Iraq Economic News and Points to Ponder Saturday Evening 11-18-23


Iraq Economic News and Points to Ponder Saturday Evening 11-18-23

Tlm724 Administrator Bondlady’s Corner

Integrity: Recovering 15 Billion Dinars From The Former Authorized Director Of One Of The Electronic Payment Companies 

Economy News  Today, Saturday, the Federal Integrity Commission announced the recovery of 15 billion dinars from the former authorized director of one of the electronic payment companies.

The Authority stated in a statement received by Al-Eqtisad News that “its investigative procedures in the criminal case of the accused, the former authorized director, in the case of tax evasion by the company by providing incomplete information and concealing information related to its accounts for the period from (2010 – 2017) should have been clarified.” “, indicating that “he, in collaboration with employees of the General Tax Authority, caused damage to public funds, represented by the Ministry of Finance, amounting to fifteen billion and one hundred and fifty-four million dinars.”

She added, “The company has paid the amount of damage caused to public funds as a result of non-accountability of taxes, confirming the transfer of an amount of (15,154,745,000) billion dinars to the account of the General Authority for Taxes – Senior Taxpayers Section,” pointing out that “the General Authority for Taxes continues to request a complaint against the accused and take action.” legal action against him for not paying the interest on the amount.”

According to the statement, the Authority pointed out that “a private case has been filed against the convicted accused, the former Director General of the General Tax Authority, because she sent a letter to (5) banks indicating that the aforementioned company is tax accountable until the year 2019, with the aim of moving the company’s accounts in those banks, despite the failure to meet the requirements.” The necessary mechanism used in tax accounting.”

She continued, “The convicted defendant carried out these acts in conjunction with three of her employees who were convicted and sentenced by the Central Anti-Corruption Criminal Court.”

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The Central Bank Finalizes The Arrangements For The Agreement To Strengthen Five Iraqi Banks With The UAE Dirham

Economy – 11/18/2023 Baghdad – Mawazine News  Today, Saturday, the Central Bank of Iraq concluded the arrangements for the agreement to strengthen five Iraqi banks with the UAE dirham.

A banking source said in an interview with Mawazine News: “The Central Bank of Iraq has completed the final arrangements for the agreement with the UAE’s First Abu Dhabi Bank, and it is hoped that the actual implementation of the strengthening operations for Iraqi banks’ accounts in the UAE dirham will begin during the next week.”

The source added, “The first phase of the reinforcements will include five Iraqi private banks, and it is expected that the number of banks will double after evaluating the first phase of implementation, which may last for a few weeks.”

More Than One Billion Dollars In Sales From The Central Bank Of Iraq Within A Week

Saturday 18, November 2023 | Economical Number of readings: 243  Baghdad / NINA / The Central Bank of Iraq’s total sales of hard currency to the US dollar during the past week amounted to more than one billion dollars.

The Central Bank stated in a statement, “The Central Bank sold during the past week and for the five days in which the auction opened one billion and 143 million and 53 thousand and 503 dollars, at a daily rate of 228 million and 610 million and 700 dollars, higher than what it recorded last week, which amounted to one billion and 146 million 308 thousand and 909 dollars.”

The highest dollar sales were on Sunday, when sales amounted to 235 million, 236 thousand and 339 dollars, while the lowest sales were on Thursday, when sales amounted to 221 million, 425 thousand and 343 dollars.

He pointed out, “External remittance sales during the past week amounted to 1 billion 70 million 513 thousand and 693 dollars, an increase of 90% compared to cash sales that amounted to 103 million 858 thousand and 600 dollars.”

He explained, “The sales went in the form of cash and transfers abroad to finance foreign trade, while the selling price of the amounts of documentary credits and international settlements for electronic cards reached 1,305 dinars per dollar, while the selling price of the amounts of transfers abroad and the cash selling price reached 1,310 dinars per dollar.”

The British Ambassador Stresses The Importance Of Continuing Partnership And Cooperation Between Iraq And The Kingdom

Political | 11/18/2023   Mawazine News – Baghdad   The British Ambassador to Iraq, Stephen Hitchen, confirmed today, Saturday, that the stability of Iraq is stability for the region, stressing the importance of continuing partnership and cooperation between Iraq and the United Kingdom.

The media office of the National Security Advisor stated in a statement received by Mawazine News, “The National Security Advisor, Mr. Qasim Al-Araji, in his office today, Saturday, received the United Kingdom’s ambassador to Iraq, Stephen Hitchen.”

He added, “During the meeting, the overall relations between the two countries were discussed, especially cooperation and partnership in the field of combating terrorism and the exchange of experiences and information.”

The statement continued, “The meeting witnessed a discussion of the latest developments in the regional and international political and security scene, as well as the file of the Syrian Al-Hawl camp.”

Al-Araji stressed, “The current conditions require the logic of wisdom and the primacy of reason, stressing the importance of strengthening the foundations of the state through the rule of law, indicating that the Iraqi government has taken strict measures to protect foreign embassies and missions operating in Erq, pointing out that the Prime Minister, Mr. Muhammad Shia “The Sudanese government is making great efforts to achieve development and implement the government program according to its specified timing.”

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 Provoking Points to Ponder on FEAR for Living the Bold Life by Tess Marshall

87. If you are facing a new challenge or being asked to do something that you have never done before don’t be afraid to step out. You have more capability than you think you do but you will never see it unless you place a demand on yourself for more. ~ Joyce Meyer

88. It’s okay to be crazy and scared and brave at the same time! ~ Kelly Epperson

89. But fear is confusing. It tears you in two. Half of you wants to run far, far away, but the other half is paralyzed, frozen, immovable. And the hard part is that you never know which half is going to win. ~ Melody Carlson

90. Whatever it is you’re scared of doing, Do it. ~ Neil Gaiman

91. As Grams treaded water, she tapped my forehead. ‘What’s in here, Poppy, is scarier than anything you’ll encounter in the depths of the ocean. An imagination is a powerful thing. ~ Shelley Coriell

92. What is fear after all? It is indecision. You seek some way to resist, escape. There is none. ~ Anne Rice

93. I am convinced that the deepest desire within each of us is to be liberated from the controlling influences of our own psychic madness or patterns of fear. All other things-the disdain of ordinary life, the need to control others rather than be controlled, the craving for material goods as a means of security and protection against the winds of chaos-are external props that serve as substitutes for the real battle, which is the one waged within the individual soul. ~ Caroline Myss