Frank26 Video "Told You So" and KTFA News 4-6-2020

KTFA:

DELTA:  The crisis and central procedures

Over the past six years, the Central Bank has registered great achievements for Arab organizations and institutions 

And internationalism, despite the importance of all the accomplishments that have been achieved, we can mention in this article the most prominent of them. 

It has made it in the field of combating money laundering and terrorist financing, and leading monetary policy in light of the crisis in which oil prices have decreased in previous years and its initiative to support development, 

By launching the Five Trillion Initiative for government banks, in addition to one trillion for private banks to support and encourage industrial, agricultural and small housing projects 

Both large and large, and worked to maximize the bank's reserves 

Iraq from gold and hard currency.

 The race has always been to launch reassurance messages to the market and the country in general, to overcome and extrapolate crises before they occur, and we have the statement made by the Governor of the Central Bank in 2016 regarding insurance of employee salaries when oil prices drop 

What we heard recently and on the same topic this year, is evidence of the great care and wise vision that it follows to maintain the country's financial stability. 

And economically.

Today, we are looking forward to the actions that the bank will take 

The Iraqi Central and tools, which it will use in order to maintain the stability of the financial and economic situation in Iraq, and we are in light of a global crisis represented by a microscopic organism stopping the activities and areas of different life in all parts of the world and expectations of an acute crisis that will afflict the economies of many countries, we monitor and follow the steps and proactive measures , Taken by the central banks of the neighboring countries and the central banks in many countries of the world.

The country, before the crisis of the Corona virus, faces a severe political and social crisis since October of 2019, which was represented by the massive demonstrations that rocked the country 

And the repercussions, which accompanied it on the financial and economic fields and affected business in general and the banking sector 

Especially when it ends after this virus has reached the country and disrupts various life activities, which will 

The result leads to additional pressure on the banks 

In general, and private banks in particular 

This requires the intervention of the Central Bank of Iraq with proactive, rapid measures that stabilize the market and exchange rates.

http://alsabaah.iq/ 

MilitiaMan:  The data above and from earlier post today. ~ MM

In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks,This mechanism is done by giving companies a foreign exchange by providing a statement of beneficiaries and the need for travel tickets, and then they make payments according to the customer's desire, either in cash or in the account balances of electronic cards to the public.

MilitiaMan:  This sure looks like the MEETING went well today. They are talking about the NEW CURRENCY! A MECHANISM to support the Banking Sector that will be facilitated by use for electronic cards.. Wow, things are moving along now very nicely!!! imo ~ MM 

Walkingstick:  It did .... more, from this meeting.. and others, coming.....Regards..... ~ WS

MilitiaMan:  Note the proactive tools they will use.. Oh ya! imo ~ MM

****************

Frank26:  4-6-20 TOLD YOU SO

This video is in Franks Opinions

https://www.youtube.com/watch?v=jL-03xxuGY8

Dan:  get some perspective

GLOBAL DEATHS  Jan 1st - March 30th, 2020

35,016          Coronavirus
75,645          Mothers During Childbirth
118,980        Seasonal Flu
240,056        Malaria
262,441        Suicides
330,367        Traffic Accidents
411,415        HIV/AIDS
612,105        Alcohol
1,223,439     Smoking
2,009,990     Cancer
3,177,081     Communicable Disease
10,402,251   Abortions

ChrisC:  The reaction to this doesn't make sense unless it has another purpose, IMO.