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Dinar Updates Wednesday Late AM Chat 12-28-16 Part 1 of 2
loop says():Hakim: those who reject the settlement offer an alternative
Il Giornale Hakim: those who reject the settlement offer an alternative ... follow
1bobby says to loop():GM Loop. Appreciate all the effort
loop says():Hakim is saying you don't like the settlement that I put forward bring an alternative. In other words... Put up or shutup you obstructionist scum.
loop says():North Bank is due to the exercise of its activity and enter the currency auction
Economy News / Baghdad ...Iraqi Central Bank announced on Wednesday, for the return of North Bank to exercise its activity and entering the auction currency.
According to a statement of the bank "Economy News" received a copy of it, he was "given to comply with the north bank of the requirements set by the Central Bank of Iraq, which, it has issued a Board of Directors' decision to grant the bank said the opportunity to return to practice normal that the activity adhere to all standards set by the bank."
larrykn says():I see they moved parliment up to the 2nd, I guess they are in a hurry too :)
1bobby says to larrykn():GM
1bobby says to larrykn():Is that when the term begins?
larrykn says to 1bobby():gm buddy hows it going :)
loop says():Yesterday 3 private banks were put into tutelage, because irregularities were detected. Then today the North bank is returned to normal practices.
larrykn says to 1bobby():Parliament sets the second of next month as the date for the start of the second legislative term
Author: NS Editor: NS 28.12.2016 14:34 Long-Presse / Baghdad
Select the Iraqi Council of Representatives, on Wednesday, the second day of the month next January 2017 as the date for the start of the second legislative term.
A statement by the Presidency of the Council of Representatives, received a (long-Presse), a copy of which, "The Legislative Chapter II of the House of Representatives will begin on Sunday, the (2 January 2017)," noting that "the date of the first meeting of the Council in this chapter will be on Tuesday the (10 of the month of January 2017), at 11:00. "
The House of Representatives decided to end the legislative term of the first third legislative year in the seventh month of December last and raise its for a month, after the approval of the general budget for 2017.
larrykn says to 1bobby():well don't over do it you know at our age to much can be dangerous lol
loop says():Integrity court to prevent the theft of hundreds of billions and address the imbalance in the developed banking system
Local Since 12/28/2016 13:36 pm (Baghdad time)
Baghdad balances News
Specialized issues the court revealed integrity in Baghdad for its investigation results regarding the theft of large sums of over breaches of the banking system developed, and recounted how the involvement of employees , officials , including so- called "electronic clearing" in operations to withdraw money Taip under the instruments do not carry balances some of which led to the bankruptcy of some banks .
He said the first court of inquiry integrity judge in Baghdad , Mohammed Salman said that " the elimination of the Iraqi and through the procedures dealt with electronic clearing work for the problems of banks , whether civil or governmental organizations ."
He said Salman, that "dealing with the system caused the loss of a lot of money as a result benefit from the breaches that were getting in."
He explained that " the amount of what was to stop him and prevent stolen during the last term of up to 800 billion dinars , both from the Rasheed Bank or Iraq and in coordination with the relevant authorities."
In contrast, he stressed the importance of the electronic clearing, and promise "of the systems developed very being handled under the domestic level only."
He spoke about the "big positives achieved by the system of the Iraqi banking, but for the rig personnel led to a theft."
Salman said that "investigative procedures found cases of open current accounts mostly among government banks free of the amounts required to be converted."
And goes that "people will give the instruments to others for the purpose of dispensing may be , including an actual business deal or collusion with the drawer," Msttrda that " the beneficiary of the instrument is a filing with the account in one of the private banks or the government after receiving the value of the bank to send the instrument electronically to the drawer bank" .
He noted that " the duty falls to the bank to verify the fact that the drawer has a balance The amount of the instrument or not the notice of the drawee bank upon this," warning that " the notice must be obtained within three days if expired without the receipt of Answer is the instrument considered accrued to the bank It offers him this instrument, which is obliged to pay the amount. "
He pointed out that " the gap is limited at this time that he used some of the staff of the accomplices of thieves looted public money."
For his part, the prosecutor finds in the presidency to resume Baghdad / Rusafa judge Haidar Hisham in a statement published in the judiciary, that "crime will not be realized without the complicity gets from the employee responsible for the clearing of electronic bank robber who purports to drag him."
Hisham said that " the judiciary turned to breaches in the system and has taken actions against those responsible , whether thieves or corrupt officials." It ended 29 / D 24
loop says():Iraq and Kuwait sign four strategic agreements
Il Giornale 15 minutes ago Add comment 3 Visit
Iraq and Kuwait sign agreements on 4 strategy followed ..
loop says():Integrity announces the restoration of more than 10 billion dinars stolen from a government bank
Twilight News COI / said on Wednesday recovered more than ten billion dinars to the state treasury was stolen from a State-owned banks through the manipulation of electronic clearing procedures.
According to the Directorate of achieving Baghdad belonging to the Integrity Commission said in a statement responded to the Twilight News, that "the investigations in private accused of stealing criminal case (Kh.t.m) and (A.l.k) amounts attributable to (Rafidain Bank - the role of the officers / 69 branch banks eligibility) led to the recovery of the amount (10,981,398,000) ten billion nine hundred and eighty-one million, three hundred and ninety-eight thousand dinars to the state treasury. "
She added that "the results of investigations conducted by the department in the case, resulted in the issuance of an arrest warrant against the accused, as has been the arrest of the first suspect in the case (Kh.t.m) who has to pay the amount recovered in cash plus the amount of delay penalties, while still Search the competent authorities was under way for the second defendant (A.l.k). "
It pointed out that the investigations department in the board integrity had begun investigating the cause of more than twenty-one billion dinars from the state's Rafidain Bank of theft had been stolen through the manipulation of customers Zbonin bank electronic clearing procedures with a number of private banks.
It is worth mentioning that the Integrity Commission had announced on Tuesday for the recovery of its office in Al-Muthanna province, nearly one billion dinars for the issues made them included a general amnesty law.
digiman1 says to loop():someones either really desparate or really stupid...
digiman1 says to loop():or both...
loop says to digiman1():What reall encouraging is that they seemed to be very serious about cleaning up the banking industry.
loop says to digiman1():What is really..
digiman1 says to loop():its easy now that everything isnt cash-based....
loop says():Oil consolidating near its highest level since mid-2015
Twilight News / Oil prices rose on Wednesday for the fourth consecutive session, approaching the peak recorded in mid-2015, while the market awaits the planned reduction in production in the Organization of Petroleum Exporting Countries indicators levels (OPEC) at the beginning of the new year.
It was trading global London Brent crude futures, up 12 cents to $ 56.21 a barrel by 1248 GMT. Brent reached 57.89 dollars a barrel on Dec. 12, the highest level since July, in July 2015.
And increased US West Texas Intermediate crude rose seven cents to $ 53.97 a barrel, near its highest level this year, which amounted to $ 54.51 per barrel on 12 December.
And increased oil prices 25 percent since mid-November with the support of the expectations of OPEC output cut US economic data and strong also boosted stock prices.
It is expected that dealings remain thin this week before the holiday beginning of the new year.
The market awaits the official start of the implementation of the historic agreement between OPEC and a number of independent producers on reducing production. It is scheduled to begin implementation of the agreement on the first of January.
It is expected to reduce the producers inside and outside OPEC production by about 1.8 million barrels per day agreed in Saudi Arabia - OPEC's largest producer - to shoulder the lion's share of this reduction.
He said Iraqi Oil Minister Ali Jabbar Allaibi on Wednesday that his country, which has achieved rapid growth in production during the past two years, will cut production by between 200 and 210 thousand barrels of oil per day with effect from January.
loop says():Saleh renewed his warnings about the pension fund regrets for "interpretation" wrong
Author: AB, ZJ Editor: AB, BK 12.28.2016 17:47 Long-Presse / Baghdad New financial advisor to the Prime Minister Haider al-Abadi, warning of the possibility of "bankrupt" the pension fund in the long term, while he regretted the interpretation of previous warnings on this file "is incorrect and misrepresentation of his remarks."
He said the appearance of Mohammed Saleh, in an interview to the (long-Presse), "The National Pension Fund is a sovereign wealth," noting that "there are many laws and embarked eventually become gradually gobble up the Fund's resources without the contributions increase investment returns."
Saleh added that "eating the reform of the pension fund and the invitation file to create a pension fund united in solidarity with the private sector has been by him two months ago, where he was warning of the bankruptcy of the fund in the long term if the situation remains as it is, without reform," and expressed regret "to explain his remarks that incorrectly."
He was the financial advisor to the prime minister, said in an interview with the (long-Presse), in (the 27 of November 2016), The years after 2003 saw a large number of the beneficiaries of the pension fund from those who were not with previous contributions to the fund, noting that led to a decrease in contributions to the pension fund, making it "a real bankruptcy concerns."
The retired state employees fund, established under Article 18 of the Unified Retirement Law No. (27) of 2006 amended, and is linked to the national retirement Authority.
The Fund shall, under the law, the task of identifying departments and people who have to pay the arrests pensions and their data collecting and recording data on circles of various state and personal data and data business, jobs, management and updated to ensure accuracy, reliability and the collection of arrests pensions from all state departments and its various institutions
and symbols allotted the numbers for all state employees and ensure archiving and secure all data for data protection and subscriptions collection system, according to the software and systems calculator and determine the amounts to be collected from the state departments and determining the shortage or increase in the amounts sent and issuance amounts due notices,
as well as the registration and collection of all amounts received by the Fund's account, as well as received and deducted 7% of the monthly salary of the employee to calculate the arrests pensions and pay employee circle 12% of the employee's salary to calculate monthly pension arrests these amounts are sent to the state employees retirement fund in turn, an important pension insurance.
Iraq has suffered from a severe financial crisis as a result of the deterioration of oil prices, the war being waged against terrorism, which forced him to take a series of austerity measures, and recourse to borrowing from state agencies, especially the International Monetary Fund and the World Bank.
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