Iraqi News Monday AM 5-31-21
Iraqi News Monday AM 5-31-21
TLM724 Administrator BondLady’s Corner
A Call For An Investigation Of The Rise In The Dollar's Price Despite The Increase In Oil Revenues
Time: 05/31/2021 08:24:19 Read: 2,834 times {Economic: Al Furat News} A member of the Oil, Energy and Natural Resources Committee in Parliament, Ghaleb Muhammad Ali, called for an investigation to be opened regarding the continuous rise in the exchange rates of the dollar, despite the increase in oil revenues.
Muhammad Ali said in a press interview that Iraq sold its crude oil during the month of May for $ 62, and achieved revenues of about $ 5.5 billion, which is the highest since the end of 2019, noting that these revenues amounted to 8 trillion dinars after being converted into the Iraqi dinar, and non-oil revenues were added to it. A trillion dinars worth.
He added, "All those revenues, which amount to 9 trillion dinars, were entered into the Central Bank during the current month," noting that "despite the recovery of these revenues, we see that the economy is unstable and there is a continuous rise in the exchange rates of the dollar in the markets, which negatively affected the market. And thus in the life of the Iraqi family. "
Muhammad Ali expressed his surprise at the inability of the Central Bank to control the price of the dollar, pointing out that the continuous increase in the price of the foreign currency calls for the opening of an investigation by the government to solve the problem of the imbalance in monetary policy.
The exchange rates of the dollar rose to reach 1492.5 dinars per dollar, despite the government decision for the exchange rate, which is fixed in the budget, 1450 dinars. LINK
A parliamentarian calls on the government to investigate what is happening in the Central Bank
Author: AhadNA1 On 5/31/2021 - 9:48 p.m. 76 A member of the Parliamentary Oil, Energy and Natural Resources Committee, Ghaleb Muhammad Ali, revealed that Iraq achieved during this month the highest revenues from oil exports since 2019 until now, while calling on the government to investigate what is happening in the Central Bank.
Muhammad Ali said, in a statement that “Al Ahed News” received a copy of, that “Iraq sold its crude oil during the current month for $ 62, and sales revenues reached about $ 5.5 billion, which is the highest in the country’s revenues since the end of 2019, indicating that“ this amount When converted, it amounts to 8 trillion dinars, in addition to other non-oil revenues, which amounted to a trillion dinars, so that the figure becomes 9 trillion dinars, which entered the Central Bank of Iraq during the current month. ”
He pointed out that “the existence of these sums makes us see the conditions of Iraqis and the economy in a better way, but what is present on the ground is the opposite. Although there are a lot of revenues from the sale of oil.
The representative of the change asserted that, “The Central Bank of Iraq cannot control the exchange rates of the dollar, and there is a continuous rise within a few days, which calls for the opening of an investigation by the government about what is going on in this bank and the rapid increase in the exchange rates of the dollar and the possibility of removing him from his post And choosing people worthy of this position, who controls all the money in Iraq.
A member of the committee acknowledged that "there are cases of corruption in the central bank, especially in the window of selling the dollar, because the exchange rates amount to 145 thousand dinars for a banknote of 100 dollars, while in banking shops it reaches 150 thousand dinars," stressing that "this difference between the selling and buying prices It will be from the share of the parties that will use the people's money in the upcoming elections.
He explained that "the central bank must adopt a monetary policy whereby it can maintain stable dollar prices as it affects the lives of citizens, and take a stand far from the parties, being at the present time subject to their control." https://alahadnews.net/201186/%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af/
Economic Specialist For / NINA /: The Continued Smuggling Of Currency And The Return Of The Dominance Of Banks Reflects The Government Failure
Monday 31, May 2021 10:11 | Economical Views: 295 Baghdad / NINA / Economic specialist Dergham Muhammad Ali affirmed: "The government's allegations related to the increase in the exchange rate of the dollar proved to be unsuccessful after five months of raising the exchange rate."
In a statement to the Iraqi National News Agency ( NINA ) , Muhammad Ali said, "The finance minister's allegations to justify this decision to stimulate development, prevent currency smuggling and limit the black market, destroyed the Iraqi market and was reflected negatively, not positively."
He pointed out that "any real measures to reduce poverty rates have not been followed. On the other hand, currency smuggling continues through the same banks," indicating: "The return of the black market and the increase in inflation and poverty to record levels is sufficient to dismiss any government in a true democratic system."
Muhammad Ali stressed, "The failure of the finance minister’s policy and the so-called white paper, which was warned that it was a failure from the start. However, the government defended it under the pretext of supporting development, while the market downturn led to the loss of tens of thousands of job opportunities," calling on the government to be honest with the people. With the failure of its white paper and its inability to limit the corruption mafias in the currency smuggling auction. / End 8 https://ninanews.com/Website/News/Details?Key=907231
The Economic Situation Forces The Ports To Wait For The Implementation Of The Single Customs Declaration
Political| 04:29 - 05/31/2021 Baghdad - Mawazine News The Border Ports Authority decided, on Monday, to wait until the application of the single customs declaration due to the current economic situation.
The authority stated, in a statement that Mawazine News received a copy of, that "Major General Omar Adnan Al-Waeli, head of the Border Ports Authority, chaired the fifth meeting of the board of the body, which includes in its membership representatives of the ministries, bodies and governorates concerned with border crossings."
The statement added, "The meeting was held via the closed-circuit television circuit, and its agenda included discussion of several paragraphs and topics to organize work at border crossings, as the Cabinet General Secretariat of the Diwaniya Order Committee (47S) for the year 2021 was discussed (with one customs declaration for each container in ports). ".
He continued: "And the members of the Council voted unanimously to wait for the time being about the implementation of the decision due to the current economic situation, provided that the General Company for Iraqi Ports work at a faster pace to accomplish the Great Welcome Square in the ports while obliging all departments working at the border crossings to work with the electronic platform prepared by the Authority. Border ports in cooperation with the General Company for Ports of Iraq.
He pointed out that "the agenda included discussing the topics proposed to be presented at the upcoming meeting of the Anti-Corruption Academy and assessing the reality of the border crossings, which will be established by the Integrity Commission on 6/8/2021 to work on discussing the development and reconstruction of infrastructure and the provision of municipal and health services at the border crossings."
He continued: “The meeting also included a proposal to open the Jumima port in the province of Muthanna with the Kingdom of Saudi Arabia to activate trade exchange, advance the economic reality and employ the workforce for the people of the province, preceded by the formation of a committee of members of the Council to present a comprehensive study on the feasibility of opening the border crossing, provided that its study is presented at the meeting. Next to the board of the body. "
The meeting discussed, according to the statement, “that the General Customs Authority will follow up on the investigation procedures with the joint committees with the Ports Authority after the violations are caught by the Authority. The Director General of the Customs Authority presented a proposal to form a permanent committee in the customs to follow up on these committees to ensure that they are completed within the specified limit to hold the negligent accountable. The agenda had a paragraph dealing with the protection and security of Basra International Airport. https://www.mawazin.net/Details.aspx?jimare=155216
Includes 3 Ministers .. A Deputy Is Likely To Make A Change Soon In The Al-Kazemi Government
Political| 12:58 - 5/31/2021 BAGHDAD - Mawazine News, a member of the Parliamentary Government Program Monitoring Committee, Kazem Finjan Al-Hamami, on Monday, said that this week, a ministerial reshuffle will be made in the Al-Kazemi government.
"The change will include the Ministry of Health, whose affairs are still managed by the agents, as well as the Ministries of Industry and Finance, at a rate of 80 percent, in addition to other ministries in the future," Al-Hamami said in a radio interview followed by Mawazine News.
Al-Hamami pointed out that "Parliament has not yet received a report on the ministries whose ministers will be specifically changed," ruling out that "the change includes 8 ministries because this number is exaggerated," as far as he described. Ended 29 / p4 https://www.mawazin.net/Details.aspx?jimare=155186
Iraq Has Achieved The Highest Oil Imports Since 2019
Time: 05/31/2021 09:36:18 Read: 3,939 times {Economical: Al Furat News} A member of the Oil, Energy and Natural Resources Committee in Parliament, Ghaleb Muhammad Ali, revealed that Iraq achieved during the month of April the highest revenue from oil exports since 2019 until now.
In a statement, Al Furat News Agency received a copy, Muhammad Ali said, "Iraq sold its crude oil during the last month (last) at $ 62 a barrel, and sales revenues reached about $ 5.5 billion, which is the highest in the country's revenues since the end of 2019."
And that "this amount when transferred amounts to 8 trillion dinars, in addition to other non-oil revenues, which amounted to a trillion dinars, so the number becomes 9 trillion dinars that entered the Central Bank of Iraq during the past month."
Muhammad Ali explained, "The presence of these sums makes us see the conditions of the Iraqis and the economy better, but what exists on the ground is the opposite. We see that the Iraqi economy is unstable and there is a continuous rise in the exchange rates of the dollar in the markets, which negatively affected the market and thus the life of the Iraqi family." Although there are a lot of revenues generated from the sale of oil. "
He stressed that "the Central Bank of Iraq is not able to control the exchange rates of the dollar, and there is a continuous rise within a few days, which calls for the opening of an investigation by the government about what is going wrong in this bank and the rapid increase in the exchange rates of the dollar and the possibility of removing him from his position and selecting people worthy of this position." Who controls all the money in Iraq. "
A member of the Parliamentary Oil Committee acknowledged that "there are cases of corruption in the central bank, especially in the window of selling the dollar, because the exchange rates amount to 145 thousand dinars for a bill of 100 dollars, while in banking shops it reaches 150 thousand dinars," stressing that "this difference between the selling prices The purchase will be from the share of the parties that will use the people's money in the upcoming elections. "
He explained, "The central bank must adopt a monetary policy whereby it can maintain stable dollar prices as it affects the lives of citizens, and take a stand far from the parties, since it is currently under their control."
On May 27, the Ministry of Oil announced the final statistics of the exported quantities of crude oil and the revenues achieved for the month of April, which amounted to 5 billion 549 million and 517 thousand dollars. The amount of exports of crude oil reached 88 million 398 thousand and 319 barrels, and the average price per barrel reached {62.779} dollars. . LINK
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