BondLady’s Corner

  In Bondlady’s Corner

More Iraqi News Monday PM 11-16-20

TLM724 Administrator BondLady’s Corner

Parliamentary Finance: Iraq’s wealth abroad amounts to $ 87 billion

Money  and business  Economy News _ Baghdad  A member of the Parliamentary Finance Committee, Thamer Theban, revealed, on Monday, the numbers of the amount of money and real estate in Iraq, which disappeared outside Iraq, stressing that the value of cash outside Iraq amounts to $ 87 billion, except for farms, hotels and real estate.

Theban said in a press interview, “The House of Representatives formed in 2011 a parliamentary committee to count Iraqi funds outside Iraq, to show that 87 billion is the value of cash money.”

He added that “Iraq owns tea and rice farms in Vietnam, Thailand and Sri Lanka. Iraq also owns tourist properties and potato farms estimated at 36,000 hectares,” indicating that “Iraq has first-class restaurants and hotels in Spain, Italy and France, and most of these tourist facilities are rented.”

Theban, a deputy for the Al-Fateh Alliance, pointed out that “due to the lack of diplomatic representation, Iraq could not claim or obtain its looted property abroad.”   Number of observations 140 Date of addendum 11/16/2020   https://economy-news.net/content.php?id=22715

Parliamentary Finance: Iraq’s wealth abroad amounts to $ 87 billion

10:40 – 11/16/2020  The information / Baghdad ..Member of the Parliamentary Finance Committee, Thamer Theban, revealed, on Monday, the numbers of the amount of money and real estate in Iraq, which disappeared outside Iraq , stressing that the value of cash outside Iraq amounts to $ 87 billion, except for farms, hotels and real estate.

Theban said in a statement to / the information /, that “the House of Representatives formed in 2011 a parliamentary committee to count Iraqi funds outside Iraq to show that 87 billion is the value of cash money.”

He added that ” Iraq owns tea and rice farms in Vietnam, Thailand and Sri Lanka. Iraq also has tourist properties and potato plantations estimated at 36,000 hectares,” indicating that ” IraqHe owns first-class restaurants and hotels in Spain, Italy and France, and most of these tourist facilities are rented.

Theban, who is a deputy for the Al-Fateh Alliance, pointed out that “due to the weak diplomatic representation, Iraq could not claim or obtain its looted property abroad.” https://www.almaalomah.com/2020/11/16/505458/

A parliamentary warning against seizing Iraq’s balance in the Central Bank and banks

Economy   Monday 16 November 2020 | 03:10 pm| Views: 100  The Parliamentary Finance Committee warned, on Monday, against an international seizure of Iraq’s remaining balance in the central bank and governmental and non-governmental banks, following a government move to print the local currency without a parallel balance in the bank .

A member of the Finance Committee, Abdul Hadi Saadawi, said that “the danger facing Iraq at the present time after borrowing is the government’s intention to print the local currency instead of borrowing without a parallel balance .”

He added that “this step will push to seize the money of Iraq in the central bank and governmental and non-governmental banks and freeze it due to the lack of balance,” noting that “this step will paralyze Iraq completely .”

Saadawi said, “The House of Representatives is required to follow up the matter with the government and prevent it from any direction with this step because it has great economic damage to Iraq that is more dangerous than borrowing.” https://aynaliraqnews.com/index.php?aa=news&id22=140888

Parliamentary Finance warns against seizing Iraq’s balance in the central bank and banks

14:40 – 11/16/2020   Information / Special …The Parliamentary Finance Committee warned, on Monday, against an international seizure of Iraq’s remaining balance in the central bank and governmental and non-governmental banks, following a government move to print the local currency without a parallel balance in the bank.

A member of the Finance Committee, Abdul Hadi Saadawi, said to / the information / that “the danger facing Iraq at the present time after borrowing is the government’s tendency to print the local currency instead of borrowing without a parallel balance.”

He added that “this step will push to seize the money of Iraq in the central bank and governmental and non-governmental banks and freeze it due to the lack of balance,” noting that “this step will paralyze Iraq completely.”

Saadawi explained that “the parliament is required to follow up the matter with the government and prevent it from any direction with this step because it has great economic damage to Iraq that is more dangerous than borrowing.” https://www.almaalomah.com/2020/11/16/505516/

Parliamentary Finance warns against seizing Iraq’s balance in the central bank and banks

14:40 – 11/16/2020  Information / Special …The Parliamentary Finance Committee warned, on Monday, against an international seizure of Iraq’s remaining balance in the central bank and governmental and non-governmental banks, following a government move to print the local currency without a parallel balance in the bank.

A member of the Finance Committee, Abdul Hadi Saadawi, said to / the information / that “the danger facing Iraq at the present time after borrowing is the government’s tendency to print the local currency instead of borrowing without a parallel balance.”

He added that “this step will push to seize the money of Iraq in the central bank and governmental and non-governmental banks and freeze it due to the lack of balance,” noting that “this step will paralyze Iraq completely.”

Saadawi explained that “the parliament is required to follow up the matter with the government and prevent it from any direction with this step because it has great economic damage to Iraq that is more dangerous than borrowing.” https://www.almaalomah.com/2020/11/16/505516/

The stock market continues to decline in the second session

Iraq Stock Exchange  Market  Economy News – Baghdad  The stock market index continued its decline, on Monday, in the second session, by 0.75%.

Shares of 9 companies led by the Mosul Bank Company decreased by 7.69%, and the shares of the Islamic Al Ataa Bank Company decreased by 5.88%.

Shares of Dar Al Salam Insurance Company increased by 4.65%, and shares of Elaf Islamic Bank Company rose 4.55%.

During the meeting, 744.6 million shares were traded, worth 509.1 million dinars.

The Bank of Baghdad’s shares were the most traded, with 509.4 million shares traded at a value of 204.3 million dinars. Number of observations 74 Date of addendum 11/16/2020

https://economy-news.net/content.php?id=22720