Al-Bayati Rules Out Passing The Oil And Gas Law In A Way That Meets The Ambition Of The Region, 21 AUGUST

 Al-Bayati Rules Out Passing The Oil And Gas Law In A Way That Meets The Ambition Of The Region

Today 12:17   Information / Baghdad..   Former MP Jassim Al-Bayati ruled out passing the oil and gas law in a way that meets the ambition of the Kurds in the region, indicating that the Kurdish forces are still negotiating and procrastinating to delay passing the law.

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Al-Bayati told Al-Maalouma, "The negotiations on the oil and gas law will not reach any good stages, as the opportunity that the Kurds got in 2008 when this law was sent will not be repeated at the present time."

He added, "The Kurds rejected the law in the aforementioned year, despite a vote on it within the Council of Ministers, and preparations for its passage in Parliament, and therefore it is impossible for the law to return again to be in the interest of the Kurds."

And he indicated that "the Kurds are calling today for the oil and gas law, but the demand is conditional that the aforementioned law be in their interest, far from consensus or passing by a numerical majority within the House of Representatives, and it is better for them to return to the old law, otherwise the results will be bad for them."    LINK

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An Economist Who Pledges To Control The Exchange Rate Of The Dollar By Taking Practical Technical Measures

Today 08:45  Information / Baghdad...  Economic affairs researcher Muhammad al-Saadi pledged, on Monday, to controlling and controlling the exchange rate of the dollar in the parallel market by taking practical technical measures without resorting to methods of arrests or the use of force.

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Al-Saadi told Al-Maalouma, "The responsible authorities are working to pursue speculators by applying the law against those who want to harm the Iraqi economy, as well as being a first step to ensuring that the differences between the official and parallel market are eliminated."

He added, "The need has become urgent to take decisions related to technical and financial aspects, which would expand the outlets for selling the currency and allow citizens to buy in limited quantities by setting restrictions or preconditions."

And he indicated that "the problem of exchange and high prices is often suffered by the citizen before the merchant, as the merchants began to go to the official platform to obtain the dollar, while the citizen is still suffering in obtaining the dollar, especially since some citizens go to car showrooms and face difficulty in buying in the currency of the dollar." .

He pointed out that "the government can open a window to sell the dollar to anyone who wants to get a car, provided that he comes with an official purchase contract to hand it over to outlets or approved banks to sell the dollar as a document in exchange for obtaining hard currency." LINK

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An Economic Institution: The Government Should Stop Following The Dollar In The Parallel Market

08/21/2023  Earth News / The head of the Future Iraq Foundation for Economic Studies, Manar Al-Obeidi, called today, Monday, on the government to stop following the dollar prices in the parallel market.  Al-Obeidi told Earth News Agency, "The state must control the prices of inflation rates and various materials and commodities, not the exchange rate of the dollar in the parallel market.

And he added, “The Iraqi citizen, in the end, what matters to him is the rise or fall that occurs in various commodities, specifically basic ones, such as foodstuffs and fuel, in addition to consumer and luxury goods and materials.

And he indicated that “despite the high exchange rates of the dollar against the dinar, the prices of goods and materials and inflation rates did not change much, according to a report issued by the Ministry of Planning, as inflation rates decreased in the previous months, which indicates a decline in prices or their lack of a significant increase.”  https://earthiq.news/archives/270495#hathalyoum