Iraqi News Tuesday AM 3-30-21
Iraqi News Tuesday AM 3-30-21
TLM724 Administrator BondLady’s Corner
Al-Kazemi on raising the price of the dollar: The decision was taken, and we are starting to see the results
Political| 03:22 - 30/03/2021 Baghdad - Mawazine News, Prime Minister Mustafa Al-Kazemi confirmed, on Tuesday, that the decision of the dollar exchange rate was taken according to a vision and a targeted strategy.
Al-Kazemi said in an interview during the current cabinet session, that "challenges continue in the country due to the nature of the situation, which requires the solidarity and cooperation of all to overcome them."
He called for "staying away from auctions in the issue of the dollar exchange rate, as the decision was taken by the Central Bank according to a purposeful vision and strategy, and we began to see the results on the growth of monetary reserves, and on Iraq's international credit rating."
And, he said, "He looks forward to speeding up the approval of the federal budget law, and the paragraphs it contains that address the needs of the poorest classes, and support service projects that affect the life of the citizen."
On the rise in prices, Al-Kazemi explained: "We instructed the Ministry of Interior and National Security to monitor the rise in prices as a result of the greed of traders." https://www.mawazin.net/Details.aspx?jimare=147672
Parliament Has Not Set A Date To Vote On The Budget
Tuesday 30th March 2021 157 Baghdad: Abdulrahman Ibrahim The Chamber of Representatives was almost empty during the session scheduled for the vote on the draft federal budget bill yesterday, the day before, and its fate became unknown, without setting a new date for its passage.
This scene in the political reality came because of the recent sharp disagreements regarding this law, and according to press statements by members of the Parliamentary Finance Committee, "There are four points on which I disagreed that caused the vote to be suspended."
Committee member Muhammad al-Shabaki revealed that the most prominent of which are some controversial points in Article 11 related to the share of the Kurdistan region, foreign loans, investment projects and the development of regions. .
In turn, a member of the Parliamentary Finance Committee, Sherwan Mirza, confirmed that "the fate of the budget bill has become unknown due to the new differences that have emerged between the parliamentary blocs," indicating that "new disagreements appeared between the parliamentary blocs that caused the budget vote not to take place."
He added, "Some blocs submitted new demands in addition to determining the exchange rate of the dollar and did not reach an agreement between them," noting that "the share of the Kurdistan region has nothing to do with postponing the meeting."
Regarding setting a new date for voting on the budget, Mirza said, "There is no new date for voting on the budget, and the meetings ended without setting any date for the next session."
The MP for the Saeron bloc, Salam al-Shammari, held political blocs that he did not name, responsible for the continuous delay in approving the general budget for the current year.
Al-Shammari said in a statement, that "the continuous delay has harmed the economic and financial situation of the country and its people, and is evidence of the desire of some to weaken the role of Parliament for political and electoral goals."
He added, "Sairoun's alliance with the approval of the budget quickly will never be an obstacle to it as long as it serves the country's situation and improves the condition of its citizens."
Al-Shammari stressed, "the need for the political blocs to be aware that the continuous delay is weakening the parliament and its influential role in particular and the political process in general, and it must accelerate the fulfillment of its duty towards its people."
The leader of the Sadrist movement, Muqtada al-Sadr, warned of the consequences of postponing the vote on the draft fiscal budget for 2021, and advised the blocs to forget their differences and approve them as soon as possible. LINK
Al-Kazemi Directs To Prevent Price Manipulation
Tuesday 30th March 2021 206 Baghdad: Morning Yesterday, Monday, Prime Minister Mustafa Al-Kazemi directed the Ministry of the Interior and the National Security Agency, to take the necessary measures to prevent tampering with the citizens' food and follow the markets, stop the greed of some merchants and follow the markets.
Al-Kazemi also directed, "to support the ministries of commerce and agriculture, to work utmost efforts to prepare flour at reasonable prices." The statement added, "The directive came due to the high prices of locally manufactured foodstuffs, and the attempt of weak souls and some greedy merchants to confuse the social situation, and to exploit the demand of citizens to buy foodstuffs near the holy month of Ramadan, as it happens annually."
In addition, the Prime Minister, during his meeting with a group of notables and people in the city of Adhamiya, listened to the problems and demands raised by the people in the meeting, directing the concerned authorities to follow up and address them as soon as possible. Al-Kazemi stressed the need to redouble service and municipal efforts in the streets and neighborhoods of Adhamiya and all areas of the capital, Baghdad, in a way that alleviates the suffering of citizens and meets their needs. LINK
The Formation Of The Federal Supreme Court Is Complete
Tuesday 30th March 2021 186 Baghdad: Morning Yesterday, Monday, the Supreme Judicial Council announced the completion of the formation of the Federal Supreme Court.
The council stated in a statement that “the judges whose positions are stipulated in the Law Amending Order No. 30 of 2005 (the Federal Supreme Court Law) are all of the President of the Supreme Judicial Council, the President of the Supreme Federal Court, the Chief Public Prosecutor, and the Head of the Judicial Oversight Authority.
They announced the completion of the formation of the Federal Court. Supreme Council and the names of the President of the Republic to issue a presidential decree appointing them ».
The names came, according to the following formation: Judge Jassim Muhammad Abboud - Head of the Judicial Supervision Authority as Chief of the Court, Judge Samir Abbas - President of the Anbar Criminal Court with the position of Vice President of the Court, Judge Ghalib Amer - President of Wasit Court of Appeal as an original member of the Court, Judge Haider Jaber - President The Najaf Appeals Court with the position of an original member of the court, Judge Dr. Haider Ali Nuri - the Judicial Supervisor with the position of an original member of the Court, and Judge Khalaf Ahmad Rajab - Chairman of the Appeals Authority in the Presidency of Salah al-Din Court of Appeal with the position of an original member of the court.
The names also included “Judge Ayoub Abbas Al Waraqa - Managing Director of the Court of Cassation with the position of an original member of the Court, Judge Dr. Abdul Rahman Suleiman - President of the Criminal Court of Dohuk with the position of an original member of the Court, Judge Jassim Jazaa - President of the Sulaymaniyah Court of Appeal with the position of an original member In the court, Judge Adel Abdul Razzaq - President of the Basra Appeals Court as a reserve member of the court, Judge Khaled Taha, President of the Al-Karkh Court of Appeal as a reserve member of the court, Judge Munther Ibrahim - Managing Director of the Court of Cassation with the position of a reserve member in the court, Judge Taher Suleiman - President of the Duhok Juvenile Court as a reserve member The court ». LINK
The Tripartite Summit And Revitalizing The National Economy
Tuesday 30th March 2021 97 Baghdad: Al-Sabah: The economic circles welcomed the preparations for holding the Iraqi-Jordanian-Egyptian summit during the coming period, stressing the importance of openness to the regional environment and its impact on the Iraqi economy, as it is used to properly serve the national economy and partners.
Baghdad Chamber of Commerce member Manar Al-Obaidi said, "Economic circles welcome openness
The countries of the region must restore the regional role of Iraq, and make agreements that lead to the benefit of Iraq and its partners, "pointing out to the economic city to be established on the Iraqi-Jordanian borders, it must take into account several important matters, the most important of which is not an attempt to evade customs tariffs for countries' products that are made. Those repackaged City".
He pointed out the importance of relying on Iraqi labor in this city, and this is the main requirement resulting from the activation of the local product.
Equal distribution
He pointed out that the agreement provides for an equal distribution of exports of the city's economic products to the three countries, not for Iraq to be the only source of import for the city's products, "stressing support for any economic agreement or any industrial project with any country, provided that the hierarchy of this agreement is Iraq first."
He stressed that "Iraq's resources and capabilities, if utilized in the best way, will lead to changing the shape of the national economy and move it to a better stage than on him".
Economic relations
Economic affairs specialist Aqeel Ali Al-Muhammadawi said: "The essence, form and content of international economic and trade relations came at a suitable time to open the horizons for development and investment, and to improve the internal business environment. We believe that it is necessary to focus on ensuring that the economic and trade agreement with Egypt and Jordan is characterized by high dynamism.
" For sustainable economic development, a strong regulatory framework, a wide-ranging organizational structure, and active relations at all levels, the main principles and trends of the interaction between the three countries are reflected in the Treaty of Good Neighborliness, Friendship, Mutual Economic, Trade and Investment Cooperation and Building the Infrastructure Substratum ".
He cautioned, "The need for the economic and trade agreement to include the main issues of economic development (energy, clean energy, green climate, agriculture, irrigation, transportation, safe housing and smart cities, as well as building infrastructure, organizing and developing the business environment, developing the capabilities of the local market and enhancing standards for achieving and enabling quality."
The quality of exportable products, and that Iraq seeks to consolidate and achieve main and subsidiary strategic objectives in this economic and trade agreement, and to strive to achieve and achieve it with high transparency, and for it to be a partnership of equal trust and interaction. The strategist. " LINK
Mechanisms That Prevent Monopoly In The Markets
Tuesday 30th March 2021 95 Baghdad: Morning Member of the Federation of Chambers of Commerce Maytham Al-Bolani confirmed that the decisions banning the import of some products caused the producers to monopolize some goods due to the absence of competition, calling for the adoption of work mechanisms adopted in various regions of the world that prevent monopoly, enhance competition and protect the product the National.
He added, "This measure has caused damage to the consumer, and the markets may, during the next few years, lose their general base of supply and demand on the basis of competition, as some commodities have become required only without being offered by the monopoly producers, and these decisions have affected the family’s standard of living." The public treasury
And he called for "reconsidering the proposal of the Finance Committee, Article 22 c of the 2021 budget, as this article is in violation of the constitution and has a financial benefit, because it will deprive the public treasury of customs duties and product protection fees."
Customs policy
In his turn, the economic expert, Muhammad Ali Jaber, pointed to "the need to follow a customs policy to protect the consumer from monopoly on the one hand and to protect the domestic product from dumping on the other hand," noting that "economic policies require that there be integration in the local market that is achieved through a wise and balanced trade policy." "Between production and import, and followed contexts that preserve local markets, and move away from all forms of monopoly." LINK
Dollar Exchange Rates In The Local Market Today
Market Economy News _ Baghdad Al-Eqtisadiah News publishes the exchange rates of the dollar in local markets on Tuesday (March 30, 2021). The price of the dollar against the Iraqi dinar Exchange offices prices:
The sale price of the dollar is 145,500 The purchase price of the dollar is 144,500
Number of observations 172 date of addendum 03/30/2021
https://economy-news.net/content.php?id=24649
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