KTFA: 

Samson:  Parliament holds an evening session tomorrow (today)   LINK

2Cents:  Very Interesting start time especially on a Thursday.........

MilitiaMan:  The consistency of the talk of loans, debt, payments, salaries, etc., cannot get lost on the timing of all these things that are converging. They clearly are in push mode to jump start the market economy by having an irregular session.

This convergence should have everyone feeling real good about now!! imo All banks are set and on board we understand to adjust payments (accounting), salaries, loans, debts, etc..

They are ready for the contributions of the government to support it all too.

 Also, note the 62 billion is slated for accounting next year..(see article below)  ~ imo ~ MM

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Samson:  For the first time since 2014 .. the region delivers its oil to Baghdad and announces important details

5th December, 2019

The Minister of Finance in the Kurdistan Regional Government Awat Sheikh Janab on Thursday announced the delivery of the federal government in Baghdad 250 thousand barrels of crude oil per day, in the first time since 2014.

"We have decided to deliver 250,000 barrels of oil per month per month to Baghdad," Sheikh Janab said at a joint news conference with provincial council secretary Amang Rahim and chief of the provincial council of ministers Omid Sabah. "We have agreed on a formula on the payment of loans," he said, adding that "most of the Kurds' demands have been met."

He pointed out that "we reached an agreement with Baghdad on the budget and oil," pointing out that "reducing the share of the Kurdistan region in the financial budget was a political decision unfortunately." "Our negotiations this time with Baghdad have been successful," he said, stressing that "if Baghdad abides by the agreement, there will be no problems with the payment of salaries." He continued that "the ball now in the court of the Iraqi parliament with regard to the budget," stressing that the Kurdistan region will abide by the agreement we reached with Baghdad.

For his part, Secretary of the Council of Ministers of the Kurdistan Region Amang Rahim that the region will contribute to raising financial revenues for Iraq in accordance with the agreement reached with the federal government on the budget and oil. 

 Rahim added that the federal budget for 2020 is still in the process of legislation. He said that the Kurdistan region will contribute to increase financial revenues for Iraq in accordance with the agreement reached with Baghdad, stressing that the recent agreement is in the interest of both sides.

He added that "Iraq borrowed 62 billion dollars and part of it has nothing to do with the Kurdistan region." He pointed out that the region will provide Baghdad with information about the debt of the Kurdistan region, noting that the debt of the region will be installed in the financial budget for next year. Rahim said there was an understanding between Arbil and Baghdad about the debt.

Samson:  Saleh discusses with an American envoy the latest developments in Syria and the region  LINK

MilitiaMan:  I'll bet the pressure is on and being applied all to well. The calm that is been taking over in the south with demonstrators while the USA keeps a close eye on things. Notice the progress in the news about implementation and activation of commercial projects and even at World Class Levels, too. I sure have.. imo ~ MM

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Samson:  Diyala clans stage demonstrations in support of the peaceful center of Baquba  LINK

MilitiaMan:  I suspect you like the level of calm we see. Just as we would like to see at this time.. Very positive indeed! ~ MM

Samson: Karbala Police: The holy city is quiet and there were no clashes   LINK

MilitiaMan:  More calm.. Setting the stage for a sound environment. They may expect that all they see from the CBI and Banks of late has there attention now.. The expectation of purchase power and that the USA has there back, is a good thing. ~ imo ~ MM

MilitiaMan:  The calm on the streets has a great feel today. The recent actions of the suspension of loans is powerful. All loans and many contracts have to deal with payments.

Think about it. Every car loan, house loan, private loan, commercial and even industrial loans have to be adjusted accordingly when a rate is expected to change. 

The citizens in mass will know that. Sistani was telling the public yesterday that he was in support of their demonstrations if peaceful and voila, today we see that to be the case.

So, when they say all banks are involved that means they are ready now. Banks are closed in Baghdad long time ago now.

They have said they were having a Parliament session tonight in regard to the budget.. So, I feel good that this one killer window!! imo ~ MM

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Samson:  Finance of Kurdistan announces the start of the distribution of September salaries next week

5th December, 2019
The Ministry of Finance and Economy of the Kurdistan Regional Government announced today, Thursday, the start of distributing the salaries of the region's employees as of next week.

A source in the ministry said that next Sunday 8/12/2019 will witness the beginning of the distribution of the salaries of the month of September 2019 to the office of the Ministry of Peshmerga and the brigades affiliated to the ministry.

The source added that the distribution process will continue after that according to the schedule set for all government departments and institutions.    LINK

MilitiaMan:  A little behind are they not? Or are they hiding something to come next week.

We know salaries are going to be more and more electronic. As are the new small category notes that they banks have sitting in their respective vaults. Like the ones they mentioned yesterday from back to 2010 specifications. I find that brought forward the data from the CBI as it is relevant now, as they specifications will be required for security purposes.. Why?

Imo a rate change warrants it.. Just as the suspension of the loans for the month suggest's a change is coming to keep things on a level playing field.

So payments, will need to be sorted as well. If they are behind in payments? Then they'll need to knock them out and quickly.

I suspect since the Kurds showed and are happy from what I see anyway. The dates may be a squirrel.. They have a schedule. Schedules have dates and times..

They say they will continue next week.. I am liking this. Future new salaries are the goal electronically. Just as the new notes based on a % will be too..

Very interesting timing to bring out an article that shows months old dates today, yet talk of next week.. imo ~ MM

DELTA:  Al-Taif Islamic Bank offers its customers the service of buying and selling foreign currencies at the best competitive prices supported.

Note that the price of the dollar may change.
Speed in completion and accuracy in dealing

# Islamic Bank of Latif
#Sales_Purchase_Foreigns
#Department_Awareness_Banking and protection_public

MilitiaMan: The price of the dollar may change to the Dinar is right, imo.. We are told that not only the TBI suspended loans, all banks may have. Apparently they sure have.. imo  A rate is expected to change prior to salaries, contracts, etc, and most will need to be electronically done, whereby, those that are not yet opened an account will get NSCNs, thus, they will need to be adjusted or paid accordingly. Don't forget that the CBI warned on the CBI site that is was coming.. Wow.. They meant it.. imo ~ MM

"It was not just one Bank." ~ Frank26/AG1/YTV

"All Iraqi Banks agreed to this." ~ Frank26/AG1/YTV

"The banks of Iraq are in Unity." ~ Frank26/AG1/YTV

"This is an accounting adjustment." ~ Frank26/AG1/YTV

"All the banks agreed to this, because they know what is coming." ~ Frank26/AG1/YTV

"We are in an incredible window." ~ Frank26/AG1/YTV

"Every Bank is on board." ~ Frank26/AG1/YTV

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Samson:  Abdul-Mahdi: We will send the final accounts to Parliament from 2013 until now

18:51 - 04/12/2019
Resigned Prime Minister Adel Abdul-Mahdi confirmed , on Wednesday, that the Council of Ministers will send the Parliament the final accounts from 2013 to date.

Abdul Mahdi said during the meeting of the Council of Ministers and followed by the agency / information /, "The Council of Ministers will send the final accounts of the House of Representatives in the coming days," noting that "the accounts will include the final accounts since 2013 until this year."

He added that "all previous governments since the era of Abdul Karim Qassem and the first Baathist era and previous democratic governments did not send the final accounts to the House of Representatives to know the size of the loss and profit," noting that "the final accounts are important to know the government's financial and economic policies."   LINK

MilitiaMan:  The final accounts dating back that far have been sorted and some time ago the IMF talked about this.. Another indicator, things are all good and ready for implementation!! imo ~ MM

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Don961:  Significant facilities for the investment sector in Nineveh

Wednesday 04 December 2019

Mosul / Shorouk Maher 

Nineveh Governor Najim Abdullah al-Jubouri participated in the opening of the International Forum for Investment and Reconstruction in Nineveh, funded by the US Agency for International Development (USAID), in the presence of a number of personalities. 

Speaking at the forum held in Erbil and attended by "morning" yesterday, Jubouri pointed out that "the federal government allocations from the annual financial budgets for reconstruction in Nineveh, do not exceed one billion dollars annually," stressing "the importance of relying on investments in many areas to promote the province And complete construction and reconstruction. "

He added, "Nineveh has the potential of geography, human and natural resources with security stability, which creates the right atmosphere for investment, in addition to the presence of Iraqi and foreign companies operating in Mosul, and this reflects the existence of the right environment to work in investment in all areas."

The governor expressed "the readiness of the local government to provide all facilities for investors and commercial companies to work and implement their projects and achieve their objectives clearly."

In the meantime, the governor of Nineveh, during the opening of four departments of municipalities in the districts and districts of the province, the launch of 2,000 degrees of employment in accordance with the contracting system for municipalities.      LINK

MilitiaMan:  More signs of readiness for investors.. The local Gov will provide the facilities for investors and commercial companies.  That means they will provide a place to produce and distribute public goods and services. They have 2,000 people ready to go, apparently for the contractors to draw from.. Timing is now.. imo ~ MM

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Don961:  Iraq is an active partner in reviving trade between neighboring countries

Wednesday 04 December 2019

Baghdad / Mustafa al-Hashemi

The process of regulating the transport of goods and attention to the work of ports plays an important role in the economic junction, because Iraq has important ports, which gives it a strategic importance between countries, especially neighboring countries in activating trade and favoring it in favor of Iraq through the coordination of the work (logistics cities).

The Minister of Transport Engineer Abdullah Laibi "the need to use modern technological methods and electronic systems and extract a database of all aspects of work, which will be one of the output statistics and data accurate and correct and important for foreign trade and useful for all official authorities."

This came during the 23rd meeting of the National Committee for the Facilitation of Transport and Trade in the ESCWA region, which was held in the presence of Undersecretaries of the ministries and heads of private sector unions and members of the Committee at the headquarters of the Ministry.

The committee discussed the topics on the agenda, which included six chapters, including statistics and data of foreign trade for Iraq, the accumulation of containers and goods in Iraqi ports, the activation of river transport and mass transit and other issues related to the problems and obstacles facing transport and trade and the Ministry of Health and the city of Baghdad.

The minister continued, `` After the clear demand for Iraq's ports, because of its strategic importance in activating trade between neighboring countries, it is necessary to create storage yards (logistics cities) allocated for the storage, examination and delimitation of goods in order to evacuate the docks of ports and allocate them to the work of ports exclusively to encourage merchants and do not accumulate goods in the port. ''

The activity of commercial traffic in the ports of Basra is the interest of the majority of foreign investment companies, amid efforts to restore this city to its position as a major commercial center in the Gulf region, while showing the need to accelerate the implementation of simplified customs clearance to facilitate the entry of materials and goods needed by Iraq in the reconstruction Infrastructure.

The minister called for "activating the electronic systems (electronic attachment) in tracking trucks between border outlets and customs warehouses in a way that ensures their access to their specific destinations," pointing out "the importance of activating river transport in the capital Baghdad and all governorates as an advanced civilization process."

He pointed to the need to "activate mass transport to alleviate the traffic momentum in the streets," calling for overcoming obstacles and obstacles to work and cooperation between the concerned authorities to facilitate the wheel of progress and catch up with developed countries.

For their part, the participants expressed their satisfaction with the serious measures taken by the National Committee of ESCWA at close times and the continuous follow-up of all details periodically and in coordination with all concerned to come up with recommendations to develop and serve the reality of transport and trade in Iraq.

In turn, stressed economic researcher Shaima Abdul Rasul that the facilitation of work procedures in ports would encourage foreign companies invested to come more to Iraq. In an interview with Al-Sabah, Al-Sabah said that "the procedures under which the ports are operating, despite the adoption of customs tariffs, do not live up to international standards of work.

"Local merchants and international companies entering Iraq are seeking customs clearance facilities in ports, but the procedures followed delay the process of speeding up the entry of materials needed by investors in the implementation of their projects," she said, pointing out that "access to customs facilities would maximize efficiency Capabilities to a world-class level, along with providing speed and reliability for the operation of Iraqi ports. " 

Basra has five commercial ports and two oil ports. The first is Al-Ma'qal, the mother port that was established in 1916 and the Al-Fao port, which was established in the same year. In the early 1970s, the port of Umm Qasr was built. In 1974, Khor Al-Zubair and Abu Flus port were built on the banks of the Shatt al-Arab.    LINK

MilitiaMan:  This is awesome to see them use powerful language.. WORLD CLASS LEVEL!! Very, Nice! They clearly are using terms that support a rate change is coming for to support international commerce and trade and they expect to get the Port to a world class one. ~ imo ~ MM