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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Iraqi economy defy central bank governor to prove an order

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Iraqi economy defy central bank governor to prove an order - Page 2 Empty Iraqi economy defy central bank governor to prove an order

Post 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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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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Iraqi economy defy central bank governor to prove an order - Page 2 Empty Parliamentary Finance: Parliament will determine his conviction with the answers of the Governor of

Post by rocky Wed 14 Nov 2018, 3:14 am

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Parliamentary Finance: Parliament will determine his conviction with the answers of the Governor of the Central Bank in the next session

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11:52
Last updated


[ltr]The time now is 11:57 AM[/ltr]




BAGHDAD (Reuters) - 

A member of the Finance Committee, Ahmed Hama Rashid, said on Wednesday that the parliament will determine its conviction of the central bank governor's answers on currency damage at the next session. 

"The House of Representatives called on the Governor of the Central Bank Ali al-Alaq to bring all the data and documents that support his words to the damage of banknotes," Rashid told Al-Ghad Press. "I personally asked the bank's governor to bring the number of banknotes that were destroyed to know the size of the loss."

He added that "the Council during its next session and when the data brought by the governor of the Central Bank will decide his conviction of the answers or not," noting that "the currency does not damage when placed in water or washed, but better than before."



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Iraqi economy defy central bank governor to prove an order - Page 2 Empty Re: Iraqi economy defy central bank governor to prove an order

Post by weslin3 Wed 14 Nov 2018, 7:38 am

The longer this story goes the more interesting it gets. I missed this last night.. Lobo may be right on this... She may have nailed it. hum
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Iraqi economy defy central bank governor to prove an order - Page 2 Empty Central Bank: sinking of 7 billion dinars occurred in 2013 and not now

Post by rocky Wed 14 Nov 2018, 3:01 pm

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The Central Bank of Iraq announced on Wednesday that the sinking of 7 billion dinars occurred during the time of the former central bank governor, Abdul Basit Turki, not during the current governor Ali al-Alaq, calling on the media to be careful and careful in the transfer of news concerning the Central Bank because it affects stability Financial and price.
The central bank said in a press statement received by "Economy News", "in light of what avenge the current issue of sinking the amount of 7 billion dinars, the incident occurred in Rafidain Bank in 2013 at the time of Dr. Abdul Basit Turki his role as governor of the Central Bank," adding that Turki in addition To the fact that he was the head of the Financial Control Bureau in that period has taken what must be taken in accordance with the law and instructions of the Central Bank and the supervisory bodies of the State .
He pointed out that one of 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 .
He added that "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," adding that "the currency that was sinking would have been replaced even if not sink because the life is over . "
He stressed that "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 procedurally and legally in its history . "
The Central Bank called on the media to be careful and careful in the transmission of data and deal with it because of its impact on the state of financial and price stability achieved by the Central Bank of great efforts and recognition of international organizations during the past years .

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Iraqi economy defy central bank governor to prove an order - Page 2 Empty Economist reveals details of damage of seven billion due to rain

Post by rocky Wed 14 Nov 2018, 3:06 pm

Economist reveals details of damage of seven billion due to rain

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The economic expert in the name of Jamil Antoine, on Wednesday, [You must be registered and logged in to see this link.] seven billion dinars in the [You must be registered and logged in to see this link.] Bank as a result of rainwater to negligence and default from the Department. 

Antoine said in a press statement that the global banks add rubber rubber of the sponge at the gates of the giant gates design to prevent the leakage of water as the boats are often placed in the vaults of buildings. 

He added that Qasat Bank [You must be registered and logged in to see this link.] free of that article and rickety and old addition to the exposure of the lower soil to break led to water leakage inside Qasat funds, pointing out that the leaked water is contaminated with water containing high salinity ratios that led to the [You must be registered and logged in to see this link.] of funds. 

He explained that this damage happened as a result of negligence and poor planning and management of the bank and the Central Bank, which requires urgent steps to prevent recurrence.

He added that the actual loss is not seven billion, but the cost of printing, which is estimated at 120 million dinars, pointing to the need for Iraq to replace the damaged funds from time to time and the survival of funds in storage and damage before entering the market as well as a local currency trading.

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Iraqi economy defy central bank governor to prove an order - Page 2 Empty Parliament asks the governor of the Central Bank to bring documents of currency damage

Post by rocky Wed 14 Nov 2018, 3:14 pm

Parliament asks the governor of the Central Bank to bring documents of currency damage





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A member of the Finance Committee Ahmed Hama Rashid, on Wednesday, that the Parliament will determine his conviction the answers of the Governor of [url=https://www.thebaghdadpost.com/ar/Story/t/1486/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A]the Central Bank[/url] on currency damage, in the next session. 

Rashid said that "the House of Representatives asked the Governor of [url=https://www.thebaghdadpost.com/ar/Story/t/1486/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A]the Central Bank[/url] Ali Alalak, to bring all the data and documents that support his words the damage of banknotes," noting that "I personally demanded the governor of the bank to bring the number of banknotes that have been destroyed to know the size of the loss." 
  
He added that "the Council during its next session and when the data brought by the governor of the Central Bank will decide his conviction of the answers or not," noting that "the currency does not damage when placed in water or washed, but better than before." 

Count



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Iraqi economy defy central bank governor to prove an order - Page 2 Empty Rafidain issues clarification on seven billion dinars

Post by rocky Wed 14 Nov 2018, 3:16 pm

Rafidain issues clarification on seven billion dinars

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Rafidain Bank issued a clarification on Wednesday about seven billion dinars and confirmed that these banknotes were "damaged and ready for replacement."
"The destruction of banknotes and replacing them with [url=https://www.thebaghdadpost.com/ar/Story/t/1486/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A]the Central Bank is[/url] a legal process according to the law and controls and instructions adopted in the management of cash between [url=https://www.thebaghdadpost.com/ar/Story/t/1486/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A]the Central Bank and[/url]banks."


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Iraqi economy defy central bank governor to prove an order - Page 2 Empty Documents .. Certificates of destruction of 7 billion dinars issued by the Central Bank of Iraq

Post by rocky Wed 14 Nov 2018, 3:26 pm

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2018/11/14 22:48




(Encyclopedia of this day , news | [You must be registered and logged in to see this link.] ) -

Baghdad today - Baghdad


Baghdad today publishes certificates of destruction of 7 billion dinars issued by the Central Bank of Iraq, according to ...





Note: The contents of the document (documents .. Certificates of destruction of 7 billion dinars issued by the Central Bank of Iraq) was published first on the site (Baghdad today) and does not bear the encyclopedia of this day news content in any form. 
You can see the details of this address (documents .. certificates of destruction of 7 billion dinars issued by the Central Bank of Iraq) through its original source any location (Baghdad today).






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Iraqi economy defy central bank governor to prove an order - Page 2 Empty Video .. The fact that the seven billion dinars hit by the rain

Post by rocky Wed 14 Nov 2018, 3:29 pm

Video .. The fact that the seven billion dinars hit by the rain

Wednesday, November 14,


Al-Sumerian News Agency publishes a video showing the fact that seven billion dinars have been damaged by the rains.

Activists on the social networking site Facebook, a video showing the amount of damage due to sinking in the rain water, according to the governor of the Central Bank Ali al-Alaq in front of the House of Representatives.


Alsumaria News called on the Central Bank to make sure the video clip confirmed his health






VIDEO at link.



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Iraqi economy defy central bank governor to prove an order - Page 2 Empty Sadr: Seven billion small points in the sea of ​​corruption and spoilers and the judiciary accounta

Post by rocky Wed 14 Nov 2018, 3:38 pm

Sadr: Seven billion small points in the sea of ​​corruption and spoilers and the judiciary accountable



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Sadr's leader Moqtada al-Sadr said on Wednesday that the seven-billion-dollar dinar that the central bank governor spoke of as "a small point in the sea of ​​corruption and spoilers" has been damaged. 

Sadr said in a tweet to him on Twitter followed by Alsumaria News, that "hundreds of billions, but a small point in the sea of ​​corruption and spoilers, and excuses are not refuted and what remains but a number if the people expose them and corruption abhors them."

"I call upon the impartial judiciary to hold them accountable for issuing an order to arrest them immediately and to investigate them and their families, known for their corruption and vice, and to infringe on the people's unjustly," he said. 

The governor of the Central Bank Ali Al-Alaq had made statements during his hosting before parliament on Monday, " 12 November 2018" in which he said that the amount of 7 billion Iraqi dinars were damaged by 100 percent, due to leakage of rainwater to the coffers of Rafidain Bank.



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Iraqi economy defy central bank governor to prove an order - Page 2 Empty Amid huge anger among MPs .. Parliament is investigating the damage of 7 billion dinars

Post by rocky Wed 14 Nov 2018, 3:44 pm

Amid huge anger among MPs .. Parliament is investigating the damage of 7 billion dinars

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The House of Representatives is investigating how to damage [url=https://www.thebaghdadpost.com/ar/Story/t/106686/7 %D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA]7 billion[/url]Iraqi dinars (about 6 million dollars), as a result of the entry of water into the treasury of the Rafidain government after heavy rains, in a fact dating back to 2013. 
While the damaged funds were replaced with new ones, Central Ali Alaq, who was not holding the post at the time, to the questions of deputies during a session held on Monday. 
"In 2013, the coffers of the Rafidain Bank were drowned by the heavy rains that occurred at the time, entered into the coffers of the bank and caused damage to banknotes of up to 7 billion dinars." 
He explained that "the Central Bank received these papers and compensated," stressing that the loss occurred was the cost of reprinting, and kept the banknotes the same value.
But MP Hoshyar Abdullah, a member of the Finance Committee in parliament, said, "We have concerns about how to enter water to the store, and this is in doubt for us, so we will conduct an investigation as soon as possible," adding that the response of the Governor of the Central Bank " Be clear ". 
MP Majida al-Tamimi, a member of the Planning and Follow-up Committee of the government's work, stressed the need for [You must be registered and logged in to see this link.] to give more details on the case, which is still being investigated. [You must be registered and logged in to see this link.]
lost over the past 15 years amounts of 194 billion euros of public funds, almost three times the budget of the country. Corruption is responsible for this through various methods, including fake contracts and salaries of fictional employees, according to parliament 





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