Iraqi News Monday AM 6-7-21
Iraqi News Monday AM 6-7-21
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Alia Nassif Calls On The Governor Of The Central Bank To Implement A Reform Campaign To Stop Corruption In The Currency Auction
Posted On 2021-06-07 By Sotaliraq Baghdad Now Agency » Alia Nassif congratulates the Iraqi people on the fall of the whale of corruption (former undersecretary of the Ministry of Electricity) in the grip of justice
Representative Alia Nassif warned against the continuation of the subversive role played by the currency auction, indicating that a group of merchants acquires the lion's share of dollar sales and achieve insane profits at the expense of the Iraqi people, calling on the Governor of the Central Bank to implement a campaign to reform and root out spoilers.
And she said in a statement today: “The rise in dollar prices despite the high sales of the daily auction of the Central Bank is caused by the monopoly of dollar sales by three people who own well-known banks, and these get the largest share of dollar sales in collusion with some corrupt.”
And she indicated: “The sales of the Central Bank, for example, for the period from 4/11 to 6/4/2021 amounted to (6162125) dollars (six billion, one hundred and sixty-two million, one hundred and twenty-five dollars) and for 33 working days (excluding holidays and holidays), and it acquired The three merchants got most of these sales, as the first (who owns three banks) got 850 million dollars out of the six billion sold by the Central Bank, the second (a bank owner) got 264 million dollars, and the third (the owner of a Kurdish bank) got 200 million dollars.
Note that these three controlled the currency auction in the last three months of last year, which preceded the rise in the price of the dollar, because they were aware that it would rise, and thus hit their strike and their banks obtained nearly two billion dollars to resell it after raising its price by the state, meaning that they bought The dollar was for 119 dinars and they sold it for more than 140 dinars.”
Nassif indicated: “Since holding these merchants and employees accomplices with them is almost impossible because they are an octopus that extends even to Parliament, to the point that dismissing a minister or dismissing a government is easier than holding them accountable, the alternative solution is for the governor of the Central Bank to implement a campaign to reform and eradicate the corrupt and stop the wheel of corruption In the currency auction in one way or another, and to stop this attrition that destroyed the Iraqi economy, and if it is not stopped, poverty will increase to reach dangerous levels, knowing that the high price of the dollar serves all the corrupt and burdens the poor.” LINK
Economist: The Telecommunications Sector Can Finance The Budget By 4 Trillion Per Month
Economy Monday 7 June 2021 | 09:13 am| Number of readings: 96 Economic expert Wissam Al-Tamimi clarified, on Monday, that the government is far from the telecommunications sector, and did not invest it for its own benefit, pointing out that this sector will spare the country from oil imports and can supplement the budget with a maximum of four trillion dinars per month .
Al-Tamimi said, "Recent statistics indicated that mobile phone companies receive monthly, in total, approximately 6 trillion dinars, while Iraq does not receive any revenue from these companies, except for some taxes and licenses ."
He added, "If the government were able to control the telecommunications sector and the companies operating in it, it would be able to achieve a revenue of up to 4 trillion dinars, during the first years of controlling this sector, provided that it would reach 6 trillion dinars after exceeding the year or calculating the increase in the number of subscribers “.
Al-Tamimi explained, “The telecommunications stream is equivalent to oil or a little less than it, while the telecommunications companies are controlled by political parties and influential figures in the state, and thus the budget deficit continues and the dollar rises due to dependence on the almost only resource, which is oil.” https://aynaliraqnews.com/index.php?aa=news&id22=148296
Parliamentary Finance Reveals To / NINA / Details Of Preparing Next Year’s Budget: No Change In The Currency Exchange Rate
Monday 07, June 2021 16:57 | Economic Number of readings: 43 Baghdad / NINA / - The Parliamentary Finance Committee revealed the details of preparing the draft federal budget law for the next year 2022.
In a statement to the National Iraqi News Agency ( NINA ), a member of the committee, Representative Jamal Kougar, said, "According to the Financial Management Law, the Ministry of Finance must decide on the budget in June and ask all governorates and ministries to submit their budgets to mid-August.
At that time, the ministries of Finance and Planning are supposed to prepare the draft. The priority for the budget law is to be submitted to the House of Representatives on October 15.”
He added, "The government has formed a ministerial committee to prepare next year's budget with the participation of members of the Finance Committee within the budget law's meetings and discussions," noting that "if elections are held on October 10, the next government will arrive until the formation of the new legislative session, assigning the largest bloc and granting confidence to the new cabinet, we will arrive."
Until next March, the discussion of the budget law will be automatically delayed at that time,” calling on the current government to submit the 2022 draft budget and be ready for discussion in the House of Representatives, if the elections are held on schedule and a new government is formed.
And about the possibility of changing the currency exchange rate in next year’s budget, he explained that “the current economic conditions do not allow the government to resort to such an option, and it is the exclusive prerogative of the Central Bank and no one else.”/ Ended 5 https://ninanews.com/Website/News/Details?Key=908651
The Central Bank Issues A Decision On The Dollar
Time: 06/07/2021 09:59:28 Reading: 8,047 times {Economic: Al Furat News} Today, Monday, the Central Bank of Iraq issued a decision regarding the dollar in the country.
A statement said that the agency {Euphrates News} received a copy of it “for the purpose of facilitating the procedures for citizens to obtain foreign currency (dollars) for the purposes of travel, study and treatment abroad. Card}".
And he indicated that the sale via cards will be "at the official price specified by the Central Bank of Iraq." LINK
Dollar Purchase Orders
For the purpose of facilitating the procedures for citizens to obtain foreign currency ( dollars ) for the purposes of travel, study and treatment abroad
The Central Bank of Iraq announces that all their requests to buy dollars for the above purposes are met by feeding electronic payment cards ( Master Card and Visa Card ) at the official price set by the Central Bank of Iraq. Central Bank of Iraq June 7, 2021 https://cbi.iq/news/view/1743
The Central Bank Feeds Electronic Payment Cards At The Official Rate Of The Dollar
Monday 07, June 2021 10:18 | Economic Number of readings: 382
Baghdad / NINA / - The Central Bank of Iraq announced, today, Monday, that it will meet all requests for buying dollars for the purposes of travel, study and treatment abroad by feeding electronic payment cards (MasterCard and Visa Card) at the official price set by the bank./End of 8 https://ninanews.com/Website/News/Details?key=908562
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