RayRen98 (TNT)
BANK STAFFERS ARE FRUSTRATED, THEY WERE “TOLD” BY UPPER MANAGEMENT TO EXPECT LARGE CROWDS LAST WEEKEND GOING INTO THIS WEEK. BUT, THERE WAS A HICCUP THEY WERE NOT AWARE OF AT “THAT” TIME…
RayRen98 (TNT)
Global Currency Reset:
Thurs. 7 Sept. 2023 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#
“Manipulating the dollar at an Iraqi airport.” A deputy identifies the bank and calls on the Sudanese to intervene
The representative of Najaf Governorate, Ahmed Majeed, demanded on Thursday that Prime Minister Muhammad Shia’a Al-Sudani intervene to stop the manipulation and embezzlement of dollars at the Mosul Bank branch in Najaf airport.
According to Majeed, the Integrity Commission found out that the Al-Najaf Airport Branch of the Mosul National Bank for Investment and Development transferred the airport’s balance from dollars to dinars using the official rate. This was done despite the existence of funds in dollars, and the bank eventually closed the current account.
He said, “The Bank of Mosul is seen as the tool of one of the economic parties. It has led to a loss of public funds amounting to 1.14 billion dinars due to the conversion of revenues from dollars to dinars and the disbursement of funds at the official rate.”
Majeed has confirmed that a request has been submitted to the Prime Minister, Muhammad Shia’ al-Sudani, to initiate a high-level investigation into the embezzlement of funds. This request also calls for the exemption of the director of Najaf Airport, due to the airport administration’s collusion with the bank’s administration.
The Federal Integrity Commission recently announced that it has taken control of all the violations committed by the Mosul National Bank for Investment and Development – Najaf Airport Branch. The bank was responsible for holding itself accountable for causing a loss of more than one billion dinars due to the airport administration’s inaction. The bank exploited this situation for its benefit, and it was legally liable for the loss.
Comment could not be obtained from the bank or Najaf airport regarding this matter.
An economist showing the possibility of exporting fuel outside Iraq
Economic affairs researcher Muhammad Al-Saadi explained on Thursday that the government could move towards exporting refined fuel rather than just crude oil.
Al-Saadi stated that Iraq exports about 3.5 million barrels of crude oil per day, while using more than 700,000 barrels internally.
The country can utilize its remaining oil reserves to produce gasoline and kerosene for internal fuel needs.Additionally, there is a possibility of exporting a part of it abroad, provided that oil refineries are established in each governorate. The establishment of these refineries will help the country achieve self-sufficiency in fuel and avoid relying on imported fuel and materials involved in fuel production.”
The head of the Parliamentary Oil Committee has recently mentioned that a few provinces in Iraq, including Dhi Qar, are experiencing fuel scarcity due to a delay in the arrival of fuel additives from the Emirates. He suggested that if each province had its own refinery, it would eliminate the need for importing fuel and make Iraq a source of oil derivatives. This would generate significant revenue for the state treasury.
AL-SUDANI SPONSORS THE SIGNING OF AN AGREEMENT WITH THE INTERNATIONAL FINANCE CORPORATION TO DEVELOP AND REHABILITATE BAGHDAD INTERNATIONAL AIRPORT