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Tues. AM TNT News Articles/Thoughts 1-10-23

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TNT

CandyKisses:
Former MP: The rise in the dollar is an emergency crisis, and one of its causes is American politics

Information / Baghdad .. 

Member of the Strategic Planning Committee in the former Parliament, Raed Fahmy, attributed, on Tuesday, the reason for the continued rise in the exchange rate of the dollar against the dinar to several reasons, foremost of which are the audit measures taken by the Central Bank, stressing that the crisis is urgent and will go away. 

Fahmy said in a statement to “Information”, that “the high exchange rate of the dollar against the Iraqi dinar is linked to a political and administrative situation,” noting that “the most important reason is the audit procedures carried out by the Central Bank regarding foreign transfers, and that the outlets opened by the Central Bank are not sufficient for the demand for dollar, which called on traders to go to the parallel market.

He added, “The political reason is related to the US Federal Bank’s strict measures for political goals in order to put pressure on the Iranian side, and this requires Iraq to deal with Iran in Iraqi dinars,” stressing that “

The prices of the US dollar recorded a new high against the Iraqi dinar on the local stock exchange, as the exchange rate passed 160 thousand dinars per 100 dollars in the latest wave of growth. 

Source: Dinar Recaps

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Tishwash:
The government finishes the draft budget and it is likely to send it to Parliament within 48 hours

The deputy of the Al-Fateh Alliance, Madiha Al-Moussawi, confirmed, on Tuesday, that the Ministry of Finance has finished preparing the draft budget law for the current year, and it is likely that the draft law will be sent to Parliament during the next two days.  

Al-Mousawi said, in a statement to Al-Maalouma, that “confirmed information indicated that the Ministry of Finance’s review of the draft budget law for the current academic year ended on Monday.”  

She added, “The government will send the budget to the House of Representatives during the next two days,” indicating that “if the draft law reaches the House of Representatives, it will be presented to the Finance Committee for study, and then it will be presented to the House of Representatives, where it will be read first, and in the second reading, notes will be presented by members of the parliament.” Council to adopt them in proportion to the interest of ministries and provinces. 

Al-Moussawi indicated that “the House of Representatives has a great determination to approve the budget as soon as possible, in order to start the real implementation of the government program for the Sudanese government.”   link

Skinman:
Besides the announcement and the budget being passed, can anyone tell me what else is required for the RI/RV to take place?

Babysmom:
Skinman that’s it

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CandyKisses:
Government movement to complete the requirements for Iraq’s accession to the World Trade Organization

Economy News – Baghdad

The Ministry of Commerce  detailed its plan to complete the requirements for Iraq’s accession to the World Trade Organization.

The media center in the ministry told the official news agency that “the committee on Iraq’s accession to the World Trade Organization, headed by the Minister of Commerce and the membership of representatives of ministries and bodies as well as representatives from the private sector, is working to complete the requirements of Iraq’s accession to the organization.”

He explained that “the ministry’s plan during the current year includes the completion of technical accession files in terms of goods, services and intellectual property, in addition to harmonizing legislation and laws with the agreements of the multilateral organization.”

He pointed out that “the plan includes holding official meetings at the organization in Geneva, and to have high coordination with member states that carry an economic weight in the organization to mobilize support, accelerate accession procedures and make Iraq an active member and a partner in making economic decisions and formulating trade policies that enhance Iraq’s integration into the global economy.”

He pointed out that “the Minister of Commerce confirmed – within the prepared plan – the preparation of the Iraqi negotiating team, which will conduct negotiating rounds with the member states of the organization by strengthening the negotiating capabilities of members and benefiting from the experiences of countries.”

Tishwash:
Including Iraq .. Learn about the 5 largest Arab countries in possession of gold

Saudi Arabia continued to lead the list of the largest Arab countries in possession of gold reserves, based on the first report issued in 2023 by the World Gold Council.

The order was as follows:

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Saudi Arabia 323.1 tons

Lebanon 286.8 tons

Algeria 173.6 tons

Iraq 130.3 tons

Egypt 125.5 tons

Globally, the report data showed that the United States topped the world with reserves of the precious metal, amounting to 8133.5 tons, followed by Germany in second place with reserves amounting to 3355.1 tons, while Russia came in fifth place with reserves amounting to 2298.5 tons.     link

CandyKisses:
One of them is involved in “stealing the century.” Arrest warrants for employees of the Commission of Integrity

Baghdad Today – Baghdad

The Federal Integrity Commission revealed on Tuesday that two arrest warrants have been issued against former employees of the Commission on charges of bribery, inflated funds and illicit gain.

A statement by the Investigations Department of the Commission, received by (Baghdad Today), stated that “the Karkh Investigation Court, which is competent to consider integrity cases, issued an arrest warrant against a former employee of the Integrity Commission in accordance with Resolution (160 of 1983) on charges of impersonating a capacity in order to obtain sums of money in violation of the law.”

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She continued, “The same court issued an arrest warrant against the fugitive defendant and his wife, a former employee of the Commission,” indicating that the order was issued in accordance with the provisions of Article (19/II) of the Integrity and Illicit Gains Commission Law No. (30 of 2011), as amended, on the charge of failing to prove the increase in their funds.

She pointed out that “Judge Haider Hanoun confirmed, during a press conference held on the fourth of this month, that many appeals were received from the Commission’s employees to speed up the process of retrieving this “disabled son” from the Turkish side;

On January 3, the head of the Federal Integrity Commission, Haidar Hanoun, announced the recovery of 4 billion dinars from one of those accused of what was called “theft of the century.”

Hanoun said in a press conference followed by (Baghdad Today), that “4 billion dinars have been recovered from one of the accused,” noting that “the amount is part of the 17 billion dinars that must be paid by the accused, which is part of the money of the theft of the century.”

“Also, within days, Iraq will recover more than $80 million from the United States, which is part of the former regime’s smuggled funds,” he said.

Source: Dinar Recaps

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