TNT
Tishwash:
Iraqi dollar smuggling returns to the forefront.. Central Bank Governor “beautifies” the bleak picture
Economic researcher, Ziad Al-Hashemi, said that the Central Bank of Iraq suddenly punished 49 Iraqi companies on charges mostly related to smuggling and money laundering through foreign transfers, despite all previous assurances that transfers have become immune to smuggling.
Al-Hashemi considered in a post on the “X” platform, which was followed by “Al-Jarida”, that “this is a procedure that confirms that the Iraqi dollar smuggling system is still very active, and that the Central Bank Governor’s talk about the compliance rate reaching 95% is just rhetoric to beautify the bleak image of the Iraqi banking system.”
He explained that “the 49 companies that were punished are companies operating in various commercial, industrial and service sectors, and this confirms that we are facing a dangerous, broad system that has penetrated the entity of the Iraqi economy and market like c----r!”
He pointed out that “the banking system in Iraq is still heavily penetrated by smuggling and money laundering systems and support for sanctioned entities, and after all these years and promises, it has become not unlikely that there is real collusion and collaboration between the official Iraqi banking system and those smuggling systems.”
He continued, “On the other hand, we are waiting for the Syrian documents that will arrive that reveal the size of the i-----l trade and the movement of smuggling dollars from Iraq, which the Assad regime used to live on. Then we will learn the details of one of the most important unknown parts of the process of smuggling Iraqi money, which began draining Iraq in 2004 and continues to this day.” link
Iraq out of the list of major countries holding US bonds
The US Treasury Department announced on Tuesday that Iraq is no longer a major foreign holder of US bonds.
Shafaq News Agency reviewed the Treasury report for September, which showed that Iraq was not among the top 20 countries holding US bonds, after it was ranked among the top holders last year with a holding of $32.6 billion.
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The report indicated that “Japan topped the list of major countries in holding US bonds, with holdings amounting to $1.123 trillion, followed by China in second place with holdings amounting to $772 billion, while the United Kingdom came in third with $764 billion, the Cayman Islands in fourth place with $4-0 billion, Luxembourg in fifth place with $417 billion, and Canada in sixth place with $370 billion.”
The report explained that Saudi Arabia was the only Arab country that maintained its position among the 20 largest holders of US bonds, as its holdings amounted to $143.9 billion.
The report indicated that the total holdings of US bonds by countries around the world in September amounted to 8 trillion and 872 billion dollars.
US bonds are a type of debt instrument issued by the US government to raise money, and many countries buy them as a safe investment.
In the past years, many Arab and foreign countries, including Iraq, owned large amounts of these bonds, and over time, Iraq’s holdings of US bonds decreased until it left the list of the 20 largest countries holding these bonds. link
Clare:
Iraq and Jordan sign a 5-point joint statement, including support for the outcomes of the Aqaba meetings
Speaker of the House of Representatives Mahmoud Al-Mashhadani and his Jordanian counterpart Ahmed Al-Safadi signed a joint statement of five points today, Tuesday, including support for the outcomes of the Aqaba meetings on Syria and support for efforts aimed at stopping the Z-----t aggression on the Gaza S---p.
The correspondent of the Iraqi News Agency (INA) said: “A joint statement was issued from the official talks held by Parliament Speaker Mahmoud Al-Mashhadani and his Jordanian counterpart Ahmed Al-Safadi, in the presence of members of the Permanent Bureau in the House of Representatives, the head of the Foreign Affairs Committee, the head of the Jordanian-Iraqi Parliamentary Brotherhood Committee, and members of the Iraqi Council of Representatives representing heads and members of parliamentary committees and blocs.
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He added, “Al-Safadi appreciated Al-Mashhadani’s visit to the Kingdom as his first official visit since assuming the presidency of the Parliament in Iraq, and the talks concluded with the signing of a joint statement that stated:
First – Strengthening coordination between Jordan and Iraq; to confront the challenges imposed by the circumstances of the region, supporting the brothers in Syria and respecting their will and the necessity of protecting the security of Syria and its citizens, preserving the unity of their lands and ensuring the representation of all their components in the political process, and supporting the outcomes of the meetings hosted by the Jordanian city of Aqaba regarding the situation in Syria.
Second: Enhancing the prospects of Jordanian-Iraqi economic cooperation, removing any obstacles that hinder this, and organizing mutual visits of parliamentary committees and chambers of industry and commerce in both countries, which contributes to opening investment windows in various fields, working to establish cultural and educational cooperation agreements, and benefiting from mutual experiences in the sectors of agriculture, energy and construction.
Third: The importance of completing the project to extend the oil pipeline from Basra to Aqaba, which is considered an economic artery for transportation for the benefit of the two countries, and working to support various joint bilateral and tripartite projects with our brothers in Egypt.
Fourth: Supporting all efforts aimed at stopping the b----l Z-----t aggression on the Gaza S---p, rejecting attempts to displace our brothers in the S---p and the West Bank, working to double efforts to deliver relief supplies to the S---p, rejecting all forms of extremist actions by settlers against our brothers in various Palestinian territories, and rejecting the violations practiced against Islamic and Christian holy sites in Jerusalem.
Fifth: Coordinating joint parliamentary positions between the Iraqi and Jordanian Houses of Representatives, based on a long and extended history of solid fraternal relations between the two countries and peoples, in a way that contributes to achieving common interests and defending the nation’s issues.”
Source: Dinar Recaps
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Tishwash:
Sudanese offers a financial guarantee mechanism
The Prime Minister’s Media Office confirmed, “Within the framework of government efforts aimed at supporting industrial projects, in a way that contributes to achieving sustainable development, strengthening the national economy, and increasing job opportunities, Prime Minister Mohammed Shia Al-Sudani issued a directive to form a joint committee from the relevant authorities.
He added, “The committee is responsible for preparing mechanisms for lending to industrial projects, and the necessary controls to determine the amounts of reservation and extinction of the guarantees provided for those loans.”
According to the statement, on December 9, 2024, the Cabinet approved the committee’s recommendations. The new instructions included implementing the Prime Minister’s directives to provide loans with reduced interest and easy terms, with the aim of facilitating the establishment of new industrial projects, in cooperation with the main government banks, to ensure financial support for investors in the industrial sector.”
The Joint Committee aims for the private sector to have a prominent and influential role in supporting industrial projects, by increasing its investments in this field, to establish and operate factories and develop new ideas that meet the needs of the local market, with the importance of bringing in expertise and modern technologies from specialized international companies.” link
Al-Sudani and Bin Salman discuss regional stability after “Syria events”
Iraqi Prime Minister Mohammed Shia al-Sudani arrived in Saudi Arabia today, Wednesday.
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This was stated by his media office in a brief statement received by Shafak News Agency, adding that Al-Sudani arrived in the Kingdom of Saudi Arabia, where he met in the city of Al-Ula with Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.
In addition, the Prime Minister’s media office explained, in a statement received by Shafak News Agency, that Al-Sudani met in the city of Al-Ula with the Crown Prince of Saudi Arabia, His Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud .
The latest developments in the region were discussed, as well as the importance of agreeing on joint coordination regarding the repercussions of the events in Syria, and intensifying efforts to confront regional and international challenges, in a way that contributes to enhancing regional security and the stability of the entire region .
Al-Sudani stressed Iraq’s keenness on the unity of Syrian territory, non-interference in Syrian internal affairs, respect for the free will of the Syrians, and ensuring the participation of all components of the Syrian people in the administration of the country .
He expressed Iraq’s readiness to cooperate with brothers and friends in the region, in order to establish security and stability, and to keep the region away from the danger of conflicts and wars .
The meeting touched on the tragic situation in Gaza, the continued aggression of the occupying entity against the Palestinians, the importance of intensifying international efforts to immediately stop the war, and doubling relief efforts to alleviate the suffering of the people in Gaza, as well as emphasizing link
Source: Dinar Recaps
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