Iraqi News Tuesday AM 4-27-21
Iraqi News Tuesday AM 4-27-21
TLM724 Administrator BondLady’s Corner
Documents .. A Parliamentary Question To The Governor Of The Central Bank Regarding Banks And Currency Outlets
Time: 04/27/2021 15:40:34 Read: 1,417 times {Politics: Al-Furat News} Member of Parliament Jamal al-Muhammadawi addressed a parliamentary question to the Governor of the Central Bank of Iraq [Mustafa Ghaleb is scary] regarding monitoring banks, banking companies and brokerage offices for the sale and purchase of foreign currencies.
According to a document issued by his office, Al-Furat News Agency received a copy of it, Al-Muhammadawi said, "Through the Federal Office of Financial Supervision auditing the data on the capital of private banks, it was noticed that there were a number of banks that did not increase their capital to (250) billion dinars, in contrast to the uncles of the General Directorate of Banking and Credit Control.
In the year 2013, we mention some of these banks, for example, the Dar Al Salam Bank (150) billion dinars, the Babylon Bank (178.859) billion dinars, the Tigris and Euphrates Bank (100) billion dinars, and the Islamic Cooperation Bank (144.481) billion dinars. "
He added that "the follow-up of the Office of Financial Supervision showed that the Central Bank's instructions related to the sale and purchase of currency did not include anything indicating the follow-up of the commercial lists provided by private banks in exchange for imported goods that were covered by credits, which causes the central bank to lose the control component of remittances."
He pointed out that "there are no deterrent measures by the General Directorate of Banking Supervision regarding banks that refrain from paying the issuance of letters of guarantee for a specified period of time."
Al-Muhammadawi added, "Some companies have been observed to engage in brokering activities in selling currency in Baghdad, but they are not installed in the database of the Banking Supervision Directorate."
He stressed that "companies mediating the sale of currency benefited from the issuance of the Banking Control Directorate to stop requests to grant branches to banks, which led to companies and offices taking advantage of the legal loophole."
Al-Muhammadawi was surprised by the suspension of the activity of the mediation companies located in the governorates of Anbar and Nineveh. The suspension did not include the other hot provinces of Salah al-Din and Diyala in 2016.
Al-Muhammadawi revealed that the company (Al-Labab to mediate in the sale of currency) borrowed from the Iraqi Trade Bank an amount of (350) million dinars, that is, (70%) of its capital of (500) million dinars, in contradiction to the law, in addition to that the loan was granted to the company before it was registered with the Department. Company registration. ” LINK
Directing A New Parliamentary Question To The Central Bank Governor
Political| 03:51 - 04/27/2021 Baghdad - Mawazine News, a member of Parliament, Jamal Al-Muhammadawi, addressed a parliamentary question to the Governor of the Central Bank regarding monitoring banks, banking companies and brokerage offices for the sale and purchase of foreign currencies.
According to a document issued by his office, Al-Muhammadawi said, "Through the audit of the Federal Office of Financial Supervision, the data on the capital of private banks, it was noticed that there were a number of banks that did not increase their capital to (250) billion dinars, in contrast to the uncles of the General Directorate of Banking and Credit Monitoring in 2013, and we mention some These banks,
for example, the Dar Al-Salam Bank (150) billion dinars, Babylon Bank (178.859) billion dinars, the Tigris and Euphrates Bank (100) billion dinars, and the Islamic Cooperation Bank (144,481) billion dinars. "
He added that "the follow-up of the Office of Financial Supervision showed that the Central Bank's instructions related to the sale and purchase of currency did not include anything indicating the follow-up of the commercial lists provided by private banks in exchange for imported goods that were covered by credits, which causes the central bank to lose the control component of remittances."
Al-Muhammadawi indicated that "there are no deterrent measures by the General Directorate of Banking Supervision regarding banks that refrain from paying the issuance of letters of guarantee for a specified period of time."
He continued, "Some companies have been observed to engage in brokering activities in selling currency in Baghdad, but they are not installed in the database of the Banking Supervision Directorate."
He emphasized that "companies brokering the sale of currency benefited from the issuance of the Banking Control Directorate to stop requests to grant branches to banks, which led to companies and offices taking advantage of the legal loophole."
Al-Muhammadawi was surprised by the suspension of the activity of the mediation companies located in the governorates of Anbar and Nineveh. The suspension did not include the other hot provinces of Salah al-Din and Diyala in 2016.
Al-Muhammadawi revealed that the company "Al-Labb" to mediate in the sale of currency, borrowed from the Iraqi Trade Bank an amount of (350) million dinars, that is, (70%) of its capital of (500) million dinars, in contradiction to the law, in addition to that the loan was granted to the company before it was registered with Companies Registration Department. ” https://www.mawazin.net/Details.aspx?jimare=151256
Hinting At "Difficult Decisions" .. Al-Kazemi Sends A Stern Warning To The Ministers
Time: 04/27/2021 15:16:35 Read: 3,536 times {Locality: Al Furat News} The Prime Minister, Mustafa Al-Kazemi, confirmed, on Tuesday, that he is personally following the file of the investigation into the Ibn Al-Khatib Hospital fire accident.
Al-Kazemi said during the regular cabinet session that was held today, "The members of the investigation team into the Ibn Al-Khatib Hospital accident are working around the clock with personal follow-up from me, and we are awaiting their report at the date we have set, and we will fully approve its results."
He noted that "the ministers must go to their departments and field work to follow up the citizens' requirements, solve problems and facilitate procedures, as well as review safety procedures in all buildings," adding, "We have evaluations of ministers and officials and we will take difficult decisions, so our goal is to serve our people and correct the situation, to reach early elections." Fair. "
He stressed that "the Ministry of the Interior must deal firmly, and in accordance with the law, with those who offend internal security in Iraq and endanger the lives of citizens."
And Al-Kazemi said, "The current government is a government of services and does not seek electoral competition to achieve political goals, as it has set its sights on serving the citizen first and foremost."
The prime minister pointed out that "ministers should remember that they came for service reasons to serve our people, and not for political goals, before considering running for elections, and they should not exploit their ministries for the elections."
The prime minister affirmed that he "will not allow ministerial sites to become electoral machines, and I categorically reject any exploitation of the state's capabilities by the candidates." LINK
Al-Kifah And Al-Harithiya Stock Exchanges Indicate A Decline In Dollar Prices
Time: 04/27/2021 10:24:58 Read: 5,811 times {Economic: Al Furat News} The exchange rates of the dollar fell, on Tuesday, on the main stock exchange in Baghdad and the Kurdistan Region.
Economists said that the central Al-Kifah and Al-Harithiya Stock Exchange in Baghdad registered 147,800 Iraqi dinars for 100 US dollars.
While the Central Kifah Stock Exchange registered 148,000 Iraqi dinars, during its opening on Monday morning.
They indicated that the selling and buying prices decreased in the exchange shops in the local markets in Baghdad, where the selling price reached 148,250 Iraqi dinars, while the purchase prices reached 147,250 dinars per 100 US dollars. LINK
Parliamentary Work Expects The Passage Of The Retirement And Insurance Law For The Private Sector During The Current Parliamentary Session
Money and business Economy News _ Baghdad The Parliamentary Labor, Immigration and Migration Committee expected that the retirement and social security law for the private sector would see the light during the current parliamentary session, while the Ministry of Labor confirmed that it would ease pressure on appointments in government institutions.
"There are strenuous efforts to legislate the retirement and social security law during the current parliamentary session, in order to adopt it and implement it," Hussein Arab, deputy head of the committee, said in an interview with Al-Sabah newspaper.
He explained, "The law includes privileges for workers in the private sector, represented by age, the difference in salary, and health care."
Arabs pointed out that "the law will be a second umbrella for appointments and will provide thousands of job opportunities in private institutions, as there will be a desire for graduates or the unemployed to obtain a job opportunity in these institutions."
And he added, "The law is similar to the government retirement law for state employees, with its paragraphs and texts, as it is a solution to the problems of the working class in the private sector in an administrative and legal way that guarantees their rights and does not grant the employer the authority to terminate their services."
For his part, Minister of Labor and Social Affairs, Dr. Adel Al-Rikabi, stated that "the new retirement and social security law is one of the strategic laws of the country because it includes many privileges for workers in the private sector, whether it is a company, college, or any of the civil institutions in the country."
He stressed that "the ministry obliges the employer not to terminate the services of workers in these institutions, which will solve the problem of unemployment in society and direct the graduates to work in the private sector and not rely only on government jobs because the law guarantees them full rights that secure a living for them and their families."
He pointed out that "the ministry is working to send inspection teams to the institution that the employer terminates the services of workers through the complaints that the ministry records in this regard with the help of workers to refer him and hold him legally accountable in the labor court."
Al-Rikabi added, "The new law protects workers in the private sector in exchange for a 5% deduction from their total wages." Number of observations 290 Date of addendum 04/27/2021 https://economy-news.net/content.php?id=24946
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