WOTS THUR JUL 8 21
No My FX Buddies Podcast today
The dollar exchange rates in the local markets for Thursday, (July 8, 2021), according to specialists' monitoring.
Baghdad - Kifah Stock Exchange
147,200.... Basra - Bursa
147,250 Mosul - Bursa
147,500The Markets:
The Asian markets closed down NIK by .88% HSI by 2.89% SHANG down by .79%
The UK markets are currently trading in the red from 1.34% to .52%
Our futures are currently trading down DOW at 34057 by 1.48% SNP at 4286 by 1.145% NDX at 14593 down by 2.30%
Precious Metals:
Gold is green at 1811 Silver is green at 26.14 Copper is re at 424 Platinum is red at 171
Brent 72 WTI 71 Bitcoin: 32,675 10 yr yield: 1.25
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1433.4000 |  1484.2000 | 1456.9000 | 1456.9000 | 1456.9000 | -0.3000 | 06:10 |
| USD/VND | 22676.0000 | 23352.7200 | 22991.1300 | 22988.2600 | 22988.2600 | 2.8300 | 06:10 |
| USD/CNY | 6.4633 | 6.4653 | 6.4789 | 6.4616 | 6.4779 | -0.0145 | 07:15 |
| USD/KWD | 0.3005 | 0.3015 | 0.3010 | 0.3007 | 0.3008 | 0.0001 | 07:15 |
| GBP/USD |  1.3834 | 1.3835 | 1.3840 | 1.3778 | 1.3796 | 0.0038 | 07:18 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14488.0000 | 14488.0000 | 14539.0000 | 14474.0000 | 14515.0000 | -25.0000 | 07:17 |
Things in the News:
Iraqi Articles:
Oil prices fall after talks with major producers collapse
Oil prices fell, Thursday, amid uncertainty over supplies after talks between major producers collapsed this week, which could lead to the abandonment of the current production agreement.
Brent crude futures were down 7 cents at $73.33 a barrel by 05:07 GMT, and US West Texas Intermediate futures were down 23 cents, or 0.32%, at $71.79 a barrel.
Brent prices have fallen nearly 5% since Monday's close after talks between the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, known as OPEC+, collapsed when Saudi Arabia, its largest producer, rejected demands from the United Arab Emirates to increase its production.
Three OPEC+ sources said on Wednesday that Russia was trying to mediate between Saudi Arabia and the UAE to help seal a deal to increase oil production. Read more
Prices found some support from the significant decline in oil inventories in the United States as oil inventories in the world's largest oil consumer fell by eight million barrels in the week ending July 2nd.
Concerns about the Corona virus affected prices as well, as Japan, the fourth largest oil user in the world, is set to declare a state of emergency for the Tokyo region until August 22 amid a new wave of infections and South Korea reported its highest level ever. Daily COVID-19 cases.
The Pentagon vows: We will take the necessary steps to respond to the attacks against our forces in Iraq
The US Department of Defense "the Pentagon" clarified, Wednesday, July 7, 2021, that it took the necessary steps to respond to the attacks against its forces in Iraq, noting that any response would be in .coordination with the Iraqi government
A source in the US Department of Defense stated, "We do not seek escalation and any response will coordinate ".with the government of Iraq and the international coalition against ISIS .
We will take the necessary steps to respond to attacks against our forces in Iraq," he added"
And sources from the US Department of Defense suggested that armed groups were behind targeting the Ain Al- .Assad military base in Iraq
An attack with 14 missiles targeted, at the time of Wednesday, the Ain al-Assad base, which includes US soldiers, in Anbar Governorate, slightly wounding three people, according to a spokesman for the international coalition, .Wayne Maroto
Maroto said in a tweet on Twitter, that the bombing took place at 12:30 local time, and the missiles landed on the .base and its surroundings
CBI Update: Just a note:
including $0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
including $0. CASH
ISX Update:
Shares Traded: not updated for today
Value Traded: not updated for today
7-8-2021 Intel Guru Fleming Wednesday RV Report: Our military intel contact said that we need to be watching for the shotgun start and T4B notifications Thu and Fri 8-9 July...SO WE ARE IN A REALLY GOOD PLACE RIGHT NOW...He said it’s not a matter of RV teams “deciding if they are going to release the RV,” it’s a matter of WHEN to release the shotgun start in the coming hours or days; again he does not know the exact timing but IT IS BEING MOVED FORWARD OVERNIGHT THROUGH THE REST OF THIS WEEK...he said keep prayers going up as we are AT THE END OF THIS ARDUOUS PROCESS and we are about to BREAK THROUGH TO THE LONG-AWAITED BLESSING.
7-7-2021 Intel Guru Bruce [via WiserNow] ...we know that at least 2 of the banks have NDA's that are 6 pages long...that all employees...had to sign... obviously they let the tellers in and every employee of the bank in on what is going on and what’s about to take place for them to have to sign the DNA – it’s a very good sign of how close we really are to going...
7-7-2021 Newshound Guru Militaman A "global currency reset" has sort of been a mythology...a coined phrase on the Internet. Interesting enough the White House has adopted a terminology..."real financial reset". 'Real financial Rest' and 'Global Currency Reset' those names are pretty pseudonymous IMO.
7-7-2021 Intel Guru MarkZ [via PDK] Not much news on redemptions…they have done a good job shutting down leaks on that...I do have people sitting in place in conference rooms in Europe waiting for some news. ...Right now we seem to be in a holding pattern but at least they want them on the premises right now. They want them physically there now…not just on call.
7-7-2021 Intel Guru Bruce [via WiserNow] We have new information that was pointing toward this happening...Thursday or Friday...we do talk to people in Iraq - we have contacts in Fallujah – Baghdad – and a few other places – this last comment came out of Baghdad from some of our people and it indicates that Iraq has now a fully convertible new Iraqi Dinar – or new IQD - and that means that it is digitally available and exchangeable globally- in other words its convertible to other currencies...to be completely convertible – as a currency... [today] Wednesday...
7-7-2021 Intel/Newshound Guru sandyf When I read...Rates having Parity in the Middle East - There can never be parity unless the variables are similar, Kuwait and UAE have billions in circulation, Iraq has trillions. I can remember when there was parity between the UK and US, $2.40/GBP and 240 pennies/GBP. Then there was a redenomination in the UK making 100 pennies/GBP. A redenomination in Iraq would bring the currencies much closer together.
7-7-2021 Newshound Guru Pimpy It looks like ISIS is starting to make sure they are being heard...they're definitely starting to make noise all over again...we definitely don't want this. Call it a 'coinkadink', call it what you will but these guys came to power in rows after being funded, trained and given weapons by the Obama Administration...back then he was calling them rebels when they were fighting against Syria but they went out of control...nonetheless they were funded and armed and trained by us...it's magical how the O'biden administration is in and once again they're starting to make some noise...it's something we need to be aware of...
7-7-2021 Intel Guru MarkZ [via PDK] The news is still not negative. ...On...the group side I am hearing they plan to pick up where they left off a week ago on group processing so money could start flowing. I’m hearing this could start this afternoon. I hope this is accurate.
7-7-2021 Intel Guru Frank26 The word "mechanism" when translated in the Middle East means it's a plan. And that's the plan for the monetary reform. - to use all these mechanisms...QFS...The special drawing rights...digital currency...Swift system...countries pouring into Iraq - none of these things have ever been anywhere near reality. Why now? What is it that is so different today than it was just two years ago? They're Article VIII. Now does that mean they lifted the value of their currency? IMO on the second set of books you're darn right they have! And they're going to do it now on their original set of books, announce it to the world and make it retroactive. They are getting closer and closer...
7-7-2021 Newshound Guru MilitiaMan Article: "Al-Rasheed launches a new meal from the predecessors of the Ministry of Defense and Interior, employees and retirees" Quotes: "all beneficiaries who receive text messages to review the bank's branches or electronic payment offices to receive the amount."; "raise the amounts in the balances of those registered on the advances through the bank's own application." Think about the timing of this. Text messaging the citizens to come in an get payments electronically. Are they to get the amounts in new digital currency? New small category notes? Instantaneously they all get notification. Sounds like what we have been told in the past would happen.. It is like an Amber Alert.. I like it. The timing is perfect. imo
7-7-2021 Newshound Guru Militaman A "global currency reset" has sort of been a mythology...a coined phrase on the Internet. Interesting enough the White House has adopted a terminology..."real financial reset". 'Real financial Rest' and 'Global Currency Reset' those names are pretty pseudonymous IMO.
7-7-2021 Intel Guru MarkZ [via PDK] Not much news on redemptions…they have done a good job shutting down leaks on that...I do have people sitting in place in conference rooms in Europe waiting for some news. ...Right now we seem to be in a holding pattern but at least they want them on the premises right now. They want them physically there now…not just on call.
7-7-2021 Intel Guru Bruce [via WiserNow] We have new information that was pointing toward this happening...Thursday or Friday...we do talk to people in Iraq - we have contacts in Fallujah – Baghdad – and a few other places – this last comment came out of Baghdad from some of our people and it indicates that Iraq has now a fully convertible new Iraqi Dinar – or new IQD - and that means that it is digitally available and exchangeable globally- in other words its convertible to other currencies...to be completely convertible – as a currency... [today] Wednesday...
7-7-2021 Intel/Newshound Guru sandyf When I read...Rates having Parity in the Middle East - There can never be parity unless the variables are similar, Kuwait and UAE have billions in circulation, Iraq has trillions. I can remember when there was parity between the UK and US, $2.40/GBP and 240 pennies/GBP. Then there was a redenomination in the UK making 100 pennies/GBP. A redenomination in Iraq would bring the currencies much closer together.
7-7-2021 Newshound Guru Pimpy It looks like ISIS is starting to make sure they are being heard...they're definitely starting to make noise all over again...we definitely don't want this. Call it a 'coinkadink', call it what you will but these guys came to power in rows after being funded, trained and given weapons by the Obama Administration...back then he was calling them rebels when they were fighting against Syria but they went out of control...nonetheless they were funded and armed and trained by us...it's magical how the O'biden administration is in and once again they're starting to make some noise...it's something we need to be aware of...
7-7-2021 Intel Guru MarkZ [via PDK] The news is still not negative. ...On...the group side I am hearing they plan to pick up where they left off a week ago on group processing so money could start flowing. I’m hearing this could start this afternoon. I hope this is accurate.
7-7-2021 Intel Guru Frank26 The word "mechanism" when translated in the Middle East means it's a plan. And that's the plan for the monetary reform. - to use all these mechanisms...QFS...The special drawing rights...digital currency...Swift system...countries pouring into Iraq - none of these things have ever been anywhere near reality. Why now? What is it that is so different today than it was just two years ago? They're Article VIII. Now does that mean they lifted the value of their currency? IMO on the second set of books you're darn right they have! And they're going to do it now on their original set of books, announce it to the world and make it retroactive. They are getting closer and closer...
7-7-2021 Newshound Guru MilitiaMan Article: "Al-Rasheed launches a new meal from the predecessors of the Ministry of Defense and Interior, employees and retirees" Quotes: "all beneficiaries who receive text messages to review the bank's branches or electronic payment offices to receive the amount."; "raise the amounts in the balances of those registered on the advances through the bank's own application." Think about the timing of this. Text messaging the citizens to come in an get payments electronically. Are they to get the amounts in new digital currency? New small category notes? Instantaneously they all get notification. Sounds like what we have been told in the past would happen.. It is like an Amber Alert.. I like it. The timing is perfect. imo
Catnip's Corner:
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ARTICLE 1 (from PM Kadhimi's website)
The Council of Ministers holds its regular session headed by Prime Minister Mustafa Al-Kazemi
Today, Tuesday, Prime Minister Mustafa Al-Kazemi chaired the twenty-sixth regular session of the Council of Ministers, in which the developments of events in the country were discussed, and topics on the agenda were discussed, foremost of which is the file of electricity and residential lands for citizens.
The session witnessed extensive and lengthy discussions on the electricity file, and a detailed report from the Ministry of Electricity was reviewed on the challenges and obstacles and the most important proposed solutions to address the problem.
In this regard, Mr. Al-Kazemi referred to the sabotage attempts that targeted electric power towers last week, which were aimed at impeding the highest production ceiling that we have reached, and stressed that the investigation will soon reveal the full reasons behind the decline in electric power in the country, and the repeated targeting of transmission towers.
His Excellency stressed the need to raise the state of alert on the part of the security forces in order to protect the generation plants and power transmission towers, pointing to the ability to thwart a number of sabotage and terrorist attempts, and the arrest of a number of saboteurs and the killing of others. .
The Prime Minister stressed that this government has worked to increase the production of electric power, and the opening of several stations, and it is continuing to increase production and overcome obstacles to opening stations and contracting, indicating that poor planning, corruption and chaos in decision-making represent a heavy legacy in the electricity file, and the current government is working on Bypass it and put this file on the right track.
After the Council of Ministers discussed what is on its agenda with regard to the electricity file, it took decisions related to the electricity sector represented in overcoming obstacles to many projects and protecting towers, and the profitable Ministry of Oil companies lending to the Ministry of Electricity companies an amount of (50) billion dinars to cover emergency expenses, and the Pay the amount within one year.
The Cabinet also discussed the file of allocating residential plots to citizens, and the right of every family to own decent housing that preserves its dignity.
Mr. Al-Kazemi confirmed his personal follow-up to the technical team of the website for its launch soon, as they were met today to review the developments regarding the project and the launch of the website, which will ensure a fair and transparent distribution, free of favoritism, and according to the total points that each citizen will obtain.
His Excellency explained that the government's plan to grant land will include distributing 550,000 residential plots from the start. During the past months, the government was able to complete the secretion of lands for 17 new cities in all governorates except for the region, and the lands of 8 of them became technically complete and ready for distribution, amounting to more than 338 thousand housing units.
His Excellency directed the concerned government agencies to make every effort to provide the largest possible number of plots of land for all segments of Iraqi society.
Al-Kadhimi stressed that all groups that do not have housing, and have never benefited from a plot of land granted by the state, will be included in obtaining a plot of land, stressing that the priority in the plots of land will be for the families of the martyrs, the poor classes, and families with lower incomes.
Mr. Al-Kazemi indicated that there is another initiative parallel to the residential land distribution initiative, which is to grant loans to citizens in order to help build their housing units on their lands; Which will revitalize the urban movement and provide more job opportunities.
The session witnessed a review of the work of the Committee to Strengthen Governmental Measures to limit the spread of the Corona pandemic, especially in light of the noticeable increase in the number of reported injuries recently, as it was agreed to hold a session of the Supreme Committee for Health and Safety soon.
With regard to the preparations for visiting Arafat, it was approved that the Ministry of Finance allocate an amount of (2000,000,000) dinars, only two billion dinars, to the holy governorate of Karbala from the emergency reserve, for the purpose of securing the expenses of visiting Arafah and providing services to visitors, based on the provisions of Article (5) of the General Federal Budget Law for the year Finance/ 2021.
With regard to the government’s efforts to reform, combat corruption and waste, and properly plan for economic development in the country, Resolution of the Ministerial Council for Social Services No. (1 of 2021), which includes contracting with one of the major international companies specialized in management in the capacity of a consultant to the government, was approved by the Ministries of Planning and Finance, both according to Its tasks that are established in its law, or jointly and in a manner that ensures the provision of optimal advice to the Council of Ministers and the preparation of economic and financial indicators to guide the development path at the macro, sectoral and spatial levels.
The Council agreed that the Ministry of Planning would contract with international and local companies and consulting offices specialized in the field of project management and implementation, and prepare feasibility studies to ensure the best consistency and speed of project management and implementation.
He also agreed that the implementing agencies (sectoral ministries, governorates, and agencies) would seek the assistance and contract with global and local companies and consulting offices specialized in project management and implementation, and prepare feasibility studies, to ensure better performance, consistency and speed for project management and implementation.
Media Office of the Prime Minister
6 - July - 2021
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ARTICLE 2 (from Government of Iraq twitter account)
Cabinet spokesperson : It has been approved to grant the Ministry of Electricity has (50 billion IQD) for maintenance purposes.”
Cabinet spokesperson : “The @IraqiGovt has a determination to correct the course of the electricity sector and the available capabilities.”
Cabinet Spokesperson : “ There is reassurance on the flow of Iranian gas that will keep electricity generation going, and we are working on the Gulf interconnection projects in addition to the Jordanian and Turkish lines.”
Cabinet Spokesperson - Culture Minister @HassanNadhem holds a press conference in Baghdad and briefs the media on today's cabinet session and developments in Iraq.
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ARTICLE 3
All the decisions witnessed by the cabinet session today, headed by Al-Kazemi
2021.07.06 - 20:23
Baghdad - people
The Council of Ministers, during its regular session, Tuesday, which was chaired by the Speaker of the Council, Mustafa Al-Kazemi, took a number of decisions, and issued a number of directives, related to electricity, services and health.
The Media Office of the Council of Ministers stated in a statement, of which “Nass” received a copy, (6 July 2021), that “Prime Minister Mustafa Al-Kazemi chaired, today, Tuesday, the twenty-sixth regular session of the Council of Ministers, in which the developments of events in the country were discussed, and the developments of events in the country were discussed, and the developments in the country were discussed. Topics included on the agenda, foremost of which is the file of electricity and residential lands for citizens.
The statement added that "the session witnessed extensive and lengthy discussions on the electricity file, and a detailed report from the Ministry of Electricity was reviewed on the challenges and obstacles and the most important proposed solutions to address the problem."
According to the statement, Al-Kazemi referred to "the sabotage attempts that targeted electric power towers last week, which were aimed at impeding the higher production ceiling that we reached, and stressed that the investigation will soon reveal the full reasons behind the decline in electric power in the country, and the repeated targeting of transmission towers."
Al-Kazemi stressed "the need to raise the state of alert among the security forces in order to protect the generation plants and power transmission towers, pointing to the ability to thwart a number of sabotage and terrorist attempts, and the arrest of a number of saboteurs and the killing of others, and the last thing that was thwarted was a sinister attempt that occurred this morning." Today".
The Prime Minister stressed that "this government has worked to increase the production of electric power, and the opening of several stations, and it is continuing to increase production and overcome obstacles to the opening of stations and contracting, indicating that poor planning, corruption and chaos in decision-making represent a heavy legacy in the electricity file, and the current government is working on override it and put this file on the right track."
The statement pointed out that "after the Cabinet discussed what is on its agenda regarding the electricity file, it took decisions related to the electricity sector represented in overcoming obstacles to many projects and protecting the towers, and the profitable oil ministry companies lending the Ministry of Electricity companies an amount of (50) billion dinars. To cover emergency expenses, the amount is paid within one year.
According to the statement, the Cabinet discussed "the file of allocating residential plots to citizens, and the right of every family to own decent housing that preserves its dignity."
Al-Kazemi confirmed, "He personally followed up the technical team of the website for its launch soon, as they were met today to see the developments regarding the project and the launch of the website, which will ensure a fair and transparent distribution away from favoritism, and according to the total points that each citizen will get."
He explained that "the government's plan for granting land will include distributing 550,000 residential plots from the start. During the past months, the government was able to complete the secretion of lands for 17 new cities in all governorates except for the region, and the lands of 8 cities became technically complete, and ready for distribution by more than 338." A thousand housing units.
The Prime Minister directed "the concerned government agencies to make every effort to provide the largest possible number of plots of land for all segments of Iraqi society."
Al-Kazemi stressed that "all groups that do not have housing, and have not previously benefited from a plot of land granted by the state, will be included in obtaining a plot of land," stressing that "the priority in the plots of land will be for the families of the martyrs, the poor classes, and families with lower incomes."
And Al-Kazemi indicated that "there is another initiative parallel to the residential land distribution initiative, which is to grant loans to citizens in order to help build their housing units on their lands, which will activate the urbanization movement and provide more job opportunities."
The session witnessed a review of the work of the Committee to Strengthen Governmental Measures to limit the spread of the Corona pandemic, especially in light of the noticeable increase in the number of reported injuries recently, as it was agreed to hold a session of the Supreme Committee for Health and Safety soon.
With regard to the preparations for the visit to Arafat, the statement indicated that “it was approved to allocate the Ministry of Finance an amount of (2000,000,000) dinars, only two billion dinars, to the holy governorate of Karbala from the emergency reserve, for the purpose of securing the expenses of visiting Arafah and providing services to visitors, based on the provisions of Article (5) of the Federal General Budget Law for the fiscal year 2021.
The statement continued, "With regard to the government's efforts to reform, combat corruption and waste, and properly plan for economic development in the country, the Ministerial Council for Social Services Resolution No. (1 of 2021), which includes contracting with one of the major international companies specialized in management in the capacity of a consultant to the government, was approved by the two ministries of planning. And finance, each according to his tasks established in his law, or jointly and in a way that ensures the provision of optimal advice to the Council of Ministers and the preparation of economic and financial indicators to guide the development path at the macro, sectoral and spatial levels.
According to the statement, the council agreed that the Ministry of Planning would contract with international and local companies and consulting offices specialized in project management and implementation, and prepare feasibility studies to ensure better consistency and speed for project management and implementation.
The statement added that "the council agreed that the implementing agencies (the sectoral ministries, governorates, and agencies) take over the assistance and contracting with global and local companies and consulting offices specialized in the field of project management and implementation, and the preparation of feasibility studies, to ensure better performance, consistency and speed for project management and implementation."
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ARTICLE 4
Al-Kazemi’s advisor sets a condition for dealing with financial abundance from high oil prices
07:53 - 06/07/2021
Baghdad - Mawazine News
Today, Tuesday, Adviser to the Prime Minister, Alaa Abdel Hussein, set the date for repaying the loans, while indicating that the government can only dispose of the financial abundance from the rise in oil on condition.
Abdul-Hussein said, "The improvement in oil prices in the global market is positive for the economies of the oil-producing countries, especially those that depend largely on oil in their budgets," noting that "the interest that Iraq derives during this year from the increase in oil prices will contribute to covering the budget deficit of 29 to 30 trillion dinars, if prices continue in this way until the end of the year.”
He added, "In the event that the price of a barrel of oil exceeds $77, this will contribute to achieving an abundance that is not very large, but will contribute positively to the state's general budget for the next year and will help the Iraqi government with the issue of repaying the loans on it."
Abdul-Hussein stated that "the current oil levels will provide, from now until the end of the year, surpluses that will help Iraq in the budget and achieve a financial abundance that the government cannot dispose of, except through a supplementary budget," ruling out "organizing a supplementary budget within the current data, but this abundance may be Next year, the government will help to repay the loans.”
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ARTICLE 5
Launching a new initiative to confront serious financial crimes in Iraq
July 6, 2021
The Independent/- The United Nations Development Program in Iraq, in cooperation with the United States government and the Supreme Judicial Council of Iraq, today launched a multi-year training initiative aimed at strengthening and improving the investigation process of complex organized and financial crimes in Iraq.
The training program “Organized and Financial Crime Investigations” focuses on implementing an integrated approach that will develop relevant skills, expertise, techniques and procedures for the benefit of Iraqi judges and other stakeholders in order to support effective investigations into complex financial crime cases. The program also raises a number of recommendations to improve policies and procedures for the investigation and prosecution of complex organized and financial crimes, and contributes to preparing a road map for implementing those policies.
As part of this initiative, UNDP will work with judges, prosecutors and financial crime investigators to implement workshops in collaboration with Iraqi government institutions dealing with organized and financial crime, and to draft a handbook on leading and conducting complex financial crime investigations.
The head of the Supreme Judicial Council in Iraq, Judge Faiq Zaidan, said that the goal of the program is to “strengthen the procedures and work of investigative judges to deal with and technically lead complex financial crimes investigations, in close cooperation with colleagues from the investigative bodies represented by the Integrity Commission, the Financial Supervision Bureau, and the Anti-Terrorism Office Money laundering and terrorist financing at the Central Bank, and the relevant investigation directorates at the Ministry of Interior.
While the US ambassador to Iraq, Matthew Tueller, indicated that Iraq needs “effective tools and policies to support the investigation of financial crimes and the prosecution of their perpetrators, because the motive behind the majority of these criminal crimes is personal enrichment at the expense of the Iraqi state and the people.”
Tueller said that the US State Department was pleased to fund the evaluation carried out by the United Nations Development Program to identify the reality of investigative capabilities in financial crimes in Iraq; The evaluation helped lay the foundations for the training program and was instrumental in formulating guidelines for financial investigation techniques for the benefit of judges and investigators.
Ms. Zina Ali Ahmed, Resident Representative of the United Nations Development Program in Iraq, noted that “this program and the accompanying document illustrate the complexity of organized financial crimes such as corruption, money laundering and the illegal accumulation of wealth, which contribute to creating an atmosphere of illegal privileges and injustice. These crimes also constitute a major obstacle to economic recovery, stability and development in Iraq. The United Nations Development Program is ready to work alongside the Supreme Judicial Council of Iraq and other institutions to help put an end to these crimes, and we extend our deep thanks and gratitude to the US Department of State for funding this important initiative.”
It is noteworthy that the United States provided funding for this project, which is implemented by the Security Sector Reform and Rule of Law Section of the United Nations Development Program in Iraq.
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