Four Iraqi “banks” are witnessing “withdrawal” of “enormous” sums … by members of armed factions

Baghdad / Sky Press – Sources of banking, the withdrawal of prominent members of the armed factions, for large amounts of money that had been deposited in four Iraqi banks and in an unprecedented manner.

The sources said that “the money that was withdrawn exceeds the general level of withdrawal and deposit, and did not specify the reasons for the withdrawal of these funds and suddenly from these private banks.”

The United States has asked Iraq to freeze the armed factions and disarm them, while Iraqi Prime Minister Adel Abdul Mahdi has asked the US side to give it time to respond.

Skypressiq.net

The appeal of major countries to “recover” the money that “escaped from Iraq”

Baghdad / Sky Press – The Iraqi Foreign Ministry appealed to UN member states, led by the United States, Britain, to help Iraq recover its funds and assets under Security Council resolutions at a meeting of the sanctions committee established by Security Council resolution 1518 (2003).

Foreign Ministry Undersecretary for Legal Affairs and Multilateral Relations Ambassador Hazem al-Youssafi, head of the Iraqi delegation to the meetings in New York, stressed the need to help Iraq recover its funds and financial assets.

Al-Yusufi pointed out that Iraq fights corruption and fights against it, and that the recovery of these funds is part of this battle as an illegal possession of public money, he said.

Previous reports have estimated the smuggling of prominent figures in the former Iraqi regime to billions of dollars that exceeded 75 billion dollars in conjunction with the occupation of US forces to Iraq in 2003 and the overthrow of former President Saddam Hussein.

Skypressiq.net

Association of Private Banks concludes the course «Accounting for financial institutions»

Economy News Baghdad – The Association of Iraqi Private Banks concluded Thursday the “Accounting for Financial Institutions” course, in which 20 trainees took part.

The director of administration and training in the Association of Private Banks, Ahmed Hashemi, during the closing session, which was attended by “economy News”, “The Association of Iraqi private banks happy with the courses organized by the banking sector because it rises in this important sector.”

“The Association of Private Banks focuses on the quality of its courses as well as its cooperation with competent lecturers, both local and foreign.”

Hashemi listened to the interventions of a number of participants in the session and pledged to meet the Association of Iraqi private banks for those observations.

In turn, the assistant director general of the Accounting Department of the Central Bank of Iraq, Anwar Sarraf, that “the sessions organized at the headquarters of the Association of Iraqi private banks consistent with the standards of the Central Bank.”

He added that “the certificates obtained by participants in these courses reflect an important indicator for the acceptance of them as employees in banks.”

It is noteworthy that the Association of Iraqi private banks signed, in November last, a memorandum of understanding with the Center for Studies in the Central Bank of Iraq to develop mutual understanding in the practical areas of professional and training applied.

Economy-news.net

Parliamentary Finance announces important details on the budget 

(Baghdad: Al-Furat News) The Parliamentary Finance Committee announced important details about the federal budget for 2019.

The Committee said in a joint press conference held in the House of Representatives after the adoption of the budget attended by the correspondent of the agency {Euphrates News} that “worked from the early morning hours of Wednesday until the last hours of the night to achieve justice and reduce the budget deficit and end the suffering of the Iraqi people, That “the most prominent paragraph worked by the Committee is to stop the new loans from abroad and rely on internal lending from the Pension Fund.”

She added that she “made a great effort and bleeding human beings to the Iraqi people to achieve the budget of 2019, which included a lot of treatments for the segments of society, including the delayed contracts in the Ministries of Interior and Defense and the allocation of salaries for madmen in schools in all provinces.

“The budget also dealt with other social issues, including the social protection network, health and education by carrying out important transfers and also worked to reduce and pressure spending and stop any new external borrowing,” noting that “this budget is characteristic of the rest of the budgets is the cessation of external borrowing.”

“It dealt with a lot of problems where it allocated $ 3 trillion dinars for the development of regions in all provinces and trillion dinars to build a thousand new schools, and 500 billion dinars to the Ministry of Health and 500 billion dinars to meet the shortage of medicines if it happened, and 250 billion dinars to the social protection network and 200 Billion dinars extra for the ration card items. ”

The committee also allocated 300 billion dinars to the Foundation of the martyrs, and the first time recognizes 400 billion dinars to start the actual establishment of the port of Faw and allocated an additional 152 billion dinars for the maintenance of dams and the distribution of more than one trillion dinars over the trillions to the provinces, and approved the allocation of funds for two important laws, Babylon, Iraq’s historic capital and Samarra, Iraq’s capital of Islamic civilization. ”

“We also allocated a monthly tranche of 125 thousand dinars to all lecturers in all provinces, and the installation of all contracts of the Ministry of Electricity, whether investment or operational, and gave us the Council of Ministers permission to begin to install the procedure and contracts.

The committee also allocated 70% of the development of the provinces and 30% of the new projects. We also allocated additional funds to the Ministry of Higher Education and Scientific Research for 125 million dinars for the purpose of expanding student admission.

We allocated more than 300 billion dollars to the Ministry of Housing and Construction to open the new international road. On the bridge of the two floors as well as the road [Abu Ghraib – Latifieh – Hala] and also allocated sums for the road Qar (architecture – Batir – Aldair). ”

The Parliamentary Finance Committee pointed out “the allocation of funds to the Secretariat of Baghdad by 95 billion dinars and allocated sums for the road {Hawija – Kirkuk} and the road {Mosul – Erbil} and allocated amounts to Halabja and Sulaymaniyah to build a center for bone and cancer tumors, as we allocated to the University of Shatra in the province of Dhi Qar, Basra province allocated additional funds estimated at 100 billion dinars. ”

The committee concluded its conference by saying that it “decided to limit the funds collected from the provinces added to the allocations of ministries.”

Alforatnews.com

Abdul Mahdi welcomes the adoption of the budget and reveals the study of additions to Parliament

[Ayna-Baghdad] Prime Minister, Adel Abdul-Mahdi, welcomed efforts to approve the general budget of the Iraqi state for the year 2019.

“We welcome and salute the serious cooperation and continuous and continuous work between the government and the House of Representatives, which helped to approve the general budget of the Iraqi state for 2019, and congratulations of our people and all parties that have worked to accomplish this task, which was interrupted by difficult conditions in the stage of extradition and extradition between two legislative treaties Which would not have been possible without the great efforts made by the Presidency of the House of Representatives and the diligent work of its members and committees, especially the Finance Committee. ”

He also hailed “sincere positions of political forces, all of which contributed through responsible and in-depth discussions between them and various parties of the federal government and local governments from the final vote on the budget in the early hours of Thursday morning.”

He pointed out that “the government will study the amendments and additions added by the House of Representatives, and will develop as soon as necessary instructions to start the implementation of budget materials.”

The Prime Minister pointed out that “the government has already begun to lay the foundations to be a budget in 2020, balancing projects and performance and not balancing items, which if we succeed in it will represent a major reform and change from what was the case for the last hundred years of the life of the Iraqi state.

“The government is also working on finalizing a number of final accounts for the past years in implementation of its ministerial platform, which was based on the confidence of the people’s representatives.”

Abdul-Mahdi expressed his hope that “this great achievement is complemented by the other achievement represented by the agreement of the political forces to complete the ministerial lineup so that the government can start with all its capacity to serve the aspirations and interests of our dear people.”

Alliraqnews.com

Parliament approves the budget of 2019 and raises its meeting to noon Thursday

[Ayna – Baghdad] The voice of the House of Representatives in its meeting held under the chairmanship of Mohammed Halbusi, Speaker of the House of Representatives early Thursday, in the presence of 287 deputies, the Federal Budget Law of the Republic of Iraq for the fiscal year 2019.

At the beginning of the session, the Council voted against the approval of the appeals filed by Al-Marai Hassan Al-Bayati on the validity of the membership of MP Jassim Hussein Mohammad Jabara, Basem Khazal Khashan on the health of MP Refah Khudair Jiyat, and Muhammad Farman on the health of MP Siham Abbas Ali, Shaalan Abdul-Jabbar al-Karim regarding the health of the membership of MP Ali al-Sagri.

The President of the Council called on the petitioners or those affected, to resort to the Federal Court.

Ali Jassim Mohammed Khalifa was sworn in as a member of the House of Representatives instead of Abdul Hussein Abtan, who resigned.

On the other, the Council voted on the draft federal budget law of the Republic of Iraq for the fiscal year 2019. The revenues of the federal budget for the year 2019 (one hundred and five trillion five hundred and sixty-nine billion six hundred and eighty-six million and eight hundred and seventy thousand dinars) and the calculation of revenues from the export of crude oil rate Price of 56 dollars per barrel and an export rate of 38.8 million barrels per day.

The expenditure in the draft law included the allocation of one hundred and thirty-three trillion and one hundred and seven billion six hundred and sixteen million and four hundred and twelve thousand dinars, while the total deficit planned for the federal budget (twenty-seven trillion and five hundred and thirty-seven billion nine hundred and twenty-nine million and five hundred and forty-two thousand Dinar).

For his part, stressed the President of the House of Representatives on the importance of the legislation of the financial budget for the year 2019 for its role in achieving development and serve the people, and expressed thanks for the efforts made by the members of the Finance Committee through a series of intensive meetings to prepare the draft federal budget law and take the remarks of Ladies and Gentlemen Representatives in addition to coordination With the Office of the Prime Minister and various State institutions in this regard.

After that, the presidency of the Council postponed the vote on the completion of the government cab for the quorum.

President Halabousi decided not to agree to proceed with the completion of the ministerial cabin only in the presence of Adel Abdul Mahdi, the Prime Minister to view the remaining ministers.

It was then decided to hold the session on Thursday after the voting session on the budget law at 2:15 am.

Alliraqnews.com

Iraq parliament approves budget based on oil exports of 3.88 mln bpd

BAGHDAD, Jan 24 (Reuters) – Iraq’s parliament approved a budget for 2019 of 133 trillion dinars ($112 billion), based on projected oil exports of 3.88 million barrels per day at a price of $56, lawmakers said on Thursday.

The budget included payment of salaries for Kurdish Peshmerga, the military force for Iraq’s semi-autonomous Kurdish region. (Reporting by Ahmed Rasheed, writing by John Davison; Editing by Lisa Shumaker)

Reuters.com

The Central Bank is waiting to extend letters of guarantee to banking companies

Economy News _ Baghdad – The Central Bank of Iraq announced on Tuesday its intention to extend letters of guarantee to exchange companies.

“Based on what was put forward at the first conference of companies that mediate the sale and purchase of foreign currencies through the desire of some companies to mediate integration, it is decided to delay extending the letters of guarantee to all exchange companies,” the bank said in a statement received by the economy.

“The exchange companies will be informed by the amount of the guarantee letter to the company’s capital to be determined later,” the bank said.

The Central Bank decided on January 9 that the period of validity of letters of guarantee issued by banks for the benefit of companies to mediate the sale and purchase of foreign currency for six months instead of one year.

A letter of guarantee is a pledge issued by the bank at the request of the customer in which the bank undertakes to pay the value of the letter to the account of a third party, the beneficiary in the event of a claim to pay it from within a certain period.

Economy-news.net

Deputy: The budget of 2019 will be ready to vote on this date

(Baghdad: al-Furat News) The MP for the reform alliance Badr al-Ziadi said the federal budget law for the year 2019 will be ready to vote in parliament on Thursday.

He said in a statement to the agency {Euphrates News}, today that “ongoing meetings by the Finance Committee parliamentary amendments on the budget of 2019,” noting that “there are many objections and more than 130 amendments to the budget.”

“There are transfers from one ministry to another and thus the budget will be ready to vote on Thursday,” Ziadi said. is over

Alforatnews.com

Dollar decline in Baghdad today

Baghdad: foreign currency markets in Baghdad, on Monday morning, a slight decline in the exchange rate of the US dollar against the Iraqi dinar.

The market price in the Kifah Exchange in Baghdad was 1197.5 dinars per dollar, or 119 thousand and 750 dinars per hundred dollars.

The prices of selling and buying dollars in banking companies, was:

the sale price of one dollar 1202.5 dinars, or 120 thousand and 250 dinars per hundred dollars.

The purchase price of the dollar is 1192.5 dinars, or 119 thousand and 250 dinars per hundred dollars.

Foreign Exchange Rates, Gold and Oil, {up to the preparation of this news}:

EUR World Price: 100 Euro = 113.75

GBP The World Price: 100 Bounds = 128.77

Turkish Lira World Price: 100 $ = 534.17 Turkish Lira.

The price of a barrel of Brent crude oil = 62.93 dollars, the

price of a barrel of US crude oil = 54.30 dollars

Alforatnews.com