TNT:

Tishwash:  Parliamentary Legal: The House of Representatives can cut off its recess to complete the budget law

The head of the Parliamentary Legal Committee, Muhammad Anouz, revealed the possibility of the parliament cutting its legislative recess if the government completes the draft budget law and sends it to the parliament

nouz said in a press statement followed by The Independent, that according to the constitution, if the budget law for the year 2023 arrives during the legislativeA recess, the House of Representatives can hold an extraordinary session to initiate procedures for approving the budget.

He added, "At the present time, there is no justification for the House of Representatives to cut off its legislative recess because the budget has not arrived, and there is no need for that.  link

Kaseyko1:  Since it's looking more & more like an RI will occur first & then the RV later, just out of curiosity, has anyone heard any rumblings about how the contract rate would work with the RI? Would we be able to ask at that time or have to wait until the full RV?

Annie68:  You know what Tony says.Nothing beats a failure but a try!

Saltair:  Hi Kasey, I think Tony or Ray said that the Contract Rate would not come into being until the full RV. But I agree with Annie....try...!

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CandyKisses:  Rasheed Bank announces the suspension of withdrawals and deposits from savings accounts

Baghdad - Mawazine News

Al-Rashid Bank announced, on Wednesday, the suspension of withdrawals and deposits from savings accounts for the purposes of the annual application.

The bank said, in a statement received by Mawazine News, that “withdrawals and deposits from savings accounts in all its branches will be stopped for the purposes of the annual application, starting from the 22nd of this month, until the second of next month, with the continuation of the usual working hours for all employees of the bank’s branches.”

The statement added, "The bank will resume all its business at the beginning of next year." 

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Tishwash:  Planning: Al-Sudani issued directives to address the effects of changing the exchange rate of the dollar

Today, Wednesday, the Ministry of Planning revealed the issuance of directives from Prime Minister Mohamed Shia Al-Sudani related to addressing the effects of changing the exchange rate of the dollar, while indicating that there was no agreement to change the exchange rate.

The Undersecretary of the Ministry of Planning, Maher Hammad Johan, told the Iraqi News Agency (INA), that "Prime Minister

Shia' al-Sudani issued directives to contain the negative effects of changing the dollar exchange rate by providing job opportunities, addressing minimum wages, protecting the poor and marginalized, and increasing interest in the items of the food basket." .

He added that "the effects of changing the exchange rate are not all negative," stressing that "there is no agreement, whether in the House of Representatives or in the Central Bank, to change the exchange rate."  link

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Tiswhash:  With the rise of the dollar.. the rise in food prices and the markets are empty of shoppers

The exchange rate of the US dollar against the Iraqi dinar is witnessing a continuous and noticeable increase, which led to disruption of commercial activity in the local markets, and contributed to the rise in food and consumer prices, especially in the wholesale markets in the Jamila commercial area in Baghdad

This area, along with the large shurja market, in the Iraqi capital, has become almost devoid of shoppers, which some merchants and economists see as linked to the rise in the exchange rate of the dollar in the parallel (black) markets.

A wholesaler in a beautiful area, Muhammad Abdel-Hussein, told Shafaq News agency, "The rise in dollar prices has definitely affected the prices of foodstuffs, whether rice, flour or vegetable oils," noting that "these materials are imported in dollars, and therefore their sale is also in dollars.”

He added that "the trader is not affected by the rise in dollar prices as much as the buyer is from the owners of retail stores and citizens," pointing out that "the only damage that falls on the trader will be in the lack of purchase quantity as a result of this rise and the hesitation of some to buy because they expect prices to drop in the future, which is What makes a beautiful market almost empty of shoppers today.”

For his part, financial and economic expert Hilal Al-Taan confirmed to Shafaq News agency, "Any rise in dollar exchange rates directly affects the market," noting that "currency and black market traders are present and taking advantage of opportunities in the absence of government control over the markets, and thus this rise It will affect citizens, especially the low-income and poor classes."

Al-Taan pointed out that "this rise affects the market's activity and its movement, because the citizen will avoid buying because of this rise," stressing that "the best solution to reduce dollar prices is the central bank's tendency to sell dollars directly to citizens through widespread bank branches and at specific prices to reduce the gap." between what the bank sells and what is currently in the market.

And the exchange rates of the dollar rose on the main stock exchange in Baghdad to more than 152 thousand dinars for every 100 dollars at a time when the central bank sells one dollar for 1460 dinars.

link

Mot:  ..... UH - OOOOOOH!!!! ~~~~

CandyKisses:  I TRIED TO ACT NORMAL