KTFA:

Samson:  A delegation from the Kurdistan Regional Government to Baghdad tomorrow, (today) Monday

5th June, 2022

The Kurdistan Regional Government announced Sunday, that it has decided to send a negotiating delegation to Baghdad to maintain dialogues with the federal government in order to guarantee the constitutional rights of the region.

A statement by the Government's Information and Information Department, received by Shafak News Agency, stated that with the aim of perpetuating the dialogues between the Kurdistan Regional Government and the federal government and in order to guarantee the constitutional rights of the people of the region

A delegation from the regional government will go to Baghdad, including both the Minister of the Region for Negotiations With the federal government, Khaled Shwani, Head of the Cabinet Office of the Regional Council of Ministers, Omid Sabah, Head of the Coordination and Follow-up Department, Abdul Hakim Khusraw, and Head of the Office of Financial Supervision in the Region, Khal Hadi Jawishli.

This comes a short time after the regional government confirmed that the federal government had reduced its financial obligations to the region on a monthly basis.

Baghdad used to pay 453 billion Iraqi dinars per month (about $380 million) as salaries to the employees of the Kurdistan Region, but it stopped them after the region conducted the independence referendum on its part, and because of what Baghdad said that the region was not committed to handing over its oil according to the terms of the federal budget.

After several rounds of political negotiations, the region was obligated, according to an agreement with the government in Baghdad, to hand over 250 thousand crude barrels per day of crude oil produced from its fields to the state-owned company SOMO, and hand over the revenues to the federal public treasury. 

But the oil and financial dispute returned to the scene of the outstanding issues between Baghdad and Erbil, after the Federal Supreme Court declared on February 15 that the oil and gas law of the Kurdistan Regional Government was unconstitutional and abolished, and obligating the regional government to hand over all oil production from oil fields in the region and other regions that the Ministry of the natural resources in the Kurdistan government by extracting oil from them and handing them over to the federal government represented by the Federal Ministry of Oil.

The Kurdistan Region described the decision as "unconstitutional" and was based on a law dating back to the time of the previous regime, and the regional government stressed that "such an unconstitutional decision cannot be accepted."

And the Kurdistan Region began to sell its oil in isolation from the federal government, after a stifling financial crisis as a result of the collapse of oil prices during the ISIS invasion of areas in Iraq, in addition to the disputes with Baghdad that prompted the latter to stop paying the salaries of the region’s employees.

Baghdad says its national oil company, SOMO, is the only one authorized to sell Iraqi crude oil, but each side claims the constitution is on its side. Since the Iraqi oil and gas law remained imprisoned in the drafting stage due to differences, there was room for maneuver.  LINK

~~~~~~~~~~~~~~

TIVON:    People of Dinarland as I stand before you today on the cusp of historical events to take shape and shift the paradigm of power back into the hands of the people who are the true owners of their rightful inherited power and freedom bestowed upon them by God' and that no man shall infringe upon it at the behest of his own greed.

The people of Iraq will no longer be the footstool of oligarchs or any monarch intent on usurping the will of the people by looting their land of its wealth and selling them down the river to aristocratic hegemony.

Today will mark a turning point in history for this once great country. What a time to be alive. Are you ready KTFA? Do you think you have garnered enough knowledge and wisdom to carry forth your mission to build a new way of life for yourself and community? You have been pushing this boulder up hill for years. Once they switch the oil contracts from Kurdistan to Baghdad you can wrap this thing up with a nice bow.

Now that you stand only feet away from planting your flag how does it feel knowing you beat out all the naysayers and doubters who gave up tucked their tails and sold their currency because to them it could never be worth anything?  

Read this article as many times as you like and soak in how important this is for your investment. Please, just understand why today you were blessed to do so. IMO

~~~~~~~~~~~~

Zeeman:  the fsl as usual  has been postponed till wed the last possible day. being iraq it would not supprise me it they postpone it till the next session/ imo  

TIVON: Not necessarily as they told us last week that the 8th was the deadline. So I wouldn't say anything was postponed. I do not know why they would refer to it in that manner as we knew this was the targeted date. There's nothing to scoff at in that regard. Because their Wednesday is basically our Tuesday night anyway. We will wake up with what we need to know.

Godlover:  It will be interesting to see how this plays out. As you state, Wed is their last chance to vote on the FSL, with their recess beginning on the following Thursday. Will they extend their session? This seems pointless to me. Why extend their working session when they are not even doing their job in the first place. Will parliament be dissolved? I feel it is unlikely, as we have heard this empty threat for years with current & previous members.  To postpone until they return after recess, would be another crime to their citizens. Seems to be in our & their best interest, to pass it by this Wed.

Samson:  Directing a new mechanism to reduce cases of fraud and manipulation in customs centers

06/05/2022 23:50:42

The General Authority of Customs, one of the formations of the Ministry of Finance, announced today, Sunday, the initiation of a new mechanism to reduce cases of fraud and manipulation in the currency auction.

The Director-General of the authority, Shaker Al-Zubaidi, stated, according to a statement of finance, that "after coordination and follow-up between the concerned departments, the Ministry of Transport will provide the General Customs Authority with the validity of the issuance of the entry of goods through land, air and sea ports, and in turn the authority informs the Central Bank of Iraq."

Al-Zubaidi added that "the Federal Integrity Commission praised the proposal of the Customs Commission in an attempt to control fraud in the currency auction," noting that "the Prime Minister's Office issued circulars based on the letters of the General Commission of Customs and the Integrity Commission to the Minister of Transport to work accordingly."

The statement pointed out that "this step comes within the framework of the Ministry of Finance's ongoing efforts to stop the waste of public money and harm the national economy, and cut off the path of spoilers and manipulators in all customs centers and outlets."  LINK

~~~~~~~~~~~

MilitiaMan:   Right on time. They control the currency auctions and get transparent borders so that the corruption ceases in the peoples favor. The corrupt cash cow is going bye bye.. imo Another powerful and necessary item to have before us. Secure the auctions and secure the borders while managing and monitoring the flow of goods and revenues. I imagine the EFL getting sorted will have the WTO happy as can be.. imo ~ MM

~~~~~~~~~~~~~

TIVON:  I was anticipating what you would impact onto this article. We are looking so good. It feels like I woke up with a rush of headlines just further confirming what we all have been reading over the past week. There's almost nothing to add at this juncture.

They head of the Iraqi Border Ports already seized 3,000 violations since implementing the automated mechanisms. The electronic audits have basically eliminated corruption. He stated sometimes those who are involved in smuggling have relations with influential parties and people in order to protect them, and when they are arrested, they are dealt with according to the law, regardless of their affiliations.

Basically political figures who are or have been delaying a budget since 2014 are involved in many cases from customs, auctions, and the borders. Especially Post 50. Returning to the Constitution by signing over oil contracts to Baghdad where the Iraqi citizens by law are entitled to oil revenue is another banger. Short  and to the point.

The Federal Court already canceled the Oil & Gas Law in Kurdistan. And Post 57 is basically warning Kurdistan that if they don't hand over the oil they will face judicial problems they do not want to deal with. I am loving where we are right now.

The head of the Parliamentary Finance Committee, Hassan Al-Kaabi gave us a heads up about the end of the legislative term not ending without a final vote on the FSL. The corrupt parties are in the cross hairs. Avenues to looted funds are being cut off.

Article 95: General Tax Authority issued a clarification regarding the Integrity Commission report that there is damage to public money estimated at 4 trillion dinars as a result of the corruption of the window for selling hard currency, while it indicated the preparation of an electronic program that eliminates the corruption cycle.

 The Director General of the Commission, Osama Hosam Jawdat, told the Iraqi News Agency (INA), that "the hard currency auction follows the monetary policy of the Central Bank to control the exchange rate," noting that "when someone makes a transfer abroad, he must match this transfer with imports because he took the transfer at a price." The official exchange, not the one in the market.

~~~~~~~~~~

Samson:  The Patriotic Union: The Barzani government must be prudent and hand over oil to Baghdad

6th June, 2022

Today, Monday, a member of the Patriotic Union of Kurdistan, Faiq Yazidi, confirmed that it is not possible to challenge the decisions of the Iraqi judiciary and bypass the Federal Court.

In an interview with (Baghdad Today), Yazidi said, "The safest for Kurdistan is to hand over oil to the federal government and to deal directly with Baghdad economically."

He added that "due to the wrong policy of the Democratic Party in managing the oil file, the price of a liter of fuel has reached 1250 dinars, and this is a dangerous precedent."

He stressed that "challenging the decisions of the judiciary will lead us to indispensable problems, and the one who bears the tax is the Kurdish citizen."  LINK

~~~~~~~~~~

TIVON:  Purchasing Power for Iraqi citizens is on the brink of an historic opportunity. Kurdistan has no other options at this point. Dragging your feet and whining on the way to court is not helping anyone. It's inevitable at this stage of your stubbornness.

The countdown can either end in explosions for you. Or it can end with celebrations on behalf of the citizens. We await your decision. Either way you won't be in the way much longer than the window given to you to make your allotted timely move to sign over all contracts expeditiously.

The nervous sweat running down your nose onto the paperwork will cause the ink to smudge over your signatures so please wipe your face before you proceed to void over your ownership by default of unintelligible writing no one will be able to demystify.

Do you see now my fellow Dinarians? Do you understand how you will become a asset to everyone around you who denied this investment and deemed it fruitless? Now look where we stand today. You will be miles apart from those who will stare from the other side of the economic ladder.

Be wise with your wealth. Be generous with your offerings. Be confident in all you do. My time here is coming to a close. And so is those who have assisted you all the years who brought you invaluable information.

 I appreciate everyone at KTFA. Thanks for creating this forum and cultivating us as students to stay the course throughout this arduous challenging process. What a ride it has been.    IMO