Fri. PM KTFA News Articles 6-18-21



Don961 » June 18th, 2021

The decrease in the value of salaries by 50% and the increase in material prices by 30%.. This is what the dollar caused in Iraq

2,646 sweeteners 2021/06/17 19:50 mum Baghdad today – Baghdad

Today, Thursday, the Director of the Diwaniyah Chamber of Commerce, Mahmoud Al-Laithi, announced that the prices of foodstuffs have increased by more than 30% due to the increase in the price of the dollar, indicating that the employee’s income in the governorate has been damaged by 50%.

Al-Laithi said in an interview with (Baghdad Today), “The Diwaniyah market was greatly affected by the price of the new dollar and its fluctuation, which requires the government to stop it urgently and seriously.”

He added that “food prices rose to more than 30% of their previous price,” noting that “this rise caused the employee to lose about 50% of the purchasing value of his salary.”

He continued, “Saad’s rise in oil barrels above the prices set in the budget requires the government to review the exchange rate and return it to its previous custody,” noting that “the market is witnessing a stagnation, as well as the emigration of traders and capital.”

Al-Leithi pointed out that “most businessmen have abandoned Diwaniyah because the province is not attractive to investment projects, which prompted them to migrate and implement projects in the provinces of Najaf, Karbala and the Kurdistan Region.”

He stated that “administrative red tape and corruption are another reason behind businessmen evasion from implementing any project in the province.”  LINK

Samson » June 18th, 2021

A legal expert clarifies the most important contradictions in a draft law on “recovering smuggled money”

10:00 – 18/06/2021

The legal expert, Ali Al-Tamimi, pointed out the most important contradictions in the law on recovering the proceeds of corruption aimed at recovering smuggled money at home and abroad, which was presented by the Presidency of the Republic.

Al-Tamimi told Al-Maalouma, “The draft law on recovering the proceeds of corruption presented by the Presidency of the Republic consists of 45 articles and aims to combat corruption and ways to recover smuggled funds internally and externally. Contrasting international laws and agreements. He added, “The project obligated the holders of special positions to submit their accounts in other countries, and this is not possible and is not binding on these countries unless there are bilateral agreements with them. Article 9 of the draft.

And he indicated that “Article 11 of the draft law relates to the confiscation of the seizures, and it was not known what these seizures were, because the confiscation of the money is based on a civil case, and the penalty is a fine from the competent court.”

He pointed out that “the law required the follow-up of the money even after the death of the accused, and this violates Article 150 of the Iraqi Penal Code and the charge falls, in addition to the fact that “the draft law did not refer to Article 47 of the penal code related to confidential communications.” 


The Iraqi parliament reveals state-owned properties abroad and registered in the name of people

18th June, 2021

The Iraqi parliament revealed the existence of state-owned properties in European and Arab countries, but they are registered in the name of media and intelligence figures.

According to statements to the Iraqi News Agency (INA), Taha Al-Difai, a member of the Integrity Committee in the Iraqi Parliament, confirmed the existence of real estate registered in the name of media fronts and intelligence figures.

Al-Dafii explained that Iraqi property and real estate abroad are either real estate belonging to the Ministry of Foreign Affairs, or other ministries such as commerce, education and agriculture, or real estate belonging to the former regime, including the Cannes Palace or Paris and others.

He revealed that the last type was purchased “in the time of the former regime and registered in the name of media fronts, intelligence figures and important Arab personalities,” noting that it was used during the time of the former regime in various political orientations.

Al-Difai stressed that these properties were “hidden from the state and there is not enough information about them.”And about the method of recovering them and knowing their details, a member of the Integrity Committee in the Iraqi Parliament confirmed that this matter needs great efforts to know these properties through some of the interfaces through which they can be accessed.

Regarding the locations of these properties, Al-Dafii pointed out that they arebetween Arab and European countries, pointing out that there are “important farms affiliated to the Ministryof Trade in Cuba and Vietnam, which are for rice, tea and tobacco, which are known and registered in the names of the ministries

The Iraqi parliamentarian demanded that the Ministry of Foreign Affairs follow up on these properties, and “dispose of them according to the legal contexts followed, such as selling or investing them   LINK

Al-Kazemi’s advisor determines a way to control the exchange rate

18th June, 2021

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Friday, that the monetary policy of the Central Bank is able to control the stability of the exchange rate.

Salih said, according to the official media, that “the monetary policy of the Central Bank of Iraq and its sufficient foreign reserves has the ability to intervene in the exchange market by meeting legitimate demands for foreign currency, in both its two forms, the monetary dollar and foreign transfers in foreign exchange and for the account of bank customers from private sector traders seeking to finance their trade.” foreign goods, services and various benefits.

He pointed out that “this policy also has the ability to meet small commercial requests in the same foreign currency, which is being met additionally, which is also one of the important windows in stabilizing the exchange rate at its official borders, all of which leads to the stability of the general level of prices.”

He added that “controlling the levels of local liquidity by sustaining the operations of sterilizing the surplus of local liquidity to achieve balance in the exchange market and in accordance with the objectives specified in the amended Central Bank of Iraq Law No. 56 of 2004 will remain the practical course in correcting emergency price deviations and controlling and sustaining stability.”

The Central Bank of Iraq had confirmed, earlier, the stability of the dollar exchange rate and the absence of any intentions to change it.  LINK

Russia announces its withdrawal from the Open Skies Treaty by the end of 2021

18th June, 2021
Russia announced on Friday that it will formally withdraw from the Open Skies Treaty at the end of this year.

“On June 18, the Federal Law on Russia’s Withdrawal from the Open Skies Treaty entered into force,” the statement from the Russian Foreign Ministry stated.

The ministry explained that “the Russian side sent the notifications stipulated in the treaty to its affiliates (Hungary and Canada) and the rest of the participating countries through embassies in the respective capitals, as well as through delegations to the Open Skies Advisory Committee in Vienna.”

She added, “Russia notified all participating countries of its decision to withdraw from the treaty 6 months after sending the notification, and therefore this will happen on December 18.” She pointed out that “the full responsibility for the collapse of the Treaty of Open Skies lies with the United States.”

She noted, “The West must realize that it is impossible to guarantee its security without taking into account the interests of Russia and its allies.”    LINK

Source: Dinar Recaps


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