Iraqi economy defy central bank governor to prove an order

by **Rocky** Tue 13 Nov 2018, 3:13 pm

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Post n°1

Iraqi economy defy central bank governor to prove an order

by Rocky Tue 13 Nov 2018, 3:13 pm

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Iraqi economy defy central bank governor to prove an order[/size]
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3 hours ago

Shafaq News / The remarks of the Governor of the Iraqi Center for Iraq Ali Alalak, during his hosting of parliament for the damage caused by the huge amount of rain water, a wave of anger among Iraqis on social networking sites.

Al-Alak said on Monday that the amount of 7 billion Iraqi dinars (about 5 million 882 thousand dollars) was damaged by 100 percent, due to leakage of rainwater to the coffers of Rafidain Bank, underestimating the importance of the matter because the amount is worth only the cost of printing.

The statements made by the Governor of the Central Bank of Kuwait have been widely discussed and questioned about the quality of the currency and the place of deposit, and the measures that the Bank provides to protect local currency against damage caused by any opposition to it.

The activists did not let the story pass easily. One of them posted a video clip in which he responded to the Governor's remarks by placing a paper currency in the water. Then the mud was poured on it and washed with detergent, and yet it was not damaged. How did the rainwater destroy 7 billion dinars?

The activists accused Iraqi officials of "inventing a new way to steal public money by throwing the reasons for the weather conditions and that what happened is a judgment and a measure of weather conditions."

The leaders of social networking sites called on Iraqi Prime Minister Adel Abdul Mahdi to investigate the matter and reveal the fate of this huge amount of Iraqi domestic cash.

Others ridiculed the reason cited by the governor of the Central District, where one of them wrote: "If you said that a gram ate them, it would be better for you."

Activists called on the Iraqi prime minister to dismiss the ties because he was the "legacy" of the government of former Prime Minister Nuri al-Maliki, accusing the latter of appointing the relations during the period of business to keep Iraqi money under the control of the Dawa Party.

About two months ago, the governor of the Central Bank Ali al-Alaq raised a great controversy after putting his name on the Iraqi currency instead of signing, in an unprecedented precedent since the establishment of the Iraqi state in 1920.

A month before the end of the government in March 2016, Prime Minister Nuri al-Maliki appointed the Secretary-General of the Council of Ministers Ali Al-Alaq as Governor of the Central Bank.

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by **Rocky** Wed 14 Nov 2018, 4:00 pm

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Post n°21

The formation of a committee between parliament and integrity to uncover the facts of the damage of

by Rocky Wed 14 Nov 2018, 4:00 pm

The formation of a committee between parliament and integrity to uncover the facts of the damage of the seven billion

19:20 - 14/11/2018
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Information / special ...
The MP for the coalition of construction nostalgia Qadu, Wednesday, the formation of a joint committee between the Iraqi Council of Representatives and the Integrity Commission to uncover the facts on the damage of seven billion dinars because of the rains inside the Rafidain Bank.
Qadu said in a statement to the "Information" / that "the next session of the House of Representatives will be hosted by the Governor of the Central Bank and a number of employees to show the fact of the loss of seven billion dinars," pointing out that "the parliament will work to detect the defaulters and the cause of dumping money, State funds are a failure in management. "
He added that "the funds must be stored in a safe and tight place to keep them from theft and damage," noting that "damage of seven billion dinars raises doubts and perhaps there are other funds went because of poor storage."
He pointed out that "the parliament has formed a fact-finding committee in cooperation with the Integrity Commission to detect the defaulters and take punitive measures against them during the next session."
The leader of the Sadrist movement, Moqtada al-Sadr, demanded on Wednesday, "fair" judiciary to arrest those involved in the damage of seven billion dinars and hold them accountable.
It is noteworthy that the governor of the Central Bank Ali Alalak made statements during his hosting before Parliament on Monday (November 12, 2018), in which he said that the amount of 7 billion dinars was damaged by 100 percent, due to leakage of rainwater to the coffers of Rafidain Bank.

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by **Rocky** Wed 14 Nov 2018, 4:02 pm

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Post n°22

Sadr calls for "fair" judiciary to arrest those who are involved in the damage of seven billion and

by Rocky Wed 14 Nov 2018, 4:02 pm

Sadr calls for "fair" judiciary to arrest those who are involved in the damage of seven billion and hold them accountable

18:08 - 14/11/2018
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Information / Baghdad ...
demanded the cleric Muqtada al - Sadr, on Wednesday, eliminating "fair" to arrest those involved seven billion dinars damage and hold them accountable.
"Seven billion is not a small point in the sea of corruption and spoilers, and their excuses are only refuted and their survival is only a number if the people expose them and corruption abhors them," Sadr said in a tweet on his Twitter account.
He called on the judiciary to "hold them accountable for issuing an arrest warrant immediately and to investigate them, and with similar families of corruption and vice, and unjustly infringing the people's power."
It is noteworthy that the governor of the Central Bank Ali Alalak made statements during his hosting before Parliament on Monday, "12 November 2018" in which he said that the amount of 7 billion dinars was damaged by 100 percent, due to leakage of rainwater to the coffers of Rafidain Bank.

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by weslin3 Wed 14 Nov 2018, 7:50 pm

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Post n°23

Re: Iraqi economy defy central bank governor to prove an order

by weslin3 Wed 14 Nov 2018, 7:50 pm

This just gets deeper and deeper... Also was thinking we know who appointed Alalak. Maliki... Maybe that is what the problem could be..

by **Rocky** Thu 15 Nov 2018, 2:59 am

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Post n°24

Construction: The money that sank with rainwater can be printed with the same numbers

by Rocky Thu 15 Nov 2018, 2:59 am

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[size=32]Construction: The money that sank with rainwater can be printed with the same numbers[/size]

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[rtl]The construction alliance on Thursday stressed the need to complete the building of the new central bank as soon as possible in the Jadiriyah area in central Baghdad, noting that the Iraqi banks and banks belong to the royal era and could damage other funds if the situation is not remedied .[/rtl]

[rtl]"The seven billion dollars were destroyed in 2013 because of the rain, because of the building's progress and its dilapidation, if most of the Iraqi banks are to return to the royal era, " MP Abdul Hadi Mohan said in a press statement .[/rtl]

[rtl]He added that "many of the buildings need to be maintained and restored, and what happened on the money that sank by the rainwater is not worth the value, as the same money can be printed with the same figures that were damaged by water," noting that "the Governor of the Central Bank to move to accelerate the establishment of the building of the Central Bank New in the Jadiriyah area in order to preserve the currency .[/rtl]

[rtl]"There are political motives behind the media whirlwind that has been raised around the central bank, as what happened at the Central Bank in 2013 represents poor storage of funds, and the central bank to clarify what happened on the money ."[/rtl]

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by **Rocky** Fri 16 Nov 2018, 2:38 am

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Post n°25

After the sinking of 7 billion .. Dozens are demonstrating before the Central Bank of Iraq

by Rocky Fri 16 Nov 2018, 2:38 am

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Rashid News / Baghdad
A source said on Friday that dozens demonstrated in front of the building of the Central Bank of Iraq, on Friday morning, to demand accountability of those who missed the waste of public money.
The video showed activists active in social networking sites, "Facebook", gathered protesters in front of the door of the Central Bank, in central Baghdad, to demand accountability of those responsible for the waste of 7 billion dinars and not to overlook them.
The demonstrators carried banners condemning the tampering with public money and corruption, demanding disclosure of theft of their money and tampering with it.
"The governor of the Central Bank, Ali Alaak, told parliament on Monday that" 7 billion dinars were damaged as a result of the entry of rainwater and drowned the coffers of Rafidain Bank (government) in 2013, which led to the damage of banknotes by 100 percent. "
The Iraqi activists were carrying a picture of the Iraqi currency of the category of 10 thousand dinars and the tools of diving, an expression of ridicule from the news of damage of 7 billion dinars by drowning in Rafidain Bank.

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by **Rocky** Fri 16 Nov 2018, 2:59 am

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Post n°26

Important Central Bank reveals the secret behind the loss of 7 billion is not rainwater

by Rocky Fri 16 Nov 2018, 2:59 am

[size=45][size=41]Important Central Bank reveals the secret behind the loss of 7 billion is not rainwater[/size]
10 hours ago
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Eighth electronic newspaper

Revealed today and finally the Central Bank, that the real cause of the damage of money is the high humidity that led to the collection of billions of seven in Rafidain Bank.
The director general of the bank, Ihsan al-Yasiri, said in a press conference attended on the eighth day, that "the seven billion in the Rafidain Bank, was damaged by the high humidity, caused by the miasma of leaking rain to a ground floor in Rafidain Bank,
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He revealed during the conference that "those waters broke the walls of the bank's treasury on this floor and sank more than 7 billion dinars and caused damage."
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He added during the conference that "the damaged papers have been replaced, by the Central Bank, and this is a routine daily routine and the cost that was paid is the cost of printing only," noting that "the life of the paper 4 years, and then replaced, and damaged papers located in Rafidain Bank exceeded Ten years old. "

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The official expressed "surprise at the media hype that the central bank has exposed on this subject," pointing out that "the function of the central bank is the management of cash, and the issuance and recycling of money, in order to clean the circulation of banknotes."

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by **Rocky** Fri 16 Nov 2018, 3:00 am

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Post n°27

First statement by the Central Bank on the subject of the sinking of 7 billion

by Rocky Fri 16 Nov 2018, 3:00 am

[size=45][size=41]First statement by the Central Bank on the subject of the sinking of 7 billion[/size]
2 hours ago
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Eighth electronic newspaper
The Central Bank of Iraq issued yesterday its first statement on what is currently being raised about the subject of sinking the amount of 7 billion dinars.
"In view of the current issue of the 7 billion dinar sinking, the bank would like to clarify the following:
In four points
1 - The accident took place in Rafidain Bank in 2013 at the time of Dr. Abdul Basit Turki as governor of the Central Bank in addition to being the head of the Financial Control Bureau at the time and has taken what must be taken in accordance with the law and instructions of the Central Bank and the supervisory bodies of the state.
2 - The functions of the Central Bank according to its law is the replacement of damaged and invalid papers and this is done continuously to maintain the sustainability of dealing in local currency and stability.
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Read more The first official body calls for the evidence to prove the sinking of 7 billion dinars, or else?
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3 - The cost of replacing the banknotes is the cost of printing, which is different from the value of the currency much, not loss of 7 billion dinars, as promoted by some, knowing that the currency that was sinking would have been replaced even if it did not sink because the life of the default is over.

4 - The Central Bank expresses its deep surprise to raise this issue after five years and at this particular time, noting that the subject is settled procedural and legal in its history.

This bank calls on all media to be careful and accurate in the circulation of data and deal with it because of the impact on the state of financial stability and price achieved by the Central Bank of great efforts and recognition of international organizations over the past years.

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by **Rocky** Fri 16 Nov 2018, 3:01 am

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Post n°28

In the strongest response to the governor of the Central Bank of Karbali opens fire on him

by Rocky Fri 16 Nov 2018, 3:01 am

[size=45][size=41]In the strongest response to the governor of the Central Bank of Karbali opens fire on him[/size]
1 day ago
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Eighth electronic newspaper
MP Mohammad al-Karbouli commented on Ali al-Alaq, the governor of central al-Baq, on the sinking of 7 billion dinars in rainwater.
"The recognition of the relationship is a recognition of the governor of the central bank," he said. "How do we trust an official who acknowledges that his financial institution is so meager that it has not been able to protect Iraqis' money from the rainwater?"

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محمد الكربولي@mohamdalkarboli
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by weslin3 Fri 16 Nov 2018, 6:46 am

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Post n°29

Re: Iraqi economy defy central bank governor to prove an order

by weslin3 Fri 16 Nov 2018, 6:46 am

by **Rocky** Fri 16 Nov 2018, 7:13 am

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Post n°30

representative of the Sadr question to Abdul Mahdi and Halbusi and a letter to the judiciary sinkin

by Rocky Fri 16 Nov 2018, 7:13 am

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representative of the Sadr question to Abdul Mahdi and Halbusi and a letter to the judiciary sinking 7 billion[/size]
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one hour ago

Shafiq News / Hadi Denninawi representative of the leader of the Sadrist movement Moqtada al-Sadr and Khatib Juma Mosque of Kufa Najaf, strongly awarded three million Iraqi dinars allowances for each member of parliament.
Al-Denninawi said in a sermon Friday prayers that the new parliament gives its members hundreds of millions to improve living in addition to a salary of 12-15 million dinars per month, saying that with all this they are given 3 million rent allowances and
asked by saying that the recipient of 15 million He can pay a monthly rent while the municipal employee earns 200,000 how he can live. "Abdul Mahdi and Halbusi understand this issue," he said.

In his second letter to the Iraqi judiciary on corruption in the case of "sinking money into the pockets of night divers," Denninawi said, "We urge Sadr to demand that the judiciary follow up the issue of sunken money in the sea of the gulfs of the night and free them from their nets and landings. Of their punishment. "

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Iraqi economy defy central bank governor to prove an order

Iraqi economy defy central bank governor to prove an order

The formation of a committee between parliament and integrity to uncover the facts of the damage of

Sadr calls for "fair" judiciary to arrest those who are involved in the damage of seven billion and

Re: Iraqi economy defy central bank governor to prove an order

Construction: The money that sank with rainwater can be printed with the same numbers

[rtl]Continue[/rtl]

[rtl]"The seven billion dollars were destroyed in 2013 because of the rain, because of the building's progress and its dilapidation, if most of the Iraqi banks are to return to the royal era, " MP Abdul Hadi Mohan said in a press statement .[/rtl]

[rtl]"There are political motives behind the media whirlwind that has been raised around the central bank, as what happened at the Central Bank in 2013 represents poor storage of funds, and the central bank to clarify what happened on the money ."[/rtl]

After the sinking of 7 billion .. Dozens are demonstrating before the Central Bank of Iraq

Important Central Bank reveals the secret behind the loss of 7 billion is not rainwater

First statement by the Central Bank on the subject of the sinking of 7 billion

In the strongest response to the governor of the Central Bank of Karbali opens fire on him

Re: Iraqi economy defy central bank governor to prove an order

representative of the Sadr question to Abdul Mahdi and Halbusi and a letter to the judiciary sinkin

Re: Iraqi economy defy central bank governor to prove an order

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