Governmental advisor: Central bank reserves are sufficient for 14 months

{Baghdad: Al Furat News} The Prime Minister’s Adviser for Financial Affairs, Mazhar Muhammad Salih, confirmed that Iraq’s reserves with the Central Bank are high and reassuring at the present time.

Saleh said in a press statement, “The cash issue of the national currency is covered by ultra-high, stable and very strong.”

He added, “The Iraqi monetary reserve is consistent with indicators of the so-called adequacy of reserves, as foreign reserves cover approximately 13-14 import months compared to the global scale by three months, so they are high and currently reassuring.”

Saleh pointed out that “the central bank manages its reserves with high accuracy and according to internationally approved investment guidelines.”

Alforatnews.com

Brigades withdraw from the popular crowd to protest the mandate of “Abu Fadak” and the policy of the axes

A source close to the Popular Mobilization confirmed today, Wednesday (18 March 2020), the withdrawal of brigades from the crowd and its joining of the Iraqi Ministry of Defense, in protest against the mandate of “Abu Fadak” and the policy of the axes that some factions follow.

“The brigades that came under the command of the Ministry of Defense are: Major General Ali Al-Akbar, Al-Abbas Combat Brigade, Imam Ali Brigade, Ansar Al-Marjiyeh Brigade,” the source said, adding that its association will be operational, as well as a training link and a career. Military supply. ”…

(Read More)

Rudaw.net

David M. Witty ~ In Iraq, 4 brigades withdraw from PMF (Hashd) & align with Defense Ministry in protest of Abu Fadk becoming PMF Chief of Staff & axes policy…

Al-Zarfi begins his contacts to form the government and the Iranian axis refuses to dialogue with him

Baghdad / Iraq News Network – Political sources said, on Thursday, that Prime Minister-designate Adnan Al-Zorfi started his contacts today to form his government.

Adnan Al-Zorfi, the first steps in forming his government through preliminary contacts with a number of leaders of political blocs, seeking support and support for his prospective government, which is supposed to be presented to Parliament within only one month to gain his confidence, at a time when the judiciary appeared divided over Commissioning decision. ”She added, that “Al-Zorfi’s contacts included a number of representatives and leaders of different political forces, which are a feeling of pulsing and paving the way for presenting a project and the idea of ​​his government to them.”

The sources continued, “None of the political forces rejecting Zorfi, the most prominent of which is the“ state of law ”, led by Nuri al-Maliki, and“ Al-Fath, ”led by Hadi al-Amiri and head of the militia of the Hashd, Faleh al-Fayyad and Ammar al-Hakim; you have not agreed to hold any dialogue with him until now, because of their position rejecting him on the basis of an order from Iran because he is a client of the Great Satan according to their claim, as well as rejecting the mechanism mandated by President Barham Saleh and considering it Unconstitutional.

Aliraqnews.com

“WikiLeaks” on behalf of the designated Prime Minister of Iraq: an American, hostile to Iran and Syria

Yesterday, Barham Saleh, the Iraqi president, assigned former Najaf governor, Adnan Al-Zorfi, to form a new government that is to choose the last moments, which did not win the support of all the effective Iraqi forces, most notably the “Building Alliance” (a coalition that includes Hadi al-Amiri, Nuri al-Maliki, Faleh al-Fayyad, Khamis al-Khanjar, and others. …), which was explained by Zorafi’s refusal for many reasons, the most prominent of which can be considered his political bias towards the Washington camp since 2004, and the suspicion of his involvement in burning the Iranian consulate and the shrine of the founder of the “Supreme Islamic Iraqi Council” Muhammad Baqir al-Hakim, in Najaf.

However, who is Zarrafi who differed over the assignment of political parties and movements in Baghdad?

In one of the WikiLeaks documents leaked from the US State Department telegrams bearing the number (09BAGHDAD1506_a), Al-Zarfi presented himself during his meeting with the American “reconstruction teams officers” on June 2, 2009, as “a consensus candidate to transfer Najaf beyond the era of political fighting.” ». Al-Zarfi, who holds American citizenship and speaks fluent English (as described in the telegram), said that the main goal that he will work on during his assumption of office is “to combat and dismantle the Iranian and Syrian spy networks in Najaf.”

During the meeting, the newly-appointed Prime Minister talked about the details of his meetings with the religious authority in Najaf, Mr. Ali Sistani, and then complained to the Americans with “open and systematic” about his bitter experience with the former governor, Asaad Abu Jalal and his deputy, Abdul Hussein Al-Abtan, saying that they were not satisfied. He expelled those close to him, but also assassinated his most important political allies. To confirm the bad relationship with them, Al-Zrafi revealed to the Americans that “after leaving office, Abu Jalal took the furniture of the office and the house, and he refused to return the motorcade.” As for his relationship with Abtan, I tell him that “at one of the funerals he attacked me and described me as an agent of the Americans, and he said that he will send me back to America.”

According to what was stated in the telegram: “Al-Zarfi smiled and said,” Maybe I will return him to Iran. ” When asked about his two Sadrist representatives, Mohsen Sharif Razzaq and Hassan Hamza Al-Zubaidi, Al-Zarfi described them as “activists and working without fatigue”. Sharif described him as a “more moderate moderate than a chest, but he is afraid to meet the Americans.”

During their talk about the security situation, Al-Zarfi told the American officers that he intended to make several security changes, and he repeated – according to the document – “more than once that this will happen slowly and cautiously during the next year”, stressing that his primary concern is “the operations and cells of the Syrian and Iranian intelligence in Najaf” . He pointed out that he intends to establish a “separate intelligence cell to work with the American forces in the province,” recognizing that the use of the province’s funds to create this apparatus “may be illegal.”

And it appears in the telegram that when he was asked directly about the change of the director of police, the former commander of the Badr Organization and close to Abtan, Major General Abdel Karim Al-Mayahi, he responded firmly and in one word, “patience,” adding that “he will not be the first official to be changed, and it takes time.”

The document states that the designated Prime Minister considers the “Mahdi Army” and the “Badr Organization” two outlawed movements, operating on behalf of Iran and threatening the province and US forces. Al-Zorfi said that Abtan “gave official clothes, badges, and government cars to people to carry out operations against the American forces.” “I have many indications that Iran was involved in the attacks, but I will now prevent prosecution of the forces responsible for the operations,” he added. At the end of the meeting, Al-Zorfi told the American officers, “I hope to tell you that the Sadrists in Najaf are peaceful, but some of them are practicing violence, to target the security of the province and your forces.” As for the impression that Al-Zrafi left among his American speakers, he is “the owner of Ham’s head, and he has a number of hostile relations in Najaf.”

Al-akhbar.com/Iraq

Victory suggests the possibility of passing the Al-Zorfi government in parliament

BAGHDAD – Mawazine News: Al-Nasr coalition suggested, on Thursday, the possibility of passing the government of Prime Minister-designate Adnan al-Zarfi in parliament.

A coalition member, Ayat Al-Muzaffar, said, “There are large blocs supporting Zrafi, and there is a possibility to pass his government in parliament, and if there are opposition blocs, it is their right to exercise their role in Parliament according to constitutional mechanisms and not reflect this on the street.”

Al-Mudhafar indicated, “Public opinion and the general approach of the blocs view positively of Al-Zrafi, and we believe that there is consensus on his support.” Ended

Mawazin.net

US Embassy in Iraq denies it has any involvement in the nomination of Adnan Zurufi as new Iraqi PM.

Shafaq News / The American Embassy in the capital, Baghdad, denied, on Wednesday, its interference in the mechanism of choosing the Prime Minister-designate Adnan Al-Zarfi…

(Read More)

Iraqnewsapp.com

Report: Iraq is in a good position to pay off its external debt

A report of the Australian Economic Investor Daily newspaper, which specializes in investment, confirmed on Wednesday that Iraq is in a good economic position that enables it to meet its external debt.

The report, which was translated / information / in an interview with the economic analyst Mark Baker, the director of investment and emerging market debt at the Aberdeen Standard Investments Group, in response to a question about the bonds issued by the Iraqi government, stated that “ Iraq is a net external creditor and this means that its external assets are greater than its external debts which It means the country is in a good position to stick to its debts. ”

“Each country is subject to a unique set of macroeconomic engines. There are no emerging markets or similar borders. In the case of Iraq , regional political geography and internal politics are key factors. But at the same time, it is consideredIraq is a net external creditor, which means that its external assets are greater than its external liabilities. This means that the nation is well placed to service its debt obligations.

He pointed out that “border markets tend to assume more credit risk than the prevailing emerging markets. However, it does not necessarily follow that volatility is higher, especially for local currency bonds. Border bonds in local currency are less accessible and require very careful analysis and oversight, which some international investors may be unwilling or unable to implement. As a result, most of these markets suffer from a significant lack of ownership and are therefore less sensitive to global risk factors affecting the more common emerging markets. Ended / 25 z

Almaalomah.com

Integrity Commission reveal the reasons behind the delay in the recovery of Iraqi funds

Baghdad – The decision of the Integrity Committee in the House of Representatives, Abdul Amir al-Mayahi, revealed on Sunday the reasons for the delay in the recovery of Iraqi funds, while pointing to challenges facing the work of the oversight bodies.

Al-Mayahi said in a statement reported by the Iraqi News Agency, and seen by Mawazine News, “There is corruption in the file of recovering Iraqi money abroad, especially the money of the corrupt or even the money of the previous regime,” noting that “bribery is paid to prevent the recovery of these funds.”

He pointed out that “there is a weakness in the management of the money recovery department in the Integrity Commission, in terms of follow-up or seriousness in the work, whether those stolen by the current corrupt, or the cronies of the previous regime,” stressing that “there is an amendment to the laws of the Integrity Commission and graft, by granting rewards 10% for those who report or return the funds voluntarily, but have not yet done so.

He pointed out that “the failure of some countries to hand over wanted persons to the Iraqi judiciary through Interpol, due to the failure of the Ministry of Foreign Affairs, as well as several parties, responsible for poor coordination and the lack of agreements to exchange wanted persons.” End

Ina.iq/eng/

A source reveals the reason for postponing the assignment of Al-Zarfi to head the transitional government

(Baghdad: Al Furat News) Well-informed political sources revealed that the reason for postponing the assignment of the head of the Al-Nasr parliamentary bloc, Adnan Al-Zorfi, to the post of prime minister of the transitional government came because of the division of political blocs between the rejectionist and the supporter.

Al-Zarfi’s assignment was postponed until Tuesday morning, after it was scheduled to be charged on Monday night by President Barham Salih.

The sources pointed out that the commissioning was postponed to today morning at eleven o’clock, while a meeting is now taking place between the Presidents of the Republic Barham Salih and Parliament Muhammad al-Halbousi in the presence of al-Zarfi and a number of heads of political blocs.

Alforatnews.com

The central bank reveals the value of Iraq’s domestic and foreign debt

The central bank reveals the value of Iraqs domestic and foreign debtThe Governor of the Central Bank, Ali Al-Alaq, revealed today, Saturday, that Iraq’s external debts amount to about 23 billion dollars, while internal debts amount to about 40 trillion Iraqi dinars.

Al-Alaq said in his study on “Reducing the Iraqi dinar exchange rate, determinants and alternatives,” and published by the official website of the Central Bank, that “the external debt of Iraq amounts to about 23 billion dollars, except for the outstanding debt before 2003 of 40.9 billion dollars.”

Noting that “the internal debts amount to about 40 trillion dinars, representing treasury transfers and bonds with government banks and the Central Bank of Iraq.”

The relationship added, “When a country is in debt and pays its debts and interest in the currency of the creditor country, the burden of the debts resulting from it in this case increases in the general budget of the state where a greater amount of its national currency is allocated to pay off its debt in foreign currency,” continuing: “If the country is The debtor pays in its national currency, because it pays the same amount of debts and interest. ”

It is noteworthy that during the year 2014, Iraq borrowed after the drop in oil prices from financial institutions and organizations, in addition to borrowing from home by selling treasury bonds.

Burathanews.com