Frank26 Video "Nothing Stops The CBI" and KTFA Members 1-10-2020
KTFA:
Samson: Legal expert: America will not pursue Iraq’s money abroad after settling debts with it
7th January, 2020
The legal expert, Tariq Harb, confirmed on Tuesday, January 7, 2020, that the United States will not pursue Iraq’s money deposited in the US federal treasury after all its debts have been settled against its companies.
Harb said, in a statement to the obelisk, that "five years ago, Iraq made a settlement with the United States of America by paying more than 500 million dollars on all debts claimed by American companies for Iraq."
Harb added, "The agreement provides for America's commitment, after that, to not institute any lawsuit against Iraq, whether it is administrative, legal, or judicial."
Harb pointed out that "Iraq remains in need of US banking facilities and to cooperate with the US Treasury on what is being reported to Iraq from money laundering operations or financing of terrorism or the inclusion of major financial corruption for some of the personalities."
He continued, "Iraq needs to deal with the US federal treasury, and the important financial decisions it issues for Iraq, as well as it needs to Morgan Bank, which is the main provider of financial services, as he from time to time informs Iraq of the bodies and people who transferred the money abroad to do After that, Iraq will be audited by the competent authorities in this matter." LINK
MilitiaMan: Samson, lets go back a few days and recall the 7 demands from Iran that were handed out for the "future" 5 names for PM.
One of them was for to stay the course on the Auctions. Recall that there was noted to be about 40 billion $ out abroad in 2019 alone. If we see what happened to the two terrorists recently and how they made their money.
One can or may see an interesting similarity as to the timing of the shut off (reduction in note count) in the charts by the CBI. imo. The reduction in note count by the cbi has an oddly familiar relationship to the amount of $40 Billion (edit) in value, that the Iranian factions were getting from the abroad allocations. Interesting.. imo
Regardless the UST has eyes all over the place and will know where the money flows and how to cease the outflow. One way is an RI. Ceasing MCPs is apart of that to come, imo.. ~ MM
*****************
Iggy: You are never too old to set another goal or to dream a new dream."
******************
Samson: Parliament holds a session tomorrow to vote on bills
1/10/2020 4:45 PM
The Parliament will hold its regular session tomorrow, Saturday, to vote on several bills.
A representative source said in a press statement that "the session No. 27 will be held at exactly one o'clock in the afternoon from tomorrow, Saturday, explaining that, according to the session's agenda, a vote will be taken on the proposal to amend the Federal Financial Management Law No. 6 of 2019, and also vote on a draft law to join Iraq To the International Land Transport Agreement of 1975".
He added: The session will also witness the second reading of the proposal to amend the Iraqi Commission for Accreditation Law No. 78 of 2017, and complete the vote on the health insurance law proposal. LINK
***************
Don961: (Post 130) Dinar support for daily transactions is required now
Friday 10 January 2020
Baghdad / Mustafa al-Hashemi
Markets recorded in the past few days a relatively high exchange rate of the dollar against the Iraqi dinar, as well as the high price of gold locally, at a time when specialists considered this rise within the normal rates and does not call for fear; because the conditions that Iraq has gone through previously proved that.
On Friday, gold prices recorded 260 thousand dinars, while the exchange rate of the dollar amounted to 122 thousand Iraqi dinars against the hundred dollars, after it reached 124 thousand dinars per hundred dollars last week.
General conditions
The banking advisor, Dr. Issam Al-Mahawili, stated that "the high dollar exchange rate is influenced by circumstances, news and general conditions as (spongy boarding) and temporary and will return to its normal levels, but it will take one or two weeks at the most."
Al-Mahawili added in an interview with Al-Sabah that this fluctuation in the price will continue for a period until the gap between supply and demand returns to its normal size.
Calling for "not to buy dollars and deal."
It is used in buying and selling and relying in the daily commercial dealings on the dinar, because this will reduce the demand for it, which increases the supply. "
"Consequently, abundance will contribute Greatly reduced its exchange rate, " stressing "the need to support the dinar in this economic phase that Iraq is going through, in order to alleviate those with low incomes and poor segments of society."
Productive sectors
The banking advisor stated that "activating the productive sectors would reduce the effects of the low exchange rate of the dinar against the dollar, as in the final outcome it reduces imports of goods that can be produced and manufactured locally and that cost large amounts of money that can be invested and invested in revitalizing those sectors."
He stressed that "the central bank A discreet institution capable of handling such an imbalance is that Iraq is a rich country and his revenues from oil exports did not stop from him despite the fluctuating price of a barrel globally, "stressing that prices will return to their normal rates after a period of time has passed."
Previous experience
In turn, economic researcher Firas Amer said that "such an imbalance in the exchange rate is a result of the conditions the country is going through," adding that "this reality has been experienced by Iraq previously after the stability of the dollar exchange rate during the years 2012 and 2013."
He pointed out that "the high price of gold and the dollar in Iraq has to do with the threats and economic concerns that the country may be exposed to due to regional conditions and fears of the outbreak of conflicts in the region that may have repercussions on the country."
He explained that "Iraq is an oil producing country And that the news I covered various media outlets have created an unwarranted panic among Iraqis. "
Pointing out that the market is now it is controlled by the central bank, except from some weak souls who take advantage of these conditions to raise prices, as there is a state of general confusion in the gold markets and exchange rates locally. LINK
Harley1: Step 1: stop using the dollar
Step 2: use lower denoms and reprice the marketplace to accommodate them
Step 3: change the international exchange rate so that it correlates with the new internal value of the Dinar
MilitiaMan: They are calling out to not buy Dollars. Interesting timing! It seems they now have a need to support the dinar and even more now especially when moving into a new phase of going into a market economy. imo. They will need to support the dinar to protect the poor segments of society during the roll over into it.
The CBI is in control of the market they say, thus, they state the were capable of handling imbalances. They give assurances that Iraq is a rich country! They are saying the abundance of Dollars in the market is a concern.. Imo. This is supporting they are now looking to quit using the Dollar. Thereby, supporting the Dinar. Once they cease MCP's the demand of the Dinar will increase. imo..
Yesterday, the CBI Governor, ITB, Finance Minister, etc., told us they were going to protect the currency internally and externally. That is meaning to me, they have the mechanisms in place to do so. One mechanism would be to stop the MCPs and raising the rate of the IQD. The supply and demand will equalize over time, it may only take a couple weeks once they do?
Regardless, that sort of support is a requirement by the IMF for completion and ascension into a market economy, imo. Iraq has been given orders to complete the MR process and they clearly are making that very apparent, as to the effect to that is exactly what they are doing!!! imo.
All good. What say you Delta? ~ MM
******************
Frank26: 1-10-20. NOTHING STOPS THE CBI
Frank, Delta and Walkingstick