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1 hour ago, cranman said:

They get oil for reconstruction and what do we get for the war?  Still waiting!  Haha

Agreed kind of crazy isn’t it we are still left holding the 1 trillion plus dollar bag for liberating this shiiitte country. Sure hope this currency play is what the payback is but that doesn’t even come close to the lives we have lost there!

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Thanks for your input Arceo, The article said;  “The foreign currency reserves are a cover for the local currency.” Foreign currency reserves $87 billion dollars  The monetary mass

Thanks Thug,  I think Obama did exactly what he was told to do by his Muslim Brotherhood Masters.  

The foreign currency reserves are a cover for the local currency. 💰💵💰💵💰   Foreign currency reserves $72 Billion dollars  Money in circulation $42 Trillion IQD/1190 = $35.3 billion dolla

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China and the next stage

 

Wednesday 25 September 2019

 

Free Membership
 
The visit of Prime Minister Dr. Adel Abdul Mahdi to China has a wide ambition to activate cooperation with the second largest economy in the world, although the cooperation is in the field of trade with an estimated trade value of 37 billion dollars led by the private sector.

Here, with great desire to cooperate with a large economy with capital and advanced technology, what should we prepare for the next stage? We are all convinced that challenges persist and hinder the evolving global effort in the local labor market.

It is urgent to create an ideal working environment that is attractive to the evolving international effort of China and others. To realize that the development of the economy is beneficial for all and integrates with neighboring and regional economies.

It is imperative to know where to start and what to prepare for the next stage of development of our local economy, and to be a great supporter of the global economy.

Our mission is not impossible, a strong will is required to move the economy to safety, and with the recent government directions in cooperation with major world economies, we can do the local market and transfer to the global that is in dire need of a virgin economy such as the Iraqi economy, which has the channels of great benefit for all.

We are all aware of China's manufacturing capabilities, which can make Iraq the starting point for Chinese industries towards global markets, benefiting from geographical location. the operation.

Iraq has the developmental constituents of natural and human resources and the influence of the global economy. This is recognized by the evolving international effort.

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Advisor to Prime Minister: The essence of China's visit includes building a financial agreement to finance infrastructure projects

 


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By ahad5 25/09/2019 06:01 PM 

 

Ahd News - Baghdad

 

Adel Abdul Mahdi and his accompanying delegation to China announced the signing of a financial framework agreement with a ceiling of $ 10 billion for special projects on roads, sewage, railways, ports and industrial cities..

Al-Hunain said, “The essence of the China visit conducted by the Iraqi delegation headed by Abdul-Mahdi included the construction of a financial framework agreement to finance projects on infrastructure of roads, sanitation, water and electricity, construction of schools, hospitals, railways, ports and the construction of industrial cities.”.

He explained that "the framework agreement was between the Ministry of Finance and the Central Bank of Iraq on the one hand and the Foundation for Export support and Credit of China on the other hand a financial ceiling of $ 10 billion”.

He added that "the agreement is by credit and not a loan through the use of Iraqi oil as a gold ingot to ensure the completion of projects by the Chinese side," pointing out that "the agreement included the completion of projects with special follow-up by the Iraqi Prime Minister and Chinese Nadira."

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Towards the Silk Road

 

Wednesday 25 September 2019

 

Dr.. In the name of Brahimi
 
 

The visit is the largest in terms of the number and level of officials that took place a few days ago through a high-level delegation headed by the Prime Minister to the People's Republic of China, the second economic power or as the so-called Asian Dragon which is expected to become within the next two decades 


The first economic figure in the world, a visit with important implications and deep dimensions at the level of the relationship between the two countries as well as the possible repercussions on economic relations in particular, what are the most prominent ones 

Reflections? Is it permissible for us to be optimistic or will it be a visit like other visits by officials in the past years?
Certainly, China's economic weight internationally is important in choosing the destination of the visit. 

It is also a trading partner for many countries of the world, including Iraq and has a significant proportion of world trade 
Reaching about 25 percent, with a value of about $ 4.5 trillion, it also has the best real estate companies in the world. 
Boat (10 percent) annually on average.

The importance of this visit comes not only from the economic advantages we mentioned, but also from the mechanism that will be adopted as part of the strategy signed during the visit. The main advantage of this agreement is that the funding of these projects will be through the proposed fund without going through ministries, committees and To be away from the corruption that has disrupted the start of the Iraqi economy for more than a decade and a half.

If Iraq is able to proceed with this agreement, it will be on the threshold of an important stage of its transition from one case to another, befitting it, its economic and historical status and its national merits, with its material and human resources capable of making the future.  

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Openness policy

 


Wednesday 25 September 2019

Free Membership

 
 
The Iraqi government headed to China on a visit to its prime minister, ministers, governors and advisors.

In order to attend the opening of a Chinese industrial exhibition, and to communicate with the government of this country, which is counted from the promising great countries in the growth and development, a good step at this time when Iraq is relatively rid of the impact of terrorism on growth and reconstruction, and created an atmosphere that requires a huge investment and sustainable Effective infrastructures with high financial costs that are unsustainable from the country's treasury in particular at present. 

China is already qualified to invest and provide assistance, especially as it was a country that was classified until recently from the developing countries, which was able to cross this classification and move forward to be one of the strongest economies in the world, as well as the East Chinese mentality is somewhat close to the mentality of eastern Iraq as well, 

They are able to deal with them more successfully than other minds in a world full of 

With competencies. 

However, the issue of openness, investment and the ability to attract capital is not the only obstacle in today's Iraq, whose oil exports since the first day of regime change in 2003 and to this day brought billions of dollars alone and without the use of external capital, to rebuild Iraq. Pushing it forward could bring it closer to the ranks of many of the countries it is close to China. 

The main obstacle in Iraq, which the government must be aware of if it can actually bring investment and technology from China, is how these investments are protected from whales of corruption, bargaining pests, willful obstruction and policy interference in technical and financial affairs. 
للاستثمار. 

Especially since Iraq, in fact, has not yet recovered from pests that have devastated industry, agriculture, trade and construction and contributed to the destruction of the country, which is afraid of remaining active to pay the billions of Chinese that he writes and hopes to get them to melt in the sea of corruption, if it is taken into account that billions The 

Iraqi dissipated (melted in the sea of corruption) far exceeds the number of billions of Chinese hoped 

It arrives. 

China's projects, openness and prospects for attracting investment are risky if they are not prepared in advance, prepared to deal with them, and protected from whales. And pests. 

This is something that if the government succeeds and makes it easier for it to succeed, it will have benefited the country in the records of history. And achieved. 

Nevertheless, despite all these signs, there is hope that there will be some success.

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Warnings of worsening foreign debt .. "China" one of the attempts of "Mahdi" to contain the deficit of the Treasury!


 Wednesday 25 September 2019

 

Special: Written - Nashwa Hefni:

 

 

Coinciding with the announcement of "Iraq" signed 8 new economic agreements with "China" during the official visit of Iraqi Prime Minister, "Adel Abdul Mahdi," and a delegation of his ministers and governors, announced the parliamentary Finance Committee in the "Iraqi Parliament", that the debts of "Iraq" Foreign Ministry reached the $ 125 billion barrier, describing this figure as “dangerous and frightening for the economic future”.

Ahmed Mazhar al-Jubouri, a member of the committee, said: “The committee has already suspended debts, especially foreign affairs, in the 2019 budget, at a time when there is an obligation to continue the debt as it existed during the war on ISIS gangs in the provinces of Nineveh, Anbar and Salah al-Din.” .

He pointed out that: "especially foreign debt amounted to 125 billion dollars."

He warned that: "Its survival portends a threat to the economic future of Iraq."

He pointed out: "The presence of 20 paragraphs of debt will be in the budget 2020, after the Committee held with the Ministry of Finance five meetings during the past month, as part of these debts were loans imposed on Iraq by the World Bank."

He explained that: "The search is still continuing for solutions to fill the budget deficit next year."

 

Pessimism surrounds Iraqi economy

According to the "International Monetary Fund" the debts of "Iraq" has worsened, during the past years, where it was six years ago; 73.1 billion dollars, and rose in 2014 to 75.2 billion dollars, and in 2015 became 98.0 billion dollars, compared with two years ago, 114.6 Billion dollars, to rise in 2017 to 122.9 billion dollars.

The latest estimates of the "International Monetary Fund" for the Iraqi financial situation, in July, to devote the pessimistic situation surrounding the local economy despite the improvement of prices "oil"; exceeding the minimum expected by the Iraqi government per barrel.

"The reconstruction and recovery of the economy, after the war on ISIS, have been slow," the IMF said.

The rise in non-oil GDP was limited to less than 1 percent year-on-year, over the past year; “due to poor implementation of reconstruction and other public investments. Gross domestic product contracted by about 0.6 percent as oil production was cut pursuant to the OPEC agreement.

In this estimate, hopes fade about the ability of "Iraq" to pay part of its foreign debt, as well as the interior. The budget this year included about $ 15 billion to pay off debts, but it is unclear whether the Iraqi government has already spent the amount in this section in light of the lack of transparency with regard to official financial statements.

 

8 agreements signed with China

At the same time, the Iraqi government announced the signing of eight agreements and memorandums of understanding between Iraq and China, in the presence of Iraqi Prime Minister Adel Abdul Mahdi and Chinese Premier Li Keqiang.

A statement by the Iraqi government that the agreements and memorandums of understanding, which were signed at the end of the Iraqi prime minister's visit to "China", included the areas of finance, trade and security, reconstruction, communications, culture, education and cooperation between the ministries of "foreign" in the two countries.

The statement pointed to the agreement of the parties to implement the mechanisms of the framework agreement between the "Ministry of Finance" of Iraq and the "China Credit Guarantee Agency" and the agreement of economic and technical cooperation.

The agreements also included the signing of a memorandum of understanding between the Iraqi Ministry of Finance and the Chinese Ministry of Commerce on cooperation for post-war reconstruction in Iraq, the statement said.

The memorandum and other agreements are a memorandum of understanding between the Ministry of Communications and the Chinese Office of Aeronautics in satellites, a security memorandum of understanding between the Iraqi Ministry of Interior and Public Security in China, and a memorandum of understanding between the Iraqi and Chinese foreign ministries on the lands allocated to the diplomatic missions.

The statement noted the signing of a memorandum of understanding between the Ministry of Higher Education and the Information Office of the State Council to establish the Chinese Library at the University of Baghdad, and a memorandum of understanding for the executive program of cultural cooperation.

 

Iraq enters new phase

The statement quoted, "Abdul-Mahdi" as saying, that: "(Iraqi-Chinese) relations are at their best, and we look forward to their progress in the future, and that the Chinese economy is a pride to the East and the peoples of the developing", reviewing: Baghdad and the provinces are witnessing after the lifting of roadblocks and the opening of roads.

He explained, "Abdul Mahdi": "We have entered a new phase; namely, the provision of services and reconstruction and the fight against corruption and bureaucracy after the victory over (ISIS) and the grave sacrifices made by the Iraqi people, who suffered the scourge of war and dictatorship and deprived of the elements of a decent life in a double siege externally and internally, through terrorism and destruction “We look forward to turning cooperation into investment opportunities for our people.”

 

The trade will exceed 500 billion dollars.

Governmental and economic circles rely heavily on partnership (Iraq-China) in various areas of the economy, construction and investment in the medium and long term, given the amount of money expected to be spent in this direction, Abdul Hussein Al-Hunain, "that:" the volume of business between Iraq and China will exceed 500 billion dollars, in the next 10 years. "

A source close to the Iraqi government that; that: "Framework Agreement for spending through the financial trust fund among the most important agreements concluded with the Chinese side, and a long-term agreement between the two countries will encourage well-known Chinese companies to invest more in Iraq."

The source believes that: "China based on the recent agreements will be one of the largest importers of Iraqi oil, and today imports up to 800 barrels of oil per day from Iraq, and I expect to rise to one million next year."

 

Political visit responds to critics of the government!

In the opinion of the economist, "Yahya Al-Sultani," that: "China is a great country and able in terms of industries, reconstruction, services and trade, and all the countries of the world are moving towards them, including Iraq, which is expected to reach oil exports nearly five million barrels per day by the year 2020, making it a resource-rich country that China can trade with its industries and services. ”

He added that: “The visit of the Iraqi delegation headed by the Prime Minister to China; during which thirty memorandums of understanding were signed between the two countries, including eight huge memorandums concerning the liberated and destroyed areas, which include reconstruction, construction and trade sectors. In Baghdad, on the grounds that Mr. Adel Abdul Mahdi, inefficient in the management of the government program, so this visit was a response to critics of the Prime Minister, as he is able to sign huge agreements, knowing that the visit, Abdul Mahdi, to Beijing Supposed to take place eight months ago Dhat ”.

He continued, "Sultani": "Questions are raised about the value of these agreements and the amounts of interest that Iraq has to pay in the future, which may lead to the depletion of cash in the Central Bank, and if these agreements lead to such difficulties, they will be rejected by refusal, as it should Reference to the role of the United States in this subject, in terms of acceptance or not, those agreements, especially as the volume of trade between Iraq and China amounts to thirty billion dollars annually.

 

Corruption exacerbates budget deficit

On the budget deficit, said the Iraqi economist, "Bassem Jameel Antoine," that the budget deficit was previously considered a real deficit, but with the successive years and low prices of "oil" and increased expenditures and widespread corruption and the dependence of the Iraqi economy on "oil" and " Gas, ”the budget deficit is real.

The economist pointed out that: "To cover this deficit, the government resorted to borrowing from international organizations and companies, and this is a burden on the Iraqi economy."

Antoine explained that the budget deficit is part of the external debt of the former regime of the Gulf States, in addition to internal debt.

Antoine stressed the need to restructure the budget and rely on the private sector and activate the productive sectors to reduce import and create jobs to solve the problem of budget deficit.

On the role of the Parliamentary Finance Committee, Antoine added: "It must meet with specialists and competencies from the Ministry of Finance and those charged with preparing the budget to carry out a process of trimming and rid of excess expenses."

The Iraqi economist praised the steps taken by the Prime Minister, "Adel Abdul Mahdi," such as the signing of several important agreements with the "China";

 

Economic commissions cause widespread corruption ..

According to the site (Arabs), most deputies prefer to hold the government responsible for the fiscal deficit in the country's treasury, ignoring the fact that the illegal economic committees, formed by parties to represent them in the state institutions is the reason for the leakage of the country's money to networks of corruption.

It is no longer a secret that large parties form committees known as “economic”; their task is to collect their shares of state funds by monitoring the referral of projects for financial commissions, which means that MPs coming mainly from parties, are part of the problem, and perhaps its basis.

MPs are often members of their economic party committees, and they use their presence in parliament to pressure executives to get businesses, while questioning is the fate of officials who refuse.

Economists expect "Iraq" to continue the budget deficit in the country as long as the formulas of corruption and partisan quota, while others point to the possibility of an imminent economic collapse in the event of a drop in oil prices, "the world" from the current rates.

In order to search for companies carrying out projects in the form of payment of the deadline; due to the inability of the public treasury to direct funding, Iraqi Prime Minister, "Adel Abdul Mahdi", to "China" recently for help amid warnings of the country's involvement in new foreign debt.

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4 hours ago, FROSTYJACK said:

Go Luigi! 

 And let’s go Madame Woo!😎

 

Weegie Was Last Spotted ‘Pushing’ A Goat Into The Rumor Section ! :o 

 

 

 

Madame Woo’l ...

 

:D  :D  :D 

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https://cbi.iq/news/view/1294

Banknotes for small groups

 

image.jpeg.d5cd8178b93e927fc2375e86a85a5d09.jpeg

 

26th September, 2019

To / All banks approved ( banknotes for small categories ) ... To view Click here

Translation ..

To banks approved All banknotes for small classes are a good greeting. . . 
Past the objectives of withdrawing the following cash basket in circulation and 
to cover the market need of new papers for small categories (JD, ۱۰۰۰, ۵۰۰, ۲۵۰, دينار) ... 
(JD, 1000, 500, 250, dinar) and the time and effort required to process and sort the damaged 
banknotes of these categories from the time and effort required to excuse them in 
machines. Enemy Screening So you decide to abolish the imperfection of the imperfection 
that may appear in your creations of small dresses and for a limited time with appreciation.
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The Central Bank establishes a unified database for the banking system between its branches and the Center

 

news-156948896728827.jpg

 

26th September, 2019

 
 
The Central Bank of Iraq established a database for the banking system (ICBS) in its branch
in 
Erbil in a move to consolidate the main database in Baghdad and other branches.
 
This bank confirms that the remittances in the payment system (RTGS)  made by banks to 
their accounts in Erbil and Basra branch can be carried out directly and in real time,
while the accounting department in this bank is currently working towards linking the
database with the Mosul branch, and it is hoped that they will be completed before End
of the year.
 
Central Bank of Iraq
information Office
2019/9/26

 

 

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


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The Central Bank establishes a unified database for the banking system between its branches and the Center

 

The Central Bank establishes a unified database for the banking system between its branches and the Center

 

26th September, 2019

 

 

The Central Bank of Iraq, the establishment of a database of the banking system {ICBS} in its branch in Erbil in a move to consolidate the main database in Baghdad and other branches.
 
A statement to inform the Central Bank received a copy of the agency (Euphrates News) that "this bank confirmed that it is possible to carry out financial transfers in the system of payments (RTGS) by banks to their accounts in the branch of Erbil and Basra directly and in real time."

He pointed out that the accounting department in this bank is currently working towards linking the database with the Mosul branch and it is hoped to be completed before the end of this year.

 

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

 

The Central Bank establishes a unified database for the banking system between its branches and the Center  

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Advisor Abdul-Mahdi: What happened in China was not a coincidence


10:40 - 26/09/2019

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BAGHDAD -


The adviser to Prime Minister Abdul Hussein al-Hunain, on Thursday, new details of the visit of the Iraqi delegation to China, pointing out that what happened in China was not the result of coincidence.

"None of what happened with China was the result of coincidence," Hanin said in an article seen by Mawazine News. Part of oil imports to go on certain tracks. "

He explained, that these tracks include "projects of infrastructure across the governorates or within the provinces such as highways and the transit of cities infrastructure services such as sewerage and water networks, paving roads and electricity distribution networks, schools and industrial cities, then railways, ports, health (hospitals), communications, agriculture and ring roads around cities Baghdad, Basra and the rest of the provinces and then the metro and the suspension train, gas production and oil development and security and monetary cooperation between the two countries. "

He added: "It was not a coincidence also to vote in the Council of Ministers in favor of the draft law of the reconstruction one day before traveling to China, it was a message to Chinese friends that the Iraqi leadership is serious this time dealing with (a trusted friend standing with you in adversity), In the words of Chinese President Xi Jinping in describing his country China and also telling us: - I consider that the visit is successful by all standards and has achieved its objectives, and thanks Iraq for entering the initiative (Belt and Road / Belt / Road Initiative), which connects China or the East in general with the Western world through Iraq as the easiest and shortest link between the East and the old. "

"This initiative was launched by President Xi Jinping in September 2013. It focuses on building infrastructure in more than 68 countries, including Iraq. In figures, it covers 65% of the world's population and 40% of GDP." The total of all the countries of the planet, as it aims to develop through infrastructure by more than 900 billion dollars in these countries and Iraq will be part of this global economic integration. "

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Economist: agreements with China will not affect Iraq's relations with America


by Ali EjamEconomics23 Hours ago
 

Baghdad - “Liberation squares”

 

Economic expert Malaz Al-Amin ruled out the influence of China and the current agreements between Iraq and Iraq on our relations with the US and the economic agreements, stressing that the trade between the two countries is developed and this has nothing to do with the economic sanctions imposed by Washington on Beijing.

 

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The Secretary said in a press statement that "Iraq's relations with China, a historical relationship that dates back to more than six decades in the Republican era and several centuries at the level of the Iraqi and Chinese people," noting that "the Prime Minister's visit at the head of a large government and official The Government has the right to elevate these relations to the highest degree in all sectors, centered on infrastructure, roads, bridges, communications, investments in the agricultural, industrial and tourism sectors and increasing trade exchange. ”

He added that China imports most of its oil needs from Iraq, while Iraq imports its needs from China, which starts with cars and does not end with telecommunications and clothing. The United States through high tariffs. ”

"Iraq is a sovereign country and has the right to establish relations with the countries that achieve its interests," he said. In addition to investment in the sectors of agriculture, transport and tourism, which contributes to the growth of the national economy and the creation of new jobs for the unemployed, the Iraqi government will find that it and to serve its people to follow this approach to conform with the national interest.

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Washington imposes sanctions on Chinese companies for their dealings with Iran


by Ali EjamEconomy , Arabs and the World8 Hours ago
 

Washington - Agencies

 

WASHINGTON (Reuters) - The United States on Wednesday imposed sanctions on Chinese companies and their managers for "knowingly transporting oil from Iran" in violation of the US embargo, Secretary of State Mike Pompeo said

 

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U.S. Secretary of State Mike Pompeo at a news conference in Washington on July 8, 2019. REUTERS / Yuri Gripas

In a speech in New York, Pompeo explained that the imposition of sanctions is the beginning of the implementation of the threat of US President Donald Trump, who pledged Tuesday to the United Nations General Assembly to "tighten" sanctions "as long as Iran's threatening behavior continues"

Pompeo told the United for Non-Nuclear Iran that it was time for Iran to accept negotiations over its nuclear program

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Edited by DinarThug
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Sanctions return Tehran to barter and small secret deals

 

- One Hour Has Passed
 

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TEHRAN (Reuters) - Iran's economy has been crippled by Washington's policy of "maximum pressure" through widespread sanctions, coupled with a growing ability to monitor its implementation due to technological development.

Experts are skeptical of Tehran's cynicism and rhetoric about its resilience. They say they have few outlets for barter deals, smuggling and some small secret deals.

Iran's rulers allege they have established a network of merchants, corporations, money exchange bureaus and fund-raisers in other countries to circumvent US banking and financial sanctions.

Reuters quoted a senior official, who asked not to be named, as saying Washington "cannot isolate Iran." If they succeed at the time of our oil sales, we will export textiles, food, petrochemicals, vegetables and everything that comes to mind. ”

"Iran has a lot of experience in living under economic pressure," said Ali Waiz, project manager for Iran at the International Crisis Group. "It has developed trade networks with neighboring countries such as Iraq and Afghanistan. It can also smuggle oil and generate some revenue. ”

The reports confirm that the new sanctions are the most painful in the history of long sanctions against them for decades, especially as they continue to be tightened. The latest was the imposition of sanctions on Iran's central bank last week after the attack on Saudi oil facilities.

According to the International Energy Agency (IEA) and shipping, Tehran is able to export only 200,000 barrels per day (bpd), compared with about 2.3 million before Washington pulled out of the nuclear deal, down 93 percent.

Although food and medicine have been exempted from sanctions, they have been paralyzed by the inability to deal through the global financial system and Tehran's limited financial resources.

Conservative estimates by the International Monetary Fund (IMF) expect Iran's economy to shrink this year by 3.6 percent, as the World Bank sees inflation rising to 31.2 percent this year from around 23.8 percent last year.

But experts say the situation is much worse and that inflation has already exceeded 40 percent, as well as the loss of the toman to about 70 percent of its value since May 2018, which was reflected in a huge rise in the prices of all commodities, including basic food commodities such as bread.

"It is easy for officials to talk about resisting American pressure," Reuters quoted retired teacher Ali Kamali in Tehran as saying. They do not have to worry about rent or rising commodity prices. Prices are rising every day. ”

There is no end in sight to the sanctions, with US President Donald Trump asserting on Tuesday that pressure on Iran would intensify, as speculation rages that Tehran might have to talk to Washington.

Tensions have been heightened by the September 14 attacks on oil sites in Saudi Arabia, which have prompted most of the world, including the European Union, to join Washington and Riyadh in asserting Tehran's responsibility.

"Iran does not have many other sources of income other than oil, so its economy is in a state of imbalance," said Chuck Frayelich, a fellow at the Belfer Center for Science and International Affairs.

Financial sanctions have severely impacted banks, institutions, individuals and front companies in countries such as Turkey and Qatar.

Iran has used the barter system to circumvent these sanctions in the past, but the scope of its use has increased significantly this time, especially with neighboring countries, including Iraq, Pakistan and Afghanistan.

“We are a country with a long border with many countries,” said another senior Iranian official. "If you sell anything below its market price, you can find dozens of buyers ... Liquid cash can be transported by land, sea or even through a third country."

He said he had sold "tons of goods" in recent months and traveled to Dubai three times a month to "get the job done."

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Reuters said that she recently attended a meeting in Istanbul between 3 Iranian and foreign traders traders to discuss deals for the export of non - oil materials, and that it resulted in the conclusion of two deals worth about two billion dollars after hours of talks and several calls with Tehran to get guidance on the price and location of delivery.

"There is no insurance, no banks, only liquid cash," said one Iranian who runs a government-linked import-export company.

Most of Iran's non-oil exports come from the petrochemical industry, whose revenues in the previous Persian year ended in March amounted to more than $ 10 billion.

Iran is still able to export shipments of petrochemicals and liquefied petroleum gas to Asia, including China and Malaysia, but Washington continues to monitor and close those ports.

US Secretary of State Mike Pompeo announced yesterday sanctions against Chinese companies for "breaching the American embargo" and marked the start of Trump's threat to the UN General Assembly to tighten sanctions if Tehran did not change its "threatening behavior."

"We tell China and all countries you should know that we will impose sanctions for any breach of our sanctions," he said, but did not identify the companies or people targeted by the sanctions, which are added to a long list of sanctions against the Iranian economy.

The Arabs

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2019 - 09 - 26

 

Newspaper: Washington threatens to use the scorched earth policy after targeting its embassy in Baghdad

 

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WASHINGTON (Reuters) - 

 

The United States has threatened to use the "scorched earth" policy after trying to target its embassy in Baghdad, a Saudi newspaper said on Thursday, believing that targeting the embassy prompted a re-mix of papers.
 
The newspaper quoted an official source as saying that "US Defense Secretary Mark Esper threatened to use the scorched-earth policy against those behind the targeting of its embassy in Baghdad."
 
"Esber considered that the attack on the embassy prompted the re-mixing of papers and reconsider the way the United States deals with armed groups loyal to Iran," he said.
 
The Green Zone was hit on September 23 by two mortar shells, one of which landed in the vicinity of the area and the other in the Tigris River without any casualties.
 
The International Coalition, in a statement that its forces reserve the right to defend itself.

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Iraqi Private Banks Association concludes the course "Liquidity instruments in Islamic banks in accordance with the standards of IFSB"


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26th September, 2019
 

The Association of Iraqi Private Banks, in cooperation with the Central Bank of Iraq and the Joint Efforts Group, concluded on Thursday, the session «liquidity instruments in Islamic banks in accordance with the standards of IFSB», with the participation of a number of government and private banks.

The director of administration and training in the Association of Iraqi private banks, Ahmed al-Hashemi, at the closing ceremony of the session, attended by "Economy News", "The session targeted employees in the risk management department and treasury department staff and the staff of the accounting management department," noting that the participants were able to see The latest systems and programs used in international banks."

Hashemi added, "There is one working group formed by the Association of Iraqi and private banks and the Central Bank of Iraq to establish development courses for the Iraqi banking sector," adding that the plan developed by the Association of Banks with the Central Bank aimed at the division of training in various stages.

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Parliament sends Abdul Mahdi the name of Msalawiya candidate for the post of Minister of Education

 

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26th September, 2019
 

 

Parliamentary Education Committee announced on Thursday to send the name of a candidate to Prime Minister Adel Abdul Mahdi to fill the post of Minister of Education in the Iraqi government.

Abdul-Mahdi had commissioned the committee in a meeting recently to present a candidate for the post of Ministry of Education.

The committee said in a statement today that after assigning this task, "a sub-committee was formed from the members of the committee representing Mosul in order to nominate a person with the competence and educational experience of the people of Mosul, taking into consideration the conditions that must be met in the candidate requested by the Prime Minister to fill this Position. "

 "After a thorough study, the committee completed the selection of the candidate and sent the CV for the purpose of review and evaluation by the Prime Minister and the possibility of passing the candidate for the purpose of voting in favor of it entered the kiss of Parliament in the event of approval and send the CV to the parliament," the statement said.

The statement did not disclose the name of the candidate who sent her resume to Abdul Mahdi.

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Abdul-Mahdi adviser: meetings with the Chinese ambassador to hold the economic forum in Baghdad

 

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26th September, 2019
 

 

The adviser to Prime Minister Abdul Hussein Al-Hunain, on Thursday, the preparation of arrangements for the holding of the China-Iraq Economic Forum in Baghdad in the coming days, indicating that the announcement of projects and the date of launch and the cost and economic feasibility with China will be within two months.

"The meetings were held with the Chinese ambassador in Baghdad to prepare the arrangements for the Sino-Iraqi forum in Baghdad," Al-Haneen told Al-Maalouma.

He added that "the forum will be held during the next few days in the presence of competent companies from the Chinese and Iraqi sides," pointing out that "will be followed by a wide tour in all regions accompanied by companies to see the reality of cities and projects to be implemented." He explained that "the government will announce within two months the details of the projects to be implemented and their economic feasibility and cost and duration of implementation and companies implemented."

The adviser to Prime Minister Abdul Hussein Al-Hanin announced on Wednesday, the visit of Adel Abdul-Mahdi and his delegation to China to conclude a financial framework agreement with a financial ceiling of 10 billion dollars for projects on roads, sanitation, railways, ports and industrial cities.

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Parliamentary Planning: Port of Faw is of great importance and will link Iraq to Europe

 

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25th September, 2019
 

 

The Committee for Strategic Planning and Follow-up of the Governmental Program, Wednesday, that the port of Faw is of great importance to the Committee, where there is an insistence to complete it as soon as possible, indicating that the completion of the port will link Iraq with the countries of the world, especially Europe.

A member of the Committee MP Mohammed al-Baldawi in a statement to / information /, "The Committee for Strategic Planning and follow-up government program has placed most of its attention on the project of the large port of Faw, and it is hoped that the Iraqi economy will develop significantly in the coming period."

He added that "the project of the FAO port is one of the most important strategic projects, where there is a great determination to complete this project and completed as soon as possible."

He explained that "the completion of the dry canal of the port will give Iraq very excellent revenues to maximize the treasury of the country, and positively affect the transport in the world, because Iraq has a strategic location and will make it a link link with the countries of Europe."

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Washington shows its restoration to build an advanced banking system in Iraq and contribute to the fight against corruption

 

Washington shows its restoration to build an advanced banking system in Iraq and contribute to the fight against corruption 
 
 
2019/26/09 18:34

 

 

Speaker of the House of Representatives Mohammed al-Halbousi received on Thursday US Assistant Treasury Secretary for Terrorist Financing Marshall Billingsley in the presence of US Ambassador to Iraq Matthew Toller.

 

A statement by the Office of the President of the House of Representatives received a copy of the agency (Euphrates News) copy, that Halbousi "discussed during the meeting political, economic and security developments in Iraq, stressing the role of the House of Representatives in the adoption of legislation guaranteeing the development and stability in the country."

The Speaker stressed the need for the United States and the international community to exert more efforts to combat terrorism and dry up its sources and financing, pointing to the need to reduce the escalation in the region and the encirclement of crises and call for dialogue and peace.

Al-Halbousi also called for "encouraging American companies to invest more in Iraq in all industrial and commercial fields." For his part, the US Assistant Secretary of Treasury affirmed his country's keenness on the security and sovereignty of Iraq, and the protection of democracy and the gains achieved after the victory in the war on terrorism, pointing to Washington's readiness to provide assistance.[/size]
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And Now For The Happy Finnish ...

 

:D  :D  :D 

 

 

 

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Named the first Finnish ambassador residing in Iraq after 2003

 

Named the first Finnish ambassador residing in Iraq after 2003
 
 
2019/26/09 18:37

 

 

The deputy head of the European Department, Ali Shamran, met with the Finnish charge d'affaires in Baghdad Tarja Floods.

 

"Associate Shamran welcomed the decision of the Finnish government to name a new ambassador to Baghdad and is the first Finnish ambassador to Iraq after 2003," a Foreign Ministry statement said.

The two sides also discussed "enhancing joint efforts that will contribute to the progress of work at all levels."
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10 minutes ago, DinarThug said:

Ali Shamran, met with the Finnish charge d'affaires in Baghdad  Tarja Floods.

 

And Why Are They Calling Her ‘Floods’ When She’s Obviously Just Not Wearing Socks ? :blink:

 

 

It’s The Iraqi Guy Sitting Next To Her That Looks Like He’s Wearing Floods ...

 

Named the first Finnish ambassador residing in Iraq after 2003

 

:D  :D  :D 

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29 minutes ago, DinarThug said:

Washington shows its restoration to build an advanced banking system in Iraq and contribute to the fight against corruption

 

Washington shows its restoration to build an advanced banking system in Iraq and contribute to the fight against corruption 
 
 
2019/26/09 18:34

 

 

Speaker of the House of Representatives Mohammed al-Halbousi received on Thursday US Assistant Treasury Secretary for Terrorist Financing Marshall Billingsley in the presence of US Ambassador to Iraq Matthew Toller.

 

A statement by the Office of the President of the House of Representatives received a copy of the agency (Euphrates News) copy, that Halbousi "discussed during the meeting political, economic and security developments in Iraq, stressing the role of the House of Representatives in the adoption of legislation guaranteeing the development and stability in the country."

The Speaker stressed the need for the United States and the international community to exert more efforts to combat terrorism and dry up its sources and financing, pointing to the need to reduce the escalation in the region and the encirclement of crises and call for dialogue and peace.

Al-Halbousi also called for "encouraging American companies to invest more in Iraq in all industrial and commercial fields." For his part, the US Assistant Secretary of Treasury affirmed his country's keenness on the security and sovereignty of Iraq, and the protection of democracy and the gains achieved after the victory in the war on terrorism, pointing to Washington's readiness to provide assistance.[/size]

 

Finance Minister and US official discuss the economy of Iraq and its banking sector


Date of edit:: 2019/26 21:46 
 
Finance Minister and US official discuss the economy of Iraq and its banking sector

 

 

(BAGHDAD: Al-Furat News) 

 

Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein in his office in Baghdad, Thursday, Marshall Billingsley, US Assistant Secretary of the Treasury and his party


"During the meeting, which was attended by US Ambassador to Iraq Matthew Toller, they reviewed the economic and financial situation in Iraq in particular and the region in general," a statement from the minister's office said.

The two sides also discussed "the mechanism of reforming the banking sector and ways to improve it, which reflects positively on the advancement of the economic reality in the country."

They also discussed "the Iraqi government's plans to increase electricity production in preparation for next summer season and to cover all the energy needs of the provinces."

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