Parliamentary Integrity: Parliament will discuss an important law that will make a qualitative leap in investment

Information / Baghdad …The Committee on Parliamentary Integrity, Thursday, that the House of Representatives in the process of discussing and passage of an important law would make a qualitative leap in the field of investment and boycotted the external contracts.

A member of the Committee Ahmed al-Mashhadani, in a statement to the information, that “the House of Representatives will be included in the agenda of its first session a very important law to make a qualitative leap in the field of investment and is an important aspect of fighting corruption.”

Al-Mashhadani added, “The law will regulate and involve the public and private sectors in order to cut off external contracts and foreign importation.”

It is noteworthy that the Council of Ministers approved in a previous session the draft law of partnership between the public and private sectors and submitted to Parliament for the purpose of approval. Ends / 25 m

Almaalomah.com

BGG ~ If you would like to buy or sell Dinar  – Call us, leave a voicemail, send a text (615-509-6256 – anytime), an e-mail or FB message us. These all work.

Our Current “Buy-Back” Price is $850 per million (the current CBI rate).

www.TheDinarExchange.com

Breitling – Dinar Guru Why are [brokers] willing to pay a lot more than they used to to buy your dinar back? They’re selling it to these guys [large currency investors] that’s why. It’s that simple…It’s hard getting money out of Iraq. It’s not easy. It would come from Iraq to Jordan to the United States. And from the banking industry in the United States it went from the [CBI] auction floor to Bank of America to Chase Bank. And that’s where I bought my currency – Chase Bank. So that’s a couple routes on how that currency gets here. But it’s dried up. That system doesn’t work anymore. So there isn’t as much dinar in the market…

BGG ~ I beg to differ with Breitling’s synopsis as to why brokers are willing to “pay a lot more” than they used to – to buy Dinar back.

It’s because THEY HAVE TO. When we (Dinar Updates / The Dinar Exchange) first got into the “Buy – Sell” market we did two things:

1) We started paying A LOT more than everyone else as a “Buy-Back” price. We still are. We currently pay $850 per million (for uncirculated). Quick turn – no gimmicks.

2) We also started selling for A LOT less than everyone else. 

Our current sales price is $975 per million (shipping included).

The spreads these jokers were making on people were JUST RIDICULOUS. They were paying $500-600 on the buy side and then getting $1100-1300 on the sell side. CRAZY!!

It just wasn’t fair at all.

The real reason they are paying more – isn’t that they are “willing to”…

It’s that they HAVE TO.

If they don’t – they won’t get any and they won’t be able to compete.

It is just that simple – economics in action.

Government of Iraq – الحكومة العراقية

The @IraqiGovt is working with international companies as well as Iraq’s private sector, to build a sustainable, affordable and reliable electricity infrastructure that serves the needs of all Iraqis. Watch this short video to learn more: #InvestIraq

The @IraqiGovt is working with international companies as well as Iraq’s private sector, to build a sustainable, affordable and reliable electricity infrastructure that serves the needs of all Iraqis. Watch this short video to learn more: #InvestIraq pic.twitter.com/OMv9gKUMFJ

— Government of Iraq – الحكومة العراقية (@IraqiGovt) September 13, 2019

Association of Banks Holds Workshop on “Guide to ICT Governance Controls”

Economy News – Baghdad: The Association of Iraqi Private Banks, on Thursday, a special workshop “Guide to the controls of governance of information and communications technology,” which was issued by the Central Bank of Iraq.

The workshop dealt with the main paragraphs in the guide issued by the Central Bank and the requirements and stages of its implementation and the mechanism of issuing reports.

The manual is considered as binding rules and regulations for all banks and electronic payment companies operating in Iraq.

The workshop targeted IT managers and risk managers.

Economy-news.net

Deputy: The next legislative term will be hot

A deputy from the movement of wisdom Hassan Khalati, on Thursday, that the next legislative term for the work of the House of Representatives “hot”, expected to include controversies and disagreements because of a number of important and sensitive laws, including the budget and oil and gas and the Federal Court.

Khalati said in an interview with Alsumaria News, that “the work during the second legislative term was not enough and satisfactory to the masses, who were waiting for a lot of laws relating to social needs,” noting that “there are many draft laws and proposals that were supposed to pass but not complete the cabinet The preoccupation with a number of cases and the lack of quorum for a number of sessions for various reasons were the reason for the obstruction of the passage of those laws. ”

He added that “the House of Representatives has led, in my view, a good performance, but it is not at the required level and that we aspire to,” stressing that “we can achieve the most by the next legislative chapter.”

He stressed the need to “have a greater focus on service laws, especially as there is an upward performance from the first legislative chapter to the second and we will try to continue this performance upward,” pointing out that “the House of Representatives should bear the legal responsibilities in passing the largest number of important laws.

Alsumaria.tv

After the indictment of Nuri al-Maliki… UAE detonates a surprise for the return of “dollars”

Dubai police in the UAE on Wednesday issued an official statement on the rolling video of billions of dollars in aircraft.

Colonel Faisal Issa al-Qasim, director of the Dubai Police’s Security Media Department, said the funds were not for any Arab official as he had promoted, but for an African gang that tried to defraud the person in the video.

“The African gang tried to defraud the person by identifying them through social media, and then communicated with them and tempted them to double their money, luring him to an apartment containing counterfeit dollar boxes, and then filmed him in an attempt to blackmail him and give them money, then hurried To inform the General Department of Criminal Investigation and Investigation which in turn has taken the necessary measures to arrest them. ”

Colonel al-Qasim said that “the person would have fallen victim to the gang without his awareness and the speed of notification to the General Directorate of Investigations and Criminal Investigations, which in turn hastened to uncover the truth.”

Maliki and Gaddafi accusations

The whirlwind of “billions of funds” began when the Lebanese media, Maria Maalouf, published a video to seize funds filled with “billions” of dollars, by the UAE authorities.
“Security authorities at Dubai airport seize a shipment of funds full of dollars stolen from the Iraqi treasury,” Maalouf said.

“The shipment is estimated at hundreds of billions of dollars aboard a private Iraqi plane, belonging to Nuri al-Maliki, which he intended to smuggle to a European state.”

“These funds are equivalent to the budget of 10 Arab countries for five years,” she said.

But the leader of the State of Law coalition and former Iraqi Prime Minister, Nuri al-Maliki, spoke about his relationship to a video of “boxes filled with billions of dollars.”

Maliki’s bureau chief, Hisham al-Rikabi, said in a tweet that there was no link between the former prime minister and the “billions of funds.”

“Your lies will not fool anyone anymore. I think this passage is old, and the owners have nothing to do with it,” Rikabi said.

“According to the information, these funds are Libyan smuggled, belonging to the era of the Gaddafi regime.”

The video returned to another case of controversy, after linking the director of al-Maliki’s office that video to the late Libyan Colonel, Muammar Gaddafi, before issuing a statement Dubai police.

Shafaaq.com

Dubai police issue a statement on the alleged seizure of smuggled Iraqi funds belonging to Nuri al-Maliki

Baghdad Today: Dubai Police issued a statement on Wednesday, September 11, 2019, on a video that its publisher claimed was to seize contraband funds linked to the leader of the State of Law coalition, Nuri al-Maliki.

The Lebanese journalist Maria Maalouf published a video that said, “The security authorities at Dubai airport seized a shipment of funds full of dollars stolen from the treasury of Iraq, estimated at hundreds of billions of dollars aboard a private Iraqi plane belonging to Nuri al-Maliki, which was intended to be smuggled to a European country.”

“This money is equivalent to the budget of 10 Arab countries for five years.” Colonel Faisal Issa Al Qasim, Director of Security Information Department at Dubai Police, explained that “an African gang tried to defraud the person in the video, by identifying them through social media and then communicated with them and seduced them by their ability to double his money, luring him into an apartment containing dollars boxes.

They then filmed him in an attempt to blackmail him and give him money, then he rushed to inform the General Directorate of Criminal Investigations, which in turn took the necessary measures to arrest them. ” Al-Qasim said that “the person would have fallen victim to the gang without his awareness and the speed of notification to the General Directorate of Investigations and Criminal Investigations, which in turn hastened to uncover the truth.”

Al Qasem called on members of the public to be cautious and cautious about communicating with strangers and fake ads in social media and disbelieving them, and to report them through ecrime.ae’s electronic communication platform or smart service “Police Eye” through the Dubai Police application or call 999 or 901.

In the same context, commented Hisham al-Rikabi, director of the Office of the leader of the coalition of law Nuri al-Maliki on the video in a tweet on his site followed by (Baghdad today), saying: “Your lies will not fool anyone after today, I think this section is old and according to information that the money is Libyan smuggled Going back to the Gaddafi era. ”

Shafaaq.com

Iraq at the tail of the attractive countries for investment

BAGHDAD: Iraq ranked 106th in the list of countries attracting foreign investment out of 109 countries surveyed. The main reasons for this significant decline was the weak financial structure of the state due to the lack of clarity and transparency of the application of laws. According to economists.

The weak ICT infrastructure, the lack of economic blocs and the lack of access to credit facilities have led to this low status.

In spite of the availability of important factors attractive for investment as licenses and the availability of raw materials and natural resources, human and the right environment for work, but these factors were affected by the negative factors that led to this decline.

Iraq occupied the penultimate position among the Arab countries in the same list
and the United Arab Emirates ranked first among the Arab countries where it ranked 23rd globally, followed by Qatar at 37th place and Bahrain at 41st place, Saudi Arabia at 48th place globally.

It is clear that the main reasons for the weakness of investment are due to the established reasons and not fixed and therefore the ability to attract foreign investment may be faster than expected in the case of an executive and legislative authority whose primary objective is to improve the investment and the absence of the reasons for its weakness.

Alforatnews.com

CBI MAKES BIG BIG ANNOUNCEMENT… GETTING READY FOR THE “RECOVERY” OF THE DINAR TO IT’S FORMER WEALTH!!

Central Bank announces strategic banking projects for the next five years

​By Samir al-Nusairi

In the monthly meeting of the government and private banking leaders, Mr. Ali Al-Alak, Governor of the Central Bank of Iraq, confirmed the continuation of the Bank’s approach to stimulate the economy and build the capacity and development of the banking sector in order to move to the development role and contribute to financing investment and reconstruction projects.

The exchange rate as the main achievement of monetary policy applications and one of its important objectives, which has positive repercussions on the revitalization of the economy and stabilize the monetary and financial system.

Ed oil as a key resource for revenue and continuing imports of all goods and not to encourage and support local production will inevitably lead to the continuation of the bank offer to sell dollars, according to its law because the reason is not supply but demand for the dollar for the reasons above.

At the meeting, the Central Bank announced the launch of its strategy for the next five years to implement 21 projects to develop and develop banking business after it was able to achieve most of the main and sub-objectives of its first strategy for the years ( 2016-2020 ), which has become possible to start the process to achieve the full objectives of monetary policy and move to The ranks of international banks sober certified by specialized international financial organizations.

One of the strategic banking projects, whose objectives and future impact have been defined according to a timetable for each project, the implementation periods and reaching the target during the years ( 2019-2023) are development projects related to financial inclusion such as the settlement of salaries and projects to restore confidence in the banking sector such as the deposit guarantee company and structural development projects.

And administrative and legal as a draft government guide and projects for training and rehabilitation and capacity-building and classification of banks and projects to move banks from the role of banking to contribute to development as a project of Islamic finance pool. It should be noted here that although the Bank has started planning these projects since 2016, but also adheres to the government curriculum as far as the banking sector and the targets of the National Development Plan ( 2018-2022 ) and the vision of Iraq 2030.

The central bank’s emphasis on working in accordance with its approach to economic reform since 2015 is anchoring the reality that the central bank and its current administration embody a bright spot in an unstable economic environment for subjective and objective reasons.

The results highlighted the experience of the Central Bank in supporting the national economy while maintaining its functions and objectives specified in its law, and its contribution to achieve economic resilience and promote the decisive victory over terrorism.

In addition to the results achieved on the scope of applications of monetary policy internally and convince global financial organizations, the most important official reports issued by them confirmed the success of the Central Bank’s policy in achieving an important transition to the Iraqi economy and achieve stability in the exchange rate and the recovery of the Iraqi dinar and raise its purchasing power, one of the objectives of strengthening the economy.

In addition to his contributions and multiple initiatives to stimulate the economic cycle and enhance liquidity in banks and reach to re-coordinate bridges between the financial and monetary policies and propose new economic and structural policies to prepare public budgets for the coming years on the basis of programs and not items and attempts to restore confidence in the banking system.

The Central Bank has demonstrated its clear ability to interact, analyze business constraints and create conditions to overcome challenges. To build a solid national economy.

Economy-news.net