Category: Dinar Daddy

Deputy: Iraq’s dependence on oil will enter with falling real crisis

Bloc MP for the Liberal Messenger Tai morning, Saturday, the government and the ministries concerned student to find an alternative to oil for the financing of public budgets for the coming years, considering that the continued decline in oil prices will enter Iraq in a real crisis could announce bankruptcy.

He said al-Tai said in a statement received “direction Press” a copy of it, that “in light of the low price of a barrel of oil on world markets and the tense situation in the region, has to be on the government and the ministries concerned to find an alternative to oil for financing and building public budgets for the coming years.”

He said al-Tai, the “oil imports represent annually more than 90% of the general budget size, and must find another resource for the budget,” pointing out that “the wages of collection to the Municipality of Baghdad and some of the ministries on the ads, shops and factories, businesses and restaurants, as well as taxes on companies mobile phone and customs tariff and other, will be a good improbable for the government to fill some of the deficit to the draft budget. “

He said al-Tai, “The government’s dependence on oil imports, and regarded as a major supplier of the budget in light of the decline to $ 33, will enter Iraq in a real crisis could announce bankruptcy in the coming years.”

It is said that the House of Representatives, in a voice (December 16, 2015) by a vote of those present on the draft budget law for fiscal 2016 valued at more than 105 trillion dinars, and a deficit of more than 24 trillion dinars, considered on the basis of the price of a barrel of oil to 45 dollars.

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Central bank: address the financial situation is done through the advancement of the real sectors

Said the Iraqi Central Bank on Saturday to address the financial situation in the country would only be done through the promotion of sectors “real”, as he emphasized that the bank’s board is the only body authorized according to the law determining the dinar exchange rate.

The bank said in a statement: “direction Press” received a copy of it, that “address the financial situation must be conducted through the promotion of real sectors,” noting that “the Bank initiative to provide loans for the promotion of these sectors was a signal and an incentive for the promotion of these sectors.”

The statement emphasized that “the bank’s board is the only body authorized according to the law determining the dinar exchange rate and every statement in this regard does not issue him is confusion and confusion to the market.”

The prime minister Haider al-Abadi stressed, first on Thursday, that the collapse of world oil prices would be a “force” for Iraq and the “benefit” of stimulating positive, as called for activating the single window in the investment, expressed regret for the decline in palm cultivation in Iraq.

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Central bank: no intention to amend the Iraqi dinar exchange rate

The Central Bank on Saturday, the lack of intent to amend the Iraqi dinar exchange rate, pointing out that the devaluation of the dinar would lead to damaging the purchasing power of citizens.

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It criticized the lack of central bank intervention in resolving the financial crisis Kurdistan

He criticized member of the economic and investment commission in the House of Representatives Najiba Najib, Friday, non-interference by the Iraqi Central Bank in resolving the financial crisis experienced by the Kurdistan region.

She said Najib in a statement received “direction Press,” a copy of it, that “the Iraqi Central Bank plays a large and important role in finding solutions and treatments to the financial crisis experienced by the Iraqi Federal Government through the launch of agricultural, industrial and real estate loans to citizens through sector banks, as well as the purchase of treasury bonds from the Ministry of Finance to secure liquidity. “

She said Najib, a deputy from the Kurdistan Alliance, that he “did not find central bank’s role and the promotion of constitutional and legal responsibilities towards the citizens of the Kurdistan region who are suffering from the financial crisis experienced by the region, because it is a sovereign institution and reserves located in it is a reserve for all Iraqis without discrimination, and carrying out its responsibilities It will increase the prestige and independence and the confidence of Iraqi citizens do. “

 

The head of the Kurdistan Regional Government Nechirvan Barzani stressed, in (November 30, 2015), that the region is going through a difficult financial crisis coincides with the presence of large numbers of displaced persons and refugees on its territory, calling for helping to improve the situation of the displaced.

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Restore $ 4 million from the Jordanian bank first batch of Iraq’s debt

Source in the Rafidain Bank announced a $ 4 million restoration of the first batch of Iraqi bad debt at one Jordanian banks.
The source told all of Iraq [where] a copy of “management of the bank and in cooperation with the Office of the Inspector General of the Ministry of Finance has to negotiate to restore Iraqi bad debts at one Jordanian banks, amounting to $ 8 million.”
He said he “has been re-$ 4 million to the treasury of the bank as a down payment first and it will retrieve the rest of the money in the next month of May, “.anthy
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Iran: the export of 4 million cubic meters to Iraq at the end of March

Announced the director of international affairs for the National Gas Company of Iran for the export of Iranian gas to Iraq within the end of March to mid-June 2016.
Said Azizullah Ramadani, said that “Iran is preparing to export its gas to Baghdad and wait for the Iraq Ptorیdh adding that the equipment concerned the export of gas ready.”
Stated Executive Director of the Company of the National Gas Ali Reza کamla, that “gas export to Iraq subject to the approval of security on the territory of this country and Iran’s full readiness to begin the export operation.
“Iraq and Iran signed an agreement in 2013 to start whereby Iran gas export to Iraq to feed the three power stations in Baghdad and Diyala, but after more than two years after the export process did not start.
It provides Iranian gas under the agreement Baghdad quantity of export amounting to 4 million cubic meters per day and will increase to 35 million cubic meters per day, while providing Basra 5 million cubic meters per day, a year after the signing of the contract [in 2016] and will increase to 30 million cubic meters per day.
The Iraqi Ministry of Electricity has signed on 22 July 2013 a contract Whatever it is the first of its kind with the Iranian Oil Ministry for processing natural gas, for a period of four years, subject to renewal, and the market price of Alaalmih.anthy
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Millionday shares exciting news

Millionday FIRST LET ME SAY THAT CBI HAS CALLED ON ALL BANKS TO TAKE OVER UNDER INTERNATIONAL COMPLIANCE RULES AND REGULATIONS — THIS IS ACCOUNTING STANDARDS AND ALL THAT GOES ALONG WITH GLOBAL INTERNATIONAL BANKING. THERE HAVE BEEN MANY RELEASES OF HUGE HUGE REPORTS GIVEN BY GOVERNMENT AND CBI …AND OBVIOUSLY ARE ABOUT THE ADVANCEMENT OF IRAQ. CBI ORDERS ARE TO BEGIN AS OF JANUARY 1ST THIS YEAR — SO FISCAL YEAR. VERY EXCITING OF COURSE.

House Speaker Meets Al-Suhail In The Occasion Of Assuming Her Duties As Ambassador In Jordan

BAGHDAD / NINA / House Speaker Salim al-Jubouri met Safiya al-Suhail, Iraq’s ambassador to the Hashemite Kingdom of Jordan on the occasion of assuming her duties as ambassador.

He Jubouri, according to a statement of his office, expressed hope that al-Suhail contributes to upgrade relations between the two brotherly countries and to achieve the common interests and meet the aspirations of their peoples.

Speaker saw that choosing Suhail for this mission reflects the “high-efficiency which is characterized by Iraqi women and their ability to fill senior positions which gives more support to make incentive.”

For its part, al-Suhail appreciated Jubouri’s support, confirming her relentless quest to perform her functions to reflect the excellence of Iraqi women on the one hand, and their ability to take responsibility.

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MP Calls To Cancel the Share 17% Of Kurdistan From The Federal Budget

BAGHDAD / NINA / MP of state of law coalition, Abdul Salam al-Maliki called on the government and parliament to cancel the province of Kurdistan’s share from the federal budget, which is amounting to 17% after they shirked the agreement for oil.

He said in a statement today that ” the shirked of Kurdistan region to implement the agreements is not a new, we could not find any desire or love for Iraq and its people interests, during the past period, which followed in 2003, but we only see a desire to expand and depletion of the country’s wealth and cooperation with hostile parties to serve their agendas and their alleged state “.

He added that “the Iraqi people fed up with the dispositions of no responsible of Kurdish politicians, and we no longer have any desire in their presence within our government or our Parliament, or even as part of the map of Iraq, so their president Barzani is required for a referendum on self-determination and to save Iraq from their evil.”

Maliki stressed “the need that the parliament and the government to take a real stance of those separatist policy, the first is to cancel the original budget from the federal budget, the second re-formation of an Iraqi government that includes just Iraqis , not includes those who are dealing on the basis of a state within a state” .

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