KTFA Monday CC and Tuesday News 9-24-19



Salamon69:   Good teaching tonight Frank....  Firefly 77 is providing golden information...

Now it makes sense why they are asking citizens to bring in the 250, 500, and 1000 dinar note to give them crispy new ones  and why they will coexist with the new notes...

Move the decimal place over 3 zeros and you have 25 cents, 50 cents, and 1 dollar...   BRILLIANT

All to transition as they roll out the lower notes and fills in the coming months.  And they have their Visa cards just like we have here in USA that they will use....

Everything now is clockwork

Walkingstick,  pray for your healing and much peace.  You are a blessing.

Delta's excitement !

God is GOOD and we are seeing the ROSE bloom in front of our eyes!


Monday Night KTFA CC 9-23-19

PLAYBACK : 605.313.5163    PIN: 156996#



Samson:  US, China to resume trade talks next week
24th September, 2019

US Treasury Secretary Stephen Mnuchin said trade talks between the United States and China would resume next week in Washington, adding that the Trump administration had asked Chinese officials to cancel a visit to US agricultural areas

Speaking to reporters next to President Donald Trump at the UN General Assembly in New York, Mnuchin said the cancellation of the trip to the farms "was at our request

Both Mnuchin and Trump said China had pledged to buy large quantities of US agricultural goods


Samson:   Iraq's most important agreement with China revealed

9/24/2019 9:22

A source close to the government, on Tuesday, revealed the most important agreement concluded by Iraq with China during the recent visit of Prime Minister Adel Abdul Mahdi at the head of a large delegation to the Chinese Republic, which lasted five days.

The source told Al-Sharq al-Awsat newspaper that the framework agreement for spending through the financial trust fund is among the most important agreements concluded with the Chinese side.

He added that "China, according to the recent agreements will be one of the largest importers of Iraqi oil, and today imports up to 800 thousand barrels of oil per day from Iraq and I expect to rise to one million next year."    LINK


Samson:  Iraqi delegation concludes visit to China

2019/23/09 22:12

Prime Minister Adel Abdul Mahdi and his accompanying delegation concluded his official visit to the People's Republic of China back to Baghdad, according to a statement of the Information Office of the Prime Minister.   LINK


Samson:  Oil prices fall on concerns of falling demand

9/24/2019 10:59

Oil prices fell on Tuesday as weak manufacturing data in Europe and Japan focused market attention on a bleak outlook for demand and kept it out of the uncertainty surrounding supply disruptions in Saudi Arabia.

By 06:24 GMT, Brent crude futures were down 40 cents at $ 64.37 a barrel, while US West Texas Intermediate crude futures were at $ 58.31, down 33 cents. "The demand side of the equation is back into focus," said Michael McCarthy, chief market analyst at CMC Markets in Sydney, citing faltering manufacturing figures in major economies in Europe as well as Japan. "That's why we're seeing a little bit more [downward] pressure on Brent than West Texas right now," he said. However, oil prices remain at relatively high levels since the start of the year following a September 14 attack on Saudi Arabia's largest oil processing plant, which halved production by the world's largest exporter.

Saudi Arabia has recovered more than 75 percent of its crude production losses after attacks on two of its facilities and will return to full quantities by early next week, Reuters reported. But the Wall Street Journal reported on Monday that reforms at the two facilities could take longer than expected in months. Mike Tran, a commodities expert at RBC Capital Markets, said in a note that increased US oil exports to Asia to replace Saudi crude and lower US imports from Iraq meant US oil inventories could fall short of expectations.   LINK


Samson:  Former Treasury manager of Babylon arrested for embezzlement of state funds
24th September, 2019

A local source in the province of Babylon, on Monday, the arrest of the former treasurer of Babylon province on charges of embezzling state funds during a visit to Iraq.

The source said in an interview with Alsumaria's News, he said that "security force arrested the director of the treasury of Babylon, former Hamza Jawad Kazem al - Dulaimi, who issued an arrest warrant against him on charges of embezzling state funds during his visit to Iraq", without giving further details.

It is said that the Iraqi judiciary issued an earlier arrest warrant against the treasury director of the province of Babylon , the former Hamza al - Dulaimi.   LINK


Samson:  The Central Bank announces amendments to the controls on the declaration of funds entering and leaving Iraq

24th September, 2019

For the sake of the Central Bank of Iraq to clarify the instructions and regulations for the
declaration of funds entering and leaving across the Iraqi border.

 The Central Bank of Iraq / the Council for Combating Money Laundering and Financing of
Terrorism, would like to announce the first amendment to the rules for the declaration of
funds when they are entered or taken out across the Iraqi borders, published in the Iraqi
Fact Sheet No. 4551 dated 19/8/2019, before they enter into force on February 2020, to
spare citizens and travelers legal accountability for the irregularities stipulated in those
controls during the transfer of funds across the border .

 Central Bank of Iraq   information Office  2019/9/24

 »  For the first amendment to the regulations permit funds No. ( 1 ) for the year (2019)
... Click here
Translation...In accordance with the provisions of paragraph (IV) for the period (7) and the provisions
of Matn (1) b (2) of the Anti Money Laundering and Terrorist Financing No. (3) for the
year 2012, we issued the following controls:

Regulations on the declaration of funds upon entry and exit across the Iraqi border No. (1) for the year ۲۰۱۷. Mali shall be added to the continent (5) of the controls, and item (c) shall have: That the funds
being transferred are illicit funds;

(E) Amount allowed to be dissolved or removed from and into the territory of the Republic of Iraq, including  or the amount below (۱۰۰۰۰) (ten thousand US dollars or its equivalent in other currencies.

Color declared by amounts more than (۱۰۰۰۰) (ten thousand US dollars) to twenty
thousand US dollars) subject to the declaration, with the need to show what the
purpose of the introduction or absent these amounts, and in the absence of supporting
documents, the traveler will make a commitment to bring those documents after (8)
days from the date of the declaration

Member body At | "(C) It is forbidden to enter or remove an amount exceeding (۲۰۰۰۰)
(twenty thousand US dollars or its equivalent in other currencies, and the process of
entering or taking such amounts through financial institutions.

3. These controls shall be implemented after (1) months from the date of their publication in the Official Gazette. Ali Mohsen Ismail Chairman of the Anti-Money Laundering and Terrorist Financing Council
Governor of the Central Bank of Iraq Agency


OlLar:  I like the change in Language, it seems before these restrictions gave an amount in USD and an amount in other currencies including the IQD, now it's, USD and an EQUIVALENT amount in other currencies, that leaves the door wide open for any rate change. IMO

Samson:  Six thousand imaginary projects since 2003 cost Iraq about 200 trillion dinars
24th September, 2019

An official source revealed that since 2003, there are 6,000 imaginary projects in Iraq, indicating that 30% of them are sponsored by the United States.

The source said that "the number of fake projects in Iraq since 2003 (after the US-British entry), and up to this year, more than 6,000 projects," noting that "the amounts incurred by Iraq because of this amount to about 200 trillion Iraqi dinars (about 178 Billion dollars) over the past 16 years."

He added that "30% of the fake projects were sponsored by the Americans, and there are officers and various American rings involved with them," adding that "70% of these projects were in the time of successive governments after the departure of Americans."

 He added that "among these projects, residential and tourist compounds and other services laid the foundation stone for them, but ended up unknown and did not see the light, although the amounts were spent from the public budget."

On whether the current government has the ability to open this file, the source said, "It will be a very dangerous file, because many political leaders are involved in it."

He stressed that "the government to hold accountable spoilers and recover the money looted from the state treasury because of those projects that did not have a reality on the ground."

 For his part, MP Alaa al-Rubaie, said that "the Ministry of Education since 2011 demolished 1500 schools across Iraq, on the basis of building new schools replaced," pointing out that "up to the moment did not establish one of them, and included in the fake projects, and the ministry has not held accountable negligent And corrupt in this project, which is now in the cabinet."

He continued that "Iraq needs more than 10,000 schools, and we are coming to a new school year, but there is a shortage of school buildings reflected negatively on education in Iraq."  

 Al-Rubaie stressed that "the explosive budgets allocated huge funds for the establishment of large projects, but in fact that nearly 2000 projects did not see the light, has not been built up to this moment, including hospitals, schools, road projects and other projects stalled."

Since 2004, Iraq's national income is estimated at more than $ 1 trillion, depending on oil revenues exported in the same period.  So far, however, the country suffers from poor health, education and services such as water and electricity. breeze. LINK


Frank26, KTFADinar Recaps 20