Home
Iran is using Iraqi funds to save its economy collapsed
Monday 0.25 May 0.2015
Iraqi Council of Representatives received a boost from the financial accounts of the closing of the budgets of eight years (2006 2013) of the rule of former Prime Minister Nuri al-Maliki, in order to review and approval, which is an illegal act in accordance with the norms of parliamentary systems and traditions, because the main role of the legislative authority is to review the year's accounts Previous and approval, and then to approve the budget of the new year referred to it by the government or the executive branch, and in implementation as stipulated in the Iraqi constitution.
Knowing that the 2014 budget year, which were not approved by the parliament at the time, returned several times to the Council of Ministers to make adjustments illegal because of irregularities in it.
The lie financial and economic risk in attempts are underway to hold a political deal parliamentary ratification of the final accounts for the past years, and the silence on the hundreds of billions of dollars wasted, which benefited a number of senior politicians, as well as out large sums of money, part of which went to countries neighbors, especially Iran, which has benefited from its control over Iraq, which it considers the most important windows to compensate at least partially for losses resulting from the application of international sanctions against it, and save its economy besieged.
According to the Integrity Commission, the parliamentary information to the budget that has been spent during the seven-year period (2006-2012) amounted to 614 billion, with the addition of the budget 2013, the total $ 727 billion becomes, which is a very large amount and enough to build a new Iraq as a whole, while the spending on investment projects and infrastructure was absent, so that housing, electricity and water problems remained the same without any treatment but it increased exacerbated, in light of the growing rate of unemployment and high rates of extreme poverty in the oil producer and has the largest reserves in the ground.
It is currently a team of MPs to prepare detailed studies for the loss of hundreds of billions of dollars during the reign of al-Maliki, and demanded the parliament speaker sound Alajaburh an investigation to absolute transparency, to know the reasons for this great waste of people's money and determine whether they are beneficiaries of politicians (ministers and deputy) is based, or from neighboring countries, as a prelude accountable.
Money smuggling
began the Central Bank of Iraq in 2011 to put an end to display the foreign currency, in an attempt to address concerns relating to money laundering and terrorist financing, and since it (ie central) is the main source of funds for the foreign exchange market, the foreign currency auctions instructions led to the widening difference between exchange rates in the official and parallel markets (sometimes up the difference to 250 dinars each US $), and in the absence of adequate capacity of the financial sector on the implementation of preventive measures to combat money laundering and terrorist financing, the central bank saw the need to restrict foreign currency display to prevent illegal use foreign exchange.
But who ever recorded by the facts of auctions is just on the basis of the need to meet the demand, no matter how its size, especially since Iraq is not anxious to put cash reserves which is estimated at more than $ 100 billion.
If the central bank's management has assumed that the daily sale in currency auction Foreign must not exceed $ 100 million, the real sales, which aims to meet the demand was double that amount, and sometimes up to $ 280 million, says the financial sources of the increase in conversion may represent smuggling or Gsala of funds.
According to the explanations of the Chairman of the Finance Committee in Parliament Iraqi Ahmad Chalabi, the central bank sold through foreign currency auction amounted to 312.7 billion dollars during the period between 2006 and 2014, equivalent to about 57% of the total and wills oil amounting to 551.7 billion dollars, while the total import of the government in that period amounted to 115 billion dollars only, while the remaining amount, or about $ 197 billion has moved towards the private sector, but it is brimming with so much about his need import.
According to economic reports to be increased demand for the dollar due to the Iranian traders to obtain it from the Iraqi market impact of international sanctions tightened imposed on Iran, accompanied by a representative's remarks accusing a number of banks Ptwhit money and smuggling, after it became clear that hundreds of billions of dollars out of Iraq without the entry of any imported goods in return.
Iran trade
Iran trade has evolved with Iraq a great development recorded leaps unprecedented, in recent years, using all available windows to rescue the Iranian beleaguered economy, and statistics indicate that trade between the two countries jumped from $ 750 million in 2005 to more than 13 billion dollars in 2014.
It is expected the President of the Chamber of Commerce Tehran Yahya Al-Ishaq access to $ 25 billion annually in the coming years, with reference to the seriousness of the great imbalance in the unequal balance of trade in favor of Iran.
swings Iraq from year to year between rank first trade partner and the second to Iran, as it continues to occupy first place net importer of non-oil commodities, where imported 72 percent of the total local Iranian goods, acquires Tehran through its exports to 17.5 percent of the Iraqi market, and aspires to reach close to 25 percent.
With the economic losses that Iraqis are incurred as a result the expansion of the organization "Daash", is looking forward to capture a significant share of construction contracts, especially that Iraq is now receiving about 70 percent of the technical and engineering Iranian services, in addition to the construction of 15 thousand housing units project was handed its inception to contractors Iranians who aspire to the commitment and implementation A large part of the housing units that intend to Baghdad built in the coming years and the more than two million units.
is currently involved Iran in 27 projects to generate electricity worth one billion and $ 245 million, and hopes Iranian Energy Minister Hamid Chet Xi'an that acquires his country at between 5 to 10 percent in development projects in Iraq costing $ 275 billion until 2017.
The financing of terrorism
speaks Baghdad full frankly about accusing a number of deputies who deal with commercial banks to carry out related to money laundering and smuggling to neighboring countries, in the absence of transparency, the first responsibility lies with the government in Baghdad to see the beneficiary of these funds and identify the participating countries, with reference to the Political sources tend towards Iran given the necessary need to finance the military, political and economic plans in Iraq, Syria, Lebanon, Yemen, and other countries, to meet political influence, especially after full control over most sectors of the Iraqi economy.
It comes in this framework, the US move, which he has done recently Treasury Secretary Assistant Anti-Terrorism and Financial Intelligence Office Daniel Glazer, directed a message to the branches of Lebanese banks operating in Iraq and its relationship with the question of the possibility of "Daash" funds go to the Lebanese banking system, and ultimately into the international financial system.
Highlights in this area American generalization of the concept of terrorism and his inclusion in a number of organizations and countries that even President Barack Obama called Iran explicitly as a "sponsor of terrorism, and supports terrorist groups," noting that it contributes to the support of the Syrian regime, Hezbollah and supports in Lebanon, and Hamas in the Gaza Strip, and help the insurgents in Yemen, "and accusing it of being" engaged in risky behaviors and destabilizing to the stability of the region. "
In spite of that the nuclear deal expected final signature before the end of June next between Iran and the six countries, will raise a large part of the sanctions imposed on Tehran, but he would not include related terrorism sanctions, as well as trade sanctions and investment imposed on Iran in 1995 under President Bill Clinton, which prevented US companies from doing business with Iranian oil, and prevented them from exporting goods and products to a third country intends to re-export or included in the products and part of Iran.
and prevented the transport of goods through the atmosphere or land Iran or the American people as a mediator in any commercial operations Iran is a party.
It was later in 2011 to expand these sanctions and its emphasis where it became include foreign subsidiaries of US companies and those that exceed the percentage owned in 50 percent.
as well as expanded US sanctions to include foreign banks dealing with Iranian banks Ttaulha sanctions.
with reference to it in order to lift these sanctions, the US President to assure the Congress that Iran has abandoned its support for terrorism and stopped seeking to acquire nuclear, biological and chemical weapons and ballistic missiles and related technologies.
[You must be registered and logged in to see this link.]
Monday 0.25 May 0.2015
Iraqi Council of Representatives received a boost from the financial accounts of the closing of the budgets of eight years (2006 2013) of the rule of former Prime Minister Nuri al-Maliki, in order to review and approval, which is an illegal act in accordance with the norms of parliamentary systems and traditions, because the main role of the legislative authority is to review the year's accounts Previous and approval, and then to approve the budget of the new year referred to it by the government or the executive branch, and in implementation as stipulated in the Iraqi constitution.
Knowing that the 2014 budget year, which were not approved by the parliament at the time, returned several times to the Council of Ministers to make adjustments illegal because of irregularities in it.
The lie financial and economic risk in attempts are underway to hold a political deal parliamentary ratification of the final accounts for the past years, and the silence on the hundreds of billions of dollars wasted, which benefited a number of senior politicians, as well as out large sums of money, part of which went to countries neighbors, especially Iran, which has benefited from its control over Iraq, which it considers the most important windows to compensate at least partially for losses resulting from the application of international sanctions against it, and save its economy besieged.
According to the Integrity Commission, the parliamentary information to the budget that has been spent during the seven-year period (2006-2012) amounted to 614 billion, with the addition of the budget 2013, the total $ 727 billion becomes, which is a very large amount and enough to build a new Iraq as a whole, while the spending on investment projects and infrastructure was absent, so that housing, electricity and water problems remained the same without any treatment but it increased exacerbated, in light of the growing rate of unemployment and high rates of extreme poverty in the oil producer and has the largest reserves in the ground.
It is currently a team of MPs to prepare detailed studies for the loss of hundreds of billions of dollars during the reign of al-Maliki, and demanded the parliament speaker sound Alajaburh an investigation to absolute transparency, to know the reasons for this great waste of people's money and determine whether they are beneficiaries of politicians (ministers and deputy) is based, or from neighboring countries, as a prelude accountable.
Money smuggling
began the Central Bank of Iraq in 2011 to put an end to display the foreign currency, in an attempt to address concerns relating to money laundering and terrorist financing, and since it (ie central) is the main source of funds for the foreign exchange market, the foreign currency auctions instructions led to the widening difference between exchange rates in the official and parallel markets (sometimes up the difference to 250 dinars each US $), and in the absence of adequate capacity of the financial sector on the implementation of preventive measures to combat money laundering and terrorist financing, the central bank saw the need to restrict foreign currency display to prevent illegal use foreign exchange.
But who ever recorded by the facts of auctions is just on the basis of the need to meet the demand, no matter how its size, especially since Iraq is not anxious to put cash reserves which is estimated at more than $ 100 billion.
If the central bank's management has assumed that the daily sale in currency auction Foreign must not exceed $ 100 million, the real sales, which aims to meet the demand was double that amount, and sometimes up to $ 280 million, says the financial sources of the increase in conversion may represent smuggling or Gsala of funds.
According to the explanations of the Chairman of the Finance Committee in Parliament Iraqi Ahmad Chalabi, the central bank sold through foreign currency auction amounted to 312.7 billion dollars during the period between 2006 and 2014, equivalent to about 57% of the total and wills oil amounting to 551.7 billion dollars, while the total import of the government in that period amounted to 115 billion dollars only, while the remaining amount, or about $ 197 billion has moved towards the private sector, but it is brimming with so much about his need import.
According to economic reports to be increased demand for the dollar due to the Iranian traders to obtain it from the Iraqi market impact of international sanctions tightened imposed on Iran, accompanied by a representative's remarks accusing a number of banks Ptwhit money and smuggling, after it became clear that hundreds of billions of dollars out of Iraq without the entry of any imported goods in return.
Iran trade
Iran trade has evolved with Iraq a great development recorded leaps unprecedented, in recent years, using all available windows to rescue the Iranian beleaguered economy, and statistics indicate that trade between the two countries jumped from $ 750 million in 2005 to more than 13 billion dollars in 2014.
It is expected the President of the Chamber of Commerce Tehran Yahya Al-Ishaq access to $ 25 billion annually in the coming years, with reference to the seriousness of the great imbalance in the unequal balance of trade in favor of Iran.
swings Iraq from year to year between rank first trade partner and the second to Iran, as it continues to occupy first place net importer of non-oil commodities, where imported 72 percent of the total local Iranian goods, acquires Tehran through its exports to 17.5 percent of the Iraqi market, and aspires to reach close to 25 percent.
With the economic losses that Iraqis are incurred as a result the expansion of the organization "Daash", is looking forward to capture a significant share of construction contracts, especially that Iraq is now receiving about 70 percent of the technical and engineering Iranian services, in addition to the construction of 15 thousand housing units project was handed its inception to contractors Iranians who aspire to the commitment and implementation A large part of the housing units that intend to Baghdad built in the coming years and the more than two million units.
is currently involved Iran in 27 projects to generate electricity worth one billion and $ 245 million, and hopes Iranian Energy Minister Hamid Chet Xi'an that acquires his country at between 5 to 10 percent in development projects in Iraq costing $ 275 billion until 2017.
The financing of terrorism
speaks Baghdad full frankly about accusing a number of deputies who deal with commercial banks to carry out related to money laundering and smuggling to neighboring countries, in the absence of transparency, the first responsibility lies with the government in Baghdad to see the beneficiary of these funds and identify the participating countries, with reference to the Political sources tend towards Iran given the necessary need to finance the military, political and economic plans in Iraq, Syria, Lebanon, Yemen, and other countries, to meet political influence, especially after full control over most sectors of the Iraqi economy.
It comes in this framework, the US move, which he has done recently Treasury Secretary Assistant Anti-Terrorism and Financial Intelligence Office Daniel Glazer, directed a message to the branches of Lebanese banks operating in Iraq and its relationship with the question of the possibility of "Daash" funds go to the Lebanese banking system, and ultimately into the international financial system.
Highlights in this area American generalization of the concept of terrorism and his inclusion in a number of organizations and countries that even President Barack Obama called Iran explicitly as a "sponsor of terrorism, and supports terrorist groups," noting that it contributes to the support of the Syrian regime, Hezbollah and supports in Lebanon, and Hamas in the Gaza Strip, and help the insurgents in Yemen, "and accusing it of being" engaged in risky behaviors and destabilizing to the stability of the region. "
In spite of that the nuclear deal expected final signature before the end of June next between Iran and the six countries, will raise a large part of the sanctions imposed on Tehran, but he would not include related terrorism sanctions, as well as trade sanctions and investment imposed on Iran in 1995 under President Bill Clinton, which prevented US companies from doing business with Iranian oil, and prevented them from exporting goods and products to a third country intends to re-export or included in the products and part of Iran.
and prevented the transport of goods through the atmosphere or land Iran or the American people as a mediator in any commercial operations Iran is a party.
It was later in 2011 to expand these sanctions and its emphasis where it became include foreign subsidiaries of US companies and those that exceed the percentage owned in 50 percent.
as well as expanded US sanctions to include foreign banks dealing with Iranian banks Ttaulha sanctions.
with reference to it in order to lift these sanctions, the US President to assure the Congress that Iran has abandoned its support for terrorism and stopped seeking to acquire nuclear, biological and chemical weapons and ballistic missiles and related technologies.
[You must be registered and logged in to see this link.]
