“Egg on their Faces” – Wed. PM KTFA Thoughts, News w/ MilitiaMan 6-16-21

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KTFA

Samson » June 16th, 2021

Parliamentary Committee: The blocs behind raising the price of the dollar impede the questioning of the Minister of Finance and the Governor of the Central Bank

15th June, 2021

The Parliamentary Economy and Investment Committee held, on Tuesday, some political blocs responsible for delaying and disrupting the interrogation of Finance Minister Ali Abdul Amir Allawi and Governor of the Central Bank of Iraq, Mustafa Ghaleb Mikhaif.

Committee member Nada Shaker Jawdat told Shafak News Agency, “Members of Parliament demanded to host and interrogate the Minister of Finance and the Governor of the Central Bank of Iraq after changing the exchange rate of the dollar against the Iraqi dinar, and the increase in commodity and commodity prices in the markets during the last period.”

She added, “Some political blocs bear responsibility for delaying and disrupting the questioning of the Minister of Finance and the Governor of the Central Bank for political and personal purposes. They themselves bear the responsibility for the high exchange rate that exceeded 150,000 Iraqi dinars per 100 dollars.”

A number of political blocs and members of the House of Representatives demanded, several times, to question Finance Minister Ali Allawi, and to remove him from his position because of his policy, which some of them described as “failed.”

Jawdat continued, by saying that “the change in the exchange rate and the rise in prices broke the back of the citizen, especially those with daily sustenance and those with limited income.”

The Iraqi Council of Representatives failed to hold a session to interrogate Finance Minister Ali Allawi at the end of last May.

Parliament also failed to hold a session at the beginning of this year to interrogate the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhiv.   LINK

MilitiaMan » June 16th, 2021

There you go. The politicians bear responsibility. They know they have egg on their faces.. The CBI didn’t change the rate on the street. Many thing were and can be attributed to the decrease in value of the IQD and the USD on the street.. Rumors, fake news, scare tactics, etc.. All played a part in this. Now that the Kurds and Baghdad have an agreement, then the next step is to pay retroactive monies.. imo, it will not be at a PR (Program Rate) .. imo ~ MM

Samson » June 16th, 2021

Assigning Al-Saadi as Executive Director of the Higher Committee for Economic and Financial Reform

16th June, 2021

The Ministry of Finance announced, on Wednesday, the assignment of Counselor Alaa Abdul-Hussein Al-Saadi as Executive Director of the Higher Committee for Economic and Financial Reform, indicating that this came to implement the requirements of the reform program.

And the ministry’s media office said, “The Prime Minister’s Office decided to assign Counselor Alaa Abdul Hussein Al-Saadi, to be the executive director of the Supreme Committee for Economic and Financial Reform.”

He added, “This came in line with the importance of the economic and financial reform plan and in order to enhance its tasks in a manner that ensures the implementation and completion of its entire premises aimed at correcting the foundations of the Iraqi economy, and based on Cabinet Resolution No. (50) for the year 2021 related to the approval of the white paper for economic and financial reform, which includes the formation of (the Supreme Committee). For reform) headed by the Prime Minister and Minister of Finance as Vice-President and the membership of the ministries and relevant authorities and for the requirements of implementing the reform program, following up and providing the necessary support to the responsible authorities and setting the necessary regulatory frameworks for its implementation.

Al-Saadi held several positions outside and inside Iraq, the last of which was the head of the Iraq Securities Commission.     LINK

DeepWoodz » June 16th, 2021

Imo…Well this could be HUGE because Kadhimi has been in charge. This is the committee in charge of the white paper.

Iobey777 » June 16th, 2021

I will agree with that!! Sometime SOON, IMO, we are going to see that shiny new RATE posted on the CBI!!

Source: Dinar Recaps

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