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  1. Iraq chairs an important meeting to remove its name from the European list of high-risk countries Fouad Hussein, Minister of Foreign Affairs of Iraq a u aThursday, October 21, 2021 1:02 AMnull The Iraqi Ministry of Foreign Affairs announced the participation of the delegation of the Republic of Iraq to the European Union in the technical meeting of the expert group concerned with removing the name of Iraq from the European list of high-risk countries in the field of combating money laundering and terrorist financing . And the Iraqi Foreign Ministry stated – in a statement reported by the Iraqi “Alsumaria News” channel – that “Ambassador Abdul Karim Tohma Kaab, head of the European Department, next to him, the head of the mission of the Republic of Iraq to the European Union, Ambassador Sadiq Al-Rikabi, and Deputy Head of Mission, Minister Plenipotentiary Fadel Al-Rahim, chaired a technical meeting that was held In the Belgian capital, Brussels, the Iraqi team concerned with removing the name of Iraq from the European list of high-risk countries in the field of combating money laundering and terrorist financing and the European team concerned with this file in the European Commission and the Department of External Action . The technical team presented – according to the statement – “a review of the achievements of the Iraqi system for combating money laundering and terrorist financing, the latest developments in anti-money laundering and terrorist financing laws, the types of regulatory authorities and their work as the Anti-Money Laundering and Terrorist Financing Council, the Committee for Freezing Terrorist Funds, institutions concerned with combating organized crimes, and the judiciary.” And the most important achievements of Iraq under the first national strategy to combat money laundering and terrorist financing for the period (2017-2020). Then, “the observations and inquiries of the European side were discussed regarding the information provided by the Iraqi side regarding criminalization laws, the number of convictions, the type of penalties for perpetrators of money laundering and terrorist financing, banks’ procedures for due diligence for customers and international cooperation in the field of combating money laundering and terrorist financing .” At the conclusion of the meeting, Ambassador Abdul Karim Tohme Kaab affirmed Iraq’s aspiration to remove its name from the European list of countries with risk in the field of combating money laundering and terrorist financing, especially since Iraq has met all (FATF) standards and provided the European side with all the documents it reque https://m.youm7.com/story/2021/10/21/%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%8A%D8%AA%D8%B1%D8%A3%D8%B3-%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9%D8%A7-%D9%87%D8%A7%D9%85%D8%A7-%D9%84%D8%B1%D9%81%D8%B9-%D8%A7%D8%B3%D9%85%D9%87-%D9%85%D9%86-%D8%A7%D9%84%D9%82%D8%A7%D8%A6%D9%85%D8%A9-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A%D8%A9-%D9%84%D9%84%D8%AF%D9%88%D9%84/5503150
  2. Iraq signs an international anti-corruption agreement political| 04:21 - 11/09/2021 Baghdad - Mawazine News The Integrity Commission announced, on Saturday, an agreement to sign a memorandum of understanding between the international and Iraqi academies to combat corruption. The authority stated in a statement, "In the context of strengthening cooperation between anti-corruption academies, and seeking to conclude agreements and memoranda of cooperation between them in the field of training, development, knowledge transfer and skills acquisition, the Federal Integrity Commission Chairman (Alaa Jawad Al-Saadi) met with the Dean of the International Anti-Corruption Academy (Thomas) Stelzer) in the Austrian capital Vienna. She added, "The meeting, which took place at the headquarters of the International Anti-Corruption Academy, during which it was agreed between the two sides to conclude a memorandum of understanding between the international and Iraqi anti-corruption academies, in order to cooperate in raising the capabilities of anti-corruption workers in investigation and auditing and spreading a culture of integrity and transparency and maintaining On public money, through training and education programs, knowledge transfer and research and studies in this field. And she indicated, "The two parties also discussed ways to build bridges of cooperation between the two academies in the field of training and development, with a view to facilitating the implementation of the provisions of the International Convention against Corruption, especially what was stated in its chapter Chapter VI - Article (60) entitled Training and Technical Assistance, which provides for: “Each State Party shall, to the extent necessary, introduce, develop or improve training programs for its personnel responsible for preventing and combating corruption.” And she continued, "The meeting included a discussion of the academic and training capabilities of the two academies and their human and material resources, while Judge Al-Saadi invited the Dean of the International Academy to visit Iraq, while the latter valued the efforts of the Iraqi Academy, after being briefed on its tasks and achievements, especially in the field of training, development and continuing education. He praised Iraq's leadership in the Middle East by establishing an anti-corruption academy after the international and Malaysian academies. Ended 29/h https://www.mawazin.net/Details.aspx?jimare=167024
  3. They are working on returning the looted funds and arresting the corrupt now. We are seeing more and more articles on it.
  4. Parliamentary Finance: The Civil Service Law is working to find a solution to standardize employee salaries money and business Economy News _ Baghdad The Parliamentary Finance Committee said, on Monday, that the Civil Service Law and its institutions are working to find a solution to unify the salaries of employees that suffer from large differences between ministries, as well as eliminating aliens and double salaries. Committee member Jamal Cougar explained in an interview with the newspaper “Al-Sabah” and followed by “Economy News”, that “the government may reconsider the salary scale by activating the Federal Civil Service Department to eliminate aliens and multi-salaries,” noting that “this matter concerns the current and future governments, but The question remains, can the government do that? He added that "the solution lies in the civil service law that regulates salaries, but the problem is that the civil service institution represented by the Federal Service Council does not have an owner yet and needs to arrange itself as it is modern and it will do a great job if the government takes it seriously." He continued, "Through this law, there will be a unification of the salary scale and the unification of the lists of employees in the state in one record, and this is not a small matter, as double-salaries, multi-salaries and aliens will be discovered." Regarding the postponement of the court's consideration of the government's appeals regarding the budget until next September, Cougar stated that "this matter will not obstruct the budget, even if these appeals are important, and they are 12 paragraphs, but the rest of the budget items are in force." Views 130 Date added 08/30/2021 https://economy-news.net/content.php?id=26137
  5. Al-Kinani demands the lifting of immunity from all MPs: There are very serious confessions AM:10:06:30/08/2021 3604 views The head of the Foundation for Reform and Change, Sabah al-Kinani, demanded, on Monday, the lifting of immunity for all members of the Iraqi parliament. Al-Kinani said, in a statement to NRT today, (August 30, 2021), that "I am calling on the Supreme Judicial Council to lift the immunity of all members of the Iraqi Council of Representatives." He added, "There are more than 50 deputies dealing with Bahaa Al-Jourani and Diaa Abu Masar Abu Manar, and with most of the whales of corruption controlling ministries and state property. These are employees who work for businessmen and whales of corruption." Al-Kinani continued, "I demand the Supreme Judicial Council to enact a law that lifts the immunity of all Iraqi parliament, and there are very serious confessions." It is noteworthy that on August 24, the Central Anti-Corruption Criminal Court sentenced businessman Baha Al-Jourani and director of the cement company Ali Saleh Al-Attar to 6 years in prison, each on charges of corrupt contracts. A document obtained by NRT stated, “The Central Anti-Corruption Criminal Court, headed by Judge Haider Jalil Al-Birawi, and the membership of judges Ali Anwar Dalf and Ziad Fadel Al-Khatib, who are authorized to judge in the name of the people, and the court issued its decision to: The criminal Baha Alaa Abdul Razzaq Alwan was sentenced to a temporary prison term of 6 years in accordance with the provisions of Article 308 and in light of Article 310 of the amended Penal Code No. 111 of 1969. Ali Saleh Hadi Attar) is the general manager of the General Company for Iraqi Cement, and then the supply contracts of the General Company for Iraqi Cement are referred to the companies of the accused Baha Alaa Abdul Razzaq Alwan Al-Jourani in Baghdad in 2020. Another document showed that the same court had sentenced the director of the Iraqi Cement Company, Ali Saleh Attar, to 6 years in prison and a fine of 10 million Iraqi dinars, on charges of transferring the contracts of supplying the General Company for Cement to the companies of the accused (Baha and Safaa) in exchange for his appointment as director of the company. AA https://www.nrttv.com/ar/detail3/2109
  6. Parliamentary Finance: The government is considering reconsidering the salary scale Time: 08/30/2021 08:16:31 Reading: 3,445 times {Local: Al Furat News} The Parliamentary Finance Committee explained that the Civil Service Law and its institutions are working to find a solution to unify the salaries of employees that suffer from large differences between ministries, as well as eliminating aliens and double salaries. Committee member Jamal Cougar said in a press interview, "The government may reconsider the salary scale by activating the Federal Civil Service Department to eliminate aliens and multi-salaries," noting that "this matter concerns the current and future governments, but the question remains whether the government can do that." . He added that "the solution lies in the civil service law that regulates salaries, but the problem is that the civil service institution represented by the Federal Service Council does not have an owner yet and needs to arrange itself as it is modern and it will do a great job if the government takes it seriously." He continued, "Through this law, there will be a unification of the salary scale and the unification of the lists of employees in the state in one record, and this is not a small matter, as double-salaries, multi-salaries and aliens will be discovered." Regarding the postponement of the court's consideration of the government's appeals regarding the budget until next September, Cougar stated that "this matter will not obstruct the budget, even if these appeals are important, and they are 12 paragraphs, but the rest of the budget items are in force." Forgiveness of Lights https://alforatnews.iq/news/المالية-النيابية-الحكومة-تدرس-إعادة-النظر-في-سلم-الرواتب
  7. Posted on August 3, 2021 Innovation first: new initiative by UNDP digitalizes Iraq’s public sector Under the Digital Transformation and E-governance project - in Iraq-, Iraq’s Council of Ministers Under the Digital Transformation and E-governance project - in Iraq-, Iraq’s Council of Ministers Secretariat (COMSEC) with the support of the United Nations Development Programme (UNDP) in Iraq and the Regional Hub in partnership with the implementing partner Estonia for e-Governance Academy, is launching a digital landscape assessment (DLA) to assess Iraq’s digital maturity and foster a digital-first approach across key government institutions to better harness technology and innovation to deliver more and better results in the countries and communities in which we work. Guided by the UNDP digital strategy’s objectives - a call to action and innovation for UNDP and partners to better harness technology and innovation to deliver better results based on 2 concepts Digitization & Digitalization - the digital landscape assessment (DLA) will support Iraq assessing its digital landscape within the framework of the SDGs and identify digital entry points for acceleration towards the SDGs realization. It shall evaluate the current situation by reviewing existing digital strategies, action plans and regulatory frameworks. Throughout exploring the key enablers of digital government such as the political will, the role and coordination of the leading agency, the legal and financing framework , digital databases, access to services, and cyber security, the assessment will provide key short- and long-term recommendations in each area to strengthen and advance Iraq’s digital transformation in line with the SDGS targets, while tackling the digital divide and divers bottlnecks. The primary objective is to find new opportunities by harnessing the power of digital, to attain higher levels of prosperity and citizen satisfaction by providing public efficient, effective and transparent public services through the use of digital technologies Building on the assessment upon its completion, a Public Sector Digital Transformation Roadmap is planned to be developed to establish the baseline for Iraq’s digital governance, identify the strategic priorities for digital transformation in the public sector and outline the main building blocks of a digital society while tackling challenges and bottlenecks– e.g. secure data exchange, digital identity and digital signature for citizens and businesses, data security and capacity development– along with proposals for the institutional, financial and legal framework of e-Governance. “On behalf of the Iraqi e-government national committee, it is my great pleasure to announce launching of the cooperation with UNDP Iraq. I believe that this cooperation will help the e-government national committee, Iraqi ministries, and different sectors to facilitate the achievement of our national e-government project.” says Dr. Abbas Al-Bakry, Head of Training, Development and International Support Team of the Supreme Committee for E-Government in the General Secretariat of the Council of Ministers. For the people of Iraq, the advancement in digital transformation will lead to more citizen engagement and will offer reliable, optimized and seamless access to public services and consequently decrease the need for visiting public offices in person, It will also unleash e-participation through direct engagement between the government, citizens and business Finally, increased efficiency and engagement, digitalization of the public sector will also result in greater government transparency and accountability. When automated and standardized processes are introduced, corrupt behavior will be limited. https://www.iq.undp.org/content/iraq/en/home/presscenter/articles/2021/08/innovation-first--new-initiative-by-undp-digitalizes-iraqs-publi.html
  8. More than 60 teams follow up on the projects of the White Paper.. This is what a government advisor revealed political| 06:46 - 06/08/2021 Baghdad - Mawazine News , Advisor to the Prime Minister, Executive Director of the Reform Cell, Alaa Abdul-Hussein Al-Saadi, confirmed today, Friday, that all projects of the White Paper will be launched at one pace according to the specified time limits, while pointing out that 64 teams have been formed to follow up on the implementation of projects. Al-Saadi said, to the official news agency, that "the governance mechanisms for implementing the white paper include time ranges that divide projects into programs. and objectives contained in the white paper. On the most prominent challenges facing reform efforts in the field of combating financial and administrative corruption, and in response to those concerned and those opposed to the White Paper projects, Al-Saadi explained, “Any change that occurs is always accompanied by opponents, and there is a kind of fear and opposition, but the government’s goal is to deliver a message aimed at improving performance.” The government in the field of financial management, the economy in general, and the implementation of projects, which leads to simplifying procedures for investors and the general public, and thus eliminating red tape, which will subsequently lead to the elimination of corruption. He stressed, "The government's priorities in implementing projects are many and large, and all programs will be launched at one pace according to the specified timescales," noting that "the white paper includes 64 projects, and 64 teams have been formed so that there is a team for each project that is launched according to the pre-established plan." He pointed out that "the Reform Department cell began its follow-up to the implementation of the white paper by communicating with all the main and supportive executive bodies for the implementation of projects, facilitating the procedures for the implementation process and preparing them, and making the various parties understand the mechanisms for their implementation," noting that "the preparation process will be relatively long, but it is important for proper implementation." for programmes. On August 2, the Prime Minister, Mustafa Al-Kazemi, announced the start of implementing the administrative and executive mechanisms of the economic reform plan within the white paper. https://www.mawazin.net/Details.aspx?jimare=162915
  9. Al-Kazemi's advisor sets 3 goals for implementing the administrative mechanisms of the economic reform plan 2nd August, 2021 A statement issued by the Prime Minister’s Media Office and received by the official news agency, which was followed by (Al-Oula News), quoted him as saying, “Since we launched the reform white paper to address the rampant corruption in the country, we have been working to create an atmosphere suitable for its implementation,” noting that “today’s meeting is to announce the start of implementing the implementation of this white paper. The administrative and executive mechanisms of the economic reform plan included in the white paper.” He added, “We strongly aspire to restore the country’s economy to its strength after the situation reached very low levels as a result of rampant corruption,” stressing that “this plan would rebuild the Iraqi economy in a proper manner, it achieves sustainable development for the country.” He added, “The reform plan will provide a solution to the chronic economic management crisis, which is represented by complete dependence on oil, and the failure to diversify sources of income.” He explained, “We want to prove to the Iraqis that we are serious about reform; Therefore, the plan for managing the economy was not short-term, nor was it immediate, but rather aimed at an integrated reform until it is completed within 5 years.” He stressed that “the damage to the Iraqi economy is very large; For this reason, it is impossible to implement the reform plan in a short time, and whoever promises to do so is delusional.” He pointed out that “the goal is to advance the Iraqi state, not the current government. He continued, “Since we assumed the administration of the executive authority of Iraq, we have been working hard to implement reforms; So that we can come out with minimal losses for all of us,” noting that “the future of our children is more important than anything, they are the builders of Iraq, and they are the ones who will lead it, so let us leave our interests and think about our children.” He continued, "Since we assumed the administration of the executive authority of Iraq, we have been working hard to implement reforms; To get out with minimal losses for all of us,” noting that “the future of our children is more important than anything, they are the builders of Iraq, and they are the ones who will lead it, so let us leave our interests and think about our children.” He continued, "Since we assumed the administration of the executive authority of Iraq, we have been working hard to implement reforms; To get out with minimal losses for all of us,” noting that “the future of our children is more important than anything, they are the builders of Iraq, and they are the ones who will lead it, so let us leave our interests and think about our children.” https://www.awla.news/مستشار-الكاظمي-يحدد-3-أهداف-لتطبيق-الآل/
  10. Deputy: Returning the dollar exchange rate to its previous rate is a popular demand Deputy: Returning the dollar exchange rate to its previous rate is a popular demand 2021-08-02 0 Independent MP Mansour Al-Baiji stressed, on Monday, that restoring the exchange rate of the dollar against the dinar to its previous price is a popular demand by all the people, and we will work to return it to its previous price during the next stage and as soon as possible. Al-Baiji said in a statement that (Al-Oula News) received a copy of it, that raising the dollar exchange harmed a lot of a large segment of the Iraqi people, and this matter could not continue, given that those affected by it are a large segment and this matter cannot continue, indicating that he will work to put pressure on the parties. The competent authority accompanied the decision in order to return it to its previous price. Al-Baiji said that the decision to return the dollar exchange rate to its previous rate is inevitable and cannot be tolerated or accepted to continue with this rise because it burned the local markets in the country and that a large segment of the people affected by it must be reversed and returned to its previous price as soon as possible, adding that this One of our priorities during the next stage, and we will not allow this matter to continue for a long time in the service of our people who have been affected by this rise. He concluded that the need has ended if it was a pretext taken by the competent authorities to raise the exchange rate after the world oil prices recovered, so the exchange rate of the dollar against the dinar must be reduced and fairness to our people who have suffered a lot in this rise and they are powerless and therefore we do not allow or accept this matter to continue It will be a long time and it will be a priority for all national representatives to do justice to their people, even if it is late. https://www.awla.news/نائب-اعادة-سعر-صرف-الدولار-الى-سعره-الس/
  11. Confidence in the Iraqi dinar is eroding... and the prospect of removing zeros PM 1:01:47 7/12/2021 Baghdad / Obelisk: Iraq is witnessing a severe financial crisis that began with the outbreak of the Corona virus last year, and the decline in global demand for oil, which represents nearly 91% of Iraq's financial imports. With the continuation of the financial crisis and the failure to pay the salaries of employees last year, the government resorted to what was called the Iraqi government reform paper (the white paper), which included the devaluation of the Iraqi dinar against the US dollar, and the decision entered into force at the beginning of this year. With the rise in oil prices globally, the Iraqi government has been thinking about long-term financial strategies that may protect the country from the risks of falling into a financial crisis that may be more influential. One of these strategies was put forward by the economic advisor to the Prime Minister, Mazhar Muhammad Salih, and is represented in deleting 3 zeros from the Iraqi currency, Without specifying a date for the implementation of this step. In every economic equation, the ratio of profit and loss is calculated, which is indicated by the economist Hammam Al-Shamma that this ratio will not be equally present in the equation, warning .of psychological disturbances in the Iraqi market in the event of deleting zeros In contrast to the losing party, Al-Shammaa believes that the government may derive limited benefits from deleting zeros, which is that the government and the central bank will face fewer problems in the accounting system and final accounts with limited zeros and small accounting numbers. On Sunday, June 20, 2021, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set two conditions for deleting 3 zeros from the currency, while stressing that the option to delete is proposed as part of the strategies for reforming the currency and cash payments system in Iraq. Saleh told the Obelisk, "The Central Bank of Iraq developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, which has become burdened with the insomnia of the economic blockade imposed in the nineties of the last century, and put it into research and study a long time ago, after looking at about 54 An international experience from the end of the Second World War until the second decade of the twenty-first century, which took place in various countries of the world, in which the monetary payment systems were reformed and made to work more efficiently, the last of which was the Islamic Republic of Iran and before that, Turkey. He added that "the phenomenon of increasing zeros in the monetary unit or adding zeros to a single monetary unit usually comes due to the exposure of economies to unruly waves of inflation or continuous sharp rises for years in the price level due to wars, sieges and conflicts, which lead to ".financing the deficit of government budgets through cash issuance. And because the price means the value of goods and services expressed in cash, the continuous rise in prices without stopping leads to the erosion of the value of the monetary unit, which requires the 7/12/2021 Confidence in the Iraqi dinar is eroding... and the prospect of removing zeros issuance of larger monetary categories due to the lack of value of the smaller monetary groups and the disappearance of their ability to cover transactions and exchanges of high monetary value in the market. He continued, “Accordingly, the monetary value of things or tangible assets and others inflates, and when inflation ends, according to which prices have increased to three decimal places, or more or less, according to the nature of each economy, countries resort to reducing the artificial reproduction in numbers, especially in the numbers of accounts books, budgets and various numbers of tools.” Accountability, after two conditions are met. He continued, "The first condition is price stability and global economic growth, and the second is appropriate stability in political life, so the importance of deleting zeros from the currency and slimming currency units as a necessary condition to reduce accounting numbers and facilitate arithmetic handling and the cost of managing new large numbers and the absence of small numbers and fractions, as it is noted that slimming currencies Cash comes because of its role in the sustainability of calculating huge numbers of financial values, which are not absorbed by ordinary computers due to the large number of decimal places and the emergence of many accounting errors, especially dealing in trillions, which means that one number in front of it has 12 decimal places. Saleh believed that "the hyperinflation that hit the Iraqi economy in the nineties of the last century added three numbers to the Iraqi monetary unit (that is, one dinar became equal to a thousand dinars, and ten dinars became ten thousand dinars, and so on for the rest of the categories), while the small categories disappeared from circulation completely, but rather Every 250 fils became equal to 250 dinars, and it was considered the smallest monetary unit in circulation today, which raised the cost of micro-transactions that mostly affect the poor. He added, "In this way, monetary systems aspire to remove the burden of historical inflation from the folds of the monetary unit by resorting to deleting three zeros from the old currency to equalize the new currency with lower numbers, but with the same value. Let's say, for example, that one new dinar is equal to 1000 old dinars without change in value or rights. Also, accounting books, statistics, numbers and computer systems are modified with the value of the new currency within an easy and easy reform strategy, and countries believe that slimming the currency system facilitates the circulation of mathematical numbers and helps to issue smaller cash denominations for very small transactions whose monetary values have been destroyed by historical inflation in our country such as the dirham and others. He concluded by saying, "The project to delete zeros in Iraq is still technically prepared by the Central Bank of Iraq, which is the official sectoral authority and the monetary authority concerned with this matter and in cooperation with all three state agencies and authorities, but the project is postponed at the present time until the appropriate conditions are achieved and remains part of the currency system reform strategies. and cash payments in Iraq. https://almasalah.com/ar/news/212092/الثقة-في-الدينار-العراقي-تتآكل-والأمل-المرتقب-في-إزالة–الأصفار
  12. Question and answer.. What are the pros and cons of deleting zeros from the Iraqi currency? And what are the conditions for that? The devaluation of the Iraqi dinar against the dollar is part of the government reforms paper (Reuters) 12th July, 2021 Iraq is witnessing a severe financial crisis that began with the outbreak of the Corona virus last year and the decline in global demand for oil, which represents nearly 91% of Iraq's financial imports. With the continuation of the financial crisis and the failure to pay the salaries of employees last year, the Iraqi government resorted to what was called the Iraqi government reform paper (the white paper), which included the devaluation of the Iraqi dinar against the US dollar, and the decision entered into force at the beginning of this year. With the rise in oil prices globally, the Iraqi government has been thinking about long-term financial strategies that may protect the country from falling into a financial crisis that may be more influential, without specifying a date for the implementation of this step. Saleh believes that deleting zeros from the currency is a necessary condition for reducing accounting numbers and facilitating arithmetic use What are the conditions for deleting zeros? Deleting zeros from the Iraqi currency requires the fulfillment of two conditions, according to Saleh. The first is price stability within the country, which means the stability of the dollar exchange rate against the Iraqi dinar, which is still witnessing relative volatility after the Iraqi government decided to raise the value of the dollar at the beginning of this year. As for the second condition, Salj adds in his speech to Al Jazeera Net that it is represented by stability in political life inside Iraq, which is what is required to change the exchange rate from laws and political consensus and so on. Why deleting? In his interpretation of the reasons for deleting 3 zeros from the Iraqi currency (a dollar is equivalent to 1450 Iraqi dinars), Saleh comments, "The importance of deleting zeros from the currency and slimming its units as a necessary condition to reduce accounting numbers and facilitate arithmetic and the cost of managing new large numbers and the absence of small numbers and fractions." He continues that the slimming of coins comes because of their role in sustaining the calculation of huge numbers of financial values that are not absorbed by ordinary computers due to the large number of decimal places and the emergence of many accounting errors, especially when dealing with trillions, which means that one number in front of it has 12 decimal places. Regarding the importance of the deletion process and the extent of its realism, Saleh indicated that the Central Bank of Iraq put a project to delete 3 zeros from the Iraqi currency the subject of research and study a long time ago, after reviewing 54 international experiences since the end of World War II until now, the last of which was in Iran and before it. Turkey. Rashid believes that the current economic situation in Iraq is not ready to delete zeros from the local currency What effects? For his part, a member of the Iraqi Parliament's Finance Committee, Ahmed Hama Rashid, confirmed that the current economic situation in Iraq is not ready to delete zeros from the local currency. Hama Rashid continued in his speech to Al Jazeera Net that this process means withdrawing the current currency denominations and printing new ones, which requires huge funds to print them with technical specifications necessary to protect the currency from counterfeiting, in addition to the fact that replacing the currency will destabilize the monetary system, which may cause successive collapses, enslaving that The Central Bank of Iraq takes such a step. A member of the Finance Committee, Jamal Cougar, agrees with this proposition by confirming that this step is excluded in the next two years at the very least for several considerations, as he believes that deleting zeros is an unworkable step, especially that changing the currency exchange rate led to a shock to the Iraqi street, and therefore Iraqis are not Prepare for another shock. In an exclusive interview with Al-Jazeera Net, Cougar points out that the Iraqi economy does not have its own decision, and that many countries benefit from the current Iraqi currency in buying and selling transactions and others. Cougar: The lower the number of currency numbers, the greater its strength among currencies in the economic perspective What are the benefits? As for the benefits, Cougar believes that the smaller the number of currency numbers, the greater its strength among currencies in the economic perspective. However, this requires strengthening the local economy inside the country and diversifying the sources of the Iraqi budget, which requires strengthening industry and agriculture as a preliminary condition for this step. And about the extent of the benefit derived from this change in restoring the Iraqi cash block hoarded by the Iraqis or smuggled abroad, he explained that the international deal in the Iraqi currency is not related to the number of zeros as much as it relates to the strength of investments inside the country and the size of the Iraqi product exported abroad. Cougar gives an example of this: Turkey, which deleted zeros from its currency years ago, has embarked on building a diverse and large economy and investments, and this is different from the Iraqi situation, whose currency is not found in global currency exchanges so far. On the other hand, Abdul Rahman al-Mashhadani, a professor of economics at the Iraqi University, believes that deleting zeros will save the state the costs of transferring the Iraqi currency between the central bank and government and private banks. Al-Mashhadani continues in his speech to Al-Jazeera Net that deleting zeros may lead to a decline in Iraqis' demand for the dollar for the sake of hoarding, as the Iraqis currently keep the dollar for ease of preservation, while preserving the same value in the Iraqi currency requires greater storage capacity, pointing out that this is conditional on printing cash denominations. A new denomination with a value higher than what is currently available was to print a denomination of 200 dinars (equivalent to 200 thousand dinars in the current currency), which requires 4 banknotes of a denomination of (50 thousand). Al-Shamaa believes that deleting zeros from the currency will not do anything for the Iraqi economy Who is the loser? In every economic equation, the profit and loss ratio is calculated, which is what the economist Hammam Al-Shamma points out that this ratio will not be equally present in the equation, warning of psychological disturbances in the Iraqi market in the event of zeros being deleted. Al-Shamma comments to Al-Jazeera Net, "Deleting zeros from the currency will not provide anything for the Iraqi economy, but rather it will cost the Iraqi state huge money to print a new currency without this having a clear impact on the local economy." Al-Shammaa points out that the competitiveness of Iraqi goods against the imported ones will not witness a positive change inside the country, especially since international transactions are mostly made in US dollars. This is confirmed by Abdul Rahman Al-Mashhadani, professor of economics at the Iraqi University, and adds that competition with imported goods depends on the local product and its strength, pointing out that Iraq does not have industries that can compete with imported goods and overcome them in terms of quality, price, and state protection for them, according to him. Returning to Ahmed Hama Rashid, where he believes that deleting zeros from the currency will not be in the interest of the government currently, inferring that Iraq has 80 trillion Iraqi dinars from multiple monetary categories, and that printing 5 trillion dinars from the category (50 thousand) cost the Iraqi government 60 million dollars At that time, the cost of the rest of the denominations will be much greater, given that printing each denomination costs approximately (6 US cents) on average, according to him. Who is the winner? In contrast to the losing party, Al-Shammaa believes that the government may derive limited benefits from deleting zeros, which is that the government and the central bank will face fewer problems in the accounting system and final accounts with limited zeros and small accounting numbers. The last proposition is consistent with what was revealed by the economic advisor to the Prime Minister that the hyperinflation that hit the Iraqi economy in the nineties of the last century added 3 numbers to the Iraqi monetary unit, while the small categories disappeared from circulation completely, as the category (250 dinars) became smaller. A monetary unit in daily circulation inside the country, which raised the cost of micro-transactions, as well as the inflation caused by the appearance of the huge numbers circulating in the accounting system inside the country. https://www.aljazeera.net/ebusiness/2021/7/12/سؤال-وجواب-ما-منافع-واضرار-حذف
  13. The issue of the salary scale and achieving justice is still a major concern 9th July, 2021 The issue of the salary scale and achieving justice in it is still the main concern for most segments of society, as it has created class differences between one group and another. At a time when members of Parliamentary Finance indicated that the salary scale in Iraq in general does not have justice and there is a great disparity between one degree to another, parliamentarians stress the importance of sending the government to a bill to amend the salary scale to the House of Representatives in order to proceed with its legislation during the next stage, while ruling out Political specialists may discuss the issue of amending the salary scale or sending a new law to it within the current government, as it is not a priority for its work. Member of the Parliamentary Finance Committee Ahmed Al-Saffar revealed that the salary scale in Iraq in general has no justice and there is a great disparity between one degree to another. And that “prices in general have risen at all levels as a result of the rise in the exchange rate of the dollar against the dinar, offset by the decrease in the purchasing value of the monthly income of the citizen in general.” , indicating, "The salary situation in Iraq requires a new salary scale, and care must be taken that there are no large differences between the lowest and highest salary. For his part, Representative Yonadam Kanna said that the government is obligated to submit a bill to amend the salary scale so that it will then be completed by the House of Representatives within the legislative procedures, while the allocations are within the powers and duties of the Prime Minister. Political researchers rule out the possibility of discussing the issue of amending the salary scale or sending a new law to it within the current government, as it is not a priority for its work.. They show that preparing a new salary scale collides with several obstacles, most notably the preparation of the budget and the financial crisis, especially after changing the exchange rate and the resulting measures which is mainly related to the distribution of job grades, so this may raise some financial burdens, which makes most parliamentary committees avoid going into the issue of preparation or adopting the issue of preparing a new salary scale. https://www.alsumaria.tv/news/خاص-السومرية/389316/بالفيديو-قضية-سلم-الرواتب-وتحقيق-العدالة-لا-تزال-ا
  14. POSTED ON 2021-07-06 BY SOTALIRAQ An upcoming operation of the Anti-Corruption Commission to remove 200 corrupt personalities Baghdad / Muhammed Sabah The Anti-Corruption Committee headed by Major General Ahmed Abu Ragheef plans to hunt down more than (200) influential political figures, some of whom are first-class leaders. Arrest decisions will be ready to pursue these wanted persons between mid-July and next August. Sources with knowledge of the government committee's moves expect that the arrest of these large heads will be accompanied by a large reaction, which may cause security chaos on the street that will push the postponement of the early parliamentary elections until April 2022. An informed political source, who declined to be identified due to the sensitivity of the situation and information, said in a statement to (Al-Mada) that the Anti-Corruption Committee led by Major General Ahmed Abu Ragheef plans to chase more than (200) people accused of corruption, indicating that there are personalities among those wanted who have already opened Their files were closed for unknown reasons. At the end of August 2020, Prime Minister Mustafa Al-Kazemi formed a permanent committee to investigate corruption cases and operations headed by Lieutenant-General Ahmed Abu Ragheef, and assigned the Counter-Terrorism Service to implement the decisions issued by this committee. The source speculates that “the files of the wanted persons will be opened between the middle of this month of July and the middle of next August,” describing this period as a coup against corruption by opening heavy files that are steeped in financial and administrative corruption. And he continues, "Half of those personalities (about a hundred personalities) of senior leaders will be chased in the coming days," believing that this will generate a reaction against these decisions, which may push the postponement of the early elections to April of 2022. Since the formation of the committee by the prime minister last August, arrest warrants have been issued against a large number of political and administrative figures, including the head of the al-Hal Party, Jamal al-Karbouli, after he assigned the counter-terrorism agency to implement the decisions issued by the committee. The corruption witnessed by Iraq is very large, and the money that was wasted ranges between three hundred and four hundred billion dollars, meaning that a large number of Iraqi politicians have already been involved in corruption deals. The source added that “the targeting of the wanted persons will be for extraordinary personalities, which is expected to leave their mass base on the street, confusing the situation and pushing to change the date of the elections,” noting that the possibilities are open to a number of options. In mid-February, the security forces arrested businessman Baha Alaa Abdul Razzaq Al-Jourani, because of his accusation of corruption in accordance with Resolution (310 BC), on a corruption case in the Ministry of Industry run by the minister affiliated with Karabila, Manhal Aziz Al-Khabbaz. The source pointed out that "among the most prominent files that will be opened, including the file of the fall of the city of Mosul in the hands of the terrorist organization ISIS, the file of killing protesters, and issues related to wasting money and exploiting positions," adding that there are files that will appear in a striking way, such as security files that mean the involvement of influential figures. Security forces concerned with corruption and other files.” And last December, Prime Minister Mustafa Al-Kazemi vowed to pursue all the corrupt in order to achieve the financial reforms he called for, stressing that his government will reveal “major facts” regarding corruption in the year 2021. In turn, Saleh Mahdi al-Hamashi, an expert in economic affairs, considered in a statement to (Al-Mada) that the extent of rampant corruption in the Iraqi state is greater than the capabilities of the Anti-Corruption Committee, indicating that corruption exists even in the Council of Ministers and all or most institutions. Successive Iraqi governments have spent since 2003, amounts estimated at one thousand trillion, including the budgets of the operational and investment ministries, where huge funds were wasted in contracting cases, as well as corruption that was rampant in most of the contracts contracted by these ministries and governorates, in which some of the political blocs were involved. . Al-Hamashi believes that “fighting corruption in Iraq requires international assistance because of the presence of large and influential mafias that have become infiltrated in all joints of the state, run by influential political entities,” believing that the Anti-Corruption Committee can limit corruption, not eliminate it. Efforts to eradicate corruption require electronically converting all transactions of citizens and employees to get rid of the process of direct communication between the citizen and the employee, in addition to the fact that corruption operations also come from imports, which annually amount to more than (50) billion dollars, so it is assumed that the tax side should be activated on these Incoming goods whose value is between eight to ten billion dollars, while the natural reality of the state does not exceed two billion dollars, and therefore there is a difference of six billion dollars. The economic expert adds that "despite the formation of the government committee, corruption is growing and growing, and no force can stop it," noting that there is news we hear about, and we have not seen the arrest of those accused of financial and administrative corruption. https://www.sotaliraq.com/2021/07/06/عملية-مرتقبة-للجنة-مكافحة-الفساد-للإط/
  15. Al-Kazemi calls on the European Union to raise the name of Iraq from the high-risk countries June 30, 2021 This came during Al-Kazemi's meeting with European Commission President Ursula von der Leyen, at the headquarters of the Commission, as part of his official visit to Belgium, according to a statement by the media office of the President of the Council. During the meeting, Al-Kazemi expressed Iraq's aspiration to support the Union in the field of reconstruction of the cities that were liberated from ISIS and to fulfill the pledges of the Kuwait Donors Conference in 2018, in the field of reviving infrastructure and providing services at a level befitting the Iraqi citizen. Al-Kazemi referred to the efforts made to remove the name of Iraq from the European Commission’s list of countries with a high risk of money laundering, and his call to form a committee to coordinate between the two parties in this regard, to support the government’s efforts to fight corruption and recover and prosecute smuggled funds in European countries. The Prime Minister praised the government's efforts in attracting investors and facilitating their work in Iraq, calling on the European Commission to support these steps and support Iraq's trend towards financial and economic reform. https://www.mubasher.info/news/3825749/-الكاظمي-يدعو-الاتحاد-الأوروبي-لرفع-اسم-العراق-من-الدول-عالية-الخطورة/
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