Tues. AM TNT Iraq News Articles 2-28-23



Iran announces the discovery of huge reserves of a precious metal

Director General of the Geological Exploration Department at the Iranian Ministry of Industry, Ibrahim Ali Malabiji, stated that geologists discovered the first lithium deposits in Iran, with reserves estimated at 8.5 million tons of ore.

Fars News Agency quoted the Iranian official as saying, “Iran is one of the few countries that has sufficient reserves of rare earth elements and precious metals. The discovery of the first lithium deposits in Hamedan province paves the way for the discovery of other precious metal deposits in this province.”

Bolivia leads the world with lithium reserves, estimated at 21 million tons, followed by Argentina (19 million tons), Chile (9.6 million tons), Australia (6.4 million tons) and China (5.1 million tons).

Lithium is a necessary component for the production of all electric vehicle batteries and consumer electronics. Lithium-ion batteries are also widely used in many other applications, from energy storage to air transport.   link

Al-Sudani enumerates the benefits of banking digitization and Visa supports the plan of the government and the Central Bank

Twilight News / Prime Minister Mohammed Shiaa Al-Sudani said on Tuesday that the government’s plans to digitize banking transactions will facilitate financial transactions for citizens and combat money laundering, while representatives of Visa expressed their comprehensive support for the government’s plan and the Central Bank to publish electronic card points of sale (POS).


“Prime Minister Mohammed Shiaa Al-Sudani received, on Tuesday, a delegation from Visa International Electronic Payment Cards,” the Prime Minister’s Information Office said in a statement received by Shafaq News.

During the meeting, Al-Sudani expressed “the government’s determination to implement reform, and to proceed with financial inclusion and digitization plans for banking transactions, and upgrade them; to meet international standards and specifications in force at an international level,” according to the statement.

Al-Sudani stressed that “the government’s steps in this field will facilitate financial transactions of citizens, reduce time and strengthen the umbrella of the law by implementing controls that combat money laundering.”

For their part, Visa representatives pointed to “their comprehensive support for the government’s plan to publish points of sale with electronic cards (POS), the steps of the Central Bank of Iraq, and the government program seeking more flexibility in economic transactions, while raising the level of efficiency and legal commitment,” according to the statement.

Cougar reveals the details of the settlement to recover the money of the corrupt

Today, Tuesday, a member of the Parliamentary Finance Committee, Jamal Cougar, revealed proposals for the mechanisms used to recover smuggled funds abroad.

Cougar said, in a statement transmitted by the correspondent of (Iraqi Media News Agency / WA), that “the mechanisms used in recovering smuggled funds are limited to several means, including following the international Interpol route and arresting any corrupt or criminal, and bringing him to the requesting country.” Pointing out that the second method is through diplomatic representation and according to the state’s agreements with other countries, by refusing to reside any opposition, corrupt, or wanted person in the corresponding country.


Cougar added, “The third method is that international companies adopt corruption files and follow them up in exchange for a percentage of the money, while the fourth method is to contact the smuggler for the amount to obtain a specific percentage of the money he acquired in the event that 80% of it is returned, from the “fifth way without legal consequences.” Indicating that it is the announcement of a reward at a specific rate for anyone who gives the government information about smuggled money, because the quantities and places of smuggled money are not known.

And he pointed out that there are people who are aware of the smuggled amounts and do not have to disclose them, pointing out that “there is no specific number for the smuggled amounts, because the previous governments failed in this matter with some personalities and did not open it, in addition to that the smugglers of money are influential figures previously and currently.” The file was not opened as required, as it was passed unnoticed without serious steps.   link

Deputy: Reducing the price of the dollar, the last arrival of the budget on time

Representative Nazem Al-Shibli attributed, on Tuesday, the reason for the delay in the arrival of the budget to parliament by making some reforms and changes underway by the government after officially reducing the exchange rate of the dollar.

Al-Shibli said, in a statement to Al-Maalouma, that “the decision to change the exchange rate of the dollar forced the government to conduct a comprehensive review of all items of the budget, as the main reason was the delay in sending it to Parliament,” noting that “the government has reached the final technical and mathematical stages, and that its arrival in Parliament is very close.” “

He added, “The negotiations between the government and the region have no impact on the progress of technical procedures in accordance with the government’s vision and in accordance with its government program.”

And the representative of the Al-Fateh Alliance, Ali Turki, had confirmed in a previous statement to Al-Maalouma that the budget would soon arrive after making some digital changes to the amounts after decreasing the price of the dollarlink

Source: Dinar Recaps


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