Frank26 and KTFA Members Late Saturday Night 5-2-2020

KTFA:

Iggy:  Here is a quote by - Charles R. Swindoll

The longer I live, the more I realize the impact of attitude on life. Attitude, to me, is more important than facts. It is more important than the past, the education, the money, than circumstances, than failure, than successes, than what other people think or say or do.

It is more important than appearance, giftedness or skill. It will make or break a company... a church... a home.

The remarkable thing is we have a choice everyday regarding the attitude we will embrace for that day. We cannot change our past... we cannot change the fact that people will act in a certain way. We cannot change the inevitable.

The only thing we can do is play on the one string we have, and that is our attitude. I am convinced that life is 10% what happens to me and 90% of how I react to it. And so it is with you... we are in charge of our Attitudes.

Frank26:  5-2-20.... GOD IS GREAT!

The first part is about Frank’s upcoming surgery and the second part is Iraq investment news.

Praying for complete healing for Frank and Walkingstick

DELTA AND ANGEL1 ARE GOING TO TALK TO YOU WHILE FRANK IS RECOVERING…THEY WILL GIVE YOU REPORTS

ON MONDAYS.......THEY WILL EITHER MAKE A RECORDING AND RELEASE IT ON THE FORUM OR MAYBE JUST TYPE SOMETHING UP AND POST IT ON OUR FORUM FOR YOU

https://www.youtube.com/watch?v=j2vASBHiHn0&feature=youtu.be

Samson:  UAE Central: Banknotes do not transfer SK faster

3rd May, 2020

The UAE Central Bank denied that banknotes were a way to transmit infection of the Corona Virus to a greater degree than others, but like any other plastic, metal, or wooden surfaces.

The bank called on the users of banknotes to practice the same precautionary measures that are applied to other surfaces, indicating that these notes can be like any other surface as a means of transmitting the epidemic.

He explained: "Until today, no study by an official, reliable body working in the field of printing or dealing in banknotes has demonstrated that the Coronavirus is transmitted faster through banknotes, compared to anything else with a shallow surface."

The UAE Central Bank advised all users of banknotes to exercise the same precautionary measures that apply to other surfaces, such as washing hands with soap, or using antiseptics. He pointed out that he directed the banks to need to sterilize their ATMs periodically, and to provide a hand-sanitizer article for dealers besides those machines.    LINK

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Samson:  Zebari: Al-Kazemi’s government, Iraq and the region must be passed to the gates of hell

05/3/2020 

 The leader of the Kurdistan Democratic Party urged former Minister of Foreign Affairs Hoshyar Zebari to support the government of Mustafa Al-Kazemi. And Zebari said in a post, "The countdown to presenting Mustafa Al-Kazimi's booth to Parliament has begun. The Shiite blocs have objections to their ministerial shares with the prime minister-designate," he said.

He added that the Shiite blocs, "they want to put the blame on the Kurds in the failure to pass the cab, knowing that the Kurds supported Al-Kazemi from the first day and made concessions to him for his success" according to his expression.

And he stressed at the same time, "Therefore, he must be supported - Al-Kazemi - in his noble endeavor to form the next government because Iraq and the region (Kurdistan) are at the gates of hell."

Parliament Speaker Mohammed Al-Halbousi yesterday invited representatives to come to Baghdad on Monday, in preparation for holding a special session to consider giving confidence to the government of Prime Minister-designate Mustafa Al-Kazemi.

A committee to study and discuss the parliamentary governmental curriculum expected to vote on the cabinet of the Prime Minister-designate Mustafa Al-Kazemi next Tuesday. Committee member Representative Yonadam Kanna said in a press statement that "the process of forming the government is nearing completion with insistence not to rotate any minister or minister who was a minister in the previous governments" expected, "that next Tuesday will be a date for voting on the government in the House of Representatives in If the CVs are submitted two days before this date."    LINK

Don961:  After the collapse of oil prices and the decline in the entry of hard currency into Iraq ... a difference of opinion ... Will Iraq face Lebanon's fate in the collapse of the currency ... Will the dinar collapse against the dollar?

May 2, 2020 8:40 PM 

Baghdad / Nina / Rinas Al-Radi:

The Iraqi street, especially the commercial and real estate circles, is witnessing a state of intense fear and fear as a result of the drop in oil prices and the decline in the entry of hard currency into Iraq, which threatens the collapse of the dinar against the dollar and confront the fate as Lebanon's fate and its national currency.

Experts on economic affairs differed in opinions on this issue. Some of them assured the people of the strength of the dinar against the dollar, and some of them put the ball in the court of the government and its strength in the face of this crisis.

The Iraqi dinar is a good store of purchasing power ...

This is what was stated by the economist, Raad Twigg, who emphasized: “The Iraqi dinar is a good store of purchasing power.”

Twij said in a statement to / NINA: »The Iraqi citizen has become increasingly concerned about the possibility of the devaluation of the Iraqi currency after losing part or all of the country's main resource of the dollar. In fact, the Iraqi dinar may decline but to certain levels and not to low levels, as is the case with the Lebanese currency.

He pointed out: »The Iraqi dinar is a good store for purchasing power and is based on cash reserves in the central bank worth $ 60 billion, and then the reduction of imports and their immediate cessation except for necessities such as food and medicine, with central control and state control, and there is nothing wrong with declaring the state of economic emergency and punishing Speculators in the Iraqi dinar or the smuggling of the dollar or money laundering and fighting the formation of multiple exchange numbers and the black market for the currency, all these measures will prevent the Iraqi currency from slipping to low levels of value ».

Coronation called on the government to be cautious and hedging, pointing out the importance of the role of the central bank by adopting a rational monetary policy, and the fine of leaving a margin for currency movement for the purposes of secure monetary expansion, stressing: “The oil and financial crisis will not continue for a long period of time. On its effectiveness and continuing rational lending expansion, encouraging local production and expanding real production in Iraq as one of the alternatives for the importer, which will maintain the monetary cycle.

Twig noted that "One of the ways to support the Iraqi dinar is to invest human and material resources inside Iraq and turn the current situation into a strengthening factor for the Iraqi economy."

The Iraqi economy is a dollar economy and cannot afford any economic tremors ..

And Safwan Qusai, the expert in the economic affairs, did not differ greatly from his colleague Twij in his opinion, but he held the government the greatest responsibility in the collapse of the local currency, saying: “The financial and economic stability of Iraq depends on the ability of The Iraqi government is to remain in the balance zone between the American and Iranian conflict, so strict measures must be taken to comply with the requirements of the American treasury and spare Iraq to enter the US sanctions zone. Other than that, the Iraqi economy is a dollar economy and will not be able to bear any US sanctions.

Qusai stressed in a statement to / NINA: “Iraq can play a role in being a window to the Iranian economy by opening a joint account for humanitarian needs with the possibility of allowing the flow of goods purchased in the Iraqi dinar to benefit Iran, under the supervision of the supervisory authorities in the Central Bank of Iraq and integrity.”

He explained that «Iraq will not face the fate of Lebanon regarding the issue of currency collapse, because Iraq has resources and the Iraqi Central Bank has acceptable proportions that are able to cover the currency within the procedures even with oil revenues stopping for at least eight months to come.

He explained that "what happened in Lebanon is that individuals deposited foreign currencies in commercial banks, which in turn deposited them with the central bank, which paid these money debts to the Lebanese government," adding that "when the crisis occurred and individuals demanding their dues, the banks did not find liquidity and the Central Bank of Lebanon could not pay Receivables in dollars and facilitated the process of paying in Lebanese pounds, which led to raising the exchange rate of the dollar from 1500 pounds to more than 4 thousand Lebanese pounds.

It is noteworthy that the head of the Parliamentary Finance Committee Haitham al-Jubouri confirmed earlier that Iraq has been unable for some days to sell its oil because of the suspension of factories and companies around the world due to the repercussions of the Corona virus crisis.

The Finance Committee submitted a set of proposals to be taken in the face of the crisis of low oil prices, or to reduce its severity.

Member of the Parliamentary Finance Committee, Faisal Al-Issawi, said that "there are proposals submitted by the committee to overcome the crisis of low oil prices, in conjunction with the outbreak of the new Corona virus, and its impact on economic activities." He indicated that there are "several tracks that were presented, such as controlling border crossings, following up the great waste in oil refineries and how to benefit from the monetary block in banks and the central bank, and perhaps going towards international financial institutions to borrow."

He believed that "the current government will not be able to take a decision, or discuss the proposals, and it may be up to the new government."

Between the hammer and the anvil, the Iraqi citizen lives a state of anticipation and panic over the current situation and the fate of the dinar in the coming days.   link