[size=30]KTFA Members "News and Views" Tuesday PM 4-6-2021[/size]
KTFA:Samson: The House of Representatives refers the General Budget Law to the Presidency of the Republic
04/06/2021 17:07:01
The House of Representatives referred, today, Tuesday, the draft general budget bill for the fiscal year 2021 to the Presidency of the Republic.
The second deputy speaker, Bashir Al-Haddad, said in a press statement that the House of Representatives referred today the 2021 Budget Law to the Presidency of the Republic for approval.
On March 31, the House of Representatives voted for the Federal Budget Law for the Republic of Iraq for the year 2021, and also voted to dissolve the House on October 7, 2021, with the elections to be held on time October 10, 2021. LINK
RE Monday Night CC: LINK
Will: can you spill the beans? a lot of people are working multiple jobs and have kids to take care of. cant watch a 4 hour video.
Bravo13: I know how ya feel, not enough time in a day so i'll give it a shot, all imo. 1st they shut the auctions down because of the high risk of buying the $. today the dollar would cost them around 1450 dinars, if they revalue their currency and it goes 1-1 then they can buy that $1 for 1 dinar, thats a big loss, I think they are anticipating a positive change in the value of their currency and therefore do not want to risk losing money.
They have stated they are going to change the rate and they need to do this before the budget is signed as to ascertain what the value is to be used in the new budget in order to implement it.
We understand that they cannot implement all these contracts on an program rate and all these international contracts need to know the rate before they can be implemented. this really ups the pressure to get this done and all the articles are telling us that is just what they are doing, getting it done believe it or not lol.
Well they just handed the budget to the president for signing and as I believe it was Edna stated that starts the clock ticking so hopefully by the 21st we will have a new rate if not sooner. just my take in a nutshell, hope this helps.
*************
Samson: A deputy calls for an urgent activation of "economic security" to avoid a humanitarian disaster
14:15 - 04/06/2021
MP Nada Shaker Jawdat called on Tuesday to activate economic security to avoid a humanitarian catastrophe that affects millions of Iraqis.
Jawdat said in an interview with "the information", that "the prices in the markets for various materials, especially food, are not fixed, and they are constantly rising, as there is no government policy that prevents their rise at the present time, which calls for an urgent activation of economic security in terms of forcefully entering to control the rhythm of prices and hold violators accountable."
Jawdat added, “There are a set of solutions that can help the poor and the ordinary from the high price fever through the government's resort to the principle of reviving cooperative markets and pumping large quantities of basic materials to sell them at very low prices in addition to organizing the ration card file, diversifying its vocabulary and delivering it at specific times. For all slides”.
She pointed out that "the government has the task of supporting the poor in the face of the rise, which will have very severe damage, especially since the rise has not stopped and may exploit the period of Ramadan to push prices higher, which will add to the plight of large segments of Iraqis."
The Iraqi market has witnessed a continuous rise in prices, especially for foodstuffs, in the past weeks.”
LINK
Bearcinnebar: This article's subject is another reason to be in watch mode as well as the budget going into force .... Jawdat called on Tuesday to activate economic security .... the prices in the markets for various materials, especially food, are not fixed, and they are constantly rising ...
The rate adjustment is needed to meet the international world and make their essential foodstuff purchases, as we have read in the articles, it is also as simple as that ~
**************
Samson: Al-Kazemi government tends to open the doors of import to meet the high prices
6th April, 2021
The spokesman for the Council of Ministers, Minister of Culture, Hassan Nazim announced, on Tuesday, that the doors of import would be opened to control the high prices of goods and goods, while he confirmed that Prime Minister Mustafa Al-Kazemi will visit Arab countries soon.
Nazem said during the weekly conference, which was attended by Shafaq News Agency, that the government's plan to support the local product faced a rise in prices, and there is guidance to the Minister of Interior in this regard. He pointed out that there are visits by the Prime Minister to the markets before the month of Ramadan, and that there is a directive for the Minister of Trade to open the door to import for a certain period.
In response to a question by the Shafaq News correspondent, about Al-Kazemi's visit to the Gulf countries, Nazem confirmed that the visit to Saudi Arabia and the UAE resulted in economic and investment understandings and agreements, as the governments of the two Gulf countries allocated three billion dollars from each of them to invest in Iraq. He added, "The visits are important to Saudi Arabia and the Emirates and come within the government's plan to cooperate with Arab countries, and there are upcoming visits to other countries in the region aimed at supporting the Iraqi economy."
On the other hand, Nazim indicated that there is a directive for ministers by Al-Kazemi to write their notes on the draft budget law approved by the House of Representatives, after which the notes are submitted to the General Secretariat of the Council of Ministers for consideration.
Regarding the free lecturers, Nazim explained that the government "inherited the problem of free lecturers from previous governments, and the funds were allocated to the lecturers in the budget law, but the parliament reduced the amount allocated," stressing that the Cabinet voted to contract with the lecturers in accordance with Resolution 315 and considered them as their own contracts. Career.
Regarding the Corona epidemic, the Ministry of Health regulator announced that it had contracted 21 million doses of the vaccine. LINK
BearCinnebar: IMO This article is another subject of anticipation ... to open the doors of import is being international and would bring fair pricing so yes the adjustment would be needed ... the period of the cultural Iraq holiday Ramadan starts this Monday April 12th ... and lasting a month long ... and it could be right in line for the Iraqi people to gain their power of purchasing again ~
IMO Important to know and understand MilitiaMan's last commentary about the TIME FRAME WE ARE NOW IN ... as the dollar auctions are being held due to the "fear" or possibility of a change in the exchange rate! Thank you MilitiaMan from KTFA
Samson: Blinken's tweet on the resumption of the US-Iraqi strategic dialogue
04/06/2021 17:04:52
The US Secretary of State, Anthony Blinken, tweeted about the start of the US-Iraqi strategic dialogue on Wednesday.
Blinken said in his tweet on {Twitter}: "I look forward to speaking with my Iraqi counterpart Fouad Hussein tomorrow as part of the US-Iraqi strategic dialogue.
We will review progress in all areas of our strategic relations." LINK
MilitiaMan: https://www.thenationalnews.com/mena/iraq/us-iraq-strategic-dialogue-to-take-place-on-april-7-1.1193882
The relationship between the US and Iraq, including its military presence in the country, is based on a strategic framework agreement signed in 2008. It called for close defence co-operation to deter threats to Iraq's “sovereignty, security and territorial integrity".
The talks, due to take place next Wednesday, will focus on security, counterterrorism, economics and energy, political issues, and educational and cultural co-operation.
Gotta love the timing of things.. The article in the link above is a compliment to todays article from Samson. The above link was out 03/30/2021.. The economics and energy has my attention for obvious reasons.. lol. The oil deals we see of late are all about economics, yet, security is a part of that and big time too. The Tripartite with Jordan and Egyptis the following day.. Watch and see.. This is all for a purpose.. I like it! imo ~ MM
*************
Samson: Al-Tafayli: 1500 investment projects stalled due to mafias and influential parties
04/05/2021 20:55:25
A member of the Parliamentary Investment and Economy Committee, Salem Tahaimer Al-Tufayli, revealed, on Monday, that there are 1,500 suspended investment projects due to mafias and influential parties.
Al-Tufayli said {to the Euphrates News} that "the aim of the investment law was to establish a central national life in Baghdad and other bodies in the governorates whose purpose is to create a new economic environment, job opportunities and eliminate unemployment."
He added, "We have more than 1500 projects since 2004, of which little has been accomplished due to mafias and influential parties and favoritism over this investment, and faltering measures have brought investment to low stages. As for strengthening relations with neighboring countries, it came to activate investment in the country." He called on the government and all concerned institutions to "properly implement the law and end the bureaucracy that stands as a stumbling block in the way of investment."
Tufayli also stressed "the need for investment in infrastructure, activation of laws and state control over national bodies in the governorates, in addition to providing a safe environment and empowering people to activate investment and eliminate corruption."
A member of the Parliamentary Investment and Economic Committee concluded, "We have great unemployment and the state is not leaders in appointing them, and their opportunity lies in investment projects." The House of Representatives voted on October 27, 2015 to amend Investment Law No. 13 of 2006.
This law aims at the following: First: Encouraging investments and transferring modern technologies to contribute to the process of developing and developing Iraq, expanding and diversifying its production and service base. Second: Granting projects that obtained an investment license from the Commission additional facilities and exemptions from taxes and fees according to what is stated in this law. LINK
**************
Samson: The Turkish Lira is the worst among emerging market currencies
15:36 - 04/06/2021
The Turkish lira fell on Tuesday as annual inflation approached its highest level in two years, while the emerging market currencies index rose to its highest level in two weeks as pressure from the dollar and US Treasury revenues eased.
The lira fell by 0.7% against the dollar after recording large fluctuations in the past few sessions.
Data on Monday showed that annual inflation in March rose to more than 16% - the highest level since mid-2019, confirming continued pressure on the central bank to achieve its ambitious 5% target. And the ousting of former central bank governor Naji Aghbal last month, after only four months in office, led to the fall of the lira to record levels, according to Reuters.
This comes, while Turkish President Recep Tayyip Erdogan suddenly dismissed four bank heads in less than two years, which damaged monetary credibility and contributed to the long-term decline of the currency, which in turn led to a rise in overall inflation through imports.
For his part, the new governor of the Turkish Central Bank, Shehab Kafashioglu, said that the interest rate cuts should not be taken for granted nor considered a positive thing. In turn, currency and emerging markets analyst at Commerzbank, Tata Goose, said if Davutoglu refuses to implement Erdogan's vision for monetary policy, it will not mean a stronger lira - it just means that it will not be around for very long. “Whatever happens, it is very likely at the present time that the foreign exchange market will think in this direction,” he added.
On the other hand, other emerging market currencies rose on Tuesday, as dollar and US Treasury yields retreated from recent gains. The MSCI Emerging Market Currency Index rose 0.2% to a two-week high. But the currencies in Europe, the Middle East and Africa lagged behind their peers in Asia, amid concerns about an economic recovery in the euro area due to the slow introduction of the Covid-19 vaccine.
Emerging market currencies have also faced headwinds from the strength of the dollar and US yields this year, as the steady vaccination program raised hopes that the US economy will quickly recover from the recession caused by the virus. Meanwhile, data from the Institute of International Finance showed that net foreign flows to equity and debt portfolios in emerging markets slowed in March to their weakest levels in nearly a year under pressure from US assets. Emerging market shares rose 0.3% on Tuesday. LIN
» Expert: Fears that the government will resort to printing a monetary block at an amount of 82-87 tri
» Al-Sudanese directs to simplify the procedures for merchants' dealings in the concerned / expanded s
» Pavel Talabani is discussing with the German ambassador ways to overcome the differences between the
» Foreign Ministry: An Iraqi delegation to Washington to discuss basic issues related to financial and
» with the video. . The National Security Agency announces the arrest of a group of owners of large co
» A call for major demonstrations tomorrow in Tahrir Square to reduce the exchange rate of the dollar
» The Commander-in-Chief of the Armed Forces issues directives to tackle currency smuggling and arrest
» Sanad ... a meeting in Turkey between the Iraqi delegation and a delegation representing the US Fede
» The dollar crisis will not be resolved soon... a "disappointed" statement from the parliamentary fin
» A good opportunity before prices rise.. Iraq is racing against time to buy wheat immediatelyproposal
» A bank releases good news for merchants: dollars at the official rate and “no commission” transfersp
» Iraq's chambers of commerce and economic elites in the Sudanese office: 10 urgent points to reduce t
» The Ministry of Education denies that "the illiteracy rate in Iraq has reached 47 percent."proposals
» Iraq market: trading of shares worth 5 billion dinars within a week
» Blaskhart calls for expediting the approval of the budget and giving priority to diversifying the ec
» Petroleum products: The fuel card will be applied in all governorates
» Foreign Ministry: The Iraqi delegation will discuss in Washington the rise of the dollar and financi
» Al-Halbousi: Parliament supports the Iraqi government and the bilateral cooperation agreement with S
» The Russian Foreign Minister will visit Iraq next Sunday
» Deputy: The budget bill will be on the cabinet table next week
» The President of the Republic: Approving the budget is a starting point for the development process
» KTFA Wednesday Night CC "The World Pours Into Iraq's Reforms" 2-1-2023
» KTFA Members "Wednesday News" 2-1-2023
» An Iraqi delegation to Washington: pledges to cut dollar smuggling routes
» A financial expert warns the Central Bank of resorting to storing the local currency because of the
» The New York Times: Baghdad is losing green spaces to the real estate boom
» Minister of Industry: Iraq is a safe environment for investment
» Work: The value of our loans is 8 million, despite the law allowing 20 million
» Financial expert Mahmoud Dagher issues a warning about local currency storage
» Saudi Foreign Minister to the President of the Republic: What we hear about Iraq gives hope and econ
» After the dollar's jump to more than 170,000.. security raids, stock exchanges and exchanges stopped
» A deputy close to Al-Sudani attacks Al-Halbousi again: He distributes the committees to the heads of
» In their meeting that took place yesterday.. What did Al-Abadi and Al-Sudani discuss in terms of mea
» Details of the Council of Ministers decision to create job grades
» Gulf Electrical Interconnection Authority: Next month, we will start working in southern Iraq, and i
» Al-Kaldani, Al-Samarrai and Talabani confirm their support for the steps of the Sudanese government
» A detailed map of the parliament's work... 70 laws on the way to legislation, including governmental
» Kurdistan is on a quiet fire.. An Iranian threat to invade and a decision from Baghdad may change th
» The President of the Republic calls on the Ministries of Justice and the Interior to resolve the cas
» The Kurdistan government attacks the Federal Ministry of Oil: it puts pressure on companies in the r
» A deputy stresses the need to hold manipulators accountable at dollar exchange rates and invites rel
» About 7 billion tons annually.. A specialist determines the value of Iranian gas debts to Iraq
» US network: Washington controls the entire energy sector in the Kurdistan region
» The Minister of Labor directs to survey all areas inhabited by Bedouins in Muthanna
» In numbers... The Council of Ministers' decision to create job grades
» A government directive to construct a train between the holy city of Karbala and Najaf
» Foreign Minister to his Saudi counterpart: We have continuous cooperation in the field of security a
» Conscious / a political movement calling on al-Sadr to end his retreat
» Aware / Al-Zubaidi: America is playing its tricks against Iraq through its control of oil revenues
» Ina / Al-Sudani directs to audit the revenues generated by mobile phone companies
» Ina / Al-Tamimi: The Democratic call for structuring the Federal Court is illegal
» As part of his series of meetings, the delegation of the Kurdistan Democratic Party visits the headq
» Masrour Barzani is discussing with the British ambassador holding parliamentary elections in the reg
» Al-Sudani and Al-Abadi are looking for "effective solutions" to control the dollar prices
» Fuad Hussein: We are looking forward to providing Iraq with electric energy through the Saudi or Gul
» The $100 category exceeds the barrier of 170,000 dinars in the markets of Baghdad and Erbil
» Currency auction sale.. Central bank sales of dollars decreased by more than 38%
» A Turkish company submits proposals for the construction of residential cities and roads projects in
» Finance announces the direct financing of the salaries of retirees for the current month of February
» Oil prices rise with the decline of the dollar and the decision of OPEC +
» Basra Oil expects the acquisition rates of "Iraq and Qatar" in the Total project
» SOMO: The average price of a barrel of oil exported to Jordan was less than 9 dollars over the past
» Trade reveals the fate of the ration card after the delay in approving the budget
» The governor of Baghdad obliges the companies executing the projects to double the working hours
» Al-Sudani: All possibilities are contained in adjusting the exchange rate of the dollar
» With a circulation close to a trillion dinars.. The Iraq Stock Exchange reveals the most important i
» The most prominent of which is a comprehensive economic crisis.. Mahmoud Dagher summarizes the conse
» Iraq's oil revenues rise by 1.1% in January
» Theft of the century involves new defendants, including a former tax director
» A plan to consolidate private university education
» The distribution of parliamentary committees arouses the discontent of components and independents
» The opening of Iraqi schools in European countries early next year
» Trade: No new additions to the ration card items
» A “slow” rapprochement between the two Kurdish parties
» Al-Asadi: About two million are unemployed
» Investment directs companies to adopt the official price
» Planning It manages repair and reconstruction projects
» Specialists warn of a decline in the "monetary mass" of the dinar
» An American vision: Al-Sudani is active, cunning, and pragmatic, and he can play the role of mediato
» To solve the dollar crisis.. A parliamentary proposal to convert car purchases into Iraqi dinars
» An American network: The recent federal decision will raise home and car premiums by 10%
» Parliamentary Finance begins to discuss the Workers' Retirement Law in preparation for its passage
» Awareness movement declares opposition to the framework government and looks forward to ending al-Sa
» Recovering $80 million...and integrity: fighting corruption is a collective responsibility
» The foreign minister and the US ambassador discuss the axes and agenda for Washington's visit
» وزير الهجرة تبحث مع السفير الإيطالي أوضاع المكونات وملف الهجرة غير الشرعية
» Youth Minister: If the visa expires, the process of visiting Iraq will continue
» Continuous health control campaigns implemented by the health control staff in the Karkh side to imp
» International report: The performance of the Iraqi government during the first 100 days was not sati
» The United States refuses to postpone dollar conversion restrictions due to Iranian provocations
» With a financial contribution.. Education intends to open Iraqi schools in European countries
» Al-Sudani directs government institutions to give full space to media directors
» Billions of dollars... Reasons why Qatar seeks to invest in Iraq's oil
» Work determines the controls for granting loans to citizens
» The foreign minister and the US ambassador discuss the agenda for the Iraqi delegation's visit to Wa
» Al-Sudani directs to audit the revenues generated by the mobile phone companies
» Parliamentary Planning Committee: Making amendments to the constitution has become necessary
» Integrity reveals an exaggeration in purchasing medical devices at 700 million dinars in Nineveh