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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq .. a parliamentary movement to restore the dollar exchange rate to its previous state

    Rocky
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    Iraq .. a parliamentary movement to restore the dollar exchange rate to its previous state Empty Iraq .. a parliamentary movement to restore the dollar exchange rate to its previous state

    Post by Rocky Sun 07 Mar 2021, 7:35 am

    Iraq .. a parliamentary movement to restore the dollar exchange rate to its previous state

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    A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed, on Sunday, the existence of a parliamentary movement and parliamentary signatures in order to restore the exchange rate of the dollar against the dinar or reduce the current price. Cougar said, "The political movement in this regard is still continuing, even there are requests for the signatures of a large number of members of Parliament to Parliament, for the exchange rate of the dollar." He added, "These signatures remained unchanged, because the Finance Committee and Parliament do not have any authority to amend or return the exchange rate of the dollar," stressing that "this matter is exclusively within the authority of the Central Bank." And he indicated, "The government is difficult to go in this direction, because changing the exchange rate or returning it to its previous price needs to reformulate the 2021 budget bill anew."
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    Iraq .. a parliamentary movement to restore the dollar exchange rate to its previous state Empty Punitive: The Minister of Finance is not aware of the extent of the harm to the citizen from the ill

    Post by Rocky Sun 07 Mar 2021, 8:03 am

    Punitive: The Minister of Finance is not aware of the extent of the harm to the citizen from the ill-considered decision to raise the price of the dollar

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    [rtl]Baghdad / NINA / Member of Parliament for the National Approach bloc, Hussein Al-Oqabi, affirmed that: The Minister of Finance is not aware of the extent of harm to the citizen from the ill-considered decision to raise the price of the dollar.

    He said in a press statement that: With the rise in crude oil prices and the growth of oil revenues, Minister of Finance Ali Abdul Amir Allawi is still insisting on raising the price of the dollar and restricting Iraqi citizens, especially those with limited income, with completely rejected justifications. 

    Al-Aqabi added: We followed with great astonishment the minister's statements regarding "the inability to change the exchange rate of the dollar because it is a reasonable price and that the decision was taken in consultation with the Central Bank, the International Monetary Fund and the political blocs, and that the markets accepted it and the government will work to compensate the contractors affected by it !!" We do not know whether the Minister of Finance lives in Iraq or in another country, and he is not aware of the extent of the harm suffered by the Iraqi citizen as a result of this ill-considered decision that led to an insane increase in the prices of consumer goods - even locally produced - by more than 30%, which added. Another burden on the shoulders of the Iraqi family, which constituted a great pressure on the living conditions of the simple citizen and caused a clear confusion in the market.

    He explained that: The Iraqi economy is subject to the dictates of the International Monetary Fund and the response of the political blocs in force to these dictates represents a dangerous turning point that affects the future of the country and puts its capabilities and wealth in the hands of foreign decisions that are the last thing the interests of the country and its people think about.

    Al-Oqabi renewed: the previous calls for restoring the exchange rate of the dollar to what it was previously, stressing that the legislative authority is the final word in all issues related to matters relating to the conduct of financial matters through legal legislation inside the parliament, and despite the fact that raising the exchange rate of the dollar came with a decision from The central bank, with governmental and external influence, but it is possible to correct the decision by the legislative authority even if it is necessary to amend the Central Bank Law.

    He called on the House of Representatives: to assume its moral and constitutional responsibility in this direction and work to correct the equation and look at the extent of injustice and damage to the simple citizen, return the price of the dollar to the old price, and reject government decisions that did not take into account the damage and injustice to the simple citizen, as I dealt with great care with contractors affected by this. the decision.

    Al-Oqabi repeated the appeal to the public prosecution to strive to hold government agencies accountable, which caused the waste of nearly a trillion dinars of public money during the period that accompanied the decision to change the exchange rate of the dollar and the major theft and manipulation of the capabilities of the people by executives and parasitic banks accused of being associated with the same blocks. The politician who adopted the decision and supported it. / End 3[/rtl]
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    Iraq .. a parliamentary movement to restore the dollar exchange rate to its previous state Empty Deputy: International bodies have suggested two prices for the exchange of the dollar against the go

    Post by Rocky Sun 07 Mar 2021, 8:26 am

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    • THURSDAY, 04-03-2021, PM 11:57




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    A member of the Finance Committee in Parliament, Jamal Cougar, confirmed that the decision to reduce the value of the Iraqi currency against the dollar saved the country from a certain economic collapse, while noting that international bodies had warned the Iraqi government of the consequences of the economic collapse.
    In a televised interview, Jamal Cougar said, "The period before the devaluation was true to the budget deficit at the time of 100 trillion, and all indications were that the country was going to an economic collapse."
    Cougar added, "The devaluation of the currency was one of the steps that stopped the economic collapse in Iraq, in addition to the procedures for printing currency and imposing taxes as well as compressing expenditures."
    He pointed out that "Parliament is not a defender of the government and its steps," indicating that "Iraq had two proposed options. The International Monetary Fund proposed an exchange rate of up to 1650, while the World Bank proposed 1450 and the government went to the second option."
    Jamal Cougar commented, Wednesday (March 3, 2021), on fears of a jump in the dollar’s ​​price above 1,500 dinars after the budget was approved in 2021.
    Cougar said in a press statement, "There is no reason to fear a jump in the price of the dollar above the 1500 dinars after the approval of the budget in 2021, as the price of the dollar will be fixed according to the General Budget Law, and this is a law that no one can tamper with the texts of the law, and the price The exchange will be as shown in the text of the law. "
    He added, "The Iraqi government, through the Central Bank, has many procedures and decisions that prevent manipulation of the dollar exchange rates outside the official rate, and that is why there are no fears of any rise in the dollar exchange rate after the budget is approved."
    Since the collapse of oil prices earlier this year, Iraq is facing an unprecedented liquidity crisis, the government of Prime Minister Mustafa Al-Kazemi has been forced to borrow from the bank’s reserves in dollars to pay nearly $ 5 billion per month, representing public sector salaries and pensions.
    The decision sparked a wave of anger in the Iraqi street, but Al-Kazemi defended his government's move and said that he had two options: "Either the collapse of the regime and enter into complete chaos, or we enter into a Caesarean section for reform."
    Several political blocs in Parliament criticized the decision to devalue the Iraqi currency against the dollar, while the leader of the Sadrist movement, Muqtada al-Sadr, said that "the central bank and all other banks are prisoners of corruption and the corrupt, and the government and parliament must seek specialized methods to end this and liberate it immediately."
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    Iraq .. a parliamentary movement to restore the dollar exchange rate to its previous state Empty Re: Iraq .. a parliamentary movement to restore the dollar exchange rate to its previous state

    Post by Rocky Sun 07 Mar 2021, 8:40 am

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    1,189 Sweeteners 2021/03/07 17:14 ht Baghdad Today _
    Special A member of the Parliamentary Economic and Investment Committee, Nada Shaker Jawdat, denied, Sunday (07 March 2021), that there is no real seriousness in Parliament to change the exchange rate of the dollar to the previous price. Jawdat said, to (Baghdad Today), “The talk about the lack of a parliamentary majority rejecting the adjustment of the dollar’s exchange rate after it was raised by the Ministry of Finance and the Central Bank is inaccurate and far from reality. On the contrary, the majority with the exchange rate adjustment and returning it to What was it or less than what was stated in the 2021 budget bill. ” She added that“ adjusting the exchange rate of the dollar against the Iraqi dinar remains within the authority of the Iraqi government, while Parliament can not make any amendment except with the approval of the government, ”noting that At the moment, there is no government approval for this amendment. Rather, there is an insistence that the exchange rate remain unchanged, and this is what the majority of MPs reject. Earlier, a member of the Parliamentary Finance Committee, Jamal Cougar, confirmed today, Sunday (07 March 2021), that the political movement is still continuing within the House of Representatives, with the presence of parliamentary signatures submitted to the Parliament in order to restore the exchange rate of the dollar against the dinar or reduce the price. Present. Cougar said in an interview with (Baghdad Today), "The political movement in this regard is still going on, even there are requests that have been submitted with the signatures of a large number of members of Parliament to the Parliament for the exchange rate of the dollar." He added, "Those signatures remained unchanged, because the Finance Committee and Parliament do not have any authority to amend or return the exchange rate of the dollar," stressing that "this matter is exclusively within the authority of the Central Bank." "It is difficult for the government to go in this direction, because changing the exchange rate or returning it to its previous price needs to be reformulated again," he said.
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    Iraq .. a parliamentary movement to restore the dollar exchange rate to its previous state Empty Restoring the price of the dollar enters its difficult stages in Iraq ... An "extreme" stubbornness

    Post by Rocky Sun 07 Mar 2021, 11:57 am


    [size=30]Restoring the price of the dollar enters its difficult stages in Iraq ... An "extreme" stubbornness between two parties may stop the budget completely!


    2021-03-07
    [/size]
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    Yes Iraq: Baghdad

     
    It seems that the movement to restore the exchange rate of the dollar to its previous state or to reduce it from the price fixed in the 2021 budget, has begun to reach the stages of peak tension and attraction, which may complicate the issue and may lead to the creation of new problems and obstacles in front of the 2021 budget.
     
    While the past few days witnessed vacillating parliamentary statements and calls about the need to restore the previous dollar exchange, the first Deputy Speaker of Parliament, Hassan Al Kaabi, called for a parliamentary stance to restore the exchange rate, triggering governmental reactions, on the basis of which a parliamentary “tightening” and escalation of positions were set in motion.
     
    While Al-Kaabi demanded the need to find a serious stand by MPs to restore the exchange rate, Finance Minister Ali Allawi said that restoring the previous exchange rate is “difficult” and that it is not permissible to manipulate the price of the dollar and the value of the dinar daily, and that this decision was taken based on consultations with the Central Bank and the World Bank, as well as Political blocs in Parliament.
     
    Hinting to amend the Central Bank Law
    This clear rejection of the government position led to a counter-escalation in the parliament, as the representative of the National Approach bloc, Hussein Al-Oqabi, said in a statement that “we followed with great astonishment the minister's statements regarding the inability to change the dollar’s ​​exchange rate because it is a reasonable price and that the decision was taken in consultation with the Central Bank and the Fund. International criticism and political blocs, and that the markets accepted it, and the government will work to compensate contractors who are affected by it.
    While Al-Aqabi described this decision as “ill-considered,” he stressed that “it led to a crazy increase in the prices of consumer goods - even locally produced - by more than 30%, which added another burden on the shoulders of the Iraqi family, and constituted great pressure on the living situation of the simple citizen. And it caused obvious confusion in the market. ”
    He continued by saying: "The Iraqi economy is mortgaged by the IMF and the response of the political blocs in force to these dictates represents a dangerous turning point that affects the country's future and puts its capabilities and wealth in the hand of foreign decisions that are the last thought of the interests of the country and its people."
     
    He went on to say: “From here we demand and renew our previous demand to restore the dollar’s ​​exchange rate to what it was previously, and we confirm that the legislative authority is the final word on all issues related to matters of conducting financial matters through legal legislation inside the parliament,” indicating that “raising The dollar exchange rate came according to a decision from the Central Bank and with governmental and external influence, but it is possible to correct the decision by the legislative authority, even if the matter requires amending the Central Bank Law.
     
     
    The parliamentary movement is "serious" to restore the exchange rate ... and the budget may be affected
    A member of the Parliamentary Economic and Investment Committee, Nada Shaker Jawdat, confirmed the "seriousness" of the parliamentary movement to restore the previous exchange rate, as she stated in press statements that “the talk about the lack of a parliamentary majority rejecting the adjustment of the dollar’s ​​exchange rate after it was raised by the Ministry of Finance and the Central Bank, is inaccurate. Far from reality, but on the contrary, the majority is with adjusting the exchange rate and returning it to what it was or reducing it from what was stated in the 2021 budget bill.
    She added that "adjusting the exchange rate of the dollar against the Iraqi dinar remains within the authority of the Iraqi government, as for parliament, it cannot make any amendment except with the approval of the government," noting that "until the moment there is no government approval for this amendment, but rather there is insistence on the exchange rate remaining." Without any change, and this is what most deputies reject.
    While the Parliamentary Finance Committee indicated that the political movement is still continuing within the House of Representatives, with the presence of parliamentary signatures submitted to the Parliament in order to restore the exchange rate of the dollar against the dinar or reduce the current price, noting that “the government is difficult to go in this direction, Because changing the exchange rate or returning it to its previous rate needs to reformulate the 2021 budget bill anew.
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