Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Institutional Performance Update !


Recommended Posts

CNN. Broadcasting From An ‘Institution’ !
 

 

Institutional performance update


Sunday 05 July 2020
 

alsabaah-39326.jpg

Yasser Al-Metwally

 

In the midst of the government's tendencies and within its plan for administrative reform to make possible changes to public administrations in state institutions and replace them with specialized technocrats that fall within the concept of modernizing institutional performance and address the imbalance that has caused the root of corruption and management chaos.


Here we believe that the campaign to change public administrations, especially the failed ones, is not sufficient to achieve improved performance or its modernization. Rather, three essential elements are required which are among the requirements for modernization, namely the modernization of the regulatory and legislative environment, qualification of human resources, and improvement of the work environment.

When that is possible, we can achieve the required administrative reform, and here the performance of the middle staff must be updated according to the position of the right man in the right place.

Focus on important links for any institution, especially in the financial, accounting and legal aspects, and check their information by conducting training and qualification courses and subjecting them to professional tests related to their specializations in coordination with universities, colleges and expert homes, in addition to this, speeding up the modernization of the legislative environment in a way that does not act according to the mood of the departments using the appropriate legislation in view Many laws intersect before and after change and exploit it for personal interests.

The third condition is to provide a clean work environment based on respect for time, good behavior and love of the profession.

There are those who believe that these procedures need time. We say yes and it is, but they are among the basics for achieving institutional performance modernization and proper reform.

We need to establish the content and objectives of governance; Which means good management, and this program can be achieved through the proposed qualification courses.

Here it must be noted that the world's rapid trends towards the digital economy and management governance that require interaction with the digital transformation through the adoption of electronic transactions and the abolition of paper handling and record keeping will be a new challenge for new departments.

It is necessary to pay attention to the fact that this digital transformation will reflect on the volume of employment in state institutions with a negative impact compared to the suspicious unemployment rates that the country suffers from and which escalate directly with the size of universities expansion and the acceptance of all middle school graduates without regard to the rate. Add to this unemployment resulting from the use of e-management .

Here, those who tackle institutional modernization must realize that dependence on the private sector is inevitable to absorb the largest proportion of the unemployed. And perhaps whoever says that this approach is within the responsibility of the sovereign decision-makers, we say yes definitely and my reference only to remind that all public administrations were against this role of the private sector and also hinder its implementation, so I said the new departments should realize this fact to be encouraging, supportive and not hindering the role of the private sector In the future, it is true that this opinion came hastily and crammed into this column, but I preferred to raise it in advance so that the administrations would not be surprised by what matters will lead to in the alphabet of administrative reform in the era of digital development. We return to this topic in later columns.

link

  • Upvote 4
Link to comment
Share on other sites

On 7/2/2020 at 12:32 PM, DinarThug said:

Parliamentary Integrity announces the preparation of lists to return smuggled money abroad

1593683656_images.jpeg

 

2nd July, 2020


The Parliamentary Integrity Committee announced today, Thursday, the preparation of lists to recover money smuggled out of Iraq. 

"The committee has a complete list of the smuggled money, containing the names of the people and the funds that are located outside Iraq," said the committee's decision, Abdul Amir Al-Mayahi. 

He added that "Iraq has a lot of money abroad, some of it frozen and the other with dishonest hands." 

He pointed out that "the Corona pandemic prevented the movement of those funds," pointing out that "the Integrity Committee summoned the head of the money recovery department outside Iraq to find out what before and after 2003 of the money, and after the end of the pandemic, the file will be fully followed up."

 

On 7/3/2020 at 5:56 PM, DinarThug said:

Parliamentary Integrity: We have information about all Iraqi money smuggled abroad, in numbers and names!

 
Policy  ,   03/07/2020 12:00   

 

43643.jpg?watermark=4
 

Baghdad - Iraq today:

 

The Parliamentary Integrity Committee confirmed that it possesses complete information regarding the smuggled funds, pointing out that lists have been prepared to recover these funds from outside Iraq.   

"The committee has a complete list of the smuggled funds, in which the names of the people and the funds are located outside Iraq," the committee's rapporteur, Abdul Amir al-Mayahi said, adding that "Iraq has a lot of money abroad, part of which is frozen and the other is in dishonest hands."  

Al-Mayahi indicated that “the Corona pandemic prevented movement on those funds,” noting that “the Integrity Committee summoned the head of the money recovery department outside of Iraq to find out what before and after 2003 of the funds, and after the end of the pandemic, the file will be fully followed up.”

LINK


LINK

The Integrity Committee opens the file of looted funds

image.jpeg.665de12c9dbfe7e1e52ebe8da3ee3261.jpeg

 

5th July, 2020


The Parliamentary Integrity Committee spoke, on Sunday, of the file of looted funds.

Member of Parliamentary Integrity Committee Jawad Hamdan promised, "The visits of the Iraqi delegations to the countries of the world are an affirmation of the economic importance of Iraq and its pivotal role in the region and the world, and it promotes economic openness in its Arab and international surroundings." Hamdan pointed out that "Iraq’s important strategic location in the way of trade will contribute to restoring its economic role and strengthening its position among the countries of the region." the parties". Hamdan stressed "the importance of eliminating corruption and working seriously to recover the stolen money and laying down plans to recover this money." 

It is noteworthy that an Iraqi ministerial delegation arrived Friday to Beirut on an official visit that included the two oil ministers, Ihsan Abdul Jabbar and Agriculture Muhammad Al-Khafaji, to discuss issues of common concern, particularly the oil, health and tourism aspects, while there is an upcoming visit of a Lebanese ministerial delegation to Baghdad to complete the talks between the two parties. The final touches of the agreements that took place between the two sides in Beirut. 
 

Edited by DinarThug
  • Thanks 4
  • Haha 1
Link to comment
Share on other sites

LINK

A deputy defines an order that strengthens Iraq's economic ties

5th July, 2020

A member of the Economic Committee, Nofal Al-Naseen, on Sunday, specified an order that strengthens Iraq's economic relations.

The young man said, "The diplomatic openness by sending political and economic delegations to brotherly and friendly countries will enhance Iraq’s economic relations and increase the volume of trade exchange and facilitate the export of Iraqi agricultural or industrial products to some countries as a trade exchange, which achieves revenue for the budget."

And the youth added, "These visits will reflect positively on our relations with the world, in addition to that they are considered one of the sources of the economic strength of the country that enhances the wheel of the economy and growth, in addition to enhancing the region's political stability."

He pointed out, "The implementation of the government program will support the Iraqi economy, maximize the country's imports and enhance Iraq's international standing, in addition to supporting cultural and commercial exchanges and contributing to enhancing the security of the region by adopting projects of a joint strategy."

  • Upvote 2
Link to comment
Share on other sites

LINK

Parliamentary Finance: The government will not submit a budget and is still busy preparing the 2021 budget

%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9
 
 
09:00 - 05/07/2020

 

On Sunday, the Parliamentary Finance Committee ruled out that the coming days would witness the submission of the 2020 budget, pointing out that the government is currently busy preparing the 2021 budget.

"The government cannot provide any budget for 2020 with a monthly resource of $ 2.8 billion, at a time when the operational budget needs at least $ 7 billion per month," committee member Jamal Ahmed told Al-Maalouma.

He added that "the government will not be able to provide a budget of 60% of which is a deficit, and therefore it will not submit a budget for the current year, and will remain within the system of 1/12."

Ahmed explained, "The Financial Management Law provides for a budget for the next year at the middle of May, and therefore the government has recognized its preoccupation with the 2021 budget." 

  • Thanks 2
  • Haha 3
  • Upvote 2
Link to comment
Share on other sites

LINK

Trade Bank of Iraq


14991333_1594854070821439_90741945117141

 

5th July, 2020
 


Our valued customers...
 

The Administration of the Iraqi Trade Bank would like to inform you that the promotion of loans to our employees is reopening their salaries and resuming pre-promoted loans.

So it took note...

  • Like 1
  • Upvote 2
Link to comment
Share on other sites

LINK

Private banks: The capital of banks operating in Iraq amounted to more than 15 trillion dinars

%D8%B1%D8%A7%D8%A8%D8%B7%D8%A9-%D8%A7%D9

 

 

09:42 - 07/05/2020

 


The Iraqi Private Banking Association revealed the size of the Iraqi banking sector, as the capital of banks operating inside the country reached more than 15 trillion dinars.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq said in a statement received / information /, a copy of it, that "the data prepared by the Central Bank indicates an increase in the capital of the banking sector to more than 15 trillion dinars." Tariq added, "The banking sector has witnessed a great development during the past years, and was able to increase the volume of lending and deposits in banks, which will positively affect the Iraqi economy, especially after the central bank reduced interest on small and medium projects."

Tareq stressed that "the capital of Iraqi banks reached until the year 2019 more than 15.3 trillion dinars, divided into 3.3 trillion dinars, the capital of government banks, while the capital of private banks amounted to 12 trillion dinars", noting that "deposits in the banking system amounted to 82.1 One trillion dinars, of which 71.38 trillion dinars are in government banks, while in private banks 10.72 trillion dinars.

Tariq pointed out that “cash credit amounted to 42 trillion dinars divided into 34.2 trillion dinars provided by government banks and 7.8 trillion dinars provided by private banks, while pledge credit amounted to 25.2 trillion dinars divided into 17.2 trillion dinars from government banks and 8 trillion dinars from Private banks.” 

 

He stressed that "bad debts amounted to 4.1 trillion dinars divided into 2.37 trillion dinars in government banks and 1.77 trillion in private banks, and this failure is due to the lack of commitment of borrowers to pay back borrowing money, explaining that the profits of banks during the past year amounted to 1090 billion dinars divided into 956 billion Dinars for government banks and 134 billion dinars for private banks.   
 

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

Association of Private Banks: The capital of banks operating in Iraq amounted to more than 15 trillion dinars     LINK

  • Thanks 1
  • Upvote 3
Link to comment
Share on other sites

On 7/3/2020 at 12:19 PM, DinarThug said:

Parliamentary finance explains the reasons for the delay in the payment of salaries

%D8%AC%D9%85%D8%A7%D9%84-%D9%83%D9%88%D8
 
 
10:08 - 07/03/2020


The Parliamentary Finance Committee clarified the reasons for disbursing the salaries of employees, confirming that the borrowing law and the procedures that followed it caused delayed disbursement.

Member of the Committee, MP Jamal Cougar, told / "The Information", "The government does not have cash to disburse it as salaries for employees, since there were only 3 trillion dinars in the financial treasury."

He added that "Iraq depends on oil to finance the budget by 95.7, as oil imports for June exceeded $ 2.8 billion." And that "Iraq needs 5.5 billion dollars to secure the salaries of its employees every month, which is what called for parliament to legislate the borrowing law in order to overcome the financial deficit."

He explained that "the government instructed to pay salaries since the 18th of each month to reach salaries to ministries, state departments and citizens by the end of the month." This is the last process of borrowing and salaries. 

 

On 7/2/2020 at 12:01 PM, DinarThug said:

The central bank is likely to exchange employee salaries early next week

256-696x391.jpg
 
 
09:51 - 02/07/2020


The Central Bank of Iraq, Thursday, likely to pay the salaries of employees at the beginning of next week, while referring to the insurance of employee salaries for the months of July and August and September.

The Director General of Accounting at the Central Bank, Ihsan Shamran, said in a statement reported by the official Iraqi News Agency “Conscious” and viewed by him / the information / that “re-deduction of bonds in favor of the Ministry of Finance by about 8 trillion dinars”, indicating that “the bonds will enable the Ministry of Finance to secure employee salaries For the months of July, August and September.

Shamran added, "The Central Bank made it easy for the Ministry of Finance to process the debt repayment for a period of 10 years," noting that "the Ministry of Finance can receive money from banks."

He suggested, "Paying employees salaries at the beginning of next week," pointing out that "there is a major role for the central bank in facing the current financial crisis." 

 

On 7/2/2020 at 12:04 PM, DinarThug said:

Central Bank: Re-discounting financial securities to secure salaries for three months
 

1593645669_6272020_uyyu.jpg
 

The Central Bank of Iraq announced, today, Thursday, the details of its contribution in the face of the financial crisis, and while confirming the re-deduction of bonds for the Ministry of Finance to secure salaries for a period of three months, it is likely that they will be paid early next week

Ihsan Shamran, Director General of Accounting at the Central Bank, said in an interview with government media, "The central bank has a big role in facing the current financial crisis," stressing "re-deduction of bonds in favor of the Ministry of Finance by about 8 trillion dinars

He added, "These bonds will enable the ministry to secure the salaries of employees for the months of July and August," noting that "the bank has made it easier for the Ministry of Finance to process the debt repayment for a period of 10 years

He pointed out that, "The Ministry of Finance held discussions with the Central Bank and some banks to re-deduct these bonds," noting that "the bank met with the finance and banks and deducted these amounts and deposited them in the Rafidain and Al-Rasheed accounts and the retirement authority

He pointed out, "Depositing 4 trillion and 300 billion dinars in bank accounts since last Wednesday," noting that "the finance can receive money from the banks," and suggested "the payment of staff salaries at the beginning of next week

And that "the central bank stands with the government to support system" rel="">support the public finances from any crisis that it may face," noting that "the size of banks' cooperation is relatively limited except for Rafidain, Al-Rasheed and the Iraqi Bank for Trade

Shamran said, "The financial crisis will ease with the recovery of oil prices and the global economy

 

LINK

Parliamentary Finance: There will be no delay in delivering salaries for the next three months

1593907075_1462020115438doc-p-342344-637231479988776794.jpg
 

5th July, 2020

 

Member of Parliamentary Finance Committee MP Mohammed Al-Darraji confirmed today, Sunday, that the reason for the delay in the salaries of employees (especially after the approval of the borrowing law) will not be the non-transfer of currency, because liquidity is available with the Central Bank and has transferred the required amounts to the main banks and salaries must be released Tomorrow or after it

Daraji said in a statement that there is no validity for the delay in salaries due to the delay in converting the currency, as the central bank makes the daily transfer, and the borrowing law that covers salaries includes (at one of its points) internal borrowing and on the basis of this, the cash liquidity with the central bank has been released to the main banks (Al-Rafidain, Al-Rasheed and TBI). A notification must be received from the Ministry of Finance to the mentioned banks to release the employees’ salaries .. tomorrow or after that, salaries should be received as possible from tomorrow

He explained that "there will not be a problem during the next three months for internal borrowing, and then we look at oil prices and the reform plan that the Finance Minister promised to present

##########

  • Thanks 3
  • Haha 1
Link to comment
Share on other sites

LINK

Al-Diwaniyah Governor is pledging the distribution of employees' salaries upon the arrival of a notice from the Central Bank of Iraq

1593937968_resizer.jpg

 

5th July 2020


Diwaniya Governor Zuhair Ali Al-Shaalan announced the completion of financing the disbursed salaries of state employees in the Diwaniyah governorate from the Ministry of Finance (Education, Health, Agriculture, Governorate Governorate, Labor and Social Affairs, Sports and Youth, Municipalities and Housing) and with the follow-up of the technical assistant head of the Financial and Administrative Department in the Department of Governorate Muhammad Jubouri.

He added in a statement: The financing of the salaries of the employees of the departments related to the state treasury (police, traffic, nationality, border police, civil defense, and irrigation department) has been completed, and with the follow-up of the director of the state treasury, Hazem Al-Badiri.

He confirmed that the salaries of state employees will be distributed immediately upon the arrival of the notice from the Central Bank of Iraq to the Rafidain Bank, on the right side, who will send the accredited tomorrow, Monday to the capital, Baghdad, for that.

He noted that the delay in paying the salaries of state employees occurred in all governorates of Iraq and not one province without the other because of administrative procedures for the central government in Baghdad.

  • Thanks 3
  • Upvote 1
Link to comment
Share on other sites

Border outlets announce achieving financial revenues of more than 150 billion dinars during the past May and June

 

126527.jpg?watermark=4

 

Economie 7/20/2020 22:40 371     


Baghdad today - Baghdad
 

The Border Ports Authority announced today, Sunday, the achievement of financial revenues of more than (150) billion Iraqi dinars during the months of May and June of 2020. 

The authority stated in a statement received (Baghdad today), that "last May, the financial revenues obtained from commercial traffic (69,661,724,000) billion dinars, while in June the revenues were (80,830,981,545) billion Iraqi dinars, as there is an increase in the graph for the revenues of June For the month of May, with more than (11) billion Iraqi dinars, this difference was achieved despite the closure of the land ports in front of the commercial movement and travelers with the two neighbors Iran and Kuwait since the middle of last March due to the Corona pandemic, as well as the issuance of a decision to zero the customs duties for food, health and agricultural materials. 

It indicated that it "seeks, in cooperation with the General Authority of Customs and the departments operating in the border outlets, to maximize state revenues and support the federal budget in light of the exceptional financial conditions and to follow scientific and thoughtful plans and strategies to tighten its strict procedures in monitoring, auditing and security investigation on the measures taken to complete customs transactions in accordance with contexts and legal controls And the correct and approved administrative office. "

LINK

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

LINK

Brent crude is expected to reach $ 60 a barrel

%D9%86%D9%81%D8%B7-11-696x435.jpg
 
 
4th July, 2020

 

On Friday, experts at Capital Economics expected that Brent crude prices would rise to $ 60 a barrel by the end of 2022 from their current levels of $ 42.

These expectations come despite the slowdown in demand for crude oil in light of OPEC + cuts.

Experts at the bank indicated that it is likely that oil prices will not rise quickly, and that recovery in demand for crude oil will be slow, especially with the increase in the numbers of infections with the Corona virus again, which may raise concerns about a second wave of the virus

  • Thanks 3
Link to comment
Share on other sites

LINK

Al-Nusairi invites the Prime Minister to meet with private banks and address obstacles to their contribution to overcoming the economic crisis

21786.jpg
 

5th July, 2020

 

The Economic and Banking Adviser to the Association of Iraqi Private Banks, Samir al-Nassiri, called on Sunday, the Prime Minister to meet with Iraqi private banks similar to his meeting with Iraqi businessmen for the purpose of discussing the obstacles to their work and their contribution to overcoming the economic crisis because without a sound and sound banking sector, no sound national economy can be built

Al-Nusairi said in an interview with "Al-Iqtisad News", that "Prime Minister Mustafa Al-Kazemi and the emergency cell for financial reform do not hide the complicated economic conditions and repercussions of the spread of Corona virus, political disputes and conflicts by the political parties and blocs that led to great harm to the national economy and stalled the economic cycle and economic stagnation Added to this are the accumulations and repercussions in the absence of a clear economic approach to previous governments, foggyness, and confusion of vision for real economic reform. And since the banking sector is the main link in the economic process, the current conditions have contributed to stopping the banking activity, especially the private banking activity since the outbreak of the demonstrations in October 2019, and so far, which has had clear effects on the lack of liquidity, low deposits, credit, loans and banking facilities due to the stop of working hours.  During the comprehensive roaming ban for more than 30 days and reducing the permanence and banking activity during the partial curfew, which led to a significant decrease in revenues, despite the many measures taken by the Central Bank in providing several facilities package for banks, including enhancing its liquidity by reducing the percentage of the legal reserve, postponing loan installments, stopping and postponing the imposed fines On the banks

"According to the analysis of official data and statistics, the structure of the Iraqi banking sector consists of 7 government banks that hold 86% of all government and public deposits and 78% of all assets and private banks constitute 70 commercial and Islamic banks and invest 78% of the capital of the Iraqi banking sector and did not get Only on 13% of the total annual profits achieved at the total level and that the goals set for the banking sector in all government programs of previous governments are focused on achieving them is lending for development and considering banks as a lever for development and restoring confidence with the public and achieving financial inclusion in the sense of expansion and spread by providing banking products and services and practicing Real banking and digital transformation of the banking sector

The financial and banking advisor explained, "Through an analytical view of the reality of the Iraqi economy and the challenges facing the financial and monetary policies, in particular the stimulation and revitalization of the economy by bank financing and banking facilities, the above challenges stand in front of its implementation at the present time despite the great efforts made by the Central Bank since 2016 to implement its strategic objectives for the years (2016-2020) which achieved such goals task and key notably developments structural and structural and technical in banks and increase the proportion of comprehensive financial and investment in Ras capital human and walk pace actively towards stability In the monetary system and achieving stability in the exchange rate since 2018 and still remains, however, private banks are in urgent and urgent need of government support by studying their problems in the current circumstance in the emergency cell for financial reform formed in the cabinet for the purpose of saving some private banks from collapse

....Al-Nassiri suggested the following

 First-that the nature of the activities of banks depends on the nature of the activities of the sectors of economic, and as long as the activity of economic is concentrated in the trade (imports) remains the activity of banks concentrated on the conversion external and associated so ..lma unless moving sectors other (industry, agriculture, tourism and others) do not expect the diversity of activity The banker

It is worth noting that without controlling imports, these sectors will not rise, which explains the lack of progress on serious loans through the Central Bank initiative to finance small and medium projects

Second, the legal environment must be provided and the rule of law should be extended in order to eliminate the phenomenon of defaulting in the repayment of loans, as bad debts amounted to (5 trillion dinars) up to 30 June 2020, and they constitute a large percentage of the total credit granted, and thus banks are reluctant to provide loans and facilities. Banking

Therefore, we see that the decisions of the Council of Ministers and the Economic Affairs Committee of the Council of Ministers that were previously issued to support the banking sector, especially private banks, are not activated. It led to obstructing the activities and activities of private banks and greatly affected their liquidity, revenues, and deposits for that, and for the purpose of overcoming the banks crisis, in a way that ensures banks moving from the role of banking to the developmental role and revitalizing banking work in the current circumstance requires the government, in particular the esteemed cabinet and the emergency cell, to activate the decisions previously issued The Council of Ministers and the Economic Affairs Committee are as documented with the following numbers and dates

 Third-activate all the decisions of the Committee Affairs Economic special support banks, special and in particular Mayati

1 ‐ The Ministry of Finance changed its decision not to accept it to open bank accounts for ministries and state departments in private banks and confine them to government banks according to its letter 207 on 31/1/2019

2 ‐ Activate the decision to allow ministries and government departments to open documentary credits in private banks up to $ 50 million without going through the Ministry of Finance and the Iraqi Trade Bank

3-Activating Resolution Council of Ministers No. 110 of 2009 and the decision of the Committee on Economic Affairs on 2012 141/2/20 concerning the conversion of government documentary banking up to 30 credits million dollars to private banks through the Trade Bank of Iraq

4-Activating the decision of the Committee on Affairs of Economic No. 253 of the year 2015. Regarding theacceptance of sukuk certified by private banks to pay insurance, customs fees and taxes

Fourth-activating decision Council of Ministers No. 378 of the year 2018 and the special levy fees of government in the departments of State of through payment mail

Fifthly: Activating the Financial Services Court formed in accordance with the Central Bank Law 56 of 2004, and the Court may refer cases that require referral to the competent courts in accordance with the applicable penal law

VI consider claims of debt distressed owed by customers in the banks own lawsuits urgent debts excellent like government debt

VII. Add to Mai PEOPLE by Bank Central of efforts requires the government is also working to provide conditions and take measures to help banks own to obtain the classification of credit approved internationally and thus enhance relations banking international with correspondent banks

Eighth - The Ministry of Finance compensated for the damage in the fixed and cash assets lost by the branches of private banks, which amounted to (37) branches in the governorates occupied by ISIS in 2014 and is documented by the Central Bank of Iraq

IX- activating the decisions of the Council of Ministers No. 313 of 2016 and No. 218 of 2017 and private employees' salaries and settling demand from government departments to settle their salaries according to their desire and directing them not to settle salaries in government banks exclusively

  • Upvote 3
Link to comment
Share on other sites

LINK

Parliamentary Economy: Border crossing revenue is $ 10 billion annually, of which only one billion is earned

21770.jpg
 

4th July 2020
 

Member of the Parliamentary Economy and Investment Committee Mazen Al-Faili said on Saturday that the border outlets in Iraq achieve annual financial revenues of $ 10 billion, but only one billion are earned

Al-Faili said in a statement received by "Al-Iqtisad News", "We stress the government taking quick steps and effective measures in collecting the revenues of the outlets, whose realistic amount is at least ten billion dollars at least annually, but it is actually obtained not to exceed one billion dollars

He pointed out that "finding solutions for this economic facility is not limited to providing significant and important revenues that revive the public budget only, but also contributes to the revitalization of the industrial and agricultural sector and the protection of the national product and what is required by providing additional job opportunities for Iraqi youth and stopping the flow of hard currency to import these materials, not to mention the fact that the government's success In imposing the rule of law on the outlets, it will restore confidence in the rest of the state’s institutions and departments and motivate them to adopt firm oversight activities in the face of corruption and corrupt people in various state locations

In this regard, Al-Fili proposed a set of mechanisms and steps, the most important of which are

1- Adopting governance (the electronic system for collecting customs duties) in a comprehensive management of all outlets, to ensure accurate control and responsible follow-up in the full payment of revenues

2- Subjecting all ports to the administration of the Federal Authority

3- Appointing an honest and efficient field administration

Each outlet and supports the deployment of elite security forces that protect their sound decisions and block the way for any groups that interfere with the work of the ports and their revenues

4- Close the unlicensed ports and crossings that operate outside the control of the state and the law

5- Reconsidering granting exemptions from customs, as regulatory reports indicate that they are exploited by persons and entities not legally covered, and exemptions are supposed to reduce to the maximum extent possible, and that customs duties are met by everyone in the outlets and after verification in the center of the validity of their inclusion in the exemption The statutory return for them with the percentage of customs fees withheld

6- That the process of payment of imported goods' duties, fees and taxes be completed upon the contracting process or when merchants purchase hard currency from the currency auction to reach these goods to the outlet and they meet all of their conditions

7- Regulating import licenses and matching them with incoming goods and commodities in order to prevent tampering with the quality of goods or exchanging them in customs fee transactions, which leads to a reduction in the fees imposed on them

8- Connecting all outlets to a national control center in Baghdad by means of a camera system that covers the work and activity of employees in the outlets to detect any tampering with the passage of goods

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

Parliamentary Economy: Ports revenue 10 billion dollars, only 1 billion received    LINK

  • Thanks 2
Link to comment
Share on other sites

LINK

Parliamentary Finance Committee: No delay after today in the distribution of salaries to state employees

%D8%A7%D8%AD%D9%85%D8%AF-%D9%85%D8%B8%D9
 
 
22:27 - 05/07/2020
 

The Parliamentary Finance Committee affirmed on Sunday that there is no delay in distributing salaries to state employees after today.

A member of the Parliamentary Finance Committee, MP Ahmad Mazhar al-Jubouri, said in an interview with "Information", that "multiple reasons contributed collectively to the delay in paying the salaries of Iraqi state employees and their retirees during the past days, despite the approval of the law on internal and external borrowing, which provided flexibility for the government to pay salaries."

Al-Jubouri added, “The delay in paying the salaries of June will be the last, and for the rest of the months, salaries will be paid and disbursed within normal times without any delay. We assure the public opinion that the state is obligated to pay salaries to all employees within the approved timings.”

The government was late in tightening and paying the salaries for the month of June, which raised public concern, despite the approval of the internal and external borrowing law. 

  • Thanks 3
  • Upvote 2
Link to comment
Share on other sites

LINK

The International Trust Bank: Localization Of Defense And Interior Salaries Has Strengthened Services

WhatsApp-Image-2020-07-05-at-2.45.10-PM-

 

5th July, 2020



The International Islamic Trust Bank revealed an expansion mechanism for the services it provides to the public, especially after the salary settlement base of employees of the Ministry of Defense and the Interior expanded.

"The salary settlement base has grown in the presence of the security system represented by employees of the Ministry of Defense and Interior, which pushed the bank to provide global services and adopt them in a phased manner commensurate with the sacrifices of the security forces," said Maaran, the managing director of the bank, Wehbe Al-Khaffaf.

Al-Khaffaf pointed out that "the expansion of products represents the most important objective of the bank during the next stage, which coincides with a plan that enables human resources to develop the sophisticated systems witnessed by the financial sector in the world."

He pointed out that "the bank provides services through 13 branches distributed between Baghdad and the provinces, pointing out that despite the challenges facing the country, the bank provides its services, taking into account the directions of the crisis cell."

  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

LINK

For not tying Iraq with debt .. A representative committee calls for the approval of this budget

For not tying Iraq with debt .. A representative committee calls for the approval of this budget
 
 
7/5/2020 20:59:11


A member of the Committee for Monitoring the Implementation of the Government Program and Strategic Planning, Inaam Al-Khuzai, called for financial adjustment in light of fluctuations in oil prices and the continuation of the Corona pandemic.

Al-Khuza’i said in a statement, {the Euphrates News} received a copy of, that “although the Financial Management Law No. (6) for the year 2019 in Article (13) / third, in the event that the Federal Budget Bill has not been approved for a specific fiscal year, the final financial statements are For the previous year, a basis for the financial statements for this year was submitted to the House of Representatives for the purpose of approval," noting that "of course this does not fit the financial and economic reality that Iraq currently lives due to the Corona pandemic and the collapse of oil prices."


And she warned of "approving the disbursement (1/12) of the 2019 budget due to insufficient oil revenues necessary to finance public expenditures, and the Ministry of Finance recently issued a report on the rate of public expenditures and revenues until April 2020," noting that "the report discloses that the total expenses were (22,564) One trillion dinars during the first four months of the year, which means that the monthly rate of spending is approximately (5.5) trillion dinars, while Iraq achieved total revenues of (22,571) trillion dinars.

Al-Khuza’i indicated, “In light of the oil revenues accrued last June (approximately 3.5) trillion dinars, the fiscal deficit is expected to be approximately (2) trillion dinars only, which means that Iraq’s need for internal borrowing will not exceed (12) trillion dinars during the months The rest of the year 2020 instead of (15) trillion dinars proposed by the government as an internal borrowing to finance the deficit. According to all available data to Khuzai it called "the government 's commitment to the adoption of the monthly budget for fiscal adjustment with fluctuations in oil prices on the one hand and not burdening the economy and the citizens of internal and external debts is required on the other hand." 
  • Thanks 1
  • Upvote 1
Link to comment
Share on other sites

LINK

The Foreign Ministry of the Arab-Chinese Forum: The government is working hard to provide safe legislative frameworks for investments

The Foreign Ministry of the Arab-Chinese Forum: The government is working hard to provide safe legislative frameworks for investments
 
 
7/6/2020 18:08:27
 
 
The Foreign Ministry assured the Arab-Chinese Cooperation Forum that the government is working hard to provide safe legislative frameworks for investments.

 

This came during the participation of the Senior Undersecretary of the Ministry of Foreign Affairs, Ambassador Abdul Karim Hashem, representative of Iraq at the Arab-Chinese Cooperation Forum / the ninth session via video conferencing technology today, Monday.
 
Hashem said in a statement, {Euphrates News} received a copy of it, that “the holding of this forum under exceptional circumstances expresses the insistence of the participating countries to activate Arab-Chinese relations in various fields, and frame them with the frameworks of the comprehensive strategic partnership with China.” 
He affirmed that "China is the most effective international partner to the Arab world, due to its positive stances towards Arab issues, especially the question of Palestine." Important from its paths." Hashem expressed "Iraq's aspiration for this forum to come out with mechanisms for cooperation in the fields of economy and cross-regional investment in the field of infrastructure, and to achieve integration through networks of roads and transportation to overcome difficulties and reduce time, and thus reduce the cost."

In the economic field, the agent noted, "Iraq seeks to encourage investment companies to enter the Iraqi market, revealing that the government is working hard to provide safe legislative frameworks for investments. The agent concluded by praising China's initiative (the road and belt) that it came to be a platform for a growing number of countries, and a forum to unify efforts towards coordination, and unify positions to find new mechanisms for international economic government that is more just through the establishment of a new international economic order more favorable to the economies of these.
  • Thanks 2
  • Upvote 1
Link to comment
Share on other sites

LINK

Parliamentary economics reveals the reason for delaying the payment of salaries and confirms securing external loan funds

%D8%B1%D9%88%D8%A7%D8%AA%D8%A8-696x438.j
 
 
16:56 - 06/07/2020

 

The Parliamentary Economy and Investment Committee revealed, Monday, the reason for delaying the payment of employee salaries despite the vote on the law on external and internal borrowing, while stressing the security of funds related to external loans.

A committee member, Mithaq Al-Hamedi, said in a statement to / Information /, that “external loan funds have been secured, but the Ministry of Finance is facing a problem in the absence of cash liquidity against the dollar to convert loan funds into salaries.” Noting that “the central bank is facing a problem in securing Iraqi funds in exchange The dollar.”

She added that "the transfer of money from the dollar to the dinar is the reason for delaying the exchange of employee salaries, as this problem will be resolved this week," noting that "the central bank informed Parliament of its inability to print the money because the currency is collapsing."

And the Parliamentary Finance Committee announced, last Thursday, its refusal to hand over the salaries of the employee for every 40 days, while external loans indicated the need for international ratifications and the salaries were secured for three months. 

  • Upvote 2
Link to comment
Share on other sites

LINK

Al-Rafidain: The coming hours will witness the distribution of the salaries of all employees

%D9%85%D8%B5%D8%B1%D9%81-%D8%A7%D9%84%D8
 
 
14:20 - 06/07/2020


Rafidain Bank confirmed, on Monday, the arrival of financing for employee salaries for the month of June, indicating that the coming hours will witness the completion of the distribution of employee salaries.

"The failure to deliver salaries on time, due to the lack of financial revenues and the implications of the Corona virus," said Medal of the Rafidain Bank, Wissam Mohamed, in a statement to \ Information.

Muhammad added, "The Rafidain Bank is subject to the Ministry of Finance and we are awaiting financing and notification to pay the salaries of employees, and that the lack of revenues and the consequences of the Corona pandemic have affected the delivery of salaries on time."

He explained, "We have nothing to do with delaying the salaries of the employees. We are an executive body affiliated with the Ministry of Finance," stressing that "the salaries of the retirees were disbursed yesterday and some departments will distribute the salaries to them today."
  • Upvote 3
Link to comment
Share on other sites

LINK

Parliamentary Finance: The salaries of the coming months will be paid on time for these reasons

%D8%B1%D9%88%D8%A7%D8%AA%D8%A8-696x438.j

 

 

13:20 - 06/07/2020


The Parliamentary Finance Committee confirmed, on Monday, that the salaries of employees and retirees for the coming months have been secured and will be paid by the indicative dates for each state institution, stating that the application of a single salary system and the abolition of multiple salaries need time.  
 
Cougar pointed out that "the process of completing the prohibition of paying salaries is time-consuming, as the first step that is currently taking place within each ministry and the other step will take place intersecting with all ministries and government institutions to detect duplication."  Member of the Committee, Representative Jamal Cougar, said in a statement to "Information", that "the delay in the salaries of the month of June was due to the lack of cash liquidity with the public treasury, as well as because of some ministries busy busy examining the double salaries and space." 

 

He added that "the salaries of the coming months will be paid smoothly and without changing the dates of state institutions for a number of reasons, including the liquidation of cash after financial reforms were carried out and oil prices recovered, as well as the government's freedom of internal borrowing after the parliament voted to allow borrowing."
  • Thanks 2
  • Upvote 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Similar Content

    • By DinarThug
      CNN. Broadcasting While Handing Out The Corona Masks (Secretly Dipped In Laughing Gas) For The Meeting !
       
      The second round of strategic dialogue between Iraq and America will start soon, amid Sunni-Kurdish support
      - 10 Hours Elapsed
      ;  
       
      Political circles in the Iraqi capital, Baghdad, and the Kurdistan region of Iraq are awaiting the results of the second round of "strategic dialogue" negotiations between Iraq and the United States of America, scheduled to begin on August 20, during a visit scheduled by Iraqi Prime Minister Mustafa Al-Kazimi to Washington to meet US President Donald Trump there.

      And according to what the White House recently announced, the talks between the two parties will include "facing the challenges posed by the emerging corona virus, in addition to issues related to security, energy and economic developments."

      While Al-Kazemi's office stated that the visit will include “discussing the files of bilateral relations between Iraq and the United States of America, issues of common interest, joint cooperation in the fields of security, energy, health, economy and investment, and ways to enhance them, in addition to the file to address the Corona pandemic, and bilateral cooperation to serve common interests. For the two countries, ”according to a government statement.

      And Shiite politicians, most of whom belong to the “Al-Fateh” coalition led by Hadi Al-Amiri, put the issue of removing American forces from Iraqi lands, in accordance with the decision of the Iraqi parliament (on January 5), as a top priority for the visit.

      A member of the Security and Defense Committee in the House of Representatives, a representative of the State of Law coalition, Kata Al-Rikabi, said, in a statement to the official agency, that "the prime minister will discuss during his visit to the United States the strategic framework agreement and the presence of foreign forces."

      He added, "The prime minister will also discuss the economic crisis that Iraq is going through, as well as the health crisis in relation to the Corona epidemic, in addition to joint cooperation between the two countries at multiple levels." While a member of the Parliamentary Foreign Relations Committee, a representative of the "Sairoun" coalition, Rami Al-Skiny, Al-Kazemi's visit to Washington "will achieve a kind of international balance."

      The deputy of the coalition, led by Muqtada al-Sadr, added that "Al-Kazemi's visit to Washington is one of the important visits on the international side to achieve a kind of balance in performance, and to support and strengthen the Iraqi interest."

      He added, "The visit will address many of the economic and political axes and the security dimensions that can be achieved on the Iraqi arena."

      He pointed out that "there is a performance that must be different for the prime minister, and this can only be achieved with a balance in the performance of the Iraqi government, and the lack of tendency for an axis without another," pointing out that "there are international axes that are reflected in the Iraqi arena, so it is necessary to have a balance and calm in The square, internally and externally, ”.

      Most of the Shiite political leaders, especially those with a military wing or an armed faction, share the opinion about the proximity of the Iraqi Prime Minister, Mustafa Al-Kazemi, to the American axis, and the danger of this to neighboring Iran, which is their most prominent supporter.

      The "Sayyid of the Martyrs" Brigades, one of the armed factions close to Tehran, considered that Al-Kazemi's upcoming visit to Washington would be pouring into the "Dissolution of the Popular Mobilization" channel and fighting the "Islamic Resistance" factions.

      The spokesman for the Kataeb Brigades, Kazem Al-Fartousi, told local media yesterday, Sunday, “The goal of the visit of the Iraqi Prime Minister, Mustafa Al-Kazemi, to the United States of America, is to give guarantees that the PMF will be dissolved. Iraqi - Iranian relations.

      And he believed that “Mustafa Al-Kazemi pledged allegiance to the United States of America, before he obtained the position of prime minister, and now he has started carrying out some actions in accordance with American interests, and will also work to fight the resistance factions,” threatening to say: “We will have real stops from these actions, if applied In reality".

      In spite of this, but the leader of the "Al-Fateh" coalition, Ghazanfar Al-Battikh, indicated that the pressure on the removal of US forces from Iraq has "receded".

      He added, "The Islamic Republic of Iran is the most concerned about the American presence in Iraq and the region," noting that "this presence constitutes a threat and danger, and may be a starting point for launching operations and strikes against Tehran," according to "Shafaq News".

      He indicated that "the pressure regarding the removal of US forces from Iraq has eased at the present time," noting that "there are personalities and political parties, who speak in another way at night and in the day."

      He added that "there are pressures from various parties to relieve pressure on the exit of American forces from Iraq, and these pressures from all sides, and it is not unlikely that there will be Iranian pressure on a group of factions to reduce pressure in this file at the present time, for the purpose of calming down with the United States of America." .

      In contrast to the Shiite position, the Sunnis and the Kurds agree on the importance of continuing the relationship between Baghdad and Washington in all files, relying on American support and adopting a balanced policy in relations with everyone.

      Member of Parliament, Zafer Al-Ani, saw that Iraq needs tangible American and international support in several areas, "Otherwise, the situation of Prime Minister Mustafa Al-Kazemi is difficult."

      And he added in a statement yesterday, that “the visit is undoubtedly important for both countries, but as the White House statement described it, it comes at a (critical time), and the criticality of time does not stem from the fact that the two presidents are preparing to run for the elections, but because it will test the extent to which the two sides are serious about a long strategic relationship. Long-term or breaking the bonds of this fragile alliance. He added, "The topics of the visit are important to us as Iraqis, as it will discuss security, economy, energy and health files," noting that "Iraq needs tangible American support in these areas that have become worrisome, and without this support, whether direct or by encouraging other countries to provide it, the situation will be Al-Kazemi made difficult and his chances of achieving his reform program are slim.

      Likewise, the head of the "Kurdistan Democratic Party" bloc, MP Vian Sabri, confirmed that Al-Kazemi's visit "is necessary in expanding cooperation relations between the two countries," while noting that it signals an improvement in relations between the two countries.

      Sabri told the official agency, "This visit is an indication of an improvement in relations between Iraq and the United States, especially since Al-Kazemi emphasized in his government program the importance of foreign relations with the countries of the world," noting that "relations are based on sovereignty, balance and cooperation." She added that "the visit is necessary to discuss bilateral files, to enhance coordination and security cooperation in the face of terrorism, and to health cooperation in the face of Corona, in addition to economic cooperation in the fields of investment and energy."
      Bright Besan
      Arab Jerusalem
      link
    • By DinarThug
      CNN. Broadcasting The Ninth Indicator That Iraq Is Back On Track - As Provided By The DV Members !
       
       
      Go Ahead And Jump On Out There With Ur Bad Self HorseSoldier...
       
       
      LINK
      Report: 8 indicators that Iraq is back on track

       
      6th August, 2020

      A report by the "Wall Street Journal" said that Iraq is finally back on the right track, although it is going through an unenviable situation at the present time as a result of the Corona pandemic and the conflict of regional and international wills within its territories.
      The report monitored several indicators cited by the American Brookings Institution confirming progress in many ways in the country from 2003 until today.
      First: The country's population has increased from about 25 million in the last years of Saddam Hussein’s rule to 40 million today. According to the newspaper, this in itself is neither good nor bad, but it does mean that Iraq is large enough to be an important player in Middle East politics.
      Second: The per capita gross domestic product has risen to nearly six thousand dollars compared to less than four thousand two decades ago. The newspaper report indicates that it is certain that there is still great poverty in Iraq, corruption is rampant, and job prospects for Iraqi youth are modest, but nevertheless, there have been positive economic developments.
      Third: Oil production has increased from about 2.5 million barrels per day in the last years of Saddam’s rule to about 4.5 million barrels now, and export revenues from oil have tripled on average since 2002.
      Fourth: The annual rate of internal displacement has more than halved since the defeat of ISIS. ISIS.
      Fifth: Many indicators of the quality of life have improved significantly over the past two decades. Cell phones, which were restricted to the Ba'athist elite, are now everywhere, and the total number of users is roughly equal to the population. The total internet users are now around 10 million.
      Sixth: Life expectancy increased from 67 years in 2002 to about 73 years today.
      Seventh: The number of modern sanitation facilities has increased, which now reaches more than 40 percent of the population, compared to 32 percent before 2003. More than half of the population has access to safe drinking water as well, although this issue still needs to be done. Greater efforts.
      Eighth: The literacy rate at the national level has increased from 74 percent at the turn of the century to 85 percent today.
      The Wall Street Journal report concludes that, however, there is still a long way to go for Iraq to achieve the desired political and economic stability, in light of the popular protests that erupted last year, high indicators of corruption and a decline in freedom of the press.
      The protests began on the first of last October and lasted for several months, during which hundreds of thousands of Iraqis demanded jobs and services and the departure of the ruling elite, which they said were corrupt.  The protests led to the resignation of Prime Minister Adel Abdul Mahdi, who was replaced in May by Mustafa al-Kazemi, the former head of the intelligence service.
      Iraq, which relies on oil exports for most of its revenues, has been suffering from corruption and mismanagement for many years and was ranked 161 out of 168 countries in Transparency International’s annual report on corruption for 2015. Iraq is currently ranked 156 out of 180 countries in the global rankings for freedom. The press, published by Reporters Without Borders.
      ############
      8 indications that Iraq is back on the "right track"    LINK
    • By DinarThug
      CNN. Broadcasting Off Of The Dollar Menu From A Baghdad McDonald’s - Super Size Me !
       
       
      An economist talks about what controls the dollar exchange rate in Iraq
       

       
      Economie 7/20/2020 19:41 441    

      Baghdad today - Baghdad
       
      Economist, Humam Al-Shamaa, on Tuesday (28 July 2020), talked about what controls the dollar exchange rate in Iraq and the effect of internal factors on it.
      Al-Shamaa said, in an interview with (Baghdad Today), that "the exchange rate of the dollar in local markets has nothing to do with the exchange rate of the dollar in global markets towards other currencies."
      He added, "What controls the dollar exchange rate in global markets are expectations, oil prices, gold prices and a relationship with the euro. As for Iraq, the relationship between the dollar and the dinar is controlled by internal factors related to the demand and supply of the dollar." 
      And Al-Shamaa said, "The decrease leads to higher prices, inflation and more problems for the poor classes, because the devaluation of the dinar means an increase in the value of commodities."
      The price of gold reached record levels yesterday, with a new drop in the price of the dollar in the global market at a time when investors rushed to buy it as a safe haven, amid concern about the tension between the United States and China and the rise in the number of cases of Covid-19 again around the world and the lack of progress in Washington on a new package To stimulate the economy. 
      After months of improvement in stock markets, driven by the trillions of dollars of support from governments and central banks, investors are rethinking the long-term economic implications of the emerging corona virus. 
      And at a time when the wide easing measures imposed by the Federal Reserve monetary dollar push the dollar against most of the other currencies, gold rises significantly, reaching a record level of $ 1944.71, which is much higher than the previous record level recorded in 2011 and reached $ 1921.18. 
      The focus is on the next meeting of the Federal Reserve to discuss its policies this week, as some expect that more measures will be imposed to boost the economy (probably negative interest rates), which is expected to increase pressure on the dollar and raise the price of the gold ingot to more than two thousand dollars. 
      There is also concern that recording worse-than-expected results in US gross domestic product for the second quarter of the year will cause major selling to the dollar, and while the weak dollar has been a major driver of the high price of gold, the matter is also driven by the attractiveness of the metal as a haven in times of turmoil, especially in light of the deterioration The relations between the United States and China day after day.
      Gavin Wendt, chief resource analyst at MineLife Consulting, said: “Strong gains cannot be avoided at a time when we are entering a stage similar to the atmosphere that prevailed in the aftermath of the global financial crisis as gold prices rose to record levels as a result of large amounts of Federal Reserve funds being pumped into Financial system, "and the dollar fell again against other currencies, while the euro reached its highest level since September 2018.
      LINK
    • By DinarThug
      CNN. Broadcasting From An Iraqi Border Crossing While A Herd Of Sheep Passes Thru To Iran - But The Guys Counting Them Keep Falling Asleep !
       
      Iraq begins paying its debts to Iran with goods
      07/25 2020 08:29:49 PM

       
      Baghdad / extent
       
       
      The Secretary General of the Iranian-Iraqi Chamber of Commerce Hamid Hosseini announced the establishment of a company in Iraq to settle Baghdad's debts to Tehran, which amount to about five billion dollars, according to a report published by Iranian websites.
      Hosseini told Farda radio that the company, which will work for the Iranian government, will purchase food commodities to pay off the debts. He explained that, based on a mutual agreement between the two countries, last month, Iran will provide the new company with a list of "commodities and raw materials" it needs, and the company will purchase and ship it to Iran. And Iraq owes Iran the money and gas it imports from it. The payment of Iraqi debts comes through goods, not cash, because Iran is subject to US banking sanctions, so Baghdad cannot transfer foreign currencies to it. According to Radio Farda, Iran is able to import goods only from Iraq, also because of the US sanctions. The Governor of the Central Bank of Iran, Abdel Nasser Hamti, announced, last month, from Baghdad, that Iraq had agreed to settle its debts, related to gas and electricity, to Tehran, by providing food and medicine.
      He said that the debt funds will be used, in the Iraqi Bank of TBI, to pay for the "commodities" that will be purchased by the newly established company. Iran's non-oil exports to Iraq, excluding electricity and gas, reached nine billion dollars in 2018, while its total imports from Iraq reached only 59 million dollars. Since the beginning of the Iranian calendar year, on March 21, 2019, Tehran has stopped publishing details of its foreign trade. It is worth noting that Prime Minister Mustafa Al-Kazemi held talks recently with Iranian leaders on his first official visit abroad since he took office in May.
      LINK
    • By DinarThug
      CNN. Broadcasting fundamental changes in the central bank during the coming period !
       
       
      Washington-Baghdad Dialogue: America wants to strictly implement the sanctions list
       
      7/21/2020
       


       
       
      About two weeks before the second session of the strategic dialogue between the United States and Iraq, in which Iraqi Prime Minister Mustafa Al-Kazemi is to participate, an Iraqi official revealed that Washington included a paragraph related to the names of Iraqi, Syrian, Iranian and Lebanese personalities that the US Treasury Department imposed sanctions on in the past two years. The paragraph is related to discussing the seriousness of the Iraqi banks ’commitment to not dealing with these names, as well as discussing some of them escaping sanctions through activities managed by relatives or agents in their favor. The source pointed out that the Al-Kazemi government is in the process of undertaking major reforms in this area, specifically within the Central Bank of Iraq, the body responsible for the matter.
      Al-Kazemi will participate in the second American-Iraqi dialogue session, during an upcoming official visit to Washington at the end of this July, according to what was previously revealed by Foreign Minister Fuad Hussein.
      US officials are convinced of the existence of fraud within Iraq, enabling those involved in the sanctions to continue their commercial and financial activities
      During the past two years, the US Treasury Department has continuously announced the announcement, and through official statements issued by it, on the inclusion of a number of Iraqi personalities and companies on the sanctions list, accompanied by convictions of them, related to what it says are crimes and violations in the field of human rights and financial corruption they committed, And also their cooperation with the Lebanese "Hezbollah" and the Iranian Revolutionary Guards. Among the most prominent of these names are the director of the “Islamic Bank of the Country”, the politician Aras Habib, the governors of Salahuddin and Nineveh, Ahmad al-Jubouri and Nawfal Hammadi al-Akoub, the politician Khamis al-Khanjar, the leader of the militia “Asa’ib” Qais al-Khazali and his brother Laith al-Khazali, and a leader in the “Popular Mobilization” Hussein Faleh Lami. This is in addition to the leader of the "Babylonian" militia, Ryan Al-Kildani, the leader of the "Shabak" militia, Waad al-Qud, and the "al-Nujaba" militia, Akram al-Kaabi.
      According to a senior Iraqi official, there are officials in the US Treasury Department convinced of the existence of fraud within Iraq, which enabled those involved in the sanctions, whether Iraqis, Syrians, Lebanese or Iranians, to continue their commercial and financial activities, and to obtain hard currency, which prompted the Americans to include a full paragraph In the second dialogue session, Baghdad calls for reforms to be made. The source pointed out that American officials accuse the government of Adel Abdul Mahdi of not responding to the sanctions, and of allowing many of those listed on its regulations to withdraw funds or transfer funds or carry out sales and purchases through agents and relatives, and with the knowledge of the Central Bank of Iraq and other local banks.
      The Iraqi official also revealed that the Al-Kazemi government will make additional pledges to tighten commitment to US sanctions, and to carry out reforms within the Central Bank of Iraq, and an investigation will be opened with the competent authorities to find out the real reasons behind the failure to implement decisions in this regard may expose Iraq to sanctions. The source acknowledged that there are political and factional influences (armed factions) linked to Iran on the central bank and on other oversight bodies, and that any commitment to the sanctions is considered by the authorities implementing the pressures as labor in favor of the United States.
      Al-Kazemi’s government will make additional pledges to tighten compliance with sanctions, and to carry out reforms within the central bank
      The source emphasized that for these reasons, Al-Kazemi intends to make fundamental changes in the central bank during the coming period.
      For his part, the former official at the Central Bank of Iraq, Mahmoud Dagher, in connection with the "new Arab", stressed his country's commitment to the American sanctions issued against the personalities and companies, stressing that "it is impossible for Iraq not to implement such decisions issued by the American treasury, nor will it risk Not to implement American decisions, as important. Dagher recalled that the Iraqi government "issued a circular to banks under the names of those who were included in the sanctions list, and transfers from them to them were stopped," stressing his country's commitment "to implement such a decision if it was issued against any party or person."
      The former official in the "Central Bank of Iraq" stressed that his country’s failure to implement the US Treasury Department’s decisions constituted an economic risk to Iraq and the Iraqis, which would stop all financial transfers to Iraq, and for this reason the bank is obliged to implement the sanctions issued against the Iraqi personalities, whatever they may be.

      On the other hand, a member of the Security and Defense Committee in the Iraqi Parliament, on the authority of the “Al-Fath” coalition, Karim Alaiwi, said that “his bloc is awaiting a position on the part of Al-Kazemi’s government regarding the rejection of unilateral sanctions against Iraqi personalities and entities.” It has the intention to hold talks with the American side about it, as it is political sanctions, and is not based on any realistic evidence. Aliwi said in an interview with Al-Arabi Al-Jadeed that the Al-Kazemi government should complete this task by rejecting any kind of sanctions that affect any Iraqi figure who is not convicted by the local judiciary, and working to remove names from any American list.

      But one of the members of the negotiating delegation in the first dialogue session, which was held via a television circle last month between American and Iraqi officials, assured Al-Arabi Al-Jadeed that the files of the second session were not definitively determined, and they may be comprehensive due to Al-Kazemi’s presence in Washington and his supposed meetings with senior administration officials. American, but he made it clear that it is primarily about terrorism and strengthening Iraq’s security and military capabilities, the financial and health crises, electricity and strengthening the rule of law, fighting financial corruption and threatening armed groups linked to Iran, and the American military presence. And he considered that the file of Iraq’s commitment to the sanctions imposed on Iran, and on various personalities and parties inside and outside Iraq, would be within the political file that is under discussion with the prime minister.
      Just deputies
      New Arab
      link
  • Testing the Rocker Badge!

  • Live Exchange Rate

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.