Soon.. Approval Of A Draft National Policy To Combat Begging, 15 JAN

 Soon.. Approval Of A Draft National Policy To Combat Begging

Iraq  01/14/2024   Baghdad: Rula Wathiq and Shaima Rashid  The Ministry of Labor and Social Affairs revealed that the draft national policy to combat begging will soon be approved, while the Parliamentary Work Committee indicated that the Social Security Retirement Law has entered into force.

Director of the Anti-Begging Department in the Ministry, Haitham Adel, told Al-Sabah: A committee was formed two years ago, headed by the National Security Advisory and the membership of representatives from some relevant ministries and institutions. It prepared a draft draft (the National Policy to Combat Begging in Iraq) and is now in the process of approving it and presenting it to the Prime Minister.

To decide. He pointed out that the plan distributed its tasks in terms of performance, leadership, follow-up, performance evaluation, and knowledge of areas of strength, weakness, and support, noting that the Ministry of Labor was tasked in 2015 with forming a department concerned with combating begging, with recommendations from the Citizens Affairs Department in the General Secretariat of the Council of Ministers, and formed committees in the governorates headed by the Deputy Governor. Membership includes representatives from various ministries and institutions.

Adel stated that during April of last year, the Prime Minister directed the Ministry of the Interior to chair a committee to combat begging and homelessness, with representatives from the National Security Service and the Ministry of Labor as members, whose mission is to find and assist people who need social welfare salaries and include them in it after writing a pledge not to practice begging in the future,

stressing that The mobile teams' mission is to approach the affairs of foreign workers in the Ministry of Interior, to inform them of the presence of beggars on the streets, to verify their identification papers and to force them to leave Iraq if they violate the laws.

For his part, member of the Parliamentary Work Committee, Jassem Al-Moussawi, explained to “Al-Sabah” that begging is an uncivilized phenomenon and must be reduced by trying to include these people in the social welfare salary and speeding up procedures against them.

Yes, there are anomalous cases, and some of them are well-off and capable, but some take begging as their profession. To live, and if this happens, the Ministry of Interior must take measures against them, and we stress their follow-up and limitation.

He stated that Parliament, as a legislator, must put an end to these matters and to many of the phenomena that exist in society that are not appropriate for Iraqi society or the government, stressing the need for there to be a law that holds these phenomena accountable because there are wealthy people who practice this profession, but the real cases must include a salary for care and a network. Protection and accelerating their inclusion.

"RV UPDATE" BY PIMPY, 15 JAN

 Pimpy 

 Article:  "Iraq and 4 Arab countries have more than 1 million tons of global gold reserves"  Why do they have so much gold?  Because you need that to strengthen your own local currency.  Gold is way more liquid than anything else.  If you want to make sure the currency stays strong you want to have tons of gold as well as foreign reserve assets in your holding.

Iraq's minimum exchange rate needs to be in order for them to be compliant with the IMF - Take the SDR $1.33 minus 2%...Iraq has to be at an exchange rate at a minimum in order to be in compliant with the IMF...$1.28...

Stop falling for that crap that there's no way Iraq can get all these major projects that they have listed in their budget unless they change the exchange rate.  That's false.  It's already accounted for.   The budget is already created with the proper amount of money set aside for these projects. It's just done in Iraqi dinars with the current exchange rate.  

Talking about deleting the three zeros and exchange rate see descriptions BY NADER FROM MID EAST

A Parliamentary Committee Reassures: The 2024 Budget Will Not Witness A Financial Deficit,14 JAN

 A Parliamentary Committee Reassures: The 2024 Budget Will Not Witness A Financial Deficit

Economy News – Baghdad    Today, Sunday, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, expected that there would be no financial deficit in Iraq’s fiscal budget for the year 2024, while he confirmed the existence of decisions that require new financial funding.

Al-Kadhimi said, during an interview followed by Al-Iqtisad News, that “the budget is ongoing and the Ministry of Finance can disburse the allocations of ministries and governorates for the year 2024 normally and without delay, whether operational or investment.”

He added, "The government is submitting amendments to the table of amounts, and these amendments are in the process of being completed and sent to the Finance Committee. They will be studied there, approved by Parliament, and are on their way to implementation."

The member of parliamentary finance explained, “Considering the budget as a tripartite, there are observations made by the government on the experience of last year’s fiscal year 2023, or that there are decisions made by the Council of Ministers that require new financial funding.”

He continues, "There was no financial deficit in the 2023 budget and there was a surplus, but the 2024 budget will not have a financial deficit, especially since oil prices are constantly increasing."

Last June, the House of Representatives approved the financial budget for the years 2023, 2024 and 2025, after a difficult struggle and a series of parliamentary sessions. This budget was considered the largest in the country’s history, with a value of about 153 billion dollars for each year.

Views 69 01/14/2024 - https://economy-news.net/content.php?id=39403

"RV UPDATE" BY PAULETTE, 14 JAN

 Paulette  

 Saleh told us early in last year that they must bring the parallel market rate to  the "Required Two Percent". This is part of the IMF requirement for full compliance with Article VIII.  Based on what he said recently, it appears the target is 1350 or less in spite of 2% being 1346.4. 

 I am only watching the Market Rate at this time.  It has decreased slightly since Wednesday and as of today is 1540 in Baghdad and 1530 in Kurdistan.   Saleh said 1350 (135,000 to $100) soon.  Hopefully soon is weeks and not months.  IMSO, if they would RD, show the RV as just over a USD, they would get the Market Rate within the Required 2% very quick so they can RI.  Perhaps that is the plan.

Iraqi dinar 🔥PM Al Sudani new commmitment and final price update

A thousand dinars angers the owners of the payroll outlets in Amara.. Pictures from the protest against Al-Rafidain, 14 JAN

 A thousand dinars angers the owners of the payroll outlets in Amara.. Pictures from the protest against Al-Rafidain

"Retirees can't bear it anymore"

 Maysan 

On Sunday, the owners of outlets for disbursing the salaries of retirees and employees in Maysan organized a protest against a new commission of one thousand dinars imposed by the Rafidain Bank, on withdrawing nationalized salaries, in addition to the previous 3 thousand dinars deducted in exchange for the service of withdrawing one million dinars from the salary.

the details

Rafidain Bank imposed a commission of one thousand dinars on every million withdrawn from salary delivery outlets, in addition to 3 thousand dinars imposed previously, which angered the outlet owners who organized a protest in front of the bank’s branch in Amara.

Haider Abd Falhi - Demonstration Coordinator:

There are 3 things that Rafidain Bank must change, the most prominent of which is adding a thousand dinars commission, which will be a new burden on employees and retirees, and this is what we reject.

In addition, the bank deducts an amount of 3,000 dinars for every withdrawal from the outlets, and this causes us huge losses.

There are matters that the Rafidain Bank has not resolved, most notably the recovery of damaged currency from salaries, and the compensation of outlet owners for the recurring shortage in the amounts received from the bank, and this is what the Rafidain Bank has not yet acknowledged.

Sabah Salem - outlet owner:

The outlet owners deposited deposits in the Rafidain Bank several years ago at a rate of 5 million dinars, which have not been returned yet.

There is rough treatment with outlet owners within the bank, and it would have been better for us to be dealt with in a better way than that, because we conduct large and continuous financial transactions with the bank.

Bassem Muhammad - Director of Al-Rafidain Bank in Al-Amarah:

We cannot change the procedures issued by the public administration in Baghdad, and responding to these protests is within its jurisdiction only.  link