KTFA:

DELTA:  Iran begins deleting zeros from its currency and a new banknote

Liberation: 2020/11/12 19:59 • 219 times

The Central Bank of the Islamic Republic of Iran has issued a new 100,000 riyal (equivalent to 10,000 tomans), printing 4 zeros in a light color in preparation for the removal of these zeros from the currency, as well as a 10-drawer drawer on both ends of the bottom of the banknote.

According to the Fars news agency, the Central Bank of Iran recently issued a new 100,000 riyals (10,000 toman) banknote, which included some differences with banknotes of this category, which are currently circulating.

The most important of these changes is the printing of four of the five zeros in a light color, in preparation for the elimination of the four zeros from Iranian currencies.
The number 10 below the banknote is also listed on the left and right sides. as well as behind the banknote.

http://www.alliraqnews.com/mod.....yid=103819

DocMagee94:  Delta, Could you clarify what significance this article has on our investment.
Thank you again!  

DELTA:  TIMING ......SOME COUNTRIES WILL DEVALUE SOME WILL RV..........IMOO

DELTA:  Kazemi directs the payment of salaries of employees for the months of October and November next Sunday...

Don961:  Al-Kazemi directs to pay employees' salaries for the months of October and the second

THURSDAY, 12-11-2020, PM 11:39  KARRAR AL-ASADI

The Cabinet Secretariat announced, on Thursday, that Prime Minister Mustafa Al-Kazemi directed the financial departments and accountants to work tomorrow and Saturday to complete the salaries of employees.

"The Prime Minister, Mustafa Al-Kazemi, directed the ministries and agencies not associated with a ministry and all governorates, to the official working hours on Friday and Saturday to the financial departments and accountants," said the secretariat spokesman, Haider Majeed, in a statement received by the Nun news agency.

He added, "This came for the purpose of enabling their departments, which are centrally and independently funded, to complete the lists of employees' salaries disbursements for the months of October and November of 2020, and send them to the Ministry of Finance next Sunday to request funding for the purpose of paying salaries."  LINK

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Popeye7:  This is what stood out within this article …imo……Looks as though they are being paid at 1182 dinar per dollar until the 31st of Dec 2020 according to the article... But the CBI is still in control of this occurring, and we shall see what date they have decided to release their REAL rate... Looks as though anytime between now, and the beginning of the year 2021... God's timing in the overall scheme of things... Thanks Don for posting the article... God bless everyone, and again the world is waiting on a rate to be revealed Imo...

BORROWING LAW ...

Article -1- The revenues of the federal budget for the last four months of 2020 are estimated at an amount of (19719483139) one thousand dinars (nineteen trillion seven hundred and nineteen billion four hundred eighty-three million One hundred thirty-nine thousand dinars) and the estimated revenues from exporting crude oil were calculated on the basis of an average price of (40.51) dollars (forty dollars and fifty-one cents) per barrel

And an export rate of (3033273) barrels) three million and thirty-three thousand two hundred seventy-three Barrels per day) including (250,000) barrels per day (two hundred fifty thousand barrels per day) for the quantities of crude oil produced in the Kurdistan region on the basis of an exchange rate of (1182) dinars per dollar and all the revenues actually realized are credited as a final revenue for the account of the state treasury, including the following: 

Article -6 - First, this law will be published in the Official Gazette and implemented from the date of its approval and vote in the House of Representatives   It will continue to be enforced until 1/1/2021, with the exception of Articles (3 and 4) of this law.

A proposal to amend the committee: 

Article -6- This law shall be published in the official gazette and implemented from the date of its approval and vote in the House of Representatives, and it will continue to work until 12/31/2020.
This law was legislated  House of Representatives Finance Committee  

DCDriver:  It looks to me like they want to keep the new exchange rate hidden until the first of the year. Hence, the borrowing until the 31st. IMO

Samson:  A deputy directs a question to Al-Kazemi: If the money was there, why did you starve people?

13th November, 2020

A member of the House of Representatives for the Sadiqoun Parliamentary Bloc, Muhammad Al-Baldawi, on Friday, asked Prime Minister Mustafa Al-Kazemi to direct him to pay the salaries of employees for the months of October and the second.

Al-Baldawi said, in his tweet on the Twitter platform: "The Prime Minister directs to spend the salaries of employees for the months of October and the second, excellent and good." He added, "The question is, if the sums are there and available, why have you made life stop while your countrymen have suffered hardship over the past period ?! And for what reason have you delayed paying salaries and starved people and insisted on passing the borrowing law."

And after hours of voting on the law on financing the fiscal deficit (borrowing), the Ministry of Finance announced the release of employees' salaries for the month of October, while Prime Minister Mustafa Al-Kazemi directed the Ministry of Finance to distribute the salaries of employees for the months of last October and November of this current, starting from Sunday Next.    LINK 

Popeye7:  This is why it is important that not only the people of Iraq are paid, but there will be Purchasing Power given them via the increase of the rate of their currency... The citizens of Iraq have to be shown there was justification as to why they had wait for their salaries to be paid for about 3 weeks... We shall see as this plays out this weekend... For the CBI to release the rate in the very near future will certainly benefit the legitimacy of PM Kazemi's government... Again IMO... 

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Samson:  Economic Advisor Warns Of Financial Collapse In Iraq

13th November, 2020

Economic Adviser "Nasser Al-Kinani" warned of great chaos facing the Iraqi economic and financial policy, calling on the Council of Representatives and the Council of Ministers to look towards overcoming the anticipated chaos that cannot be stopped if it begins, according to him.

Al-Kinani added in his speech to an agency that Iraq suffers from a financial deficit of 81 trillion dinars, in addition to the previous debts estimated at $ 200 billion, which causes a major problem for the Iraqi economy, as it is impossible for it to repay these debts for other years to come.

Regarding the salary crisis and its repercussions, Al-Kinani believes that the issue of disrupting employees' salaries has created setbacks in the entire market, although it is a entitlement that must be paid by the state, criticizing the idea that the employee does not receive his salary for two months due to political rivalry between the government and the House of Representatives.   LINK

Samson:  Iraq renews its position on normalization with Israel

11/13/2020 16:51:21

 The Iraqi government suspended its position on the normalization of the country with Israel.

A spokesman for the Prime Minister, Ahmed Mulla Talal, said in a press statement, commenting on Bahrain and the UAE signing normalization agreements with Israel, as well as Sudan; "Baghdad's position depends on the principle of respecting the sovereignty of each state and its decisions. Iraq shall not interfere in the decisions and stances of any state it deems appropriate for it."

It is noteworthy that Iraq affirms its commitment to the decisions of the Arab summit, whether the 2002 summit in Beirut, or the Arab summit in Baghdad 2012.  It is noteworthy that Prime Minister Mustafa Al-Kazemi said on August 23 during an interview with the Washington Post that normalization between Abu Dhabi and Tel Aviv, "An Emirati decision, and we should not interfere."   LINK

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Samson:  An Iraqi ambassador reveals the date of the Kuwaiti prime minister's visit to Iraq: This is our fate

13th November, 2020

The Iraqi ambassador to Kuwait Al Manhal Al Safi affirmed that the government is taking tireless steps with the countries of the Gulf Cooperation Council to consolidate its relations with them and exchange agreements and memoranda of understanding and openness significantly.

Al-Safi said, according to the Kuwaiti newspaper, Al-Anbaa, that "Iraq has not moved away from the Arab incubator, especially the brothers in the Gulf Cooperation Council countries," referring to the return of Iraq to the Gulf embrace, indicating that his country's government is taking tireless steps with the Gulf Cooperation Council countries in strengthening its relations with them and exchanging agreements Memoranda of understanding and openness greatly."

He added, "This is our destiny. We are open to our neighbors, and the Arab depth is our natural depth, and we are continuing on this approach," pointing out that "the Iraqi-Kuwaiti joint committee will be held soon in Baghdad and it will be a building block for the Iraqi Gulf reconstruction, and this is in the interest of our peoples and the Gulf peoples." He pointed out that preparations for the joint committee are underway, and a decision has been taken, and that setting the date is a simple matter that will be decided later."

And to determine the date of the visit of Prime Minister Sheikh Sabah Al - Khalid to Baghdad, he said: "I was invited by the Iraqi prime minister and promised to meeting them soon, after the completion of the parliamentary elections and the formation of the next Kuwaiti government, and this is a normal thing between brothers and brothers" and on the date of the visit of President The Iraqi to Kuwait, Al-Safi said: "The president has received an invitation from His Highness Prince Sheikh Nawaf Al-Ahmad, and it will be met in the near future."   LINK

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Samson:  Arrest Of 59 Wanted Persons To The Judiciary On Various Criminal Charges In Karbala

12th November, 2020

A security source in the Karbala police said, Thursday evening, that the security forces had arrested 59 wanted persons to the judiciary on various criminal charges in the past two days.

The security source said in a statement to (Al-Mustaqilla) that "the emergency police department managed to arrest 55 wanted persons to the judiciary on various criminal charges in separate areas of the governorate."

He also added, "The external checkpoints (the checkpoints) managed to arrest 4 wanted persons from the judiciary," indicating that "the detainees were referred to the competent authorities to complete the legal procedures against them."  LINK