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4 hours ago, navira45 said:

Pokerplayer, I have read all the articles as there are available...and tie them all up...and come up with the conclusion. I don't like to point them all up one by one cause iam only using an iphone..and it's time consuming for me. This thing will hit as the news that came out lately especially from the CoM and the CBI will get u on the edge of ur seat (sorry had to use the line from Adam).

That was a good line though.  

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POSTED ON 12/04/2018

 Dr.  Abdel Moneim El Sayed Ali * and Dr.  Hilal Ajami Jamil Al Janabi ** Introduction: Farouk Younis Introduction I thank the Editorial Board of the Iraqi Economists Network for publishing excerpts from books I see [...]
 Dr. Abdel Moneim El Sayed Ali * and Dr. Hilal Ajami Jamil Al Janabi **
Presented by: Farouk Younis
 
entrance

I thank the Editorial Board of the Iraqi Economists Network for publishing excerpts of books I see useful to readers. Mohammed Alireza Al Jassem: Credit and Banking in Old Iraq , and Stephen Hommely Lunkerick's Modern Iraq from 1900 to 1950 . I am now pleased to present foreign exchange quotes and definitions from Dr. Abdel Moneim Al Sayed Ali and Dr. Hilal Ajmi Jameel Al-Janabi, International Monetary Relations (Dar Al Kutab for Printing and Publishing, University of Mosul, 1992)

 

Extracts from the fourth chapter - the second section - foreign exchange rate definition and regulations.

 

Farouk Younis ***

 

Foreign exchange rate definition and regulations

 

- One of the most important problems facing the economic processes linking the various countries is the problem of the relationship between the national currency and other foreign currencies and the foreign exchange rate refers to the number of national currency units that require payment to buy one unit of foreign currency. The foreign exchange rate links prices to two different countries and is the standard by which all prices are translated.

Continue reading Please download the PDF file for easy printing. Click the link below

Foreign exchange rate - liberated

 

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
 
 Definition and regulations of the foreign exchange rate - Excerpts from the book of international monetary relations. Abdul Moneim Al-Sayed * and Dr. Hill Ajam Jameel Al Janab ** Presented by: Farouk Younis
 
I would like to thank the Editorial Board of the Network of Senior Economists for the publication of excerpts from books that I have read. Mohammed Alireza Al Jassim: Credit and Banking in the Old Qura'an, and Stephen Hommelie Lunkerquek's Book: The Modern Hadith of the Year. I am now pleased to present extracts on the foreign exchange rate from 1950 to 1900, its definition and regulations from the book of Dr. Abdel Moneim El Sayed Ali and Dr. Hela Ajami Jamil Al-Janabi (1992 International Monetary Relations)
 Extracts from the fourth chapter - the second section - foreign exchange rate definition and regulations.
 Farouk Younis ***
 
 Defined and its foreign exchange rate systems
 
- One of the most important problems facing the economic processes linking the various countries is the problem of the relationship between the national currency and other foreign currencies and the foreign exchange rate refers to the number of national currency units that require payment to the representative of one unit of foreign currency. The foreign exchange rate links prices to two different countries and is the standard by which all prices are translated.

- Any exchange of goods and services must entail an exchange of currencies of exporting and importing countries, whether exchanged directly or through bilateral or multi-frame settlements.
 - In principle, the foreign exchange rate of the national currency is determined by the supply and demand forces of foreign exchange.
 
- Foreign exchange is an international currency or a group of international currencies held by the country as a reserve and a purchasing power acceptable to the international level in the settlement and facilitation of payments resulting from economic relations, whether current or capital - ie exports, imports and movement of capital. Export and investment operations abroad or through the exchange of international interest, and the so-called exchange market plays a role in all these operations.
 
The foreign exchange market refers to all transactions related to currency exchange. This consists of the monetary institutions that perform the market acceptance function. The market consists of three elements: banks, loans and various loans to the various economic units, and the stock exchanges, where they are sold. , Foreign currency sale and foreign exchange. - The foreign exchange market facilitates the settlement of international payments resulting from current transactions and fees for the settlement of the different rights and the city in one where this market serves the function of transferring the purchasing power between the debtor and the debtor countries in the international field through telegraphic transfers, bank transfers and promissory notes.

This position is the function of transferring the purchasing power between the exporting and importing countries. Therefore, the national source obtains the value of its exports in the national currency from the foreign importer through the clearing. This market also operates interbank function on a bilateral basis or on a multi-pronged basis, providing credit facilities at the international trade level Through banks that deal in foreign currencies.
 
- The foreign exchange market has the function of balancing the exchange rates of national currencies in different places in the absence of profit from the sale and exchange of currencies in the cash markets and achieved these currencies in a place where it is cheap through a relative and reselling in the place where it is high The price.
 
- Fluctuations in national currencies create risks for debtors and debtors in one and these risks can be avoided through hedging operations in the futures market.
 
The international exchange system witnessed two types of foreign exchange rates: fixed exchange rates and flexible exchange rates. Between these two types there are multiple exchange rates, some of which are close to fixed exchange rates and the other part of flexible exchange rates.
 
The philosophy of fixed exchange rates is based on the stabilization of national currencies to a specific exchange base. Often gold or a convertible currency is converted into gold or fixed values are determined for national currencies so that their prices do not deviate from the base of the irrigation installation except within the permissible limits. Full conversion capability between different currencies to facilitate settlement

 Multilateralism and the elimination of restrictions on trade, exchange and international payments aimed at achieving economic growth, growth and expansion of international trade.
 
Several fixed-rate proponents of this system have cited the promotion of the expansion of international trade and investment and the efficient specialization of economic resources as a result of their exclusion from the risks of foreign exchange surrounding the various international transactions and the elimination of trade restrictions and the movement of factors of production among the States involved in the system, It has a larger trade and a broader movement for those factors. Next increase the level of investment and production globally
 
However, this system has not been denied many criticisms that fixed exchange rates are a constraint on the free use of domestic economic policies as these policies will be subject to the external conditions of balance of payments - fixed exchange rates increase the need of central monetary authorities to international reserves.
 
The fixed exchange rate regime, which can be adjusted for gold and dollar exchange as a basis for liquidity, has failed to provide a steady increase in state reserves to keep pace with growth in international trade and payments.
 
(Exchange rates are determined by the interaction of the forces of supply and demand on the basis of flexible exchange rates). In this case, the balance of free national currencies in the foreign exchange market is achieved by means of the mechanism of change in the exchange rate without requiring deliberate intervention by Monetary authorities.

The main advantage of this system is the freedom of governments to use domestic economic policy tools that payments can affect the local economic situation. In order to achieve their national goals without allowing the advantage and the flexible exchange rates contribute to reducing the need of central banks to maintain foreign reserves in order to maintain the external balance as long as the flexibility of the foreign exchange exchange rate can achieve a large achievement that payments from payments where the imbalance in the balance can be addressed Change in the value of the national currency without requiring an increase in foreign reserves. Flexible exchange rates isolate the domestic economy from external inflation and deflation.
 
(**) Associate Professor and Rays Finance and Banking Department, Faculty of Economics and Administrative Sciences, Al-Bayt University, Jordan *** Former expert at the Baghdad Chamber of Commerce.


 Copyright © The Economists Network. Reproduction is permitted provided that reference is made to the source. 1 2018 Nissan 2 http://iraqieconomists.net/en/

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Iraq enters electronic banking to catch up with global development

story_img_5aa8b4a0aeb31.jpg 

 

13th April, 2018

The advancement of payments is the most important steps to develop financial systems in Iraq and catch up with developments in the payment systems in the developed world.

 

The Central Bank of Iraq is taking serious steps to move to make public and private payment systems electronically managed.  The bank stressed its desire to develop electronic payment mechanisms in line with global developments and to spread advanced payment technologies in all areas of Iraq without exception, including all transactions for the public and private sectors. 

He pointed out that the past days witnessed the organization of a workshop in the province of Maysan addressed the importance of moving to a system of payments developed, as well as the activation of points of sale targeted various segments of the community of the employees of the province and some of its departments, as well as traders and owners of big markets (Malls), restaurants, hotels and others to activate the subject of points of sale And in cooperation with the province of Maysan.  He pointed out that the audience listened to a detailed explanation on the importance of resettlement and the mechanism set by the Central Bank to implement the decisions of the Council of Ministers.

The Governor of Maysan Ali Douai, during his speech at the opening of the workshop on "the importance of this step to be followed by a review of the status of the province in the settlement of salaries of employees," stressing "the freedom of the employee to choose according to his wishes based on the benefits provided by each bank and during the next week will choose all Employee of the bank who sees it fulfills his wishes to be followed by agreement with those banks and start settling salaries, declaring that he is the first to settle his salary in banks. 

All banks presented their offers to the staff of the Diwan and other departments associated with the governorate and other departments.  It has become increasingly necessary to catch up with global developments, especially in the financial sector, which has adopted advanced systems benefiting from technological developments in the world, because it is commensurate with the requirements of the implementation of work, which has reduced the time and effort much more than before. And that the transfer of salaries and disbursement through electronic payment is important and a positive shift to achieve great benefit to the national economy and maintain a large proportion of liquidity within the banking system.  Work is being done to make electronic payment mechanisms through the Central Bank of Iraq. 

The director of training and management in the Association of Private Banks Ahmed al-Hashemi, "the importance of the direction of banks towards electronic banking and information technology, and be dealt with in a precise manner that leads to the completion of financial operations according to the requirements of the customer of different, and thus we have to offer competitive products provided regionally." 

He stressed that "global companies and the requirements of reconstruction require sophisticated technology, and Iraq is able to possess technology to produce sophisticated products, especially after the victories on the preacher and the terrorist approach to develop the private sector technology in the detailed human resources."
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9 hours ago, DinarThug said:

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Iraq enters electronic banking to catch up with global development

story_img_5aa8b4a0aeb31.jpg 

 

13th April, 2018

The advancement of payments is the most important steps to develop financial systems in Iraq and catch up with developments in the payment systems in the developed world.

 

The Central Bank of Iraq is taking serious steps to move to make public and private payment systems electronically managed.  The bank stressed its desire to develop electronic payment mechanisms in line with global developments and to spread advanced payment technologies in all areas of Iraq without exception, including all transactions for the public and private sectors. 

He pointed out that the past days witnessed the organization of a workshop in the province of Maysan addressed the importance of moving to a system of payments developed, as well as the activation of points of sale targeted various segments of the community of the employees of the province and some of its departments, as well as traders and owners of big markets (Malls), restaurants, hotels and others to activate the subject of points of sale And in cooperation with the province of Maysan.  He pointed out that the audience listened to a detailed explanation on the importance of resettlement and the mechanism set by the Central Bank to implement the decisions of the Council of Ministers.

The Governor of Maysan Ali Douai, during his speech at the opening of the workshop on "the importance of this step to be followed by a review of the status of the province in the settlement of salaries of employees," stressing "the freedom of the employee to choose according to his wishes based on the benefits provided by each bank and during the next week will choose all Employee of the bank who sees it fulfills his wishes to be followed by agreement with those banks and start settling salaries, declaring that he is the first to settle his salary in banks. 

All banks presented their offers to the staff of the Diwan and other departments associated with the governorate and other departments.  It has become increasingly necessary to catch up with global developments, especially in the financial sector, which has adopted advanced systems benefiting from technological developments in the world, because it is commensurate with the requirements of the implementation of work, which has reduced the time and effort much more than before. And that the transfer of salaries and disbursement through electronic payment is important and a positive shift to achieve great benefit to the national economy and maintain a large proportion of liquidity within the banking system.  Work is being done to make electronic payment mechanisms through the Central Bank of Iraq. 

The director of training and management in the Association of Private Banks Ahmed al-Hashemi, "the importance of the direction of banks towards electronic banking and information technology, and be dealt with in a precise manner that leads to the completion of financial operations according to the requirements of the customer of different, and thus we have to offer competitive products provided regionally." 

He stressed that "global companies and the requirements of reconstruction require sophisticated technology, and Iraq is able to possess technology to produce sophisticated products, especially after the victories on the preacher and the terrorist approach to develop the private sector technology in the detailed human resources."

Big step in eliminating corruption or at least minimizing it.  

Thanks Thug. 

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2018/4/14 03:26:39 PM 
The file of the ration card of the files important and influential in the life of a large segment of Iraqi society as touching their lives directly and relates to the standard of living, but this file complains of the obstacles and many problems, including the large shortage of card titles, despite the allocation of large funds in the federal budget during the past years .
According to experts in the financial and economic affairs, Iraq has spent more than 70 billion dollars since 2003 and so far on the ration card file, which shrunk to four items only after it was about 10 items before 2003.
The specialists attributed the reason for the reduction of materials in the card despite the allocation of funds, which are estimated annually about 5 trillion dinars to financial corruption in the absence of oversight and accountability, because there are political parties benefiting from this file.

As a result of the chaos experienced by Iraq in the financial and monetary policies, the International Monetary Fund recommended Iraq to take remedial measures to correct the course of some financial matters in order to support the Iraqi economy, including reducing operational expenses in the federal budget and increase investment expenditures as well as review of projects funded by the government, including ration card .

A source familiar with the Ministry of Commerce, earlier, the intention of the Iraqi government to cancel the ration card in response to the conditions of the International Monetary Fund to "reform" the Iraqi economy, indicating that it will be applied formally after the general elections scheduled for May 12 next May.

The source said that "the government of Prime Minister Haider Abadi agreed to cancel the ration card final this year, as part of a series of conditions set by the International Monetary Fund aimed at reforming the Iraqi economy and integration of the global economy and facilitate access to loans with soft benefits to bridge the budget deficit Because of the continuing decline in oil prices. "

He explained that "the matter has become a certainty, but the announcement of this step will be after the next election to avoid stirring the Iraqi street, which used to rely on the ration card as a source of strength for nearly three decades."

The Committee on Economy and Investment in the Iraqi parliament, the conclusion of Iraq agreement with the International Monetary Fund included a set of points aimed at reforming the financial and economic system in Iraq.

The committee member Najeeb Najib told (One News) that "the reforms of international monetary aims to reduce operating expenses and increase investment expenditures and the cancellation of some projects funded by the government directly, including the ration card," pointing out that "the federal budgets before 2015 was allocated more Of 5 trillion dinars ration card but because of the financial crisis has been reduced the amount allocated to about one trillion and 500 billion dinars in the budgets of 2015, 2016 and 2017, but the money did not all of them, because of the financial crisis that hit the country, which led to a severe shortage of vocabulary Ration card".

She added that "the ration card needs to be reviewed and make implicit reforms in terms of covered and deserving and the quality and quantity of materials in them, as there is double registration and many errors skew this file," indicating that "the reform of this file and not cancel it will provide substantial funds for the state can be used In other projects. "

Najib pointed out that "Iraq after 2015 reduced the import of a lot of ration card items, especially materials (flour and sugar), where Iraq depends 100% on the domestic product as well as oil by a large proportion, except rice, which Iraq still imports more than what is inside "He said.

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The member of the Committee on Economy and Investment MP rejected the resort of the federal government towards the abolition of ration card because it has been canceled in previous years and there was a big uproar in the street and demonstrations, which prompted the government to reconsider its decision, because it affects a large segment of citizens, especially those suffering from poverty.

And estimated what Iraq spent on the ration card after 2003 about 70 billion dollars, but it still suffers from a large shortage of materials.

"The issue of ending the ration card has not come from the government, but what exists under the terms of the IMF is that the card is converted in cash and not in kind, to reduce corruption and rationalize consumption, and this will increase the tendency," said Ahmad Haji Rashid, a member of the parliamentary finance committee. Marginal to savings and reduce the marginal tendency of consumption, which will benefit the citizens. "

"The government spends billions of dinars in order to bring food to citizens. In one of the statistics, the value of one dollar of goods costs the state about $ 30 to reach the final consumer," he said.

He pointed out that "the size of the amounts allocated in the budgets of the previous ration card is very large as it was monitored in the budget of 2015 about 5 trillion dinars and then dropped to 2 trillion and 15 billion dinars and has been reduced in recent years because of low oil prices because the country is based on the revenue of rent, .

According to the experiences of the United Nations in a number of countries, it may be better to cancel the ration card in Iraq and the distribution of cash allowance with the identification of the categories covered by the cancellation of the families of the affluent and businessmen and others.

According to sources in the United Nations spoke to (One News) that "ration card is one of the means of social protection of the layers are at risk of poverty and hunger, the government to provide support to them, if converted to cash allowance will serve these segments and raise their standard of living," pointing out that " "The United Nations has changed its scientific policy towards Iraq, which previously provided assistance such as seeds and others, but stopped it."

The sources added that "the monetary allowance will reduce the chances of corruption rampant in the ration card file, as well as it will contribute to moving the Iraqi market and encourage the local product and encourage the Iraqi farmer to agriculture and put its food products to the market in light of the growing demand, which will generate a large economic movement in the country" .

As for the economic expert Salim al-Bayati has had another point of view as he stressed that in the event of cancellation of the ration card will ignite the Iraqi market and revive food traders because most of the consumables are imported.

"The issue of the ration card is part of the economic policy of the state. The process of keeping the card on its components and its components is no longer an issue in Iraqi economic policy because of the absence of a government economic compass and vision," al-Bayati told The News.

He added that "despite the poverty of the card and its weakness, but the cancellation may affect the price of the market and consequently there is no control over prices and the absence of a state can balance the market, which will affect many families, especially below the poverty line, especially flour, sugar, rice and oil, Traders, "noting that" there is a difference between the compensation of the material and compensation of the price when the material is compensated by the price will increase demand for the market on the materials and therefore prices will rise. "

The ration card system was adopted in Iraq following the issuance of UN Security Council Resolution 661 of 6 August 1990. 90% of Iraqi families depend on this card fully, and the remaining 10% (partially high wage earners) depend on it.

The ration card bears the name of the family's breadwinner, the name of the camp and the alley, the number of family members, the name of the distribution agent in general and the flour distribution agent in particular.

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IMF / and its infamous conditions ?!
  Abdul Jabbarnouri
The International Monetary Fund (IMF) is a specialized agency of the United Nations system established under an international treaty in 1944 to promote the safety of the global economy. The IMF is headquartered in Washington DC and is managed by its members representing nearly all the world's 189 countries. -Encouraging international cooperation in the monetary field, facilitating international trade, stabilizing the exchange rate, strengthening confidence among international banks, and the sources of its funds from the partnerships of these countries in the form of profit-taking interest rates from the rates of interest added on international loans (Official website of the International Monetary Fund Z - Adapted in Arabic).

Iraq was in the arms of this black box. The meeting of the experts of the International Monetary Fund and the Iraqi authorities in the Jordanian capital of Amman was held on November 17-21, 2017. The aim of these meetings was for more than a week to reach the so-called international "credit readiness" Preparing for the 2018 budget to be parallel and consistent with the credit readiness that is the key to the satisfaction of the International Monetary Fund, and the refusal of the International Monetary Fund for the federal budget for the year 2018, which voted by the Iraqi Council of Representatives in passing recently, and the responses of the Fund on the rejection are:

1 - Iraq is required to implement a set of conditions, including the abolition of jobs, and not add financial burdens on the budget.

2. The Fund refused to include the Government in the budget by approving the contracts and reviving their contracts.

It seems that the decisions of the parliament and the government was accelerated for the pre-election propaganda, and after the implementation of the terms of the fund, the infamous infamous Iraqi parliament approved on Saturday 3 March 2018 budget of the country, which amounted to $ 5-77 billion dollars with a financial deficit of $ 11 billion amid the province of Kurdish MPs Oppose the reduction of the proportion of the region in the budget from 17% to 5-12%, and the repercussions of slavery hardness of the conditions of the Fund is the candid intervention of some things sovereignty by the exercise of international pressure and do not like the pressure may be from America or Britain, as shown before writing a draft project Budget for 2018 a The government was required to pay 10 trillion dinars to the government of the region to dismantle the financial crisis and the dismantling of the demonstrations of the Kurdish street demanding their rights in their monthly salaries and cut long ago under the pretext of compulsory savings.

The arbitrary conditions of the International Monetary Fund ?!

And the budget deficit is the one that pushed Iraq into the arms of the International Monetary Fund and succumb to its arbitrary and painful conditions under the pretext of the decline in the price of a barrel of crude oil to less than 40 dollars since 2011 and subsequent years the Fund agreed to lend Iraq 4-5 billion dollars and over three years and these conditions:

- Payment of all the late dues of the foreign oil companies operating in Iraq since 2016. 2. The term of the loan over three years.

- Includes the terms of economic reforms in Iraq, which include an increase in taxes, customs duties, electricity fees and banking supervision in the fight against administrative and financial corruption and money laundering.

- Under pressure from these arbitrary conditions, the government has been subjected to austerity and taxation that inflames prices leading to chaos and social and economic confusion.

- The reduction of support for goods that were supported by large proportions, which was the consequences of this condition is harassment of the bread of the citizen raised the support for bakeries, where he reached 100% instead of taking four cents a thousand dinars, taking only two.7 - Freeing the prices of all types of gasoline, black and white oil and liquid gas. 8. Increasing the prices of civil services, primarily electricity and communications, in preparation for their complete liberalization, selling state assets and implementing privatization program in most service areas such as privatization of electricity, water and sewerage. 10- Pressure on the civil service law, through which hundreds of thousands of employees of the administrative apparatus of the state are dismissed.

- Floating the local currency *: Instead of recommending to address the reasons that led to the budget deficit, it resorted to the most insidious methods that is floating the local currency, or the treatment of the single-rent economy based on the sale of oil by 97% without providing an extensive study or encourages We have not found a true plan by the International Monetary Fund to increase the production of the country's exports which suffer from problems and financial and economic crises and calculate the country's income from foreign exchange. We have not seen a plan in the fight against corruption, poverty and unemployment. We have not heard from a S The decision of the Fund on the seriousness of the failure to separate the state budget and personal budgets bank in foreign banks, and did not address the disasters and tricks of the Central Bank in the process of "sale auction currency" exposed under the cloak of owners of private banks and some of the government in the laundering of billions in public and the issuance of hard currency, even on Calculation of the monetary coverage of the assets of the Central Bank.

And that this deficit and the waste of public and random money in economic programs can not be attached to the International Monetary Fund as much as it is necessary to reveal the real and real in the government's policies and mismanagement is what prompted the government to resort to the International Monetary Fund, and the dark war of darkness inevitably seems a war of exhaustion burned the land And the green in the numbers of billion and terrifying, and the year 2011 and 2013 and the decline in the price of a barrel to less than $ 40, and inevitably due to government setbacks in poor financial management and lack of planning and do not forget that the one who will pay the bill of these pitfalls is the citizen, Out of the octopus networks and twisted mazes to the influence of the International Fund is not easy , but it will take many years and lean.

Causes of Disability and Indemnity:

The lack of tax and customs controls on imported goods, the fact that border ports and some airports are not subject to the authority of the central government, the limited contribution of the industrial and agricultural sectors to the development process, the contribution of industry may be 1%, agriculture 3% The absence of the investment factor in the country in general, bureaucracy, nepotism, nepotism, administrative and financial corruption, the rise of monetary inflation indicators due to the economic recession, unemployment and poverty, the heavy legacy of the former regime in the economy exhausted by the wars of absurdity and indebtedness Heavy for the neighbor of Kuwait, which resulted in Iraq under the seventh item that black hole that swallowed billions of funds of the Iraqi people, which has no strings attached to it, and the absence of national allegiance and the abandonment of allegiance to the sectarian and sectarian and partisan, which was the victim of the Iraqi economy, which is the permanence of crises on the Iraqi citizen.

Description of the "summary" of the miserable situation of the Iraqi economy for a decade and a few years is poor ?!

- The percentage of dumping in the market system of 95% that hit the internal industries completely paralyzed the private and public sectors. The open market policy has also flooded Iraq with cheap and perfumed goods, and perhaps the big one is carcinogenic and polluted, as long as the consumer lacks market culture and his followers are obsessed with buying.

- The decline in the foreign exchange of the assets of the Central Bank, which is considered a cover for the local currency.

- The country is a state of rent and remains hostage to natural rents. Economic activities that contribute to budget revenues disappear. The disadvantages of the rent economy are the state ownership of capital surpluses. The bureaucracy tries to make public tunnels under these twisted circumstances, The development of the economic and social system, and the disaster of the rent economy that it injects large sums of money and is used by the government (as a drug) to absorb the anger of the street, while the other side leads to the encouragement of import and expel hard currency obtained by governments from oil, The price of crude oil fell from $ 110 per barrel to less than $ 41 per barrel. The negatives of the economy were not political, economic or social, but included the ethics of working in the spread of dependence The administrative apparatus, dominated by bureaucracy, and often dominated by inherited dictatorships, has grown in the Gulf States for family control of wealth.

- Money laundering phenomenon Money Laundering common and daily in the currency auction of the Central Bank, that the modern formula alternative to the hidden economy or black economies or shadow economies, these illegal funds earned from bribery, embezzlement, commercial fraud and counterfeiting money and rewards of espionage activities and theft and looting of public funds and facilitate prostitution and drug trafficking The smuggling of oil, the smuggling of antiquities, the smuggling of children, the trafficking of human organs, the gambling clubs, the manufacture of narcotic plants, the kidnapping and the detention of persons, the mixing of legitimate funds to hide their source of haraam and the removal of legal accountability after shading Security agencies.

Finally, there is no real solution or magic wand in tackling the problem of this clinically sick economy because it is a moral issue

Unfortunately, this moral system has been sabotaged by the arrogant and aggressive American occupier, and we must not be taken aback by these socio-economic phenomena, which are shaken and subject to a high-speed digital electronic system that connects these Iraqi and regional mafias, and even international ones, in a spider web with the help of lame American democracy. I say: These terrifying mafia mafias are protected by (some) political decision makers or so-called power monsters !!! !!! ??? , And this economic randomization and planning is not planned or programmed or systematic even according to the theories of the market (Araba) participatory rational or benign, which led to the chaos of internal security and external loss of confidence between the public and the government, which facilitated the penetration of the homeland by gangs unjust cross-border and the Iraqi people paid their bills And that the development of the Iraqi economy in all its productive and service sectors depends on the dismantling of the economy mono or rent, and the propagation of a culture of loyalty to the homeland and not to belong Category

Floating the local currency is to make the exchange rate completely free from the authority of the state and the central bank. It is automatically approved in the currency market through the supply and demand mechanism,which is a tragic condition when cash is at the mercy of greedy whales. The central bank has disastrous consequences for poverty, unemployment and overpriced costs.

Margins

Samir Shaaban / money laundering crime 2016 /

International Monetary Fund (IMF)

Iraqi writer and political analyst based in Sweden

On 13 April 2018

Editor Website:2018 - 04 - 14[\b]

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Edited by DinarThug
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7 minutes ago, DinarThug said:

Floating the local currency is to make the exchange rate completely free from the authority of the state and the central bank

 

Isn't this what Kap has been saying all along? 

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D. The appearance of Mohammed Saleh *: Debt swap by nature

POSTED ON 14/04/2018

It is a beautiful island located just off the south east coast of the African continent. It is naturally soft and protected by its reserves. It has a biologically diverse 80%
It is a beautiful island located just off the south east coast of the African continent. It is naturally soft and protected by its reserves. It has a biologically diverse 80% of the world's natural and vegetative system, which is unlike anywhere else in the world. Madagascar is a lucky day to put my feet on Its land in the seventies of the last century to be given by Iraq at that time a few loans of oil surpluses before it ran out in failed wars did not reach the ends until recently.
It is a bright and reassuring country that suggests to you that it is looking for a sweet but mysterious security in its future. Its natural reserves, such as the Shatha, are deep in the refreshing Indian Ocean and occupy the center of the world's fourth largest island on the geopolitical ladder. But the vast majority of its 23 million people are below the poverty line and its annual gross domestic product is only 10 billion dollars, while its debt to foreign countries and international banks is about 3 billion dollars.
To continue reading please download a simple PDF printable file. Click Next link

Mudher M. Saleh-Swapping debt against protecting biodiversity-final

 

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D. The appearance of Mohammed Saleh: * Debt swap nature
 
It is an enchanting island located just off the south east coast of the African continent. It is a soft, nature-rich part of the natural system. 80 It has a biologically biologically protected reserve that has a variety of plant and fauna in the world and which has no parallel elsewhere in the land. Madagascar Island I came home in the seventies of the last century to be given by Iraq at that time a few loans of oil surpluses before running out in failed wars did not reach the ends until recently.

It is a bright and reassuring country that suggests to you that it is looking for a sweet but mysterious security in its future. Its natural reserves, such as the Shatha, are deep in the refreshing Indian Ocean and occupy the center of the world's fourth largest island on the geopolitical ladder. However, most of its 1 million people are below the poverty line and the gross domestic product (GDP) now stands at only $ 10 billion, while its debts reach foreign countries and banks. $ 3 billion globally

My host said at the time that these enormous roses in their density, varied in color and fragrant, with their beautiful smell, and they form their weakness, the flowing energy of a refreshing, creative and creative spirit that finds its way into the international export markets and reduces its revenues from the poverty of your country? "That's Madagascar," replied the lady, as she stepped into her board and smoothed her face with a light smile

Is the main source of flowers and rare flowers in East Africa and destined to factories of the West and that my perfume Juices are the source of pleasure luxury classes wherever they were in this world ... but remember .... my misery !.

  I was looking forward to the redness of a disk in the sky, indicating that the sun of Madagascar was in the dark, withdrawing its gold threads from trees that did not lose their diversity at the time for killing pesticides and sterile seeds of genetically modified reproduction. Madagascar's main resource remained diversity Which accounts for 92 percent of the country, while reptiles account for about 98 percent of their land.

 Of the country's population lives below the poverty line, which has pushed the population 71 while the disadvantaged forces continue to consume biological diversity for survival. This constitutes the biological diversity of food, medicine and housing. Thus, the rich biological diversity of a coherent ecosystem is considered as a source of living organisms From the plant and animal to a healthy life. Thus, the ecosystem is an accurate gathering of an indicator and other organisms, such as a dynamic assembly whose components interact in a very accurate and balanced system until they reach a state of stability. Any imbalance in the ecosystem may result in destruction or destruction of the system.

The world has realized that the expansion of poverty in Madagascar will lead to the destruction of the ecosystem in one world. The western countries that make Madagascar the only country that is one of the largest reserves are diverse and environmentally unique with a legacy of extinction. But it remains to be seen whether there are possible solutions to save Madagascar.

The answer is yes, it is a project to swap foreign debts of Madagascar for the preservation of nature. It is customary to swap foreign debt of foreign owners for shares or assets in the interests of internal companies and other property rights.

But it is noted that the Madagascar model was taken, In contrast to preserving nature and sustaining diversity, it is different from the biological pattern.

As a result of the large number of private and governmental organizations and expressed their desire to provide funds for the protection of the environment. The most remarkable examples of this is what was done by the Global Fund and works in the 1961 issues of nature (an NGO established in Switzerland since the year to preserve biodiversity and restore the environment) The Fund used an amount of about one million dollars donated by the Dutch Government to extinguish debts to the Government of Madagascar and according to the following mechanism: WWF approached external debtors in the capital market with debts owed to Madagascar and replaced Of $ (one million dollars). In return for debt to the government of that country ($ 2 million) in cash

The Fund then made a presentation to the Central Bank of Madagascar requesting payment in local currency and for forest protection projects, equivalent to one and a half million dollars. WWF continued to protect forests and train farmers throughout WWF, Years. Between the year. 13 million dollars owed by Madagascar

I immediately recovered from the memories of the palm forests, which were ignited by the past wars and demanded by vandalism to uproot the biological diversity from the edge of the mountain to the cohesion of the rivers. I thought to myself that life is a field of conflict longed by grief and indifference,

The Phoenix The Palm Today is growing at its whim and I am flying in a tornado and the sky is raining contradictory desires I answered my voice without beating my face with emotion: "We will not give up to despair and that the days will not come when the palm of the south of my country and the sun shines sunrise over its fields, Powerful shovels strike the ground and blow life.

(*) Financial Adviser to the Prime Minister of Iraq
 
The right of publication is maintained by the network of Iraqi economists. Redeployment is permitted provided that reference is made to the source.
http://iraqieconomists.net/en/

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A decade and a half of the decade of April 2003 towards a better Iraq
35513%D8%BA%D8%B1%D9%8A%D8%A8.jpg
Mohsen Dhafer Al Gharib

 

A decade and a half of the decade of April 2003 towards a better Iraq

-----------------------------

Openness to the international community and regional Iraqi governments were able to emerge from isolation and re-membership in international organizations and resolutions of the United Nations and the Security Council and normalize relations with Iran and the Gulf and Kuwait and the payment of compensation and investment in the "reconstruction conference of Iraq" and correct the budget of the provinces of northern Iraq in installments with other sisters.

 

Reforming the National Assembly by direct election and declaring a draft Iraqi constitution by a majority referendum along the "democratic homeland" from FAO to Zakho.

 

Adopting the principle of separation of the three powers;

 

The people of all walks of life conduct their religious activities according to the constitution, the right to freedom of civilizational expression and peaceful demonstrations against the government's policy, while maintaining the security and public property.

 

An elected parliament for four calendar years, which will result in a parliamentary majority government in accordance with a peaceful rotation of sovereign power.

 

Reducing the poverty rate from 85% to 21% and boosting the purchasing power of about 75% of the population by about 20 times the base year.

 

The return of the Philistine Kurds to their homes and properties and compensates the state for them. To re-consider political prisoners as communists, secularists, nationalists and Islamists, to compensate them materially and morally, to establish their own institution, and to re-consider the victims of the Baath, constitutionally and legally prohibited, as an official institution to care for the families of communist martyrs, Islamists, nationalists, Turkomans and elephants.

 

Issuance of the Law on the Return of Political Detainees and the return of hundreds of thousands of Iraqi citizens to their jobs for political reasons and the calculation of their services for purposes of retirement, allowances and promotion. Construction of residential complexes to citizens, the model of the city of Basmah hundred thousand housing units with investment licenses for the construction of residential columns in the capital Baghdad and the provinces.

 

The establishment of power plants in the provinces and raise the overall energy in Iraq from 3750 megawatts to 16 thousand megawatts with rationalization and improve and reduce the cost of the Internet from nothingness by moving Iraq from the monopoly of the state media and the existence of three channels only represent the opinion of Saddam to dozens of satellite channels and dozens of radio stations and newspapers and websites Represent the views of individuals, ethnicities, parties and organizations, and a complete freedom that is almost unmanned and under the supervision of an independent media and communications body and journalists who cooperate with the judiciary in regard to publishing violations.

 

The Ministry of Health opened the hospitals and hundreds of health centers and expanded the old hospitals and equipped with the latest equipment from the best European origin. In 2003, the net water production in the center of Baghdad was about 1000000 m3 in 2017 was 4000000 m3 at the rate of 400% and the provinces included water projects and the establishment of new water networks in cities, villages and rural areas.

 

The increase in the percentage of sewage network from 6% in 2003 to about 46% in 2015 and projects are stalled due to low oil prices and seeking alternatives. The Ministry of Housing, Reconstruction and Municipalities built dozens of bridges, bridges, new government buildings and tunnels, opened thousands of new roads in villages and rural areas, covered streets of cities and created hundreds of parks, gardens and carrots.

 

The ministries of agriculture and water resources are establishing several regulations and irrigation dams, cutting river tables, reclamation of land and providing farmers with loans, fertilizers, fingerlings and related facilities.

 

The increase in the number of primary schools from 9115 schools missing educational standards in 2002 to 15807 schools until the invasion of summer summer 2014 and the rise in the number of secondary schools from 3128 secondary schools in 2002 to 7083 in the summer of 2014 and the opening of kindergartens and many kindergartens in Baghdad and the provinces.

 

Establishing universities in Baghdad, governorates, colleges and technical institutes in governorates and private colleges in the capital and governorates. Allowing staff to continue their education by granting them full-time leave for four years and for completing their masters and doctorates as well as fellowships and missions abroad.

 

The construction of Najaf airport, the development of Basra airport, the establishment of the Sulaymaniyah and Erbil airports and their subordination to the national navigation authority and the international standards and their clearance from militias and tribal and family parties have taken place and the development of the capital's central airport Baghdad is under way to open other sovereign airports.

 

The Ministry of Youth The Sports City in Iraq has established Al-Kharba and the international stadiums in Karbala, Najaf, Wasit and Dohuk with an international stadium in each governorate (some under construction), sports fields, swimming pools,

 

Raising the reserves of the Central Bank of Iraq to the level of $ 50 billion dollars and tens of tons of gold after it was empty in 2003 and reduce the Iraqi financial debt in accordance with meetings of the Paris Club.

 

The establishment of a strong popular back-up force for the brave armed forces and the establishment of a regular army with the latest weapons and equipment such as aircraft, guns, tanks, armored vehicles and all the weapons and training in a way that is considered one of the best armies of the region, moving from loyalty to the person of the president who became an honorary.

 

And the establishment of a new security system that respects the citizen and does not fear them, but cooperates with them and is honored not to be afraid of the secret of intelligence, private and public security mercenaries and elements of Fedayeen Farad Haddam. Awqaf has established and reconstructed more than 2,000 mosques in the provinces equipped with air conditioning and supplies, and the appointment of guards and servants of the houses of God and give freedom to Christian endowments and ethnicities in the management of their affairs. And the care of shrines and tombs in a neutral and positive civilian state.

 

Editor Website:2018 - 04 - 13
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World Bank: Iraq is among the top five economies with the most reforms in the world


2106.jpg

Date Added: 14/04/2018

Economy News Baghdad:

"The Middle East and North Africa economies have implemented 10 reforms, and Iraq has implemented four reforms to win the position among the top five economies that have achieved the most reforms in the world," the World Bank said in its report Women and Business and Law 2018.

"Iraq's reforms covered areas of access to institutions, access to employment, incentives to work and protection of women from violence," he said.

"In the area of access to employment, Iraq increased the paid maternity leave from 72 days to 98 days and the enactment of a new labor law prohibiting gender discrimination," he said, noting that "the new labor law also allows employers to terminate workers' contracts when they reach the age of Five-year retirement for women. "

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3 hours ago, Floridian said:

Probably because they needed the most reforms in the world!  :lol::lol::lol:

 

Iraq Has Spent Almost As Many Years In Reform School As TNT Tony Did In The State Pen ! :o 

 

:D  :D  :D 

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Iraq burns $ 2.5 billion a year
 
Iraq burns $ 2.5 billion a year 
 
2018/4/15 0:05
World Bank reports reveal that Iraq is burning natural gas estimated at millions of dollars a year.

 

The World Bank said that Iraq hopes to end the burning of gas by 2021, costing his government about 2.5 billion dollars annually in the form of lost returns. "  The Oil Ministry announced on Saturday that 14 international companies have shown interest in contracts for exploration for oil and gas is scheduled to be tender On April 25 related to the development of 11 exploratory areas located in areas along the border with Iran and Kuwait and in the waters of the Gulf in June but the date was submitted to April 15 and extended to April 25 to give companies "more time to study the offers for this round before the submission of bids on the date specified , "according to the ministry.  the Ministry of Last month, the oil procedures to reduce the fees paid to oil companies in the contracts that will be covered by tender.

Companies such as Exxon Mobil, Eni, Total, Royal Dutch Shell and Lukoil helped Iraq expand its production over the past decade by more than 2.5 million barrels a day to about 4.7 million bpd.  The new contracts, put forward by the Iraqi government, set a deadline for companies to stop burning gas in the oil fields they develop.
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11 hours ago, Floridian said:

Iraq is among the top five economies with the most reforms in the world

Probably because they needed the most reforms in the world!  :lol::lol::lol:

That is for sure. Guys were running the biggest scam in history and world governments were buying into it.  :lol:

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17 hours ago, DinarThug said:
 
2018/4/14 03:26:39 PM 
The file of the ration card of the files important and influential in the life of a large segment of Iraqi society as touching their lives directly and relates to the standard of living, but this file complains of the obstacles and many problems, including the large shortage of card titles, despite the allocation of large funds in the federal budget during the past years .
According to experts in the financial and economic affairs, Iraq has spent more than 70 billion dollars since 2003 and so far on the ration card file, which shrunk to four items only after it was about 10 items before 2003.
The specialists attributed the reason for the reduction of materials in the card despite the allocation of funds, which are estimated annually about 5 trillion dinars to financial corruption in the absence of oversight and accountability, because there are political parties benefiting from this file.

As a result of the chaos experienced by Iraq in the financial and monetary policies, the International Monetary Fund recommended Iraq to take remedial measures to correct the course of some financial matters in order to support system" rel="">support the Iraqi economy, including reducing operational expenses in the federal budget and increase investment expenditures as well as review of projects funded by the government, including ration card .

A source familiar with the Ministry of Commerce, earlier, the intention of the Iraqi government to cancel the ration card in response to the conditions of the International Monetary Fund to "reform" the Iraqi economy, indicating that it will be applied formally after the general elections scheduled for May 12 next May.

The source said that "the government of Prime Minister Haider Abadi agreed to cancel the ration card final this year, as part of a series of conditions set by the International Monetary Fund aimed at reforming the Iraqi economy and integration of the global economy and facilitate access to loans with soft benefits to bridge the budget deficit Because of the continuing decline in oil prices. "

He explained that "the matter has become a certainty, but the announcement of this step will be after the next election to avoid stirring the Iraqi street, which used to rely on the ration card as a source of strength for nearly three decades."

The Committee on Economy and Investment in the Iraqi parliament, the conclusion of Iraq agreement with the International Monetary Fund included a set of points aimed at reforming the financial and economic system in Iraq.

The committee member Najeeb Najib told (One News) that "the reforms of international monetary aims to reduce operating expenses and increase investment expenditures and the cancellation of some projects funded by the government directly, including the ration card," pointing out that "the federal budgets before 2015 was allocated more Of 5 trillion dinars ration card but because of the financial crisis has been reduced the amount allocated to about one trillion and 500 billion dinars in the budgets of 2015, 2016 and 2017, but the money did not all of them, because of the financial crisis that hit the country, which led to a severe shortage of vocabulary Ration card".

She added that "the ration card needs to be reviewed and make implicit reforms in terms of covered and deserving and the quality and quantity of materials in them, as there is double registration and many errors skew this file," indicating that "the reform of this file and not cancel it will provide substantial funds for the state can be used In other projects. "

Najib pointed out that "Iraq after 2015 reduced the import of a lot of ration card items, especially materials (flour and sugar), where Iraq depends 100% on the domestic product as well as oil by a large proportion, except rice, which Iraq still imports more than what is inside "He said.

irq_1257232160

The member of the Committee on Economy and Investment MP rejected the resort of the federal government towards the abolition of ration card because it has been canceled in previous years and there was a big uproar in the street and demonstrations, which prompted the government to reconsider its decision, because it affects a large segment of citizens, especially those suffering from poverty.

And estimated what Iraq spent on the ration card after 2003 about 70 billion dollars, but it still suffers from a large shortage of materials.

"The issue of ending the ration card has not come from the government, but what exists under the terms of the IMF is that the card is converted in cash and not in kind, to reduce corruption and rationalize consumption, and this will increase the tendency," said Ahmad Haji Rashid, a member of the parliamentary finance committee. Marginal to savings and reduce the marginal tendency of consumption, which will benefit the citizens. "

"The government spends billions of dinars in order to bring food to citizens. In one of the statistics, the value of one dollar of goods costs the state about $ 30 to reach the final consumer," he said.

He pointed out that "the size of the amounts allocated in the budgets of the previous ration card is very large as it was monitored in the budget of 2015 about 5 trillion dinars and then dropped to 2 trillion and 15 billion dinars and has been reduced in recent years because of low oil prices because the country is based on the revenue of rent, .

According to the experiences of the United Nations in a number of countries, it may be better to cancel the ration card in Iraq and the distribution of cash allowance with the identification of the categories covered by the cancellation of the families of the affluent and businessmen and others.

According to sources in the United Nations spoke to (One News) that "ration card is one of the means of social protection of the layers are at risk of poverty and hunger, the government to provide support system" rel="">support to them, if converted to cash allowance will serve these segments and raise their standard of living," pointing out that " "The United Nations has changed its scientific policy towards Iraq, which previously provided assistance such as seeds and others, but stopped it."

The sources added that "the monetary allowance will reduce the chances of corruption rampant in the ration card file, as well as it will contribute to moving the Iraqi market and encourage the local product and encourage the Iraqi farmer to agriculture and put its food products to the market in light of the growing demand, which will generate a large economic movement in the country" .

As for the economic expert Salim al-Bayati has had another point of view as he stressed that in the event of cancellation of the ration card will ignite the Iraqi market and revive food traders because most of the consumables are imported.

"The issue of the ration card is part of the economic policy of the state. The process of keeping the card on its components and its components is no longer an issue in Iraqi economic policy because of the absence of a government economic compass and vision," al-Bayati told The News.

He added that "despite the poverty of the card and its weakness, but the cancellation may affect the price of the market and consequently there is no control over prices and the absence of a state can balance the market, which will affect many families, especially below the poverty line, especially flour, sugar, rice and oil, Traders, "noting that" there is a difference between the compensation of the material and compensation of the price when the material is compensated by the price will increase demand for the market on the materials and therefore prices will rise. "

The ration card system was adopted in Iraq following the issuance of UN Security Council Resolution 661 of 6 August 1990. 90% of Iraqi families depend on this card fully, and the remaining 10% (partially high wage earners) depend on it.

The ration card bears the name of the family's breadwinner, the name of the camp and the alley, the number of family members, the name of the distribution agent in general and the flour distribution agent in particular.

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Thanks Thug, Seems like everything is happening after the election. Add the religious holidays and we are looking at July.

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17 hours ago, climber7 said:

 

Isn't this what Kap has been saying all along? 

Not sure, these guys have been around for years and it changes ever so often. If they try to float it and pull the MCP I would think it should move relatively up fast. I am still in the 1 for 1 camp. People are never going to give up the USD or use the IQD until there is some parity. 

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Instructions and criteria for handling and replacing banknotes and counting mechanisms

 
Instructions and criteria for handling and replacing banknotes and counting mechanisms

 

April 15, 2018

To / all banks ( instructions and standards for handling and replacing
banknotes and counting mechanisms )
 ... Click here

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2018/4/15 12:32:24 PM 
The members of the 15-nation Security Council plan to visit Iraq in the next few days as the region is experiencing great tension, especially after the Western military strike on Syria.

The visit of members of the Security Council, according to Iraqi observers to discuss the future of Iraq in anticipation of any repercussions may occur in Iraq as a result of the Syrian crisis, as well as to provide support for the Iraqi elections scheduled for May 12 next.

According to a senior UN diplomat, the 15 members of the UN Security Council will visit from 26 April to 2 May, Burma, Bangladesh and Iraq. The visit to Iraq is aimed at showing United Nations support for the elections scheduled for 12 May .

"The visit of members of the Security Council comes from the interests of Iraq and to support its project, which requires openness to all countries of the world," said Jassem Mohammad Jaafar, a close associate of the prime minister.

"Such visits will strengthen the international relations of Iraq and encourage investments and open wider horizons for Iraq to play an important and prominent role in the region and the world," Jafar told The One News. "There is a link between the visit of the international delegation and the current events in Syria."

"There is a great welcome by Iraq to visit the members of the Security Council, and this visit is originally a support for Iraq and the Iraqi government, especially the great optimism that the world countries are facing the future of Iraq after the great victories on terrorism and the recent opening to the world. The axis of the conflict between the United States and the resistance line. "

The United States, Britain and France launched a military offensive targeting a number of sites in Syria in a process the West claimed was to punish Damascus for launching an alleged chemical attack in Douma in eastern Gauta a week ago.

"The visit may have something to do with the Syrian events because the Security Council is trying to contain the possible repercussions of the military strike on Syria, but the understanding with Iraq is directly with the relevant authorities, such as France, France and European countries," said political analyst Abdul Amir al-Hungary.

"The war on Syria is directly linked to Iraq. Iraq is the other field axis after Syria because it has partners with Syria, which makes the Western countries have humanitarian, political and military calculations that are considered by the UN Security Council," he said. This visit may be a search about taking accounting measures for the coming days. "

He pointed out that "Iraq must be away from any axis because the situation of Iraq and the internal political equation does not bear that Iraq stands at the expense of the other party," noting that "the Iraqi government is aware of difficult to enter the axis, but can harmonize with all axes and satisfy everyone Which did not collide with any party, which has become Iraq is a neutral area for the intruders more than they are effective towards one party at the expense of the other.

The Iraqi Foreign Ministry on Saturday, April 14, expressed concern about the air strike carried out by the United States and some of its allies to neighboring Syria, considering this action is very serious because of its repercussions on innocent citizens.

The media office of Prime Minister Haider al-Abadi said that Iraq with any "political effort" to end the conflict and achieve stability in Syria, while stressing that the country "is not a party" in this conflict.

"The outbreak of the conflict in Syria in late 2011 was a major reason to create an environment for the emergence of an advocate and expansion and entry into Iraq later in mid-2014," said the spokesman of the office Saad al-Hadithi, "The continuation of this conflict and the involvement of many regional and international parties in it Shares in feeding him. "

Western reports said on April 9 that a large delegation of representatives of the 15 countries of the UN Security Council will visit Iraq for the first time ahead of the May 12 elections in support of the democratic process.

"Although the details are not completed, the visit of the UN Security Council delegation is a message to Iraq and the international community that Iraq has risen again and returned to the international arena with full force to the international arena," Iraq's ambassador to the United Nations Mohammad Hussein Bahr al-Ulum said.

"Our messages to the world during the war against Da'ash were very clear. The international community supported the unity of Iraq, as well as the international community's support for Iraq in the war against Da'ash, which led to positive results," he said.

The Permanent Ambassador of the Netherlands to the United Nations, Karl van Astrom, stressed that "the visit to be held before the parliamentary elections on 12 May next will send a clear message that the UN Security Council supports the democratic process in Iraq," adding that a delegation composed of representatives of 15 countries In the Security Council, is scheduled to visit Baghdad for the first time, and said: "If we look at the date of the visit to Iraq, it comes before the date of the elections, as the message is clear as the UN Security Council supports the draft Iraqi elections."

According to diplomats in the UN Security Council, preparations are underway in full swing for this visit, and the declared goal is to support the political project in Iraq after the war, "urging."

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50 minutes ago, DinarThug said:

"Although the details are not completed, the visit of the UN Security Council delegation is a message to Iraq and the international community that Iraq has risen again and returned to the international arena with full force to the international arena," Iraq's ambassador to the United Nations Mohammad Hussein Bahr al-Ulum said.

They have returned to the international arena....I wonder what the DETAILS are they still need to complete?!? It better be the $$$ arena!

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Again, the cart before the horse. . . "Although the details are not completed, Iraq has risen again and returned to the international arena with full force to the international arena.

 

Agreed, this is very good news, however, saying something like this doesn't make it so ! According to their news, the FOOT DRAGGING GOI still has work to do and we still don't see the IQD on the international arena, YET ! 

 

Perhaps we don't have too much longer to wait if what we read is the TRUE Mind Set of the Security Council. Syria is a violent Black Hole of murder and an immediate " neighbor " to Iraq. Very tense times for Iraq what with being so close to returning to the international arena. The sooner they jump in with both feet with the rest of the Global folks the better.

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5 minutes ago, DinarThug said:

 

Instructions and criteria for handling and replacing banknotes and counting mechanisms

 
Instructions and criteria for handling and replacing banknotes and counting mechanisms

 

April 15, 2018

To / all banks ( instructions and standards for handling and replacing
banknotes and counting mechanisms )
 ... Click here

  •  

 

 

There Are 10 Pages In Arabic In The Link To The CBI Above - Here’s A Translation Of The Last 3 Pages !

 

 

Pages 8, 9 And 10 ...

 

 

 

This bank follows a certain mechanism for receiving foreign currency notes (dollar, euro) where it is counted and checked for confirmation

Of the count and originality as follows:
First: counting and sorting the foreign banknotes deposited by the trustees of the Fund and in the presence of two of the Bank's authorized persons

If a shortage and damaged papers are discovered, they are compensated by the authorized persons, and the forged papers are confiscated

And make up the shortfall.

Recording the serial numbers of foreign banknotes and storing them in electronic memory in addition to the book of the bank
And the deposit form.

(100) A tape containing the serial numbers of the papers
- Attach with paper) foreign, in case of non-conformity
The numbers on the electronic memory with the total amount and tape on the bakheet, the amount is refunded
Deposit refused.

IV. The Bank shall be provided with a supporting link in the event that the accounting record can not be made and may be received by the Secretariat
The conditions set forth in paragraph (e) (c) above.

D) The responsibility of the Central Bank of Iraq and any bank or treasurer or any person is at the point where it is graduated
Money from possession and object not to leave the receipt of banknotes receipt point before confirming the amount may be received
The bank notes from this bank may request to carry out counting operations by him and whoever he wishes from the employees of his department and under supervision
Central Bank staff including providing and configuring all enumeration requirements of counting and binding machines, and after completing the process
The bank becomes responsible for the banknotes it pays, even if it bears the identification card
Received from them.

- In the event that the bank finds a mistake in its deposits (increase or decrease) it must inform the issuing department and the cabinets at the end
On the day of deposit or at the beginning of the next day and prior to the process of counting and sorting of such deposits by sending him an official letter
In which the amount of error and type of category is determined accurately, and after the counting and sorting of those deposits, it is ascertained that the amount of the amount is matched
The difference to what is stated in the book of the bank and make up for the shortage of the bank without imposing a fine or handing over the increase without
Confiscated and under official record.

In the event that a bank keeps or includes the identification cards of the Central Bank or another bank
Deposits and payment to trade in such manner is considered an offense for which the Bank is liable.
Cash Transfer Mechanism
Deposits

A. All banks shall use the secured vehicles belonging to them or to competent authorities to transfer funds for the purpose of transport
Cash deposits to and from this bank and between banks and provide us with the types and numbers of the armored cars or the entity
Responsible for transportation.

B- To provide the Central Bank with the names of workers employed by the Bank to transfer cash deposits to this bank
And their addresses and their holdings, to carry the identification files of the bank
Otherwise, the bank bears responsibility
Oh.

* Adhere to the instructions described above
In the event that the banks do not comply with the applicable regulations and repeat the banking violations, the Issuing Department shall recommend the assignment
The bank violating the Committee to determine the penalties imposed on banks according to the law of the Central Bank of Iraq.
The instructions in question shall take effect from the date of the publication of the book and replace all of our previous books and circulars
This is the case
T
.

21% 11:35 AM
F
60%, mother
file-152379158771873 - Read-only
7
No
Read Only - You cant save changes to this f.
Central Bank of Iraq
Central Iraq
Photo avatar
Not modified with white background
Release Department and Safes
.
that
Releases
Nomination Form
I. Authorized information
The triple name of the author
Degree
Do you have a relationship with an employee name
Yesterday only
Ta
Husband's name
If the answer is yes, mention a name
Person Relationship
Date of Birth
The name of the author is written in his handwriting
Current residence address
The closest point is a function
Previous address
Authorized Signature (in blue)
Phone number
The phone number of the first class
With the name and kinship
Fingerprint of the left thumb
Date of appointment at the bank
Previous work place
II. Information concerning the Bank
1. The Bank shall determine the functions of the author of one of the following paragraphs:
Withdrawal and deposit of Iraqi work
Follow-up screening procedures
Pull the dollar
Other mentions
- Time period for authorization of // 301
until
301 13 Specify /
3. The Bank undertakes to correct the information contained in the form by signing the authorized director or the equivalent of the foreign branches.
4. The Bank shall submit a candidate within (3) working days from the date of notifying him of the rejection of such candidate
5 - The bank is obliged to send the support system" rel="">support of the participation of the authorized courses
And the discovery of counterfeit papers
Public relations and occupational safety
- Color copies of the following documents of the author
The Bank shall abide by the conditions
Civil Housing Card
And a certificate of nationality (or a common card). - Passport - Food card
Authentication of the legal department of the bank
Authorized Administrator Authentication

interesting timing  wit this article thanks thug

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11 minutes ago, DinarThug said:

 

Instructions and criteria for handling and replacing banknotes and counting mechanisms

 
Instructions and criteria for handling and replacing banknotes and counting mechanisms

 

April 15, 2018

To / all banks ( instructions and standards for handling and replacing
banknotes and counting mechanisms )
 ... Click here

  •  

 

 

There Are 10 Pages In Arabic In The Link To The CBI Above - Here’s A Translation Of The Last 3 Pages !

 

 

Pages 8, 9 And 10 ...

 

 

 

This bank follows a certain mechanism for receiving foreign currency notes (dollar, euro) where it is counted and checked for confirmation

Of the count and originality as follows:
First: counting and sorting the foreign banknotes deposited by the trustees of the Fund and in the presence of two of the Bank's authorized persons

If a shortage and damaged papers are discovered, they are compensated by the authorized persons, and the forged papers are confiscated

And make up the shortfall.

Recording the serial numbers of foreign banknotes and storing them in electronic memory in addition to the book of the bank
And the deposit form.

(100) A tape containing the serial numbers of the papers
- Attach with paper) foreign, in case of non-conformity
The numbers on the electronic memory with the total amount and tape on the bakheet, the amount is refunded
Deposit refused.

IV. The Bank shall be provided with a supporting link in the event that the accounting record can not be made and may be received by the Secretariat
The conditions set forth in paragraph (e) (c) above.

D) The responsibility of the Central Bank of Iraq and any bank or treasurer or any person is at the point where it is graduated
Money from possession and object not to leave the receipt of banknotes receipt point before confirming the amount may be received
The bank notes from this bank may request to carry out counting operations by him and whoever he wishes from the employees of his department and under supervision
Central Bank staff including providing and configuring all enumeration requirements of counting and binding machines, and after completing the process
The bank becomes responsible for the banknotes it pays, even if it bears the identification card
Received from them.

- In the event that the bank finds a mistake in its deposits (increase or decrease) it must inform the issuing department and the cabinets at the end
On the day of deposit or at the beginning of the next day and prior to the process of counting and sorting of such deposits by sending him an official letter
In which the amount of error and type of category is determined accurately, and after the counting and sorting of those deposits, it is ascertained that the amount of the amount is matched
The difference to what is stated in the book of the bank and make up for the shortage of the bank without imposing a fine or handing over the increase without
Confiscated and under official record.

In the event that a bank keeps or includes the identification cards of the Central Bank or another bank
Deposits and payment to trade in such manner is considered an offense for which the Bank is liable.
Cash Transfer Mechanism
Deposits

A. All banks shall use the secured vehicles belonging to them or to competent authorities to transfer funds for the purpose of transport
Cash deposits to and from this bank and between banks and provide us with the types and numbers of the armored cars or the entity
Responsible for transportation.

B- To provide the Central Bank with the names of workers employed by the Bank to transfer cash deposits to this bank
And their addresses and their holdings, to carry the identification files of the bank
Otherwise, the bank bears responsibility
Oh.

* Adhere to the instructions described above
In the event that the banks do not comply with the applicable regulations and repeat the banking violations, the Issuing Department shall recommend the assignment
The bank violating the Committee to determine the penalties imposed on banks according to the law of the Central Bank of Iraq.
The instructions in question shall take effect from the date of the publication of the book and replace all of our previous books and circulars
This is the case
T
.

21% 11:35 AM
F
60%, mother
file-152379158771873 - Read-only
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Read Only - You cant save changes to this f.
Central Bank of Iraq
Central Iraq
Photo avatar
Not modified with white background
Release Department and Safes
.
that
Releases
Nomination Form
I. Authorized information
The triple name of the author
Degree
Do you have a relationship with an employee name
Yesterday only
Ta
Husband's name
If the answer is yes, mention a name
Person Relationship
Date of Birth
The name of the author is written in his handwriting
Current residence address
The closest point is a function
Previous address
Authorized Signature (in blue)
Phone number
The phone number of the first class
With the name and kinship
Fingerprint of the left thumb
Date of appointment at the bank
Previous work place
II. Information concerning the Bank
1. The Bank shall determine the functions of the author of one of the following paragraphs:
Withdrawal and deposit of Iraqi work
Follow-up screening procedures
Pull the dollar
Other mentions
- Time period for authorization of // 301
until
301 13 Specify /
3. The Bank undertakes to correct the information contained in the form by signing the authorized director or the equivalent of the foreign branches.
4. The Bank shall submit a candidate within (3) working days from the date of notifying him of the rejection of such candidate
5 - The bank is obliged to send the support system" rel="">support of the participation of the authorized courses
And the discovery of counterfeit papers
Public relations and occupational safety
- Color copies of the following documents of the author
The Bank shall abide by the conditions
Civil Housing Card
And a certificate of nationality (or a common card). - Passport - Food card
Authentication of the legal department of the bank
Authorized Administrator Authentication

Thanks Thug...good stuff.

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