Militiaman and KTFA Members Sunday PM "Rate Preceeds New Notes" 11-24-19

KTFA:

Samson:  Samurai: Pence gave the green light to the Kurds on the sale of oil without involving Baghdad LINK

MilitiaMan:  I don't believe this is an aside for not paying the 250,000 barrels a day to Baghdad. In fact it is above and beyond that amount that could be sold.

This bodes very well for the Kurds and us as investors, as it will seal the agreement for the implementation of the 2019 Federal Budget Law that will usher in the 2020 Budget cycle to come (imo) that has the Kurdistan's Regional share of it inside.

Pence has ushered in what appears to be the foundation for the final agreement set for tomorrow in Baghdad. Keep in mind the salaries that will need to be paid.

We know they NSCN's (lower denoms) will need a rate prior to using them. They are said to be populated throughout Iraq now, as told by Alak that funds have moved in armored trucks in the very recent past.

The 28th is the last payday of the month. It makes more sense to to me to pay them in a new rate with nscn's, than again paying them with a program rate.

The average citizen gets about $800.00 USD worth of income.. They live like many paycheck to paycheck. So by now they are running low on money preceding payday.

Far cheaper for the RI while they have less money to convert. Paying again at 1190 and then RI is costly, thus, supporting prior to the last payday makes sense.. Literally too.

Remember rate precedes new notes.

That rate is imo in the 2019 Federal Budget for the 2020 Federal Budget.. They have held the 2019 budget very tight thus far this year, and for good reason all this time now.

Well, with Pence arriving unannounced shows that he had more on his mind than Turkey Dinner. In fact, it is more likely to be about large money and contracts that will benefit many and in short order.

The Kurds were not to meet in Baghdad until or by the middle of next week. Well tomorrow is not the middle of next week. The green light was given for BOTH SIDES in regard to financial rights and entitlements!!!

The salaries are part of those rights and entitlements. The value is for this year in the 2019 Budget.. So we watch and see if they get paid in nscn's or not this week. IMO, they will and it appears they will know more tomorrow..

Btw, by paying them in NSCNs they reduce the note count. That my friends is increasing value, just like the CBI has always said they will. It is not a lop!! ~ NEVER WAS AND NEVER WILL BE!! ~ imo ~ MM
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Frank26 quote:  "Since Daddy arrived last week, we are starting to get into the black (and out of the red).

We can do things for the budget now." "What if we give you everything you want in the 2020 budget, citizens?" "They'd rather it be done now." 

"The GOI says they're going to get it for them."  "The budget is for next year, but the value is for this year.""So as you can see, deleting the zeros or to remove (them imo See post #52 11/22/19) it, equals replacing the 3 zero notes with new ones, but that will happen after the rate change."

From CBI advisor Post #19 Delta: "tends to indicate the number of units of one currency versus another currency, it changes... reflect the monetary equation for _____ the purchasing the power when you are reducing the note count... This is powerful...it is telling you what they are doing with their exchange rate." ~ Frank26

Kurdistan signs positive talks with Baghdad and sends its delegation again

24th November, 2019

The Kurdistan Regional Government (KRG) announced that a Kurdish delegation will head to Baghdad on Monday, a day after a similar visit to the Iraqi capital.

The presidency of the Kurdistan Regional Government, on Sunday, met with the government delegation that visited the capital Baghdad, on Saturday, and held dialogues with officials in the federal government. The meetings of Baghdad on the oil files and the share of the Kurdistan region of the federal budget for the year 2020.

After the meeting, Gutiar Adel, a spokesman for the regional government, held a press conference in which he stressed that the ongoing talks between Baghdad and Kurdistan have reached an important and advanced stage and are proceeding in a positive atmosphere.

He added that "the delegation explained the principles that resulted from the visit and become the basis of the final agreement on the issue of the draft budget year 2020 in a way that takes into account the common interest of both sides and guarantees the financial rights and entitlements of the Kurdistan region contained in the Constitution in return for the obligations of the region."

He explained, "The delegation stressed that the two sides reached a good understanding, and will visit the delegation on Monday again to Baghdad in order to discuss more on the topics of salaries and the share of the region in the budget and oil and a number of other issues and observations of the regional government to agree with officials in Baghdad."

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Kurdistan government announces visit to Baghdad tomorrow to complete the talks

2019/11/24 18:13

The Kurdistan Regional Government, the visit of a high-level Kurdish delegation to the capital Baghdad to complete talks on the region's share in the 2020 budget.

This came during a meeting of the President of the Kurdistan Regional Government Masroor Barzani and in the presence of his deputy Qubad Talabani, on Sunday, with the delegation of the Kurdistan Regional Government, who visited Baghdad and held talks with the federal government in the oil and budget 2020.
A government statement received a copy of the Euphrates News,

The delegation of the regional government presented at the meeting, the latest developments regarding the talks with the federal government, pointing out that "talks between the two sides are making progress after it has passed important stages in a positive atmosphere and a common understanding." 

He added, "where the delegation highlighted the principles reached in his talks with the federal government, which represents a cornerstone of any final agreement to ensure the financial dues of the Kurdistan region in the draft federal budget for 2020 in return for the implementation of the obligations of the region for the mutual benefit of both sides."

The Kurdish delegation pointed out that "the talks he is holding with the federal government are under the direct guidance and patronage of the head of the provincial government, while stressing a good understanding," declaring "return to Baghdad again on Monday to continue the talks."  LINK

Don961:  Coming soon .. 2020 budget from the government to parliament

Sunday 24 November 2019
Baghdad / Omar Abdul Latif

 The Committee on Finance in the House of Representatives likely the arrival of the state budget for 2020 to the House of Representatives this week or the next, and the Committee indicated that the next budget will differ significantly from previous budgets and will come in line with the demands of protesters and citizens.

Committee member Sherwan Mirza told "morning": "The government is going to send the 2020 budget to the House of Representatives this week or next week to discuss," adding that "next year's budget will differ significantly from the budgets prepared in the past as it will come in line with the requirements of the current situation The demands of the demonstrators, "ruled out that" the budget next year will be similar to the past years as was happening in the past. "

And Mirza, that "the House of Representatives and the Council of Ministers gave a lot of promises to the demonstrators to intensify projects during the next phase and provide jobs for the unemployed, which contributes to calm the street, it can not be the budget next year void of content, and the government can not say that the budget prepared from Accepted the previous government because of its one-year anniversary. "

Mirza hinted that "the Kurdish delegation that arrived in Baghdad yesterday will hold talks with the federal government on the region's share of the budget next year and the delivery of oil revenues," stressing "a great convergence of views between the parties."

MP Majid al-Waeli, a member of the committee, told Al-Sabah that the cabinet has not set a date for sending the budget. Now a date to send to parliament. "

Qusay al-Shabaki, a member of the House of Representatives, agreed with his colleague Al-Waeli that the Council of Ministers delayed sending the 2020 budget to parliament.

Al-Shabaki told Al-Sabah that the Council of Ministers should expedite sending a budget next year to the parliament for the purpose of discussing it, fixing the notes and then voting on them before the end of this year.

Member of the Finance Committee Jamal Cougar, for his part, confirmed that the budget 2020 will be allocated most of its doors to meet the demands of the demonstrators.

"The budget includes the distribution of land and the construction of low-cost houses for the poor and the needy," Kojer said in an interview with Al-Sabah.   LINK  

MilitiaMan:  The Kurds are to be in Baghdad tomorrow. This article appears to be soft on timing. Probably for good reason.. The demands of the citizens is for Purchase Power and the NSCNs are for just that. Just as post #180 refers to.. They clearly here though, tell us the 2020 budget has some thing to offer that is significantly different than past budgets. As in the rate from the 2019 Federal Budget Law that was Amended in the Financial Management Law of same year. imo ~ MM

Popeye7:  Thank you MM for your insights... I agree that there is lots lining up for something historical to take place in more ways than just one...