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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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The Sadrist bloc attacks the Finance Minister again: It has burdened Iraq with debts

rocky
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Finance - The Sadrist bloc attacks the Finance Minister again: It has burdened Iraq with debts Empty The Sadrist bloc attacks the Finance Minister again: It has burdened Iraq with debts

Post by rocky Wed Feb 23, 2022 7:58 am

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The Sadrist bloc attacks the Finance Minister again: It has burdened Iraq with debts
Feb 23 2022

Ultra Iraq - Editorial Team
On Wednesday, February 23, 2022, the Sadrist Parliamentary Bloc held a press conference in the presence of the head of the bloc, Hassan Al-Adhari, his deputy, Hassan Al-Kaabi, and the first deputy speaker of the House of Representatives, Hakim Al-Zamili.
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The bloc confirmed that the Minister of Finance intervened to determine the exchange rate of the dollar outside his powers
The Sadrist bloc once again attacked Finance Minister Ali Allawi for not attending the parliament session, which he had previously specified by "summoning" the minister and the governor of the Central Bank.
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The First Deputy Speaker of Parliament, Hakim Al-Zamili, said that "more than 100 deputies were appointed to host the Minister of Finance and the Governor of the Central Bank, and based on that the House of Representatives decided to host them," adding: "But the Minister of Finance shied away from his legal and legal responsibility and made false pretexts for not attending," despite The constitutionality of the hosting request.
He pointed to a new directive from the House of Representatives, "with the signing of more than 100 deputies requesting the presence of the minister on Monday and asking him about the reasons for raising the exchange rate, the rise in foodstuffs, goods and merchandise, and the damage to a large segment of the Iraqi people."
The Ministry of Finance had said earlier that "price inflation is a global phenomenon that is not linked to devaluation of the currency," and indicated that "the exploitation of some importers and traders by imposing additional prices for the purposes of competition and achieving additional gains also leads to this phenomenon."
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Al-Zamili added: "The Ministry of Finance was supposed to find solutions and treatments by increasing the ration card items, increasing social protection salaries, and providing medicines and treatments to patients with the support of the Ministry of Health and the national product."
Al-Zamili, the current Minister of Finance, accused "and his wrong policy that burdened Iraq with debts and doubled," saying that "Iraq's total debt until 2020 was 40 trillion dinars, while the Ministry of Finance borrowed with its current minister only 27 trillion in 2020, that is, internal loans increased by 67 percent. So, speak up, and there is nothing wrong with it.”
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The Minister of Finance caused an increase in the percentage of internal loans by 67% after the year 2020, according to Governor Al-Zamili
He continued, " The exchange rate has been
The minister did not address, according to al-Zamili, "the great corruption in the tax and customs departments and other departments of the ministry that he was supposed to benefit from in maximizing revenues" at a time when "high levying went into the pockets of spoilers."
Al-Zamili spoke about the House of Representatives’ clarification from the Governor of the Central Bank about “some banks’ acquisition of a high percentage of the currency sale auction and inquiries about forged invoices and currency smuggling and everything related to monetary policy,” noting that “a parliamentary committee was formed under our leadership and the membership of deputies and specialists to investigate facts and scrutinize each what was mentioned."
Before concluding, Al-Zamili pointed to one of the stories of forged bills, saying: A bank owner imported phones worth 50 million dollars, but the real bills amount to 10 million dollars, meaning that 40 million are forged bills.
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