Governor of the Saudi central: put the currency “very reassuring”

Follow – up – Balances News – Saudi central bank governor said on Wednesday the local currency put the riyal “very reassuring”, warning that the bank will not be allowed to speculate in it.

“When we say that it is a red line, we mean that we will not allow anyone to fight it,” Governor Ahmad al-Khulaifi told a news conference. He reiterated that the central bank does not intend to change its exchange rate policy.

Saudi Arabia keeps the exchange rate pegged at 3.75 to the dollar (I think this means 3.75 Riyals = 1 USD… the math works)

Source: Mawazin.net

The parliamentary economy reveals efforts to amend the investment law to increase opportunities

Information / Baghdad … The Committee on Economy and Investment parliamentary, on Wednesday, seeking to amend the investment law in the coming days to increase foreign investment, indicating that the current law is an oppressor for all investors.

Nada Shaker Jodat, a member of the committee, said in a statement that “the parliamentary committee on economy and investment is looking at rewriting and amending the investment law and granting it economic flexibility away from the bureaucracy.”

“The amendments to the law will grant the investor new concessions to encourage investment and pumping money in the Iraqi market, as well as the formation of a joint committee of all circles to give the investor leave without review dozens of competent departments.”

“The law will give the prime minister the power to contract directly with the investor or to form a higher authority capable of granting investors visas and banking facilities,” Judd said.

“The amendment of the investment law is an important point to eliminate unemployment and the return of industry and the private sector in Iraq and raise the market value of the Iraqi dinar in light of the inability of the government investment budget to make any development mentioned in all sectors.”

Source: Almaalomah.com

Iraqi PM to Submit Five New Ministerial Nominees: MP

ERBIL – Iraqi PM Adil Abdul-Mahdi will submit five new candidates to the parliament for the remaining ministerial posts, a lawmaker revealed on Saturday.

Badir al-Ziyadi, an MP from Sa’eroun Alliance led by the Shi’ite cleric Muqtada al-Sadr, told BasNews that Abdul-Mahdi wants to present five new nominees “as he knows well that the MPs will not approve the current ones.”

“This week will be decisive for concluding the new cabinet before the end of this year,” al-Ziyadi said.

The Council of Representatives is expected to hold a session on Sunday in hopes of voting on the five nominees and fill the remaining ministerial posts.

Source: Basnews.com

URGENT The House of Representatives holds its meeting tomorrow and its schedule is free from completing the cabinet

During a meeting with the Iraqi News Agency .. Teaching from the accounting department proposes to postpone the draft delete zeros

Assistant Professor Dr. Safwan Qusay Abdul Halim, said that the current economic situation does not allow the implementation of the project to delete zeros from the currency, attributed to the unstable conditions in the Middle East and the possibility of the existence of illegal local currencies looking for a way to enter the domestic banking system.

Abdul-Halim said in a statement to the Iraqi National News Agency “Nina” The Iraqi Central Bank is trying to restore confidence in the Iraqi currency and enter into the international currency market and facilitate the task of calculations by deleting zeros, and pointed out that the project can cause confusion in monetary policy and the value of the Iraqi dinar.

Therefore, the procedure to delete zeros is a correct measure, but the current government to choose the appropriate time to replace the currency and transparent and subject to the highest degree of control was the governor of the Central Bank Ali Alaq announced earlier in a press statement that currencies of small categories may prompt citizens to bid farewell to banks for difficulty to store As the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros.

Keywords: Coadec.uobaghdad.edu.iq

BGG ~ Before anyone gets too upset, I would advise some cautious perspective when reviewing this article… This is a University OP ED piece based around an interview given by an associate professor of accounting. The more important issue is; this is apparently a current topic of KEEN interest right now. NICE!!

Hashemi: Abdul Mahdi did not succeed!!

BAGHDAD / The expert on Iraqi political affairs, Wathiq al-Hashemi, said on Tuesday that Prime Minister Adel Abdul Mahdi did not succeed in his work, while Abdul Mahdi made promises he could not implement.

Al-Hashemi, for “Iraq’s News”, that “Abdul-Mahdi signed amid political differences, and became constrained by, he is afraid to satisfy the Alliance reform, so as not to anger the coalition of construction, or the opposite way, he became a prisoner of political blocs, In his work”.

“He has made many promises to achieve, and so far has not achieved anything, despite the passage of time on the promises, and could not achieve if there is a political consensus, it came through consensus.”

Rahim al-Darraji, head of the Kaffah group, said earlier Monday that Prime Minister Adel Abdul-Mahdi is a captive of the political forces, noting that Abdul Mahdi is not envied. Finished

Source: Faceiraq.net

Supreme judicial council of Iraq reactivates article 140 of the constitution regarding disputed territories

A Kurd reads a writing an a wall says “ISIS implemented article 140” which indicates the return of Kurdish Peshmargas to disputed territories in 2014

The Supreme Judicial Council of Iraq has requested the reactivation of article 140 of the constitution which calls for normalization of the situation in territories disputed by the Iraqi federal government and the Kurdistan regional government.

According to officials of the committee overseeing the implementation of the article, the council informed the Kirkuk Court of Appeal about its decision earlier this week, which they believe will prevent the return of Arab families brought from southern Iraq and were resettled in Kirkuk during the rule of the former Ba’ath regime in the 1970s.

The families returned to their areas of origin after receiving compensations according to article 140, but there were attempts to bring them back in the last three months.

According to the judicial council’s decision Arab settlers no longer can file complaints against Kurdish farmers concerning ownership claims of agricultural lands

Barzan Sheikh Ghazi, head of the committee overseeing the implementation of article 140 in Daquq told (KirkukNow), “According to the Supreme Judicial Council’s decision Arab settlers no longer can file complaints against Kurdish farmers concerning ownership claims of agricultural lands.”

Meanwhile, Kakarash Sidiq head of the committee in Kirkuk province, regarding the council’s new decision said, “the decision will be of great benefit for Kurdish farmers in Kirkuk province as the courts will no longer consider the complaints of the Arab settlers and they were not b able to renew their leases because the article does not allow this.”

According to Kurdish officials, hundreds of hectares of agricultural land were confiscated from Kurdish farmers and were given to Arab families whom the former regime brought from other Iraqi provinces in the form of leases.

The Supreme Judicial Council’s decision was issued after Kurdish farmers protested decisions by the acting governor of Kirkuk in the last three months aimed to facilitate the return of Arab settlers to Kirkuk villages.

Source: Kirkuknow.com

The disclosure of the “most dangerous secret” relates to the concealment of looted Iraqi funds

While there is talk of chasing spoilers and siphoning off public money without success for years, many succeed in evading punishment and enjoying their huge wealth out of sight in many ways, while leaving great scars in Iraqi society.

They often followed crooked ways away from the eyes of censorship. Many banks in Europe and elsewhere turned to safe haven for their money, not eager to pursue or even hunt for them.

“You know what is the most dangerous secret in Iraq,” so wondered my Iraqi Encyclopaedia Ali al-Nashmi in a comment on his page on the social networking site Facebook and was seen by “Trend Press.”

“I have been looking for five years in Europe, which is the banks where corrupt and siphoned off Iraqi politicians have found their money in the banks of the smallest country in the world, a state of Lechsteinstein, a very small emirate between Switzerland and Austria on the Alps, “Noting that” this country the number of our souls is only 30 thousand people and an area of 160 kilometers and the whole economy is based on the existence of banks, especially tax evasion and also the money of looting and corrupt, especially third world countries. ”

Al-Nashmi pointed out that “these banks are not subject to American and European financial control, although two years ago they are providing data on their customers to the European Union, but Europe does not believe what is provided to them, so these banks are a breeding ground for corruption,” noting that “the number of companies registered within its bank The Central (LGT) is 180 thousand companies, while the number of souls 30 thousand people. ”

Al-Nashmi pointed out that “the weight of the funds deposited with it more than the weight of all its population, although the population does not equal half the population of any sector in Sadr City,” explaining that “the majority of depositors of Iraqis, and very strange is that this emirate does not ask about the source of money , Only when an Iraqi applicant comes, they ask for a certificate from three former depositors that natural money, imagine that the corrupt bank in the world is afraid of the reputation of the corruption of some Iraqis, especially politicians.

Al-Nashmi quoted girls working in these banks as saying that “the Iraqis are now more than depositors in our banks because they know that there is no American surveillance or accountability and fear of any development that will result in the search for their money because Swiss banks are subject to international censorship. “The information has been repeated in front of me for five years, so they told me about two former Iraqi ministers in very, very, very, very important ministries.”

Al-Nashmi stressed, “Imagine how much we are cut off. In short, brothers, we are separated, and there are very serious secrets in this matter, but I know that it is my national duty to pose this very serious issue. We must frighten and besiege the thieves. If we can not stop them, Arbhm and reveal their methods. ”

“There are countries with taxes and controls, but there are countries with less taxes and less control, so they are taking refuge,” said economic expert Laith Mohamed Rida, an economist at Al-Tijah Press. “There are people looking for safe countries in terms of taxes.” to her.

Prime Minister Adel Abdul-Mahdi announced on Wednesday (November 21, 2018) his intention to put forward the project “Fighting corruption,” pointing out that this project will put points on the letters.

Transparency International classifies Iraq as one of the most corrupt countries in the world, but successive Iraqi governments often criticize the organization’s reports on corruption and consider it inaccurate and based on information received through local and foreign companies failed to implement service projects in Iraq.

Source: Iraaqi.com

Sadr dismantles Maliki’s influence in ministries and provinces

BAGHDAD – Shiite cleric Moqtada al-Sadr is leading an organized campaign to oust the leader of a coalition of state law, Nuri al-Maliki, who served as prime minister for two consecutive terms between 2006 and 2014 in state facilities.

Sadr’s keenness that Maliki’s coalition will not get any ministry in the government of Prime Minister Adel Abdul-Mahdi until now, despite achieving 25 parliamentary seats during the general elections in May.

Observers say that the leader of the Sadrist movement is in a position to dismantle the influence of his arch-rival Maliki, especially as the Dawa Party is no longer in the forefront, has lost its influence on the government because of the conflict between the wings; the first represented by Maliki, and the second led by former Prime Minister Haider Abadi.

On Wednesday, Sadr’s political team succeeded in ousting Maliki’s governor from Baghdad and installing a pro-Sadr governor. Sadr is also depriving Maliki’s coalition of the governor of Basra, Iraq’s economic capital, where the conflict is raging.

Political sources told the “Arabs” that “Sadr told his ally in the reform alliance, Ammar al-Hakim, that he is ready to support any candidate proposed for the post of governor of Basra.”

The current governor of Basra, Asaad al-Eidani, one of the candidates of the list of former Prime Minister Haider Abadi during the May elections, but broke away after winning a parliamentary seat and joined the alliance building close to Iran, which includes Maliki’s coalition and the Badr Organization led by Hadi al-Amiri and Asaab Ahl al-Haq led by Qais Khazali.

The sources said that “Sadr agreed with Hakim to prevent Maliki’s coalition to reach the post of governor in Baghdad and Basra,” explaining that “the reform coalition can now provide the required majority in the Basra provincial council, to pass a candidate for Hakim to the post of governor.”

Hakim strongly supported the delivery of Sadr’s candidate to the post of governor of Baghdad, after Maliki’s coalition tried to block the vote on Wednesday.

The sources said that al-Sadr stipulated that Abdul-Mahdi, in support of the post of prime minister, to implement some demands for full waiver of the maturity of the Sadrist bloc in his ministerial cabinet, and to give him the freedom to choose ministers, including the removal of a number of officers loyal to the owners of sensitive positions in the Ministries of Defense and Interior. This decision was indeed one of the first actions carried out by the Prime Minister after taking office.

Although he stepped down as prime minister more than four years ago, Maliki’s influence remains strong in some Iraqi state institutions.

Maliki’s career has seen the installation of thousands of employees loyal to him in high and intermediate grades in various ministries, institutions and government departments. The term “deep state” is commonly used in political circles, referring to members of the Dawa party who support Maliki, who control the pillars of the government and its vital joints, even after stepping down.

Sadr is pressing Abdul Mahdi to liquidate this influence in one of his most prominent demands in forming a government.

Leaders of Sadr’s reformist alliance warn that the “deep state” loyal to al-Maliki could thwart Abdul Mahdi’s government as it tried with the Abbadi government and succeeded in some of the joints.

Maliki is no longer at the political level, Iran’s most important ally in Iraq, after the brightness of the star Hadi al-Amiri, led by the Fatah Alliance, the second Shiite political force, after the Sadrist bloc, in the Iraqi parliament.

Observers say that “Maliki, will not enjoy the level of Iranian support, which was obtained previously, in the presence of other Iraqi parties, can meet the Iranian desires in Iraq.”

Observers do not rule out that this campaign to eliminate the influence of al-Maliki is the introduction of political exclusion and may be referred to the judiciary.

Among the actions that Maliki may worry a lot, and dragged him to justice, the Iraqi parliament approved the formation of a committee to investigate the events of the fall of the city of Mosul in 2014.

Political circles speculate that this committee may lead to the conviction of al-Maliki, who was prime minister that year, and issued strange orders to withdraw military units in front of the advance elements of an organization calling for the city of Mosul, the summer of 2014.

Iraqi politicians say the appointment of Osama al-Nujaifi, a veteran politician from Mosul and stubborn opponent of al-Maliki, to head this investigative committee was “no accident.”

The Arabs: Rawabetcenter.com

Settlement of hundreds of billions between Kurdistan and Baghdad

The Central Bank announced on Thursday a banking settlement between the federal government and the Kurdistan Regional Government.

“According to the joint efforts between the Kurdistan Regional Government and the Central Bank of Iraq, a settlement was made to the credit bank balances open at the branches of the Central Bank in Erbil and Sulaymaniyah,” he said in a statement.

He added that “the payment of more than (190) billion dinars during the month of December 2018 in addition to the previous repayments, which exceeded (380) billion dinars, where the total paid for the date of more than (570) billion dinars, and the installment of the remaining amounts on the number of installments “He said.

He said that “the above arrangements show the seriousness of the administration in the Kurdistan Region and the Central Bank of Iraq to settle this issue to facilitate banking work in the region and enhance reliability in the banking system.”

Read More: Shafaaq.com