Iraqi News Sunday AM 10-2-22
Tlm724 Administrator Bondlady’s Corner
Abdul Hassan Al-Shammari To / Nina /: Printing A New Currency .. Administrative Corruption And Waste Of Public Money
Sunday 02 October 2022 14:43 | Economic Number of readings: 214 Baghdad / NINA / – The economic expert, Abdul Hassan Al-Shammari, considered the intention of the Central Bank of Iraq to print a new currency in the category of 20 thousand dinars .. administrative corruption and waste of public money.
He told the National Iraqi News Agency ( NINA ) that printing a new currency is not economically feasible because the existing currencies are completely sufficient.
He continued, “The printing will cost hundreds of millions of dollars, and this is a waste of public money.”
Al-Shammari considered that the purpose of printing is to put the name and signature of the new governor only because the currencies in circulation are in the names and signatures of other governors.
And the Governor of the Central Bank, Ghaleb Mukhaif, said in a press statement: We are currently working on completing the design of a new currency of 20 thousand dinars, after a series of practical studies to unify the Iraqi currency, and it will be announced after completing its printing in the future. / End 3 https://ninanews.com/Website/News/Details?Key=1003881
Economist For / Nina /: Printing A New Currency Has Its Advantages And Disadvantages
Saturday 01 October 2022 19:16 | Economic Number of readings: 632
Baghdad / NINA / – The economic expert, Jalil Al-Lami, confirmed that printing a new currency has its advantages and disadvantages.
He told the National Iraqi News Agency ( NINA ) that the Central Bank of Iraq’s resort to thinking of printing a new currency of (20) thousand dinars aims to support commercial markets in the local currency and to activate these markets and increase the purchasing power of the citizen and apply the experience of neighboring countries with the diversity of monetary categories used by them.
Al-Lami added that on the other hand, this step has many disadvantages, foremost of which is a rise in inflation rates, a rise in the prices of goods and services, and a decline in the value of the dinar against foreign currencies.
And the Governor of the Central Bank, Ghaleb Mukhaif, said in a previous statement: We are currently working on completing the design of a new currency of 20 thousand dinars, after a series of practical studies to unify the Iraqi currency, and it will be announced after completing its printing in the future. / End 3 https://ninanews.com/Website/News/Details?key=1003740
US Report: Iraq Lost 551 Billion During The Maliki Era
Posted On2022-10-02 By Sotaliraq According to an American report, Iraq lost $551 billion during Nuri al-Maliki’s presidency of the government over two terms due to corruption.
A report by the American (Chatham House) Institute, which was followed by (Al-Mada), stated that “the wave of violence witnessed by the Green Zone in Iraq attracted the world’s attention, but its roots extend to the conflict that has not reached a solution until the present time.”
The report added, “Iraq, two decades after the change of the previous regime, was never free of conflict.”
He stressed, “The violence is linked to corruption in key sectors and harms the Iraqis daily,” stressing that “the country lost about 551 billion dollars during (the era of Nuri al-Maliki’s presidency of the government); Between 2006 and 2014 due to corruption.”
The report pointed out that “the ruling elites depend on corruption through the power-sharing system to benefit from the wealth and budget estimated at $100 billion annually.”
He stressed that “those huge budgets have not succeeded in providing basic public services because of corruption.”
And the report went on, “Iraq does not have clean water and most of the medicines have exceeded their expiry date, and these factors helped the country to be one of the lowest life expectancy in the world.”
Integrity: Cases Of Fraud And Bribery Were Seized In Government Banks In Two Governorates
Today, Sunday, the Integrity Commission announced the implementation of four seizures in government banks. The Commission’s Investigation Department stated, in a statement, that “the Baghdad Investigation Directorate’s work team was able to arrest two suspects in flagrante delicto of receiving bribery sums of money from a number of Agricultural Bank auditors, in exchange for carrying out agricultural contracts transactions, for the purpose of obtaining loans from the bank,” indicating that “The origin of those contracts has been seized.”
She added, “The Diyala Investigation Office team carried out three seizures in the Agricultural and Al-Rasheed banks in the province,” pointing out that “the team carried out two separate operations in the Cooperative Agricultural Bank in the province.
During the first operation, forged guarantees and pledge bonds were seized in the bank branch in Heb To grant a loan of (70,000,000) million dinars to one of the borrowers, in return for paying a sum of money (bribe) to employees working in the bank.”
She noted that “some bank employees passed a loan transaction in the name of a citizen and disbursed the amount, without his knowledge or approval.”
The statement continued, “The team monitored fraud at Al-Rasheed Bank – Ashnona Branch, represented by the bank granting a clearance to one of the borrowers for repaying the value of the loan received by him, despite the presence of unpaid amounts of the loan in his possession.”
https://www.radionawa.com/all-detail.aspx?jimare=31449
A Parliamentary Request To Withdraw The Hand Of The Head Of The National Investment Commission Due To Corruption And Endangering The Lives Of Citizens
Sunday 02 October 2022 14:14 | General Number of readings: 231 Baghdad / NINA / – The Parliamentary Integrity Committee submitted an official request to the Prime Minister in the caretaker government, Mustafa Al-Kazemi, to withdraw the hand of the Chairman of the National Investment Commission due to corruption and endangering the lives of citizens, after the incident of the collapse of the National Laboratory building near Al-Wathiq Square in the Karrada neighborhood in Baghdad./ finished 5 https://ninanews.com/Website/News/Details?Key=1003925
The Appearance Of Muhammad Salih To / Nina /: Issuing A New Denomination Of Currency .. Improving The Efficiency Of The Monetary System
Sunday 02 October 2022 09:28 | Economic Number of readings: 406
Baghdad / NINA / – The financial expert, advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed: The issuance of a new category of currency… is an improvement in the efficiency of the monetary system.
He told the National Iraqi News Agency ( NINA ) that the issuance of a new category for cash circulation, especially a category that is not very high, does not mean that it is an expression of inflationary conditions, but rather it is a measure to improve the efficiency of the performance of the cash payments system in the country with intermediate currencies that serve the speed of monetary exchange and facilitate the settlement of transactions and payment methods within the community. Economic.
Saleh added: The announcement by the Central Bank of Iraq of the imminent issuance of a category of twenty thousand dinars, comes within the framework of improving its policy in managing the cash payments system in the country, which required through experience the need to issue a category (intermediate currency) divisible by two to facilitate cash payments (not large). ) within the country’s monetary system.
And the Governor of the Central Bank, Ghaleb Mukhaif, said in a press statement: We are currently working on completing the design of a new currency of 20 thousand dinars, after a series of practical studies to unify the Iraqi currency, and it will be announced after completing its printing in the future. / End 3 LINK
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