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Iraqi News Iraqi News Thursday AM 3-18-21

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Parliamentary Finance: This Evening’s Meeting Will Decide The Fate Of The Budget

Time: 03/18/2021 12:43:14 Read: 3,653 times  {Economical: Al Furat News} A member of the Parliamentary Finance Committee said that a meeting will be held this evening, Thursday, in which the fate of the draft federal budget bill for 2021 will be decided.  It is scheduled that the Presidency of the House of Representatives will hold a meeting with members of the Finance Committee and heads of parliamentary blocs in the Constitutional Hall, Thursday evening, to complete the requirements of the budget law legislation.

Committee member Shirwan Mirza said in a press statement, “This meeting will determine the date for voting on the budget, and we in the Finance Committee want the budget to be presented in the House of Representatives in an atmosphere far from convulsions.”

He explained, “The issue of the Kurdistan region’s share is not the only file that has not been resolved in the draft budget bill. The Shiite blocs have observations, and the Sunni blocs also have observations, so the meeting that will be held this evening will decide the fate of the budget.”

He pointed out, “There is a convergence between the parliamentary blocs on the budget and ideas are not far away. All problems can be addressed and voting on the budget.”   LINK

Finance Committee: Kurdistan Region Will Not Deliver 460,000 Barrels Of Oil To Baghdad

Economy   Thursday 18 March 2021 | 10:36 a.m.| Views: 60  Economist: The corruption of the currency auction is behind the failure to demand a decrease in the dollar exchange rate

The economic expert, Ihssan Al-Kanani, said that corruption in the currency auction made politicians shirk their supervisory duties and throw the ball into the government’s court about controlling the exchange rate of the dollar against the Iraqi dinar .

Al-Kinani said that “most of the private banks are affiliated with political parties and parties that finance their projects in and outside Iraq, and attract money through the currency auction .”

He added that “the silence of the deputies about the demand to reduce the exchange rate of the dollar against the dinar, in order to preserve their earnings in the currency auction, which has become a window for financial corruption and serving the interests of the political class .”

He indicated that “most politicians and MPs have shirked their responsibilities regarding what the government is doing about the siege of the people after reducing the value of the dinar, and they emphasized that the issue of reducing or raising the price of the currency depends on the government only, at a time when Parliament has absolute power over the government to reject or accept any decision it takes.” https://aynaliraqnews.com/index.php?aa=news&id22=145147

Economist: The corruption of the currency auction is behind the failure to demand a decrease in the dollar exchange rate

09:20 – 18/03/2021  The information / Baghdad ..The economic expert, Ihssan Al-Kanani, said that corruption in the currency auction made politicians shirk their supervisory duties and throw the ball into the government’s court about controlling the exchange rate of the dollar against the Iraqi dinar .

Al-Kinani said to / the information /, that “most of the private banks are affiliated with political parties and parties that finance their projects in and outside Iraq , and attract money through an auction selling the currency.”

He added that “the silence of the deputies about the demand to reduce the exchange rate of the dollar against the dinar, in order to preserve their earnings in the currency auction, which has become a window for financial corruption and serving the interests of the political class.”

He indicated that “most politicians and MPs have shirked their responsibilities regarding what the government is doing about the siege of the people after reducing the value of the dinar, and they emphasized that the issue of reducing or raising the price of the currency depends on the government only, at a time when Parliament has absolute power over the government to reject or accept any decision it takes.” https://www.almaalomah.com/2021/03/18/525765/

Al-Khalidi Accuses The Government Of “Dragging Its Feet” On Financial And Economic Reforms

Political   Thursday 18 March 2021 | 01:19 PM| Views: 107  The head of the Committee for Monitoring the Implementation of the Governmental Program and Strategic Planning, Hazem Al-Khalidi, accused the government of “delaying” in carrying out reforms to the financial and monetary file.

Al-Khalidi said, “There is a clear government imbalance and a great delay in the government’s completion of the ministerial program, and it has been placed before the House of Representatives and the relevant relevant committees .”

He added that “the government has presented four financial laws that violate the original white paper it submitted,” noting that “the financial and monetary file is witnessing clear confusion .”

“The government has failed in the process of political and economic reform, ” Khalidi, a deputy from the National Approach bloc, noted .   https://aynaliraqnews.com/index.php?aa=news&id22=145169

Washington: We hope that the dialogue with Iraq is not limited to the security aspect only

Political| 03:10 – 18/03/2021   BAGHDAD – Mawazine News  The US ambassador to Iraq, Matthew Tueller, confirmed, on Thursday, that his country is looking forward to not limiting the dialogue with Iraq to the security aspect only.

The media office of the National Security Adviser, Qassem Al-Araji, said in a statement that Mawazine News received a copy of, that “the latter received in his office today, Thursday, the US ambassador in Baghdad, Matthew Toller,” noting that “the meeting spoke about the strategic dialogue between Iraq and the states.” The United States of America, and to complete the previous dialogues that took place, according to the request of the Iraqi government. ”

Tueller stressed, “His country is looking forward to not being limited to the dialogue with Iraq on the security side only, but in the scientific, economic, cultural, and other fields as well.”

The two sides discussed “the file of the Al-Hol border camp with Syria.”

Al-Araji said, “Iraq needs a practical and final solution to the camp issue, with the participation of the international community, as it includes multiple nationalities and all of them are terrorists.” And these will become ISIS ISIS who pose a threat to Iraq and the region. ”

He stressed, “If not everyone rallied to solve this problem that threatens the security of Iraq, the region and the world.”     https://www.mawazin.net/Details.aspx?jimare=146059

The Dollar Is Rising In Iraq Today

Time: 03/18/2021 11:27:10 Read: 5,447 times  {Baghdad: Al Furat News} The dollar exchange rate rose in Iraq today, Wednesday.  The exchange rate on the Baghdad Stock Exchange was 1459 dinars to one dollar, or 145 thousand and 900 dinars.   The price yesterday in Baghdad was at 1458 dinars to the dollar.   In Basra, the dollar also rose to 1458.5 dinars, while it was in Erbil at 1457 dinars.

https://alforatnews.com/news/%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%8A%D8%B1%D8%AA%D9%8A%D9%88%D9%85

The Regions Committee Hosts The General Director Of The Legal Department At The Ministry Of Finance

3/18/2021  Today, Thursday 3/18/2021, the Regions and Governorates Committee hosted an irregular in a region headed by Representative Sherwan Al-Dubardani, Chairman of the Committee, and the presence of the Legal Committee’s Rapporteur, Representative Yahya Al-Muhammadi, Mr. Muhammad Hamza, Director General of the Legal Department at the Ministry of Finance.

During the meeting, which was held at the committee’s headquarters, the implementation of the First Amendment Law of the Unified Pension Law No. 9 of 2014 discussed the possible ways to include members of municipal councils whose work was terminated under the Second Amendment Law for Provincial and Districts Council Elections No. 27 of 2019.

The Director General of Legal at the Ministry of Finance confirmed the study of the issue and the provision of a legal opinion on it, taking into consideration the letter addressed to the Ministry by the National Public Retirement Authority regarding the exception for members of municipal councils.

Media  Department Parliament, March 18, 2021  LINK

The International Energy Agency Violates Iraq’s Expectations: Your Production In 2026 Will Reach 5.4 Million Barrels

Energy   Economy News – Baghdad  The International Energy Agency expected Iraq’s production to rise during the year 2026 to 5.4 million barrels, which contradicts the expectations of the Oil Ministry, which confirms that it will reach production of 7 million barrels per day in the year 2025.

And the International Energy Agency said in its report yesterday that Iraq, which is the second largest oil producer in OPEC, will be the most increase in production in the group, with an increase of 1.3 million barrels per day, bringing its total production to about 5.4 million barrels per day by the year 2026.

The Iraqi Oil Minister, Ihssan Abdul-Jabbar, announced that his country can currently produce 5 million barrels of crude oil per day, and aims to reach 7 million by 2025.

The International Energy Agency revealed in its latest forecast to the market on March 17 that as soon as demand for crude returns after a recession due to the Corona epidemic, this will require OPEC to boost and increase its crude production by more than 20% from its current production rate to reach nearly 30.8 million Barrels per day by 2026.

According to the latest survey data obtained by the Energy Agency Platts, the crude oil production of the 13 member states of OPEC for the month of February reached 24.86 million barrels per day.

The report of the International Energy Agency indicated that the bulk of these increases in production and pumping will come from Saudi Arabia, Iraq and Kuwait, more than what will come from African members of OPEC and Venezuela. The agency said that global oil consumption will grow and double rapidly.

The agency said in its report, “While the demand for oil recovers with the delay in exploration and production investments in other regions of the world, Saudi Arabia, Iraq, the UAE and Kuwait may resort to doubling their production as much as possible to ensure that the global demand for crude is met in the market. On Iran, these countries will do their capacity and speed to keep pace with the demand. ”

It is difficult for Iraq to increase its production due to the financial crisis, and its current focus on investing in gas and alternative energy, because the country is almost completely dependent on oil in its financial revenues, which caused a financial crisis during the year 2020 after oil prices fell to less than $ 20.

Number of observations 267 Date of addendum 3/18/2021

https://economy-news.net/content.php?id=24501

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