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Deputy: The vote on amending the Financial Management Law will address the problem of budget approval delays

 

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11th January, 2020


MP Muhammad al-Baldawi confirmed on Saturday that a vote to amend the Financial Management Law would address the problem of the delay in approving the budget for next year.

Al-Baldawi said in a television interview followed by Mawazine News that "the amendment came based on the delay in approving the budget due to the failure to form a new government and the inability of the Ministry of Finance to disburse the amounts to the governorates and ministries, so the vote will address the problem of the delay in approving the budget for the next year and opening the doors of exchange."

He added, "According to the law, ongoing projects will continue to be funded and contractors due to be paid according to the doors of the 2019 budget and the circulation of funds between ministries and governorates to complete the completion of some projects." He pointed out, "Some governorates did not spend 25% of their allocations, and therefore it was necessary to vote on amending the Financial Management Law." 
 

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Parliamentary Finance: The 2020 budget includes the payment of the last payment of Kuwait's debts

 

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12th January, 2020


Revealed a member of the Parliamentary Finance Committee Hanin Qaddu, today, Sunday, that this year's budget will include the payment of the last payment of debts owed by the Iraqi government to Kuwait, amounting to $ 2 billion.

Qaddo said in a radio statement that was followed by / Mawazine News, that "the total amounts of the Iraqi budget for the year 2020 amount to fifty trillion Iraqi dinars, which are distributed between the salaries of the ruling expenditures such as the ration card and the wages of other cases."

He explained, "The total debt owed by Iraq amounts to $ 28 billion, indicating that Iraq seeks to delay the payment of its debts to the Gulf countries or go to the Paris Club to reduce them to 40%." 

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Banking commitment and the political position .. Ahmed Al-Hajj


2020-01-10
 
 
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Ahmad Al-Hajj wrote:

 

The political position differs from the obligatory position of the international banking system, where our political stances may be different with a country, but it is impossible for us not to adhere to the global banking system, which is managed by either the World Bank, the International Monetary Fund, or the World Trade Organization, which is run directly by America.

 

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احمد الحاج Ahmed AL haj@AhmadHajiRashid
 
 

الموقف السياسي يختلف عن الموقف الالزامي لنظام المصارف الدولية حيث يمكن ان تكون مواقفنا السياسية تختلف مع دولة ما لكن من المستحيل ان لانلتزم بالنظام المصرفي العالمي والتي يدار من قبل اما البنك الدولي او صندوق النقد الدولي او منظمة التجارة العالمية واللائي يدرن من قبل امريكا مباشر

Ahmed Al haj Ahmed AL haj @ AhmadHajiRashid The political position differs from the obligatory stance of the international banking system, where our political stances may be different with a country, but it is impossible for us not to adhere to the global banking system which is managed by either the World Bank, the International Monetary Fund or the World Trade Organization They direct from America

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Representatives: The Prime Minister is negotiating with the files of the armed factions and the American forces to reassign him

 

01/21/2020 10:18:53 PM


Baghdad / extent

 

It may cover the money of Iraqis abroad - US President Donald Trump intends to put his hand on it if Baghdad decides to expel its forces from Iraq - a quarter of what Washington spent on the military system in the region.

Trump, in his last meeting with an American station, threatened to take Iraq money into the United States if Baghdad refused to pay the costs of building the military base in Iraq, in reference to "Al-Asad" west of Anbar.

In his last meeting, Trump said that Iraq has "35 billion dollars" in the United States, which he will use if he forces his country to withdraw the troops without paying for them.
But Iraqi money in Washington may be larger than the amount Trump mentioned. According to leaks that reached (the extent), "the money of politicians abroad amounts to more than 500 billion dollars."

Trump said in a tweet on "tension" a few days ago, that his country had spent "2 trillion dollars on military equipment ... We are the largest army," while responding to Tehran in an attempt to carry out attacks on American interests.

The former deputy, example of Al-Alusi, said earlier to Al-Mada that there is a list that includes about 100 Iraqi personalities, including former prime ministers and ministers and sons of officials accused of wasting billions of dollars in Iraqi funds.

Al-Alusi said that Washington would "hunt down those personalities, take back that money and put it at the expense of Iraq."

To that, the outgoing Prime Minister, Adel Abdul-Mahdi, requested that the American forces leave the country again, calling this time, US Secretary of State Mike Pompeo, to send delegates to implement the House’s decision and put "safe" withdrawal mechanisms for American forces from Iraq.

Abdul-Mahdi’s office revealed, in a statement on Friday, that the latter received a phone call from US Secretary of State Mike Pompeo yesterday, Thursday, that dealt with recent developments and the desire of various parties to prevent escalation and go to open war.

The statement quoted Abdul-Mahdi as saying that "Iraq refused and rejects all operations that violate its sovereignty, including the recent operation that targeted Ein al-Assad and Erbil," referring to the Iranian missile attack on Iraq, last Wednesday, indicating that "Iraq is making unremitting efforts and communicating On all sides to prevent it from becoming a battlefield. "

The statement stressed that Abdul-Mahdi asked the US Secretary of State "to send delegates to Iraq to put in place mechanisms to implement the House of Representatives decision to withdraw forces safely from Iraq," stressing that "Iraq is keen to keep the best relations with its neighbors and friends in the international community and to protect foreign representatives and interests and all those present." On Iraqi soil. "

Abdel-Mahdi also informed, according to the statement, the US Secretary of State that there are "American forces entering Iraq and American marches flying in his sky without permission from the Iraqi government, and that this is in violation of the agreements in force."

For his part, according to the statement, the American minister promised to follow up on the matter, stressing his country's respect for the sovereignty of Iraq.

The date for the departure of the American forces

In turn, a deputy in Parliament considered, in a statement to (Al-Mada) yesterday, that Abdul-Mahdi does not want at the moment to remove the American forces.

The deputy, who asked not to be named, said the resigned prime minister: "He may seriously consider this file after a new government is formed, and he may be its president again."

The representative suggested that Abdul-Mahdi use the file of removing the American forces and seizing "armed factions" as a negotiating card internally and externally in an attempt to return to the prime minister.

On the other hand, Trump, in his recent interview with Fox News, answered the calls of Iraqi officials to start planning to withdraw the American forces from Iraq, saying, "This is what the Iraqis say publicly. But they do not say that in private sessions."

He added: "We created in Iraq one of the most expensive airport facilities in the world. If we leave, they (the Iraqis) should pay money for that." He pointed out that countries like Saudi Arabia and South Korea pay millions of dollars in exchange for the deployment of American soldiers there.

President Trump considered that the conditions in the Middle East under his administration became "more tame", as ISIS was eliminated and tens of thousands of its fighters were imprisoned.

Last week, the House of Representatives decided to compel the government to end the foreign presence in Iraq, and to end the assistance of the international coalition in combating ISIS and confining arms to the state.

But Salim Hamza, a member of the legal committee in parliament, assured (Al-Mada) yesterday that the parliament "is unable to force Abdul-Mahdi" to implement the decision to withdraw the forces.

“The parliament’s decision to withdraw foreign forces is not an integrated project and is not binding on the government,” Hamzah said, adding that “the parliament’s decisions to the government are not forced.”

The deputy believes that it is better to "not rush" in getting foreign forces out because of the security and political problems they face, and to avoid imposing "sanctions on Iraq."

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Parallel market noise

 

Sunday January 12, 2020

 

Mohammed Sharif Abu Maysam
 
 

We used to exploit speculators in the parallel market for the crises in the country, and they were able to reap significant profits in the market of buying and selling the US dollar during the crisis, which still casts its repercussions on the overall scene in the country, taking advantage of international rumors and hints from one side or the other regarding the occurrence of war in the region Or the threat of the blockade, which led to more demand for the dollar as a safe haven for hoarding the monetary value of the local currency, which led to unprecedented rises in the exchange rate, since the price of the dinar against the US dollar witnessed monetary stability in June 2018 Successful friendly followed by the central bank's proactive manner sales in the financing of foreign trade and domestic demand.

Perhaps the decrease in political and security tension in the region may be a reason for the easing of the noise made by speculators, but the central bank continued to hold auction sessions selling the dollar at the official price, and its official affirmation of its ability to cover domestic demand for many years due to its possession of large foreign currency reserves, shares Mainly to build public confidence in the movement of the market and the inability of speculators to make more price bubbles. 
This matter did not come from a vacuum, but rather from a policy that adopted disclosure and transparency for years in announcing the activities of monetary policy and foreign exchange reserves continuously, the most recent of which was the announcement of a rise in foreign currency reserves to about 87 billion dollars last September, which makes the ability of the central to achieve Monetary stability at its highest level, and therefore this policy has had a major role in reducing the levels of noise created by speculators, and the lack of continued unjustified demand, and restoring confidence in the local currency.

It is now useful to review the role of all rings related to the domestic demand for the US dollar, to devote the features of success in this policy, and to develop new mechanisms that support the banking sector, brokerage and financial transfer companies and banking offices, which had a positive role in maintaining the policy of monetary stability during the crisis, and identifying Weaknesses in these formations that have benefited from the crisis at the expense of the public interest towards addressing them, with the aim of reaching the level of confidence in the national currency and creating a stable monetary environment that contributes to achieving development and attracting foreign investment.

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An economist warns of the dangers of lifting protection from Iraqi money abroad


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09:15 - 12/01/2020

 

Economic expert Qusay Safwan warned, on Sunday, of the dangers of lifting protection for Iraqi funds abroad, pointing out that Iraq should diversify into foreign currencies and keep its money and bonds away from the risks of economic war.

Safwan said in a statement to the "information", that "facing the American treasury and its penalties in the event of lifting the protection system on Iraqi funds will expose the country to the threats of creditors, especially that Iraq has 32 billion dollars in treasury shares in America, and once the protection is lifted it will be threatened."

He added that "Iraqi funds outside of America can be frozen and creditors demand their dues, and therefore the Finance Ministry is supposed to try to reduce the risks of imposing these sanctions by converting them into assets and bringing them into the local environment in order to avoid the risks of the American embargo."

He pointed out that "Iraq is supposed to avoid sanctions by diversifying foreign currencies and not neglecting the financial protection system in Washington," pointing out that "Iraqi monetary fiscal policy is free in the process of withdrawing funds in Washington, but in practice, Iraq is betting on the strength of the dollar and the stability of American bond prices and the process Transferring the cash reserve to another environment may indicate that the monetary fiscal policy has begun to withdraw from the dollar economic environment and this will expose Iraq to economic risks.

He stressed that "the Iraqi economy is dollar, and therefore it is assumed that there will be a reduction in the severity of tensions, as it is possible to take advantage of the gold reserves to reduce the risks of threatening the Iraqi economy, through trading in this mineral." 

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The shareholders of private banks ... Sabra - Zaid Al-Hilli


January 11, 2020
 
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Mouth open .. closed mouth
The shareholders of private banks ...
Sabra - Zaid Al-Hilli

 

We acknowledge that the press fails to address the suffering of millions of citizens from the shareholders of private banks, but this failure, God willing, will be compensated later, as media outlets in newspapers, TV and radio agreed to open this closed file years ago, so it is not human logic to find many families Fadela, she is currently suffering from a passion for living, while she put money in officially approved banks, hoping for suitable profits that would make her wanty, so she reaped dust (shares of some banks are now at one or less safe price)! ..

And personally, I recently saw the details of the financial statements Quarterly for private banks for the third quarter of 2019? 

I was horrified by the allegations of losing a large number of those banks ... including (Al-Muttahid, Al-Aqdal, Tigris and Euphrates, Al-Qabad, Investment, Islamic South, Middle East, Zain Iraq, Islamic International, Gulf, Credit, Jihan, Islamic Giving, North, Kurdistan) even though the supposed reality says, it has made profitable profits from the window of buying and selling foreign currency, although the CBI is obligated Thank you, all bank auditors to the need to audit those profits, from the principle of transparency, so that shareholders are aware of the movement of the profits of the banks in which they deposited their shares,but in reality, we find that many banks announce an unjustified loss, without the presence of a deterrent body achieved, In claiming a loss, it is legitimate and trustworthy The humanitarian need to detect this case, loss-making banks accounting ..

It is known that the central bank provides the private banks with the US dollar at a price of 1190 dinars, a contribution from it, to curb its rise in local markets, and as a matter of stability of the dinar, and private banks sell it for no more than 1200 dinars per dollar, if the rate of purchase of a private bank Whose data showed its deficit and loss, it is up to five million dollars per day (and the number is much higher, but I fixed it below the minimum), which is about 1,200 million dollars annually, and assuming that this bank (the loss) sold the dollar received from the bank window, at a reduced rate which is 1195? That is, for a profit of five dinars to the dollar, its annual profit will be in the range of 6 billion dinars, so where do these profits go? 

Of course, these numbers are less than a few, and I mentioned them for comparison, so how does this private bank or that one declare that it is "a loss", without accountability from anyone, and the victim is the poor shareholder ?? 

However, there is no needy person anymore, because the citizen has become a trust in the conscience of the media. 

I am completely convinced that the administration of the Central Bank of Iraq, with its seriousness in protecting the money of Iraq, has succeeded in these difficult circumstances that the country has gone through, and it has won the merit of the exam, but the eyes of the families of the shareholders of private banks are looking forward to it now, all of them please, By taking firm action, and issuing a statement of the profits that the private banks achieved by names, from the foreign currency window, and revealed that, until small shareholders know these facts, I do not think that a living conscience is satisfied with the existence of a tragic situation represented by the corridors of some of the private banks.

One of the citizens that he bought 3 million shares of shares A bank with a value of 9 million dinars, the value of the stock was three dinars .. And for its own circumstance, last week, those shares were offered for sale, and it was found that they were worth only 180,000 dinars. 

As long as talking about private banks, hundreds of depositors, and owners of bank shares, have had a resonance tone (Al-Warka, Basra International, Tigris and Euphrates) and others, about the fate of their money .. the door is still closed, in front of knowing that despite the passage of many years of Their suffering. 

As long as the talk about private banks is referred to, a (funny, crying) statement issued by the Middle East Bank, last week, in which it is announced that the General Assembly will hold a meeting in Erbil on Saturday 25 of this month, to discuss the accumulated deficit in 2017 and 2018.

God, are all the bank’s shareholders from Erbil? Was it not logical to hold it in Baghdad, where the bank’s center is, in order for the largest number of shareholders to participate in it, and it is not limited to the elite and those who hold the matter ..

The shareholders are the true owners of the bank, regardless of their small contributions, and they as a whole have the only right to set its general policies, and to obtain periodic financial and non-financial information in a transparent and transparent manner.

Therefore, it is necessary for the general assembly meetings to be held in an accessible place, and it does not constitute a financial burden in terms of travel. Residence, etc., and the question grows: Who is responsible for the deficit in this bank? 

What is the fault of the contributor in its occurrence ... It is from the initial readings that this bank (which was once a big one) claimed that it had suffered a loss in the past nine months amounting to one billion and 718 million !!

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An economist answers .. What is the money of Iraq to the US Federal Reserve and can Trump take it?

 

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Politics 01/20 2020 14:00 946 Editor: gf  
 

 Baghdad today - Baghdad 

 

The economic expert, Abdul Rahman Al-Mashhadani, revealed on Sunday (12 January 2020) what he described as a "fatal strategic mistake", committed by the Iraqi Central Bank, which will lead to the seizure of half of the bank's reserves if the United States of America decides to impose sanctions on the country.

Al-Mashhadani said in an interview with (Baghdad today), that "the United States, if it blocks the access of Iraq to the money of the central bank, which is kept in the Federal Reserve Bank in New York, it is an illegal decision, because the central banks are supposed to be their money protected according to treaties and agreements International, and the Federal Reserve had already made compliance with the treaties granted to independent banks. " 

He explained, "There are two types of banks' associations, banks that follow governments and work with the government plan, and this was what the central bank adopted before 2003 as the central bank was affiliated to the Office of the Presidency of the Republic or the Ministry of Finance, and after 2003 a decision was issued in Decree 56 of 2004 granting full independence to the bank Central, "indicating:" It is assumed that the funds of the Central Bank are treated separately from the government. " 

Concerning US President Donald Trump, about his ability to withhold and seize the funds of the Federal Reserve Bank, he saw that "the United States of America does not abide by the laws, and occupied Iraq without an international mandate and an individual decision, and hit more than one site with an individual decision, and it can also take this decision." 

He pointed out the ease of possibility "to challenge the United States with the independence of the central bank, especially since the bank lent to the government in 2015, 21 trillion dinars, and is still asking the government about 17 trillion dollars." 

He explained, "The big mistake is not from the Americans, but we put our money in the Federal Reserve when our relationship was good with America, and it was supposed to be distributed to more than one party and more than one bank in Britain, France, and China," stressing that "the strategic error that occurred With the central bank is investing half of its reserves in US treasury bonds at a simple interest rate, which is half of 1%, and we are talking about 37 billion dollars, half of the reserve. "

He continued, "The sanctions are supposed to be gradual, as they were imposed on Iran," noting that "the mere announcement of the imposition of sanctions will lead to a state of panic among investors and capital, and this is what happened in the first days when the exchange rate rose to 125 thousand to 100 dollars."

He explained, "This panic caused the central bank to increase its sales from the dollar from 275 to 365, and now the central bank sells almost 300 million, which means the bank's sales are more than revenues."

He continued: "If the central bank's sales remain like this, we will sell six and a half billion, while our oil revenues are seven billion, and the central bank will then be forced to use its reserves to maintain the exchange rate." 

Al-Mashhadani added, “In the event that sanctions are imposed on oil, we will only have the ability to withstand 6 months, because our economy does not allow that.”

And he added, "Iraq differs from Iran, which has adapted to the sanctions since 1997 and relied on itself in the industrial and agricultural sector, while Iraq relies on import. If we cut oil exports, we do not have money. We import the needs of the local market and this matter is more severe than the siege of the 1990s because the previous blockade It had government support and an industrial sector, and that does not exist now. "

US President Donald Trump commented, on Friday, January 10, 2020, on the request of the Iraqi parliament to withdraw his country's forces, saying: "We created in Iraq one of the most expensive airport installations in the world. If we leave, they (the Iraqis) must pay money for that." Countries like Saudi Arabia and South Korea pay millions of dollars for the deployment of American soldiers there. " 

And on the way in which the money can be raised from the Iraqis, Trump said in an interview with the American "Fox News" station: "We have a lot of their money. There is 35 billion dollars in an account with the United States." 

On Sunday (January 05, 2020), the Iraqi Council of Representatives voted on the exit of all foreign and American forces from Iraq, the cancellation of the role of the international coalition, in addition to canceling the security agreement with America by the Iraqi government.

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17 hours ago, ChuckFinley said:

Davis, you are the man.  lol.

 

and that goes for you to SONIA1.


Wtf Chuck - Do U Need A Biology Refresher ? :blink:

 

 

Sonia’s The Ma’am ! :o 

 

 

But Good Luck Trying Not To Get It All Confused Whenever Weegie Brings ‘Bruce’ In Here ...

 

:D  :D  :D 

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The Central Bank of Iraq considered, on Sunday, that it is "a mistake" to bet on the high exchange rate of the dollar, noting that exaggeration in the potential effects of the sanctions does not exist.


Doc-P-331372-637144244175320659.jpg

Posted 4 hours ago


"It is a mistake to bet on the rise of the dollar because it will end with an increase in supply and the coming days will witness that with the positive reaction of the bank to cover all requests," Mahmoud Mahmoud Dagher, Director General of the Financial Operations and Debt Management Department of the bank, said in an interview with Alsumaria News.

Dagher pointed out that “the bank also sold additional amounts of dollars to the dollar, expanded the outlets and took exceptional measures as part of monetary policy in such events.”

He added, "The process of exaggerating the potential effects or exaggerating something called sanctions does not exist at all in the bank's dealing model", stressing that "the bank will continue sales through the banking system, banking companies and government banks in the sale of additional sums whenever possible and we will follow the market movement."

It is noteworthy that the local market witnessed during the past week a slight rise in the exchange rates of the dollar against the Iraqi dinar, after it was stable and for long periods at 1221 dinars per thousand dollars.

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A businessman reveals the Central Bank of Iraq assets and gold reserves and foreign exchange


A businessman reveals the Central Bank of Iraq assets and gold reserves and foreign exchange

 

12/12/20 10:51 AM


Businessman Manar Al-Ubaidi revealed, on Sunday, the assets of the Central Bank of Iraq and the reserves of gold and foreign exchange.

Al-Ubaidi said that "the total assets of the Central Bank of Iraq as of November 30 of the previous year amounted to more than 103 trillion dinars, an increase of 0.5% compared to the same period of 2017." He added that "the value of gold reserves amounted to 5.3 trillion Iraqi dinars, a decline of 3% compared with the same period.  As for the value of foreign exchange in the bank's treasures, it amounted to 1.99 trillion, a decline of 29% from the same period."

He pointed out that "the value of the issued currency amounted to 51 trillion dinars, an increase of 2% compared to the same period in the previous year. As for bank deposits, they increased by 5% to reach 25.8 trillion dinars."

Al-Obaidi added, "The percentage of the currency issued is one of the major challenges, as the source cash represents 50% of the total assets of the central bank, which greatly weakens the banking system in Iraq."  And he stated that "despite the increase in the value of deposits in Iraqi banks by 5%, which indicates a slight improvement in the banking system as a result of adopting the Emiratization policy that allowed the opportunity to maintain salary deposits in banks, however the high cash rate and large cash liquidity  pressures significantly on the banking sector".

He explained that "the most important factors that lead to an increase in the ratio of the cash currency compared to deposits is the weakening of the citizen's confidence in the banking sector as a result of many factors, the most important of which are the volatile political situations and the weak marketing operations of banking and banking services. Cash to the banking sector."
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 The Central Bank of Iraq opens 4 accounts with the US Federal Bank for the purpose of starting to implement the Chinese agreement

 

by Othman Abu KhadraIraq news

 

 

4 Hours ago

 

%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9


 

The Department of Investments and Foreign Remittances at the Central Bank of Iraq announced the completion of the opening of four accounts with the American Federal Bank for the purpose of starting the implementation of the framework agreement with the Chinese Government Export and Credit Guarantee Agency.

The Central Bank of Iraq confirmed in a letter addressed to the Prime Minister’s Office, to inform it of depositing the amounts of oil shipments issued under the above agreement by the Sumo Oil Marketing Company in the accounts of the Central Bank of Iraq, which amounted to four hundred and eighteen million and ten thousand eight hundred and sixty-seven American countries and twenty-four cents for the month of October The first and the second of October.

The Central Bank of Iraq called on the Prime Minister’s Office to inform him of the start of implementing the agreement for the purpose of completing the contract with an investment company to monitor the accounts.

https://altaghier.tv/ 

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3 hours ago, DinarThug said:

 The Central Bank of Iraq opens 4 accounts with the US Federal Bank for the purpose of starting to implement the Chinese agreement

 

by Othman Abu KhadraIraq news

 

 

4 Hours ago

 

%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9


 

The Department of Investments and Foreign Remittances at the Central Bank of Iraq announced the completion of the opening of four accounts with the American Federal Bank for the purpose of starting the implementation of the framework agreement with the Chinese Government Export and Credit Guarantee Agency.

The Central Bank of Iraq confirmed in a letter addressed to the Prime Minister’s Office, to inform it of depositing the amounts of oil shipments issued under the above agreement by the Sumo Oil Marketing Company in the accounts of the Central Bank of Iraq, which amounted to four hundred and eighteen million and ten thousand eight hundred and sixty-seven American countries and twenty-four cents for the month of October The first and the second of October.

The Central Bank of Iraq called on the Prime Minister’s Office to inform him of the start of implementing the agreement for the purpose of completing the contract with an investment company to monitor the accounts.

https://altaghier.tv/ 


Catalyst for an RV. 
Thanks Thugs. 

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6 hours ago, DinarThug said:

The Department of Investments and Foreign Remittances at the Central Bank of Iraq announced the completion of the opening of four accounts with the American Federal Bank for the purpose of starting the implementation of the framework agreement with the Chinese Government Export and Credit Guarantee Agency.

 

SAY WHAT???!!!

 

WHAT, pray tell, ABOUT The United States Of America Strategic Framework Agreement???!!!

 

MY (NOTE: MY) mental model has always been with regard to THIS Speculative Bicraqi Iraqi Dinar Investment is Ye Olde, er, NEW Silk Road Trade WOULD HAVE TO BE restarted SO THAT THEE Bicraqi Iraqi ReInstatement INTERNATIONALLY WOULD support THE ReInstated Bicraqi Iraqi Dinar INTERNATIONAL Exchange Rate CIRCULATING Bicraqi Iraqi Dinar INTERNATIONALLY.

 

Wednesday, January 15, 2020 AND, possibly SHORTLY THEREAFTER WITH THEE Signing Of The United States Of America AND China Phase One Trade Deal COULD BE THEE "trigger".

 

Could be somethin'. Could be nuttin'.

 

Go Moola Nova!

:pirateship:

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17 hours ago, fioranosportscars said:

I am sure you are.... WEAPONS OF MASS DESTRUCTION.... some of us never learn.... BUSH 2.0

 

You are wrong to think this is about Democrats versus Republicans.  It's about entrenched globalists (pushing for socialism) versus an outsider nationalist (putting his country first).  People in opressed countries can see that, which is why people in Iran and Hong Kong and so many other countries love Trump and the US.  They see Trump trying to take the US back from the globalists and give control back to the people, and they're risking their lives to try and do the same thing in their own countries.   

 

But you are right about one thing, some people never learn.  Sadly, the average person would rather just follow the crowd rather than research the facts and think for themselves.

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1 minute ago, KristiD said:

 

You are wrong to think this is about Democrats versus Republicans.  It's about entrenched globalists (pushing for socialism) versus an outsider nationalist (putting his country first).  People in opressed countries can see that, which is why people in Iran and Hong Kong and so many other countries love Trump and the US.  They see Trump trying to take the US back from the globalists and give control back to the people, and they're risking their lives to try and do the same thing in their own countries.   

 

But you are right about one thing, some people never learn.  Sadly, the average person would rather just follow the crowd rather than research the facts and think for themselves.

 

:twothumbs: VERY Well Said AND I Agree, KristiD, AND The Very Best Of Your Week To You!!! :tiphat:

 

Of course THEE D- Bleeple Sheeple LOVE THEE "oppression" OF Socialist Globalism NOT THEE Liberty Of Nationalism.

 

:facepalm3:   :facepalm3:   :facepalm3:

 

Image result for eternal vigilance

 

Image result for eternal vigilance

 

Go Moola Nova!

:pirateship:

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On 1/12/2020 at 1:49 PM, DinarThug said:

Parliamentary Finance: The 2020 budget includes the payment of the last payment of Kuwait's debts

 

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12th January, 2020


Revealed a member of the Parliamentary Finance Committee Hanin Qaddu, today, Sunday, that this year's budget will include the payment of the last payment of debts owed by the Iraqi government to Kuwait, amounting to $ 2 billion.

Qaddo said in a radio statement that was followed by / Mawazine News, that "the total amounts of the Iraqi budget for the year 2020 amount to fifty trillion Iraqi dinars, which are distributed between the salaries of the ruling expenditures such as the ration card and the wages of other cases."

He explained, "The total debt owed by Iraq amounts to $ 28 billion, indicating that Iraq seeks to delay the payment of its debts to the Gulf countries or go to the Paris Club to reduce them to 40%." 

The financial and oil threat to Iraq: concerns and sensations

 

01/12/2020 07:23:29 PM

 

The appearance of Muhammad Salih

 

There are two direct questions addressed to me as a worker (veteran) in the Iraqi economic administration, in which the country witnessed various wars, blockades and crises in a series that Iraq has lost four decades of development and economic prosperity, the two questions are:

1. Can America confiscate Iraq’s money ... and lose protection?
2. Does Iraq start from now as a government and parliament who asked that the United States withdraw its forces, along with other coalition forces, to take measures and put its money, which is mostly oil revenue ... to another neutral country?

1- The oil market, since its establishment in the United States before the First World War and the entry of oil and fuel resulting from its dealings as a strategic commodity in the war industry and interests, has returned to the present time as a dollar market in pricing, trading, payments and behavior. Iraq entered the oil market again in the year 2003, but as a part of Security Council Resolution No. 1483 in May 2003, which blocked Iraq’s freedom to dispose of the revenues of its oil and restricted it to an American banking control and operations corridor called: OPRA Oil Receivable Account which is the account opened with the Federal Reserve Bank in New York in the currency of the dollar This account allows the deduction of Kuwait's share of Iraqi oil revenues for each barrel of oil that has been exported, currently at 3%. Removing this mechanism and converting it flexibly to another financial region outside the United States requires, in all cases, providing an alternative UN resolution that replaces the Security Council’s decision above and that it accepts the change of the deduction and payment mechanism mentioned by a financial institution in another country, Switzerland, Britain, or any other country The European Monetary Union, for example. Even assuming that Iraq is fully prepared to pay the remaining amount of the Kuwait war compensation once (which is perhaps about $ 8.2 billion), this also requires a Security Council resolution that would amount to (clearance) to get Iraq out of the last tail of Chapter Seven tails and grant Iraq Freedom to dispose of his oil resources however he wants.

In light of the above, and from my humble experience in managing sanctions, blockade and economic crises for a long time, such an approach will take some time.

Otherwise, if the United States government undertakes actions that are harmful to Iraq regarding its money by a reckless decision or disrupts the financial system mechanisms for managing oil revenue OPRA that I referred to above with unaccounted actions and excuses invoked by the dominant major country, this means that Iraq is entered into chaos and two directions first by disturbing export revenues The country’s oil and the introduction of oil exports into corridors and export paths dominated by mostly speculators and other oil pirates vis-à-vis operating outside the systems, contexts and guarantees currently familiar in marketing oil and disposing of its financial returns and with the least amount of risk. The other is to work outside the support of the parties of the international organization and its international resolution No. 1483. The economic situation will lead to a decline towards turmoil and humiliation within the joints of the economy and its dynamics falter due to the failure of the sources of oil financing, which is the basic funding in feeding the government economy, whose effects extend to 80% of the total activity of the total economy.

In conclusion, I do not know how much the current democratic system can necessarily provide sufficient harmony within the political establishment to make fateful economic decisions that will save the country. It is incoherent and the caretaker government has limited powers accompanied by a loose government administration in some of its important joints.

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