Iraqi News Highlights Monday Evening 10-31-22
Tlm724 Administrator Bondlady’s Corner
A Leader In The Framework: The Dollar Exchange Rate Will Be Reviewed Within 60 Days
Today 17:59 Information / Diyala. The leader in the coordination framework, Turki Al-Atabi, confirmed, on Sunday, that the dollar exchange rate file will be reviewed within 60 days from now. Al-Otabi said in an interview with Al-Information, that “the dollar exchange rate file and its repercussions are among the major mistakes of the previous government’s policy,
because it did not address its negative aspects on the poor and needy segments, and left the markets without any controls, which led to a rise in prices at high rates that burdened millions.”
He added, “The study of the issue of re-exchange of the dollar is one of the priorities of the Sudanese government.” Prices and protection of vulnerable segments.
Raising the price of the dollar and decreasing the value of the dinar without any controls for the markets has caused prices to rise at high rates, causing great harm to millions of poor people in Iraq over the past months LINK
A Legal Expert For The Tigris: It Is Necessary That The Budget Include Binding Measures In The Event Of A Change In The Dollar Exchange Rate (video)
Policy- 10/31-2022 07:34 PM – Number of readings: 3374
Customs Secretariats Follow Their Tax Sister .. “The Information” Reveals A “Huge” Theft
Today 18:20 information/private. Today, Sunday, a member of the Finance Committee, Sajjad Salem, revealed the theft of new funds from the customs secretariats, while confirming the formation of an investigative committee from the committee to open the theft file.
Salem said in Hadit to “Information”, that “there is a theft of new funds in the customs secretariats, which are estimated at 3 trillion and 800 billion Iraqi dinars.”
He added, “The Finance Committee formed an investigative committee to open the file of the theft of customs funds, find out the circumstances of the incident and reveal the parties involved.”
A member of the Finance Committee explained,
“These deals took place during the caretaker government headed by Mustafa Al-Kazemi, and they will be investigated in order to reveal those involved,”
noting that “there is a judicial investigation regarding the matter to expose all those involved in the theft of the century and customs and hold them accountable.”
Many corruption files were associated with Al-Kazemi’s government, especially in the stage of conducting daily business, which revealed the theft of more than 2.5 billion dollars from tax deposits, which represents the theft of the century, being an unprecedented case in the country, after which it opened many files related to corruption.
Millions of dollars no longer fill the mouths of corruption whales, so they mastered breaking laws and cooperating with some parties and officials to reach astronomical figures that exceeded the budgets of some countries, according to specialists
Economist: There Is No Tendency To Reconsider The Dollar Exchange Rate
Money and business Economy News – Baghdad The economic expert, Basem Jamil Antoine, confirmed that Al-Warqa Al-Bayda was obligated to maintain the dollar exchange rate.
Antoine said that “fuelling the file to reconsider the dollar exchange rate is nothing but an electoral file that was used in a period of time,” stressing that “through economic studies, there is no initiative or tendency to reconsider the dollar exchange rate.”
He continued, “On the contrary, there is confirmation from the governor of the Central Bank and officials specialized in financial affairs that there is no intention to change the dollar exchange rate because this process is all linked to the white paper.”
Antoine added, in a statement followed by “Al-Iqtisad News”, that “the manipulation of exchange rates destabilizes the confidence of foreign investments and companies in economic dealings with Iraq.”
51 . views Added 10/31/2022 – 4:44 PM Update 10/31/2022 – 5:42 PM
Aware / Parliamentary Bloc: There Is Something That Will Prevent The Sudanese From Exposing Corruption
October 30, 2022 11 Views Aa’a/Baghdad/M.A.A On Sunday, the Parliamentary Extension bloc praised the steps taken by Prime Minister Muhammad Shia Al-Sudani, describing them as good.
The representative of the bloc, Haider Al-Salami, said in an interview carried by a reporter (Iraqi Media News Agency / INA), that
“Al-Sudani’s initiative to go to the Integrity Commission and submit his financial disclosure is a positive matter, indicating that
it is not possible to judge Al-Sudani and his government now because it was quotas with distinction, and this This prompted us to take the position of the opposition.”
Al-Salami pointed out, “The exclusion of the disclosure of major corruption files, similar to the tax trusts known as the theft of the century,” because the political quotas in the division of ministries will lead to courtesies and the failure to show corruption files. T/M.M https://al-iraqinews.com/archives/307591
The Dollar Depreciates Against The Dinar
Economie| 10:37 – 10/31/2022 Baghdad – Mawazine News, the dollar exchange rates fell, today, Monday, on the local stock exchange.
And the selling prices of the dollar were 146.100 dinars per 100 dollars, while the purchase prices of the dollar were 146,000 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=209781
After His “Bankruptcy” .. The Central Bank Of Iraq Puts A Private Bank Under Guardianship (Documents)
Economy breaking North Bank bankruptcy declaration 2022-10-30 03:37 Shafaq News/ The Central Bank of Iraq has placed the “North Bank” for Finance and Investment under guardianship after it reached the stage of “bankruptcy”.
According to a document issued by the Central Bank, seen by Shafak News Agency today, Sunday, the bank’s board of directors decided to place the “Al-Shamal” Bank under guardianship, and to designate Muhammad Ali Hussein as a trustee of the bank.
He indicated that the trustee will take legal action against those responsible for wasting and misusing the money of the North Bank.
The Iraq Stock Exchange also sent a letter to the North Bank announcing the suspension of trading of its shares starting from October 31, based on the Central Bank’s letter placing the bank under guardianship.
Article 67 of the Banking Law stipulates that the Central Bank of Iraq shall establish and license a temporary bank based on Article 67 and provide it with capital by the state to obtain all or part of the assets and liabilities of the bank subject to rehabilitation.
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