Economist: the signing of the relationship on the currency "no clear and no light"

[yota691]

20 hours ago, jg1 said:

But yet no picture proof of the damaged bills

Here the Video of the wash out money....They haven't put it out on Youtube yet... I keep looking maybe later on today...

[yota691]

An angry demonstration in front of the central bank to account for the culprits sinking the 7 billion

 

An angry demonstration in front of the central bank to account for the culprits sinking the 7 billion

 

Number of readings: 2423 16-11-2018 10:00 AM

 

 

16-11-2018 10:00 AM 

 

Dozens of people from the capital Baghdad on Friday protested to the central bank demanding accountability for the waste of public money.

 Activists on social networking sites circulated a video of angry demonstrators in front of the door of the Central Bank, demanding accountability of those responsible for the sinking of 7 billion dinars. 

[6ly410]

Economist: the destruction of 7 billion dinars aimed at the acquisition of the Central Bank and the exclusion of its governor

 

Economist Hammam al-Shamma

Banks Economy News Baghdad: The economic expert, Hamam al-Shamma, revealed that the reason for raising the issue of the destruction of 7 billion dinars, is that there are those who try to capture the central bank, as well as the replacement of its governor . "The drowning is not limited to the seven billion, but all Iraq is drowning, because of lies, slander, fraud and misinformation. The issue is that the amount of banknotes has become damaged and has been replaced by the bank," Hammam al-Shamma told the Rowadaw media network. The central, had been damaged before the water in the coffers of Rafidain Bank, and is ready for replacement . "After flood and sewage flooded the Rafidain Bank in 2013, some of the funds have become completely damaged. They have been replaced. This is a natural process that occurs in all countries of the world. The banknotes are damaged and consumed. They are replaced naturally by the central bank ." The economic expert pointed out that "the facts are beginning to unfold, and the investigation is not possible at all, unless the investigation is about the poor storage in Rafidain Bank ." As for whether the funds were destroyed or stolen, Al-Shamma continued: "Certainly, I have been destroyed. There are official documents proving that they were destroyed after receiving them from the Central Bank and the signing of this by the committees, which has been officially destroyed, and billions of dinars are damaged annually . As for the reason for raising the issue at this time, he stressed that "there are those who try to capture the central bank, which succeeded in stopping the currency trade, when the exchange rate in the market is almost equal to the bank's rate, as well as the benefits enjoyed by some private banks, "The money transfer companies have gone out of their way, and that is why they are seeking to replace the governor. This question and this whirlwind was raised at the start of the new government in order to replace the portfolio ." The economist pointed out that "the facts began to clarify before the House of Representatives, and I expect that the matter will be soon ." "If it will affect the Iraqi economy, as well as the reputation of the central bank," said al-Shammaa, "it will have no effect on them. But if this dirty plot succeeds in removing the current governor and the acquisition of some political groups that want to benefit, Will deteriorate again, and thus will show the difference, and show the currency trade as it was in the past, and this will lead to the depletion of cash reserves for Iraq and the loss of funds for the benefit of beneficiaries and parasites . The governor of the Central Bank of Iraq announced earlier the damage of 7 billion dinars, "about 6 million dollars," inside a government bank in Baghdad as a result of the leakage of rainwater to the bank's coffers in 2013, which surprised the Central Bank, which confirmed that the subject "is settled procedurally and legally in its date "He said.

http://economy-news.net/content.php?id=14390

Views 98   Date Added 16/11/2018

[jg1]

2 hours ago, yota691 said:

Here the Video of the wash out money....They haven't put it out on Youtube yet... I keep looking maybe later on today...

Thank you yota. Some good video of the damaged dinar, but hope they have a lot more video than that as thats very little money.

[Butifldrm]

Demonstrations in Baghdad demanding the dismissal of the Governor of the Central Bank

 

Demonstrators in Baghdad - today

43 minutes ago

579 views

+ -

Digital Media NRT

Hundreds of civilians demonstrated in the capital Baghdad on Friday, demanding the removal of the governor of the Central Bank Ali Alalak, after the damage of 7 billion dinars were in the bank, because of "rainwater."

On November 16, 2018, demonstrators shouted slogans denouncing the existence of relations in the post of governor of the Central Bank and chanted against him, "while there were other slogans included the demand of Prime Minister Adel Abdul Mahdi to hold the accounts and submit to the judiciary.

The Supreme Judicial Council announced on Thursday its investigation into the sinking of 7 billion Iraqi dinars due to the torrential rains that entered the water to the bank .

The governor of the Central Bank of Iraq, Ali Alalak, earlier that 7 billion Iraqi dinars (about 6 million dollars) was damaged by rainwater in 2013, which sparked political and popular anger in the country .

 

http://www.nrttv.com/AR/News.aspx?id=6509&MapID=2

[Butifldrm]

A bank source reveals the amount of fines imposed by the central bank on some banks

 

Friday 16 November

 

Alsumaria News / Baghdad

 

A bank source revealed on Friday that fines imposed by the central bank on some banks amount to 360 billion dinars within two years.

 

The source said in an interview with Alsumaria News, "The size of fines imposed by the Central Bank on some banks amounted to 360 billion dinars (during the last two years) and the limit of 100 billion dinars as miscellaneous fines."

 

The source, who asked not to be named, that "a large part of those fines related to fraudulent customs statements and irregularities related to the work of banks and the mechanism of application controls," pointing out that "these banks have been transferred files (more than 600 cases and a case) to the judicial organs for decision With reference to the withdrawal of licenses of some companies and financial institutions for violating the laws of banking operations. "

 

"These fines and penalties may be an important reason for the attacks currently facing the monetary authority of some of those affected," the source said.

 

https://www.alsumaria.tv/news/252813/مصدر-مصرفي-يكشف-حجم-الغرامات-المفروضة-من-البنك-الم?utm_campaign=Alsumaria-Web-Push&utm_source=News&utm_term=Web-Push-News-252813&utm_medium=252813-مصدر-مصرفي-يكشف-حجم-الغرامات-المفروضة-من-البنك-الم

[Butifldrm]

Al-Maliki and Abadi's decisions will be canceled and the governor of the Central Bank will be removed

12:30 - 16/11/2018

0

 

  

Information / Special ...

The MP of the Alliance of Suzer Muzaffar Ismail, Friday, that the central bank governor agency on the relations will not remain in office and will be questioned within parliament, indicating that the decisions of Maliki and Abadi, especially related to the positions of the Agency will be canceled.

"The governor of the Central Bank is not professional and was assigned by Nuri al-Maliki during his term as prime minister in 2010, in that Iraq had a lot of competent and experienced people who can take over the management of the Central Bank."

He added that "Maliki came in a relationship with the governor of the Central Bank Agency, and did not correct Sinan Shabibi at the time, although the latter is known at the level of countries with his experience and efficiency."

He explained that "Parliament is supposed to cancel the decisions of al-Maliki and Abadi, and does not put the most focus on the latter, one of them to remove the relations from the Central Bank and the appointment of a professional personality fair in the field."

"He said that" the parliament will question the governor of the Central Bank and the agency on the links, pointing out that "the relationship will not remain in office after the interrogation, and will be canceled decisions of al-Maliki and Abadi, especially related to the positions of the Agency."

He stressed that "the failure experienced by Iraq during the last period came because of the administration of the ministries and agencies acting, without the development of solutions or come in an efficient person and put it in the right place for him." End 25 n

https://www.almaalomah.com/2018/11/16/364756/

[jg1]

51 minutes ago, Butifldrm said:

governor of the Central Bank will be removed

Another one of malarki's men out😋🌸

[NEPatriotsFan1]

This could be great! Bring back Shabbibi!!! Flip the switch stop the auctions after note reduction❗️Raise the value and give the protestors purchasing power......oh and if you can do this this weekend that would be great! 😂

[6ly410]

Alaq is ranked 30th among the best central bankers in the world .... just saying 

[10 YEARS LATER]

One moment you can be a HERO, a moment later a ZERO.  

 

Perhaps there might have been a premature annunciation in the laudatory praisings of the CBI  Chief... just saying.

[NEPatriotsFan1]

3 minutes ago, 10 YEARS LATER said:

One moment you can be a HERO, a moment later a ZERO.  

 

Perhaps there might have been a premature annunciation in the laudatory praisings of the CBI  Chief... just saying.

Exactly! What have you done for me lately?!

[6ly410]

I don’t believe a word they say.....the initiative  by alaq is unstoppable imo we will see.......

[danielchu]

1 hour ago, 6ly410 said:

Alaq is ranked 30th among the best central bankers in the world .... just saying 

And seems to be removed!

[6ly410]

Just now, danielchu said:

And seems to be removed!

Haha we will see

[blueskyline]

Looks like the Enemies of the Monetary Reforms are throwing everything they can to derail a New Iraq . Angry citizens don't need well printed out banners to get their point across . Plus they are well aware who has been stealing and for how long . The WTO, IMF ,US and other organizations have been at the CBI for a few years now . They know full well the condition of things at the CBI. They helped make it succesful.

[yota691]

Deputy: the hosting of the relationship and the director of the Iraqi Bank under the dome of Parliament revealed a lot of palaces

 

Friday 16 November

 

 

Alsumaria News / Baghdad   A member of the parliamentary finance committee Muthanna al-Samarrai, on Friday, that the hosting of the Governor of the Central Bank Ali Alaq and the Board of Directors of the Bank and the Director of the Iraqi Commercial Bank under the dome of parliament revealed a lot of "shortcomings.   " The hosting of the Governor of the Central Bank and the Board of Directors of the Bank and the Director of the Iraqi Commercial Bank (TBI) with him under the dome of the parliament revealed a lot of shortcomings in performance," said Al-Samarrai in a tweet to him on Twitter, followed by Alsumaria News. "The confusion was clear in providing unconvincing answers to the Council MPs, and dominated by the status of public, which increased the confusion of public opinion and provoked rather than to clarify the facts.     "The financial problems and administrative procedures in the work of the Iraqi Commercial Bank (TBI) are much greater than those of the Central Bank of Iraq ," he said. The public opinion is not concerned about the size of the problems in that bank and called for disclosure, and all competent bodies to stop the wheel of corruption and waste in public money and not to ignore it.   The House of Representatives hosted, a few days ago, the Governor of the Central Bank and Board of Directors of the Bank and the Director of the Commercial Bank of Iraq (TBI).

[yota691]

News on the removal of the Governor of the Central Bank of Iraq from his post

 

 Twilight News    
 3 hours ago

Shafaq News / Informed media sources said on Friday that the Prime Minister Adel Abdul Mahdi, dismissed the governor of the Central Bank of Iraq acting on the links.

The sources said today that information indicating the signing of Abdul Mahdi to dismiss the ties from his post against the backdrop of the recent confirmation of the damage of 7 billion Iraqi dinars water.

The sources added that Abdul Mahdi assigned the Iraqi businessman Ahmad Al-Sarraf to the post of governor of the Central Bank.

The relations had said on Monday during hosting the parliament that the amount of 7 billion Iraqi dinars (5 million 882 thousand dollars) was damaged by 100 percent, due to leakage of rainwater to the coffers of Rafidain Bank, reducing the importance of the matter because the amount is worth only the cost of printing .

The statements made by the Governor of the Central Bank of Kuwait have been widely discussed and questioned about the quality of the currency and the place of deposit, and the measures that the Bank provides to protect local currency against damage caused by any opposition to it.

About two months ago, the governor of the Central Bank Ali al-Alaq raised a great controversy after putting his name on the Iraqi currency instead of signing, in an unprecedented precedent since the establishment of the Iraqi state in 1920.

A month before the end of the government in March 2016, Prime Minister Nuri al-Maliki appointed the Secretary-General of the Council of Ministers Ali Al-Alaq as Governor of the Central Bank.

 

 

Keywords: 

[Floridian]

5 hours ago, 6ly410 said:

Alaq is ranked 30th among the best central bankers in the world .... just saying 

 

This is a riot!  First I didn't like him because he had no experience and was nothing like Shabibi.  But then, they gave him all the awards saying what a great Central Banker he was, so I started to change my mind about him.  Then they complained about him putting his name on the currency, and now he didn't properly care for the money so it got flooded.  You can't make this stuff up!  😂

 

 

 

[Floridian]

"The sources added that Abdul Mahdi assigned the Iraqi businessman Ahmad Al-Sarraf to the post of governor of the Central Bank."

====================================

Iraqi Business man?

No Central Bank experience?

Does this mean he has to "get up to speed" before we have an RV?

AND.......how long is THAT gonna take?

[Shedagal]

5 hours ago, 6ly410 said:

Alaq is ranked 30th among the best central bankers in the world .... just saying 

Remember in 2012 when Shabibbi was ready to RV, so Maliki had him arrested and took control of the CBI?  I see all of this now as cleaning house (sort of like draining the swamp).  I think this is a great move.

[Half Crazy Runner]

Shaking things up. This could be good ...  

[6ly410]

House is already cleaned up.. all they doing is starting the inititiave imo 

[Hotcurl]

1 minute ago, Floridian said:

"The sources added that Abdul Mahdi assigned the Iraqi businessman Ahmad Al-Sarraf to the post of governor of the Central Bank."

====================================

Iraqi Business man?

No Central Bank experience?

Does this mean he has to "get up to speed" before we have an RV?

AND.......how long is THAT gonna take?

Lets wait to see his resume and then decide.

IMHO - This is a very good move by Mahdi. No more Maliki cronyism at the CBI.

Hopefully the crooked CBI auctions are done and the REAL exchange rate can be presented.

Interesting times ahead for us. I'm very positive about things to come

Semper Fi

RV there yet ?

 

[6ly410]

They actually really gonna clean house now by removing the currency auction...let’s see how this unfolds..