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Samson: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers

17th September, 2020

The economic expert, Salam Sumaisem, said that the government is now obliged to reduce the value of the Iraqi dinar against the dollar in order to obtain greater quantities of Iraqi money against the dollar without printing more and thus preserve the currency from collapsing.

In an interview with the "obelisk", Sumaisem said that in the pre-2003 era, the currency was printed without cover and in large quantities, and it was reduced without a balance. Today, it can be reduced with a balance, indicating that this reduction increases the amount of exports because it pays people who They import from abroad to the demand for local goods, which will lead to a devaluation of the currency and the demand for it becomes more.

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DELTA: Central Bank of Iraq (CBI). Mustafa Ghaleb has been named the CBI’s new governor after long service as its head of legal affairs.

A nonpartisan figure with a history of resisting political pressure, he will now take the lead on implementing bank reforms and protecting the dollar auction process against interference from Iran, militias, and other corrupt actors.

Pastor: Oh Buddy... If I recalled right, did Frank say replace the CBI governor replace the rate? Well, dippity do dah Read this post. IMO

JJimmyJJ: Imo In case anyone was confused, the official policy of the Central Bank of Iraq, as specified by the Governor of the Central Bank, is to raise the value of the national currency.

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MilitiaMan: The 2020 budget is not off the table yet, imo. The cannot legislate (enact) it yet. It is not to be looked over. It has a purpose with it. We won't see anything in 2021 with out this year.

Next year is what will come after this year is sorted.

Notice the mention of the PRESSURE from parties and the STREET! They have it slated for later the Cabinet to finish this week and then the Parliament will see it next week.

Well later this week could be from now through Saturday, next week starts Sunday. All to be done within or over the legislative time frame of a two week period.

They already have had one special session on it already. Most likely imo the 2019 FMLA is inside it, thus, it is being timed accordingly.

Lets not forget the electronic systems to be in place at the Borders and the GOI. They need to fire once they decide to go international or expose a new exchange rate.

They will need to be transparent. Thus, we see the adjustments being made to personnel at 8-9 key places. They include the CBI. All still looks very promising.. imo.. ~ MM

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Samson: Integrity announces a recruitment and travel ban for the governor of Kirkuk, and arrest warrants for 23 employees

15th September, 2020

The Federal Integrity Commission revealed the issuance of an import order and a travel ban for the governor of Kirkuk and the director of school buildings in the governorate, while it indicated that arrest warrants had been issued for (23) employees in the case of establishing schools in a pre-built method in the governorate.

The Investigation Department of the Commission, and in its discussion of the details of the case, reported that the Investigation Court for Integrity Issues in Kirkuk had issued an order to summon the Governor of Kirkuk and the Director of School Buildings in the Governorate, in accordance with the provisions of Article (340) of the Penal Code.

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Samson: Al-Kazemi chairs the special session of the Council of Ministers to discuss the budget law

13:28 - 14/09/2020

Today, Monday, Prime Minister Mustafa Al-Kazemi chaired the extraordinary session of the Council of Ministers to discuss the fiscal budget law.

The Prime Minister’s Office is scheduled to announce the meeting’s decisions later today.

And the General Secretariat of the Council of Ministers announced earlier that it had received the draft budget for 2020.

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Samson: The Minister of Finance and the US ambassador discuss strengthening mechanisms for economic and financial cooperation

13th September, 2020

Today, Sunday, Minister of Finance, Ali Allawi, discussed with the US Ambassador to Baghdad Matthew Toller the strengthening of the economic and financial cooperation mechanism.

The media office of the Minister of Finance said in a statement that Mawazine News received, a copy of it, that “Finance Minister Ali Allawi met today 9/13/2020 at a library in Baghdad with the US ambassador to Iraq,” pointing out that “during the meeting, mechanisms were reviewed and discussed. Strengthening economic and financial cooperation between the two countries."

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Samson: $297 billion ... The Global Bank Budget For "Artificial Intelligence" In 2021

12th September, 2020

A report by "Business Insider" said that artificial intelligence technologies in the field of finance include everything from voice assistance to fraud detection and task automation, as 80 percent of banks realize the benefits provided by artificial intelligence, which makes banks Al-Alamiah is moving to raise its technology budget to $ 297 billion by 2021.

According to the US economic site, with pressure from tech-savvy consumers, artificial intelligence is being applied by financial institutions through every financial service, such as personal finance, and one of the examples is Capital One's Eno, which predicts customer needs and also alerts them about suspected fraud or high The price of subscription services.

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Samson: Shankali: Iraq will witness an economic collapse .. The distribution of salaries is not an achievement

12th September, 2020

The leader of the Kurdistan Democratic Party, Majid Shankali, confirmed, on Saturday, that Iraq will witness an economic and financial collapse within a short period.

Shankali said in a tweet on Twitter: "The 2020 budget deficit is close to 81 trillion dinars. If the situation continues in this way, Iraq will witness an economic and financial collapse within a short period."

He added, "The sale of oil and borrowing to pay salaries and expenses cannot be called government achievement. Reform requires the radical eradication of corruption and not a conservative treatment of its complications." LINK

Ryan1216: Iraq has to very quickly raise the value of the IQD….imo

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Samson: Parliamentary Finance expects a delay in disbursing salaries and warns against "implicating Iraq" with borrowings

09/10/2020 14:51:20

The Parliamentary Finance Committee expected, on Thursday, a delay in paying employees' salaries for the remaining months of the current year 2020, while it warned against implicating Iraq with borrowings.

"The government is working to provide salaries, and in general there are problems that face providing them, especially with the anticipation of approving the budget, but in the first and last the salaries will be provided with the possibility of a few days delay," said a member of the committee, Faisal Al-Issawi, in an interview with Al Furat News.

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Godson: The 10th of THIS month is approaching Delta (today) hope we see something good... Imo

Cleitus: FedNow..., on the launch pad. Firing the engines will be interesting to watch!

Samson: The House of Representatives has finished reading two laws and addresses an oral question to the Finance and Planning Ministers

09/08/2020 19:04:07

The House of Representatives in its third session of the fourth parliamentary session of the third legislative year of the first legislative term, which was held under the chairmanship of Muhammad al-Halbousi, Speaker of the Council, ended on Tuesday the first reading of two laws, while he was briefed on the opinion The Ministers of Finance and Planning, after directing an oral question to them about the economic reform paper included in the domestic and foreign borrowing law.