Mnt Goat News Brief - (Guru Portion Only) 3/16/21

by **RamblerNash** Tue Mar 16, 2021 9:56 pm

More news….

POLITICAL AGREEMENT TO PASS THE OIL AND GAS LAW

March 11, 2021

The MP for the Sadikoun Parliamentary Bloc, Fadel Al-Fatlawi, revealed today, Tuesday, a political agreement to pass the oil and gas law.

Al-Fatlawi said in a statement that "the political blocs are heading towards passing the oil and gas law after completing the laws of the Federal Supreme Court and the federal budget for 2021," pointing out that "the law may be presented inside the parliament during the next week."

He added that "the law is of great importance in solving the outstanding problems between Baghdad and Erbil and the oil-producing provinces," noting that "PASSING IT WILL ACHIEVE JUSTICE IN THE DISTRIBUTION OF WEALTH AND THE REVIVAL OF POOR AREAS."

He continued, "The law enjoys great political support in Parliament, and there is a serious intention to settle it and pass it during the current legislative term."

More news….

MP: THE NEGOTIATIONS BETWEEN BAGHDAD AND ERBIL ON THE 2021 BUDGET HAVE NOT STOPPED

The information / Baghdad… MP Iqbal Al-Lahibi confirmed, on Friday, that negotiations between Baghdad and Erbil on the terms of the 2021 budget have not stopped.

More news….

STATUS OF THE REVALUATION OF THE IRAQI DINAR:

WOW! It is hard to believe we are half way through March already. Spring is moving ahead.

There is not much more to talk about today that is different than last week.

Not much has changed. The CBI will maintain the rate at around the 1145 and has no plans to change it until the revaluation occurs regardless of the articles you read. Iraq is not giving mixed messages about the progress of the RV. They are very straightforward. It is the idiots in the US that are mixing things up since they are not in real contact with the CBI and produce lots of FAKE news and everyday / any day news for the RV. They are imposters pretending to be US Treasury representatives.

We know the budget is ready but has not yet been voted on. Many of your gurus tell you it is already passed but again this is not true. Why they tell you that I can not figure out other than they are lying. The only reason I am hearing why the budget is stalled in the 1145 rate for the dollar. But this is a poker game and so we will see who wins in the end. Who will “call the bluff”.

Please continue to pray for the end of the corruption in the USA and Iraq. Did you watch my latest video set part 1 and 2 of Democrat Scams? Part 3 will be coming out vey soon.

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Formal Articles are below. Due to FACEBOOK limitations they do not print my RED colored fonts or italics, so my comments are in brackets ( ) throughout the articles. I will preface my comments with “Mnt Goat” so you know I am jumping in with observations. Also, I separated the articles with asterisks.

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Articles Begin

WHAT ARE THE “TECHNICAL REASONS” THAT IMPEDE THE BUDGET?

Yes Iraq: Baghdad… The push and pull still hangs over the fate of the 2021 budget, especially after the agenda of the House of Representatives session today, Monday, was devoid of the draft budget.

While there is talk about the fact that Article 11 related to the share of the Kurdistan region and its financial obligations towards Baghdad is the focus of the dispute that obstructed the agreement on the budget, parliamentary statements come out from outside the Finance Committee and for different political blocs, recording many new objections about the budget that go beyond the issue of the dispute with the Kurdistan region.

The talk began to escalate about the fact that returning the price of the dollar to its previous era, has become a major controversial issue standing in the way of passing the budget as well as job grades and provincial shares and other files.

THE FINANCIAL COMMITTEE IS “OPTIMISTIC”: ONLY TECHNICAL REASONS DELAY THE BUDGET!

However, the Finance Committee is still talking about “resolving matters” and the fact that the dispute is related only to Article 11, promising the existence of “semi-final” to these differences, and that the postponement of the vote on the budget came for “technical reasons”, without clarifying the concerned with these technical reasons, especially with the approaching year Ending its first quarter without balancing.

Where a member of the Parliamentary Finance Committee, Muhammad Ibrahim, said today, Monday, that “the budget was postponed to tomorrow’s session, Tuesday, due to the presence of some technical measures, as well as in order to complete some aspects related to it and then submit it to a vote.”

He added, “There is near-consensus between Baghdad and Erbil to pass the budget, as the postponement of its presentation in Parliament is to give more time about the agreement between the two sides on the contentious articles in the budget.”

He stressed that “Article 11 of the budget is the focus of the dispute between the two governments, especially with regard to the region’s dues since 2004 and the quantities of oil exported across the region, as the issue is still revolving around political dialogues.”

What are the technical reasons?

Returning to previous statements, MP Riyadh Al-Masoudi says, “The problems and disagreements about the draft budget law for the year 2021 are not related only to the share of the Kurdistan Region, but there are technical differences, including the issue of the exchange rate of the dinar against the dollar, as well as the issue of including functional degrees in the law, in addition to the surplus sums. With the rise in oil prices, and others ”.

Al-Masoudi ruled out “the possibility of passing the budget bill without the agreement of all political parties on it, but this agreement has not happened until now.”

From here it appears that the “technical differences” are related to fundamental issues, as according to Al-Masoudi’s statement, the issue of the dollar’s price as well as job grades falls within the technical differences that the Finance Committee talks about.

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A MEMBER OF PARLIAMENTARY FINANCE EXPLAINS THE POSSIBILITY OF PASSING THE BUDGET AND POSTPONING THE SETTLEMENT OF THE KURDISTAN QUOTA AND THE EXCHANGE RATE CLAUSES

A member of the Parliamentary Finance Committee, Jamal Cougar, confirmed today, Thursday, March 11, 2021, that the Federal Budget Law for 2021 cannot be passed in part, in response to the requests to vote on the budget with the postponement of the .settlement of the exchange rate paragraph and Kurdistan’s share in it until final agreement regarding them

Cougar said in an interview with him (Baghdad Today), "Passing the budget bill with the postponement of the vote on the share of ".Kurdistan and the exchange rate due to deep disagreements about them is impossible

He added that "the dollar exchange rate is decided and the House of Representatives does not have any authority to pass it," pointing ".out that "the budget cannot be passed without deducting the share of the Kurdistan region in it Member of Parliament, Asaad Al-Morshedy, confirmed yesterday, Wednesday, that the session of the House of Representatives set for next Monday to put forward the budget bill for the year 2021 will be decisive, given that the only affected citizen is the delay in passing .the budget

Al-Morshidi said in an interview with (Baghdad Today), "The budget is ready for voting and the parliamentary finances have sent the bill ".to the Presidency in order to put it to vote next Monday

He added that "political differences between Baghdad and Erbil were behind the delay in approving the draft budget, and therefore it is ".inevitable to pass it in the next parliament session

And that "all economic projects are stalled in the country because of the delay in approving the budget, so the Iraqi citizen is the only ".one affected by what is happening," stressing that "the dismissal will be said to Parliament regarding the passing of the budget

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NEW CHANGES IN THE EXCHANGE RATES OF THE DOLLAR ATTRACT THE ATTENTION OF THE IRAQI STREET ... "SIGNIFICANT" CONSEQUENCES PREDICTED BY ECONOMISTS

Wide anticipation continues in the Iraqi street for any new decision related to changing the exchange rate of the dollar again in Iraq and reducing it or returning it to its previous price, after the committee formed to study the consequences of changing the exchange rate announced that it would come out with recommendations to the Council of Ministers within 30 days.

WHILE THERE IS TALK, ANTICIPATION, AND CALLS FOR RESTORING THE PREVIOUS EXCHANGE RATE, ECONOMISTS HAVE HIGHLIGHTED MAJOR CONSEQUENCES THAT MAY OCCUR AS A RESULT OF CHANGING THE EXCHANGE RATE.

Economic expert Manar Al-Obaidi says in a blog posted by "Yass Iraq", "THERE ARE A LOT OF DISCUSSIONS THESE DAYS REGARDING THE REVIEW OF THE EXCHANGE RATE AND WHETHER IT WILL BE CHANGED OR NOT AND RETURN IT TO 1200," NOTING THAT "ANY CHANGE IN THE EXCHANGE RATE IN THIS NEAR PERIOD WILL HAVE MAJOR REPERCUSSIONS INCLUDING THE LOSS OF CONFIDENCE IN THE IRAQI ECONOMY.

He adds: "The exchange rate was made under pressure from the World Bank and the international parties supporting Iraq, and the process of returning the price will lead to a reduction in support from these parties," noting that "even with a change in exchange rates, most of the materials will not return to their normal prices directly, but rather a period of distrust In the Iraqi market, it will make importers maintain a high exchange rate for fear of a return to its rise.

He explained that "the government should take advantage of the currently high price of oil to immediately start building industrial strategic projects capable of providing raw materials for manufacturing industries, which will support the provision of a local product capable of providing various products to the Iraqi market."

He stressed that, "If the exchange rate must be changed, it is better to move towards floating the dollar instead of the policy of controlling the exchange rate and depleting hard currency to maintain a constant exchange rate," noting that "what is required from the Ministry of Planning is to work strongly to clarify the sectors that most affect the rise in the dollar price And work vigorously to launch program packages to reduce the impact of the depreciation of the dinar on these sectors, especially in the food and health sector.

He continued, "Working to issue a performance follow-up report for the development plan, which is the basis for building the country and activating the correct economic policies instead of focusing on monetary policy, which is supportive of economic policy and not the pillar of the Iraqi economy," stressing "the need to activate the 3 trillion initiative that was announced." About the Central Bank to support vulnerable groups and work to activate the ration card and improve its vocabulary.

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PARLIAMENTARY FINANCE ENDS THE DEBATE OVER THE DEVALUATION OF THE DOLLAR AND REVEALS THE PAPERS

Jamal Cougar, a member of the parliamentary finance committee, on Monday outlined the reasons for the difficulty of reducing the exchange rate of the Iraqi dinar against the dollar by the government in the 2021 budget.

"The central bank and the Ministry of Finance cannot lower the exchange rate again, including BECAUSE THE MAIN GOAL OF THE DOLLAR INCREASE IS TO REDUCE THE GOVERNMENT'S DEFICIT AND OPERATING EXPENSES IN THE GENERAL BUDGET," Cougar told Shafq News.

"Another reason is that the general budget is designed on the new dollar price and there are projects and commitments, so when you ask for a change in the dollar, it means that every budget is required to be changed from A to Z," he said.

"There are a lot of people affected by the rise in the dollar, so they may resort to justice when it is reduced again as a result of the damage done to them," Cougar said.

"The central bank and the finance ministry are not ready to go and change the dollar for all these reasons," cougar said, adding that "the finance ministry and the central bank ARE FINANCIAL POLICY SPECIALISTS AND THEY HAVE MANY REASONS NOT TO CHANGE THE DOLLAR."

The Central Bank of Iraq has decided to raise the selling price of the dollar to banks and exchange companies to 1,460 dinars, from 1,182 dinars per dollar, in order to offset the decline in oil revenues caused by the decline in oil prices.

All the prices of materials and commodities have risen significantly in the local market, sparking a wave of discontent among the popular community and some political blocs, as well as objections from some interested in the economy.

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THE UNITED NATIONS DETECTS THE DISASTROUS EFFECTS OF RAISING THE PRICE OF THE DOLLAR AGAINST THE DINAR

The United Nations World Food Program in Iraq revealed , on Saturday, that the price of the food basket has risen to 14% after the devaluation of the local currency against the dollar, while calling for formulating policies to increase the contribution to the gross domestic product.

"The World Food Program monitors food prices, including the average food basket of 2,100 calories per day," said the representative of the World Food Program in Iraq, Abdul Rahman Megaj, in a statement reported by the official Al-Sabah newspaper, which was seen by the information.

Megaj added, “10% of people use 'coping strategies' to help with their condition, because they do not have enough food to eat. Of those 10%, about 35% buy cheaper food, and of the same 10%, about 27% borrow food.

He continued, “The World Food Program is working during the current year to reach 849,000 people across Iraq , through monthly support for the most vulnerable people, building resilience and school feeding programs, in addition to government support, including digitization and reform of the public distribution system for rations. Food, as the work of the World Food Program is expanding in the south of the country, where poverty indicators are among the worst. The poverty rate in Iraq is about 31.7%.

He revealed, "The average price of the food basket has increased by 14% since the devaluation and is expected to remain at a new high level, which will directly affect the food security of the vulnerable population in Iraq , especially the displaced, returnees, refugees and other vulnerable Iraqis."

The representative of the program stated that “it is necessary to support imports of basic foodstuffs, to help reduce the impact of devaluation on the purchasing power of vulnerable Iraqis, and it will also be necessary to formulate policies to increase the contribution to GDP from sectors other than oil, and reduce economic dependence on Oil exports by boosting domestic food production.

Regarding the ration card items, he explained that "according to the recommendations of the National White Book for Iraq, the focus of the public distribution system on the most vulnerable people will be necessary to increase the efficiency and effectiveness of the system, and thus support the most needy families by providing the required foodstuffs monthly without interruption."

He pointed out that "data-based decision-making and policy planning are also important and it is necessary to monitor food security at the national level and early warning systems, link main data sets and determine when action is required, which will allow Iraq to respond proactively to food security needs."

The representative of the United Nations World Food Program in Iraq said, “Although the government has taken appropriate measures, humanitarian and development actors in the country also need to increase efforts to mitigate the impact of devaluation on vulnerable groups. Additional support from countries will also be needed. The donor at this time ”.

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MP: AL-KAZEMI AND ALLAWI ARE EXERTING POLITICAL PRESSURE ON THE MANAGEMENT OF THE CENTRAL BANK

The information / Baghdad … On Thursday, a member of the Parliamentary Economic and Investment Committee, Layal Al-Bayati, held two sides responsible for changing the exchange rate of the dollar, while the Minister of Finance, Ali Allawi, was accused of harassing Iraqi citizens with limited income.

Al-Bayati said in a statement to / the information /, that “Prime Minister Mustafa Al-Kazemi and Minister of Finance Ali Allawi are the ones who bear the consequences of the high exchange rate of the dollar against the Iraqi dinar,” indicating that “the prime minister and the Minister of Finance have exerted political pressure on the current Central Bank management by raising the dollar exchange. “.

She added, “The Ministry of Finance bears full responsibility before the House of Representatives,” stressing that “with the rise in crude oil prices and growing oil revenues, Minister of Finance Ali Allawi is still insisting on raising the price of the dollar and restricting Iraqi citizens, especially those with limited income, with completely rejected justifications.”

Earlier, the Parliamentary Economic and Investment Committee revealed the intervention of the US Embassy in Baghdad to change the exchange rate of the dollar, which sparked a wave of popular discontent and affected the poor classes.

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PARLIAMENT VOTES ON FIVE ARTICLES TO AMEND THE FEDERAL COURT ACT

MARCH 15, 2021 WALTER

BAGHDAD – Mawazine News

The House of Representatives VOTED ON TWO ARTICLES ON FIVE ARTICLES in the Federal Supreme Court Law.

The Parliament’s Media Department stated, in a statement that Mawazine News received, a copy of it, that “the House of Representatives voted on paragraph 1-2-3-4 of the Federal Court Law.”

She added, “He also voted for a new article of the First Amendment Law (Order No. 30 of 2005 AD) of the Federal Supreme Court Law.”

The House of Representatives held its session today headed by the First Deputy Speaker, Hassan Al-Kaabi.

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Articles End

by **Ponee** Wed Mar 17, 2021 9:19 pm

Mnt Goat News Brief - (Guru Portion Only) 3/16/21

Mnt Goat News Brief - (Guru Portion Only) 3/16/21

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