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


yota691
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 Shabibi was in the office at the time maybe he could shed some light.  I might be wrong but didn't Malarki try to get money from

the CBI  and Shabibi was not having it and left the country?  Then PM Malarki put Alaq in the office.  At this point I don't know whether

I'm coming or going regarding theses crazy people. :)

:twothumbs: Butifldrm

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14 minutes ago, nannab said:

 Shabibi was in the office at the time maybe he could shed some light.  I might be wrong but didn't Malarki try to get money from

the CBI  and Shabibi was not having it and left the country?  Then PM Malarki put Alaq in the office.  At this point I don't know whether

I'm coming or going regarding theses crazy people. :)

:twothumbs: Butifldrm

 

shabbs stopped maliki twice from taking central bank reserves guess maliki figured heck that money is just laying around someone outa steal it ... shabibi was out of iraq at a banking conference maliki put a bogus trumped up  arrest warrant on him , he never returned , maliki then jailed many of shabibi bank staff  . Turki was put in shabibi's place as proxy gov. to continue the heist that never happened either then alak was put in the chair and here we sit in hopes one day of a internationally traded & recognized iqd  ... Peace dv 

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8 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."

 

thanks bigwave, if one has kept ones money in this patiently for years then the $ugar rush better spike a mile high ....

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10 minutes ago, nannab said:

Thanks 3n1  :D  So Turki should be questioned I would think.

 nanab , who really knows right , rafidain bank was one that had a lot of corruption they had a lot of counterfeit money getting exchanged thru the bank and who knows what else , but to me over the years most in iraqs leadership only wanted to serve themselves and few put the interest of the country first,  its like without them having a hardline dictator ruling them their freedom has been a license for the corrupt to gain all they can while the country burns down around them , have they made progress u bet are they where they should be with all thats been given for their success well thats open for opinion ... all the best to us all  

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10 hours ago, Donziman said:

forming a committee to find the corrupt. Have they said this before?  How about

starting with a look in the mirror  Lol

 

Right you are " D'man "  - Apparently forming the committee to find the corrupt, was, well . . . FULL of corrupt people. The Fox watching the Hen House, as it were.

 

Keep trying " over there " . . . gotta be at least half a dozen honest folks in Iraq . . . somewhere. 

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Al-Sadr comments on the 7 billion: I call on the judiciary to charge them with an order to arrest them immediately

06:04 - 14/11/2018

 
image
 
 

 

Baghdad - Mawazine News 

The leader of the Sadrist movement Moqtada al-Sadr, on Wednesday, an incident damage the amount of seven billion dinars, which was reported by the central bank governor Ali al-Alaq as "a small point in the sea of corruption and spoilers." 

"The seven billion is only a small point in the sea of corruption and spoilers," Sadr said in a tweet on Twitter. "What is their excuse is not refuted and what remains is a number, if the people expose them and corruption abhors them." 


"I call upon the impartial judiciary to hold them accountable for issuing an order to arrest them immediately and to investigate them and their families, known for their corruption and vice, and to infringe on the people's unjustly," he said.

The governor of the Central Bank Ali Alalak made statements during his hosting before parliament on Monday, "November 12, 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. Finished 29 / d

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Legal adviser: The explicit recognition of the bank's governor on the 7 billion requires legal accountability

08:49 - 14/11/2018

 
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Special - balances News 
confirmed the legal adviser, Ahmed al - Abadi, Wednesday, the explicit recognition of the central bank governor, on damage 7 billion dinars, due to rain water requires legal accountability in accordance with the provisions of Article 341 of the Iraqi Penal Code. 
"The recognition of the governor of the Iraqi Central Bank frank before the House of Representatives on the damage of billions of dinars because of rainwater, and that this recognition is true, it requires legal accountability in accordance with the provisions of Article 341 of the Penal Code."
He explained that "Article 341 states:" A penalty of imprisonment for a period not exceeding three years or a fine not exceeding three hundred dinars shall be imposed on any employee or public service officer who causes his grave error in causing serious damage to money or the interests of the entity in which he works or Or the interests of the persons concerned, whether due to gross negligence in the performance of his functions or from the abuse of power or serious breach of his duties. " 
The governor of the Central Bank Ali Alalak, made statements during his hosting before the House of Representatives, the first Monday (12 / Nov / 2018), 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. End n / a

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"Central Iraq" illustrates the fact that sinking 7 billion dinars

"Central Iraq" illustrates the fact that sinking 7 billion dinars
Currency in Iraqi Dinar
 15 November 2018 01:58 PM

Direct: The Central Bank of Iraq, that the accident sinking 7 billion dinars, signed in 2013 in the Rafidain Bank.

The central Iraqi said in a statement on Thursday that Abdul Basit Turki, who was the governor of the bank and the presidency of the Office of Financial Supervision at the time, took the necessary legal measures at the time.

The statement added that one of the functions of the Central Bank according to its law is the replacement of damaged and invalid papers, which is done continuously to maintain the sustainability of dealing in local currency and stability.

He explained 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, pointing out that the topic is settled procedurally and legally in its history.

The currency that sank would have been replaced even if it had not sunk because its life span was over, the statement said.

 

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Thursday, November 15,
 
 
 
 
 
 
 
 
 

The materials used to print the Iraqi currency are not damaged by water, paper money in general is not made from ordinary paper used in writing, but is made of cotton to be completely protected from damage that is damaged. 

The incident of Rafidain Bank, which caused the destruction of seven billion dinars since the announcement by the governor of the Central Bank Agency on the links until his statement turned into a material of ridicule and suitable to criticize the corruption in Iraq .

 

 


Has circulated a book, academics, journalists and Iraqi activists through the means of communication video speaking through the House of Representatives, in which he said that the rainwater witnessed in the country recently entered the coffers of Rafidain Bank and caused serious damage to banknotes stored 100 percent and was replaced by the bank Central. 

Despite the reference to the links that the Rafidain Bank has documents to prove the validity of the issuance of currencies that have been damaged, but so far did not show any evidence of the currency that entered the rainwater. 

From the point of view of banking experts, if the damaged currency is real, the central bank's decision to replace it is normal and proper, but it must take punitive measures against Rafidain Bank because of the prevention and protection measures of the currency.

But there is no real evidence to prove this. Most skeptics believe that banks are often equipped with cash registers that save money, fire and other risks. 

You can view the report on the video above.

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Democratic comment on the sinking of the funds of Rafidain Bank and reveals the loss of 6 billion dollars

03:14 - 15/11/2018

 
image
 
 

BAGHDAD - Mawazine News The 
leader of the Kurdistan Democratic Party Majid Shankali, on Thursday, to destroy 7 billion dinars as a result of leakage of rain water to Rafidain Bank, while revealed the loss of 6 billion dollars. 
"The politicians, the people and the parties set up the world and did not settle it because of the loss of 7 billion dinars as a result of the rains, but they did not talk when more than 6 billion dollars of Iraqi government money was lost because of the Kirkuk oil," Shankali said in a tweet on Twitter. 
He pointed out that "stop the export of Kirkuk oil across the region cost Iraq a loss of $ 6 billion and did not speak any one subject because it will affect their interests and smuggling of oil."

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The billions of wet relations turn into ridicule in social communication

03:19 - 15/11/2018

 
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The member of the Finance Committee in the Parliament, Ahmad Haj Rashid, the Central Bank Governor's claim on the facts, the private statements and evidence of the sinking of 7 billion Iraqi dinars. 
Al-Aalak's remarks, during his hosting of the parliament, about the damage caused by a huge amount of 7 billion dinars due to sinking in the rainwater, sparked a wave of anger among Iraqis on social networking sites. 
"We do not care about the amount, but the most important thing is the number of banknotes because it is the cost of the losses, not the amount written on paper," Rashid said. The MP added: "In the cash accounts are the money traded and not in the coffers of the Central Bank, and therefore these money traded and calculated account, and not as stated by the Governor of the Central Bank that these securities have no real value as long as they are in the coffers of the bank.
He explained: "We asked the Governor of the bank to come next week all the data on this issue so that we know the extent of losses, and who is the culprit and whether the money was actually destroyed or there are other problems." 
Asked about the quality of the currency being printed in Switzerland and its resistance to water, activists asked how it could damage the rain. MP said: "Actually, officials of the Central Bank talk during our previous meetings on the quality of the Iraqi currency, and that citizens have the right to this question and sometimes washed with clothes and nothing happens to them, and therefore we want to check this information." 
"I am an economist. I do not care what the amount is, but the number of papers that have been damaged, because the cost is due to the number of banknotes and not the total amount of the local currency."
He added: "Each paper is printed in a certain amount of money, as the currency category of 50 thousand Iraqi dinars, printed six cents, and this amount is collected on the number of banknotes damaged, not to mention the high cost, as the US currency category of one hundred dollars applied four cents. 
Al-Aalak made statements during his meeting with the parliament, saying 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, underestimating the importance of the matter because the amount is worthless Only the cost of printing. 
For his part, demanded the alliance Sawsan, the head of the Central Bank Agency Ali Alalak, clarifying his statements about the damage of seven billion dinars, which was allegedly damaged as a result of rain water. MP Mohammad Reza, said that the words of the relationship about the destruction of these amounts of money is not justified and has to clarify more to reveal the culprits in this case.
He added: When there is damage to the "seven billion dinars," it means the existence of defaulters due to negligence and lack of attention, calling for more clarification about the destruction of those funds and the disclosure of the names of the defaulters to the public opinion to take legal action against them. The governor of the Central Bank Ali Al-Allaq revealed the damage of seven billion dinars due to rain water, and said the money was in the treasury of Rafidain Bank. 
In response to comments by the Central Bank's governor, Ali Al-Alaq, on the loss of 7 billion dinars as a result of the rainwater that leaked to the coffers of the Rafidain government bank in 2014. According to publications of a number of activists, Observers of the new corruption and waste of public money, rejecting the justification of the relations, during the parliament session last Monday, on the damage of billions of dinars as a result of leaking in the water hit the treasury of the government bank.

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%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9

Eighth electronic newspaper

The Central Bank of Iraq issued yesterday its first statement on what is currently being raised about the subject of sinking the amount of 7 billion dinars.

"In view of the current issue of the 7 billion dinar sinking, the bank would like to clarify the following:

In four points

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 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, knowing that the currency that was sinking would have been replaced even if it did not sink because the life of the default 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 circulation 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.

 

 

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636243370998340908-%D9%85%D8%AD%D9%85%D8

Eighth electronic newspaper

MP Mohammad al-Karbouli commented on Ali al-Alaq, the governor of central al-Baq, on the sinking of 7 billion dinars in rainwater.

"The recognition of the relationship is a recognition of the governor of the central bank," he said. "How do we trust an official who acknowledges that his financial institution is so meager that it has not been able to protect Iraqis' money from the rainwater?"

# Adhir_aqbh_mn_znb pic.twitter.com/tycGAu8rvj

- Mohamed Karbouli (@mohamdalkarboli) November 14, 2018

 

 

 
 
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%D9%81%D9%84%D9%88%D8%B3%D9%A2.jpg?resiz
Eighth electronic newspaper

 

Today, the leader of the Kurdistan Democratic Party, Majid Shankali, for the loss of more 6 billion dollars of Iraqi government funds added to the 7 billion dinars, which was announced by the Central Bank to be damaged in Rafidain Bank in 2013.

"The politicians, the people and the parties set up the world and did not sit down because of the loss of 7 billion dinars as a result of the rains, but they did not talk when more than 6 billion dollars of Iraqi government money was lost because of Kirkuk oil," Shankali said in a tweet on Twitter.

The loss of Iraq from stopping the export of Kirkuk oil through the region is estimated at $ 6 billion and all is silent because the issue is not in the interest of the parties and the armed factions because it will affect their smuggling of Kirkuk oil for their benefit, 7 billion dinars is being damaged because of the rain. 
# Banana Republic

- Dr.Majid Shankali (@majidshingali) November 15, 2018

 

 

He pointed out that "stopping the export of Kirkuk oil across the region cost Iraq a loss of 6 billion dollars." He said that "no one spoke the subject because it will affect their interests and smuggling of oil, which earns them a day more than one million dollars."

 

The governor of the Central Bank of the Agency Ali Mohsen Alalak revealed during the parliament session that "(7) billion dinars, was damaged as a result of the entry of rainwater and sinking the coffers of Rafidain Bank in 2013, causing damage to banknotes," noting that "the real amount is ( 7) billion, not (10). "

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46 minutes ago, yota691 said:

The billions of wet relations turn into ridicule in social communication

03:19 - 15/11/2018

 
image
 
 


The member of the Finance Committee in the Parliament, Ahmad Haj Rashid, the Central Bank Governor's claim on the facts, the private statements and evidence of the sinking of 7 billion Iraqi dinars. 
Al-Aalak's remarks, during his hosting of the parliament, about the damage caused by a huge amount of 7 billion dinars due to sinking in the rainwater, sparked a wave of anger among Iraqis on social networking sites. 
"We do not care about the amount, but the most important thing is the number of banknotes because it is the cost of the losses, not the amount written on paper," Rashid said. The MP added: "In the cash accounts are the money traded and not in the coffers of the Central Bank, and therefore these money traded and calculated account, and not as stated by the Governor of the Central Bank that these securities have no real value as long as they are in the coffers of the bank.
He explained: "We asked the Governor of the bank to come next week all the data on this issue so that we know the extent of losses, and who is the culprit and whether the money was actually destroyed or there are other problems." 
Asked about the quality of the currency being printed in Switzerland and its resistance to water, activists asked how it could damage the rain. MP said: "Actually, officials of the Central Bank talk during our previous meetings on the quality of the Iraqi currency, and that citizens have the right to this question and sometimes washed with clothes and nothing happens to them, and therefore we want to check this information." 
"I am an economist. I do not care what the amount is, but the number of papers that have been damaged, because the cost is due to the number of banknotes and not the total amount of the local currency."
He added: "Each paper is printed in a certain amount of money, as the currency category of 50 thousand Iraqi dinars, printed six cents, and this amount is collected on the number of banknotes damaged, not to mention the high cost, as the US currency category of one hundred dollars applied four cents. 
Al-Aalak made statements during his meeting with the parliament, saying 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, underestimating the importance of the matter because the amount is worthless Only the cost of printing. 
For his part, demanded the alliance Sawsan, the head of the Central Bank Agency Ali Alalak, clarifying his statements about the damage of seven billion dinars, which was allegedly damaged as a result of rain water. MP Mohammad Reza, said that the words of the relationship about the destruction of these amounts of money is not justified and has to clarify more to reveal the culprits in this case.
He added: When there is damage to the "seven billion dinars," it means the existence of defaulters due to negligence and lack of attention, calling for more clarification about the destruction of those funds and the disclosure of the names of the defaulters to the public opinion to take legal action against them. The governor of the Central Bank Ali Al-Allaq revealed the damage of seven billion dinars due to rain water, and said the money was in the treasury of Rafidain Bank. 
In response to comments by the Central Bank's governor, Ali Al-Alaq, on the loss of 7 billion dinars as a result of the rainwater that leaked to the coffers of the Rafidain government bank in 2014. According to publications of a number of activists, Observers of the new corruption and waste of public money, rejecting the justification of the relations, during the parliament session last Monday, on the damage of billions of dinars as a result of leaking in the water hit the treasury of the government bank.

 

"The billions of wet relations"...interesting choice of words.  How to picture that one???

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120562.jpg?width=750&&height=375

 
2018/11/15 14:56
  • Number of readings 62
  • Section: Iraq
  •  

Central Bank: the process of replacing damaged funds "legal and according to the controls"

 

 

BAGHDAD / Al-Masala: The Central Bank of Iraq, Thursday, November 15, 2018, the reasons for the replacement of damaged banknotes in 2013, stressing that all procedures related to the replacement of those securities "took place according to the law instructions and controls."

"The cash exchange process is a daily function, and if we assume that the central bank did not receive the banknotes (the damaged banknotes in 2013) or the last receipt, the banknotes will cause more problems of rot," said Ihsan al-Yasiri, director general of the central bank, , And will constitute damage to the treasury of Rafidain Bank, and will pass the loss to the owner of the bank, which is the Ministry of Finance so the Central Bank received and underwent the process of replacement.

For his part, the Director General of the Legal Department in the bank that "Article 33 and Article 34 of the Iraqi Central Bank No. 56 of 2004 was clear on the replacement of currency and cash damaged, which is considered the core duties and functions of the Central Bank of Iraq based on the law.

He added that "this process is carried out by the mechanism and controls and instructions issued by the issuance department and the treasury in the bank, which has implemented instructions on the subject in question," noting that "all procedures related to the replacement of currency in a timely manner in 2013 took place in accordance with the law and instructions and controls."

Follow the obelisk

 

http://almasalah.com/ar/news/155886/البنك-المركزي-عملية-استبدال-الأموال-التالفة-قانونية-ووفق-الضوابط

 
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The Supreme Judicial Council enters the seven-billion-dollar drowning line

 

15112018161710Doc-P-94165-636246544752133320.jpg

 

Supreme Judicial Council Building

2 hours ago

 

Digital Media NRT

The Al-Rusafa Investigation Court on Thursday began investigating the sinking of seven billion dinars in rainwater .

A spokesman for the Supreme Judicial Council Judge Abdul Sattar Birqdar said in a press statement on November 15, 2018 that "the Court of Inquiry Rusafa investigate the subject of sinking seven billion dinars and take legal action against anyone who caused the waste of central bank funds and hold accountable all those who contributed to the commission of this crime " .

The governor of the Central Bank Ali Al-Allaq revealed in his presence in the parliament session last Monday, that was damaged about 7 billion dinars of banknotes, as a result of sinking rainwater in the coffers of a branch of the Rafidain government.

http://www.nrttv.com/AR/News.aspx?id=6478&MapID=2

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Seeron plans to question the parliamentary debate on the seven billion dollars

15112018948507201828123550259221783.jpg

 

Alliance logo

7 hours ago

View

+ -

Digital Media NRT

The MP for the alliance, "Asron" Badr Zeadi, the intention of his coalition to submit a request to the Presidency of the Parliament to form a committee to investigate about "sinking" about 7 billion dinars in the Bank of Rafidain by the rains .

In a statement on Wednesday, November 14, 2018, al-Zayadi said that "the alliance will take over the task of submitting a request to the House of Representatives in order to form a committee to investigate the money announced by the Governor of the Central Bank Ali Alaq, damaged by rain water."

He added that the committee will take the process of counting the funds and ensure them, pointing out that "if the Committee found a shortage of funds, we will work to question the relations in parliament . "

The leader of the Sadrist movement, Muqtada al-Sadr, called in a tweet to him on Twitter yesterday, Wednesday, the impartial judiciary to arrest the culprits sinking 7 billion dinars, where he said, "What (7 billion) only a small point in the sea of corruption and spoilers .. Refute and what remains, but the number if the people expose them and corruption,

He continued: "I call upon the judiciary to be held accountable for issuing an arrest warrant immediately and investigating them and their families of corruption and vice and unjustly violating the people's strength.

R.

http://www.nrttv.com/AR/News.aspx?id=6464&MapID=2

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9 hours ago, yota691 said:

Al-Sadr comments on the 7 billion: I call on the judiciary to charge them with an order to arrest them immediately

06:04 - 14/11/2018

 
image
 
 

 

Baghdad - Mawazine News 

The leader of the Sadrist movement Moqtada al-Sadr, on Wednesday, an incident damage the amount of seven billion dinars, which was reported by the central bank governor Ali al-Alaq as "a small point in the sea of corruption and spoilers." 

"The seven billion is only a small point in the sea of corruption and spoilers," Sadr said in a tweet on Twitter. "What is their excuse is not refuted and what remains is a number, if the people expose them and corruption abhors them." 


"I call upon the impartial judiciary to hold them accountable for issuing an order to arrest them immediately and to investigate them and their families, known for their corruption and vice, and to infringe on the people's unjustly," he said.

The governor of the Central Bank Ali Alalak made statements during his hosting before parliament on Monday, "November 12, 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. Finished 29 / d

 

      :bump:...........      :nothingtoadd:

 

Semper Fi:salute:

 

RV there yet ?:pirateship:

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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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