“It will Fail” – Sun. PM TNT Thoughts/News 8-14-22

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CandyKisses:
The Sadrist bloc files a lawsuit against the three presidencies and demands the dissolution of Parliament

The obelisk obtained documents, Sunday, August 14, 2022, showing that the Secretary-General of the Sadrist bloc, Nassar al-Rubaie, submitted a lawsuit against the three presidencies.

According to the documents, Al-Rubaie calls for “the dissolution of the House of Representatives for the current fifth session for the reasons stated in the petition, as well as obligating the President of the Republic to set a date for holding legislative elections in accordance with the provisions of Article 64 II of the Constitution, in addition to charging the defendants, in addition to their job, all expenses, judicial fees and attorney’s fees.”

The Ministry of Finance issues instructions on the powers of disbursing the Food Security Law

The Ministry of Finance issued instructions for the powers of disbursing the Food Security and Development Law No. 2 of 2022.

The Ministry of Finance called on “all ministries and agencies not associated with a ministry to review the budget department to receive instructions.”

The House of Representatives had voted to approve the emergency support for food security and development law on June 8, at a value of $18 billion, due to the absence of a budget for 2022.

RE: The Emergency Food Security Law: 

KaseyKo1:
I think Monday is going to be a pivotal day for us in what happens next.

Annie68:
I thought they were already using that law.

KaseyKo1:
Annie, the law passed but has not been implemented, which is causing a lot of stress for a lot of their people for the politicians not to allow the implementation of the law. They’re claiming a few of the articles they have a problem with. Back to the court they go on it.

Yada:
I believe it is a desperate attempt to disqualify it using the old line,,,they were a caretaker government, BUT they were in a state of emergency even at that point when they exceeded the number of days form a government,, IT WILL FAIL!!!

Rock1941:
what will fail, the law or the attempt to stop it?

Yada:
Their ability to stop it. The Law is ratified.  They are long past the time frame to form a government. Read it was 75 days from when the vote was completed. Even with all the court challenges to stop this or that, they are still past the time.

KaseyKo1:
Concerning the Food Law, I think it was a brilliant move for them to let the law pass on its own in 15 days instead of there being a signing off on the law. Just made it harder for the opposing side to dispute any legality with it.

After yesterday’s meetings with the UN & now with the court ruling, today should prove to be interesting.

Tishwash:
Al-Sadr’s minister calls for “million” demonstrations in Tahrir Square in central Baghdad

The “Minister of the Leader” who is close to the leader of the Sadrist movement, Muqtada al-Sadr, called on all Iraqis, on Saturday, to go out in “million peaceful” demonstrations in Tahrir Square in the center of the capital, Baghdad.

This came in a blog published by the “Minister of the Leader” on social networking sites “Facebook”, and attributed to Al-Sadr.

And he, close to Al-Sadr, said in his publication, “This is my last call (..) After the protest was divided into two camps, it became imperative for me to investigate which of the camps is more numerous and sympathetic to the Iraqi people, regardless of their affiliations.”   link

The Governor Of The Central Bank Reveals Positive Indicators Of Non-Oil Revenues

The Governor of the Central Bank of Iraq, Mustafa Ghaleb, said, Saturday, that the reserves of the central banks are variable and depend on how they are managed, while he stressed the existence of positive indicators that confirm the continued increase in the growth rates of domestic product and non-oil government revenues.

Makheef said, to the official agency and followed by / the information /, that “the reserves of the central banks change from time to time, and this depends on how these reserves are managed, in addition to the ways in which Iraq was financed at the end of 2020, where the Central Bank took the initiative to cooperate with the operating financial institutions.

In Iraq and the Ministry of Finance, among other measures, which bore fruit over time, especially after the improvement of oil revenues to the Ministry of Finance at a time when there was a lack of liquidity in the government, especially in the distribution of salaries, and economic indicators indicated that oil prices will improve and there will be positive indicators in the coming period.

He added, “These indicators were within the economic analyzes and were well positive, and included the rise in oil prices, the government’s implementation of the white paper seriously, and then the search for an increase in non-oil government revenues, and this we expect to reap its fruits during the next stage.”

He pointed out that “the Central Bank has undertaken a very large initiative during the last period, as it launched an initiative within a fund that was allocated 18 trillion dinars and distributed in various industrial, agricultural, commercial and investment sectors, and there are positive responses that we have seen in the housing sector through great development in residential complexes and the citizen’s obtaining a loan A facilitator of this initiative is useless.”

He expressed his hope that “during the coming period, there will be a continuous growth of economic indicators, especially in the reserves, to give indicators for the region and the world that encourage investment projects in Iraq,” stressing that “all indicators so far indicate the continued increase in GDP growth rates for a short period.

He noted that, “the residential complexes have provided, during the past few years, through the initiative of the Central Bank, a lot of job opportunities, as well as provided housing for many citizens,” stressing that “continuing to provide the initiative, in addition to allocating a fund for this support, and the next stage will be much better.”   link

Source: Dinar Recaps

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