dinareffic

OFFICIAL GAZETTE Issue No. (4512) of the Iraqi fact sheet in 2018/10/15 2018-10-16 01:29:00 1. Presidential decree No. (71) for the year 2018 ( appointment of Dr. Barham Ahmed Saleh as President of the Republic of Iraq). 2. Presidential decree No. (72) for the year 2018 ( referring to Dr. Mohamed Fuad Masoum Khader, former President of the Republic of Iraq to retirement). 3. Republican Decree No. (73) for the year 2018 ( referral of Mr. Nuri Kamal al - Maliki , Vice President of theRepublic to retirement). 4. Republican Decree No. (74) for the year 2018 ( refer Mr. Osama Abdul Aziz Najafi , Vice President of theRepublic to retirement). 5 - Presidential Decree No. (75) for the year 2018 ( transfer of Dr. Ayad Hashim Allawi, Vice President of the Republic to retire). Those wishing to acquire the Iraqi facts can review the Iraqi Fact Department located in Salihiya / Haifa Street (Ministry of Justice Building) to register for the newspaper and obtain the required number. https://www.moj.gov.iq/view.3982/https://www.moj.gov.iq/view.3982/https://www.moj.gov.iq

Source: the blocks will reach today for an agreement on the candidates and the announcement of the lineup announced Saturday A political source revealed early on Wednesday that the political blocs will reach an agreement today on the list of final names of candidates, while likely to announce the formation of the cabinet on Saturday. Al-Sharq al-Awsat newspaper quoted the source as saying that "some political blocs submitted the names of their candidates to the Prime Minister-designate, but there are ongoing consultations on ministries and sites, whether sovereign and service," expected to "reach the blocks by Wednesday to an agreement on the list of final names of candidates, To be submitted to the Prime Minister, who is expected to announce the squad on Saturday. " The source, who asked not to be named, said that "there is the possibility of the survival of a number of ministerial sites are vacant pending resolution, before the next parliament session, which was raised to another notice," pointing out that "the meeting will be held with the completion of the government." The source said that "the negotiations between the blocks is difficult this time for various reasons, most notably the issue of the electronic window announced by Abdul Mahdi to choose ministers over the Internet, where planted this story seeds of doubt within many of the political blocs, as well as the announcement of certain blocks granted the Prime Minister the power to choose ministers Outside the quotas, which is not quite clear, in addition to pressure on the Sunnis and Kurds to accept the move to form a government regardless of their demands or benefits. The leader of the current Wisdom, MP Jassim al-Bekhati, said on Monday that 50% of the cabinet cabin will be passed after the visit of Imam Hussein, peace be upon him, and the postponement of the rest of the ministries until the dispute is resolved by a maximum of three months. https://www.alsumaria.tv/news/250204/%D9%85%D8%B5%D8%AF%D8%B1-%D8%A7%D9%84%D9%83%D8%AA%D9%84-%D8%B3%D8%AA%D8%AA%D9%88%D8%B5%D9%84-%D8%A7%D9%84%D9%8A%D9%88%D9%85-%D9%84%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%A8%D8%B4%D8%A3%D9%86-%D8%A7%D9%84%D9%85%D8%B1%D8%B4%D8%AD%D9%8A%D9%86-%D9%88%D8%AA%D8%B1%D8%AC%D9%8A/ar

Parliament inserts a special paragraph of the Central Bank in today's session 12:53 - 09/10/2018 Baghdad - Mawazine News A parliamentary source said Tuesday that the House of Representatives inserted a special paragraph of the Central Bank in its session today. The source told Mawazine News, "The House of Representatives added discussion of the central bank's procedures on the currency on the agenda of today's session." The House of Representatives held its meeting today, headed by First Deputy Hassan al-Kaabi and the presence of 225 deputies to choose the permanent parliamentary committees and the performance of the constitutional oath of absent MP Mohammed Shukr, and vote on the interim parliamentary committee to amend the rules of procedure, in addition to forming a committee of representatives of parliamentary blocs to choose permanent committees in Parliament, On the nomination of two rapporteurs of the Council https://www.mawazin.net/Details.aspx?Jimare=14386

Advisor Abadi commented on the opening of Hamorabi Bank The financial adviser to the Prime Minister confirmed the appearance of Mohammed Saleh, that the opening of the "Hamorabi Bank Aljsri" represents a remarkable success is the first of its kind recorded by the Monetary Authority in rescuing troubled banks and restore life to financial activities and transition from the stage of guardianship to the stage of the bank bridge, rather than forced liquidation. Mohammed Saleh said in a statement that "the opening of the bank the first financial model in Iraq, which resulted from the strict application of the Law of Iraqi banks No. 94 of 2004 in dealing with the phenomenon of banking failure without resorting to liquidation is a distinct success of the Iraqi banking sector, And the adoption of the rules of risk management in all its forms, especially in the field of credit management, liquidity and capital adequacy. " "The central bank seeks to implement good governance standards and regulatory regulations based on the principle of separation of management from property rights to avoid conflict of interest banking and to participate in risk between management and owners of property rights through meetings of the General Authority of Banks." The governor of the Central Bank of Iraq Ali Alalak inaugurated on Wednesday a bridge bridge Hamorabi bridge, in the first step of its kind to protect the banking system, and return to work and provide products that support the national economy. http://www.aljournal.com/%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D8%A7%D9%84%D8%B9%D8%A8%D8%A7%D8%AF%D9%8A-%D9%8A%D8%B9%D9%84%D9%82-%D8%B9%D9%84%D9%89-%D8%A7%D9%81%D8%AA%D8%AA%D8%A7%D8%AD-%D9%85%D8%B5%D8%B1%D9%81-%D8%AD%D9%85/

Can't wait to see what Adam thinks of today's events tomorrow

Central Bank: 70 banks in Iraq and a plan to integrate them Editorial date: 2018/9/18 8:32 • 373 times read {Baghdad: Al Furat News} The Central Bank of Iraq, the number of private banks operating in Iraq. "When I assumed responsibility, I found that the number of private banks, transfer and exchange companies exceeded the need of the market. We did not grant any new license to open a commercial bank or a banking license. We also canceled the transfer companies, Intention to restructure the banking companies, which leads to greater control over them and there is a plan to merge some banks. " "But we have given us licenses to open a number of Islamic banks based on the facilities provided by its law, as the Council of Representatives put forward a paragraph that helps to establish it, reducing the required capital at the time of incorporation." "There are currently 70 working banks in the country, 20 of which are branches of foreign banks, but most of them are newly formed, so it did not reach the level of ambition, and these banks worked under exceptional circumstances experienced by the country." "As you know, the main task of banks is to provide credit through the granting of loans and other services, in return, take the funds of depositors and give them a percentage of interest, but Iraqi banks in general have a great difficulty in doing this Activity. When a loan is granted, the borrower often does not meet its repayment despite the high collateral given by the banks and the high interest rate, as borrowers may be up to 20 percent. " "The problem is that the bank, when it starts its actions against the borrower, such as the seizure of the property, for example, faces a significant delay in legal proceedings by other parties, in addition to threats of tribal or partisan, and this makes banks afraid to grant loans." http://alforatnews.com/modules/news/article.php?storytopic=37&storyid=174865

Mahmoud Dagher: Central is counting on small and medium enterprises and praises the Association and the banks for their implementation The Director General of the Department of Financial Operations and Debt Management at the Central Bank, Dr. Mahmoud Dagher, stressed on Tuesday the keenness of the Central Bank to activate and activate the Trillion DTM initiative to support small and medium enterprises to serve the development goals. During his speech, Dagher hailed a meeting held in Erbil with the leading private banks that have been able to implement this ambitious program aimed at achieving developmental construction and creating job opportunities for youth, praising the role of the station in this field. In his speech, he also focused on the achievements of the Central Bank, which contributed to the achievement of monetary stability in the country, confirming the determination of the Central Bank to support private banks. The meeting was held to support the banking institutions in Kurdistan and discuss ways to activate small and medium enterprises, the President of the Association of Iraqi private banks Wadih al-Hanal and a number of senior officials in the Kurdistan region. http://economy-news.net/content.php?id=13712

If this happened it would be difficult to not just sell and be done with Iraq. Only thing keeping me in is that the CBI seems to be pressing forward despite all this madness

This is what happens when you don't take care of Maliki when you had a chance. UGh

Urgent Abadi announces abandonment to run for second term Release date: 2018/9/13 19:53 • 3 times read[ http://alforatnews.com/modules/news/article.php?storytopic=36&storyid=174440

Indicators of economic resilience and stability in the monetary system 13/9/2018 12:00 am The central banks in the countries of the world are mainly aimed at achieving monetary and financial stability through their programs and strategy aimed at maintaining stability in the exchange of their local currencies against other foreign currencies and building sufficient foreign reserves in accordance with international special standards issued by the International Monetary Fund. Other criteria related to confronting crises, challenges and economic and political shocks in their countries, controlling stable rates of inflation and interest rates, applying compliance regulations and rules, combating money laundering and financing terrorism. The Iraqi Central Bank's march over the last four years proved that it is proceeding steadily to achieve the stated goals. This proves that Iraq has gone out of the monitoring and follow-up area to the regular follow-up area every two years, like other banks in the world according to FATF. The Central Bank is also honored to be the best Arab portfolio for 2018 and to occupy a leading position in the world according to the 2018 Global Finance Report. This is expected to be reflected in the efforts of the Central Bank and the Association of Banks and Banks to restore international banking relations with correspondent banks . And because of the international political changes, most notably US sanctions imposed on Iran and Turkey; to be accurate and non-critical economic analysis of the reality of monetary stability in Iraq and the effects of the new shock (sanctions) expected on the exchange rate of the Iraqi dinar, which has been stable since 1/1/2018 and is still strong and stable Despite international and domestic political shocks. In order to ensure that the expectations are not taken in an extreme manner and create a state of fear among the public and the banking sector, and through an economic and analytical analysis of the state of stability in the exchange rate and from a neutral and transparent point of view, we note that the high independence of the Central Bank on the one hand and the availability of foreign reserves on average, The monetary bloc in circulation on the other hand and to cover the imports according to the standards of the International Monetary Fund, as foreign reserves are fully insured and Iraq occupies the fourth place in the Arab and is currently about $ 58 billion and grows day after day. In addition to the strength and recovery of the Iraqi dinar during the past seven months and deal with the wisdom and responsibility and independence by the Central Bank will prevent the impact of international conditions and sanctions on neighboring countries. On the reality of monetary stability, which began to be achieved during the first half of this year with the emphasis that the Central Bank does not have a deficit in the budget, but vice versa is currently achieving a surplus in the budget because of high oil prices. All this represents the real guarantees to protect the exchange rate and to face this new shock will be overcome and exceeded the economic and security shocks suffered by the Iraqi economy in previous years http://www.alsabaah.iq/ArticleShow.aspx?ID=163036

Secretary: Dealing with electronic card helps reduce the damage of cash The economic expert, Al-Amin safe haven, a move by the Central Bank to put quantities of local currency that meet the needs of the market and citizen, calling for the need to encourage the use of the card (Key Card) to reduce the damage of cash. The secretary said in a statement quoted by the newspaper "time" and viewed by "economy News", "The local currency has passed on the issuance of more than a decade, causing damage to large quantities of them as a result of trading among citizens over the past years and this is contrary to what is in other countries, Damaged every five years. " He pointed out that "the bank's positive step to meet the need of the market and the citizen, despite the delay because the small local currencies have become scarce and most of them damaged," and the Secretary said that "strengthening the currency and the Iraqi dinar at the present time, where some countries are experiencing economic deterioration leads to the recovery of Iraq's economy and the bank need attention For this sensitive issue. " "Unfortunately, Iraq is still lagging behind in the use of electronic financial cards in transactions such as the card and others, which contain the bank account of the person and through which to shop from any party, so those concerned encourage the use of these cards to keep the currency from damage." The bank plans to launch large amounts of local currency in small groups next month. http://economy-news.net/content.php?id=13642

The reason this is great news is because unlike the worthless Govt. CBI usually does what they say they are going to do within the time frame they say they are going to do it. Thanks Yota. Article of the year for sure.

So I'm I remember right. Next month would actually mean this month?

Sadr's policy demands that Abbadi and ministers immediately attend the parliament: Otherwise leave their posts immediately and have been excused from warning[/size] Twilight News 2 hours ago The leader of the Sadrist movement Moqtada al-Sadr on Thursday called on current Prime Minister Haider al-Abadi, a number of service ministers, and the governor of Basra and its chairman to attend the parliament in the maximum period next Sunday, warning that it would have a "shaky" response if not. Sadr said in a televised speech today on the events taking place in Basra, that "the province suffers from the time of the former regime and now of poor services, there is no water and no electricity," saying that "we see the disregard by some politicians for the situation of Basra, while preoccupied with the largest bloc, We do not want a government like its predecessors, which was characterized by corruption. " Al-Sadr said: "Therefore, I am from the religious, humanitarian and national duty. I put forward some points regarding Basra, as follows: Call the new parliament to convene immediately and in a public and extraordinary session that will be publicly broadcast on official channels to inform the people about the course of events by the end of next Sunday. From the Prime Minister and the Minister of Interior and Health and Minister of Water Resources and the Minister of Housing and Construction and Municipalities and the Minister of Electricity and the Governor of Basra and his deputies and the President of the Council of the province to develop radical solutions and immediate and future and future Basra, but all to leave their posts immediately and if and Their mandate is over. " In a second point, Sadr called for the withdrawal of militias, parties and the popular crowd from Basra, saying that "he will have a firm stance that does not occur to anyone, shaking the thrones of the oppressors and corrupt people who have brought the country to the abyss." Sadr also called for cooperation with neighboring countries through official delegations to secure water quotas for Iraq. http://www.shafaaq.com/ar/Ar_NewsReader/7038703c-cad6-4151-af94-28a6fa1dc32a