it reduced the dinar, is issued by the importing authorities, as they are the first affected, as they dominate the consumer market and even the construction sector and accompany it in stifling its local industry, except for cement, bricks and plaster.
Apparently, they do not solve the problems in the foreseeable future, especially since the unemployment of the third commercial import sector is not insignificant, as well as the rise in the prices of the national product, as its supply is small and desirable, and the demand for it is large, due to the high price of the importer, as a result of the rise in the value of the dollar.
Therefore, the matter should be dealt with outside the interests of the Iraqi 1 percent, and we should start from the bottom of the social ladder, which is that the ration card should be a central target for its basic segment, who are those who were below the poverty line, whether through the Ministries of Labor and Social Affairs, and Planning, in close cooperation with community organizations The local and international civil society, and the new ration card is financed from the 1 percent taxes as a group that looks far, after calming down playing with the 50 percent, who are under the pressure of the absolute and absolute poverty line to ensure social stability.
There is a chronic scarcity in food production (animal and vegetable) despite the fact that its market is full of ready consumers, who are more than 8 million employees who are sufficient to absorb any local production, so would this not be more tempting than smuggling, but the main resource of the dollar that enhances our balance outside the rentier framework is the recovery of the smuggled from Dollars, at least the 180 billion dollars, as was recently announced, which is equivalent to two annual budgets that free us from the dominance of rent and import, which has turned us into a shop that sells crude oil to finance 8 million families, and to remove distortions of the rentier economy. LINK
A Slight Decrease In The Price Of The Dollar In Iraq
Market Economy News _ Baghdad Today, Saturday, the dollar exchange rates recorded a slight decrease in the main stock exchange and exchange shops in the capital, Baghdad.
Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad recorded 147.150 Iraqi dinars against 100 US dollars, after it recorded during its opening last Thursday morning 147.250 Iraqi dinars for every 100 dollars.
Selling prices in money exchange shops in the local markets in Baghdad decreased to 147,500 Iraqi dinars, while buying prices amounted to 146.500 dinars per 100 US dollars.
Views 164 Date Added 07/03/2021 https://economy-news.net/content.php?id=25570
A Frustrating Statement To The Finance Committee About Oil Prices And Filling The Budget Deficit!
Political | 01:15 - 03/07/2021 Baghdad - Mawazine News The Finance Committee confirmed, on Saturday, that the increase in oil prices did not address the budget deficit.
The head of the committee, Haitham al-Jubouri, said, according to the official agency, that "so far, according to the new oil prices, the financial deficit in the budget has not been filled, despite the oil reaching $75, but Iraqi oil is lower than international prices, with the exception of Basra Light oil, in addition to the cost of oil production." .Al-Jubouri added, “A barrel of oil after extracting it is purified from its price of 60 dollars after hitting it with a production of 2 million 880 thousand hit 365 days and hitting it in the exchange rate, we find that it did not fill the deficit in the budget,” noting that “the budget is 130 trillion and at the current prices is still We have a real deficit in investment and operational expenditures of 30 trillion," he said, explaining: "We are surprised when some talk about the existence of financial abundance."
And the head of the committee added, "The abundance that is achieved goes to filling the financial deficit in the budget, and therefore we still need to return the million barrels that were deducted from the quantities that Iraq is supposed to produce according to the OPEC agreement so that we can completely fill the real deficit to spend the budget, but in the situation The current deficit still exists.” Ended 29/A 43
https://www.mawazin.net/Details.aspx?jimare=159201
The Impact Of Political Economy On Resource Management!?
Pratha News Agency110 2021-07-03 ✒ Omar Al-Nasser *|| Today, we must all assume responsibilities and take real and courageous steps in order to evaluate situations. We must accept the results of failures and failures professionally and in a high spirit of sports, and try to make a comprehensive review of all previous and subsequent steps and decisions to re-evaluate and improve the quality of performance on the one hand and allow those who are qualified to take the reins.
Responsibility according to the jurisprudence of the modern political system on the other hand, and for the stability of the compass index of absolute faith in the state of institutions that believe in extending the rule of law over all aspects of political life to achieve qualitative leaps in economic policy.
If we take the concept of political economy and delve into its depths, this means either knowing the secrets and codes of the well-being of countries and the progress of societies or their delay and their staying away from keeping pace with development and development in all its aspects, so they deserve to be called the term developing countries or third world countries, and we will not say underdeveloped because they are a direct relationship between the success of state policy and taking With the outputs of ideas and advice, plans to develop the economy aimed at increasing the volume of growth and production, or failure and failure resulting from the authoritarian autocratic leadership that does not care about the concept of supporting minds and creative energies, who are a very important title and its existence and sustainability means the success of the economic policy in its entirety that was drawn to impose itself strongly as a professional player and an economic figure that is difficult access to it.
The state is responsible for creating suitable atmosphere and job opportunities for its children, as it is the only entity that enjoys giant budgets that derives its sources of income from its wealth or through the role of government and private institutions.
The garrison, because the movement of the market depends on the payment of salaries to employees to spend them inside the market, so there will be a movement of money and a rotation of the wheel of the economy and a move away from depression, and this is definitely affected by the political conditions and regional factors.
According to statistics, the size of our economy was 223 billion dollars in 2015, and this figure is very large due to the high oil prices at that time, and it was considered 95% of Iraq's total income from hard currency from this field, and at the same time the strength of the state lies in the multiplicity of its resources and capabilities and that the factors of the strength of the political economy It follows the study of production and trade and their relations with law, customs and government,
which is the best way to distribute national income and wealth. Political economy may simply refer to taking advice or advice given by specialized economists by submitting proposals to research centers and economic and strategic studies to the government or parliament to advance what is in the line of economic policy the public to the ladders of quality and correct growth, such as the proposals developed by specialists that make the economy the lethal weapon and the key to development and prosperity of the state.
Being affected by the phenomenon of the ebb and flow of political crises means that the economy is faltering and unstable, especially in those countries that depend on the rentier economy and the absence of alternative sources of national income for them, which is what Iraq is experiencing today as it is completely dependent on the production and marketing of oil as a result of weak political will and unification of the decision that should be upheld
The rest of the sectors of the economy’s resources, management, and the process of activating the rest of the industrial, agricultural and commercial development sectors, so as not to be among those countries that will collapse completely or may offer themselves for sale, rent, or even investment in the event that they run out of oil in the coming years and at that time will not have the possibility to continue or It remains an influential pole in global economic policy.
The field of economy is the most important chord, and it is the preferred option for many major countries. Indeed, it can be said that it is more dangerous and more expensive than human lives in most cases, and wars and political crises between the great countries bear witness to this and what the Corona virus has also proven to us, and the evidence is the preference of some countries of the world for the economy more than the lives of their citizens. In order for it not to be affected and collapse, and accordingly,
if we want to re-establish a typical political and economic system far away from the results of the frayed political process that cannot lick its wounds, we must first work seriously to re-evaluate the levels of those in charge and those who control the atoms and ions of political decision in all the politicians who failed in Managing the state since 2003 and working to create the atmosphere with a serious decision and sound intentions from the decision makers to re-attract the minds and statures of the Iraqi economic policy in the diaspora, which benefited from the experiences of the developed countries that believe that the quality of progress comes by intensifying collective action. http://burathanews.com/arabic/economic/395536
Preparing The Infrastructure For Umm Qasr Ports
Saturday 03 July 2021 142 Baghdad: morning The General Company for Ports of Iraq, affiliated to the Ministry of Transport, announced that preparing the infrastructure for Umm Qasr ports includes rehabilitating the entry road to the northern and southern Umm Qasr ports.
"The company's engineering and technical staff are implementing a wide reconstruction campaign for the entrance to the northern and southern Umm Qasr ports, which will be a beautiful architectural icon worthy of the company's ports," said Farhan Muhaisin Al-Fartousi, Director-General of Iraq Ports.
For his part, the Director of the Engineering Affairs Department and Chief Senior Engineer Ghassan Ali Sajet confirmed, “The completion of the rain sewage system and the completion of the cutting works along the road, in addition to starting to feed the southern port temporarily until the materials arrive and the final connection work is completed, for the purpose of lifting the old columns that are located within the exit road. In addition to preparing quantities and masses of crushed stone and preparing them for the purpose of bedding later. These works are in full swing with the extraordinary efforts of the company's staff. LINK
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