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  1. Central Bank's safe investment policies have boosted confidence in the Iraqi economy Articles Samir Nusairi A source at the central bank said foreign reserves amounted to $ 72 billion, and would rise to $ 86 billion when the Ministry of Finance takes advantage of the rise in oil prices and the payment of $ 14 billion to the Central Bank, which represent the sad transfers that the central bank during the period of financial crisis, which suffered Including Iraq, which constituted direct support to the State Treasury and the national economy in the near future when the country was unable to pay the salaries of state employees at the time of the Minister of Finance at the time. Which has had a significant impact in achieving economic steadfastness and thus financial victory in complex circumstances. That the observer and specialist is well aware that access to this rate of foreign reserves is the Central Bank to follow the safe investment policies, which strengthened the international credit position and restore confidence in the Iraqi economy and international banking relations. Underscoring the safety and success of the Bank 's strategy for the years (2016 - 2020 ) achieved .ho achievements in financing activity and activate the initiative to finance small and medium enterprises and raise the ceiling on loans to one billion dinars for each project within the objectives of theinitiative in activating the economic cycle and support the implementation of the objectives of the government curriculum in the fourth axis ( Strengthening the economy) to achieve the goal of development banks as the goal of development. In addition to this, the Bank is working on direct Islamic financing for public and private banks. In addition, the expansion of the implementation of community initiatives from the Tamkeen Fund is an effective national experience in integrating the banking sector with society and achieving the goal of social, economic and humanitarian banks. Babylonian monuments on the World Heritage List. The clear evidence that can never be covered is the continuation and maintenance of the exchange rate stability over two years and maintaining the inflation rate of less than 2%. Thus, the Central Bank has been able to achieve its objectives in its Law No. 56 of 2004, On the stability of the exchange rate. And is now vigorously and effectively pursuing the objectives of strengthening the economy and banks for development. Views 116 Date Added 06/07/2019
  2. Masoudi: Security Council pressed Iraq and waved back to Chapter VII The deputy of the Alliance of " Saaron " Riad Masoudi, the scenes of the issuance of Diwani order to organize the popular mobilization, noting that the members of the UN Security Council told the government to make tough decisions to regulate the work of security forces. "The visit of the UN Security Council delegation to Iraq and his meeting with the three presidencies were motivated by Western countries, especially the United States and the European Union," Massoudi told a news briefing. "The UN Security Council delegation informed Iraq of new changes in the security and political system and not to be dragged into the axis of Iran and stop attacks against Western interests," he said, adding that the delegation informed the government that if an urgent decision is not made, Against Iraq, including the return to the seventh item and the withdrawal of oil companies and even impose some sanctions . " Masoudi said: "Abdul-Mahdi issued a decree Diwani immediately after the visit, to organize the work of the crowd and integration with the armed forces to ensure the survival of oil companies in Iraq and keep diplomatic missions."
  3. "SAP" launches an investment strategy in Iraq and opens an office in the capital"SA 2019/07/03 SAB launches an investment strategy in Iraq and opens an office in the capital Financial and administrative agent for the Iraqi Ministry of Communications: Digital transformation is a key pillar in the vision of the country and 8% growth in GDP until 2020 Administrative and Financial Agent for the Iraqi Ministry of Communications: Achieving the national transition according to Vision 2030 requires the government to have the ability to immediately see information in all institutions and at all levels € 16.6 billion EU-Iraq bilateral trade ... Digital innovation is one of the most important areas The Iraqi Sectors in SAPNOW offers best practices in digitizing government, oil, gas and banks, as well as training and empowering young people with the "Digital Skills Today" Today, the Iraqi Ministry of Communications and the German Ambassador to Iraq and the International Advanced Technology Corporation (SAB) have confirmed that the country's digital transformation is a key pillar of the diversified economic growth and job creation in Iraq's Vision 2030, GDP growth of eight percent by 2020, during a major event on the future of digitization in the country and the gathering of senior officials from both sides. The real GDP growth in Iraq is expected to double by about three times to 8.1 percent in 2020, especially due to the increase in diversified economic growth, according to a recent report by the World Bank, with the progress made by the government in implementing the Vision 2030 and success Investment in reconstruction. Dr. Karim Mazal Shabi, the administrative and financial agent of the Ministry of Communications, pointed out that achieving the goals of digital transformation in the National Vision 2030 requires the existence of a government "with the ability to immediately see data and information in each ministry and at any level of government," stressing that " Public-private partnerships, such as the government partnership with SAP, can provide government digital services that can make the government more predictable and responsive to citizens' needs, and enable them to reach higher levels of diversified economic growth and job creation for young people. " The EU is Iraq's second largest trade partner. Bilateral trade between the two sides reached 16.6 billion euros in 2017, according to a recent report by the European Commission, indicating the strong trade opportunities available to both sides. For his part, Ambassador of the Federal Republic of Germany to Iraq Cyril Nen said that German companies have long been "a strong trading partner of Iraq and an important player in the economic growth of the country," adding that the new SAP strategy to invest in the country and the office opened by the company Are an important milestone in the partnership that will enhance the exchange of knowledge, experience and best practices between the Iraqi government and German companies to support transformation and reconstruction within the 2030 National Vision. " SAB has announced a long-term investment plan in Iraq and the opening of its first office in Baghdad, in support of the country's digital transformation. Under these investments, the company will showcase global best practice in supporting digitization in the public sector, oil and gas, banking and financial services, as well as promoting job creation and professional development for young people. SAP's Cities of the Future program supports the building of Smart Cities and Smart Governments in these three key sectors. More than 3,300 oil and gas customers and more than 14,100 customers from the banking sector, together with up to 140 million accounts, Banker all over the world. "The government, oil and gas sectors and the banking and financial sector in Iraq have strong opportunities to drive the country's diverse economic growth," said Hassan Saleh, CEO of SAB Iraq. "Our investment plan and our first office in Baghdad from the main completion stations of our company in the Republic, especially in support of the main industrial sectors and the creation of jobs. SAP's technology experts, customers, distribution channels and academic partners participating in the SABNOW event held in Baghdad demonstrated how cloud technologies can help companies become more efficient, predictable and competitive. The speakers at the event addressed best practices in following a road map to implement any digital transformation program. They also addressed the "Hanna" platform of SAP for in-memory computing, the S / 4HANA business application suite, , And held specialized sessions that discussed technical issues of interest to the public sector, oil and gas sectors and digital banking services. Saleh added that the great turnout at SABNOW is a "historic moment for the company in the country." He explained how smart use of data, technology and digital tools can fuel the next generation of smart companies in the country. The Iraqi government can become more effective, and companies in the oil and gas sector can provide their customers with a more sustainable card, while digital banks can enrich the experiences of dealers. " On the other hand, SAB's "Digital Skills Today" initiative, which aims to support youth development, has seen great success in empowering young people, refugees and minorities in conflict areas in Iraq and some countries in the Middle East through training and job opportunities in various Technical fields. SAB, Injaz and the Ritz have trained 1,081 young people and more than 120 have successfully participated in intensive training camps on programming. Over the next few months, the SAP Training and Development Institute and next-gen Next-Gen are looking at opportunities to partner with Iraqi educational institutions in order to strengthen the future workforce. You can visit the SAP News Center for updates and follow the company's news on Twitter via @sapnews and @SAPMENA .اقتصـاد/sap-تطلق-استراتيجية-استثمار-في-العراق-وتفتتح-مكتبا-في-العاصمة/
  4. The devaluation of foreign currency sales at the central bank auction 03/07/2019 Information / Baghdad .. The Central Bank of Iraq, its sales of the currency on Wednesday, indicating that the exchange rate amounted to 1190 dinars per dollar. The value of foreign currency sales at Wednesday's auction fell to 179.58 million dollars, compared with Tuesday's sales of 188.86 million dollars, down 9.28 million dollars, the bank said in a statement received. He added that "the exchange rate amounted to 1190 dinars per dollar, in the auction held with the participation of 29 banks," explaining that "the sales executed are the results of the day on Thursday." He pointed out that "the total sales total amounted to 195.68 million dollars," noting that "the volume of funds sold to strengthen the bank balances abroad amounted to 179.09 million dollars, while the total cash sold 480 thousand dollars." Finished 25 s
  5. Deputy: Parliament votes on the new governor of the Central Bank and 7 degrees today 02/07/2019 BAGHDAD - The representative of the Fatah Alliance Amer al-Fayez, on Tuesday, the House of Representatives received the curricula vitae of candidates for 8 degrees, where he is scheduled to vote on them, while confirmed that the candidate of Prime Minister Abdul Mahdi for the post of governor of the Central Bank will also gain confidence. Al-Fayez said in a statement to the "Information" / "The Presidency of the Council of Representatives received the names of 8 candidates with their curricula vitae to fill eight grades, especially the central governor of the central." He added that "the political agreement and according to the agenda provides for the passage of candidates during the session today," noting that "the parliament will also discuss the validity of the membership of some of the deputies as well." Ending / 25 d
  6. Did the Security Council delegation discuss lifting Iraq from Chapter VII? 09:48 - 30/06/2019 Information / Baghdad .. Advisor to the President of the Republic Sherwan al-Waeli, Sunday, that the delegation of the Security Council, which visited Baghdad yesterday did not discuss the issue of lifting Iraq from Chapter VII. "The delegation of the Security Council did not discuss with the President of the Republic the issue of lifting Iraq from Chapter VII, yes, this may be discussed with the Prime Minister Adel Abdul Mahdi, "Waeli said in a statement to the newspaper "Middle East" and briefed him . He added that "the subject of the seventh item does not discuss perhaps in this hurry, especially that the meeting is of a political nature, and lifting the remaining restrictions on Iraq in the seventh item needs to technical committees specialized, and there are many details in that, IraqCame out of most of the provisions of Chapter VII and left them with regard to the issue of Kuwaiti compensation, has asked the latter to postpone the subject earlier. Waeli pointed out that "all members of the Security Council delegation were keen on solidarity and declare stand with Iraq and spare it the repercussions of what may happen in the region of new problems, and did not escape the tension between Tehran and Washington from the meeting, and stressed the need to return Iraq and strongly to the international fold like any stable country "He said.Ending / 25
  7. Economy 22 hours ago Notes on the Public Debt Law in force Dr.. Haidar Hussein Al - Tohma The Iraqi parliament voted at the end of last May on the new Financial Management Act 2019, and despite the time spent by the Finance Committee in revising and amending this law, the legislator law has many weaknesses and conflicts with the government program of the government of Adel Abdul Mahdi. Here we do not want to delve into the weaknesses of the new law in the hope of discussing this in another article, but we focus on the negligence of the Financial Management Act 2019 legislator of a new law on public debt. It was hoped that the law would include provisions and provisions governing public debt levels and mechanisms to extinguish the accumulated debt in order to achieve financial sustainability in the country. Due to the repeated borrowing from the accumulation of public debt rates steadily, leaving the premiums and benefits became exhausting the federal budget, as the payments of public debt (internal and external) the duty to repay more than (10) trillion dinars, as stated in Article (2) Of the federal budget law for this year, a difficult figure will inevitably be at the expense of the efforts of construction and reconstruction and economic development in Iraq. Currently, total public debt exceeds $ 130 billion ($ 41 billion in outstanding debt) and nearly $ 65 billion in external debt, and the remaining $ 36 billion in domestic debt estimated to reach 2018. Article 52 of the new law provided for the repeal of the Financial Management and Public Debt Law issued under CPA Order No. 95 of 2004, with the exception of Appendix B of the Public Debt Law. Which means the continuation of the previous and effective public debt law. Here are several observations: 1. The Finance Management Act (94) of 2004 gives the Minister of Finance considerable powers in public borrowing. 2. The law does not refer to the maximum ratios of public debt, and the new financial management law has indicated a maximum deficit ratio of 3% of GDP. 3 - Most of the details contained in the law are technical and have no economic or financial dimensions. 4 - There is no reference to external debt and mechanisms to deal with. 5. There is no reference to government debt from international institutions and mechanisms to deal with them (IMF and World Bank). 6 - There is no reference to the debts of the provinces and regions and the mechanism of payment, which is a problem between the Center and the region. 7. The law does not refer to the accumulated debt and the mechanisms for dealing with it, nor does it include a fund to pay the public debt. In light of these observations, and many other technical details, a number of factors oblige the House of Representatives to accelerate the enactment of a new law to manage the public debt, perhaps the most important: 1. The fragile financial situation and the accumulated debts necessitate a review of the structure and content of the effective debt management law to ensure financial sustainability. 2 - There is no justification for the adoption of a new law of financial management devoid of the law of public debt, although the latter part of the first. 3 - The text of the fourth axis / first / paragraph (9) in the government program of Mr. Adel Abdul Mahdi (2018-2022) on the control of internal and external debt. This paragraph is one of the most important paragraphs of the axis of strengthening the economy because of its repercussions on the economic and financial situation in Iraq in the medium and long term, and stipulated: ((control of internal and external debt and prevent exceeding certain levels, and linking the internal debt and external investment projects and generated values and wealth and non-use For the consumer or operational purposes of the budget), while the new Financial Management Law did not include any reference to the achievement of the said objective from near or far. 4. Article 20, paragraph 2, of the new Financial Management Act refers to the deposit of the financial surplus realized in a sovereign fund, which necessitates the establishment of a sovereign fund whose branch may be allocated to pay the accumulated public debt. * Researcher at Al-Furat Center for Development and Strategic Studies / 2004-Ⓒ2019
  8. A letter open to the Prime Minister of Iraq, his people and his economy first Articles Samir Nusairi Peace, mercy and blessings of God Two days ago, in the media and social media, there is a change in the leadership positions of the private agencies. On the basis of what is specified in Article 8 e in the Budget Law 2019 that the 2019/6/30 date for the termination of proxy positions for all the leading positions in the Iraqi government. I believe that the application of this article transparently and without prior political intentions means that the competent authorities in the government and in the House of Representatives reassess those who hold these positions by adopting important and fundamental criteria that begin first and foremost from a analytical and analytical view of the results of the work of the official in the post. And what he and his team was able to achieve from the national achievements and have a direct impact on achieving the central objectives of the previous and current government within the hubs of its government programs approved by the House of Representatives. In order to be clear and specific and direct and in the best interest of Iraq and its national economy. He called on Dr. Adel Abdul Mahdi, the Prime Minister of the distinguished. He is an economist who knows all the areas of success and failure in the Iraqi economy and who are the symbols of success who have achieved economic steadfastness and to take steady steps to achieve economic stability during the years Previous. What concerns us here is the role played by the Central Bank of Iraq and its achievements and bright points during the lean years (2015-2019), in which Iraq suffered from economic and security shocks and was able to policies, procedures and wise applications of monetary policy to support the national economy and contribute directly to the economic steadfastness And decisive victory over terrorism because military victory can not be achieved without steadfastness and economic support. Therefore, through the review, analysis and evaluation neutrality and transparency of the Iraqi economic situation and in particular is achieved by the ministries and economic institutions in Iraq from a competent point of view has been reached facts and evidence and signals and achievements confirm that the Central Bank of Iraq proved to be the economic institution through its important achievements in supporting the economy National economic resilience and strive to accomplish economic stability, according to the main objectives of the strategy and sub-working side -by- side and fruitful cooperation with the special representative of the Iraqi Association of banks of the banking sector and this is what really achieved as it contributed to the The victory over terrorism and accompanied by another victory is the steadfastness and economic victory, which was the team of the Central Bank of Iraq a key role and leading in achieving. The most important of which is the support of the state treasury, the stability of the exchange rate, the recovery of the Iraqi dinar, the reduction of inflation and the maintenance of its share of less than (2%). And to maintain a 160% cash reserve as a cumulative accumulator in accordance with the latest IMF standard with gold reserves within an excellent record rate. The third is the Arab and the 37th globally, in addition to its adoption of standards and controls that comply with the requirements of international standards of compliance and Kavhh money laundering and terrorism financing and liquidation of up to 700 international Note registered on the Iraqi banking system and our exit from the area of monitoring and follow-up according to the Financial Action Task Force (FATF (and strict adherence to achieving basic goals And the activation and consolidation of new visions for the applications of monetary policy and the important thing achieved is the stability of the exchange rate and reduce the gap between the official price of the US dollar and the parallel price, which is a key objective of monetary policy and the implementation of the policies of re-trust banking transactions with Iraqi banks and Arab and foreign banks and seeking to build a solid banking sector and continuing To make extraordinary efforts to improve the banking reputation of international financial institutions and organizations and correspondent banks. And building strong relations with Arab and foreign central banks and international financial organizations. The Security Council's invitation to the Governor of the Central Bank in his rare event to present the achievements in the field of combating money laundering and financing of terrorism. The procedural, regulatory, Which aims at achieving financial stability and developing the banking business technically, structurally and organizationally, and raising the percentage of financial coverage to the target percentage, where he prepared and laid the foundations of financial and technical appropriate to the reality of the Iraqi economy and banking mechanisms, which formed a solid base on the domestic and abroad. All these achievements have prompted the Arab bank governors to elect the Governor of the Central Bank as the current governor of the Arab Monetary Fund and as the chairman of their board in the next session, a vivid embodiment of Iraq's economy recovering from its crises and that is a tribute to the Iraqi people and its economic, financial and banking institutions. The Prime Minister is required to implement Article 58 in the budget of 2019 in accordance with transparency and respect for the principle of public service in the service of society and to be honored the achievement of national economic achievements and they are on the agency's site and install and motivate them to complete the triumphant march in the service of Iraq and its people and economy. With appreciation Views 50 Date Added 28/06/2019
  9. Document: including the governor of the Central Bank .. Abdul Mahdi sends the names of candidates for special positions to Parliament 27/06/2019 Baghdad Mawazine News Prime Minister Adel Abdul Mahdi, the names of candidates for positions of special grades, including the Governor of the Central Bank to the House of Representatives after the approval of the Council of Ministers. And obtained / Mawazin News /, a document issued by Abdul-Mahdi and addressed to the parliament, which included that he was nominated Ali Abdul Amir Allawi for the post of Governor of the Central Bank, and Salah Nuri Khalaf for the post of Chief of the Office of Financial Supervision, and Mohamed Abdel-Mahdi Mohamed Taqi Hakim for the post of adviser to the Prime Minister, Hassan Nema for the post of Undersecretary of the Ministry of Oil, Hamid Younis Saleh Zobaie for the post of Undersecretary of the Ministry of Oil, and Adel Karim Kak Ahmed for the post of Undersecretary of the Ministry of Industry.
  10. THE ECONOMISTS ASSOCIATION ACCUSES SOME OF THE EMPLOYEES OF THE RASHID AND RAFIDAIN BANKS OF FORGERY AND CIRCUMVENTING LAWS Wednesday, 26 June 2019 Baghdad / National Information Center (NNC) The deputy chairman of the Iraqi Economists Association in the name of Jameel, said Wednesday that some employees of the Bank of rational and Rafidain deliberately fraud in banking transactions and circumventing banking laws. Jamil said in a statement to the NNC that "fighting corruption needs an integrated approach, and government banks need to apply electronic governance and transparency in banking work and eliminate red tape and bureaucracy and facilitate the matter to citizens and reduce the complexities, including the urgency in the loan and the health of the breasts, Citizen to resort to irregular methods. " He added that "some employees in the bank Rashid and Rafidin deliberately fraud in banking transactions and circumvent the laws," noting that "the solution of this problem by the government, and it must come to the right person in the right place through the competencies in government banks." The Iraqi banking sector suffers from the low level of services provided, due to the absence of effective activities for the development of this sector for years. In addition, the security and political conditions contributed to the deterioration of the economic situation and affected by the result of that banking sector.
  11. Betrayal "of the Central Bank ... How to hand over the data of the security forces to third parties? June 23, 2019 - 17:37 Number of readings: Baghdad: Sumer News collusion and support, the second to hand over the database of security forces to an American company, all this in exchange for "secret deals suspicious" and at the expense of the exclusion of Iraqi civil companies. The Central Bank and the Bank of Rasheed, with the support of the government, went to support MasterCard for electronic payment. This support was developed until there were many clashes between the Iraqi government party and the American company in many fields so that the citizen can imagine that MasterCard is the only company responsible for the system. Financial and electronic, at a time there are dozens of Iraqi companies working in this area. "Flattery" The two sides have reached the stage of publishing the bank's news on its official website, stating that MasterCard honored the bank during its annual conference in Spain and that the award came in view of the policies and strategies adopted by the bank in the payment systems. In addition, To contribute to support the bank and banks and licensed companies operating in Iraq. The news published on the central bank's website appears to have borne fruit recently, and the company, through "suspicious" deals with corrupt officials, has been able to extend its control over the country's most important database, the security services. The decision to settle the salaries of the security forces and popular mobilization, but this resettlement, although it is a correct economic step, but it was agreed with a US company, where the company received the entire database, the number and ranks and ranks of the security forces in full with all their personal data, Any country should hand over a database of this gravity to a foreign company, not a local one? The life of the security forces is always at risk due to the security situation in the country, forcing them to hide their identities. But now all their lives are exposed to the hands of a foreign body that is suspected of destabilizing Iraq. This American company, founded in 1966, has become the first in the world in the field of electronic payment, but there are hundreds of companies or thousands of others, and each country has many companies for these financial transactions and is not exclusive to MasterCard, despite the reputation of the world, and most countries establish companies from this Type or support civil versus running the country. Iraq now owns a lot of civil companies competent electronic payment, and what MasterCard can do any other company to implement, so the database remains within the scope of the state and the hands of known and Iraqi authorities and controlled, and not delivered to a foreign party, the central bank of this step has provided external parties the trouble Penetrating any local data-pulling company, he handed it to a formal contract.خيانة-البنك-المركزي-كيف-سلم-بيانات-القوات-الامنية-لجهات-خارجية
  12. The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks 23 June 2019 The Central Bank of Iraq announced the start of the establishment of the insurance company Takaful Islamic banks in cooperation with the Board of Insurance with a capital of (15) billion dinars with the participation of all Islamic banks. The Central Bank issued the company's Takaful controls according to the standards of the Islamic Financial Services Board (IFSB) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The Takaful Insurance Company represents the second strategic objective of the comprehensive strategic plan of this bank in developing the Islamic banking industry and transactions. (2016-2020). "This move will pave the way for its recent move towards Islamic capital markets through the issuance of the Investment Sukuk Act to complement the Islamic economy in Iraq," the central bank said. It is noteworthy that this company is subject to the Regulation of Insurance Acts No. 10 of 2005 and the Islamic Banks Law No. (43) for the year 2015.
  13. Economist: The achievement of the Central Bank gives him international strength and confidence He praised economist completion of the Central Bank of Iraq 's final accounts in the legal deadline and receiving a good assessment of an international auditing firm, pointing out: "This assessment gives the central bank and the banking sector strength and confidence at the international level , encouraging international financial bodies to deal with him and granted loans and facilities" . The expert said Abdul-Hussein al-Mundhari: "The Office of Financial Supervision has stressed earlier in all ministries and institutions to complete their annual accounts during the first three months and submitted to the Iraqi legal accountant for scrutiny and ratification." He added: "The Board of Control and the Central Bank agreed that thesecond offering accounts to international auditing firms recognized for the conduct additional audits of the accounts as well as the Iraqi auditor audited, giving accounts greater credibility because it will be more accurate and in accordance with international standards." According Mundhiri, Van: "This measure allows the central bank to obtain a global assessment lends credibility to the accounts required, which makes international actors trust Iraqi banks." International auditing company "Ernst & Young" has completed the audit of the Central Bank of the 2018 legal deadline the end of last March, and gave him a good assessment.خبير-اقتصادي-انجاز-البنك-المركزي-يمنحه-قوة-وثقة-دوليتين
  14. The corruption of the Central Bank and the money smuggled 15-06-2019 11:46 AM Baghdad The adviser of the Center for Strategic Studies, Ghazi Faisal, recalled the suspicions of corruption in the work of the Central Bank and the money smuggled out of it. Faisal said in a statement to the "News", "The President of the National Congress, Ahmed Chalabi before his death, revealed many facts about the smuggling of funds through the Central Bank, and revealed that the bank, wasted $ 320 billion could have been a very important reserve of the economy Iraqi ". He explained that "a member of the Integrity Committee in Parliament, Adel Nuri, revealed in an official report, that during the period of Prime Minister Nuri al-Maliki, spent 600 billion dollars without receipts and this is not in any country in the world," noting that "no one knows Where did these 600 billion dollars go? " He pointed out that "the former central bank governor Sinan Shabibi, revealed corruption in the bank through the smuggling of 800 billion dollars in specific years, even if these billions spent on building Iraq, Iraq would be one of the best in the world." With regard to the subject of contracts, Faisal said, "220 billion dollars, spent on fictitious contracts and companies and banks for more than 90 thousand imaginary projects."
  15. Expert: There are cases of great manipulation in the work of banks 15-06-2019 10:08 AM Baghdad The legal expert Ali al-Tamimi, on Saturday, that the absence of legal deterrent contributes to the recurrence of financial violations, noting that there are cases of manipulation of the work of some banks. Tamimi said in an interview with "News", that "one of the most dangerous things facing the economy of the country is the financial drain," noting that "the absence of legal deterrent contributes to the recurrence of financial violations." Tamimi pointed out, "the existence of cases of large manipulation in the work of some banks, which lost investor confidence in them." Al-Tamimi added that "Iraq does not have guarantees to encourage investment in the country and therefore we see a great reluctance of investors to come and not to risk capital."
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