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[size=24]Parliament Financial Reporter: The exchange rate does not change by a parliamentary decision .. One party is responsible[/size]
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[size=16]02/28/2021 21:36[/size]
[size=16]Baghdad today - Baghdad [/size]
[size=16]The representative of the Parliamentary Finance Committee, Representative Ahmed Al-Saffar, said today, Sunday (February 28, 2021), that the desired goal of changing the exchange rate of the dollar against the Iraqi dinar has not been achieved, indicating that what is being said about the interference of political forces to restore the exchange rate To what it was before changing an order outside the powers of the blocs and parliament. [/size]
[size=16]Al-Saffar said, in a televised interview, followed by (Baghdad Today), that "determining the exchange rate is the exclusive jurisdiction of the Central Bank of Iraq and it is not permissible to interfere in the bank's work." ".[/size]
[size=16]He stressed that "setting the new exchange rate was based on a government decision and negotiations with the World Bank." [/size]
[size=16]On the results of the devaluation of the currency, Al-Saffar commented by saying that "the direct effects of changing the exchange rate caused inflation in the market and raised prices by 20-25%, because it was assumed that citizens would turn to local goods after the imported goods rose, and this means that the desired goal has not been achieved." . [/size]
[size=16]He added, "But the problem is that there is no competition that favors local goods until the change in the exchange rate achieves significant local results." [/size]
[size=16]Regarding the existence of a political move to restore the exchange rate of the dollar to before a change decision, the parliamentary finance rapporteur affirmed, "What is said about the intention of political forces to intervene to set the exchange rate is a conversation outside its powers, because it is exclusively within the government's authority and will not be permitted." [/size]
[size=16]And on the latest developments in the 2021 budget bill, between Al-Saffar Yesterday, Saturday, a member of the Legal Committee in the House of Representatives, Representative Hussein Al-Oqabi, revealed the fate of the parliamentary movement regarding changing the exchange rate of the dollar and returning it to the previous price, while he confirmed that most of the parliamentary blocs insist on the survival of the new price.[/size]
[size=16]Al-Aqabi said in an interview with (Baghdad Today), "The government and most of the parliamentary blocs, unfortunately, do not want to return the dollar exchange rate to the previous price," indicating that "the continuation of this matter will have consequences and great harm to the Iraqis."[/size]
[size=16]He added that "raising the dollar exchange rate has caused great harm to the poor class, but the government and influential parliamentary parties refuse to return the exchange rate to the previous one," noting that "its mass (the national approach) has a firm position on reconsidering the exchange rate and has proposed an intermediate option to reduce the price to 1300 instead." From the new price. " [/size]
[size=16] Al-Uqabi indicated that "his mass will boycott Parliament's sessions if the government continues to adopt the new exchange rate."[/size]
[size=16]Earlier, the National Approach Parliamentary Bloc presented, today, Saturday (February 27, 2021) 40 amendments to the budget bill for 2021, including the return of the exchange rate to the previous one, indicating not to vote on the bill. [/size]
[size=16]The bloc demanded, in a statement received (Baghdad Today), to make 40 amendments to the draft budget law for 2021 and the following agencies:[/size]
[size=16]1. Restoring the exchange rate to what it was previously, as the damages of this decision became clear early and the Finance Committee proposed allocating (500) billion dinars as compensation to the contractors contracted with The government expresses the difference in price, and the first is to notice the harm to millions of Iraqis, who are poor, covered by the social welfare network, and with limited income, and all of these damages necessitate restoring the exchange rate to what it was previously.
2. That the deficit does not exceed 3% of the GDP.
3. Expanding the titles of sovereign expenditures to include (the Ministry of Oil, Transport and Water Resources, and the inclusion of the security and defense sector in all its ministries and institutions, as well as the contingency reserve).
4. Abolishing Article (38) which permits the privatization of all the state’s production and service sectors and permits the participation of investors and contractors in ownership of oil and gas fields, power stations, Iraqi Airways aircraft and government banks.
5- Abolishing Article (47) which permits the sale of the state’s financial assets, including industrial, infrastructure, and others.
6. Abolishing the two articles (42 and 41) that allow the sale of state-owned agricultural lands to those who have the right to dispose of them at a value much less than its real value and will create widespread social conflicts
7. We reject the proposal to withhold the ration card from a family whose monthly income is one million dinars, and we demand that it be increased to include withholding only those whose monthly income exceeds two million dinars.
8- We present the proposal of the Al-Nahj bloc regarding the articles of the Kurdistan region: A- Abolishing the first paragraph of Article (11) that calculates the Kurdistan region’s dues for previous years from 2014 to 2019 despite not delivering oil and non-oil revenues. B - Paragraph Second - A of Article (11) is amended to be (the region is obligated to deliver 460,000 barrels per day to SOMO, and in the event that its production exceeds this amount, it is obligated to deliver it also to the Iraqi Oil Marketing Company (SOMO). C- Adding Article Seven of the Current Deficit Financing Law (determining the Kurdistan region’s share of the total actual spending (current expenditures and investment project expenditures) after excluding the sovereign expenditures specified in the Federal Budget Law of the Republic of Iraq for the fiscal year 2021) and adding the expenditures of the Ministry of Oil, the Ministry of Transport and the Ministry of Resources Water and the inclusion of the security and defense sector in all its ministries and institutions to be included in the sovereign expenditures as well as the emergency reserve) provided that the Kurdistan region is committed to handing over (460) thousand barrels per day to the Iraqi Oil Marketing Company (SOMO) exclusively, as well as deliver Mazad on those quantities and all non-oil revenues of the federal and in case Failure to comply with the region, expenses may not be paid to the region, and the violator of this provision bears legal responsibility). D- Paragraph III (a, b, and c) that obliges the federal authorities to pay the region’s loans and financial obligations that it entered into in the years (2014 to 2019) shall be canceled. E - Article (11 - third) - to be reformulated (the region is obligated to pay the loans owed to the Iraqi Trade Bank).
9. Obligating the mobile phone companies to pay their fines and financial obligations within thirty days, otherwise the license is withdrawn from them.
10. Reviewing contracts for mobile phone companies in order to achieve the lifting of unfairness from the Iraqi state and achieve the highest economic benefit for it.
11- Canceling the oil licensing rounds and replacing them with a formula that achieves the highest benefit to the Iraqi state and eliminates previous injustice. 12. Abolishing the salary deduction for public employees and increasing the tax on senior officials, special ranks, general managers and those of their grade.
13. Amending Article 57 of the Budget to oblige the government to publish budget execution instructions in the official gazette[/size]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
[size=16]02/28/2021 21:36[/size]
[size=16]Baghdad today - Baghdad [/size]
[size=16]The representative of the Parliamentary Finance Committee, Representative Ahmed Al-Saffar, said today, Sunday (February 28, 2021), that the desired goal of changing the exchange rate of the dollar against the Iraqi dinar has not been achieved, indicating that what is being said about the interference of political forces to restore the exchange rate To what it was before changing an order outside the powers of the blocs and parliament. [/size]
[size=16]Al-Saffar said, in a televised interview, followed by (Baghdad Today), that "determining the exchange rate is the exclusive jurisdiction of the Central Bank of Iraq and it is not permissible to interfere in the bank's work." ".[/size]
[size=16]He stressed that "setting the new exchange rate was based on a government decision and negotiations with the World Bank." [/size]
[size=16]On the results of the devaluation of the currency, Al-Saffar commented by saying that "the direct effects of changing the exchange rate caused inflation in the market and raised prices by 20-25%, because it was assumed that citizens would turn to local goods after the imported goods rose, and this means that the desired goal has not been achieved." . [/size]
[size=16]He added, "But the problem is that there is no competition that favors local goods until the change in the exchange rate achieves significant local results." [/size]
[size=16]Regarding the existence of a political move to restore the exchange rate of the dollar to before a change decision, the parliamentary finance rapporteur affirmed, "What is said about the intention of political forces to intervene to set the exchange rate is a conversation outside its powers, because it is exclusively within the government's authority and will not be permitted." [/size]
[size=16]And on the latest developments in the 2021 budget bill, between Al-Saffar Yesterday, Saturday, a member of the Legal Committee in the House of Representatives, Representative Hussein Al-Oqabi, revealed the fate of the parliamentary movement regarding changing the exchange rate of the dollar and returning it to the previous price, while he confirmed that most of the parliamentary blocs insist on the survival of the new price.[/size]
[size=16]Al-Aqabi said in an interview with (Baghdad Today), "The government and most of the parliamentary blocs, unfortunately, do not want to return the dollar exchange rate to the previous price," indicating that "the continuation of this matter will have consequences and great harm to the Iraqis."[/size]
[size=16]He added that "raising the dollar exchange rate has caused great harm to the poor class, but the government and influential parliamentary parties refuse to return the exchange rate to the previous one," noting that "its mass (the national approach) has a firm position on reconsidering the exchange rate and has proposed an intermediate option to reduce the price to 1300 instead." From the new price. " [/size]
[size=16] Al-Uqabi indicated that "his mass will boycott Parliament's sessions if the government continues to adopt the new exchange rate."[/size]
[size=16]Earlier, the National Approach Parliamentary Bloc presented, today, Saturday (February 27, 2021) 40 amendments to the budget bill for 2021, including the return of the exchange rate to the previous one, indicating not to vote on the bill. [/size]
[size=16]The bloc demanded, in a statement received (Baghdad Today), to make 40 amendments to the draft budget law for 2021 and the following agencies:[/size]
[size=16]1. Restoring the exchange rate to what it was previously, as the damages of this decision became clear early and the Finance Committee proposed allocating (500) billion dinars as compensation to the contractors contracted with The government expresses the difference in price, and the first is to notice the harm to millions of Iraqis, who are poor, covered by the social welfare network, and with limited income, and all of these damages necessitate restoring the exchange rate to what it was previously.
2. That the deficit does not exceed 3% of the GDP.
3. Expanding the titles of sovereign expenditures to include (the Ministry of Oil, Transport and Water Resources, and the inclusion of the security and defense sector in all its ministries and institutions, as well as the contingency reserve).
4. Abolishing Article (38) which permits the privatization of all the state’s production and service sectors and permits the participation of investors and contractors in ownership of oil and gas fields, power stations, Iraqi Airways aircraft and government banks.
5- Abolishing Article (47) which permits the sale of the state’s financial assets, including industrial, infrastructure, and others.
6. Abolishing the two articles (42 and 41) that allow the sale of state-owned agricultural lands to those who have the right to dispose of them at a value much less than its real value and will create widespread social conflicts
7. We reject the proposal to withhold the ration card from a family whose monthly income is one million dinars, and we demand that it be increased to include withholding only those whose monthly income exceeds two million dinars.
8- We present the proposal of the Al-Nahj bloc regarding the articles of the Kurdistan region: A- Abolishing the first paragraph of Article (11) that calculates the Kurdistan region’s dues for previous years from 2014 to 2019 despite not delivering oil and non-oil revenues. B - Paragraph Second - A of Article (11) is amended to be (the region is obligated to deliver 460,000 barrels per day to SOMO, and in the event that its production exceeds this amount, it is obligated to deliver it also to the Iraqi Oil Marketing Company (SOMO). C- Adding Article Seven of the Current Deficit Financing Law (determining the Kurdistan region’s share of the total actual spending (current expenditures and investment project expenditures) after excluding the sovereign expenditures specified in the Federal Budget Law of the Republic of Iraq for the fiscal year 2021) and adding the expenditures of the Ministry of Oil, the Ministry of Transport and the Ministry of Resources Water and the inclusion of the security and defense sector in all its ministries and institutions to be included in the sovereign expenditures as well as the emergency reserve) provided that the Kurdistan region is committed to handing over (460) thousand barrels per day to the Iraqi Oil Marketing Company (SOMO) exclusively, as well as deliver Mazad on those quantities and all non-oil revenues of the federal and in case Failure to comply with the region, expenses may not be paid to the region, and the violator of this provision bears legal responsibility). D- Paragraph III (a, b, and c) that obliges the federal authorities to pay the region’s loans and financial obligations that it entered into in the years (2014 to 2019) shall be canceled. E - Article (11 - third) - to be reformulated (the region is obligated to pay the loans owed to the Iraqi Trade Bank).
9. Obligating the mobile phone companies to pay their fines and financial obligations within thirty days, otherwise the license is withdrawn from them.
10. Reviewing contracts for mobile phone companies in order to achieve the lifting of unfairness from the Iraqi state and achieve the highest economic benefit for it.
11- Canceling the oil licensing rounds and replacing them with a formula that achieves the highest benefit to the Iraqi state and eliminates previous injustice. 12. Abolishing the salary deduction for public employees and increasing the tax on senior officials, special ranks, general managers and those of their grade.
13. Amending Article 57 of the Budget to oblige the government to publish budget execution instructions in the official gazette[/size]
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