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More Iraqi News Sunday PM 4-4-21

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Vice Shows The Possibility Of Paying Salaries In Dollars

Political  Sunday 4 April 2021 | 02:44 PM| Views: 144  The representative of the Al-Fateh Alliance, Ahmed Al-Kinani, confirmed, on Sunday, that the proposal to pay employees’ salaries in dollars cannot be implemented at the present time for several reasons, indicating that the appeal of the dollar price will be rejected if it is submitted because it is not legitimate .

Al-Kinani said, “The proposal to pay salaries in dollars was not adopted by a political bloc or coalition, but rather by one of the representatives,” indicating that “the proposal will not be accepted by the political forces because it is not acceptable at the present time .”

He added that “the intention of one of the political forces to submit an appeal to the Federal Court regarding the re-exchange of the dollar is illegal and will be received by the Federal Court as it is not enacted by law by Parliament, but rather a decision by the Iraqi Central Bank, which is constitutionally responsible for monetary policy .”    https://aynaliraqnews.com/index.php?aa=news&id22=145896

Parliamentary Warnings Of A “Poor Revolution” Due To The High Prices

Political   Sunday 4 April 2021 | 12:05 PM| Views: 138  On Sunday, a member of the Parliamentary Economic and Investment Committee, Layal Al-Bayati, warned of what she described as a sudden “poor revolution” due to the high prices .

Al-Bayati said that “the poor turn poorly into poverty due to the high prices of foodstuffs,” indicating that “the continued looting and corruption with increasing unemployment, poverty rates and lack of job opportunities will lead to a sudden, earth-shattering revolution of the poor that no one can stand against .”

She pointed out that “the citizen no longer speaks in his councils except how to face difficult living in light of the collapse of the Iraqi dinar against the dollar and the rise of inflammatory foodstuffs in the local markets.”

https://aynaliraqnews.com/index.php?aa=news&id22=145882

Al-Sudani Believes That The High Exchange Rate Will Harm 17 Million People

April 3, 2021  Baghdad – Time  MP Muhammad Shiaa al-Sudani counted the numbers of the poor and the segments close to the poverty line that were affected after raising the dollar exchange rate, indicating that 17 million citizens would be affected by the government and parliament’s decision, while another deputy suggested distributing half of the employees ’salaries in dollars to address the difference between demand and supply for the currency.

The poverty line

B (Addressing the current economic crisis in light of the foregoing, and that this large number of poor and near poverty needs urgent protection measures and serious treatments, the most important of which is ensuring the distribution of the ration card items on a monthly basis without interruption, as well as increasing the cash aid for those covered by the social protection network with the expansion of coverage for the beneficiaries, and reviewing With the minimum salary, as well as actively and real support for agriculture and industry to generate additional job opportunities that reduce unemployment and thus reduce the high poverty rates).

For his part, a member of the Parliamentary Finance Committee, Muhammad al-Shibki, suggested that half of the salary for employees of non-sovereign ministries be spent in dollars for two months at a subsidized price to address the difference between supply and demand for hard currency, which contributes to the stability of its prices.    LINK

Oil Announces The Amount Of Exports And Financial Revenues Achieved For Last March

Energy  Economy News _ Baghdad   On Sunday, the Ministry of Oil announced the total exports and revenues achieved for the month of March, indicating that its revenues exceeded 5 billion and 700 million dollars.

The ministry stated in a statement received by “Al-Eqtisad News”, that “the amount of exports of crude oil amounted to (91) million (311) thousand and (929) barrels, with revenues amounted to (5) billion and (782) million and (711) thousand dollars.

The statistics indicated that “the total exported quantities of crude oil for the month of March from the oil fields in central and southern Iraq amounted to (88) million and (240) thousand and (184) barrels. As for the Kirkuk fields through the port of Ceyhan, the exported quantities reached (3) One million and (71) thousand and (745) barrels.

The ministry indicated that “the average daily exports amounted to (2) million and (945) thousand barrels, while the average price per barrel reached (63.329) dollars.”

Number of observations 161 Date of addendum 04/04/2021

https://economy-news.net/content.php?id=24710

22 Profitable Companies Raise The Stock Market Index

The Iraqi Stock Exchange «Economy News»   Market  Economy News – Baghdad  The index of the Iraq Stock Exchange (the Stock Exchange) rose, on Sunday, by 2.02%.

Today’s session saw the circulation of 1.5 billion shares, a value of 1.2 billion dinars.

The Islamic Al-Ataa Bank topped the winning companies, while the Middle East Fish Company topped the losing companies.

In turn, foreign investors sold 53 million shares, worth 31 million dinars, after executing 22 deals on the shares of four companies.    Number of observations 90 Date of addition 04/04/2021

https://economy-news.net/content.php?id=24713

Al-Kazemi For Emirati Businessmen And Companies: The Doors Of Iraq Are Open Before You

Political| 04:33 – 04/04/2021  BAGHDAD – Mawazine News  The Prime Minister, Mustafa Al-Kazemi, confirmed, on Sunday, that the doors of Iraq are open to Emirati businessmen and companies.

The media office of the Prime Minister stated, in a statement that Mawazine News received a copy of, that “Al-Kazemi met, at his residence in the UAE, a group of Emirati companies and businessmen.”

Al-Kazemi said, “Iraq has gone through difficult and complex circumstances that have delayed development and services,” noting that “Iraq is the cradle of civilizations and the great diversity that represents an element of strength for us, deserving of efforts to serve its citizens.”

He added, “The Iraqi government has taken bold measures in the financial sector, economy and development, and there is a gradual recovery of the Iraqi economy,” referring to “the reform paper prepared to reform the private sector and provide all facilities for it.”

He stressed, “The doors of Iraq are open to Emirati companies and businessmen,” explaining that “several measures have been taken to reduce bureaucracy and overcome obstacles in front of companies.”

He explained, “The government pays great attention to clean energy, and has drawn up plans and taken several measures regarding them.”

For their part, businessmen praised “the reforms taken by the Iraqi government headed by Mr. Al-Kazemi, which have been touched recently,” stressing their “readiness to work in Iraq in various sectors.”

Today, Sunday, the Prime Minister, Mustafa Al-Kazemi, is conducting an official visit to the United Arab Emirates, to discuss bilateral relations between the two countries, enhance means of joint cooperation, and discuss a number of files of common interest.    https://www.mawazin.net/Details.aspx?jimare=148314

Deputy Warns Of Continuing High Poverty Rates: Save The Citizen

Time: 04/2021 10:32:28 Read: 2,457 times  {Baghdad: Al Furat News} The representative of the Al-Sadiqoun bloc, Fadel Al-Fatlawi, confirmed today, Sunday, that the decision to fix the dollar exchange rate is one of the improvised decisions that have not been properly studied by the government, warning at the same time that the poverty rate in the country will continue to rise.

In a statement, Al-Furat News received a copy of it, Al-Fatlawi said, “The exchange rate of the dollar has the right to substantial material damage to the citizen’s living conditions, and this represents an impromptu decision that was not properly studied.”

He added that “setting the exchange rate in the budget was not appropriate for the poor segments, as there are more than 10 million Iraqi citizens below the poverty line, according to the data and statistics of the Ministry of Planning.”

Al-Fatlawi stated that “the government is required to find solutions that will save the citizen and ensure that the difficult living situation he is going through will not be harmed, especially with the high rate of unemployment and poverty, which necessitates radical changes that will benefit the people.”   LINK

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