Samson: 100 US dollars is equivalent to 100 Iraqi dinars .. Is it possible? An economic expert answers
17th September, 2020
The economic expert, Salam Sumaisem, said that the government is now obliged to reduce the value of the Iraqi dinar against the dollar in order to obtain greater quantities of Iraqi money against the dollar without printing more and thus preserve the currency from collapsing.
In an interview with the “obelisk”, Sumaisem said that in the pre-2003 era, the currency was printed without cover and in large quantities, and it was reduced without a balance. Today, it can be reduced with a balance, indicating that this reduction increases the amount of exports because it pays people who They import from abroad to the demand for local goods, which will lead to a devaluation of the currency and the demand for it becomes more.
Several countries resorted to writing off zeros of their currency, with the aim of restoring some confidence in the national currency by trying to absorb inflation represented by high prices and the erosion of purchasing value.
Sumaisem indicated that the time is not appropriate to manipulate zeros or the currency because its value will change, and with regard to removing zeros, this requires monetary stability and that was decided during the era of Sinan al-Shabibi administration of the Central Bank.
The economic expert called for improving the status of the dinar so that every 100 dinars would be equal to 100,000 Iraqis, and thus raising the zeros so that every 100 dollars equal to 100 Iraqi dinars, and thus the dinar would be equal to the dollar.
But Sumaisem believes that raising the zeros is not possible at the present time, due to the monetary and economic crisis that Iraq suffers from.
And deleting zeros from the currency is the process of replacing the old currency with a new one whose price is less than the old currency by the number of zeros that will be deleted, for example deleting three zeros from the Iraqi currency means that one dinar from the new currency is equivalent to 1000 dinars from the old currency.
The Iraqi Minister of Finance proposed reducing the price of the Iraqi dinar as a measure to confront the financial crisis, as Sumaisem believes that this proposal will be the closest scenario .. and will prevent compromising the storage in the central bank. LINK
Samson: Representative support for Al-Kazemi in fighting corruption
18th September, 2020
The Parliamentary Integrity Committee confirmed, today, Friday, its support for the steps taken by Prime Minister Mustafa Al-Kazemi in fighting corruption.
Member of the Committee, Representative Alia Nassif, said, “What Al-Kazemi is doing in fighting corruption is a step that must be supported by everyone, and everyone who says that he is against corruption must stand with this step,” pointing out that “the movement against corruption and the corrupt must be supported, whether The Counter-Terrorism Service or the intelligence service was used.”
Nassif explained that “corruption has become a situation in Iraqi society, and it threatens the security of the country, threatening the country’s budget and the citizen’s sustenance,” noting that “major corruption operations have caused a great drain on Iraqi money, and therefore the procedures of the Prime Minister must be supported in the fight against the corrupt.” LINK
Samson: Trump will be absent from the United Nations Assembly
The White House chief of staff, Mark Meadows, told reporters that President Donald Trump will not personally attend the United Nations General Assembly meeting scheduled for next week, according to a joint media report.
The decision is a shift in Trump’s position after he said last month that he intends to address the United Nations General Assembly in New York, although other world leaders preferred not to go to the meeting due to the Covid-19 epidemic.
Meadows confirmed to reporters who accompanied Trump on his way to Wisconsin to attend a campaign rally, that the president will not personally attend the 75th session of the General Assembly, which will be held mainly online due to the health crisis.
The main part of the General Assembly meeting continues this year, when world leaders take turns giving speeches, during the week from September 21 to the 29th of the month.
In remarks on Tuesday, the Secretary-General of the United Nations, António Guterres, stressed that this year’s session will focus on the global response to the Covid-19 epidemic, in addition to “peace and security, disarmament, human rights, gender equality and sustainable development.” LINK
Samson: Proclamation on Constitution Day, Citizenship Day, And Constitution Week, 2020
17th September, 2020
In the summer of 1787, fifty-five delegates from throughout the fledgling United States gathered at the Pennsylvania State House in Philadelphia, intent on erecting a government that would stand the test of time and protect hard‑won freedoms secured during the Revolutionary War.
Two hundred and thirty-three years later, the document they produced — our Constitution — remains the bedrock of our system of government, one rooted in equality under the law and an unyielding commitment to individual liberty. On this day and during this week, we celebrate our great founding charter as an enduring beacon of freedom and strive toward active citizenship in service of its ideals.
With profound wisdom, the Framers of our Constitution divided political power among three separate and coequal branches, and further between the Federal and State governments, ensuring that a government of the people, by the people, and for the people would remain accountable to its citizens, from whom all legitimate political power is derived.
Our Constitution outlines a government that encourages individuals to flourish while still empowering the state to perform necessary functions like protecting law and order and providing essential public goods. This revolutionary concept has made and continues to make our Nation the most free and just society in the world. Because its principles are timeless and rooted in truth, our Constitution has fostered freedom at home, as well as the liberation of countless oppressed peoples around the world. In the more than 2 centuries since its ratification, it has served as an unparalleled engine for human progress.
A key feature of our Constitution is an independent Federal judiciary, which helps safeguard its structure and ensure individual rights. In Federalist 78, Alexander Hamilton describes the proper role of the courts as keeping the legislature “within the limits assigned to their authority,” handing down decisions in accordance with the principle that “a constitution is, in fact, and must be regarded by the judges, as a fundamental law.” In reverence of the wisdom of the Founders, I have made it a top priority to nominate to the Federal bench only those judges who have demonstrated a commitment to enforcing the Constitution as written. To date, I have nominated and the Senate has confirmed more than 240 judges who will faithfully adhere to this foundational judicial principle, including two incredible Supreme Court Justices.
While freedom-loving Americans rightfully venerate and defend our Constitution, we must also remain cognizant that there are those in our society who wish to tear down our institutions and threaten our sacred constitutional freedoms.
In recent months, statues of great American heroes like Abraham Lincoln, Ulysses S. Grant, and Theodore Roosevelt have been threatened, torn down, defaced, and destroyed. In cities throughout our country, radical groups have attacked monuments honoring the unrivaled contributions our Founding Fathers made to human freedom.
These groups and individuals are attempting to topple constitutional law and order — the very foundation of self-government — by attacking the Constitution and the integrity of our national heroes, falsely decrying our country and its institutions as evil and unjust.
As President, I will never allow such heinous attacks to go unpunished. I will continue to honor the legacy of our history by protecting our freedoms and safeguarding our Constitution and the boundless opportunity it affords to the people of our great Nation.
We should always celebrate the brave Americans who fought tyranny to secure the very liberty that these extremists take for granted. To this end, in June of this year, I signed an Executive Order on Protecting American Monuments, Memorials, and Statues, and Combating Recent Criminal Violence, ensuring that anarchy and base criminal acts will no longer tarnish memorials built to honor the heroes who have served our country and defended our Constitution.
On this Constitution and Citizenship Day, and during this Constitution Week, we recommit to upholding our constitutional system, to honoring its Framers and those who have sacrificed to defend it — who knew the true price of liberty — and to embracing the duty we as citizens have to preserve the society it has built.
The Congress, by joint resolution of February 29, 1952 (36 U.S.C. 106), designated September 17 as “Constitution Day and Citizenship Day,” and by joint resolution of August 2, 1956 (36 U.S.C. 108), requested that the President proclaim the week beginning September 17 and ending September 23 of each year as “Constitution Week.”
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim September 17, 2020, as Constitution Day and Citizenship Day, and September 17, 2020, through September 23, 2020, as Constitution Week.
On this day and during this week, we celebrate the citizens and the Constitution that have made America the greatest Nation this world has ever known. In doing so, we recommit ourselves to the enduring principles of the Constitution and thereby “secure the Blessings of Liberty to ourselves and our posterity.”
IN WITNESS WHEREOF, I have hereunto set my hand this seventeenth day of September, in the year of our Lord two thousand twenty, and of the Independence of the United States of America the two hundred and forty-fifth.
DONALD J. TRUMP LINK