Abdul Mahdi faces the biggest bumps by way of forming his government

Twilight News – With the acceleration of the pace of political events in Baghdad after a paralysis lasted four months, Iraqi Prime Minister-designate Adel Abdul-Mahdi himself today in front of a difficult test to form his next government, between calls for the selection of ministers technocrats and others rejecting the abolition of party quotas.

After many hurdles in the formation of alliances after the legislative elections witnessed by Iraq in May last, resulted in sudden political agreements on the election of Mohamed Halabousi as President of the Parliament, and then the election of Barham Saleh President of the Republic, and the appointment of Adel Abdul Mahdi in record time to form a government, It seemed almost impossible hours before that night.

Abdul Mahdi started a government-led campaign to launch a Web site that enabled Iraqis for two days to apply for a ministerial post, in an unprecedented and unusual move in Iraq.

In the other mold, the large political blocs in parliament seek to nominate their candidates, but they offer them as independents.

“All the parties are dealing with the same mentality. The party has seven or eight seats, and it has deputies. It has a ministry that will do everything it can to keep it, because it considers it an electoral entitlement,” said Ahmed al-Asadi, a spokesman for the al-Fath coalition. “He said.

But in contrast, Asadi believes that “the distribution of portfolios will be different this time,” pointing out that the quota will be according to political alliances and not based on the quotas of components, including Shiites, Sunnis and Kurds.

Therefore, the Iraqi political analyst Hisham al-Aqabi that Abdul-Mahdi “in front of a great handicap and a difficult task,” as the political blocs “appear to be consistent, but in internal dialogues everyone wants to get the benefits.”

“The independent does not remain independent.”

The prime minister-designate pointed out on several occasions that previous experiences confirm that no one remains independent if nominated by a party, and therefore he is going ahead with the plan to minister outside the party framework.

The speech is almost in line with what is called for by the prominent Shiite leader Moqtada al-Sadr, who dissolved his coalition first in the legislative elections.

Sadr insists on a technocrat government far from partisan quotas, which are traditionally recognized in Iraq. “We have prevented the nomination of the ministries, but to be the prime minister’s hand, not a gift for blocs and parties or to be subject to quotas,” he said in a tweet last week. “It has to be independent technocrats, otherwise we would have a position.”

He himself called for opening the door of general nomination for specialists and competencies.

But despite this opposition and warning tone from Sadr, a senior official familiar with the negotiations told AFP, asking not to be identified, that “it is impossible for the political blocs to put candidates from outside for ministerial posts.”

It is likely that “the highest proportion of the names of ministers in the new government will be a surprise, as happened to the three presidencies.”

The same official confirms that the winning blocs in the elections will submit four candidates for each ministry, from which the prime minister-designate will choose the person he deems appropriate.

The same official said that the decision to name Abdul Mahdi came after the approval of the Supreme Shiite authority on him, although it does not meet the conditions stressed by the same reference, especially in terms of not involving officials who have participated in power in previous years.

As a result, observers see the political scene, that makes Abdul Mahdi “in the circle of control as it was the most appropriate among the candidates, but not desired.”

In this sense, draws the Iraqi political analyst Hisham al-Hashemi that Abdul Mahdi “will seek to follow the steps of maneuver and political silence.”

The quotas in Iraq have long been based on turning a blind eye to the mistakes of powerful allies in power, even if this reflected negatively on the image of the prime minister, in order to maintain continuity and not to jump and remove him from office.

Hashemi confirms that the outgoing Prime Minister Haidar Abadi, for example, had a “strategy not to anger the powerful partners in power,” which is the reason for his success, and therefore can not be prime minister-designate to “play the eagle.”

Keywords: Shafaaq.com

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

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

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

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

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.

Keywords: Shafaaq.com

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

(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

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

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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