Parliamentary Finance Expects A Decline In Dollar Prices In Iraq, 12 DEC

 Parliamentary Finance Expects A Decline In Dollar Prices In Iraq

Economy | 12/12/2023  Baghdad - Mawazine News  The Parliamentary Finance Committee revealed that the government has spent only 20% of the current year’s budget, and expected to release the rest of the budget on December 20, indicating that the government’s move towards currencies other than the dollar will reduce the pressure on demand for it and thus reduce its prices.

Committee member Jamal Cougar said that the government has spent only 20% of the current year’s budget, and it is assumed that after December 20, a good portion of the budget will be spent for a period of five days until the accounts are closed, noting that with the beginning of the new year, the year’s budget schedules are sent. Next.

He pointed out that the government's move towards currencies other than the dollar will facilitate the issue of trade, on the one hand, and push traders to deal with the platform more and reduce pressure on the dollar instead of focusing on it, stressing that it will contribute to stabilizing its official price.

https://www.mawazin.net/Details.aspx?jimare=239198

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"RV UPDATE" BY MARKZ, 12 DEC

MarkZ 

 There is nothing negative. Some folks are still thinking it will happen mid-month while others think it will be the first of January. Either way –there is nothing negative right now. In fact everything is very positive. 

Bank story...sent to me…:  A couple of weeks ago I had a team meeting with a VP of a bank. This is a smaller bank. T hey wanted to know which bonds and currencies I had. They needed to know what I had – in order to set up my appointment and see if they could handle my (exchange) apt. there or if they needed to send them to a larger bank. (Like Wells Fargo) or a military base.   So this was a “sit-down” with a high level person at a small bank.

 Banking people are telling us we are in the window between now and the first of the year.

Parliamentary Finance: Spending only 20% of the current year’s budget, 12 DEC

 Parliamentary Finance: Spending only 20% of the current year’s budget

12/12/2023

Baghdad: Shaima Rasheed

The Parliamentary Finance Committee revealed that the government has spent only 20% of the current year’s budget, and expected to release the rest of the budget on December 20, indicating that the government’s move towards currencies other than the dollar will reduce the pressure on demand for it and thus reduce its prices.

Committee member, Jamal Kujar, said in an interview with “Al-Sabah”: The government has spent only 20% of the current year’s budget, and it is assumed that after December 20, a good portion of the budget will be spent for a period of five days until the accounts are closed, noting that with the beginning of New Year Next year's budget schedules are sent.

He pointed out that the government's move towards currencies other than the dollar will facilitate the issue of trade, on the one hand, and push traders to deal with the platform more and reduce pressure on the dollar instead of focusing on it, stressing that it will contribute to stabilizing its official price.   LINK

Baghdad to impose new measures to protect diplomatic missions, 12 DEC

 Baghdad to impose new measures to protect diplomatic missions, 12 DEC

Baghdad (IraqiNews.com) – The media advisor to the Prime Minister, Hisham Al-Rikabi, announced on Saturday the Iraqi government’s intention to take new security measures to protect diplomatic missions and the international coalition in Iraq.

Al-Rikabi’s statement comes one day after a missile bombardment targeted the US Embassy inside the Green Zone in central Baghdad.

The Iraqi official told Sputnik that the Iraqi government is committed to protecting diplomatic missions and the headquarters of the international coalition in the country, adding that there are measures that will be taken in this regard.

Al-Rikabi also elaborated that the Iraqi security agencies will continue to pursue anyone who tries to target the diplomatic missions and the international coalition.

Around seven mortar rounds landed in the US Embassy compound in Baghdad during an attack early on Friday, a US military official told Reuters.

Experts said that the attack is the largest of its kind against a US facility in Iraq.

A US defense official also mentioned that at least three missile and drone attacks targeted US forces in different sites in Syria, and two attacks against US personnel stationed in western Iraq took place on Friday.

Iraqi armed groups supported by Tehran have claimed responsibility for more than 70 similar attacks on American forces since October 17 in response to Washington’s support for Israel in its war in Gaza.

The attacks stopped during a recent ceasefire between Israel and Hamas but resumed after the end of the truce.

https://www.iraqinews.com/iraq/baghdad-to-impose-new-measures-to-protect-diplomatic-missions/

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Iraqi PM affirms Iraq’s commitment to protecting diplomatic missions, 12 DEC

Iraqi PM affirms Iraq’s commitment to protecting diplomatic missions

Baghdad (IraqiNews.com) – The Iraqi Prime Minister, Mohammed Shia Al-Sudani, confirmed on Monday Iraq’s commitment to protecting military advisors and diplomatic missions working in Iraq in accordance with international laws and agreements.

Al-Sudani’s remarks took place during a phone call with the Secretary of State for Foreign, Commonwealth, and Development Affairs, David Cameron, according to a statement cited by the Iraqi News Agency (INA).

The discussion between the two sides addressed ways to strengthen relations between both countries as well as the political and security situation in the region and the latest developments in the Palestinian issue.

Al-Sudani emphasized that the Iraqi government is serious about prosecuting perpetrators of attacks against diplomatic missions and international coalition forces.

The Iraqi Prime Minister said that the ongoing Israeli aggression in Gaza will destabilize security in the region and the world, especially with the killing of innocent civilians in Gaza, which is a clear violation of international and humanitarian laws.

Al-Sudani’s statement comes two days after a missile bombardment targeted the US Embassy inside the Green Zone in central Baghdad.

Al-Sudani also indicated that the permanent members of the UN Security Council should have supported the call for a ceasefire presented by the UN Secretary-General, Antonio Guterres, to the UN Security Council.

Guterres activated Article 99 of the UN Charter, which says that the secretary general may bring to the attention of the Security Council any matter that, in his opinion, may threaten the maintenance of international peace and security.

The 15-member UN Security Council has repeatedly failed to adopt a resolution requesting a quick cease-fire; thus, the article—which has not been invoked in decades—has been activated.

Over 16,000 Palestinians have lost their lives as a result of Israeli bombardment since the conflict began on October 7 following a 1,200-person Hamas surprise strike on Israel.

https://www.iraqinews.com/iraq/iraqi-pm-affirms-iraqs-commitment-to-protecting-diplomatic-missions/