Iraqi News Wednesday AM 2-17-21
Iraqi News Wednesday AM 2-17-21
TLM724 Administrator BondLady’s Corner
Parliamentary Finance Sets The Date For Voting On The 2021 Budget
Pratha News Agency115 2021-02-17 The Parliamentary Finance Committee set, on Wednesday, the date for voting on the 2021 budget. A member of the committee, Ahmed Hama Rashid, said in an interview carried by the Iraqi News Agency that "the remaining issue in the draft budget law relates to the region’s share."
Pointing out that "the Kurdish component, including the opposition, accept the government text that was agreed upon, but it has not yet been agreed to amend this paragraph or replace it with a new text."
Rashid pointed out that "it is possible to resolve this issue within the next 48 hours, and that the vote on the draft budget law will be held next Thursday or early next week," stressing that "there are positive signs, but no agreement has yet been reached on a final version of the text. http://burathanews.com/arabic/economic/386596
An Economist Calls For A Reduction In The Dollar Due To The Rise In Oil: The Decision Acquired A Quarter Of What A Citizen Owned
Time: 02/17/2021 15:12:08 Read: 2,821 times (Baghdad: Al Furat News) An economist, Bassem Jamil Antoine, said, on Wednesday, that the government took a quarter of what the citizen owned, while he pointed out that monetary inflation weakened the purchasing power.
Antoine told {Al-Furat News}, "The decline in oil prices before Corona paralyzed the economic process in the country," noting that "after Corona treatments were found, economic activity began to recover and the demand for oil began to increase."
He explained, "Oil is supply and demand. When demand occurs, the price increases. We explained at the time of the budget, if oil rises, it will compensate for the deficit." A year, when we add this number, the budget deficit will decrease, and thus there is no need to reduce the ratio of the dinar. "
And he added, "If the dinar continues in this way, Iraq will get differences from the sale of oil to the budget," stressing that "the deficit should decrease and act in a scientific manner to allocate investment clauses, address unemployment, rising poverty rates, and expectations of a higher oil rate than the exchange rate was more than what is addressed Economical. "
Antoine went on to say, "Is it reasonable for the Minister of Finance to ask the central bank to reduce the dinar, wondering? Where is the authority of the Iraqi Central Bank not the duties or rights of the Minister of Finance, as the financial policy is in the hands of the Minister of Finance, the government, and monetary policy is in the hands of the central bank. Over a period of six months, after it reduces 10% on the social and economic classes, the poor classes and the market. "
He concluded by saying, "What happened now is high monetary inflation, so prices rose and became a high economic downturn, weakening the purchasing power because the government took from the pocket of every citizen a quarter of what he owned." LINK
Learn About The Dollar Exchange Rate In The Iraqi Market
Pratha News Agency162 2021-02-17
Exchange offices prices: The sale price of the dollar: 146,500 Dollar purchase price: 145,500
Approximate http://burathanews.com/arabic/economic/386600
The Minister Of Finance Inaugurates The Electronic Comprehensive Application Project In Al-Rafidain Bank
Time: 02/17/2021 10:18:10 Read: 4,160 times {Baghdad: Al Furat News} The Minister of Finance, Ali Allawi, inaugurated the comprehensive electronic bank application system project at Rafidain Bank.
The bank said in a statement that the opening ceremony was attended by the Minister of Finance, Director General of Al-Rafidain Bank and other personalities.
He indicated that this system is a positive initiative in the application of electronic work in the bank, away from the traditional paper-based methods. LINK
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