Spiked Camel Java !

[NoviceInvestor]

1 hour ago, BETTYBOOP said:

I think the window may still be open. As thuggie highlighted in one of his posts.... It is the Kurdistan parliament that has been raised until the 13/7/19, not by the looks of it , the main Iraq parliament.

Thanks BETTYBOOP..when I first looked the intro and read 13/7/19 my first thought was .. I beggars belief extends one month and take near two weeks off ... 

[DinarThug]

16 hours ago, DinarThug said:

Disclosure of the date of the next session of the House of Representatives

 

 

 

2019/7/2 19:16

 

 

Revealed a member of the Patriotic Union of Kurdistan parliamentary bloc Mariwan Nader, the date of the next session of the House of Representatives.

 

Nader said in a press statement that "the presidency of the Council decided to lift the meeting to the 13 of July."  He added that "the House of Representatives ended today, reading a number of bills, while raising its meeting to the 13 of July." 

The Presidency of the House of Representatives decided to extend its second legislative term for a period of one month in order to complete the important laws.

 

15 hours ago, DinarThug said:

Revealed a member of the Patriotic Union of Kurdistan parliamentary bloc Mariwan Nader, the date of the next session of the House of Representatives.

Nader said in a press statement that "the presidency of the Council decided to lift the meeting to the 13 of July."

 

24 minutes ago, BETTYBOOP said:

HOLY BE JEEEEZZZZ!!!! So both parliaments are redundant until the 13th???

 

Lol ! It's Only The National Parliament - It's A Little Bit Confusing Because The First Article Is Quoting A Member Of The Kurdish Bloc !  

 

 

Hubba Hubba ! Luv Me Some Nurse Betty - More Med's Babe And Keep It Coming !  

 

 

     

[BETTYBOOP]

4 minutes ago, DinarThug said:

 OH !!!! THUGGIE!

 

 

Lol ! It's Only The National Parliament - It's A Little Bit Confusing Because The First Article Is Quoting A Member Of The Kurdish Bloc !  

 

 

Hubba Hubba ! Luv Me Some Nurse Betty - More Med's Babe And Keep It Coming !  

 

 

     

 

[Synopsis]

2 hours ago, Artitech said:

I agree with my friend Synopsis! We are still in the hunt!

 

 Oh, YEAH!!! I Like To Hunt, Artitech, AND ALL The Very Best!!! 

 

Go Moola Nova!

[Synopsis]

5 hours ago, DinarThug said:

 

 

 

Lol ! It's Only The National Parliament - It's A Little Bit Confusing Because The First Article Is Quoting A Member Of The Kurdish Bloc !  

 

 

Hubba Hubba ! Luv Me Some Nurse Betty - More Med's Babe And Keep It Coming !  

 

 

     

 

      

 

 Thank You For The Clarification, DinarThug, AND The Very Best Of Your 4th Of July Week AND Weekend To You!!! 

 

Go Moola Nova!

[DinarThug]

Trade: Plan to implement and transfer 51 investment projects

Thursday, July 04

Baghdad / Taha Hussein   

The Ministry of Commerce has prepared a plan for the implementation and transfer of 51 investment projects starting from the current year until 2022, while confirming that the rehabilitation of companies and departments affiliated with them will be through the support of their plans and the establishment of mechanisms to improve the performance.

The ministry's media spokesman, Mohammad Hanoun, said in a statement to Al-Sabah: "His ministry has prepared a program aimed at referring 51 projects in cooperation and coordination with a number of its affiliated companies, including the food and grain trade companies, To be implemented in several stages over the next three years.

He added that his ministry will add and adopt other investment projects at the General Secretariat of the Council of Ministers, the most important of which is the development and activation of economic relations with all countries of the world and the completion of the files of Iraq's accession to the World Trade Organization. He pointed to his ministry's keenness to provide achievements and take notes and proposals to improve performance in order to introduce them Within the framework of the government program.

On the other hand, Hanoun revealed that the rehabilitation of the companies and departments affiliated to his ministry will be through supporting the plans set for the work of those departments, with the need to develop the mechanisms that will strengthen the plans and follow up the implementation of the paragraphs of the program prepared by the government as the basis for the assessment of work And his ministry, stressing the need to accomplish it in a timely manner. 

He pointed out that the Minister of Commerce, Dr. Mohammed Hashim Al-Ani, instructed the need to buy archiving devices to the registration of companies as soon as possible, in addition to studying the status of the ration card and its vocabulary and the basic segments benefiting them, thus improving the quality of materials and preventing any corruption or waste, In order to provide many of its vocabulary.

link

[DinarThug]

Gutierrez: Iraq Has Paid 48.3 Billion Dollars In Compensation To Kuwait So Far

Economy News

 - July 4, 2019

 

UN Secretary-General Antonio Guterich said Wednesday in the semi-annual report of the UN Security Council that the total amount Iraq has paid to Kuwait has so far reached 48 billion and 300 million dollars.

Since my previous report, the Compensation Commission has paid two quarterly installments to Kuwait, the first of $ 100 million on January 18, 2019 and the second $ 240 million on April 23, 2019." Guterich said in his report.

After the payment of these payments, the total compensation paid by the Committee so far is 48.3 billion dollars, and thus remain about $ 4.1 billion, should be paid to Kuwait to settle the last remaining claim."

"Based on the current revenue levels of the Fund, the Commission is still going to pay the unpaid claim in 2021, which will end its mandate.

UN Secretary-General António Guterich said Wednesday in the semi-annual report of the UN Security Council that the total amount Iraq has paid to Kuwait so far

link

[DinarThug]

Bubble price

Wednesday, 03 July 2019

 

Mohammed Sherif

The uproar over the high prices of table eggs does not seem logical in the context of the market movement, which is supposed to be subject to the law of supply and price, as the decision of the Ministry of Agriculture was objective about the abundance of domestic product of table eggs, at this time specifically, to ensure the need for domestic demand after the successes In the work of table egg projects that have provided thousands of job opportunities for labor in these projects.

 This domestic product has to be protected and given the necessary support to ensure that these successes can be devoted to the development of sectors such as the poultry feed industry, the building industry, the pharmaceutical and vaccine industry, Equipment and others "and thus contribute to the recycling of the entire wheel of the poultry industry and other sectors of the economy and provide more jobs, as well as contribute to stop the flow of foreign currency out of the country.

However, this did not seem to be beneficial to the beneficiaries of the continued import of this product from the neighbors Iran and Turkey, the difference between the dollar exchange rate of the Iraqi dinar against the low exchange rate of the currencies of the two neighbors, which would make a huge profit to the importers at the expense of the domestic product and the national economy, and we are not here to talk about The quality and safety of the domestic product after the confirmed case of bird flu in these countries, which could expose the national poultry sector to re-infected the disease after the announcement of the absence of the country.

Which confirms that the decision of the Ministry of Agriculture was in place, but the uproar led by fake pages on social networking sites, did its propaganda despite the adoption of the bubble price bubble, after the disappearance of the imported product cheap price, which was drowning some local markets, The prices of the domestic product, its previous rates, did not exceed a small limit here or There.    

Therefore, it is the responsibility of the breeders to "keep the prices of table eggs at the price of five thousand dinars per class and prevent them from rising in the local markets." The responsibility of those who stood behind the media uproar is at the forefront of seeking to keep the agricultural sector in a state of decline, And sends a positive message to those in the context of saying that the Ministry of Agriculture "will discuss the opening of the import again in the event of breach of the breeders by agreement." Which could be likely to escalate this campaign until the opening of imports, unless the separation between the educators and users of dumping.

link

[NEPatriotsFan1]

15 minutes ago, DinarThug said:

difference between the dollar exchange rate of the Iraqi dinar against the low exchange rate of the currencies of the two neighbors, 

How bout we pop this bubble right now! And fix it, I’ll take Kuwait’s Currency price.... let’s just go ahead and match it within 1-2 cents plus or minus

[DinarThug]

Change the value of the Iraqi currency ... benefits and costs

 

 

4th July, 2019

The importance of the Iraqi currency and its impact on the Iraqi economy in light of the current changes The Department of Economic Studies in Beit al-Hikma held a scientific symposium entitled "Change in the value of the Iraqi currency, benefits and costs" under the chairmanship of Prof. Dr. Falah Hassan Thoini, / 7/2019 on the seminar hall in Beit al-Hikma. 

The seminar was attended by Dr. Mazhar Mohammed Saleh, financial adviser to the Prime Minister, as well as Professor Dr. Mahmoud Mohammed Dagher, Director of the Department of Financial Operations and Debt Management of the Central Bank of Iraq. 

The participants discussed the problem of changing the value of the Iraqi currency and the reduction of the Iraqi dinar and its impact on the Iraqi economy, some describe this reduction as support for the global economy and some see the deterioration of the purchasing power of the Iraqi individual.

Dr. Mazhar Mohammed Saleh talked about the policy of the Central Bank since its establishment so far in a concise and clear as the goal of the bank is to manage the monetary expectations and how Iraq's oil revenues since 2003 to 2014 is improving continuously so there was no budget deficit. He pointed to the role of Iraq and the agreements signed with the International Monetary Fund and its impact on the Iraqi economy.  He concluded by discussing the need for new policies that are consistent with the central bank's policy of reaching solutions. 

Dr. Mahmoud Mohammed Dagher discussed the current exchange rate regime for two years in Iraq and mentioned facts about the Iraqi economy for 2019.  The promise of the devaluation of the Iraqi currency affects all the real and monetary balances of the Iraqi economy because one of the reasons for inflation accompanying the reduction ignites expectations and pressures towards the continuation of subsequent reductions decisions.

In conclusion, there were comments from the audience and views and proposals on the decision to reduce the Iraqi dinar.  The seminar was attended by Dr. Ihsan Al-Amin, Chairman of the Board of Trustees of Bayt Al-Hikma and a number of prominent personalities in the banking and financial field and a number of academics.  

link

 - VIDEO LINK IN ARABIC

[DinarThug]

LINK

The total foreign reserves in Iraq rose to 72 billion dollars

 

 

4th July, 2019

The Central Bank of Iraq announced on Thursday that the total foreign reserves rose to 72 billion dollars.

"The total foreign reserves rose to 72 billion US dollars in the light of the first half of 2019," the bank said in a statement. And taking advantage of high oil export revenues, to pay the $ 14 billion to the central bank, which represent the remittances of the treasury, which the bank during the period of financial crisis, in an attempt to achieve financial stability at the time.

He added that "this increase is due to the investment policy pursued by the bank and the diversification of the use of safe tools, which strengthens the international credit situation, and strengthens confidence in the Iraqi economy, in the framework of efforts to achieve monetary stability, as confirmed by the exchange rate indicators, which remained stable Balanced over the past two years".

He added that "the achievement of this increase came in light of the Bank continued its financial initiatives in support of investment projects, including the initiative of financing the 5 trillion Iraqi dinars, for projects of housing, agriculture and industry, in addition to the amount of trillion dinars for small and medium enterprises, which contributes to reducing unemployment rates.

 

#################

 

LINK

Central Bank announces total foreign reserves to $ 72 billion

 

4th July, 2019

The Central Bank of Iraq announced on Thursday that the total foreign reserves to 72 billion dollars, indicating that this increase is the result of the investment policy followed by the bank and the diversification of the use of safe tools.

 

"The total foreign reserves rose to 72 billion US dollars, in light of the data for the first half of 2019," an authoritative source at the Central Bank said in a statement. "These reserves could rise to 86 billion dollars if the Ministry of Finance, taking advantage of high oil export revenues, to pay $ 14 billion to the Central Bank, which represent the remittances of the treasury, which the bank during the period of financial crisis, in an attempt to achieve financial stability at the time.

 

He added that "this increase is the result of the investment policy pursued by the bank and diversification by the use of safe tools, which strengthens the international credit situation and enhance confidence in the Iraqi economy, in the framework of efforts to achieve monetary stability, as confirmed by exchange rate indicators, which remained in a state of balanced stability Over the past two years ".

The source added that "the achievement of this increase came in light of the Bank continued its financial initiatives in support of investment projects, including the initiative of financing the 5 trillion Iraqi dinars, for projects of housing, agriculture and industry, in addition to the amount of trillion dinars for small and medium enterprises, which contributes to reducing the unemployment rates."

[DinarThug]

LINK

Planning and Economic Council discuss the development of the Iraqi private sector

 

4th July, 2019

Minister of Planning Dr. Nuri al-Dulaimi, on Thursday, discussed with members of the Iraqi Economic Council the need to support and develop private sector joints to diversify the sources of the national economy.

The Minister of Planning Nuri al-Dulaimi: We must be free of egoism and personal interests so that we can move the wheel of reform and empower the private sector and take bold decisions do not take into account any partisan interests or personal or electoral to be an important role in the private sector to address many of the problems suffered by the public sector".

In turn, engineer Baqir Mashat member of the Iraqi economic Council noted that "a number of important economic issues during the meeting, including the interest of the universities of modern disciplines in the labor market and not just the traditional topics that are outdated and these modern disciplines that needs The labor market in Iraq disciplines of marketing, sales and human resources management.

He added that it is necessary to pay attention to the social security law of the private sector, as its application will attract labor to the private sector to guarantee their pension rights and increase employment opportunities in the private sector, which will reduce demands for employment in the public sector.

Al-Mashat pointed out that "the state must transfer the ownership of the lost and stagnant projects to the private sector through investment, where the private sector will rehabilitate these projects and make them profitable with the benefit of experienced workers."  The Minister of Planning promised to visit the car assembly plants, Of the companies ZESCO and the spring of Zamzam one of the companies of the Economic Council in Alexandria, Babil province.

[DinarThug]

https://cbi.iq/news/view/1171

Deposit of intermediary companies

 

 

4th July, 2019

To / All Authorized Banks ( Deposit of brokerage companies to enter the window of sale and 
purchase  of foreign currency

We affirm our pledge No. (190/5/9) in 2019/5/12 to the necessity of only one deposit
a week by companies mediating the sale and purchase of foreign currencies for the
purpose of buying the dollar from the window of buying and selling foreign currency

[DinarThug]

https://cbi.iq/news/view/1170

Activities and Activities of the Center for Banking Studies

 

 

4th July, 2019

 

Activities and Activities of the Center for Banking Studies

» 2019  ( First Half )

 

'Activities and activities of the first half of 2019 Number of axes of the training plan for 2019 16 Number of participants from the Central Bank 1351 Number of participants from government banks 165 Number of participants from private banks 1010 and Number of participants from financial transfer companies 90 Number of participants from external bodies (ministries, universities) 97 Total number of participants in the first half of 2019 (2713) Number of courses and programs Implementing each of the axes of the training plan during The first half of 2019 The name of the axis Number of courses implemented within the suhoor Banking Supervision and Internal Audit Information Technology and Islamic Financial Payment Systems Management and Human Resources Development Banking Compliance and Anti-Money Laundering Legal Quality Management Banking Awareness and Economic Public Protection 10 | Accounting

 

PAGE #2

| 11 Credit and Banking Operations Risk Management Non-bank financial institutions. The implementation rate during the first half of 2019 (about 30%). * Includes (41) training program Within the framework of an internal cooperation with the bank's departments, 28 courses were supervised according to the requirements of these departments. The Center implemented within its training plan (3) courses in the northern and southern governorates during the first half of 2019 Location Number of participants Erbil Nour Compliance function in AML and regulatory requirements 3/19 - 17 Counterfeiting and counterfeiting local and foreign currency and currency equivalents 3 | Laws Governing the Work of the Organ 19. Total banking. As part of the initiative of the Central Bank (free of charge for the training of graduate students), the Center for Banking Studies conducted a preparatory course in the field of banking, in which 4 graduates participated. At the end of the course.

[DinarThug]

LINK

"SAP" launches an investment strategy for digital transformation in Iraq and opens an office in Baghdad

 

4th July, 2019

 

The digital transformation at the country level is one of the pillars of the diversified economic growth and job creation in the vision of Iraq for the year 2030, the Ministry of Communications and the German Ambassador to Iraq and the Advanced International Technology Company (SAB) , Pointing to GDP growth of 8 percent by 2020, during a major event on the country's digital future and the gathering of senior officials from both sides.

The real GDP growth in Iraq is expected to double by about three times to 8.1 percent in 2020, especially due to the increase in diversified economic growth, according to a recent report by the World Bank, with the progress made by the government in implementing the Vision 2030 and success Investment in reconstruction. 

The administrative and financial agent of the Ministry of Communications, Karim Mesal Shabi, pointed out that achieving the goals of digital transformation contained in the National Vision 2030 requires the existence of a government "has the ability to immediately see data and information in each ministry and at any level of government," stressing that " Public and private sectors, such as government partnership with SAB. The EU is Iraq's second largest trade partner. Bilateral trade between the two sides reached 16.6 billion euros in 2017, according to a recent report by the European Commission, indicating the strong trade opportunities available to both sides. 

For his part, said the Ambassador of the Federal Republic of Germany to Iraq Cyril Nen, that German companies have long been "a strong trading partner of Iraq, an important player in the economic growth of the country," noting that the new strategy "SAP" to invest in the country and the office opened by the company embody An important milestone on the road to this partnership that will enhance the exchange of knowledge, experience and best practices between the Iraqi government and German companies to support transformation and reconstruction within the 2030 National Vision."

SAB has announced a long-term investment plan in Iraq and the opening of its first office in Baghdad, in support of the country's digital transformation. Under these investments, the company will showcase global best practice in supporting digitization in the public sector, oil and gas, banking and financial services, as well as promoting job creation and professional development for young people. 

SAP's Cities of the Future program supports the building of Smart Cities and Smart Governments in these three key sectors. More than 3,300 oil and gas customers and more than 14,100 customers from the banking sector, together with up to 140 million accounts, Banker all over the world.

"The government, oil and gas sectors and the banking and financial sector in Iraq have strong opportunities to drive the country's diverse economic growth," said Hassan Saleh, CEO of SAB Iraq. "Our investment plan and our first office in Baghdad from the main completion stations of our company in the Republic, especially in support of the main industrial sectors and the creation of jobs. 

SAP's technology experts, customers, distribution channels and academic partners participating in the SABNOW event held in Baghdad demonstrated how cloud technologies can help companies become more efficient, predictable and competitive.

The speakers at the event addressed best practices in following a road map to implement any digital transformation program. They also addressed the HP's SAN platform for in - memory computing, the S / 4HANA suite of business applications, And held specialized sessions that discussed technical issues of interest to the public sector, oil and gas sectors and digital banking services.

Saleh added that the high turnout of SABNOW was a "historic moment for the company in the country." He explained how smart use of data, technology and digital tools can fuel the next generation of smart companies in the country.

 

On the other hand, SAB's "Digital Skills Today" initiative, which aims to support youth development, has seen great success in empowering young people, refugees and minorities in conflict areas in Iraq and some countries in the Middle East through training and job opportunities in various Technical fields

SAB, Injaz and the Ritz have trained 1,081 young people and more than 120 have successfully participated in intensive training camps on programming

Over the next few months, the SAP Training and Development Institute and next -gen Next-Gen are looking at opportunities to partner with Iraqi educational institutions in order to strengthen the future workforce

AboutSAP

 

Company SAP is the leading software solutions company and specialized institutions by enabling companies of all sizes and work of its management to optimize, and help them to move to another level in the digital journey through smart enterprise solutions. 77% of global financial transactions are carried out through a SAP system. Our advanced technologies, such as the Internet, advanced software tools and analytics, enrich the user experience and help them work more efficiently and apply the best business strategy to outperform their competitors. SAP applications employ more than 437,000 customers around the world to work more profitably, adapt to changes and achieve sustainable growth.Through a global network of partners, customers, employees and experts, SAP is helping to enhance daily operations that improve people's lives

[DinarThug]

50 minutes ago, Botzwana said:

Frankie claims that is the second article.  Crazy old buffoon.

 

Yes - The Same Fat Frank That Wears His Hair In A Ponytail To Try And Cover The Bald Spot In The Back !  

 

 

     

[navira]

lol bro

[DinarThug]

Shhh, It’s A Secret - Don’t Tell The Bro’s !  

 

 

Pass It On ...

 

     

 

 

 

LINK

Video: A senior US official reveals the secret of continued training of Iraqi forces

 

 

 

2019/7/3 18:48

 

 

The Deputy Commander of Strategic and Informatics in the processes of torque steel in Iraq, Major General Christopher Gika, the secret of the continued training of the Iraqi armed forces by the coalition forces.

 

"The goal we are pursuing with the Iraqi security forces is that there is a sustainable and capable judiciary capable of eliminating the security and stability of Iraq and protecting the border," Christopher Geka said in a video broadcast by the Pentagon on Wednesday. 

More details inside the video: - LINK

[DinarThug]

2019-07-04

Parliament to attend a final session to end the amendment of the budget and the nominations of special grades

 

Baghdad / Mohammed Sabah

Prime Minister Adel Abdul-Mahdi told the Presidency of the Council of Representatives his intention to send a second list of nominations for special grades in the coming days, consisting of thirty candidates.

The Parliament is preparing to hold its last session in its current legislative term in mid July to vote on the amendment of the federal budget law and on the first and second lists sent by the government to end the file of the Department of Labor by proxy.

The first amendment of the Federal Budget Law will include a clause extending the work of the Agency and obliges the implementation of this amendment retroactively from 30/6, which was exploited by the General Secretariat of the Council of Ministers, which re-appointed the Agency after its abolition in the budget law.

"The House of Representatives objected to the list sent by the government, which includes the names of six candidates to fill some of the positions and positions of private," saying that "the objections were on the age of those candidates who exceeded Seventy years. "

Karbouli said that "the parliament demanded an explanation by the government on the legality of the nomination of those over the age of 70 years as candidates for independent bodies or special grades," noting that "this list represents the first batch of ninety degrees, especially the government intends to send to parliament."

The list sent by the government included Ali Abdul Amir Allawi as a candidate for the Governor of the Central Bank, Salah Nouri Khalaf to the Chief of the Financial Control Bureau, Mohammed Abdul Hadi Mohammad Taqi Al Hakim as Advisor to the Prime Minister, Fayadh Hassan Nima as Undersecretary of the Ministry of Oil and Hamid Yunis Saleh Al Zobaie as Undersecretary of the Ministry of Oil, And Adel Karim Kak Ahmed as the Undersecretary of the Ministry of Industry.

He pointed out that "the first batch took into account the government the principle of balance between the various components," pointing out that "the government is proposed in its government program to cancel the work of the Agency for all positions and positions within six months, which included in the law of the general budget."

The law of the general budget in Article (58) required the termination of the agencies' file before the first of July, considering that any action after this date is null and void and has no legal effect, and called on the concerned department to stop all financial allocations and administrative powers in case it continues.

Differences between the different blocs and components were settled after the prime minister moved to replace the agents of ministries and advisers.

The government tried to get out of the legal impasse, which requires the suspension of the work of all positions managed by the proxy after the first of July by sending the first amendment to the federal budget law, which enabled the House of Representatives to end the second reading.

In order to remedy this legal problem, the General Secretariat of the Council of Ministers has circulated books to all ministries that allow office holders and sites managed by the Agency to continue working until October 24.

Karbouli believes that "the decision of the General Secretariat of the Council of Ministers is incorrect because it needs a law amending the law that requires the termination of agencies in all joints of the Iraqi state," revealing that "special grades, which includes agents, consultants and independent bodies up to ninety degrees."

He explained that "the number of agents of ministers (67) agents, independent bodies (28) independent body in the lists that are to be changed," stressing that "negotiations between the Prime Minister and the blocks are not suspended on the agreement to resolve sites and positions managed by proxy."

He said that "the only dispute that is going on in these negotiations lies in the divergence of the prime minister's desire for the ambition and ambition of the heads of political blocs." He explained that "the Sunni forces focus on the principle of balance in the distribution of all special grades."

The Prime Minister Adel Abdul Mahdi, with the alliance of others and opening during the previous periods to the need to replace (500) government-administered sites before the thirty of June this month to be completed the rest of the sites and positions later.

On 17 June, Al-Mada revealed the termination of the negotiating committees set up by the Prime Minister earlier in the year, naming 150 new general managers and 10 independent bodies.

In contrast, the Alliance bloc revealed that in the next few days the government will send a new list of 20 to 30 names nominated to fill a number of ministries and embassies agencies, "stressing that" the parliament will hold one session before entering the holiday of the current legislative term. "

"There is a difference of views in the House of Representatives on the preliminary list sent by the government to end the agency's work for six positions and special positions," said bloc member Mudar al-Azrijawi. "The differences between the prime minister and the blocs led to a little resolution Of these grades. "

The Constitution requires in Article (61) V / B - C vote of the House of Representatives on ambassadors and holders of special grades and the Chief of Staff and his assistants, and those in the post of division commander and above, on the proposal of the Council of Ministers.

"The extension will give the blocs and the prime minister another opportunity to agree on the resolution of more than (5000) degrees and a special director-general is running proxy in the Iraqi government," noting that "the new list will come in the current legislative term."

As for how to deal with the legal impasse that requires the suspension of the powers of people who run their positions by proxy, the representative of the province of Maysan said that "the General Secretariat of the Council of Ministers adopted in its new columns the amendment contained in the budget law, which provides for the implementation of this law from 30/6.

"The addition of this paragraph will eliminate this gap in the file agencies and therefore after the completion of the vote on the amendment of the budget law by the House of Representatives will be their actions (agencies) legal and correct."

It is likely that "the next parliament session and the final in the current legislative term will be after next week, where it will vote on the amendment of the budget law and pass the first and second lists of positions and sites managed by proxy."

The House of Representatives has raised the session on Tuesday after it included interventions not to give the government a specific period to resolve the issue of proxy positions to provide an opportunity for the selection of candidates with the importance of speeding the government to resolve the file in a neutral and full and send names to the House of Representatives.

link

[DinarThug]

2019-06-28

Where do Iraq's stolen billions go? In any government, the biggest looting took place

 

A former government official has revealed to a Gulf newspaper various destinations for billions of dollars looted from Iraq over the past 12 years, stressing that most of them turned into commercial complexes, residential and commercial real estate, land, banks and satellite channels.

The official, who declined to be identified, said the majority of the looted money was in various forms among officials and their relatives, deputies in parliament and leaders of political blocs.

He pointed out that the largest looting of state funds took place during the era of former Prime Minister Nuri al-Maliki in 2006 2014, explaining that billions of dollars were smuggled abroad, while invested another part of the looted funds inside Iraq.

He pointed out that the former government of Haidar al-Abadi did not lack corruption, but to a lesser extent because of the financial crisis that was striking the country at the time, stressing that most former officials and deputies registered their property with the names of relatives to escape prosecution.

He pointed out that a number of private banks in Baghdad are run by politicians, pointing out that it was not only that, but extended to the media.

"Some former officials have formed local media agencies to promote their projects," he said, noting that a former parliamentarian had bought a stake in a well-known satellite channel and had promised to pay staff salaries until next local elections scheduled for early next year in exchange for some structural changes in space. Compatible with its party agenda.

He pointed out that the head of a parliamentary committee previously established a large commercial complex in the neighborhood of banks east of Baghdad, explaining that some private schools are also owned by politicians, and generate large sums of money annually. He pointed out that this is not limited to Baghdad, as the Iraqi provinces are witnessing an extension of the strength of those involved in corruption cases.

According to observers, the inability of the state to return looted funds despite the existence of four oversight bodies in Iraq, is the Supreme Council for Combating Corruption, led by Prime Minister Adel Abdul Mahdi, the Office of Financial Supervision, the Integrity Commission, and the offices of public inspectors in the ministries, which raises more than A question mark about the silence about the recovery of funds could fill part of the requirements of the Iraqi state, which is facing a financial crisis suffocating negatively affected the livelihood of citizens.

"The wealth of Iraq has been the biggest looting in the history of the country since 2003," said economist Saad Abdul Hussein in a press statement. "The looted funds would have blocked all foreign debts and ended the problems of Basra and three other southern provinces of water, electricity and hospitals."

He pointed out that "the solution lies in pursuing the funds of former and current Iraqi officials and parliamentarians at home and abroad, explaining that ignoring this weakens the citizen's confidence in the executive and supervisory authorities."

A former member of the local government in Anbar (west) said former and current officials and politicians were buying property and land in high-profile areas with large amounts of money, stressing that some high-priced areas had become fiefdoms for officials.

The official, who declined to be named, pointed to the presence of attempts by senior Iraqi officials to take over a large area of the corniche of the city of Fallujah, adjacent to the project of the third bridge in order to turn it into a tourist resort including a hotel and other facilities, noting that this was not limited to the former members of the government In Anbar has purchased and built huge commercial complexes in the city.

Meanwhile, Inspector General of the Ministry of Justice Karim al-Ghazi said that the judiciary issued a new ruling to imprison the director of real estate registration in Karbala for three new years, to be the total of his six-year rule, stressing in a statement that the prison sentences were issued in absentia because of the addition of fake restrictions on real estate Belong to citizens. The Iraqi judiciary had earlier issued a sentence to imprison the director of real estate registration in Karbala on charges of manipulation and forgery.
The Iraqi parliament is debating the draft bill "Iraq Recovery Fund". According to an earlier statement by the Integrity Commission, it discussed with the Integrity Committee of Parliament the draft law, noting that the Fund is supposed to be administered by the Integrity Commission in cooperation with the Ministries of Foreign Affairs, Oil, Finance, Justice and Trade.

A member of parliament for the alliance of victory, Faleh Zeadi, stressed the need to legislate the law because it will contribute to the recovery of billions of dollars that fled in the time of the former regime and after the US occupation of Iraq in 2003 by corrupt and smugglers by illegal means.

link

[davis411]

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[blueskyline]

3 hours ago, DinarThug said:

Change the value of the Iraqi currency ... benefits and costs

 

 

4th July, 2019

The importance of the Iraqi currency and its impact on the Iraqi economy in light of the current changes The Department of Economic Studies in Beit al-Hikma held a scientific symposium entitled "Change in the value of the Iraqi currency, benefits and costs" under the chairmanship of Prof. Dr. Falah Hassan Thoini, / 7/2019 on the seminar hall in Beit al-Hikma. 

The seminar was attended by Dr. Mazhar Mohammed Saleh, financial adviser to the Prime Minister, as well as Professor Dr. Mahmoud Mohammed Dagher, Director of the Department of Financial Operations and Debt Management of the Central Bank of Iraq. 

The participants discussed the problem of changing the value of the Iraqi currency and the reduction of the Iraqi dinar and its impact on the Iraqi economy, some describe this reduction as support system">support for the global economy and some see the deterioration of the purchasing power of the Iraqi individual.

Dr. Mazhar Mohammed Saleh talked about the policy of the Central Bank since its establishment so far in a concise and clear as the goal of the bank is to manage the monetary expectations and how Iraq's oil revenues since 2003 to 2014 is improving continuously so there was no budget deficit. He pointed to the role of Iraq and the agreements signed with the International Monetary Fund and its impact on the Iraqi economy.  He concluded by discussing the need for new policies that are consistent with the central bank's policy of reaching solutions. 

Dr. Mahmoud Mohammed Dagher discussed the current exchange rate regime for two years in Iraq and mentioned facts about the Iraqi economy for 2019.  The promise of the devaluation of the Iraqi currency affects all the real and monetary balances of the Iraqi economy because one of the reasons for inflation accompanying the reduction ignites expectations and pressures towards the continuation of subsequent reductions decisions.

In conclusion, there were comments from the audience and views and proposals on the decision to reduce the Iraqi dinar.  The seminar was attended by Dr. Ihsan Al-Amin, Chairman of the Board of Trustees of Bayt Al-Hikma and a number of prominent personalities in the banking and financial field and a number of academics.  

link

 - VIDEO LINK IN ARABIC

The importance of the Iraqi currency and its impact on the Iraqi economy in light of the current changes The Department of Economic Studies ...................................(((((( in light of the current changes ))))...............Onward 

[BETTYBOOP]

22 minutes ago, blueskyline said:

The importance of the Iraqi currency and its impact on the Iraqi economy in light of the current changes The Department of Economic Studies ...................................(((((( in light of the current changes ))))...............Onward 

Every time I read the article find something different. I do  not think it actually means to devalue the currency at all . However, I think to devalue the Iraq dinar in relation to reducing  the note count

Edited July 4, 2019 by BETTYBOOP

[Dinarrock]

Yes it’s a translation issue I think too. I think they are possibly talking about lowering the nominal value here personally. For example the .00086 to the .86. They are most definitely not talked about making the actual currency value worse then it already is!!

[blueskyline]

Change the value of the Iraqi currency.......(((((((     current changes           )))))))))))).........as in currently changing ???