Government official: Iraq is not thinking of floating the currency at the moment
A government official confirmed, on Wednesday, that Iraq is not considering floating the currency currently, indicating that the flotation at the present time will threaten the collapse of the country’s economy.
The official said in an interview with Shafaq News Agency, “The rentier nature of the Iraqi economy makes it difficult to float the Iraqi currency, and therefore Iraq is not currently thinking of floating it.”
The official, who asked not to be named, added, “Access to hard currency in Iraq comes mostly from our oil exports, which is in the hands of the government, and that the local market is circulating for it and does not bring this currency, and therefore its flotation will threaten the Iraqi economy with collapse because it will increase demand for it in exchange for limited supply.”
He also indicated that “floating the currency without diversifying the economy will have negative repercussions on the purchasing power of the Iraqi consumer, especially the middle and poor groups,” adding that, “the float is on the table with the government in the long run because of its importance in stimulating the production process in the country.”
It is noteworthy that some officials talk from time to time on the necessity of floating the currency and liberalizing it to preserve the hard currency reserves with the Central Bank. link
Despite paying all the war debts, Iraq is obligated to pay other money to Kuwait
Iraq’s permanent envoy to the United Nations, Muhammad Hussein Bahr Al-Uloum, announced today, Wednesday, that Iraq will pay all the foreign debts imposed on it within the Security Council resolution as a result of the occupation of Kuwait, while indicating that there are bilateral debts .outside this resolution that Iraq is still committed to paying
Bahr Al-Uloum (Baghdad today) said that “there is a debt owed by Iraq to Kuwait, “.although it was able, within the Paris Club, to reduce 80% of the debt
He added that “Iraq negotiated with countries on a bilateral basis and was able to extinguish some of them and some of them were paid.
These debts, although related “.to the previous regime, are not linked to the UN Security Council Bahr Al-Uloum indicated that “there is international cooperation regarding the “.remaining debts to reduce many of them link
Sources: An upcoming meeting of the coordination framework to take decisions to dissolve parliament and go to early elections
Sources close to the coordination framework revealed, today, Wednesday, that an important meeting of the leaders of the framework will be held tomorrow, Thursday.
The sources, who requested anonymity, confirmed that “the leaders of the coordination framework will hold an important meeting tomorrow evening, Thursday, in Baghdad, in order to take important decisions regarding the next stage.”
Indicating that “the decisions hoped to be taken are related to dissolving the parliament and going towards early parliamentary elections, in addition to the framework’s position on forming the new government, in light of the Sadrist movement’s sit-in inside the Green Zone and near the Iraqi parliament building. link
Al-Kazemi from Mosul: We hope to solve the political blockage, and the corrupt will become terrorists
Prime Minister Mustafa Al-Kazemi expressed his hope to “resolve the political impasse,” calling for “dialogue between all partners.”
In his speech on the occasion of laying the foundation stone for the reconstruction of Mosul International Airport, Al-Kazemi said: “We are working to overcome challenges, as Iraqis deserve to provide the best, and service projects we will continue to complete to serve the people.” He added, “I am here today to fulfill my promise to lay the foundation stone for Mosul Airport. We were a little late, but the achievement came correctly.”
And Al-Kazemi indicated that “the Mosul airport project is a strategic project for Umm Al-Rabeein, and direct work will start from today,” noting that “Mosul has suffered a lot of confusion and the policies of terrorism.”
“How do we turn challenges into opportunities, as they need cooperation and mobilization of energies for a future worthy of Iraqis,” he asked. He stressed, “We will not allow the corrupt to invest in projects to squander the people’s money and for everyone who works for them and the corrupt will be the fate of the terrorists.
And Al-Kazemi continued, “We are happy to lay the foundation stone with everyone, with the presence of government members and parliamentarians, and Mosul Airport, which will provide job opportunities, transport and investment.”
He praised “the other projects of the province, and soon we will attend the opening of the Great Al-Nuri Mosque. We thank those who worked in the reconstruction of the Great Al-Nuri Mosque from UNESCO and the consulting office of Engineer Rakan Al-Allaf.”
Source: Dinar Recaps
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