Dinar Recaps

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MilitiaMan and Samson "Change is in the Wind" Tuesday 5-11-2021

KTFA:

MilitiaMan:  Lets see if they iron out the kinks this week. The Government bears the responsibility in paying dues, yet, lets see what do, as they have a political agreement to sort things out. 

Everyone in the ME and around the world is watching and waiting for them to set the terms (mechanism) for international trade... imo It is coming.

Even the pressure from SA is noticeable..  They would be wise to not have another meeting about investments unless of course they meet over the successes from the outcome, that is to come from them.. imo ~MM 

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Samson:  Al-Kazemi: A delegation heads to Kurdistan to solve the disputed territories crisis

9th May, 2021
Mustafa Al-Kazemi, Iraqi Prime Minister, announced that a delegation will head to the Kurdistan region this week to solve the disputed territories crisis.

The prime minister said during an interview broadcast by Al-Iraqiya News Channel, which was followed by the Iraqi News Agency, "INA", today, Sunday, that the relationship between Baghdad and Erbil today is in its golden age."

Al-Kazemi continued: "I worked with the Kurdish leaders to dismantle the misunderstanding between Baghdad and Erbil," stressing the need to establish trust between the Kurds and Arabs to solve the disputed areas crisis, indicating that "the region's dues will reach it soon."

He revealed "a delegation will head this week to the region to solve the disputed areas crisis," noting that "we will address the disputed areas crisis with a proposal that Baghdad will present to Erbil."

LINK

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Samson:  Deputy: Finance bears responsibility for delaying budget execution

14:07 - 10/05/2021
Member of Parliament, Hassan Ali, on Monday, carried the Ministry of Finance the delay in implementing the Federal Budget Law, indicating that the government did not implement any poor budget law.

"There is a slowdown in the implementation of the budget law for 2021 by the Ministry of Finance, which is something the government bears," Ali said in a statement to Al-Maalouma.

He added: "The upcoming elections and the start of propaganda campaigns for some political parties are other reasons for delaying the implementation of the fiscal budget law for the current year," ruling out "sending Baghdad the Kurdistan region’s share before holding new talks between the two sides."

Regarding the agreement between Erbil and Baghdad within the budget, Ali clarified that "my federal and regional governments bear responsibility for the slowdown in Article 11 of the budget, which was concluded with a political agreement."   LINK

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Samson:  Sadikoun: There is a surplus in the budget, and there is no need to borrow

17:16 - 10/05/2021

"We have an explosive budget and there is a large surplus in it, and there is no justification for the financial representation regarding the need to borrow."

Al-Fatlawi said in a statement to the agency / information / that “there are major flaws in the Ministry of Finance, and there is no justification for asking for financial representation and the need to borrow because the budget is explosive, oil prices are high, and there is a large surplus in the budget.”

He added, "There are revenues from industry, agriculture, trade and border crossings, and there are large revenues from collection and taxes, and there is no need for us to borrow."

He pointed out, "The government should take a position on the Minister of Finance and the confusion within the ministry and the need to intervene before dumping Iraq into debt."

It is noteworthy that Parliamentary Finance called for the need to borrow. 

""There are revenues from industry, agriculture, trade and border crossings, and there are large revenues from collection and taxes, and there is no need for us to borrow."  LINK

MilitiaMan:  All of the above items will be to support their international exchange rate (REER). Not to mention the recent increase for $1.5 billion in revenues from oil to $6 Billion now per month.  Hence, all of the above is why the Kurds are looking for their dues.. The "Golden Age is to be upon them.. imo. ~ MM"

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Samson:  Al-Kazemi refers to an "unprecedented" security coordination between Baghdad and Erbil: it will curb terrorist attacks

9th May, 2021

On Sunday, Prime Minister Mustafa Al-Kazimi indicated that "unprecedented" security coordination occurred for the first time, between Baghdad and Erbil, that would end terrorist attacks in the disputed areas and the "security vacuum" areas.

Al-Kazemi said, during his meeting with the presenters of a number of Iraqi satellite programs, that "the relationship between Baghdad and Erbil is at its best, the level of trust between the federal government and the regional government." He pointed out that he had "historical struggle relations with the Kurds from the days of the struggle against dictatorship, and with all Kurdish leaders, whether in Sulaymaniyah or Erbil, and that he tried to dismantle some of the elements of tension, and worked to dismantle a lot of misunderstanding, which contributed to approving the budget."

On the 2021 budget, Al-Kazemi explained, "The budget contains a clear agreement between the federal government and the regional government, and it was approved in Parliament and covered with parliamentary support." He noted that "Baghdad is now in the final stage of approving and distributing the budget sections, and Kurdistan's share will soon reach Erbil."

On the disputed areas, the Prime Minister stressed that it is "a long problem, and it is illogical to solve it in two days, and there is a need to establish trust between Arabs and Kurds, which are areas not only with Erbil but throughout Iraq." He continued, "We have disputed areas. We need a stable political situation more than the current situation in order to build all the elements of confidence," noting that "a delegation to the region went earlier, and another delegation will go to find solutions regarding security coordination, which, unfortunately, are exploited by ISIS gangs and terrorist groups." 

Al-Kazemi expressed his confidence that "the regional government will cooperate with Baghdad's proposals in this direction, because the security of the region is the security of Iraq and it is a collective responsibility." He pointed out that "representatives of the region attended for the first time in a security meeting in Baghdad, they discussed the issue of the disputed areas, which are sensitive and dangerous areas exploited by the enemy, and the two parties will work to solve their problem with a proposal submitted by Baghdad."  LINK

MilitiaMan:  There it is again. The kurdistan share is to reach Erbil.. There is enough support now that they should have smooth sailing.. They have plenty of resources to cover a very healthy and strong currency.. imo !~ MM

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Samson:  Al-Rafidain announces that it will continue to grant advances to employees and security forces personnel

11th May, 2021

Al-Rafidain Bank announced, on Tuesday, that it will continue granting advances to employees and security forces' employees.

And the media office of the bank said in a brief statement, of which Mawazine News received a copy, that "advances are granted through the bank's branches scattered in Baghdad and the provinces while taking preventive measures from Corona."     LINK

MilitiaMan:  Paying advances is telling.. They must have change coming to cover the salaries. I'll bet because they will be retro activated to the 01/01/2021.. imo ~ MM

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Samson:  Trade invites importers to check with the tax authority for tax stamps

11th May, 2021

The General Company for Exhibitions and Commercial Services of the Ministry of Commerce called, on Tuesday, for importers to review the General Tax Authority / Financial Section to obtain tax stamps.

The General Director of the General Company for Exhibitions and Commercial Services, Sarmad Taha Saeed, said, "This invitation came based on the book of the General Tax Authority and Paragraph III A of Article 18 of the Federal Budget Law."

He added, "The aforementioned article stipulates the necessity to collect a tax stamp, and not to allow the passage of trucks carrying materials not stamped with a tax stamp."   LINK

MilitiaMan:    Interesting timing or is it normal? The fact remains is they have stipulated that having a tax stamp or don't pass go.. Change is in the wind. We have been told today they have had successes in the taxes, cutoms, fees, etc., at the borders.. A very big income stream no doubt. imo ~ MM

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