News Rumors and Opinions Monday Afternoon 9-26-2022
KTFA:
Samson: Governor: The Central Bank has played a major role in revitalizing the Iraqi economy over the past years
26th September, 2022
The Governor of the Central Bank, Mustafa Ghaleb Makheef, confirmed, on Monday, the aspiration of the banking sector in Iraq to increase cooperation with the banking sectors in other countries
And a statement from the Central Bank stated, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mekhif, received, on Monday, the Ambassador of the Czech Republic to Iraq, Peter Stepanek
Makheif stressed, according to the statement, "the strengthening of banking and economic relations between the two friendly countries
He stressed that "the Central Bank of Iraq played a major role during the past years in revitalizing the Iraqi economy," noting that "the banking sector in Iraq is looking forward to increasing cooperation with the banking sectors in other countries and exchanging experiences between them in a way that serves both sides LINK
Samson: Two suspects arrested for embezzling 417 million dinars at Basra University
26th September, 2022
The Investigations Department of the Integrity Commission confirmed, on Monday, that its staff were able to carry out two seizures of embezzlement and waste of public money with more than (400,000,000) million dinars in Basra Governorate
The authority said in a statement, that "the work team of the Basra Investigation Directorate, through investigations and audits, was able to monitor cases of fraud and embezzlement of public money in the College of Science at the University of Basra," noting that "the director of the audit department and the treasurer of the college were arrested for tampering with accounting receipts and embezzlement. An amount of (417,030,000) million dinars, and the seizure of (6) records of tampered accounting receipts
She explained that "the team that moved to Al-Zubair General Hospital revealed that the hospital had purchased a video endoscope in 2016 with its accessories, indicating that the device used to diagnose gastrointestinal diseases had not been entered into service so far, on the pretext that there was no specialist doctor available to work on it
The statement added, "This leads to the extinction of the device and the waste of public funds that were allocated to purchase it, as well as depriving the outpatients from benefiting from its services, which forced them to review private hospitals, and burden them with financial burdens LINK
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Samson: The Board of Supreme Audit: Corruption has transformed from an individual case to an integrated system in Iraq
26th September, 2022
The Office of Financial Supervision confirmed today, Monday, that it has completed the examination of the final accounts of the 2015 budget and is now busy examining the data of the final account for the year 2016, while noting that corruption has transformed from an individual case to an integrated system in Iraq
The Deputy Chief of the Bureau, Abdul Karim Faris, said, in a statement during a workshop within the work of the Al-Rafidain Forum and followed by it (Baghdad today), that "the Bureau has not received the final accounts after 2016 from the Ministry of Finance so far, and this is considered a defect
He explained that "the Bureau created the Investigation Department to investigate the cases entrusted to it by the House of Representatives within the context of the Court's law
And Fares said, "Corruption in Iraq has shifted from an individual case to an integrated system, and our task lies in stopping financial waste and ensuring the disbursement of funds in the designated legal aspects and combating corruption LINK
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Courtesy of Dinar Guru
Frank26 I'm looking forward to the government being announced...if we have a seated government, golly. Let's open up all the private banks around the world for the CBI...and then the dinar would just have to float. It hitches a ride with the dollar at 1 to 1 but then it de-pegs from it and it will determine if it wants to go in a basket at that time or not. I really don't know if they will but they probably will when they mature it to the $3+ range and that won't take long. Everybody wants to take this pretty girl out on a date...
Samson Article: "Parliamentary Finance: Reconsidering the dollar exchange rate is subject to political auctions" Quote: "Committee member Jamal Cougar told {Euphrates News} that "the issue of reconsidering the dollar exchange rate is not within the competence or powers of the Finance Committee, but it is related to the country's financial policy and therefore it is affiliated with the executive body and from the executive body, and it is an exclusive issue related to the Ministry of Finance and the Central Bank."
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