More News, Rumors and Opinions Thursday Afternoon 12-26-19
KTFA:
Samson: Trade Bank of Iraq
26th December, 2019
We would like to inform our valued customers...
External Atm machines across all our branches and located in the commercial areas are also working continuously, and will not be stopped from the end of the year for annual inventory and you can withdraw your salaries through them.
So it needed to be mentioned. LINK
JimmieO: Hmmmmm.....Wonder what notes will be loaded into them???
Samson: Integrity: Another arrest warrant was issued against the former TBI bank manager
10:29 - 26/12/2019
On Thursday, Integrity announced the issuance of a warrant of arrest and investigation against the former director of the Iraqi Bank for Trade of TBI, based on the provisions of Article 341 of the Penal Code, noting that the order was issued against the background of the accused not appearing before the judiciary.
A statement issued by the authority received / information /, a copy of it, that “the misdemeanor court specialized in integrity issues in Baghdad issued an arrest warrant and investigation against the accused, based on the requirements of the court’s provision in the case for granting the accused banking facilities of $ 40,000,000 million to a private bank.” With weak guarantees, which caused damage to public money, while the court decided to postpone the trial to another date.
It is noteworthy that the Authority had announced on the eighteenth of this month the issuance of the Najaf Criminal Court, which is specialized in examining integrity issues, an arrest warrant against the accused against the background of the special case for the bank’s branch in Erbil Governorate to grant banking facilities worth $ 60 million to a company to establish a laboratory Cement without adequate guarantees. LINK
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Doodlebug: ARTICLE 75, Iraqi Constitution
https://www.constituteproject.org/constitution/Iraq_2005.pdf?lang=en
FIRST
The President of the Republic shall have the right to submit his resignation in writing to the Speaker of the Council of Representatives, and it shall be considered effective after seven (7) days from the date of its submission to the Council of Representatives.
SECOND
The Vice President shall replace the President in case of his absence
THIRD
The Vice President shall replace the President of the Republic in the event that the post of the President becomes vacant for any reason whatsoever. The Council of Representatives must elect a new President within a period not to exceed Thirty (30) days from the date of the vacancy.
FOURTH
In case the post of the President of the Republic becomes vacant, the Speaker of the Council of Representatives shall replace the President of the Republic in case he does not have a Vice President, on the condition that a new President is elected during a period not to exceed thirty days from the date of the vacancy and in accordance with the provisions of this Constitution.
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Don961: Conscious / 170 deputies reject the resignation of the President of the Republic
Posted by Iraqi media news agency / conscious
December 26, 2019
Conscious Baghdad
On Thursday, 170 signatories of the specifications of the next prime minister, Barham Salih, resigned.
The deputies said in a statement received by (Iraqi Media News Agency / INA) that we “signatories to the characteristics of the next prime minister. National and popular options are the one who has the final say in the form and features of the next prime minister, away from partisanship and quotas, in a manner consistent with the aspirations of the Iraqi people and the steps for reform and change. In the popular aspirations and
TSM: do they ever consider JUST DOING THEIR JOB.... nominate the peoples choice and stop the BS
Osmosis: Its not in their DNA...…….IMO
Courtesy of Dinar Guru
Delta ...This is coming from the CBI...they said they can not change the value at any time...there is a legal and international policy they can change the rate only the first of the fiscal year. That's January 1st. That's why they could not do it July, August or September. We were wrong unfortunately...we thought they could do it at any time. That's wrong. They can not do it at any time...we are in a very good position right now...they ordered [the powers that be] the CBI that this time they are going to do it. There is no delay.
Bruce ...The bank screens, were gray scale for days last week we didn’t have rates on the front screen at all - Now we have front screen rates in green - so we have the green light so to speak on the front screen... Well it doesn’t do us any good if we’re not in there – it’s good to know that they are there and are populated – We also know that the Iraqi dinar is going to be increasing in value – continuing to increase – and it should be settled in at whatever time we tier 4B are finally released to come in for our exchanges...what I’ve heard from bank sources today is that we should be in the driver’s seat by Thursday the 26th...But if we don’t...start our exchanging by Friday then we are looking to Monday-Tuesday start...I hate the term “Back walls” ...but this is from a very, very strong authority...
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TNT:
Annie68: I feel like we all got our balloons deflated this week. Bummer!
Elmerf123456: Annie don’t live on the life of helium Hopium. Live every day full of your intentions. Not others. If you live on the intentions of others you’ll only be disappointed. If you hold on to the currency and live life every single day without that being your balancing act you’ll be ok. As long as you have the currency you always have the ticket to go to the dance when it happens.
Jambie67: President Salih resigned: ..."The president handed his resignation to parliament on Thursday after refusing to endorse a nominee for the prime ministership from an Iran-backed political group."..
Jambie67: Iraq's political scene seems to be all tangled up. It is urgent that they name their new PM in short order. The resignation of Salih appears to be a strategic move, and I hope they have a swift plan to remedy their vacancies satisfactorily.
OKRocks: . One of Sadr's picks and one of the protestors picks... https://www.thenational.ae/world/mena/iraqi-pm-candidate-claims-backing-of-mps-clerics-and-the-people-1.956630
Jambie67: okrocks here is that candidate's wiki page: https://en.m.wikipedia.org/wiki/Faiq_Al_Sheikh_Ali
Jambie67: Looks like that candidate has been in and out of politics since 1991 (nearly 30 years), and has a grandparent from a region in Iran, although he claims to be a secular liberal and part of the People's Reform Party.