The "foreign currency auction", which was created after the US occupation of Iraq in April / May 2003, specifically in the year 2004 by the Central Bank of Iraq, represents a new form of the associated process of money laundering in Iraq, economic corruption, and given the importance of this issue and its negative impact on the Menhmk Iraqi economy links for Research
and strategic Studies Centre has obtained a new document with respect to auction foreign currency in Iraq, issued by the Federal Office of control "circle activity auditing financing and distribution," and sent to the General Secretariat of the Council of Ministers, "the public Service commissions" and dated on the fourth of February 2015 m.
Where Subcommittee prevailing on the results of audits of transactions, "the foreign currency auction of the year 2010" in this document for corruption and fraud mechanism that were taking place in the foreign currency auction in Iraq revealed through observations such as, for example, that all the buying and selling of the dollar forms and purchase orders with an auction sessions buying and selling foreign currency are photocopies, not original, and also observed that some remittance companies, banking, dollar-buying of foreign currency auction by more than one bank for the same auction session.
And also observed by the Executive Committee of the sale and purchase of foreign currency to approve the transfer of funds for the benefit of customers of some banks, contrary to paragraph "4" from the Iraqi Central Bank's instructions.
And observed not to attach a list of commercial fundamentalism by private North Bank customer, "Hussein Salim Hussein." And many other observations that reveal the state of corruption in the financial sector in Iraq.
Surprisingly, of those corrupt and who are looting the capabilities of the Iraqi people themselves to the forefront of public affairs of Iraq and speak "sincerely" for the concerns of the Iraqi people and the aspirations of his youth and his problems and propose necessary to solve the solutions, they are well aware that they are an integral part of the tragedies of the Iraqi people,
these financial parasites were becoming financial empires in Iraq is not fertile environment for the financial and administrative corruption in Iraq after the ninth of April / May 2003. Since the modern founding of Iraq, starting with the monarchy "King Faisal I and King Ghazi, the King Faisal II,"
which lasted until 1958, and through the republican system, "President Abdul Karim Kassem, President Abdul Salam Arif and his brother Abdul Rahman Arif, President Ahmed Hassan al-Bakr, and President Saddam Hussein" has not seen the phenomenon of corrupt financial empires, as seen in Iraq after the US occupation for him.
He says the former head of Iraq's Commission on Public Integrity, Moussa Faraj, said that corruption leaders are politicians and government adults, and that this corruption was at the forefront of the reasons that led to the fall of one-third of Iraq, however Daesh, though politicians have reduced the Iraqi people ingredients, and the component parties, the Party of those closest to, and close lining.
Iraq today can not be rescued reforms, even if they exist, because the basis of any real reforms must begin the trial of whales corruption and recover stolen Iraqi funds that made this corrupt heads wealthy. No hope of saving the rest of Iraq, but a purge of corrupt these headers.
Because the center links are always checking the accuracy of the information provided to the reader that he puts his hands that document issued by the Office of Federal Financial Supervisory are as follows:
wymutt says():Good Morning DU: I so appreciate you who keep us informed and make this site available and informed without the "hopium". Helps so much. BGG. Me too!
lets get this show on the road. My husband is looking at surgery next month, would be good to have the opportunity not to rush back to work after surgery. Praying for God's blessing for us here at DU, health and otherwise.
Thank you all for your input and service. I wasn't on for Veterans day, but thanks to all of you Veterans, my son in Iraq included.
woodywoodpecker says():i pray your son will stay safe
dinarmassa says to BGG():Do you see the currency auctions ending, due to the possibility of much more dinars being purchased from outside of IRAQ
Elane says():A member of the parliamentary Economy: 2017 budget to match its predecessor nor the obstacles to be passed
The news agency Buratha 27 13/11/2016
Ruled out a member of the economic and investment commission in Parliament, and there are obstacles to the adoption of the Parliament of the draft federal budget for the financial state of law for the year 2017.
She said Abdul-Karim al-Naqib said "the budget in 2017 is a copy of its predecessors and thus are the same material and ideas and there's just a difference in income, expenditure and deficit figures and therefore there are no any obstacles for approval in parliament after two weeks."
The Captain, "there are no objections on the budget in terms of expenses, revenue, the deficit."
The House of Representatives has ended its session last Wednesday, the second reading of the draft federal budget for the 2017 law, and directed the presidency of parliament parliamentary Finance Committee Bandaj the bill for a vote, in the coming sessions.
The size of the 2017 budget, according to the draft of the law more than 100 trillion dinars deficit by 21%.
He said Parliament Speaker Salim al-Thursday, "The salaries and expenses accounted for 75% of the budget in 2017, and reached the security and defense allocations for 32% of total expenditures in," referring to the "keenness of the House of Representatives to reduce the three presidencies expenses in senior positions in the state."
The draft budget to increase the proportion of deduction from employees' salaries for the expenses of the popular crowd and displaced law to 4.8% of the total salaries and allowances for all state employees and public sector retirees, after this percentage was 3% in the budget of 2016.
Elane says():therefore there are no any obstacles for approval in parliament after two weeks."
BGG says to dinarmassa():I think they will end - but not because of that..
BGG says():Gonna' be a good News Time tonite!!
loop says(): Iraqi-Jordanian talks to build an oil pipeline to the port of Aqaba
By Roudao Iraqi-Jordanian talks to build an oil pipeline to the port of Aqaba
held the Iraqi oil minister , "Jabbar Allaibi" today, Sunday, talks with Minister of Energy and wealth Jordanian Ibrahim Saif in Baghdad, focused on laying a pipeline to transport oil from Iraq to the Jordanian port of Aqaba (Southern Kingdom).
And arrived Jordanian Minister of Energy and Resources, this morning in the capital Baghdad, in the framework of an official visit to meet with his Iraqi counterpart and discuss the shared files.
The Iraqi Oil Ministry said in a statement, said that "Iraq 's oil minister discussed with his Jordanian counterpart a number of oil projects, including the oil pipeline from Iraq to Jordan."
The ministry pointed out that "Iraq is preparing to build an oil pipeline to the port of Aqaba to invest in a way, to be a substitute for the Northern tube line to the Turkish port of Ceyhan."
And it conducted the Iraqi Oil Ministry last year, talks with foreign companies willing to implement a project to extend an oil pipeline from Iraq to the port of Aqaba , a length of more than 1000 km, and energy export one million barrels per day, but did not announce the results of its findings.
From, his part, said Ali Fayyad , head of the Iraqi parliament for oil and energy adviser, today, if security conditions were the reason behind the delay in the agreement to embark on a project of building an oil pipeline to the Jordanian port of Aqaba.
Fayyad added, " The Iraqi government is in dire need of a new port for the export of oil, is through the Jordanian port of Aqaba , " pointing out that " the current phase will see wide - scale moves directly to the stages of the project."
The project consists according to previous comments by Iraqi officials, the stages are (building-operating-delivery) for the pipe extended from the modern city to the port of Aqaba, with the installation of pumping stations along the pipeline.
Also it will create a crude oil depot in the port of Aqaba and piers for loading oil tankers, with developing a gas pipeline facilities to pipe oil, and a third tube up to the blue oil refinery (east) to ensure that the need for Jordan after the operation of the project to import oil.
_firefly_ says():Fast payments - Enhancing the speed and availability of retail payments
November 2016 The Committee on Payments and Market Infrastructures has issued a report on Fast payments. So-called fast payment services make funds immediately available to the payee and can be used around-the-clock, on a 24/7 basis.
As such, they overcome the limitations of traditional retail payment services, namely that usually the funds reach the beneficiary one or more days after the funds are debited in the payer's account, and that these can be initiated only in certain places at certain times.
The report sets out key characteristics of fast payments, takes stock of different initiatives in CPMI jurisdictions, analyses supply and demand factors that may foster or hinder their development, sets out the benefits and risks and, finally, examines the potential implications for different stakeholders, particularly central banks.
8 November 2016
_firefly_ says(): http://www.bis.org/cpmi/publ/d154.htm
subgirl says():Good AFternoon :)
_firefly_ says():The BIS Board of Directors1
Chairman: Jens Weidmann, Frankfurt am Main
Mark Carney, London
Agustín Carstens, Mexico City
Luc Coene, Brussels
Jon Cunliffe, London
Mario Draghi, Frankfurt am Main
William C Dudley, New York
Ilan Goldfajn, Brasília
Stefan Ingves, Stockholm
Thomas Jordan, Zurich
Klaas Knot, Amsterdam
Haruhiko Kuroda, Tokyo
Anne Le Lorier, Paris
Fabio Panetta, Rome
Urijt R Patel, Mumbai
Stephen S Poloz, Ottawa
Jan Smets, Brussels
François Villeroy de Galhau, Paris
Ignazio Visco, Rome
Janet L Yellen, Washington
Zhou Xiaochuan, Beijing
baxter says():I dont understand why the Dinar is clear up to 1300... maybe Bgg Will Explain it... thats going the wrong way..
subgirl says to baxter():good question and yep tonight is newstime with BGG :)
baxter says():yep... thx
subgirl says():Don’t MISS – “DU NEWS TIME” w/BGG & Company – Sunday Nov. 13th 7:30pm EST – In the DU CHAT ROOM!!
Read More :http://www.dinarupdates.com/showthread.php?43594-Sunday-November-13-2016