Wednesday, January 22, 2025
Parliament Speaker: Today's votes restore rights and boost civil peace, 22 JAN
Parliament Speaker: Today's votes restore rights and boost civil peace
Shafaq News/ Iraqi Parliament Speaker, Mohamoud Al-Mashhadani, assured, on Tuesday, that the General Amnesty Law was enacted "in cooperation with all political blocs and components." Meanwhile, Deputy Speaker Shakhwan Abdullah noted that the approval of the Property Restitution Law would contribute to strengthening civil peace and restoring rights to their rightful owners.
In a press conference, Al-Mashhadani stated that "the Parliament voted today on important laws, including the General Amnesty Law, aimed at the community suffering from injustice, in cooperation with Shiite MPs."
He added that "the enactment of the Amnesty Law was done with the cooperation of all political blocs and components, and the law will provide justice to the wronged and ensure their rights."
Meanwhile, during a separate press conference attended by leaders of Kurdish blocs and several political leaders and MPs, Deputy Speaker Shakhwan Abdullah congratulated the passing of the Property Restitution Law, which covers properties affected by some decisions of the Revolutionary Command Council.
The Iraqi Parliament witnessed chaos during today's session as several lawmakers objected to the voting mechanism for three "controversial" bills, leading to the legal quorum being broken.
Some MPs ascended onto the parliamentary podium, while MP Noor Nafi posted that the laws were passed "without a vote."
The laws voted on include amendments to the Personal Status Law, the Property Restitution Law, and the second amendment to the General Amnesty Law.
IRAQ STATUS Highlights, 22 JAN
IRAQ STATUS Highlights
📉 : Discussions around changing the exchange rate and the possibility of a currency basket indicate a significant shift in Iraq’s economic strategy. The anticipation of a revaluation suggests that the CBI is preparing for a more competitive monetary stance, which could positively impact the Dinar’s value against major currencies like the US dollar and Euro.
🏦 Gold Reserves as Economic Strength: The dramatic increase in Iraq’s gold reserves strengthens the country’s economic position and provides a buffer against currency fluctuations. With gold being a traditional safe-haven asset, this increase signals potential financial stability and can enhance investor confidence in the Iraqi economy.
⚖️ Comparative Economic Analysis: The comparison between Iraq’s oil reserves and those of Kuwait, alongside the mention of non-oil revenues, underscores Iraq’s potential for economic growth. It highlights that despite political and economic challenges, Iraq possesses the natural resources and capabilities to develop a robust and competitive currency.
🔔 Market Speculation and Future Trends: The mention of “crazy rates” and the excitement about upcoming changes in the currency market reflects a climate of speculation among investors and currency traders. This environment can lead to volatility, but it also points to the possibility of significant opportunities for those engaged in currency exchange or investment in Iraqi assets.
📉 : Discussions around changing the exchange rate and the possibility of a currency basket indicate a significant shift in Iraq’s economic strategy. The anticipation of a revaluation suggests that the CBI is preparing for a more competitive monetary stance, which could positively impact the Dinar’s value against major currencies like the US dollar and Euro.
🏦 Gold Reserves as Economic Strength: The dramatic increase in Iraq’s gold reserves strengthens the country’s economic position and provides a buffer against currency fluctuations. With gold being a traditional safe-haven asset, this increase signals potential financial stability and can enhance investor confidence in the Iraqi economy.
⚖️ Comparative Economic Analysis: The comparison between Iraq’s oil reserves and those of Kuwait, alongside the mention of non-oil revenues, underscores Iraq’s potential for economic growth. It highlights that despite political and economic challenges, Iraq possesses the natural resources and capabilities to develop a robust and competitive currency.
🔔 Market Speculation and Future Trends: The mention of “crazy rates” and the excitement about upcoming changes in the currency market reflects a climate of speculation among investors and currency traders. This environment can lead to volatility, but it also points to the possibility of significant opportunities for those engaged in currency exchange or investment in Iraqi assets.
Latest Amnesty Law amendment: Parliament Speaker didn’t read it, 22 JAN
Latest Amnesty Law amendment: Parliament Speaker didn’t read it
Shafaq News/ Shafaq News Agency publishes a copy of the latest amendment to the General Amnesty Law, which was voted on by the Iraqi Parliament on Tuesday, while Some MPs have claimed that Parliament Speaker Mahmoud Al-Mashhadani did not read the law during the session and that they were not informed about its details.
According to the documents, five articles were amended, addressing crimes related to drugs and redefining "terrorist" crimes.
A parliamentary source told our agency that during the session, when the law was up for a vote, Speaker Al-Mashhadani only read the rationale behind the law and then announced its passage, along with the laws on Property Restitution and the Personal Status Law, in a single package.
Following the session, many MPs collected signatures to impeach Al-Mashhadani due to their objections to the voting process.
Some MPs revealed that the vote took place without members raising their hands.
MP from Ishraqat Kanoun (The Rise of January) Zohair al-Fatlawi, described what happened as "an assault on democracy, the constitution, and the internal regulations," adding that "there has been significant parliamentary movement, and signatures were gathered to dismiss the Speaker."
He further explained to Shafaq News that "voting on three laws in a single package is a constitutional violation," noting that only the rationale for the three laws was read, without their specific articles being recited.
Al-Fatlawi emphasized that MPs have the right to vote on each law separately and should not be forced by the Speaker to vote on all laws together.
TIDBITS FROM MAJEED, 22 JAN
MAJEED
FSC don’t have any meeting today
But their meeting tomorrow as their first day back to work
Rules of the Committee
The following changes were made to the
Rules of the Committee:
Redesignates the Subcommittee on Digital Assets, Financial Technology and Inclusion as the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence;
Resolution Establishing a Committee Task Force:
The Committee will consider a resolution establishing the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity of the Committee on Financial Services for six months effective beginning on January 22, 2025.
Which follows also which was promised on January 9 by FSC to bring crypto clarity into the market.
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Finance committee announced on January 9 that on day one they will issue crypto regulation Here right now on the news, they said Trump has more than 200 executive order to be signed today and it will take affect immediately.
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A source from the administration of President-elect Donald Trump: Our relationship with the Iraqis is good, but they must put their interests above any other interest, and they realize the importance of that.
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