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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


    Minister of Finance: The exchange rate of the dollar was fixed at 1450 dinars in the budget

    Rocky
    Rocky
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    Minister of Finance: The exchange rate of the dollar was fixed at 1450 dinars in the budget Empty Minister of Finance: The exchange rate of the dollar was fixed at 1450 dinars in the budget

    Post by Rocky Fri 30 Dec 2022, 5:33 am

    [size=46]Minister of Finance: The exchange rate of the dollar was fixed at 1450 dinars in the budget[/size]


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    Economie

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    [size=30]Today, Friday, Finance Minister Taif Sami informed the Iraqis about the general budget and dollar exchange rates, in addition to fixing contracts and lecturers.[/size]
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    Sami said, in an interview with the official agency, that “the ministerial program that was approved by the Council of Ministers includes the current expenditures of some ministries, and other investment projects that the Ministry of Planning worked on and included in the 2023 budget, noting that “the Ministry of Finance received the ministerial curriculum and its expenditures from the ministries that were included within the Public Budget.”
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    Sami added, “The general budget will focus primarily on the health sector, supporting hospitals, reducing operations abroad, supporting vulnerable classes, social care, and people with disabilities, and raising the loan capital ceiling for small projects in the Ministry of Labor.”
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    And she explained that “the Ministry of Finance is still working on completing the general budget law for the year 2023, and there are meetings held with the Prime Minister to include the directors, and they have not yet been sent to the Council of Ministers, Stressing that “the budget will include the establishment of a development fund, and we set its allocations for the investment platform with a text in the law on how to support it and prepare its internal system and draft within a year.
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    And the Minister of Finance continued, “The price of a barrel of oil, which has been set so far in the general budget, amounted to 65 dollars, and it may reach 70 dollars, and the total amount of the budget has not yet been set, while the exchange rate has been fixed at 1450.”
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    And she stressed that “the draft general budget law may include a study to impose some taxes on the oil derivatives sector, if approved by the House of Representatives, which would enhance revenues.”
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    Lecturers file
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    Sami said, "The lecturers' file took a large part with the government, which is working to end it," noting that "all the lecturers who were included in the financial allocation decision by granting them 250,000 are covered by the confirmation decision, and They are considered contracts from the date of 2019, amounting to 289,000.”
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    Regarding the file of the 2020 lecturers, Sami explained that “the lecturers for the year 2020 have not had funds allocated for them within the Food Security Law, and they need to raise their costs by the Minister of Education and present them to the Council of Ministers, and calculate their costs within Resolution 315.”
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    Install contracts
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    And Sami indicated that “the file for installing contractors and workers in state institutions will include everyone who has two actual contract years, and the mechanism for installing them will be from two directions: the first is the departments that will bear the costs in full, And the other there are allocations for high ministries through transfers, while the state bears the financial differences for the ministries that have numbers.” Large allocations are not enough to cover it.

    exchange rate
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    And Sami noted that “monetary policy is the responsibility of the Central Bank of Iraq, but there is an act of solidarity, and an example of this is the central bank's directives to banks affiliated with the Ministry of Finance to sell the dollar at the official price for travel purposes,” noting that “there is a committee formed on the file of the high exchange rate that will be presented to the Council of Ministers to vote on new matters.
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    She explained that “talk about the American side's intention to impose restrictions and sanctions on the banking sector and others is untrue,” noting that “there is a platform and a joint system between the Federal Bank and the Central Bank that was supposed to work on it since 2018, but it has been implemented for auditing purposes now.” Therefore, it caused a temporary rise in the exchange rate, and it will return to its normal stability.
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    And she indicated that “there are other measures taken to address the high exchange rate, including working on customs exemptions and providing facilities to merchants to prevent smuggling and extortion, and this will achieve positive purposes, including higher revenues,” noting that “the Ministry of Agriculture will approve the import license, and the mechanism for issuing it will be within one day.”
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    The white paper
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    Sami added, "The ministerial curriculum included a large number of paragraphs of the white paper, especially the automation of customs and taxes, the comprehensive banking system, the unified treasury, and other files."
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    Theft of the century
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    And she pointed out that "there are two batches that have been returned from the refunded amounts related to tax insurances, and there are other payments that will be returned and delivered to the Integrity Commission in a special account in coordination with the investigation court."
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