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


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Rafidain shows the fact that 7 billion dinars is damaged by rain

In local  November 14, 2018 on Rafidain shows the fact damaged 7 billion dinars due to rain closed 103 visits

 
Baghdad / SNG - The director of the Rafidain Bank, Khawla al-Asadi, on Wednesday, the causes of damage of 7 billion dinars from the bank account due to rain.
Al-Asadi said in a televised interview that "Al-Rasheed Street's dilutions brought rainwater into the bank's treasury and the water flowed to it, which was empty and the currency was old and can not be pumped into the market."

 

 

She added that "the damaged currency had to be delivered to the Central Bank," indicating that "the average age of cash does not exceed the year, which is damaged is old and obfuscated even if it remained more than 48 hours to be finalized."

Al-Asadi noted that "of the damaged currency is the category of 1,000 dinars, and was not negotiable."

The governor of the Central Bank of Iraq, the agency Ali Aliak, said during a meeting hosted by the House of Representatives, that "the rain caused damage 7 billion Iraqi dinars, indicating that" the damage was before taking office when the coffers of the Rafidain Bank to sink because of heavy rains in 2012 .

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Iraq cynical after the announcement of "sinking 7 billion dinars"

 

Iraq mocks the irony after the announcement of "sinking 7 billion dinars"

 Twilight News    

 18 minutes ago

 

Iraqi activists launched a campaign on social networking sites, to ridicule the announcement of the governor of the Iraqi Central Bank $ 7 billion ($ 6 million) in a government bank due to rain in 2013.

The governor Ali al-Alaq had said before parliament: Monday, "The 7 billion dinars were damaged by the entry of rainwater and drowned the coffers of Rafidain (government) in 2013, which led to the damage of banknotes by 100 percent."

Twitter activists quickly called the label "# sinking_7_million" to ridicule the statements of the relations, although he stressed that the losses do not mean the loss of seven billion, but the loss of the value of printing paper, which is up to 4 cents at most.

"The Prophet Joseph stored wheat for 7 years and what is damaged .. And the relationship with a rainbow of seven billion .. This they call money laundering .. Fear knows what."

"Yesterday, $ 20 billion was stolen because the treasury is not fire-resistant. Tomorrow, $ 200 billion is being stolen because the treasury is not bullet-proof. In conclusion, the bank was completely stolen because the building fell because of strong winds," said another user. .

Others said it was nothing more than an attempt to cover corruption. "A new way to steal," said another, while another said the whole subject was "lying" while another said: "Money laundering, money laundering. All this you find in the Governor of the Central Bank of Iraq.

Others criticized the silence of the parliament and the absence of accountability, and one of them said: "Of course the public money is loose and Hassib .. Keywords say that the rainwater that entered the Rafidain Bank has destroyed 7 billion!

Activists also published sarcastic images, while others went further, posting videos of practical experiments proving that the paper currency was able to withstand the water, in an attempt to question the statements of the relationship.

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/574dad9e-a815-4963-83e6-379336ccdb9d

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London newspaper: the statements of the relations turned into a mockery of Iraqis with the slogan # Nk_vlosk

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LONDON, Nov 14 (Reuters) - The statements of Iraqi central bank governor Ali al-Aalak, made before parliament in a private session, have damaged seven billion dinars The rain, claiming that the water leaked inside the basement of the Rafidain government, to a rare material and ridicule on the means of social networking in an attempt by Iraqis to declare that they do not believe this statement and that corruption is responsible for the loss of these huge amounts of public money.

And the newspaper added, " The militants fired" marking # Nkaa_wlosk "which is offered through dozens of photos and videos to the Iraqis as they soak their money in the water for several hours, then Akhtaiwnha mud without get wet, wondering which the fate of the 7 billion Iraqi dinars supposed to be "The leader of the Dawa Party, Ali al-Alaq, who is one of the closest associates of Nouri al-Maliki, had taken over the administration of the Central Bank of Iraq by proxy for more than four years, While Iraqi journalists, citizens and activists conducted experiments on Ano P of different paper currencies Bthbliha water to refute the novel 's central bank governor and published their experiences on networking sites.

"Is it reasonable that the state treasury is not protected by cameras or protection against fire and rainwater? Suppose they are not protected and there are no cameras, you are liars and pickpockets. " Finished

 

https://www.iraqpressagency.com/?p=291391

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Parliamentary Integrity: Corruption of 7 billion dinars scandal scandals and a new way of theft and fraud

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BAGHDAD - The Parliamentary Integrity Committee on Wednesday described the damage of 7 billion dinars as a result of the rain in Rafidain Bank, "scandal scandals."

 

"The case of corruption of 7 billion dinars is a scandals and one of the methods of fraud and the fabrication of a new heresy is added to the series of innovations and other methods, such as an electric petition and the House of Representatives to open an investigation into this matter. "And asked why" the Central Bank did not keep the damaged amounts to show and why it was raised at this time. " 

The alliance of Saron announced his intention to call the governor of the Central Bank and the agency on the special session for questioning about the damage of seven billion dinars with rainwater.

 

Ali al-Ghawi, a deputy for the governor, said that "the governor's claim that more than seven billion dinars was lost as a result of the rains is surprising and confirms the existence of suspicions of corruption,

He stressed that the central bank and banks have huge private deposits to save money and deposits and be fully insured from all climatic conditions and to protect them from thefts and others. Finished

 

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Eighth electronic newspaper

Ahmed al-Hajja, a member of the Finance Committee in the parliament, revealed a claim on Ali Al-Alaq, evidence proving the sinking of 7 billion Iraqi dinars.

After the statements of the relations, during its meeting in parliament when he talked about the damage of a huge amount of 7 billion dinars because of sinking with rain water, received a wave of anger and large crowds among Iraqis on social networking sites Facebook, Twitter and YouTube.

"We do not care about the amount, but the most important thing is the number of banknotes because they are the ones who determine the cost of losses, not the amount written on paper," he said.

The MP revealed: "In the cash accounts are the money circulating and not in the coffers of the Central Bank, and thus these money traded and calculated, not as stated by the fact that these securities have no real value as long as they are in the coffers of the Central Bank.

Al-Hajja said: "We asked Al-Alaq to attend the next week with all the information on this issue so that we know the full truth and the extent of the losses, who is responsible and whether the money was actually destroyed or that there are other problems."

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Rafidain Bank: The amount of seven billion dinars was damaged and replaced by the controls

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 Banks

Economy News - Baghdad

Rafidain Bank on Wednesday issued a clarification on the amount of seven billion dinars, stressing that these banknotes were "damaged and ready for replacement."

 

The director of the Rafidain Bank Khawla al-Asadi said in a statement, "Economy News", "What happened in 2013 of the losses in the street Rashid caused by heavy rain led to the cracking of some of the walls of safes and the rise in water level Tigris River above the level of safes, Led to the entry of water from the doors of safes and walls and through the drainage networks, which represents a force majeure on the bank.

 

"The destruction of banknotes and replacing them with the Central Bank is a legal process according to the law and controls and instructions adopted in the management of cash between the Central Bank and banks."

 

Al-Asadi pointed out that "the banknotes that were exposed to water in time are bad notes that were intended to be exchanged with the Central Bank, based on article 34, paragraph 1, of the Central Bank Law No. 56 of 2004, which states that the legal currency of non-negotiable paper and metal currencies Without prejudice to paragraph (h) of this Article, the Central Bank shall withdraw any paper or metal currencies that are in a non-negotiable condition and execute them and exchange them in paper or equivalent currencies in value.

 

"The replacement was at a cost and commission according to the controls of the Central Bank after due diligence was taken to prove the case and all concerned parties in the whole subject."

 

The governor of the Central Bank Ali Al-Alaq made statements during his hosting before Parliament, before Monday, "12 November 2018" in which he said that the amount of 7 billion Iraqi dinars were damaged by 100 percent, due to leakage of rainwater to the coffers of Rafidain Bank.

Views 107   Date Added 11/14/2018

http://economy-news.net/content.php?id=14372

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1 hour ago, yota691 said:

"We do not care about the amount, but the most important thing is the number of banknotes because they are the ones who determine the cost of losses, not the amount written on paper," he said.

Yes, thats nice to hear, again. Reduce the note count.!

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A deputy asking the parliament to include in its proposal by deducting the amount of each barrel of oil and distribution to each Iraqi
 
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 money and business


Economy News - Baghdad

MP on the coalition of state law high Nassif, on Wednesday, Speaker of the House of Representatives Mohammed Halbusi to include in its proposal to deduct the amount of each barrel of oil and distribution to each Iraqi citizen within the budget of 2019.

"The national duty and moral responsibility before the Iraqi people require the inclusion of our proposal (to issue a decision to deduct the amount of each barrel of oil and its distribution to the Iraqi people) within the budget of 2019, which the House of Representatives intends to approve," Nassif said in a statement received by " Expressing confidence in "the directions of the President of the House of Representatives to harness all the possibilities of the legislative authority in the service of the Iraqi people and improve the standard of living through legislation and laws that are in the public interest."

Naseef has submitted a request to the Presidency of the House of Representatives, backed by the signatures of fifty deputies on 8 November 2018, approving the issuance of a decision to deduct the amount of each barrel of oil and distribution within the ration card for each individual Iraqi, based on Article (59 / p 2) of the Constitution.

It also included its intervention yesterday to host the Minister of Finance and his committee and ask them to include the request in the budget of 2019.

http://economy-news.net/content.php?id=14364
 
Views 65   Date Added 11/14/2018

 

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2018-11-14 BY SOTALIRAQ

 

Iraqis challenge the Governor of the Central Bank to prove an order

 

 

The remarks made by the Governor of the Iraqi Center for Iraq Ali al-Alaq, during his hosting of the parliament for the damage caused by the huge amount of rain water, a wave of anger among Iraqis on social networking sites.

Al-Alak said on Monday that the amount of 7 billion Iraqi dinars (about 5 million 882 thousand dollars) was damaged by 100 percent, due to leakage of rainwater to the coffers of Rafidain Bank, underestimating 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.

The activists did not let the story pass easily. One of them posted a video clip in which he responded to the Governor's remarks by placing a paper currency in the water. Then the mud was poured on it and washed with detergent, and yet it was not damaged. How did the rainwater destroy 7 billion dinars?

The activists accused Iraqi officials of "inventing a new way to steal public money by throwing the reasons for the weather conditions and that what happened is a judgment and a measure of weather conditions."

The leaders of social networking sites called on Iraqi Prime Minister Adel Abdul Mahdi to investigate the matter and reveal the fate of this huge amount of Iraqi domestic cash.

Others ridiculed the reason cited by the governor of the Central District, where one of them wrote: "If you said that a gram ate them, it would be better for you."

Activists called on the Iraqi prime minister to dismiss the ties because he was the "legacy" of the government of former Prime Minister Nuri al-Maliki, accusing the latter of appointing the relations during the period of business to keep Iraqi money under the control of the Dawa Party.

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.

https://www.sotaliraq.com/2018/11/14/عراقيون-يتحدون-محافظ-البنك-المركزي-لإ/

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Central Bank: sinking of 7 billion dinars occurred in 2013 and not now
 
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Central Bank of Iraq
  

 Banks


Economy News Baghdad:

The Central Bank of Iraq announced on Wednesday that the sinking of 7 billion dinars occurred during the time of the former central bank governor, Abdul Basit Turki, not during the current governor Ali al-Alaq, calling on the media to be careful and careful in the transfer of news concerning the Central Bank because it affects stability Financial and price.

The central bank said in a press statement received by "Economy News", "in light of what avenge the current issue of sinking the amount of 7 billion dinars, the incident occurred in Rafidain Bank in 2013 at the time of Dr. Abdul Basit Turki his role as governor of the Central Bank," adding that Turki in addition To the fact that he was the head of the Financial Control Bureau in that period has taken what must be taken in accordance with the law and instructions of the Central Bank and the supervisory bodies of the State .

He pointed out that one of the functions of the Central Bank according to its law is the replacement of damaged and invalid papers, and this is done continuously to maintain the sustainability of dealing in local currency and stability .

He added that "the cost of replacing the banknotes is the cost of printing, which is different from the value of the currency much, not loss of 7 billion dinars, as promoted by some," adding that "the currency that was sinking would have been replaced even if it did not sink because its life is over . "

He stressed that "the Central Bank expresses its deep surprise to raise this issue after five years and at this particular time, noting that the subject is settled procedurally and legally in its history . "

The Central Bank called on the media to be careful and careful in the transmission of data and deal with it because of its impact on the state of financial and price stability achieved by the Central Bank of great efforts and recognition of international organizations during the past years .

http://economy-news.net/content.php?id=14374
 
Views 254   Date Added 14/11/2018
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2 hours ago, bigwave said:

I hear ya 16 years later.

 

I saw on a Q post the other day "patience is bitter but the fruit will be sweeter - with patience."

 

Indeed.....  the circle of life. . . . truth in the quote.

 

Im no Buddhist monk, but I have spent time at Holiday Inn Express (s). 

 

Thanks :tiphat:

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2018/11/14 19:49
  • Number of readings 106
  • Section: Iraq
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Central: the incident of seven billion dinars in 2013 in the era of Abdel Basset

The Central Bank of Iraq issued on Wednesday, November 14, 2018, a statement on what was raised about the amount of seven billion dinars, which was reported by the Governor of the Central Bank Ali Alaq, stressing that the incident occurred in Rafidain Bank in 2013 at the time of Abdul Basit Turki mission As Governor of the Bank.

"The obelisk" publishes the text of the statement:

The accident took place in Rafidain Bank in 2013 at the time of Dr. Abdul Basit Turki as governor of the Central Bank, in addition to being the head of the Financial Control Bureau at the time and took what must be taken in accordance with the law and instructions of the Central Bank and the supervisory bodies of the state.

In addition to the fact that the cost of replacing banknotes is the cost of printing them, which is different from the value of the currency much, not loss of 7 billion dinars, as promoted by some , Knowing that the currency that sank would have been replaced even if it did not sink because its life span was over.

The bank is very surprised to raise this issue after five years and at this particular time. The subject is legally and legally determined in its history. We call on all media to be careful and careful in the transmission of data and dealing with it because of its impact on the state of financial and price stability achieved by the Central Bank With great efforts and the recognition of international organizations over the past years.

 

 

Follow the obelisk

http://almasalah.com/ar/news/155836/المركزي-حادثة-السبعة-مليارات-دينار-في-2013-في-حقبة-عبد-الباسط

 

 
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Sadr's policy on the 7 billion and the judiciary demands immediate arrest

Sadr is commenting on the 7 billion and the judiciary demands immediate arrest

Twilight News    

 6 hours ago

The leader of the Sadrist movement Muqtada al-Sadr said on Wednesday that the 7 billion dollars in the central bank "a small point in the sea of corruption and spoilers."

Al-Sadr called on the judiciary to issue an immediate arrest warrant for those responsible for the incident.

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 2018-11-14 BY SOTALIRAQ

The Central Bank issues an explanation on the damaged billions

Iraq's central bank on Wednesday issued a clarification on the seven billion dollars damaged by the rains.

"In the light of Mithar currently on the subject of sinking the amount of 7 billion dinars, the bank would like to clarify the following:

1 - The accident took place in Rafidain Bank in 2013 at the time of Dr. Abdul Basit Turki as governor of the Central Bank in addition to being the head of the Financial Control Bureau at the time and has taken what must be taken in accordance with the law and instructions of the Central Bank and the supervisory bodies of the state.

 

2 - The functions of the Central Bank according to its law is the replacement of damaged and invalid papers and this is done continuously to maintain the sustainability of dealing in local currency and stability.

 

3 - The cost of replacing banknotes is the cost of printing, which is different from the value of the currency much and not loss of 7 billion dinars, as promoted by some. Note that the currency that sank would have been replaced even if it did not sink because the default life is over.

 

4 - The Central Bank expresses its deep surprise to raise this issue after five years and at this particular time, noting that the subject is settled procedural and legal in its history.

This bank calls on all media to be careful and accurate in the transmission of data and deal with it because of the impact on the state of financial stability and price achieved by the Central Bank of great efforts and recognition of international organizations over the past years.

https://www.sotaliraq.com/2018/11/14/البنك-المركزي-يصدر-توضيحاً-بشأن-الملي/

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2018-11-14 BY SOTALIRAQ

Iraq's parliament investigates "millions of dollars in damage"

 

 

The Iraqi Council of Representatives is investigating how to damage 7 billion Iraqi dinars (about 6 million US dollars), as a result of the entry of water to the treasury of the Rafidain government after heavy rains, in an incident dating back to 2013. 
While replaced the damaged funds with new ones, The Central Bank Ali Al-Alaq, who was not in office at the time, to the questions of deputies during a session held on Monday. 
"In 2013, the coffers of the Rafidain Bank were drowned by the heavy rains that occurred at the time, entered into the coffers of the bank and caused damage to banknotes of up to 7 billion dinars." 
He explained that "the Central Bank received these papers and compensated," stressing that the loss occurred was the cost of reprinting, and kept the banknotes the same value.
But MP Hoshyar Abdullah, a member of the Finance Committee in parliament, said, "We have concerns about how to enter water to the store, and this is in doubt for us, so we will conduct an investigation as soon as possible," adding that the response of the Governor of the Central Bank " Be clear ". 
MP Majida al-Tamimi, a member of the Planning and Follow-up Committee of the government's work, stressed the need for Parliament to give more details on the case, which is still being investigated. 
Iraq has lost over the past 15 years amounts of 194 billion euros of public funds, almost three times the budget of the country. 

Corruption is responsible for this through various methods, including fake contracts and salaries of fictional employees, according to parliament.

https://www.sotaliraq.com/2018/11/14/برلمان-العراق-يحقق-في-تلف-ملايين-الدول/

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  • yota691 changed the title to Economist: the signing of the relationship on the currency "no clear and no light"

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