More News, Rumors and Opinions Tuesday Night 6-8-2021

KTFA:

Deputy: The rise in oil prices calls on the government to take economic measures that serve the citizen

8th June, 2021

Member of Parliament, Representative Fadel Jaber, stressed, on Tuesday, the need to take governmental economic measures, by exploiting the significant rise in oil prices in order to reduce the poverty rate and make the eligible segments fair

Jaber said in a press interview, "Iraq needs a major economic rescue step, especially since many segments suffer from poverty, and this percentage increased after the measures taken by the government during the current year

He added that "the surplus of oil prices should be optimally utilized in order for the citizen to benefit from it, in addition to harnessing it to serve the poor segments of the Iraqi people

Jaber explained, "Oil exceeded the $70 barrier, while the budget decided the price of a barrel of oil at $45, which requires the government to take economic measures to alleviate the burden of the citizen and exploit the surplus of oil imports to solve the current economic crisis LINK

Samson: Parliamentary Economy: The government received $20 billion due to the rise in oil

14:24 - 06/08/2021

A member of the Parliamentary Economy and Investment Committee, Nada Shaker Jawdat, demanded, on Tuesday, the government to prepare a supplementary budget for the current year, according to the funds available to it as a result of the rise in oil prices, noting that preliminary estimates indicate that there are approximately 20 to 25 billion dollars obtained by the government due to the rise in prices. Oil prices, with a review of the exchange rate

Jawdat said in a statement to "Information", that "the rise in oil prices in the global market since October of last year until now has led to the government's financial failure," noting that "preliminary estimates indicate that there are approximately 20 to 25 billion dollars. dollars obtained by the government as a result of high prices.”

She added, "The government, with this financial abundance, is required to prepare a supplementary budget for the current year and reduce the size of the financial deficit in the approved budget for this year."

Jawdat called on the government to “review the decision to raise the dollar’s exchange rate towards the local currency, because it did not achieve its goal, but rather burdened the simple and poor classes with many burdens.”

A member of the Parliamentary Economy Committee, Falah Al-Khafaji, had warned in a previous statement that the political process would manipulate its age if the dollar's rise continued. LINK

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Courtesy of Dinar Guru:

Walkingstick [via Frank26] The World Bank within the last three weeks is constantly talking about the exchange rate of the Iraqi dinar. Constantly the World Bank is telling the CBI please you're a sovereign nation raise the value of your currency. The World Bank talked three days in a row, last Tuesday, Wednesday and Thursday and came out and they stated what? The obvious. Raise the value of your currency CBI...right now the World Bank is carrying the football...What did the World Bank say that the CBI has? They have a mechanism to implement the reforms. What do you think that mechanism is? The mechanism is a new rate...