Former Director of Iraq’s Ministry of Electricity Indicted for Squandering Public Funds
Former Director General of the Ministry of Electricity in Iraq is being held accountable for squandering public funds as declared by the Integrity Commission. The details of the case remain undisclosed, marking a significant stride in Iraq’s fight against corruption.
Former Director General Indicted
The Integrity Commission in Iraq, the authority responsible for maintaining transparency and accountability, has brought the former Director General of the Ministry of Electricity to justice for alleged misappropriation of public funds. The accused has not been named, and the specifics of the case are yet to be revealed.
Undisclosed Details
While the commission has been circumspect in providing details about the case, it’s clear that the indictment is a key part of Iraq’s ongoing crackdown on corruption. This case represents a significant step forward in the country’s efforts to hold public officials accountable for their actions, with the Ministry of Electricity being a major focus of anti-corruption efforts.
Corruption in Iraq: An Ongoing Battle
Corruption has long been a significant problem in Iraq, undermining the country’s development and contributing to widespread political and social instability. The indictment of a high-ranking official from the Ministry of Electricity underscores the magnitude of the problem and the government’s commitment to tackling it head-on. As Iraq continues on its path towards reform, the outcome of this case will undoubtedly set a significant precedent for future anti-corruption efforts.
Arab League and OIC Summit Calls for Arms Embargo against Israel
The Arab League and Organisation of Islamic Cooperation (OIC) joint summit has issued a comprehensive resolution, urging for an arms embargo against Israel and calling for an immediate cessation of military operations in Gaza amid the escalating conflict. The summit also stressed the need for the International Criminal Court to expedite its investigation into alleged war crimes committed by Israel against the Palestinians.
Joint Stance of Arab and Muslim Leaders
Leaders at the summit advocated for the creation of two specialized legal monitoring units to document Israeli crimes in Gaza and prepare for legal proceedings in international courts. There were also calls for all countries to halt exporting weapons and ammunition to Israel. The summit, hosted by Saudi Crown Prince Mohammed bin Salman, saw the Crown Prince condemning what he called a “barbaric war” against Palestinians and attributing the responsibility for the conflict to Israel.
Challenges to Consensus
Despite the unified calls for action, the summit faced challenges in reaching a consensus. An earlier draft resolution failed to gain a majority vote, with Tunisia and Iraq abstaining from the vote for the final resolution due to reservations on several points, including the two-state solution phrase and the phrase “killing civilians”. Nevertheless, the final resolution represents a unified stance from Arab and Muslim leaders.
Call for Accountability
The summit’s resolution called for a just and lasting peace based on the two-state solution and requested the international community to hold Israel responsible for its actions and protect the Palestinian people’s rights. It emphasized the need for the Prosecutor General of the International Criminal Court to launch an immediate investigation into the war crimes and crimes against humanity committed by Israel against the Palestinian people in all occupied Palestinian territories. The resolution also condemned Israel’s destruction of hospitals in the Gaza Strip, the blockade imposed on the region, and the displacement of Palestinians from their homes
FIREFLY: The television is talking about some economist...we trust him, saying Iraq needs to bring the dinar to a register inside of a basket with internationals...Then they say to us the reason for this is so the black market can be dealt with.
FRANK: This monetary reform education is at its best!
FIREFLY: The talks are about bringing value to the dinar. They also say they're going to give us metal currency. Coins...
FRANK: This is the part where I tell you, I told you so! Lol..They prepare you inside of Iraq for your new exchange rate by telling you about the coins. Those are even smaller than the new small category notes...
To see it right now is perfect timing...In these last final second of all this information is being given to you about your monetary reform... Congratulations. Every day is one breath closer to you new exchange rate before 2024.
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Mod: THANK YOU TO OUR VETERANS FOR YOUR BAVERY, SERVICE AND SACRIFIC!... GOD BLESS YOU ALL!
Member: Happy Veterans Day and God bless those whom served and our serving.
Member: I heard it rumored that the Chinese like numerology. 11/11 sure sounds like a good number to me!! Just let it go.
Mod: We start by honoring our veterans, Armistice reading, followed by the news and then some relaxed weekend time with the Matt and Lucas.
MZ: We are still watching to see what happens with the bond folks this weekend. There is a lot of focus on them this weekend and whether we are going to get a announcement and they get free movement of money .
MZ: The earliest we expected things was Friday evening…..The most probable time is Saturday. But there is nothing yet.
MZ: Mr. C has not been paid yet but, there is a lot of hope for this weekend. We really don’t expect any fireworks until later today. Don’t worry- I will share if I hear anything. If I do not come back with another video you will know things are still in the rumor mill and not ready to go yet.
MZ: MilitiaMan dropped a great video last night. Around the 15-16 minute mark has the article we talked about last night. Talking about the need to ascent to the World Trade organization with a accepted, international currency. And how this will sure the woes of other nations, the Fed, The Western banking world ect……..and how the dinar needs ot be included in the basket with other currencies…like Kuwait and Jordan ect……some of the most valuable currencies in the world. We know its coming….It is being discussed.
Member: Frank26 said last nite that WTO apparently was in Kurdistan with Barzani & Sunsmi. Said the currency was restriction free “ and to prepare to register inside a basket of international currencies.
MZ: Iraq is embracing alternative currencies like the Indian Rupee and the Chinese Yuan. Euro ect…….Many interesting things happening in Iraq that points to an ”International Currency” This means a new rate.
MZ: “The seventh Ambassadors conference confirms the increase in Iraq’s effectiveness regionally and internationally” Leaders from different regions got together to talk about their progress. This was a especially fruitful conference in Iraq.
Member: CBI, Federal Reserve sign deals to ease forex transfers from Iraq after intensive meetings in UAE..
MZ: In Vietnam: “ Lego’s 1Bn factory in southern Vietnam is 26 percent complete” Why is this important? It’s important because international business is looking at Vietnam as secure and stable…..They are employing up to 4 thousand. IMO this is a great one.
Member: RBC (Royal Bank of Canada) is buying HSBC in Canada for 13.5 billion
Member: Today is an 11:11 portal day! A day to manifest what you truly want. What you believe u can achieve. Best time is of course 11:11. 11am-11pm works also. Let’s manifest this RV in!!!
Member: Happy Veterans Day. A Big Thanks to All the Veterans that Sacrificed their lives for our Freedom. God Bless you all.
Member: Chocolate raises your vibration BIGTIME
Member: Everyone have a great weekend!!!
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY
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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
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Official source: Importing the dollar is legal according to effective instructions, 11 NOV
2023-11-10 11:08
Official source - Importing the dollar is legal according to effective instructionsShafaq News/ On Thursday, an official source refuted the allegations that there was no legal basis for the process of importing foreign currency by Iraqi banks.
The source told Shafaq News Agency: The decision of the State Shura Council (No. 2/2011) dated 1/10/2011, which says (there is no legal basis for importing currency) is correct. However, the Central Bank of Iraq issued its instructions in July 2011 and published them in the Iraqi Gazette, pointing out that every instruction published in the Iraqi Gazette is considered… A valid legal document.
Wednesday; The Central Bank of Iraq decided to allow Iraqi banks to import foreign currency according to 5 conditions.
It was stated in a letter sent by the Central Bank of Iraq to the licensed banks and obtained by Shafaq News Agency, “Based on the requests received to the bank, and in order to provide the required flexibility for banks operating in Iraq, it was decided to allow you to import foreign currency from outside Iraq while adhering to the following: –
1- The amounts shall be used for the purposes of meeting the requests of your customers from duly registered companies, organizations and bodies, and individuals working for foreign companies or institutions who receive remittances from outside Iraq.
2- Submit a request to the Central Bank of Iraq (Banking Control Department) that includes the quantity required to be entered along with the details of the shipment.
3- Payments must be entered exclusively through air ports.
4- Your commitment to register the serial numbers of these shipments and provide the Banking Control Department with them and the data of their recipients later.
5- Providing the Central Bank with the name of the foreign shipping company along with a copy of the license granted to it in its country.
The Central Bank of Iraq confirmed its continued provision of foreign currency to meet customer requirements and in accordance with instructions and controls in this regard.
A parliamentarian answers… Will restarting factories reduce demand for the dollar?, 11 NOV
11-10-2023
A parliamentarian answers... Will restarting factories reduce demand for the dollarInformation / Baghdad
Today, Friday, a member of the House of Representatives, Salem Al-Anbuki, explained the impact of restarting factories on the dollar in the Iraqi markets, while pointing to the factors of pressure on the parallel market.
Al-Anbaki said in an interview with Al-Ma’louma, “The most important factors putting pressure on the parallel market and pushing dollar prices to rise is the lack of national products that enable them to contain market demands for many goods, which leads to the import of approximately 95% of needs, which requires the availability of hard currency.” To the dollar.
He added, “Reconsidering the national economic strategy, pushing factories and laboratories to produce, and closing the large gap in the import balance will reduce the demand for the dollar by no less than 70%, which means a greater decline and gives greater flexibility in the markets.”
He pointed out that “the rise in the dollar causes severe harm to more than 13 million people who are below the poverty line because of its impact on raising prices, especially basic food items.”
The currency market in Iraq is witnessing a rise in the dollar exchange rate in recent weeks, especially as it approaches breaking the barrier of 170 thousand dinars per 100%.