7 Facts You Didn’t Know About Pearl Harbor

7 Facts You Didn’t Know About Pearl Harbor

Seventy-seven years ago today, America was changed forever.

By Landess Kearns

Sure, we all know the date and the famous quote (Dec. 7, 1941, “a date which will live in infamy“) and, of course, the implications and significance (more than 2,000 Americans were killed in the attack, which launched the U.S. into World War II).

​ 1. Most of the battleships sunk that day were resurrected.

Of the eight battleships targeted during the attacks, all but two were eventually repaired and returned to the U.S. Navy’s fleet. The USS West Virginia and the USS California had both sunk completely, but the Navy raised them, repaired them and reused them. 

Furthermore, bullet holes and damage from the attacks can be seen to this day at many of the active military installations on Oahu, including Schofield Barracks, Wheeler Army Airfield and Hickam Army Air Field. Rather than being repaired or covered up, the bullet holes serve as a reminder of the lives lost that day and as motivation for our military to stand strong still.

The USS West Virginia gets towed to drydock to start repairs in 1942.

2. Veterans of the attack can be laid to rest at Pearl Harbor.

Survivors of the attack have the option to join their lost comrades and make Pearl Harbor their final resting place. Crew members who served on board the USS Arizona during the attack — the ship that experienced the most devastating damage — may choose to have their ashes deposited by divers beneath one of the sunken Arizona’s gun turrets.

Roughly 30 Arizona survivors have chosen this option and less than a dozen of the 355 survivors are still living. Other military survivors can choose to have their ashes scattered wherever their ship was located during the attacks.

The Pearl Harbor Honor Guard presents arms at the burial at sea for Chief Yeoman Guy Pierce, who was aboard the USS Utah during the Pearl Harbor attack, Dec. 6, 2003.

​3. The USS Arizona still leaks fuel.

The day before the attacks, the USS Arizona took on a full load of fuel, nearly 1.5 million gallons. Much of that fuel helped ignite the explosion and subsequent fires that destroyed the ship, but — amazingly — some fuel continues to seep out of the wreckage.

According to the History Channel, the Arizona “continues to spill up to 9 quarts of oil into the harbor each day“ and visitors often say it is as if the ship were still bleeding.

​4. Service members stationed in Hawaii took care of the memorial during the 2013 government shutdown.

To continue reading, please go to the original article here:

https://www.huffpost.com/entry/pearl-harbor-anniversary-facts_n_5661ce33e4b079b2818e67b0#

Iraqi News Highlights Wednesday Afternoon 12-7-22

Iraqi News Highlights Wednesday Afternoon 12-7-22

Tlm724 Administrator Bondlady’s Corner

Local Money Changers Stop Selling And Buying Dollars In Iraq

Economie| 01:04 - 07/12/2022   Baghdad - Mawazine News   A source said, today, Wednesday, that the buying and selling of the dollar in the Iraqi local money exchanges has stopped.

The source told Mawazine News, "The local money changers have stopped buying and selling the dollar, due to the instability of the dollar's exchange rates on the Iraqi Stock Exchange."

It is noteworthy that the selling prices of the dollar were recorded yesterday, 149,600 dinars per 100 dollars, while the buying prices of the dollar were recorded at 149,500 dinars per 100 dollars.

Today, the selling prices of the dollar were recorded at 150,400 dinars per 100 dollars, while the buying prices of the dollar were recorded at 150,250 dinars per 100 dollars. Ended 29 / m99

https://www.mawazin.net/Details.aspx?jimare=213455

A New Rise In Dollar Exchange Rates

Economie| 12:35 - 07/12/2022   Baghdad - Mawazine News

Today, Wednesday, the exchange rates of the dollar witnessed an increase in the local stock exchange.

And the selling prices of the dollar were recorded at 150,400 dinars per 100 dollars, while the buying prices of the dollar were recorded at 150,250 dinars per 100 dollars. Ended 29 / M99

https://www.mawazin.net/Details.aspx?jimare=213454

Economist: The Government Should Control The Exchange Rate Of The Hard Currency. The Poor Are The Victims

Wednesday 07 December 2022 09:17 | Economical Number of readings: 300   Baghdad / NINA / - The expert in economic affairs, Malath Al-Amin, stressed the importance of the concerned and governmental authorities controlling the exchange rate of the hard currency, stressing that the rise of the US dollar will negatively affect the poor classes of Iraqi society.

Al-Amin said in a statement to the Iraqi National News Agency ( NINA ) that the Iraqi market depends mainly on imported commodities after the deterioration of the productive sector - agricultural and industrial - so that Iraq has become a popular market for foreign commodities.

Indeed, the countries of East Asia and Turkey have established factories that export their production to Iraq in particular, and they have also determined the expansion of their exports. Iraq as an important main source for the development of its economy.

He added, "Political factors play an important role in making Iraq a consumer and non-productive country, as it eats what is grown and produced in other countries, which exposes the Iraqi economy to major imbalances in the event of any major event occurring in the exporting countries, or exposing shipping lanes to security risks, which requires Officials should direct attention to restoring Iraq to its former state by relying on what it produces in large quantities and rationing imports.

He pointed out, "The increase in import means an increase in the quantities of hard currency leaving the country, which increases the amount of demand for it, which leads to a rise in its price and thus a rise in the prices of imported materials, or what is called a rise in the market."

And he stated, "The source of hard currency in Iraq is oil exports. The greater the amount of oil export, the greater the amount of hard money entering Iraq, which leads to an increase in the value of the Iraqi dinar against the dollar and cheap prices... However, this matter will not last long, given the control of traders in the market with the intent to obtain On more profits, they are not interested in the poor who may not be able to get their daily bread.

He continued, "The government should take measures to protect the poor class by controlling the exchange rate of the hard currency or by finding a financial mechanism to support the poor classes by supporting the social protection network, and the rise in the value of the Iraqi currency against foreign currencies has a great impact on the poor class, which will benefit." From the decrease in the price of imported materials, including basic foodstuffs. https://ninanews.com/Website/News/Details?key=1018698

The Central Bank And The International Monetary Fund Are Discussing Bilateral Cooperation

Money and business   Economy News-Baghdad   Today, Wednesday, the Central Bank of Iraq discussed with the International Monetary Fund mission aspects of bilateral cooperation and its development.

And the media office of the Central Bank stated in a statement, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, received the Minister of Finance, Taif Sami, and the International Monetary Fund mission that is currently visiting the capital, Baghdad."

He added, "During the meeting, the main policy challenges and aspects of bilateral cooperation were discussed and developed in a way that serves the banking and economic sector in Iraq, as well as enhancing financial stability."

It is noteworthy that the Central Bank of Iraq will host on Wednesday and Thursday the meetings of the International Monetary Fund mission in the capital, Baghdad, with the participation of the Ministry of Finance and representatives of the Ministries of Planning, Electricity, Labor, Water Resources and the Environment.   Views 109   Added 12/07/2022 - 1:18 PM   Updated 12/07/2022 - 5:09 PM

https://economy-news.net/content.php?id=31210

Al-Sudani: The government seeks to restore citizens' confidence in the administrative and executive apparatus at all levels

Political | 04:19 - 07/12/2022    Al-Sudani: The government seeks to restore citizens' confidence in the administrative and executive apparatus at all levels    https://www.mawazin.net/Details.aspx?jimare=213484

Finance: Our Plans Aim For A Structural Reform Program In The Financial And Economic Aspects

Money and business   Economy News – Baghdad   The Ministry of Finance announced, on Wednesday, that its plans aim for a structural reform program in the financial and economic aspects.

The ministry's media office said in a statement, "The Minister of Finance, Taif Sami Muhammad, received, today, at the ministry's headquarters, the International Monetary Fund mission team headed by Tukhir Mirzouf and his accompanying delegation, in the presence of the ministry's advisor and director general of the Public Debt Department."

He added, "The minister discussed strengthening areas of joint cooperation with the IMF, which comes as a continuation of a series of bilateral meetings within the framework of benefiting from modern technical programs and capabilities in the financial and economic sectors, supporting sustainable strategic projects, and discussing the strategies and expectations of the Iraqi economy and support programs between the two sides."

And she emphasized that "the procedures and steps that the ministry is working to implement through the approved governmental curriculum, identifying the priorities necessary for the stability of the Iraqi economy and measures to confront current challenges," explaining that "the ministry's plans towards the structural reform program in the financial and economic aspect, and mechanisms to stimulate the vital productive sectors in addition to providing requirements Support the private sector and expand the coverage of the social safety net.

For his part, the head of the mission affirmed "the fund's readiness to support Iraq to implement financial and economic reforms and confront the effects of global crises," praising "the performance of the Iraqi economy in light of the positive indicators that have been achieved despite the regional and international conditions and challenges." Views 19   Added 12/07/2022 - 4:46 PM   Updated 12/07/2022 - 5:07 PM

https://economy-news.net/content.php?id=31213

The Iraqi Parliament Enters Its Legislative Recess Tomorrow

Political | 02:16 - 07/12/2022  Baghdad - Mawazine News, a member of the House of Representatives for the Kurdistan Democratic Party bloc, Majid Shingali, confirmed today, Wednesday, that the House of Representatives will go into its legislative recess tomorrow, Thursday, while ruling out extending the legislative term again.

"The House of Representatives will enter its legislative recess tomorrow, Thursday, December 8," said Shinjali, to the official news agency, followed by Mawazine News, noting that "the parliament extended its legislative term on the 8th of last month for a month, so tomorrow will be a legislative holiday according to House of Representatives Rules of Procedure.

He added, "The House of Representatives was waiting for the budget to arrive in order to proceed with holding its sessions until they are completed, but for not arriving from the government, it will enter its legislative recess."

He stressed, "The legislative recess cannot be canceled because it is within the rules of procedure of the House of Representatives, which stipulated that the legislative recess be for a period of two months, but it was reduced to one month only."   https://www.mawazin.net/Details.aspx?jimare=213463

Al-Mandalawi Meets With The Head Of The Integrity Commission And Confirms: The Danger Of The Corrupt Is Now Threatening All The Joints And Institutions Of The State

Wednesday 07 December 2022 15:30 | political Number of readings: 122  Baghdad / NINA / - First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, affirmed the House of Representatives' support for the courageous decisions in all oversight institutions to deter the corrupt, while indicating that the danger of the corrupt threatens all the joints and institutions of the state.

The media office of the first deputy stated in a statement that "Al-Mandalawi met with the head of the Federal Integrity Commission, Haider Hanoun," noting that "a number of issues were discussed, including following up the issue of theft of the century, stressing the need to enhance citizen confidence in oversight institutions, stop the waste of public funds, and tighten penalties." Corruptors, and coordination with the House of Representatives in a way that contributes to combating corruption and preserving public money.

Al-Mandalawi stressed that "the danger of the corrupt is now threatening all the joints and institutions of the state," noting that "the House of Representatives strongly supports the courageous decisions issued by all institutions and oversight bodies to deter the corrupt, in order to preserve public money, bring about real sustainable development and provide services to the people."

He called for "investing sincere and patriotic energies in the Integrity Commission to confront the corrupt, adopting transparency in managing important files, and involving citizens in this battle, in order to develop a societal and administrative culture that values ​​integrity and integrity."

https://ninanews.com/Website/News/Details?Key=1018825

To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/

Wednesday Morning Iraq Economic News Highlights 12-7-22

Wednesday Morning Iraq Economic News Highlights 12-7-22

The Dollar Is Close To 151 Thousand Dinars On The Baghdad Stock Exchange

2022-12-07 04:49   Shafaq News/ The exchange rates of the US dollar against the Iraqi dinar continued to rise today, Wednesday, in the main stock exchange in the capital, Baghdad, to approach 151,000 dinars.

Shafaq News agency reporter said that the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded, at 1:40 pm, 150,750 Iraqi dinars for 100 US dollars.

While the prices this morning at the opening were 150,200 Iraqi dinars for 100 US dollars.

Our correspondent indicated that the buying and selling prices increased in the exchange shops in the local markets in Baghdad, where the selling price reached 151,000 Iraqi dinars for every 100 US dollars, while the buying prices reached 150,000 Iraqi dinars for every 100 US dollars.   LINK

Parliamentary Finance: The Budget Will Reach Parliament Early Next Year

political| 10:42 - 07/12/2022   Baghdad - Mawazine News  The Finance Committee in the House of Representatives set, on Wednesday, the date for the arrival of the draft federal budget law to Parliament, while explaining the reasons for the delay in completing its project so far with the government.

Committee member Mueen Al-Kadhimi said, "The draft budget will reach Parliament early next year, as it has not yet been completed by the Ministries of Finance and Planning due to the high claims that have arrived from ministries and provinces, amounting to 222 trillion dinars, and need to be reviewed and amended."

Al-Kazemi added, "The House of Representatives will start its legislative recess on the 8th of this month, and when the bill reaches the House of Representatives, the House will take two months or more to study, discuss and vote on it," according to the official news agency. Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=213446

Parliamentary Finance: The Draft Budget Will Reach The House Of Representatives Early Next Year

Money and business   Economy News-Baghdad   The Finance Committee in the House of Representatives set, today, Wednesday, the date for the arrival of the draft federal budget law to Parliament, while explaining the reasons for the delay in completing its draft so far with the government.

A member of the committee, Mueen Al-Kadhimi, told the Iraqi News Agency (INA), that "the draft budget will reach the House of Representatives early next year, as it has not yet been completed with the Ministries of Finance and Planning due to the high claims that have arrived from the ministries and provinces, amounting to 222 trillion dinars, and needing review and modification.

Al-Kazemi added, "The House of Representatives will start its legislative recess on the 8th of this month, and when the draft law reaches the House of Representatives, the House will take two months or more to study, discuss and vote on it." Views 116   Added 12/07/2022 - 11:35 AM   Updated 12/07/2022 - 2:45 PM

https://economy-news.net/content.php?id=31208

A New Rise In Dollar Exchange Rates

Economie| 12:35 - 07/12/2022   Baghdad - Mawazine News   Today, Wednesday, the exchange rates of the dollar witnessed an increase in the local stock exchange.

And the selling prices of the dollar were recorded at 150,400 dinars per 100 dollars, while the buying prices of the dollar were recorded at 150,250 dinars per 100 dollars. Ended 29 / M99

https://www.mawazin.net/Details.aspx?jimare=213454

Oil and gas law is subject to agreement between the region and the center

The oil and gas law is one of the most prominent laws that would reach solutions to it, between Baghdad and Erbil, especially after the recent moves that preceded and followed the formation of a government and the exchange of visits between the two sides.

In light of tangible political openness and cooperation to resolve outstanding issues betweenBaghdadAnd Erbil, there have been common understandings that cover a long period of disputes. The Iraqi arena has recently witnessed political movements between the region and the federal government in order to resolve the file of the oil and gas law, which is one of the most prominent laws that would contribute to solving many problems related to the energy sector between Erbil and Erbil. Baghdad.

The Oil and Gas Law, which stipulates that the responsibility for managing the oil fields in the country must be entrusted to a national oil company that is supervised by a federal council specialized in this matter.BaghdadIt is responsible for the oil in the region, which Erbil rejects and considers it a measure that violates the constitution. And while the Parliamentary Legal Committee ruled out passing the law at the present time without political consensus, an advisor revealed  Kurdistan Regional Government  Energy Affairs announced the formation of several delegations to visit Baghdad In order to negotiate and agree on the wording of the law before presenting it to Parliament for its passage.

The absence of an oil and gas law is one of the most prominent problems facing the oil and gas sector after the year 2003. Three drafts of the bill were sent to Parliament 2007 ago, but differences between the political parties prevented it from being passed.KurdistanTo issue his own oil and gas law, which in turn the Federal Court issued a decision to annul it.   LINK

Regarding Oil And Gas.. Alekti Reveals An "Ideal Solution" To End The Dispute Between Baghdad And Erbil

Sumerian special   2022-12-07 | 03:49   1,326 views   He added, "The Kurdish people are concerned and fearful of managing oil in the region, but foreign oil companies have studies and the ability to produce oil."

Article 111 of the Iraqi constitution defines that: Oil and gas are the property of all the Iraqi people in all regions and governorates.

As defined in Article 112 First: The federal government shall manage the oil and gas extracted from the existing fields with the governments of the producing regions and governorates, provided that its revenues are distributed in an equitable manner commensurate with the population distribution throughout the country, while specifying a share for a specific period for the affected regions, which have been deprived of them in a manner unfairly committed by the previous regime, and which were subsequently damaged, in a way that ensures balanced development for the different regions of the country, and this shall be regulated by law.

Second: The federal government and the governments of the producing regions and governorates shall jointly draw up the necessary strategic policies for the development of oil and gas wealth, in a way that achieves the highest benefit for the Iraqi people, adopting the latest techniques of market principles and investment encouragement.   LINK

Parliamentary Finance Sets The Date For The Arrival Of The Draft Budget Law To The House Of Representatives

Economie   10:41 - 2022-12-07   The Finance Committee in the House of Representatives set, today, Wednesday, the date for the arrival of the draft federal budget law to Parliament, while explaining the reasons for the delay in completing its draft so far with the government.

A member of the committee, Mueen Al-Kazemi, said, "The draft budget will reach Parliament early next year, as it has not yet been completed with the Ministries of Finance and Planning due to the high claims that have arrived from ministries and provinces, amounting to 222 trillion dinars, and need to be reviewed and amended."

Al-Kazemi added, "The House of Representatives will start its legislative recess on the 8th of this month, and when the draft law reaches the House of Representatives, the House will take two months or more to study, discuss and vote on it."   https://kirkuktv.net/AR/Details/11332

Oil Prices Fall To Their Lowest Level In 11 Months

Economie| 10:49 - 06/12/2022  Baghdad - Mawazine News   International oil prices fell to their lowest levels since January, during trading today, Tuesday, to continue their downward trend, as growing concerns about global demand offset any upward effects as a result of the Western "price ceiling" plan.

Brent crude futures fell $3.67, or 4.44%, to $79.01 a barrel, the lowest level since January 10, and West Texas Intermediate crude fell $3.26, or 4.24%, to $73.67.

China's service sector activity hit a six-month low, and European economies slowed due to rising energy costs and higher interest rates, which is worrying investors about levels.

Crude oil futures on Monday posted their biggest daily decline in two weeks, after US services industry data indicated a strength in the US economy and led expectations of higher-than-expected interest rates recently.

The US dollar index fell on Tuesday, but was still supported by bets on rising interest rates, after the largest rise in two weeks on Monday. The rise in the dollar makes oil denominated in the US currency more expensive for buyers who hold other currencies, which reduces demand. Ended 29/h

https://www.mawazin.net/Details.aspx?jimare=213426

Brent At Less Than $ 70 A Barrel

Energy   Economy News-Baghdad   Oil prices fell at the close of trading on Tuesday amid fears of an economic recession that left investors in a state of uncertainty.

Upon settlement, Brent crude futures fell by $3.33, or 4%, to $79.35 a barrel, to close below $80 a barrel for the second time this year.

US West Texas Intermediate crude futures fell by $2.68, or .53%, to $74.52 a barrel.

The drop in prices by more than 1% over 3 consecutive sessions caused oil prices to give up most of the gains they achieved during 2022.    Views 115   Added 12/07/2022 - 9:26 AM  Updated 12/07/2022 - 2:14 PM    https://economy-news.net/content.php?id=31205

"Tidbits From TNT" Wednesday Morning 12-7-2022

TNT:

Tishwash:  Local money changers stop buying and selling the dollar in Iraq

A source said, today, Wednesday, that the sale and purchase of the dollar in the Iraqi local money exchanges has stopped.

The source told (Iraqi Media News Agency / INA) that "the local money changers have stopped buying and selling the dollar, due to the instability of the dollar's exchange rates on the Iraqi stock market."

It is noteworthy that the selling prices of the dollar were recorded yesterday, 149,600 dinars per 100 dollars, while the buying prices of the dollar were recorded at 149,500 dinars per 100 dollars.

Today, the selling prices of the dollar were recorded at 150,400 dinars per 100 dollars, while the buying prices of the dollar were recorded at 150,250 dinars per 100 dollars.  link

TP40:  how are we looking on the changes in the rate.. do you think there will be a change later this week or early next week as Tony mentioned?

Yada:  Tp40, the article on Monday stated end of this week.

Pearle:  Am I the only one that thinks purchasing currency, delays the RV

Yada:  The sellers of the currency sit and what what the governments do so they just provide a service. And after the RI of the dinar, they will continue to sell but at higher rates and I would imagine their sales will decrease.

************

Tishwash:  The Central Bank and the International Monetary Fund are discussing bilateral cooperation

Today, Wednesday, the Central Bank of Iraq discussed with the International Monetary Fund mission aspects of bilateral cooperation and its development.

The media office of the Central Bank stated, in a statement received by the Iraqi News Agency (INA), that "the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, received the Minister of Finance, Taif Sami, and the International Monetary Fund mission that is currently visiting the capital, Baghdad."

He added, "During the meeting, the main policy challenges and aspects of bilateral cooperation were discussed and developed in a way that serves the banking and economic sector in Iraq, as well as enhancing financial stability."

It is noteworthy that the Central Bank of Iraq will host on Wednesday and Thursday the meetings of the International Monetary Fund mission in the capital, Baghdad, with the participation of the Ministry of Finance and representatives of the Ministries of Planning, Electricity, Labor, Water Resources and the Environment  link

************

Tishwash:  Economist: The government should control the exchange rate of the hard currency. The poor are the victims

The expert in economic affairs, Malath Al-Amin, stressed the importance of the concerned and governmental authorities controlling the exchange rate of the hard currency, stressing that the rise of the US dollar will negatively affect the poor classes of Iraqi society.

Al-Amin said in a statement to the Iraqi National News Agency ( NINA ) that the Iraqi market depends mainly on imported goods after the deterioration of the productive sector - agricultural and industrial - so that Iraq has become a popular market for foreign goods. Indeed, the countries of East Asia and Turkey have established factories that export their production to Iraq in particular, and they have also determined the expansion of their exports. Iraq as an important main source for the development of its economy.

He added, "Political factors play an important role in making Iraq a consumer and non-productive country, as it eats what is grown and produced in other countries, which exposes the Iraqi economy to major imbalances in the event of any major event occurring in the exporting countries, or exposing shipping lanes to security risks, which requires Officials should direct attention to restoring Iraq to its former state by relying on what it produces in large quantities and rationing imports.

He pointed out, "The increase in import means an increase in the quantities of hard currency leaving the country, which increases the amount of demand for it, which leads to an increase in its price and thus a rise in the prices of imported materials, or what is called a rise in the market."

And between "the source of hard currency in Iraq is oil exports. The greater the amount of oil exports, the greater the amount of hard money entering Iraq, which leads to an increase in the value of the Iraqi dinar against the dollar and cheap prices ... However, this matter will not last long, given the control of traders in the market with the intent to obtain On more profits, they are not interested in the poor who may not be able to get their daily bread.

He continued, "The government should take measures to protect the poor class by controlling the exchange rate of the hard currency or by finding a financial mechanism to support the poor classes by supporting the social protection network, and the rise in the value of the Iraqi currency against foreign currencies has a great impact on the poor class, which will benefit." From the decrease in the price of imported materials, including basic foodstuffs  link

Mot: Putting Your Job into Perspective fer Sure! ~~~~

Mot:  So embarrassing for the park service to install this sign backwards b

Iraqi News Highlights Tuesday Evening 12-6-22

Iraqi News Highlights Tuesday Evening 12-6-22

Tlm724 Administrator Bondlady’s Corner

To 96 Trillion.. The Association Of Banks Announces A “Rise” In Deposits In The Private Banking Sector

December 5, 2022 8:06 PM    Baghdad / The National News Center, the regional director of the Association of Iraqi Private Banks, Muhammad Handal, announced today, Monday, that deposits in the private banking sector have risen to 96 trillion dinars, while credit, cash and pledge loans amounted to 80 trillion.

Handal said, in a speech during his participation in the Banking Development Conference in Erbil and followed by the / National News Center / that “there are those who compare the external banking sector with the Iraqi sector, but is the work environment in Iraq in general, like the work environment abroad?”

He added, "There are 15 million bank cards in Iraq, of all kinds, in addition to more than 1,600 sales centers and more than 15,000 exchange devices," noting that "the number of electronic wallets amounted to more than 2 million wallets, which helped expand financial inclusion in the country by 33%.

And he explained that “the Central Bank took the initiative during the past years to build a strong, sound and stable system, which has a very big role in achieving financial and economic stability, in addition to the methodology adopted by the Central Bank of Iraq, and applied by banks and electronic defense companies, which resulted in work under a legislative, regulatory and legal umbrella.” sound.”

He pointed out that “the capital of private banks amounted to 17.8 trillion dinars, and assets amounted to 159 trillion, and deposits witnessed a very large growth rate due to the central bank’s policy, to reach 96 trillion dinars, while credit, cash and pledge loans amounted to 80 trillion,” calling for “a 10% deposit.” From oil revenues in private banks to develop the private banking sector. https://nnciraq.com/170021/

“Fighting Corruption And Preserving Money” Is On The Table Of The President Of The Republic And The First Deputy Of Parliament

Tuesday, December 6, 2022 4:12 PM  Baghdad / The National News Center, President of the Republic, Abdul Latif Jamal Rashid, and First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, affirmed today, Tuesday, the government's support in implementing its ministerial platform.

The media office of the First Deputy Speaker of the House of Representatives stated in a statement received by the National News Center/ that “Al-Mandalawi met Rashid today, to discuss the overall security, economic and political situation in the country, and during the meeting, emphasis was placed on supporting the government in implementing its ministerial platform and monitoring its performance, to enhance anti-corruption steps.” and measures to save public money.

He added, "The meeting witnessed an emphasis on the enactment of important laws, especially the general budget law, laws with a service dimension, investment and revitalization of the private sector, and a call for concerted efforts and continued coordination between the presidencies to provide the maximum possible service to citizens."    https://nnciraq.com/170251/

The Funds Of The Food Security Law Will Be Part Of The Budget For Next Year

Mazhar Muhammad Salih to / NINA /:  Tuesday 06 December 2022 10:55 | Genera lNumber of readings: 325   Baghdad / NINA / - The financial expert, Mazhar Muhammad Salih, confirmed: The funds of the Food Security Law will be part of the next year's budget.

He told the National Iraqi News Agency / NINA /: that once the federal general budget law is issued for the next year, the financial agencies will work unifiedly in accordance with the principles of the effective financial management law, which requires the unity of the general budget in spending and revenue.

Saleh added: The articles of the general budget law for the next year should absorb the remnants of the financial obligations stipulated in the Emergency Law for Food Security and Development No. 2 of 2022, so that this law and the obligations contained therein become an integral part of the next federal general budget law.

He explained: It is not permissible to spend under any pretext outside the General Budget Law in one fiscal year in which the law enacts that based on the provisions of Article 51 of the amended Financial Management Law No. 6 of 2019, which stipulates adherence to the principles of the budget in terms of budget unity, comprehensiveness and annuality, unless otherwise stipulated in the The same budget law regarding the mechanism for dealing with the remnants of unspent allocated allocations in the aforementioned Emergency Law for Food Security and Development No. 2 of 2022 and considers it an exceptional case.

Such a matter leaves its appreciation to the executive authority when preparing the texts of the draft federal budget law for the next year. / https://ninanews.com/Website/News/Details?Key=1018465

High Dollar Exchange Rates In The Local Markets

Economie| 10:07 - 06/12/2022   Baghdad - Mawazine News  Today, Tuesday, the exchange rates of the dollar witnessed a new rise in the local stock exchange.

The selling price of the dollar was 149,600 dinars per 100 dollars, while the buying price of the dollar was 149,500 dinars per 100 dollars.

And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the price of buying a dollar from the Ministry of Finance reached 1450 dinars, while the price of selling it to banks was set at (1460) dinars per dollar, while the selling price to the citizen is (1470). dinars for every dollar. Ended 29/M99  https://www.mawazin.net/Details.aspx?jimare=213355

High Oil Prices

Economie| 08:36 - 06/12/2022    Follow-up - Mawazine News Oil prices rose on Tuesday, after the Group of Seven entered into force a maximum price of Russian seaborne oil into effect on Monday at the summit of the European Union's ban on Russian crude imports by sea.

Brent crude futures rose 48 cents to $83.16 a barrel by 04:27 GMT. West Texas Intermediate crude rose 50 cents to $77.43 a barrel.

Futures fell more than 3% in the previous session, after US service sector data raised concerns that the Federal Reserve may continue its monetary tightening path.

The G7 price cap comes as the West tries to restrict Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it is forced to cut production.

The G7 countries and Australia last week agreed to a cap of $60 a barrel for Russian oil carried by sea.

Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, called the OPEC+ community, agreed on Sunday to stick to their October plan to cut output by 2 million barrels per day starting in November.

In China, more cities eased COVID restrictions over the weekend, fueling optimism about increased demand in the world's largest oil importer. https://www.mawazin.net/Details.aspx?jimare=213350

Iraq Reaps 107 Billion Dollars From Oil Revenues During The Current Year

Economie| 10:55 - 06/12/2022  Baghdad - Mawazine News Iraqi oil revenues from crude oil that was exported during the 11 months of the current year 2022 amounted to about $107 billion.

According to the statistics of the "SOMO" company, "the revenues of the Iraqi oil source during the first 11 months of the current year 2022 amounted to 107 billion and 877 million and 786 thousand and 336 dollars, at a monthly rate of 9 billion and 807 million and 71 million and 485 dollars."

And she added, "These revenues increased from last year 2021 by 57 percent, as the financial revenues amounted to 68 billion, 258 million, 861 thousand, and 485 dollars, at a rate of 6 billion, 205 million, 351 thousand, and 44 dollars."

The company's statistics also indicated that "the month of May of the current year 2022 witnessed the highest financial revenue from oil sales, reaching 11 billion 477 million 514 thousand and 4 dollars, while the month of January was the lowest month in terms of revenues, amounting to 8 billion 322 million 679 thousand." And 526 dollars.

Iraq relies 96 percent on oil revenues in its general budget, and the previous government was subjected to great pressures with its inability to pay employee salaries and other operating expenses as a result of the drop in oil prices below $30 a barrel at the beginning of the year 2020 with the spread of Covid-19 disease before it returned. Prices to rise again. https://www.mawazin.net/Details.aspx?jimare=213357

Al-Halbousi And The US Ambassador Discuss Strengthening The Partnership Between Baghdad And Washington

Political | 01:35 - 06/12/2022   Baghdad - Mawazine News, Parliament Speaker Muhammad al-Halbousi received, on Tuesday, the US Ambassador to Iraq, Alina Romanowski.

The meeting discussed "Iraqi-American relations, ways to develop them, and strengthen the existing partnership between the two countries in various fields."

The meeting also discussed, according to a statement by Al-Halbousi's office, "the general situation in the country, and a number of issues of common interest." https://www.mawazin.net/Details.aspx?jimare=213372

To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/

Iraqi News Tuesday Afternoon 12-6-22

Iraqi News Tuesday Afternoon 12-6-22

Tlm724 Administrator Bondlady’s Corner

China is trying to remove America from the Iraqi economy

Reports   Economy News – Baghdad   It seems that the competition between the United States and China over the Middle East in the commercial fields will have a negative impact on these countries, including Iraq, whose trade relations with China expanded to exceed $40 billion in 2021. Chinese companies are present in Iraq with large investments in the oil, electricity, construction and entertainment sectors in the country. Various Iraqi cities, where the spread of Chinese labor is remarkable in cities such as Baghdad, Basra and Erbil.

Perhaps the increase in these investments and the justifications for protecting Chinese interests raised American fears of establishing Chinese bases in the Middle East, including Iraq, which raised the alarm in the US Department of Defense of the consequences of this step. The Pentagon issued a report warning the countries of the region, especially Iraq, against dealing with the Chinese government on a large scale, and at the same time warned the Chinese government against provoking the United States in the Middle East.

The report indicated that China escalated its dealings with the countries of the Middle East, especially Iraq, during the past year 2021, which continued, this year, and that Beijing seeks to expand its base of influence through economic relations that ultimately aims to create Chinese military headquarters within the regions of the Middle East in general,

And Iraq in particular, and the report warns "countries of the region, especially Iraq" against continuing to deal with the Chinese government, announcing that President Joe Biden's administration does not call on those countries to sever their diplomatic relations with China, according to what US Undersecretary of Defense for Political Affairs Colin Kahl explained during a statement to NET Middle East Monitor.

The US official confirmed that President Biden's administration is closely monitoring the dealings of countries in the region, especially Iraq, with China, explaining that China's intentions in the region target American interests, and this is what we cannot allow to happen, he said. He warned both Iraq and the countries of the region against "harming US interests by dealing on a large scale with China."

Nabil Al-Marsoumi, professor of economics at the University of Basra, said that there are American fears of increasing Chinese influence in Iraq after increasing the volume of trade exchange with Iraq to $40 billion.

Al-Marsoumi said, "There is a trade war between China and the United States from the time of Donald Trump to today, because the United States has imposed customs duties on a large number of Chinese goods to protect American goods for fear of Chinese goods invading American markets."

He added that Iraq is one of the most important economic countries in the Middle East, and it is a focus of attention by China because it is the region in which American influence can be undermined, indicating that Iraq is one of the promising countries in energy production, and therefore China has entered strongly in this field by operating oil fields.

An Iraqi oil giant, West Qurna, Halfawiya, Al-Ahdab and Nissan, and the conclusion of other contracts such as the Hoveyza and Mansouriya gas fields and the strategic Al-Faw refinery.

Al-Marsoumi explained that China does not only invest in the oil sector, but also in the gas sector through secondary contracting, so there is a large presence of China in Iraq, indicating that expectations estimate the volume of trade exchange between Iraq and China to reach 40 billion dollars, especially since Iraq is the third oil-exporting country to China after Russia and Saudi Arabia, as well as Iraq importing large goods from China.

Baghdad fears the results

Al-Marsoumi added that China has large investments in Iraq in the field of construction, energy and infrastructure, and there is fear of the expansion of Chinese influence in Iraq, especially in the field of energy, since Beijing buys the share of any foreign oil company that exits the oil market, and its companies have expressed their willingness to buy the share of "Exxon Mobil".

When it was offered for sale, pointing out that the Iraqi government rejected the Chinese offer for fear of expanding China's influence more and for fear of the reluctance of Western companies to come to Iraq, as well as to avoid arousing fear of the United States, which considers Iraq a key player, especially in light of its location linking the continent of Asia and Europe. .

Iraqi reality

He pointed out that China is ready to pay money to some parties, unlike Western companies that cannot operate away from transparency and in the absence of stability, stressing that there is a major Chinese incursion that raises the concerns of the United States and Westerners because the Chinese are the largest importing country of oil and import from 10 to 11 million barrels, and they care In Iraq because it can provide them with great resources in addition to the huge profits in the infrastructure sector.

important market

The head of the Iraq Center for Strategic Studies, Ghazi Faisal, saw the US interest in Iraq as a market in which there are mineral resources worth $20 trillion, pointing out, at the same time, that Washington is trying to return part of the bill for the war on Iraq.

Faisal said, "There is a kind of commercial competition between the United States and China over the global markets for the export of goods, over the sources of primary resources, and over energy. It has giant investments in the United States, and the latter also has financial assets and giant companies operating in China.

Faisal added that there is intense competition for the markets, and it is not possible to go to large and diversified production without the presence of stable markets, and the Middle East is a vital strategic market for investment, and an important market for European and Western commodities, pointing out that China is fierce competition, but it is poor in mineral resources, as it imports all Something from minerals, oil and gas, and it needs 10 million barrels of oil per day, and it is trying to take over the Iraqi market.

Chinese investments

He added that China is a competitor to American and European commodities and is interested in the market and investment in Iraq, the Middle East and the Arab Gulf, especially Iraq, in which the value of heavy and light minerals in oil, gas, wealth and other heavy minerals is estimated at nearly $20 trillion, pointing out that minerals are a tremendous wealth for the United States.

Which spent three trillion dollars in Iraq as a result of its invasion of the country and wants to recover the trillions it spent in commercial and economic interests.

Threat to American interests

Faisal explained that the Chinese commercial and economic incursion into Iraq constitutes a threat to US interests in the Middle East and the Arab Gulf, because China is currently establishing military bases in Africa to guarantee its interests in terms of investment, and it also relies on military strategy to guarantee its economic and commercial interests and guarantee the security of companies operating in those countries. States, especially since it is the second economy in the world.

Faisal did not rule out that the competition between Beijing and Washington would turn into a conflict, or that China would go to publish rules after agreeing with the competent governments in a number of Middle Eastern countries, including Iraq, in order to protect its interests.

The director of the Republican Center for Strategic and Security Studies, Moataz Mohie Abdel Hamid, did not rule out the existence of Chinese intentions to establish a military base in the Middle East region to protect its interests in the region.

"China has great economic interests in Iraq, as it imports more than one million barrels per day of crude oil, in addition to establishing banking partnerships with it," he said, adding that it has projects in Iraq to restore infrastructure and future projects to establish a railway extending from China and then Iran, Iraq and Syria. , which is heavily oriented towards the Middle East.

Abdul Hamid also did not rule out the existence of a Chinese tendency to establish a foothold in the Middle East to protect Beijing's interests in the region, including Iraq, and pointed out that the government of Muhammad Shia al-Sudani intends to build strategic relations with many countries, including China and Russia, and not rely solely on the United States for Developing the country's infrastructure.

Quoted from The Independent Arabia   Views 183   Added 12/06/2022 - 3:04 PM  Updated 12/06/2022 - 5:23 PM    https://economy-news.net/content.php?id=31197

A Parliamentary Committee Promises To Pass The Necessary Legislation For The Success Of Investment And Economic Development

Tuesday 06, December 2022 14:52 | Economical Number of readings: 225

Baghdad / NINA / - The Parliamentary Investment and Development Committee pledged to support investment projects by approving the necessary legislation to ensure the success of the investment environment and economic development.

Committee member Representative Hussein Al-Sabri said in a joint press conference today, Monday, that the parliamentary committee has sought, since the start of its work in the House of Representatives, to follow up on investment projects in Baghdad and the provinces, to create an appropriate atmosphere for investment and development work in all provinces, and to solve problems and obstacles that stopped a number of important investment projects. Including the Bismayah residential project.

He added, "The members of the Investment and Development Committee will be supportive through our work to prepare and create all success factors for investment and development work through the enactment of laws that establish an economic ground, with the aim of providing adequate housing for people with limited income and finding job opportunities for our children and brothers and new fields of work for the private sector that contribute to increasing financial resources." for the Iraqi state and advancing the wheel of investment.”/ https://ninanews.com/Website/News/Details?key=1018538

British Praise For The Initiatives Of The Central Bank Of Iraq And Its Role In Providing Renewable Energy Loans

Money and business   Economy News – Baghdad The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, received, on Tuesday, the British Ambassador to Iraq, Mark Bryson Richardson.

During the meeting, the central bank governor stressed, according to a statement by the bank's media office, "strengthening banking and economic relations between the two friendly countries."

And he stressed, "The Central Bank of Iraq has played a major role during the past years in revitalizing the Iraqi economy," noting that "the banking sector in Iraq is looking forward to strengthening cooperation between the two countries in the fields of banking and combating money laundering and financing terrorism."

For his part, British Ambassador Mark Bryson Richardson praised "the initiatives of the Central Bank of Iraq and its role in providing renewable energy loans, which reinforces Iraq's commitment to the Climate Change Agreement."   Views 109   Added 12/06/2022 - 1:12 PM  Updated 12/06/2022 - 5:24 PM

https://economy-news.net/content.php?id=31194

Central Bank Governor: We Look Forward To Cooperating With Britain

British praise for the initiatives of the Central Bank of Iraq and its role in providing renewable energy loans -- The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, confirmed today, Tuesday, the aspiration of the banking sector in Iraq to cooperate with Britain in three areas.

The Central Bank's media office said in a statement, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, received today the British Ambassador to Iraq, Mark Bryson Richardson."

During the meeting, Makhaif stressed, according to the statement, "strengthening banking and economic relations between the two friendly countries," stressing that "the Central Bank of Iraq played a major role during the past years in revitalizing the Iraqi economy."

He continued, "The banking sector in Iraq is looking forward to strengthening cooperation between the two countries in the fields of banking and combating money laundering and financing terrorism."

For his part, British Ambassador Mark Bryson Richardson praised "

https://www.radionawa.com/all-detail.aspx?jimare=32447

To read more current and reliable Iraqi news please visit BondLady’s Corner:

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KTFA Members "Vietnam and iraq News" Tuesday 2-6-2022

KTFA:

Toyvp:  This was done in August!!!!!! 

Exchange Rate in Vietnam

Vietnam - Exchange Rate

Central Bank devalues dong, widens trading band

On 19 August, the State Bank of Vietnam (SBV) announced an adjustment to the average inter-bank VND/USD exchange rate, raising the rate from 21,673 VND/USD to 21,890 VND/USD, the equivalent of a 1.0% increase.

The Bank also decided to widen the exchange rate trading band from +/-2.0% to +/-3.0%, spreading the floor and ceiling exchange rates to 21,233 and 22,547 VND per USD, respectively. The move follows two prior devaluations of the dong this year of 1.0 percentage points each in January and May.

The move to devalue the currency comes in response to the depreciation of the Chinese yuan earlier this month, and will help support Vietnam’s external position as currencies in the region lose ground against the greenback. A weaker dong also means the SBV is able to use less resources in order to maintain the exchange rate as strengthened expectations of the Fed’s interest rate hike later this year put downward pressure on the currency.

The decision to widen the dong’s trading band follows a similar action on 12 August to expand the band from +/-1.0% to +/-2.0% around the previous midpoint of 21,673 VND/USD. The SBV had defended that decision stating that a stronger recovery in the U.S. and uncertainty in Europe over the Greek debt fallout, as well as other external factors, required a more flexible trading band.

The list of adjustments made by the SBV in August is indicative of a host of pressures affecting Asian forex markets. With these changes, the SBV hopes to safeguard the dong against fluctuation in domestic and international markets, and maintain the competitiveness of Vietnam’s exporters.

FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. For 2016, the panel projects the dong to trade at 22,108 per USD.

https://www.focus-economics.com/country-indicator/vietnam/exchange-rate

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Toyvp:  Market extends rallies, VN-Index inches close to 1,100 points

December, 06/2022 - 05:45

The VN-Index opened the new week on a positive note as it headed toward the 1,100 point-level.

HÀ NỘI — Benchmark indices extended rallies on Monday, boosted by the market's bullish sentiment and strong net inflows from foreign investors.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index opened the new week on a positive note as it headed toward the 1,100-point level. The index closed the day at 1,093.67 points, a gain of 13.66 points, or 1.26 per cent. It gained more than 11 per cent last week. 

The market's breadth was positive as many stocks tilted to the uptrend. Of which, 244 stocks on the southern bourse advanced, while 122 stocks inched lower. Liquidity remained at a high level. Accordingly, nearly 1.3 billion shares were traded on HoSE, worth more than VNĐ20.97 trillion (US$875.2 million).

Saigon - Hanoi Securities JSC expected the VN-Index to fluctuate in a range of 1,000-1,150 points and create a wide accumulation area.

The VN30-Index, which tracks the 30 biggest stocks on HoSE, also posted an increase of 17.95 points, or 1.64 per cent, to 1,110.94 points. In the VN30 basket, 25 stocks added points with four stocks hitting ceiling prices, while three stocks declined. And two stocks stayed flat. 

Statistics from a finance website vietstock.vn showed that banking, realty, and manufacturing industries continued to lead the market's rally. Specifically, VPBank was the biggest gainer yesterday, up 4.91 per cent.

Others in the top five stocks influencing the trend were Vinhomes (VHM), PV Gas (GAS), Hòa Phát Group (HPG), and Vietinbank (CTG). The stocks rose by 1.8-2.83 per cent. 

The HNX-Index on the Hà Nội Stock Exchange (HNX) also finished higher yesterday, marking its eighth gaining session in a row. It gained 4 points, or 1.85 per cent, to 219.96 points. 

During the session, investors poured nearly VNĐ1.8 trillion into the northern market, equivalent to a trading volume of nearly 123.2 million shares. 

Supporting the Vietnamese stock market, foreign investors continued to net buy a large value on both main exchanges. Of which, they net bought nearly VNĐ1.4 trillion on HoSE and VNĐ22.62 billion on HNX. VNS

https://vietnamnews.vn/economy/1401540/market-extends-rallies-vn-index-inches-close-to-1-100-points.html

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Clare:  Source: Iraqi Parliament to approve 2023 budget of 140 trillion dinars soon

2022-12-05

Iraq's Parliament will approve the 2023 budget of 140 trillion Iraqi dinars in the coming days as the country wrestles with an economic and financial crisis.

A source in the Parliamentary Finance committee, Mouin Al-Kadhimi, revealed to Shafaq News Agency that Prime Minister Muhammad S. Al-Sudani directed the minister of finance to complete the 140-trillion-dinars budget law to approve it and then refer it to the Parliament.

The budget deficit is estimated at 20 trillion Iraqi dinars, he said.

The 2023 budget set an oil price between $60-65 a barrel.

It is worth noting that Iraq depends on oil revenue for 95 percent of its income.   LINK

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Clare:  A parliamentarian attacks the governor of the Central Bank for his “insistence” on raising the exchange rate and threatens to question him

2022-12-06

A member of Parliament for the "Sadiqun" parliamentary bloc, Rafik al-Salhi, accused, on Tuesday, the governor of the Central Bank of Iraq of insisting on keeping the exchange rate of the US dollar against the dinar, hinting at the possibility of interrogating the governor under the dome of parliament in the event that the exchange rate is not restored as it was in Previous.

Al-Salhi said in a press conference held today, that "with the rise in crude oil prices and the growth of oil revenues, the governor of the Central Bank is still insisting on raising the exchange rate of the dollar, and restricting citizens, especially those with limited income."

And he added, "We have followed with great astonishment during the past days about the central bank's inability to change the exchange rate of the dollar, and that the decision was taken in consultation with the International Monetary Fund, and we do not know whether the governor of the central bank lives in Iraq or in another country, and he is not aware of the extent of the damage that he suffered." Over the past two years, the simple citizen has witnessed an insane rise in the prices of consumer goods, which added another burden on the shoulders of the poor.

And Al-Salhi considered that mortgaging the Iraqi economy with the dictates of the International Monetary Fund represents a dangerous turning point that affects the future of the country and it.

The parliamentarian also called on the government and the governor of the central bank to expedite the reduction of the exchange rate of the dollar to what it was previously, adding that the House of Representatives has the final word, otherwise it is possible to correct the decision by the legislative authority, even if it is necessary to amend the central bank law.

He went on to say that the House of Representatives demands its moral and constitutional responsibility and work to correct the decision to raise the exchange rate of the dollar and look at the size of the injustice and the harm that befell millions of the poor and those with no income.

Al-Salhi pointed out that in the event that the governor of the Central Bank does not respond by returning the exchange rate of the dollar to the old price, we have no choice but to collect parliamentary signatures to interrogate the governor of the Central Bank inside the dome of Parliament.

And at the end of 2020, the Central Bank of Iraq decided to reduce the value of the local dinar against the dollar from 1190 dinars per dollar to 1450 dinars, to contain a financial crisis that Baghdad was suffering from due to a significant decline in oil prices due to the repercussions of the Corona pandemic.

The decision caused an increase in prices in the local markets by more than 20 percent, which negatively affected low-income and middle-class people.  LINK

Clare:  With the participation of Iraq, the Chinese president will visit Saudi Arabia on Thursday to attend a joint summit

12/06/2022 

 The Chinese President, {Xi Jinping}, will visit Saudi Arabia the day after tomorrow, Thursday, on an official visit to the Queen, which will last for two days.

CNN quoted a source familiar with the trip, an Arab diplomatic source and a senior Arab official as saying that "two conferences will be held during Xi's trip to Riyadh, a Chinese-Arab conference and a Chinese-Gulf conference."

It is expected that at least 14 Arab heads of state will attend the Chinese-Arab conference, including Iraq, according to the Arab diplomatic source, who described the trip as a "milestone" for Arab-Chinese relations.    LINK

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Henig:  Urgent:  Nineveh Governor announces the suspension of tomorrow's working hours in the province 

{Local: Al-Furat News} Nineveh Governor Najm Al-Jubouri announced the suspension of official working hours for tomorrow, Tuesday, for the city center of Mosul only, with the exception of service departments, in order to complete projects.

Al-Jubouri called on "citizens to reduce vehicle movement to serve the public interest."   LINK

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Henig:  Integrity: Recruiting the former governor of Babylon for violating his job duties

Baghdad / NINA / - The Integrity Commission revealed that an order had been issued to bring in the former governor of Babylon, on the grounds that he had deliberately committed a breach of his job duties.

The Commission’s Investigation Department stated in a statement, “The Hilla Investigation Court, which specializes in integrity issues, decided to bring in the former governor of Babylon, regarding the violations that occurred in the record of allocating plots of land to the martyrs and wounded segment in the Hilla Municipality Directorate, pointing out that the governor signed and approved the allocation record, despite these Violations; after him, Chairman of the Land Allocation Committee. LINK

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Henig:  Nabil Al-Marsoumi to / NINA /: 4-5 billion dollars annually are the government's loss from unofficial outlets

Baghdad / NINA / - The economic expert, Nabil Al-Marsoumi, confirmed that: 4-5 billion dollars annually are the government's loss from unofficial outlets.

He told the National Iraqi News Agency / NINA /: that customs protection and tariffs are a global system applied in varying proportions to achieve the protection of the local product, combat some types of commodities, and obtain new financial revenues.

Al-Marsoumi added: The policy of trade openness, the lack of fees, and the entry of goods through unofficial outlets deprives the government of 5 billion annually.

Al-Marsoumi called on the government to activate the customs tariff system and include it for imported goods, in addition to stopping smuggling.  LINK

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Henig:  Political analyst: The coming months will reveal the involvement of statesmen in corruption files

{Politics: Al-Furat News} The political analyst, Adel Al-Manea, expected today, Monday, to reveal the involvement of state officials in corruption files in the coming months.

The useful summary.. On important news, you can find it on Al-Furat News channel on Telegram.. To subscribe, click here

Al-Manea told Al-Furat News that: "Al-Sudani's government differs greatly from the previous government, so it is the one that started pursuing the corrupt." 

He added, "In other words, there is seriousness in fighting corruption and the corrupt, and perhaps the coming months will reveal the involvement of senior statesmen and parties in corruption files."

Al-Manea stressed "the need for the parliament to be supportive of the government with a number of legislations, to be politically supportive of the government, and not to cover up personalities from within its political formation."

"No matter how serious the government is in providing services to people, it must be based on a lot of legislation," he added.   LINK

"Tidbits From TNT" Tuesday Morning 12-6-2022

TNT:

Tishwash:  Parliament adjourns for further notice due to lack of quorum

Today, Tuesday, the House of Representatives decided to postpone its session to an unknown date, due to the lack of a quorum.

A parliamentary source told (Baghdad Today) that "the House of Representatives decided to postpone its session, which was scheduled to be held today, because the legal quorum was not achieved."

The House of Representatives had postponed its meeting for half an hour until a quorum was completed to convene it, but failed in the latter to achieve that  link

Tishwash:   Kurdish deputy: Only two sessions during the current week.. and he ruled out starting to read next year's budget

Member of Parliament for the Kurdistan Democratic Party, Sabah Sobhi, ruled out the arrival of the general budget for the next year during the current week.

He told the National Iraqi News Agency / NINA /: There is a serious movement for the first reading of the budget during this week, and this is difficult and the time is very short.

Sobhi added: There are only two sessions left for the current legislative term (tomorrow and Thursday), and it is difficult because there are pending issues in the Finance Committee.

Sobhi explained: There is a trend for the first reading during the legislative recess, by informing us during it and attending in order to start reading it.  link

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GPCobb:  dunno if this is the latest, he is saying it is announced over there; Nader https://www.youtube.com/watch?v=tFyefxGOF5Y

KMan:  If my math is correct, if this does go through let's say @$1.50, one 25K note would yeild $37,500 and that would be a whole log of Dong purchases. If this does happen, I wonder if they might restrict the # of 25 K notes and I would imagine there isn't any tax on the Dinar, that a lot of money to play with. Just some thoughts if this does happen.

Red:  if you hold the same note a few days and get the contract rate it might be 750,000.00

RVAlready:  Correct. But I doubt it will go international until January. Much as I would love some decent exchange action next week.

KMan: Red, what you and RValready say is true, we just don't know yet. But if it does, Merry Christmas...lol

RVAlready:  Sounds like banks and treasury do not want to see this until January. So, the IMF probably would not give the green light until January. Without treasury support, I doubt the banks would exchange. Banks usually will not speculate on currency.

Yada:  Good news from Tish's article, the article 140 was settled with 13% of the governments going to Kurdistan for the heavy lifting. Believe that was the last sticking point

Annie68:  yada,What about no Parliament because of not enough members and budget passing going into next year? I didn't see much happy news in the artickes!

Yada:  Well, they stated yeserday that rate was changed and we won't see it till the end of this week. Dont see that changing because even at the end of this week the budget for 2023 wasn't voted upon. Ive stated since the middle of this year when they went through the approval of the EFSL, which we were told had the rate but didn 'have a government to release it is still in affect. They do have a government now as of Saturday and Im of the mind this is where we are seeing the rate release.

Yada:  It would be like reading the bible. Chapters were not included, just one long letter. When it was put together, KJV, chapters were included. What I think we are seeing is they inserted a chapter between the 2022 budget and the 2023 budget. May have been their intent to marry them together but they first need to see the release now verses later….this will give them time to make adjustments as needed based on how their market fares. JMO

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Tishwash :  Mazhar Muhammad Salih: The funds of the food security law will be part of the budget for next year

The financial expert, Mazhar Muhammad Salih, confirmed: The funds of the Food Security Law will be part of the next year's budget.

He told the National Iraqi News Agency / NINA /: that once the federal general budget law is issued for the next year, the financial agencies will work unifiedly in accordance with the principles of the effective financial management law, which requires the unity of the general budget in spending and revenue.

Saleh added: The articles of the general budget law for the next year should absorb the remnants of the financial obligations stipulated in the Emergency Law for Food Security and Development No. 2 of 2022, so that this law and the obligations contained therein become an integral part of the next federal general budget law.

He explained: It is not permissible to spend under any pretext outside the General Budget Law in one fiscal year in which the law enacts that based on the provisions of Article 51 of the amended Financial Management Law No. 6 of 2019, which stipulates adherence to the principles of the budget in terms of budget unity, comprehensiveness and annuality, unless otherwise stipulated in the The same budget law regarding the mechanism for dealing with the remnants of unspent allocated allocations in the aforementioned Emergency Law for Food Security and Development No. 2 of 2022 and considers it an exceptional case. Such a matter leaves its appreciation to the executive authority when preparing the texts of the draft federal budget law for the next year. link

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CandyKisses:  Oil is back up after a sharp decline

{Economic: Al Furat News} Oil prices rose today, Tuesday, after a ceiling set by the Group of Seven for Russian seaborne oil prices entered into force yesterday, Monday, in addition to the European Union’s ban on Russian crude imports by sea.

Brent crude futures rose 66 cents to $83.34 a barrel by 01:08 GMT, while West Texas Intermediate crude rose 70 cents to $77.63 a barrel, according to Reuters.

Futures fell by more than 3% in the previous session, after US services sector data raised concerns that the Federal Reserve (the US central bank) may continue the path of tightening monetary policy.

The Russian oil price cap, imposed by the G7, comes as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it is forced to cut production.

The price cap, to be imposed by the Group of Seven countries, the European Union and Australia, came in addition to the European Union's ban on Russian crude imports by sea and similar pledges from the United States, Canada, Japan and Britain.

Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, in what is known as the OPEC + grouping, agreed on Sunday to stick to their agreement in October to cut production by two million barrels per day starting in November.

The Group of Seven countries and Australia agreed last week to put a cap of $60 a barrel on Russian oil transported by sea.

In China, more cities eased COVID-19 restrictions over the weekend, fueling optimism about increased demand from the world's largest oil importer.

Business and manufacturing in China, the world's second-largest economy, have been hit this year by strict measures to curb the spread of the coronavirus.

Mot: Kids today will never know the THRILL of this magic book 

Mot: anyone Know Where he Publishes the List - aaahhhh - Asking fer a Friend!

Iraqi News Highlights Monday Evening 12-5-22

Iraqi News Highlights Monday Evening 12-5-22

Tlm724 Administrator Bondlady’s Corner

Association Of Banks: Central Bank Actions Will Return Dollar Prices To Their Rates

political| 04:12 - 05/12/2022   Baghdad - Mawazine News   The Iraqi Private Banks Association announced today, Monday, that the Central Bank's measures to increase the dollar supply through its approved outlets will lead to a return of exchange rates to their rates quickly.

"The economic and political conditions and their repercussions negatively affect stability in the monetary system and the financial system, and thus this will lead to economic instability and market confusion," the association's advisor, Samir Al-Nusairi, said in a statement, which Mawazine News received a copy of.

Al-Nusairi added, "Several days ago, a new wave of criticism began from some media affected by rumors launched and driven by speculators in the currency exchange market with the aim of creating a state of confusion and instability and trying to drag the money market into instability and thwarting the central bank's plans to control the target rates." The exchange rate, which has remained stable since its adjustment to the new rates of finance, banks and the public.

He pointed out that "speculators took advantage of the decline in dollar sales in the window for selling foreign currency, which the central bank clarified in a statement last week that the reason is the application of a new electronic platform to control external transfers similar to the letters of guarantee platform currently implemented," noting that "given the lack of sufficient preparation For local banks, with the start of the trial application of the platform, part of the foreign transfers were postponed, which resulted in a decrease in the volume of sales of the foreign currency sale window.

And he emphasized that “another rumor is that the central bank will make a new change to the current price,” explaining that “the central bank has repeatedly announced that there is no intention to change the price at present and explained the negative effects of any change in the price on the national economy, trade exchanges, and local and foreign banking dealings with countries.” the scientist".

And he continued, “The exchange rate is determined by the central bank according to the effects and repercussions of the economic reality in a country like Iraq that suffers from challenges, repercussions, economic and financial crises, and a structural and systematic imbalance in managing the economy and money. Monetary, but this cannot be achieved without joint coordination with fiscal policy and other economic sectors, activating the real economy, diversifying sources of national income, and leaving the unilateral economy relying on oil as a main resource that constitutes 93% of the general budget revenues and 57% of the gross domestic product.

And he stressed that "those who criticize the central bank must be aware that its measures announced yesterday by increasing the dollar supply through its approved outlets and banks will inevitably lead to the return of the price to its target rates inevitably and quickly." Ended 29 / H

https://www.mawazin.net/Details.aspx?jimare=213296

Trade Responds To A “Member Of Integrity”: Private Banks Are Licensed By The Central Bank

Monday, December 5, 2022 5:01 PM   Baghdad / The National News Center  The Ministry of Commerce responded, today, Monday, to Representative Hadi Al-Salami regarding the amount of the export support fund deposited in one of the private banks, while indicating that the aforementioned amount was deposited according to directives issued for depositing in private banks that have the right to practice the exchange profession and are licensed to work from the Central Bank of Iraq.

And the ministry stated in a statement received by the National News Center that, “In reference to what Representative Hadi Al-Salami said, we would like to clarify that the amount deposited in the United Investment Bank, amounting to 68 billion dinars, dates back to 2018 and was deposited in the Export Support Fund account, according to directives issued for depositing and dealing with private banks.” In accordance with the instructions in force and work permits for money changers.

And she added, “The book of the Central Bank of Iraq at the time confirmed that the bank is recognized and authorized by it and is subject to its supervision and control and did not indicate the existence of any problems with the United Bank for Investment,” noting that “two years ago, no sums were deposited in the aforementioned bank by a support fund.” exports.”

In its statement, the ministry denied the existence of any amounts in the bank belonging to the General Company for Central Markets and the General Company for Iraqi Exhibitions, stating that “the amount of 68 billion dinars belongs to the Export Support Fund and that all withdrawals from the bank continue until today in the form of salaries, support amounts and other operating expenses of the fund.”

And the ministry confirmed, “The Commercial and Financial Control Department directed the fund to take legal measures with the aforementioned bank and transfer the amounts deposited in it to the fund’s account in the Rasheed Bank.”

And she stressed, “It is continuing with its procedures, and all accounts are subject to oversight by the regulatory agencies that indicated the deposited amounts, and additional measures were taken to guarantee the right of the fund.”    https://nnciraq.com/169962/

Parliamentary Integrity Of / Nina /: Governmental And Private Banks Involved In Money Laundering And Waste Of Public Money

Monday 05 December 2022 16:32 | Economical Number of readings: 244   Baghdad / NINA / - The Parliamentary Integrity Committee revealed files of corruption and waste of public money related to dozens of governmental and private banks.

Committee member, Representative Hadi Al-Salami, stated in a statement to the National Iraqi News Agency / NINA /, that "the Integrity Committee continues its continuous follow-up of rampant corruption in banking institutions, especially Al-Rafidain, Al-Rasheed, Al-Nahrain, Al-Zarai and other banks.

He said, "We have received two official lists issued by the Central Bank, which includes a group Banks that are not committed to the electronic connection and the failure to implement the electronic reporting system.

He added, "The first list includes 28 banks, and the second includes 26 banks, all of which are not committed to implementing the electronic reporting system that was mentioned in the Anti-Money Laundering Law No. 39 of 2015, which takes preventive and precautionary measures before the occurrence of corruption operations, especially in cases of financing terrorism and money laundering." and smuggling currency and counterfeit bills.”

A member of the Integrity Committee confirmed, "A judicial complaint has been filed with the Public Prosecution Service, the Integrity Commission, and the Financial Supervision Bureau, against those banks that refuse electronic linkage because it will be detailed for theft and plundering of public money and money laundering."/ End 5    https://ninanews.com/Website/News/Details?Key=1018333

The Rise In Oil Prices Due To The Decision Of OPEC +

Economie| 09:11 - 05/12/2022   Follow-up - Mawazine News   Oil prices jumped 2%, Monday, after OPEC + countries kept their production targets before the European Union banned Russian crude and put a ceiling on it, which takes effect from today.

Meanwhile, in a positive sign for fuel demand, more Chinese cities eased anti-COVID-19 restrictions over the weekend.  Brent crude futures rose $1.84, or 2.2%, to $41.87 a barrel at 01:42 GMT.

US West Texas Intermediate crude futures rose $1.64, or 2%, to $62.81 a barrel.

The Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, who are called the “OPEC +” group, agreed yesterday, Sunday, to adhere to the agreement it reached in October, which is to cut production by two million barrels per day, starting from last November until the end of this year. 2023. Ended 29/N33    https://www.mawazin.net/Details.aspx?jimare=213260

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Association Of Banks: Central Bank Measures Will Return Dollar Prices To Their Rates Quickly

money and business   Economy News – Baghdad The Iraqi Private Banks Association announced, on Monday, that the Central Bank's measures to increase the supply of dollars through its approved outlets will lead to a return of exchange rates to their rates quickly.

"The economic and political conditions and their repercussions negatively affect stability in the monetary system and the financial system, and thus this will lead to economic instability and market confusion," the association's advisor, Samir Al-Nusairi, said in a statement.

Al-Nusairi added, "Several days ago, a new wave of criticism began from some media outlets affected by rumors launched and driven by speculators in the currency exchange market with the aim of creating a state of confusion and instability and trying to drag the money market into instability and thwarting the central bank's plans to control the target rates for the exchange rate." The exchange rate, which has remained stable since its adjustment to the new rates of finance, banks and the public.

He pointed out that "speculators took advantage of the decline in dollar sales in the window for selling foreign currency, which the central bank clarified in a statement last week that the reason is the application of a new electronic platform to control external transfers similar to the letters of guarantee platform currently implemented," noting that "given the lack of sufficient preparation For local banks, with the start of the trial application of the platform, part of the foreign transfers were postponed, which resulted in a decrease in the volume of sales of the foreign currency sale window.

And he emphasized that “another rumor is that the central bank will make a new change to the current price,” explaining that “the central bank has repeatedly announced that there is no intention to change the price at present and explained the negative effects of any change in the price on the national economy, trade exchanges, and local and foreign banking dealings with countries.” the scientist".

And he continued, “The exchange rate is determined by the central bank according to the effects and repercussions of the economic reality in a country like Iraq that suffers from challenges, repercussions, economic and financial crises, and a structural and systematic imbalance in managing the economy and money.

Monetary, but this cannot be achieved without joint coordination with fiscal policy and other economic sectors, activating the real economy, diversifying sources of national income, and leaving the unilateral economy relying on oil as a main resource that constitutes 93% of the general budget revenues and 57% of the gross domestic product.

And he stressed that "those who criticize the central bank must be aware that its measures announced yesterday by increasing the supply of dollars through its approved outlets and banks will inevitably lead to the return of the price to its target rates inevitably and quickly."

Views 258   Added 12/05/2022 - 4:12 PM   Updated 12/05/2022 - 6:30 PM

https://economy-news.net/content.php?id=31189

Despite The Central Bank's Steps, The Dollar Continues To Rise In The Local Markets

Economie| 09:50 - 04/12/2022  Baghdad - Mawazine News  The exchange rate of the dollar continues to rise, despite the decisions issued by the Central Bank of Iraq to limit its rise.

Money changers spoke to Mawazine News about the exchange rates of the dollar this evening, as the Basra governorate recorded 150 thousand dinars for purchase and 151 thousand for sale for every $100.

While the capital, Baghdad, recorded this evening, the money changers recorded a price of 149,000 for purchase and 150,000 for sale, while in Erbil, the prices were at 147,000 for purchase and 148,000 for sale.

And the Central Bank of Iraq issued a number of decisions to prevent the rise of the dollar in the local markets.

And the Central Bank of Iraq decided, today, Sunday, to increase the sales ceiling for travelers and the delegated employee to become (5000) dollars, after the directive of the Prime Minister, Muhammad Shia Al-Sudani.

The Central Bank of Iraq also decided, today, Sunday, to increase weekly cash sales of the dollar, to prevent a rise in the exchange rate after the directives of Prime Minister Muhammad Shia’a al-Sudani, while confirming its readiness to meet the needs of citizens in foreign currencies. Ended 29 / h

https://www.mawazin.net/Details.aspx?jimare=213244

The decline in the exchange rate of the dollar against the dinar

Economie| 10:00 - 05/12/2022  Baghdad - Mawazine News  The exchange rates of the dollar decreased today, Monday, on the local stock exchange.   Selling price: 149,300 dinars per 100 dollars   Buying price: 149,200 dinars per 100 dollars   https://www.mawazin.net/Details.aspx?jimare=213267

Parliamentary: Discussions And Dialogues To Reconsider The Exchange Rate Of The Dollar

Political | 02:44 - 05/12/2022   Special - Mawazine News   , the representative of the Kurdistan Democratic Party, Najwa Hamid, confirmed the parliament's move towards reconsidering the exchange rate of the dollar.

Hamid told Mawazine News, "There are discussions and dialogues between members of the House of Representatives, and the Finance Committee specifically, to reconsider the exchange rate of the dollar, and we imagine that an appropriate price will be maintained."

And she continued, "The rapid rise led to a clear economic deterioration, due to the failure to study the negatives and positives about the matter, so there is a real necessity to restore the exchange rate of the dollar." Ended 29/N33    https://www.mawazin.net/Details.aspx?jimare=213288

Al-Sudani Assures Blaschaert Of Iraq's Aspiration For More Cooperation With The UN In Many Files

Political | 03:09 - 05/12/2022   Baghdad - Mawazine News, Prime Minister Muhammad Shia Al-Sudani affirmed, on Monday, Iraq's aspiration for more cooperation with the UN organization in many files.

Al-Sudani's office stated in a statement, a copy of which Mawazine News received, that "Prime Minister Muhammad Shia'a Al-Sudani received, this morning, the Special Representative of the Secretary-General of the United Nations in Iraq, Jenine Blaskhart."

He added, "During the meeting, they reviewed all files of cooperation and joint programs between Iraq and the international organization, and the progress of their implementation in various fields."

The Prime Minister affirmed to the UN envoy, "Iraq's aspiration for more cooperation with the UN organization in many files, including the file of the return of the displaced, and cooperation in the field of confronting climate change." Ended 29 / H https://www.mawazin.net/Details.aspx?jimare=213290

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Parliamentary: Discussions And Dialogues To Reconsider The Exchange Rate Of The Dollar

Political | 02:44 - 05/12/2022  Special - Mawazine News,the representative of the Kurdistan Democratic Party, Najwa Hamid, confirmed the parliament's move towards reconsidering the exchange rate of the dollar.

Hamid told Mawazine News, "There are discussions and dialogues between members of the House of Representatives, and the Finance Committee specifically, to reconsider the exchange rate of the dollar, and we imagine that an appropriate price will be maintained."

And she continued, "The rapid rise led to a clear economic deterioration, due to the failure to study the negatives and positives about the matter, so there is a real necessity to restore the exchange rate of the dollar." Ended 29/N33    https://www.mawazin.net/Details.aspx?jimare=213288

Parliament Hopes That The Budget Will Arrive This Week: Its Deficit Is 10 Trillion Dinars

Posted On2022-12-05 By Sotaliraq   Baghdad / Firas Adnan   The Finance Committee in Parliament still hopes that the budget law will arrive before the legislative recess that begins next Friday, and stressed that its approval will need a discussion that exceeds a month in a few days, relying on the political agreements under which the government was formed, estimating the financial deficit in it at 10 trillion dinars.

Committee member Mueen Al-Kazemi said, "The Ministry of Finance is responsible for preparing the draft budget law from the operational side, while the Ministry of Planning is responsible for the investment side."

Al-Kazemi, a representative of the Al-Fateh Alliance, continued, "The projects prepared by the Ministry of Planning include ongoing, new, and lag projects."

He pointed out, "A review took place a few days ago for the project, in the presence of representatives of the relevant ministries and the General Secretariat of the Council of Ministers."

Al-Kadhimi expects that “the coming days will witness the presentation of the project in the Council of Ministers in order to transfer it to the House of Representatives,” and it is not excluded that “this will happen before the end of this week, which is the last in the current legislative season.”

And he reported, “The arrival of the law during the current week will prompt Parliament to cancel its recess and postpone it until the budget legislation is completed in all stages, which include the first and second reading and voting.”

And Al-Kazemi believes, "The possibility of some discussions and divergence of views on the law, but we will eventually reach approval so that the budget takes its way to implementation as soon as possible."

And he stated, "The weightings indicate that the amounts of the law will reach 130 trillion dinars, and we are keen to have a role for the government in reducing unnecessary spending and seriously thinking about non-oil revenues such as taxes and customs."

Al-Kadhimi spoke of "an effort to reduce the fiscal deficit, which is expected to reach 10 trillion dinars."

And he stressed, "A large part of the allocations will go to securing salaries for the next year, to allocate a significant amount of about 6 trillion dinars for social care."

Al-Kazemi stressed, "The importance of Parliament taking into account the ministerial platform that it voted on when granting confidence to the government of Muhammad Shia'a al-Sudani, especially in terms of advancing the agricultural, health and infrastructure sectors, and supporting the economic and development reality."

He noted, "Parliament will review the draft that it will receive from the government and hold discussions with some important ministries and sectors to come up with an important conviction before approving the budget."

Al-Kadhimi expresses his "hope that the law will be finalized at the beginning of next year, in order to give a role to ministries and institutions with serious work."

And he went on to say that “the delay in the budget in previous sessions had a negative impact on the executive performance, especially with regard to the implementation of service projects that topped the Sudanese ministerial curriculum.”

Al-Kazemi pointed out, "The political consensus between the blocs will encourage the speedy approval of the budget in parliament, in a way that prevents large differences, especially regarding the allocations of the Kurdistan region or the provinces."

It is estimated, "The period needed by the House of Representatives in order to approve the budget after its arrival from the government by more than a month in a few days, and the political consensus will play a positive role in this matter."

Al-Kadhimi concluded, "Parliament hopes that there will be a serious investment of the financial abundance that resulted from the rise in oil prices, by employing it in the appropriate fields."

For his part, another member of the committee, Mustafa Al-Karawi, stated that “the House of Representatives has not received, until now, the budget law from the government.”

Al-Karawi, a representative of the Ishraqa Canon bloc, continued, "Everything that is raised about amounts of revenue, expenditures, or deficits are just leaks that are not official."

He pointed out, "The Parliamentary Finance Committee hopes that the law will arrive before the end of this week, which witnesses the end of the current legislative term."

Al-Karawi explained, "The budget is an issue related to all the lives of citizens, as there are many categories waiting for it, such as holders of higher degrees, contract employees, and first graduates."

And Al-Karawi concluded, “If Parliament does not receive the budget before the eighth day of this month, it will enter a legislative recess that extends to 30 days, after which it will resume its work.”

The Prime Minister, Muhammad Shia' al-Sudani, had chaired a meeting a few days ago on the budget, and instructed to expedite its submission in order to refer it to Parliament.   LINK

The Total “Theft Of The Century” Amounted To 5 Billion Dollars, And The Real Amount Was Hidden Due To The Involvement Of Influential People

Posted On2022-12-05 By Sotaliraq   Baghdad / Tamim Al-Hassan   In light of the operations described as "political cleansing" to control important positions, questions began to arise about covering up corrupt people in previous governments.

Skeptics revealed the existence of intentions to hand over "corrupt" new positions, in addition to obscuring partners in the theft of the last century.

And those authorities revealed the existence of other "undeclared" amounts of the theft, which was considered the largest in the history of Iraq.

The information says that the stolen amounts may reach about twice what was announced, and the blackout was made due to the involvement of influential parties.

Half of the deadline that Prime Minister Muhammad al-Sudani revealed last week has now passed, in return for handing over only 5% of the money that was stolen from tax secretariats.

Al-Sudani had revealed, in a press conference on Sunday last week, that 180 billion dinars had been recovered out of about 4 trillion dinars stolen from taxes.

The prime minister spoke at the conference, in which he appeared surrounded by stacks of recovered money, that the most prominent suspect, Nour Zuhair, had been released on the condition that he return the rest of the money in his possession within two weeks.

According to what the Prime Minister said at the time, about 43% of the stolen money is in the possession of Nour Zuhair, and most of it is real estate.

Parliamentary bodies following the case revealed to (Al-Mada) the existence of information indicating that the amounts stolen from the tax secretariats are greater than those revealed by Al-Sudani.[/size]

Those authorities, who asked not to be identified, said that "estimates indicate that the entire amount is $5 billion (approximately 7.5 trillion dinars)".

Those parties, a group of independent deputies, confirm that covering up the amount “came because of pressure from influential people involved in the theft.”

During the period before Al-Sudani announced the recovery of the amount, there were 3 different estimates that appeared to the public opinion of the total amount stolen.

Last month, former Finance Minister Ali Allawi appeared at an international conference and stated that the stolen amount of trusts is $12.5 billion.

And before that, Ihsan Abdul-Jabbar, who is the former oil minister and was assigned at the end of Mustafa Al-Kazemi’s government to run the Ministry of Finance after Allawi’s resignation, stated that the stolen amount is 800 million dollars.

Abdul-Jabbar, who is believed to have been subjected to sanctions from influential people after revealing the amount, returned to amend the figure after that to 2.5 billion dollars.

A few days ago, former MP Mishaan al-Jubouri called for an investigation into whether there was a link between Abdul-Jabbar's dismissal from the Finance Ministry and a scandal of "theft of the century."

Al-Jubouri said, wondering in a tweet on “Twitter”: “Are there any anti-corruption advocates who have the courage to investigate the manner and reasons that made Parliament vote to exempt Dr. Ihsan Abdul-Jabbar from managing the Ministry of Finance as an agency after directly revealing the theft of the century!? And if its hero, Nour Zuhair, had paid sums of money to personalities who adopted and insisted on a vote in parliament?

On the other hand, there are doubts among the coordination framework, some of which have begun to complain about "Al-Sudani's disregard" of the Shiite bloc, that there is a deal to release those involved in the "theft of the century."

Some parties within the "framework", quoting a political advisor in one of the parties affiliated with the coalition, told Al-Mada that "the release of the accused is a reassuring message to the political parties involved in the theft."

The consultant, who asked not to be named, indicated that: “There are differences within the coordination framework because of the management of the case of theft of the century, the method of combating corruption, and the presence of appointments for some of those accused of the recent changes in senior positions.”

The government, under pressure from parties within the coordination framework, began what was described as a “political cleansing” against employees who worked in the government of Mustafa Al-Kazemi, in preparation for replacing them with others from the Shiite coalition.

And the advisor stated that some Shiite parties "wondered if confronting the corrupt would be confined to the last government without addressing the rest of the files."

And the day before yesterday, the leader of the Wisdom Movement, Ammar al-Hakim, was clear in revealing those doubts that revolve within the Shiite framework.

Al-Hakim said in a political gathering, touching on the issue of combating corruption, that it must: "Go back to the previous files and open them, and target the big heads, whoever they are and for any party they follow."

And it seems that the targeted parties so far in corruption cases are the ones that were in the last government, with some few exceptions, such as the issuance of a recruitment order yesterday, for a former electricity minister whose name was not revealed.

During the previous three governments only, the prime ministers announced the existence of about 108 corruption files with multiple cases.

In the last days of Haider al-Abadi's government, close associates of the latter revealed that he had sent 50 corruption files, which al-Abadi once described as "dangerous" to the Integrity Commission.

As for Adel Abdul-Mahdi, at the beginning of his assumption of office in 2019, he announced the existence of 40 corruption files, most notably oil smuggling, real estate, and border crossings.

And the last prime minister had revealed before that the existence of annual thefts in Iraq estimated at about $ 2 billion.

Abdul-Mahdi said in 2015, when he was Minister of Oil at the time, that: “The total budgets of Iraq are approximately $850 billion since 2003 and to this day (to the year the statement was issued), noting that: “Personal corruption, which some estimate consumes 3% of the total of these figures.” .

In the last Al-Kazemi government, the prime minister said at the time that there were 18 corruption files, and he added to a group of journalists in Baghdad: “If you look at its details, you will suffer a heart attack.”

On the other hand, the latest report of the Integrity Commission had revealed the involvement of 11,605 officials, including 54 ministers, in “corruption” during the past year.

In its annual report, the commission said that “the number of defendants in corruption cases (the nature of which was not specified) amounted to 11,605, and 15,290 charges were brought against them.”

And she added, “Among these 54 ministers and those of his rank (whose names were not specified), 101 charges were brought against them, and 422 defendants with special grades and general managers and those of their rank were charged with 712 charges.”

The authority stated that “632 convictions were issued, including one judgment against a minister, and 42 judgments against 23 people with special degrees, general managers and those of their rank.”  LINK