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A Road Map For Solving The Financial Crisis !

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A road map for solving the financial crisis


A road map for solving the financial crisis

a member of the House of Representatives, Muhammad Sahib al-Darraji, has proposed a road map to solve the financial crisis.
Given that the economic and financial situation in Iraq has reached the bottleneck stage, there must be solutions applicable to the near and far ranges, and through some of the professional experiences gained in the areas of government executive and parliamentary legislative work, with accumulated experience from working in the private sector and touching the economic and service situation of the Iraqis at various levels. Here I would like to present a short-term road map to contribute to solving the financial crisis and protect the economy of the country must be followed by medium and long-term measures to reform the Iraqi economy and find a clear economic doctrine for Iraq that changes the form of spending and financial resources for the country in a manner commensurate with the societal nature and global ruling conditions for energy prices and the diversity of means Production.
This plan is summarized as follows: -

First: - The general budget
1 - A simple budget for construction and installation must be submitted and approved for the remainder of the year 2020 showing the ruling real revenues and expenditures and what relates to these two items only and the ways of filling the resulting deficit and without touching on any other items.
2 - Building a budget for the year 2021 on a sectoral basis and on a fixed oil price for the operational budget and a mobile for the investment budget, directing the budget for salaries, purchasing the ration and medicines, sterilizing water and the educational process only and listing items that encourage dependence on investment and the private sector to address other sectors so that these provisions govern the budget law All other laws and restrict them in favor of financing the unfunded sectors.
3 - Providing the final accounts for the past years and validating them to know the deficiencies in financing certain sectors in exchange for extravagance in other sectors in order to create an economic balance between the service and productive sectors.

Second: - The cash block:

Withdraw the cash mass stored with the community and try to invest it in an investment through the following: -

1 - Raise the interest rate for cash deposits in banks even if the monetary authority is forced to support the banks.
2 - Establishing projects in which the state contributes a certain percentage and the rest is offered for subscription, especially in projects of city centers (dawn town) and major industrial projects such as petrochemicals (Nebras).
3 - Offering some of the winning companies (or that could win by changing the management tactic) for subscription, such as the air navigation company, airlines, cement, fertilizers, and others.
4- Selling oil coupons locally. At the prevailing price now and buying it a year later at the prevailing price then.
5 - Building confidence between the state and the citizen by committing to pay interest and profits.

Third: - Oil licenses
1 - Negotiating to postpone the dues of oil companies or pay them in kind outside OPEC's share.
2 - Evaluating company spending and reducing them to a minimum.
3 - Re-negotiate in consensual ways with oil companies to improve the terms of contracts for the state when the oil prices drop.

Fourth: - Legislative measures
1 - Revoking the Coalition Provisional Authority's decision to ban the export of raw materials and the export of some materials such as gravel, sand, and others.
2- Requiring the government to start licensing rounds to invest some mineral resources, such as phosphates, and others.
3 - Preparing a new salary scale that takes into account the economic situation and achieves social justice and encourages the employee to leave the job with a set of privileges outside the framework of the job.
4- Prepare a special bill to reduce all allocations granted under previous laws by a certain percentage.
5 - Amending some transitional justice laws and laws that have concessions that are no longer needed.

Fifth: - Governance and automation
1 - The Ministry of Finance issues the e-dinar for the purpose of collecting government revenues and fees and what distinguishes them from being non-negotiable in the market as cash and thus we have reduced corruption in this aspect as well as the state's knowledge of the value of those imports quickly, to be issued by a government bank It is not done through private companies.
2 - Encouraging and organizing electronic payment, obligating banks and institutions to electronic payment, and encouraging sales outlets in the private sector to use electronic payment devices without commissions and ensuring that their accounts are fed by the national exchange in the Central Bank daily.
3 - The necessity of automating the ports and customs and linking them to any process of transferring the dollar or opening bank credits for the purposes of importing and controlling the border outlets and preventing militias and gangs from controlling them.

Sixth: - Monetary policy
A - The exchange rate
1 - Begin to gradually reduce the Iraqi dinar price to reach 1500 dinars against the dollar until the end of the year 2020 and review the economic situation.
2 - And then start another reduction up to 1,800 within 6 months.
3 - Then we study the possibility of deleting the zeros, so we will end with a fixed price of 2 Iraqi dinars per dollar.

B - Methods to address potential inflation and the effects of the devaluation of the Iraqi dinar so that this procedure is accompanied by the following steps: -
1 - Increasing nominal salaries for grades five to nine and increasing the salaries of the social protection network by 12% to reduce the impact of potential inflation on the
 vulnerable classes .
2 - Amending the currency selling mechanism to maintain the hard currency inside the country and that the dollar and other foreign currencies are sold and traded directly in the currency markets or through the stock market in order to get a real price of the Iraqi dinar against the US dollar and that the guarantor of the prices is the value of the available reserve The Central Bank of Iraq has hard currency.
3- Government projects pricing in the investment budget in dollars and financing the exchange units budget for the investment budget in dollars.
4- Setting an import platform, stopping some imports, controlling customs outlets, supporting the tax system and exempting the local product from income tax for a period of two years.
5 - The state imports commercial foodstuffs into the market and injects it into the ration program in the event of high prices.
6 - Supporting fuel for public transport, factories and irrigation projects, and giving high relative importance to the food industries.
7 - Pumping a hard currency to the exchange markets to maintain the price level of the Iraqi dinar, which prevents price fluctuation due to possible speculation.
8 - Activating the role of economic security and entering the relevant government agencies to control the cash rhythm in the currency market and the food market.

Seventh: - State property
1 - Liquidate unexploited government assets from real estate, buildings, vehicles, furniture, etc. by selling them or entering in investment partnerships
2 - Selling overdated lands for those overruns at the same price to give a justification for recovering them from those who do not pay (and vice versa it cannot be recovered and ejecting the exceeders)

Eighth: - The private sector
1 - Increasing the credit ceiling of government banks to give loans.
2 - Activating the central bank loan initiative and easing guarantees for industrial, construction and agricultural projects, while controlling payments and linking them to completion rates and opening credits to move the private sector.
3- Finding ways through joint financing or external borrowing to finance government-funded projects and completing projects with
 high percentages .
4- Reducing the restrictions of letters of guarantee and their expenses for ongoing unpaid advances due.
5 - Displaying productive projects for the purpose of investing them by the implementing agencies in exchange for completing them and entering the service.
6 - Moving the housing fund and real estate bank loans to move the construction sector that withdraws unemployment as it is the largest
employer sector .
7- Increasing taxes on imported commercial products and reducing them from imported raw materials to encourage the national product. 

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White Paper Plan .. Will it be the key to solving the economic crisis in Iraq?



15th July, 2020

The Prime Minister, Mustafa Al-Kazemi, described dependence on oil as a failed experiment that put the state and the government into a permanent embarrassment, and there is a plan to break free from his slavery.

Al-Kazemi emphasized that the lack of funds and the lack of liquidity came due to mismanagement and absolute dependence on oil, and there is a "white paper" plan to reform the financial and administrative system to be free from it. He pointed out that Iraq relies to this moment on oil by 95 percent, and this was reflected in the provision of liquidity and hard currency when prices were subjected to collapse, indicating that the private sector, including agriculture, must take its role in building the financial economic relationship in Iraq and the relationship with society and building job opportunities For the citizen.

Will Al-Kazemi succeed in drawing a new economic policy for Iraq?

The economist, on behalf of Antoine, says, according to a report of the Russian Sputnik, that "dependence on oil is not a failed experiment, but it must be harnessed in other economic sectors.Mismanagement and corruption have brought us to what we are now, and the process of transforming the Iraqi economy from oil-dependent rentier is not With the easy process, it needs talents and an honest government, and in general we should start now better than not starting."

Antoine added: "There is a distorted budget in Iraq, where 75% of it goes to salaries and concessions, which pushes the government towards borrowing and mortgaging oil, and the white paper for the Prime Minister needs to be implemented, and the question is who will implement this paper, which needs an efficient and impartial administrative apparatus to achieve it?" ?, The task is difficult in the presence of forces obstructing any reforms and causing the loss of more than a trillion dollars.

He continued: "The real window of reform is to create a safe environment for investment away from extortion and bureaucracy. Otherwise, the country is moving towards decay, because the government did not benefit from the experience of oil decline in 2008 and 2014, because of the same faces in power, and if no sincere faces came It is difficult then to change the economic direction of the country.”

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The Secretariat of the Council of Ministers confirms the existence of a trend to approve the 2020 budget



15th July, 2020

The Secretary-General of the Council of Ministers Hamid Al-Ghazzi confirmed, on Wednesday, that there is a government approach to approving the general budget for the current year, noting that there is a basic clause in the budget for the current year that includes providing financial allocations for the implementation of Resolution 315.

Al-Ghazi said in a statement seen by Al-Iqtisad News, that “There is a government orientation to approve the general budget for the current year," noting that "there is a basic paragraph in the budget for the current year that includes providing financial allocations to implement Resolution 315 related to handling the contractor file and the procedure."

He added, "The failure to approve the budget has stalled this decision, except for ministries and institutions that have liquidity and financial allocations."    


The Secretariat of the Council of Ministers confirms the existence of a trend to approve the 2020 budget  LINK

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The Ministry of Justice: The issuance of a new issue of the
Iraqi Al-Waqa'iq newspaper, number (4590)

The Ministry of Justice: The issuance of a new issue of the Iraqi Al-Waqa

13th July, 2020


The Ministry of Justice has announced the issuance of the new issue of the Iraqi Fact Sheet, No. (4590), which included a Republican Decree and a number of decisions and statements that were approved by the Presidency.

The director general of the department / agency, Al-six Haifa Shukr Mahmoud, said: The number included the issuance of Law No. (5) for the year 2020, domestic and foreign borrowing to finance the fiscal deficit for the year 2020.
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Baghdad and Erbil set a road map for managing border crossings




Baghdad - Mawazine News,
The Parliamentary Security and Defense Committee confirmed, on Wednesday, that the federal government has developed a road map with the Kurdistan Regional Government to manage border crossings in accordance with the constitution.
"The border crossing points are of great economic importance and their organization is an urgent necessity to maximize the state's economy within the framework of the constitution, and the ports are under the management of the Ministry of Finance and Ports Affairs," said committee member, Harim Kamal Agha, according to the official news agency.
Agha added, "The previous dealings in the outlets harmed the economic resources of Iraq," noting that "the reorganization of the outlets and resources on the basis of returning them to the state treasury is a good thing."
He explained, "The ports of the region were discussed during the previous meetings between Baghdad and Erbil, and an agreement has been reached with the Kurdistan region to develop a road map according to the constitution to manage the ports in the next stage," noting that "the meetings held between Baghdad and the region regarding the issue of border ports were good and in the sessions Previous Territory provided full statistics for Baghdad. "
He stressed, "The region's government is ready to agree with Baghdad on managing the border outlets," explaining that "the view of the federal and Kazemi government is towards reaching an agreement to end the problems, as constitutional mechanisms were discussed in previous meetings and the results were positive and is now towards reaching a final agreement."
Agha said, "There is a visit by a potential Kurdish delegation to Baghdad to complete the dialogues, as these dialogues must continue and have reached tangible progress and made great strides." Ended 6/29 n

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23 minutes ago, ladyGrace'sDaddy said:

These people have so many road maps it's a miracle they can find their butts from a hole in the ground. :facepalm1:

Perhaps This Map Might Help ! :o 




:D  :D  :D 

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2 minutes ago, TexasMike1958 said:

Take Main Street....go about 3 miles south....Turn left on R Ave.....go about a mile and turn right on V Blvd.....Bank is about 2 miles on the left.  Bring dinars with you to cash in...…        😃 



You're gonna need a lot of Dinars to get into that bank, I'm afraid. :huh:

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37 minutes ago, ladyGrace'sDaddy said:

These people have so many road maps it's a miracle they can find their butts from a hole in the ground. :facepalm1:

Well that map drawer must really be a mess with all those road maps. You know how hard they are to fold. 😆

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1 minute ago, ladyGrace'sDaddy said:

According to Thugs all they need to do is pull up their pants :lol:

Not sure yet if they can pull up their big boy pants yet by themselves. 😬

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A former adviser to the International Alliance: Al-Kazimi's visit to Washington may be canceled due to the "closure" of the White House!



Policy 07/15 2020 22:19 1310     

Baghdad today - Baghdad 


, the former adviser to the international coalition, Kazem Al-Waeli, said today, Wednesday, the cancellation or postponement of the visit of Prime Minister Mustafa Al-Kazemi to the American capital, Washington, because of the Corona pandemic. 

Al-Waeli spoke during his hosting on the program (Shortest Roads) , presented by Dr. Nabil Jassem on (Sharqia News) screen about the recent developments regarding the relationship between Baghdad and Washington, saying that "the visit of the commander of the US Army Central Command, General Kenneth McKinsey, to ordinary and traditional Baghdad, which is included in his duties and statements It does not represent the official American mood. "

"McKinsey is a military commander who does not represent the policy of the United States, and perhaps his messages about Al-Kazemi and what he said about an Iraqi desire for the continued American presence to speak in the words of the US State Department, and he cannot say anything without a green light," he added. 

He continued, "I do not think that there is an official decision currently from the Iraqi government requesting the departure of the American forces," noting that "Washington installed the serum system in the American embassy in Baghdad confirms its seriousness in preserving its interests in Iraq." 

"If America wants to get out of Iraq, it will leave and will not remain under the framework of NATO or others."

He noted that "America does not need Iraq, but rather that the latter is the one who needs it politically and economically." 

"There may have been negotiations to legalize the American presence away from combat missions, and perhaps also to stop training missions," he added. 

And that "the American presence at the Harir base in the Kurdistan region may be aimed at protecting the region from any Iranian or Turkish interference."

On the upcoming visit of Prime Minister Mustafa Al-Kazemi to Washington, the former US adviser suggested "delaying the visit," saying that "there is a possibility of closing the White House due to the danger of the Corona pandemic, upon the recommendation of the American Institute of Infectious Diseases, and President Donald Trump will stop receiving any of the leaders because of it." ".

Regarding the assignment of the former Interior Minister Qasim Al-Araji to the duties of the National Security Adviser and the American position towards him, Al-Waeli said that "Al-Araji has acceptance from all sides, and he has proven successful during his administration of the Ministry of Interior in the previous period."


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Political analyst: The United States is able to support Iraq economically with a renaissance project .. Trump will stay for a second term



Policy 7/15/2020 22:06 581     

Baghdad today _ Baghdad  


Political analyst, Ahmed Al-Abyad, confirmed today, Wednesday, that the United States is the only country to help Iraq in its financial crisis, expecting that President Donald Trump will stay for a second term, which requires Iraqi steps to ensure support, according to what he saw.

During his hosting of the program (Shortest Roads) presented by Dr. Nabil Jassem on "Al Sharqiya News" channel , Ahmed Al-Abyad stated that "the United States chose former Prime Minister Adel Abdul-Mahdi between lining up with it and obtaining assistance or going to Iran, then they discovered that he was forced to To be under the umbrella of Iran, "noting that" Al-Kazemi is in the middle of the road until now, not with Iran or with America. " 

Al-Abyad added, "Prime Minister Al-Kazemi has two paths, either as a postman between countries on his upcoming visits to Saudi Arabia, Iran and America, or with an Iraqi national project," calling on Al-Kazemi during his upcoming visit to Tehran that "he requests a bilateral dialogue that takes into consideration common interests with Baghdad." ".

He continued, "The current indications indicate that Trump will remain for a second term and this threatens Iranian interests, and we believe that Iran will eventually concede for the sake of its interest," noting that "the United States is able to support Iraq with a renaissance project that needs Iraqi vision and political will to advance its economy."

And on the status of Iraq in the list of high-risk countries financially by the European Union, political analyst Ahmed Al-Abiad said that this means "depriving Iraq of financial transfers between banks, and only Washington is able to support Iraq in this aspect." 

Regarding the issue of removing American forces from Iraq, Al-Abyadh said, "I do not think that Al-Kazemi will risk moving ahead not to implement the decision to withdraw American forces, because he will face perhaps withholding confidence in Parliament, because there are blocs insisting on implementing the resolution, which is capable of collecting a majority of 165 votes."


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1 hour ago, DinarThug said:

Regarding the issue of removing American forces from Iraq, Al-Abyadh said, "I do not think that Al-Kazemi will risk moving ahead not to implement the decision to withdraw American forces, because he will face perhaps withholding confidence in Parliament, because there are blocs insisting on implementing the resolution, which is capable of collecting a majority of 165 votes."


thanks for all the articles thugs, hope that analyst is wrong...  usa imo only thing keeping iran in check in iraq they are already over run with iran sympathizers in parliament , if iraq really desires Instability kick US / Coalition forces out .. we wait 

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Rafidain Bank launches the salaries of the social protection



21:53 - 07/14/2020


Rafidain Bank announced, on Tuesday, the launch of the salaries of the social protection network.

The bank’s media office said in a statement received / information / that “the salaries of the social protection network for men and women have been paid.”

He added, "Those covered by the salary can receive it wherever they are." 
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This part cracks me up "withdraw the cash mass stored in the community"  How do

we do this? We offer higher interest rates on deposits. This is NOT FDIC insured accounts.

Who in their right mind would give their chunky money to this bunch of crooks? Item #1 sets

the tone of the whole plan. Wishful thinking...Lol 

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5 hours ago, DinarThug said:

Political analyst: The United States is able to support system" rel="">support Iraq economically with a renaissance project .. Trump will stay for a second term



Policy 7/15/2020 22:06 581     

Baghdad today _ Baghdad  

 ☆ Excerpt by me ☆

...He continued, "The current indications indicate that Trump will remain for a second term...

..."the United States is able to support system" rel="">support Iraq with a renaissance project that needs Iraqi vision and political will to advance its economy."



This seems like the juicy tid bit.


Trump, the get 'er done president extraordinaire!!!!



POTUS probs already has a game plan all figured out... including a slew of contingencies to boot!


If anyone can resusitate an economy...the "Trumpinator" can.


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Parliamentary Finance: The government's statements approving the budget are unrealistic

19:07 - 07/15/2020

On Wednesday, the Parliamentary Finance Committee criticized the government statements about its actions, not the budget decision 2020, affirming the government's lack of revenue and expenditure estimates and the lack of proven oil prices.

Member of the Finance Committee Ahmed Hama told Al-Maalouma that the governmental statements about its intention to approve the 2020 budget and send it to Parliament are unrealistic and have nothing to do with reality.

He added that "it is not possible to approve it in the absence of fixed oil prices, as well as the government's lack of estimates of expenditures and revenues."

He explained that "the House of Representatives is in a legislative holiday that ends on the third of September next," noting that "the best solution for the current stage is to approve the final accounts and move to prepare a draft budget for 2021." 

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Economist: Investing in the infrastructure file is enough to solve the financial crisis for Iraq

09:54 - 07/16/2020

Between the economist, Wissam Al-Tamimi, that investing in the infrastructure file is enough to solve the financial crisis for Iraq, pointing out that many local or international companies are available and can be relied upon to establish the infrastructure and collect its wages from citizens.

Al-Tamimi told Al-Maalouma that the housing crisis will remain in the absence of services and infrastructure for residential areas and lands that the state distributes to employees and citizens.

He added that "the elimination of the financial crisis is subject to activating investments and bringing efficient or local international companies with a view to introducing infrastructure in residential areas and new lands, provided that their wages are collected from the residents of those areas and with comfortable installments."

And that "most countries of the world do not possess oil, and depend on revenues from services, infrastructure, housing plan and sale of lands to citizens, in addition to industry, trade, agriculture and tourism, but the infrastructure file is necessary in Iraq for the sake of citizen comfort and achieving a great return for the state." 
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Finance directed to distribute the salaries of employees before Eid al-Adha

18:14 - 07/16/2020

On Thursday, the Ministry of Finance directed the launching of state employees salaries for the month of July, starting next week.

The ministry said, in a statement received / information / that "after the salaries were secured for the month of July according to the internal and external borrowing law for the year 2020, the ministry seeks to distribute salaries according to the schedule, the timing of each ministry."

She added, "The distribution will be from next week until before the blessed Eid Al-Adha."

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Finance Minister: More than 10 percent of employees are aliens and double-payers


16th July, 2020

Finance Minister Ali Allawi said on Thursday that Prime Minister Mustafa Al-Kazimi's visit to Saudi Arabia next Monday will witness the signing of agreements he described as "the task", while revealing that more than 10% of the employees are "aliens" and double salaries

Allawi said in a statement to the Saudi "Al-Hadath" channel, which was followed by "Al-Iqtisad News", that "the ports will be opened with Saudi Arabia soon for commercial exchange," noting that"important agreements will be signed during Al-Kazemi's visit to Saudi Arabia on Monday

In a separate context, Allawi added that "it is not possible to charge the Al-Kazemi government what Iraq is going through with financial problems," going on to say that the government "is fighting corruption with full force in all state institutions

Allawi added, "More than 10% of the employees are aliens with dual salaries," pointing out at the same time that "the economic situation is bad and we are working to strengthen it through non-oil resources


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Parliamentary Finance: Yesterday's meeting was consultative and did not produce any results

12:35 - 07/16/2020

Parliamentary Finance Committee confirmed, Thursday, that yesterday's meeting was consultative to discuss issues of the results of some of the committees formed by the committee, indicating that “the committee will continue its meetings after the end of the legislative holiday.

Member of the Committee, Representative Jamal Cougar, said in a statement to "Information", the House of Representatives and its committees are currently suspended due to the parliament enjoying the legislative holiday, but the Finance Committee held yesterday a consultative meeting on talking about several issues.

He added, “The meeting did not come out with decisions because it was a consultative meeting where the articles that were to be amended by the retirement law were talked about, especially in terms of the financial aspect. Also, some of the results of the committees set up by the committee were presented, and then the government dealt with the borrowed amounts and followed up on the government’s request for the loan from International Monetary Fund." 
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    • By DinarThug
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      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
    • 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...
      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.
    • 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.
    • 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

      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
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