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Wednesday, June 7, 2017

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Samson » June 7th, 2017


IMF REACHES AGREEMENT ON STAND-BY ARRANGEMENT WITH IRAQ

7th June, 2017

The Iraqi authorities and an International Monetary Fund (IMF) team reached a staff-level agreement on the second review of the Stand-By Arrangement (SBA) that was approved by the IMF Executive Board on July 7, 2016 (See Press Release No. 16/321).

The SBA aims to restore fiscal and external balance and to improve public financial management while protecting social spending.

Iraq completed the first review under the SBA on December 5, 2016 and received a disbursement of SDR 0.46 billion (US$0.6 billion) (See Press Release No. 16/540). Completion of the second review will release a further disbursement of SDR 0.6 billion (US$0.8 billion).

Mr. Christian Josz, Mission Chief for Iraq, issued the following statement today in Amman:

“The Iraqi authorities and the IMF team have reached agreement on a supplementary budget for 2017, objectives for the 2018 budget, and strengthened procedures to keep expenditure under control. Both the supplementary 2017 budget and the 2018 budget will keep the fiscal consolidation, necessitated by the fall in oil prices, on track, while protecting social spending.

“Once agreed prior actions have been implemented, the IMF Board could consider the second review of the SBA in August.

“During the discussions, the team met with Acting Governor of the Central Bank of Iraq (CBI), Dr. Ali Mohsen Ismail Al-Allaq, Deputy Chief of Staff of the Prime Minister, Dr. Naufel Al-Hassan, Chairman of the Board of Supreme Audit, Dr. Salah Noori Khalaf, Acting Deputy Finance Minister, Ms. Taif Same, Deputy Minister of Planning, Dr. Qasim Enaya, Deputy Minister of Electricity, Mr. Abdel Hamza, Financial Adviser to the Prime Minister, Dr. Mudher Saleh, and officials from the ministry of finance, Central Bank of Iraq (CBI), the Board of Supreme Audit, the ministry of oil, the ministry of planning, the ministry of electricity, and a representative from the Kurdistan Regional Government. The team would like to thank the Iraqi authorities for their cooperation and the open and productive discussions.”

http://iraqdailyjournal.com/story-z15415668

TPNoble » June 7th, 2017

Ring aling ding... ello CBI, Alak speaking... Hey Alak, I have an idea why don't you RV and pay up? You see I'm a problem solver and I'm here to help!

Samson » June 7th, 2017

Jordan demands one billion dollars-debts from Iraq

7th June, 2017

Official Jordanian Central Bank's report said that the Jordanian debts on Iraq reached over one billion dollars, pointing that Amman was unable to get these debts for the last 25 years.

Iraqi officials stated, earlier, that Iraq has no documents on these debts.

The Jordanian Central Bank said that the debt figures reached to 1.08 billion dollars till the end of the last year, 2016.

The bank added that these debts resulted from commercial exchange agreements and the Jordanian government was unable to collect them despite the negotiations between the two sides.

Iraq and Jordan had two protocols, the first was commercial and the second oil one, where Jordan will have its oil needs with preferred prices and exporting Jordanian commodities to be paid from Iraqi oil shipments.

The two countries held a number of negotiations to close this financial dossier, but no results were reached.

Iraq called the Jordanian authorities to hand over the frozen funds at their banks.

On the other side, the Jordanian private sector called for paying the costs of the commodities exported according to the signed trade protocol between the two sides

http://www.iraqtradelinknews.com/2017/06/jordan-demands-one-billion-dollars.html

Stranger » June 7th, 2017

Thank you Amprx and Don961 for posting this. I would think this would be huge. I would also think that a revaluation very soon would be in Abadi's personal interest as it might make people forget about Malaki very quickly and calm some of the sectarian lack of unity that he stirred up or that naturally exists in Iraq. imo

Don961 » June 7th, 2017

Image .. Arabic website "confirms" Nuri al­Maliki, is currently languishing in jail!

06/07/2017 00:31 Reports Number of Views: 2768

Iraq / Baghdad Publish "politicians Post" Arab specialist publishes analytical reports and follow ­ups of political events, a report on "leaks" and the extent of its importance in "battles" political, and that it has become an important weapon in all countries, it is not owned, it "lost the battle ."

The report gave an overview of the importance of the leaks, and their relationship to intelligence, and how to drop opponents through this, and began the lengthy report, WikiLeaks leaks, and its impact on the political situation of several countries .

Through WikiLeaks, the report highlighted the documents pertaining to Iraq, and he mentioned "in 2010, released the site than approximately 400 thousand documents on the Iraq war, is the biggest leak in US military history, and revealed information that US forces have killed more than 400 thousand mostly of civilians, as video leaked it showed that two helicopters from the Apache fired on a group of civilians was including two Reuters journalists, although the footage clearly showed that there were " journalists in the group carrying cameras .

Until now, no problem in the narrative details of the report, especially since it was the transfer of one of the leaks and WikiLeaks, did not express an opinion or private information, but strangely, in this report, published location is very important, for political reports dated yesterday, June 6, what came in this section "should be noted that former Prime Minister Nuri al­Maliki, is currently languishing in jail, because of the leaks that revealed he issued a summary executions of civilians on a sectarian basis "orders with the help of US forces, in addition to being accused in the events of the fall of Mosul .

Yes, al­ Maliki accused the fall of Mosul, and that it is responsible for many military orders were "wrong", in addition to many other charges, but he did not enter the .! prison, but did not raise him a lawsuit from the ground, although this demand for a large class of people Maliki, is not a personal "immersed" but he is still in power and his dialogues and statements and leads a lot of things, does it become difficult on the author of the report .!?"or the site, to make sure the current situation of al ­Maliki ? Or is it "intended Journalist addressed in all special events Baltsribat report, and its impact, a political report in which information and many backgrounds, does the report will be trusted, after al­Maliki information .! Or is it a new war against "Hajji Abu Isra", this time not from Iraq, but Arab ?

http://zawraapress.com/news/51.....

Samson » June 7th, 2017

Stop Internet service throughout Iraq this time

7th June, 2017

A source familiar with , on Wednesday, that the Ministry of Communications ordered Internet companies in Iraq to stop the service for one hour a day, indicating that the drop will continue until 22 June.

The source told "Tomorrow Press," that "according to the orders of the Ministry of Communications in Iraq, interruption will happen in the Internet service during the period from 6 / June until 22 / June

He added that "full service outage from 7:00 am until 8:00 am going to happen, affecting all services in all parts of Iraq."

It reminds Ministry of Communications cut off Internet service throughout Iraq in a period of final exams for school students, in order to prevent students from using the means of fraud,in addition to preventing leakage of ministerial questions LINK

Accounting4it » June 7th, 2017

Interesting timing that they would stop internet service for an hour until June 22nd. Doesn't this also draw near to the holiday Eid Al Fitr?

AnimatedRock » June 7th, 2017

I saw that this morning too with the internet going down for an hour, seems to me that with banks in Iraq opening at 8am, that seems a good time to adjust things daily for a period of 16 days . . . Just a thought

Don961 » June 7th, 2017

Exchangers Alone May Handle Forex Transfer

Wednesday, June 07, 2017

Iran Exchangers Alone May Handle Forex Transfer

The process of transferring foreign exchange to other countries might solely become the jurisdiction of exchangers due to the recent disputes with Halkbank and Emirati banks, a banking expert said.

“Halkbank has cut its forex relations with Iran since the bank also has ties with the US and is under pressure from that side. The Central Bank of Iran is negotiating with Turkish banks to resolve the issue,” Fars News Agency also quoted Bahaoddin Hosseini Hashemi as saying.

Hossein Yaqoubi, CBI’s director general for international affairs, recently announced that a delegation from the Central Bank of Turkey will soon meet their Iranian counterparts in Tehran to remove obstacles to bilateral banking relations, particularly difficulties involving Iranian citizens’ bank accounts in the Turkish Halkbank.

In late March, a senior executive at Halkbank, one of Turkey’s largest state-owned banks, was arrested in the US on charges of conspiring to evade trade sanctions on Iran.

Mehmet Hakan Atilla is accused of conspiring with Reza Zarrab, an Iranian-Turkish gold trader, to channel hundreds of millions of dollars through the US financial system on behalf of Iranian companies.

According to a source in Iran-Turkey Chamber of Commerce, Turkish Minister of Economy Nihat Zeybekci is also scheduled to visit Iran by the end of the current month on June 21 to negotiate a preferential trade agreement between the two sides.

Hashemi noted that in addition to Halkbank, two banks in China and one bank in Emirates shouldered the bulk of forex transfer for Iranians.

Media reports show bank accounts belonging to Iranian citizens either face closures or limits in the UAE. US companies are among major shareholders in Emirati banks who are legally barred from doing direct business with Iran, the source said, adding that bilateral banking ties have suffered more after US President Donald Trump’s recent visit to Saudi Arabia where he called for setting up a regional alliance against Iran.

However, the limits have not been officially mandated by the governments of these countries, but are initiated by the lenders themselves.

“There is no serious issue with Chinese banks but since we export petrochemicals there, they have asked for related documents which is their legal right and will be provided soon,” Hashemi said.

The banking expert said most European banks did not engage in any kind of banking relations with Iran and money transfers have been handled only by Asian banks.

https://goo.gl/pN8ahi

Don961 » June 7th, 2017

Seeing more and more articles like this .... the average citizens/everyday people of Iraq are fed up with having to pay the ultimate price of their lives and fortunes ... caught in the crossfire of militias , preachers , corrupt politicians ... all vying for power and leadership ... the people are beyond tired of broken promises , lies , constant violence , poverty , destroyed families , etc. ... looking for peace , prosperity , and a future ... they need a hero , a champion

The dead do not remind them of preachers ... competing politicians, militias and clerics in Iraq

06-06-2017 11:26 AM Baghdad News - Haifa Zangana

prevail in «new Iraq» boarding rhetoric and preaching platforms and reading data fever. Where competing politicians from both inside and outside the government with religious leaders and militia commanders on board the high platform gives them a sense of power and strength to the sons of the people, and help to cover the crimes committed against him.

At the governmental level, Iraqi Prime Minister Haider al-Abadi stands, once every week (in addition to the speeches of events and the announcement of military victories) on a high platform, to deliver a tirade against the Iraqi people, who grasped through the channel «Iraq», the official, which broadcast the speech directly, while Tguettef the rest of the satellite channels and local some of its paragraphs, selectively, in line with the degree of interest in a paragraph without other or the amount of material support that you receive the channel from the Prime Minister's Office or by political and sectarian line, often, what leads the sectarian political or close contact him to some extent the impossibility of separation between the two.

Ebadi's speech, it is not the only one who Etjrah the Iraqi people a week. Where it occupies a speech Ammar al-Hakim, head of the Shiite National Alliance, another day of the week. Every day Wednesday, topping the wise platform in a large hall with hundreds of loyalists, addressing topics as it deems appropriate for «treatment» of the people of their illnesses. If Abadi addresses the people through the camera lens, the wise surpasses him in terms of attendance as well as live television broadcasts.

Uniformity of religious reference in the exploitation of public and television Elhouduren. The share of top Shi'ite cleric Ali al-Sistani, is on Friday, by proxy. As it not in favor of the reference and personal appearances was studiously to deliver his messages, all kinds, to the people. Where topping the podium, instead, usually, his representative in Karbala, Sheikh Abdul Mahdi Karbalai, to deliver social and political coated his guidance religiously, either directly, as happened when he issued a fatwa Jihad Ulkipaia to fight the «Islamic State» or indirectly when he decided, on February 5 / February 2016, speaking through his agent, Sheikh Ahmad Safi, not to be his speech weekly, but «according to the emerging things and required occasions», referring to the Zolh of the government did not listen to his guidance, and only «pray for our brothers the fighters (militia popular crowd) in fronts of confrontation with the terrorists ». But Zaal reference from the Government of Abadi did not last long, returned his agent to ascend the podium every week.

Types of platforms. In addition to individual platforms there are collective platforms mounted and ready-to-board outside the parliament hall. Sees Iraq when members of the party / stream / displeased parliamentary cluster, Faistefon as students of primary schools, to stand upon rotation to make speeches or read a statement or charges of corruption deputies and other mass, or appearing national appearance, who is keen on the interests of the people unlike others, taking into account that stands in front, always, the deputy one or two, lest the podium party is accused of being a male.

The benefits of boarding the podium outside the hall, the House of Representatives who have Iatlunha, highlighting the media for them the second time, after the first time guaranteed to them live TV from inside the parliament hall. Which confirms the popular impression that the general process, all, nothing more than a struggle for the media appearance, especially since most of the platforms equipped with Pmaacrawfonat video and audio media channels, not related to the conflict the interests of the people.

Away from politicians and clerics platforms, there are militias platforms. Perhaps Iraq, one of the few countries in the world, which overlies a handful of militia leaders with absolute loyalty to another state, statements and speeches platforms, public ,, whenever and wherever they want, which they devote the owners of power, more than the government. As it is not without a day of a statement or a threat or declaration of the victory, launched by «media spokesman» on behalf of the militia of the popular crowd.

And the militia of the crowd (over 60 thousand fighters), which announced Abadi system and its existence under the government umbrella, ostensibly, Oleutha own Directorate of security, and its press office and its leader and arming them and their allocations and trainers and advisers Iranians, ie, everything that makes it beyond the scope of the state and the leadership of the army and security forces and any organization of the even if the state formality. But for the militia, which raises its flag in its operations and its attack on the cities and the private logo that appears behind the «media spokesman», while topping the podium.

If the politicians platforms and clerics mission is limited to preaching and political promotion and sectarian incitement «soft», the militia platforms, claims liberation and victory and cleansing is the other face of sectarian Aldaashah, and presence of at least a threat to the future and security of Iraq as an independent country, a sovereign, of the emergence of « »a new terrorist organization does not cease to threaten people in the future of her appearance.

What about the general public? Issued the Iraqi Center for Documentation of statistical war crimes, the number of civilian victims and military personnel who were killed in the month of May / last May alone, as a result of armed conflict between the government and the organization of the state, and the victims of car bombs exploded, and improvised explosive devices, indiscriminate shelling and raids Air international coalition and the government, in addition to the executions government assassinations and extrajudicial killings, practiced by militias and government agencies, have been numbered (1157) people. While the United Nations Mission recorded to help Iraq (UNAMI), the death of 354 civilians and wounding 470 others.

Perhaps the reason for the difference between the military Csaiatin is an exception from the statistical UNAMI. What draws attention, more than others, that of standing up in public speaking platforms Artheloa songs of victory, and are preparing the ground for the emergence of other terrorist organizations, pretend not to see mention the size of the enormous human loss incurred by Iraq, daily, and from all sides, the price of what planted the occupation, and Maraoh hands of sectarian and corruption.

And our children and our youth will remain a currency swap with weapons of militias and preachers and politicians demons government Anka corruption, preoccupied with the protection of themselves and their interests, at the expense of the victims, whatever they were, what the change has not been achieved.

http://www.baghdadnews.info/index.php?page=article&id=22134#sthash.kZbSwtgo.dpuf

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