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Iraqi Parliament Announces The Arrival Of The 2020 Budget Bill To The Council


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The Central Bank: The reform paper for the banking sector will be launched soon


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27th September, 2020


The Central Bank of Iraq announced, on Sunday, that the terms of the reform paper will be imminent for the banking sector.

A bank statement, of which Mawazine News received a copy, stated that “The Governor of the Central Bank of Iraq, Mustafa Ghaleb, is at his first meeting for the banking sector this morning, in the Central Bank building, during which the future vision of the work of the Central Bank of Iraq was presented in light of the economic crisis, He also proposed the terms of the banking sector reform paper, which will be initiated soon.

The governor of the Central Bank stressed, according to Abelian, "the importance of developing banking services and products in the next stage," noting that "this bank will support the banking sector to advance its current reality." 

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Central Bank: The reform paper for the banking sector
will start soon

 

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27th September, 2020

The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, held his first meeting for the banking sector this morning, Sunday, in the bank’s building.
 
A statement to the media of the bank, which received a copy of the Al-Furat News Agency, stated that the governor "presented during the meeting the future vision for the work of the Central Bank of Iraq in light ofthe economic crisis, as well as the terms of the reform paper for the banking sector, which will be initiated soon."

The governor of the central bank stressed "the importance of developing banking services and products in the coming stage," indicating that "this bank will support the banking sector to advance its current reality."
 
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Governor of the Central Bank of Iraq meets with the banking sector  LINK

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Mr. Clown spent hours today pulling news for the rest of us to read to keep us informed. He did it yesterday and the day before, and will do it tomorrow. Just like Yota and others do too.   

CNN. Broadcasting From The Committee Resolving The Oil And Gas Law TO COMPLETE IT’S LEGISLATION !     LINK Iraqi Parliament announces the arrival of the 2020 budget bill to the counci

Lol - Try Not To Let Ur ‘Bitter Beer Face’ Get In The Way Of All Of The Good News From This Article !             Which Btw - Currently Isn’t Being Discussed On Ur Pr

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Economist: Determining the salary scale and finding a way out for those whose contracts have been canceled is a guarantor of solving part of the financial crisis

 
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08:41 - 27/09/2020
 

The economic expert, Wissam Al-Tamimi, indicated that the government’s orientation towards the Civil Service Law and the creation of a new salary scale that unifies the salaries of employees and eliminates the paradoxes between one ministry and another, as well as distributing those whose contracts have been canceled to state departments according to the jurisdiction is a guarantor to solve part of the current financial crisis.

Al-Tamimi told "the information", that "Iraq needs to prepare a new salary scale, which may be harmed by some parties, but it will eliminate the paradox of salaries between one ministry and another."

He added, "More than 99,000 members of the Popular Mobilization Forces have canceled their contract, in addition to other categories, as it is possible to benefit from these numbers when launching job grades, so that they are the first in them, and they are distributed among the security services and other ministries according to their specializations."

He explained that "the government can work according to a balanced economic policy and eliminate inflation in the currency through part of the salaries of employees in dollars or choosing them in exchange outlets between the dollar and the dinar, thus selling a large part of the foreign currency instead of relying on currency auction."

He indicated that "defining a new salary scale and finding a way out for those whose contracts were canceled, and distributing salaries in dollars and dinars, would rid the government of part of the current financial crisis and make its accounts more clear without entering into the equations for finding a financial allocation for some segments."

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Parliament holds the Al-Kazemi government responsible for the delay in paying salaries: Where did the money go?

 
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09:45 - 27/09/2020
 

On Sunday, the Finance Committee in the House of Representatives held the Ministry of Finance responsible for the delay in paying employees' salaries so far, indicating that the ministry is supposed to clarify the reason for the delay, especially since the internal and external borrowing law approved by the House of Representatives in the sixth month of this year provided a financial cover for salaries.

Committee reporter Ahmed Al-Saffar said in a statement reported by the official Al-Sabah newspaper, which was reviewed by / the information /, that “after investigation and searching for the real reasons, we found that there was no technical or technical failure in the central bank’s systems,” indicating that “according to our information, the Central Bank confirmed Its readiness in the event that the ministry gives permission for funding.

Al-Saffar expressed his dissatisfaction with "the ministry's reluctance to communicate with the financial committee, pointing out that" the salaries of employees need 6 trillion and 200 billion dinars, and oil and other revenues cover about 4 trillion with a deficit of only two trillion dinars."

Al-Saffar recalled that “Parliament agreed to borrow 15 trillion dinars, divided into 8 months until the end of the year, taking into consideration covering other matters that are supposed to be paid monthly, such as debts and obligations towards health and the ration card, so that the monthly deficit becomes about 3 trillion, and by dividing 15 by 3, we will have salary coverage up to the tenth month.”

Al-Saffar asked, "Where did the money go?", Expressing his astonishment at the "lack of permission from the ministry and concealment of the reasons for the delay, calling for quickly financing banks to pay employees' salaries."

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The Financial Committee: The Central Bank has confirmed its readiness to pay the salaries of employees, and there is no technical failure in its systems  LINK


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Delayed salaries of employees in Iraq .. Who is responsible?  LINK

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"Finance" indicates the reason for the delay in September salaries ... "Iraq is free of cash"

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27th September, 2020

Today, Sunday, the Parliamentary Finance Committee attributed the reason for the delay in salaries of employees for the month of September to "the lack of adequate cash flow," indicating that borrowing by the government again will be conditional.

MP Hanin Qaddo told Shafaq News that "the reason for the employees' salaries for the month of September is the lack of sufficient cash flow," indicating that "Parliament has previously authorized the government to borrow in order to obtain 15 trillion Iraqi dinars in order to distribute them as salaries for three months, but This amount ran out, and it was distributed as salaries to employees, retirees, and social welfare."

Qudo suggested that "the government is heading again to borrow, but this borrowing is governed by conditions," indicating that the condition is that "the government submits a draft of the economic reform bill that it previously pledged to present."

He stressed that "without real economic reforms and loading Iraq with internal and external debts, this will lead to the inability during the coming period to pay salaries to employees, as well as retirees and those with social care." "Parliament has not yet received the reform paper so that we have new financial resources in the coming months, and this is a big problem that we face so far," Qadu stressed.

Yesterday, Saturday, a source in the Iraqi Ministry of Finance revealed that the salaries of this September are fully secured with the ministry, indicating at the same time that the delay in paying salaries is due to technical problems with the technology of transferring funds from the central bank to the account of ministries, institutions and state departments in banks.

The Central Bank of Iraq responded to the Ministry of Finance, expressing its readiness to receive notices of payment of salaries, confirming, "according to a responsible source, that there are no " technical or technical" problems.  

Iraq has been struggling to secure the salaries of employees and retirees for months due to the decline in oil prices in global markets due to the Corona pandemic. 

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On 9/26/2020 at 10:30 AM, DinarThug said:

I told her not to spend it now.” Baghdad sends more than 300 billion dinars to Erbil

 

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1,170 Policy 09/26/2020 12:17 amm


Baghdad today - Baghdad Today,

 

Saturday (September 26, 2020), an informed government source revealed that the central government has sent more than 300 billion dinars to the account of the Central Bank of the Kurdistan Region, allocated for salaries for the region's employees. 

The source said in an interview with (Baghdad Today), "The Ministry of Finance sent an amount of 320 billion dinars and placed it in the central bank branch in Erbil with the accounts of the Kurdistan Regional Government." And, that "Baghdad did not give the regional government a notice of disbursement, so that it can disburse the salaries of employees in the federal government as a first step."

He added that "after paying the salaries of employees in Baghdad, the notification will be given to disburse the amount of 320 billion dinars allocated for the salaries of employees in Kurdistan, after the entire regional government takes up the sums and revenues it gets from the sale of oil and the proceeds of the outlets and other internal revenues, where the total number of salaries is 895 billion." JD and distribution will start in the middle of this week. " 

He pointed out that "the Kurdistan Regional Government decided to distribute salaries this month by reducing the deduction rate to 18% instead of the previous rate of 21%, after its internal revenues." 

Today, Saturday (September 26, 2020), the Parliamentary Finance Committee revealed the reason for the Ministry of Finance's failure to pay the salaries of all employees for the current month of September. 

The reporter of the committee, Ahmed Al-Saffar, said in an interview with (Baghdad Today), "The information that we received from sources close to the Ministry of Finance, that technical technical problems in transferring funds from the Central Bank to banks caused the delay in paying employees' salaries for the current month of September."

And on the existence of a lack of financial liquidity, he stressed, "There are no problems with financial liquidity and financing, and that the financial loan is sufficient for the ministry to pay the salaries of the current month and perhaps even next month."

An informed source in the Ministry of Finance stated, on Friday, that the Ministry of Finance is refraining from releasing the salaries of employees of all ministries, while he disclosed that the salaries of employees of the self-financing departments have been stopped. 

The source said in an interview with (Baghdad Today), "The Ministry of Finance refrains from releasing the salaries of all ministries' employees for the month of September, without knowing the reasons behind this."

On the other hand, a source confirmed, "To stop paying the salaries of the employees of the self and central financing departments and from all banks without exception, while they are awaiting the arrival of financing and special notification from the Ministry of Finance to start the distribution process."

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Baghdad sends 320 billion dinars to Kurdistan

 

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27th September, 2020

 

The federal government intends to send 320 billion dinars to the Kurdistan region in exchange for 50% of the imports of the border crossings, in light of the continuing delay in salaries and the escalation of employee complaints about that

The official spokesman for the deputy prime minister of the region, Samir Hawrami, said in a statement reported by the official Al-Sabah newspaper and seen by Al-Eqtisad News, that “an agreement has been reached in principle between the two parties regarding the current year’s budget,” noting that “Baghdad will send 320 billion dinars to the region. Kurdistan in exchange for 50% of the imports of the border outlets

Hawrami added, "The regional government is continuing through meetings and meetings with the federal government in order to formulate a financial strategy for Iraq," noting that "the ministries of finance and planning in the two governments are continuing in this regard through the weekly meetings to formulate the financial strategy for Iraq and include the years 2021, 2022 and 2023

Hawrami pointed out, "This strategy is the basis for the draft budget next year 2021 and install the financial dues for the region in the draft general budget before sending it to the House of Representatives and approving it

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Discussions on the 2021 budget ... Baghdad sends 320 billion to Erbil in exchange for 50% of the ports' imports  LINK
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With the continuing delay in salaries ... Baghdad sends 320 billion dinars to Kurdistan   LINK 

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Tomorrow ... the head of integrity reveals new procedures for arresting and bringing in new people accused of corruption

 
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13:55 - 27/09/2020

The head of the Parliamentary Integrity Committee, MP Thabet Muhammad Saeed, revealed, on Sunday, arrest and recruitment procedures that will affect a new number of people accused of corruption on Monday, refusing to reveal those names because the procedures are carried out in complete secrecy.

Said said in a statement to "the information", that "the Anti-Corruption Committee has directed the security and judicial authorities to take legal measures to arrest and bring in a number of people accused of corruption cases," stressing that "the implementation of arrest and recruitment will take place tomorrow, Monday."

He added that "all procedures will be conducted in complete confidentiality," indicating that "the Integrity Committee and the Anti-Corruption Committee are doing high coordination in all files."

Earlier, Representative Alia Nassif revealed that the Integrity Committee had issued a list of a number of suspects today, Sunday, that included important personalities. 
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The US State Department issues a report that monitors Iran's destructive activities in the region

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27th September, 2020


The US State Department issued a report that sheds light on the outlaw regime in Iran and monitors its destructive activities for the region’s security and stability. The report consists of seven chapters that dealt with several aspects of Tehran's activities.

The US State Department report dealt with the Iranian regime’s activities in Iraq. 

 

Where the report confirmed that since the year two thousand and sixteen

the Iranian Revolutionary Guard received most of its foreign currency from the Central Bank of Iraq.

 

He pointed out that senior officials in the Central Bank of Iraq worked to provide facilities to transfer funds to the Revolutionary Guard.

The report indicated that the Revolutionary Guards supervised the transfer of tens of millions of euros to Iran through the Central Bank of Iraq, while the US Treasury revealed that the Assistant Director of the International Department in the Central Iraqi was complicit in concealing the movement of funds for the benefit of Hezbollah in the year two thousand and eighteen, at a time when he confirmed The US State Department report that the Iraqi Central Bank continues to transfer billions of dollars and euros to the Iranian Revolutionary Guard and the Houthi movement in Yemen.

The report stressed that these deficiencies on the Iraqi Central Bank undermine the integrity of the financial system in Iraq.

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Concerning the currency, salaries and commodity prices ... 10 economic measures and "radical" financial changes that Iraq is expected to implement next year.

 

2020-09-27

 

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Yes Iraq: Baghdad

 

Today, Sunday, the economic and oil expert, Nabil Al-Marsoumi, revealed reforms to the International Monetary Fund that Iraq is expected to implement some of them during the next year 2021.

 
 

Al-Marsoumi said in a blog posted by "Yes Iraq", asking: "Will Iraq implement the reforms of the International Monetary Fund?", Noting that "the package of economic reforms adopted by the International Monetary Fund, which Iraq is expected to implement some of them in 2021, consists of the following: :

1- Decreasing the national currency exchange rate

2- Raising the interest rate and setting credit ceilings

3. Gradual reduction of government support for government goods and services

4. Reducing public spending on goods and services

5. Reducing the salary clause and limiting the appointment of graduates in government institutions

6. Restructuring and privatizing the losing public sector enterprises

  1. Reducing the transfer expenditures items of a social nature, especially with regard to subsidizing the prices of essential commodities
  2. Raise energy prices to the level of international prices
  3. Raising tax rates, increasing their proceeds, reorganizing them, creating other tax vessels or imposing direct taxes or policies for indirect taxes, as well as increasing the base of taxpayers, limiting tax exemptions, developing collection methods and combating tax evasion

10. Liberation of all prices and trade liberalization

https://yesiraq.com/ 

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3 hours ago, Laid Back said:

CBI is on charge of monetary policy. Let’s see how they implement the reform papers in the next stage, which will be initiated really soon.!

 

Go new monetary policy 

Go RV

Go reform

Go Next stage 

getting exciting long time between drinks

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2 hours ago, DinarThug said:

reforms to the International Monetary Fund that Iraq is expected to implement some of them during the next year 2021.

 

SOME ........ hoping iraq's some will be different going forward 🤣

 

Using Some in English - English Study Here

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1 hour ago, 3n1 said:

SOME ........ hoping iraq's some will be different going forward 🤣

 

Using Some in English - English Study Here


And Besides The Word ‘Some’ - Here’s Another Example Of Using A Word In A Sentence ! :o 

 

image.jpeg.66a274439ade708a236a16bc26ec6b45.jpeg

 

:D  :D  :D 
 

Edited by DinarThug
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September salaries enter "the spiral of last June" and the indicators of ambiguity "escalate": What is the secret behind the delay in disbursement?


2020-09-27
 
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 Yes Iraq: Baghdad
 

In the manner of June salaries, the delay in paying the salaries of the month of September is still "unknown" until the matter reached its transformation into a "secret" that only the Ministry of Finance knows, and it is hidden from banks, the Central Bank and even the Parliamentary Finance Committee.

Committee reporter Ahmed Al-Saffar said in press statements today, Sunday, that it is "more correct for the Ministry of Finance to clarify the reason for the delay in the salaries of employees and retirees, especially that the internal and external borrowing law, which was approved by the House of Representatives in the sixth month of this year, provided a financial cover for salaries."

He added, “After investigating and searching for the real reasons, it became clear to us that there was no technical or technical failure in the central bank’s systems,” indicating that “according to our information, the central bank has confirmed that“ the ministry has been prepared. ”

Al-Saffar expressed his “dissatisfaction with the ministry’s reluctance to communicate with the Finance Committee,” noting that “employees’ salaries need 6 trillion and 200 billion dinars, and oil and other revenues cover about 4 trillion dinars, with a deficit of only one trillion. ”

The funds are available until October ... Where did it go?

Al-Saffar explained again, that “Parliament has approved the borrowing of 15 trillion dinars, divided into 8 months until the end of the year, taking into consideration covering other matters that are supposed to be paid monthly, such as debts and obligations towards health and the ration card, so that the monthly deficit becomes about 3 trillion, and by dividing 15 On the 3, we will have salary coverage up to the tenth month. ”

The reporter of the Finance Committee asked, "Where did the money go ?, saying," We are surprised at the absence of a permit by the ministry and the secrecy of the reasons for the delay, calling for "quickly funding banks to disburse employees' salaries."

link

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5 hours ago, DinarThug said:

In the manner of June salaries, the delay in paying the salaries of the month of September is still "unknown" until the matter reached its transformation into a "secret" that only the Ministry of Finance knows, and it is hidden from banks, the Central Bank and even the Parliamentary Finance Committee.

In all the years I have never heard this statement! 

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A Seminar Between The Baghdad Chamber Of Commerce And Jordan Industry To Enhance Economic Relations

 

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27th September, 2020


The Baghdad Chamber of Commerce and Jordan Industry, today, organized a joint “remote” seminar to strengthen Iraqi-Jordanian economic relations and the possibility of establishing joint investments.

During the symposium, which was attended by representatives of sectors and businessmen from both countries, the attendees reviewed the Cabinet’s decision to exempt Jordanian goods, remove obstacles to trade exchange between the two sides, strengthen and develop joint relations, and build investment partnerships between business owners.

The head of the Baghdad Chamber of Commerce, Firas Al-Hamdani, said that the capabilities of the chamber in Baghdad are available to Jordan to build deep commercial and investment relations, noting that it includes nearly 400,000 affiliates and about 40,000 companies.

In turn, the President of the Jordan Chamber of Industry, Engineer Fathi Al-Jaghbir, stressed the strength of the commercial and economic relations between Jordan and Iraq, stressing that Jordan is looking forward to real partnerships with Iraq, by promoting Iraqi products for the benefit of Jordan as well.

The Jordanian side stressed the importance of establishing joint projects between the two countries in a way that enhances the volume of trade exchange, facilitates the flow of goods, and establishes a common customs union between the Kingdom and Iraq.

He welcomed the establishment of joint investments in chemical industries, especially with regard to cosmetics approved in their manufacture on the Dead Sea, especially since Jordan has deep experience and experience in industries extracted from the Dead Sea, in addition to Iraq benefiting from Jordan's experience in the field of medical supplies, which appeared clearly during the Corona virus pandemic.

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Granting a license to the People of Good Exchange Company - a private shareholding

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28th September, 2020

To / Ahl Al-Khair Exchange Company - private shareholding (granting a license)

Issue: 12464/5/9
Date: 9/23/2020
 
We attach herewith the license to practice work as a private joint stock exchange company under category (A) in the name of (Ahl Al-Khair Exchange) company numbered 14 for the year 2020 granted to you in accordance with the provisions of Article (4) Paragraph (2) of the Central Bank of Iraq Law No. (56)  For the year 2004 and the Anti-Money Laundering and Terrorism Financing Law No. (39) for the year 2015 and the controls in effect, and the company shall be subject to the control and supervision of this bank.
 
2. Approval of the appointment of the members of the board of directors, who are: ( Hajar Adel Salman,  Ali Sadiq Dawood,  Hanan Mahmoud Aswadi,  Moataz Muhammad Daoud,  Raghad Qaddouri Abbas) original members of the Board of Directors and Messrs (Nada Idan Muhammad,  Taha Thamer Saleh,  Haider Sadiq) Daoud,  Basem Nasser Hassan, Haydar Badri Aswad) are reserve members of the Board of Directors, provided that he is not fully devoted to this position.
 
3. Approval of the appointment of Mr. (Haider Sadiq Dawood) as managing director of the company, and Mr. (Ghassan Sadiq Dawood) as his assistant, and the appointment of Mr. (Jaafar Al Mahdi Thamer) as a compliance monitor, Mr. (Anas Qais Kamal) as his assistant, and Mrs. (Alia Salih Dawood) director of control and audit Provided that they are fully devoted to this position and that they are not administrators in other companies and provide us with the minutes of the general assembly meeting certified by the Ministry of Commerce/Companies Registration Department.
 
4. Adhere to the instructions of the effective exchange companies.
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The Fourth Annual Report of the Anti-Money Laundering and Terrorism Financing Office for the year 2019

 

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28th September, 2020

 

The Office of Anti-Money Laundering and Terrorism Financing issued its fourth report for the year 2019, which includes three chapters: 1- About the office and its origin, 2- The office’s achievements for the year 2019, 3- The statistics of suspicious cases, their geographical distribution, the number of people and the measures taken.
 
The Central Bank of Iraq
information Office
2020/9/28
 
To view the fourth annual report of the Anti-Money Laundering and Terrorism Financing Office for the year 2019 ... click here

38 page pdf

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Denial lists

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28th September, 2020


List of the names of banks and companies brokering the sale and purchase of foreign
currency and financial transfer prohibited from participating in the window of buying
and selling the dollar (USD Black List)

List of banks .. to view click here

Al Ataa Islamic Bank for development & investment
Islamic Regional Co-operation
Melli Iran
Noor Al Iraq
Barsian

List of companies .. Click here to view

Two pages
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17 hours ago, DinarThug said:

the Iranian Revolutionary Guard received most of its foreign currency from the Central Bank of Iraq.

He pointed out that senior officials in the Central Bank of Iraq worked to provide facilities to transfer funds to the Revolutionary Guard.


:lmao: 

 

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Khamenei's military advisor: We received money in dollars from Iraq in exchange for our assistance to him

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27th September, 2020


The military advisor to the Iranian guide, Major General Yahya Rahim Safavi, revealed that his country had received cash payments for its aid in Iraq.

Safavi said in statements to him today, Sunday, that the Iranian regime received money in dollars every time it helped Iraq, adding: “As for Syria, we have signed contracts with the Syrians and we will get things in return, even if the Russians benefit from Syria more than Iran benefits.” According to the semi-official Iranian agency Mehr.

In addition, the Iranian official admitted his country's support for many communist countries in the world, including Venezuela, pointing out that the Iranian authorities had received gold bars, instead of the fuel shipments that Venezuela recently supplied. 

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