The Iraqi Central Bank announced the growth of Iraq’s foreign reserves 7% in 2017

 

The Central Bank of Iraq announced on Tuesday that foreign reserves grew 7% in 2017, stressing that these reserves are distributed in eight countries.
The bank said in a statement that “the annual reports of data in 2017 showed growth of foreign reserves by 7% compared to 2016,” indicating that “the investment portfolio of US dollar also grew by 38% as a result-oriented investment in the currency of the dollar bonds and treasury bills and deposits.”
The bank added that “investment portfolio in gold also saw a positive growth rate of 15% in 2017, which caused a parity value in 2017 compared to 2016, as the Bank’s investments of Islamic instruments grew by 50%.”
“The reserve department takes into account the importance of the geographic distribution of investments,” he said. “These reserves are distributed among eight countries, the United States, Switzerland, France and Britain.”
On December 26, 2017, Iraqi Central Bank Governor Ali al-Alak announced that the Bank’s foreign currency reserve stood at 48 billion dollars.

http://en.economiciraq.com/2018/03/20/the-iraqi-central-bank-announced-the-growth-of-iraqs-foreign-reserves-7-in-2017/

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Baghdad requires the delivery of oil imports of Kurdistan in return for the full payment of salaries of staff of the region



Demonstrations in four Kurdish cities turn into sit-ins

Mar 21, 2018

Baghdad, «Al-Quds Al-Arabi»: The cities of Sulaymaniyah, Halabja, Kermian and Rania, northern Iraq, on Tuesday, mass demonstrations of teachers and employees of health departments, in protest against the continuation of the Kurdistan Regional Government «cut» their salaries and not spend «full».

The demonstrators threatened, according to press sources and eyewitnesses, to continue to demonstrate, and turn to a general strike, until the response to their demands.

Also, the doctors announced the province of Sulaymaniyah, strike work in health centers, until the payment of salaries in full, while the Minister of Health in the Kurdistan region to review urgently the system of saving salaries. The committee supervising the strike said in a statement that “the doctors of Sulaymaniyah have concluded that the government of the province has no intention of improving the salaries of doctors, teachers, employees and other classes.” Doctors have been on strike from now on due to poor living conditions .

She added that «the strike will always include all health centers and emergency hospitals», stressing that «the strike will continue until the payment of salaries in full».

In the context, the Minister of Health in the Kurdistan Regional Government, Rikout Hama Rashid, that the Council of Ministers of the region will review the system of saving salaries for staff and employees after the holiday holiday «Noroz».

He wrote on his official page on social networking sites «Facebook», that «both the Prime Minister of Kurdistan, Nezhirvan Barzani and his deputy Kebad Talabani, stressed the urgent review of the system of saving salaries».

And previously for the presidency of the Council of Ministers of the Kurdistan Region, announced yesterday that the Ministry of Finance of the Territory will not be able to pay the salaries of all employees of Kurdistan from the allocations provided for in the federal budget for Iraq in 2018, pointing out that the Ministry of Finance found itself obliged to include the amount mentioned in the book Bank Central Iraqi oil revenues to the Kurdistan region to pay the salaries of the month of November 2017 for the region’s employees according to the system of savings.

Politically, MP from the bloc «Change» Kurdish, Hoshyar Abdullah, the growing situation of «anger and resentment» in the street because of the Kurdish «failure» Prime Minister Haider Abadi promises to pay the salaries of the region’s employees directly.

He pointed out that «Abadi handing over the share of the region from the budget to the two ruling parties is a green light for them to proceed with the policy of mandatory savings of salaries of employees».

He said in a statement that «Abbadi over the past months was given promises to pay the salaries of employees of the Kurdistan region directly to each ministry separately, and announced that he does not trust the ruling political class in the region», expressing his regret that «his words (Abadi) in his press conferences that Held every Tuesday without credibility. ”

The Kurdish MP, Wa’ud al-Abadi, did not deal with the corrupt in the region as “false”, accusing Abbadi of “complimenting the ruling parties in the region (the Kurdistan Democratic Party and the Patriotic Union of Kurdistan).”

“It seems that Abbadi has raised the policy of compulsory saving of salaries of employees when he gave the provincial government the share of 317 billion dinars and give them the green light to manage the proceeds of oil as they like.

He explained that «the audit carried out by the committees sent to the region was just a process of review is useless», adding: «After the return of a series of courtesies between Abadi and the Kurdistan Democratic Party, the territorial government announced its continuation in the policy of compulsory saving, which means that there are no salaries for employees, As they were also threatened to reduce their salaries, which caused the growing state of boiling in the streets of Kurdistan ».

He added: «As a representative of the bloc of change for the province of Sulaymaniyah, provided more than one initiative to solve the problem and the disbursement of salaries directly from the federal government, whether through ministries or provinces or directorates or even by the General Committees, but Abadi in the end likely to Dealing with Nizirvan Barzani and Qubad Talabani and leaders of the two main parties ».

He pointed out that «people in the region today are frustrated after the promises of Abbadi went windy, and they see that he is the primary responsible for not paying their salaries because it merges the corrupt and corrupt government in the Kurdistan region».

The Ministry of Finance in the Kurdistan government, yesterday, the arrival of salaries of its employees from the federal government, referring to the disbursement of these salaries on Monday and Tuesday.

In contrast, the media office of the Iraqi Prime Minister, that the remaining funds to pay the salaries of the region’s employees are in the hands of the territorial government, paid by the oil exports, which did not pay to Baghdad, indicating that the central government paid its equivalent in accordance with the principle of equality.

The spokesman for the office, Saad al-Hadithi, that «the budget requires the delivery of the region funds arising from the oil exports from the wells located within the geographical area of Kurdistan in return for securing the salaries of the salaries of the region’s employees. According to the site «Information».

He added that «Kurdistan did not deliver those funds to the federal government», noting that «Baghdad has handed over the region agreed financial ratios of salaries of employees of Kurdistan, and that the remaining funds paid by the Government of Kurdistan from the revenues of oil exports, which did not pay to the center according to the principle of equality».

According to informed sources, the federal government can send the salaries of employees of the region “full”, without any deduction or savings, if the Kurdistan oil imports to the federal government.

http://www.alquds.co.uk/?p=901260

Abadi congratulates Kurdistan in Kurdish language

 

Abadi congratulates Kurdistan in Kurdish language
 Twilight News    
 3 hours ago

Iraqi Prime Minister Haidar al-Abadi on Tuesday congratulated the people of Kurdistan in the Kurdish language on the occasion of the Norouz holidays.

“I would like to congratulate the people of Kurdistan on the occasion of Nowruz by saying, ‘Every Nawroz and you are well and I hope that next year will be better than the previous year,'” Abadi said during the weekly conference.

Nahrain University holds a scientific symposium on the role of the Central Bank in the settlement of salaries

 

 Banks

Economy News _ Baghdad

On Tuesday, the University of Nahrain held a scientific symposium entitled “Role of the Central Bank of Iraq in the settlement of salaries”, in the presence of the Director of Payments Department in the Central Bank, Subhi Abdul Karim, the financial and economic adviser to the Association of Iraqi Private Banks Samir Nusairi and a number of professors and specialists in economic affairs.
The financial adviser of the Association of Iraqi Private Banks Samir Nusairi, during the seminar, which was attended by “Economy News”, that the process of settling salaries is to enhance financial inclusion, which is a key objective in the strategy of the Central Bank for the years 2016-2020, noting that this project in fact to increase the prevalence In the next three years to about 30%, which means increasing the number of bank accounts by a large percentage.
He added that “the achievement of financial inclusion is linked to the strengthening of confidence in the Iraqi banking sector and attract home-based deposits, which exceed 77% of the total market cash volume of 48 trillion dinars, in addition to the creation of modern banking products that enhance customer confidence in the banking sector.”
For her part, the Director of Payments Department at the Central Bank, Subhi Abdul Karim, said that the Central Bank to develop a strategy on the subject of settling salaries to shift to electronic payment through the settlement of salaries of employees to be an effective tool in the transfer of e-culture culture of the community, indicating that the project will follow other projects aimed at Conversion of houses to banks to build reliable financial institutions in the next stage of investment.
“The central bank, in cooperation with government and private banks, will hold a week of financial coverage in the last week of April to introduce citizens to the importance of financial inclusion and to encourage participants to provide modern banking services to all segments of society.”

http://economy-news.net/content.php?id=11646

Parliamentary Finance Committee reveals the amount of funds sent from Baghdad to the Peshmerga forces

 

البرلمان العراقي

ARAB WORLD

 

The Parliamentary Committee of the Parliamentary Finance Committee, the MP of the Kurdistan Alliance, Ahmad Hama, told the correspondent “Sputnik” in Iraq, on Tuesday, 20 March, on the amount of funds sent by the federal government to pay the salaries of Peshmerga forces of the Kurdistan region.

Hama assured our agency, that the Iraqi federal government, sent an amount of 317 billion Iraqi dinars, to the Kurdistan region, to spend on the salaries of employees of all ministries, including Peshmerga forces.

He explained that the amount of 35 billion dinars allocated to the Peshmerga forces, noting that “the agreement with the center, was to spend the salaries of the ministries of health and education only, but changed overnight, and Baghdad sent the full funds to all ministries.”The decision of the Finance Committee in the Iraqi parliament, MP from the Kurdistan Alliance for the mass of the Islamic Group, at the end of his speech, to the existence of a political agreement or what he called “cook”, resulting in the federal government to pay the salaries of all the employees of the region in all ministries, not only health and education.

“The Federal Ministry of Finance will pay the salaries of all employees of the Kurdistan region, including the Peshmerga forces, with the emphasis on continuing audit to ensure that salaries reach the beneficiaries,” a statement by the Iraqi prime minister said on Monday (March 19th).

The official spokesman of the Ministry of Health in the Kurdistan Region, Khalis Qadir, said in a statement to correspond with us, on March 2, that the commissions sent by the federal government to the region has gone a long way in resolving the outstanding issues between the parties.

He explained that the competent committees of the federal government, which works to audit the salaries of employees of the Kurdistan region, so far completed more than 96% of the instructions entrusted to it.

The official spokesman of the Ministry of Health in the Kurdistan Region, Khalas Qadir, in a special statement to the ” Sputnik ” in Iraq , on February 5, that the volume of funds salaries of employees of the Ministry of Health in the Kurdistan region for the month of January, about 50 billion Iraqi dinars, because the total staffing of the staff is 52 thousand employees.

“The Iraqi government has sent 317 billion dinars to the Kurdistan region, and this money is for all ministries, including the Ministry of Peshmerga and security forces, and not only the Ministry of Education, the Ministry of Finance and Economy in the Kurdistan Regional Government, after the arrival of salaries from the center, And health “.

The ministry added that the Kurdistan Regional Government needs 900 billion dinars, to distribute the salaries of all ministries without the system of saving the salaries of employees.

According to the Ministry of Finance and Economy in the Kurdistan region, the salaries of employees of the Ministry of Health, Municipalities, Tourism, Interior, Martyrs, Martyrs and Anfal families, and political, financial and sexual prisoners will be distributed on Monday and Tuesday during this week.

https://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&sp=nmt4&tl=en&u=https://arabic.sputniknews.com/arab_world/201803201030924738-%25D8%25A7%25D9%2584%25D8%25B9%25D8%25B1%25D8%25A7%25D9%2582-%25D8%25A7%25D9%2584%25D8%25A8%25D8%25B4%25D9%2585%25D8%25B1%25D9%2583%25D8%25A9-%25D8%25A8%25D8%25BA%25D8%25AF%25D8%25A7%25D8%25AF-%25D8%25A7%25D9%2584%25D9%2584%25D8%25AC%25D9%2586%25D8%25A9-%25D8%25A7%25D9%2584%25D9%2585%25D8%25A7%25D9%2584%25D9%258A%25D8%25A9-%25D8%25A7%25D9%2584%25D8%25A8%25D8%25B1%25D9%2584%25D9%2585%25D8%25A7%25D9%2586%25D9%258A%25D8%25A9/&xid=17259,15700021,15700105,15700124,15700149,15700168,15700173,15700186,15700201&usg=ALkJrhgmJq9lqGl3IkGQ6_vww2bgrWQiYg

These are the decisions of the Cabinet today

 

 
The Cabinet held its regular session Tuesday, March 20, 2018 under the chairmanship of the Prime Minister, Dr. Haider Abadi.

The council voted on a draft of the cooperation project in the field of finance and insurance with the Chinese government side.

The system of missions, fellowships and financial assistance was voted on.

The Cabinet voted on the registration of diplomatic vehicles.

Also voted on the draft law abrogating law no. 127 of 1981, the law of ratification of the Arab Labor Convention No. 10 of 1979 on paid study leave and Arab Recommendation No. 3 of 1979 attached thereto.

The Council voted on the draft law for the ratification of the basic cooperation agreement between the Government of the Republic of Iraq and the United Nations Industrial Development Organization (undp).

During the meeting, the Cabinet reviewed a report on the launching of reconstruction activities, whether through the plan of action to restore stability or through the data of the Kuwait Conference.

A bill to regulate the limits of excreta for agricultural land and orchards was also voted on.

He also presented a report on the completion of the chemical weapons destruction program in Iraq.

http://alforatnews.com/modules/news/article.php?storyid=161641

Abadi policy speaks about the interest of the Kurds and the distribution of salaries

Abadi talks about the interest of the Kurds and the distribution of salaries
 40 minutes ago

Iraqi Prime Minister Haider al-Abadi on Tuesday called on all concerned in the Kurdistan Region to monitor the distribution of salaries to the employees of the region.

“I call on everyone in the Kurdistan region to monitor the distribution of salaries to citizens,” Abadi said at the weekly press conference.

“Abadi said that” the imposition of the authority of the federal government in the Kurdistan region is in the interest of the Kurdish citizen, “he said.

The Council of Ministers of the Kurdistan Region announced on Monday that it received the amount of 371 billion and 540 million and 465 thousand Iraqi dinars from the Central Bank of Iraq for the salaries of employees and workers in the region, including the Peshmerga forces, indicating that the Ministry of Finance and Economy in Kurdistan can not secure the salaries of all employees, Has been approved from the share of the province in the federal budget for the current year.

The Federal Ministry of Finance has recently announced the launch of salaries of all employees of the Kurdistan Region, including salaries of the Peshmerga forces, stressing the continued scrutiny to ensure that salaries reach the beneficiaries.

The Ministry of Finance and Economy in the Kurdistan Regional Government announced on Sunday, Sunday, the distribution of salaries of employees of the Ministry of Education for the month of November 2017, both inside and outside cities, indicating that after the holiday of Norrouz will resume the salaries of other ministries.

http://www.shafaaq.com/ar/Ar_NewsReader/710f0a61-b4bd-4681-a9dd-380f263c3b44

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