Iraqi News Thursday AM 7-8-21
Iraqi News Thursday AM 7-8-21
TLM724 Administrator BondLady’s Corner
Parliamentary committee: reducing the value of the dollar is exclusively the prerogative of the Central Bank and has nothing to do with the house of representatives
Author: Ahad7 On 7/8/2021 - 4:25 PM 29 A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, on Thursday, that reducing the value of the dollar is exclusively the prerogative of the Central Bank and has nothing to do with the House of Representatives.
Cougar said, "The House of Representatives is completely absent and there are no sessions, and that decreasing or raising the value of the dollar is not within the powers of the House of Representatives," noting that "there is no House of Representatives in the current period."
He added that “it is the prerogative of the Central Bank exclusively to raise or lower the value of the dollar, and there is no parliamentary direction regarding the price of the dollar because there is no parliament at the present time.”
And he indicated that "the dollar's exchange rate has been fixed at its current price, and there are no indications of its devaluation in the near or current future."
https://alahadnews.net/214263/%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af/
Economist: We will witness a major crisis next year if the dollar continues at its current price
Pratha News Agency103 2021-07-08 Economic expert Ihsan al-Kinani stressed, Thursday, the need for the government to issue a decision to reduce the value of the dollar before holding early elections, pointing out that continuing at the current price will create a major crisis in the next year, especially since after the elections, the authority will be a caretaker.
Al-Kinani said in a statement to "The Information", "The economic blockade imposed by the current government will not be changed if elections are held and the dollar exchange rate remains as it is now."
He added, "Next year may witness a daily caretaker government, which cannot manipulate the budget items or take a decision to change the dollar exchange rate voted on by Parliament until after forming a new government, and this may be delayed for more than 6 months at least."
Al-Kinani explained, "The dollar exchange rate will exceed the value currently assessed, due to the exploitation of merchants and banks for the presence of the caretaker government, and therefore an economic crisis and a significant rise in prices may be witnessed in Iraq during the next year due to unthoughtful government measures." http://burathanews.com/arabic/economic/395790
Al-Kadhim Adviser: Very Soon, The Implementation Of The White Paper Will Actually Be Announced
Author: Ahad8 On 7/8/2021 - 12:19 AM 105 The economic advisor to the Prime Minister, Alaa Abdul-Hussein, confirmed that the actual implementation of the white paper will soon be announced, while noting that there are central and sub-committees to implement it.
Abdul Hussein said, "Over the past decades, Iraq has suffered from economic problems," noting that "the Iraqi economy has gone through several stages, which made it rentier and dependent on oil."
He added, "There is an increase in population growth by 3% annually, and our resources are limited," noting that "the white paper included analyzing and diagnosing economic problems and identifying effective solutions."
He continued, "We are working with the various ministries to identify projects for the official announcement of the actual implementation of the white paper," stressing, "Very soon, the actual implementation of the white paper will be announced."
He pointed out that "there are central and sub-committees to implement the white paper," noting that "the projects mentioned in the white paper are of a professional, not political, character."
https://alahadnews.net/214119/%d8%a7%d9%82%d8%aa%d8%b5%d8%a7%d8%af/
A slight increase in the exchange rates of the dollar in the local markets
Economie| 12:16 - 07/08/2021 Baghdad - Mawazine News The dollar exchange rates recorded a slight increase on Thursday in the main stock exchange in the capital, Baghdad.
The dollar exchange rate on the Central Kifah Stock Exchange in Baghdad rose today, recording 147,200 dinars, for each $100 bill.
The prices of buying and selling the dollar in banking shops and local markets in Baghdad were relatively stable, as the selling price reached 147,500 dinars for each $100 bill, while the purchase prices amounted to 146,500 dinars, for each $100 bill. https://www.mawazin.net/Details.aspx?jimare=159820
The Central Bank's Sales Of Hard Currency Fell To Less Than 200 Million Dollars
Economie| 01:32 - 07/08/2021 Baghdad - Mawazine News, the Central Bank of Iraq's sales of hard currency fell, today, Thursday, by 6.83 percent.
And the Central Bank auction for the sale and purchase of foreign currencies, today, witnessed a decrease in its sales to reach 191 million dollars and 434 thousand dollars, covering it at a base exchange rate of 1460 dinars per dollar.
The purchases amounting to 172 million and 344 thousand dollars went to strengthening balances abroad in the form of remittances and credits, while the remaining amount of 19 million and 90 dollars went in cash. Ended 29/A 4 https://www.mawazin.net/Details.aspx?jimare=159831
Parliamentary Economy: The Iraqi Stock Exchange Is Money Laundering And Drugs
Pratha News Agency91 2021-07-08 The Parliamentary Committee on Economy and Investment accused the Iraq Stock Exchange, considering it a laundering of stolen money and drugs.
Committee member MP Hamid Al-Moussawi said in a press interview that "the Iraqi stock exchange is a laundering of stolen money and drugs," calling on the government to "form a council to hold the Iraqi stock exchange accountable."
Al-Moussawi added, "All successive and current governments were not serious about recovering the looted money," noting that "some of the smuggled money went to countries that have good relations with Iraq."
He pointed out that "more than 100 billion dollars were seized abroad, some of which were used to support terrorism," noting that "the law submitted by the President of the Republic to recover the money did not achieve anything." http://burathanews.com/arabic/economic/395804
Learn About The Weekly Index Of The Iraqi Stock Exchange
Political | 03:41 - 07/08/2021 Baghdad - Mawazine News The Iraqi Stock Exchange announced, on Thursday, that it organized, during the first week of this month, five trading sessions from Sunday to Thursday.
A statement to the stock market said, "Mawazine News" received a copy of it, that "the number of shares traded this week amounted to more than two billion shares, while the value of shares traded this week amounted to more than (3) billion dinars."
He pointed out that "the trading index in the market closed for the first session of the week at (570.95) points, while the index closed at (568.01) points at the end of the week, achieving a decrease of (0.52%) compared to its closing in the first session."
He continued, "During the week, it executed more than (1600) buying and selling contracts on the shares of companies listed in the market." https://www.mawazin.net/Details.aspx?jimare=159847
The Central Bank Decides To Increase The Allocations To The Housing Sector
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Economy News _ Baghdad Today, Thursday, the Central Bank decided to increase the allocations to the housing sector. And the Central Bank said in a statement received by "Al-Iqtisad News", that "it was decided to increase the allocations for the housing sector to more than (1.9) trillion dinars, including (1) trillion dinars for the real estate bank and about (900) billion dinars for the Housing Fund, to raise their ability to provide funds for the initiative. to the largest number of beneficiaries.
He added, "With this increase, the total amounts allocated to the Real Estate Bank and the Housing Fund amount to more than (3.6) trillion dinars."
Yesterday, Wednesday, Prime Minister Mustafa Al-Kazemi directed bypassing routine and facilitating procedures for granting loans to citizens, while noting that the government had adopted a national project to solve the housing crisis. Views 77 Date Added 07/08/2021 https://economy-news.net/content.php?id=25648
The Central Bank Decides To Increase The Amount Allocated To The Housing Sector To More Than (1.9) Trillion Dinars.
Thursday 08 July 2021 09:09 | Economic Number of readings: 514 Baghdad / NINA / - The Board of Directors of the Central Bank of Iraq decided to increase the allocation to the housing sector to more than (1.9) trillion dinars.
A statement by the bank stated that: The increase includes (1) trillion dinars for the real estate bank and about (900) billion dinars for the Housing Fund, to raise their ability to make the initiative funds available to the largest number of beneficiaries.
This brings the total amounts allocated to the Real Estate Bank and the Housing Fund to more than (3.6) trillion dinars./ https://ninanews.com/Website/News/Details?key=914420
The International Coalition Comments On Launching Attacks Against The Iraqi Government And The Kurdistan Government
The international coalition said that every attack against the Iraqi government and the Kurdistan government undermines the authority of institutions and the rule of law.
In a statement, the coalition stated, "Each attack against the Iraqi government, the Kurdistan Region, and the coalition undermines the authority of Iraqi institutions, the rule of law, and Iraqi national sovereignty.
"These attacks endanger the lives of Iraqi civilians and partner forces of the Internal Security Forces, the Peshmerga and the coalition," he added. https://www.radionawa.com/all-detail.aspx?jimare=25264
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