Post From BondLadys Corner
BLC Admin Tlm724 News & Comments 8-10-16 Part 2 of 2
Parliamentary Finance reveal waste of $ 500 billion during the previous years
Political Since 08.10.2016 at 11:31 (Baghdad time) Special scales News
Parliamentary Finance Committee revealed, Wednesday, wasting $ 500 billion is not known in previous years.
The committee member said Ahmed Sarhan, L / balance News /, "the existence of a large corruption and failure to comply with the laws and the Constitution in financial matters, as well as having a huge waste of public money and disbursement and expenditure of the things that do not serve the people."
And he demanded the government to "limit the practices of some of the staff to act in public money badly, the fact that the money for all, as well as holding accountable those responsible for this waste."
He Ahmad, that "there are significant financial violations and fake projects and anything not implemented them so far, and the money flowing into the pockets of some people."
A member of the Committee, that "it was a waste of $ 500 billion during the previous years were spent in an unknown," and accused the government saying it was "responsible for the loss of such funds" .anthy
From: Issa Hussein LINK
tlm724 "the existence of a large corruption and failure to comply with the laws and the Constitution in financial matters, as well as having a huge waste of public money and disbursement and expenditure of the things that do not serve the people."
500 Billion dollars ! Evil or Very Mad
Iraqi Marshlands civilization fight
Ali Abdul Salman 32[ltr] 08/10/2016[/ltr]
Salam Mohammed Amri Ssalam599@yahoo.com poet said Hussein Nuncio: "I had a cane km chased his mouth because without all of the people was what I south , which sold it in a dish of the victims so as not to worry the leaders" marsh birthplace of the universe, including humans learned to read and write , and was the first pens of cane marshes.
"between the three provinces of southern Iraq, knocked off water bodies since ancient times , the natural spot, visited by migratory species of birds and fish, to eat them Iraqi politicians through the ages, to Ivmwa her family after Hbahm, not for nothing ,
but that most of the rulers, have no respect for assets Iraq and the good of his people, forgetting that the marsh, the source of the Sumerian civilization !.
disavowal of origin noble, it has been neglected, and even distort the reality of their origin, it was described by one Emtemgay Baath book, they are Indians brought them Muslim leader, Mohammad Qasim Althagafi, with animals buffalo, disregard their origins Sumerian, considering them as slaves to the rulers, who ruled Iraq.
Egala in the humiliation of the inhabitants of the marshes, the Baath regime, draining those bodies of water, the burning of reeds and papyrus, to be hanged life in one of the biggest crimes, after the popular uprising in the nineties of the last century. did not silence the people of the marshes,
It is supported by the national parties, and civil society organizations, for historical claim their rights, demanding the return of life, for this historical inheritance, and restore life and take advantage of the enormous wealth.
On July 17th July 2016 approved organization UNESCO to put the marshes within the World Heritage list of international nature reserve in addition to the ancient cities near them , such as Ur and Laredo and the Warka .
Blessed are the descendants of a civilization built Iraq, and congratulations are connected, those who sought to return the right, to the first of the laws passed before the Babylonian Hammurabi, it is the ruling Oornmo.
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tlm724 "marsh birthplace of the universe, including humans learned to read and write , and was the first pens of cane marshes. "
Reed pen found 1896–97 measures approx. 5 3/4 inches and dates from between 30 B.C.–A.D. 364
Land Bank: Stop temporarily transactions for scrutiny and liquidity available to us
Baghdad / long-Presse Announced the Land Bank, on Tuesday, suspended loan transactions on a temporary basis until full are audited transactions, while pointing to the availability of cash in the bank, confirmed that the bank has more than 10 thousand treated so far.
He said the Land Bank director Khudair Abbas , in an interview with ( long - Presse), " The bank will not start to receive any treatment starting from yesterday until the audit of transactions for applicants, where he was to accept the 10080 treated so far , " pointing out that "this ban temporarily."
Abbas added , "we need a period of scrutiny and the provision of liquidity appropriate and make sure from custody and construction operations ", noting that" the money is there and to reassure citizens in this regard. "
He said the real estate bank manager to" spread over fifteen loans conservative and will then be re - resumption of transaction if complete audit transactions, "noting that" the bank has 830 billion dinars new This will lead its obligations towards the citizens. "
a source in the real Estate Bank revealed, on Sunday, that the Bank 's management decided to suspend the granting of loans to citizens transactions until further notice, while attributing the cause to" lack of liquidity ". LINK
tlm724 , "we need a period of scrutiny and the provision of liquidity appropriate and make sure from custody and construction operations ", noting that" the money is there and to reassure citizens in this regard. "
Well BondLady you were right they took the fast track on correcting this :
"your all absolutely right imo, its awesome the bank was put on blast, now the cbi will have to do something, put on a big show to show the people there money is safe an they can retrieve it very soon, an come in with an official audit and give them all the complaint hotlines theve installed, webssites etc,
this type of news will spread quickly ..don't trust...OR ....trust...
I see a lot of behind the scenes things going on and prompt action should follow very soon, if we don't hear any thing more about this, then it was fixed quietly,
if they don't fix it it will roll down hill very fast...
I think they'll fix it and make a production out of it to show the people its ok to bring ur dinar in an let them safe guard it...imo..BL"
The central bank sets standards to meet the purchase of foreign currency by banks
The news agency Buratha 26[ltr] 08/10/2016[/ltr]
The central bank, announced Wednesday, all positioned to meet the criteria for purchase of foreign currency by the banks, and among the institutions that would be classified into several categories, stressed that the failure to meet some of the paragraphs will be the denial of entry of selling currencies window.
The bank said in a statement that "to facilitate the real beneficiaries for the dollar and prevent irregularities in banks and firms conversion approved to comply with the requirements of compliance and the law against money laundering and terrorism financing,
the principles and criteria issues fulfill requests to buy dollars for the benefit of customers from remittances, cash or credit it will rely on the commitment of these banks and the requirements of international standards and comply with the law against money laundering and terrorist financing controls and instructions issued. "
The bank added that "the commitment would depend on the outcome of the Iraqi Central Bank to assess the performance of compliance officers and officials of the units reporting of money laundering and terrorism financing and risk management units have operations,"
Noting that "the assessment will also depend on the extent to comply with the requirements to disclose the sources of funds of customers and verified and documented, as well as the extent of the training programs and courses conducted by these banks and companies effectively."
The bank said that "the assessment will also include the extent of the obligation to disclose the real direct beneficiary of the transfers and letters of credit and the sources of their money,
in addition to countless dealing banks beneficiary messaging abroad seed from one of the international rating agencies, as well as the commitment of these banks and companies conversion to send reconciliations statements of their assets accounts open the Outer banks. "
The bank pointed out that "the assessment will also include the proportion of the use of the style of documentary credits to finance foreign trade instead of money orders, in addition to the completion of the contract tasks with an international audit firms known for an evaluation of their financial positions and the quality of their assets operations,
as well as the extent of the banks commitment to take prompt and effective measures to maintain public deposits and entitlements to be provided upon request and the commitment also sends lists of the names of beneficiaries of dollar-buying currency for the purposes of foreign trade financing to the Central Bank to secure sent to the General Administration of Customs and the General Authority for taxes in a timely manner. "
The bank "stressed institutions from banks and money transfer will be classified into several categories according to the evaluation results that may be obtained and Stalpi applications category that you get a reputation Supreme continuously and at rates higher than the foreign currency,
and will be re-evaluating the levels of these institutions in accordance with those standards every three months or when you get variables in performance with reference to the failure to satisfy paragraph results of the central bank assessment of the performance of compliance and reporting money laundering operations to the denial of access to the window actually officials. "
tlm724 It's about time the CBI cracked down !! They are obviously following direction from the IMF, purse (dollar) strings are getting tight and people are getting caught buying dollars for illegal purposes. I love seeing the CBI put their new regulations into action Wink