Suron: Complete cabinet cab next week

Special – Mawazin News: A deputy of the Alliance of Suron, Sunday, that the completion of the ministerial cabin will be next week, while pointed out that the alliance of conquest and others agreed on the mechanism of nomination.

MP Mohammad Reza said in an interview with Al-Mawazin News that “the submission of the ministerial cabin according to the agreement between the two and the opening was scheduled to be in the first week of the second legislative term, but there was delay for several reasons.”

“We expect that the names of candidates for the remaining ministries will be sent to the House of Representatives for a vote next week,” he added.

He pointed out that “the names of the candidates have been mentioned in the media and the final names will be among them, according to what the Prime Minister,” noting that “the Fatah al-Fath and others have a vision and agreement on the mechanism of voting on the candidates and their selection.”

The House of Representatives gave confidence to the government of Adel Abdul Mahdi on 24 October last, but remained 4 ministries without the Minister of Defense, Interior, Education and Justice.

Mawazin.net

Minister of Finance: No threat to foreign companies and investors in Iraq

Baghdad Mawazine News – The Minister of Finance Fuad Hussein said that fighting the situation of the Iraqi economy and finance in the service of the battle and led to the militarization of society and the majority of the infrastructure is destructive, indicating that there is a need to rebuild with the improvement of the security situation, stressing that there are no threats to foreign companies and investors.

“The role of the private sector in the future will be central,” he said in a speech at the fifth Iraqi-German economic forum. “Iraq is, in the final analysis, a rich country. The opportunities for profit and interest exist for investment companies and Iraq is moving toward building a market economy. There are opportunities to choose a local partner in the investment process. ”

He stressed that “fighting the situation of the Iraqi economy and finance in the service of the battle and led to the militarization of society and create a weight on the economy and led to increased expenditures, and effects will remain future and influential in the financial and economic situation.”

He added that “the decline in oil prices during the years of fighting, especially in 2014-2015, led to a decline in treasury revenues and the fighting and the security situation and the general situation, led to the halt or delay hundreds of investment projects, production and housing.”

“During years of frantic fighting, many foreign investors left Iraq, and there was an abandonment of domestic capital abroad,” he added.

“Now we see the situation differently and positively, starting with the end of fighting, which reduces the amount of military spending or combat general.”

He also pointed to the rise in oil prices, especially in 2018, and the survival of these prices, and so far, in this year about 60 to 65 dollars per barrel, which led to the improvement of the financial situation.

He also pointed to the existence of a clear strategy for the construction process in general, and the construction of the economy in particular, and work to implement it.

He stressed the importance of starting work on stagnant and stagnant projects, focusing on providing the necessary services and setting priorities, especially in the field of electricity and water.

He noted that the importance of “the return of many foreign investors and the rebuilding of trust between local investors and banking institutions, and government finance.”

Fouad Hussein talked about positive frameworks and outlines of the future strategy that we adopt.

He stressed the diversification of the sources of income through overcoming the oil economy to the diversification economy, through the reconstruction of the agricultural sector, and the formulation of a tourism policy. Tourism will be an important source of revenue, expanding and maximizing state revenues through customs and customs policy restructuring. Taxation, and combating corruption.

He also called for the establishment and construction of work systems in the departments and ministries on the basis of automation, the transition from the paper system to the electronic government system, the reorganization of banks, and encourage government banks to enter into partnership with commercial banks, especially foreign ones.

He stressed the direction of commercial banks in order to play a greater role in investment and business activities and support and continue to build the private sector and march towards the market economy.

He called for continued implementation of the decentralized system of governance, the building of local and provincial economies and the granting of broad powers to local governments in various fields.

He also stressed the importance of working with parliament to change some laws and also some instructions that stand in the way of investment, especially in front of the foreign investor, He talked about the work for gas production and industry, the petrochemical industry and the work to build the services economy. Therefore, in the coming years, the focus will be on education and health institutions.

“The majority of infrastructure is destroyed, so there is a need to rebuild it, the security situation is improving, there are no threats to foreign companies and investors,” he said.

Mawazin.net

In order to maintain the stability and stability of the financial system in general and the banking system in particular

Iraq, especially after the stability of the Iraqi dinar exchange rate against the dollar in the markets and the decline of the price gap for the local currency, and in order to continue to provide new financial products that help all banks and motivate them to deal in order to achieve the goal of monetary policy in the use of quantitative instruments to control the supply of money on one hand, A new project for the investment of surplus funds in some banks. On the other hand, the liquidity transfer project between banks has been activated. This project is considered the first building for the activation of the exchange market between banks in the future, especially since any risks, although very low, The mechanism of the transfer work will be borne by the accounts of the transfer process and the Central Bank of Iraq as the body that will adopt the process

Transportation in the first phase of the transfer based on the provisions of Articles 3 and 4 – paragraph e) and Article (28) of the Central Bank of Iraq Law No. (56) for the year 2004 and the Banking Law No. 94 of 2004 and the Islamic Banks Law No. (43) for the year 2015 and after approval of the liquidity transfer project pursuant to the decision of the Board of Directors of the Central Bank of Iraq No. (3) for the year 2019. New financial instruments to correct banking and diversification of financial instruments and stimulate banks to cooperate among themselves and to benefit from the cost of alternative opportunities have been Issuing liquidity controls between banks.

Scope of implementation:
The implementation of the draft liquidity transfer between banks as of March 2019 includes both banking systems (Islamic and traditional) and separately

Legal reference:
The Law of the Central Bank of Iraq No. (56) for the year 2004 and the Banking Law No. (94) of 2004 and the Law of Islamic Banks No. (43) for the year 2015 and instructions of the Stock Exchange and all laws related to the Republic of Iraq as well as the decisions of the Board of Directors of the Central Bank of Iraq and circulars Issued by the Governor of the Central Bank legal reference for the draft liquidity transfers between banks.

CBI.iq

ABADI REVEALS THE DECISION TO ARREST MALIKI AND CALLLS FOR ABDUL MAHDI TO IMPLEMENT IT

Iraqi Prime Minister Haidar al-Abadi has announced a decision to arrest former Prime Minister Nuri al-Maliki was in the process of taking office during his presidency of the government. Abadi said during a meeting that included the leaders of the […]
Secrets of Media

Former Iraqi Prime Minister Haider al-Abadi revealed a decision to arrest former Prime Minister Nuri al-Maliki was in the process of taking office as the government.

Abadi said during a meeting with the leaders of his victory coalition that he had already taken the decision to arrest former Prime Minister Nuri al-Maliki on charges of causing the fall of three Iraqi provinces by the elements of the organization “da’ash” terrorist, but internal and regional pressure prevented him from issuing in the last moments

Abadi said that the crime of one-third of the country’s territory in the hands of the terrorist elements and the four-year war that followed should not go unpunished, calling on current Prime Minister Adel Abdul-Mahdi to show courage and arrest all those responsible for these disasters and not to take it into account.

Abadi reiterated that the government of the former president Nuri al-Maliki is the one who summoned the US forces to Iraq again, on 24/6/2014 after the entry of the terrorist group Daqash and drop it to the provinces of the country as it is documented in the United Nations documents and documents exchanged between the two countries, Strategic framework between Iraq and America ”

Asrarmedia.com

Iraqi Central Bank policies.. To encourage Iraqi investments in Turkey?!

Rule and logic say:
The state sells its property with (bidding), so that you get the highest price possible for its sales.

But the Iraqi Central Bank, sells Iraqi dollars less than then?!

The reason, of course, is the central bank’s claim that it provides cheap dollars for the poor, to buy their needs at a cheap price.. but is it really “the poor of Iraq” are the beneficiaries of the Iraqi central policy?!

New news pointed out:
According to data published by the Turkish Statistics authority……. Iraqis occupy the head of the list of the most real estate purchases in turkey with 605 properties since the beginning of the current year…. Where Iraqis bought more than eight thousand homes. ).

What tied the news to the central bank policy?!

There are price for exchange price:
– 120 thousand dinars, the low price sold by the central bank of the dollar, where the bank claims that it is a price for the country, the poor and the monetary stability.

The other price of the dollar, which is the price of the dollar, if the central bank raises its hand about the Iraqi dollar! And Let’s say the dollar is going to be 150 Dinars, and this is the real price of the dollar..

Now if an Iraqi wanted to buy a residence in turkey for $ 100, he should pay 150 million dinars according to the reasonable market price, but he actually pays 120 million dinars according to the subsidized central bank price!

Of course, this (30 million dinars = 250 paper) can be considered as the central bank gift to those who buy a property in turkey!

And wonder now:
– is the poor who rate his monthly income 500 thousand dinars, he who owns $ 100, and is he the one who buys real estate in turkey and other countries?!

With good and blessing to everyone who buys a property in turkey, but who wants to buy q has to pay from his pocket and not from the pockets of the poor..

If the central bank is honest in his desire to support the poor, he can sell the dollar for 50 thousand dinars to the pink pink, the readers need food and not for real estate in turkey!

The International Monetary Fund (IMF) is therefore demanding Iraq to free the exchange rate!

#Hayder_Murtadha

Parliamentary direction to raise the price of the dinar and maintain the stability of inflation

Baghdad / Omar Abdel Latif – The parliamentary finance committee, in the current legislative term, is moving to develop mechanisms to change the country’s fiscal and monetary policies, in coordination with the Central Bank of Iraq, and this To raise the exchange rate of the dinar and maintain the stability of inflation.

“The committee will go through the current legislative term to change the fiscal and monetary policy in the country in general,” said committee member Abdulhadi al-Saadawi, in a statement “Al-Sabah”, adding that it was “in the process of meeting with central bank officials to discuss this change during the next phase.”

“The committee is keen to legislate the financial management law as it gives a complete roadmap to the country’s fiscal policy in terms of money management and cash in the UAE,” he said, adding that “the change will be made by raising the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in The country “.

“The Committee is determined to make these changes during the next phase and not to follow the inappropriate traditional methods,” al-Saadawi said.

Alsabaah.iq

A fine of 50 million and imprisonment for a person who hires or starts to prepare for false money

Alsumaria News / Baghdad – The Iraqi Central Bank law puts judgments of the person who coined or prescribed to prepare counterfeit money Mint a fine of 50 million dinars and imprisonment.

Article 50 (Preparation) stipulates that anyone who hires or initiates the preparation of false money for committing a felony punishable by law shall be liable to pay a fine not exceeding 50 million dinars or Imprisonment for a term not exceeding 5 years or both.

According to the Central Bank, Article 51 (possession) of the law considered that any person who intentionally knowingly cheating (buying, accepting or offering to buy, accept or acquire) was brought to Iraq) Counterfeit money for a crime punishable by law to pay a fine not exceeding 50 million dinars or imprisonment for a period not exceeding 5 years or both.

Article 52 (Promotion of counterfeit money) of the Act, paragraph (1), is that any person intentionally knowingly cheating (the promotion of counterfeit money or his willingness to promote counterfeit money or to use it as an original money, export, send or accept counterfeit money outside Iraq) The perpetrator of a felony punishable by law shall be liable to a fine not exceeding 100 million dinars or imprisonment for a period not exceeding 10 years or both.

Article 53 (token money and coin-like coins) provides that any person who knowingly knows (manufacturing, producing, selling or possessing) any object intended to be used for fraud acts in lieu of coins or coins designed to Shall be guilty of a felony punishable by a fine of not more than (25) million dinars or imprisonment for a period not exceeding two years or both

Alsumaria.tv

CBI: Project deletion of zeros from the currency still exists

The Central Bank of Iraq that the project to delete zeros from the Iraqi currency is still standing.

The director of the issuance and cabinets Abdul Karim Hassan Shannon that the project to delete the zeros was supposed to start in 2014, but security events and the control of the state regulation on five provinces led to delay, pointing out that the project is to delete three zeros from the current currency with the introduction of large currencies and currencies Metal.

Shannon confirmed that the current cash volume in the markets is large at 44 trillion dinars.

Alrafidain.org

BGG ~ This article was just reposted in our private FB group. This was printed Jan. 20th of 2019… RECENT!!

By John Lee.

The head of Iraq’s National Investment Commission (NIC) has said that the Iraqi provinces are “fertile lands for investment” and have natural and human resources that enable them of making any investment project succeed.

Dr Sami al-Araji added that if capital is looking for a secure environment, then Iraq welcomes it under the umbrella of the investment law and a solid legislative environment.

(Source: NIC)

Iraq-businessnews.com

Parliamentary Finance: Putting mechanisms in place to raise the exchange rate of the dinar and maintain its stability from inflation

A member of the Finance Committee parliamentary Abdul Hadi al-Saadawi, on Wednesday, the committee’s decision to develop mechanisms to change the financial assets to raise the dinar exchange rate and maintain the stability of inflation.

He said Saadawi in a press statement briefed by the “Covenant News” that “the Committee will move during the current legislative term to change The monetary and monetary policy in the country in general, ‘noting that ‘the Committee is meeting with officials of the Central Bank to discuss this change during the next phase’.

He added that ‘financial fistula Is keen on the legislation of the law of financial management as it gives a complete road map of the financial policy in the country in terms of management of money and cash in the state ‘, indicating that ‘foreign with maintaining the stability of inflation in the country’.said Saadawi that ‘the Commission insists on making those changes during the stage Kiss and not follow the traditional methods that are not appropriate at the moment ‘.

Alahadnews.net