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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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    A parliamentary threat to amend the Central Bank Law in the event of "insisting" on the survival of

    Rocky
    Rocky
    Rocky
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    • Post n°1

    A parliamentary threat to amend the Central Bank Law in the event of "insisting" on the survival of Empty A parliamentary threat to amend the Central Bank Law in the event of "insisting" on the survival of

    Post by Rocky Mon 08 Mar 2021, 8:43 am

    A parliamentary threat to amend the Central Bank Law in the event of "insisting" on the survival of the last dollar price

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     [size=18]COMMENTS     MARCH 8, 2021
    A PARLIAMENTARY THREAT TO AMEND THE CENTRAL BANK LAW IN THE EVENT OF "INSISTING" ON KEEPING THE LAST DOLLAR PRICE TAG CLOSED
     [/size]



    The government and the finance are tightening the citizens and the contractors mean them
    Baghdad - New Morning
    Representative of the National Approach Bloc, Hussein Al-Oqabi, threatened to amend the Central Bank Law in the event that the government and the bank management insisted on keeping the dollar exchange rate high as it is now, and while he indicated that the legislative authority is the final word on financial matters through legal legislation inside the parliament, he expressed He was surprised by the interest of the government and the Minister of Finance to compensate contractors affected by the increase in the price of the dollar, and the restrictions on citizens at the same time, stressing that raising the price of the dollar mortgages the Iraqi economy with the dictates of the International Monetary Fund and the capabilities and resources of the country with foreign decisions.
    Al-Aqabi said in a statement that the new morning received a copy of it yesterday, Sunday: “With the rise in crude oil prices and growing 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.”
    According to the punitive statement, he 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, 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."
    The deputy asked: Does the Minister of Finance live in Iraq or in another country ?, adding that “he is not aware of the extent of the damage that the Iraqi citizen suffered 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 percent. %, Which added another burden on the shoulders of the Iraqi family, and constituted a great pressure on the living situation of the simple citizen and caused a clear confusion in the market.
    Al-Aqabi considered that "the Iraqi economy has been mortgaged by 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 hand of foreign decisions that are the last thought of the interests of the country and its people."
    The deputy called for "returning the dollar exchange rate to what it was previously," asserting that "the legislative authority is the final word on all issues related to matters of conducting financial matters through legal legislation inside the parliament."
    And he believed that although raising the dollar exchange rate "came by a decision from the central bank and with governmental and external influence, it is possible to correct the decision by the legislative authority, even if the matter necessitates amending the central bank law."
    The deputy held the Iraqi parliament “his 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 harm and injustice to the simple citizen as it dealt with great care with contractors affected by This decision".
    The representative of the National Approach Bloc, Hussein Al-Oqabi, addressed the Public Prosecutor, calling on him to “strive to hold government agencies accountable that caused the waste of nearly a trillion dinars of public money in the period that accompanied the decision to change the dollar exchange rate and the major theft and manipulation of the people's capabilities in the foreign currency auction. By executive bodies and parasitic banks, accused of being linked to the same political blocs that adopted the decision and supported it.
    On December 20, the central bank decided to reduce the value of the dinar against the dollar to 1460 instead of 1184, under the pretext of containing the financial crisis, but the decision caused stagnation in the economic movement and an increase in commodity prices in the local markets.



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    Stevethebrit
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    Stevethebrit
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    • Post n°2

    A parliamentary threat to amend the Central Bank Law in the event of "insisting" on the survival of Empty Re: A parliamentary threat to amend the Central Bank Law in the event of "insisting" on the survival of

    Post by Stevethebrit Mon 08 Mar 2021, 8:51 am

    Good article Rocky, thank you.

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