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More Iraqi News Thursday PM 10-22-20

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Learn About The Exchange Rates Of The Dollar In The Iraqi Market

Pratha News Agency 81 2020-10-22  The exchange rates of the dollar continued in the main stock markets and local markets on Thursday (October 22, 2020).

Al-Kifah Stock Exchange recorded 125,500 dinars against 100 US dollars, while the exchange rate of the dollar on Wednesday recorded 124,800 dinars per 100 dollars.

Sale price: 126,000 dinars per $ 100.   Purchase price: 125,000 dinars per $ 100.

Parliamentary Finance To Al Furat News: This Is Our Condition For Approving The “Borrowing” Law

Time: 10/22/2020 17:07:29 Read: 455 times  {Baghdad: Al Furat News} A member of the Parliamentary Finance Committee, Majed Adhab, revealed, on Thursday, the condition of approving the fiscal deficit law sent by the government.

“The condition is to change the numbers that were mentioned in the Fiscal Deficit Law, because they are unreasonable and are outside the actual need,” Azab told Al-Furat News.

He stated that “the approval and approval of the law depends on changing the aforementioned amount, which is more than 41 trillion dinars,” noting that “the government often holds Parliament responsible for delayed payment of salaries, and we wonder about the mechanism adopted by the government in distribution away from borrowing.”

It is noteworthy that the spokesman for the Prime Minister {Ahmed Mulla Talal} said that the government cannot disburse salaries without borrowing and accused the House of Representatives of not wanting to give salaries for its refusal to pass the fiscal deficit law.  LINK

The Speaker Of Parliament Receives The US Ambassador

10/22/2020  The Speaker of the House of Representatives, Muhammad al-Halbousi, received today, Thursday, the US ambassador to Iraq, Mr. Matthew Tueller.

The meeting discussed bilateral relations and the strengthening of strategic cooperation between Iraq and the United States according to mutual interests.

During the meeting, the US ambassador affirmed his country’s support for the Iraqi government at all levels to achieve development, security and stability.  The Media Office of the Speaker of Parliament, October 22, 2020  LINK

US Ambassador Al-Halbousi: We Support The Iraqi Government On All Levels

Time: 10/22/2020 15:48:23 Read: 1,131 times  (Baghdad: Al Furat News) Parliament Speaker Muhammad al-Halbousi received, today, Thursday, the US ambassador to Iraq, Matthew Tueller.

“The meeting discussed bilateral relations and strengthening strategic cooperation between Iraq and the United States in accordance with mutual interests,” said a statement from Al-Halbousi’s office, which Al-Furat News received.

During the meeting, the US ambassador affirmed his country’s support for the Iraqi government at all levels to achieve development, security and stability.  LINK

Parliamentary Finance: The Salaries Of The Remaining Three Months Of The Current Year Are Subject To This Condition

Money  and business   Economy News _ Baghdad  On Thursday, the Parliamentary Finance Committee set a condition for voting on the borrowing law, revealing the amount of money in the 2020 budget, confirming that the delay in employee salaries is a dangerous precedent that affected 15 million Iraqis.

Committee member Jamal Cougar said in a press statement, “The parliamentary committee has studied the borrowing law in addition to intensive studies that will be conducted during the next week.”

He added, “The law contains large sums in numbers, as the government’s 8-month budget ranges from 51-53 trillion dinars, and it is not in fact that the budget for a period of 4 months is greater than what was spent in 8 months.”

He stressed that “the Finance Committee is not ready to proceed with voting with these numbers, and we will vote on the law after changing them and setting actual real numbers to fill the deficit.”

He pointed out that “the Minister of Finance, Ali Allawi, linked the payment of salaries and the legislation of the borrowing law, because the ministry is unable to provide it and fill the deficit.”

He explained that “delaying employees’ salaries is a precedent that occurs for the first time and we have not seen it even in the most difficult circumstances, ”indicating that“ delaying salaries did not only affect the employee segment, but also affected all working segments in the Iraqi state and the private sector, and thus about 15 million people were affected by it. ” .  Number of observations 257 Date of addendum 10/22/2020

The Appearance Of Muhammad Salih: The Stability Of The Foreign Currency Depends On The Citizens’ Offers Through The Interaction Of Supply And Demand Mechanisms

Thursday 22, October 2020 15:05 | EconomicalViews: 123  Baghdad / NINA / Economic expert Mazhar Muhammad Salih affirmed: “The stability of the foreign currency depends on the citizens’ offers through the interaction of supply and demand mechanisms.”

In a statement to the Iraqi National News Agency ( NINA ), he said: The supply of citizens in foreign currency or cash dollars, outside the Rafidain window, constitutes a latent supply force that helps to achieve price stability for the exchange through the interaction of supply and demand mechanisms.

“And Saleh added:” There is a regulation issued. A decade ago, the Central Bank of Iraq was approved by the State Council and published in the Iraqi newspaper Al-Waqa’i ’, permitting commercial banks to import monetary foreign currency.

He explained: “This list is under the control and supervision of the Iraqi monetary authority, which makes there is another offer for the cash dollar or any major foreign currency that falls under the name of existing or main currencies and at any time when needed.”

This week, the local market witnessed a clear fluctuation in the exchange rate of the dollar between a rise not seen for quite some time and a decrease that did not reach its previous exchange rate. / End 3

Blow Up By Parliamentary Finance: The Al-Kazemi Government Declared “Bankruptcy”

Economy  Thursday 22 October 2020 | 05:27 pm| Views: 51  On Thursday, a member of the Parliamentary Finance Committee, Ahmed Al-Hajj, considered the statement by the government spokesman that there are no salaries for employees except by passing the borrowing law as a declaration of bankruptcy .

Al-Hajj said in his tweet to him, “If the government’s official statement is correct that salaries are only after the parliament approves the deficit financing law, then it is a declaration of bankruptcy .”

Al-Hajj added, “Or they (the government) want to create a crisis between the government and the House of Representatives to forget the government’s failure and its inability to proceed with economic reforms, and the white paper has become like a barren land that does not grow crops and does not water the cultivation.”

Al-Haddad: Borrowing On The Agenda Of The Parliament Session

Political   Thursday 22 October 2020 | 11:46 a.m.| Views: 101  Baghdad / … Deputy Speaker of Parliament, Bashir Khalil Al-Haddad, confirmed, on Thursday, that the borrowing bill will be on the agenda of the parliament session expected to take place next Saturday.

Al-Haddad said, according to state media, that “there is a request from the representatives regarding hosting the Prime Minister, Mustafa Al-Kazemi and the Minister of Finance, but so far no date has been set for this.”

He added, “It is natural to host Al-Kazemi in Parliament to talk about his government program, and the agenda is subject to setting the hosting date.”

He pointed out that “the parliament session could be held on Saturday, that is, at the beginning of next week, and with the session taking place, the borrowing bill will be on the agenda of the session.”

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