The agenda of the parliament session tomorrow

The agenda of the parliament session tomorrow

(Baghdad: Al-Furat News) The House of Representatives, Saturday will hold its regular session.

The agenda of the session includes “the consideration of appeals submitted on the validity of the membership of some deputies, the formation of permanent parliamentary committees of the House of Representatives, and a general topic for discussion on the special grades.”

The session is scheduled to be held at 1 pm

Source: Alforatnews.com

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Abdul Mahdi and Allawi are discussing the formation of the government and the provision of jobs

Abdul Mahdi and Allawi are discussing the formation of the government and the provision of jobs

(Baghdad: Al-Furat News) Prime Minister-designate, Adel Abdul-Mahdi, discussed with the President of the National Coalition Iyad Allawi, the latest political situation and the formation of the government.

A statement issued by his office received the agency {Euphrates News} a copy of the two sides discussed “support the government to carry out its duties of reconstruction and provision of services and employment opportunities and stability and the advancement of the economy and the importance of uniting efforts to move the country to achieve what the citizen aspires.”

Source: Alforatnews.com

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Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion dinars

Central Bank: ...Central Bank: delete the zeros still exists and the monetary bloc amounts to 44 trillion dinars

Alsumaria News / Baghdad – The Iraqi Central Bank said on Thursday that the deletion of zeros still exists, indicating that the amount of money supply in the market of 44 trillion dinars.

The release manager lockers agency Abdul Karim Hassan Shannon in an interview with Alsumaria News that ” the project to delete the zeros of the Iraqi currency is still valid , ” adding to that ” the project was supposed to initiate during 2014 , but the control of the organization Daesh five provinces led to Delay it. ”

“The project to delete the zeros is to delete three zeros from the current currency with the introduction of large currencies and the introduction of coins for the dinar parts.”

Shannon pointed out that “the cash mass currently circulating in the markets is large, amounting to 44 trillion dinars,” noting that ” Iraq did not use the technological methods of payment, and therefore small groups of currency can be perishable for widespread use.”

The Central Bank in 2011 put forward a project to delete the zeros for the structure of the currency, which was considered by the bank to transfer Iraq from the country of trillions to billions, that the project was met with great opposition by specialists and politicians in parliament.
It is noteworthy that some economists believe that Iraq is not ready at the present time to delete zeros from the Iraqi dinar, pointing out that the deletion needs to be stable security and political as well as stability of the economy.

Keywords: Alsumaria.tv

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The introduction of large quantities of small groups in a new way

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The introduction of large quantities of small groups in a new way

BAGHDAD / All the news: The governor of the Central Bank of Iraq Ali al-Alaq, that “bank of the bridge” is the first experiment in Iraq to save banks and depositors and achieve stability and avoid the effects of an economic or material and service.

Al-Alak said in a speech during the opening of the “Hamorabi Commercial Bank” (Al-Jasri) that “this step is one of the steps that are awaiting follow-up as it is the first experience in Iraq to establish a bridge bank within the conditions, requirements and objectives that were designed for this work.”

Alaq added that “this work is an embodiment and approval of the function of the Central Bank of Iraq as the authority concerned with the stabilization of the banking sector and this target we focus on a large extent through the follow-up and control of banks and try to find appropriate solutions to cases that are diagnosed.”

Al-Aalak pointed out that “the issue of stability of the banking sector takes different dimensions and aspects, and this dimension of the dimensions we are doing today by preserving the rights of depositors in banks in order not to harm the shareholders or other parties.”

He added that “many countries get bank failures and bankruptcies, but our policy in the Central Bank of Iraq is trying to go to the maximum extent and bear the difficulties and follow-up to some of the conditions of banks to prevent the arrival of the liquidation or bankruptcy. This is aware of the institution of the Central Bank of the importance of stability of the banking sector and avoid The occurrence of any economic, material or service effects “.

For his part, considered the financial adviser to the Prime Minister the appearance of Mohammed Saleh, “The bank is the first financial model in Iraq, which resulted from the strict application of the law of Iraqi banks No. 94 of 2004 in addressing the phenomenon of banking failure without resorting to liquidation,” noting that “represents a distinct success Is the first of its kind recorded by the Monetary Authority in rescuing the troubled bank and restore life to its financial activities and move it from the stage of guardianship to the stage of the bank of the bridge, rather than forced liquidation, as mentioned earlier.

Saleh pointed out that “Hamorabi Bank is a leading and pioneering bank with a clean balance sheet, a network of depositors and strong shareholders through the establishment of an effective framework to restore confidence to one of the previously troubled local banks due to mismanagement. “He said.

He pointed out that “the new management seeks to apply the standards of compliance and control, internal control and international accounting standards and the establishment of the network of correspondents with the rules of international banks and the adoption of risk management in all its forms, especially in the management of the management of property rights to avoid conflict of interest banking and to participate in risk between the management and owners of property rights Through the meetings of the General Authority of the bank as well as strengthen disclosure and the issue before the General Assembly as the Bank Hamorabi Alwaleed strong and legitimate of the Iraqi banking system.

For his part, said the President of the Baghdad Economic Forum Fares Al-Salman, “The bank is a bridge to restore confidence between banks and the public, and provides deposits of customers fully after the central bank participated 50 billion dinars in the capital of the bank,” pointing out that ” “The bank is working to promote the bank until the value of its market shares is equal to the book value. After that, the amount of the central bank that was shared by the capital will be returned and managed by a team with expertise and know-how.” Central Bank of Iraq as an independent bank under its law issued in cataract From March 2004, an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, and supervises 10 commercial banks and 26 banks waged and 16 Islamic banks, in addition to 19 foreign banks, as well as six financial institutions and 31 financial transfer company.

On the other hand, announced the Central Bank of Iraq, the introduction of large amounts of currency for small groups next week, adding that the categories will include a change in form.

The bank said it would “roll out large quantities of small categories to meet the need for daily transactions and improve the quality of the material used.”

The bank added that “a simple change will be made in the new form that will be put forward for trading next week, knowing that the deal will be in the old and new form together without discrimination.”

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Source: Abdul – Mahdi presents his line to parliament this promise

Source: Abdul – Mahdi presents his line to parliament this promise

Twilight News – “The prime minister in charge of the formation of the next Iraqi government, Adel Abdul Mahdi,” intends to reduce the time period granted to him under the Constitution to form his government and presented to parliament to gain confidence. ”

The newspaper “Asharq Al-Awsat” the number issued on Thursday the source as saying that “Abdul-Mahdi and members of his team prepared to prepare for the twenty-fourth of this month is the last day to complete the government line and go to Parliament,” adding that the Prime Minister-designate “Began to receive the names of some blocks to be completed in the next few days.”

The source was asked whether Abdul-Mahdi could also benefit from the applicants to fill the portfolios through the portal that he opened in order to submit requests in this regard, he replied that the Prime Minister-designate “hit this step two birds with one stone, put pressure on the political blocs to speed up the submission of the names of candidates So as not to be forced to choose from the names that came through the electronic window, and at the same time has received a very valuable database of competencies in different disciplines can be used in different locations in the future.

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Economist: Putting the name of the governor on the currency is universally recognized

Economist: Putting the name of the governor on the currency is universally recognized

Economy News Baghdad: The economic expert Hussein al-Khakani said Wednesday that the issue of placing the name of the governor and signing it is universally recognized, while stressed the need to shine with the issuance of small currency .

Al-Khakani said in a statement to the “Trend News” and viewed by “Economy News”, that the national currency is constantly exposed to damage and the Central Bank of Iraq sets up cash collections ready to be replaced with the damaged currency after the reference with red ink certain and put numbers for the new currency and then put it In markets “.

He added that the new edition of the currency takes the date of issuance and the signature of the governor as is the case in all central banks in all countries of the world, noting that the central bank is responsible for the currency currency in the country and since the history of the Iraqi state so far find some governors put his name and signature and some others just add To sign “.

The economist pointed out that “there is no legal issue on the subject of signing the currency currency as it must bear the signature of a governor of the Central Bank . ”

“The Central Bank of Iraq has taken two steps recently is the first to issue a new edition of the value of 1000 dinars, which was made to change the Koranic verse and put another picture of the marshes listed in the UNESCO World Heritage List .

He added: The second edition of 100 dinars, which is of the economic aspect is very important that the smallest currency in the country is 250 dinars and when buying small purchases by the facilitators less than 250 there is no smaller currency to return to the consumer by the seller and this causes extensive financial damage to the consumer

Al-Khakani stressed the need to activate small currencies as it will generate economic and financial benefit for the Iraqi consumer, including the category of 50 dinars

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Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar

Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar Karbouli of the relationship: I will accept to put your picture if the dinar is equal to the dollar

(Baghdad: Al-Furat News) criticized the head of the parliamentary bloc of solution, Mohammed Karbouli, the Iraqi Central Bank, put the name of the governor of the bank agency {Ali Alaq] on the edition of the new currency of the small category.

“I would have accepted that your name and signature be embossed with gold; I would accept that you put your picture on the coin if you made the dinar equal to the dollar,” Karbouli wrote on his Twitter profile.

Referring to the financial policies of the bank’s governor during his last five years in office, Karbouli asked: “Who is responsible for the ongoing haemorrhage of the hard currency and selling it by auction, opening up wholesale banks in a way that is disproportionate to Iraq’s exhausting economic reality? Consumer goods and the industrial and agricultural development of the country? ”

“If you can not fix Iraq’s economic reality, the Iraqis will not mention your name even if it is carved on the rock.”

The Central Bank of Iraq announced last Saturday in a surprise move, the printing of large quantities of small groups of the Iraqi currency and the beginning of distribution, and write the name of the governor {agency} Ali Alalak, after improving the type of material used, and make a simple change in the form of these categories.

And raised the move of relations by placing his name on the currency in addition to signing a kind of controversy in the Iraqi street, and some called the House of Representatives to remove this addendum.

The House of Representatives discussed the issue yesterday, said First Vice-President of the Council Hassan al-Kaabi, “The interventions of the meeting obliged us to attend the Governor of the Central Bank regarding the new currency, will be the date of hosting the governor on Thursday (tomorrow).”

However, the director of accounting at the Central Bank Ihsan al-Yasiri said in a press statement that the move was considered normal, considering that many central banks in the world put the name of the governor next to the signature, and only at other times sign, citing it as a “fingerprint of the Iraqi currency.”

“Iraq received two days ago the first shipment of the category of thousand dinars and distributed to banks and financial institutions in order to put them to market, and this month will receive shipments of 250 and 500 dinars.”

The Central Bank of Iraq changed the image of the Islamic dinar on the category of a thousand dinars and made it a picture of the Assyrian logo.

For his part, the legal expert Gamal al-Asadi, the existence of a legal violation in the name of the governor of the Central Bank, the second edition of the Iraqi currency, and told the {Euphrates News} Monday that the lack of reference to the status of the governor by proxy and write only a conservative in the currency is not original ” Law. ”

For his part, counting the historian Ghazi Ahmed al-Samarrai, step by “the previous did not occur on the date of the modern Iraqi currency since its issuance 87 years ago.”

While the general manager of the issuance and cabinets in the Central Bank Abdul Karim Hassan reasons to write the name of the governor “to know the citizen who is the governor.”

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Expert and academic: The signature of the governor does not affect the strength of the dinar

Expert and academic: The signature of the governor does not affect the strength of the dinar

Economy News Baghdad: Said the economist Qusay al-Jabri, that the signing of the Governor of the Central Bank of Iraq, Ali Alalak, the new edition of the currency will maintain the strength of the dinar of any fluctuation may affect the next phase.

Al-Jabri said in a press statement that the governor of the Central Bank of Iraq Ali al-Alaq all powers, and the right to add his name on the currency.

Al-Jabri said that we should pay attention to him and we care about him is the strength of the Iraqi dinar, we find that the signature of the Governor of the Central Bank on the banknote does not affect the strength of the dinar or the Iraqi economy, and this thing, as we know is the practice in a number of countries, Iraq in the past time and there is signed by his name frank .

Al-Jabri explained that the Iraqi dinar is strongly supported today by the dollar and gold reserves, and that there are many factors that should be taken care of, which are likely to affect the Iraqi economy and we should care about them .

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A banking expert: a fabricated political fuss trying to hit the Iraqi currency and economy

A banking expert: a fabricated political fuss trying to hit the Iraqi currency and economy

Economy News Baghdad: Criticized the banking expert, Abdul-Hussein al-Mundhari, the big uproar that got the issuance of the Central Bank of Iraq new edition of the dinar currency, stressing that it is a fabricated political sensation aimed at hitting the national currency and the national economy, considering the time of issuance clever to coincide with high oil prices and avoid any problem that may affect the economy Iraq.

Al-Manzahri said in an exclusive interview with Al-Iktissad News that “some people unfortunately focused on the existence of the name of the governor in the currency, which is normal in most countries and did not focus on the strength of the currency in the face of fraud and poor employment conditions.” Got about the name of the governor fabricated and purely political issue came at the time of forming the government. ”

He stressed that “it is regrettable that some target the national currency, which gives the strength of the national economy and any impact that may affect the lives of people so it requires the removal of the subject of currency for any political conflict,” explaining that “the Central Bank of Iraq is the only party responsible for issuing currency The currency is recognized and people will treat it normally away from the current fuss. ”

He pointed out that “the time of issuing the currency by the Central Bank is very smart because it accompanied high oil prices and avoid any problem that may affect the Iraqi economy, which depends on oil in its revenues.”

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Can a new president and prime minister solve Iraq’s broken politics?

Can a new president and prime minister solve Iraq’s broken politics?

For the first time in its history, the Iraqi parliament voted freely for the country’s next president, with Barham Salih winning by a landslide vote of 219 to 22 over his competitor last week. In the past, the parliamentary vote served mainly as a rubber stamp.

Though elements of the old backroom politics remain, this vote marks a departure. After last summer’s election shake-up, some two-thirds of the members of parliament are new to the job. A growing protest movement has exposed citizen disillusionment with the political process, increasing pressure on the parliament. My conversations with many of these new MPs show how fragmentation of political blocs is challenging Iraq’s ethno-sectarian power-sharing agreement in place since 2003.

What remains the same in Iraqi politics

Immediately after Salih was sworn in as president, he named Adel Abdul Mahdi as prime minister and tasked him with forming the next cabinet. Abdul Mahdi is the first prime minister not to come from the Islamic Dawa Party, which has dominated post-invasion Iraqi politics.

And while the presidential vote was a departure from Iraqi politics as usual, the Abdul Mahdi nomination was a more typical backroom deal among elite. Abdul Mahdi has long been part of the establishment, serving as vice president from 2005 to 2011 and later oil minister from 2014 to 2016. As a compromise candidate, and despite widespread optimism, Abdul Mahdi will probably remain at the behest of the political parties that put him in power.

To become president, Salih, too, had to play politics as usual, by returning to his old political party, the Patriotic Union of Kurdistan (PUK). The power of the parties in the political process drove Salih to return, as he probably could not become president otherwise.

Despite these continuities, the process of selecting both Salih and Abdul Mahdi offers insights into the fragmentation of Iraq’s political scene.

Forming a government as traditional blocs fragment

Since 2003, mass blocs based on ethno-sectarian identities were largely unified during government formation. In Iraq’s first election in 2005, the major players were Shiite political actors led by the United Iraqi Alliance and the Kurds, united under the Kurdistan Alliance. With such internally cohesive blocs, each leader could negotiate on behalf of his bloc. During government formation, most negotiations were completed behind closed doors, and parliament served as a rubber stamp to enact elite bargains.

Typically, the largest bloc would choose the prime minister. In the past, this has always been the united Shiite Islamist bloc with eventual accommodation of the Kurds. Even in the most turbulent times, the Shiite groups were able to unite, at least during government formation. In 2010, only a few years after waging a brutal internal war, Moqtada al-Sadr and Nouri al-Maliki came together to form a united bloc.

That was hardly the case with the selection of Abdul Mahdi. This year’s divisive government formation process began to expose the artificiality of these ethno-sectarian bloc constructs. The opening parliamentary session ended with confusion, as the Binaa bloc, headed by Hadi al-Amiri, and the Islah bloc, led by Sadrist leaders, fragmented any single Shiite-led bloc. They offered contradictory numbers in their claim to have formed the largest bloc. Following the deterioration of the situation in Basra, Amiri and Sadr did reach an understanding. They agreed on Abdul Mahdi. On the day of Abdul Mahdi’s appointment, Sadr hinted at the irrelevance of the largest bloc by tweeting, “Iraq is larger than the largest bloc.”

The presidential selection revealed similar fragmentation. For the first time, the Kurds could not agree on a single candidate for the post. The Kurdish Democratic Party (KDP) challenged the PUK’s hold on the position and offered their own candidate, Fuad Hussein.

The major blocs remained divided, while leaders struggled to get their own newly elected MPs to toe a party line. Within the Binaa bloc, the head of one party expressed his preference for Salih, while another voiced support for Hussein.

Why Salih’s election is significant

Many MPs told me that they made their own choice based on qualifications rather than party affiliation. Hussein had never held a high office position, whereas Salih had served as deputy prime minister of Iraq and prime minister of the Kurdistan Regional Government. Many new MPs criticized previous president Fuad Masum — a product of a backroom deal — as weak and ineffective because of his inexperience.

In negotiations for his presidential bid, some Iraqis argued that Hussein looked similarly weak, often sitting behind his party leader Nechirvan Barzani, who did the talking. In contrast, Salih sat at the head of negotiations, with his party officials behind him.

MPs from across coalitions repeatedly expressed to me that the next president must advocate for the country’s unity and not its dismemberment. This point was particularly sensitive coming one year after the Kurdish Region independence referendum. Although both Hussein and Salih voted in the referendum, Hussein had played an active role in the bid for secession while Salih had remained on the outskirts. And less than a month after the vote, Salih publicly admitted that the referendum had been a bad idea.

Ultimately, the political process in Iraq is slowly moving away from the post-2003 ethno-sectarian dealings. On this occasion, MPs chose their president based on their perceptions of competency and ideology — and not as prescribed by their bloc leader.

The road ahead

Tensions with the post-2003 ethno-sectarian system will shape the next government and define its mandate. So far, the government formation process has revealed that the once seemingly unified ethno-sectarian-based blocs are fragmented, complicating the usual backroom dealings. Leaders are less able to rely on identity to legitimately speak on behalf of groups of people, and MPs can diverge from their party line.

Even as a rubber stamp, parliament has considerable influence on the political process. In the past, bloc leaders have impeached opponents or enacted favorable bills, such as the law that legitimized the Popular Mobilization Units. As the gap between citizens and their elite widens across Iraq, this parliament could be an institution to relay the people’s voice rather than a political tool for the elite.

The elite and the traditional political parties remain stronger than state institutions, so the new president and prime minister will have an uphill battle translating recent developments into structural changes that make last week’s events a turning point rather than an anomaly.

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