Mon. AM TNT News Articles 11-14-22



A protest demonstration in front of the Central Bank of Iraq because of a private bank that declared bankruptcy

A number of citizens demonstrated in front of the Central Bank of Iraq, on Monday, to demand their money deposited with a private bank that declared bankruptcy.

“We deposited millions of dinars in Warka Bank before declaring its bankruptcy and did not pay it to us even after placing it under guardianship,” Muhammad Salam, one of the citizens deposited in Al-Warka National Bank, told Shafaq News Agency.

And he indicated that “the Central Bank promised us to return these funds, and more than 11 years have passed, and nothing has been returned to depositors.”

He added that “all the banks that were placed under guardianship, such as (Dar al-Salaam) and (the economy) have paid the dues of their customers, but the central bank did not solve our problem with the Warka Bank, which was liquidated.”

For his part, Abu Yassin told Shafaq News Agency, “Our money was stolen despite repeated promises by the Central Bank to liquidate the accounts of Warka Bank customers.”

He explained, “All my savings were put in this bank and were stolen after declaring bankruptcy and placing it under guardianship.”


He pointed out that “the central bank is responsible for these banks and how they work, and therefore it is incumbent on him to return our rights in full without procrastination or procrastination.”

And set up the guardianship committee formed by the Central Bank of Iraq to audit the accounts of the Warka Bank, which was to distribute the financial returns obtained from the bank’s debts to the owners of small deposits and each according to his deposit, indicating that there are ten thousand citizens of the owners of small deposits.

Article 67 of the Banking Law stipulates that the Central Bank of Iraq shall establish and license a temporary bank based on Article 67 and provide it with capital by the state to obtain all or part of the assets and liabilities of the bank subject to rehabilitation.   link

The United Nations identifies six pillars to reduce poverty rates in Iraq

The United Nations Population Fund has identified six pillars to reduce poverty rates in Iraq during the next stage.

Fund adviser Muhadhab Al-Alaq said in a statement to “Al-Sabah”: “The poverty rate in Iraq in 2007 amounted to 23 percent, based on accurate and supported studies from the World Bank, and then decreased after five years to reach 19 percent.”

He added, “It was hoped during 2014 and 2015 that it would decrease to 16 percent, but the occupation of lands by ISIS terrorist gangs and the significant drop in oil prices during that period caused the percentage to increase.”


He continued, “The latest available estimates for 2019 indicate that the poverty rate is 20 percent,” noting that “there is tireless work by the Central Statistical Organization in the Ministry of Planning to implement a new survey of the economic and social characteristics of the Iraqi family (SAS) which will be able to build a poverty line. New for Iraq during the year 2023.

Al-Alaq revealed that “the report is supposed to start work at the beginning of next year and continue for 12 continuous months,” warning of the “necessity to improve the conditions of education, health, social protection, housing and the environment and reduce disparity between males and females, and all of these need great development efforts and whenever these are improved.” pillars, the poverty rate will decrease in Iraq    link

Political analyst: The success of the Sudanese government depends on the success of the Integrity Commission in combating corruption

The political analyst, Ghaleb Al-Daami, linked the success of the government of Muhammad Shia Al-Sudani to the Integrity Commission’s efforts to combat corruption.

Al-Dami said; For the “Unannounced” program, broadcast by Al-Furat TV channel this evening, that: “Hayat Al-Integrity does not work within jurisprudence, but rather within laws, and its duty is to investigate, investigate and follow up on news in cooperation with Al-Ittihad. The political will in Iraq does not want to vote on any president of the Commission of Integrity until he submits to blackmail and pressure.”

Al-Daami continued, “The Commission cannot carry out the arrest without a judicial order, and Al-Saadi was dismissed at his request. The Prime Minister praised the efforts of the Commission and its statement carries indications of the existence of political pressures. Haider Hanoun, the new commissioner to head the Commission of Integrity, has not started yet, and the websites began accusing him of corruption.” 

He pointed out, “3 points support the authority’s measures in combating corruption, which are the authority’s management, voting on it, the parliament’s support, the prime minister and the political class, and the integrity committee will not succeed without the support and political will and voting on it in Parliament.”

Al-Daami continued, “Dozens of the second-class parties were condemned, and the general amnesty that was issued and the previous one that will be issued will zero the corruption file in Iraq, and in front of this zeroing, what will the government do, and the success of the Sudanese government depends on the success of the Integrity Commission in combating corruption.” 

He noted that “the duty of the Integrity Commission to combat corruption does not exceed 20%, and it has exceeded that and is subjected to distortion to lose its credibility in integrity.”

Al-Daami concluded by saying, “Recovering the money will be through investigation and follow-up from the Integrity Commission, and many of them have been recovered, and they need a political stance to recover the money smuggled abroad, and it is difficult to recover the money of the theft of the century.” 

Source: Dinar Recaps



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