Delta and KTFA Members Wednesday PM "Delete the Zeros Must be at the Beginning of a Fiscal Year"

KTFA: 

DELTA:   BLAST FROM THE PAST.....

DELETE THE ZEROS MUST BE AT THE BEGINNING OF A FISCAL YEAR -  

SEPT 6, 2012 - Does the project will remain a dead letter permission as described by Central Bank Deputy Director Mohammad Saleh appearance ....

Was the decision to delete zeros of the Iraqi currency in many opinions Pro and con, economists believed that the resolution would lead to the collapse of the national currency and some other that he would return to the country with great interest and unfortunately its await as a joint venture between the Government and the Central Bank.

As long as the Government seeks to postponed due to security concern, it could not be implemented this year or the year after – as Deputy Director of the Central Bank — the timing is very important in this case and that its implementation must coincide with the beginning of the fiscal year, so you will not find a space for implementation this year inevitably ...

Regrets for the delay of the country's economic performance will improve efficiency as long as currency and reduce the influence of big numbers, monetization needs to cash large and small groups will be dealing with categories such as (50 dinars) and (100 dinars) and (200 dinars) in addition to the categories below as dinar (half dinars and quarter-dinars) and (50 Fils, 25 Fils).

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AUG 20, 2012 - Saleh drew the interest of the Exchange must be with the new fiscal year, "the Iraqi Government's accounts cannot be registered in the same year, two forms of financial values"

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July 23, 2013 - The CBI predicted delays in putting the new currency early next year and to developments and discussions with the Government. Prime Minister Nuri al-Maliki demanded earlier with the Bank to wait with his work and put it in the currency changeover from January of 2013.

Central Bank Governor Sinan Al-Shabibi: "put the currency early next year is uncertain because of the recent discussions and debates with the Government".

Al-Shabibi said "it would be in the process of cooperation with the Government." Central Bank Governor noted that the continuing currency switch, and the previous dates for remaining but developments have delayed. The Bank confirmed the earlier: "ask the new currency would be 1/1/2013, despite Government demands a wait operation". 

The World Bank official letter to Cabinet explaining pros switch currency market and money supply and exchange rate increase and other issues.

MilitiaMan:  That is a blast from the past be sure, as it fits the present. Is it the present with a 2020 in it? Lets see what happens. The CBI VIDEO was full of stars.. lol ... imo ~ MM

Hammy14:  As we can see here, the original plan was to delete the zeros and reinstate the currency on January 1, 2013. 

Well, obviously, thanks to Maliki's corruption and his attempt to arrest Shabibi, the reinstatement never happened.  However, as Mohammad Saleh points out, the delete the zeros project and the new exchange rate MUST BE at the beginning of the new fiscal year.  Their words, not mine. 

It is interesting to note here that Saleh was Shabibi's right hand man at the CBI, and also the fact that Saleh still sits on the Board of Directors of the CBI to this day.  As we all know, the B of D makes the decision as to what the exchange rate of the IQD will be, as well as when to implement that rate. 

With that in mind, in the interview that Delta translated, the CBI manager guy said they were told to do this NOW.  We don't know for sure who told them to do this now, but most likely, that order came from the Board of Directors. 

So, if they have been told to implement NOW, they obviously have a date in mind. 

With a new fiscal year fast approaching, it stands to reason we will soon see what we seek, IMO.  Thanks for reminding us about this, Delta.  Much appreciated.

Iobey777:  DELTA brought this in for a reason! On purpose..for a purpose!   We have been prepped and prepared over the past year and especially the last two months that the CBI is READY! The ONLY thing we are waiting for is the new rate! Have they told us the date and we have somehow missed it? Yes! IMO! and I think maybe many have! Could it be changed? Of course! However, IMO, Trump nor the citizens are willing to let it go on for another 2-3 months or even another year! He has told them to do it NOW! In all my years of living NOW means NOW...not in 3 months or a year!

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Toyvp:  ACCORDING TO THE CIA FACT BOOK IRAQ STARTS THEIR FISCAL YEAR ON  JANUARY 1ST 

Iraq calendar year

https://www.cia.gov/library/publications/the-world-factbook/fields/228.html

Maw33326:  Thank you for this fact, Note: Vietnam as well Jan 1st Calendar Year

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Ronnie100:  I JUST WANTED TOO VOICE MY VIEW ON THIS IMO.

THE BANKS STOPPED ALL LOANS IN IRAQ THIS SPEAKS VOLUMES.

THE CITIZENS NEED THIS TO CHANGE THIERS LIFES .IRAQ NEEDS THIS THEY CANT FUNCTION AT PGR …..THEY ARE BROKE. ….LIFT THE VALVE …MAKE IRAQ GREAT AGAIN AS IN THE GLORY DAYS…..

THIS WILL STOP ALL DEMONSTRATIONS…..BRING IRAQ BACK FROM 16 YEARS OF HELL…..

THANKS TO ALL KFTA YOU ARE A GREAT GROUP.

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Samson:  The Stock Exchange announces its last session in 2019

28th November, 2019

The Stock Exchange announced on Thursday that the 26th of next month is the last day for trading the shares of its companies, indicating that it will open the way for brokerage companies to complete the settlement of the activity.

The Stock Exchange said in a statement, "Economy News" received a copy of it, that "the Stock Exchange decided that the last trading session for 2019 will be a session on Thursday 26/12/2019, while the first trading session for 2020 will be on Thursday, 2/1/2020."   LINK

Samson:  Abdul-Mahdi reveals losses of "trillions" due to the current situation

17th December, 2019

Prime Minister Adel Abdul-Mahdi revealed, today, Tuesday, trillions of trillions, as a result of the current situation in Iraq.

Abdul-Mahdi said during the cabinet session that "the interruption of the Baghdad International Fair due to the events led to a loss, and projects stopped, due to the events, and we lost and investors withdrew."

Abdul-Mahdi added that "if the resources of the fourth quarter decrease by 50%, the loss will be by 17.4 trillion Iraqi dinars due to the events."   LINK

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Samson:  Parliament holds a session tomorrow (today) .. and this is the agenda

12/17/2019 23:42

The Parliament will hold its regular session tomorrow, Wednesday.

The agenda of the session includes voting on the proposal of the second amendment law to the law to compensate those affected by war and military operations and terrorist operations No. 20 of 2009 as amended.

It also includes "the vote on the House of Representatives election bill, which consists of 50 articles. The session will take place at four in the afternoon.   LINK

2cents:  Interesting......Another late night in Parliament and pressure to name PM........

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Samson:  Integrity: An arrest warrant for the former TBI director to disburse $ 60 million without adequate guarantees

12/19/2019 10:06 

The Integrity Commission announced that an arrest warrant has been issued against the former Director General of the Iraqi Trade Bank, TBI, against the background of disbursing an amount of (60,000,000) million US dollars without adequate guarantees.

The Commission’s investigations department, while talking about the details of the case in which it was investigated and referred to the judiciary, indicated that the Najaf Criminal Court, which is competent to hear integrity issues, issued an arrest warrant against him in accordance with the provisions of Article (340) of the Penal Code; on the issue of the bank’s branch in the governorate Erbil By granting banking facilities to a company without adequate guarantees.

The department added that the banking facilities amounting to (60,000,000) million US dollars were granted with the approval of the bank’s general administration in Baghdad, for a company to establish a cement factory in Najaf without adequate guarantees.

It is noteworthy that in June 2016, the Authority had recovered nearly two million euros to the state treasury, due to violations committed by the bank in granting facilities to a private company to prepare meat and poultry.   LINK

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Samson:  The Hilla Misdemeanor Court issues an arrest warrant for the former governor of Babylon

12/18/2019 12:40

The Hilla Misdemeanor Court issued an order to arrest the governor of Babylon, the former Sadiq Muddoul al-Sultani. The order was issued in accordance with Article 341 of the Iraqi Penal Code.

Article 341 states: A penalty of imprisonment for a period not exceeding three years or a fine not exceeding three hundred dinars shall be imposed on every employee or public service official who has caused a grave mistake to cause serious harm to the funds or interests of the entity in which he works or is related to by virtue of his job or with the funds or interests of the usual persons To him, if that results from a gross negligence in the performance of his job, an abuse of power, or a serious breach of the duties of his job

{Article 341 was amended pursuant to the Ninth Amendment Law No. 8 of 1984}.   LINK