WOTS MON OCT 4 21
Al-Kazemi’s advisor proposes solutions to reduce the value of the dollar
These are the articles I discussed on today's My FX Podcast
Raising the credit rating of Iraq through reforms and activating the private sector
Updated cash sterilization
Adviser to the Prime Minister clarifies the bonds of {construction} and their objectives
"The issuance of construction bonds supports public finances by borrowing from the public's financial surpluses," Saleh told {Euphrates News}.
And that "this step will be either putting these funds into the investment budget or reconstruction and strengthening the capital of government banks, especially the real estate and housing banks, to raise the lending capacity of citizens."
He stressed that the decision "supports the renaissance of construction, which is the process of recycling savings and converting them into investments, which is a positive step that supports citizens and moves stagnant funds."
The Ministry of Finance / Public Debt Department announced today, in cooperation with the Central Bank of Iraq, the issuance of construction bonds tradable in the stock market, with the guarantee of the Ministry of Finance.
And Finance published the categories of bonds offered for trading, which are {a bond of 500 thousand dinars with an annual interest of 6% for two years, and a bond of a category of one million dinars with an interest of 7% for a period of 4 years}.
The ministry pointed out that "the public wishing to purchase can submit their requests through authorized banks," calling "all investors and citizens to take advantage of this investment opportunity, because of its returns in favor of the borrower (the investor) and for the entire national economy."
She pointed out that "the process of trading these bonds comes in accordance with the plans and mechanisms of the financial sustainability process and its improvement, in addition to the positive economic effects of raising the levels of economic activities for various sectors and enhancing the provision of broad development opportunities and within the framework of implementing the paragraphs of comprehensive financial and economic reform plans within the adoptions of the white paper, and in implementation of programs Developing fiscal and monetary policy in Iraq.
Iraqi banks acquire 99% of government bonds
A government source said, on Monday, that most of the bonds offered by the government are bought by banks through their cash reserves with the Central Bank of Iraq, while citizens are satisfied with only one percent of those bonds.
From time to time, the Central Bank issues bonds in favor of the Ministry of Finance, for the purpose of financing some public expenditures, as it recently issued construction bonds in denominations of 500 thousand dinars and one million dinars.
The source told Shafak News Agency, "The banks use the mandatory cash reserve at the bank, which ranges between 35 to 40% of its capital of 250 billion dinars, for the purpose of purchasing the bonds offered by the government through the Central Bank."
The source added, "99% of these bonds are bought by banks and one percent is bought by the citizen," noting that "buying bonds by banks achieves great profits for them through the high interest offered, and the amounts that banks buy for these bonds are frozen with the bank as a reserve. You will drive it by buying these bonds."
The source noted, "The government issues bonds from time to time due to its lack of financial liquidity to finance public expenditures," noting that "the government owes the Central Bank more than 21 trillion dinars as a result of borrowing funds during the last period to cover employee salaries and other expenses."
Warning of a new rise in dollar prices.. Exchange offices hold the Iraqi Central responsible
Some owners of exchange offices in the Iraqi capital, Baghdad, warned on Sunday of a new rise in the exchange rates of the US dollar, blaming the Central Bank of Iraq for this rise due to the "new instructions" issued by it recently.
The owner of the "Al-Mas" exchange office in the capital, Baghdad, told Shafak News Agency, "The new instructions and pledges announced by the Central Bank a few days ago to sell the dollar to banks raised exchange rates during the past two days," noting that "the banks will find it difficult to implement and implement these instructions."
He added that "these instructions, which will be applied on October 17, will push banks and merchants to the local market to obtain the dollar instead of obtaining it from the central bank through auction," expecting "the dollar exchange rates to rise more in the coming days."
In turn, the "Al-Fahd" exchange office in Baghdad told Shafaq News Agency, "The banks will find it difficult to implement the instructions regarding the purchase of dollars for foreign remittances to finance merchants for their imports," noting that "this money constitutes more than 80% of the purchases that take place." at the bank auction.
He pointed out that "these instructions will put great pressure on the local markets, as the merchant will go to these markets to obtain the dollar to compensate for the shortage."
It is noteworthy that the Central Bank issued on September 26 new instructions for buying and selling foreign currency to licensed banks and mediation companies, which will be applied as of October 17.
In a statement, the bank indicated that the goal behind this is to maintain the stability of currency exchange rates and to abide by the requirements of the Anti-Money Laundering and Terrorist Financing Law.
Al-Rafidain announces banking facilities to support investment projects
Today, Sunday, Al-Rafidain Bank announced the provision of banking facilities to .support investment and commercial projects in Iraq
The bank said in a statement that (Baghdad Today) received a copy of it that "the Rafidain Administration decided today to provide banking facilities to support ".investment and commercial projects in Iraq
He explained that "the bank is ready to finance and support various commercial and investment projects to contribute to moving the wheel of the economy and providing job opportunities by activating the private sector to contribute to reducing the housing crisis," noting that "the doors of the bank are open to all those who wish to obtain support and financing their commercial and investment projects in various directions."
Especially those related to the employment of manpower and stimulating private sector investments, in addition to financing housing projects in various ".governorates to reduce the housing crisis "
He pointed out that
Exchange rate hymn
Iraq: Studying abroad drains hard currency
Officials in Iraq estimate the value of the sums that citizens spend on education outside the country at more than 50 million dollars within the primary and higher studies in Arab and foreign universities, considering that the rise that Iraq has witnessed in recent years for the phenomenon of completing education outside the country, is due to the decline of the educational sector , especially on the The level of accredited universities and official institutes.
In the Arab world, Lebanon, Egypt and Jordan are at the forefront of the most accommodating countries for Iraqi students wishing to complete their higher studies, while Turkey, Iran, Greece, Ukraine, India, Malaysia, Russia and the United Kingdom are among the countries most accepting of Iraqis in this context, according to official data.
An official spoke to Al-Araby Al-Jadeed about numbers amounting to more than 50 million dollars that come out of Iraq in the form of remittances to different countries as costs of study and education.
The average expenditure of an Iraqi student in Arab countries annually is about $10,000, excluding living costs, while it rises in foreign countries to more than that, according to a senior Iraqi official in the Ministry of Education in the capital, Baghdad, who acknowledged that the decline in the level of education is one of the main reasons for parents to send Their children study abroad, in addition to the desire of some of them to specialize in specializations that are not available in Iraq.
The official, who preferred not to be named, talked about figures amounting to more than 50 million dollars coming out of Iraq in the form of remittances to different countries as costs of study and learning.
He added to Al-Araby Al-Jadeed that another reason for this demand for higher degrees (Masters and Ph.D.) is the desire of many employees to improve their salaries, while others are looking for social relevance.
He asserts that "the ministry does not have accurate statistics on the number of students abroad, because large numbers of them do not have files in the Ministry of Education, especially after education has become electronic in various parts of the world.
For his part, Jassim al-Jubouri, a university professor at the College of Peace, told Al-Araby Al-Jadeed that "studying abroad has become a door to draining hard currency and transferring it outside the country, without the government and the concerned authorities paying attention to the amount of money that goes abroad through study." in foreign universities.
He added that "most universities in regional countries such as Lebanon, Iran, Jordan and other countries have begun to offer attractive offers and facilities for education in their universities, which led to a very large increase in the number of Iraqi students outside Iraq."
Al-Jubouri points out that "tuition fees have decreased significantly in most universities outside the country, especially Arab universities, due to the deterioration of the local currency, as it decreased to $3,000 per year."
The average expenditure of the Iraqi student in the Arab countries annually is about 10 thousand dollars, excluding the cost of living, while it rises in foreign countries to more than that
For his part, Professor of Economics at the College of Economic Sciences, Anwar Al-Bayati, says that "the demand for study outside Iraq, especially postgraduate studies, master's and doctoral degrees, is constantly increasing, as a result of the great facilities provided by foreign universities, as well as the spread of offices and companies that handle admissions operations in various universities of the world."
In his interview with Al-Araby Al-Jadeed, he added that "the phenomenon of selling university seats through contractors contributed greatly to the depletion of hard currency," noting that "millions of dollars are transferred annually for reasons of study to various countries of the world, the most important of which are Lebanon, Iran and Turkey, without realizing The government is a danger to the exhausted economy.
In turn, a member of the Economic Committee in the previous parliamentary session, Najeba Najib, said in an interview with Al-Araby Al-Jadeed that “successive governments to rule Iraq after 2003 were accompanied by many negatives, including the economic file, due to their loss of control over 75% of the state’s resources, as well as Allow, directly or indirectly, to drain hard currency from Iraq.
She adds that, "After the great and wide demand by Iraqi students to study outside Iraq, there is a great fear that the study abroad file will turn into a new door to drain the remaining hard currency in Iraq, especially since Iraq suffers from a suffocating economic crisis, which is the most difficult among the crises." The vehicle that Iraq suffers from today.
A former parliamentarian calls on the government not to allow studying outside the country except for some rare disciplines that are not found in Iraqi universities, to preserve the hard currency
Najib calls on the government and the concerned authorities to "not allow studies outside the country except for some rare disciplines that are not found in Iraqi universities, to preserve the hard currency."
In this context, Ihab Al-Hadithi, director of the "Al-Nawras" company for money transfer, told Al-Araby Al-Jadeed that "excellent percentages of money transfers out of Iraq to other countries are included within the purposes of the study."
He adds that "the majority of bank statements indicate that the amount of money leaving the country is greater than the amount entering it, considering this as a negative economic activity that depletes the foreign exchange balance."
The President of the Republic: Big changes will happen after the elections
President of the Republic, Barham Salih, confirmed that major changes will occur after the parliamentary elections scheduled for the tenth of this month.
The President of the Republic said in an interview with reporters during his visit to the tomb of former President Jalal Talabani in Sulaymaniyah, that "the legislative elections this time have a special and fateful importance for Iraq and the Kurdistan region, and it is necessary that citizens participate massively in them and go to the polls to vote."
He added, "These elections will leave behind major changes, and there will be amendments to the constitution, and these are all important matters for Iraq and the Kurdistan Region."
Al-Kazemi’s advisor proposes solutions to reduce the value of the dollar
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, determined today, Monday, the extent of the possibility of relieving pressure on the operating budget and addressing the financial situation in the country, while proposing solutions to support the private sector, reduce unemployment and reduce the value of the dollar against the dinar.
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said, "It is possible to benefit from the recovery in oil prices by moving stalled projects, attracting a workforce, and solving the problem of unemployment, which averages 450 thousand work force willing to work, and this results in an entire society."
He pointed out, "The importance of spending additional rentier resources on projects to relieve pressure on the operating budget," noting that "the operational budget includes dozens of decisions and laws and bears financial burdens, and needs to double the 2021 budget to implement all its requirements."
Saleh explained, "There is poor planning, as well as the accumulation of unemployment, and treatment cannot take place unless the state sets laws for the private sector, such as the Social Security Law, which grants privileges to its workers, including guaranteeing his retirement rights or transferring an employee from the private sector to the government and others."
He added, "The additional resources of oil cannot be benefited from without directives to manage them," noting that "the private sector has the ability and leadership, and money must be disbursed to it within a specific plan and be in the form of soft, recoverable loans to preserve wealth, as for the disbursement of amounts as consumption. It's just a big loss for the future."
And he continued, "The government today is shackled by thousands of decisions and laws that carry consumer spending burdens par excellence, and cannot be applied even if the price of a barrel of oil reaches $ 160," referring the reasons to "the adoption of legislation without studying the financial burdens and thus costing the state to carry out a review of those legislation, and therefore Today, the Ministry of Finance is unable to implement dozens of legislation due to the financial burdens.
And he indicated, "The transfer of problems from one cycle to another has caused a major imbalance, and long-term plans must be developed and adhered to, governed by laws, to rebuild the country properly," noting that "Iraq in recent years has followed a policy of deportation and it must be replaced by a policy of communication, meaning that the government is changing With the continued implementation of the drawn plan, an example of this is the electricity sector, which has spent about 120 billion dollars and so far the country is unable to produce 20 thousand megawatts per day.
And on the extent of the possibility of reducing the value of the dollar against the dinar, the financial advisor said, "The monetary policy depends on the amount of foreign reserves supporting the Iraqi dinar, that is, the efficiency of the reserves and their escalation towards safe lines."
He added, "There are expectations that the Iraqi dinar will improve with the development of reserves, and this is up to the monetary policy, especially since the timing is appropriate and the opportunity is appropriate, provided that there is financial discipline and correct development, and without them there is no value for any attempts."
He pointed out that "the 2022 budget will be subject to great pressure, especially since the 2021 budget is built on a deficit," stressing that "the improvement in oil prices will reduce the deficit in the 2022 budget, but there is an expansion if it is achieved, the spending ceiling will be fixed, meaning that the increase in revenues with The increase in operational spending does not achieve anything.”
The Central Bank and the Association of Private Banks hold a workshop on “digital transformation and its impact on the Iraqi business environment”
The Central Bank, in cooperation with the Association of Iraqi Private Banks, organized a workshop entitled "Global Digital Transformation and its Impact on the Business Environment in Iraq". In cooperation with the Federation of Iraqi Businessmen, Al-Anbar branch.
The workshop was held in the meeting and conference hall in Al Rayyan Tourist Complex in Al Ramadi Corniche.
The workshop aims to support the youth category in the governorate, as they were provided with 200 free licenses from the Coursera program to develop their skills and push them into the labor market.
This is in line with the vision of the Central Bank that supports the youth category, especially as it constitutes the largest part of the Iraqi society.
It is noteworthy that the Central Bank of Iraq launched more than one initiative that contributed to creating many job opportunities for the youth category and contributed to supporting many small and medium enterprises.
The advisor at the Association of Private Banks, Sherawan Anwar Mustafa, gave a presentation on the "Global Digital Transformation Program and its Impact on the Development of the Business Environment in Iraq".
He added in his speech during the workshop, which was attended by "Economy News", that "the Association of Private Banks continues its cooperation with the Central Bank through this workshop in support of the community category."
He stressed that "what the cities liberated from ISIS have been subjected to requires us all to focus on the youth group, as they are the leaders of tomorrow and the best people to live in the destroyed cities."
Mustafa is clear that "the concerned authorities decided to allocate 200 free scholarships from Coursera grants in various fields to develop youth skills."
He pointed out that "the presence of future workshops that support the youth and women category in all Iraqi governorates, and this is part of a joint vision between the Association of Iraqi Private Banks and the Central Bank of Iraq.
Baghdad - the price on the stock exchange
147,600
....
The price is in most Baghdad exchanges
Purchase
147,000
Sale
148,000
—————————————————
Erbil - Bursa
147,800
————————————
Mosul - Bursa
147,800
————————————
Sulaymaniyah - Bursa
147,800
————————————
Basra - Bursa
147,600
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1431.6000 |  1483.4000 | 1457.8000 | 1457.7000 | 1457.8000 | -0.3000 | 06:05 |
| USD/VND | 22757.0000 | 22762.0000 | 22738.1200 | 22733.7300 | 22733.7300 | 6.1100 | 22:32 |
| USD/CNY | 6.4452 | 6.4482 | 6.4458 | 6.4450 | 6.4458 | -0.0009 | 01:03 |
| USD/KWD | 0.3010 | 0.3020 | 0.3012 | 0.3011 | 0.3012 | -0.0001 | 05:14 |
| GBP/USD | 1.3579 | 1.3583 | 1.3588 | 1.3532 | 1.3538 | 0.0036 | 05:22 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 |  0.0000 | 00:00 |
| USD/IDR | 14253.0000 | 14253.0000 | 14295.0000 | 14239.0000 | 14277.0000 | -21.0000 | 05:22 |
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Adviser: Iraq's public finances depend on oil revenues by about 93%
The economic and financial advisor to the Prime Minister, Mazhar Muhammad Salih, said that the reform of the economy starts with the non-oil financial sectors, noting that the administrations are unable to collect or manage funds for the benefit of the state treasury, while warning against optimism about the rise in oil prices.
Saleh said in a statement to the independent newspaper, Al-Sabah, that "public finances depend on oil revenues by about 93%."
He added, "There is an energy crisis in the world, with both positive and negative dimensions. The positive is the possibility that the price of a barrel of oil will reach $100, and this is not strange because Iraq has previously sold a barrel of oil for $143."
And he indicated that "the negative thing lies in the escalation of energy prices, which generates inflation in the world, as the prices of food and other commodities are likely to rise dramatically, which may lead to a global recession, so the stability of the economic situation is very important."
Salih stressed that "the oil returns are good, and in the event that the expenses of the general budget are adhered to and controlled with the improvement of crude prices, the financial situation of Iraq will be sustainable."
He pointed out that "there is a problem in how to control public expenditures, so adopting the spending ceiling in the 2022 budget to be similar to the current year, will move the country to a financially comfortable position and will almost eliminate the deficit, and some abundance will be achieved to transfer it to investment projects."
Salih warned against “excessive optimism about the rise in oil prices, so this matter must be invested in an optimal manner, especially since Iraq has fixed consumption expenditures, which are the salaries of employees and retirees.” He pointed out that "reducing spending has become at the expense of the investment budget, and thus the number of unemployed has increased and employment opportunities have decreased, and this is a big problem that we are facing," explaining that "non-oil revenues are a problem in itself because of what he described as (institutional chaos), as the administrations do not have the ability to To collect and not to manage funds for the benefit of the state treasury, and solving this matter is very difficult and takes a long time as well.
Exchange rate hymn
Iraq: Studying abroad drains hard currency
Officials in Iraq estimate the value of the sums that citizens spend on education outside the country at more than 50 million dollars within the primary and higher studies in Arab and foreign universities, considering that the rise that Iraq has witnessed in recent years for the phenomenon of completing education outside the country, is due to the decline of the educational sector , especially on the The level of accredited universities and official institutes.
In the Arab world, Lebanon, Egypt and Jordan are at the forefront of the most accommodating countries for Iraqi students wishing to complete their higher studies, while Turkey, Iran, Greece, Ukraine, India, Malaysia, Russia and the United Kingdom are among the countries most accepting of Iraqis in this context, according to official data.
An official spoke to Al-Araby Al-Jadeed about numbers amounting to more than 50 million dollars that come out of Iraq in the form of remittances to different countries as costs of study and education.
The average expenditure of an Iraqi student in Arab countries annually is about $10,000, excluding living costs, while it rises in foreign countries to more than that, according to a senior Iraqi official in the Ministry of Education in the capital, Baghdad, who acknowledged that the decline in the level of education is one of the main reasons for parents to send Their children study abroad, in addition to the desire of some of them to specialize in specializations that are not available in Iraq.
The official, who preferred not to be named, talked about figures amounting to more than 50 million dollars coming out of Iraq in the form of remittances to different countries as costs of study and learning.
He added to Al-Araby Al-Jadeed that another reason for this demand for higher degrees (Masters and Ph.D.) is the desire of many employees to improve their salaries, while others are looking for social relevance.
He asserts that "the ministry does not have accurate statistics on the number of students abroad, because large numbers of them do not have files in the Ministry of Education, especially after education has become electronic in various parts of the world.
For his part, Jassim al-Jubouri, a university professor at the College of Peace, told Al-Araby Al-Jadeed that "studying abroad has become a door to draining hard currency and transferring it outside the country, without the government and the concerned authorities paying attention to the amount of money that goes abroad through study." in foreign universities.
He added that "most universities in regional countries such as Lebanon, Iran, Jordan and other countries have begun to offer attractive offers and facilities for education in their universities, which led to a very large increase in the number of Iraqi students outside Iraq."
Al-Jubouri points out that "tuition fees have decreased significantly in most universities outside the country, especially Arab universities, due to the deterioration of the local currency, as it decreased to $3,000 per year."
The average expenditure of the Iraqi student in the Arab countries annually is about 10 thousand dollars, excluding the cost of living, while it rises in foreign countries to more than that
For his part, Professor of Economics at the College of Economic Sciences, Anwar Al-Bayati, says that "the demand for study outside Iraq, especially postgraduate studies, master's and doctoral degrees, is constantly increasing, as a result of the great facilities provided by foreign universities, as well as the spread of offices and companies that handle admissions operations in various universities of the world."
In his interview with Al-Araby Al-Jadeed, he added that "the phenomenon of selling university seats through contractors contributed greatly to the depletion of hard currency," noting that "millions of dollars are transferred annually for reasons of study to various countries of the world, the most important of which are Lebanon, Iran and Turkey, without realizing The government is a danger to the exhausted economy.
In turn, a member of the Economic Committee in the previous parliamentary session, Najeba Najib, said in an interview with Al-Araby Al-Jadeed that “successive governments to rule Iraq after 2003 were accompanied by many negatives, including the economic file, due to their loss of control over 75% of the state’s resources, as well as Allow, directly or indirectly, to drain hard currency from Iraq.
She adds that, "After the great and wide demand by Iraqi students to study outside Iraq, there is a great fear that the study abroad file will turn into a new door to drain the remaining hard currency in Iraq, especially since Iraq suffers from a suffocating economic crisis, which is the most difficult among the crises." The vehicle that Iraq suffers from today.
A former parliamentarian calls on the government not to allow studying outside the country except for some rare disciplines that are not found in Iraqi universities, to preserve the hard currency
Najib calls on the government and the concerned authorities to "not allow studies outside the country except for some rare disciplines that are not found in Iraqi universities, to preserve the hard currency."
In this context, Ihab Al-Hadithi, director of the "Al-Nawras" company for money transfer, told Al-Araby Al-Jadeed that "excellent percentages of money transfers out of Iraq to other countries are included within the purposes of the study."
He adds that "the majority of bank statements indicate that the amount of money leaving the country is greater than the amount entering it, considering this as a negative economic activity that depletes the foreign exchange balance."
CBI Update: Just a note:
including $7,120,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
10-3-2021 Newshound Guru Kaperoni There is never going to be a significant overnight change in the value of the Iraqi dinar. If it does go up, it will go up gradually as a result of the success of Iraq's economy. This could take months or many more years...RV or RI. LOL. There is no such thing. There is no specific date.
10-3-2021 Intel Guru Frank26 [Iraq Boots-on-the-ground Firefly TV update]: FIREFLY: News saying president Saleh on interview with CNN talking about how Iraq will be a stable force with full sovereignty in the Arab world saying with construction, new infrastructure Iraq will rebound as leader in region then CBI offering two new financial bonds today for investment…. FRANK26: Everybody knows what Iraq is about to do and when the United Nations bragged about Iraq being a leader in the Middle East last week it’s very encouraging now to see an American news outlet like CNN interviewing Saleh and saying that Iraq is about to become a leader in the middle east… saying that Iraq is a full sovereign country now well isn’t that amazing that everybody knows what we have been sharing since the beginning of this year…[NOTE: See CNN interview below...
10-3-2021 Newshound Guru BobTheTaxMan I've sang this song many times - 6 attorneys, 6 CPA's, 6 financial planners. Talk to them. Ask them questions. Get their help. Now obviously if you go to them today they're gonna just kind of say, 'Yeah right. Uh-huh. Sure.' But as soon as this goes from pink to green - a whole new ball game. Take the time to talk to 6. Why would I say six? Two reasons. 1. It's going to make you slow down because when this thing pops there's going to be a lot of panic. There's going to be a lot of emotions coming out...a lot of fears. All those things are going to come out. [Post 1 of 2....stay tuned]
10-3-2021 Newshound Guru MilitiaMan Once the IQD is cleared Internationally it will be fully Article 8 compliant with the IMF and International Standards. That will require a Real Effective Exchange Rate (REER). The Bonds for reconstruction to enhance the Private Sector to support Iraq away from just oil revenues will require it too. Imo. There is data that supports yesterday that the Bonds will trade on the ISX. It is my understanding that the ISX was closed yesterday and won't open until Monday, next. Regardless, there is an effort to trade bonds in the very short term that will require international exposure and standards to apply.
We meet with you today and a week ago on the exceptional task entrusted to it, which is the early parliamentary elections in Iraq. All of Iraq is counting on your assertive insistence on ensuring the integrity of the electoral process and maintaining its security. Iraq and its people have suffered a lot because of corruption, spoilers and fraud in every electoral process, and the time has come for them to gain confidence in their country through secure ballot boxes, and away from the hands of fraudsters. Your mission today is historical, and it can change the fate of a country and lift the injustice and injustice that it has experienced since the former regime, and also after 2003. 18 governorates will all be elected in one day, and this matter requires great efforts on your part, especially with regard to the security aspect and securing the electoral process. We urge the Iraqi people to walk steadily towards the polls, and we highly appreciate the position of His Eminence Al-Sistani in inviting citizens to participate in the elections. I say to all Iraqis: The future of your children is determined by the elections, so nothing prevents you from choosing who you think is the best. We are urging the hands of the clergy and social activists to urge the elections and not to boycott, so that the results will not be counterproductive, and those who do not deserve and who are not the fittest will face the responsibility. This is the first elections since 2003 to be held and the Prime Minister has not been nominated for the elections; Which means that there is no pressure on the commission. I started personally supervising the Supreme Elections Security Committee. Fair elections must be established that restore confidence in the political system, the electoral process and rehabilitation. The security forces must activate the security and intelligence efforts, and prevent influence by any party on the voters. It is strictly forbidden to block roads in any electoral district, with the intention of influencing voters for the benefit of any political party. Cooperating with the Independent High Electoral Commission and with international supervisors, and facilitating their tasks. Officers are prohibited from exercising any influence on soldiers and ranks when they cast their votes, in favor of any political party. All violations will be recorded, and will be submitted to the Electoral Commission to deal with them legally, whatever their source.
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