Iraqi News Thursday AM 7-15-21
Iraqi News Thursday AM 7-15-21
TLM724 Administrator BondLady’s Corner
After Biden's Air Strikes On Iraq And Syria .. A New Resolution From The US House Of Representatives To Cancel The Military Authorization
Posted On 2021-07-15 By Sotaliraq The US House of Representatives Appropriations Committee has approved amendments to repeal the US government's authorization to use military force for 2001 and 2002, the latest step in that effort. This amendment was introduced by Representative Barbara Lee, who commented on the matter in a statement and said, "Now is the time to restore balance to this Constitution, and Congress must take action in this regard."
The move to revoke the mandate has begun since President Biden launched air strikes in Syria last February, as well as strikes on the Iraq-Syria border last month.
Biden cited more than once the second article of the constitution, as a legal justification for these strikes, although these military actions still raise controversy over the authorization of the use of military force.
Last month, the House of Representatives approved a stand-alone bill to repeal the 2002 law, which authorized the Iraq war, two weeks later, the House also approved to repeal the 1991 Gulf War "Military Authorization for the Use of Military Force Against Terrorists" law and a 1957 resolution that granted "authorization of military action against terrorists." extensive military action in the Middle East.
The 2001 bill was passed in the days following the 9/11 terrorist attacks to allow military action, but this law has since been used to justify military action in more than a dozen countries, including Iraq. LINK
The Minister Of Finance Chairs The Session Of The Committee To Prepare The Budget Strategy For The Years 2022-2024
Thursday 15 July 2021 14:25 | Economic Number of readings: 194 Baghdad / NINA / - Minister of Finance Ali Abdul-Amir Allawi chaired today the meeting of the fourteenth session of the committee for preparing the federal general budget strategy for the medium term 2022-2024.
The Ministry of Finance stated in a statement that the National Iraqi News Agency / NINA / received a copy of it: “The session, which was held in the presence of the Prime Minister’s advisors, the minister’s advisor, and the general directors of the ministry and related ministries, is the strategic plan of the Ministry of Labor/Social Protection Authority for the years 2022-2024 related to the requirements for implementing The Social Welfare Development Program with the aim of raising the level of its performance and improving the quality of services provided to a large segment of the Iraqi people, and the report submitted by the Ministry of Health and Environment on the strategic vision for the development of the health and environmental sector for the years 2022-2024..
During the meeting, Allawi stressed the need to focus and redouble efforts and energies towards enhancing and developing the efficiency of health and social care in accordance with international standards, given that the health and social care sectors are among the sectors most closely aligned with citizens.
Allawi stressed giving priority to the implementation of health facilities projects under construction and accelerating their entry into service./ https://ninanews.com/Website/News/Details?key=915848
A Slight Increase In The Exchange Rates Of The Dollar In The Local Markets
Market Economy News _ Baghdad Today, Thursday, the exchange rates of the dollar rose slightly in the local markets. And the selling prices of the dollar recorded 148.250 dinars per $100, while the purchase prices of the dollar were recorded at 147,500 dinars per $100.
And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar. Views 100 Date Added 07/15/2021 https://economy-news.net/content.php?id=25708
Central Bank Sales Of Hard Currency Record 210 Million Dollars
Economie| 02:15 - 07/15/2021 Baghdad - Mawazine News, The central bank's sales of hard currency recorded, today, Thursday, a marked decrease, from the figures recorded yesterday.
Today, the Central Bank’s auction for the sale and purchase of foreign currencies witnessed a decrease in its sales by 6.25% to reach 210 million, and 113 thousand and 114 US dollars, which was covered at a base exchange rate of 1460 dinars per dollar.
The purchases amounting to 179 million and 773 thousand and 114 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 30 million and 340 dollars went in cash. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=160669
Balance Of The National Economy
Thursday 15 July 2021 101 The main task of the balance of the national economy is to express the activation of industrial and agricultural production and the requirements of social services, as a whole, in order to be embodied in the interrelationship between all aspects, elements and stages.
The “balance of the national economy” reflects the distinctive features of the overall process of reproduction in that economy, during a period so that it becomes clear how the total social product of all sectors of the general economy is traded with cash flows (cash liquidity) and the provision of a decent standard of living for the people.
The balance of the national economy is not limited, for example, to securing the correct ratios between the sources of financial resources and their uses (tax proceeds according to the law), but it must balance between financial and natural resources, through the planning proportionality between the indicators of the national income balance and the balance of social product.
The importance of linking and coordinating between the allocations for consumption and accumulation, and the increase in reserves, which appear in the general income balance of the state and society in monetary terms, and between these same allocations that are represented in the balance of social product by means of production and consumption resources in kind.
Placing the different scales of the public economy and coordinating them with each other, allows linking all processes in the development of the economy and saving it from rigid indicators, and the monitoring of the basic sites and ratios in the draft development plan, which the state sets according to the annual budget standards, provides investment opportunities for the leading bodies in addressing the imbalance.
What is happening in the structure of the economic reality, towards achieving the general economic policy of the state and following the right behavior and path.
Therefore, the link between the parts of the national economy and the in-kind scales is used to distribute the factors of production in accordance with the objectives of the government’s policy within the specific plan for the required development in light of the natural and technical possibilities available in Iraq. This is from providing a previous increase in the means of production to fill the consumer shortage.
Immunizing the Iraqi market from the flow of foreign and cheap goods in this way, which lacks quality control controls, is a necessary endeavor to support the national product as it was before.
This is why it has become important to move towards developing plans to structure the balance of the national economy and taking into account the international developments taking place in the economic and political arena with Great interest in the volume of investment, and the current security conditions are the most oriented towards performance, construction and reconstruction, and these are opportunities that can never be overlooked. LINK
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