Frank26 "How Else Can They Tell You They Raised The Value!!!" 8-27-2021
KTFA:
Frank26: "HOW ELSE CAN THEY TELL YOU THEY RAISED THE VALUE!!!".........F26
The Minister of Finance announces the completion of the preparation of the 2022 budget and comments on the exchange rate change
26th August, 2021
The Ministry of Finance, Ali Abdul-Amir Allawi, announced, on Thursday, the completion of the preparation of the 2022 budget, revealing the date of its presentation in the Council of Ministers.
Allawi said, "Iraq's financial policy during a year and a half went through five exceptional circumstances, (RV/RECALCULATIONS...F26) and we entered the beginning of the government's work without any financial safety valve." (WITHOUT AN RI...F26)
He added, "The Iraqi economy has changed since 2019, the obligations of the previous government, and the Corona crisis led to the collapse of oil prices and increased unemployment. We worked as a government policy to control expenditures that were reflected in state revenues, and that the process of changing the exchange rate was not easy."
He continued, "The dollar exchange rate should have been changed years ago, which reflected something beneficial to reform the economic system. (MONETARY REFORM FIRST ECONOMIC REFORM 2ND...F26)
Our fiscal and monetary policy is reformist and must continue." He pointed out, "Our fiscal policy aims at balancing oil and maximizing other resources, and we have started correct reform work, (BECAUSE OF THE RI...F26) starting with banks and customs, and we have come out safely from the difficult economic situation."
The Minister of Finance said, "The preparation of the 2022 budget has been completed, (EDDIE KNOWS...F26) and it will be presented within 3 weeks to the Council of Ministers." He pointed out, "The exchange rate reflects many issues (YA THINK? ...F26) and its rise is beneficial to some economic sectors," stressing that "the Kurdistan region has not implemented its obligations regarding the payment of oil prices."
The Minister of Finance stressed that "the improvement in oil prices does not solve the financial distress quickly due to internal and external debts." LINK
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A SECOND VERSION:
The Minister of Finance reveals important details about the 2022 budget, salaries and money smuggled due to corruption
08/26/2021 15:15:41
Minister of Finance, Ali Allawi, revealed, on Thursday, important details about the 2022 budget, salaries and money smuggled due to corruption.
And the Minister of Finance stated in a press statement, that “the completion of the preparation of the draft financial budget law for 2022, will be presented within 3 weeks to the Council of Ministers, and that the exchange rate reflects many issues and its rise is beneficial for some economic sectors,” noting that “the process of changing the exchange rate was not easy, and our policy is stability in the exchange rate and we will defend it, and the dollar exchange had to be changed years ago, which is the opposite of something useful for reforming the economic system.”
He added, "The exchange rate reflects many issues and its rise is beneficial for some economic sectors. When we changed the exchange rate, we wanted to create a competitive atmosphere in Iraq," noting that "the price of a barrel of oil in the 2022 budget will be $50, or 65% of the state budget goes to salaries and perhaps OPEC will add 450,000 barrels to Iraq's oil production."
He continued, "Taxes are important in stimulating production and investment, and they are very few in Iraq, that is, they are not equivalent to 1% of the national income," while noting that "the state's oil resources are eroding due to the large obligations of salaries and retirement, and that the improvement in oil prices does not solve the distress." “The tax law will reconsider the issue of tax in Iraq and draw up a new policy and new law. Reconsidering the financial structure of the state is one of the most important challenges ahead.”
He added, "The sums of the smuggled former regime and property do not exceed several palaces or houses, and the property of the former regime is not equal to 5% of the other assets that were taken from Iraq. About 200 billion dollars were smuggled out of Iraq due to corruption operations. It is not easy to recover these funds and we have started dialogue with countries The neighborhood that received our money, about 20 billion dollars, evaporated from the Iraqi money smuggled into the banks of the countries."
The minister concluded by saying that "the debts of the Paris Club have become few after Iraq paid a lot of them, and the foreign debt is about 50 billion dollars," noting that "there are about 6.5 million citizens who receive financial dues from the state." LINK
Frank26: "FAMILY, THE FOLLOWING ARTICLES IS THE CBI COMMUNICATING WITH IRAQI CITIZENS ABOUT MONETARY REFORM".........F26
Circulars Blog
26th August, 2021
2016 / 2017 / 2018 / 2019 / 2020
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The Bank announces the holding of Microsoft Sql Server course for the period 26-2021/9/30
26th August, 2021
The Central Bank of Iraq / Center for Banking Studies announces the establishment of a training course entitled " Microsoft Sql Server" for all authorized banks and all approved electronic payment companies for the period from 26-30/ 9 /2021, as detailed below
- Target group: All employees whose work is related to the above course topic or whomever you deem appropriate
- Duration of training:- (5) days (20) hours, starting from 9:00 in the morning until 1:00 in the evening
3- The method of holding the course: - Remote electronic training via the ZOOM electronic platform
4- Certificate of Participation: The participant is granted a certificate of participation issued by the Central Bank of Iraq
5- Course language: Arabic with some specialized terms in English
6- How to register: - The name of the triple candidate, his job position, his e-mail and a phone number that contains WhatsApp
Note that the subscription fees are (200,000) dinars (two hundred thousand dinars) for one participant, we are authorized to deduct them from your account (in Iraqi dinars) opened with this bank, and in the absence of an account, payment is made in cash. We kindly ask you to send your nominations to the e-mail of the Center for Banking Studies (bsc@cbi.iq), with the nomination letters sent by the official mail, well before the start of the course
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The Bank announces the establishment of a course of measurement and analysis of risks in Islamic banks for the period from 26-2021/9/30
26th August, 2021
The Central Bank of Iraq / Center for Banking Studies announces the establishment of a training course entitled (Measurement and Analysis of Risks in Islamic Banks) for all government and private banks for the period from 9/30/26-2021, as detailed below
1- Target group: All employees whose work is related to the topic of the above course
2- Duration of training:- (5) days (20) hours, starting from 9:00 in the morning until 1:00 in the afternoon
3- The method of holding the course: - Remote electronic training via the ZOOM 0 . electronic platform
4- Certificate of Participation: The participant is granted a certificate of participation issued by the Central Bank of Iraq
5- Language of the course: Arabic language
6- How to register:- The name of the triple candidate, his job position, his email and a phone number that contains WhatsApp
Note that the subscription fees are (200,000) dinars (two hundred thousand dinars) for one participant, we are authorized to deduct it from your account (in dinars) opened with this bank, and in the absence of an account, the payment is made in cash. We kindly ask you to send your nominations to the e-mail of the Center for Banking Studies (bsc@cbi.iq),with the nomination letters
sent by official mail and before the start of the course
https://cbi.iq/news/view/1806
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The Bank announces the establishment of a course of analysis and assessment of money management risks for the period from 19-2021/9/23
26th August, 2021
The Central Bank of Iraq / Center for Banking Studies announces the establishment of a training course entitled "Analysis and evaluation of money management risks" for all governmental and private banks for the period from 19-2021/9/23, and its details are shown below
1- Target group: All employees whose work is related to the topic of the course above or whomever you deem appropriate
2- Duration of training:- (5) days (20) hours, starting from 9:00 in the morning until 1:00 in the afternoon
3- The method of holding the program: - E-training via the ZOOM electronic platform
4- Certificate of Participation: The participant is granted a certificate of participation issued by the Central Bank of Iraq
5- Program language: Arabic
6- Registration method: - The name of the triple candidate, his job position, his email and a phone number that contains WhatsApp
Note that the subscription fees (200,000) thousand (two hundred thousand dinars) for each participant, we are authorized to deduct it from your account (in dinars) opened with this bank, and in the absence of an account, the payment is made in cash. We kindly ask you to send your nominations to the e-mail to the Center for Banking Studies ( bsc@cbi.iq ), with the nomination letters sent by official mail later and before the start of the program
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The Bank announces the establishment of a cycle of techniques and best practices in drafting, auditing and analyzing contracts for the period 9/23/19-2021
26th August, 2021
The Central Bank of Iraq / Center for Banking Studies announces the establishment of a training course entitled “Techniques and Best Practices in Drafting, Auditing and Analysis of Contracts” for all governmental and private banks for the period from 9/23/19-2021, as detailed below
1- Target group: All employees whose work is related to the above course topic or whomever you deem appropriate
2- Duration of training:- (5) days (20) hours, starting from 9:00 in the morning until 1:00 in the evening
3- The method of holding the course: - Remote electronic training via the ZOOM electronic platform
4- Certificate of Participation: The participant is granted a certificate of participation issued by the Central Bank of Iraq
5- Language of the course: Arabic
- How to register:- The name of the triple candidate, his job position, his email and a phone number that contains WhatsApp
Note that the subscription fees (200,000) dinars (two hundred thousand dinars per participant, the validity is Takuillena deducted from your account (Iraqi Dinar) Open when this bank and in the absence of account payment is made in cash. We ask you send your nominations to e - mail to the Center for Banking Studies (BSC @ cbi.iq) with sending the nomination books by official mail, well before the start of the course