Spiked Camel Java !

[DinarThug]

7-16-2019    Newshound Guru Enorrste    

Haven't had anything to say for a while but now we're getting close so let's get into it....

[Article the Central Bank of Iraq on Thursday announced the foreign reserves rose to a total of 72 Billion dollars in the first half of 2019]

...how did they raise their reserves when the government was in a deficit situation?  

...they managed to expand investment throughout the country. 

Thus reducing somewhat their dependence on oil. 

This means dollar investment has in fact been coming in the country despite the fact that the dinar is not yet convertible on the international market...

this is extremely good.  

Why? ...once the investors get a foothold in Iraq they will come in droves to make money...

with the hopes...

that they will be able to get their profits out the country in short order. 

This means there are now people willing to put their money where their mouth is...

 

Edited July 17, 2019 by DinarThug

[DinarThug]

7-16-2019   Newshound Guru Enorrste   ...

They are not just hoping for a floating dinar, they are counting on it.  

The fact that the CBI has managed to raise its reserves is a clear indication that the float is imminent. 

Only with a strong currency can they take the risk of moving to a float. 

With 71 Billion in reserves they have about 175% coverage of their entire money supply in hard currency...

Thus the dinar is one of the strongest currencies in the world despite its current low value.  

As the float begins the they will see the value of the dinar begin to rise. 

As it rises they will reduce the money supply with the goal of getting it down to 40 Billion dinar rather than 40 trillion dinar.  

Thus at one dollar per dinar

(this is after the float has occurred)

the CBI will still have 175% coverage of their money, 

meaning the dinar could easily get back to the $3.50 per dinar range which is their ultimate goal.

[DinarThug]

LINK

Keywords: The banking sector is the first beneficiary of technological developments in the world

 

 

16th July, 2019

Iraq's central bank governor said on Wednesday that the banking sector will be led by the future of information technology and will be the sector affected and the first beneficiary of technological changes and technologies.

Al-Alak said in a speech at the opening ceremony of the Monetary Management Center of the National Bank of Iraq, that "the speed today has become an important element in the management The banking sector is about the speed and accuracy and diversity is the most need to use these developments. The monetary mentality will lead the banking sector not only in Iraq, but in the world All". 

"In 2006, five energy companies and one technology company were leading the world, while now five international companies are the months and only one energy company," he said. "He said. 

"We have been delayed by decades and we are able to catch up with the ability to absorb development. Young people have proven to be able to interact positively with the technological developments in the world.

[DinarThug]

https://cbi.iq/news/view/1194

The Iraqi Deposit Guarantee Company announces the issuance of shares amounting to (45) billion dinars to the public for subscription

17th July, 2019


 

To view the Initial Offering Report, click here

 

Page 1 : 

Security / Company (Iraqi Deposit Guarantee) Osama mixed under incorporation to / the public and the founders of the International Deposit Guarantee Company in a mixed contribution as the subscription shall be based on the referees Article (39 / two-thirds) of the law of the contracting company (21/1997) For the issuance of a decision authorizing the establishment of the company from the work of companies on 2019/2/27 Facilitated the founders committee public appeal of the public subscription to the shares of the farm and the following details - 1 - the contract of the establishment of the company Adham Ke Iraqi to ensure farewell to a voluntary contribution First: Company Name Iraqi Company for Guarantee Deposit / Mixed. O: The company's headquarters The headquarters of the company is located in Baghdad and it has a decision by the Board of Directors of the Central Talc Iraqi economic time of economic performance! . D is to have died or died within the grain during the winter plan. - Commenting on the nomination of any branch or branch of the company or its status: Kharash company high business The company's symptoms are the mechanism of hidden concealment Asman and the public outreach to Iraqi banks harmful to the central ethnic. 2. The company 's funds will be held in Al - Asmar : At the banks, the Bank issued a decree issued by the Minister of Finance, Manza, from the Ministry of Women, such as the Ministry of Labor, the Government of the Race, and the documents. They purchased a copy of the tender and purchased a piece of paper from the Ministry of Agriculture, I have attended to him and the insistence of Dashteh

Page 2 :

The company has carried out the following activities: Coordinating and cooperating with the bank deposit guarantee companies operating in other countries, and coordinating with them in the exchange of information, statistics and training. The company carried out its activities according to the system Bank deposits No. 3 of 2011 or any related fat after obtaining the part practicing the profession of the Central Bank of Iraq - the possession of movable and immovable property necessary to achieve the activity of the company and conduct all legal actions in accordance with the laws The company has the right to open the bare accounts with the Central Bank of Iraq or any account held with the approval of the Central Bank of Iraq and to create, withdraw, move or behave. (100, 000, 000, 000) Dilar secure one billion Iraqi Dinars and Dard and 10: 00 (one hundred billion shares Grills Value of one share of one Dinar Iraqi and all contribute to the unfortunate. The company included the amount of (00: 36: 35, 00) ml (25.5%) of these shares on the Moncey of (government destruction), Amansada (30%) of the capital of the company where the commercial banks and branches Security Banks The death of the National Insurance Company and the National Insurance Company and the amounts of contribution stated in the attached Schedule to this Article, which is considered to be part of the same, does not coincide with the retention of the Company's share capital (% of the Company's capital). . . . And 4 billion Ahd 40 billion Iraqi dinars) and the prosperity found for the share of one of the orphaned public subscription in accordance with the procedures in the usual (39) of the Act No. 1 of 1997 and was the creation of the full technical information known Omdas Al-Lattab to the Central Iraqi Ahn financial institutions under Tamis Code number (116). In the event that the Musso estate decided to destroy its capital, it would be in a position taken by the company, the company, with the consent of its owner, owner of the Iraqi Central Bank, based on the provisions of Article 8 of the Companies Law No. 21 of 1997 

Page 3 :

Rules and Regulations: All provisions of this Law shall be subject to the provisions of the Companies Law No. 1 of 1997, Money and Bank Deposit Guarantee Systems No. (3) of 2011 And all issued on the instructions and directives issued by the Central Bank of Iraq, and the general rules contained in Iraqi laws and subject to the jurisdiction of the Iraqi judiciary. 2 - Number of shares offered for subscription (65, 000, 000, 000) Fifty-five billion shares 3 - share price per one linar. - Place of subscription: - A - Good bank / Commercial Branch - Baghdad - Al Rasheed Street / Banks Street / Nearby Al Rasheed Bank General Administration No.1 Ramzi - Industrial Bank / Main Branch - Baghdad - Snack = Al Rashid District - Mahalla 10 - Street 5 Al-Mulla Development Bank / Main Branch - Baghdad - Karada - Arasat Al-Hadeer - Hay Belayl 29 Street 21 Mini 25612/1 - The subscription period shall not be less than (3) thirty days and not more than (0) 7/21 20 The subscription shall be closed after the expiry of the period of 20) in the case of the father in full stock and technical end of the metro terminal in the bank where the process of writing - The founders of the company wrote in their shares during the period of offering the shares to the public subscription only after the end of thirty days from the beginning of the subscription or during the period of subscription quantity. The book is written in accordance with the provisions of Article (41) of the Companies Law No. 21 of 1948, The number of shares subscribed to is in the amount of (., In front of 560000) Tenar in the six million (refund or 750) dinars seven hundred and fifty million Dinars Islamic banks dinars to the public and financial investment companies and insurance companies and reinsurance, The JDM is JD 10 billion Tmpelg. And . . . Issuing 15 licenses for Islamic banks, financial investment companies, insurance companies and reinsertion of the ten laws of the Money Laundering and Terrorism Financing Law (29) for the year 2015. 1 - The company's consumption: estimates of people's burns at the end of the procedures. . . . (15) dinars in one hundred and fifty million dollars can be increased and preferred.

[DinarThug]

LINK

Al-Alawi: Saddam deposited 5% of the oil revenues for the Baath Party in the banks of Switzerland

 

 

17th July, 2019

 

Iraqi politician revealed Hassan Alawi, Wednesday, for ulterior motives to send Saddam Hussein , his half - brother Barzan Ibrahim al - Tikriti to Geneva to lead the diplomatic effort of Iraq at the headquarters of the European United Nations in Geneva, noting that Saddam was deposited 5% of the oil revenues of Iraq To the accounts of the Baath party dissolved in Swiss banks.  "The secret of appointing al-Tikriti as Iraq's ambassador to Geneva is not about trying to expel him from Baghdad," al-Alawi said in a statement. To include it in my new book".

Al-Alawi added that Saddam sent Barzan to Geneva to record the accounts of the Ba'th party from the 5 percent oil sales he had received before nationalization and then went to a private secret under the name of Adnan Hussein al-Hamdani. Saddam asked Hamdani's wife to go to Geneva For the name and balance registration in the name of Barzan." 

"This operation was aimed at preserving the party's money and employing it in the event of an emergency," he said. "Where did the party's assets in Geneva go after the occupation and who did it?"

[DinarThug]

LINK

Oil drops after Trump's comments on Iran

 

17th July, 2019

Oil prices fell to more than 3 percent after US President Donald Trump said progress had been made with Iran, suggesting tensions could ebb in the Middle East.

Brent crude fell $ 2.13 or 3.2 percent to settle at $ 64.35 a barrel. Crude hit a session high of $ 67.09 earlier in the day. 

US WTI crude futures fell $ 1.96 or 3.3 percent to settle at $ 57.62 a barrel.

[DinarThug]

4 hours ago, DinarThug said:

Keywords: The banking sector is the first beneficiary of technological developments in the world

 

 

16th July, 2019

Iraq's central bank governor said on Wednesday that the banking sector will be led by the future of information technology and will be the sector affected and the first beneficiary of technological changes and technologies.

Al-Alak said in a speech at the opening ceremony of the Monetary Management Center of the National Bank of Iraq, that "the speed today has become an important element in the management The banking sector is about the speed and accuracy and diversity is the most need to use these developments. The monetary mentality will lead the banking sector not only in Iraq, but in the world All". 

"In 2006, five energy companies and one technology company were leading the world, while now five international companies are the months and only one energy company," he said. "He said. 

"We have been delayed by decades and we are able to catch up with the ability to absorb development. Young people have proven to be able to interact positively with the technological developments in the world.

 

LINK

Iraqi National Bank opens first place in Iraq to manage cash

 

 

17th July, 2019

 

The Iraqi National Bank announced the opening of the first cash management center of its kind in Iraq and located in the branch of the main bank in Baghdad.

The bank said in a statement on the occasion of the official opening of the center: "This center provides a unique infrastructure to automate the private logistics operations after counting the money to save time and reduce the risks of financial movements through the adoption of sophisticated counting devices and a mechanism of action to provide a secure environment for financial transactions while ensuring the provision of another The world-class technology adopted in the field of financial services.

He added that the center is an incubator for the latest cash counting machines that work in a precise and effective manner and provides a varied sorting of currencies very quickly, with the introduction of a new link technology for banknotes to prevent their damage according to the latest international standards. A specialized team with cash counting to reduce customer waiting time and speed up procedures in a remarkable way The Center also ensures full insurance of all amounts by the major insurance companies in addition to strict compliance with the regulations and policies of the Central Bank of Iraq.

The bank's managing director, Ayman Abu Dheim, said: "The bank always strives to be a pioneer in providing the best and latest integrated banking services to our clients from all sectors to meet all their requirements and help them to advance their business. He added: "The launch of this center is the first of its kind in Iraq to ensure our customers services very accurate, fast and safe.

The Center provides distinguished customers with a cash monitoring experience through live screens, cash counting operations within the VIP Lounge, in addition to providing for the first time accepting cash withdrawals from large amounts and from any cash category, from Saturday to Thursday, in addition to deposits and withdrawals during working hours From 8:00 am to 5:00 pm with counting and deposit in the accounts directly on the same day if received before 3 pm.

The center is characterized by doubling the bank's productivity in cash management by achieving a greater volume of deposits and withdrawals by raising the rate of banknotes that can be received at the bank from 250 thousand coins per day to one million notes a day, four times the Bank's previous absorption.

Since the beginning of the operation of the Monetary Department in mid-May, 11 million banknotes have been deposited in the equivalent of 110 billion Iraqi dinars and at the rate of 400 thousand sheets of cash per day and increasing continuously.

The National Bank of Iraq was established in 1995 and provides comprehensive banking services to individuals and companies in Iraq. In 2005, Capital Bank of Jordan purchased the majority of the Bank's shares and joined it with Capital Bank Group, through which the Bank provides investment advisory services to companies through Capital Investments, the investment and advisory arm of Capital Bank Group in Jordan and the Dubai International Financial Center (DIFC).

Today, the bank has 11 in Iraq's major cities and will be upgraded to 14 branches by the end of this year.

 

Edited July 17, 2019 by DinarThug

[DinarThug]

7-17-2019   Newshound Guru Enorrste  

I don't think we can underestimate the role of the IMF in all of this. 

They stated two years ago they were going to become the trustee of the Central Bank of Iraq. 

When you're the trustee this means you have the purse strings in your pocket and you can pull any sting you want at any time you want and it's not by any coincidence whatsoever this currency shortly thereafter came into stabilization and they got within 2% between the fixed rate and the market rate...

Allaq couldn't do it so the IMF finally took over as the trustee of the CBI...

They have it under control for 16 months...

Why in the world would an International organization like the IMF want to stick their nose in Iraq's business so deeply?

[DinarThug]

7-17-2019   Newshound Guru Enorrste   ...

I think the answer is clear.  

They want to make Iraq one of the most powerful currencies in the world. 

They want to make it a world reserve currency. 

They announced that some time ago. 

8 years ago. 

IMF has agreed it's a good idea because of their location. 

1.  They are in the Middle East 

2.  The world needs another world reserve currency with the dollar being so over extended...

they need this and we can't overestimate the power and importance of the IMF becoming this trustee...

they want this thing to happen.  

They are proving it by making this currency flat to close to its own market rate for 16 months now and announcing they're ready for international trade.  It's really really tightened up.

[DinarThug]

LINK

Deputy: Parliament collects signatures to integrate education in education

 

 

17th July, 2019

The deputy of the coalition of construction Fadel Jaber, on Wednesday, the existence of parliamentary movements to merge the Ministry of Education higher education and scientific research, attributed to the lack of a political agreement on the candidate of education so far.

Jaber said in a statement to Al-Maaloumah that "a number of members of the House of Representatives have collected parliamentary signatures to initiate the proposal to merge the Ministry of Education with higher education and scientific research." He pointed out that "these moves were obtained because there is no political agreement on the names proposed for education."

He added that "moves to merge the two ministries may fail because the Sunni component is still adhering to education as an electoral benefit," noting that "the House of Representatives will cancel the proposal to merge the two ministries in case the candidate was resolved through the coming sessions."

A member of the coalition Nasr Jamila al-Obeidi, last week, to resort to the electronic window to choose a new minister of education in light of continuing differences over the candidates of the Axis alliance, excluding the Sunni component reached an agreement on the candidate of education.

[DinarThug]

LINK

Economist reveals the export of nearly 700 thousand barrels of oil per day

 

 

17th July, 2019

 

Oil expert Hamza al-Jawahiri revealed the export of Kurdistan about 700 thousand barrels of oil per day from the fields of Kirkuk, Kirkuk and Mosul.

"Approximately 30 to 50 thousand barrels are smuggled daily through tanks from fields east of Kirkuk, in addition to 100 to 200 tankers of oil from Khana Abar and from the fields of Qayara and Qatma and Safia near the Syrian border," Jawahri said in a televised interview  .  

He added that "the total issued by Kurdistan more than 600 thousand barrels per day without commitment to the agreement with the federal government in Baghdad," pointing out that "the rise of oil production in Kurdistan reduces production in the south."

To that Jeweler revealed that "the Kurdistan oil money goes to the banks of five countries, including Israel Switzerland," noting that "all federal governments have relaxed in dealing with Kurdistan."

[DinarThug]

LINK

Rapporteur of the House of Representatives: Parliament will enjoy legislative approval after holding five consecutive sessions

 

 

17th July, 2019

 

Revealed the decision of the House of Representatives Khadija Ali, on Wednesday, the direction of the political blocs to adopt many changes in the current budget in the coming days, noting that the most prominent changes will include the share of the region.

Ali said in a press statement that "the upcoming meetings of the House of Representatives will see the adoption of changes in the budget after the tendency of most of the political blocs to address some of the imbalances in them."

She added that "the most important paragraph in the budget will be modified is the special benefits of the Kurdistan region after hosting Finance Minister Fouad Hussein and know what is going on details on the budget of the region."

Ali explained that "the House of Representatives will enjoy his legislative leave after holding five consecutive sessions and the completion of the first legislative year of the fourth session of the House of Representatives."

[DinarThug]

LINK

Iraqi government announces high-level coordination with the Kurdistan Region to conduct the census

 

 

17th July, 2019

The Ministry of Planning announced on Wednesday the approval of the Council of Ministers on the draft amendment to the first law of the General Census of Population and Housing No. (40) for the year 2008. Submitted by the Ministry.

The official spokesman of the Ministry of Planning, Abdel-Zahra al-Hindawi said in a statement today that the first amendment to the law of the census, came in order to provide conditions for the implementation of the draft population and housing census next year, noting that the Council of Ministers, decided to exclude the Ministry of Planning of the instructions to implement government contracts No. (2) of 2014 and the regulations thereto.

He pointed out that the decision came to enable the Central Bureau of Statistics, to purchase the requirements of the General Population and Housing Census, in order to overcome all problems and ensure the implementation of the project, according to the timelines set for it.

He pointed out that the ministry has started its practical steps in preparation for implementing the census in October of next year 2020. He added that the preparations included the formation of the Supreme Commission for the census headed by the Minister of Planning, as well as the formation of an operations room and an executive department, Specialized.

He pointed to the existence of high-level coordination with the Kurdistan Region in the implementation of the census, which will be an electronic census through the use of tablets (Tablelet), stressing that the census will be for the purposes of development in various aspects.

The meeting of the Council of Ministers held on Tuesday under the chairmanship of Prime Minister Adel Abdul-Mahdi witnessed the approval of the draft law on the first amendment to the Law on the General Census of Population and Housing No. (40) for the year 2008.

 

Edited July 17, 2019 by DinarThug

[Dinarrock]

Wow the News coming out of Iraq is truly phenomenal!! You can do it Iraq PUSH the Button I Dare You!  LOL

[DinarThug]

It aims to transform the {2020 budget} from items to projects and performance

 

Wednesday 17 July 2019

Baghdad / Omar Abdul Latif / Shaima Rashid 

 

 

The House of Representatives is moving to turn the budget next year, from the items to the balance of projects and performance, in a move to be implemented for the first time in three ministries, and to circulate to all, as the Council prepares to involve local governments in the preparation, which will arrive in September.

A member of the Finance Committee of the parliament, Jamal Cougar for "morning": "There are deliberative sessions between the government and a number of members of the Committee on the subject of the transfer of the state budget from the items to projects and performance,"noting that "many countries exceeded the stage of balancing items and become operational balance performance And projects, especially the neighboring countries of Iraq as a more effective. " 
He added that "the plan requires the implementation of the new budget in three ministries, namely education, health and planning on the basis of experience. And on the maturity of the budget, and enable them to achieve the goals set for them in the implementation of projects, explained member of the Committee Hanin Qadu,"morning, "that" The local governors or officials in the preparation of the next budget to know their needs in relation to investment projects. 
link

[DinarThug]

LINK

Iraq's 2020 budget "qualitative surge" in investments and financial allocations for 3 segments of the population

 

 

17th July, 2019

The Finance Committee of the House of Representatives, Wednesday, July 17, 2019, revealed the details of the Iraqi state budget for 2020, 

"The 2020 budget will be totally different from the current budget, it is more investment than operational, unlike the 2019 budget, which preceded it," said Ahmed al-Saffar, the committee's rapporteur.

"We will work to allocate a special budget to the citizens, in which financial allocations will be made to certain segments and classes of the Iraqi people, such as social welfare, the unemployed, etc," al-Saffar said. "Oil prices in the 2020 budget will change, depending on the global market, there may be an increase or a reduction in the price," he said.

A source in the parliamentary finance committee announced that the committee agreed with the Ministry of Finance to receive the draft budget for 2020 next September, indicating that the budget will create a qualitative breakthrough in the Iraqi economy through radical changes in public expenditures and investment and service funds.

"The 2020 budget will be a supervisory oversight reinforced by the final accounts and will include tables on internal and external indebtedness, taxes, customs, border crossings and state property revenues," the source said. "A specialized team is working on the draft budget for 2020, under the supervision of Prime Minister Adel Abdul Mahdi, and will include two fixed and mobile oil prices," he said.

[DinarThug]

LINK

Retirement Authority: Working with Key Card cards is still in effect and will not stop

 

 

 

2019/7/17 19:43

 

 

National Pension Authority announced the continuation of the work of electronic payment cards {Key Card}.

A statement of retirement received by the agency {Euphrates News} a copy of it that "work with electronic payment cards {Key Card} is still in force and work and will not stop and that some banks are putting pressure on retirees and the dissemination of incorrect news through social networking sites to replace their cards Unacceptable". 

He added that "if the banks continue to exert pressure on retirees for the purpose of replacing cards at random will be taken legal action against them, including the suspension and cancellation of dealing with them and if the National Pension Authority to replace these cards will be in coordination with the banks contracting with life according to timetables decided by the Commission only". 

The Commission called on "retirees not to listen to the incorrect news and that the work is to ensure the continued receipt of retirees salaries easily and easily."

[DinarThug]

LINK

IMF: Dollar is above its real value

 

18th July, 2019

The International Monetary Fund (IMF) said that the US dollar is above its real value of 6% to 12%, based on the fundamentals of the economy in the near term, unlike the euro, the yen and the yuan. 

The IMF rejects US President Donald Trump's use of customs duties to resolve trade imbalances, but his assessment of the dollar as being above its real value is likely to give additional ammunition to Trump in his repeated complaint that the strength of the dollar hampers US exports.  Trump criticizes European and Chinese policies, which he says are leading to a devaluation of the euro and other currencies against the dollar.

An IMF annual report on currencies, surpluses and external deficits of major economies shows that current account surpluses remain concentrated in the euro area and other advanced economies such as Singapore, while the deficit remains largely in the US, UK and some emerging market economies. 

The IMF, which warned that the US-China trade war could cost the world economy about $ 455 billion next year, said recent trade policy measures weighed on global trade flows, undermined confidence and disrupted investment, but failed to tackle external imbalances so far.   Instead of exchanging tariffs, surplus and deficit countries, according to the IMF, should reinvigorate efforts to liberalize economies and strengthen the multilateral trading rules regime, which has been in force for 75 years.

 

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

 

LINK

IMF: Dollar is above its real value

18th July, 2019

[DinarThug]

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Economic Business Council: private sector development engine and the government to launch its facilities

 

18th July, 2019

A member of the economic business council Baqir al-Mashat stressed on Thursday the need for government attention to the private sector.

 

"The private sector is the engine of economic development and achieves the economic well-being of the country," he said in a statement received by Al-Ghad Press.

He pointed out that "the Iraqi state to launch facilities for the private sector to support the most public sector companies within the national economy."

 

The Mashat pointed out that "the initiative trillion dinars for small and medium projects launched by the Central Bank of Iraq attempt to reform from the bottom up to create the private sector expected."

 

"There is much to be done to educate the collective mind about the possibility of creating wealth and self-employment opportunities, and that creating a private sector is an opportunity for legitimate gain and service ethics," he said.

[DinarThug]

7-18-2019  Newshound Guru Kaperoni    

It has been 16 months that the CBI has stabilized the currency in the country to within 2% as identified by the IMF requirement...

that's been a problem over the years where the currency went out of compliance and the dinar devalued to the dollar...

what they've done is a really good job with the help of the U.S. Treasury to get this under control...

yes they've brought the reserves to 72 Billion now and I think one of the 5 largest reserves in the Middle East

but there are some other things kinda under the table here which are all relative. 

When Iraq accepts Article VIII they have held stability for 17 months when the requirement was only 90 days.  

They have done a really wonderful job creating a situation where they are creating a lot of confidence in their banking system for financial experts around the world as they look at should they bring money into Iraq and trust the banking system...

[DinarThug]

LINK

Parliamentary calls to restore the education and health authorities of the ministries

 

 

18th July, 2019

The Deputy of the coalition of construction Mohamed Baldawi, on Thursday, the need to withdraw the powers of the provinces of the ministries of education and health and return to the ministries because of exploitation by parties and influential figures in the provinces at the expense of the public interest, expected to be returned during the current year or the beginning of next year. 

Al-Baldawi said in a statement that the experience of transferring powers from the ministries to the provinces proved its failure and added new problems to the previous problems, especially in the Ministries of Health and Education.  He added that "a number of MPs have discussed extensively the negative aspects of the experience and concluded that the parties and personalities have been exploited and dominated these institutions for political purposes, not aware of the need to provide the citizens of services, so the deputies to press the parliament to restore all powers granted to the provinces to those ministries and other ministries "He said.

Baldawi said that "the issue of re-accept the majority of deputies," expected "to issue a decision to repeal the Law 20 of the provincial councils will be applied during the current year or the beginning of next year."

[DinarThug]

LINK

Association of Banks concludes a course in banking service strategies and development of customer service management skills

 

 

 

18th July, 2019

 

The Iraqi Private Banks Association, in cooperation with the Central Bank of Iraq and the Joint Efforts Group, concluded Thursday a training course entitled "Banking Service Strategies and Developing Customer Service Management Skills

The course was held for four days at the headquarters of the Association, with the participation of 40 trainees from government and private banks and financial transfer companies

"The program comes within the directives of the Central Bank to improve the performance of bank staff and improve the banking sector and to inform its employees of the latest systems and programs used in developed countries," said Ahmed Al Hashemi, Director of Administration and Training

The Association of Iraqi Private Banks in its training center relies on trainers with long experience and who have international certificates

At the close of the conclusion of the course, graduation certificates were distributed to the participants and a commemorative photo was taken

[DinarThug]

LINK

Washington is ready to support the Kurdistan region and increase investment in it

 

 

18th July, 2019

The President of the Kurdistan Regional Government welcomed Barzani in Arbil on Wednesday, a delegation from the US embassy headed by US Ambassador to Iraq Matthew Toller.

During the meeting, which was attended by US Consul General in Erbil, Stephen Vigne, the guest delegation extended his congratulations to the Prime Minister on his assumption of office as Prime Minister.

The US ambassador expressed his hope that the prime minister will succeed in his new mission, noting that the people have great hope for this government, and said that Washington is ready to provide support. "We urge US companies to invest more in the Kurdistan region."

He also praised the ambassador, the visit by the delegation of the Kurdistan Region headed by pleased Barzani to Baghdad on Tuesday, expressing his wishes that the three Iraqi presidencies play a positive role in developing treatments for the outstanding problems between Arbil and Baghdad.

In contrast, the President of the Kurdistan Regional Government on the need to implement the program of work, which was announced during his tenure, especially in the sectors of service, health, education and agricultural, in addition to the electricity sector.

 

Edited July 18, 2019 by DinarThug

[DinarThug]

LINK

America to monitor 500 thousand dollars to rebuild the oldest temple of Yazidis in Kurdistan

 

 

18th July, 2019

US ambassador to Iraq Matthew Toller announced on Thursday that his country would allocate $ 500,000 to rebuild the Lalish temple of the Yezidi Kurds.

"I am pleased to announce that the United States has allocated 500,000 dollars for the reconstruction and rehabilitation of the Lalish Temple," Toler said at a news conference after the temple's visit. He said specialized teams from Pennsylvania would oversee the project.

He added that "America supports a number of heritage projects in Iraq, including the Museum of Antiquities in Baghdad and the citadel of Arbil, in addition to cooperation projects to rebuild destroyed archaeological sites in the city of Mosul."

[DinarThug]

LINK

Deposit Guarantee Company issues 45 billion shares for subscription

 

 

18th July, 2019

 

The Iraqi Deposit Insurance Company announced on Thursday that 45 billion shares of the company had been offered for subscription in three banks

The company said in an announcement received by "Economy News" that "the price of one share dinars,"noting that the places of subscription will be in the Rasheed Bank in Baghdad / Rashid Street, and the Industrial Bank in Baghdad / Sanak, and the International Development Bank / Baghdad Karrada

The company explained that the subscription period is not less than (30) days and not more than (60) days, pointing out that the subscription starts on Sunday 21/7/2019 and closes after 30 days