By John Lee.

The Central Bank of Iraq (CBI) has reported that 28 banks and 22 remittance companies took part in its currency auction on Thursday.

A total of $121,558,416 sold at a price of 1182 Iraqi Dinars (IQD) per dollar.

(Source: Central Bank of Iraq)

Jubouri and his two deputies are using 200 parliamentary vehicle for "personal purposes" per the cost of two million dinars per month

Published on: Today, 13:27





Political source revealed early Thursday, the parliament speaker Salim al-Jubouri and his two deputies Hamoudi and Aram Sheikh using 200 vehicles belonging to the House of Representatives for personal purposes, noting that the cost of Aluahdo of which exceed two million dinars a month.

The source told "Sky Press," that "the deputy speaker of parliament Humam Hamoudi has nearly 60 of the Council car allocate the budget of the Parliament", stressing the last that did not reach any one of those cars to the parliament but was only to serve the people of his home. "

"The Deputy Speaker of Parliament Aram Sheikh also has 60 dedicated budget car from an ad hoc Council also to serve his family," stressing that "the latter did not reach out to Baghdad to attend parliamentary sessions being flown."

He noted that "the parliament speaker Salim al-Jubouri has nearly 80 vehicles to serve his relatives," stressing that "the cost of the car per two million dinars a month."

He revealed the Parliamentary Finance Committee member Magda Tamimi, Thursday, about the corruption files in the three presidencies, stressing that the presidencies "open" budget without supervision or accountability, while criticized the delay and the deduction of daily wage earners’ salaries.

Iraq and many countries in the world is witnessing an economic crisis, as a result of falling oil prices in the global stock, below $ 48 per barrel, up from $ 110.

Iraq relies, by 85%, on oil as well as Iran and Russia Almtdharran biggest with Iraq in the lower price, as a result, the Iraqi government was forced to announce, an austere operations, in general in the country in an attempt to fill the budget deficit, as well as the government announced Iraq, reducing the Council of Ministers’ salaries 50%.

http://skypressiq.net/15690-%D8%A7%D…%8A%D8%A7.html

The black market exchange rate of the Libyan dinar against the US dollar, the hard currency most exchanged by Libyans and sold by the Central Bank …

The establishment of investment funds in banks and stimulate the capital market

4/27/2016 0:00

BAGHDAD – Mostafa Hashemi
He said director of market systems department at the Securities Commission Ali Abdel Sayed importance of expediting the establishment of the Deposit Insurance Corporation to protect depositors in the private and government banks contributing to restore the confidence of investors and savers in the national banks, as well as encouraging local banks to establish investment funds with the approval of the Central Bank.


And between Abdel Sayed need to exploit the elements of the investment environment for securities well available in Iraq of the presence of the securities market efficiently manage securities trading in a fair, efficient and orderly, as well as having a special good system depository,

clearing and settlement in the Iraqi depository center, pointing to the existence of instructions relating to all regulatory and supervisory aspects of the securities markets issued under the Securities Act No. 74 of 2004.

He called Abdel Sayed during a workshop organized by the stock market earlier this week to establish a committee of the General Secretariat of the Council of Ministers and the Securities Commission and the Iraqi market for securities and central bank and those sectoral

and circle recording companies to follow up and monitor the performance of the board of contributing to the executive and management companies in the commitment to implement the obligations provided for by law they are responsible for the performance of
their companies.

he added that it is necessary to stand up to the measures taken by some sectoral entities that adversely affect the shares of their companies and their performance rates ,which, explaining that the Central Bank is the sector’s 43 companies listed in the market out of the 98 listed companies , a 23 banking firm six financial investment companies and 14 money transfer company.

He said the central decision to increase the capital of banks to 250 billion dinars effect in both stock prices and the performance of companies, shareholders and local investors
and foreigners.

He that any banking company decided to increase the capital to 250 billion dinars ,according to Article 55 / I of the companies Act (subscription at nominal value amounting to KD) and the company ‘s share price in the market of 500 fils or less (ie , less than thenominal value of the share) Is is true?

He Abdel Sayed need to be made ​​to contribute to listed companies disclosure early for annual financial statements during the period not to exceed 45 days after the end of its fiscal year, in addition to the annual and quarterly disclosure in accordance with the timing and the accounting board of directors and executive management in the event of non – compliance with the deadlines
specified.

http://alsabaah.iq/ArticleShow.aspx?ID=115369