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Monday 30 September 2019

 

Free Membership
 

On the eleventh of June, the Central Bank of Iraq announced the approaching date of the launch of the so-called "electronic travel cards" in the framework of the trend towards the use of electronic payment tools instead of cash payment. 

These cards are known globally as travel card, as used by the traveler inside and outside the country to pay for travel expenses such as air fares, hotels, purchases, treatment and study, avoiding the risk of carrying money, as well as the service of obtaining a fixed exchange rate of the local currency for foreign exchange rates, and the possibility of financial transfer From one card balance to another card. 

While achieving great benefit to monetary policy, by increasing the ability of banks to attract the public to modern banking services, which contributes and supports the tools of financial inclusion to move the mass of cash and withdrawn to the banking arena, as well as facilitate the task of the parties involved in the fight against money laundering by monitoring Exchange destination.


Today, this program, which in practice seems to need a serious plan capable of building trust between the banking sector and the public, has been re-launched after the data generated by the introduction of electronic payment cards in the country in the context of financial inclusion steps, We hear from those covered by the Emiratisation Scheme (ITS). 
POS retail outlets have not yet been available in line with the large number of cards issued throughout the capital Baghdad at least, and if available in some areas, shopkeepers in some cases invoke the failure of the device and demand cash, while the process of online shopping "" On line is subject to good Internet service and the availability of electricity, and some found it difficult to contact the service of banks while dealing with the problems that occurred to him during his dealings with the ATM "ATM". 

It seemed as if the project of the localization of salaries and the work of electronic cards, did not receive the approval of the targeted services, and therefore, there is an urgent need to take into account the situation of the establishment of confidence between the public and the authorities based on these services and prioritize them more before the start of the travel cards project by upgrading the elements of these services represented by banks (Through its staff and technologies), merchant at retail points, and the public by activating financial inclusion tools related to banking awareness and public protection in proportion to all levels of service target, it is wrong to say that the affluent Learners are targeted only because the bulk of the chunks of cash are often in other categories.

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Finance Minister: We agreed with China on «oil for projects»

 

Monday 30 September 2019

 

alsabaah-19812.jpg

 

Baghdad / Al-Sabah


Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein that Iraq's cooperation with China will be within the framework of "oil for projects and technology." Hussein said during his hosting at the "Rafidain Forum": It "began to restructure the Iraqi economy by activating the sources of non-oil imports and reform of banks and government institutions and create jobs for young people and support local governments to improve the quality of services." 

He added that "our cooperation with China will be within the framework of oil for projects and technology with emphasis on creating jobs for our young people, and we will identify strategic projects and choose large companies."

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Finance Minister: We agreed with China on oil for projects

 


Monday 30 September 2019

 

alsabaah-19799.jpg

 

Baghdad / Omar Abdul Latif

 
 
The Finance Committee in the House of Representatives expected a decrease in the budget deficit in 2020 to 40 trillion dinars.

Committee member Ahmed Mazhar al-Jubouri told "Al-Sabah": The Committee has been studying the budget next year for almost a month, through continuous meetings between the Committee and the Ministry of Finance, pointing out that the projections indicate that the size of the budget deficit in 2020 is 40 trillion dinars.

The MP added that the government needs to create conditions to support economic reform activities, exploitation and reconstruction, and focus on immediate reforms and provide means to revive the banking sector, and review plans in the areas of agriculture and housing.
"A good financial market can support fiscal policy and instruments such as government bonds, which can diversify public revenues, as well as boost investor confidence in the capital market,"he said. It is widely used as a source of public revenue within a flexible and effective fiscal policy. "
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8 minutes ago, cranman said:

All fine and good for the Chinese.  Infrastructure is great for the people of Iraq too. But what about the RV? How are they repaying other debts? How are the people getting their money from oil sales?

Every iraqee will be given  1 gallon of oil and gas a month. lol

Cash is already gone.

Edited by jg1
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https://cbi.iq/news/view/1301

The Central Bank directs banks to provide their services via mobile phone

 

image.jpeg.7d33e86baeb30c9b936cb7024f4949ec.jpeg

 

30th September, 2019

 
 
In light of the strategy of the Central Bank of Iraq to achieve financial inclusion, and improve digital banking services, and modern technologies, to ensure easy access to those services provided to different segments of society, this bank directed all banks licensed to provide mobile phone application service (Mobile Banking) ensuring the facilitation of banking service for beneficiariesAnd ensure the availability of protection and confidentiality systems for them, to be implemented within a specified period of time from the date of issuance of instructions from this bank.
 
Central Bank of Iraq
information Office
Baghdad, 30 September 2019
 

» Click here for instructions

Translation  ...

In light of the bank's strategy and orientations to achieve the principle of financial inclusion,
and to improve digital banking services and rely on modern technologies to ensure easy
access 
to services provided to all segments of society at reasonable prices, it was decided
to provide 
Mobile Banking service. To ensure at least the following: 1 - Providing legally
permissible 
banking services in a responsible and sustainable manner, including but not
limited to: 
Possibility of linking with electronic money transfer service between banks via
telephone 
fighting (IIMPS)View details of customer accounts, balances and account
number (IBAN) 
with the possibility to request a statement of banking transactions made
by the customer 
View details of services, offers, products, prices and banking offers

View the statement of loans 
and credit cards and repay the amounts due within the
accounts of the customer within inquire 
about the locations of ATMs and branches of
the bank 
| View the rights and duties of the 
customer III Communicate with the
customer service center in an easy and efficient way - 
the possibility of making money
transfers between the accounts of the customer
All inquiries 
are subject to a specific
daily ceiling, customer eating, good currency, type of transaction and  
the possibility of
making transfers between the client's own accounts (Iraqi Dinar and US Dollar 

currency and according to the exchange rate set by this bank. Request a sukuk book
and see 
the status of the application. Rules of intent and all the elements of information
protection, 
networks and systems, including but not limited to (Firewall, Proxy, Intrusion
Detection, etc.) 
3 - Availability of fraud prevention activities for health and control of
switches to the application 
to access the application using a user name and password
of each customer . P access Li 
account by using a multi-step authentication (MFA)

Voting and 6 - Availability of encryption procedures and the mechanism of customer
identification 
through the use of one-time password (OTP). 7 - Using the electronic
signature mechanism in 
accordance with the regulations adopted by the Ministry of
Communications in financial 
transactions carried out through the mobile phone. -
The presence of log files (logs) for all uses 
of the system and programs or send an
alert via e-mail or SMS service when performing any 
operation through the application
such as making transfers, incorrect access attempts, deny 
access, change or reset the
password of the customer. . Etc). 10 - Availability of additional 
information for the Zion
to ensure bank secrecy (such as the last entry of the application, change 
of questions
and answers confidential relating to the customer ... etc.). 11. The application

interface supports Arabic and other languages. Take the necessary action within a
period not 
exceeding (6) months from the date of this book. . with respect

 

###########

 

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The Central Bank directs banks to provide their services via mobile phone


17369.jpg

 

30th September, 2019

 

 

The Central Bank, on Monday, directed banks to provide their services via mobile

The Central Bank said in a statement received "Economy News" a copy of it, that "in the light of the strategy of the Central Bank of Iraq to achieve financial inclusion, and improve digital banking services, and modern technologies, to ensure easy access to those services provided to different segments of society, and this bank directed all licensed banks to provide a service "Mobile Banking application, which ensures the facilitation of banking services to beneficiaries, and ensure the availability of protection and confidentiality systems for them

"It will be implemented within a specified period of time from the date of issuance of instructions from this bank," he said

 

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

 

The Central Bank directs banks to provide their services via mobile phone    

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Deputy stresses the need to choose a minister of education from the womb of the ministry


Deputy stresses the need to choose a minister of education from the womb of the ministry

 

30th September, 2019

 

The opposition MP of wisdom movement Asaad al-Morshedi, on Monday, the importance of choosing a strong figure from the womb of the Ministry of Education to fill the post of Minister of Education, noting that the challenges and problems surrounding the ministry is great and need a person familiar with the hidden.


Al-Murshidi said in an interview with Alsumaria News, "The file of the candidate of the education portfolio took a very long time, and the Prime Minister must resolve it as soon as possible," noting that "the nominations abounded for this post and there are four names failed to take office and the Prime Minister should have a clear position By nominating a strong and professional personality capable of addressing the problems of the ministry."
 
Al-Murshidi added, "Education is a very dangerous strategic ministry and the fate of the future of the people of the country is in its hands. To be up to date." He stressed Morshedi, "Many political blocs within the House of Representatives supports the option of nominating the prime minister for a strong professional personality from the womb of the ministry away from partisan quotas."
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Jubouri calls on Mahdi to remove pictures of Iranian leaders

 

mahdi.jpeg

 

30th September, 2019
 

 

Deputy for Nineveh province, Ahmed al-Jubouri, on Monday, through a tweet by the Prime Minister to raise the pictures of Iranian leaders in the city of Mosul and the rest of the provinces to preserve the sovereignty of Iraq.

Many images of Iranian military leaders and clerics are scattered in major squares and intersections of major Iraqi cities such as Baghdad, Nineveh and Basra.

Al-Jubouri said that the Prime Minister is obliged to preserve the sovereignty and dignity of Iraq, pointing out the importance of raising the images of Iranian leaders such as Abdul-Mahdi's decision to raise the statue of Lieutenant-General Abdul Wahab al-Saadi, commander of the anti-terrorism forces from Mosul.

Activists from the province of Nineveh confirmed that the leadership of the province's operations prevented them, on Sunday, from unveiling the statue of Saadi recently dismissed from his post.

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Two XE Currency Converter Posts From Delta On Thursday - Followed By Two Posts From DV Members In The Bro’s Thread This Morning ...

 

 

 

UNITED STATES DOLLAR TO IRAQI DINAR (USD TO IQD)

 
  
RATE DATECurrent Date
 
26. September 2019
 
 
×Sorry, exchange rates for this currency pair are not available for the date given.
 
 

FURTHER INFORMATION UNITED STATES DOLLAR - IRAQI DINAR

 
Close: - Open: - Daily Low: - Daily High: - Date: 9/26/2019 Day of Week: Thursday

 

NEVER SEEN THIS BEFORE...

 

DELTA

 

On 9/26/2019 at 2:44 PM, DinarThug said:

UNITED STATES DOLLAR TO IRAQI DINAR (USD TO IQD)

RATE DATECurrent Date
 
26. September 2019
 
 
×Sorry, exchange rates for this currency pair are not available for the date given.
 
 

FURTHER INFORMATION UNITED STATES DOLLAR - IRAQI DINAR

 
Close: - Open: - Daily Low: - Daily High: - Date: 9/26/2019 Day of Week: Thursday

 

NEVER SEEN THIS BEFORE...

 

DELTA

 

XE Currency Converter: 1 IQD to USD = 0 USD

 

Fast, easy money transfers to over 120 countries and 65 currencies

 

 
IQD
 
 
Live mid-market rates
0.00  USD
IQD  =  0.00083487  USD
Transfer fee -.-- 
You want
 
USD
 
 

Unfortunately we are not able to provide online money transfers from IQD to USD at this time.

 

https://www.xe.com/

 

DELTA

 

On 9/26/2019 at 2:46 PM, DinarThug said:

XE Currency Converter: 1 IQD to USD = 0 USD

 

Fast, easy money transfers to over 120 countries and 65 currencies

 

 
IQD
 
 
Live mid-market rates
0.00  USD
IQD  =  0.00083487  USD
Transfer fee -.-- 
You want
 
USD
 
 

Unfortunately we are not able to provide online money transfers from IQD to USD at this time.

 

https://www.xe.com/

 

DELTA

 

5 hours ago, soon said:

hmmmmm !!!  xe converter nor comming up unsual :bravo:

 

5 hours ago, NEPatriotsFan1 said:

Xe is not working for me right now either... I tried IQD to USD and KWD to USD.... just goes to a blank page.... don’t want to get overly worked up about it because we’ve seen glitches before, but with the ISX supposedly coming back online tomorrow and the US Fiscal Year starting on Oct 1st. Maybe we are gonna have some changes 🤙🏻

 

:o 

 

:D  :D  :D 

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image.php?token=53b2f9d0a8354d081f1097c69d6e3ac0&size=
 
 
Al-Madar publishes the demands of the demonstrations
 
30-09-2019 10:39 PM
 
Orbit Agency -

Baghdad
got 'orbit' demands a demonstration tomorrow , Tuesday (October 1, 2019) which will be launched Bhashtak '# Nazl_lakhz_haka' demands are:

1. declare a real war on corruption and open all the files of corruption and with the help of specialized international bodies to issues of corruption and the enactment of the law where you This

2. Preventing the interference of political parties and blocs in government work, separating political entitlement from government positions and establishing the Federal Service Council

3 - Formation of the Construction Council, which consists of specialists to be responsible for all projects and future plans of the country

 

4. Really support the private sector, protect the domestic product to eliminate unemployment, move the local economy, maintain foreign currency within the country and open the door for real domestic and foreign investments

5 - Cancellation of the currency auction and the adoption of free market policy

6. To confine arms to the State in a genuine manner and to abolish all armed manifestations and the militarization of society

7- Restructuring all government sectors, especially the service ones, to be real productive sectors

8 - Restructuring and organization of the institution of education and fast and urgent in order to produce a successful educational sector according to international standards

9. Amending the Electoral Law to be a fair law and preserving the rights of all

10. Repeal and amend all laws and legislations that contravene the Constitution and immediately apply the disabled paragraphs of the Constitution and abolish all special privilege laws

■ Give an opportunity not more than 15 days to start the implementation of the above or else the ceiling of our demands next time will be higher and bigger

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image.php?token=7e6868673a5ddf61ba85eebb29b11d58&size=
 
 
Al Madar publishes the curriculum vitae of the Ministry of Education candidate
 
 
30-09-2019 11:16 PM
Orbit Agency -

Baghdad

got 'orbit' curriculum vitae of the candidate of the Ministry of Education, Afrah Abdul Khaliq al-Moussawi, which was chosen by the Parliamentary Education Committee

Earlier on Saturday, Wisdom MP Hassan Fadam confirmed that parliament would vote on any candidate nominated by the prime minister personally to the Ministry of Education and not affiliated with a political party. The message arrives

 

image.php?token=a34e262cd879d29fed38c7c7image.php?token=587e16fa0cef7859a8a1f08eimage.php?token=581699f6c30ac32f24188b8b

image.php?token=13f4f53e9ea2ff2c9270faed

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On 9/27/2019 at 10:12 AM, DinarThug said:

Iraq Stock Market Report

 

Rabee-Securities-630x350.png

 

27th September, 2019

 


Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 26th September 2019).

Please click here to download a table of listed companies and their associated ticker codes.

The RSISX index ended the week at IQD630 (+2.4%) / $678 (+2.4%) (weekly change) (-4.4% and -4.5% YTD change, respectively). The number of week traded shares was 1.2 bn and the weekly trading volume was IQD1.3 bn ($1.1 mn).

 

ScreenHunter-4698.png

 

ISX Company Announcements

 

The Iraqi Stock Exchange (ISX) and the Iraqi Securities Commission (ISC) announced that as of September 2019, trading data would be available in the Arab Monetary Fund database among 17 stock exchange markets registered in the fund. The price index became within the composite index of the Arab Monetary Fund for Arab financial stock exchange markets for the first time in the history of Iraqi financial markets, as well. This is considered as a positive step towards increasing the clients’ trust in the Iraqi markets.(ISX) ISX will suspend trading of Cihan Bank for Islamic & Finance (BCIH) starting Oct. 8, 2019 due to the AGM that will be held on Oct. 12, 2019 to discuss and approve 2018 annual financial statements. Ready-Made Clothes (IRMC) and AL- Kindi of Veterinary Vac. (IKLV) will resume trading on Sep. 29, 2019 due to disclosing their 2018 annual financial statement. Iraqi Date Processing and Marketing (IIDP) and Al-Zawraa for Financial Investment (VZAF) will resume trading on Sep. 29, 2019 after discussing and approving 2018 annual financial statements. ISX suspended trading of Al Janoob Islamic Bank (BJAB) starting Sep. 26, 2019 due to the AGM that will be held on Oct. 1, 2019 to discuss and approve 2018 annual financial statements. Sumer Commercial Bank (BSUC) resumed trading on Sep. 25, 2019 after discussing and approving 2018 annual financial statements and deciding to distribute 4% cash dividend (IQD0.04 dividend per share, 7.3% dividend yield). ISX suspended trading of Mosul Bank for Development & Investment (BMFI) starting Sep. 24, 2019 due to the AGM that will be held on Sep. 29, 2019 to discuss and approve 2018 annual financial statements. Mamoura Real-estate Investment (SMRI) invited its shareholders to receive their cash dividend (5% cash dividend, IQD0.05 dividend per share) starting Oct. 1, 2019. Asia Al Iraq Islamic Bank for Investment (BAIB) invited people for the public subscription for its 50% rights issue to increase the capital from IQD100 bn to IQD150 bn. Subscription started on Sep. 18, 2019. Subscription period is no less than 30 days and no more than 60 days.

 

Once Again - The Chin Speaks ! :o 

 

 

 

Even Though U Can’t See His Lips Moving ...

 

:D  :D  :D 

 

 

 

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For the first time .. Arab cash includes indicators of the Iraqi market for securities

 

received_399794477375237-660x330.jpeg

 

1st October, 2019
 

 

The Arab Monetary Fund included indicators of the Iraqi market for securities to its data from the month of September, and this is the first time that the indicators are displayed within the data of the Fund.

The Executive Director of the Iraqi Stock Exchange Taha Ahmed Abdul Salam said: "As a result of the joint cooperation between the Iraqi Stock Exchange and the Securities Commission with the Arab Monetary Fund, has been completed the experimental stages of work to download the data and trading indicators for the Iraq market during last August Before the Electronic Systems Department. ”

Database

Added , "As of the beginning of September became the trading data within the Arab Monetary Fund , a database of 17 financial market registered in the Fund, and became the price index within the composite index of the Fund for the Arab capital markets, for the first time in the history of the Iraqi financial markets." He pointed out that the number of companies listed on the Iraqi market for securities 102 joint-stock companies constitute the sectors of banking, insurance, financial transfer, investment, industry, agriculture, communications, hotels, and the total capital of these companies 12130 billion shares

Investor confidence

He stressed that "this achievement is a positive step towards enhancing the confidence of investors in the Iraqi market and to achieve the objectives of disclosure and transparency in accordance with international best practices." Abdul Salam had stated in a previous statement to "morning" that "the market is working to train at least 400 students in order to spread the culture of investment at the level of university students, but if there is scientific material for students of colleges concerned with economic affairs in all its joints, and thus win a segment It is important to be in the field of investments in stocks and bonds, as is happening internationally, and this leads to encourage the student to establish a joint stock company or be part of it or invest in this important joint.

International effort

Abdul Salam said that "the interest of regional and international organizations in the Iraqi market stems from the recognition of the international effort, the importance of Iraq on the international stage of work, and that it is on an important stage, the existence of close economic partnerships between Iraq and the global market that can achieve great benefit from dealing with Iraq, especially "The geographical position and wealth of the country can have a significant positive impact on the world's economies."

In a statement to the Arab Monetary Fund and the Iraqi Securities Commission that in the framework of cooperation between them, was in the month (September) 2019 the listing of the Iraqi market for securities officially in the system of Arab financial markets database at the Arab Monetary Fund. This brings to 17 the number of Arab financial markets joining the Arab Monetary Fund database.

Special indicator

The total market value of the market at the end of 2018 amounted to about 11356 billion Iraqi dinars, equivalent to 9.1 billion US dollars, thus being the 13th among the Arab financial markets in terms of market value. Accordingly, the Arab Monetary Fund has started to calculate a special index for the Iraq Stock Exchange, based on the data as of 31 July 2019 as a base period. The sample of the Fund's index for the Iraq Stock Exchange includes 43 companies, whose market value represents about 80 per cent of the total market value, which is at the end of 2018, and the Arab Monetary Fund calculates in addition to indicators for the financial markets that join its database, a general composite index, measuring The performance of the Arab financial markets combined, including the Iraq Stock Exchange as of September 1, 2019.

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9-30-2019   Newshound Guru Breitling   Question:  

I got another email from [broker name redacted] they're currency buy back policy best rate in town ...

Do you think this is a good sign for us?]   

 

Absolutely.  

Why would [Broker Name] send out emails trying to buy back your currency at a higher value if the market didn't demand for it

It's just a market demand.  So that makes sense right? 

I'm telling you,

people that I talk to that got into the ISX when I first got into investing in the Middle East -

They wouldn't touch the dinar.  

Now they're all trying to get it. 

They can't buy it at Chase Bank like I did. 

So they're going out and buying it and making sure that it's all legit.  

That's where the demand is coming from...

I'm very excited and you should be too

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9-30-2019   Intel Guru BobTheTaxMan  ...

we know the CBI has set it up so they are not selling dinar outside the country at this point and time. 

All of these dealers...

are buying dinar internally inside the United States and then reselling it.  

That's all they have. 

That's the market.  They are limited now. 

They can't get it anymore.  

We also know the note count is being reduced. 

The accessibility to it is just not there. 

I realize we have not had a physical change in the value...

but just take a look at the fact that the accessibility to it has become very limited. 

Very limited.  

That means somewhere down the line this thing is going to have value...

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3 hours ago, DinarThug said:

9-30-2019   Intel Guru BobTheTaxMan  ...

we know the CBI has set it up so they are not selling dinar outside the country at this point and time. 

All of these dealers...

are buying dinar internally inside the United States and then reselling it.  

That's all they have. 

That's the market.  They are limited now. 

They can't get it anymore.  

We also know the note count is being reduced. 

The accessibility to it is just not there. 

I realize we have not had a physical change in the value...

but just take a look at the fact that the accessibility to it has become very limited. 

Very limited.  

That means somewhere down the line this thing is going to have value...

You can still buy 500k dinar for 600 dollars on ebay  ?

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 Tuesday: October 1, 2019
 
296A6A87-D8D7-4394-89F9-A627D34746D0_w10

 

 Baghdad

 

Hundreds of citizens are heading to Tahrir Square in central Baghdad to demand reforms and jobs and services.

A local source said that hundreds started to go to Tahrir Square in preparation for the start of a demonstration to demand a range of issues, most notably work and services.

He explained that the security forces did not deploy intensively, because the demonstration does not start now, but there are likely to deploy security forces in conjunction with the start of the demonstration

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Bridge Republic now

 

Image .. Bridge Republic now
 
 
2019/10/1 16:19
 
 
 
Tear gas covered the sky of the Republic Bridge after clashes between demonstrators who tried to enter the Green Zone and security forces, which repelled them with tear gas, wounding a large number of demonstrators.
 
 

Resized Image

 

 

 

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

 

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Clashes between security forces and demonstrators

 

Pictures .. Clashes between security forces and demonstrators
 
 
2019/10/1 15:28
 
 
Clashes between demonstrators and security forces took place on Al Jumhuriya Bridge and Tahrir Square in central Baghdad.

A number of demonstrators headed to Tahrir Square on Tuesday morning, in addition to other demonstrations in a number of governorates calling for "improving the living situation and obtaining job opportunities."

A security source told the (Euphrates News) that "injuries occurred among the demonstrators and security forces in Tahrir Square in central Baghdad, because of the recent use of gas bombs in an attempt to disperse the demonstration."

Resized ImageResized ImageResized Image
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Iraq closes its consulate in Iran and requires an official apology

 

iran_iraq.jpg

 

1st October, 2019

 

Iraqi Foreign Minister Mohammad Ali al-Hakim ordered the closure of the Iraqi Consulate General in the Iranian city of Mashhad.

Iraq stipulated that the Iranian authorities should make an official apology to the Iraqi Foreign Ministry and the employees who were severely beaten, insulted and imprisoned.

On Tuesday, Iraq's parliament's foreign relations committee condemned in the strongest terms an attack on Iranian diplomats in Mashhad. "This attack is condemned in the strongest terms and is condemned by the Iraqi people, especially since the diplomats, on an official mission, have entered Iranian territory in legal and official ways. Street beat and imprisoned. " "Hundreds of thousands of Iranians are visiting Iraq, and they are welcome," he said.

It is noteworthy that the Iraqi Consulate in Mashhad has reported in a book, "Confidential and Personal" on 28/9/2019, the Iranian security authorities monitored two employees sent from the ministry center to the mission in Mashhad for the purpose of visiting Arba'een where they were beaten and arrested.

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All In The Family ...

 

:D  :D  :D 

 

 

 

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Rouhani's brother was sentenced to 5 years in prison for bribery

 

1-330x186.jpg

 

1st October, 2019
 

 

A court in Iran on Tuesday sentenced Hossein Faridoun, brother of President Hassan Rouhani, to five years in prison for bribery, Iranian judiciary spokesman Gholam Hossein Ismaili said.

"The judiciary issued a final sentence of Hussein Fareedoun five years after the commutation of the sentence of seven years for bribery," Ismaili was quoted by state media as saying at a news conference, adding that "Fereydoon must pay the bribe amounting to more than 31 billion tomans." 

Faridoun was arrested in July 2017 after being involved in corruption cases, including “financial crimes”.

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