Thurs. PM TNT News Articles 8-25-22




Al-Kazemi’s advisor: The emergency support law has entered into force

The Financial Adviser to the Prime Minister, Mazhar Muhammad Salih, confirmed, 08/25/2022, the entry into force of the Emergency Support Law for Food Security and Development.

Saleh told Al-Masala that the Emergency Support Law for Food Security and Development No. 2 of 2022 has now entered into force, especially after the financial instructions accompanying the same law were issued.

He added that work will continue to apply the law until the completion of the distribution of its allocations to the exchange sections stipulated by the law and which are detailed by the financial instructions.

He pointed out that the central control bodies referred to in Article 14 of the Emergency Food Security Law are in charge of exercising their supervisory and legal functions in the best way, in addition to the central role in implementation and follow-up undertaken by the Ministries of Finance and Planning to ensure the accuracy of the law’s application. link

Basem Khashan: The Central Bank is selling Iraq

The independent deputy, Basem Khashan, revealed, on Thursday, that he will announce the files and papers that prove the central bank’s involvement in many corruption cases related to the currency sale auction.




Khashan said in an interview with “The Information”, that “the next few days we will announce papers and documents that prove the Central Bank’s violation of all legal and financial matters in the presence of the Office of Financial Supervision,” adding that “the Central Bank is not selling currency now, but is working to sell Iraq.”

He added, “The documents and files will reveal the local authorities that are working to smuggle currency out of Iraq,” noting that “these operations drain hard currency and destroy the entire Iraqi economy.”

The economic expert, Abdul Rahman al-Mashhadani, said in a previous interview with “Information” that “the Central Bank of Iraq selling huge numbers of dollars per day is very suspicious compared to the volume of Iraqi imports,” stressing that “the only beneficiary from selling such numbers amounted to 300 million dollars.” Daily it is the private banks that benefit 20 cents from the dollar and one.”

Source: Dinar Recaps


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