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

Sources: A scheme to curb the detection of corrupt in Iraq

Political sources revealed the existence of a plan adopted by political figures and leaders in Iraq to take to the streets and use their armed wings and cause chaos in Baghdad and the rest of the provinces if they were summoned to investigate financial corruption.

The sources pointed to the sending VIPs known to the Iraqis of corruption, threats contained through indirect messages to the team that runs the work of the Supreme Council to combat corruption, that they will use their armed wings to cause chaos in Baghdad, if their corruption is revealed before the judiciary and called for investigation, Abdul Mahdi has two choices without a third, either exposing the corruption of figures who looted the money of Iraqis, or silence, which will make his government weak can not make any difference from previous governments.

Pressure

The sources stressed the existence of political pressure on Prime Minister Adel Abdul Mahdi against the positions of the second degree, under the pretext of the right component and representation and the right to vote, including the file of the administration of positions by proxy.

The sources said that the government program for Adel Abdul Mahdi, which was approved, requires a wide changes in positions in which the owners spent more than six years, and the positions administered by the proxy, and now there is talk about movements of political parties and blocs, demanding to ensure their share of these positions, Within terms that they can use to hide behind them to achieve party interests.

She added: «Prime Minister may resort to the method of electronic window, which he used during the competition for ministerial positions to get rid of these pressures», stressing that Abdul Mahdi is obliged to end the file management of government positions by proxy before June, because of the existence of a budget item necessitates it, Which means starting the battle of special grades early.

Serious files

In the context, the sources said that there are serious files with names and figures linked to the corruption of senior politicians, reached the Supreme Council for the fight against corruption, which are files of corruption over the previous years, indicating that the Supreme Council to combat corruption is determined to reveal names, To the judiciary regardless of his social or political position. She added that Abdul Mahdi wants to apply the recommendations of the religious reference, which he put before his election as prime minister, to hit an iron hand on every corrupt, whatever his position.

SOTALIRAQ.com

Political blocs reach consensus on vacant ministerial portfolios: MP

Patriotic Union of Kurdistan MP Hassan Ali on Sunday said that the parliament will hold four meetings this week. He also pointed out that there is a consensus between the political blocs on the candidate of the vacant ministries of interior, defense and justice.

The four meetings will be held on daily basis on Monday and Thursday, Ali said.

PUK and Kurdistan Democratic Party (KDP) have resolved the dispute on the Ministry of Justice portfolio, Ali stressed.

Thebaghdadpost.com