TNT:

Tishwash:  Shock of the dollar again .. Why can't Parliament change the price ?against the Iraqi dinar

The leader of the Al-Fateh Alliance, Fadel Al-Fatlawi, confirmed today, Saturday, that changing the exchange rate of the dollar against the Iraqi .dinar is linked to the draft budget draft for the year 2022

Al-Fatlawi said, to (Baghdad Today), that “changing the dollar exchange rate against ."the Iraqi dinar is linked to a draft budget draft. year 2022

He added, "This matter is proven in the draft law by the Council of Ministers, and Parliament does not have the right to make any change to the dollar exchange rate, ".as well as the price of selling oil, as this is the prerogative of the government

And Al-Fatlawub, that "the change in the exchange rate of the dollar against the Iraqi dinar will be through the new cabinet, and the parliamentary blocs should work on ".this matter through the presence of their representatives in the Council of Ministers

He stressed that "Parliament does not have the authority to do so, and that is why it passed the previous price in the previous parliament, despite the parliament's ".reservations about it, but it is binding because it came from the government    link

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Tishwash:  Exchange offices demand the central bank determine its position on the exchange rate: rumors confused the market

The owners of exchange offices in Baghdad confirmed today, Sunday, that they have expanded the difference between buying and selling to ten figures, and while they demanded the Central Bank to determine its position on the process of changing the price of the dollar, an economist considered that the fluctuation in the price of the dollar led to a stagnation in the markets.

Muhammad Hussein, the owner of the Fez exchange office, said in an interview with Shafaq News Agency, "What is currently happening with regard to the process of buying and selling the dollar is just jurisprudence, even for the major stock exchanges, and these jurisprudence is driven by rumors that in turn confused the market," noting that "what is happening of dollar sales belong to the citizens. Those who fear that the dollar will fall more, and not the exchange companies, as a result of rumors that indicate a decrease in the dollar.”

He added, "Some companies have stopped and refrained from buying or selling operations, while some other companies are immunizing themselves by setting a difference of 10 digits (tiger) between selling in relation to the stock price and ten digits between buying in relation to stock exchange prices after it was limited to five. numbers".

for his part; The owner of Al-Yaqin exchange office said in an interview with Shafak News Agency; “There is great confusion in the processes of buying and selling the dollar, and this confusion affected the work as a result of the Central Bank selling the dollar to offices through auction at a price of 146000 dinars per 100 dollars, while what is currently available from the price in the markets is 144500 dinars per 100 dollars, which is less Much more than bank rates.

He pointed out that "the market will remain in a state of confusion as a result of the existence of these rumors," calling on "the Central Bank to speak publicly by defining its position on changing the price of the dollar or not, or determining a specific time for changing the price of the dollar."

for his part; The economic expert, Hilal Al-Tahan, said in an interview with Shafaq News Agency, "The calls to reduce the exchange rate led to fluctuation in exchange rates, and therefore there is no buying of the US dollar at the present time, and I expect that there will be more decreases, and those who own dollars are trying to sell the dollar in any way for fear of loss."

Miller added; "The fluctuation will lead to an economic stagnation in the market, and consequently, the buying and selling operations will decrease, not only the dollar, but even residential houses, lands, goods and services," noting that "the citizen is waiting for the matter to be finally resolved by the government through the 2022 budget." 

He pointed out that "the increase in the dollar's exchange from 120 to 145 thousand dinars compared to 100 dollars during the 2021 budget and the use of the shock method in dealing with the conditions of the Iraqi economy had a great impact on the rise in prices in the markets, where the exchange rate rose by nearly 25 percent, but the prices of goods Some of them rose to 100 percent and even 150 percent," noting that "this is due to the greed of some merchants and the government's lack of control over the markets, which affected the poor and even middle class of employees."

Miller emphasized; That "the arrival of financial surpluses after the rise in the price of oil globally began, there were calls to reduce the exchange rate of the dollar, which are realistic and correct calls, as this rise cannot continue after most of the people were affected by that, with the improvement of the financial situation and a good economy for Iraq."

It is noteworthy that the exchange rates of the dollar witnessed a decrease with the presence of calls to reduce the prices of the dollar with the improvement and the rise in oil prices, so that the Baghdad Stock Exchange recorded this morning, Sunday, 14500 dinars against the dollar, and the owners of the exchange offices worked hard in selling the dollar and the lack of clarity about the government’s direction to reduce the price of the dollar or not. link

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Tishwash: Details of the parliament session on dollar exchange rates and currency smuggling

Today, Saturday, the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, called on the judiciary to issue a travel ban book to the Minister of Finance until the completion of his accountability under the dome of Parliament, stressing that Allawi did not .attend the parliament session, a dangerous precedent

The Media Department of the House of Representatives said in a statement received (Baghdad today) that "the First Deputy Speaker of the House of Representatives, Hakim Al-Zamili, held an expanded meeting, which was attended by a number of heads of political blocs and representatives, to host the Governor of the Central Bank, Mustafa Ghaleb Makhi, while Finance Minister Ali Abdul-Amir Allawi declined to attend." To discuss the issue of currency smuggling, the dollar exchange rate, and the control of some banks in the currency auction, and to develop the most effective .solutions to reduce its impact on citizens

Al-Zamili demanded, according to the statement, "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 in the event of refusal, holding" the Ministry of Interior and ".the Intelligence Service responsible in the event leaving the country

Al-Zamili stressed that “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 a parliamentary session. An emergency questioning of the minister,” noting 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

He pointed out that "the reform paper presented by Allawi did not achieve anything except harming the people and increasing poverty," stressing that "Allawi's failure to ".attend Parliament is a dangerous precedent

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," noting 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 that "during the meeting, a lot of inquiries, questions and proposals were raised by the members of the House of Representatives to the governor of the Central Bank, and in his turn, Mustafa Makhhib explained the monetary policy of the Central Bank and the reasons that prompted the rise 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 Administration to provide the House of Representatives with data, information and periodic reports on currency sale auctions, and to work on ”.evaluating the banking policy in the country   link

Mot:  -- Are We There Yet!!??? ~~~

 Mot: Good morning