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Tishwash: Political agreement to pass the oil and gas law

The MP for the Sadikoun Parliamentary Bloc, Fadel Al-Fatlawi, revealed today, Tuesday, a political agreement to pass the oil and gas law.

Al-Fatlawi said in a statement that “the political blocs are heading towards passing the oil and gas law after completing the laws of the Federal Supreme Court and the federal budget for 2021,” pointing out that “the law may be presented inside the parliament during the next week.”

He added that “the law is of great importance in solving the outstanding problems between Baghdad and Erbil and the oil-producing provinces,” noting that “passing it will achieve justice in the distribution of wealth and the revival of poor areas.”

He continued, “The law enjoys great political support in Parliament, and there is a serious intention to settle it and pass it during the current legislative term.”  link

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Tishwash:  An economist expects a representative decision related to the exchange rate that paves the way for market stability

The economic expert, Rasim Al-Aqidi, predicted, today, Thursday, the date of price stability in the Iraqi market, while noting that the news and statements issued by political forces prompted many traders and importers to consider import operations.

“The markets are affected by rumors, news and statements related to the exchange rate of the US dollar against the Iraqi dinar, especially since some of them are issued by influential political blocs demanding the return of the exchange rate to its previous position,” said Rasim Al-Aqidi.

Al-Aqidi added, “The change of the dollar’s exchange rate by the state and subjecting it to speculation through supply and demand came in order to alleviate the problem of foreign currency exiting outside the borders due to the low exchange rate by purchasing goods that the country does not need, which leads to a reduction in imports, and this allows space. The largest for domestic products in marketing and consumption. ”

He continued, “The news and statements issued by political forces prompted them to refrain from withdrawing the dollar and replacing it with the local currency. It also prompted many merchants and importers to wait and deliberate in import operations, awaiting the settlement of the budget deferred for months, which created a recession in the Iraqi market.”

The economic expert stressed, “The approval of the budget by a representative decision will end the debate, and the markets will return to normal, and everyone will absorb the shock and the emerging conditions that will impose its decision on the markets.”  link

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