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The Following Article Pertains To The Next 3 Posts ! ;) 

 

:D  :D  :D 

 

On 1/9/2020 at 1:43 PM, DinarThug said:

Here’s One In Crayons Bro ! :o 

:D  :D  :D 

  The finance comittee reveals the mechanism for paying Iraqi debts .. And the Central reveals its policy to control the exchange rate

 

Baghdad / Obelisk: The Parliamentary Finance Committee announced, Thursday, January 9, 2020, a discussion of the mechanisms that must be followed to preserve Iraqi money, pay debts, and the financial situation in light of the tension in the region, during its hosting of the governor of the Central Bank and the Ministry of Finance and the head of the Financial Supervision Bureau.

A statement to the committee said that it hosted the governor of the Central Bank, the head of the Financial Supervision Bureau, the director general of the budget department in the Ministry of Finance and the assistant director general of the Iraqi Trade Bank, TBI , to “discuss the current events in light of the military escalation taking place in the region and its effects on the financial situation of the country and the monetary policy that must be followed To control the exchange rate of the currency in the Iraqi market. "

The statement added, "The Finance Committee heard the guests' presentation after they provided a detailed explanation of the mechanisms that must be followed to preserve Iraqi money inside and outside Iraq."

He continued, "The Governor of the Central Bank indicated that Iraq’s debts were scheduled and paid at the specified times, stressing at the same time that the political positions of Iraq affect, of course, its financial position, whether negatively or positively, and that follows the type of position and the consequent reaction."

The Finance Committee confirmed at the conclusion of the statement, it "seeks to permanently stave off danger from Iraqi money and correct the course of its monetary policy in light of the tension in the region and spare the country to fall into a deadlock that negatively affects its economy and development."

 
http://almasalah.com/ar/news/1.....الصرف

 

 

 

The finance comittee reveals the mechanism for paying Iraqi debts .. And the Central reveals its policy to control the exchange rate

 

Baghdad / Obelisk: The Parliamentary Finance Committee announced, Thursday, January 9, 2020, a discussion of the mechanisms that must be followed to preserve Iraqi money, pay debts, and the financial situation in light of the tension in the region, during its hosting of the governor of the Central Bank and the Ministry of Finance and the head of the Financial Supervision Bureau.

A statement to the committee said that it hosted the governor of the Central Bank, the head of the Financial Supervision Bureau, the director general of the budget department in the Ministry of Finance and the assistant director general of the Iraqi Trade Bank, TBI , to “discuss the current events in light of the military escalation taking place in the region and its effects on the financial situation of the country and the monetary policy that must be followed To control the exchange rate of the currency in the Iraqi market. "

The statement added, "The Finance Committee heard the guests' presentation after they provided a detailed explanation of the mechanisms that must be followed to preserve Iraqi money inside and outside Iraq."

He continued, "The Governor of the Central Bank indicated that Iraq’s debts were scheduled and paid at the specified times, stressing at the same time that the political positions of Iraq affect, of course, its financial position, whether negatively or positively, and that follows the type of position and the consequent reaction."

The Finance Committee confirmed at the conclusion of the statement, it "seeks to permanently stave off danger from Iraqi money and correct the course of its monetary policy in light of the tension in the region and spare the country to fall into a deadlock that negatively affects its economy and development."

 
http://almasalah.com/ar/news/1.....الصرف

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1-10-2020   Newshound Guru MilitiaMan   Article: 

"The finance comittee reveals the mechanism for paying Iraqi debts ..

And the Central reveals its policy to control the exchange rate"  

The fact that they are now openly talking about the tools (mechanisms) are in place to permanently correct the course of Iraq's monetary policy...

is huge and very welcoming for us all. ...

in respect to the conditions they are now in [militarily], they are still moving forward and head on with the monetary policy to control the exchange rate. 

Once they stop the auctions they will not have any other Multi Currency Practices (MCPs) to deal with.

IMF requirement...

The dinar exchange rate will be devoid of them (mcp) when fully article 8 and out of sanctions and thus,

the world can freely trade internationally in IQD.

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1-10-2020   Newshound Guru MilitiaMan  

We hear from a source...

that citizen in Iraq is hearing directly from a Bank in Baghdad

and at the head of a large department level 

are now making the citizens aware of the banks now having been populated with new small category notes and coins (fils),

and are to be distributed at the citizen level soon. 

This article above in my opinion supports that data, 

as tools or mechanisms if you will,

are in fact in part a median of exchange to facilitate the transition from large to small on the street..

Small notes and coins are tools.. imo

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1-10-2020   Newshound Guru MilitiaMan   

The timing of this is so very clear to be in our faces now that they have to reinstate the IQD internationally.

They have no choice in the matter, now. ... 

small categories notes will be used in place of the trip zero notes with much more value associated with them, as noted by the need for coins.

The small and large notes will co exist with the remaining straggler notes for years to come.  ...

I am smiling large!! You should all be too, 

as in light of the military actions we have witnessed,

they are still moving ahead and finishing the delete the zeros project and apparently it is in full effect now. imo.

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Dinar support for daily transactions is required now

 

Friday 10 January 2020

 

alsabaah-27320.jpg

 

Baghdad / Mustafa al-Hashemi
 
 
Markets recorded in the past few days a relatively high exchange rate of the dollar against the Iraqi dinar, as well as the high price of gold locally, at a time when specialists considered this rise within the normal rates and does not call for fear; because the conditions that Iraq has gone through previously proved that.

On Friday, gold prices recorded 260 thousand dinars, while the exchange rate of the dollar amounted to 122 thousand Iraqi dinars against the hundred dollars, after it reached 124 thousand dinars per hundred dollars last week.

General conditions
The banking advisor, Dr. Issam Al-Mahawili, stated that "the high dollar exchange rate is influenced by circumstances, news and general conditions as (spongy boarding) and temporary and will return to its normal levels, but it will take one or two weeks at the most."
Al-Mahawili added in an interview with Al-Sabah that this fluctuation in the price will continue for a period until the gap between supply and demand returns to its normal size.

Calling for "not to buy dollars and deal." 
It is used in buying and selling and relying in the daily commercial dealings on the dinar, because this will reduce the demand for it, which increases the supply. "
"Consequently, abundance will contribute Greatly reduced its exchange rate, " stressing "the need to support the dinar in this economic phase that Iraq is going through, in order to alleviate those with low incomes and poor segments of society."
 
Productive sectors
The banking advisor stated that "activating the productive sectors would reduce the effects of the low exchange rate of the dinar against the dollar, as in the final outcome it reduces imports of goods that can be produced and manufactured locally and that cost large amounts of money that can be invested and invested in revitalizing those sectors."
He stressed that "the central bank A discreet institution capable of handling such an imbalance is that Iraq is a rich country and his revenues from oil exports did not stop from him despite the fluctuating price of a barrel globally, "stressing that prices will return to their normal rates after a period of time has passed."

Previous experience
In turn, economic researcher Firas Amer said that "such an imbalance in the exchange rate is a result of the conditions the country is going through," adding that "this reality has been experienced by Iraq previously after the stability of the dollar exchange rate during the years 2012 and 2013."
He pointed out that "the high price of gold and the dollar in Iraq has to do with the threats and economic concerns that the country may be exposed to due to regional conditions and fears of the outbreak of conflicts in the region that may have repercussions on the country."
He explained that "Iraq is an oil producing country And that the news I covered various media outlets have created an unwarranted panic among Iraqis. " 
Pointing out that the market is now it is controlled by the central bank, except from some weak souls who take advantage of these conditions to raise prices, as there is a state of general confusion in the gold markets and exchange rates locally.

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Edited by DinarThug
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Legal expert: America will not pursue Iraq’s money abroad after settling debts with it


122842.jpg?width=750&&height=375
 

7th January, 2020   
 


The legal expert, Tariq Harb, confirmed on Tuesday, January 7, 2020, that the United States will not pursue Iraq’s money deposited in the US federal treasury after all its debts have been settled against its companies.

Harb said, in a statement to the obelisk, that "five years ago, Iraq made a settlement with the United States of America by paying more than 500 million dollars on all debts claimed by American companies for Iraq."

Harb added, "The agreement provides for America's commitment, after that, to not institute any lawsuit against Iraq, whether it is administrative, legal, or judicial."

Harb pointed out that "Iraq remains in need of US banking facilities and to cooperate with the US Treasury on what is being reported to Iraq from money laundering operations or financing of terrorism or the inclusion of major financial corruption for some of the personalities."

He continued, "Iraq needs to deal with the US federal treasury, and the important financial decisions it issues for Iraq, as well as it needs to Morgan Bank, which is the main provider of financial services, as he from time to time informs Iraq of the bodies and people who transferred the money abroad to do after that, Iraq will be audited by the competent authorities in this matter."

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3 hours ago, DinarThug said:

Dinar support system" rel="">support for daily transactions is required now

 

Friday 10 January 2020

 

alsabaah-27320.jpg

 

Baghdad / Mustafa al-Hashemi
 
 
Markets recorded in the past few days a relatively high exchange rate of the dollar against the Iraqi dinar, as well as the high price of gold locally, at a time when specialists considered this rise within the normal rates and does not call for fear; because the conditions that Iraq has gone through previously proved that.

On Friday, gold prices recorded 260 thousand dinars, while the exchange rate of the dollar amounted to 122 thousand Iraqi dinars against the hundred dollars, after it reached 124 thousand dinars per hundred dollars last week.

General conditions
The banking advisor, Dr. Issam Al-Mahawili, stated that "the high dollar exchange rate is influenced by circumstances, news and general conditions as (spongy boarding) and temporary and will return to its normal levels, but it will take one or two weeks at the most."
Al-Mahawili added in an interview with Al-Sabah that this fluctuation in the price will continue for a period until the gap between supply and demand returns to its normal size.

Calling for "not to buy dollars and deal." 
It is used in buying and selling and relying in the daily commercial dealings on the dinar, because this will reduce the demand for it, which increases the supply. "
"Consequently, abundance will contribute Greatly reduced its exchange rate, " stressing "the need to support system" rel="">support the dinar in this economic phase that Iraq is going through, in order to alleviate those with low incomes and poor segments of society."
 
Productive sectors
The banking advisor stated that "activating the productive sectors would reduce the effects of the low exchange rate of the dinar against the dollar, as in the final outcome it reduces imports of goods that can be produced and manufactured locally and that cost large amounts of money that can be invested and invested in revitalizing those sectors."
He stressed that "the central bank A discreet institution capable of handling such an imbalance is that Iraq is a rich country and his revenues from oil exports did not stop from him despite the fluctuating price of a barrel globally, "stressing that prices will return to their normal rates after a period of time has passed."

Previous experience
In turn, economic researcher Firas Amer said that "such an imbalance in the exchange rate is a result of the conditions the country is going through," adding that "this reality has been experienced by Iraq previously after the stability of the dollar exchange rate during the years 2012 and 2013."
He pointed out that "the high price of gold and the dollar in Iraq has to do with the threats and economic concerns that the country may be exposed to due to regional conditions and fears of the outbreak of conflicts in the region that may have repercussions on the country."
He explained that "Iraq is an oil producing country And that the news I covered various media outlets have created an unwarranted panic among Iraqis. " 
Pointing out that the market is now it is controlled by the central bank, except from some weak souls who take advantage of these conditions to raise prices, as there is a state of general confusion in the gold markets and exchange rates locally.

LINK

 

DT,  Excellent article & positive for Iraqi's and the RV / RI

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Conscious / Finance Committee hosts the governor of the Central Bank, the Ministry of Finance and the head of the Financial Supervision Bureau

 

 
 
January 10, 2020
 
 
Conscious / Finance Committee hosts the governor of the Central Bank, the Ministry of Finance and the head of the Financial Supervision Bureau

 


Conscious / Baghdad / M.K.

 

 

The Finance Committee, headed by Deputy Dr. Haitham Al-Jubouri, announced on Friday that it hosted the governor of the Central Bank, the head of the Financial Supervision Bureau, the Director General of the Budget Department at the Ministry of Finance and the Assistant Director General of the Iraqi Trade Bank ( TBI) .

A statement mentioned by the committee received by ( Iraqi Media News Agency / INA ) hosted the governor of the Central Bank, the head of the Financial Supervision Bureau, the director general of the budget department in the Ministry of Finance and the assistant general manager of the Iraqi Trade Bank TBI .

He added that the meeting discussed the current events in light of the military escalation taking place in the region and its effects on the financial situation of the country and the monetary policy that must be followed to control the exchange rate of the currency in the Iraqi market.

The financial committee heard the presentation of the guests after they provided a detailed explanation of the mechanisms that must be followedto preserve Iraqi money inside and outside Iraq.

And between the Governor of the Central Bank that Iraq’s debts were scheduled and paid at the specified times, stressing at the same time that the political positions of Iraq affect, of course, its financial position, whether negatively or positively, and that follows the type of position and the consequent reaction.

The Finance Committee stressed that it seeks to permanently stave off danger from Iraqi money and correct its monetary policy path in light of the tension in the region and spare the country to fall into a deadlock that negatively affects its economy and development.

LINK

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Reducing the fiscal deficit in the 2020 budget


Friday 10 January 2020


alsabaah-27365.jpg


Baghdad / Al-Sabah


The Prime Minister's advisor for financial affairs, Mazhar Muhammad Salih, revealed that a committee affiliated with the Ministry of Finance is currently working on reconsidering estimating the expenses and revenues of the draft general budget law for the fiscal year 2020.

Saleh said, in a statement to {conscious »: The“ Reconsideration Committee to estimate expenditures and examine the revenues of the Ministry of Finance, working to reach the lowest financial deficit for the budget of 2020, is close to the data of the Financial Management Law, which requires the availability of a cover that can fulfill the financial reinforcements. ”

added that «it is difficult to come up with an engineering that ends the deficit in rentier public finance, but it is necessary to reach financial estimates that provide sustainability, that is, the ability to face any instances of hardship in exchange caused by sudden requirements during the fiscal year».
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Source: Abdul-Mahdi visits Erbil on Saturday 

 

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Politics 01/20/2020 22:48 1030 Editor: as    
 

Baghdad today - special 

 

A well-informed source revealed, Friday, January 10, 2020, that the resigned Prime Minister Adel Abdul Mahdi will visit Erbil on Saturday morning. 

The source said to (Baghdad today), "Adel Abdul-Mahdi will visit Arbil governorate at eight in the morning on Saturday." 

He added, "Abdul-Mahdi will meet during the visit senior officials in the Kurdistan region."

link

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Dr. Mazhar Muhammad Salih *: the rentier of private banks in Iraq: behavior and performance!


01/09/2020


Dr.-Mudher-new-image-2-1-e1561918112323.

 

One of the most severe risks to the domestic banking system today in Iraq is its dependence on the rentier of the formal economy without taking into account the macroeconomic risks of the same unilateral nature.

The issuance of letters of guarantee on the part of private banks and excessively to customers adhering to government supply or implementation in times of oil financial abundance or even dealing with the dollar window of the central bank as a source of estimated revenue or windfall profits to finance foreign trade for the private sector (with neglecting exchange rate risks) has made Of these two important activities, at least of a truly rentier nature and attached to the oil economic cycle in the national economy, the balance sheets of the aforementioned banks were mostly adhered to by the movements of the country’s general budget and the degree to which the oil revenues contributed to the formation of the output Local gross and the impact of that on the level of macroeconomic activities, including private banking activity.

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Dr. Appearance of Muhammad Salih - the sponsor of private banks in Iraq - behavior and performance!

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Dr. Appearance of Mohamed Saleh *: the rentier of private banks in
Iraq: behavior and performance!

 

One of the most severe risks to the domestic banking system today in Iraq is its recklessness To the rentier economy of the economy without taking into account the macroeconomic risks of the same nature.

The issuance of letters of guarantee on the part of private banks and excessive customers attached to the equipment or government implementation in times of oil financial abundance, or even dealing with the dollar window the central bank has as a source of windfall profits to finance trade external sector of the private sector (while neglecting exchange rate risk) has made these two activities at least the important ones are of a genuinely rentier nature and attached to the oil economic cycle of the national economy.

The balance sheets of the mentioned banks were mostly attached the movements of the country's general budget and the degree to which oil revenues contribute to the formation of the local product total and its impact on the level of macroeconomic activities, including activity National Banking.

Most of the sources of profit came in the period of the bank revenue boom in the previous years banking operations outside of their balance sheets especially the issuance of letters of guarantee to suppliers and contractors on a large scale, sometimes without an account of legal risks to implement guarantor interests with the state or the public sector.

At a time it has remained private banks demand a share of documentary credits to implement government trade financing in search of rentier income and in isolation from the market! , as well as collecting emergency revenue that they are called windfall profits that arise from the price differences in abuse banks with operations related to the Central Bank window of the foreign currency, without being calculated for exchange rate fluctuation risks, my instrument displays letters of guarantee and foreign currency severe setbacks during the past 24 months, banks have been overburdened included in the form of additional costs that are payable to shops.

Accompanying the loss of sources income rent income is as important as the profit opportunities arising from the exchange rate differentials.

It is not clear that the failure of banking operations from within the balance sheets on the balance sheet operations, too, has become an important party in the growing costs and low revenues and erosion of the income account of a single bank and its effect on the net worth of wealth.

The high rate of default in collecting debts resulting from poor recovery high risk credit (credit risk) for insufficient or poorly earned collateral or even the weak monetization of the guarantees themselves, when received, has also played a role on balance sheet operations to show problems approaching financial insolvency and counting those credits is a bad asset lead to bank insolvency and low capital value, which required, over time, an increase hedge in the provision for capital itself.

The increased risk for the three off-balance sheet operations (legal and price risks) has been reflected exchange and credit risk (all in low profit and exacerbate loss, and then give a signal negative to the stock market about the state of banks and their financial positions, or a low net position the wealth in it, which made the difference between the credit and debit interest at high levels no less about 8% as the difference between the two interest rates) which is called interest rate risk for operations within balance (there is a high degree of elasticity between calculating a value profits and losses on the bank books on the one hand and the market value of the shares of the banks themselves on the other hand .

With the exception of a few banks whose shares are listed on the Iraq Stock Exchange) and not exceeded three), the rest of the banks listed in the market are still less than the market value of their shares the nominal value is largely, and (with a value gap) very worrying, at a time when banking stocks remained Al-Ahlia dominates more than 48% of the value of the shares listed in the Iraqi market securities.

The installation of the Iraqi financial market in its current, low-value and representative form the weight of the private banking sector’s contribution to its capital components, inevitably indicates a role banks exacerbate the total economic recession and decrease their importance in the growth of GDP total .

In conclusion, it can be concluded that there is a mutual effect between private banking activity on the one hand and between the rentier macroeconomic role, on the other hand, means that in all cases there is a cause mutual impact causality, in which the results are the causes and the causes they become the results in terms of cause and effect.

(*) Researcher, academic economist and former deputy governor of the Central Bank
Copyright reserved for the Iraqi Economist Network. Republishing is permitted provided that reference is made to
Source. January 9, 2020
http://iraqieconomists.net/

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Deputy: The Constitutional Amendment Committee continues to work and major changes may occur

 

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09:10 - 11/01/2020
 
 

On Saturday, the deputy of the Alliance of Badr Al-Ziyadi confirmed the continuation of the work of the special committee to amend the constitution, indicating that the committee will propose amending the articles related to the system of government and reducing the number of members of the House of Representatives.

Al-Ziyadi said in a statement to "Information" that "the special committee to amend the constitution will hold intensive meetings during the next few days to present the latest findings."

He added that "the committee will discuss during its meeting the mechanisms for amending the constitution, including discussing the system of government, as well as reducing the number of members of the House of Representatives and distributing natural resources."

Al-Ziyadi said, “Amending Article 140 and placing some points on angry details of the constitution is necessary in the next stage to evaluate political action.”

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Parliamentary Economy: The Iraq Agreement with China is a giant unparalleled

 

image.jpeg.8d0983c61dd3f937c4ec3a6353859b05.jpeg

 

11th January, 2020


Chairman of the Parliamentary Economy and Investment Committee, Ahmed Salim Al-Kinani, confirmed on Saturday that the agreement signed by Iraq in China last September will enter into force, describing the agreement as "giant, giant and unparalleled."

Kanani said in a statement received / Mawazine News /, a copy of it, that "the Iraq agreement with China entered into implementation, which is a tremendous agreement unparalleled over time in the economic and political history of Iraq that did not get such an agreement (oil for construction), Everyone knows the role of China in the global economy and it has the largest presence in all economic sectors, and it is considered the second largest global economy with an estimated total output of 8.8 trillion dollars according to the purchasing power scale and is the fastest growing large economy in 30 years ago.

He added, "This agreement included many provisions in addressing all sectors, especially infrastructure and service in projects of large water drainage networks, roads and bridges, as well as in the field of health in the establishment of large and modern hospitals and educational hospitals and in the field of education by establishing schools, universities and educational institutes in the field of communications and technology for the judiciary On corruption and bureaucracy, and in the field of developing agriculture and activating the industrial sector, this giant agreement included all strategic projects, including the implementation of the Grand Faw port and other projects presented by the Government of Iraq as part of a feasibility study that serves Public good."

He explained that "within this agreement, Iraq opens a joint account between Iraq and China in a Chinese bank, and Iraq begins exporting and selling oil to Chinese companies with a quantity of 100,000 barrels per day deposited in this joint account, in addition to calculating profitable interest on these funds within the banking context Known globally, and the China Export Corporation supports the agreed projects within a credit framework and not a loan, which serves Iraq to implement these projects." 


###########

Al-Kinani "Iraq Agreement With China Entered Into Force" 

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Conscious / Al-Tamimi: This is what the Finance Committee discussed with the Central Bank and Financial Supervision

 
 
 
January 11, 2020
 
 
Conscious / Al-Tamimi: This is what the Finance Committee discussed with the Central Bank and Financial Supervision

 

 Conscious / Baghdad / g

 


Member of the Finance Committee Magda Al-Tamimi revealed, on Saturday, what happened in the meeting of the Finance Committee, which was attended by both the Governor of the Central Bank and the President of the Financial Supervision Bureau and the Deputy Minister of Finance, as well as the Deputy Director General of the Iraqi Trade Bank ( TBi ).
A statement of Al-Tamimi received by ( Iraqi Media News Agency / INA ) stated that the attendees made a presentation on the government side and the potential risks in the event of sanctions being imposed on Iraq by the United States of America, including:

1_ The possibility of stopping the supply of Iraq with the dollar in cash, which is an easy measure to take by the United States, as the countries have full sovereignty over their currency, and this would negatively affect the rise in the price of the dollar against the dinar, and here Iraq has no choice but to go to deal in other currencies, which will need a period Not short, for example, the shift to dealing in the euro currency, which means entering into negotiations that are not easy with European banks such as France, Germany ... etc., since most international banks have difficult conditions and restrictions for dealing with Iraq as an unstable country and have many problems and will be dealt with With great caution, in addition to converting to other currencies requires changing the commercial behavior of the country.

The question that arises is whether the country concerned has the ability to provide Iraq with the amount of currency it will need in cash, as these countries may not have this ability to pump large amounts of cash.

2_ The United States of America may go to deny certain parties in Iraq from carrying out their activities or may issue a ban to deal with them by most international companies because of their impact on these companies (directly or indirectly) governed by the interests of those companies, for example, a ban on dealing with Certain companies specialized in the marketing of Iraqi oil.

3_ Another danger is the inclusion of certain entities in the ban, these entities may be (people, companies or banks), as the American Treasury provides a list of specific names to prohibit dealing with them in dollars, or it may freeze their assets.

Here we refer to the committee formed in the General Secretariat of the Council of Ministers, including the Deputy Governor of the Central Bank, the ban books are sent to them, and then measures must be taken against them and the circulation of their names and in the event that these measures are not taken, it will negatively affect the level of the international classification for Iraq by the International Financial Action Group Financial Action Task Force (FATF ), as this organization is concerned with checking country-specific classifications at periodic intervals.

 4_ The other possibility is to submit requests by the creditor parties to press for an immediate payment of their debts (countries or individuals) and immediately and here we point out that Iraq owes (28) billion dollars in foreign debt other than the odious debts (the debts of the Gulf states) amounting to (41) billion Dollars under the United Nations Convention on State Immunities and Property from Jurisdiction in 2004

Article 21, paragraph C of which has been achieved immunity from the reserves of the Central Bank (currency cover).

The following is the text of Article 21 and paragraph C thereof:

The property of the central bank or other monetary authorities in the country.

Specific property classes

1. The following categories, in particular, of a State's property are not considered to be property used or intended to be used specifically by the State for purposes other than government non-commercial purposes under subparagraph (c) of Article 19.

Article 21 c of the property of the central bank or other monetary authorities of the state.

If the risk lies in government reserves and other Iraqi deposits, they are subject to seizure under Article 19, paragraph c

Article 19 and Paragraph C of it: “State immunity from the following compulsory measures for sentencing

Compulsory measures may not be taken following the issuance of the ruling, such as seizure, provisional attachment, and executive attachment, against the property of a state in connection with a lawsuit before another country's court except in the following cases and within its scope:

(C) Or if it is established that the State uses or intends to use this property specifically for purposes other than governmental non-commercial purposes, and that it is present in the territory of the State of the Court, provided that the compulsory measures subsequent to the issuance of the judgment are limited to the property related to the entity against which the case is directed.

  It is possible to estimate the size of the potential commercial creditors' claims on Iraqi money as a maximum between (2_3) billion dollars and in the event of its payment, it will be subject to the terms of the Paris Club.

If the government’s decision to withdraw the Iraqi money from the United States of America and deposit it in the banks of other countries will be of the same degree of danger, as international banks implement the decisions of the United States of America because of the direct and indirect effects on them, in addition to that most of the international banks are not ready to deal with Iraq because of the high The degree of risk in it and it must be noted that all of Iraq’s payments are in the dollar, it will lose the status of the transfer to other currencies (losses of the transfer difference).

It is worth noting that the budget for the year 2020 in which current expenditures increased significantly, in addition to increasing the burdens that the budget will bear, especially in the salaries clause, as the employee compensation paragraph jumped from (43) trillion in the 2019 budget to (53) trillion dinars in the 2020 budget

Here, we note that the economic embargo imposed on Iraq in the 1990s and how to manage it and manage the funds needed to pay the obligations cannot be compared with the current situation in Iraq, which cannot bear such shocks, as there is a big difference in the numbers of employees and then salaries, as well as the presence of industrial companies Rabhah then used her profits to cover the salaries.

Taking into consideration the amount of documentary credits, which are expressed in dollars,and the presence of (14) billion dollars in sums reserved for the purpose of covering government sector imports and the guarantees of the Ministry of Finance.

Accordingly, the situation and the potential dangers to Iraq must be studied extensively in preparation for making sound decisions and putting alternatives based on achieving the interests of Iraq first and foremost. This is what the rational reference indicated in its sermon on Friday, 10/1/2020 when it confirmed that Iraq is the master of itself and the necessity of providing a happy life. And for the Iraqi to live in dignity and safety and enough of the wars and adversities he suffered at various levels during decades of time, the parties concerned will meet the national responsibility and look at a comprehensive vision for the future of the people and solve the current crisis by responding to the requirements of the reform map in order to avoid the country’s dangers. Scenarios that may not be ominous. "

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Agendas promote Erbil as an alternative diplomatic venue for the federal capital

 
Policy  ,   01/21/2020 19:33  

 

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Baghdad-Iraq Today:

 

Various agendas promote anti-Baghdad rumors, emphasizing that they are no longer a preferred place for diplomatic and political work, while shopping for Erbil (the capital of Kurdistan), as an alternative to the federal capital.

And those agendas incite the necessity, that Baghdad pay the price dearly - politically, diplomatically and even financially - by promoting the resolve of a number of international organizations, to leave Baghdad, and head to the cities of the region, after the events of the American embassy in Baghdad.

After the demonstrators' attempts to storm the American embassy in Baghdad, the United States is accelerating by building a consulate that is considered the largest in the world in Erbil Governorate after coordination with the Kurdistan Regional Government.

And media sources said, "The United States of America, in coordination with the Kurdistan Regional Government, continues to complete construction work for a new consulate in the city of Erbil, instead of the current location located in the commercial and crowded area of Ainkawa."

Observers believe that Washington will continue to focus its diplomatic and political representation in Erbil, due to the fear of security conditions in the federal capital, Baghdad, as well as that there is a desire to downplay Baghdad, in retaliation for the events of the demonstrations and attempts to storm the US embassy there, and to suggest that Erbil is Always a suitable and accommodating alternative to American diplomatic and security presence.

 And within the plan of the conspiracy against the capital, Baghdad, a number of American international organizations announced that they would transfer their activities to the cities of the region, after the recent events in Baghdad, while hotels and safer places are chosen for their place of residence.

And the US State Department issued an alert to its citizens wishing to travel to Iraq, saying: If you decide to travel, "write a will."

The statement stated that "we warn American citizens about the danger of traveling to Iraq at the present time, because the security situation carries great risks."

He added: "If you decide to travel to Iraq, write a will and specify the people who will benefit from insurance or / and power of attorney."

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Trump threatens to seize 35 billion dollars in Iraqi money if his forces leave 

 

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09:51 - 11/01/2020

 

 

Threatened US President Donald Trump on Saturday, seizing $ 35 billion of Iraqi funds in the event came out of US troops from Iraq.

"This is what the Iraqis say publicly, "Trump said in an interview with "Fox News", in response to recent calls from Iraqi officials to start planning to withdraw US forces from Iraq. But they do not say that in private sessions.”

He added, “We established in Iraq one of the most expensive airport facilities in the world. If we leave, they (the Iraqis) will have to pay money for that. ”He pointed out that countries like Saudi Arabia and South Korea pay millions of dollars for the deployment of American soldiers there.

He explained that he told the kingdom that they had to pay money to deploy more soldiers, and they had already put a billion dollars in a bank account.

On the way in which money can be raised from the Iraqis, Trump said: “We have a lot of their money. There is $35 billion in an account, ”without revealing the nature of that money. 

 

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In case of withdrawal, Trump sets a way for the Iraqis to pay for the most expensive airport facilities established in Iraq   
   LINK

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Laura Ingraham's exclusive interview with President Trump 

 

Part One - VIDEO LINK

Part Two - VIDEO LINK

Part Three - VIDEO LINK

Part Four - VIDEO LINK

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1-11-2020   Intel Guru  Delta   ...

there is something I'd like to clear up here. 

It's not the one or two days that they [ the CBI] is out of compliance [With the IMF 2% rule] that's a big deal and they have to start from scratch.  

They [the IMF] go by monthly average. 

So the monthly average has to be no more than 1213 [Market rate]. 
That's about the 2% compliance with 1190 [Official Rate]...

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