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Iraq Begins Paying Its debts To Iran With Goods !


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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

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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.

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I hear the Democrat Party is recruiting Iraqis to vote by mail in the coming American Election. They are going to pay them for every vote cast for Joe Biden. Iraqis have the skills! Many receive 5 Sal

LINK Parliamentary Finance: The government is obligated to pay salaries on time .. Borrowing procedures are slow     14:24 - 07/25/2020

It appears that the gravey train may be making its last stops.  Toot.

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Security forces seize 14 outlets and block passages with earthen mounds and trenches

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7/25/2020 08:33:36 PM
Baghdad / extent

 

The government continues its campaign against armed and outlaw groups in border crossings, and has imposed control over 14 outlets so far, amid harassment by influential political parties to block work.

Yesterday, Saturday, the Joint Operations Command announced that it had begun to allocate security forces to all outlets, and the size of the assigned force would be according to the nature of each outlet.

To date, control has included 4 naval outlets, which are Umm Qasr Al Shamali, Umm Qasr Al Janoubi, Umm Qasr Al Awsat, Khor Al Zobair, and 10 land outlets, which are Shalamcheh, Badrah, Al Munthiriyah, Safwan, Al Qaim, Trebil, Al Shayb, Zarbatiyah, Abu Flus, and Arar.

The Operations Command stated in a statement it received (Al-Mada) that "this came according to the directives of the Prime Minister and Commander-in-Chief of the Armed Forces, Mustafa Al-Kazemi, to control all border crossings, law enforcement in them, combating abuses and corruption and wasting public money."

The leadership indicated that "these forces are empowered with all the legal powers to hold accountable any violation or from any party whatsoever."

Last Thursday, the Parliamentary Security Committee hosted the Chairman of the Border Ports Authority.

Nasser Youssef Harki, the rapporteur of the Parliamentary Security and Defense Committee, said in a statement to (Al-Mada) that "the goal of hosting is to review the government plan that was put in place to control the ports," noting that "the head of the Ports Authority has problems and obstacles represented in the presence of employees in the ports for more than Five years, which helped to spread corruption. "

Harki added his speech, saying that "Chairman of the Border Ports Authority Omar Al-Waeli asked the political forces to support the Prime Minister's decision to extend full control of the authority to all border crossings," adding that "controlling the border crossing points is part of the reform plan that the government has begun to implement."

Last June, the government of Mustafa Al-Kazemi prepared a white paper for reforms, including economic, financial and administrative reforms that will aim primarily to control land and sea border ports (ports) and air.

The MP from the Kurdistan Democratic Party bloc adds that "the government's program aims to regain control of all Iraqi border outlets," stressing that "there are inconveniences by political parties against the government campaign to regain control of the border outlets."

For his part, member of the Security Committee, MP Saad Maya Al-Halfi, said, "One of the most important causes of corruption in border crossing points is the spread of illegal crossings and the multiplicity of departments affiliated to the ministries of finance, interior, health, transport, trade, planning, tourism, etc. The number (14) is in the customs campus and the interference in Powers and non-administrative and technical association with the Border Ports Authority. "

In a statement, Al-Halfi called for "the necessity of taking a decision by the Prime Minister to link the work of government departments with the Border Ports Authority and introduce modern technology to control the movement of people, materials and goods entering and leaving the country through the ports and tightening control over them and not compromising the accountability of those who waste public money."

He stressed the importance of submitting all land border, sea and air points to the authority of the central government, including the central, eastern, western, southern and northern ports alike, as well as the closure of illegal crossings, which are considered one of the most important gaps affecting the security of the country and its national economy.

The prime minister's move to restore the state to the border outlets was widely welcomed, and calls were launched to launch similar operations targeting all outlets and return them to state authority.

The government was losing control of six border outlets on a daily basis from four in the afternoon until eight in the morning the following day in favor of armed actors.

Armed parties also control unauthorized outlets that enter goods, merchandise, corrupt drugs, and even forbidden materials such as drugs into Iraq in coordination with influential figures.

For his part, another member of the Parliamentary Security and Defense Committee shows that "the border outlets are among the most important financial tributaries, and therefore there has become a great interest on the part of the government in the sea and land ports," noting that "the Prime Minister's visit to some of the outlets is a message that the government is interested in these Border crossings. "

"There are a number of border outlets that have become secure in the presence of military forces that maintain the security of these outlets," said Kata al-Rikabi, a member of the Parliamentary Security Committee. "But what is regrettable is the problem that occurred in the Zurbatiya outlet, which was bad for the general situation regarding For border crossings. "

Merchants and merchants beat and swore insults at the employees of the customs office in Zurbatiyah, Wasit, a few days ago. The General Authority of Customs issued a statement condemning the attack, noting that the employees were severely beaten and torn the clothes, as well as abuse by insults by the customs brokers working in the port without interference from the authorities responsible for the security and protection of the port despite their presence during the accident. Later, instructions were issued to arrest the abusers.

He believes that "the government will have an appropriate action to limit the occurrence of such problems and actions by some irresponsible parties," stressing that "the head of the Ports Authority confirmed in his hosting of the Parliamentary Security Committee that they have a plan to monitor all ports."

And Iraq is linked through 24 land and sea border ports with the six neighboring countries, namely Kuwait, Saudi Arabia, Jordan, Syria, Turkey and Iran, and its imports exceed 12 billion dollars annually.

Al-Rikabi confirms that "the government has controlled, until this moment, a number of outlets that are now managed by the Ports Authority, and security forces have been distributed to these outlets." To other ports. " In a related context, the Ministry of Defense, reported that the Basra Operations Command, has begun the process of securing the perimeter of the Shalamcheh outlet.

In a statement, the Ministry said that the Basra Operations Command began constructing a trench and an earthen curtain to cut the roads that were used for smuggling operations.

The statement added: "The work will continue until all dirt roads are cut and the Shalamcheh outlet is made one entrance and exit way."

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Maritime transportation revenues increased for three consecutive months

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24th July, 2020

Minister of Transport, Nasser Hussein Bandar Al-Shibli, announced on Friday, the increase in maritime transport revenues for three consecutive months and achieving an increase that reached (57,369,500,951) dinars during the past months of April, May and June.

The media office of the ministry said in a statement received by / Mawazine News / a copy of it, that Al-Shibli stressed "achieving a qualitative leap in revenues in an unprecedented way compared to previous years despite the natural circumstances of those years," adding that "revenue ratios for the past year amounted to (22, 595158621) dinars, and that the increase in revenues this year will contribute to supporting the state treasury through the percentage set by the Companies Law 22 of 1997, especially in light of the outbreak of the Corona pandemic and the deterioration of the economic situation.

For his part, General Manager of the General Company for Maritime Transport Mohiuddin Al-Emara clarified that "the rate of increase in revenue reached 150%, an increase that has not been achieved since the establishment of the company," noting that "what the company has achieved during the past three months confirms the authentic stopping of the company’s owners who They did not stop work until Fridays and public holidays in order to maximize revenue that would reflect positively on the state treasury.”

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2 hours ago, DinarThug said:

Member of Parliamentary Finance: The government secured the salaries of July, August and September ... The date for distributing them this month before the holiday is inevitable

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Economie 2020/25/25 21:28 675 Editor: ht   
Baghdad today - private 

 

Member of the Parliamentary Finance Committee, Jamal Cougar, revealed on Saturday, July 25, 2020, the date of launching the salaries of state employees for the month of July, indicating that the government has the financial liquidity to pay salaries. 

Cougar said in an interview with him (Baghdad today), "The government cannot back down or deny the covenants it has made, including paying employees salaries before Eid al-Adha, which falls on Friday." 

He added, "The government secured the employees' salaries for 3 months through internal borrowing."

Cougar added that "the salaries of the month of July will be launched during this week, as the government promised, without delay, as happened in the past two months." 

On Thursday (July 23, 20020), the Minister of Finance, Ali Abdul Amir Alawi, directed the Accounting Department to pay the salaries of employees and retirees early next week. 

The Iraqi News Agency quoted Allawi as directing the accounting department in the ministry to pay the salaries of employees and retirees early next week. 

The central bank announced, last Wednesday, the insurance of employee salaries for the current month of July, confirming its launch in one payment before Eid Al-Adha. 

The official agency quoted the bank as saying that "the salaries of employees for the month of July are insured and will be launched in one payment before Eid Al-Adha."

It is noteworthy that the salaries of employees for the month of last June were delayed for two weeks or more due to the financial deficit faced by the public budget due to the effects of the Corona pandemic on the decline in oil prices, according to official sources.

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Parliamentary Finance: The government is obligated to pay salaries on time .. Borrowing procedures are slow

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14:24 - 07/25/2020
 
The Parliamentary Finance Committee, Dill, asked the Ministry of Finance to keep its promises to pay salaries during the current month and the next three by making funds available through some financial reforms, increasing oil prices and internal borrowing, indicating that the government's borrowing procedures are still slow.

Member of the Committee, Representative Jamal Cougar, said in a statement to "Information", that "it is a pretext for the Ministry of Finance regarding the payment of salaries to those who are entitled to them at the specified times and schedules, and they must abide by what they promised."

He added that “the funds are currently available with the Ministry of Finance and they have an obligation to pay salaries according to the monthly entitlement of each institution.” He explained that “recent financial reforms have provided the Ministry with good money, as well as an increase in oil prices and internal borrowing.”

Cougar pointed out that "the government's actions regarding external borrowing are still slow and can accelerate borrowing from neighboring countries that have declared their readiness to support Iraq, provided that the benefits are easy." 
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Public Finance meets to discuss the budget and the reasons for the delay in salaries

 two hours ago
 
 
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The Parliamentary Finance Committee decided this week to host the Minister of Finance to discuss the reasons for delaying the distribution of salaries of employees and retirees and not to send the 2020 budget.

“The committee is trying to open communication channels with the Ministry of Finance,” the committee’s rapporteur, Ahmed Al-Saffar, said in a statement to the official newspaper. However, the latter does not respond seriously to the committee to discuss several financial files.

He pointed out that "the committee will discuss with the Minister of Finance, the Undersecretary of the Ministry and the Director General of the Accounting Department via a television circle the reasons for these delays, as well as discussing the conditions of salaries of free lecturers and contracts, as well as other outstanding financial files."

He added, "This discussion will discuss these files with the Ministry officials in detail to find solutions to them. In the event that the Minister of Finance does not attend the meeting, the committee will be obliged to hold a meeting after the blessed Eid Al-Adha to take decisions on that."

It is reported that the House of Representatives has held up many of its sessions due to the Corona pandemic, including those related to the discussion of financial files, and it is hoped that it will resume its work after the Eid holiday.

https://takadum-news.com/المالية-النيايبة-تجتمع-لبحث-الموازنة/

 

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Deputy: We will investigate criminals who stole the people's money and deprived them of electricity and the Gulf connection. It will not solve the problem

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Policy 7/20/2020 18:00 464     


Baghdad today - Baghdad ,

 

the representative of the Iraqi Alliance, Hussein Arab, said today, Saturday, July 25, 2020, that the parliamentary investigation committee for the electricity file in Iraq will investigate two files that increase the suffering of the Iraqis in light of the continued power cuts, while the Gulf connection was considered a little solution. the influence.

Arabs said in a televised interview I followed (Baghdad today), that "the Gulf connection is a simple part of the solution and not a radical solution," noting that "there is a real desire to supply Iraq with energy and the matter needs at least 3 months."

He continued, "The level of electrical energy granted by the Gulf Linkage is not significant, and it can supply a few areas near the border with the State of Kuwait with electrical energy." 

He added that " And that "the level of money spent on electricity since 2003 could have made Iraq a source of electrical energy and not an importer of it, as is happening now." 

He pointed out, "There are two files that are similar to a lot of corruption, which are the files of the collection and service companies and the file of the Anbar power station," stressing, "and they will be at the forefront of the topics in which the parliamentary investigation committee for the corruption of electricity in Iraq will be investigated." 

Those involved described these files as "criminals who stole the people and redoubled their suffering."

And revealed the Ministry of Electricity, on Friday, the mechanism of the agreement concluded by Iraq with the Gulf Linkage Authority, while indicating that the first stages of the Gulf linkage is to supply Basra with 500 megawatts. 

"The first stage of the agreement signed by Iraq with the Gulf Linkage Authority states that the Basra Governorate is provided with (500) MW through the power transmission lines, which are the old Faw plant and the new Faw , As well as the establishment of the FAO transformer station (400 kv). 

He pointed out that "the agreement stipulated a number of obligations that fall on the Iraqi side, and another on the Gulf side," stressing that "Iraq has completed 80% of these obligations."

And Al-Abadi said, "The reason for the delay of the part related to the Gulf side lies in the events that the world witnessed, such as the Corona pandemic and the repercussions of the economic situation. However, despite this, the Ministry has had periodic meetings, and it was agreed to resume these actions through a set of obligations on Gulf Link. " 

He pointed out that "if the Gulf side returns to work by implementing the second phase of this agreement, the line will enter work within a year or more."

He added, "This agreement has great flexibility and readiness for electrical energy, given that Iraq will have another source of electricity for electricity in case the system is extinguished."

He stressed, "The electrical interconnection coil will enhance the situation of the entire system and the Basra situation mainly, and will ensure that low voltages are addressed."  

And on the talk about the intention of the Ministry of Electricity, to turn off the electricity in all of Iraq to connect the gas pipeline to the evolving system, Al-Abadi explained that "this news is not true, and it is just malicious rumors." 

And Abadi added, "The Ministry of Electricity has transferred work to some stations that run on gasoline and white oil into gas, and work is underway to convert other stations to work on the gas system, because the fuel costs are high."

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A press release about the Libyan dollar currency

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26th July, 2020
 

The Central Bank of Iraq monitors the news in the media and social communication regarding dealing with what is known as (the Libyan dollar currency) and here we would like to make it clear that there is no such currency and that the procedures for verifying its absence have been carried out by exchanging information with the relevant agencies inside Iraq And outside it
 
The Central Bank notes that any entity or company that claims to sell this currency by promoting through its pages on social media and the public’s delusion that there is a US dollar belonging to the Libyan Central Bank is “unlicensed” from this bank, and we warn against fraud and fraud that may be practiced by the weak in the soul This area, and legal measures will be taken against everyone who trades this counterfeit currency

 

The Central Bank of Iraq confirms that it continues to take its control and auditing procedures in foreign exchange trading in accordance with its effective instructions in a manner that ensures the integrity of the trading process
 
The Central Bank of Iraq
information Office
Sunday, July 26, 2020

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Granting license to Al-Ghazal Exchange Company Ltd. / Baghdad

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26th July, 2020

To / Al-Ghazal Exchange Company Ltd. / Baghdad ( granting leave )

Issue: 9/5/6666
Date: 7/20/2020
Attached herewith the license to practice work as a limited money exchange company under category (B) in the name of (Al Ghazal Exchange Company) numbered (5) for the year 2020 granted in accordance with the provisions of Article (4) paragraph (2) of the Central Bank of Iraq Law No. (56) of 2004 and the Anti-Law Money laundering and terrorist financing No. (39) for the year 2015 and the effective controls, and the company shall be subject to the supervision and supervision of this bank.
Approve the appointment of Mr. (Asaad Amer Zugheer) as Plenipotentiary Director and Mr. (Majed Amer Zughair) as his assistant and the appointment of Mr. (Ibrahim Khalil Ibrahim) as compliance observer and Mr. (Asaad Jaafar Nehmeh) as his assistant and Mr. (Ahmed Abdul Karim Mahmoud) as director of supervision and auditing provided full time Complete these positions and not be administrative in another company.
Comply with the regulations of the exchange companies in force.
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The start of the exclusion of trade exchange between Iraq and Iran at the Mandali port

16:25 - 7/26/2020
 
  
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The information / Diyala ..

On Sunday, a government official in Diyala announced the start of the resumption of trade exchange between Iraq and Iran at the Mandali border crossing.

Mazen Al-Khuzai, director of the Mandali area, told the agency (90 km east of Baquba), that "shortly before the official resumption of trade exchange between Iraq and Iran started at the Mandali border port east of Diyala."

He added, "Hundreds of trucks began to flow towards the border square as they crossed the Iranian border on the way to the Mandali port," stressing that "the flow is a formal indication of the start of the exchange resumption that stopped for almost 5 months due to the repercussions of the Corona pandemic."

The Mandali port is considered one of the most important border crossings in Diyala, which was closed due to the needs of Corona, about 5 months ago. 25 p. Ended

 

https://www.almaalomah.com/2020/07/26/486895/

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Iranian Customs: Postponement of the reopening of the "attractive" border crossing with Iraq

13:47 - 26/07/2020
 
  
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Information / Baghdad ..
A spokesman for the Iranian Customs Authority, Ruhullah Latifi, announced on Sunday the reopening of the "attractive" border crossing with Iraq until the end of this week or within the next week as a maximum.
Latifi said in a statement that followed him / information / that the crossing was scheduled to reopen 3 days ago, but against the background of the lack of readiness of the quarantine team from the Iraqi side to settle in the port was postponed.
He expressed his hope that, in conjunction with the reopening, Baghdad will issue an import license to resume commercial activities and exchange of goods between the two sides after a halt due to the outbreak of the Corona virus. Ended / 25

 

https://www.almaalomah.com/2020/07/26/486863/

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British report marks the Iraqi economy receiving a "devastating" strike

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26th July, 2020


British Financial Times newspaper warned of the high rates of poverty in Iraq, while it saw that the drop in oil prices leaves the Iraqi government with only a small "space" for maneuvering.

"The financial situation in Iraq, the second largest oil producer in OPEC, has been dealt a devastating blow as crude oil prices have fallen by more than half compared to last year, " said Chloe Cornish, Middle East correspondent for the Financial Times.

The author is based on the Oxford Institute for Energy Studies in Britain, when referring to the decline in Iraqi revenues from oil exports, from 6.1 billion dollars in January to the lowest levels at 1.4 billion dollars in April.

And the report on Iraq points out that the poverty rate in the country is expected to rise to 31.7 percent this year, from 20 percent in 2018, as the Corona pandemic is pushing 4.5 million Iraqis to fall below the poverty line, according to a new joint calendar for the government and the United Nations. The World Bank and Oxford University.

The writer says that low oil prices leave the government with little room to maneuver.

The author relies on the words of analysts who said that the government can take advantage of $ 68 billion in foreign reserves to cover dollar bills, such as imports and debt service, and is expected to borrow $ 18 billion from home and abroad to cover government wages for the next few months.

The writer quotes from an interview with the Iraqi Minister of Finance Ali Allawi, who said that "the issues that were buried because of the high and growing oil revenues are taking shape now", referring to the inflated spending and a monthly bill of $ 5 billion. This includes payments to an estimated 300,000 "ghosts" or fanciful employees, according to the author, quoting Allawi as saying that Baghdad was no longer able to rely on current oil prices.

She highlighted his saying that Iraq "has been holding regular and very intense discussions with the International Monetary Fund for some time now," explaining that Baghdad "may apply for some budget support."

"There is now a growing recognition that we are moving to an environment with relatively low oil prices. We really have to find an alternative to restructure our public finances, to take account of this new normal," Allawi added.

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Central Bank of Iraq: deduction of transfers of up to 9 trillion dinars to secure the salaries of the months of June and July

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26th July, 2020


The Central Bank of Iraq revealed, on Sunday, a deduction of transfers of up to 9 trillion dinars to secure the salaries of the months of June and July.

The Director General of the Bank’s Accounting Department, Ihsan Shamran Al-Yasiri, stated, “The bank deducted transfers of up to 9 trillion dinars to secure the salaries of the months of June and July, in order to bridge the difference between the oil resources and the salary amounts.”

Al-Yasiri added, "It is natural for the government to commit to providing pensions for those with an obligation to it; employees, retirees, and those covered by social welfare and others, because the state views the matter with a view of legal, moral and technical commitment." He stressed that "the central bank contributed to solving the government's financial bottlenecks on more than one occasion, especially since 2014 and until now." And between "the decline in oil prices leads to internal and external borrowing, and internal borrowing creates pressure on the central bank reserves, because the dinar borrowed by the government will be transferred indirectly to the demand on the dollar, which means the central bank undertakes the exchange of this demand through The public was affected in general."

Al-Yasiri continued: "The Central Bank initiative to enhance banks' liquidity to support development and operate the real sector continues, and this initiative has revived the economy and contributed to operating projects and employing the unemployed, and whenever the central bank finds a need for new initiatives or expansion."

Al-Yasiri acknowledged, “With the banking system suffering from the problem of non-performing loans, which affected the liquidity of banks and their need to tighten the choice of customers,” noting that “the central bank has established a system of credit inquiries that prohibits the granting of loans to borrowers who have not fulfilled their obligations, while they are customers with no commitment.

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Controls related to the capital adequacy standard for commercial banks according to the requirements of Basel III & II


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26th July, 2020

Control standards related to the capital adequacy standard for commercial banks 
according to the requirements of Basel III & II ... For information click here


Translation of two page document......


To all licensed commercial banks m / the regulatory controls for the capital adequacy 
standard for commercial banks according to Basel requirements || & lll, and the list 
of the most frequently asked questions (FAQs), and attached to our notifications, 
numbered 9/2 420/24, dated 11/13/2018, the above controls, and with regard to 
that we would like the following statement: a. Scope of application: The 
commercial banks operating in the Iraqi banking sector must adhere to the regulatory
controls in relation to the criterion of capital adequacy as of the second 
semester / 2020, knowing that a transition period has been set up to a maximum 
of six months (including the second and third semesters / 2020), during which the 
banks By submitting its data in accordance with the controls in place regarding the 
capital adequacy criterion along with the new controls in parallel, with the aim of the
integrity of the systems and in a way that guarantees the grant of data, and thus the 
transitional period ends from the fourth quarter / 2020 and thus becomes the minimum 
for the capital adequacy criterion according to new controls.

In case of non-compliance with the minimum capital adequacy ratio according to the 
new regulations, this bank is provided with the dates of commitment to the minimum, 
and it is submitted no later than the end of November of (2020/11/30), with the 
exception of branches of foreign banks that will take with it criteria and procedure that 
is the capital adequacy ratio on a quarterly basis and the results are sent in conjunction 
with the quarterly budget or according to what this memorandum determines the method 
of receiving and sending 1) You will be provided with an electronic  version of the new 
controls and its calculation form, and  a list of frequently asked  questions (FAQs) via 
email to the Banking Performance  Analysis and Risk Control Department
(Analysis@cbiraq.in) Request to send the calculation results to the  Commercial 
Banking Supervision Department in the form of Paper and electronic  e-mail to the 
aforementioned section (supervision@cbiraq.info), in addition to  sending copies of 
copies only to the Banking Performance Analysis and Risk Control Department. 2020/71

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Al-Rafidayn begins distributing the salaries of employees for the month of July

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26th July, 2020

On Sunday, the Rafidain Bank announced that it would begin distributing the salaries of the ministries and institutions of the endemic country their salaries to the bank for the month of July through electronic payment tools

The media office of the bank said in a statement, "Economy News" received a copy of it, that "the direct salaries of employees of ministries and state institutions from those who have received sukuk, financing their salaries and financial allocation with the bank have been started
 
He added, "Employees can receive their salaries from anywhere they are

###########

 

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These dollar/dinar figures are goofy . Iraq owes 5 trillion dinars to Iran , a mere pittance at 5 billion USD . Salaries , or payrole , for whom we don't know , is 9 trillion dinar ,or 9 billion USD  . Bear in mind that Iraq has a population of approximately 40 million people ,so that's quite a bit of scrilla per person . I don't get it . . 

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Al-Rasheed announces direct distribution of employee salaries for the month of July

Al-Rasheed announces direct distribution of employee salaries for the month of July
 

7/26/22020 17:44:19
 
 
Al Rasheed Bank announced, on Sunday, the start of distributing the employees’ salaries for the month of July.

 

The bank’s media office said in a statement that {Al Furat News} received a copy of it that “the salaries of employees of ministries and state institutions for the month of July have been started.”

The Rafidain Bank announced earlier today that it would distribute the salaries of the ministries and institutions of the endemic country their salaries to the bank for the current month of July, through electronic payment tools.
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2 minutes ago, dinarham said:

Salaries , or payrole , for whom we don't know , is 9 trillion dinar ,or 9 billion USD  .
 

so that's quite a bit of scrilla per person .  I don't get it . . 


Aside From The Obvious Cash Flow Issues (For Numerous Reasons) ...

 

 

One Of The Causes For The Delay In The Payment Of The Salaries ...
 

 

Was To Identify All Of The Corrupt Multiple Salaries That Multitudes Of People Were Receiving ! :o 
 

 

Some Of Whom Had Three, Four And Five Different Salaries Going To The Same Corrupt Person ...

 

 

And Combined With Over 100 Days Off Annually From All Of The Holidays For Everybody Anyways...

 

:D  :D  :D 

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Al-Kazemi launches the salaries of employees in the Kurdistan Region

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26th July, 2020


The Minister of Agriculture and Water Resources in the Kurdistan Region, Bikard Talabani, announced on Sunday the approval of Federal Prime Minister Mustafa Al-Kazemi to pay the salaries of the General Directorate of Dams and Water Reserves in the region.

Talabani said in a post on social networking sites "Facebook" at an advanced time this morning, that the President of the Republic, Barham Salih, told her by phone call to solve the problem of the salaries of the Directorate with the Prime Minister. She added that Al-Kazemi decided to pay the salaries of the General Directorate of Dams and Water Reserves during this week.

The previous Iraqi government headed by Adel Abdul-Mahdi had cut last April the salaries of state employees in the Kurdistan Region after accusing the region of not committing to an agreement to deliver 250 thousand barrels of oil per day to the company "Sumo" owned by Baghdad, which was denied by the government of Erbil.

Al-Kazemi’s government agreed more than two months ago to launch one month’s salaries for the region’s employees, and mortgaged it on a regular basis on Baghdad and Erbil reaching an agreement on the oil file and the region’s share of the federal budget.

The government of the region had decided last June to deduct 21 percent of employee salaries for one month, due to the financial crisis that the region is suffering as a result of Baghdad cutting the salaries of the region's employees and declining oil prices in global markets . The government said it had taken this step to be able to distribute the available funds to all employees.

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22 hours ago, DinarThug said:

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.

 

sure hope someone checking that raw materials list to make sure Uranium is not one of the " commodities " .... thanks CNN

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Iraq and Britain are considering operating direct flights to the kingdoms airports and vice versa

Iraq and Britain are considering operating direct flights to the kingdoms airports and vice versa

 

 

7/26/2020 17:05:22

 

Minister of the Nile Nasser Hussein Al-Shibli discussed, Sunday, with the British Ambassador to Iraq, Stephen Hickey, operating direct flights to all airports in the Kingdom and vice versa.

A statement of the ministry, which received {Al Furat News} a copy of it, said that "it was discussed during the meeting to strengthen relations and open horizons of joint cooperation between the two sides in the field of transport in general."

Al-Shibli said during the meeting that "the Iraqi Ministry of Transport is keen on enhancing the prospects for joint work between the two parties and extending bridges of cooperation in the field of public transport, because of its economic and commercial importance to the two friendly countries."  "The two parties also discussed the importance of operating direct flights to all UK airports, and vice versa, for the benefit of both countries, as well as benefit from experiences and investment in public transport, and what contributes to them by lifting the European ban on the green bird."

For his part, the British ambassador expressed great interest in establishing solid and cooperative relations with Iraq, and building bridges of development at work and the most modern methods in transport and its various fields.
 
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Baghdad tops the list .. Statistics reveal the percentage of mobile phone use in Iraq

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26th July, 2020


The Central Bureau of Statistics announced, on Sunday, that the percentage of mobile phone use in Iraq reached more than 70% for the year 2019, indicating that Baghdad was the highest in terms of use compared to the rest of the other provinces.

The agency affiliated with the Ministry of Planning said in a report on a survey conducted by all governorates except for the Kurdistan Region; It was seen by Shafaq News that "the percentage of mobile phone use for people of five years and more reached 70.3%," noting that "the percentage of males increased compared to females, reaching 78% for males and 62.2% for females."

The report added, "As for the percentage of people who do not use a mobile phone, it reached 29.7%,"noting that "the highest governorates using a mobile phone are the capital, Baghdad, with 79.3%, followed by Basra Governorate, with 79.2%, and then Najaf Governorate, at 73%, and Muthanna Governorate, at 73.4%," Dhi Qar was the least used governorate by phone, at a rate of 56.9%."

The report of the Ministry of Planning indicated that "the results of the survey showed that the percentage of individuals who are 5 years old and over, who use a smart mobile phone reached 80.7%, while the percentage of individuals who use a regular mobile phone reached 22.8 %."

It is worth noting that before 2003, the Iraqis were using only the landline phone, and the mobile phone did not enter Iraq and was within the reach of all Iraqis who wish, except in 2004. In the year 2002, there were about one million and 200,000 subscribers to the Iraqi fixed network "Landline" That is, an average of four lines per 100 people, which represents a lower rate than the region’s rates.

It is noteworthy that mobile phones have developed very quickly, from ordinary to distinctive and smart, with the expectation of further development in the era of artificial intelligence. Mobile services have also evolved, from simple communications and text messages, to e-mail messages, browsing the Internet and many applications that include businesses, games, digital photos, and many services provided by premium phones, which led to their decisive intervention in many economic facilities of countries and companies.

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Iraq goes beyond the salary insurance crisis

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26th July, 2020


The Parliamentary Finance Committee said on Sunday that high oil prices and domestic and foreign borrowing secured employee salaries for the month of July.

"The high oil prices in the global markets and the law of local and foreign borrowing secured the salaries of employees and retirees this July," committee member Jamal Cougar told Shafaq News, stressing that "there is no excuse for the Ministry of Finance to delay the payment of salaries in a timely manner."

He added that "the availability of financial liquidity obliges the government and the Ministry of Finance to pay the salaries of employees according to the monthly entitlement to the times and schedules specified for each government ministry, department or institution."

The Iraqi government is struggling to secure employee salaries and other operating expenses due to the collapse in oil prices due to the Corona pandemic, which has paralyzed large sectors of the world economy. The country relies on revenue from the sale of crude to finance 95 percent of the country's expenditures.

The government had submitted the bill, which includes external borrowing worth $ 5 billion, and an internal amount of 15 trillion dinars to cover the country's fiscal deficit, which was approved by Parliament.

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      The price of Brent "Al Mubarak" crude today 19-7-2020 .. is 43.10 dollars a barrel.
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      The number of poor people in 2018 was estimated at 7.4 million, with a poverty rate of 20.5%. According to the 10% income or consumption scenario (which is the "basic case" scenario closest to reality in light of the current crisis), the poverty line in Iraq for 2020 was estimated at 123,200 thousand dinars / person / month. Hence, the poverty rate estimated according to this scenario is 22.8%, and the number of poor people is estimated at 9.120 million poor.
      All this is happening, and Iran's blessed agreement with the big, blessed countries about its blessed nuclear file is subjected to the blessed "tramp" strikes, so that the impact of the strikes on us will be reversed in politics, security, and the economy.
      And for those who ask his traditional question about the "solution" in this "case", there are many solutions that have been presented repeatedly to "decision makers" in this country ... and there are many plans, policies and strategies that have been approved (from the highest legislative and executive levels) And it was all left on the shelf, to be eaten by the dust of neglect, ignorance and forgetting .. Whether we agree or not with the current Minister of Finance, I personally do not think that he needs someone who is “to be seen” in this regard .. Also, he also does not need to sit with a group of Experts and consultants, together, to rediscover the wheel again, to put it under this decaying vehicle called "the Iraqi economy."
      What we need, and what it "benefits" is not more "theories" and "jurisprudence" of experts and advisors ... rather that we have supreme sovereign interests "holy", agreed upon by the political "parties" controlling this country, and defending them fiercely, And with unrelenting political will.
      What we need is that we are aware that we have no alternative to salvation from our complex economic crises, other than comprehensive and radical reform .. and that this reform has a cost .. and that this cost may be very prohibitive .. and we may continue to pay it for five, ten years Next .. We are the ones who do not tolerate delaying paying our salaries for only five days.
      This year 2020 never seems blessed, from its blessed start, until the very moment when it is supposed to be blessed now.
      Three presidencies blessed, Iraqis.
      Mubarak's House of Representatives.
      Blessed government.
      Blessed ministers.
      Mubarak government program.
      But ... with the prices of oil not blessed (externally) .. and with chaos, confusion, and lack of horizon (internally), a lot of things may be unfortunate now, Iraqis.
      Many things will not be okay ... neither in the short term nor in the medium term.
      In the long run, this may happen ... that is, some things may be on Mayram.
      However, many of us will be dead, and they will not be witnesses to that .. in that long term.
      So ...
      beautiful patience ... or beautiful
      desertion ... blessed Iraqis.
      LINK
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