Bond Lady's Corner
Iraqi News Monday 9-14-20
TLM724 Administrator
Baghdad and Washington are discussing mechanisms to enhance financial cooperation between the two countries
Monday 14 September 2020 93 Baghdad: Morning Yesterday, Sunday, Minister of Finance Ali Allawi discussed with the Ambassador of the United States of America in Baghdad mechanisms for enhancing economic and financial cooperation between the two countries.
The media office of the ministry said in a statement that "Finance Minister Ali Allawi met with the US ambassador to Iraq," noting that "during the meeting, mechanisms for enhancing economic and financial cooperation between the two countries were reviewed and discussed."
The American ambassador stressed, during the meeting, "his country's full support for the plans and measures that the Iraqi government is pursuing, especially with regard to reforming and developing the economic and financial sector under the current circumstances." LINK
Parliamentary Finance To Present In Mid-October The {Bold} Reform Paper
Monday 14 September 2020 162 Baghdad: Nassar Hajj The Parliamentary Finance Committee intends to present the reform paper that the Ministry of Finance passes for discussion in the middle of next month.
Committee rapporteur Ahmed Al-Saffar told INA: The committee held a meeting with the Minister of Finance, the Undersecretary of the Ministry, the General Directors of Tax and Customs, the Rasheed and Rafidian Bankers, to discuss the economic crisis, the draft budget law, and the economic reform paper.
Al-Saffar added that the Minister of Finance promised to submit a draft of the reform paper at the end of this month, provided that the paper is fully presented in the middle of next month, pointing out that the paper is still undergoing some changes, indicating that the committee is awaiting the sending of the draft budget law for the year 2020 by the Council of Ministers. , Indicating that the budget will include borrowing and a mechanism for facing economic conditions and conditions for the next three months. LINK
Iraq PM Appoints Mustafa Ghaleb As C.Bank Governor - INA
Reuters Reuters September 14, 2020 BAGHDAD, Sept 14 (Reuters) - Iraqi Prime Minister Mustafa al-Kadhimi appointed Mustafa Ghaleb as central bank governor, state news agency INA said on Monday.
INA did not provide further details. (Reporting by Samar Hassan; writing by Amina Ismail; Editing by Toby Chopra) https://finance.yahoo.com/news/iraq-pm-appoints-mustafa-ghaleb-083409865.html
Iraqi PM Appoints Mustafa Ghaleb As C.Bank Governor
BAGHDAD, Sept 14 (Reuters) - Iraqi Prime Minister Mustafa al-Kadhimi appointed Mustafa Ghaleb as central bank governor, state news agency INA said on Monday.
https://www.nasdaq.com/articles/iraqi-pm-appoints-mustafa-ghaleb-as-c.bank-governor-ina-2020-09-14
UPDATE 2-Iraqi PM Appoints Mustafa Ghaleb As C.Bank Governor - INA
BANKING AND FINANCIAL NEWS SEPTEMBER 14, 20204:57 AMUPDATED 3 HOURS AGO
By Reuters Staff (Adds other PM appointments)
BAGHDAD, Sept 14 (Reuters) - Iraqi Prime Minister Mustafa al-Kadhimi appointed Mustafa Ghaleb as central bank governor, state news agency INA said on Monday.
Kadhimi also appointed Suha Dawood Elias as head of the National Investment Commission and Salem Jawad Abdul Hadi Al-Jalabi as chairman of state-owned Trade Bank of Iraq (TBI), among other appointments, INA said.
INA did not provide further details.
Iraq’s economy and oil sector were battered by years of wars, sanctions and a stubborn Islamist insurgency triggered by the U.S. invasion.
Iraq relies on oil to fund 97% of its state budget. Iraqi Finance Minister Ali Allawi told parliament last week that reforming Iraq’s economy would take five years of work and that state debt amounted to 80-90% of national product, while foreign debt was at $133 billion. (Reporting by Samar Hassan; writing by Amina Ismail; Editing by Toby Chopra)
https://www.reuters.com/article/iraq-politics/update-1-iraqi-pm-appoints-mustafa-ghaleb-as-c-bank-governor-ina-idUKL8N2GB1VH
Integrity Challenges The Decision To Release A Bank Manager In The Case Of Wasting $ 20 Million
Time: 09/14/2020 14:44:40 Read: 1,378 times {Baghdad: Al Furat News} The Federal Integrity Commission revealed its appeal against the decision of the Rusafa Misdemeanor Court, which is specialized in issues of integrity, which ordered the release of the former head of the main branch of the Iraqi Trade Bank. Noting that the presidency of the Baghdad Court of Appeal in its cassation capacity decided to accept the appeal.
In its discussion of the details of the case, which centered on suspicions of damaging the bank’s funds in the amount of two million dollars, the Investigation Department indicated that the Commission was not satisfied with the misdemeanor court’s decision to cancel the accusation directed at the head of the main branch of the former Iraqi Trade Bank. So she marked the decision.
The department added that the Presidency of the Federal Court of Appeal of Baghdad - Al-Karkh, in its cassation capacity, agreed to the cassation request; Because it was within the legal period and included its reasons, so it was decided to accept it in form, and when looking at the distinguished decision it was found to be incorrect, explaining the acceptance of the discriminatory appeal, reversing the ruling and intervening in discrimination of the referral decision, revoking it and returning the case papers to the Al-Karkh Investigation Court that is specialized in integrity cases.
It should be noted that Article (14 / Second) of the Integrity and Graft Commission Law No. 30 of 2011, as amended, gave the Commission the right to appeal judgments and decisions issued in every corruption case that is not investigated by one of the investigators of the Investigation Department. Third of the same article, the Commission has the right to appeal, by way of cassation, to the decision of the investigating judge rejecting his request for any reason. LINK
The High Exchange Rates Of The Dollar In The Local Markets
Market Economy News _ Baghdad The exchange rate of the dollar rose in the main stock market and local markets today, Monday (September 14, 2020).
The Kifah Stock Exchange recorded 123,200 dinars compared to 100 dollars, while the stock exchange yesterday recorded 123,150 dinars per 100 dollars.
Selling prices in the exchange shops in the local markets in Baghdad:
Selling price: 123.750 dinars per 100 dollars. Purchase price: 122.750 dinars per 100 dollars.
Number of observations 91 Date added: 09/14/2020 https://economy-news.net/content.php?id=21845
The Finance Committee Reveals The Fate Of The Salaries For The Remaining Months Of The Current Year
Money and business Economy News _ Baghdad The Parliamentary Finance Committee revealed, on Monday, that the amount of external debt owed by Iraq is $ 25 billion and the internal debt is 85 trillion dinars, while it indicated that the general budget provides salaries for employees for the remaining months of the current year 2020.
The committee's reporter, Ahmed Al-Saffar, said in a press statement, "The House of Representatives will start the procedures for discussion and reading of the draft general budget law for the year 2020," indicating that it will be "approved as soon as possible if it reaches the parliament."
Al-Saffar expected, "it will be approved by the next session of the Council of Ministers and sent to Parliament next week," adding that "the budget includes within its law internal and external borrowing."
He pointed out that "the government will secure the salaries of employees for the remaining months of the year 2020," noting that "the volume of debts owed by the government to banks and banks reached 25 billion dollars abroad and 85 trillion internal dinars."
The government had submitted the bill, which includes foreign borrowing of $ 5 billion, and internal borrowing of $ 15 trillion to bridge the country's fiscal deficit.
Number of observations 79 Date added: 09/14/2020 https://economy-news.net/content.php?id=21847
Institute For International Studies: Washington Plans To Withdraw Completely From Iraq In 2023
POSTED ON 2020-09-14 BY SOTALIRAQ Translation / Hamid Ahmad
Nearly three years after Iraq announced the end of ISIS, the size and extent of the continued survival of foreign countries to help Baghdad maintain security will have impacts on the geopolitical side of the coalition and its counterterrorism and corruption operations, and indirect effects on other issues in the country.
How the new prime minister, Mustafa Al-Kazemi, will deal with local demands and achieve balance in relations with the United States and Iran, will determine whether progress can be made toward the goal of restricting weapons in the hands of the state within a one-year period of his remaining in power prior to early elections.
In late August, during the Iraqi-American strategic dialogue, reports indicated that US President Donald Trump told Al-Kazemi that all American forces would withdraw from the country by 2023.
The United States is at the forefront of the countries of the international coalition against ISIS in its assistance to Iraq, as the largest donor in the field of security and humanitarian sectors. The withdrawal process is likely to play a major role in how the Iraqis plan for the coming years and whether they look to other countries for help.
Nevertheless, declining threats from ISIS and the escalation of the combat capabilities of Iraqi forces on the other hand, may theoretically make the request for external security assistance less necessary.
Political parties and armed groups have long been calling for a complete US withdrawal from Iraq, yet there are many Iraqis, and even within the Iraqi security forces themselves, they acknowledge that the Iraqi armed forces still need the security assistance that the coalition provides to them in dealing with ISIS threats, which include On training, military equipment, and intelligence effort as well.
There are countries that are not part of the coalition that contribute, through direct and indirect channels, to providing security assistance to the country. Some analysts point out that while the United States and Western countries tend to focus their aid to the country on strengthening its governmental institutions, there are regional powers, including Iran, that resort to strengthening non-governmental sectors in order to increase their influence in the country and thus weaken the state considerably.
However, as far as the future of international security assistance to Iraq from Western countries is concerned, an official from one of the European countries, who asked not to be named, said that the question should be as follows: "Why should we provide security assistance in Iraq?"
"From an abstract perspective, there are no security threats against Europe and the United States coming from Iraq, which require us from an internal national security standpoint to justify the presence of international forces in Iraq," the official said.
The US-led international coalition withdrew from several military bases in recent months, but missile attacks are still targeting bases containing international coalition forces. ISIS also continues to carry out attacks in several separate areas across the country, especially in areas witnessing a security absence and disputed areas as well.
In the meantime, Denmark is preparing to assume command of NATO missions for training programs in Iraq at the end of this year. An unclassified Danish security report issued on May 26 to assess the security situation in Iraq and the threats therein, indicated that the security situation has worsened in recent months, and that there are armed groups that pose "a political and military threat to Western interests and their presence in the country."
Nevertheless, Iraq has been left to become more self-reliant and on its feet.
It seems that the United States is confident that the country is in the best position now towards preventing and preventing any new emergence of armed groups that threaten its interests in the region and beyond. Or, you may feel that it simply no longer enjoys the welcome it did in the past, despite Al-Kazemi's repeated assurances that Iraq and the United States enjoy close relations.
The international security aid provided by this country in recent years in the form of equipment, ammunition and training will therefore be greatly reduced. The hope that remains is that the thousands of troops that have been trained and the millions of dollars spent providing equipment and humanitarian aid will ultimately help maintain security as much as possible.
For: ISPI Studies Institute Written by: Shelley Kittelson LINK
To read more current and reliable Iraqi news please visit BondLady’s Corner:
https://www.bondladyscorner.com/
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2020 Dinar Chronicles
Iraqi News Monday 9-14-20
TLM724 Administrator
Baghdad and Washington are discussing mechanisms to enhance financial cooperation between the two countries
Monday 14 September 2020 93 Baghdad: Morning Yesterday, Sunday, Minister of Finance Ali Allawi discussed with the Ambassador of the United States of America in Baghdad mechanisms for enhancing economic and financial cooperation between the two countries.
The media office of the ministry said in a statement that "Finance Minister Ali Allawi met with the US ambassador to Iraq," noting that "during the meeting, mechanisms for enhancing economic and financial cooperation between the two countries were reviewed and discussed."
The American ambassador stressed, during the meeting, "his country's full support for the plans and measures that the Iraqi government is pursuing, especially with regard to reforming and developing the economic and financial sector under the current circumstances." LINK
Parliamentary Finance To Present In Mid-October The {Bold} Reform Paper
Monday 14 September 2020 162 Baghdad: Nassar Hajj The Parliamentary Finance Committee intends to present the reform paper that the Ministry of Finance passes for discussion in the middle of next month.
Committee rapporteur Ahmed Al-Saffar told INA: The committee held a meeting with the Minister of Finance, the Undersecretary of the Ministry, the General Directors of Tax and Customs, the Rasheed and Rafidian Bankers, to discuss the economic crisis, the draft budget law, and the economic reform paper.
Al-Saffar added that the Minister of Finance promised to submit a draft of the reform paper at the end of this month, provided that the paper is fully presented in the middle of next month, pointing out that the paper is still undergoing some changes, indicating that the committee is awaiting the sending of the draft budget law for the year 2020 by the Council of Ministers. , Indicating that the budget will include borrowing and a mechanism for facing economic conditions and conditions for the next three months. LINK
Iraq PM Appoints Mustafa Ghaleb As C.Bank Governor - INA
Reuters Reuters September 14, 2020 BAGHDAD, Sept 14 (Reuters) - Iraqi Prime Minister Mustafa al-Kadhimi appointed Mustafa Ghaleb as central bank governor, state news agency INA said on Monday.
INA did not provide further details. (Reporting by Samar Hassan; writing by Amina Ismail; Editing by Toby Chopra) https://finance.yahoo.com/news/iraq-pm-appoints-mustafa-ghaleb-083409865.html
Iraqi PM Appoints Mustafa Ghaleb As C.Bank Governor
BAGHDAD, Sept 14 (Reuters) - Iraqi Prime Minister Mustafa al-Kadhimi appointed Mustafa Ghaleb as central bank governor, state news agency INA said on Monday.
https://www.nasdaq.com/articles/iraqi-pm-appoints-mustafa-ghaleb-as-c.bank-governor-ina-2020-09-14
UPDATE 2-Iraqi PM Appoints Mustafa Ghaleb As C.Bank Governor - INA
BANKING AND FINANCIAL NEWS SEPTEMBER 14, 20204:57 AMUPDATED 3 HOURS AGO
By Reuters Staff (Adds other PM appointments)
BAGHDAD, Sept 14 (Reuters) - Iraqi Prime Minister Mustafa al-Kadhimi appointed Mustafa Ghaleb as central bank governor, state news agency INA said on Monday.
Kadhimi also appointed Suha Dawood Elias as head of the National Investment Commission and Salem Jawad Abdul Hadi Al-Jalabi as chairman of state-owned Trade Bank of Iraq (TBI), among other appointments, INA said.
INA did not provide further details.
Iraq’s economy and oil sector were battered by years of wars, sanctions and a stubborn Islamist insurgency triggered by the U.S. invasion.
Iraq relies on oil to fund 97% of its state budget. Iraqi Finance Minister Ali Allawi told parliament last week that reforming Iraq’s economy would take five years of work and that state debt amounted to 80-90% of national product, while foreign debt was at $133 billion. (Reporting by Samar Hassan; writing by Amina Ismail; Editing by Toby Chopra)
https://www.reuters.com/article/iraq-politics/update-1-iraqi-pm-appoints-mustafa-ghaleb-as-c-bank-governor-ina-idUKL8N2GB1VH
Integrity Challenges The Decision To Release A Bank Manager In The Case Of Wasting $ 20 Million
Time: 09/14/2020 14:44:40 Read: 1,378 times {Baghdad: Al Furat News} The Federal Integrity Commission revealed its appeal against the decision of the Rusafa Misdemeanor Court, which is specialized in issues of integrity, which ordered the release of the former head of the main branch of the Iraqi Trade Bank. Noting that the presidency of the Baghdad Court of Appeal in its cassation capacity decided to accept the appeal.
In its discussion of the details of the case, which centered on suspicions of damaging the bank’s funds in the amount of two million dollars, the Investigation Department indicated that the Commission was not satisfied with the misdemeanor court’s decision to cancel the accusation directed at the head of the main branch of the former Iraqi Trade Bank. So she marked the decision.
The department added that the Presidency of the Federal Court of Appeal of Baghdad - Al-Karkh, in its cassation capacity, agreed to the cassation request; Because it was within the legal period and included its reasons, so it was decided to accept it in form, and when looking at the distinguished decision it was found to be incorrect, explaining the acceptance of the discriminatory appeal, reversing the ruling and intervening in discrimination of the referral decision, revoking it and returning the case papers to the Al-Karkh Investigation Court that is specialized in integrity cases.
It should be noted that Article (14 / Second) of the Integrity and Graft Commission Law No. 30 of 2011, as amended, gave the Commission the right to appeal judgments and decisions issued in every corruption case that is not investigated by one of the investigators of the Investigation Department. Third of the same article, the Commission has the right to appeal, by way of cassation, to the decision of the investigating judge rejecting his request for any reason. LINK
The High Exchange Rates Of The Dollar In The Local Markets
Market Economy News _ Baghdad The exchange rate of the dollar rose in the main stock market and local markets today, Monday (September 14, 2020).
The Kifah Stock Exchange recorded 123,200 dinars compared to 100 dollars, while the stock exchange yesterday recorded 123,150 dinars per 100 dollars.
Selling prices in the exchange shops in the local markets in Baghdad:
Selling price: 123.750 dinars per 100 dollars. Purchase price: 122.750 dinars per 100 dollars.
Number of observations 91 Date added: 09/14/2020 https://economy-news.net/content.php?id=21845
The Finance Committee Reveals The Fate Of The Salaries For The Remaining Months Of The Current Year
Money and business Economy News _ Baghdad The Parliamentary Finance Committee revealed, on Monday, that the amount of external debt owed by Iraq is $ 25 billion and the internal debt is 85 trillion dinars, while it indicated that the general budget provides salaries for employees for the remaining months of the current year 2020.
The committee's reporter, Ahmed Al-Saffar, said in a press statement, "The House of Representatives will start the procedures for discussion and reading of the draft general budget law for the year 2020," indicating that it will be "approved as soon as possible if it reaches the parliament."
Al-Saffar expected, "it will be approved by the next session of the Council of Ministers and sent to Parliament next week," adding that "the budget includes within its law internal and external borrowing."
He pointed out that "the government will secure the salaries of employees for the remaining months of the year 2020," noting that "the volume of debts owed by the government to banks and banks reached 25 billion dollars abroad and 85 trillion internal dinars."
The government had submitted the bill, which includes foreign borrowing of $ 5 billion, and internal borrowing of $ 15 trillion to bridge the country's fiscal deficit.
Number of observations 79 Date added: 09/14/2020 https://economy-news.net/content.php?id=21847
Institute For International Studies: Washington Plans To Withdraw Completely From Iraq In 2023
POSTED ON 2020-09-14 BY SOTALIRAQ Translation / Hamid Ahmad
Nearly three years after Iraq announced the end of ISIS, the size and extent of the continued survival of foreign countries to help Baghdad maintain security will have impacts on the geopolitical side of the coalition and its counterterrorism and corruption operations, and indirect effects on other issues in the country.
How the new prime minister, Mustafa Al-Kazemi, will deal with local demands and achieve balance in relations with the United States and Iran, will determine whether progress can be made toward the goal of restricting weapons in the hands of the state within a one-year period of his remaining in power prior to early elections.
In late August, during the Iraqi-American strategic dialogue, reports indicated that US President Donald Trump told Al-Kazemi that all American forces would withdraw from the country by 2023.
The United States is at the forefront of the countries of the international coalition against ISIS in its assistance to Iraq, as the largest donor in the field of security and humanitarian sectors. The withdrawal process is likely to play a major role in how the Iraqis plan for the coming years and whether they look to other countries for help.
Nevertheless, declining threats from ISIS and the escalation of the combat capabilities of Iraqi forces on the other hand, may theoretically make the request for external security assistance less necessary.
Political parties and armed groups have long been calling for a complete US withdrawal from Iraq, yet there are many Iraqis, and even within the Iraqi security forces themselves, they acknowledge that the Iraqi armed forces still need the security assistance that the coalition provides to them in dealing with ISIS threats, which include On training, military equipment, and intelligence effort as well.
There are countries that are not part of the coalition that contribute, through direct and indirect channels, to providing security assistance to the country. Some analysts point out that while the United States and Western countries tend to focus their aid to the country on strengthening its governmental institutions, there are regional powers, including Iran, that resort to strengthening non-governmental sectors in order to increase their influence in the country and thus weaken the state considerably.
However, as far as the future of international security assistance to Iraq from Western countries is concerned, an official from one of the European countries, who asked not to be named, said that the question should be as follows: "Why should we provide security assistance in Iraq?"
"From an abstract perspective, there are no security threats against Europe and the United States coming from Iraq, which require us from an internal national security standpoint to justify the presence of international forces in Iraq," the official said.
The US-led international coalition withdrew from several military bases in recent months, but missile attacks are still targeting bases containing international coalition forces. ISIS also continues to carry out attacks in several separate areas across the country, especially in areas witnessing a security absence and disputed areas as well.
In the meantime, Denmark is preparing to assume command of NATO missions for training programs in Iraq at the end of this year. An unclassified Danish security report issued on May 26 to assess the security situation in Iraq and the threats therein, indicated that the security situation has worsened in recent months, and that there are armed groups that pose "a political and military threat to Western interests and their presence in the country."
Nevertheless, Iraq has been left to become more self-reliant and on its feet.
It seems that the United States is confident that the country is in the best position now towards preventing and preventing any new emergence of armed groups that threaten its interests in the region and beyond. Or, you may feel that it simply no longer enjoys the welcome it did in the past, despite Al-Kazemi's repeated assurances that Iraq and the United States enjoy close relations.
The international security aid provided by this country in recent years in the form of equipment, ammunition and training will therefore be greatly reduced. The hope that remains is that the thousands of troops that have been trained and the millions of dollars spent providing equipment and humanitarian aid will ultimately help maintain security as much as possible.
For: ISPI Studies Institute Written by: Shelley Kittelson LINK
To read more current and reliable Iraqi news please visit BondLady’s Corner:
https://www.bondladyscorner.com/
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2020 Dinar Chronicles
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