Home
[size=30]From 5 points.. Parliamentary intervention to amend the dollar exchange rate in Iraq[/size]
[You must be registered and logged in to see this image.]AM:11:29:04/08/2021
MP Mazen Al-Faili demanded, on Wednesday, the Ministry of Finance and the Central Bank of the need to restore the exchange rate to what it was previously, describing that the justifications given by the government are unrealistic and unstudied.
Al-Faili said in a statement received by NRT Arabic, a copy of it, (August 4, 2021), that "it is no secret to any follower that the decision to raise the exchange rate of the dollar has negatively and significantly affected citizens in the various layers of poor and fragile society, employees, and even merchants and contractors."
The statement added, "We believe that the justifications given by the government are unrealistic and unstudied for the following reasons:
1- The rise in oil prices in global markets, which contributed to a significant increase in the financial returns to the state treasury, which negates the need to raise the exchange rate of the dollar
2- The average dollar sale in the Central Bank’s sales window has increased relatively, which means that raising the exchange rate did not stop the depletion of hard currency and money laundering operations, as the government claimed, as the data shows, for example, that Iraq sold in July 2020 an average of 183 million dollars per day in When he sold in July 2021 an average of 210 million dollars, which shows an increase in the quantities of dollars sold, which means the futility of raising the exchange rate.
3- OPEC’s decision to increase Iraq’s share of selling oil in world markets by 150,000 barrels per day, equivalent to (300) million dollars per month.
4- What some people claim to justify raising the exchange rate for the purpose of supporting the local product is contradicted by the decisions that granted Jordan exemptions from customs duties for hundreds of materials and the sale of oil at a low price, as well as the absence of infrastructure for national industries and many raw materials imported from abroad in dollars, thus raising the cost of production and weakening its competitiveness with Similar imported product
5- After more than eight months have passed since the exchange rate was raised, we wonder what the financial savings that occurred as a result of the exchange rate increase have been achieved. Achieved by raising the exchange rate also leaked into the pockets of the corrupt! ".
He explained, "The points we mentioned clearly indicate that there is no need to raise the exchange rate of the dollar," stressing that "the Ministry of Finance and the Central Bank must restore the exchange rate to what it was previously and not invoke justifications that do not withstand the data and data that we have indicated." ".
[You must be registered and logged in to see this link.]
Al-Faili said in a statement received by NRT Arabic, a copy of it, (August 4, 2021), that "it is no secret to any follower that the decision to raise the exchange rate of the dollar has negatively and significantly affected citizens in the various layers of poor and fragile society, employees, and even merchants and contractors."
The statement added, "We believe that the justifications given by the government are unrealistic and unstudied for the following reasons:
1- The rise in oil prices in global markets, which contributed to a significant increase in the financial returns to the state treasury, which negates the need to raise the exchange rate of the dollar
2- The average dollar sale in the Central Bank’s sales window has increased relatively, which means that raising the exchange rate did not stop the depletion of hard currency and money laundering operations, as the government claimed, as the data shows, for example, that Iraq sold in July 2020 an average of 183 million dollars per day in When he sold in July 2021 an average of 210 million dollars, which shows an increase in the quantities of dollars sold, which means the futility of raising the exchange rate.
3- OPEC’s decision to increase Iraq’s share of selling oil in world markets by 150,000 barrels per day, equivalent to (300) million dollars per month.
4- What some people claim to justify raising the exchange rate for the purpose of supporting the local product is contradicted by the decisions that granted Jordan exemptions from customs duties for hundreds of materials and the sale of oil at a low price, as well as the absence of infrastructure for national industries and many raw materials imported from abroad in dollars, thus raising the cost of production and weakening its competitiveness with Similar imported product
5- After more than eight months have passed since the exchange rate was raised, we wonder what the financial savings that occurred as a result of the exchange rate increase have been achieved. Achieved by raising the exchange rate also leaked into the pockets of the corrupt! ".
He explained, "The points we mentioned clearly indicate that there is no need to raise the exchange rate of the dollar," stressing that "the Ministry of Finance and the Central Bank must restore the exchange rate to what it was previously and not invoke justifications that do not withstand the data and data that we have indicated." ".
[You must be registered and logged in to see this link.]
» Iraq.. is subject to this condition.. Parliamentary Finance denies knowing the most important featur
» Washington's new ambassador to Baghdad sets out the first tasks she will perform in Iraq ,
» In The Document.. Al-Zamili Calls For Allocating An Amount In The “Food Security” Law To Convert Lec
» Parliament Will Host The Minister Of Education Next Week
» The Central Bank: The banking sector has withstood great challenges and witnessed positive growth
» Central Bank Governor: We will continue to support the banking sector to develop the Iraqi economy
» In The Presence Of Blackshart.. The Start Of The National And Democratic Meeting At The Headquarters
» The Housing Fund confirms the continuation of granting loans and warns against commentators
» Mulla Bakhtiar: President Nechirvan Barzani's initiative is important, and whoever reduces concerns
» He denounced the threats against Kurdistan .. the Iraqi Ummah Party: Its goal is to prevent the regi
» The framework talks about “surprises” and studies the renewal of Al-Kazemi in exchange for “guarante
» Al-Kazemi and his Bulgarian counterpart exchange invitations to visit Baghdad and Sofia
» The Council of Ministers issues “electrical” decisions and “water” recommendations and conducts an i
» Document.. The Iraqi parliament allocates its next session to vote on a law banning normalization wi
» Al-Kifah and Al-Harithiya close at a decrease in the exchange rate of the dollar
» Al-Rasheed Bank launches a new meal from an advance of 5 and 10 million dinars
» Davos leaders: Food crisis could lead to trade war
» For the second day.. gold prices stabilize in the Iraqi markets
» With revenues amounting to 10 billion dollars .. Oil announces its final exports for the month of la
» 24,000 random housing units: the deputy governor holds the Minister of Interior responsible for hous
» Education for the World Bank: Evaluating education is not your business
» Oil Minister: We signed contracts to produce 2,500 megawatts
» Experts call for an increase in marine fishing operations in territorial waters
» Erbil is “threatened” in conjunction with a Kurdish-Kurdish agreement, and the security of Kurdistan
» Al-Sadr is preparing to lead a resounding demonstration similar to the October uprising
» An oil official: Most of the southern fields produce associated gas
» Ali Allawi: Cash reserves will reach more than 90 billion dollars by the end of this year
» The rise in oil prices is supported by a lack of supplies and the possibility of increasing demand
» The rise in the price of the dollar in the local markets
» Rising food prices... Sanctions against these traders
» Oil prices are rising again
» The vote on “banning normalization” includes the agenda of Thursday's session
» Expectations to resolve the presidential file soon!
» Al-Sadr's deadline is in a countdown... and there are no signs of a consensual government
» After rejecting its governmental version, the Food Security Law returns to the front of the parliame
» The Agriculture Committee holds a meeting to discuss the summer plan for this season
» The Parliamentary Regions and Governorates Committee discusses the emergency support law proposal
» Parliamentary meeting to discuss mechanisms for implementing the instructions of the Teacher Protect
» Within a day.. the Central Bank of Iraq sells more than 220 million dollars in a currency auction
» Deputy: 80% of Iraq's factories have turned into "scrap iron".. 3 reasons behind the disaster - Urge
» PARLIAMENTARY LEGAL INCLUSION OF LECTURERS AND ADMINISTRATORS TO RESOLUTION 315 WITHIN THE 2022 BUDG
» Iraq Promises Iran To Pay Gas Debts Soon, And Tehran Offers Its Services To Solve The Problem Of Des
» The Council of Ministers holds its session headed by Al-Kazemi
» The Finance Committee sends an invitation to members of the House of Representatives regarding the p
» Parliamentary law sets the date for voting on the law criminalizing normalization with the Zionist e
» KTFA Members "News and Views" Monday Afternoon 5-23-2022
» Monday Night KTFA CC with Frank26 "Bird of Paradise: 5-23-2022
» Al-Bayati: The Kurdish House Will Join Any Coalition That Guarantees Its Interests... The Breakthrou
» A Deputy Calls For An Emergency Meeting After The “Al-Islah” Massacre.. 3 Big Question Points
» Al-Bolani Talks About “Agreement Week” To Produce A New Political Plan
» Calls To Open The File Of The Al-Halbousi Party’s Wealth: Its Headquarters In Baquba Is Worth One Bi
» Frustration Hits The Trio After 7 Months Of Failing To Achieve His Ambitions
» Al-Halbousi's Competitors Sneak Through The Parliament's Back Door And Signals Of Dismissal Are Eman
» Political Activist: Al-Halbousi Acquired Nineveh's Money And Transferred It To Anbar
» Al-Zobaie: Al-Halbousi's Behavior Will Lead Him To Dismissal Soon
» Deputy: Unemployment Reaches A Critical Point, The Most Dangerous After 2003
» Deputy: Unemployment Reaches A Critical Point, The Most Dangerous After 2003
» Economist: Oil Prices Will Continue To Rise, And Iraq Faces An Opportunity For Urban Development
» Al-Zanki: The Government Has Abandoned Its Role In Curbing Price Hikes
» With the participation of more than 200 companies .. Erbil hosts an international exhibition for bui
» Lebanese banks in Baghdad withdraw voluntarily
» Kurdistan Islamic Union of Maliki: The problems between Baghdad and Erbil require a quick solution
» Ammar al-Hakim informs the King of Jordan of his support for the Basra-Aqaba oil pipeline project
» European official: We have close cooperation with Iraq in the fight against terrorism
» Israel seizes the space orbit of Iraq (document)
» The Security Council of the Region responds to the factions: Any aggression against Kurdistan will h
» Subject to change according to need.. 25 trillion dinars “balance” for food security and the cancell
» Kurdistan Democratic Party: Our position is firm regarding the presidency
» More than 90% of students do not understand what they read.. The World Bank is financing an educatio
» Oil prices fall amid fears of recession and weak consumption
» The Agricultural Bank launches financing for the purchase of housing units within investment complex
» Voluntary qualifiers for Lebanese banks in Baghdad... and an Iraqi commentary (photos)
» The stability of gold prices in the Iraqi markets
» Official statistics: More than 2,280 hotels in Iraq and Erbil are the first to have "five-star" hote
» Ports of Iraq: receive 12 oil tankers at the specialized port of Khor Al Zubair.
» Basra crude rises and records more than 103 dollars
» The Iraqi parliament is discussing the payment of 1.6 billion dollars for Iranian gas
» An economist indicates a great danger to desertification and sends an important message
» Saleh calls for the implementation of constitutional entitlements
» A new initiative from the region to decode the blockage
» Al-Kazemi receives a delegation from the European Parliament
» Iraqi political forces await "white smoke" from Erbil
» Parliamentary direction to impose strict control over the funds of the emergency support law
» Western countries are moving to obtain their oil needs from Iraq
» A summit meeting soon brings together the Democratic Party and the Patriotic Union.. The doors of “A
» The World Bank agrees to fund a new project for education in Iraq
» Planning delivers good news for contractors
» Dollar exchange rates in the local Iraqi markets
» A government bank renews the warning against "fake" offices and pages
» The President of the Republic receives the Secretary-General of the Kurdistan Islamic Union
» The President of the Republic: The terrorist attacks that targeted Kirkuk and Diyala are despicable
» Parliamentary legal reveals the existence of 120 neglected laws from previous parliamentary sessions
» The rule of law calls on political blocs and influential decision-makers in the political scene to c
» Member of the framework: Al-Kazemi's renewal for a second term is one of the compromise solutions to
» The Ministry of Higher Education resolves the controversy over the existence of a decision on gender
» General Traffic determines the amount of fees for replacing the new unified plates
» The President of the Republic to the European Parliament delegation: The danger of terrorism cannot
» Al-Kaabi addresses the Ministry of Finance regarding the free lecturers (document)