Sat. AM-PM KTFA News Articles 9-17-22



Samson » September 17th, 2022

Europol dismantles a network smuggling Iraqis from Kurdistan to Europe via private planes

16th September, 2022

The European Union Police Agency (Europol) announced on Friday that members of a gang smuggling migrants were arrested on private planes from Kurdistan, to Turkey and then Europe, using forged diplomatic passports.

The authorities confiscated two planes, a luxury car and equipment used to issue false identity papers during raids carried out in Belgium and Italy on Tuesday, according to “Europol”. “It is believed that between October and December 2020, five smuggling operations were carried out in five different European countries,” it said in a statement. The migrants, most of them from Iraq, including Kurds, boarded a private plane in Turkey with forged diplomatic passports.

The agency said that flights usually go to the Caribbean islands, but passengers never reach those destinations. “During the stations in various European airports, including Austria, France and Germany, the migrants left the plane, got rid of their forged passports and applied for asylum,” she added.

The criminal group has set the cost of the operation at up to 20,000 euros ($20,000) for each person smuggled. It is also suspected of issuing forged checks, defrauding airlines to establish their fleet, and defrauding hotels by not paying bills.

The suspects face charges of migrant smuggling, document forgery and money laundering. The raid was carried out in coordination between “Europol” and its judicial arm “Eurogast”, European police services and US law enforcement agencies.

According to private sources, these immigrants are wealthy and affluent people in Kurdistan, including the children of officials, who have a lot of money.  LINK

Including a fugitive who was re-arrested.. 75 years for 5 Iraqi employees who embezzled billions

15th September, 2022

Today, Thursday, Salah al-Din Criminal Court announced the sentencing of 5 employees to 15 years in prison, including an employee who fled the court to Kirkuk, was arrested and returned to the court.

A government source told Shafaq News Agency, “The Salah al-Din Criminal Court issued a 15-year prison sentence for each of the 5 employees who were arrested on charges of wasting public money and embezzling 7 billion dinars,” noting that “among the convicts is called (Q. N) who works an employee in the Planning Department of the Office of Salah al-Din Governorate.

The source confirmed that “the accused (Q. N) will be referred to the court again on other charges, after he escaped two days before the Salah al-Din Criminal Court and was arrested again in Kirkuk in coordination between the security services and the National Security.”

Yesterday, a security source in Salah al-Din told Shafaq News that an employee accused of embezzling 7 billion dinars had been arrested after escaping from the Tikrit court towards Kirkuk.

The source confirmed that the security forces, in coordination with the National Assembly in Kirkuk, arrested the fugitive suspect in Al-Zab district and took him to Tikrit to complete the necessary investigation and judicial procedures.    LINK

Source: Dinar Recaps

Samson » September 17th, 2022

Sri Lanka is considering the possibility of joining the Russian “Mir” system

17th September, 2022

Sri Lanka’s Minister of Transport, Pandula Gunawardana, announced that his country’s authorities are considering the possibility of joining the Russian payment system “Mir”, and negotiations are underway through central banks.

“Our embassy is looking into this issue because I know the Russians want to facilitate card payment in Sri Lanka,” Gunawardana said in a press statement.

He added that the Sri Lankan authorities want Russian tourists to be able to pay with the Mir card.

He continued, “In the near future, there may be progress in this area. Negotiations in this regard are taking place with our central bank. When we obtain approval from the bank, we will be able to announce that.”   LINK

The Iraqi Stock Exchange suspends its sessions tomorrow, Sunday

17th September, 2022

Today, Saturday, the Iraqi Stock Exchange announced the suspension of stock trading sessions on Sunday.

A statement to the market received by “Dijla” stated that “according to the decision of the Council of Ministers to declare an official holiday for one day on the occasion of the Arbaeen of Imam Hussein, the market will not organize the stock trading session for tomorrow, Sunday.”

The Prime Minister, Mustafa Al-Kazemi, announced the suspension of official working hours, tomorrow, Sunday, on the occasion of the fortieth visit of Imam Hussein.  LINK

World Gold Conference in Colorado

17th September, 2022

Tomorrow, the Gold Forum Americas Conference, kicks off in the United States and will continue from September 18 to 21.

The World Gold Council published a statement on its website, followed by (Al-Oula News) that the event, which is hosted in the month of Eiloa every year in Colorado, represents the most prestigious investment forum in precious metals stocks in the world.

The statement added that the Denver Gold Forum presents seven-eighths of the world’s publicly traded gold and silver companies when measured by production and reserves.

The invitation event will be attended by the world’s leading precious metal investors, as well as general institutional investors.  LINK

The arrest of a former official on charges of seizing land in the Kurdistan Region

17th September, 2022

Kurdistan Region Parliament member, Ali Hama Salih, announced on Saturday the arrest of the former director of the Bakirjo district, on charges of appropriating land in the region.

Saleh said, in a statement received by Shafaq News Agency, that “the former director of Karago district, called (Luqman), was arrested after filing several complaints against him during the past two years.”

He added, “The accused seized lands in the name of the Peshmerga forces and the anti-terrorist forces in the areas of (Bakergo and Rabrin), and seized thousands of lands, even schools, health centers, kindergartens and homes.”  LINK

Clare » September 17th, 2022

Economist for / NINA /: The Central Bank of Iraq has three reserves to serve the requirements of monetary stability and development

Saturday 17 September 2022 

The economic expert, Jalil Al-Lami, confirmed that the Central Bank of Iraq has three reserves to serve the requirements of monetary stability and development.

He told the National Iraqi News Agency ( NINA ) that the central bank is responsible for managing the country’s foreign cash reserves, as the central bank, within the framework of this task, influences the credit by controlling the movement of capital inflows and abroad and providing foreign exchange to serve the requirements of monetary stability and economic development.

Al-Lami added: This reserve consists of: Foreign exchange papers: represented in current and fixed deposits in the main international currencies and government bonds held by the resident country in foreign currencies for the benefit of the country over other countries. Which is estimated at more than (85) billion dollars. Gold: It is the state’s reserve, which is in the form of bullion or coins in the vaults of the International Monetary Fund.

He explained: As for the third reserve, it is the special drawing rights: it is the new reserve and it is used to meet the deficit in the country’s traditional reserves and drawing rights are granted to each of the member states of the International Monetary Fund. So that the country’s share is proportional to the size of that country in the International Monetary Fund.

Al-Lami continued: These rights are used to settle payments between member countries of the International Monetary Fund. Therefore, central banks, including Iraq, seek to buy quantities of gold from time to time. The most recent of which is Iraq’s purchase of a new amount of gold, amounting to approximately (34) tons, bringing Iraq’s balance to (134,4) and thus achieving an increase rate of (35%) on the Iraqi stockpile, which made its classification become the fourth Arab and thirty-three globally. This increase is within the framework of a strategy The Central Bank to manage its assets in order to achieve the highest levels of stability and the ability to face local and international economic changes.

The Gold Promise: One of the most important assets held by central banks and international financial institutions. A haven from in conditions of uncertainty. Because of its acceptance at the international level.

The Central Bank had announced a rise in foreign reserves to more than (85) billion US dollars.

And the bank indicated in a statement that its foreign reserves amounted to more than (85) billion US dollars, which is the highest level achieved by the Central Bank since 2003.

He continued that gold reserves also exceeded (130.4) tons, worth (7) billion dollars, bringing Iraq to 30th place globally and 4th in the Arab world.   LINK

Source: Dinar Recaps


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