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

Two days before his departure, the head of the Integrity Commission presents six files of corruption to senior officials

BAGHDAD – A source close to the Integrity Commission, Friday, that the President of the Izzat Tawfiq six corruption files were submitted two days before his death as a result of a traffic accident in the province of Dohuk.

The source said according to the new Arab newspaper, “Judge Ezzat Tawfiq attended the meeting of the Supreme Council to combat corruption, which was held two days ago in Baghdad, and put important files.”

He added that “the late President of the Commission was in the process of opening six files of corruption is important to indicate the involvement of senior officials in the loss of funds of the Iraqi state.”

The Integrity Commission announced yesterday, the death of its head Judge Ezzat Tawfiq as a result of a traffic accident in the province of Dohuk

Mawazin.net

Sistani calls for disarming militias after a spiritual meeting

Najaf (Iraq) – A statement issued by the Supreme Shiite cleric in Iraq, Ayatollah Ali al-Sistani, on his demand to limit arms to the state, as the most important challenge facing the state, raised questions about its significance.

The statement quoted Sistani as saying that “the most important challenges facing Iraq at this stage is to combat corruption and improve public services and arms inventory by the state and its security services,” expressing his hope that the Iraqi government to make acceptable progress in these areas.

It is noteworthy that the armed militias classified internationally in terrorist groups have independent headquarters in Iraqi cities and still retain their weapons after the restoration of the city of Mosul from the organization of Dahesh, and received financial support and armament of the Iranian Revolutionary Guards.

These Iraqi militias owe allegiance to Iran’s supreme leader Ali Khamenei and under the supervision of Qusem Qulaimani, commander of the Qods Force.

Sistani welcomed “any step to strengthen Iraq’s relations with its neighbors according to the interests of both parties and on the basis of respect for the sovereignty of States and non-interference in their internal affairs.”

Iraqi political sources expressed their surprise that Sistani’s statement would be issued immediately after a spiritual meeting. He knew that the militia file was Sulaymani, not Rouhani, and that the Iraqi government itself was incapable of disarming the militias.

Sistani’s statement stressed that “regional and international policies in this sensitive region must be balanced and moderate in order to spare their peoples more tragedies and damage.”

An Iraqi political observer wondered if there was a link between the statement attributed to Sistani and his reception to the Iranian president, especially what is related to the talk about the sovereignty of states, which is not found in Iran’s relationship with Iraq, where Iran dominates the militias that owe their ideological allegiance to the Supreme Leader of Iran, Sulaimani.

The observer said in a statement to the “Arabs”, “The paragraph on the weapon appeared as if it had been included in the statement because it is not applicable for two reasons. First, it is the Iraqi government that funds the militias. The second reason is that these militias are directly protected by Iran. That paragraph may not be aimed at popular mobilization, but at what the popular crowd calls the illegal militias. The militias that have been dispensed with their services recently. “ The Arabs

Faceiraq.org

Governor of the Central Bank announces the lifting of guardianship of the bank «United Investment»

Economy News Baghdad: The governor of the Central Bank of Iraq, Ali Alaak, the lifting of guardianship of the United Bank for investment after it was imposed on him at the end of last December.

Alaq said in a letter addressed to licensed banks operating in Iraq, and was briefed by “Economy News”, “it was decided to lift the guardianship of the United Investment Bank as of March 5 present.”

Economy-news.net

Officially, Falih al-Fayyadh out of interior ministry’s candidacy list

The IMIS candidate for the interior ministry in Adil Abdel al-Mahdi’s cabinet, Falih al-Fayyadh has officially withdrawn his candidacy bid, al-Fatah MP Hunain al-Qado said Tuesday.

“Fayyadh will remain on top of National Security Ministry after merging it with the security authority,” al-Qado said, pointing out that that Sairoon and Fatah blocs have not settled on a new candidate yet.

“Negotiations are underway between Sairoon and Fatah to name the new interior minister, waiting for the parliament’s approval,” al-Qado added.

The political parties and coalitions have been disputing over the candidacy of Fayyadh over the past three months, objecting to his loyalty to the Mullah Regime in Iran.

Thebaghdadpost.com