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Iraqi News Sunday AM 2-6-21

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Economic: Parliament Cannot Change Oil Prices And The Dollar In The 2021 Budget

02/06/2021  Information / Special …An economist, Bassem Antoine, confirmed, on Saturday, that the 2021 budget is moving towards a vote, and Parliament cannot amend the exchange rates of the dollar or sell oil.

Antoine said in a statement to the “information” agency, “It is not within the powers of the House of Representatives to change and amend exchange rates and oil prices, whether the prices are high or low, as these are the exclusive powers of the government.”  He added, “After the central bank approved the new exchange rates in agreement with the government, the budget numbers are not subject to amendment and cannot be challenged by Parliament.”

In a related context, Antoine emphasized, “The decrease or lack of central bank sales is a reflection of the changes that occurred in the exchange rates of the dollar, which pushed the merchant and the citizen to not risk and engage in new trade in light of the economic transformations of the Iraqi market.”

https://www.almaalomah.com/2021/02/06/519200/

Parliamentary Finance: We Have Reached The Final Stages Before The Vote On The 2021 Budget

Saturday 06, February 2021 15:39 | Economical Views: 231  Baghdad / NINA / The Parliamentary Finance Committee announced that it had reached the final stages before the vote on the 2021 budget.

The committee stated: “It has accomplished more than 90 percent of its work in the budget, confirming the inclusion of administrators, craftsmen, writers, guards and volunteer service employees, similar to the free lecturers in financial allocation within the law Balancing https://ninanews.com/Website/News/Details?key=886223

Learn About The Exchange Rate Of The Dollar In Baghdad And The Provinces

Time: 02/06/2021 10:26:54 Read: 6,110 times {Baghdad: Al Furat News} The exchange rate of the dollar in Baghdad today, according to the Kifah Stock Exchange, reached 145,600 dinars to one dollar

Baghdad – the price on the Kifah Stock Exchange is 145,600, the price in exchange is (approximate)  145,000

146,000    Basra / Stock Exchange  145,500   Mosul /  145,600 sentence   Saladin / sentence  145,750.

Sulaymaniyah / Stock Exchange  145,550   Najaf / Bursa  145,600   Diyala / sentence  145,650  LINK

A Representative Source Reveals The Reason Al-Halbousi Presided Over The Parliamentary Finance Meeting

Time: 02/06/2021 17:09:55 Read: 286 times   (Baghdad: Al Furat News) A representative source revealed, on Saturday, the reason for the Speaker of Parliament Muhammad al-Halbousi presiding over the meeting of the Parliamentary Finance Committee.

“The meeting of the Parliamentary Finance Committee headed by Al-Halbousi and his deputy, Hassan Al-Kaabi, aims to put the final touches to the 2021 budget bill,

and the media department of the House of Representatives announced, on Saturday, that Al-Halbousi chaired the meeting of the Finance Committee, to complete the discussion of the draft federal budget law ,” the representative said in a press statement. For the fiscal year 2021.   LINK

Parliament Asks The Treasury To Investigate Its Minister’s Statements About The “Corruption” Of The Currency Sale 

Today, Saturday, the Finance Committee in the Iraqi Parliament addressed the ministry about the statements of its Minister Ali Allawi regarding “corruption in the sale of currency” and requested an investigation and uncovering the “facts .”

The Media Department of Parliament said, in a statement, that “Parliamentary Finance addressed the Ministry of Finance regarding the minister’s statements about the involvement of political blocs that he did not name in spreading corruption through the currency sale window in the Central Bank .”

She explained that “the purpose of the address is to form an investigative sub-committee on this matter and to reveal the facts before the Iraqi people .”

Finance Minister Ali Abdul-Amir Allawi said that the window for selling the currency (currency auction) of the Central Bank of Iraq was previously an important part in spreading financial corruption in the country .

Allawi said in a television interview, “We have sufficient evidence that the currency auction of the Central Bank was previously an important part in spreading corruption, and there are large political blocs involved in it and take names and personalities participating in the auction as a front for them .”

Regarding the possibility of naming these blocs, Allawi said, “I do not have judicial immunity, and even legal protection measures are not sufficient to reveal the names.”

https://aynaliraqnews.com/index.php?aa=news&id22=143438

Parliamentary Finance Addresses The Ministry Regarding Allawi’s Statements About The Corruption Of “Currency Sales”

Time: 02/06/2021 13:30:49 Read: 4,407 times  {Baghdad: Al Furat News} The Parliamentary Finance Committee addressed the Ministry of Finance regarding the statements of Minister Ali Allawi about the involvement of political blocs that he did not name in spreading corruption through the window of currency sale in the Central Bank.

She indicated that “addressing the purpose of forming an investigative sub-committee on this matter and revealing the facts before the Iraqi people.”

The Minister of Finance, Ali Abdul-Amir Allawi, said yesterday night that the window for selling the currency {currency auction} to the Central Bank of Iraq, previously was an important part in spreading financial corruption in the country.

Allawi said in a television interview, “We have sufficient evidence that the currency auction of the Central Bank was previously an important part in spreading corruption, and there are large political blocs involved in it and take names and personalities participating in the auction as a front for them.”    LINK

A Parliamentary Committee Calls For An Investigation Into The Statements Of The Minister Of Finance Regarding The Involvement Of Political Blocs In Spreading Corruption

Saturday 06, February 2021 13:18 | Economical Views: 400   Baghdad / NINA / I addressed the Parliamentary Finance Committee, the Ministry of Finance, regarding the minister’s statements about the involvement of political blocs, which he did not name, in spreading corruption through the currency sale window in the Central Bank, for the purpose of forming an investigative sub-committee on this matter and revealing the facts before the Iraqi people. / End 7   https://ninanews.com/Website/News/Details?key=886196

Parliament Asks The Treasury To Investigate Its Minister’s Statements About The “Corruption” Of The Currency                                                                                  

Today, Saturday, the Finance Committee in the Iraqi Parliament addressed the ministry about the statements of its Minister Ali Allawi regarding “corruption in the sale of currency” and requested an investigation and uncovering the “facts .”

The Media Department of Parliament said, in a statement, that “Parliamentary Finance addressed the Ministry of Finance regarding the minister’s statements about the involvement of political blocs that he did not name in spreading corruption through the currency sale window in the Central Bank .”

She explained that “the purpose of the address is to form an investigative sub-committee on this matter and to reveal the facts before the Iraqi people .”

Finance Minister Ali Abdul-Amir Allawi said that the window for selling the currency (currency auction) of the Central Bank of Iraq was previously an important part in spreading financial corruption in the country .

Allawi said in a television interview, “We have sufficient evidence that the currency auction of the Central Bank was previously an important part in spreading corruption, and there are large political blocs involved in it and take names and personalities participating in the auction as a front for them .”

Regarding the possibility of naming these blocs, Allawi said, “I do not have judicial immunity, and even legal protection measures are not sufficient to reveal the names.”

https://aynaliraqnews.com/index.php?aa=news&id22=143438

Talabani Reveals The Agreements Signed Recently Between Baghdad And Erbil: We Aspire To Join SOMO

Political| 01:52 – 02/06/2021 Baghdad – Mawazine News  , Vice President of the Kurdistan Regional Government, Qubad Talabani, revealed, on Saturday, the most prominent agreements that have been concluded between the governments of Baghdad and Erbil since 2014, and while he indicated that the region aspires to join the Kurds to the membership of the Oil Marketing Company (SOMO).

According to the media of the Patriotic Union of Kurdistan, Talabani said, “The political forces are constantly accusing the Kurds of possessing Basra oil, but we are in fact not responsible, and the evidence for this is that the region’s share of the state’s full budget is 5 percent, but we have been from 2014 until 2018.” We did not receive any sums from the federal government, “indicating that” if these sums were spent on investment projects in Basra or Dhi Qar, we would be happy, but these sums disappeared without knowing where they went ?! ”

He added, “In the eighth month of the year 2020, there was an agreement between the governments of Baghdad and Erbil, whereby the federal government informed us that oil revenues and non-oil imports are all for the region, and they also pay us 320 billion dinars a month, in exchange for agreeing to send a technical team to monitor border crossings at Territory. ”

He continued, “This agreement did not last for long, as the federal government sent the money for only two months, and then it stopped,” asking: “Where were these sums spent? Are they spent on Baghdad, Basra or Salah al-Din?” Ended 29 / A43    https://www.mawazin.net/Details.aspx?jimare=140725

Talabani: Baghdad Has Conceded All Oil And Non-Oil Revenues To The Region In Exchange For Our Agreement To The Presence Of A Team To Monitor Border Crossings

Dialogues  Economy News – Baghdad   The Vice President of the Kurdistan Regional Government, Qubad Talabani, announced that the agreement concluded between the governments of Mustafa Al-Kazemi and the Kurdistan Region guarantees that the region will obtain all oil and non-oil revenues in exchange for approval to send a technical team to monitor border crossings in the region.

Qubad said, in an interview published by the National News Center website and seen by Al-Iqtisad News, “Political forces are constantly accusing the Kurds of seizing Basra oil, but we are in fact not responsible, and the proof of this is that the region’s share of the state’s full budget is,

It is 5 percent, but from 2014 until 2018 we did not receive any sums from the federal government, ”indicating that“ if these sums were spent on investment projects in Basra or Dhi Qar, we would be happy, but these sums disappeared without knowing where they went ?! “.

He added, “In the eighth month of the year 2020, there was an agreement between the governments of Baghdad and Erbil, whereby the federal government informed us that oil and non-oil imports are all for the region, and they also pay us 320 billion dinars per month, in exchange for agreeing to send a technical team to monitor border crossings at Territory ”.

He continued, “This agreement did not last for long, as the federal government sent the amount for only two months, and then it stopped,” wondering: “Where did you spend these sums? Was it spent on Baghdad, Basra, or Salah al-Din? ”

He pointed out that “the Kurdistan region has become (the peg) on which the files of corruption and problems are attached,” noting that “if the Basra problem was solved by the region’s entitlement from the funds allocated to it, we would have given up this entitlement.”

Talabani stressed, “The Kurdistan region is ready to implement all obligations with the federal government, whether it is about oil of 250 thousand barrels per day, or even non-oil resources in the region’s outlets, according to the laws in force within the constitution, but in return the rights of the region must also be provided.”

He noted that “the main source of imports in the region is oil, and through these imports many forms of expenditures are secured in the region, and therefore if we do not have such a single source, then this means that there are no guarantees that we will obtain our expenditures that we can from During which the region’s debts are to be paid.

He added, “If we speak from a technical point, the Federal Ministry of Finance has registered figures that the number of employees in the Kurdistan region is 683 thousand employees, while there are more than 751 thousand employees in the region, how can we pay salaries at the time to employees whose names do not exist in the Finance?”

Federal If we do not have our own source of income, ”stressing that“ there is a difference in the number of employees registered with the Federal and Regional Finance by about 70 thousand employees. ”

And he continued, we hope to build a new relationship related to oil and finance with the central government, and we have faith that this will be achieved step by step, until we reach the establishment of a new Sumo company in which there are members of the Board of Directors, but we are still at the beginning and this needs to work more to increase confidence between the two parties .

Talabani said, “What the Federal Oil Minister talked about, regarding linking all the oil of the Kurdistan region to one administration of the federal government, is an unconstitutional request.”

The deputy prime minister of the provincial government explained, “The majority of the questions were related to the region’s expenditures, the number of employees and the expenses, but I told them to leave the discussion about the sources of financing for the time being, because each budget is made up of several parts that include imports, expenses, deficits and debts.”

He added that “there are many types of operating expenses, pensions, social care, grants to political prisoners and martyrs, in addition to the development of regions and the operational budget. All of these are expenditures, debts and loans, and must be disbursed on a monthly basis.”

He noted that “these expenditures are covered by the sources of funding that we have, which is the central government, in addition to the oil and non-oil revenues that we have, and therefore the discussion with the Finance Committee should be about the expenditures from what comes from and how they are covered, not just about revenues “.

He pointed out that “the region wants to solve the outstanding problems with Baghdad in the fastest way in order to be implementable. We may not be 100% happy with what may emerge from these dialogues, but we are working at least step by step forward, we are with any result that may be implementable.” He called on everyone to “move away from the electoral atmosphere, emotion and slogans, and to search for regional solutions for this stage.”   Number of observations 649 Date added 02/06/2021

https://economy-news.net/content.php?id=23974

Al-Halbousi: The National Oil Company Bill Is Ready For Voting

09:15 – 06/02/2021   The information / Baghdad ..The head of the Parliamentary Energy and Oil Committee, Haybat Al-Halbousi, attributed, on Saturday, the failure to vote on the draft law of the National Oil Company to the lack of a quorum in the session held on January 27, indicating that the law approved in 2017 was met with the objection of the Federal Court.

Al-Halbousi said in a statement reported by Al-Sabah newspaper, which was seen by the information, that his committee “completed the amendments to the paragraphs that the Federal Court objected to,” expecting “the vote to amend the National Company Law and establish that company in the nearest session.”

He explained that “the establishment of the National Oil Company, which will include most of the productive oil companies (Basra Oil Company, Dhi Qar Oil Company, North Oil Company, Maysan Oil Company, Central Oil Company, as well as the Drilling Company and parts of some general directorates within the Ministry) will reduce the burden on it by approximately 80%. percent”.

And Al-Halbousi added, “The ministry’s work will be limited to setting oil policies according to what remains of it from the Oil and Gas Products Distribution Company and the SOMO Company.” End

https://www.almaalomah.com/2021/02/06/519132/

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