More Iraqi News Saturday Late PM 2-19-22
More Iraqi News Saturday Late PM 2-19-22
TLM724 Administrator BondLady’s Corner
Al-Sadr’s Dispute And The Minister Of Finance Confuse The Accounts Of The Iraqi Markets
Posted On2022-02-19 By Sotaliraq The “Information” reporter monitored the existence of a state of instability in the markets of the cities of the Kurdistan region, in light of the recent disputes between the Sadrist bloc and Finance Minister Ali Allawi. According to the reporter's monitoring, there is a heavy demand to sell the dollar, while outlets and offices refuse to sell it at the present time, waiting for decisions from Parliament and the Iraqi government.
He added that, the price of the dollar recorded a decline, reaching 146,500 for purchase, and 14,700 for sale, while the Sulaymaniyah Stock Exchange called on citizens not to sell the dollar at the present time. LINK
The Minister Of Finance Explains The Reason For Not Attending The Parliament Meeting: I Will Officially Request A Session
Posted On2022-02-19 By Sotaliraq On Saturday, Finance Minister Ali Abdul-Amir Allawi sent a letter to the House of Representatives in which he confirmed his inability to attend the meeting held to discuss the dollar exchange rate.
Hakim Al-Zamili, the first deputy speaker of the parliament, quoted Allawi as saying, “I would like to inform that I am unable to attend today’s meeting, and I will submit an official request to the House of Representatives to hold a session for a vote of confidence, and I will always be prepared and cooperated.”
Earlier in the day, the House of Representatives held a meeting in the Constitutional Hall headed by Hakim Al-Zamili, First Deputy Speaker of Parliament, to discuss the reality of the dollar exchange rate against the local currency.
The Governor of the Central Bank, Mustafa Ghaleb Makheef, his deputy and a number of officials in the bank attended the meeting, while Finance Minister Ali Allawi and his ministry boycotted the meeting, according to our correspondent.
In his speech during the start of the meeting, Al-Zamili promised the Minister of Finance to question him under the dome of Parliament, and to issue a decision banning him from traveling outside Iraq.
Al-Zamili accused the Minister of Finance of “transferring his losing experiences to the companies he managed abroad to Iraq, saying that he (the minister) “did not provide anything to this country, and contributed to the rise of Iraq’s debts to 27 trillion dinars in just one year.”
He also mentioned that the Ministry of Finance has not sent its financial accounts so far, and has not taken any measures to collect debts with communication companies, smuggled money and aliens.
On Thursday, the Presidency of the Iraqi Parliament announced that it had summoned Finance Minister Ali Allawi and Central Bank Governor Mustafa Ghalib to attend the council building.
The Presidency stated, in a brief statement, that the summoning of financial officials came as a "response" to the directives of the leader of the Sadrist movement, Muqtada al-Sadr.
On Thursday, Al-Sadr presented six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the governor of the Central Bank, Mustafa Ghaleb, immediately.
Al-Sadr’s proposals included, “strongly stopping currency smuggling, looking into the matter of some banks (such as Al-Sharq Al-Awsat, Al-Qabed, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some of the parties controlling the country and people.”
In addition, al-Sadr urged "to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate."
On Friday, the currency market in the city of Sulaymaniyah urged residents not to sell their hard currency, dollars, at a low price.
The market sent a message to the residents, saying, "It is better to be careful and not sell your dollars at a cheap price until the morning of the next day of the Iraqi parliament meeting to see what will happen."
According to the letter, "the market is unstable and prices are unreasonable."
On Friday, an official source in the Iraqi Ministry of Finance strongly ruled out the possibility of changing the exchange rate and reducing the value of the dollar against the dinar because of its negative repercussions on the country's economy, after the demands of the Sadrist movement's leader Muqtada al-Sadr to conduct a review of this file.
The official source said that the change in the exchange rate of the US dollar against the Iraqi dinar came after the drop in oil prices to below 30 dollars per barrel, and the decrease in the financial revenues achieved from selling crude at the end of the year 2020.
He explained that "the exchange rate of the dollar against the Iraqi dinar is fixed and cannot be changed easily."
The source, who asked not to be named because he was not authorized to declare, added that “the International Monetary Fund and the World Bank supported Iraq’s move at its time to devalue the dinar against the hard currency, and any change in the exchange rate without studying will have a negative impact on the financial and economic situation in Iraq.” .
It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar against the dinar in the 2021 budget, to equal every 100 dollars 145 thousand dinars, after it was 121 thousand.
It is worth noting that all the prices of materials and commodities in the Iraqi market witnessed a significant increase, in conjunction with the devaluation of the dinar, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs. LINK
The House Of Representatives Calls On The Judiciary To Prevent The Minister Of Finance From Traveling And Sets A Date For His Accountability
Political | 04:20 - 19/02/2022 Baghdad - Mawazine News, the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, on Saturday, called on the Supreme Judicial Council to issue a travel ban book for the Minister of Finance until the completion of his accountability under the dome of the House of Representatives.
The media office of Al-Zamili stated in a statement, the latter chaired today, an expanded meeting attended by a number of heads of political blocs and parliamentarians, to host the Governor of the Central Bank, Mustafa Ghaleb Makheef, while Minister of Finance Ali Abdul Amir Allawi refrained from attending, to discuss the issue of currency smuggling, the dollar exchange rate and the control of some banks. By auctioning the currency and developing the most effective solutions to reduce its impact on citizens.
According to the statement, Al-Zamili called on the Public Prosecution to “take the necessary legal measures, fundamentally, to prevent the travel of the Minister of Finance, Ali Abdul Amir Allawi, because there are a number of files against him, and until the issue of his accountability is resolved when he appears during this week’s session and questioned him in the event of refusal, holding the Ministry of Interior and the Intelligence Service responsible.” In the event of his leaving the country, he stressed that Allawi's failure to attend Parliament is a dangerous precedent. Suspect
He added, "The presidency and members of the House of Representatives are legally, morally and legally responsible for defending the rights of the people, as they are their representatives," noting that "the request to host the Minister of Finance and the Governor of the Central Bank came with an official request signed by more than 50 deputies, and that this week will witness an emergency parliamentary session. to question the minister.
He noted that "any party that seeks to disrupt the role of the legislative and oversight authority is important, and that work is underway to hold the corrupt accountable, noting that the reform paper presented by Allawi has achieved nothing but harming the people and increasing poverty."
A member of the Presidency instructed, "to form a parliamentary committee to investigate the facts, gather information and follow up on the work of the Central Bank, calling on the government to address the negatives resulting from the change in the exchange rate and the rise in market prices, pointing out that" the House of Representatives will take all necessary measures if the government is unable to do so and will be obligated to use His constitutional powers to treat the effects of this issue.
” The statement added, “During the meeting, many inquiries, questions and proposals were raised by members of the House of Representatives to the Governor of the Central Bank.”
In turn, Mustafa Ghaleb Makheif explained, "the monetary policy of the Central Bank and the reasons that prompted the increase in the dollar exchange rate, and the pledge to hold banks that are out of control and manipulating exchange rates to account. Al-Zamili called on the Central Bank's administration, to "provide the House of Representatives with data, information and periodic reports on currency auctions, And work on evaluating the banking policy in the country.” https://www.mawazin.net/Details.aspx?jimare=185093
In The Document.. Parliament Addresses The Public Prosecution To Ban The Travel Of The Minister Of Finance
Political | 05:26 - 19/02/2022 On Saturday, the Presidency of the House of Representatives demanded that the Public Prosecution prevent the travel of Finance Minister Ali Allawi.
.According to a document issued by the office of the First Deputy Governor, Hakim Al-Zamili, obtained by Mawazine News, "in view of the existence of financial and legal violations related to the Minister of Finance and his refusal to attend, please take the necessary measures and prevent him from traveling."
https://www.mawazin.net/Details.aspx?jimare=185105
Iraq Discusses The Paris Agreement With The United Nations
Deputy Speaker of Parliament Shakhwan Abdullah Ahmed discussed with the President of the United Nations General Assembly Abdullah Shahid international efforts to confront security and health challenges and overcome crises.
This came on the sidelines of the parliamentary hearing at the United Nations headquarters in New York and for the second day in a row, according to a statement.
The Vice President stated that “the latest regional developments were reviewed, especially international efforts to confront security and health challenges, overcome crises, the overall political situation on the Iraqi arena and the continuation of the parliament’s work in the next stage, as well as discussing the Paris Agreement on climate change and monitoring international pledges and agreements in this file.” “.
For his part, the President of the Assembly stressed the keenness of the United Nations and its organizations to support Iraq and its handling of crises and challenges to achieve sustainable development and ensure its stability in the region. https://www.radionawa.com/all-detail.aspx?jimare=28088
The Governor Of The Central Bank Pledges To Hold Banks That Are Out Of Control And Manipulating Exchange Rates To Account
Political Today, 16:24 BAGHDAD - The First Deputy Speaker of Parliament, Hakim Al-Zamili, called today, Saturday, to address the negatives resulting from the change in the exchange rate, while the Governor of the Central Bank, Mustafa Ghaleb, pledged to hold banks that violate the controls and manipulate exchange rates to account.
The media office of the First Deputy Speaker of the House of Representatives stated, in a statement received by the Iraqi News Agency (INA), that "Hakim Al-Zamili, the First Deputy Speaker of the House of Representatives, called on the Public Prosecution to take the necessary legal measures fundamentally, to prevent the travel of the Minister of Finance" Ali Abdul Amir Allawi, because of the presence of A number of files are against him and until the issue of his accountability is resolved when he appears during this week's session and questioned in the event of refusal, holding the Ministry of Interior and the Intelligence Service responsible in the event of his leaving the country, stressing that Allawi's failure to attend Parliament is a "dangerous precedent."
The statement added, "This came while presiding over today, Saturday, February 19, 2022, an expanded meeting attended by a number of heads of political blocs and parliamentarians, to host the Governor of the Central Bank, Mustafa Ghaleb Mikheeb,
while Finance Minister Ali Abdel Amir Allawi refrained from attending to discuss the issue of currency smuggling, the dollar exchange rate and control Some banks auction the currency and put in place the most effective solutions to reduce its impact on citizens.
Al-Zamili stressed, "The presidency and members of the House of Representatives are legally, morally and legally responsible for defending the rights of the people, as they are representatives of it," noting that "the request to host the Minister of Finance and the Governor of the Central Bank came with an official request signed by more than 50 deputies."
He added, "This week will witness the holding of an emergency parliamentary session to question the minister," noting that "any party that seeks to disrupt the role of the legislative and oversight authority is delusional, and that work is underway to hold the corrupt accountable," noting that "the reform paper submitted by Allawi has not achieved anything." Except to harm the people and increase poverty."
A member of the Presidency instructed, "to form a parliamentary committee to investigate the facts, gather information and follow up on the work of the Central Bank," calling on the government to "address the negatives resulting from the change in the exchange rate and the rise in market prices."
He pointed out that "the House of Representatives will take all necessary measures if the government is unable to do so, and it will be obligated to use its constitutional powers to treat the effects of this issue."
And the statement continued: “During the meeting, many inquiries, questions and proposals were raised by members of the House of Representatives to the Governor of the Central Bank, and in his turn,
Mustafa Mukhaif explained the monetary policy of the Central Bank and the reasons that prompted the increase in the exchange rate of the dollar, and the pledge to hold banks that are beyond controls and manipulate exchange rates to be held accountable.”
Al-Zamili called on the Central Bank's administration to "provide the House of Representatives with data, information and periodic reports on currency sale auctions, and work to evaluate banking policy in the country." https://www.ina.iq/149290--.html
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