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5 hours ago, DinarThug said:

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

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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."

 

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Parliamentary Finance: The Delay In The Distribution Of Salaries Is Due To Scrutiny In The Double Salaries

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6th July, 2020

The Parliamentary Finance Committee suggested that the delay in the distribution of salaries of some ministries should be due to the scrutiny in the double salaries.

Jamal Kujer, a member of the Finance Committee in the House of Representatives, said in a statement affiliated to the Independent today, Monday, that “the House of Representatives gave the government the power to borrow immediately according to the borrowing law that was voted upon and that contains an article stipulating that the law will be implemented immediately after voting on it,” indicating that ”these loans are internal and hence the delay in the distribution of salaries is unjustified.

He added, "The arrangements for the distribution of salaries need a week to be completed, but if the government has reforms, it must announce them and be with the approval of Parliament."

Cougar suggested that "the reason for the delay is the double salaries that the government seeks to check and stop their salaries", calling on the government to "clarify the reasons for the delay, especially since the employee has many obligations."

In turn, Member of the Committee, MP Mohammed Al-Darraji, confirmed in a statement that the Independent received a copy of it, “There is no validity in salary delays due to the delay in converting the currency. He added, “On the basis of that, the cash liquidity in the Central Bank has been launched for the main banks (Al-Rafidain, Al-Rashid and TBI) and a notification must be received from the Ministry of Finance to the mentioned banks to release the salaries of employees.”

He added, "There will be no problem during the next three months because of the presence of internal borrowing," noting that "we are looking at oil prices and the reform plan that the Minister of Finance promised to present."

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Banker: The internal debts are settled annually


Tuesday 07 July 2020

alsabaah-39392.jpg
 

Baghdad / Soha al-Sheikhly 

 
 
Some countries need borrowing or internal and external borrowing for several reasons, to enhance their operational budgets every year, and these debts are settled annually, and in Iraq the internal debt is a withdrawal of cash from non-banking circles such as the protection and retirement network and the management of minors' money through bonds of various terms It is proposed by the Ministry of Finance and the Central Bank to finance the temporary budget deficit. 
 
Internal debt 
The banking expert, Abd al-Rahman al-Sheikhly, affirmed the positives of the internal debt by saying that it is "better than the external debt, even if the ratios are high, but its returns will be inside, meaning that the profits will be from and to it." Sheikhly explained to "Al-Sabah" the reason for resorting to internal and external debt at this time by saying: It is "because of the financial hardship that the country is going through, in addition to previous debts that have not been paid, and that countries resort to external debt because it is long-term, but internal debts are settled annually." So it is safer and less dangerous. " 
According to Al-Sheikhly, “In Iraq there are 3 large government banking institutions that have high cash liquidity represented by both the Rafidain Bank and the Rashid and the Iraqi Commercial Bank (TBI), along with 72 private banks, most of which are Islamic, meaning that they deal without interest, and that relying on borrowing from the latter is very difficult.” .
He explained that "the conditions that were passing through the country during the past recent years have negatively affected the liquidity of private banks, and therefore we need to deal in negotiable securities in the stock market, which achieves benefits to citizens after one, two or three years," explaining that this type of borrowing is resorted to. To him many countries are in financial crises, and this is a possible method, as Iraq adopted it in the eight-year war. 
 
Chunky money 
Sheikhly pointed out, "The necessity of dealing with the issue of chunky money among citizens, and the internal debt allows the movement of these money and will be included in the financial economic institution through financial channels and the economy will move, and this is also positive."
He pointed out, "There is another benefit, which is that we will notify the citizen of the existence of a movement for these funds that can be used from them, because they will establish a state of trust, because if the citizen possesses bonds of internal debt, he can trade them at prices that will enter the stock market and be sold at a discount or interest rate, so if He had bonds and he needed money, he could sell half of it and turn it into cash, but the buyer must realize that it is suspended, meaning that it is guaranteed to pay with interest when the payment comes due, and the sale will be through the stock market. 
 
Downsides
And Sheikhly warned against getting money laundering operations in this way and using the internal debt to pass this money, or using the corrupt to the window to sell money to smuggle the money abroad through manipulated bills, but when we provide them with an opportunity for internal debt we must be keen to apply the criteria (from where You got this) and (I know Your customer). "
"Of course we borrow from banking institutions and not from people, and these institutions will sell them bank bonds, but before selling them to the citizen, we must ascertain the source of the funds. Is it legitimate and is it his real money?"

link

 

Edited by DinarThug
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On 7/5/2020 at 11:02 PM, HeyJonesy said:

Hey psdon, 

Just have just been a quick glitch..   Just tried it on XE below. 

iqd.JPG

PS no this *** Unfortunately we are not able to provide money transfer from IQD to USD at this time.***

they never said that before .NO MONEY TRANSFERS

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On 7/5/2020 at 10:21 PM, DinarThug said:

LINK

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.

 

 

I'm torn on this one. While I'm enjoying and everyone else is the low gas prices, If it needs to be $60 a barrel for an RV then so be it. However, we've been here before with it being higher than that and still no RV.

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High and low prices

Tuesday 07 July 2020

 

A marine star
 
 

Markets may witness from time to time an increase in the prices of consumer goods and commodities, despite their availability and offering in a sustainable manner ... amid shrinking demand for them in a similar way to what was on several occasions .


Many consumers believe the motives of this phenomenon are due to the decrease in the commodity supply due to the delay in its delivery to the citizens directly (not far from what happens due to "Corona" for months and still) and also because of the delay in the distribution of the ration items) in the whole country, which allowed the opportunity to increase the prices of many consumerism materials .

A number of consumables witnessed an increase without any justification mentioned, and when we asked many vendors about the motives for raising the price of meat, for example, they mentioned that the reason is due to (the smuggling of sheep and cattle to the outside) and that there are many popular markets known to see high materials prices  .

The absence of tax control and evading customs is one of the reasons for the different prices of the goods themselves, and through our question to the merchants it is clear from their answers that some of them are obliged to pay the tax and customs duties at the border outlets and the integrity of their position, which makes the price of the goods themselves less price when who might enter them bypassing the tax and customs .

In fact, most sellers and merchants, without fear of conscience, do not take into account cases of people with the limited  income .. 

From the conclusion of this survey, we realize that the local markets are plagued by confusion and the loss of controls and price bases set by state agencies, which reflects negatively on citizens with limited incomes, and that the continuation of this situation will inevitably lead to (depletion of cash liquidity in the Iraqi street).

And if we know that the current low oil prices led to the deterioration of the abnormal monetary reality, in which we call on the government to confirm its serious interest in putting an end to (the price crisis that is not restricted by the foundations and official controls), and as required by it to activate the structure (the central price system) in its role is Actor since the fall of the regime in the year 2003.

LINK

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"Finance": two billion dollars a month, the cost of salaries of aliens and double-salaries

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6th July, 2020


The Parliamentary Finance Committee stated that space and double-salaries cost the state up to two billion dollars, which forces it to secure only 5.5 billion dollars per month in salaries.

The semi-official Al-Sabah newspaper reported in its Tuesday edition of the committee that Parliament has set 60 days for the government to introduce reforms in which it needs the support of Parliament, and that the only obstacle that could hinder its steps is the presence of people and parties who do not want the government to proceed with the reforms, therefore it must request the support of Parliament in its reform steps, which is the best opportunity to prove to the people and the authority that it came to the reforms.

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Mesopotamia announces the payment of salaries of employees of the Ministry of Interior through the Master Card

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7th July 2020
 

Rafidain Bank announced, Tuesday, the release of salaries of employees of some directorates of the Ministry of Interior through the Master Card

The media office of the bank said in a statement seen by "Al-Iqtisad News", that "for the first time, the salaries of employees of the directorates of the (Federal Police - Public Traffic - Rescue - Civil Defense) for the month of June were electronically distributed through the Master Card and those whose salaries were settled on our bank

He added, "The salaries of the employees of the Ministry of Interior have also been launched at the headquarters," noting that "associates can receive their salaries from anywhere they are

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6 hours ago, siberian_shaddow said:

Much Appreciated Thugs, Institutional Performance Update, got to say sounds more like a New E.D. medication 


Hopefully They Bought This Stolen Shipment For Their ‘Flaccid’ Currency ! :o 

 

image.jpeg.a8452938f577722ea73b4c548e51fa64.jpeg

:D  :D  :D 

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In numbers ... {The expenditures versus oil imports} Parliamentary finance reveals the budget deficit

In numbers ... {The expenditures versus oil imports} Parliamentary finance reveals the budget deficit
 
 
7/7/2020 13:07:31
 
 
Member of the Parliamentary Finance Committee Muhammad al-Darraji revealed a budget deficit by calculating monthly expenditures against imports of oil sales within three months. Al-Daraji stressed "the importance of being honest with the people so that they are familiar with the financial and economic situation, as shown below:

First: We need an average of seven trillion and three hundred billion dollars a month (very ruling banks), and we divide them as follows:

1 - Five trillion and twenty six billion 5.26 dinars ((salaries + social protection).


2- Seven hundred 700 billion dinars each month, as an average of expenses for oil companies ((licensing round))

3- Seventy 70 billion dinars each month, the cost of oil extraction for national companies

4- Four hundred 400 billion dinars ((ration and wheat))

5- Five hundred and thirty-six 536 billion dinars The cost of paying the debts payable

Second : monthly oil income.  We will take a rate for the past three months (and we do not have any other resource mentioned to increase financial revenue.) As follows:

1- April 2020 revenue ((1.4 billion dollars))

2- May 2020 revenue (approximately ($ 2.1 billion))

3- June 2020 revenue (($ 2.8 billion))

So the sum of the three months is ((6.3 billion dollars)), that is, nearly seven and a half seven, 7.5 trillion dinars.

He added: "So the ruler's expenses for a period of three months equals twenty one trillion nine hundred (21.9) billion dinars compared to imports for the same period equal to seven and a half 7.5 trillion dinars, meaning that the deficit for three months is 14.4 trillion, or the monthly average of the deficit is four trillion And eight hundred billion (4.8 trillion) dinars."

He continued: "Therefore, internal borrowing of 15 trillion dinars will guarantee salaries and expenses only 3 months if the rate of revenues remains the same and without rationalizing spending. Therefore, the government must submit an urgent plan to reform the economic situation as quickly as possible because it cannot resort again to borrowing because the public debt exceeded Economically allowed ceiling." 

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The Central Bank signs a memorandum of cooperation with the Securities Commission

The central bank signs a memorandum of cooperation with the Securities Commission
 

7th July 2020
 

The Central Bank of Iraq signed a memorandum of cooperation with the Securities
Commission on Tuesday morning.
 
The memorandum included the possibility of exchanging the available information available
with the Central Bank and the Securities Commission, in addition to coordination in the field
of legislation and regulatory and regulatory standards for bodies subject to the control of
both parties.
 
The Central Bank of Iraq
information Office

July 7, 2020
 

file-159411151988439.jpg

 

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The central bank signs a memorandum of cooperation with the Securities Commission  LINK

##########

The central bank signs a memorandum of cooperation with the Securities Commission  LINK

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Confirming the generalization of exchange companies of
categories (A and B)

jvoz6h5iknGfeBFu8Aty5XaX0IF5wfD0_BKBToDO
 

7th July, 2020

To / A / B exchange firms (merger)

The director of the Compliance Supervision Unit of your companies performs the
supervisory and supervisory role to ensure that your companies comply with the
instructions and controls of this bank.

 

Providing an accounting system capable of issuing reports that include all the
activities of the company and its subsidiaries and that is linked with the branches
electronically.

 

Providing internationally approved money laundering and terrorist financing systems.
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A deputy surprised that Iraq imports oil derivatives at 20 billion dollars annually and considers it corruption

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7th July, 2020
 

Member of Parliament Salam Al-Shammari expressed his surprise on Tuesday that successive Iraqi governments import oil derivatives from abroad at $ 20 billion annually, especially that Iraq is at the forefront of oil countries, noting that the competent authorities are still looking at the final budgets of the government of Haider al-Abadi.


Al-Shammari said in a televised statement, followed by "Al-Akhbariya", that "successive and even current governments annually import oil derivatives at $ 20 billion, despite Iraq having oil", considering that this is known corruption among all political blocs.

He added that "Iraq can within one year only export refined oil by entering oil refineries and granting investment licenses to major companies in this field to stop wasting about 25% of the Iraqi budget."

Al-Shammari said that "the closing budgets are one of the facets of corruption," surprising that "the competent authorities are still working to audit the budgets of the government of Prime Minister Haider al-Abadi, who left power two years ago, which raises many unanswered questions."

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An invitation to reinstate a previous decision to collect customs duties

1594102235_maxresdefault.jpg

 

7th July, 2020

Today, Tuesday, member of the House of Representatives, Muhammad Shi'a Al-Sudani, called for the re-implementation of a previous decision to collect customs duties.

The Sudanese said: "The former Prime Minister Haider al-Abadi issued a decision to confront the financial crisis in the year 2015, which included linking the process of selling the dollar to the window for selling currency in the central bank by collecting tax and customs fees."

The Sudanese added that "the decision required any commercial or importing bank to put 5% deposits in the central bank until the imported material is entered and the fees are paid with the receipts and the settlement is completed."

 He continued, "The implementation of this decision has achieved financial revenues estimated at about 560 billion dinars within 45 days, or an average of 373 billion a month."

Al-Sudani indicated that "this procedure did not continue, as a result of the control of influential bankers and customs outlets that were damaged because corruption and bribery had stopped."

It is reported that Prime Minister Mustafa Al-Kazemi had held a meeting earlier to discuss the reality of the border outlets and ways to improve their performance in order to achieve the implementation of the government program strategy and enhance state revenues in light of the financial and economic crisis.

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An atmosphere of optimism in Lebanon after visiting the Iraqi delegation

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7th July, 2020


Speaker of the Lebanese Parliament, Nabih Berri, has created an atmosphere of optimism in the country that is stricken by economic and financial crises, by suggesting that "what was announced about the visit of the Iraqi ministerial delegation is encouraging, and unless more encouraging is announced."

Berri included the results of the Iraqi delegation's visit to Lebanon in the field of great importance in the process of assisting Lebanon, and was quoted as saying in the context of his evaluation of it: "What has been announced about the delegation's visit is encouraging, and what has not been announced is more encouraging."

The Lebanese Parliament reflected the satisfaction of Berri with the visit of the Iraqi ministerial delegation to Beirut. She described the visit as extremely important and formed a basis on which to serve the interest of Lebanon and Iraq at the same time.

The circles of the Lebanese Parliament Speaker told the "Republic" newspaper that Berri hopes that the government steps will continue at this stage of facing the crisis, and the basis is to curb the price of the dollar and deter the manipulators of the national currency.

According to these circles, the priority is for the government to take action and achieve what is required of it at this stage, and it has a lot to do. Especially in the area of reforms that all possible aid to Lebanon is linked to its completion.

Lebanese media reported on July 3 that its Prime Minister, Hassan Diab, had met an Iraqi ministerial delegation that included the ministers of agriculture, education, oil and industry.  Those means said that the two sides discussed the exchange between the two countries by importing Iraqi oil in exchange for Iraq’s import of Lebanese industrial and agricultural products and others.

A source in the Iraqi Ministry of Industry told Shafaq News to visit the delegation, which is focused on concluding an agreement with Lebanon regarding the import of agricultural and industrial products in exchange for Iraqi oil.

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

Berri on the visit of the Iraqi delegation to Lebanon: What a fan announced was, and no more fan announced!  LINK

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Economist: The government created the financial crisis and oil prices started to rise

%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9
 
 
08:30 - 07/07/2020

 

Among the economic expert, Wissam Al-Tamimi, that the government created the financial crisis and there is no justification for the continuation of external or internal borrowing until the end of this year, pointing out that oil prices have started to recover and Iraq may need small amounts of funds that can be available internally to meet its need.

Al-Tamimi told Al-Maalouma that the financial crisis was not as large as the government promoted, despite the Minister of Finance's assurances that there is a lack of financial liquidity.

He added that "the recovery of oil prices confirms the disappearance of the financial crisis and its transcendence without continuing with the borrowing policy approved by Parliament, especially as Brent crude exceeded the barrier of $ 43 a barrel in the trading of the past days."

And that "the financial crisis is contrived by the government for perhaps political ends, but there is no longer a justification for continuing to promote it with the recovery of oil prices and the return of the global market to work again," noting that "there is an unprecedented demand for oil that the world will witness in the coming days or months, Where factories and factories in different countries of the world will return strongly to the market to impose themselves and competition again. 

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A voice of reason cries out in the Universe ! 

 

He continued: "Therefore, internal borrowing of 15 trillion dinars will guarantee salaries and expenses only 3 months if the rate of revenues remains the same and without rationalizing spending.

 

Therefore, the government must submit an urgent plan to reform the economic situation as quickly as possible because it cannot resort again to borrowing because the public debt exceeded Economically allowed ceiling."    

I CERTAINLY HOPE SOMEONE IS PAYING ATTENTION ! ! !

Edited by horsesoldier
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      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
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