Frank26 and KTFA Members "News and Views" Monday Afternoon 9-16-19
Frank26: GREETINGS FAMILY.........
MY DAYS WITH YOU ON THE STUDY OF THE IRAQI DINAR ARE COMING TO AND END.
I INVITE MY KTFA KONA FAMILY TO JOIN ME TONIGHT ON OUR UB2B (youtube) AT 4:30 PM EST FOR THE INTRO TO OUR MONDAY NIGHT CONFERENCE CALL THAT STARTS AT 7PM EST.
I ALSO INVITE THE INTERNET TO COME AND JOIN US AT : http://www.ktfalways.com SO THAT WE CAN STUDY THE RAMIFICATIONS OF IRAN'S ACTIONS SATURDAY ON OUR INVESTMENT.
FINALLY ON OUR LAST UB2B I POINTED ............WITH FF77 ............MY HOPES ARE YOU CAUGHT IT FAMILY.
IF NOT..........THEN TONIGHT MAKE SURE YOU BRING THAT DRAWING I DID FOR YOU ABOUT THE MONTH OF............SEPTEMBER.
GOD BLESS YOU ALL AND SWEET ALOHA \M/
Frank 26 Youtube videos: https://www.youtube.com/results?search_query=frank26
Samson: Greek Foreign Minister visits Iraq
16th September, 2019
The head of the European Department, Ismail Shafiq Mohsen, met with the Greek Ambassador UNIDAS Kontofonios in Baghdad at the Iraqi Foreign Ministry.
"During the meeting, they discussed and discussed the latest developments in the international and regional arena and ways of enhancing bilateral relations between the two countries," a foreign ministry statement said.
"The two ambassadors also discussed the current arrangements for the forthcoming visit of the Greek Foreign Minister to Iraq soon," the statement added. LINK
Cleitus: The conservative elected government of Greece is paving the way for businesses to enter Iraq. There is a debt to pay to the IMF and doors and eyes are beginning to open for the Greek peoples! These are very positive developments for the people and the country! More is coming!!! Thank you IRAQ!!!
Samson: The National Bank of Poland launched the updated banknote for 100 zloty
16th September, 2019
To / All licensed banks ( National Bank of Poland put forward for circulation the
updated banknote for the category ( 100 ) zloty ) ... To view Click here
Samson: Baghdad sends the dues of farmers in the Kurdistan region in full
16th September, 2019
The Federal Ministry of Industry and Trade in the Kurdistan Regional Government said on Monday that the federal government will send the dues of farmers in the region for a crop for wheat at the end of this year.
Baghdad has recently sent an amount of 51 billion dinars to the region as a payment to farmers.
Ministry spokesman Fathi Mohammed said in a press statement that the Iraqi Ministry of Commerce sent another amount of 51 billion dinars to farmers in the region, adding that 17 billion were distributed to each province with the start of distribution.
He added that of a total of 181 billion dinars financial receipts for the wheat crop in the Kurdistan region, only 25 billion dinars left with Baghdad, adding that by the end of the year will be sent in full. LINK
Samson: Al-Rafidain: 25 million advance for employees is flowing
16th September, 2019
Rafidain Bank confirmed on Monday that the application for an advance of 25 million dinars for state employees is being smooth and high turnout
The bank's media office said in a statement seen by Al-Eqtisadiah that the granting of a 25 million advance would be exclusively for the employees of the endemic state
The statement added that "the application for advances is through the bank branches scattered in Baghdad and the provinces LINK
Samson: 10 Main axes focused by the central bank governors in the 43rd session
15th September, 2019
Egyptian Prime Minister Mostafa Madbouly on Sunday inaugurated the 43rd session of the Board of Governors of Central Banks and Arab Monetary Institutions.
The Central Bank of Egypt said in a statement on Sunday that the 43rd session of the Board of Governors of Central Banks discussed 10 main axes as follows:
1- Regional and international monetary, economic and financial developments, their repercussions on the Arab economies, and the challenges facing the world economy, including high levels of indebtedness and developments in world trade.
2. Governance of Central Banks Rapid developments and expansion of responsibilities of central banks.
3. Strengthen the capacity of central banks to support financial stability and develop risk management in line with developments in the financial and banking sector. In this context, the Board welcomed the recommendations of the recent IMF study on the governance of central banks.
4 - The accelerated developments in the financial and banking industry in terms of the growth of cryptocurrencies issuance of central banks, and focused the interventions of the members of the Council on the opportunities offered by cryptocurrencies in promoting financial inclusion, fighting corruption and money laundering, and the development of electronic payment tools and improve liquidity management.
The CBE pointed out that the Council noted the need to address the risks that may arise, in addition to studying the possible effects on monetary policy and the importance of appropriate preparation.
5. Building the capacity of central banks wishing to issue cryptocurrencies, and developing standards regarding digital identity and the principles of knowing your customer. The Council also stressed the importance of developing appropriate legislation and enhancing international coordination in this regard.
6. The work and recommendations of its committees and task forces, namely, the Arab Banking Supervisory Committee, the Regional Working Group for Promoting Financial Inclusion in the Arab States, the Financial Stability Task Force, the Arab Commission for Payment and Settlement Systems, and the Arab Credit Information Committee.
In this context, the Board discussed a number of papers and topics worked on by committees and teams, the most important of which were “Banking Supervision on Institutions of Local Systemic Importance: Arab Experiences”, “Responsible Finance: Policies, Tools and Experiences”; Arab Countries and their Impact on Financial Stability", "Experiences of Instant Payments in Arab Countries", and" General Principles of Credit Rating for SMEs: Arab Experiences".
The Council stressed the importance of the proposals and recommendations contained in these papers, calling for their implementation in accordance with the situation of each country. He also briefed the CBE on the experience of the CBE in developing national payment systems and benefiting from modern technologies.
The Council welcomed the establishment of the Group of Modern Financial Technologies, due to its importance as a platform that brings together the most important parties and parties concerned with the development of the environment for financial technologies.
In this context, the Council stressed the importance of studying the proposal to establish a regulatory laboratory to encourage financial innovations, as a proposed new framework for cooperation and regional experiences among the supervisory authorities in the Arab region to encourage the establishment of financial technology companies and to promote capacity building in this area. The Council also called on Arab central banks to work to maximize the use of modern financial technologies.
The Council also welcomed the regional initiative to promote financial inclusion in the Arab region launched by the Arab Monetary Fund in cooperation with the World Bank, the Global Alliance for Financial Inclusion and the German Development Agency.
The Council looked forward to the activities and activities of this initiative, stressing the importance of benefiting from technical solutions to enhance financial inclusion. In this context, the Council noted the model of statistical surveys of the demand for financial services prepared under this initiative.
The Board discussed the follow-up of the implementation of the Arab Clearing System. The Council called for providing support and support to the efforts of the Arab Monetary Fund in completing the establishment of the institution and its services and activities, and enhancing opportunities for the participation of Arab banks and financial institutions and banking in the use of the system that will be managed by this institution, as the Council stressed, the application of the highest international standards and principles.
The members of the Board reviewed the Financial Stability Report for 2019 and expressed their appreciation for the follow-up of the Arab Monetary Fund to prepare and issue the report, including the topics and analysis. The Council stressed the importance of the report continuously reflecting priority developments and issues for Arab countries.
The Board reviewed the draft of the unified Arab speech to be delivered on behalf of the Arab Group during the annual meetings of the IMF and the World Bank.
Council members reiterated the importance of providing more financial support to Arab countries. They also reiterated their call for strengthening partnerships between international financial institutions and Arab funds and financial institutions. LINK
Samson: President of the Republic: We will present the draft law of the Reconstruction Council to the parliament
President of the Republic Barham Saleh, on Sunday, with the parliamentary legal committee, the legislation of important laws in parliament during the coming period.
According to a presidential statement received by the agency (Euphrates News) a copy, that "Saleh received at the Peace Palace in Baghdad on Sunday, Chairman of the Legal Committee in the House of Representatives Rebwar Hadi and the delegation accompanying him."
Saleh stressed, according to the statement, "the importance of focusing on the important legislation to complete the building of the state and the development of the educational and educational environment in the country," pointing out that "the current legislative chapter will be an important chapter, where the Presidency of the Republic will submit to Parliament with the Prime Minister jointly draft reconstruction law, which It will be a breakthrough for a major economic transformation in the country aimed at completing infrastructure projects and providing job opportunities for young people."
The President expressed his hope that these projects will be approved quickly, especially as there is fruitful cooperation between the three presidencies, stressing the importance of coordination between the Presidency and the Parliamentary Legal Committee in order to legislate important laws that serve citizens and contribute to the consolidation of security and stability in the country. LINK
Samson: Economist: oil prices may exceed $ 100 a barrel
16th September, 2019
Oil expert Majid al-Suri said Monday that oil prices could exceed $ 100 if Saudi Arabia loses 50 percent of its oil production, or more than 5 million barrels of oil, pointing out that oil producing countries will not be able to cover the shortage in oil production.
He said in a statement to the information, that "information about the loss of Saudi Arabia half of its oil production will lead to the rise in the price of a barrel to more than $ 100, because that means the loss of Riyadh more than 5 million barrels," noting that "oil-producing countries will benefit from This rise will cover the shortage, especially America, which has large oil reserves.”
He explained that "the world will need more than three million barrels of oil to make up for the shortage of production, where will not be able to produce countries, including Iraq to provide this quantity," pointing out that "Saudi Arabia can release its oil stocks to create a balance in the shortage."
Suri said, "Winter is on the doors, and the world will demand additional oil, as the trend today to reduce production, but the recent events, especially if Saudi information is believed to lose 50% of its production, the world will see a shortage of oil will raise prices to more than 100 Dollars a barrel.” LINK