News, Rumors and Opinions Monday PM 7-5-2021
KTFA:
Samson: Parliamentary Integrity: International agreements are ineffective in recovering smuggled funds
5th July, 2021
The Integrity Committee of the House of Representatives confirmed, on Sunday, that international agreements are ineffective in recovering smuggled funds from the country, and while noting that some countries grant smugglers immunity, it confirmed that removing Iraq from the list of high-risk countries will open the door to international cooperation to recover funds.
Committee member Alia Nassif said, "There is a draft law prepared by the Presidency of the Republic entitled the Corruption Proceeds Recovery Law and it needs the international community's cooperation with Iraq after adopting and implementing it," according to "Conscious".
And she added, "Removing the name of Iraq from the list of high-risk countries will allow it to take legal measures, and open the door to international cooperation to recover funds and stop smuggling operations from Iraq. The matter also depends on bilateral agreements with countries where smuggled Iraqi funds are located." And she stressed that "some countries consider Iraq's money as spoils and give the smugglers immunity and do not report the money smuggled to it," noting that "Iraq is bound by the United Nations Convention against Corruption, but it is ineffective."
And last Wednesday, Prime Minister Mustafa Al-Kazemi, during his visit to Brussels, called on the European Union to form a coordination committee to remove the name of Iraq from the high-risk countries that would support the government’s efforts to fight corruption and recover and prosecute smuggled funds in European countries. LINK
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Samson: Amid darkness and a blazing summer.. Parliament sessions until further notice
5th July, 2021
Between power outages and non-potable water, Iraqis are living the worst days of their lives with rising temperatures, amid questions about Parliament's role in these crises, and who is behind targeting energy towers, and what is their relationship to attempts to postpone the elections.
Without water or electricity, most of Iraq’s governorates live under the weight of a blazing summer. It seems that it did not sting the highest supervisory authority with its heat.. The House of Representatives did not move anything except that it rose shyly and demanded a session to discuss the bad situation, and worse than that, the demands of the demands were limited to dozens of deputies only from out of three hundred and twenty-eight deputies.
The targeting of energy towers coincides with the start of the countdown to the election date, which observers see is not a passing coincidence, but rather there are those who make a living on fabricating crises and poaching them in any way to create chaos in the street, in order to achieve what they hope for in the elections file, which is the postponement.
The energy crisis in Iraq is not born of the moment despite the billions spent, but the timing in conjunction with the approach of the election date increased insult to injury on the political class.
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Samson: Parliamentary Finance reveals the allocation of 5% of the oil surplus to the Petrodollar Fund
5th July, 2021
The Parliamentary Finance Committee revealed, on Monday, the allocation of 5% of the surplus oil prices specified in the budget law to the petrodollar project.
Committee member Sadiq Madloul told Shafaq News Agency, "The price of oil calculated in the general budget law is 45 dollars per barrel, but now the price of a barrel has reached 70 dollars, so 5% of the price difference has been allocated to the Petrodollar Fund project."
He added that "the petrodollar fund is dedicated to the oil-producing governorates, and the remaining differences from the price specified in the budget law go to paying the financial deficit for the 2021 budget and the first and second borrowing for the year 2020".
And he indicated, "The availability of financial liquidity will make us go to the supplementary budget to complete the dues allocated to the ministries and governorates according to the fiscal year." LINK
Courtesy of Dinar Guru
Pimpy Kuwait takes $3.67 dollars to equal 1 Kuwait dinar. Dubai takes $1 dollar to equal 3.67 AE dinar...Iraq takes .0006 dollars to equal 1 Iraqi dinar. See something wrong here? 'One of these does not belong like the others'. Some of you as old as I am knows where that song comes from... [Iraq] has more oil. They are a richer nation. There's no reason for this [low rate] to be here at all...It's a legitimate currency. We all know this...Will it go up in value? Yes. Whether it's an RI or RV just pay attention to what's going on with the economy...shows you eventually the dinar is going to get back up here in value. Will it do it all at once? Who knows. Will it eventually get there? Yes, a lot sooner than people think!
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Iraqi Dinar update for 07/04/21 - looking real good
Pimpy’s Investment Chat : Jul 5, 2021