"Committee to compensate those affected by Saddam’s Regime", 20 JULY

 2023-07-20 07:30

Shafaq News / The second deputy speaker of the House of Representatives, Shakhwan Abdullah, announced on Thursday the reactivation of the Article 140 constitutional committee to settle the files of those affected by the previous regime.

Abdullah said during a press conference held in the parliament building with the participation of members of the parliamentary committee on Article 140, and attended by the correspondent of Shafaq News Agency, that “the interim committee formed in the House of Representatives to follow up the work of the Article 140 committee of the Constitution, which was disabled for more than 10 years, was activated again after the political blocs agreed to do so.”

He pointed out that “there are thousands of transactions for those affected by the policies of the defunct regime under Article 140, and that we have noted through representatives of the provinces that there are many files and the truth is that the amount allocated for compensation by the government in the budget law of 2023 does not cover compensation.”

He pointed out that “the committee, Article 140, needs four trillion dinars, while the budget allocation is only 100 billion dinars, and after efforts, another 100 billion dinars were transferred to become 200 billion dinars, and a mechanism has been established to disburse compensation.”

Abdullah stressed that “there are weekly periodic meetings for the work of the Article 140 Committee to push for its real activation and completion of its tasks, including the development of the necessary legislation and the cancellation of the decisions of the Revolutionary Command Council that unfair to the rights of the sons of many governorates.”

Abdullah thanked the government for voting on the draft law to cancel the decisions of the Revolutionary Command Council.

He pointed out that “the first task of the Article 140 Committee will be to seek to receive the draft law from the government and approve it to ensure the restoration of the rights of farmers, and there will be a state committee in cooperation with the government committee to reach the entitlements of citizens in all governorates, including the southern governorates, which have not received compensation, in addition to the governorates of Kirkuk, Diyala and Nineveh.”

Article 140 provides for the abolition of the policies of demographic change pursued by the regime of Saddam Hussein in the disputed areas in favor of the Arabs at the expense of the Kurds, and then counting the population before the last step of holding a referendum under which the population determines, whether they wish to join the Kurdistan Region or remain under the administration of Baghdad.

The implementation phases of the article were scheduled to be completed until the end of 2007 but security and political problems prevented this.‎

The Federal Supreme Court ruled in 2019 that Article 140 of the Constitution of the Republic of Iraq shall remain in force, stressing that this continues until its requirements are implemented and the goal of its legislation is achieved.

https://shafaq.com/ar/سیاسة/البرلمان-العراقي-يعيد-تفعيل-لجنة-المادة-140-الدستورية-لتعويض-المتضررين-من-نظام-صدام

Iraq News What is Holding Up IQD RV? Plus, IQD Exchange Rate

"STATEMENT ISSUED BY CBI REGARDING DEPRIVING SOME IRAQI BANKS FROM DEALING IN DOLLARS", 20 JULY

Tlm724 Administrator Bondlady’s Corner

The Central Bank Of Iraq Issued A Statement Regarding Depriving Some Iraqi Banks From Dealing In Dollars

July 20, 2023  Preventing Iraqi banks from dealing in dollars came against the backdrop of checking bank transfers for the past year (2022), before the application of the electronic platform, and before the formation of the current government as well.  Banks that are deprived of dealing in US dollars enjoy full freedom in dealing in Iraqi dinars with various services within the Iraqi banking system, in addition to their right to deal internationally in currencies other than the US dollar. 

The application of the electronic platform for external transfer ensures the safety and accuracy of transfer transactions from all aspects, in accordance with international standards and practices, and the law against money laundering and terrorist financing. with an accredited international auditor.

What the Central Bank of Iraq has achieved in expanding transfer channels and approved correspondent banks makes transfers available and secure, and that

the number of local banks that do this is able to cover all transfer requests, with the ability of the Central Bank of Iraq to cover them without restrictions or ceilings, as long as they involve Legitimate operations, noting that the banks banned from the dollar, their requests constitute only 8% of the total external transfers.

 The announced exchange rate in the market is based on cash dollars granted by the Central Bank of Iraq to cover citizens’ requests for travel and other things, and

because of the citizen’s need for the national currency, some merchants and others withdraw dollars for trade or other purposes, away from the platform and away from the fundamental transfer contexts,

which It leads to raising the exchange rate on the black market, which is not a parallel market, as long as the source of the dollar is the central bank and not from within the market.

In order to address this phenomenon, we call on the esteemed government to establish a mechanism to link imports, and to prove the existence of a fundamental financial transfer corresponding to its value in order to prevent the use of illegal means to pay its values that constitute unjustified pressure on the cash dollar, and on the other hand,  it helps in controlling manipulation and smuggling of imports..

Central Bank of Iraq   information Office   20 - July – 2023  https://cbi.iq/news/view/2386

With Names.. America Imposes Sanctions On 14 Iraqi Banks For Dealings With Iran In Dollars

Policy   US Treasury  US sanctions   Iraqi banks   2023-07-19 Shafaq News/ On Wednesday, the US Treasury Department imposed sanctions on 14 Iraqi banks, in a crackdown on Iran's dealings in dollars.

The Wall Street Journal quoted US officials as saying that "the move came after the disclosure of information indicating that the

targeted banks were involved in money laundering and fraudulent transactions."  The newspaper added,

"Some of these operations may relate to individuals subject to sanctions, which increases fears that Iran will benefit from them. "

A senior US official told the newspaper:

"We have strong reason to suspect that some of these money laundering operations may benefit, either to individuals covered by US sanctions, or to persons who may be covered by sanctions."

"The main danger of sanctions in Iraq is definitely related to Iran," the US official added.

Shafaq News agency learned that the sanctions affected "banks (the

Islamic Advisor for Investment and Finance, the

Islamic Qartas for Investment and Finance, as well as the

Islamic Spectrum,

Elaf Bank,

Erbil Bank for Investment and Finance, the

International Islamic Bank,

Trans-Iraq Bank,

Mosul Bank for Development and Investment,

Al-Rajeh Bank,

Sumer Commercial Bank,

Trust International Islamic Bank, and

Ur Islamic Bank The

Islamic World Bank for Investment and Finance and

Zain Iraq Islamic Bank for Investment and Finance. 

And the US Treasury Department prevented four other Iraqi banks from accessing the dollar last November, and also imposed, in cooperation with the Central Bank of Iraq, stricter controls on financial transfers in the country in general.

In the past weeks, the Central Bank of Iraq had excluded 4 private Iraqi banks from the currency sale auction (namely:   Al-Ansari,    Al-Sharq Al-Awsat,    Al-Qabid, and   Asia)

following directives and warnings from the US Treasury about these banks accused of smuggling currency https://shafaq.com/ar/سیاسة/بال-سما-ميركا-تفرض-عقوبات-على-14-مصرفا-عراقيا-بسبب-تعاملات-مع-يران-بالدولار

 Enhancing Confidence In The Iraqi Dinar

July 20, 2023    To enhance the ability of the Iraqi dinar against foreign currencies to circulate within the country, the following was decided:

1.         Collection of all cash guarantees shall be in dinar currency exclusively for internal credits, bank guarantees and letters of guarantee issued to the benefit of the beneficiaries (governmental and private), even if they are in dollar currency and at the official exchange rate.

2.         The payment of the sums of the letters of guarantee upon confiscation shall be exclusively in Iraqi dinars and at the official exchange rate.

    We ask all authorized banks to take the necessary measures in accordance with the above

https://cbi.iq/news/view/2387

The Central Bank Of Iraq Organizes A Dialogue Workshop For Its Employees

July 20, 2023   The Development and Training Department of the Directorate of Human Resources Affairs at the Central Bank of Iraq organized a dialogue workshop for employees of other departments and departments.

It was delivered by the former advisor to the Minister of Education, Prof. Dr. Salah Al-Nuaimi, and lasted for two days.

On its first day, the workshop dealt with the definition of the true concept of loyalty and job commitment, and the importance of its reflection on the institution and the performance of employees, as well as achieving job satisfaction.

The second day witnessed a lecture on how to develop administrative thought and the development of strategic thought, based on the strategies of modern thought.  

Central Bank of Iraq   information Office   20 - July – 2023   https://cbi.iq/news/view/2385    

" NEW COMPANIES IN WEFUNDER" , 20 JULY

 

New Companies  https://wefunder.com/explore?utm_swu=7085 Invest in founders  building the future Invest as little as USD 100
Sunday Golf – Own a Golf brand today!. Reached $5M revenue in 2022 and projected $7M Revenue in 2023 (not guaranteed)
Rexis – Making your drinks taste better, your medicine work better & your drugs more fun. $500k+ initial seed round investment from Virgin Beverages, 3CHI Group, The Manning Foundation.
Fueled – Unlock the power of 1st-party data for the next generation of DTC eCommerce. Leveraged by 1,500 eCommerce brands - in 78 countries.
Painterland Sisters – Female farmer-owned organic yogurt making a difference. Within first year in business (launch: March 2022), they’ve reached $1.3 million in sales (not guaranteed)
MentalHappy – It's like AA groups but for all hard life events. $1.2M in venture funding led by Northwestern Mutual
Coco Pago – A super app for money transfers and financial services Coco Pago is Revolut for Latin America, it helps migrants send money back home, a $120B market.
Codaworx – Marketplace for the Public Art Industry. Led by a seasoned entrepreneur who raised $52 million in VC investments for previous businesses.
Too Soon – Empower award-winning filmmakers to change the entertainment industry. A romantic comedy about a young widow and widower who meet the day of their spouses’ funerals.
Tally Kids – Nutritious plant-based milk and toddler formula for kids. Sales Traction: First purchase orders totaling $28,478 shipped early May 2023.
Closing Soon
ClearingBid – Opens IPO investing to everyone. $6M capital raised to date from insiders, industry executives and angels.
Sanara – Mind + Body care rituals powered by indigenous Latin American botanicals. $9.6 Billion U.S. Spa Market CAGR 12.1% from 2021-28
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ClearingBid – Opens IPO investing to everyone. ClearingBid makes investing in an IPO as easy as investing in a public stock is today.
Spinn – Building the future of coffee. 12M+ servings made & 70,000 active users.
Sunday Golf – Own A Golf brand today. Sold in all major retailers: Dicks Sporting Goods, Golf Galaxy, PGA Tour Superstore, Scheels.
Otherweb – AI for a healthier internet. Driven by a community of 1.68M active users and 1105 individual investors.
Airthium – A Breakthrough Engine to Replace Fossil Fuel. Led by Y Combinator alumni and 6 PhDs; advised by the CEO of GE Renewable Energy.

COFFEE WITH MARKZ ( SPANISH ), 20 JULY

 "Café con MarkZ" Charla del jueves por la mañana 7-20-2023

Miembro: Buenos días maravillosos a todos ustedes, maravillosos miembros del equipo.

Integrante: Buenos días espero que hoy sea un día muy especial!!!

Miembro: El rumor es que el RV sucedería un jueves. Es jueves, así que puede continuar. Dios lo bendiga.

Miembro: Al igual que los niños en el asiento trasero en un viaje... ¿YA LLEGAMOS?

Miembro: ¿Cuál es la buena palabra para hoy?

MZ: Sigo escuchando rumores de que las ballenas tienen dinero. Tengo excelentes contactos con ballenas, fenomenales contactos con ballenas en Reno, Miami, Shanghái, Hong Kong y Zúrich. Y no puedo encontrar uno solo que tenga dólares gastables. Muchos de ellos hablan de tener dinero en sus cuentas pero no pueden llegar a eso. Está en espera.

MZ: Pero, ¿tienen muchas esperanzas de ver pronto un lanzamiento? Sí. Pero simplemente no lo han visto todavía.

MZ: Sigo escuchando que todo está listo y preparado y solo necesitan decidir cuándo apretar el gatillo.

Integrante: deben estar cansados ​​de mirar ese dinero no gastable del año pasado!!!

Miembro: ¡No creo que escuchemos que alguien tiene dinero para gastar hasta que todos nos hayamos ido!

Miembro: Un comienzo de escopeta. Es la única forma en que pueden evitar que la charla se les adelante.

MZ: De Irak: “EE.UU. prohíbe 14 bancos iraquíes en la represión del comercio de dólares de Irán” esto es realmente algo bueno. Estados Unidos está trabajando con el gobierno de Irak. y la CBI para asegurarse de que no haya fondos terroristas que vayan a donde no se supone que vayan. Esto es más en el esfuerzo de asegurarse de que todo esté en orden. El mundo necesita tener confianza en Irak y apoyar la tasa que ellos decidan para su moneda. Esta es otra señal del progreso que está logrando Irak. .

Miembro: (De Dinar Guru) Frank26 [Informe sobre el terreno en Irak] FIREFLY: Los amigos del banco dicen que la clave de todo lo que estamos buscando está dentro del petróleo y el gas porque todos sabemos aquí en Irak que cuando nos presenten la ley del petróleo y el gas será con una nueva tasa porque ¿cómo vas a decidir dividir lo que todos obtienen si no sabes cuál es la tasa? FRANK: La clave de todo está en esa HCL, que está en el presupuesto, que está esperando el nuevo tipo de cambio...

MZ: Hemos escuchado que la HCL es una gran pieza clave y están actuando como si ya lo hubieran hecho allí.

Miembro: ¿Sabemos si el rial está incluido en el RV?

MZ: No estamos seguros si irá al mismo tiempo que el dinar. Les gustaría. Irán se irá en algún momento… no hay duda.

MZ: “Venezuela fortalece lazos financieros con Rusia a través de conexiones interbancarias e integración de tarjetas Mir” Esto es más del mundo sorteando la hegemonía del dólar estadounidense y las sanciones que vienen de occidente en este momento. Ahora están configurados para usar el sistema Russian Mir y no el sistema Swift.

Miembro: ¿Alguna idea de cuántas personas en los EE. UU. tienen dinero para cambiar?

Miembro: No sé cómo alguien puede siquiera adivinar... muchos de nosotros hemos regalado dinero a amigos y familiares.

Miembro: El Dr. Young tenía una gran información. Vi su podcast el otro día. creo de. lo que dijo está todo hecho. solo estamos esperando el gatillo

Miembro: ¡XRP es el nuevo activo respaldado por oro de Nesara! Comercio digital en todo el mundo igual que en los 209 países registrados

Miembro: Acabo de leer sobre la república restaurada esta mañana Irak no puede RV hasta que en BRICS. Lo mismo con Vietnam.

Miembro: Así que tenemos, Goldie Locks, Militia Man, Wolverine, Nadar, Mark y muchos otros, todos diciéndonos algo diferente y contradiciéndose entre sí. Y la única constante es que patean la lata

Integrante: Yo creo que todos están informando lo que sus contactos les están diciendo. Depende de nosotros mantener la calma y esperar que algo de esto sea cierto.

Miembro: Tanto gurú conflictivo Intel. Sí flotar no flotar. RV o RI solo. Ahora tenemos que estar en BRICS o primero tiene que ocurrir una revalorización del metal.

Miembro: ¡El RV es como hacer Hokey Pokey en una boda con participantes intoxicados!

Miembro: ¿Cómo es que la gente de Irak no está formando disturbios? Les dijeron hace un mes que tendrían dinero nuevo en cajeros automáticos

Miembro: Si ve celebraciones en Irak y el Medio Oriente mañana, comprenda que el viernes es Hijri. Hijri es el Año Nuevo Islámico.

Miembro: Me temo que los poderes fácticos están desperdiciando el impulso. Es cierto que estaba mucho más entusiasmado con mis proyectos el año pasado. ¡Aprieta el gatillo, ya!

Miembro: Claro, es necesario que suceda algo real... algo que todos podamos ver... que realmente restauraría nuestra fe en el RV

Miembro: ¡Creo que estamos cansados ​​de la misma información todos los días que nos emociona y luego nunca sucede! ¡He estado haciendo esto desde 2006 y es difícil aceptar que me digan que está sucediendo durante años y no!

Miembro: Ruego que crucemos esta línea de meta antes de finales de julio…….

Miembro: Señor, concédenos la fuerza y ​​la sabiduría para superar estos tiempos.

"WILL IRAQ JOIN BRICS?" BY DINAR IRAQ & DONG VIETNAM UPDATE, 20 JULY

 WILL IRAQ JOIN BRICS?

Today, Monday (July 17, 2023), the Watcher Guru magazine, concerned with economic affairs, revealed “accelerated steps” by the BRICS economic alliance led by China and Russia to end the “dollar domination” of the international economy, stressing that the world is now awaiting a “decision from Baghdad.”

The magazine stated, according to its report, which was translated by (Baghdad Today), that “the BRICS alliance is now trying to persuade the largest oil countries, the most important of which are” Kuwait, Iran, the UAE and Saudi Arabia “to enter the BRICS alliance instead of the SWIFT system currently used and which is dominated by the US dollar, stressing that” in If Baghdad agrees to use the BRICS system, the rest of the oil-producing countries will follow in its footsteps,” according to its description.

--------

AN IRAQI ANALYST TOLD “FARES”: THE PRESENCE OF THE REPRESENTATIVE OF THE US TREASURY IN THE COMMERCIAL BANK OF IRAQ IS A VIOLATION OF IRAQ’S SOVEREIGNTY

Iraqi analyst Haitham Al-Khuzaie referred to the interventions of the US ambassador in Iraq’s internal and external affairs, stressing that the presence of the US Treasury representative in the Commercial Bank of Iraq is a violation of Iraq’s sovereignty and is rejected by every honorable Iraqi citizen.

The prominent Iraqi analyst said in an interview with Fars News Agency in this regard: How can a country build its internal and international political experience while the representative of the United Nations and the American ambassador are still interfering in its internal and external affairs, stressing that the interventions of the American ambassador and the representative of the United Nations must be limited by official means and binding them to the contexts of diplomatic action.

The media office of the President of the Republic stated in a statement received by Alsumaria News, that “Rashid instructed the need to work hard to implement Article (140) of the Constitution and end outstanding issues regarding it in a manner that preserves the rights of all,” stressing “the importance of following up on the implementation of the decisions of the Supreme Committee for the implementation of Article (140). Constitutional by holding meetings and meetings with the relevant authorities and giving priority to this file, which affects the lives of a wide segment of the components of Iraqi society.

-----

WHAT ATTRIBUTED THE DELAY IN LAUNCHING THE GENERAL BUDGET?

Today, Sunday, Member of Parliament Suhaila Al-Sultani attributed the delay in launching the general budget to the government’s appeal against some articles and paragraphs at the Federal Court.

Al-Sultani said in an interview with the information agency, “One of the reasons for not releasing the salaries of new appointees in the current budget is due to the appeals submitted to the Federal Court,” noting that “the coming period will witness the release of salaries for all job grades that were added during this period.

"The 6 Best Startups You Can Buy on Wefunder Right Now", BY Stavros Georgiadis, 20 JULY

 According to its website, “Wefunder is a new kind of stock market.” It focuses solely on startups and small businesses. The equity crowdfunding platform informs investors about the potential risks of investing in startups on its main webpage. Kudos is given to the management for this high level of transparency.

Among the top risks mentioned are overall higher riskiness, the odds of either winning big or losing all, and realistic expectations to invest for the long-term. There are positive aspects mentioned like building the future, getting several perks, and helping the companies succeed in their visions and goals.

Here are six of the best startups you can invest in on Wefunder now:

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

• EnGen Bio

• TheWMarketplace, Inc.

• Parknav

• Earth Rides

• Untapped Global

• Josh Terry BitVault LLC

Best Startups: EnGen Bio

A nurse cleans a patients are with a cotton ball after administering a flu shot.

What if one vaccine was enough to get lifetime protection from flu pandemics? EnGen Bio has developed such a vaccine and therapy to save thousands of lives per year and also to stop flu symptoms. More specifically, this is a global protection against the flu and all flu pandemics variations with a universal seasonal flu vaccine, requiring one or two shots at the most.

While many believe such a universal vaccine is impossible, EnGen Bio has managed a significant milestone to identify the influenza virus’ Achilles heel. Other than the human influenza vaccine, EnGen Bio is working on two other products: a human therapeutic antibody and a veterinary influenza vaccine.

The global economic cost of influenza is huge. In the U.S. market alone, it is estimated to exceed $11 billion. EnGen Bio has already issued eight flu vaccine patents in major markets and estimates there is a potential for sales of $2.6 billion in the U.S. market alone.

You can invest in EnGen Bio on Wefunder with a minimum investment of $100.

TheWMarketplace

TheWMarketplace is a community and e-commerce platform for women-owned services and products. The need to create a platform for female entrepreneurs, specifically targeting women shoppers so that women-owned companies get to keep 100% of their revenue, were among the top reasons for creating this platform.

Each day in the U.S market, women start more than 1,800 businesses. What is more impressive is that when it comes to purchasing decisions, women dominate by a staggering 83% over men.

Women can use the HER-Commerce™ program to make their digital stores and sell goods and services on a nationwide level. It is also cheaper than creating an individual e-commerce website from scratch. Lower development and marketing costs along with huge web traffic and the ability to form valuable partnerships are among the top features of TheWMarketplace.

The firm makes revenue projections that reach $30 million in less than 5 years. The vision is to “close the economic gender gap and change the world.”

• 7 Best Stocks to Buy for a Recession

You can invest in TheWMarketplace on Wefunder with a minimum investment of $250.

Best Startups: Parknav

Driving in a city can already be stressful because of traffic. But then what about finding parking without getting frustrated? Not finding a parking spot easily can lead to money and time loss.

Parknav has developed a real-time parking solution with the help of artificial intelligence (AI). It provides either free metered parking spots by using patented technology that is trusted by large and reputable companies such as BMW  (OTCMKTS:BMWYY), Deutsche Telekom, and Siemens (OTCMKTS:SIEGY).

The use of AI is effective in finding on-street parking and navigating to it. It allows the integration of live data and other cars, is available via mobile apps, and has a very high quality in the range of 85% to 95% when other parking solutions do not even reveal their figures.

Parknav can make cities better places to live by reducing carbon emissions and increasing quality of life for their citizens.

You can invest in Parknav on Wefunder with a minimum investment of $505.

Earth Rides

In business, there are no limits to how broad or strict opportunities may be. Earth Rides is a company in the rideshare space that uses only electric vehicles, specifically made by Tesla(NASDAQ:TSLA), to offer an experience based on premium electric car mobility. It is affordable, safe, and carbon-free transportation that is available to everyone everywhere.

The traction is already noticeable with more than 50,000 rides during the first year of operations and 25,100 new users and 65,000 riders added from July to December 2021.

Earth Rides has the advantage of building its brand name by being the first all-electric rideshare company. On top of that, it has a highly scalable business plan. Its core features are diversity, quality, reliability, and safety.

There is also promise to avoid surge pricing and an important partnership with Patagonia Nashville for on-demand delivery of their products. The food delivery expansion has continued with Eat Placemat firm, located in Nashville, which could be a pillar for additional delivery partners.

• The 7 Best Web 3.0 Stocks to Buy for March 2022

You can invest in Earth Rides on Wefunder with a minimum amount of $250.

Best Startups: Untapped Global

The concept of diversification is very important in the investment industry. Untapped Global provides support and investing in small businesses in emerging markets.

Companies in Africa, for example, may have a lot of potential, but might lack capital sources. Untapped Global has developed a digital platform named Smart Asset Financing that helps entrepreneurs finance their equipment needs to provide clean water, energy, and mobility to their communities.

Investors can search and connect with entrepreneurs based on criteria like industries, geography, and even currencies. The technology used addresses key factors, such as easy and rewarding investments, by focusing on transparency to investors about revenue generation and return of the investment. This happens in real-time and more than 500 companies worldwide have gained access to capital that probably would not be feasible under other business conditions.

The firm has already generated $1 million in revenue run rate and is growing extremely fast at 40% month-to-month.

You can invest in Untapped Global on Wefunder with a minimum amount of $250.

Josh Terry BitVault LLC

If you love the cryptocurrency market or think about investing in it, you could consider investing in a Bitcoin (BTC-USD) mining company.

The idea of investing directly in a bitcoin mining company addresses many problems. To start, Bitcoin mining is expensive. It needs a lot of technical know-how. You must deal with problems like heat, maintenance, and power. Additionally, there are considerable costs for repairs needed and for paying the miners.

Josh Terry BitVault LLC simplifies the whole bitcoin mining investing process by having a formula that lets you diversify your crypto holdings. Moreover, it promotes sustainable energy by running Bitcoin miners on wind power.

By not having to worry about the real worries of mining yourself, you participate in all the advantages of a larger facility run by experts.

• 7 Butchered Tech Stocks With Plenty of Hope Left

You can invest in Josh Terry BitVault on Wefunder with a minimum investment of $100.

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