Tuesday, September 3, 2024
DINAR REVALUATION REPORT: Corruption in Iraq: The Complex Issue of Political Protection, 3 SEPT
Corruption in Iraq: The Complex Issue of Political Protection
Corruption in Iraq is a pervasive issue that has long hindered the country's development and stability. As of September 3, 2024, the problem remains deeply entrenched, with political protection serving as a significant barrier to holding the corrupt accountable.
Iraq's Struggle with Corruption
Iraq has been grappling with corruption for decades. Despite some progress in key areas such as combatting corruption, addressing unemployment, and improving public services under Prime Minister Mohammed Shia al-Sudani's administration. the issue remains a major stumbling block in the country's efforts to achieve lasting peace and prosperity.
Political Protection: A Shield for the Corrupt
One of the most significant challenges in addressing corruption in Iraq is the phenomenon of political protection. This refers to the shielding of corrupt individuals from legal consequences by those in power. Members of parliamentary blocs have expressed their frustration, stating that they can identify the corrupt but are unable to hold them accountable due to the political protection they receive.
Impact on Governance and Society
The issue of corruption, compounded by political protection, has far-reaching consequences for Iraq. It undermines public trust in government institutions, erodes the rule of law, and exacerbates social and economic inequalities. This, in turn, fuels further unrest and instability, as seen through the ongoing protests and social unrest.
Efforts to Combat Corruption
Despite the challenges, there have been concerted efforts to combat corruption in Iraq. Prime Minister al-Sudani has made it a central part of his agenda, aiming to address the issue through structural reforms and anti-corruption measures. However, progress has been slow, and significant obstacles remain in the form of entrenched political interests and the lack of political will to fully address the problem.
The Role of International Community
The international community has also played a role in supporting Iraq's efforts to combat corruption. Assistance in the form of technical expertise, capacity building, and financial aid has been provided to strengthen institutions and promote transparency. However, the effectiveness of these efforts is limited by the persistence of political protection and the broader political climate in Iraq.
The Way Forward
Addressing corruption in Iraq requires a multifaceted approach that tackles the issue at its roots. This includes strengthening legal frameworks, improving the capacity of law enforcement agencies, promoting transparency and accountability, and fostering a culture of integrity among public officials. Most importantly, it necessitates the political will to hold the corrupt accountable, even when it involves powerful individuals or political allies.
Corruption In Iraq With “Political Protection”.. Parliamentary Bloc: We Identify The Corrupt And Cannot Hold Them Accountable, 3 SEPT
Corruption In Iraq With “Political Protection”.. Parliamentary Bloc: We Identify The Corrupt And Cannot Hold Them Accountable
Politics | Yesterday, 10:02 |Baghdad today – Baghdad Today, Monday (September 2, 2024), the Parliamentary Amal Bloc confirmed that there is protection for some corrupt and negligent people that prevents the Iraqi Council of Representatives from exercising its role in holding them accountable.
The head of the bloc, Representative Yasser Al-Husseini, told “Baghdad Today” that “there are negligent people and there are many great suspicions of corruption in various ministries and on the work of some ministers, but
at the same time there is political protection that prevents these people from being held accountable and interrogated in the House of Representatives, by the controlling parties.” On the governmental and parliamentary scene. Al-Husseini stated,
“Many of the representatives and parliamentary committees identify many cases of negligence and suspicions in the work of the ministries and some officials,
but any move by these representatives results in pressure to prevent any move for accountability or interrogation, and
for this reason you find the House of Representatives without a real oversight role due to the political protection of negligent and corrupt people.”.
Iraq is classified among the most corrupt countries in the world, in the Corruption Perceptions Index for 2023 issued by Transparency International, as Iraq ranked fifth among the most corrupt countries in the world.
The former Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Plasschaert, confirmed during her recent briefing on Iraq before the UN Security Council that corruption is still continuing in Iraq, noting at the same time that its treatment is not at the required level.
This was also confirmed by the German Ambassador to Iraq, Christiana Homann, in her first appearance after assuming the position, where she said,
“Yes, there are German investors who were asked to pay some kind of bribes and royalties in exchange for obtaining contracts, but they did not pay, as the matter is illegal in our country and they will be punished.” The law if they do so.
Iraqi officials do not deny the existence of rampant corruption in state agencies, through their political speeches and seminars to the media.
Everyone knows that the only issue that the political forces participating in the government have agreed upon is dividing the ministries and state institutions and turning them into sources of
rent for them.
This deep-rooted corruption is a serious obstacle to the country's development, undermining people's confidence and paralyzing all efforts to provide basic services to citizens, according to observers.
https://baghdadtoday.news/257005-الفساد-في-العراق-بـحماية-سياسية.-كتلة-نيابية-نشخص-الفاسدين-ولا-نستطيع-محاسبتهم.html
Coffee with MarkZ and Andy Schectman. 09/03/2024
Q & A TO ASK A WEALTH MANAGER BEFORE OR AFTER YOUR EXCHANGE BY FREEDOM FIGHTER & GOLDILOCKS, 3 SEPT
🚨SPECIAL: Wiley M TOP Questions to Ask A Wealth Manager Before OR After Your EXCHANGE
02/09/2024, 19:30:03
5:36
Thank you for tuning into our channel, Goldilocks Global Banking news.
All right, so the first question that you propose for the people is, are you a fiduciary when speaking to the wealth manager?
This is important, but if I can, I want to back up just one step real quick.
If I can absolutely talk about when they go do an exchange with that banker, whoever they've already done that introduction with or have that relationship with, or even if they don't and they go to do this exchange in a bank, I would bet just about everything they're going to say, hey,
would you like to talk to one of our financial planners or would you like to talk to our, our wealth manager?
Kind of same name, just different lingo.
Inside the bank, we know that they have all kinds of different titles, but that's the opportunity to say, yes.
Yes, I would not mind listening to that.
And that door, that way, that door is open for them.
And there's 50% of the battle.
They've already gave you the introduction.
All you have to do is walk through.
So what you're saying is that it's very beneficial for, for them to establish the relationship upfront at some point, even way before it's time to exchange.
That's, that's what I'm hearing, correct?
Well, they don't necessarily have to, but if they've already established that relationship with the bank, why not ask, do you have wealth management internally?
There's possibly I could visit with one of them quickly.
Do they have a minute to speak with me?
And then that's when you get their card or ore say, hey, can I, can I at some point sit down with you and talk about some different things?
Because you're going to pick up more information from them because they're more in tune to this than the true banker is because they have different roles.
Their role is to make you money.
Because the way they make money is.
The banker is more of a administrative executive role.
And with that said, I'm sorry to backtrack on you a little bit.
Yeah, but as far as the fiduciary.
Just, I think we talked about it the other day.
Fiduciary is just somebody who works in your best interest.
And they're gonna, they're gonna talk to you about this.
They're gonna disclose how they get paid or compensated, you know, and know that they work for you.
Now if they work for the entity or whoever, they will have to disclose that as well.
They don't want to get caught in some issues with you or anything.
And let this flow like a conversation you're having with a personal friend.
It's, it's, it's not as challenging.
I've had people dm me thinking it is so.
Because ultimately the wealth manager that they're interviewing that person works.
Now if it's a scenario we spoke of just a little bit ago, now if they work for the bank, right, and they're, they're part of the bank in the wealth management division, they work for the bank, but they have to work on your best interest.
That's their fiduciary responsibility.
Which, which leads me into what I was talking about a little bit, that they're going to work in your best interest.
So one of those things that I'd ask is like, hey, I'm, hey, how much is this?
Do I have to pay upfront fees?
And these are, ask these however you want, but they will explain that to you.
But what I want to give you all tonight is just a base foundation of just a common, like, freedom.
And I talking here tonight, just having a conversation back and forth.
And that's what it should be like.
And just the easy flow with like you, like you're sitting down talking to.
Talking to a friend that you're looking to get information from.
Because you're going to visit with this guy quite a little bit as you get ramped up and as you get going to do different things and as you start learning more about what it is they can do for you and how your money is working.
And there's no such thing as a stupid question.
DINAR REVALUATION REPORT: THE PROPOSAL BY THE CBI TO REPLACE THE SWIFT SYSTEM, 3 SEPT
The recent proposal by the Central Bank of Iraq to replace the SWIFT system with direct banking relations through international correspondent banks is a significant development with potential implications for Iraq’s financial system. Here are some key takeaways and implications of the proposed changes:
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