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Don961: Customs: Automating our procedures according to the ASYCUDA system will affect the development of the Iraqi economy

Economie| 07:00 - 28/11/2020 Baghdad - Mawazine News

The General Customs Authority announced, on Saturday, that the automation of its procedures according to the global AsyCoda system will be reflected in the development and development of the Iraqi economy.

The authority stated in a statement that Mawazine News received a copy of, that it is "urging steps and exerting great efforts to finalize the project of computerizing customs procedures according to the global ASYCUDA program in cooperation with the United Nations Conference on Trade and Development (UNCTAD)."

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Ross: It seems like most of the time the Cabinet and Parliament are at odds. Now Parliament is urging the "full" implementation of the White Papers (including the adjustment requested by the BIS?) and "Parliamentary Finance issues a package of reforms that includes imposing a value-added tax and reviewing the dollar exchange rate" and further "the reform paper also focused on the Ministry of Finance, in coordination with the Central Bank, to issue an electronic dinar for the purpose of collecting government revenues and deserved tags, reviewing the exchange rate against the dollar, deleting zeros ..."

IMO the cat is out of the bag and Parliamentary Finance wants to get in on the credit instead being the opposition. When the 2021 Budget is discussed next Tuesday surely the rate will be exposed to the Cabinet members in attendance.

Wondering how long all this can be kept a secret from the populace ? Also, normally one would expect the RI/RV to not be disclosed until the last minute to avoid a rush in IQD acquisitions by whales but nothing seems normal re Iraq. Hopefully this moves the goal post somewhat closer.

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Don961: Parliamentary Finance issues a package of reforms that includes imposing a value-added tax and reviewing the dollar exchange rate

11/28/2020

Economy News - Baghdad:

The Parliamentary Finance Committee issued proposals to address the financial crisis in Iraq, which included reviewing the exchange rate of the dollar against the dinar, establishing a national telecommunications company and imposing a value-added tax.

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Don961: The economic reform movement is "the most serious" ... Iraq seeks to "sell things" at about $ 5 billion to "citizens": there is no alternative to solving the financial crisis!

2020-11-27

He noted: “The Ministry of Finance seeks to offer bonds worth 3-5 billion dollars to citizens in dinars and dollars, and we expect private and government banks to buy them.” Indicating: “The exchange rate of the dinar against the dollar will be fixed when issuing bonds, in order to avoid any losses in Buying bonds by banks and citizens.

He adds that the matter depends on knowing the extent of the global companies ’response, and whether there will be an impact on the global market and the interests of the producers in the event that it is adopted as a broader selling policy, and therefore the results are governed and not the idea alone, and we must wait for the next fiscal year and follow the experience carefully.

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Ross: The 2021 budget has not been finalized by the Kadhimi Cabinet and they plan to work next Tuesday to complete that task and be in a position to submit same to Parliament:

"Minister of Culture Hassan Nazim announced, Tuesday, that the next session of the Council of Ministers (Cabinet) will be devoted to the budget law only.

He added that "the next cabinet session will be devoted to discussing the draft budget law only..."

IMO this is the next step in preparing the 2021 budget to be sent to Parliament and the postponing of Parliament's next meeting to 12/05 has nothing to do with this meeting next Tuesday. I reserve the right to be wrong. Lol

MilitiaMan: My thinking is in line with yours.. Thanks for sharing..

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DELTA: In the presence of His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb, the respected members of the House of Representatives, the Iraqi Economic Council held a special seminar to provide support to the private sector, discuss the challenges and develop appropriate solutions that facilitate the procedures.

Jaime-O: SO PLEASE TELL US THE SIGNIFICANCE, IF ANY, OF THIS.

StephenMac63: It's the governor of the CBI having a meeting along with respected members from the house of representatives and the Iraqi Economic Council was there also and they spoke about providing support to the private sector, even talked about different challenges and came up with possible solutions for various problems if they arise.

Oh wait, thats what the article says....ok, it was like one big giant Chamber of Commerce meeting with super duper economic big shots and they were discussing how to make the markets in iraq successful...imo

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Samson: Cabinet: Next week’s session will discuss the 2021 budget LINK

DELTA: FROM FA )Final Articles) ...THAT'S WHY 2021 IS SO IMPORTANT ....

"the final decision on this issue will be decided in the draft federal budget law for the country for the year 2021," noting that "the details of this approach are not clear features regarding the price of the reduction."

The Financial Committee of the Iraqi Parliament commented, Thursday (July 2, 2020), on news that there are possible intentions to change the exchange rate of the dollar against the dinar within the anticipated financial reform law. DELTA

Godlover: I agree 100% imo. Articles made it clear their intentions with the 2021 budget for several months imo. I also agree that with the reforms in the 2021 budget, that a rate is needed imo. I just pray to God they get this budget sent, read, signed into law & opened early next year!

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Zeeman: what ever happened to the white papers and kazemi and the fab4 after he left washinton? i thought it was a done deal with the cbi. can someone explain thanks

MilitiaMan: The white papers look today to have signs of partially being implemented, which, suggests things are underway, we just are not yet privy to the details. Imo

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MilitiaMan: Interesting time this is for.. I suspect that the conditions that Iraq is to emerge from have been the bedrock of deals being done with Saudi Arabia, AMF, G7 et al... imo ~ MM

Samson: Plasschaert will brief the Security Council on developments in Iraq next Tuesday

11/22/2020 15:03:59

The representative of the United Nations in Iraq, Jenin Blasharat, will brief the UN Security Council on the country's developments next Tuesday.

UNAMI's statement, of which {Euphrates News} received a copy, stated that Plasschaert "will provide a briefing at the UN Security Council session on developments in Iraq and the United Nations Assistance Mission for Iraq (UNAMI)."