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DWS112

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  1. DWS112

    Announcement of the largest bloc

    The announcement of the formation of the Iraqi government within 72 hours 2018/10/16 16:30 BAGHDAD / The obelisk: An Iraqi political source, Tuesday, October 16, 2018, that the formation of the new Iraqi government will be announced within the next 72 hours, according to Russia today - RT . The source said that "the new government formation in which a few former ministers, and the largest proportion of the faces that were not within the cabinet, the former." He added that "the charge to form a government, Adel Abdul Mahdi, will be announced before the end of this week," noting that "there may be a government lobbying includes some ministries by merging them together." For its part, revealed a member of the House of Representatives Siham al-Aqili, on Tuesday, the parliament's intention to hold a special session next Sunday, during which the Prime Minister-designate Adel Abdul-Mahdi half of the ministry to vote on it and give them confidence to ensure that the constitutional durations . Al-Oqaili said in a press statement that "confirmed news received about the completion of Prime Minister-designate Adel Abdul-Mahdi half of his cabinet and intends to submit to parliament before the end of the constitutional period to complete the rest of the ministerial portfolios in the coming days." She added that "the names will be submitted to a special session on Sunday to give them confidence by the House of Representatives," noting that "the names that will be provided will receive confidence without embarrassment as a large support to him by the conquest and others."
  2. I found an old article from 2012 that includes the statement: "Such a procedure starts at the beginning of the new fiscal year, not in the middle of it."
  3. This is how the FBI operates. Look at the Mueller and the Russia probe.
  4. Maybe hurricane Michael took these out!
  5. Bing translation of article title: Financial expert: Delete zeros from currency right action.. But not at the moment. (maybe scheduled for the first of the year, like they tried for in 2017)
  6. Could this be a reference to the 100k note? Just maybe?
  7. Why Iraq offers small categories of currency in the markets? 8/10/2018 Central Iraqi considered that the need to print small groups of the Iraqi currency (the island) Marwan Jubouri - Baghdad In a surprise move, the Central Bank of Iraq announced the printing of large quantities of small groups of the Iraqi currency and the beginning of distribution, after improving the type of material used, and make a simple change in the form of these categories. "These small groups are the ones that were printed in 2004 and include 250, 500 and 1,000 dinars," said Ihsan al-Yasiri, director of accountancy at the central bank. "Today there is a dire need to pump more into the Iraqi market. He added to the island Net that Iraq received two days ago the first shipment of the category of thousand dinars and distributed to banks and financial institutions in order to put them in the market, and will receive this month shipments of 250 and 500 dinars. The Central Bank of Iraq changed the image of the Islamic dinar to the category of a thousand dinars and made it a picture of the marshes that were included in the list of world heritage. The move also raised the governor of the Central Bank Ali Al-Alaq to put his name on the currency in addition to signing a kind of controversy in the Iraqi street, and some demanded the House of Representatives to remove this addendum. However, Yasiri considered the move normal, considering that many of the central banks in the world put the name of the governor next to the signature, and only at other times sign, citing it as "a fingerprint chronicling the Iraqi currency." The category of 1000 dinars and the category of 250 dinars, which the Central Bank of Iraq to put quantities of them in the market (Al Jazeera) Lower inflation The Central Bank of Iraq announced earlier on the development of a project to restructure the local currency and delete three zeros of it, and announced in 2012 the completion of the design of the new currency, but the House of Representatives asked him to lengthen its time, which led to the suspension of the project. "The central bank is the highest monetary authority in the country, which sets monetary policy and supervises the banking sector, who feels the need for such steps," says economist Al-Bayati . According to Bayati, the Iraqi market needs such a step, because there is loss of small groups and the destruction of many of them, which can enhance the market situation and provide the currency required, to facilitate the daily dealings. In addition, the increase in the supply of money lead to lower inflation rates, and give the impression that the monetary situation in the country is good, and the monetary authority to support the economy and improve its reputation globally, he said. Although the exchange rate of the US dollar is currently 1200 Iraqi dinars, the inflation rates are low and the economy is "quite solid". Al-Bayati pointed out that this is often subject to the need of the market and social acceptance as well. These coins were traded in Iraq until the early 1990s disappeared due to the economic siege and the accompanying inflation. However, the return to it Today looks "very difficult". Many Iraqi banks refuse to receive small groups of currency from the public on the grounds that it may be torn or obsessed with writing(European) Financial corruption According to Professor of Economics at the University of Iraq Abdul Rahman Mashhadani that one of the factors of corruption suffered by Iraq in recent years is the disappearance of small currencies of the markets, as these groups have not been replaced since the printing in 2004, except for small quantities put on the market in 2013 but not Satisfy the need. These small groups in markets are often torn or discarded, which most banks refuse to receive. While these banks themselves often receive the salaries of employees in these categories, forcing them to change them in the banking offices in currencies that are negotiable with a difference in price, leading to a loss of part of their value. According to Mashhadani, the Iraqi currency is affected by fluctuations in the exchange rate of the dollar, which made the smuggling of the dollar to Iran and Turkey in recent times affect the Iraqi currency, because the weakness of the dollar in the market lead to higher exchange rate. The Iraqi Central Bank is trying to remedy this by injecting between 150 and 165 million dollars a day, and has recently reached 190 million dollars, about 50% of which fled to Iran, he said. Mashhadani confirms that without these treatments to link the exchange rate of the Iraqi dollar to 1,300 dinars instead of the current price 1200. Source: Al Jazeera
  8. Maybe it can grow to 6.5% because of the investment money that will be pouring in from other countries for the reconstruction effort.
  9. The Central Bank of Iraq issued an explanation on the new edition of the currency Date Added 10/08/2018 Economy News Baghdad: The Central Bank of Iraq, issued an explanation on the existence of the name of the Governor of the Central Bank of Iraq Ali Alalak in the new edition of the currency. The Central Bank of Iraq said in a press statement received by the "Economy News" that "one of the basic functions of the work of the Central Bank of Iraq and provided for in Article IV of Law No. 56 of 2004 amending the" Issuance of the Iraqi currency and management as stated in Articles 32 and 33 of the same law where " The Central Bank of Iraq alone without the right to issue currency currency paper and metal for the purpose of circulation in Iraq . " "Under the regulations, the CBI has the right to determine the categories of paper and metal currencies, their measures, their forms, their material, their content, their weight, their design and other features . " He pointed out that "the banknotes in various countries contain the signature of the Issuing Authority, which is the Governor of the Central Bank. Central banks have always put signatures of their governors on these securities in different forms." Among them are the signature of the Governor, In the handwriting of the governor in the form of the name combination with a signature with special significance to the banknotes. Many central banks use this combination (name of the governor by hand) without signing to document the stage of issuance of the banknote. He continued, "Of these examples Iraqi currency issued in 1932 as signed by the same formula Governor of the Central Bank of Iraq in 1964 and followed the approach of the central banks of Egypt, Saudi Arabia, the UAE, Lebanon, Turkey and others, so the Central Bank of Iraq decided to include the name of the governor when reprinting or issuing any cash , In line with what was stated and with the latest trends found in the signature alone, the lack of significance required by the word (governor) on the banknote and that the currency committee in the Central Bank of Iraq concerned has taken this decision for months in accordance with all legal considerations and Organizational and international practices ".
  10. DWS112

    CBI News 10/07/2018

    The Central Bank of Iraq issued an explanation on the new edition of the currency Date Added 10/08/2018 Economy News Baghdad: The Central Bank of Iraq, issued an explanation on the existence of the name of the Governor of the Central Bank of Iraq Ali Alalak in the new edition of the currency. The Central Bank of Iraq said in a press statement received by the "Economy News" that "one of the basic functions of the work of the Central Bank of Iraq and provided for in Article IV of Law No. 56 of 2004 amending the" Issuance of the Iraqi currency and management as stated in Articles 32 and 33 of the same law where " The Central Bank of Iraq alone without the right to issue currency currency paper and metal for the purpose of circulation in Iraq . " "Under the regulations, the CBI has the right to determine the categories of paper and metal currencies, their measures, their forms, their material, their content, their weight, their design and other features . " He pointed out that "the banknotes in various countries contain the signature of the Issuing Authority, which is the Governor of the Central Bank. Central banks have always put signatures of their governors on these securities in different forms." Among them are the signature of the Governor, In the handwriting of the governor in the form of the name combination with a signature with special significance to the banknotes. Many central banks use this combination (name of the governor by hand) without signing to document the stage of issuance of the banknote. He continued, "Of these examples Iraqi currency issued in 1932 as signed by the same formula Governor of the Central Bank of Iraq in 1964 and followed the approach of the central banks of Egypt, Saudi Arabia, the UAE, Lebanon, Turkey and others, so the Central Bank of Iraq decided to include the name of the governor when reprinting or issuing any cash , In line with what was stated and with the latest trends found in the signature alone, the lack of significance required by the word (governor) on the banknote and that the currency committee in the Central Bank of Iraq concerned has taken this decision for months in accordance with all legal considerations and Organizational and international practices ".
  11. The Central Bank launches a small currency and delete Quranic verse The Central Bank of Iraq announced on Thursday that it intends to launch large quantities of small currency categories to the market with changes, including the absence of the category of a thousand dinars from Al-Ikhlas. A statement issued by the Central Bank said that "small amounts of small denominations were launched with a slight change in the form of these categories of 1000 dinars, 500 dinars and 250 dinars." "The deal will continue to trade with the new and previous issues in daily trading," he said. The new edition of the category of the thousand dinars of surah al-Ikhlas that existed in all other editions.
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