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More Iraqi News Saturday PM 9-12-20

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{Euphrates News} publishes the draft budget for 2020 .. How deficient it is and what is the region’s share?

Time: 09/11/2020 23:09:07 Read: 14,144 times   {Baghdad: Al Furat News} Our agency publishes the draft federal budget bill for 2020.   The total revenues of the budget amounted to 67 trillion and 425 billion and 220 million and 454 thousand dinars.

Estimated revenues from exporting crude oil were calculated on the basis of an average price of 40.51 dollars a barrel and an export rate of 3 million and 332 thousand barrels, including 250 thousand barrels per day for the quantities of crude oil produced in the Kurdistan region on the basis of the exchange of 1182 dinars per dollar.

The 2020 budget deficit is more than 81 trillion dinars. According to the draft budget, the region’s share of it is 12.67%. LINK

A Member Of Parliamentary Finance Reveals The Kurdistan Region’s Share Of The 2020 Budget

Saturday 12, September 2020 13:07 | EconomicalViews: 137   Baghdad / NINA / The deputy of the Patriotic Union of Kurdistan, a member of the Parliamentary Finance Committee, Sherwan Mirza, revealed the share of the Kurdistan region in the federal budget for the year 2020.

Mirza said in a statement carried by the union website that “the share of the Kurdistan region in the federal budget for the year 2020 is 12.67, which is estimated at about More than 12 trillion dinars. ”

He added, “The salaries of the Peshmerga rose in the 2020 budget to 76 billion dinars, meaning that the annual allocations of the peshmerga salaries will be 912 billion dinars.”

Mirza added, “This agreement between the federal government and the Kurdistan Regional Government is a good agreement and is in the interest of both sides, and the matter remains dependent on the vote on the budget in the House of Representatives.” / End 10    https://ninanews.com/Website/News/Details?key=856005

Economist: Reviving The Silk Road Project From China Through Iraq Achieves More Oil And Gas Resources

Saturday 12, September 2020 12:08 | EconomicalViews: 170

Baquba ( NINA ) Economic specialist Jamal Shaker confirmed that most of Iraq’s resources are not properly utilized and that they can be used to maximize the country’s resources and be an alternative to oil.

He told the correspondent of the Iraqi National News Agency ( NINA ) today that the current stage the country is going through is dire for the need to activate and diversify the financial resources, foremost of which is the provision of natural gas in huge quantities that exceed what some Arab countries possess, and there are fields discovered in Anbar and Diyala that are not exploited. In addition to the untapped phosphate, Iraq must have a balanced line between revenues and expenditures.

He added that reviving the Silk Road project from China through Iraq to be an outlet across the world, this in itself will achieve more resources than oil and gas, but there is complicity to abort this vital project. Indicating that the land roads are a focal point for activating the economic movement in the ease of transporting goods and products, including internal and external, and that most of the neighboring countries are linked by land roads that serve the Iraqi economy.

https://ninanews.com/Website/News/Details?key=855984

A Kurdish Warning About The Economic And Financial Collapse Of Iraq

Political   Saturday 12 September 2020 | 03:13 pm| Views: 138   The former deputy and Kurdish leader, Majid Shankali, confirmed that Iraq will collapse economically and financially if the budget continues in this way .

Shankali said in a tweet on “Twitter” that “the 2020 budget deficit is close to 81 trillion dinars. If the situation continues in this way, Iraq will witness an economic and financial collapse within a short period .

“Selling oil and borrowing to pay salaries and expenses cannot be called government achievement, ” he said. ” Reform requires the radical eradication of corruption and not a conservative treatment of its complications .”

https://aynaliraqnews.com/index.php?aa=news&id22=138517

Economic Expert, “Al-Ahd News”: These Are The Details Of Iraq’s Internal And External Debt

Author: Ahad6 On 9/12/2020 – 1:45 PM 86   The economic expert, Salam Sumaisem, revealed that the total debt of Iraq is still about 43 billion dollars, indicating that it rose to nearly 60 billion dollars, which is the internal debt, whether in cash or in return for a guarantee to pay the debt from the Ministry of Finance.

Sumaisem said, “to Al Ahd News”, that “the internal process between the Ministry of Finance and the government banking system in the Rafidain and Rasheed Banks, the Iraqi Trade Bank, and the Central Bank of Iraq to collect (60 + 43 + 25) = 128 billion dollars.”

She explained, “1- $ 25 billion foreign debts, most of which are sovereign, payable during 2020-2028, which are the remnants of the Paris Club debt settlement with debts in 2016 and borrowing from the capital market.”

He added, “There are sovereign debts to a group of countries outside the Paris Club agreement in 2004 and are subject to the terms of the agreement and go back to years before 1990, which requires writing off 80% or more.”  LINK

Deputy: The American Withdrawal From Iraq Will Leave A Great Void, And The Government Must Realize That

The representative of the Iraqi Forces Alliance, Raad Al-Dahlaki, said today, Saturday, September 12, 2020, that the withdrawal of US forces from Iraq will leave a great void, and the government must realize that.

Al-Dahlaki said in a press statement, “The survival or withdrawal of US forces from Iraq is with the approval of the Iraqi government,” expressing his hope that “this withdrawal will not be a step backward to put Iraq under a new experience, as it did previously when the American forces withdrew and ISIS entered.”

The deputy added, “The American forces must bear the responsibility for their withdrawal if there is a breach or there is a scenario that is to be implemented,” noting that “the Iraqi government must be well aware that the withdrawal of American forces will leave a great void in terms of counseling, training and diagnosing the enemy’s movement from ISIS.” And other things, so it must close this gap and it must cover this vacuum and work to provide security and safety. ”

“We are in a very difficult time and we need everyone’s unity and everyone’s assistance in eliminating ISIS and confining weapons to the hands of the state, which has become a very dangerous threat to Iraq,” he said.

On Friday (September 11, 2020), US President Donald Trump announced in a press conference that “the United States will reduce its forces in Iraq to two thousand soldiers within a very short period of time.”

The US military had announced earlier that it would reduce the number of its personnel in Iraq from 5,200 to three thousand, giving an official status to a move that was long expected.

The Commander of the US Central Command, General Kenneth McKenzie, said yesterday that the American bases in Iraq were attacked in the first half of this year more than what happened in the first half of last year.

“We have been subjected to indirect fire attacks around our bases in Iraq in the first half of this year more than what happened in the first half of last year,” MacKenzie said in a press statement, noting that “the attacks have not killed any people, and this is a good thing, but they are continuing.”

He added, “The frequency of attacks has increased, but the total number of rockets in each attack is generally less,” pointing out, “We know that they have very good weapons systems and do not use their advanced weapon systems. They use things like 107 mm rockets and mortars, which are It is not as advanced as some of their other weapons systems. ”   https://www.radionawa.com/all-detail.aspx?jimare=21891

The Central Bank denies the existence of money laundering operations in Iraq

Editing date: 9/12/2020 13:43 • 105 times read   Where News _  Baghdad The Central Bank of Iraq denied, on Saturday, the existence of money laundering operations in Iraq.

The Director General of the Accounting Department at the Central Bank, Ihssan Shamran, said, according to government media, that “there are no systematic money laundering operations, and there are no markets specialized in this matter as well,” pointing out that “any practices in this regard, and if any, are limited.” Suspect

Shamran added, “There are media organizations that want to harm the Iraqi economy, the reputation of regulatory institutions, and keep investors away by creating the impression that the security of transactions, institutions and funds is weak so that they avoid dealing with Iraqi institutions and the Iraqi economy.”

He explained, “He called for “the necessity of responding to such allegations aimed at discrediting the Iraqi economic establishment,” noting that “cases of money laundering are widely spread in the countries neighboring Iraq.” http://www.alliraqnews.com/modules/news/article.php?storyid=100050

The Central Bank Denies The Existence Of Money Laundering Operations In Iraq

Economy  Saturday 12 September 2020 | 01:41 PM| Views: 192

The Central Bank of Iraq denied, on Saturday, the existence of money laundering operations in Iraq. The Director General of the Accounting Department at the Central Bank, Ihssan Shamran, said, according to government media, that “there are no systematic money laundering operations, and there are no markets specialized in this matter as well,” pointing out that “any practices in this regard, if any, are limited.”

Shamran added, “There are media organizations that want to harm the Iraqi economy, the reputation of regulatory institutions, and keep investors away by creating the impression that the security of transactions, institutions and funds is weak so that they avoid dealing with Iraqi institutions and the Iraqi economy.”

He explained, “The money laundering process is carried out through practices that appear to be normal and legitimate, such as someone importing goods into Iraq and then selling them at cheap and striking prices in order to deliver money to certain destinations that are difficult to transfer, but these operations are very limited.” Called to ”   https://aynaliraqnews.com/index.php?aa=news&id22=138511

Tobyboy:   Thats a real crock of * and wrong . THis guy knows there are lots of corruption in the CBI just trying to save grace for the CBI. The corruption been going on for years through the CBI as well as having a corrupt temp CBI governor put in place by Maliki. Hopefully this governor gets replaced soon so they can move forward.

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