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Trish in the category of 100 thousand dinars Central Bank: We plan to restructure the Iraqi currency, including the deletion of zeros

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Experts confirm the right of the Central Bank to put the name of the governor of the currency
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9th October, 2018    

The process of putting the name of the governor of the Central Bank of Iraq on the new edition of the currency for a wide media, but a number of experts in the economy and law have confirmed the "eligibility" of the central bank to put the name of the new monetary categories, and the procedure is in place in most countries of the world

The specialists said that "the uproar that some media institutions did not have knowledge and know-how in the economic affairs and monetary policy is to ignite the crises and the aim of personal squandering

In the opinion of the banking expert Majid al-Suri in an interview with "Economy News", "The head of the monetary authority has the right to carry out the process of signing with the name and there is no legal sense of any objection," noting that "the law of the Central Bank allows the name and signature of the Governor of the Bank to minimize Of counterfeiting the currency and makes it difficult to falsify and is one of the safety signals that are placed to protect currencies

"Many countries (such as the United States, the United Arab Emirates, Egypt, Turkey, Malaysia, Saudi Arabia and Jordan) are being named and signed by the governor," he said. Iraqi rather than a conservative person

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A UAE currency showing the name of the UAE Minister of Finance

For his part, said economic expert Bassem Jamil Antoine in an interview with "Economy News", "The uproar caused by the ignorance of many media about the role of currency, which is the economic front of the country

He added that the Central Bank did not violate its law, which stipulates that it is considered an independent body, which allows the governor to put his name and signature. And that discussion of the subject could be left to the House of Representatives away from media fallacies. He said

"A person can not be prosecuted and convicted unless there is a legal offense against him, and if this is not available, it is a personal demarcation process," he said

In turn, the legal expert Tariq Harb said in a press statement, "The name of the governor on the second edition of the banknotes issued to some groups is not a violation of any legal, but an administrative measure in force in most countries of the world

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A Saudi currency bearing the name and signature of the Governor of the Saudi Arabian Monetary Agency

On Monday, the Central Bank of Iraq issued a clarification on the existence of the name of the Governor of the Central Bank of Iraq Ali Alalak in the new edition of the currency

The Central Bank of Iraq said in a press statement received by the "Economy News" that "one of the basic functions of the work of the Central Bank of Iraq and provided for in Article IV of Law No. 56 of 2004 amending the" Issuance of the Iraqi currency and management, as stated in Articles 32 and 33 of the same law where " The Central Bank of Iraq alone without the right to issue currency currency paper and metal for the purpose of circulation in Iraq

"Under the regulations, the CBI has the right to determine the categories of paper and metal currencies, their measures, their forms, their material, their content, their weight, their design and other features

He pointed out that "the banknotes in various countries contain the signature of the Issuing Authority, which is the Governor of the Central Bank. Central banks have always put signatures of their governors on these securities in different forms." Among them are the signature of the Governor, In the handwriting of the governor in the form of the name combination with a signature with special significance to the banknotes. Many central banks use this combination (name of the governor by hand) without signing to document the stage of issuance of the banknote

He continued, "Of these examples Iraqi currency issued in 1932 as signed by the same formula Governor of the Central Bank of Iraq in 1964 and followed the approach of the central banks of Egypt, Saudi Arabia, UAE, Lebanon, Turkey and others, so the Central Bank of Iraq decided to include the name of the governor when reprinting or issuing any cash , In line with what was stated and with the latest trends found in the signature alone, the lack of significance required by the word (governor) on the banknote and that the currency committee in the Central Bank of Iraq concerned has taken this decision for months in accordance with all legal considerations and Organizational and international practices
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Egyptian currency showing the name and signature of the Governor of the Central Bank of Egypt

 

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https://cbi.iq/news/view/882

Clarification


 Clarification

Of the basic tasks of the work of the Central Bank of Iraq and provided for in Article IV of Law No. 56 of 2004 amending "Issuance of the Iraqi currency and management," as stated in Articles 32 and 33 of the same law where it ruled that the Central Bank of Iraq alone without the right to issue currency currency paper and metal For the purpose of trading in Iraq."

Under the regulations, the Central Bank of Iraq determines the categories of paper and metal currencies, their measurements, forms, material, content, weight, design and other features .

It should be noted that the banknotes in various countries contain the signature of the Issuing Authority, which is the Governor of the Central Bank. The central banks have always put their signatures on those securities in different forms. Some of them put the signature of the governor in front of his name, including the person who puts the signature without a name, and whoever puts the name fee in the handwriting of the governor. Many central banks use this combination (the name of the portfolio by hand) without signing to document the stage of issuing the paper. These examples include the Iraqi currency issued in 1932 and the same formula was signed by the Governor of the Central Bank of Iraq in 1964, followed by the central banks of Egypt, Saudi Arabia, UAE, Lebanon, Turkey and others. Therefore, the Central Bank of Iraq decided to include the name of the governor when reprinting or issuing any paper, in line with what was stated and with the latest trends found in the signature alone, the lack of significance required by the word (governor) on the banknote. And that the Currency Committee of the Central Bank of Iraq concerned has taken this decision months ago in accordance with all legal considerations, organizational, technical and international practices

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"International Monetary" Iraq's economy is expected to grow
6.5% in 2019

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9th October, 2018


The International Monetary Fund (IMF) expects Iraq's economy to maintain its annual growth rate of 2.2 percent over the next five years, ending in 2023.

The IMF's latest report on prospects for global economic growth indicated that the real GDP growth rate of the Iraqi economy by the end of this year is expected to reach 1.5%.

Economic growth is expected to reach 6.5% in 2019.

While the IMF is expected to stabilize the inflation rate in the country at 2.2% in the current year and next year.

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Al-Kaabi: The House of Representatives is the owner of power over the central bank

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9th October, 2018


The House of Representatives began on Tuesday, discussing the issue of placing the name of the Governor of the Central Bank on monetary categories. 

A parliamentary source said in an interview with / Mawazin News / "The House of Representatives discussed the issue of putting the name of the Governor of the Central Bank and its chair listened to the interventions of deputies." 

The Vice-President of the Council Hassan al-Kaabi during the session, "The House of Representatives and according to the law is the holder of power to the Central Bank."

 

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Kaabi: We need a special session on the mechanism of action of the Central Bank


اÙÙعبÙ: Ùحتاج اÙ٠جÙسة خاصة Ø­Ù٠آÙÙØ© عÙ٠اÙبÙ٠اÙÙرÙز٠

 

9th October, 2018


Vice President of the House of Representatives Hassan Karim al-Kaabi on Tuesday, the need of Parliament to a special session on the mechanism of action of the Central Bank. 

Al-Kaabi said during a parliamentary session that he needed a special session on the mechanism of the Central Bank's work, preceded by data on the work of the Central Bank during the previous years.

It is noteworthy that Deputy Speaker Hassan al-Kaabi said earlier in the day, Thursday's session will be dedicated to the file of higher education.

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19 hours ago, Laid Back said:

Now the CBI has a plan to release more 000 notes to the market 25k, 10k, 5k, 1k, 500

notes.... why?.... This will increase the note count......The CBI is worried in how to collect 30 trillion in chunky cash stashed under the mattress, and now they are planning to release more 000 notes... it doesn’t sound logical to me.

LB, I agree brother this move doesn't make sense. As I look through the articles I only see pictures of the 1000, 500, 250 notes, they mention coexisting with the notes already in circulation but I'm thinking they will not distribute anymore 25k, 10k, or 5k notes.

The article today said a shipment of 1000k notes arrived last week an another shipment of 500 an 250 will be next week. Still no mention of a shipment of 25k, 10k or the 5k to be delivered.

What I can't figure out is why the stall, there has to be a reason why they keep pushing this thing out...

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The House of Representatives intends to host the governor of the Central Bank

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9th October, 2018


The first deputy speaker of the House of Representatives, Hassan al-Kaabi, on Tuesday, the decision of the Parliament to host the governor of the Central Bank, Ali Alalak.  "Today's interventions on the work of the central bank and the name of the governor on the new currency have proved necessary for us to attend the governor of the central bank," al-Kaabi said. 

He added that "the date hosted by the Governor of the Central Bank will be determined during the session next Thursday," stressing "the need for parliament to a special session on which the work of the Central Bank preceded by bringing data on the work of the Central Bank during the previous years.

The House of Representatives held today its regular session of the fourth parliamentary session for the first legislative year for the first legislative term under the chairmanship of the first deputy Hassan al-Kaabi and the presence of 225 deputies.

 

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Al-Kaabi: The date of hosting the governor of the Central Bank will be set next Thursday


اÙÙعبÙ: ÙÙعد استضاÙØ© ÙحاÙظ اÙبÙ٠اÙÙرÙز٠سÙحدد اÙØ®ÙÙس اÙÙÙب٠

 

9th October, 2018


The Presidency of the House of Representatives announced on Tuesday the date of hosting the Governor of the Central Bank Ali Al-Alaq in the parliament session on Thursday. 

"Through the interventions of Ladies and Gentlemen members of the Council in today's session, it is necessary to attend the Governor of the Central Bank and members of the Board of Directors of the Bank during the coming sessions to discuss the central bank's transactions and monetary policy," said the correspondent of Al-Ghad Press.

He explained that "the date of hosting the governor of the Central Bank was set in the House of Representatives on Thursday."

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Parliament discusses the procedures of the Central Bank for the printing of the new currency 

Parliament discusses the procedures of the Central Bank for the printing of the new currency [expanded]
 
2018/10/9 16:55
 
The House of Representatives in its fifth session of the first legislative term of its first legislative year in its fourth election session chaired by Hassan Karim al-Kaabi, the first deputy speaker of the House of Representatives and the presence of 225 deputies, on Tuesday, the procedures of the Central Bank for printing the new currency.

At the beginning of the session, Ghaleb Mohammed Ali Shukr was sworn in as a deputy in the House of Representatives.  After that, Hassan Karim al-Kaabi, the first deputy chairman of the Council, to host the Minister of Higher Education in the Council yesterday to discuss the transit system and admission rates in universities, noting that the Council is waiting for what is caused by the RAI Ministry of Education answers to be presented at Thursday's session on what was put Before the House of Representatives or circulated in public opinion for the purpose of taking necessary. 

The council voted on the interim parliamentary committee to amend the rules of procedure. The deputies included Jamal al-Muhammadawi, Abd al-Khaliq al-Azzawi, Hoshyar Abdullah, Taha al-Dodi, Jumaili, Khalid Jawad, Rashid Rashad, Abbas Shuail, Mansour Maraid, Aleya Nassif, Sarkut Latif, Muthanna Amin, Ribawar Taha, Thamer Deiban, Sabah Al Saadi, Talal Al Zobaie, Mohammed. Al-Kaabi announced the convening of a joint meeting of the Legal Committee and the Interim Committee to amend the rules of procedure in the coming days. The Legal Committee is to hold a meeting in the Constitutional Hall tomorrow to elect a chairman and a deputy. 

The First Deputy Speaker of the Council of parliamentary blocs to nominate the names of members of the parliamentary committees starting tomorrow to discuss the status of the committees in terms of retention or integration or the addition of other committees.  In another matter, the Presidency of the Council decided to nominate MP Khadija Ali and MP Burhanuddin Ishaq as rapporteurs of the House of Representatives. 

In another matter, the First Deputy Speaker of the House of Representatives explained that the Council will consider the legality of measures taken by the Central Bank or not, which provoked reactions in the political and popular circlesThe Council discussed the procedures of the Central Bank for the printing of the new currency after the majority of deputies voted to add the issue to the agenda. 

In the interventions of MPs, MP Ahmad al-Jubouri pointed out that the introduction of the name of the governor is a controversial issue that is not justified, suggesting a decision not to trade the currency that the name of the governor and the cost of printing costs to the Central Bank.  MP Sabah al-Saadi pointed out that putting the name of the governor of the Central Bank on the currency has caused a lot of trouble, especially that the regulations indicate reference to the status of the governor without writing his name explicitly.  And invited MP Magda Tamimi to approach the Central Bank to provide the House of Representatives with a statistical on the amounts of damage in the currency to the proportion of the amount of currency in circulation.  MP Falah Abdul-Karim called for hosting the governor of the Central Bank in order to clarify the purpose of printing the currency and explain this to the Council.

The deputy Hassan Salem that the writing of the name of the governor of the agency on the local currency is unacceptable, but an attempt to distract attention from the central bank measures on the auction of currency, which has become a focal point of corruption.  The MP Abbas Srout stressed the importance of monitoring the performance of the Central Bank in other areas and accountability of the default in the printing of the new currency.  The MP Faleh al-Khazali that the printing of the name of the Governor of the Central Bank Agency on the national currency a clear abuse of power granted to him, which necessitates dismissal. 

MP Mona al-Amiri said that the amount of the new printed currency amounted to about 90 billion dinars,asking about the person who bears the responsibility of the amount in case it decides to damage the currency In turn, MP Raed Fahmi inquired about how to deal with the legal procedures of the subject and study it from several legal aspects.  MP Bashar Hamid al-Kiki called for the addition of the Kurdish language to the Iraqi currencyThe deputy High Nasif that the law in force gave a license to hold the governor of the Central Bank by writing his name on the Iraqi currency.  The MP Khalid Jawad Kazem that the orders of the Coalition Provisional Authority is still in force and need to be reviewed, calling for a decision to postpone the circulation of the new currency until the consideration of its legality.  The deputy governor of the emirate said that the governor of the Central Bank does not have full powers to take such a measure as he takes office as an agency and not authenticity. 

For his part, urged the First Vice-President of the Council to hold a special meeting to host the Governor of the Central Bank and officials of the management of the bank in the coming days for the purpose of discussing the central bank's transactions and monetary policy being subject to the supervision of the House of Representatives, adding that the topics for the purpose of discussion aimed at finding solutions to the problems.  The meeting was adjourned to Thursday.
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1 minute ago, DinarThug said:

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The House of Representatives intends to host the governor of the Central Bank

image

 

9th October, 2018


The first deputy speaker of the House of Representatives, Hassan al-Kaabi, on Tuesday, the decision of the Parliament to host the governor of the Central Bank, Ali Alalak.  "Today's interventions on the work of the central bank and the name of the governor on the new currency have proved necessary for us to attend the governor of the central bank," al-Kaabi said. 

He added that "the date hosted by the Governor of the Central Bank will be determined during the session next Thursday," stressing "the need for parliament to a special session on which the work of the Central Bank preceded by bringing data on the work of the Central Bank during the previous years.

The House of Representatives held today its regular session of the fourth parliamentary session for the first legislative year for the first legislative term under the chairmanship of the first deputy Hassan al-Kaabi and the presence of 225 deputies.

 

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Al-Kaabi: The date of hosting the governor of the Central Bank will be set next Thursday


اÙÙعبÙ: ÙÙعد استضاÙØ© ÙحاÙظ اÙبÙ٠اÙÙرÙز٠سÙحدد اÙØ®ÙÙس اÙÙÙب٠

 

9th October, 2018


The Presidency of the House of Representatives announced on Tuesday the date of hosting the Governor of the Central Bank Ali Al-Alaq in the parliament session on Thursday. 

"Through the interventions of Ladies and Gentlemen members of the Council in today's session, it is necessary to attend the Governor of the Central Bank and members of the Board of Directors of the Bank during the coming sessions to discuss the central bank's transactions and monetary policy," said the correspondent of Al-Ghad Press.

He explained that "the date of hosting the governor of the Central Bank was set in the House of Representatives on Thursday."

Thanks DinarThug for this article....I hope they plan to RV their currency doing this meeting and/or do something with dinar currency

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Halabousi: Iraq seeks to engage the world in investing its natural resources


اÙØ­ÙبÙسÙ: اÙعرا٠Ùسع٠اÙ٠اشرا٠اÙعاÙÙ Ù٠استثÙار ÙÙارد٠اÙطبÙعÙØ© 

 

9th October, 2018


Iraq is seeking in its legislation and legal systems to involve its neighbors and the world as a whole in investing its natural resources and contributing directly to all sectors, Speaker of the House of Representatives Mohamed Halboussi said Tuesday.

"Iraq has all the elements of a comprehensive economic renaissance, supported by enormous resources that can be invested to serve the interests and aspirations of Iraqis to develop and progress in all walks of life," Halboussi said in his speech at the third meeting of heads of parliaments in Turkey. 

"Iraq has long suffered from the effects of war and its negative effects on the environment, which played a key role in the pollution of its water resources, agricultural land and fisheries, which contributed to the settlement of serious diseases suffered by the Iraqi people," he said. Of the effects of environmental pollution that have reached serious levels that require substantial support at the level of Governments and relevant international organizations." "The importance of sustainable development in renewable energy sources," he said, adding that "this decision is at the heart of the executive and legislative concerns through taking a series of measures to reduce the pollution causing serious global warming." 

He pointed out that "Iraq fought a war against terrorism, which paid the blood of the finest of his youth on behalf of the world as a whole, and left the war is a huge destruction to cities and people alike," noting that "we hope to see a world and people understand the magnitude of these sacrifices, And actively contribute to stand with Iraq through continued cooperation on the basis of economic and investment partnership and environmental cooperation in a way that serves the interests of all peoples."

 

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Halabousi: Iraq seeks to involve the countries of the world in the investment of natural resources

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9th October, 2018
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Decisions of the Council of Ministers, including the addition of 3 trillion dinars to the allocations of emergency reserve for the year 2018


Ùرارات ÙجÙس اÙÙزراء بÙÙÙا اضاÙØ© 3 ترÙÙÙÙات دÙÙار اÙ٠تخصÙصات احتÙاط٠اÙØ·Ùارئ ÙسÙØ© 2018 

 

9th October, 2018

The Council of Ministers held its regular session on Tuesday under the chairmanship of the President of the Council, Haider Al-Abbadi, and voted on a number of resolutions, including the addition of 3 trillions of dinars to the allocations of emergency reserve for 2018, while discussed the subject of customs duties for goods and goods imported in the name of ministries.

A statement from the office of Abadi received "Al-Gharab Press", a copy of it, that "the Council of Ministers, held its regular session on Tuesday, October 9, 2018 headed by Prime Minister Dr. Haider Abadi, while voted to cancel the Council of Ministers Resolution No. 162 of 2017 and reinstate paragraph 4 Of the Council of Ministers Resolution No. 280 of 2016 on the protection of the product of imported cigarettes. " 

He added that "a draft resolution on the avoidance of double taxation and prevention of evasion of taxes on income and capital between the government of the Republic of Iraq and the Government of the Arab Republic of Egypt was voted on." 

He pointed out that "the Council discussed the issue of customs duties for imported goods and goods in the name of the ministries and issue a resolution on it." He noted that he "approved the general and detailed recommendations taken by the Diwani Order Committee (67) for the year 2018.

He added that "the vote was to add an amount of 3 trillion dinars to the allocation of emergency reserves for fiscal year 2018 in the light of the federal budget law."  "The council conducted an extensive discussion of the agricultural plan, and the Ministry of Water Resources was instructed to assess the water situation in the light of the next agricultural plan," the statement said. 

The Cabinet discussed, according to the statement, "the draft federal budget law of the Republic of Iraq for fiscal year 2019, and was directed by the ministries to submit their basic comments on the draft draft federal budget for the year 2019 to the Ministry of Finance for the purpose of holding an extraordinary session for approval within the legal period."
 
 
Edited by DinarThug
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Probably generate allot more interest for foreign investment if you got your TP currency globally recognized - 

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14 minutes ago, DinarThug said:

we hope to see a world and people understand the magnitude of these sacrifices, And actively contribute to stand with Iraq through continued cooperation on the basis of economic and investment partnership and environmental cooperation in a way that serves the interests of all peoples."

 

thanks CNN, The world hopes to see Iraq retrieve all the billions stolen from those that instructed their army to run from terrorist and allowed them to destroy the country ... only then will they begin to find favor in the world .......

signed , concerned investors of the world 

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4 minutes ago, 3n1 said:

thanks CNN, The world hopes to see Iraq retrieve all the billions stolen from those that instructed their army to run from terrorist and allowed them to destroy the country ... only then will they begin to find favor in the world ....... signed , concerned investors of the world 

 

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Integrity and justice sign cooperation agreement to combat corruption and recover money smuggled abroad


اÙÙزاÙØ© ÙاÙعد٠تÙÙعا٠اتÙا٠تعاÙÙÙ ÙÙÙاÙحة اÙÙساد Ùاسترداد اÙØ£ÙÙا٠اÙÙÙربة ÙÙخارج 

 

9th October, 2018


Signed the Integrity Commission and the Ministry of Justice on Tuesday, cooperation to fight corruption and to recover the money smuggled out of an agreement. 

"The Authority and the Ministry of Justice have signed a joint cooperation agreement to promote close cooperation between them, to combat and eliminate corruption, to exchange experiences in the legal field and to spread a culture of integrity and transparency, in order to achieve their objectives," the agency said in a statement. Implementation of Iraqi legislation."

She confirmed that "the cooperation agreement signed by the Chairman of the Integrity Commission, Judge Izzat Tawfiq Jafar and Justice Minister Haider Zamili, was to strengthen cooperation between the parties in the field of prosecution outside Iraq related to extradition and recovery of funds derived from corruption crimes smuggled abroad, taking into account the laws and the competence of each party "Indicating that" the two parties exchange information and advice in the field of preparation of the proposed projects; to conclude bilateral agreements and memoranda of understanding with counterparts in foreign countries. "

She stressed that "the agreement signed was based on the belief in the need to cooperate and work together to spread a culture of integrity, transparency, accountability, integrity and respect for the ethics of public service in the public sector in order to achieve justice. Implementation, overcoming difficulties, ensuring maximum communication and supportive coordination between the parties, and conducting a review and evaluation of the level of implementation. " 

He pointed out that "the two parties pledged to cooperate jointly to expedite the implementation of judicial decisions issued by the investigating judges in the field of the conduct of persons filed with the Department of Reform Iraq on issues of corruption seen by the Commission, and contribute to the speed of completion of these cases."

"The agreement dealt with coordinating the preparation of joint research and studies related to combating corruption and reducing it so as to ensure justice and protecting the rights of the state and citizens. Taking into account the intellectual property rights and the private or other party's property ".

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Written In English (Not An Arabish Translation) And Easy To Read ! ;) 

 

:D  :D  :D 

 

 

 

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America’s Opportunity in Iraq

 

A new government in Baghdad can make real progress if the U.S. offers the right kind of support


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7th October, 2018 by Eli Lake


The new government in Baghdad has evoked two broad reactions in Washington: hope and dread.

My Bloomberg Opinion colleague Meghan O'Sullivan is encouraged by Iraq's new president and designated prime minister, Barham Salih and Adil Abdul-Mahdi. Both men have longstanding relationships with the U.S. government and have played important roles in building a new Iraq from the ashes of Saddam Hussein’s tyranny.

Senator Marco Rubio is more pessimistic. Looking at Iraq’s new government, he declared Iran the “clear winner,” tweeting that the chief of Iran’s potent Quds Force, Qassem Suleimani, had brokered the deal for the new government.

U.S. and Iraqi officials with whom I spoke told me the Iranians did not get everything they wanted, but neither did the Americans. Salih and Abdul-Mahdi represent a kind of compromise. The Iranians supported the coalition of Shiite religious parties represented by former Prime Minister Nouri al-Maliki and militia leaders like Hadi al-Amiri. Iran also favored another Kurdish candidate for the presidency favored by a rival Kurdish party.

U.S. special envoy Brett McGurk, on the other hand, favored the slate of candidates affiliated with Prime Minister Haider al-Abadi. McGurk was instrumental in getting the Iraqi parliament to support al-Abadi over Maliki in 2014, a key condition for deeper U.S. military involvement in the fight against the Islamic State.

In the end, it was an Iraqi who was most influential in the negotiations: Grand Ayatollah Ali al-Sistani, the 88-year-old head of the Shiite hawzas of Najaf, set the stage for Abdul-Mahdi’s selection as prime minister when he released a statement urging “new faces” in the next government. That ruled out Maliki and al-Abadi.

Sistani’s position was understandable. The party that won the largest bloc in parliament in May was affiliated with the rebellious cleric Moqtada al-Sadr, a leader of the Shiite insurrection against U.S. forces in Iraq in 2004 and 2005 who has emerged as a fierce critic of Iranian influence in Iraq in recent years. His bloc, which includes communists and other outsiders, was most blunt in criticizing the corruption that has become endemic to Baghdad politics.

The unrest and desire for change has only become more pronounced since the spring. Protesters torched government ministry buildings and the Iranian consulate last month in Basra, Iraq’s third largest city and an important hub for its chief export, oil. They demanded more jobs, a functioning power grid and an end to widespread corruption. One of the organizers of those protests, a human rights activist named Suad al-Ali, was shot dead in the street last month.

Al-Ali’s murder also coincides with renewed threats from Iranian-backed militias against the U.S. U.S. officials tell me there is an increasing risk that those militias intend to kidnap Americans in Iraq. That’s one factor that led the U.S. to suspend operations in its consulate in Basra. Another is U.S. allegations that those militias fired rockets and mortar rounds at the consulate last month.

Hostility between the U.S. and Shiite militias is nothing new. One such group, Asaib al-Haq, was responsible for the brutal murder of U.S. troops near Karbala in 2007. More recently, however, there has been an uneasy ceasefire between U.S. forces and the militias during the fight against the Islamic State.

What does all this have to do with the new government in Iraq? Between the election in May and the recent protests in Basra, Iraqis are making it clear that they don’t want to be a vassal state of Iran. This presents an opportunity

The new Iraqi government will have to show its independence. With a little skill and luck, the U.S. can quietly give Abdul-Mahdi the support he needs to push back against Iran and address the economic misery in places like Basra.

To do that however, the U.S. needs to signal its commitment to Iraqi cities under threat from the militias. Barbara Leaf, who served as a senior U.S. diplomat in Basra in 2010 and 2011, told me when she served there, the consulate was shelled two to three times a week. By suspending operations in Basra, she said, the U.S. is sending the wrong message “not just to the Iraqi government, but to the Iraqi people.”

She’s right. And there is another audience for this message: Suleimani and his many proxies in Iraq. Surely he needs to know that a few threats and errant rockets cannot drive the U.S. out of a city whose people are fed up with the thieves and terrorists he has empowered.

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Expert: surplus budget of 2019 will solve the housing and electricity crisis for 40 years

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9th October, 2018


Expected financial expert David Abdul Zayer, on Tuesday, to hire a surplus budget in 2019 in the sectors of electricity and housing, stressing that the optimal investment of surplus funds will solve the crisis coming for 40 years. 

"If the federal budget for 2019 is approved at the limit of $ 60 to $ 55, there will be a large surplus after the price of oil rises to $ 85 per barrel," Abdul Zayer said in a statement to Al-Maaloumah. "This excess money will solve the electricity and housing crisis For 40 years in the case of hiring them properly, as well as go part of those funds to meet the debts incurred by the country

He added that "the surplus will go towards investment budgets and the bulk will go to the operational part," noting that "this money can be invested in the construction of housing units and power plants, as well as create great jobs for graduates through the establishment of projects." On Tuesday, oil prices rose 26 cents to $ 84.17 a barrel by 0244 GMT.

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1 hour ago, DinarThug said:

The MP Faleh al-Khazali that the printing of the name of the Governor of the Central Bank Agency on the national currency a clear abuse of power granted to him, which necessitates dismissal. 

 

This may be a key to having the proxy removed - Ali al-Alaaq who was placed by Nouri al-Maliki to facilitate the Insanian Financial Corruption Machine in Iraq.

 

Go Moola Nova!

:pirateship:

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1 hour ago, DinarThug said:

The deputy Hassan Salem that the writing of the name of the governor of the agency on the local currency is unacceptable, but an attempt to distract attention from the central bank measures on the auction of currency, which has become a focal point of corruption

 

Watch this play out... The proposed changes to the currency design namely, the images/signature is telling. The proposed changes to the Dinar is in response to a present problem or alleviating a potential problem in the future. I will comment later as I try to find the articles from years ago that dealt with discussions on the Kurdish Language being added.

 

In different article someone opined about the De La Rue system that is being utilized. The discussion of the use of the De La Rue printing system is irrelevant when it comes to a real counterfeiter. Especially , when you think about the value of what is to come, Counterfeiting remains a major possibility every time there is a currency modification or a currency remains unmodified for a long period of time. The United States continues to have counterfeiting issues, go figure??? The real story about this issue may arise during the discussion of adding the Kurdish Language.  My belief is that the discussion found there will allow us to "mirror read" the real problem as to why the currency is being modified.

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11 minutes ago, moneysoon said:

 

Watch this play out... The proposed changes to the currency design namely, the images/signature is telling. The proposed changes to the Dinar is in response to a present problem or alleviating a potential problem in the future. I will comment later as I try to find the articles from years ago that dealt with discussions on the Kurdish Language being added.

 

In different article someone opined about the De La Rue system that is being utilized. The discussion of the use of the De La Rue printing system is irrelevant when it comes to a real counterfeiter. Especially , when you think about the value of what is to come, Counterfeiting remains a major possibility every time there is a currency modification or a currency remains unmodified for a long period of time. The United States continues to have counterfeiting issues, go figure??? The real story about this issue may arise during the discussion of adding the Kurdish Language.  My belief is that the discussion found there will allow us to "mirror read" the real problem as to why the currency is being modified.

The 50,000 notes have the kurdishlanguage on them. I’m guessing they want the language to appear on all the denominations 

Edited by dinarbeleiver
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58 minutes ago, dinarbeleiver said:

The 50,000 notes have the kurdishlanguage on them. I’m guessing they want the language to appear on all the denominations 

As does the new 500 note...

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On 10/8/2018 at 12:05 PM, DinarThug said:

LINK

Let's raise the hat to the Governor of the Central Bank of Iraq and his national team


10436.jpg

8th October, 2018

Between time and time, some of the mouths in some media channels and means of social communication took advantage of the freedom of publication and the circulation of publications in order to achieve personal interests and divert the interests of the Iraqi people in these days towards the formation of the new government which we hope a lot in the next phase in the field of economic reform and overcoming suffering in years Economic and security shocksThis time their arrows were directed to the sovereign institution of the Iraqi Central Bank and its governor and his team. The bank did not exceed the provisions of Articles 32 and 33 of its Law No. 56 of 2004 regarding the issue of currency

The name of the Governor was not fixed. It is a custom used by some countries to document a certain historical stage, as was the case in previous stages. The transparency of the media profession to the achievements of the Central Bank of achievements during the previous years, which considered the governor because of the best Arab for the year 2018 and among the best 30 governors in the world and most importantly, Iraq's exit from the monitoring and follow-up to the normal follow-up area according to Majmo Of the Financial Action. Therefore, I call on the national economic media and committed to convey the truth and bright points to the people and to demand the yellow media to apologize to the Central Bank of Iraq and its national team and I must mention here the most prominent achievements of the Central Bank during the past three years: -

Maintain inflation not exceeding 2% and the level of adequacy of foreign reserves within the acceptable ratesaccording to the latest collective standard (imf)Provided by the International Monetary Fund 0 by 160%which is considered an international high adequacy ratio, where the foreign reserves of Iraq amounted to $ 58 billion. And to stimulate the banking sector, regulatory, supervisory and supervisory, and establish new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism and credit and operational risk management and the issuance of the law against money laundering 39 for the year 2015 and the development of payment systems and the application of all payments by retail and mobile phone and the establishment of the national division and work on the application of international standards

In accordance with the principle of transparency and disclosure and obtaining the ISO 9001: In addition to this, the Bank's daily efforts to stimulate financial inclusion and focus on the initiative to settle salaries of employees for the purpose of raising the financial coverage of the population who do not have accounts in the banking system, which actually rose from 11% to 22% based on the World Bank Bulletin and for the purpose of restoring confidence in the sector The bank has re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance as well as the establishment of a deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping and restore confidence in the banking sector and thus stimulate the economy 

Through activating the investment and bank financing its initiative the financing of small and medium-sized enterprises and the supervision and leadership of community initiatives funded by the Iraqi banks as a ful Baghdad and support system" rel="">support the Iraqi drama fund and the establishment of two national financing for large projects and the establishment of a fund social and humanitarian benefits and take regulatory action  The establishment of a depository center in the Iraqi stock market and the establishment of a national credit information center. And the Iraqi Payments BoardAt the level of international banking relations, the Central Bank and the exceptional efforts of the Governor and his team have succeeded in restoring relations with Arab and foreign central banks and delivering the achievements of the past three years to the international financial institutions such as the Financial Action Organization, which contributed to the transition of Iraq classification from gray to follow-up

The Governor in 2017 to the Security Council and presented the achievements and organizational and structural development and technical compliance with international standards in financial reporting and enhance confidence in the Iraqi economy and Iraq's ability to Commitment to international credit benefits and accolades of the World Bank and the International Monetary Fund and the Financial Action Task Force have had a clear impact in strengthening economic resilience and financial victory and move steadily towards financial sustainability

All the above achievements make the Central Bank of Iraq, its governorate and its work team worthy of praise and honor. I repeat the invitation of the Iraqi national media to read and read the audiovisual media to enhance the sincere and sincere efforts of the Iraqi fathers who fight terrorism and build the new Iraq in one and highlight the achievements and success stories that Achieved despite all the challenges and that the most prominent of these successes and crises are the successes of the Central Bank of Iraq and its work team who deserve a right word neutral to serve our national economy and Iraqi banking sector

image.jpeg.86fe5d7aef605fba54a4a5699699efb1.jpeg by Samir Nusairi

 

LINK

 

Let's raise the hat to the Governor of the Central Bank of Iraq and his national team


10436.jpg

8th October, 2018

Between time and time, some of the mouths in some media channels and means of social communication took advantage of the freedom of publication and the circulation of publications in order to achieve personal interests and divert the interests of the Iraqi people in these days towards the formation of the new government which we hope a lot in the next phase in the field of economic reform and overcoming suffering in years Economic and security shocksThis time their arrows were directed to the sovereign institution of the Iraqi Central Bank and its governor and his team. The bank did not exceed the provisions of Articles 32 and 33 of its Law No. 56 of2004 regarding the issue of currency

The name of the Governor was not fixed. It is a custom used by some countries to document a certain historical stage, as was the case in previous stages. The transparency of the media profession to the achievements of the Central Bank of achievements during the previous years, which considered the governor because of the best Arab for the year 2018 and among the best 30 governors in the world and most importantly, Iraq's exit from the monitoring and follow-up to the normal follow-up area according to Majmo Of the Financial Action. Therefore, I call on the national economic media and committed to convey the truth and bright points to the people and to demand the yellow media to apologize to the Central Bank of Iraq and its national team and I must mention here the most prominent achievements of the Central Bank during the past three years: -

Maintain inflation not exceeding 2% and the level of adequacy of foreign reserves within the acceptable ratesaccording to the latest collective standard (imf)Provided by the International Monetary Fund 0 by 160%which is considered an international high adequacy ratio, where the foreign reserves of Iraq amounted to $ 58 billion. And to stimulate the banking sector, regulatory, supervisory and supervisory, and establish new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism and credit and operational risk management and the issuance of the law against money laundering 39 for the year 2015 and the development of payment systems and the application of all payments by retail and mobile phone and the establishment of the national division and work on the application of international standards

In accordance with the principle of transparency and disclosure and obtaining the ISO 9001: In addition to this, the Bank's daily efforts to stimulate financial inclusion and focus on the initiative to settle salaries of employees for the purpose of raising the financial coverage of the population who do not have accounts in the banking system, which actually rose from 11% to 22% based on the World Bank Bulletin and for the purpose of restoring confidence in the sector The bank has re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance as well as the establishment of a deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping and restore confidence in the banking sector and thus stimulate the economy 

Through activating the investment and bank financing its initiative the financing of small and medium-sized enterprises and the supervision and leadership of community initiatives funded by the Iraqi banks as a ful Baghdad and support system" rel="">support the Iraqi drama fund and the establishment of two national financing for large projects and the establishment of a fund social and humanitarian benefits and take regulatory action  The establishment of a depository center in the Iraqi stock market and the establishment of a national credit information center. And the Iraqi Payments BoardAt the level of international banking relations, the Central Bank and the exceptional efforts of the Governor and his team have succeeded in restoring relations with Arab and foreign central banks and delivering the achievements of the past three years to the international financial institutions such as the Financial Action Organization, which contributed to the transition of Iraq classification from gray to follow-up

The Governor in 2017 to the Security Council and presented the achievements and organizational and structural development and technical compliance with international standards in financial reporting and enhance confidence in the Iraqi economy and Iraq's ability to Commitment to international credit benefits and accolades of the World Bank and the International Monetary Fund and the Financial Action Task Force have had a clear impact in strengthening economic resilience and financial victory and move steadily towards financial sustainability

All the above achievements make the Central Bank of Iraq, its governorate and its work team worthy of praise and honor. I repeat the invitation of the Iraqi national media to read and read the audiovisual media to enhance the sincere and sincere efforts of the Iraqi fathers who fight terrorism and build the new Iraq in one and highlight the achievements and success stories that Achieved despite all the challenges and that the most prominent of these successes and crises are the successes of the Central Bank of Iraq and its work team who deserve a right word neutral to serve our national economy and Iraqi banking sector

image.jpeg.86fe5d7aef605fba54a4a5699699efb1.jpeg 

by Samir Nusairi

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On 10/4/2018 at 8:05 AM, wciappetta said:

 

The  only item I see left for this stability is the actual forming of the new gov. All the other issues previously sighted by the CBI  are complete.

 

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3 hours ago, climber7 said:

Question

 

Can Iraq’s economy grow like the article states without an RV or rise in value? 

 

 

BUMP

 

Laid back? Synopsis? Anyone? 

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3 hours ago, 10 YEARS LATER said:

Probably generate allot more interest for foreign investment if you got your TP currency globally recognized - 

That is for sure. What I like about this group is that they seem to want to move forward. They just need to find out how. 

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3 hours ago, DinarThug said:

Economic growth is expected to reach 6.5% in 2019.

 

13 minutes ago, climber7 said:

Can Iraq’s economy grow like the article states without an RV or rise in value? 

 

Maybe it can grow  to 6.5% because of the investment money that will be pouring in from other countries for the reconstruction effort.

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