[size=52]Parliamentary Finance: Raising the dollar saved 22 trillion dinars and closed the salary deficit[/size]
[size=45]Baghdad/ Firas Adnan[/size]
[size=45]Yesterday, Tuesday, the Parliament’s Finance Committee denied the existence of fears of the collapse of the Iraqi economy, noting that raising the dollar contributed to saving 22 trillion dinars.[/size]
[size=45]While she reported that the government had achieved positives from this decision, she talked about damages to the citizen, most notably the reduction in the purchasing value of salaries by 22%.[/size]
[size=45]Member of the Committee, Representative Jamal Cougar, said, in a statement to (Al-Mada), that "the statements made by some MPs regarding the possibility of the Iraqi economy collapsing because of the dollar are inaccurate."[/size]
[size=45]Cougar added, "Iraq is a country rich in its oil resources, and the price of a barrel earlier reached $20, and the economy did not collapse."[/size]
[size=45]He pointed out that "one case makes us face the collapse of the economy, which is the collapse of the political process, since the issue will be related to the state's facilities and its entire sectors."[/size]
[size=45]And Cougar said, "Iraq is witnessing on the economic side a recovery through an increase in bank reserves and an increase in oil prices, with government efforts to fight corruption."[/size]
[size=45]He noted, "Current indicators confirm that Iraq is going for the better, and it is not correct to say that we are going to collapse."[/size]
[size=45]Cougar refused, "to hold Parliament responsible for changing the dollar exchange rate, as a decision that contributed to raising the prices of the Iraqi market."[/size]
[size=45]And he stated, "The issue was taken based on the directions of the Central Bank, and the political blocs were briefed on the repercussions of the economic situation at the time, from the possibility of repeating the scenario of last year in financial distress."[/size]
[size=45]Cougar believes that "the government's move towards raising the price of the dollar solved its problems, but it implicated the market and the citizen with the negative aspects of the decision."[/size]
[size=45]He continues, "The government saved by raising the price of the dollar 22 trillion dinars, and it was required to achieve half of it to bridge the salary deficit, and therefore it saved the remaining half at the expense of the citizen."[/size]
[size=45]And Cougar added, "The citizen's harm from this decision came as Iraq is a consuming country, not a producer, and all goods from agriculture to industry through import."[/size]
[size=45]Cougar went on to say that “the damage to the citizen was from three sides, namely the decrease in the purchasing power of salaries by 22%, the rise in prices, as well as the instability of the market; Because of the conflicting statements about the possibility of the dollar returning to its previous position or not.[/size]
[size=45]For his part, the other committee member, MP Muhammad Al-Shabki, said in a statement to (Al-Mada), that “one of the most important tasks of the House of Representatives for the remainder of the current electoral cycle is to monitor government efforts to reduce the effects of raising the price of the dollar.”[/size]
[size=45]Al-Shabki continued, "The government laid down a number of justifications when it resorted to making this decision, and then included it in the budget law for the current year, as the issue was related primarily to securing the salaries of employees and retirees."[/size]
[size=45]He pointed out that "previous meetings with officials in the Ministry of Finance during the past week resulted in an agreement for the government to take measures that would reduce the damage to the citizen as a result of raising the price of the dollar."[/size]
[size=45]Al-Shabki added, “Parliament will monitor the government’s seriousness in these steps; It has revealed efforts to support the ration card, as well as increase the salaries of those covered by social protection, and other decisions related to agricultural crops, and therefore we hope that the expected measures will achieve their goals as soon as possible.”[/size]
[size=45]It is noteworthy that the House of Representatives had voted at the end of last March on the budget law, including fixing the price of the dollar at 1450 dinars, which greatly affected the Iraqi markets, which witnessed an increase in basic goods and a decrease in the purchasing power of the citizen.[/size]
[size=45][You must be registered and logged in to see this link.]
[size=45]Baghdad/ Firas Adnan[/size]
[size=45]Yesterday, Tuesday, the Parliament’s Finance Committee denied the existence of fears of the collapse of the Iraqi economy, noting that raising the dollar contributed to saving 22 trillion dinars.[/size]
[size=45]While she reported that the government had achieved positives from this decision, she talked about damages to the citizen, most notably the reduction in the purchasing value of salaries by 22%.[/size]
[size=45]Member of the Committee, Representative Jamal Cougar, said, in a statement to (Al-Mada), that "the statements made by some MPs regarding the possibility of the Iraqi economy collapsing because of the dollar are inaccurate."[/size]
[size=45]Cougar added, "Iraq is a country rich in its oil resources, and the price of a barrel earlier reached $20, and the economy did not collapse."[/size]
[size=45]He pointed out that "one case makes us face the collapse of the economy, which is the collapse of the political process, since the issue will be related to the state's facilities and its entire sectors."[/size]
[size=45]And Cougar said, "Iraq is witnessing on the economic side a recovery through an increase in bank reserves and an increase in oil prices, with government efforts to fight corruption."[/size]
[size=45]He noted, "Current indicators confirm that Iraq is going for the better, and it is not correct to say that we are going to collapse."[/size]
[size=45]Cougar refused, "to hold Parliament responsible for changing the dollar exchange rate, as a decision that contributed to raising the prices of the Iraqi market."[/size]
[size=45]And he stated, "The issue was taken based on the directions of the Central Bank, and the political blocs were briefed on the repercussions of the economic situation at the time, from the possibility of repeating the scenario of last year in financial distress."[/size]
[size=45]Cougar believes that "the government's move towards raising the price of the dollar solved its problems, but it implicated the market and the citizen with the negative aspects of the decision."[/size]
[size=45]He continues, "The government saved by raising the price of the dollar 22 trillion dinars, and it was required to achieve half of it to bridge the salary deficit, and therefore it saved the remaining half at the expense of the citizen."[/size]
[size=45]And Cougar added, "The citizen's harm from this decision came as Iraq is a consuming country, not a producer, and all goods from agriculture to industry through import."[/size]
[size=45]Cougar went on to say that “the damage to the citizen was from three sides, namely the decrease in the purchasing power of salaries by 22%, the rise in prices, as well as the instability of the market; Because of the conflicting statements about the possibility of the dollar returning to its previous position or not.[/size]
[size=45]For his part, the other committee member, MP Muhammad Al-Shabki, said in a statement to (Al-Mada), that “one of the most important tasks of the House of Representatives for the remainder of the current electoral cycle is to monitor government efforts to reduce the effects of raising the price of the dollar.”[/size]
[size=45]Al-Shabki continued, "The government laid down a number of justifications when it resorted to making this decision, and then included it in the budget law for the current year, as the issue was related primarily to securing the salaries of employees and retirees."[/size]
[size=45]He pointed out that "previous meetings with officials in the Ministry of Finance during the past week resulted in an agreement for the government to take measures that would reduce the damage to the citizen as a result of raising the price of the dollar."[/size]
[size=45]Al-Shabki added, “Parliament will monitor the government’s seriousness in these steps; It has revealed efforts to support the ration card, as well as increase the salaries of those covered by social protection, and other decisions related to agricultural crops, and therefore we hope that the expected measures will achieve their goals as soon as possible.”[/size]
[size=45]It is noteworthy that the House of Representatives had voted at the end of last March on the budget law, including fixing the price of the dollar at 1450 dinars, which greatly affected the Iraqi markets, which witnessed an increase in basic goods and a decrease in the purchasing power of the citizen.[/size]
[size=45][You must be registered and logged in to see this link.]
Today at 5:16 am by Rocky
» MM&C 11/8/24 Does printing the currency in Iraq cost huge amounts?.. An expert answers
Today at 5:15 am by Rocky
» utube 11/9/2 MM&C News Reporting-Sudani Art IV IMF-Port Faw Open-CBI Governor-No Room for Tw
Today at 5:15 am by Rocky
» To approve controversial laws... new political understandings between the blocs
Today at 5:09 am by Rocky
» TBI opens two branches in Sulaymaniyah and Erbil and distributes 10,000 bank cards in Kurdistan
Today at 5:07 am by Rocky
» Private Banks Association: The rate of financial inclusion for electronic payment is increasing
Today at 5:03 am by Rocky
» Following the extension of the legislative term... a representative of "Al-Jabal": More than 120 law
Today at 5:01 am by Rocky
» The leak of “billion-dollar bribes” shakes the atmosphere... Al-Sudani’s advisor is in the eye of th
Today at 4:56 am by Rocky
» Central Statistical Organization: $24.6 billion in Iraqi imports in 2023
Today at 4:52 am by Rocky
» Operating Iraqi factories... citizens' hope and influential merchants' obstacle
Today at 4:48 am by Rocky
» Al-Sudani Office: Spreading lies is the weapon of the bankrupt
Today at 4:47 am by Rocky
» Al-Maliki: The government and political forces must abide by the statement of the authority
Today at 4:46 am by Rocky
» Parliamentary Security: US forces entered Iraq for the purpose of occupation
Today at 4:44 am by Rocky
» Politician: Next year's budget will face several challenges
Today at 4:43 am by Rocky
» White House Position Awaits Iraqi Beauty Who Helped Trump Return to Presidency
Today at 4:41 am by Rocky
» Dana Gas achieves $112 million in profits in nine months in Kurdistan
Today at 4:40 am by Rocky
» Al-Maliki warns against the explosion of internal crises and the activity of Baath Party cells in Ir
Today at 4:39 am by Rocky
» Find out Iraq's global and Arab ranking with the highest average per capita wealth for the year 2024
Today at 4:38 am by Rocky
» Al-Sudani's advisor: We have put in place a mechanism to provide loans to these groups
Today at 4:36 am by Rocky
» A set of recommendations from Al-Sudani to reform the financial and banking system in Iraq
Today at 4:35 am by Rocky
» Economist: Mistakes are being made in dealing with Basra crude prices
Today at 4:34 am by Rocky
» MP reveals reason behind rising real estate prices in Basra
Today at 4:32 am by Rocky
» Private Banks Association: Financial inclusion rate rose to 48%
Today at 4:31 am by Rocky
» Economic Center Proposes Establishing a Ministry or Authority for Artificial Intelligence in Iraq
Today at 4:30 am by Rocky
» Head of the "Homeland" coalition to "Nina": New understandings between parliamentary blocs to pass c
Today at 4:28 am by Rocky
» Interior Minister chairs meeting to discuss preparations for securing Arab Summit in Baghdad
Today at 4:27 am by Rocky
» The Prime Minister of the Kurdistan Regional Government discusses with the Japanese Ambassador to Ir
Today at 4:25 am by Rocky
» Al-Maliki: Iraq is a key country in the region, not a marginal one
Today at 4:24 am by Rocky
» Al-Araji discusses with the Iranian military attaché in Baghdad ways to enhance the security and sta
Today at 4:23 am by Rocky
» Expectations of delaying the formation of the regional government until next year due to the lack of
Today at 4:21 am by Rocky
» Tens of thousands of victims.. Will Iraq be able to remove mines before the end of 2028?
Today at 4:20 am by Rocky
» Parliamentary satisfaction with intelligence efforts: The quality of information contributed to dire
Today at 4:18 am by Rocky
» Trump wants to meet Sudani soon
Today at 4:17 am by Rocky
» Kurdistan Finance delegation in Baghdad to discuss October salaries
Today at 4:16 am by Rocky
» Voting this week.. Political dialogues to resolve differences over controversial laws in parliament
Today at 4:14 am by Rocky
» Oil: Associated gas investment in the north reached 410 MCM
Today at 4:13 am by Rocky
» With a length of (2444) meters.. Transport explains the strategic importance of the submerged tunnel
Today at 4:11 am by Rocky
» Government Media: 670 model schools completed in all governorates
Today at 4:10 am by Rocky
» For these reasons, Al-Mashhadani came to power as Speaker of Parliament.
Today at 4:08 am by Rocky
» For these reasons, Al-Mashhadani came to power as Speaker of Parliament.
Today at 4:06 am by Rocky
» Iraq reveals Iranian pledges not to use its territory in any attack
Today at 4:05 am by Rocky
» Al-Mashhadani’s first test: “One month” before the Iraqi parliament to decide on “controversial” law
Today at 4:04 am by Rocky
» Al-Sudani directs Jordanians to enter Iraq without a visa
Today at 4:03 am by Rocky
» Wasted wealth.. More than 50% of Iraqi factories are out of operation
Today at 4:02 am by Rocky
» Saleh Al-Mutlaq: “General amnesty” is designed for thieves
Today at 4:01 am by Rocky
» Parliamentarian: Cancellation of the international coalition withdrawal agreement from Iraq is possi
Today at 4:00 am by Rocky
» Government 'furious' at spreading lies: Law will take its right course
Today at 3:58 am by Rocky
» Baghdad Mayor launches new phase to achieve sustainable development at Cairo Urban Forum
Today at 3:57 am by Rocky
» Spreading lies is the weapon of the bankrupt.. The government: We will continue the war on corruptio
Today at 3:56 am by Rocky
» Chairman of the Advisory Board of the Council of Ministers denies an audio recording attributed to h
Today at 3:55 am by Rocky
» Installing GPRS systems in tankers transporting products to combat smuggling in Iraq
Today at 3:53 am by Rocky
» With a length of (2444) meters.. Transport explains the strategic importance of the submerged tunnel
Today at 3:51 am by Rocky
» Al-Sudani threatens: We will take revenge on anyone who tamperes with Iraq's security
Today at 3:48 am by Rocky
» Al-Sudani calls Trump.. Agreement on coordination to end the war in the region
Today at 3:46 am by Rocky
» Economic calls for Iraq to withdraw from OPEC.. What are the reasons?
Today at 3:44 am by Rocky
» Dollar exchange rates in Iraqi markets this morning
Today at 3:43 am by Rocky
» Disagreements and quarrels.. What happened in the last meeting of the State Administration Coalition
Today at 3:41 am by Rocky
» What are the possible scenarios for forming the regional government?
Today at 3:39 am by Rocky
» Proposal to establish a ministry or body dedicated to artificial intelligence in Iraq
Today at 3:37 am by Rocky
» Urgent | Including increasing the number of branches.. Al-Sudani issues 6 directives to develop the
Yesterday at 5:15 am by Rocky
» Al-Alaq describes the parallel dollar as “abnormal”: There is great stability in prices
Yesterday at 5:14 am by Rocky
» utube 11/5/24 MM&C MM&C News Report-ICC-Investors-RIYADA BANK-Port of Faw-3 Presidents Seated-Removi
Yesterday at 5:05 am by Rocky
» Foreign Ministry: Iraqi-Saudi Coordination Council to convene in Baghdad next month
Yesterday at 5:04 am by Rocky
» Travelers demand cancellation of electronic reservations by government banks in selling them dollars
Yesterday at 5:03 am by Rocky
» Al-Sudani directs to increase bank branches to expand financial services and modernize buildings in
Yesterday at 5:01 am by Rocky
» Census Without Nationalities: An Attempt to Write a New Narrative of Iraq’s Unity
Yesterday at 4:59 am by Rocky
» Diplomatic Embrace or the Specter of Sanctions: Iraq Sways in Positions towards Trump
Yesterday at 4:58 am by Rocky
» The National: The British Army Returns to Iraq Under New Pretext
Yesterday at 4:57 am by Rocky
» Zidane and Al-Mandlawi discuss the issue of approving laws related to the work of the judiciary
Yesterday at 4:55 am by Rocky
» MP: The ministerial change is not linked to a specific component or party
Yesterday at 4:54 am by Rocky
» For these reasons, Al-Mashhadani came to power as Speaker of Parliament.
Yesterday at 4:53 am by Rocky
» Al-Kroui to Al-Maalouma: 4 oil and gas fields on the table of the upcoming licensing rounds
Yesterday at 4:51 am by Rocky
» Raouf: The region needs more time to form the new government
Yesterday at 4:50 am by Rocky
» Al-Sudani issues 6 directives to increase financial inclusion and raise its indicators in all govern
Yesterday at 4:49 am by Rocky
» Kurdistan Men's Union Diagnoses Danger Threatening Society's "Collapse" and Proposes Polygamy
Yesterday at 4:47 am by Rocky
» Anbar explains details of the Western Desert irrigation project and sets its opening date
Yesterday at 4:46 am by Rocky
» Large ships at the five berths of Al-Faw Port
Yesterday at 4:44 am by Rocky
» Al-Marsoumi: Faw Port and Development Road will generate revenues worth 6 trillion dinars in 2038
Yesterday at 4:43 am by Rocky
» Nearly half of Iraq's factories are "stopped"... moves to rescue them
Yesterday at 4:42 am by Rocky
» Gulf central banks follow the Federal Reserve and cut interest rates
Yesterday at 4:41 am by Rocky
» Iraqis are the most likely to buy real estate in Jordan in 2024
Yesterday at 4:39 am by Rocky
» Iranian-Sudanese agreement to expand economic and trade cooperation
Yesterday at 4:38 am by Rocky
» Completion of 670 schools in all Iraqi governorates
Yesterday at 4:38 am by Rocky
» Al-Sudani's advisor: We have put in place a mechanism to provide loans to these groups
Yesterday at 4:37 am by Rocky
» A set of recommendations from Al-Sudani to reform the financial and banking system in Iraq
Yesterday at 4:36 am by Rocky
» A dialogue seminar in Basra discusses the anti-torture file and fair trial mechanisms
Yesterday at 4:33 am by Rocky
» The conclusion of the Ninth International Scientific Conference of the College of Veterinary Medicin
Yesterday at 4:32 am by Rocky
» Minister of Interior from Amman: The government has launched a major campaign to improve the service
Yesterday at 4:31 am by Rocky
» Al-Bujari: The Grand Faw Port Project is an opportunity to do justice to graduates of maritime speci
Yesterday at 4:29 am by Rocky
» Al-Sudani announces a package of new banking directives to enhance financial inclusion in the govern
Yesterday at 4:27 am by Rocky
» Iraqi oil returns to gains as Iran-Israel tensions escalate
Yesterday at 4:25 am by Rocky
» Next week... Parliament is close to resolving the controversial laws
Yesterday at 4:22 am by Rocky
» Zidane discusses with Mandalawi and Maliki cooperation between the judicial and legislative authorit
Yesterday at 4:21 am by Rocky
» Al-Atwani to Al-Maliki: We have embarked on a new philosophy for managing the financial sector based
Yesterday at 4:20 am by Rocky
» Al-Sudani issues a set of recommendations to reform the financial and banking system in Iraq
Yesterday at 4:18 am by Rocky
» Iraq's Maritime Future.. Everything You Need to Know About Faw Port and Completion Rates (Video)
Yesterday at 4:17 am by Rocky
» Trump poses a threat to Iraq's budget
Yesterday at 4:16 am by Rocky
» A detailed explanation of the implications of Trump’s victory on Iraqi oil policy
Yesterday at 4:14 am by Rocky
» Minister of Interior inaugurates the unified card system at the Iraqi Consulate in Jordan
Yesterday at 4:13 am by Rocky