Iraqi News Highlights Saturday Afternoon 11-26-22
Iraqi News Highlights Saturday Afternoon 11-26-22
Tlm724 Administrator Bondlady’s Corner
The Decline Of The Dollar In The Local Markets
Economie| 11:04 - 11/26/2022 Baghdad - Mawazine News Today, Saturday, the exchange rates of the dollar witnessed a slight decrease in the local markets.
The selling price of the dollar was recorded at 148,850 dinars per 100 dollars, while the buying price of the dollar was 148,750 dinars per 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=212432
The Iraq Money Recovery Fund Announces A Proposal To Return Funds From Abroad
Posted On2022-11-26 By Sotaliraq The Money Recovery Fund in Iraq announced, on Sunday, a new proposal to return funds from abroad, and while determining the value of the informant’s reward from the recovered money, it revealed in numbers the funds recovered in four countries during the recent period.
The deputy chairman of the fund’s board of directors, Moataz Al-Abbasi, said in a press interview, “The Iraq Money Recovery Fund was established according to Iraq Money Recovery Fund Law No. (9) of 2012, which was amended according to Law No. (7) of 2019, and approved by the Council of Ministers.”
Representatives,” indicating that “the most important goals that the fund aims to reach are: recovering all the financial rights of the Republic of Iraq that others (Iraqis and foreigners) obtained illegally, as a result of misuse of the oil-for-food program, blockade, smuggling, economic sabotage or Taking advantage of the sanctions imposed on Iraq at the time; To achieve financial gains at the expense of the Iraqi people, and to receive any compensation due to the Republic of Iraq as a result of any legitimate and recognized decision.
And he continued, “The fund’s board of directors may seek the assistance of specialists from inside and outside Iraq who it deems appropriate to accomplish tasks, contract with them and determine the rewards that are granted to them. ‘
To carry out the tasks entrusted to him, in addition to filing civil and penal lawsuits inside or outside Iraq against natural and legal persons, appointing lawyers from inside or outside Iraq, and paying in installments the amounts agreed upon to be recovered in no more than four installments within a period not exceeding (6) six months from The date of the agreement in exchange for guarantees, and the opening of one or more closed accounts in banks inside or outside Iraq in the name of the Ministry of Finance, to deposit the revenues obtained by the fund, but mostly the fund relies on self-efforts and the available expertise that led to the completion of many files.
He referred to “efforts to conclude international agreements with countries or regional and international organizations in the matter of achieving the fund’s goals and overcoming difficulties, especially legal ones,” explaining that “if this is not possible, the government can be obligated when it concludes investment or economic agreements with any country that has funds for Iraq covered by provisions.” This law requires concluding agreements with those countries to recover those funds, and this is what was stipulated in Law No. (9 of 2012), which was expressly amended by Article No. (14) of the aforementioned law.”
He pointed out that the fund has the authority to exempt its collaborators from the amounts owed by them at a rate of (25%) and up to (5) million dollars of the recovered money as a maximum, and the approval of the Council of Ministers is obtained for more than that, explaining that “the board of directors grants a reward to the informant at a rate of (10%) ) provided that it does not exceed (5) million dollars of the recovered money, but in the case of multiple informants, the rewards are distributed in specific proportions to each of them, and according to the role of each of them in recovering the money.
Regarding the connection of the Iraq Money Recovery Fund to the judiciary and the Integrity Commission, Al-Abbasi stated, “The Judicial Council assigns a judge of the first class to consider cases that are related to the tasks of the Fund.
The Director General of the Recovery Department in the Commission, as stipulated in the Fund’s law in Article (3 / First and Second)”, indicating that “the Fund supports the Integrity Commission with the information available to it and which it obtains during the performance of its tasks and duties, in order to recover the funds of Iraq that were smuggled due to corruption After the year 2003.
He added, “The fund was able to achieve important and tangible achievements in the past short period, including the fund’s recovery of (160,000,000) million US dollars from Switzerland, (20,495,415) US dollars from Germany, and (5,447,473) US dollars from Germany as well, and (11,915,440). ) euros from Spain, and (65,102) thousand US dollars from Jordan, in addition to the presence of files in the process of completion, including: more than (185,000,000) million US dollars, in addition to settling claims on Iraq and the last of them with Jordan, as debts were extinguished in the amount of ( 750,000) thousand US dollars, while the fund’s negotiations with the collaborators are in full swing, and we will disclose the results as soon as the desired goal is reached. LINK
In The Document... A Deputy Reveals That The Ministry Of Finance Confirmed The Theft Of (3.7) Trillion Dinars From The Tax Account
Friday 25 November 2022 23:04 | Economical Number of readings: 612
Basra / NINA /- Member of the Parliamentary Integrity Committee, Representative, Engineer Ahmed Taha Al-Rubaie, revealed that the Ministry of Finance confirmed that the amounts stolen from the trusts account belonging to the Tax Authority in the Rafidain Bank amounted to (3.7) trillion dinars.
Al-Rubaie said in a statement: "The ministry indicated, in its address to our office, a detailed report on the amounts and the parties responsible for disbursing these amounts."
He added, "For oversight purposes, we have addressed the Ministry of Finance more than once to clarify the stolen amounts, the parties behind them, and the ministry's procedures for exposing the thieves of public money.
" The administrative and judicial investigation, confirming at the same time his communication with the judicial and oversight authorities to follow up the details of the issue until the money is recovered and the corrupt are held accountable./ End https://ninanews.com/Website/News/Details?key=1016400
Mustafa Sanad: The Central Bank's Dollar Sales Collapsed By Half During The Current Month
Saturday 26 November 2022 12:14 | Economical Number of readings: 485 Baghdad / NINA / - A member of the Parliamentary Finance Committee, Mustafa Sanad, revealed the collapse of the Central Bank's dollar sales by half during the current month.
Sanad said in a tweet on Twitter: “The central bank’s sales of dollars during the year 2022, inside and outside Iraq, it is noted that sales collapsed by half during the current month, due to the exclusion of the Middle East, Al-Ansari, Al-Qabid and Asia banks.”
https://ninanews.com/Website/News/Details?key=1016461
Sarmad Al-Bayati: Eliminating Grand Corruption Is Difficult In The Near Future
Saturday 26 November 2022 09:30 | political Number of readings: 351
Baghdad / NINA / - The security expert, Sarmad Al-Bayati, stressed the difficulty of eliminating grand corruption in the near future.
Al-Bayati said in a statement to the Iraqi National News Agency / NINA /: "The large files of corruption need evidence and flagrante delicto, and therefore all that is currently published in this regard is nothing but a well-known media whirlwind."
In this regard, he pointed out: "The judiciary arrested businessman Ali Ghulam earlier on charges in accordance with Article 456, which is fraud and bailable, and this happened hours after his arrest because there was no evidence of large corruption files against him, and this applies to the accused." Zia al-Musawi, too.
Al-Bayati explained: "The so-called (theft of the century) related to tax deposits of 2.5 billion dollars is nothing but an administrative error, and is not theft in the explicit sense."
He pointed out: "The judiciary and the security services rely on flagrante delicto and identification papers to decide corruption cases, and not through the media, and therefore here there is the difficulty of proof."/ https://ninanews.com/Website/News/Details?Key=1016425
Al-Sudani Stresses The Need To Complete The Draft Budget Law And Submit It To Parliament
Money and business Economy News-Baghdad Today, Saturday, the Prime Minister, Muhammad Shia'a Al-Sudani, stressed the need to complete the budget bill as quickly as possible and submit it to the House of Representatives, in order for it to enter into force without delay.
A statement by the Prime Minister's Media Office stated, "Prime Minister Muhammad Shia' al-Sudani chaired a meeting devoted to discussing the draft federal budget law for the year 2023."
Al-Sudani stressed "the need to complete the draft budget law as quickly as possible, and to submit it to the House of Representatives, so that it can enter into force without delay."
Al-Sudani stressed that "the law targets, in its allocations, the priorities adopted by the ministerial platform, which are combating unemployment, reducing poverty rates, combating corruption, improving services, as well as reforming the economy."
Al-Sudani directed that "the draft law takes into account the importance of presenting infrastructure projects over other projects, in order to create an appropriate environment in the internal economy to achieve the adoption of the ministerial curriculum, provide service and make a difference that the citizen touches, in the service sector and other economic sectors."
Views 148 Added 11/26/2022 - 1:07 PM Updated 11/26/2022 - 7:15 PM
https://economy-news.net/content.php?id=31023
Agriculture Reveals A Proposal To Put A Customs Tariff On Imported Materials
Economie| 11:37 - 11/26/2022 Baghdad - Mawazine News The Ministry of Agriculture confirmed, on Saturday, the government's intention to support the local product, activate the law to protect it, and limit dumping the market with imported materials, while it revealed proposals to set a customs tariff on imported materials.
Agriculture spokesman Hamid al-Nayef said, in an interview with the official news agency, which was followed by Mawazine News, that "there are previous decisions taken, including opening the door to imports, and they affected the local product and the productivity of farmers and farmers."
He added, "Prime Minister Muhammad Shia'a al-Sudani has a tendency to protect the local product by activating the local product protection law, which limits the process of dumping the market," noting that "there is a plan for the Ministry of Agriculture with the Council of Ministers, to reconsider all previous measures, to protect The local product and lower prices, because one of the ministry's tasks is to protect the local product on the one hand and protect the consumer on the other hand.
He stressed "the necessity of reviewing and reconsidering all previous decisions in a way that leads to achieving a reasonable price balance for the farmer as well as the citizen, with the need to go to manufacturing industries, protect the local product and expand agriculture in order to be able to reduce prices and generate manufacturing industries such as paste, dates and other products."
He pointed out that "there are requests by the Minister of Agriculture to restore the agricultural calendar and set the customs tariff that is close to approval, which leads to making the price of the importer and the local product close to some extent, and thus the farmer's work flourishes and he is able to cultivate and the local product flourishes and then reach the coverage of local production." and consumer.” Ended https://www.mawazin.net/Details.aspx?jimare=212434
To read more current and reliable Iraqi news please visit BondLady’s Corner: