Bond Lady’s Corner Iraqi News Tuesday AM/PM 5-25-21

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Iraqi News Tuesday AM 5-25-21

TLM724 Administrator BondLady’s Corner

For The Second Day … The Increase In The Sales Of The Central Bank Of Iraq Of Dollars

 Economy  Tuesday 25 May 2021 | 12:42 PM| Views: 98  The Central Bank of Iraq’s hard currency sales rose today, Tuesday, to $ 189 million .  A source stated that the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today a 3.28% increase in its sales to reach 189 million 223 thousand and 450 dollars, covered by the bank at a base exchange rate of 1460 dinars per dollar, compared to yesterday, Monday, where sales reached 183 million And 12 thousand and 60 dollars .

The purchases amounting to 137 million and 923 thousand and 450 dollars went to strengthen the funds abroad in the form of transfers and appropriations, while the remaining amount of 51 million and 300 thousand dollars went in cash.

He pointed out that 30 banks have fulfilled requests to enhance balances abroad, 15 banks to process cash requests, and 29 participating exchange companies.   https://aynaliraqnews.com/index.php?aa=news&id22=147837

Al-Fateh Comments On The Demonstrations Today: The Demands Of His Right In The Face Of The Climbers To Power

Tuesday, 25 May 2021 11:30 AM  Private / National News Center   Today, Tuesday, the Al-Fateh Alliance revealed its position regarding today’s demonstrations in Baghdad and the provinces.

A member of the Al-Fateh Alliance, Muhammad Al-Baldawi, said in a special statement to the “National News Center”, that today’s demonstration is an extension of the October demonstrations demanding services and providing them. Submit it for the government curriculum.

Al-Baldawi indicated that “the demonstrations today have realized and revealed the falsehood of some climbers on the blood of the martyrs who were demonstrating in October and speaking on its behalf have let them down and participated with the current government that did not abide by its promises with the citizens.”

Al-Baldawi pointed out that “the demonstrations today are true and demand services and political, economic, service and security reform. These are reforms that the Al-Kazemi government proposed, but it did not abide by them.”

This morning, a demonstration began in Baghdad and a number of provinces to demand the disclosure of the killers of activists and the preservation of electoral security.   https://nnciraq.com/66097/

5 Ministers And The Governor Of The Central Bank Are On The Parliament’s Questioning List

Posted On 2021-05-25 By Sotaliraq   Baghdad / Muhammad Sabah   A special parliamentary committee has completed reviewing and scrutinizing the interrogation requests of a number of government officials, including the Minister of Finance, who will be questioned in next Monday’s session, and there are four other files that the concerned committee will finalize its evaluation soon. Yonadam Kanna, head of the Rafidain Parliamentary Bloc, confirmed in a statement to (Al-Mada) that “there are many requests for interrogations submitted to the special committee concerned with interrogation,” indicating that “this committee began examining these files some time ago.”

In the year 2020, the Presidency of the House of Representatives referred the files of questioning the ministers of finance, higher education, industry, the governor of the central bank, and the head of the Media and Communications Commission, to a special committee composed of three legal advisers to consider its formal and legal procedures before setting the dates for the interrogation sessions.

The head of the Rafidain Parliamentary Bloc adds that “the special committee has completed the examination of the files of the questioning of the Minister of Finance and the Central Bank, and before that the head of the Media and Communications Commission, who was voted out,” adding that “there is a tendency to question the ministers of electricity, trade and oil.”

Parliament Law No. (13) of 2018 enforced in its article (22) obliges the formation of a special committee to provide opinion and advice on the availability of the necessary conditions in the request for interrogation in accordance with the internal system of the House of Representatives.

The internal system of the House of Representatives, in its fifty-eighth article, also requires that the interrogation request be addressed in writing to the speaker, signed by the person submitting the interrogation, and with the approval of at least twenty-five members.

Kanna noted that “the requests to interrogate some ministers are still under scrutiny and have not been finalized by the special committee concerned with the file of interrogations,” expecting that all these requests will be studied and submitted to the Presidency of the Council in the near future. Kanna believes that “the interrogation is not necessarily the dismissal of the official or the minister.

Perhaps there will be legal prosecutions and the recovery of money,” stressing that “the charges are not subject to statute of limitations for executives and others.”

The Christian representative points out that “these interrogations are professional and far from political miscarriage or electoral propaganda, and they are an attempt to correct the mistakes made in the ministries,” pointing out that “the council has set a date for the questioning of the Minister of Finance.” According to a document circulated, the House of Representatives set May 31 as the date for the questioning of Finance Minister Ali Allawi.

For his part, Muhammad Al-Baldawi, an MP from the Al-Fateh Parliamentary Bloc, confirms in an interview with Al-Mada that “there is an interrogation of the Ministers of Finance, Industry, Electricity, Higher Education, Oil and the Governor of the Central Bank,” adding that “there are requests submitted to host the Prime Minister.”

Al-Baldawi confirms that “there is a set of procedures carried out by the interrogation committee charged with checking these files in order to ensure the validity of the evidence and information and their conformity with the formal and objective procedures of the interrogation files before setting a date for the questioning of the official.”

And excludes a member of the Parliamentary Strategic Planning Committee, “the questioning of the Prime Minister by Parliament for the reason that the remaining period for holding the elections does not exceed five months.”  LINK

Expose The Interlocutors Questioning The Minister Of Finance

Political   Tuesday 25 May 2021 | 02:12 PM| Views: 128  The MP from the Saeron Alliance, Riyad Al-Masoudi, revealed, on Tuesday, the most important axes that will be discussed by the questioned MP Yusef Al-Kalabi during the interrogation session of Finance Minister Muhammad Allawi next Monday .

Al-Masoudi said, “The most important issues that will be raised by the questioning of Finance Minister Muhammad Allawi by Representative Yusef Al-Kalabi include inquiries about the funds paid to the Kurdistan region, as well as his failures in organizing the financial policy and the loans that were included in the current year’s budget and previous loans .”

He added that “the interrogation will be based on three pillars, the first is to define the questions and answers, the second is to move away from political targeting and to adopt the questions in a professional manner. The third pillar will be to put up a vote on whether or not to be satisfied with the answers .”

Al-Masoudi indicated that “the MPs will focus on their conviction or not in light of the answer from a professional point of view, away from political targeting.”    https://aynaliraqnews.com/index.php?aa=news&id22=147843

An Internal Economic Struggle In The Kurdistan Regional Government Is Similar To That Of Baghdad And Erbil

One of the resorts of Sulaymaniyah. “Internet”   Money  and business  Economy News – Baghdad The Financial Committee of the Kurdistan Regional Parliament announced that the local government in Sulaymaniyah Governorate does not send non-oil financial revenues to the treasury of the Kurdistan Regional Government, which causes the continuation of the deduction of salaries for workers in the public sector.

Hvidar Ahmed, deputy head of the committee, said in a press conference that Dohuk and Erbil receive the financial revenues generated from the border crossings to the regional government, and the latter informed the Sulaymaniyah administration that more people receive salaries, retirement, grants and financial aid in Sulaymaniyah.

He added that the regional government has informed the administration of the need to hand over $ 80 million a month, and although the governorate has seven border ports, it refuses to hand over revenues.

Ahmed asked, saying: Where is justice in this case? Is it justice that we cut from the mouths of the citizens in Erbil and Dohuk and give it to Sulaymaniyah, and in return, the latter is not ready to hand over its financial revenues?

The Vice President of the Finance Committee indicated that the government spends 400 billion dinars per month to the departments of the governorates of Sulaymaniyah and Halabjah, stressing that Sulaymaniyah’s failure to send financial revenues caused the employees ’salaries to be deducted.

Number of observations 142 Date of addition 05/25/2021   https://economy-news.net/content.php?id=25175

Dollar Exchange Rates In The Local Market Today

Market  Economy News _ Baghdad  The exchange rates of the dollar recorded, on Tuesday, stable in the main stock exchange in Baghdad and banking shops.

The central Al-Kifah and Al-Harithiya Stock Exchange in Baghdad recorded 148,850 Iraqi dinars against 100 US dollars, the same prices that were recorded during its opening yesterday, Monday morning.

While the selling prices in the exchange shops in the local markets in Baghdad reached 149,250 Iraqi dinars, while the purchase prices amounted to 148,250 dinars per 100 US dollars.

Number of observations 164 Date added 05/25/2021    https://economy-news.net/content.php?id=25169

Source: Dinar Recaps


More Iraqi News Tuesday PM 5-25-21

TLM724 Administrator BondLady’s Corner

Economic Expert: 50 Trillion Dinars Outside The Banking Belt .. And The Central Bank Should Take Advantage Of “Balanced Performance” To Control The Monetary Supply

Monday 24, May 2021 11:16 | Economical Views: 409    Baghdad / NINA / Economic expert Raad Twaij welcomed the launch of the Balanced Performance project by the Central Bank of Iraq, describing it as: “It is an important step in the Iraqi banking sector.”

Twig said in a statement to the Iraqi National News Agency ( NINA ) that “launching the Balanced Performance Project or Quantitative Scale, which summarizes environmental, social and institutional governance standards based on a previous strategy that extended from the year 2016_2020 applied to commercial and Islamic banks, is an important step in the banking sector that will contribute to achieving Big economic goals. “

Twig called the Iraqi Central Bank to take advantage of this practice to achieve several goals, the first is to increase its control and control over cash issuance, as the cash levels indicate the presence of 50 trillion dinars outside the banking belt, and therefore it does not enter the economic cycle and it is within the framework of the hoarded monetary mass, which causes a rise in the level General prices, which witnessed an increase this month by 0.3%, and accordingly, this card will give the Central Bank more control and oversight over banking policies. ”

The second goal, Touaj’s words, is“ to follow the financial inclusion approach as part of the digital economy and to reach the middle classes And the poor in society, making bank accounts for them and entering the banking circle from deposits and loans, which will limit the phenomenon of hoarding and shift to alternatives in savings and investment as economic dynamics, diversification and improvement of banking products to attract and attract deposits.

He continued: “The third goal is to protect the consumer in ensuring his deposits from bankruptcy and banking manipulation.

On Sunday, the Central Bank of Iraq announced the completion of the Scorecard project for environmental, social and governance standards, in cooperation with the International Finance Corporation (IFC) affiliated with the World Bank Group to address regulatory issues in the banking sector.

It should be mentioned that work on this project was started at the end of 2019, as pilot tests for the scorecard were conducted during the period (2020-2021) with the participation of all commercial and Islamic banks operating in the Iraqi banking sector.

https://ninanews.com/Website/News/Details?key=905934

An International Initiative To Enhance Iraq’s Efforts To Combat Corruption

Tuesday 25th May 2021  158   Baghdad: Hazem Muhammad Habib   The Ambassador of the European Union to Iraq, Martin Hutt, confirmed that the anti-corruption initiative in partnership between the Union’s embassy and the United Nations Development Program is of great importance in supporting state institutions in charge of combating corruption and integrity, while the resident representative of the United Nations Development Program, Zeina Ali Ahmed, indicated that the initiative project that To be implemented over a period of four years, it aims to support legal and integrity institutions throughout Iraq in combating corruption.

European Union Ambassador Martin Hutt said during the conference (Promoting Justice to Combat Corruption in Iraq) held in Baghdad yesterday and attended by {morning}: {Combating corruption requires a joint and unified effort from the Iraqi government, state institutions and Iraqi society}, and added that {with the launch of this important initiative The European Union provides significant support to the Iraqi state institutions in charge of integrity. This project also helps Iraq fulfill its national and international obligations and respond to the clear hopes of Iraqi citizens to rid the country from the epidemic of corruption, and affirmed that it {looks forward to seeing the continuous strong policy, national ownership and joint direction for this initiative in favor of Iraq and its people}.

For her part, the resident representative of the United Nations Development Program in Iraq, Zeina Ali Ahmed, confirmed in an interview with {Al-Sabah}, that {the project funded by the European Union and will be implemented over a period of four years aims to support legal institutions and integrity in combating corruption throughout Iraq, including the Kurdistan region, As well as supporting justice initiatives to curb corruption and strengthen the adjudication of commercial disputes.

She indicated that {it is not the first project launched by the United Nations Development Program in the fight against corruption, but that the support of the European Union gave additional and great support for the maturation of such projects}, and indicated that {Iraq is not the only country in the world that fights corruption, and through national commitment and legislative frameworks. Technical expertise will contribute to taking the right path to fight corruption. She said: {We found all cooperation from government institutions concerned with fighting corruption, with which we have contacted during the past five months.

The UN official indicated that {the general objective of the project is to support Iraqi efforts to combat corruption in a sustainable manner and to create an environment conducive to attracting foreign investment and developing the private sector, and to address legislative and strategic gaps in combating corruption, as well as improving the capacity and integrity of public institutions that work to investigate corruption crimes. And adjudicating them.

The project also aims to create a climate of support in Parliament to combat corruption, strengthen the commercial justice system, and conduct reforms in the field of combating corruption. In his turn, the representative of the Director of the Office of the Prime Minister, Counselor Muayad Abdul-Hussein, affirmed that {the government is committed to promoting justice and supporting efforts to fight corruption in all its forms in Iraq.} .

He explained that {launching this project demonstrates the collective desire of the main stakeholders through state institutions throughout the country, the European Union, the international community and the United Nations through the United Nations Development Program to bring about the desired change}, stressing {the government’s endeavor to restore the people’s confidence in all state institutions}.   LINK

Parliamentary Integrity: The Corruption Money Import Law Will Include The Opening Of Pre-2003 Files

Pratha News Agency73 2021-05-25   A member of the Parliamentary Integrity Committee, Jamal Shakour, revealed, on Tuesday, the details of the law for importing money smuggled abroad, indicating that corruption files before 2003 will be opened.

Shakour said in a press statement that “the draft law does not specify an amount for money smuggled from the proceeds of corruption, and the sums are large, and the draft law includes the proceeds of corruption since 2003 and even before that, which were smuggled by people who previously held government positions.”

He added that “the current parliament can legislate the law as it has about 5 months to hold legislative elections,” stressing that “the legislation of the law can take place within one month at the latest.”

Shakour pointed out that “the law comes in implementation of the provisions of the United Nations Convention against Corruption in 2004, and the prosecution of wanted and convicted abroad after the legislation of the law is done in cooperation with the Ministry of Foreign Affairs, the Public Prosecution Service, the Federal Supervision Bureau and any party related to the issue, through investigation and exchange of information. http://burathanews.com/arabic/economic/393106

Federal Court: There Is No Immunity For Members Of Parliament Without The Issuance Of An Arrest Warrant For An Unmarked Felony

Pratha News Agency122 2021-05-25   The Federal Supreme Court decided, by Court Decision 90 / Federal / 2019 on 28/4/2021, to revoke previous court decisions regarding obtaining the approval of the House of Representatives in all crimes for which members of Parliament are accused, whether they are felonies, misdemeanors, or offenses.

The court decided that obtaining the approval of the House of Representatives is limited to one case only, which is the issuance of an arrest warrant for a crime of the type of felony that is not witnessed, except for the immunity of members of the House of Representatives, and legal measures can be taken against them directly in the event that any of them is charged with a felony, misdemeanor, or contravention.

The court also decided to reverse the court’s previous decision regarding the interpretation of the concept of an absolute majority. The court decided that the concept of an absolute majority wherever it is contained in the constitution is intended to be more than half of the actual number of members of the House of Representatives.

As for the simple majority, what is meant is more than half of the number of members of Parliament present after the quorum has been achieved.

With this decision, courts are able to settle corruption cases faster than before, because most corruption crimes are described as misdemeanor crimes, and resolving them depends on lifting the immunity of the accused person, if he is a member of Parliament.   http://burathanews.com/arabic/news/393097

A Legal Expert Clarifies Supreme Court Decisions To Lift Immunity And Abandon The Majority Interpretation

Time: 05/25/2021 13:23:21 Read: 3,211 times  {Politics: Al-Furat News} A legal expert explained the decisions of the Federal Supreme Court regarding lifting the legal immunity of members of Parliament.

Tariq Harb told Al-Furat News Agency, “The Federal Supreme Court’s decision is in accordance with the provisions of the constitution, because the constitution differs between two cases, the first being the case of the witnessed crime, as the constitution did not assign the matter to the House of Representatives, meaning that if there was a crime witnessed by one of the representatives, the court has the right to … It gives an order to arrest him directly without the need to waive his immunity from the House of Representatives. “

And as for the other cases, they need to lift his immunity from Parliament, after which the court has the right to issue an arrest warrant.

Harb pointed out, “The new thing in the statement of the Federal Supreme Court is a mention to the House of Representatives indirectly, that {you, the House of Representatives, take the necessary measures regarding requests by the judiciary to lift immunity}, indicating that” it follows from that the inspiration to the House of Representatives that Although the lifting of immunity requires a vote by members of Parliament, but you must take into account the requests of the Judicial Council to lift the immunity of some deputies}, because there are transactions of up to twenty or more that are still in place demanding the lifting of immunity for some deputies, but it has not yet been lifted. .

He explained, “We consider these an introduction to cases that will happen in relation to issues of integrity, and that the Supreme Court in its statement today gave a good, accurate and profound signal in this area, and the House of Representatives must take the necessary steps to interpret the statement issued by the Federal Court.”

The Federal Supreme Court decided today to revoke previous court decisions regarding obtaining the approval of the House of Representatives in all crimes for which members of the House of Representatives are accused, whether they are felonies, misdemeanors, or offenses. A crime of the type of felony that is not witnessed, except for the impunity of the members of Parliament, and legal measures can be taken against them directly in the event that any of them is charged with a felony, misdemeanor, or contravention.

The court also decided to reverse the court’s previous decision regarding the interpretation of the concept of an absolute majority. The court decided that the concept of an absolute majority wherever it is contained in the constitution is intended to be more than half of the actual number of members of the House of Representatives. As for the simple majority, what is meant is more than half of the number of members of the House of Representatives present after the quorum has been achieved.

He pointed out that “with this decision, the courts can settle corruption cases faster than before, because most corruption crimes apply to the description of misdemeanor crimes, and resolving them depends on lifting the immunity of the accused person, if he is a member of Parliament.”   LINK

Parliamentary Finance Shows The Impact Of The Increase In Oil Prices On The Iraqi Economy

Pratha News Agency89 2021-05-25   Today, Tuesday, a member of the Parliamentary Finance Committee, Jamal Cougar, pointed out to the most prominent doors that the financial surplus can be directed to from the global price difference of a barrel of oil.

Cougar said in a press interview that “global oil prices at this stage are considered very normal compared to the price in the federal budget, and it is not possible to talk about the existence of a surplus between the two prices, on many considerations, including that the prices are currently approximately 66 dollars per barrel of Brent type.” Iraqi oil is two dollars less or a little more, and the net price in the budget is 45 dollars. “

Indicating that “Iraq’s sale of oil at $ 62 a barrel is not considered a net amount for the country’s treasury, given that the licensing rounds take between 14-16 trillion dinars, and for each barrel at least two dollars are given to companies, which means that the expenditures of each barrel amount to an estimate of up to 15 dollars, which means The surplus, even if it is there, will be very small. “

Cougar added, “In the event of an increase in global oil prices during the next few months, it is possible to benefit from it within the main chapters, the first of which is preparing a supplementary budget, given that holding elections in October will make it difficult for the next government and parliament to prepare a budget for the next year, which makes us need.” To a supplementary budget “,

Pointing out that “the other door is the possibility of benefiting from the expected surplus to pay off outstanding external loans that were due for payment and were postponed in the budget, including the prices of gas exported from Iran to Iraq to operate the power stations.”

“The third chapter is to feed the central bank’s reserves, from which a large amount of surplus amounts were withdrawn in previous periods, if they rose to large numbers, in order to revive it for its importance in the monetary and financial policy of the country.”   http://burathanews.com/arabic/economic/393098

The Ministry Of Oil Announces Total Oil Exports During The Past Month

Pratha News Agency84 2021-05-25   The Iraqi Ministry of Oil announced today, Tuesday, the total exports and revenues achieved for the month of April, according to the statistics of the oil marketing company “SOMO”.

The ministry said in a statement that the amount of crude oil exports amounted to 88 million 398 thousand and 319 barrels, with revenues of 5 billion 549 million and 517 thousand dollars.

The statistics indicated that the total exported quantities of crude oil for the month of April from the oil fields in central and southern Iraq amounted to 85 million 534 thousand and 916 barrels. As for the Kirkuk fields through the port of Ceyhan, the exported quantities reached two million, 863 thousand and 403 barrels.

It indicated that the quantities and revenues of the exported crude oil shipments that were marketed at a price premium to achieve additional revenues during the month of April reached a total of more than 74 million 992 thousand and 080 dollars, while the average price per barrel reached 62.779 dollars.

http://burathanews.com/arabic/economic/393099

“Because Of The Dollar” … A Continuous Rise In The Prices Of Construction Materials In Iraq

Economy   Monday 24 May 2021 | 02:51 PM| Views: 122   The Iraqi Ministry of Planning announced, on Monday, the high prices of construction materials in the local markets, attributing this to “the high exchange rate of the US dollar against the dinar .”

The Ministry’s Central Bureau of Statistics said in a report, that “the high exchange rate of the dollar in the local markets has led to an increase in the prices of local and imported construction materials in the private sector in varying proportions at the level of all governorates of the country except for the Kurdistan Region,” indicating that “64 building materials were followed up. Record high prices in the local markets . “

He added that “the most important indicators of the materials most used and influential in the market were for three materials that included bricks, cement and iron,” explaining that “the average price of ordinary bricks for the month of April last amounted to 168 thousand dinars per thousand bricks, registering a 20% increase over the average price of November, which It had reached 140 thousand dinars per thousand bricks, while the price of the Republican bricks for the month of April was 138 thousand dinars per thousand bricks, registering a 14% increase over the average price of the month of November, which amounted to 161 thousand dinars per thousand bricks .

The report indicated that “the average price of normal cement for the month of April last reached 104 thousand dinars per ton, recording an increase of 16% over the average price of November at 90 thousand dinars per ton, while the average price of resistant cement for the month of April was 126 thousand dinars per ton, registering an increase.” By 13% of the average price for the month of November at 112 thousand dinars per ton .

The statistics agency report indicated that “the prices of iron (shutters) from foreign origin for the month of April amounted to one million and 210 thousand dinars per ton, registering a 55% increase over the average price of November at 779 thousand dinars per ton, while the average price of iron (shilman) ) For the month of April, 19 thousand dinars per meter, a 27% increase over the average price of November, which amounted to 15 thousand dinars per meter .    

https://aynaliraqnews.com/index.php?aa=news&id22=147800

 To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/

Source: Dinar Recaps

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