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Tishwash: Economic center: Parliament cannot change the exchange rate of the dollar

Wissam Al-Hilu, Director of the Iraqi Political Economic Center, stressed that the House of Representatives cannot change the exchange rate of the dollar. 

In a statement, Al-Furat News received a copy of it, Al-Hilu said, “One of the main tasks of the Iraqi Central Bank is to determine the exchange rate in coordination with the Ministry of Finance and the government, and that the House of Representatives has no right to determine the exchange rate.”

And he indicated that “if the parliament insists on changing the exchange rate in the budget allocated for the year 2021, the Central Bank of Iraq will appeal the budget.”

Al-Hilu added, “What is happening in the corridors of the House of Representatives is nothing but electoral gain among specific blocs in order to gain the friendliness of the Iraqi street,” calling for “strengthening state revenues and customs, controlling all border outlets and supporting sectors affected by the change of the exchange rate and finding quick economic solutions that enhance the Evaluating the Iraqi private sector and supporting small enterprises with bank loans that enhance the labor market in Iraq.  link

Tishwash:  The Central Bank adds a new feature to the Iraqi banknotes

The Central Bank of Iraq announced, on Monday, that it has added a feature to protect banknotes from bacteria and viruses to the national currency.

The Central Bank said in a statement received by “Al-Eqtisad News”, that it “added the feature of protecting banknotes from bacteria and viruses, including the Corona virus strain,” indicating that the protected currency “will soon be put into circulation.”

They revealed that the currency had been added to “the biological pesticide developed by international companies specialized in printing banknotes in coordination with the competent authorities  link

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Cutebwoy:  Finance confirms that the budget will be approved next week: delaying it has negatively affected citizens

Baghdad – Mawazine News

The Parliamentary Finance Committee confirmed, on Sunday, that the budget will be approved and passed next week, while indicating that the delay in approving it has negatively affected the citizens.

The deputy head of the Finance Committee, Muthanna al-Samarrai, said, according to the official newspaper, that “the committee will work on approving the 2021 budget next week,” stressing that “the delay in approving the budget has negatively affected the citizens.”

Al-Samarrai added, “The representatives of the parliamentary blocs in the committee voted on the budget,” explaining that “the budget has nothing to do with changing the exchange rate.”

He stated, “Any deduction from salaries has been deleted,” noting that “the budget included imposing taxes on some luxury goods, not essential for citizens.”

Finance confirms that the budget will be approved next week: delaying it has negatively affected citizens

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Cutebwoy:  The Prime Minister comments on the possibility of Parliament changing the dollar exchange rate

2021/03/22    Baghdad / Al-Mawred News

Today, Monday, a spokesman for the Prime Minister’s Office affirmed that Parliament has the right to express its opinion on the exchange rate of the dollar, “but its decision is not binding.”

Culture Minister Hassan Nazim said, in a press statement, that the parliament has the opportunity to express its opinion on the exchange rate of the dollar and change it within the budget, but its decision will not be binding on application by the government because the price change is related to the government and the Central Bank, which set the dollar exchange rate at 1450 dinars.

Nazem explained that it is the responsibility of Parliament to decide whether to approve the budget and pass it, or to make amendments or changes to it.

Nazem also said that the federal government has accomplished what is required of it in the budget file 3 months ago and now work is entrusted to Parliament in all respects, indicating that the government can help facilitate matters or conduct interpretations and negotiations on some files.

The Parliamentary Finance Committee confirmed, yesterday, Sunday, that the Central Bank of Iraq will appeal the draft federal budget in the event that Parliament changes the exchange rate of the dollar.

Representative Muhammad Shi`a al-Sudani announced the demand of more than a third of the members of the House of Representatives to return the dollar price to what it was, and publish the names of the signatures of 120 deputies demanding that.

The Central Bank of Iraq and the Ministry of Finance approved a new exchange rate for the American dollar at 145 thousand Iraqi dinars, after it was 125 thousand dinars, amid popular and official criticism of this measure, at a time when Parliament and the Finance Committee vacated their responsibility to throw the ball in the court of the bank and the ministry because the decision is within their jurisdiction.

The Prime Minister comments on the possibility of Parliament changing the dollar exchange rate

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