BANK OF BAGHDAD (Announcement)

BANK OF BAGHDAD


With 36 branches, the Bank of Baghdad is one of the largest private commercial banks in Iraq. Our vision is to integrate technology into customer service. The Bank of Baghdad has emerged as one of the largest banks in the region providing trusted high-quality financial services.

“Dear customers.. we would like to inform you that our correspondent bank in US dollar currency is Citibank of New York through our account with the following details:

Citi bank N.A.
SWIFT CODE: CITIUS33XXX
ROUTING: 021000089

Therefore, please make sure to use the above account details for all your incoming transfers to your accounts with the Bank of Baghdad ”

Bankofbaghdad.com.iq

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Sadr issued a statement on the 25 demonstrations this month

Sadr issued a statement on the 25 demonstrations this month

Sadr issued a statement on the demonstrations of the 25 of this monthThe leader of the Sadrist movement, Muqtada al-Sadr, on Saturday, a statement on the demonstrations to be launched on the 25th of this month, stressing that all politicians and governments are living in horror and hysteria of the popular tide.

“You may be determined to order you to demonstrate on the 25th of the Gregorian month,” Sadr said in a statement received by Alsumaria News.

“All politicians and governments are living in horror and hysteria from the popular tide,” he said.

Sadr pointed out that “they all want to make some temptations to silence you, such as appointments, salaries and the like, all of them have prepared themselves for the worst-case scenarios and all gathered to find solutions .. But there will be no solution,” pointing out that “the government is completely unable to reform what Dam and what was built on error is falling apart. ”

Sadr said that “all of them knew they surrendered themselves to those who are out of bounds and they will not be able to make any decision without Muaqathm .. each according to its direction, and all of them ascertains that Iraq has become an arena for settling internal and external accounts, and all of them caved that the majority of the people do not want them , especially after The shroud revolution added a new splendor. ”

Al-Sadr stressed that “therefore they resort to cunning and savvy Vnatonkm fools, but they are fools, but do not feel, and calling you engineers and supported from outside the border and all their sanctuaries and pleasures from outside the border, and Nnatkm Baathism and betrayal with the occupier and we and you will chant as our throats, both Baathi both America, and today they are rumored that you will take up arms and I don’t think you will, you are not bloodthirsty. ”

Sadr stressed that ” Iraq is not reformed in terms of spoil and to unite as one people and for one demand and one goal and one slogan,” stressing saying “you do not disperse .. Vtkm your unity,” he explained, “to know that you are in front of the eyes of the whole world .. “There is enthusiasm in the hearts of the Arab peoples, the first of which is Lebanon .”

Al-Sadr said that “you want to be free from corruption. You date that you will. ”

He said that ” Iraq Honestly in your necks do not waste it, and if you want to refrain from the revolution … You have another revolution through the ballot boxes with an honest international hand and without the participation of the current politicians you want to prevent them not to return to you corruption and loss. ”

Sadr warned by saying, ” Iraq army , this is your people, what are they?

“Neighbors, let the people decide their own destiny,” Sadr said

Alsumaria.tv/news

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

We have Dinar – Our Current Price is $975 per million.

www.TheDinarExchange.com

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Halbousi assures US Assistant Secretary of State of the importance of opening investment to international and local companies and activating the private sector

Halbousi assures US Assistant Secretary of State of the importance of opening investment to international and local companies and activating the private sector

Al-Halbousi assures US Assistant Secretary of State of the importance of opening investment to international and local companies and activating the private sectorBaghdad / Al-Ghad Press: Speaker of the House of Representatives Mohammed al-Halbousi discussed with US Assistant Secretary of State for Near Eastern Affairs David Schenker on Wednesday bilateral relations and economic and security cooperation.

According to a statement issued by the Office of the Speaker of the Parliament received a copy of “tomorrow,” Halbousi “stressed the importance of opening investment to international companies and local and activate the private sector, to provide jobs for young people, reduce unemployment, and work to combat corruption.

“The statement added that the two sides “discussed the political developments in the country, the file of demonstrations, the most prominent demands of demonstrators and ways to address them, as well as discussing the package of decisions and reforms issued by the House of Representatives and the ministers to meet their demands, and emphasize the importance of peaceful demonstrations, the protection of demonstrators, freedom of expression and non-aggression.

On demonstrators and security forces, preventing engineers from making a gap between them. “The statement also pointed out that Halbousi and Shankar “discussed the latest international and regional developments, and their impact on Iraq and the region, and cooperation to achieve stability.

“For his part, asserted US Assistant Secretary of State “cooperation with Iraq in the war against terrorism, and the pursuit of terrorist cells of ISIS, and support the Iraqi government in the file of reforms.”

Alghadpress.com

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61 Iraqi Officials Sacked over Protests

61 Iraqi Officials Sacked over Protests

The Iraqi cabinet has sacked 61 officials over recent protests that killed more than 100 people and injured thousands earlier this month, Anadolu reports.

Leaked documents obtained by Anadolu Agency showed that the decision was taken during a cabinet meeting on Oct. 14.

Protests rocked the capital Baghdad and southern provinces earlier this month against high unemployment and government corruption.

An Iraqi court on Wednesday issued arrest warrants for two police officers in connection with the death of protesters during the demonstrations.

Iraq ranks 18 on Transparency International’s corruption scale, which goes from zero (highly corrupt) to 100 (very clean).

Discontent has been growing in Iraq in recent years due to rising unemployment and rampant corruption. Many in the country have limited access to basic services such as electricity and clean water, and unemployment is around 10%.

(Source: Middle East Monitor)

Iraq-businessnews.com

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The Special Criminal Court for the corrupt will be similar to the court of Saddam and symbols of the former regime

The Special Criminal Court for the corrupt will be similar to the court of Saddam and symbols of the former regime

Source: The Special Criminal Court for the corrupt will be similar to the court of Saddam and symbols of the former regimeThe criminal court for the corrupt will be similar to the court of former president Saddam Hussein and symbols of the regime, a political source revealed.

“The government intends to establish a special and independent criminal court, similar to the court of Saddam Hussein and his symbols,” the source told Asharq al-Awsat newspaper .

He added that “the task of this court is to try the corrupt and not to tolerate them,” adding that “it will be part of the judicial system.”

“The government believes that there is no solution to fight corruption except through a specialized court that does not belong to any party.”

Alsumaria.tv

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International arrest warrant for Baghdadi and ISIS leaders

International arrest warrant for Baghdadi and ISIS leaders

International arrest warrant for Baghdadi and ISIS leadersFrench judges specialized in terrorism cases have issued international arrest warrants for ISIS leader Abu Bakr al-Baghdadi, former ISIS official Abu Muhammad al-Adnani and responsible for foreign operations.

The news of the arrest warrants issued the French news channel BFM TV , referring to unofficial statements quoted by sources close to the investigation services.

According to these statements, the arrest warrants were issued as part of a legal investigation launched in France on 8 October on “suspicion of establishing and leading a criminal terrorist group”.

Earlier this month, lawyers for relatives of victims of the Paris attacks on November 13, 2015, demanded such a request against Baghdadi, on the grounds that he was “at least a partner” in the attacks.

Alsumaria.tv

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Maliki: I am a suspended deputy and we are not a deep state

Maliki: I am a suspended deputy and we are not a deep state

Maliki: I am a suspended deputy and we are not a deep stateThe head of the coalition of state law, Nuri al-Maliki, on Thursday, he was a deputy suspended, while noting that the Dawa party is not a deep state.

Maliki said in an interview with a number of satellite channels, including Sumerian, “I am a deputy in the parliament with a temporary suspension and perhaps permanent,” noting that “does not favor the early elections under the supervision of the United Nations.”

He added that “the share of the rule of law has been reduced from special grades,” pointing out that ” the Baath Party is the deep state in Iraq and not the Dawa Party.”

Alsumaria.tv

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Iraqis are floating on oil … and sinking into poverty, unemployment and corruption

Iraqis are floating on oil … and sinking into poverty, unemployment and corruption

How can citizens in a country that is the second largest producer of OPEC crude oil suffer all this poverty and sink into unemployment? An easy question to answer is to know the extent of corruption that has absorbed the blood of the Iraqi economy for years.

Amid growing living crises and rising regional political divisions, thousands of Iraqis took to the streets , demanding intuitive rights: jobs, social justice, and a halt to corruption .

The homes of Iraqis lack safe drinking water and electricity, and the quality of public services is so low that citizens have no confidence in getting out of hospitals alive, amid a significant drop in education levels. Decrepit roads, infrastructure and transportation often do not suggest that the country receives billions of dollars a month in oil sales.

Since 2004, Iraq’s national income has been estimated at more than $ 1 trillion, depending on oil revenues exported in the same period.In addition, governments after the occupation received nearly $ 200 billion in grants, loans and various assistance, most of which came from the United States and various European countries.

According to official figures from the Iraqi Ministry of Planning that the country’s poverty rate reached 22.5% in 2019, which was confirmed by the ministry’s spokesman, Abdul Zahra al-Hindawi, earlier. That is, about a quarter of Iraqis are poorIn figures, 8.6 million people suffer from poverty in this oil country.

Iraq is one of the largest Arab countries producing oil, and Oil Minister Jabbar al-Luaibi revealed in August that his country is working to raise production in the coming years to 7.5 million barrels per day, up from about 4.5 million barrels per day now. The size of Iraq’s proven oil reserves is about 112 billion barrels, and Iraq holds the largest reserves in the world after Saudi Arabia.

As of December 2018, the unemployment rate for adults (15 years and over) was 13.8%, according to a report by the Ministry of Planning and the Central Statistical Department in cooperation with the World Bank. Unemployment rates for the 15-24 age group increased by 27.5%.

In September, the Parliamentary Committee for Economy and Investment announced that unemployment and unemployed graduates had exceeded 42% across the country and that the number of unemployed graduates could exceed 5 million at present.

Iraq, on the other hand, ranked 168 out of 180 countries in the Corruption Perceptions Index released by Transparency International’s 2018 report.

The Central Bank of Iraq announced in July 2018 that “the total revenues of Iraq between 2005 and 2017 amounted to $ 706 billion, of which $ 703.11 billion was spent.”

While Rahim al-Darraji, a member of the Iraqi Integrity Committee in parliament in 2017, confirmed that there are more than 5,000 fake contracts in construction projects and infrastructure, amounting to $ 228 billion.

“The number of fake projects in Iraq since 2003 (after the US-British invasion), and up to 2019, more than 6,000 projects,” said Jassem al-Bukhati, a member of the Iraqi Parliament’s Services Committee. It is about 200 trillion Iraqi dinars, or about $ 178 billion, over the past 16 years.

Also, the Commission on Parliamentary Integrity announced at the end of 2018 on the loss of Iraq more than $ 350 billion through currency smuggling, auction of the Central Bank and lagging contracts and fake projects.

Iraqi Prime Minister Adel Abdul Mahdi, who was oil minister in 2015, said Iraq’s budgets since 2003 amounted to $ 850 billion. Corruption has left the country with $ 450 billion, with a 6 percent GDP for government employees, or 20 minutes a day, he said.

“Personal corruption, which some estimate consumes 3% of the total,” said Abdul-Mahdi.
He added that: “huge amounts means that what is stolen by fraud methods .. At least $ 2 billion annually, and this is a great disaster must be addressed and reduced to get to stop.”

In fact, corruption exceeds $ 2 billion annually, and a senior official pointed out in a statement earlier to the “new Arab” that “more than 40 cases of corruption in Iraq totaling nearly $ 100 billion is not allowed to open, such as the Russian arms deal and the Ukrainian arms and prefabricated schools deal Gas power plants, Ministry of Commerce’s rice and flour processing tenders, explosives detectors, Central Bank dollar auction, agricultural finance loans, industrial finance, oil smuggling, construction contracts, investment licenses, army salaries and support council salaries. ”

In 2004, during the US-led Coalition Provisional Authority following the US-British occupation of Iraq, the Central Bank of Iraq established the so-called “hard currency daily auction” as part of its efforts to revalue the Iraqi dinar. Sometimes this amount is usually from Iraqi oil revenues sold.

The auction has continued to operate since then. Iraqi observers and officials estimate the value of the dollar sold in this auction over the past fifteen years, more than $ 300 billion, most of which came out of Iraq to other countries without achieving benefit for the Iraqi dinar and its value, which remains under the logical limit of the fifth largest oil producer in the world (1200 dinars per dollar).

Alaraby.co.uk

BGG ~ Wow – did you guys read this article? Seriously?

They are saying almost exactly half of all the revenues Iraq produced between 2005-2017 were wasted due to corruption!!

“…350 billion through currency smuggling, auction of the Central Bank and lagging contracts and fake projects”.

They also go on to talk about the oil reserves, the plan to revalue the Dinar and the current undervaluation of the Dinar;

“…which remains under the logical limit of the fifth largest oil producer in the world (1200 dinars per dollar)”.

Whoa… not bad. Not too bad at all. It’s no wonder the Iraqi people are rising up. They are sick of it. Good for them.

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Abdul-Mahdi: We will issue a list of the top corrupt in the coming hours

Abdul-Mahdi: We will issue a list of the top corrupt in the coming hours

Abdul-Mahdi: We will issue a list of the top corrupt in the coming hours

Abdul-Mahdi: We will issue a list of the top corrupt in the coming hours

Almirbad.com

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