Iraqi News Highlights Monday Evening 11-14-22
Tlm724 Administrator Bondlady’s Corner
Government Official: The Return Of The Rise In Dollar Prices Due To The End Of The “Rumors” Of Speculators
Economy breaking General budget Central Bank of Iraq The rising price of the dollar
2022-11-13 08:22 Shafaq News/ a government official confirmed, on Sunday, that the rise in dollar prices again is due to the end of rumors and assurances of the central bank.
The official said in an interview with Shafaq News Agency that “the end of the rumors promoted by some speculators and dollar traders about the government’s quest to reduce the price of the dollar,
as well as the assurances of the central bank to stabilize the exchange rate in order to maintain the stability of the Iraqi market led to a gradual rise in the price of the dollar over the past days.
The official, who preferred not to be named, added that “any adjustment to the dollar exchange rate within the budget policy being prepared for 2023 has not been touched upon so far,”
pointing out that “any change in the exchange rate needs to be studied,
pressure on operating expenses and diversification of the economy, which cannot be started at present.
UNAMI: Iraq Should Not Be Used As An Arena For Settling Scores
Today, Monday, the United Nations Assistance Mission for Iraq (UNAMI) condemned the Iranian attacks on the Kurdistan Region, while stressing that dialogue is the way forward.
The mission said in a tweet, “We condemn the renewed Iranian attacks with missiles and drones on the Kurdistan Region, which violate Iraqi sovereignty.”
She added, “Iraq should not be used as an arena for settling scores, and its territorial integrity must be respected,” noting that “dialogue between Iraq and Iran on common security concerns is the only way forward.” https://www.radionawa.com/all-detail.aspx?jimare=32144
After The Demonstrations In Front Of The Central Bank.. Disclosure Of The Fate Of Depositors’ Funds In “Bankrupt” Private Banks
1,491 economy 2022/11/14 19: 18 hs Baghdad today-Baghdad The Economist, Salam smeism, on Monday, the Central Bank of Iraq, responsible for the return of depositors’ funds in private banks, which declare bankruptcy from time to time.
“According to the laws and economic norms, the central bank is considered the legal and legitimate reference for all government and private banks, and it is the one who grants banks permission to practice banking,” smeism told Baghdad today.
“The central bank is the guarantor of all banks operating in the country, and it is he who requires these banks to have working capital,
so the central bank must cover the losses of bankrupt banks, and return citizens’ money,” she added. Smeism continued,
“Recently, a bank deposit insurance company was established, which is supposed to cover 75% of depositors’ deposits in banks,”
explaining that “the recurrence of banking crises destabilizes confidence in the banking system in Iraq.
A number of citizens demonstrated, on Monday, in front of the Central Bank of Iraq, to demand their money deposited with al-Warka National Bank, after it declared bankruptcy.
Integrity: (46) Arrest Warrants And Summonses Were Issued Against Senior Officials During October
Money and business Economy News-Baghdad The Integrity Commission announced the total of arrest and recruitment orders issued and executed against senior officials and high-ranking officials for the month of last October.
The Commission’s Investigation Department reported that the judicial authorities issued (46) arrest warrants and summonses; Against the background of cases investigated by the commission’s investigation directorates and offices in Baghdad and the governorates and referred to the judiciary, noting that those orders issued against (41) high-ranking officials for the period from (1-31/10/2022), were distributed between (9) Arrest warrants, and (37) summonses.
The department added that the arrest and recruitment orders issued and executed were issued against (2) members of the current parliament, a current minister, (3) former ministers, and a current deputy minister.
She explained that the orders also included a current governor, (5) former governors, and (4) former members of provincial councils, as well as (10) current general managers, (9) former, and (5) former general managers. 95 . views Added 11/14/2022 – 1:07 PM Update 11/14/2022 – 5:15 PM
Jamal Al-Karbouli Calls For Opening The Black Box Of Corruption In Iraq
Politics , 2022/11/11 19:20, number of readings: 384 Baghdad-Iraq today: The head of the solution party, Jamal al-Karbouli, on Friday, to open what he described as a ”black box” to reveal corruption in Iraq with names and information.
Karbouli said in a tweet on Twitter that “to know the full picture of the corruption pandemic that has hit Iraq, it is necessary to open the files of government and private banks, foremost of which is the Iraqi Trade Bank TBI”.
Al-Karbouli added that this bank “is the black box that will reveal all the names and information“.
Salary Payment Mechanism System Reform (Salary Localization Project)
November 13, 2022 In order to organize electronic payment operations and in order to
support the salary localization project and ensure the provision of the best banking services at the most appropriate prices and not prejudice the rights of the beneficiaries of the above project,
it was decided to oblige the banks participating in the salary localization project to the following:
The validity period of the electronic payment card that will be issued for the benefit of customers benefiting from the salary localization project (3) shall be a minimum of three years.
The SMS service is optional and the spending entities are informed of the amount and time of the deduction, provided that the last beneficiary (employee/pensioner) receives the written consent to benefit from the service.
The commissions charged to all customers benefiting from the salary localization project will be as shown below:
A – Account Management Commission and salary increase commission combined with a maximum of (2,000) dinars (two thousand Iraqi dinars) per month.
B-the commission for issuing an electronic payment card (issued for the first time) with a maximum limit of (15,000) dinars (fifteen thousand Iraqi dinars).
C – the commission for reissuing the card (damaged or lost) with a maximum limit of (25,000) IQD (twenty-five thousand Iraqi dinars).
D – the commission for renewing the issuance of an electronic payment card after its expiration with a maximum limit of (15,000) dinars (fifteen thousand Iraqi dinars).
The above will be complied with and implemented as of 2023/1/1, provided that all spending entities are notified of this. https://cbi.iq/news/view/2125
Reform Of The Payroll Mechanism System (Cash Withdrawal Devices)
November 13, 2022 In order to maintain the integrity and stability of the Iraqi payment system and the salary settlement project,
it was decided to oblige banks participating in the salary settlement project and electronic payment service providers (collectors) to::
- The programs of the salary localization project are not integrated with the cash withdrawal service and are not included in any of the offers provided by the banks participating in the salary localization project and electronic payment service providers (collectors).
- The commission for cash withdrawal through cash withdrawal devices (POC) is fixed at (6) per thousand and with a minimum of (2,000) Iraqi dinars deducted from the cardholder at the moment of making the cash withdrawal and is visible in the customer’s bar.
The above will be complied with and implemented as of 2023/1/1, with the need to make customers aware of this.
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