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Canceling The Currency Auction, Reducing Borrowing, And “Isolating” The Central Bank’s Reserves ... The Most Important Thing For Hard Currency In The 2021 Budget !


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1 hour ago, JonnyV said:

 

"Directors concurred that the recent exchange rate adjustment would help reduce external imbalances and preserve foreign exchange reserves. They underscored that a strong fiscal framework remains critical to ensuring the credibility of the new exchange rate peg as well as minimizing future need for monetary financing of the budget. Directors also saw need for further monetary policy measures by the central bank to contain inflation."

 

It's not all that bad.  Again, they are not going to come out and tell anyone that they will RV.  Plus, read the part in RED.

NEW EXCHANGE RATE PEG?  Hmm.  

Okay I’m up .... I’ll take any hint of some good news Thank you JohnnyV

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CNN. Broadcasting The Bid For Cancelling The Auctions !     Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important th

Usually in emerging economies banks strengthen their assets abroad.   The Banks are getting ready for an open market economy   Go CBI Go banking system Go international

1- Budget 2021 2- HCL Agreement  3- End of daily auctions  4- RV   Good Post DT 🤡👍🏼    

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Parliament's finances speak of an "agreement" not to pass the budget separately from the Kurds

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11th February, 2021


On Thursday, a member of the Parliamentary Finance Committee, Muhammad al-Shabki said that there is near unanimity and a political agreement not to pass the draft federal budget law for the year 2021 without compatibility with the Kurdish political forces.

The Prime Minister of Kurdistan Region, Masrour Barzani, said yesterday, Wednesday, during a press conference held after a meeting with his government team, that the general federal budget must be based on the constitution and benefit the Iraqi people in general, indicating that negotiations with Baghdad are still continuing.

Al-Shabaki said, to Shafaq News, "We are waiting for the completion of the consultations and meetings between the regional government delegation and the governmental and political parties in Baghdad, until a specific formula is agreed between Baghdad and Erbil and it is formally included in the budget law and then presented to a vote."

The provincial government delegation headed by Qubad Talabani, Deputy Prime Minister, returned yesterday, Wednesday, to the Iraqi capital, Baghdad, to start a new and decisive tour to finalize the agreement with the Parliamentary Finance Committee and the federal government regarding the region's share in the budget.

Al-Shabaki also said, "There is no specific time for passing the budget or a specific time for an agreement between Baghdad and Erbil, and this matter may be after a day or a week."

Last December, Baghdad and Erbil reached an agreement on the financial budget, which provides for the region to deliver 250,000 barrels of oil per day, and half of the border crossings and other revenues to the federal government, in exchange for a budget share of 12.6 percent. The agreement was included in the draft budget, but Shiite political blocs reject the agreement, which hinders its passage in Parliament.

A member of the Parliamentary Finance Committee continued by saying that setting the date for approving the budget "depends on negotiations, and there is consensus not to pass the budget by breaking wills and without the Kurds. Everyone is waiting for a political consensus to pass the budget, and everyone does not want to repeat what happened in passing the fiscal deficit law."

On Wednesday, the head of the provincial government expressed his rejection of the Iraqi political voices demanding that the oil file be handed over to the region completely in the hands of the federal government in Baghdad.

Masrour Barzani said in a press conference that Iraq is going through difficult circumstances and we asked to include the agreement between Erbil and Baghdad to deliver 250 thousand barrels of oil per day or to establish it with half of the crossings' imports to the federal government. He added that our problem is not only the budget, but we have other problems such as sovereign expenses, retirement, peshmerga dues and investments.

Barzani stressed that the constitutional Article 140 has not yet been applied, adding, "We want now to address the problem of the Maronites and implement the last agreement that we reached." And the Prime Minister of the Kurdistan Regional Government continued by saying, "We hear people saying that the region must hand over its oil file in full to Baghdad, and this is unconstitutional and we do not accept the violation of Kurdistan's rights."

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Digital media calls for popularizing the electronic payment experience in Iraq

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12th February, 2021

 


The Digital Media Center DMC, called on Friday to circulate the electronic payment experience in Iraq, to limit the transmission of the new Corona virus via fiat currencies.

The center stressed, in a statement received by Mawazine News, a copy of it, on the necessity of circulating the electronic payment experience in Iraq in a way that allows citizens to make purchases safely and quickly, as well as limiting the transmission of the Corona virus through paper currencies, as well as the benefits achieved to Iraqi banks.

He praised, "the presence of many points of sale in the malls that supported the electronic payment feature through electronic payment cards," calling for "support for more payment applications such as Apple Pay and the electronic payment services provided by telecom companies operating in Iraq." He noted, "Circulating the electronic payment experience will encourage citizens to settle their salaries in banks and spend what they need only through the electronic payment mechanism, thus providing financial liquidity to banks that support electronic payment systems."

He stressed, "the importance of activating electronic payment systems in reducing corruption and eliminating informal economic activities, and consequently the entry of individuals within the licensed systems operating in the country, as well as its importance in raising investment rates in the country, increasing production and providing more job opportunities."

He explained, "The electronic payment systems in Iraq still need more support and legalization and limiting the chaos of benefits imposed on individuals, which may reach many times what is imposed in neighboring countries, and banks should also be obligated to increase the number of ATMs and payment devices in a manner commensurate with the population density." 

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The Digital Media Center calls for popularizing the online payment experience in Iraq
 

1613139124792.jpeg

12th February, 2020

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19 hours ago, DinarThug said:
International Monetary FundInternational Monetary Fund
 
 

IMF Executive Board Concludes 2020 Article IV Consultation with Iraq

 

February 11, 2021

 

 

Washington, DC: 

 

On February 8, 2021 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Iraq.


The COVID-19 pandemic and a sharp decline in oil revenues have exacerbated Iraq’s longstanding economic vulnerabilities. Real GDP contracted by an estimated 11 percent in 2020, reflecting a slowdown in non-oil activity and cutbacks in oil output as a result of OPEC+ decisions. Large fiscal and external current account deficits of 20 and 16 percent of GDP, respectively, constrained the government’s ability to mount an effective fiscal response to the crisis.

 

The authorities have begun to take much-needed steps towards ensuring macroeconomic stability while protecting the vulnerable. To help safeguard foreign exchange reserves and reduce the external imbalance, the Central Bank of Iraq has announced a devaluation of the exchange rate.
 

Alongside, the draft 2021 budget, submitted to Parliament, aims to reduce the fiscal deficit through measures to contain the unsustainable expansion of government wage and pension bills and to raise non-oil revenues, while significantly boosting targeted assistance to shield the most vulnerable.

 

The authorities have also set aside sizable resources in support system" rel="">support of their efforts to minimize the loss of life to COVID-19, including through acquisition and distribution of a vaccine.

 

The economy is expected to gradually recover, and the imbalances to narrow, although the outlook remains challenging. Real GDP is projected to return to its pre-pandemic level by 2024. The fiscal and external current account deficits are projected to decline over the medium term. Government debt is expected to peak in 2023 and decline gradually thereafter.

 

This outlook hinges on strong implementation of reforms and is subject to significant downside risks. Political constraints ahead of the parliamentary elections, renewed bouts of social unrest, or security risks could undermine the reform efforts, putting macroeconomic stability at risk. Furthermore, pandemic‑related risks and oil market uncertainties could further complicate the economic situation.


Executive Board Assessment [2]

 

Executive Directors agreed with the thrust of the staff appraisal. They noted that the COVID 19 pandemic and the sharp decline in oil revenues have further exacerbated Iraq’s existing significant socio-economic fragilities. Directors also noted the authorities’ efforts to strengthen the health policy response, boost social safety nets, and reduce the fiscal and external deficits. Nevertheless, downside risks to the economic outlook remain significant amid a challenging socio-political environment. Directors emphasized that implementing strong policies and structural reforms is essential to ensure macroeconomic stability and achieve sustainable and inclusive growth.

 

Directors emphasized that reducing fiscal imbalances is critical to ensuring fiscal and debt sustainability.
They welcomed the authorities’ planned fiscal reforms in the “White Paper” and encouraged their careful prioritization and swift implementation while minimizing the impact on the vulnerable.

To create room for the much-needed reconstruction and social safety nets, Directors highlighted the importance of strengthening public finances. To this end, they called for a comprehensive civil service reform to contain the public wage bill and recalibration of the pension system to put it on solid financial footing. Priority also needs to be given to increasing non-oil revenues and strengthening public financial management to reduce the fiscal risks stemming from off-budget expenditures and government guarantees.

 

Directors concurred that the recent exchange rate adjustment would help reduce external imbalances and preserve foreign exchange reserves. They underscored that a strong fiscal framework remains critical to ensuring the credibility of the new exchange rate peg as well as minimizing future need for monetary financing of the budget. Directors also saw need for further monetary policy measures by the central bank to contain inflation.

 

Directors stressed that wide-ranging structural reforms are necessary to cement macroeconomic stability and pave the way for higher and more inclusive growth. They underscored that reform efforts should focus on stemming the financial losses in the electricity sector. This requires sustained efforts to strengthen governance and improve collection, as well as gradual adjustment of tariffs to increase cost recovery and reduce arrears. In addition, Directors emphasized the importance of reducing corruption in key public institutions, continued improvement and effective implementation of the AML/CFT framework, restructuring of large state-owned banks to foster financial stability, and developing the private sector.

 

Directors noted the authorities’ interest in emergency financing with the Fund to support system" rel="">support their stabilization and reform efforts with some Directors encouraging a longer-term arrangement to address structural challenges.

 

It is expected that the next Article IV consultation with Iraq will take place on the standard 12-month cycle. 


 

Iraq: Selected Economic and Financial Indicators, 2019–26

 

(Full Numbers Chart In Link)

 

 

https://www.imf.org/en/News/Articles/2021/02/11/pr2137-iraq-imf-executive-board-concludes-2020-article-iv-consultation?cid=em-COM-123-42639 


(Highlighted Below By JonnyV)

"Directors concurred that the recent exchange rate adjustment would help reduce external imbalances and preserve foreign exchange reserves.

They underscored that a strong fiscal framework remains critical to ensuring the credibility of the new exchange rate peg as well as minimizing future need for monetary financing of the budget. 

Directors also saw need for further monetary policy measures by the central bank to contain inflation."

 

18 hours ago, JonnyV said:

It's not all that bad.  Again, they are not going to come out and tell anyone that they will RV.  
Plus, read the part in RED. 

NEW EXCHANGE RATE PEG?  Hmm.

 

Hmmm ...  :o 

 

image.gif.578a9f129598323845c4695ebc30175f.gif

 

:D  :D  :D 

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12 hours ago, JonnyV said:

Thug, do you have an opinion on the IMF Report


Yes ...

 

:D  :D  :D 

 

 

It’s Posted On The Previous Page In A Quick Response To Shelley’s Question After The Article ... ;) 

 


Btw - The Portion That U Highlighted From It Is The Best Part Of The Article ! B) 
 

 

So Now We May Have To Promote U From JohnnyV To ‘Johnny Walker’ ! :o 
 

:lmao:  :lmao:

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Will a barrel of oil break the $ 100 barrier next year?

 
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13:30 - 12/02/2021
 
 

An expert in the oil markets suggested the issue of a rise in the price of a barrel of oil to the level of $ 100 next year, despite the oil markets being under pressure due to the Corona virus crisis.

Amrita Sen, chief oil analyst at Energy Aspects, said in an interview with Bloomberg that oil prices may rise to $ 100 a barrel next year on the back of "very easy monetary policy."

In turn, Gennady Shamal, head of the Association of Oil and Gas Producers in Russia, said that the price of oil reaching the mark of 100 dollars per barrel in the near future is a fantasy, and that the price of a barrel of oil at $ 60 is a comfortable issue for the Russian budget.

He explained that the comfortable price for producing shale oil for US companies is about $ 45 a barrel, and when the price exceeds the $ 60 mark, additional oil is put on the market, causing the price to drop.

Brent crude was trading today at $ 60.50 a barrel, and Brent rose yesterday for the ninth consecutive session, and crude is heading towards recording the longest wave of gains since January 2019.

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8 hours ago, DinarThug said:

LINK.

Brent crude was trading today at $ 60.50 a barrel, and Brent rose yesterday for the ninth consecutive session, and crude is heading towards recording the longest wave of gains since January 2019.

 

$60.50 a barrel will pay off the now discounted dinar debts a lot quicker than before the dinar was discounted. That oil price could delete Iraq's national debt likely within a few months?

Cheap dinar, high dollar sales, regionalized debt settlement through BUNA membership. Possibly a budget agreement with the Kurds. What is next on the nation building agenda?

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On 2/9/2021 at 8:09 AM, shixjr said:

That poor circulation is from trying to sleep sitting up in their new $1500 a month house!

Image result for old run down house for sale

 

Air conditioning not needed but pest control might be an issue!

Edited by Theseus
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Legal settles the debate over the possibility of filing a lawsuit against the Central Bank to restore the exchange rate

 
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08:34 - 13/02/2021
 
 

The head of the Jurists Union in Diyala, Hussein Al-Taie, resolved, on Saturday, the controversy over the possibility of filing a lawsuit against the Central Bank to restore the dollar’s exchange rate to what it was.

Al-Taie said in a statement to "the information", that “determining the value of the exchange rate for the dollar against the dinar is one of the exclusive powers of the Central Bank of Iraq, as it is responsible for the monetary policy in the country and the law according to its various contents allows it to regulate and determine the exchange rate for economic requirements,whether its decision is correct or wrong, as it is He is the one who bears responsibility and is entitled to be questioned by Parliament, as it is the highest legislative body in the country and has the right to monitor all state institutions, including the financial ones.

Al-Taie added, "It is not possible to file a lawsuit against the Central Bank to return the exchange rate of the dollar to what it was, because determining the price is an exclusive right of the bank, such as the exercise of a ministry or a specialized sector body concerned with its powers, meaning that the matter is related to the exclusive powers and it is the right of the central bank."

He pointed out that “the Iraqi judiciary intervenes through the existence of a case, and the last one must have a legal basis if it does not exist and is missing in the main. How will the judge rule,” noting that “even if it is lifted, the response of the Central Bank or its representative will have exercised its exclusive powers according to the law. He did not violate its provisions.

And the Central Bank had suddenly raised the exchange rate of the US dollar against the Iraqi dinar, without prior warning about a month ago from now, which led to confusion in the markets.

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Al-Kazemi Confirms His Government's Going On To Fight Corruption "Despite Great Pressures"

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13th February, 2021


The Iraqi Prime Minister, Mustafa Al-Kazemi confirmed, on Saturday, that his government is taking steps to fight corruption, "despite great pressures," at a time when the ambassadors of the countries of the Economic Contact Group headed by Germany, the European Union and the World Bank praised the importance of these steps.

Al-Kazemi's office said in a statement received by Shafaq News Agency that the latter received, today, the ambassadors of the countries of the Economic Contact Group that support Iraq, indicating that during the meeting, he reviewed the latest developments related to government steps in the field of economic reform, the completion of the preparation of the white reform paper, and the inclusion of related concepts In the general federal budget law now before the House of Representatives.

The Prime Minister stressed the importance of government measures to address the chronic problems afflicting the Iraqi economy, and their link to corruption and mismanagement, indicating that the reform paper carries a future vision towards building an advanced Iraqi economy that stimulates local production in the industrial, agricultural and other sectors, provides job opportunities, and invests energies. Iraq human and material in the best way.

Al-Kazemi also indicated that the government is proceeding with steps to combat corruption despite the great pressures that hinder this file as a result of harming the interests of those who have been living illegally on state resources for many years. He stressed the need to activate the outputs of international conferences held in this regard, in order to turn into concrete steps that would benefit the Iraqi economy, and provide a decent life for the citizen.

The ambassadors of the countries of the Economic Contact Group, headed by Germany and the European Union, in addition to the World Bank, praised the importance of the steps taken by the government to implement reform, and expressed their willingness to work according to the priorities set by Iraq to support the reform process and anti-corruption efforts.     

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Al-Kazemi receives ambassadors of the countries of the Economic Contact Group in support of Iraq  LINK

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As long as I have been in this investment, Iraq has been fighting corruption. Involved in a crisis. Fighting over the budget. Fighting the Kurds over oil distribution. Civil wars and genocide within it's borders. Having debt problems (claimed). And the extended list can reach heaven! I do believe that if the GOI cannot improve the economic conditions very soon, they will loose it all! I honestly will be shocked if they succeed! Through the last 15 years following this investment, I had no idea that it was going to be such a long shot. 

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1 hour ago, unirod said:

Through the last 15 years following this investment, I had no idea that it was going to be such a long shot. 

 

Hey, going for about 13 years for me I always had looked at it this way....it was either stack up Dinar and hang onto this ride, or blowing cash away in Las Vegas.  You never know! :cheesehead:

Edited by Freedomwish
Needed a whiskey shot
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There is consensus on the economic importance of reducing the dinar, and a disagreement over its timing

 

Sunday February 14, 2021

 

alsabaah-67580.jpg

 

Baghdad: Hussein Thughb 
 
 
Academics and experts in economic affairs have unanimously agreed on the importance of the decision to devalue the local currency, but the timing was not appropriate yet, and the symposium recommended the actual direction of comprehensive tax reform, as this saves billions of dollars annually, with customs collections delegated in all ports to specialized international companies. Under the investment.
 

The symposium organized by the College of Business Economics at Al-Nahrain University carried the slogan «devaluation and its impact on the Iraqi economy» the foundations of the axes of graduate students and was attended by a number of experts and specialists in economic affairs.


 Dean of the College Dr. Nagham Hussein Nehme said: “The seminar shed light on the role of the economic sectors in promoting the reality of development in the country, and I stood at the rationale for the decision to devalue the currency, which carries in it both the pros and cons, as the attendees emphasized the timing of the decision, it was preferable to be more thoughtful, and is chosen Good time ». 

 She indicated that «the step of devaluation of the Iraqi currency should have been accompanying other steps, represented in supporting industry and agriculture and creating an investment environment. It would have been a major positive step in the Iraqi economy and transforming it from a consumer country to a self-sufficient, productive country, if the factors were available. »The appropriate local factories, raw materials, infrastructure and other requirements.

In turn, the academic Dr. said. Abdul Sattar Al-Bayati: “The positive effects of reducing the value of the official exchange rate help in some circumstances to transfer demand for specific goods and services from abroad to the interior, to be reflected in the domestic product, and the rise in internal demand automatically increases the demand for local goods, which is reflected in the The need for producers and distributors of these commodities, and those working to sell them, to create more jobs, which reduces unemployment and provides a boost to the local market.

 He warned that «the low currency will not constitute attractive conditions for a migrant worker to come to the country, which provides greater opportunities and options for the local worker in his country, and the rise in the value of the Iraqi dinar in general does not encourage investment in the sectors that Iraq wishes to develop».

Postgraduate students have an imprint in this important seminar. Ibrahim Hussein Abboud said: "The government plan is based on the assumption that the devaluation of the Iraqi currency will make imported goods more expensive and give locally manufactured Iraqi goods the ability to compete, which will develop the economy after some time."

He pointed out that "the infrastructure does not need more than a competitive environment, to revive hundreds of existing projects, but in reality they are stalled or not operating at full production capacity as a result of the imported product controlling the local market."

In turn, graduate student Al-Zahra Kadhim Jawad urged “the need to support the industrial and agricultural sectors and provide all facilities. Regarding the industrial sector, there are many industries for which Iraq was previously famous, such as the leather industry and the manufacture of bricks and glass and others, and these are important industries that have an effective role in the economy, If it is taken care of and developed, as well as the agricultural sector, the most important agricultural products available in abundance are dates, in addition to grains and the best types of rice, and the optimal investment of tourism revenues in Iraq, especially Iraq is famous for its religious tourism, whose revenues are very large if invested in a form. Right". 

And she stressed "the activation of the strategy for the advancement of the private sector, which was approved by the government and is following what was stated in it carefully and seriously, as it is important, accurate and developed in a concentrated manner after studies and discussions between all parties from the government, the private sector and specialists."

LINK

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7 hours ago, unirod said:

As long as I have been in this investment, Iraq has been fighting corruption. Involved in a crisis. Fighting over the budget. Fighting the Kurds over oil distribution. Civil wars and genocide within it's borders. Having debt problems (claimed). And the extended list can reach heaven! I do believe that if the GOI cannot improve the economic conditions very soon, they will loose it all! I honestly will be shocked if they succeed! Through the last 15 years following this investment, I had no idea that it was going to be such a long shot. 


Ive had better luck at the Horse track playing long shots ... You’re right, this is the Mother of long shots !!!

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Representative economy: The US embassy intervened by changing the exchange rate of the dollar

 

08:42 - 14/02/2021


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The information / Baghdad ..

 

The Parliamentary Economic and Investment Committee revealed, on Sunday, that the US embassy in Baghdad had interfered with changing the exchange rate of the dollar, which sparked a wave of popular discontent and affected the poor classes, returning the current US presence as an "occupation."

A member of the committee, MP Hamid al-Mousawi, said in an interview followed by / the information /, that "the American embassy in the capital, Baghdad, interfered with the economic paper that the government of Prime Minister Mustafa Al-Kazemi announced earlier."

Mousawi added, "The US embassy also intervened with the issue of changing the exchange rate of the dollar, which the government had recently approved."

"The current American presence is an occupation, in contrast to the House of Representatives decision, which stipulated the removal of all foreign forces, headed by the Americans," Moussawi, a deputy for the Al-Fateh Alliance, said. End / 25

LINK

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Movement to distribute sums of money to citizens instead of the ration card items: 4 items only for the year 2021 - urgent


148137.jpg?watermark=4

 

Posted 12 hours ago

 

Baghdad today - Baghdad

 

Today, Saturday (February 13, 2021), a member of the Finance Committee in the House of Representatives, Al-Dulaimi, spoke about the existence of a parliamentary movement to add sums of money to the credit card, instead of distributing its items.

"The government cannot cover the deficit in the budget for the ration card, which amounts to more than 5 trillion dinars," the deputy said, in a televised statement, followed by (Baghdad Today).

And she added that "what was included in the ration card materials, in the 2021 budget, like its predecessors (flour, oil, sugar, baby milk."

And she continued, "There is a serious movement currently taking place inside the corridors of the House of Representatives, in order to add financial allocations, instead of distributing the ration card items, which cause a great waste of public money." 

Earlier, the Minister of Trade, Alaa Al-Jubouri, pledged the stability of the supply of ration card items for citizens during the current year; With the availability of financial allocations in the first months of the year, "so that the Ministry can contract with companies to supply these items early and within the specified timelines, which are always an obstacle to securing the items."

Al-Jubouri explained in an interview with “Al-Sabah newspaper”, that “the delay that occurred in preparing the ration items during the past year 2020; It was due to the lack of sufficient financial allocations that were given intermittently to the ministry over the months of the year, to prepare those terms due to the economic conditions that the country went through due to the drop in oil prices and the outbreak of the Corona epidemic.

He stressed that "the ministry is constantly addressing the Council of Ministers and the Economic Committee, regarding the necessity of handing over the financial allocations to the ministry at the beginning of the year, so that the ministry can contract with local companies to supply the ration and distribute it among the beneficiaries according to the specified timelines." Financial; The ministry will face difficulty in purchasing vocabulary, "noting that" the government has allocated good sums this year, in addition to supporting Parliament by providing the necessary funds for the ration. "

The Minister of Commerce revealed, "directing the ration card and distributing it towards low-income citizens by expanding the database for those covered by the card, and a ministerial committee was formed headed by the Minister of Labor and by a decision of the Ministerial Council for the Economy, to reform the ration card and ensure that its items reach those with limited income and families Which is below the poverty line through the creation of a database. The money is either paid in cash to the beneficiaries or through the vocabulary of the quota, ”noting that“ the ministry reduced the period for distributing flour material among citizens from 45 days to 35 days and by ten rations for the abundance of wheat in Ministry stores within the existing stock.

LINK

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9 hours ago, horsesoldier said:

Ive had better luck at the Horse track playing long shots ... You’re right, this is the Mother of long shots !!!

There is a unwritten law of the universe that states, "The longer the compensation is withheld, the greater the compensation".  It's really hard for a person who gets paid daily to ever get ahead.  It's been proven that folks who get paid monthly do better financially than folks who get paid daily, weekly or bi-weekly.  I am a newbie as I have only been invested in dinar about 10 years.  The guy who told me about it was worried it was going to revalue before I could get my dinar and it's been like that since then.  I was impatient for a while, but now I just go on with my life and if it revalues, I stand to make a lot of money.  If it doesn't, I am no worse off than I was when I got in.  In fact, through this site, I am better off because of the knowledge I have accumulated from the great peeps on here willing to share their knowledge.  I have learned more about investing than I ever learned on my own and am now doing quite well with some of the crypto investments.  My crypto investments might pay out more than my dinar investments.  You are correct Horsesoldier, this is the mother of long shots, but look at what we have gotten from it!

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CBI Press Release ...
 

LINK

Due diligence procedures

 

image.jpeg.fb777b43015a9489a5258420f6c06093.jpeg

 

14th February, 2021


For supervisory and supervisory purposes, this bank calls on all licensed banks, all non-bank financial institutions and all licensed electronic payment companies to take strict due diligence measures to prevent transfers and financial activities related to cases criminalized by the Iraqi Penal Code No. (111) of 1969 (amended) in Article (389) 1) from it and inform the Anti-Money Laundering and Terrorist Financing Office of any suspicious cases related to these transfers.

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And Here’s Maliki’s ‘Demands’ To Run Again ...

 

:D  :D  :D 


 

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Al-Maliki sets a "condition" for returning to the premiership ... and his coalition: No normalization with Israel

 

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14th February, 2021


The leader of State of Law, Hatat al-Rikabi revealed, today, Saturday, the truth of the intention of the leader of his coalition, Nuri al-Maliki, to return to the post of Prime Minister in the future.

Al-Rikabi said in an interview with Shafaq News, that "the leader of the State of Law coalition, Nuri al-Maliki, will not return to the premiership of Iraq, except on the condition that the masses demand his return, as he considers this case a national mandate from the people, as he stated earlier that he will not compete for the presidency position." Future ministers. "

Regarding the visit of the President of the Republic, Barham Salih to the Emirates and talking about it being the beginning of the line of normalization with Israel, he stressed that "the visit is a courtesy visit, as it was devoid of the issues of official protocol," indicating that "there is no normalization with Israel at all times and regardless of the circumstances of Iraq." 

Hatie, who is a member of the Parliamentary Security and Defense Committee, denied, "the news that there is an emergency meeting of the committee tomorrow, Sunday, to discuss the Turkish invasion of Iraq," adding that "the Turkish attack on the borders of Iraq is not new."

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The first response from Maliki's coalition after a statement by a deputy from Saeron about preventing his return to prime minister - urgent


148113.jpg?watermark=4

 

Posted 15 hours ago

 

Baghdad Today - Baghdad

 

 

 The leader of the Law Coalition, Abu Ahmed Al-Basri, Saturday 13-2-2021, considered the new election law a law designed with “against” the leader of the coalition, Nuri al-Maliki, while noting that no one has the right to prevent al-Maliki from returning to prime minister, in response to a statement by the deputy From the Saeron Alliance.

Al-Basri said in an interview with (Baghdad Today), that "the peaceful transfer of power in Iraq is a fixed principle agreed upon by the Iraqis in the constitution, and no party has the right to act contrary to what the people have approved and voted upon," pointing out that "if the people elect a suitable national figure to lead the next stage." To save Iraq, no one has the right to act other than the will of the people, which the ballot boxes will announce.

He added, "If the people decide to elect Nuri al-Maliki by forming the largest bloc in the upcoming elections, no one has the right to prevent him from reaching the premiership and forming the next government," stressing that "the new election law, in which the various departments have been adopted, was designed against some political blocs, including a state The law, especially al-Maliki, due to his great popularity, which used to bring more than 28 seats in Baghdad from his votes alone.

Al-Basri indicated that "the State of Law Coalition approved the election law and did not violate the will of the House of Representatives, but respected it," stressing that "if Maliki wins and gets the largest bloc and submits his candidacy for the prime minister post, then it is not right for any one or the rejecting party."

Before that, Manahel Al-Hamidawi, a representative of the Sairoun coalition supported by the leader of the Sadrist movement, Muqtada al-Sadr, attacked the leader of the State of Law coalition, Nuri al-Maliki, on Thursday, while his recent statements were described as confused, and behind which he wants to write a new era to reach the premiership again.

Al-Maliki said in a press statement that “I will not allow again that the“ duck ”terrifies people, as I did not allow previously in the event that I assume the premiership again.

Al-Hamidawi said in a televised statement followed by (Baghdad Today), that "Nuri al-Maliki's recent statements are confused and he is seeking through them to win new political partnerships in order to reach power again, but the Sadrist movement will not allow those who hand over a third of Iraq to ISIS to assume the premiership again."

She added, "We cannot repeat the tragedy of ISIS in Iraq again," noting that "the Sadrist movement has a large veto on the assumption of al-Maliki as prime minister again."

And the former Prime Minister Nuri al-Maliki announced two weeks ago, his rejection of international supervision of the upcoming Iraqi elections.

Al-Maliki said in a televised interview: “Putting the elections under international supervision is very dangerous,” stressing that “no country accepts international supervision of its elections,” explaining that it represents a “violation of national sovereignty,” while he agreed to “observe only”.

Regarding the safety of the electoral process, the former prime minister expressed his fear of what he called "the effect of fugitive weapons on the elections," which he described as a "battle."

He explained that "no elections can be held without electoral security," stressing that "not holding them is better than holding them while they are rigged."

Last month, the Council of Ministers voted unanimously to set October 10 as the date for holding early elections instead of June 6.

This came two days after the Independent High Electoral Commission (official) proposed to postpone parliamentary elections in order to “complete the technical aspects of registering political parties, distributing electoral cards, and ensuring international monitoring.”

Last October, parliament passed the election law after a debate over the constituencies clause, and the president approved it.

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