Sun. PM KTFA News Articles 7-11-21



Samson » July 11th, 2021

Kurdistan announces receipt of 200 billion dinars from Baghdad

11th July, 2021

The Ministry of Finance in the Kurdistan Region announced, on Sunday, that it has received 200 billion dinars from the federal government.

The ministry said in a brief statement that Mawazine News received a copy of it, that “within the framework of the implementation of the agreement between Kurdistan and Iraq, the first amount of 200 billion dinars was placed by the federal government in the account of the Ministry of Finance and Economy of the Regional Government in the Iraqi Central Bank / Erbil branch.”  LINK

Finance Minister: The white paper will set the main steps for preparing budgets for the coming years

11th July, 2021

Minister of Finance, Ali Abdul Amir Allawi, confirmed, on Sunday, that the white paper will set the main steps for preparing budgets for the coming years.

A statement by the ministry, which Mawazine News received a copy of, stated that “the Minister of Finance, Ali Abdul Amir Allawi, chaired, today, at the ministry’s headquarters, a session to follow up the implementation of the reform projects of the “white paper” in the presence of the Executive Director of the Economic Reform Committee Alaa Al-Saadi and the Undersecretary of the Ministry Taif Sami Advisers to the Minister of Finance and the general directors of the ministry.

The statement added that “the meeting discussed the reform axes identified by the white paper represented by the public financial management and financial information systems, as part of its steps, which are among the important steps to achieve sustainable financial stability and give an opportunity to achieve other structural reforms.”

He continued, “The meeting discussed the implementation of the integrated financial information management system project, which will contribute to increasing the speed of electronic communication for the ministry and the rest of the ministries in order to provide accurate information and will enhance the oversight role on financial accounts and not exceed the financial appropriations established in the budget, in addition to facilitating the process of implementing the program and performance budget.”

The minister said, “The application of the financial management system and the information management system will enhance the state’s access to the necessary funds and control government spending, which will lead to spending these funds efficiently and effectively in accordance with the state’s financial policy.”

Allawi indicated, “The continuing follow-up to the content of the white paper to reform the financial and economic affairs, which will set the main steps for preparing budgets for the coming years.”


Kurdistan Region suspends official working hours on July 14

10th July, 2021

According to the official holidays of the Kurdistan Regional Government, work hours in departments and institutions will be suspended for one day during this week.

According to the schedule, the regional government suspends official working hours on the 14th of July of each year on the occasion of the founding of the Iraqi Republic.

The Iraqi Republic was established following the July 1958 movement , which overthrew the Iraqi kingdom, where King Faisal II was king of Iraq.   LINK

The Secretariat of the Council of Ministers will suspend the official working hours next Wednesday

11th July, 2021

The General Secretariat of the Council of Ministers announced, on Sunday, an official holiday next Wednesday, on the occasion of the founding of the Republic of Iraq.  

The secretariat said in a document issued by it, which (Al-Oula News) obtained a copy of (July 11, 2021), “We inform you that Wednesday, July 14, 2021, is an official holiday on the occasion of the founding of the Republic of Iraq in accordance with the official holidays law in force, with the exception of security, health and service departments and institutions.“     LINK

Kurdistan announces the first day of Eid al-Adha

07/10/2021 09:31:15

The Ministry of Endowments and Religious Affairs in the Kurdistan Region announced that Tuesday, July 20, is the first day of Eid al-Adha.

The ministry said in a statement that {Euphrates News} received a copy of it, that “July 19 is the day of standing on Mount Arafa, and the following day will be the first day of Eid al-Adha.”

And the Supreme Court in Saudi Arabia announced that today, Saturday, is the completion of the month of Dhu al-Qa’dah for the year 1442 AH, and that next Sunday, July 11, is the first day of the month of Dhu al-Hijjah for the year 1442 AH, after it was not possible to see the crescent of the month of Dhu al-Hijjah yesterday evening Friday.   LINK

An unprecedented collapse.. 2 million Lebanese pounds for only $ 100

11th July, 2021

The exchange rate of the dollar on the black market continued to rise to an unprecedented extent against the Lebanese pound, on Sunday, July 11, 2021, as it recorded 2 million pounds against the 100 dollars.

This rise forced many owners of commercial establishments to close their doors for fear of selling their goods at a loss and for their inability to purchase new goods at the new exchange rate.

It is likely that the dollar exchange rate will continue to rise, especially after information indicated that Prime Minister-designate Saad Hariri may apologize for forming a government.

Because of the continuous rise in the dollar exchange rate and as a result of the deteriorating economic and living conditions, protesters blocked roads in a number of Lebanese regions.

Demonstrators blocked the road at Martyrs’ Square with burning tires in the southern city of Sidon.

Others blocked the road in front of the city’s electricity company with waste containers, in protest against the total power cut two days ago in all the city’s neighborhoods, which was reflected in the rationing of drinking water, in addition to the collapse of the living and economic situation, the rise in the dollar exchange rate and the price hike.

The people of Markaba town, south of Lebanon, staged a sit-in in front of the water station on the town’s main road, lit tires, and blocked the road for some time, before reopening it in protest against the water cuts and the difficult economic conditions.  LINK

Source: Dinar Recaps


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