Iraq Economic News and Points to Ponder Thursday Morning 9-14-23
Iraq Economic News and Points to Ponder Thursday Morning 9-14-23
Baghdad Sends More Than 100 Billion Dinars To The Kurdistan Region
2023-09- Shafaq News/ The Director General of Trade in the Ministry of Commerce in the Kurdistan Regional Government, Nawzad Kamel, announced today, Thursday, that the Iraqi government has deposited an amount of 107 billion dinars in financial dues to farmers for wheat marketing for the year 2023 in the region’s commercial account.
Kamel said in a statement today that another amount was deposited in the account of the Ministry of Commerce, related to financial dues to farmers for the year 2023, which will be distributed as follows: 50 billion dinars for Sulaymaniyah, 32 billion dinars for Erbil, and 25 billion dinars for Dohuk. He added that after completing the administrative and financial procedures, distribution will take place according to the date of wheat delivery to the silos. LINK
An Economist Warns Of American Intentions Regarding Iraqi Financial Dealings
Information / Baghdad...Economic affairs researcher, Muhammad Al-Saadi, warned on Thursday of American intentions and dictates regarding Iraqi foreign financial transactions, as well as dialogues and invoices, likely imposing new conditions related to the process of transferring the dollar from the US Federal Bank.
Al-Saadi told Al-Maalouma, “Washington may move towards imposing new dictates on Iraq through the visit of the US Assistant Secretary of the Treasury for Anti-Money Laundering Affairs (Elizabeth Rosenberg) to Baghdad and her meeting with the Governor of the Central Bank.”
He added, "It is expected that the visit aims to impose new conditions regarding the transfer of dollars from Iraqi funds in the Federal Bank," noting that "the visit comes in the context of conditions adopted by the American administration to impose on the government of Muhammad Shia al-Sudani and implement them."
He stated, "The conditions include the US Treasury's monitoring of all Iraqi foreign import invoices, and tightening control over Iraqi remittances and the dollar selling platform through the anti-money laundering framework." LINK
Al-Fatah: The Region Deals With The Federal Government As If It Belonged To Another Country
Information / Baghdad... The representative of the Al-Fatah Alliance, Muhammad Al-Baldawi, confirmed on Thursday that the region deals with the federal government as if it belongs to another country, pointing out that the government is working to implement the tripartite budget law that determined the nature of the financial relationship with the region.
Al-Baldawi told Al-Maalouma, “The Kurdistan Region is not considered a second country, but rather it is dealt with according to the law and the constitution as it is part of Iraq, while the regional government deals with its federal counterpart as if it were in another country.”
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He added, "The Kurds often go to points of difference and not to common ground or points that constitute a factor of attraction. They also put pressure on areas around which there are problems, such as Kirkuk Governorate and the tensions that occurred there recently."
He stated that "the tripartite budget determined the nature of the region's financial dealings in handing over oil and non-oil revenues to the federal government, provided that the region reaches its designated percentage of the budget."
Al-Baldawi noted, “The Prime Minister has made it clear that the government cannot differentiate between salaries and the amounts that go to the region in other investment and operational fields.” LINK
Al-Kadhimi’s Corruption Continues.. Nineveh Airport Is Added To The Series Of Files
Information/Baghdad.. On Thursday, Representative for Nineveh Governorate, Khaled Al-Obaidi, revealed exciting details regarding the corruption of former Prime Minister Mustafa Al-Kadhimi, indicating that his advisor stole 54 billion dinars from the Nineveh Airport deal.
Al-Obaidi said in a televised interview followed by Al-Maalouma, “The reconstruction advisor during Al-Kadhimi’s time received a bribe in exchange for signing a contract to reconstruct Nineveh Airport for the benefit of an unknown Turkish company.”
He added, "The previous amount was 214 billion dinars, while 54 billion dinars were added for the benefit of the advisor and senior Al-Kadhimi government."
He pointed out that “construction in Nineveh does not exceed 20% and is limited to paving only,” indicating that the education and health sectors are among the worst sectors in Nineveh, indicating that “serving interests in Nineveh is very “horrible.”
The Al-Kadhimi government is considered the most corrupt, despite its short life, as record numbers of thefts were recorded, such as the theft of the century and others. LINK
Points to Ponder on Truth:
It's a basic truth of the human condition that everybody lies. The only variable is about what. The weird thing about telling someone they're dying is it tends to focus their priorities. You find out what matters to them. What they're willing to die for. David Shore, House M.D., Three Stories, 2004
The public will believe anything, so long as it is not founded on truth. Edith Sitwell (1887 - 1964)
Truth is the only safe ground to stand on Elizabeth Cady Stanton (1815 - 1902)
The truth is more important than the facts. Frank Lloyd Wright (1869 - 1959)
All truths are easy to understand once they are discovered; the point is to discover them. Galileo Galilei (1564 - 1642)
The truth that makes men free is for the most part the truth which men prefer not to hear Herbert Agar
As scarce as truth is, the supply has always been in excess of the demand. Josh Billings(1818 - 1885), 'Affurisms from Josh Billings: His Sayings,' 1865
Say not, 'I have found the truth,' but rather, 'I have found a truth.' Kahlil Gibran (1883 - 1931)
Do not run from the truth. There be nought so hard to live with as a lie. Kathryn L. Nelson,Pemberley Manor, 2006