More Iraqi News Thursday PM 6-10-21
More Iraqi News Thursday PM 6-10-21
TLM724 Administrator BondLady’s Corner
Parliamentary Economy: The Rise Of The Dollar Broke The Back Of The Citizen, And The Government Must Intervene
Time: 06/10/2021 14:06:23 Reading: 1,664 times {Economic: Al Furat News} The Parliamentary Economy and Investment Committee warned of the repercussions of the continued rise in the dollar exchange rate in local markets. Committee member Nada Shaker said in a press statement, "The rise in dollar prices in the Iraqi markets broke the back of the citizen," stressing that "the government has to control the markets and prevent the rise in commodity prices."
She added, "The government and the political blocs that approved raising the price of the dollar at the end of last year bear the responsibility for stabilizing the markets," noting that "the exacerbation of prices generates many problems for citizens."
Shaker confirmed, "The House of Representatives had previously requested to host the Central Bank Governorate against the background of raising the price of selling the dollar to banks to 1460 dinars, but some blocs did not support the step," pointing out that "the efforts to interrogate the Minister of Finance in the House of Representatives during the previous period did not succeed for the same reason." .
The exchange rate of the dollar rose against the dinar in the currency markets in the regions of Kurdistan and Iraq, in an unprecedented way, as it exceeded more than 1500 dinars. LINK
The Dollar And Starving The People
Dr. Nazim Al-Rubaie101 2021-06-09 The local markets witnessed a new rise in the exchange rate of the dollar against the Iraqi dinar, as the value of one dollar reached 1051 dinars per dollar, with a clear difference from the price set by the Central Bank, which is 1450 dinars per dollar.
As well as Erbil, and in the event that the rise continues in this unexpected way, this means that the exchange rate will reach in the coming days to 1600 dinars per dollar, which makes the Iraqi dinar drop to its lowest level in fourteen years, which has a negative impact on the lives of poor citizens and perhaps poor families will return In the coming days, to what she suffered under the previous regime, in which she sold the most precious and precious, until it came to selling the windows of the houses and the iron of Al-Suleiman for the upper floors of her homes to fill her life.
Today, we live in the era of false democracy and the many influential parties that shared the power of Parliament and the government, from which we obtained nothing but false promises, and none of them were implemented. Rather, the poor became poorer and the economic conditions deteriorated dramatically as they cling to power for their own interests only. Which you release before the elections to mislead the simple voter with racist promises that do not get fat and do not sing from hunger
This abnormal rise in the exchange rate of the dollar has not yet been provided by the competent government authorities for it. The currency to maintain the cash reserve, as the days have proven false and invalid, as the Central Bank’s sales of hard currency increased in numbers that exceeded previous figures before the dollar exchange rate was raised. It caused the depletion of hard currency and reduced the central bank's reserves of that currency, in addition to money laundering and smuggling outside Iraq
The reason for this unprecedented rise in the dollar exchange rate is a sharp rise in the prices of goods, foodstuffs and others
Markets and commercial centers have almost been emptied of shoppers for several days due to this abnormal rise to confuse the market, which prompted the Ministry of Planning to announce an increase in the poverty rate in Iraq, which reached 28% due to the increase in prices, goods and services with no government oversight or treatment Real market conditions or the existence of strict control over the work of private banks and exchange companies that manipulate prices according to their interests without any oversight or accountability because they are affiliated with political parties and influential parties that have their well-known agendas,
especially when we are at the gates of the early elections that need huge sums to be spent as electoral propaganda, buying votes and slandering some Corrupt, these reasons are what push those influential figures to increase the exchange rate of the dollar.
Therefore, this unjustified rise, which coincided with the rise in the price of a barrel of oil to 72 dollars, will push the Iraqi street to explode again in the face of the government and all the political class because of what Citizens are going through very difficult economic and living conditions, which leads to humanitarian and economic disasters on the entire Iraqi society, especially with the high rate of poverty and the increase in the proportion of the unemployed in large proportions, especially
And that the current economic situation does not allow the continuation of the dollar exchange rate in this dangerous and accelerating manner, which will have major and dangerous repercussions, including the return of popular demonstrations and the increase in crime rates in Iraqi society after the spread of poverty and unemployment among young people with the lack of job opportunities in the government and private sectors, in addition to That the dollar sales in the currency auction did not decrease as the government claims,
but rather increased from the previous and in frightening numbers, and consequently the percentage of poverty and the poor among those with limited income from the segment of employees, retirees and workers in the private sector increased due to the decline in their monthly income as a result of the change in the exchange rate of the dollar and the depreciation of the dinar value on the one hand and on the other hand. Others Increased prices of materials, goods, medicines and basic commodities in local markets
Are those who stand behind the rise in the exchange rate of the dollar, especially the government and crisis dealers among politicians and owners of banks, aware of the seriousness of what they did to increase the exchange rate of the dollar, which has become a sword hanging over the necks of the poor, slaughtering them from vein to vein and making them poor with the intention of humiliating and starving them, or are there quick and urgent solutions that you will take The government to save the citizens and the country from an unknown future before it is too late http://burathanews.com/arabic/economic/394065
More Than $20 Million In Iraq's Frozen Funds Returned
Posted On 2021-06-10 By Sotaliraq Baghdad: Muhammad Al-Talbi The Parliamentary Integrity Committee estimated Iraq’s frozen funds abroad to exceed one billion and 417 million dollars, noting that the process of returning them requires serious government action, while revealing that more than 20 million dollars of frozen funds outside Iraq have been returned to Arab and European banks since 2003 .
The committee's rapporteur, Abdul Amir Al-Mayahi, told "NAA": "The committee is following up the file of returning the smuggled funds directly with the Recovery Department of the Integrity Commission." LINK
The Appearance Of Muhammad Salih To / Nina /: The Rise In Oil Prices Will End The Borrowing For The Current Fiscal Year
Thursday 10 June 2021 10:39 | Economic Number of readings: 337 Baghdad ( NINA ) - Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed: "In this fiscal year, Iraq does not need to borrow to finance the deficit, if oil prices continue until the end of the year, approaching 70 dollars per barrel."
Muhammad Salih said in a statement to the National Iraqi News Agency ( NINA ): "Iraq will only need to withdraw from old loans related to projects that are currently being implemented within international financing programmes, especially with the World Bank, the European Union, Japan and others."
He added, "The amounts of these annual loans are limited in the budget, and do not exceed 15% of the total investment allocations in the 2021 federal general budget, which all amount to approximately 29 trillion dinars."
The price of Basra oil recorded a noticeable increase in the recent period, exceeding $70 per barrel. / End 3 https://ninanews.com/Website/News/Details?Key=909162
Dollar Exchange Rates In Local Markets
Market Economy News _ Baghdad Today, Thursday, dollar prices recorded a new unprecedented rise in the main stock exchange in Baghdad and banking shops.
The exchange rate of the dollar on the Al-Kifah and Al-Harithiya Central Stock Exchange in Baghdad reached 150,300 Iraqi dinars, compared to 100 US dollars, and it was recorded yesterday 150,000 dinars.
And the selling prices in money exchange shops in the local markets in Baghdad rose to 150.750 Iraqi dinars, while the purchase prices reached 149.750 dinars per 100 US dollars.
Views 90 Date added 10/06/2021 https://economy-news.net/content.php?id=25368
The Central Bank Decides To Increase The Allocations For The Housing Sector And Cancel Its Interests
Time: 06/10/2021 09:18:07 Reading: 2,730 times {Economic: Al Furat News} The Central Bank of Iraq announced, on Thursday, an increase in the allocation to the housing sector, to more than 1.9 trillion dinars.
A statement by the bank’s media office, which {Euphrates News} received a copy of, stated that “the Central Bank of Iraq announced an increase in the allocation to 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 make the initiative funds available to the largest number of beneficiaries.
The statement added: "This brings the total amounts allocated to the Real Estate Bank and the Housing Fund to more than (3.6) trillion dinars," adding: "The Central Bank also canceled the interests on previous loans, both with current loans and with a repayment period of (20) years, and only an administrative commission."
The statement pointed out that "the Central Bank of Iraq, in coordination with the Higher Committee for Lending, has previously canceled the interest on loans granted by the Real Estate Bank and the Housing Fund within its initiative for the purpose of buying housing units inside and outside investment housing complexes and loans for building housing units and only simple administrative commissions." LINK
The Ministry Of Oil Stresses The Need To Complete Investment Projects To Support The National Economy
Time: 06/10/2021 12:08:56 Reading: 1,131 times {Economic: Al Furat News} The Ministry of Oil stressed, on Thursday, the need to complete investment projects to support the national economy
Oil Minister Ihsan Abdul-Jabbar Ismail chaired an extraordinary meeting of the opinion board, during which the ministry’s major strategic and investment projects and plans were discussed, plans to develop oil fields were reviewed, and projects were completed in support of the national economy, according to a ministry statement.
"During the meeting, the minister stressed the importance of proceeding with the implementation of major projects that contribute to the sustainable development of the national economy, especially in the field of gas investment and liquidation projects that the ministry is working to implement through the national effort or through cooperation with international companies."
The plan of major projects for the Basra Oil Company in the field of developing storage and export capabilities was discussed, as well as the integrated gas collection project through which gas is collected and refined from the fields (Al-Touba, Al-Luhais, Artawi, Majnoon) and projects related to this major project, the most important of which is the development of the Artawi field and the construction of water facilities Central and infrastructure.
The Minister and members of the opinion board listened to an explanation given by the Executive Director of Basra Gas Company “Malcom” regarding the financial business plan to develop the work in the company for the year 2021, which includes the addition of (NGL) units during the years 2022-2023 in addition to the plans for collecting and exporting gas, stressing the need to develop work in The company by investing all capabilities to increase production to provide gaseous fuels for electric power plants and petrochemical industries.
The meeting also listened to the presentation made by the Chinese company CPECC regarding a gas project in favor of the Maysan Oil Company, which is the first of its kind in the province, and the mechanisms for expediting the technical and commercial decisions of the project.
During the meeting, important projects in the liquidation sector were reviewed, including the follow-up to the completion of the Karbala refinery project in the Central Refineries Company and the FCC project in the South Refineries Company, and it was emphasized the need to complete according to the prepared plans. LINK
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