Delta and KTFA Members Thursday Afternoon 1-9-2020

KTFA:

DELTA:   The finance comittee reveals the mechanism for paying Iraqi debts .. And the Central reveals its policy to control the exchange rate

 Baghdad / Obelisk: The Parliamentary Finance Committee announced, Thursday, January 9, 2020, a discussion of the mechanisms that must be followed to preserve Iraqi money, pay debts, and the financial situation in light of the tension in the region, during its hosting of the governor of the Central Bank and the Ministry of Finance and the head of the Financial Supervision Bureau.

A statement to the committee said that it hosted the governor of the Central Bank, the head of the Financial Supervision Bureau, the director general of the budget department in the Ministry of Finance and the assistant director general of the Iraqi Trade Bank, TBI , to “discuss the current events in light of the military escalation taking place in the region and its effects on the financial situation of the country and the monetary policy that must be followed To control the exchange rate of the currency in the Iraqi market. "

The statement added, "The Finance Committee heard the guests' presentation after they provided a detailed explanation of the mechanisms that must be followed to preserve Iraqi money inside and outside Iraq."

He continued, "The Governor of the Central Bank indicated that Iraq’s debts were scheduled and paid at the specified times, stressing at the same time that the political positions of Iraq affect, of course, its financial position, whether negatively or positively, and that follows the type of position and the consequent reaction."

The Finance Committee confirmed at the conclusion of the statement, it "seeks to permanently stave off danger from Iraqi money and correct the course of its monetary policy in light of the tension in the region and spare the country to fall into a deadlock that negatively affects its economy and development."
http://almasalah.com/ar/news/1.....الصرف

OlLar:  This is the Financial Management Law, yes! Ok open this puppy up and implement!

Leb:  It was said by a wise man to look for something around the 9th of this month. This may be what we were looking for.

GodLover:  Actions speak louder than words CBI imo.   Enough talk CBI, now just do it already!

Don961:  Pence: Iran informs its militias of not attacking American targets

- 4 Hours Ago

WASHINGTON - US Vice President Mike Pence said on Wednesday that the United States has received information that Iran has asked allied militias not to attack American targets.

"We receive encouraging intelligence that Iran is sending messages to these militias themselves not to move against American targets or American civilians, and we hope that this message will find an echo," Pence said in an interview with CBS News.

Pence issued warnings to the Iranian militias, saying that their fate will be the same as that of the Iraqi Hezbollah, after its bases were targeted after the killing of an American contractor and the injury of others, indicating that the American people should relax tonight thanks to the strength of President Donald Trump's decision and the courage of the armed forces that showed great professionalism in facing Iranian threats. In the region and in Iraq. ”

In conjunction with Pence's remarks, US Defense Secretary Mark Esber announced on Wednesday that he had assassinated the commander of the Qods Force in the Iranian Revolutionary Guards, General Qassem Soleimani, with a US air raid in Baghdad last week, that the United States "recovered a level of deterrence" against Iran.

"With the strikes we carried out against the Hezbollah Brigades in late December and then with our operation against Soleimani, I think we have recovered a level of deterrence with them," Esber told reporters. "But we'll see." The future will tell us. ”

However, the minister did not rule out that Shiite militias, "whether directly led by Iran or not," would launch more attacks against American forces in Iraq.

It seems that Washington is not seeking escalation or war with the United States, especially since the increase in tension is not in anyone’s interest. There are American soldiers stationed in them, none of them hurt, indicating that Washington does not want to use military force against Iran, stressing at the same time that it will impose more sanctions on Iran.

In his address to the nation on Wednesday from the White House, Trump said, "It seems that Iran is softening its stance, which is good for all concerned and the world. We have not lost any American or Iraqi lives. "

The US president defended the killing of the commander of the Quds Force, saying that Soleimani, who is considered a national hero in Iran, was "the largest terrorist in the world ... and he should have been killed long ago."

Trump's comments came hours after the Iranian foreign minister said the missile strikes "concluded" Iran's response to the killing of Qasim Soleimani.

Minister Muhammad Javad Zarif wrote on Twitter saying that Iran "does not seek escalation or war, but we will defend ourselves against any aggression."

For its part, Washington justified in a letter to the UN Security Council on Wednesday that the killing of Qassem Soleimani, commander of the Iranian Revolutionary Guard Corps, was in self-defense, and vowed to take new action "if necessary" to protect its soldiers and interests.

The US ambassador to the United Nations, Kelly Kraft, also said in the message that Washington "is ready to enter without preconditions in serious negotiations with Iran to prevent international peace and security from being exposed to further danger or to prevent an escalation by the Iranian regime."

And Kraft wrote in the letter that the killing of Soleimani in Baghdad on Friday was justified under Article 51 of the United Nations Charter, adding that "the United States is ready to take additional measures in the region if necessary to continue protecting its soldiers and interests."

States are required under Article 51 to "immediately inform" the 15-member Security Council of any measures taken in exercising the right to self-defense. The United States used Article 51 to justify action in Syria against ISIS fighters in 2014.

The Arabs    link

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Don961:  The United States offers Iran unconditional negotiations and warns it

2020-01-09

 Baghdad: Yassin Iraq

In a letter to the President of the United Nations Security Council, the United States justified its actions against Iran in response to a self-defense of an escalating series of attacks, and Washington added in its letter that it was ready to take additional measures when necessary, but also added that it was ready to enter into serious negotiations With Iran with the aim of "preventing the endangering of international peace and security or escalation by the Iranian regime."

The United States said that it had taken measures "to exercise its inherent right to self-defense", while adding that its targeting of Qassem Soleimani, commander of the Iranian Revolutionary Guard Corps, came in response to "an escalating series of armed attacks in recent months by the Islamic Republic of Iran and Iranian-backed militias Against the United States and its interests in the Middle East. ”

In the message obtained by CNN and followed by "Washington Iraq," Washington affirmed that it is ready to "take additional measures in the region as necessary to continue protecting American individuals and interests."

According to the American message, more than 10 ballistic missiles were fired by Iran against American and coalition forces in Iraq.

The United States affirmed its willingness to negotiate with Tehran, saying, "We remain committed to a diplomatic solution."   link

Don961:  With a reserve of 96.3 tons .. Iraq ends 2019 without buying gold

2020-01-09

On Wednesday, the World Gold Council published a statistic in January, in which it said that "Iraq did not buy any amount of gold during 2019, and that" its last purchase was in 2018, which bought 6.5 tons to add it to its reserves of 96.3 tons. "

The Council stressed that "Iraq still maintains its fifth Arab position, which came after Saudi Arabia, Lebanon, Algeria and Libya, and on the 38th position globally out of 100 countries included in the international financial statistics for the global reserves of gold."

The Council noted that "the United States of America is still in the first place with the largest reserves of gold in the world, as these reserves amounted to 8.133.5 tons, followed by Germany with 3,366 tons, while Yemen ranked last with 1.6 tons."     link

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RVDoc: IMO So in thinking about the 26th and the 29th and the 5th dates. It shows us that this was on going in the plan and schedule of things. As with the receipts early on, that was the start of the winding down of the process.

The annual accounting at end of year was needed in the banks so they could accurately decide how many 3 zeros notes where actually in possession so that they could do the disbursement of 100K notes and take in the 10K/25K notes out of circulation.

The accuracy was also key to the final calculation of the rate for exchange.

 Yes, they probably had a count before, but with people doing withdrawals and deposits, and for final accuracy of in country circulation at the banks, there is a need to stop the circulation long enough to have the banks set aside notes for the turn in and change of notes for accuracy.

It also helps on the other side with how many lower denoms will be needed in relation to daily, weekly, and monthly flow in the banks over the year for deposits and withdrawals and circulation estimates after the RI and rate is done.

This was all part of the plan, IMO, it shows this was structured and the rate was not to come out on January 1. It also tells us that the date is going to be when they decide they have it right and at the time of their choosing!

All this other speculation from the GURUs is just that, guess work and does not follow principles of accounting at the banks. In essence, what you have seen is the accounting practices that were needed to finalize the rate and the placement of how many small notes were needed for daily cash flow in country! GET READY! 

You can bet your rear end that IRAN is and was totally aware of this and has been doing everything they could to stop it, until Trump laid down the law. They saved face, but they backed down and Trump let them know he was not having it! Thank God we have a POTUS with back bone!