"Tidbits From TNT" Wednesday Morning 11-25-2020

TNT:

Tishwash:  Al-Ansari to "Al-Eqtisadiah News": The Economic Contact Group will accelerate the implementation of economic reforms

The economic expert, Aqeel Al-Ansari, said that the formation of the Economic Contact Group for Iraq will contribute to the implementation of economic reforms in Iraq.

He added in a statement to "Al-Iqtisad News" that "the group's role lies in helping the Iraqi government to draw a roadmap to get out of the economic predicament that it is experiencing, as a result of the outbreak of Corona virus and the low oil prices."

He added, "The importance of the group also relates to that it is a contact group and not a financial or economic alliance, meaning that they will not provide loans like the Kuwait Donors Conference.

"It is hoped that the group will monitor the progress of reforms, provide advice and expertise that is lacking in Iraq, and mobilize the international community to help it and bring it closer to international or legal accounting firms," ​​Al-Ansari said.

He pointed out that "the periodic meeting of the group, every three months, will push all the parties to implement what they have agreed upon and to progress according to the drawn road map."

He added that "the international community is represented in this group by the World Bank and the Monetary Fund, as well as the Group of Seven, which gives an indication that the international community is morally committed to helping Iraq out of this ordeal and build a better future   link

Tishwash:  Al-Darraji demands the central bank to adopt a real rate of the Iraqi dinar

MP Muhammad Sahib Al-Darraji called on the Central Bank to adopt the real price of the Iraqi dinar, away from the prices offered in the currency auction.

 Al-Darraji said in a tweet on his Twitter page, Tuesday, "The central bank must adopt a real price for the dinar, away from breaches of the window of selling the notorious currency."

He also called for "disclosing bills and documentary credits provided by banks in exchange for transferring hard currency abroad and checking its credibility."

 Al-Darraji stressed that the bank’s failure to do so is that it “is considered an accomplice in the crime and we will have to resort to legal methods to remedy this defect.”

The window of selling the currency in the central bank faces many criticisms, while leaks stated that a number of banks acquire the amounts that are being traded in the currency auction for the purpose of increasing their profits.  link

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Tishwash:  Kurdistan Finance Minister: 30% of the banking system has become electronic

The Minister of Finance and Economy of the Kurdistan Region, Awat Sheikh Janab, announced the transformation of 30% of the banking system in the region to the electronic system.

Sheikh Janab said, during his participation in the second day of the conference of the chambers of commerce of America and the Kurdistan Region, which was held under the title "The priorities of the economy of the Kurdistan Region after Corona", "We made the economic system electronic."

He added, "We have worked to remove obstacles to investment, and we pay great attention to the banking sector."

In turn, the head of the Investment Authority in the region, Muhammad Shukri, said, during his participation in the conference, that "the investment law includes good guarantees for investors."

He explained, "Domestic and foreign investments are equal before the law," stressing that "a foreign investor can transfer 100% of his profits abroad   link

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Tishwash:  Finance Minister: The Iraqi economy is going through unprecedented corruption

The Minister of Finance, Ali Allawi, confirmed, on Wednesday, that the Iraqi economy is going through unprecedented corruption, to the point that the employee’s seat at the border outlets is being sold between 50 and 100 thousand US dollars.

Allawi said in statements to the British Guardian newspaper, that the crises in Iraq will remain for a long time, and will continue until the price of a barrel of oil reaches $ 70, indicating that the price of oil will not rise, and solutions must be found, otherwise Iraq will be the fate of Venezuela.

Allawi added that the problems of Iraq are interconnected to the point that when a solution to one of the problems is to be found, an influential and beneficial personality emerges and impedes its achievement.

Pointing out that only 10 percent of the border crossings’ revenues, which amount to eight billion, enter the Iraqi treasury, due to corruption and influence.  link

Mot:  Things my mother taught me.

1. My mother taught me TO APPRECIATE A JOB WELL DONE. "If you're going to kill each other, do it outside. I just finished cleaning."

2. My mother taught me RELIGION. "You better pray that will come out of the carpet."

3. My mother taught me about TIME TRAVEL. "If you don't straighten up, I'm going to knock you into the middle of next week."

4. My mother taught me LOGIC. "Because I said so, that's why."

5. My mother taught me MORE LOGIC. "If you fall out of that swing and break your neck, you're not going to the shop with me."

6. My mother taught me FORESIGHT. "Make sure you wear clean underwear, in case you're in an accident."

7. My mother taught me IRONY. "Keep crying, and I'll give you something to cry about."

8. My mother taught me about the science of OSMOSIS. "Shut your mouth and eat your supper."

9. My mother taught me about CONTORTIONISM. "Will you look at that dirt on the back of your neck?"

10. My mother taught me about STAMINA. "You'll sit there until all that dinner is finished."

11. My mother taught me about WEATHER. "This room of yours looks as if a tornado went through it."

12. My mother taught me about HYPOCRISY. "If I told you once, I've told you a million times. Don't exaggerate!"

13. My mother taught me about the CIRCLE OF LIFE. "I brought you into this world, and I can take you out."

14. My mother taught me about BEHAVIOR MODIFICATION. "Stop acting like your father."

15. My mother taught me about ENVY. "There are millions of less fortunate children in this world who don't have wonderful parents like you do."

16. My mother taught me about ANTICIPATION. "Just wait until we get home."

17. My mother taught me about RECEIVING. "You are going to get it when you get home."

18. My mother taught me MEDICAL SCIENCE. "If you don't stop crossing your eyes, they are going to freeze that way."

19. My mother taught me ESP. "Put your sweater on; don't you think I know when you are cold?"

20. My mother taught me HUMOUR. "When that lawn mower cuts off your toes, don't come running to me."

21. My mother taught me HOW TO BECOME AN ADULT. "If you don't eat your vegetables, you'll never grow up."

22. My mother taught me GENETICS. "You're just like your father."

23. My mother taught me ROOTS. "Shut that door behind you. Do you think you were born in a barn?"

24. My mother taught me WISDOM. "When you get to be my age, you'll understand."

25. My mother taught me JUSTICE. "One day you'll have kids, and I hope they turn out just like you."

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Mot:  ~~ Yet Another Wonderful Dieting Tip!!! ~~ from Mot of course!!! ~~~