Samson: Six million employees in Iraq exhaust the state budget with 69 trillion dinars per month
25th August, 2021
Statistics reveal that employee benefits cost the budget about 55-60 trillion Iraqi dinars.
While economic analyzes considered that this amount consumes about 70% of the imports of the Iraqi state, which is already suffering from financial burdens.
Financial experts considered that this is one of the reasons that push the government to keep the dollar exchange rate as it is.
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, had confirmed earlier that the monetary policy of Iraq would maintain the stability of the exchange rate, while noting that the current account of the balance of payments is free of deficit, but rather there is an expectation of a surplus in the future.
The number of government employees is growing terribly, while international reports indicate that the Iraqi employee works only ten minutes out of eight hours, which causes billions of dollars in losses annually due to the large increase in the number of employees.
Mazhar Muhammad Salih, adviser to the Iraqi prime minister for economic affairs, says that the state’s philosophy after 2003 relied on distributing oil revenues to employees, where each employee supports five people with the aim of creating prosperity, but this philosophy in the long run harms the country greatly.
The spokesman for the Ministry of Planning, Abdul-Zahra Al-Hindawi, says that the strategy of the Iraqi state in the previous years was to reduce the high level of unemployment, as each budget in the previous budgets included more than one hundred thousand jobs in government departments. He pointed out that the current number of employees exceeds six million, including civil servants, security men and retirees. LINK
Samson: Erbil arrests 7 groups .. The Libyan dollar exacerbates the fraud and swindling operations in the Kurdistan Region
25th August, 2021
The Police Directorate of Erbil Governorate, the capital of Kurdistan Region, announced on Wednesday the arrest of 25 people, representing 7 groups, involved in defrauding people in the name of the Libyan dollar.
Erbil police spokesman, Hawker Aziz, said in a press conference held today and attended by Shafak News Agency, that 7 groups, including 25 people, accused of committing 35 crimes were arrested during this period, stressing citizens not to be deceived by the existence of the Libyan dollar because it is just lies and baseless.
Aziz also announced the statistics of the past six months, saying that 7,981 crimes were committed in Erbil during that period, 7,309 of them were resolved, or 92%, adding that 2,755 suspects were arrested.
In addition, 314 suspects who committed crimes in other provinces of the country were arrested and then headed to Erbil. They were arrested and referred to the places from which they came to receive their just punishment, according to the police spokesman.
The police of Erbil, the capital of the Kurdistan Region, had arrested at different times four gangs trying to defraud citizens by camouflaging them by selling them “Libyan dollars”. And the Libyan ambassador, in an interview with Shafaq News Agency, was, “Many people who talk about the frozen dollar, and it is always followed by the name of a country, and I do not care in this regard what is attributed to this or that country, but it is my duty to stop at what is falsely called (the dollar). Libyan frozen).
Al-Said explained, “Libya’s money from foreign exchange, whether the dollar or other, is in an impenetrable fortress and far from tampering, and since the declaration of independence until today, the Central Bank of Libya has preserved state funds from various cash baskets that are accepted and dealt with from looting, theft, or seizure.”
The Libyan diplomat pointed out that “what is said and rumored about the existence of a frozen Libyan dollar are lies (made outside Libya) by cross-border crime organizations and groups, and their goals are to lure the simple, the naive and the fools, to loot their money in a form of fraud and deception.”
Al-Said Ali Al-Said sent a message to the Iraqi people, in which he said, “I warn my loved ones of the people of Iraq, not to run after these nonsense and what social media platforms are circulating in this regard. Libby.” LINK
Walkingstick & Frank26: The ATM machines and these [new denomination] notes…that are going to be arriving at banks very soon, it’s all being coordinated. They’re pushing the citizens to get into the banks to open up accounts...the [new note] ‘specimens’ are not for the ATM machines. That’s why they’re not in there. They’re not legal tender…