Frank26 Video Sunday Night 9-1-19 Coins, Metals and fils
.KTFA:
Frank26: COINS METALS AND FILS
Streamed live 20 minutes ago
A few highlights:……….
F26: IMO Iraq is a point where all that is required to make the announcement of their monetary reform change, to make the announcement they are Chapter 8 and have lifted the 3 zeros from that exchange rate…….and all of that is ready to go. Its just the activation that needs to be announced.
F26: We have the perfect “reinstatement” storm right now.
F26: the monetary reform is primed….and its ready….. and the Economic reforms need the monetary reforms now.
F26: What is it they are showing the Iraqi citizens of Iraq everywhere? Coins…and metals ..and fils…
KTFA:
Frank26: COINS METALS AND FILS
Streamed live 20 minutes ago
A few highlights:……….
F26: IMO Iraq is a point where all that is required to make the announcement of their monetary reform change, to make the announcement they are Chapter 8 and have lifted the 3 zeros from that exchange rate…….and all of that is ready to go. Its just the activation that needs to be announced.
F26: We have the perfect “reinstatement” storm right now.
F26: the monetary reform is primed….and its ready….. and the Economic reforms need the monetary reforms now.
F26: What is it they are showing the Iraqi citizens of Iraq everywhere? Coins…and metals ..and fils…
Report: There is big news on TV today showing the rollout of phase one for ATMs…..can now do demos of stock exchange on mobile phones…..they are talking about this all over. Everywhere…..In days when coins come this will give stability to our currency….within days. They are showing names of companies they have approved to give international ratings…
F26: It’s getting hot in here.
F26: The world bank says they are impressed with the actions made by Iraq so far and in the very near future!!
F26: They had the ATMs, they have the coins and now have the stock exchange…….the coins tell you they are about to reinstate the rate……in the coming days.
MF: If they are talking about the stock exchange we are getting hotter and hotter!
F26: The reason these countries can do business with Iraq- is they are under Chap. 8…..Iraq just needs to announce this
Zymus: ARE THEY ADEVERTIZING THE COINS TO THE PEOPLE ON TV??? ON MOBILE TRUCKS???
Grannieannie: Yes they are Zymis
GS: Here comes the boom, apparently, I remember reading some one saying awhile back, this cant go on forever.. Frank is helping us understand that must be true
F26: People of Iraq- Congradulations.
RP&P: Whom much is given, much is expected. Pay it forward someway.
F26: I know it’s Labor Day tomorrow…but, I have a feeling the water broke…….
Samson: The Central Bank approves international rating agencies to classify banks operating in Iraq
1st September 2019
The Board of Directors of the Central Bank of Iraq (CBI) has decided to adopt the rating agencies that have the criteria of (External Credit Assessment Institution) (ECAI) emanating from the decisions of Basel, to classify the financial institutions in Iraq, namely :
Standard & Poor
Moody's
Fitch Ratings
Capital Intelligence
He stressed that the bank will consider the requests made by other rating agencies, and that it will require the availability of credit rating from one of the four agencies above for banks operating in Iraq, which wish to conduct the following banking operations :
Install credits to export Iraqi crude oil through the Oil Marketing Company (SOMO).
Open government letters of credit up to $ 50 million .
Issuance and acceptance of letters of guarantee for the benefit of government departments .
The Bank's Board of Directors also noted that this decision is effective in 2020 when banks complete their readiness and receive a credit rating that qualifies them to practice the above mentioned banking operations at any time.
Central Bank of Iraq information Office September 1, 2019
Delta, Frank, X22 and more....Friday Night 8-30-19
.KTFA:
DELTA: I DID ASK TBI BANK IF I CAN USE MASTER CARD ABROAD...ANSWER FROM TBI ...
"you can use it in withdrawals from ATMs and direct purchase from the points of sale as well as in the Internet such as subscriptions and airline reservations, hotels, shopping sites and promotion in social networking pages in any country of the world except Brazil, Indonesia, Syria and Iran."
Popeye7: Well if it looks like an RI, and it smells like an RI... Than it must be.... IMO... Thanks so much Delta... Things are looking up up up... God bless, and snip, snip...
MilitiaMan: Wow, Trade Bank is telling us they are international on a Friday when banks are closed.. Fascinating as all get out!
Kinda puts the crazy notions of October and next year as baseless none starter data.. At least this should allow those that haven’t had the ability to study thoroughly enough to feel more confident that all the facts in place now are evidence the end results for the completion of Monetary Reforms is coming to a close!
KTFA:
DELTA: I DID ASK TBI BANK IF I CAN USE MASTER CARD ABROAD...ANSWER FROM TBI ...
"you can use it in withdrawals from ATMs and direct purchase from the points of sale as well as in the Internet such as subscriptions and airline reservations, hotels, shopping sites and promotion in social networking pages in any country of the world except Brazil, Indonesia, Syria and Iran."
Popeye7: Well if it looks like an RI, and it smells like an RI... Than it must be.... IMO... Thanks so much Delta... Things are looking up up up... God bless, and snip, snip...
MilitiaMan: Wow, Trade Bank is telling us they are international on a Friday when banks are closed.. Fascinating as all get out!
Kinda puts the crazy notions of October and next year as baseless none starter data.. At least this should allow those that haven’t had the ability to study thoroughly enough to feel more confident that all the facts in place now are evidence the end results for the completion of Monetary Reforms is coming to a close!
Frank has FFs with what appears to be evidence of the billboards too, to be accurate and coming to us!! They show similar support with photos of the small categories and or even fold it will suggest a sooner than later time frame.. mo - Thanks brother!! A big thanks!! – MM
Pattycakes77: This cannot be at the rate which it is now. Worthless currency ? Something is right around the corner. This weekend is speaking to my soul.
MilitiaMan: Yes, international cards being used from here on out from the looks of it. God just put smile on my face!!! -MM
Osmosis: If its all digital, why not? Look at everything they have done for years with a "worthless" currency. Not arguing with you, just curious about why it is said that they cant do this or that with their present rate. IMO of course.
DELTA: WHEN COUNTRIES ARE UNDER ARTICLE 14 OF IMF IS VERY RISKY TO DEAL WITH THEIR CURRNCEY..NO COUNTRY UNDER ARTICLE 14 CAN GO DIGITAL...CURENCY HAS TO BE IN FOREX TO BE CONVERTED...…. WITHOUT IRAQ LIFTING ZEROS AND SHOWING THE TRUE RATE THEY WILL NEVER BE INTERNATIONAL
BLAST FROM THE PAST 2012
Finance: Delete the zeros of the local currency enhances the value of Iraqi dinar in the International Monetary Fund Palm – The Ministry of Finance that the deletion of zeros from the local currency will liberate the Iraqi economy from the constraints and enhance the value of Iraqi dinar in the International Monetary Fund.
The chancellor said the Ministry of Finance Zia Alckheon that the survival of the existing currency to its current state would not address the question of the economic gap experienced by the Iraqi dinar as it will increase the burden on the local economy.
The International Monetary Fund expressed support for the Iraqi economy in the event of his a number of economic measures, including the privatization of banks and lifting the three zeroes from the currency and honoring debts.
DELTA: LIKE I SAID BEFORE IT'S NOT AN OPTION FOR IRAQ.
Popeye7: Well said Delta... Resistance is futile...
The [CB] Economic Illusion Is Going To Be Exposed To The World - Episode 1957a
X22 Report: Published on Aug 30, 2019
Placeholders Ready, Declas, Indictments, Will Force WW Coverage - Episode 1957b
X22 Report: Published on Aug 30, 2019
Frank26, TNT, X22 and more...Thursday Night 8-29-19
.KTFA:
Act4fredom: Just a thot – just a thot To begin - I'm not trying to set a date - we don't know the date or rate. Just to be clear.
BUT - here's some fodder for thought, discussion, and giggles.
We have all watched with amazement, inquisitiveness, and confoundedness at so many of the actions of Iraq over the years. They have seemed to drag their feet when they needed to hurry, and they have done so many illogical things that I've lost count.
If you've watched and studied this MR you have remarked on this fact, joked about it, and even screamed "What are they doing?" many times. I know that I have just thrown up my hands with total exasperation and unbelief at some of the things we have seen and heard.
Our common resort has become "but remember, THIS IS IRAQ"
Many times Frank has stated that they do things differently than we do. They think differently than we do. Their culture and mindset is different than ours. Frank is right on that, they are different. It is with this difference in mind that I want to toss out an idea for us to consider. Maybe others have made this comment – or connected these dots before. I don’t mean to be repetitive, but it’s what I was thinking about last night and today.
We all are aware that that there were 2 things Dr. Shabs preferred for the MR. 1. A 3 day weekend for everything to move and close out smoothly and 2. A year end/beginning or mid year.
IMO – Dr. Shabs was referring to year end/beginning fiscally – we have to remember that Dr. Shabs is no longer at the helm of Iraqs MR. Someone else in Iraq is – and in my opinion they have the Iraqi mindset – possibly more of what I’ll refer to here as – THE ISLAMIC MINDSET.
KTFA:
Act4fredom: Just a thot – just a thot To begin - I'm not trying to set a date - we don't know the date or rate. Just to be clear.
BUT - here's some fodder for thought, discussion, and giggles.
We have all watched with amazement, inquisitiveness, and confoundedness at so many of the actions of Iraq over the years. They have seemed to drag their feet when they needed to hurry, and they have done so many illogical things that I've lost count.
If you've watched and studied this MR you have remarked on this fact, joked about it, and even screamed "What are they doing?" many times. I know that I have just thrown up my hands with total exasperation and unbelief at some of the things we have seen and heard.
Our common resort has become "but remember, THIS IS IRAQ"
Many times Frank has stated that they do things differently than we do. They think differently than we do. Their culture and mindset is different than ours. Frank is right on that, they are different. It is with this difference in mind that I want to toss out an idea for us to consider. Maybe others have made this comment – or connected these dots before. I don’t mean to be repetitive, but it’s what I was thinking about last night and today.
We all are aware that that there were 2 things Dr. Shabs preferred for the MR. 1. A 3 day weekend for everything to move and close out smoothly and 2. A year end/beginning or mid year.
IMO – Dr. Shabs was referring to year end/beginning fiscally – we have to remember that Dr. Shabs is no longer at the helm of Iraqs MR. Someone else in Iraq is – and in my opinion they have the Iraqi mindset – possibly more of what I’ll refer to here as – THE ISLAMIC MINDSET.
With that in mind – THE ISLAMIC MINDSET – what if the end/beginning of the year is also the ISLAMIC NEW YEAR?? Could that mindset play into this MR? Following are some interesting facts about this possibility.
1 The ISLAMIC NEW YEAR for 2019 August 30-31. What if the GOI knew that the 2nd session began literally 24-48 hours AFTER THE ISLAMIC NEW YEAR when they promised to finalize the MR in the 1st session? Just a thot. Just a thot.
2 This weekend – in the US anyway – is a 3 day weekend due to Labor Day on Monday. Just a thot – Just a thot! What are your thots?
Dreammaker: Dont know if I have just a thot....but I like the way u think!!!
***********************
Frank26: KTFALWAYS GLOBAL
Streamed live 2 hours ago
Many parts of the monetary reform are opening up to us.
My teams and I are satisfied that they lifted the 3 zeros in January and are using 2 sets of books.
What happened today in Iraq: The United States Treasury which is part of what I call the “Fab 4” These 4 have been very instrumental in helping the CBI fulfill Dr. Shabibi’s plan to add value back to the Iraqi Dinar. Those 4 are the IMF, the World Bank (WB), The UST, and the President of the US.
My teams and I pay close Attention to whatever the Fab 4 do and Say. Today the UST said that they deny their intentions to intervene in the currency markets. This message was sent to countries who manuoulate currencies. He wants to level the playing field.
Is Iraq keeping the value of their currency purposely low?
No…..They are currently in the process of lifting the value….they have the coins and the lower denoms….they are right on track and ready. I cannot think of anything that could delay it.
The monetary reform is a lava flow.
TNT:
Tishwash: Introducing a new currency was Zimbabwe’s only viable option
If the opposition were in power it would have done the same, writes the country’s finance minister
Zimbabwe, the country I serve as finance minister, has been in the news for restricting the use of the US dollar and other international currencies as legal tender. Why would we want to return to our own currency, given such recent, home-made, experience of monetary turmoil?
The answer can be found in our recent history. Following hyperinflation at the close of 2009, and to stem the instability produced by bad governance and fiscal ill-discipline, a mixture of other nations’ bills — the US dollar, British pound, South African rand, the euro, the Chinese renminbi and the Botswanan pula — became Zimbabwe’s medium of exchange in place of the Zimbabwean dollar. But while this curtailed household prices — its primary purpose — today it is outdated.
It is overlooked that this was a tourniquet, not a cure.
Dollarisation has acted as a break on Zimbabwe’s economic development as we are a country reliant on exports. The strong dollar stifled our competitiveness. Without our own currency, we have had no control of monetary policy. We have had no mechanism to stimulate economic activity — not exports, nor foreign direct investment — or to deal with downturns in international markets.
That is why the government must introduce its own new, and permanent, fiat currency. To be clear, at this time, in this year, any and every responsible Zimbabwean government would be doing the same as we are today. This is not a “political” decision, therefore, but simple economic and geopolitical necessity. Zimbabwe’s recovery will still depend on export-led growth.
Had the opposition been in office, they too would now be introducing a new currency — just the same — despite their present protestations to the contrary. As the former chief economist at the African Development Bank, I have witnessed the results of currency volatility across many contexts. I have seen what works — and the reverse. And that is why, in June of this year, the government made the RTGS — a quasi-currency that will act as a bridge to the introduction of a sovereign currency later this year — the sole legal tender in Zimbabwe.
To an outsider, it may seem puzzling that the government chose to implement this now. Plenty of foreign exchange is required to stabilise the introduction of a new currency and leaven its inevitable inflation.
Zimbabwe’s reserves could not be described as abundant.
Yet, with the US dollar strengthening over the years against the currencies of Zimbabwe’s major trading partners, exports were continually losing competitiveness. A fresh tranche of foreign exchange in the required volume and timeframe was improbable. Sooner or later, the current administration knew it would have to introduce a new, national currency.
Prevarication would only place Zimbabwe in a weaker position. It was a choice between short-term turbulence now or far greater anguish later. The compromised position Zimbabwe found itself in would always mean there would be some damage — though it will presage a revival. With a weaker currency, exports will gain in competitiveness, bringing much-needed foreign exchange to counteract the inflationary pressures the nation is currently experiencing.
There is also an imperative to develop a market for Treasury bills and long-dated bonds and create a yield curve. A monetary policy committee will be appointed soon to buttress monetary policy conduct. The Zimbabwe dollar, comprising RTGS and bond notes, is now the designated sole legal tender in Zimbabwe — pending the rollout of a fiat currency later in the year. Initially, the government introduced it alongside the other currencies, with the intention of it becoming the main currency of exchange in place of the dollar, which would primarily be used as a reserve of value.
The theory was not borne out in reality. Every day, the RTGS was shedding 1 per cent of its value against the dollar, hampering its transition to the primary currency of domestic exchange. Change had to be driven more forcefully: it was clear the RTGS had to be designated the sole legal tender.
Admittedly, the government did not manage this without fault. The implementation was too indiscriminate, with international and export facing companies under its purview, causing disruption to the flow of business.
The government has recognised this was wrong and rectified it. International facing companies can again trade in foreign exchange. Only to carry out transactions in the domestic market they must first convert into RTGS dollars. For the moment, it is causing some economic turbulence — something no serious government would wish to be the result of their policy. But this was always to be expected. There is no way to fully avoid it. And a commitment to better their citizen’s future requires the same government to make sometimes difficult choices.
Zimbabwe was once the exporting breadbasket of Africa. Now, its balance of payments is negative. But with control of our currency, we can reclaim the best parts of our past — and resume our place in the world economy as an export-led nation in the near future. Mthuli Ncube is Zimbabwe’s minister for finance and economic development and a visiting professor at the Saïd Business School at the University of Oxford. He was formerly chief economist and vice-president of the African Development Bank. link
MSM/[CB] Plan Just Failed, Watch What Happens Next - Episode 1956a
X22 Report: Published on Aug 29, 2019
Fell Right Into The Trap, Next Wave Coming, Pain - Episode 1956b
X22 Report: Published on Aug 29, 2019
KTFA Members and Frank26 "News and Views" Thursday Morning 8-29-19
.KTFA:
RE: Franks Video “Tighten Up” posted below
Iobey777: I'm so very excited about the news today!! THANK YOU, FRANK and WALKINGSTICK for all the help!! IMO...we Must be getting close for the Canadian banks to be telling their customers which banks will exchange "foreign currency" and how much the spread will be!! OH YEAH!!
With all we have heard the last couple of days...let's see..the citizens are celebrating from "something", the CBI is showing them coins and talking about lifting the 3 zeros..and that's the BIG talk on the streets...
The citizens got a "special" ONE time text message from the bank yesterday! The education is flowing continually oh..and did I mention the citizens are CELEBRATING? C'mon!!!!
This is the last weekend of the month of August..Sept 1 is Sunday...Parl goes back.."supposedly" on the 3rd and Frank mentioned today that historically changes are made in Sept!
(IMO) Listen to the YT video! Oh yeah..and the Banks in Canada are talking about spreads and telling their customers which banks will exchange foreign currency!!
I'm thinking this weekend is the "perfect" time for them to spill the beans about the new rate!! It's TIME!!! PRAISE GOD!
KTFA:
RE: Franks Video “Tighten Up” posted below
Iobey777: I'm so very excited about the news today!! THANK YOU, FRANK and WALKINGSTICK for all the help!! IMO...we Must be getting close for the Canadian banks to be telling their customers which banks will exchange "foreign currency" and how much the spread will be!! OH YEAH!!
With all we have heard the last couple of days...let's see..the citizens are celebrating from "something", the CBI is showing them coins and talking about lifting the 3 zeros..and that's the BIG talk on the streets...
The citizens got a "special" ONE time text message from the bank yesterday! The education is flowing continually oh..and did I mention the citizens are CELEBRATING? C'mon!!!!
This is the last weekend of the month of August..Sept 1 is Sunday...Parl goes back.."supposedly" on the 3rd and Frank mentioned today that historically changes are made in Sept!
(IMO) Listen to the YT video! Oh yeah..and the Banks in Canada are talking about spreads and telling their customers which banks will exchange foreign currency!!
I'm thinking this weekend is the "perfect" time for them to spill the beans about the new rate!! It's TIME!!! PRAISE GOD!
****************
Frank26: TIGHTEN UP
P71rock: Tried to find a similar site to what frank showed on youtube and here is what i found. IMO.
https://www.knightsbridgefx.com/thankyouquote/
https://www.uexchange.ca/compare-rates.php
This site looks like the one Frank showed. (at about 19 min in video)
Samson: Parliamentary orientation to reduce significantly the national and religious holidays .. These are the most prominent
2019/8/29 8:37
The Committee for Endowments and Religious Affairs in the House of Representatives revealed a tendency to reduce public holidays within the relevant law.
The chairman of the committee, Hussein al-Yassari, said in a press statement that "this law was within the responsibility of the reconciliation and clans committee when the waqf was under its responsibility, noting that the committee, after becoming independent, was reinstated within the same relationship."
The leftist allusion to the existence of "a tendency to reduce the number of official holidays that exceeded expectations" considering that "contrary to what exists in the countries of the world." He added that among the fixed events is the third day of October, which is a national holiday, and on 14 of July holiday to announce the republican regime in Iraq, in addition to religious holidays and is the first and the tenth of the month of Muharram and the birth of the Prophet and the days of Eid al - Fitr and Eid al - Adha."
The chairman of the Committee of Religious Endowments Parliament, on the existence of a proposal that the 25th of December to be a holiday on the occasion of the anniversary of the birth of Christ (p)".
The leftist also pointed out that "there is a proposal that a limited number of these holidays to be assigned to the governor and provincial councils after the approval of the Council of Ministers, and that the name of the law (law of public holidays and memorabilia) such as celebration of the teacher or the popular uprising, which will not be an official holiday." The dispute over whether Eid al-Ghadeer is a public holiday caused the law to be passed from the last session to the current one. LINK
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Samson: Parliamentary economy: one of Eid al-Fitr holidays, the state suffered losses worth 80 billion dinars
29th August, 2019
The Committee on Economy and Investment, on Thursday, that one of the holidays in the Eid al-Fitr, the Iraqi state suffered losses worth 80 billion dinars
The committee said in a statement received, the economy news, "We called on the parliament to amend the law of public holidays in the House of Representatives to determine the working hours in state departments and reduce some public holidays because they incur significant losses of the country," noting that "one of the holidays Eid al-Fitr has been incurred The state estimated losses of more than 80 billion dinars
The committee added in a previous report that "the Ministry of Planning has developed a study, that the number of employees in Iraq (4) million employees, including (2) million and (200) thousand civil servants and the rest within the security services," noting that "the income of the Iraqi individual per hour The average monthly income of an employee is 500 thousand dinars for (22) working days and (6) actual working hours
She added that "if the number of holidays and counted on the level of per capita income per day will be found that Iraq is incurring significant losses in public holidays by (8-10) billion dinars per day," noting that "one of the holidays in the country that lasted for (10) Days led to the loss of the country by more than (80) billion dinars through the salary of the employee without the presence of actual work LINK
Samson: Allocate a quarter of a trillion dinars to develop the ancient city of Babylon
29th August, 2019
Directorate of Antiquities of Babylon, on Thursday, the allocation of 250 billion within the five-year plan for the development and rehabilitation of the ancient city after its inclusion on the list of World Heritage.
The director general of the Directorate, Hussein al-Amari, in a statement reported by the newspaper "morning" and saw it (information), that "the stage after the vote on the inclusion of the ancient city of Babylon will be a stage of proving itself and is more difficult than writing the file."
Al-Ammari added that "international observers from the International Council of Sites and Monuments (ICOMOS) and the United Nations Educational, Scientific and Cultural Organization (UNESCO) make annual visits to assess the development of the site provided that it does not affect its archaeological status." He explained, “The Directorate, in cooperation with the provincial council, is in the process of rehabilitating infrastructure, restaurants, kiosks, the presidential palace and clading the Shatt al-Hilla area, in addition to installing surveillance cameras.” Which is included in the same list, as well as the support provided by the World Monument Organization for the rehabilitation of some archaeological facilities and buildings.” LINK
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Samson: Contractor Ruling Against Iraq could top $140m
29th August, 2019
A US military contractor has won a judgment estimated at $140 million against Iraq to reimburse it for unpaid invoices relating to work done for the Iraqi Ministry of Defense.
Dale Stoffel, the President of Wye Oak Technology, was killed in mysterious circumstances fifteen years ago while attempting to recover the debt.
In its ruling, the District Court of the US District of Columbia said:
“Fifteen years ago, Wye Oak Technology, an American company, entered into the Broker Services Agreement (BSA) with the Iraqi Ministry of Defense (MoD) to play a key role in re-equipping the Iraqi military. Iraq urgently needed to rebuild its armed forces as the Coalition Provisional Authority (CPA) transferred sovereignty back to the Iraqi people and the interim Iraqi government prepared to hold its first parliamentary elections since the fall of Saddam Hussein.
“The BSA was set to be the central component of the Iraqi Military Equipment Recovery Project (IMERP). Under the BSA, Wye Oak was responsible for developing an inventory and assessing what military equipment was salvageable and what was scrap, providing military refurbishment services, arranging for scrap sales, and arranging for the sale of military equipment. Wye Oak began performing as soon as the BSA was effectuated.
“By October 2004, Wye Oak submitted three pro forma invoices to MoD for work in relation to the IMERP. But MoD never paid these invoices to Wye Oak. Instead, MoD paid a third-party, Raymond Zayna, the money owed to Wye Oak under the BSA. Nonetheless, Wye Oak continued to perform under the contract while desperately trying to extract the funds it was owed. And briefly, Wye Oak thought it succeeded. After months of performing vital activities as part of the IMERP despite not being paid, all issues seemed to be solved after a December 5, 2004 meeting. However, this was not the case.
“A few days later, Wye Oak’s president Dale Stoffel and his colleague Joe Wemple were brutally murdered on their way to arrange for funding to finally be released. Nonetheless, Wye Oak still did not immediately abandon the IMERP even after Dale Stoffel’s tragic death. Instead, Wye Oak exceeded the goal of producing a mechanized brigade of operational armored vehicles for Iraq’s January 2005 parliamentary election. Yet Wye Oak was never paid for the vital work it performed under the BSA.
“Now, more than fifteen years after Wye Oak entered into the BSA, and more than a decade after Wye Oak first filed suit, the Court finds MoD breached the BSA. And because MoD is an integral component of the national government itself, the Republic of Iraq is also liable for the breach. Ultimately, the Court will award Wye Oak damages for its three invoices, lost profits from construction, lost profits from refurbishing military equipment, and lost profits from scrap sales.
“Also, the Court will award Wye Oak prejudgment interest and costs, including reasonable attorney’s fees and expenses. “
According to Associated Press, a lawyer acting for Wye Oak estimates that the true judgment will total roughly $140 million.
Frank26, Bix Wier, X22 and more......Wednesday Night 8-28-19
KTFA:
2 Cents: IMO,Delete the Zeros is the RD...It is not directly describing a change in the exchange rate and articles have stated the same....The RD (Delete the Zeros) is the process of changing the currency structure of the country. They want to get rid of the large numbers for calculation purposes.
When they implement the Delete the Zeros project, they will effectively be moving the decimal to the left 3 places......25000. to 25.000 or just 25 and give the new bill (25) effectively the same value as the old bill (25000). This will entail an official rate change in order to give the new bill the proposed value. This change of official rate is the RV.
So, as you can see, there will be an associated official rate change to accomplish this change in currency structure but by strict definition it is not the Delete the Zeros project nor or they stating remove three zeros from the exchange rate. After all, we know from WS that they have studied many different potential rates to "breath life" into the new currency denominations.
The only question that remains is what will the value of the old bill(25000) be as they had to change their official rate (RV) to make the new bill(25) have at least as much value as the old bill (25000) had prior to the change. The 25 (new bill) will have to have at least as much value as the previously issued 25000(old bill) if the citizens are to accept the change and to prevent unwanted inflation.
It is easy to superficially see this as a potential "L" (Lop) when looking at the above scenario however, due to the CBI following the playbook they have said they would, it appears very unlikely. For example, let's look at a different denomination. The current "old bill" 250 has a value of about .21 USD.
When the Delete the Zeros project is implemented, it will require a 250 Fil to be released to have the same value as the current 250 IQD. The 250 Fil will have at least the same value as the current old 250. We know the current "old" 250 will coexist with new 250's if and when any are released in the future. How will there not be confusion if the old and new 250's have two different values.
KTFA:
2 Cents: IMO,Delete the Zeros is the RD...It is not directly describing a change in the exchange rate and articles have stated the same....The RD (Delete the Zeros) is the process of changing the currency structure of the country. They want to get rid of the large numbers for calculation purposes.
When they implement the Delete the Zeros project, they will effectively be moving the decimal to the left 3 places......25000. to 25.000 or just 25 and give the new bill (25) effectively the same value as the old bill (25000). This will entail an official rate change in order to give the new bill the proposed value. This change of official rate is the RV.
So, as you can see, there will be an associated official rate change to accomplish this change in currency structure but by strict definition it is not the Delete the Zeros project nor or they stating remove three zeros from the exchange rate. After all, we know from WS that they have studied many different potential rates to "breath life" into the new currency denominations.
The only question that remains is what will the value of the old bill(25000) be as they had to change their official rate (RV) to make the new bill(25) have at least as much value as the old bill (25000) had prior to the change. The 25 (new bill) will have to have at least as much value as the previously issued 25000(old bill) if the citizens are to accept the change and to prevent unwanted inflation.
It is easy to superficially see this as a potential "L" (Lop) when looking at the above scenario however, due to the CBI following the playbook they have said they would, it appears very unlikely. For example, let's look at a different denomination. The current "old bill" 250 has a value of about .21 USD.
When the Delete the Zeros project is implemented, it will require a 250 Fil to be released to have the same value as the current 250 IQD. The 250 Fil will have at least the same value as the current old 250. We know the current "old" 250 will coexist with new 250's if and when any are released in the future. How will there not be confusion if the old and new 250's have two different values.
The answer is clearly there would be confusion and therefore we can nearly conclusively establish that since the 250, 500 and 1000 are being pumped into the marketplace and will remain, this will very unlikely be a "L". It just is too illogical and will be too confusing. You can't say that one 250 is worth .21 USD and a different very similar 250 is worth 250 USD. Not likely!!!
Giving the IQD the ability to purchase imports and be exchanged outside the country is the RI. This is likely also when the IQD will be traded on Foreign Exchange Markets. FOREX
IMO, All here should be contemplating what they will do if we see the RD/RV relatively soon and no RI. For instance, RD/RV within the next 45 days at .846 USD and an RI at 3.208 USD in the beginning of next year.
I believe this is a likely scenario and have written this many times over the last ten years. This allows the budget to be passed at 125ish billion IQD before the end of the year and then triple the purchasing power of the budget in January by maintaining the 125ish budget number but now effectively giving it the power of 375ish billion budget.
The fly in the ointment in this theory is whether the CBI will exchange the USD from oil sales at the RV rate or at the RI rate. It will probably just depend on timing and by then, I really won't care.
**********************
Frank26: TIGHTEN UP
Streamed live 30 minutes ago
https://www.youtube.com/watch?v=GjS93Dz3duo
Iobey777: HISTORICAL MONTHS OF CHANGE....APRIL AND SEPT?!!!!
Zneopec: POTUS Trump the Chosen One? MATT. 20:16… Ready for Return to the GOLD Standard? GCR Perfect Storm…..Iraq now Minting Coins only makes sense if the IRAQ currency is being REINSTATED.
LM: I heard general public would start exchanging on 9/11. The internet group should be through by 9/10. IMO
Brexit, Deutsche Bank, Volcker Rule...Financial Crisis Coming FAST! (Bix Weir)
RoadtoRoota: Published on Aug 28, 2019
Yes, this transition has been very long in the making. Massive amounts of market manipulation was required to keep our artificial system afloat for over 100 years but it's now time to end it...so hang on tight !
The [CB] Is Making Itself Obsolete, & It Cannot Be Used In The New Economy - Episode 1955a
X22 Report: Published on Aug 28, 2019
The Chosen One, The First Wave Is About To Hit - Episode 1955b
X22 Report: Published on Aug 28, 2019
Frank26 and KTFA Members Tuesday Night "Look Up" 8-27-19
.KTFA:
Frank26: LOOK UP
Streamed live 39 minutes ago
https://youtu.be/hbUqqvMfNwQ?t=4
https://www.youtube.com/watch?v=hbUqqvMfNwQ
BS: Frank you've taken us from the BASEMENT to the STARS Thanks my Friend.....
PC: We are at the point that this should be RV in days
TS: I think "SOON" is very near
KTFA:
Frank26: LOOK UP
Streamed live 39 minutes ago
https://youtu.be/hbUqqvMfNwQ?t=4
BS: Frank you've taken us from the BASEMENT to the STARS Thanks my Friend.....
PC: We are at the point that this should be RV in days
TS: I think "SOON" is very near
Weldonetexas: I don’t see how this can drag into the 4th quarter. There has been way too much info/education to the citizens since last week. They have too pull the trigger sooner than later .
RedPilled andPoised: Franks information coupled with other sources and what’s going on in the MSM is sure converging to a trigger being pulled. Closer than ever!
LM: this is a three day weekend. would be a good time for an RV.
Tivon: Reinstatement is the initiative that leads to revaluation in the latter weeks and months. A reinstatement does not have to occur in October…… It can happen now!
AE: RD/RV/RI is the process
KJM: RD/RI/RV……..RV is last... but at RI.. Iraq is already international and we can start exchanging
PC: I believe Reinstatement is what is happening for all countries
TW: why would they have coins they're not going to revalue there dinar in the coins are there to support the revalue of the dinar
VH: I just hope a 25 k dinar note isn’t worth 25 dollars when this happens I pray everything we have been hearing comes true
RedPilledandPoised: No lop. Deletion of the 3 zeros
AE: for all of you who think it is going to lop,,,,we know that the 3 zero notes will co-exist with the 1,5,10,20,50,100,250,500,,,,ask your self why would they need to co-exist if they were going to lop
KJM: LOPs only happen to countries that suffer from Hyper-Inflation. Iraq has inflation but not hyperinflation.
LM: A lop is a redenomination. This is a Revalue or Reinstatement. Most believe it will be a Reinstatement as they said in one article last week meaning it will be around $3.22 per dinar.
KG: I was in Iraq in 1990, exchange was 3.22
TS: Put the IQD on the Forex and make it International. Pass the remaining bills to help the citizens. Bring out the coins and move the decimal point 3 places to the right
VH: if we have a 25k dinar will we get 25 k usd at the banks
JD: yes, Frank has said that many times
BD: once the rate goes over 1.00 which it may start at 1.20
TS: removing the 3 zeroes is from the EXCHANGE rate NOT the Currecy itself Read this many times LOL
VH: I pray and wish for all of us the absolute best. We all are ready. If we all become multi millionaires remember to do great things with this blessing let’s all help the less fortunate.
SandnSea: Frank- Beautiful Video, seems they are finally showing the citizens what has been promised for a very long time. Refreshing to hear & see.
Don961: Baghdad sends a high-level government delegation to Erbil to complete the talks
2019/08/27 08:39:50 PM
o Baghdad / Range
A delegation headed by Federal Minister of Interior Yassin Taher Al-Yasiri will visit Erbil (today)
To complete the talks between the federal government and the Kurdistan region on the files of oil export and payment of funds and the application of Article 140 of the Constitution.
The visit comes in response to the visit of the President of the Kurdistan Regional Government Masroor Barzani to the capital Baghdad last July.
"The delegation of the Federal Ministry of Interior will come to Kurdistan to negotiate the differences between Baghdad and Erbil.
He added that "talks will take place between the two ministries, and is scheduled to discuss during the meeting the overall differences between Erbil and Baghdad."
On the committees formed to visit Baghdad, the Minister of Interior in the Kurdistan Regional Government said that "our committees are concerned with the security and military file and Article 140 and its application, and there is a committee to negotiate on oil and gas debts and a range of related topics."
The President of the Kurdistan Region, Nechirvan Barzani, and the President of the Kurdistan Regional Government, Masroor Barzani, visited Baghdad last month, in order to find solutions to the outstanding issues between Erbil and Baghdad, followed by a visit by an Iraqi government delegation to Erbil, during which he met with senior officials of the Kurdistan Regional Government.
The parliamentary circles confirmed to the extent during the past few days the intention of a high-level Kurdish delegation to visit the capital Baghdad to complete its negotiating rounds, which began in July, revealing that the delegation will present an initiative to the federal government aimed at zeroing crises.
`` The agreement that was signed before the Eid holiday between the oil and finance ministers of the federal government and the President of the Kurdistan Regional Government Masroor Barzani is the arrival of a Kurdish delegation from Erbil to Baghdad to complete the talks on the outstanding issues, '' said Shirwan Jamal Khidr, a member of the parliament's provincial and provincial committee.
The dispute between Erbil and Baghdad focuses on three main issues: energy (oil and gas), federal budget allocations and the disputed territories covered by Article 140.
"The meetings, whether in Baghdad or Erbil, will have one objective," Khader said in a statement to Al-Mada. "The solutions exist for oil, budget and Article 140."
He adds that "the joint technical committees between the parties will work to develop a new agreement in the federal budget law to ensure solutions to these files before sending them to the House of Representatives," believing that "the results will be positive this time between the two teams."
He stresses that "the current Kurdistan Regional Government is determined to zero all files inherited between Erbil and Baghdad and work to end them radically," noting that "the general orientation of the government open to Baghdad to resolve all outstanding problems."
He adds that "what reinforces this trend more recent Federal Court decision, which confirmed the constitutionality of Article 140," stressing that "the Kurdistan region is very serious this time in the application of the Constitution and resolve all outstanding differences between the parties."
The Federal Supreme Court, earlier ruled the entry into force of Article (140) of the Constitution of the Republic of Iraq, stressing that this continues until the implementation of its requirements and achieve the goal of its legislation. link
Delta, Frank, X22 and MarkZ Monday Night 8-26-19
.KTFA:
DELTA: Specialized: minted coins serve internal business transactions
Monday 26 August 2019
There have been recent parliamentary voices calling for the reintroduction of coins (coinage) and reintroduction into circulation, as well as reconsideration of the project to delete the three zeros from the Iraqi currency, at a time when economists regarded it as part of the great economic reform process in the country.
Strategic Plan
Economist Dr. Essam Mohamed Hassan said that "the Central Bank decided earlier to develop a plan to create coins as part of a restructuring plan that requires the approval of the House of Representatives as a strategic plan will contribute to support the value of the Iraqi dinar in trading
"The change of currency means that a new currency replaces an old currency, with a specified replacement rate, and removes the zeros of the old currency or moves the decimal places to the left," he said, adding that "part of the restructuring plan of the currency and banks involves the creation of coins for trading." Financial support for the national economy. "
Hassan said that "the coin project, launched in 2004 did not succeed because of the absence of comprehensive economic reforms to support the financial value of the dinar in the global market," explaining that the coins will be one of the important intermediate currencies that will be used for trading and transactions.
"Deleting zeros and reintroducing coins has to do with economic reforms because coins, because of their durability, are longer than coins that are quickly damaged," he said. In 2004, "indicating that this requires the dissemination of a culture to educate the public about the economic feasibility of the minted currency."
Delete the zeros
KTFA:
DELTA: Specialized: minted coins serve internal business transactions
Monday 26 August 2019
There have been recent parliamentary voices calling for the reintroduction of coins (coinage) and reintroduction into circulation, as well as reconsideration of the project to delete the three zeros from the Iraqi currency, at a time when economists regarded it as part of the great economic reform process in the country.
Strategic Plan
Economist Dr. Essam Mohamed Hassan said that "the Central Bank decided earlier to develop a plan to create coins as part of a restructuring plan that requires the approval of the House of Representatives as a strategic plan will contribute to support the value of the Iraqi dinar in trading
"The change of currency means that a new currency replaces an old currency, with a specified replacement rate, and removes the zeros of the old currency or moves the decimal places to the left," he said, adding that "part of the restructuring plan of the currency and banks involves the creation of coins for trading." Financial support for the national economy. "
Hassan said that "the coin project, launched in 2004 did not succeed because of the absence of comprehensive economic reforms to support the financial value of the dinar in the global market," explaining that the coins will be one of the important intermediate currencies that will be used for trading and transactions.
"Deleting zeros and reintroducing coins has to do with economic reforms because coins, because of their durability, are longer than coins that are quickly damaged," he said. In 2004, "indicating that this requires the dissemination of a culture to educate the public about the economic feasibility of the minted currency."
Delete the zeros
Dr. Abdul Hussein Al-Ghalbi, an economist at the Faculty of Business and Economics, University of Kufa, said: "The process of changing the currency is not limited to deleting zeros, but it can be done by adding a number of zeros or moving the decimal places to the right, as happened in South Africa in 1961, but the situation Prevailing over the past 50 years in most countries is the elimination of zeros because of the hyperinflation witnessed by many countries, which obliges to add zeros to their currencies in those circumstances, and then get rid of zeros at the end
Al-Ghalbi stressed that "changing the currency does not affect productivity, as well as that this change does not affect the purchasing power of money, because the power comes from the increased demand for money against the money supply, and as long as the purchasing power does not change, the demand for currency and money supply They do not change, because deleting zeros does not entitle monetary institutions and the central bank to print more money and pump it into Economy".
Al-Ghalbi added that "the central bank is constrained by the existing cash in the replacement process, while foreign trade will not be affected as the price of exports will continue itself unchanged, as well as import payments are not affected because foreign exchange is in foreign currency against domestic, which remains unchanged because The purchasing power of a currency do not change".
Multiple benefits
"Changing currency and deleting zeros brings multiple benefits, including the fact that changing the currency leads to more efficiency for the local currency by reducing the number of zeros," he said.
Public". He said that "after the change of currency will occur a serious reduction in the volume of transactions with less amount of money, which facilitates all parties to deal with, especially
Accountants. "
Monetary deception
Al-Ghalbi said that "currency change reduces the phenomenon of monetary deception experienced by the people with a large number of zeros that push towards the generation of inflationary pressures, and the currency change signals to the local community and international markets that the government is serious in removing inflation, and the economy is heading towards a new beginning empty Of inflation
Untamed. "
He added that "currency change leads to greater confidence in local currency and credibility, and when there are a large number of zeros in the local currency people lose their confidence, especially those with transactions in wholesale markets and importers, as they will replace the local currency with stable international currencies such as the dollar or the euro, which deepens The phenomenon of dollarization in the domestic economy, which weakens monetary authority and reduces the effectiveness of policy Cash.
********************
Monday Night KTFA CC 8-26-19
PLAYBACK : 605.313.5163 PIN: 156996#
We Are Watching The Reset Of The World Economy - Episode 1953a
X22 Report: Published on Aug 26, 2019
We are watching the reset of the worlds financial system
Perfect Storm Confirmed,Horowitz Concludes 4 FISA Warrants Illegal - Episode 1953b
X22 Report: Published on Aug 26, 2019
MarkZ 7 pm Monday Update:
MZ: I think its highly possible to see the RV this week…..My paymaster expects to be done and home by next weekend.
Miracle Call, Frank26, TNT and more....Monday afternoon 8-26-19
.Miracles Intel Conference Call Replay with Scott Mowry from Sunday night 8-25-19
On this conference call we had massive breaking news to share which has occurred over the last few days regarding the global economy, including: the implementation of the new Quantum Financial System (QFS); the take down of the Federal Reserve; the US-China trade negotiations; and much more.
We can confirm to you there are multiple major developments unfolding at this time as the US military, White Hat Patriots and President Donald Trump regain control of the American, as well as, the global economy from the elite families and international bankster cabal.
• This week, President Trump has significantly stepped up his attacks on the privately-owned central bank corporation known as the Federal Reserve, and most particularly, Fed Chairman Jerome Powell. All is part of a major public relations operation to prepare the American people for big changes which are now underway to the global economic system.
• The timing of all these major new developments is coinciding with the Federal Reserve’s annual summer meetings in Jackson Hole, Wyoming, as well as, the G7 Summit 2019 ongoing this weekend in Biarritz, France.
• In addition, on Friday, August 23, the President came out swinging against the Chinese Communist Party and the stalled trade negotiations by imposing new harsher tariffs on imports coming from China. President Trump is attempting to address years of abuse by the Chinese government upon America by rectifying the extremely unfair trade relationship between the two countries in a landmark fashion.
• All of this focused attention on China is occurring while the citizens of Hong Kong are in an open revolt against the ruling Chinese Communist Party, as well as, other countries in Europe, Asia and South America. Make no mistake about it, what you are witnessing in Hong Kong is nothing-less-than historic.
• Meanwhile, there has been no new word from “Q” since August 1 as the 8Chan platform still remains dormant at this time.
Miracles Intel Conference Call Replay with Scott Mowry from Sunday night 8-25-19
On this conference call we had massive breaking news to share which has occurred over the last few days regarding the global economy, including: the implementation of the new Quantum Financial System (QFS); the take down of the Federal Reserve; the US-China trade negotiations; and much more.
We can confirm to you there are multiple major developments unfolding at this time as the US military, White Hat Patriots and President Donald Trump regain control of the American, as well as, the global economy from the elite families and international bankster cabal.
• This week, President Trump has significantly stepped up his attacks on the privately-owned central bank corporation known as the Federal Reserve, and most particularly, Fed Chairman Jerome Powell. All is part of a major public relations operation to prepare the American people for big changes which are now underway to the global economic system.
• The timing of all these major new developments is coinciding with the Federal Reserve’s annual summer meetings in Jackson Hole, Wyoming, as well as, the G7 Summit 2019 ongoing this weekend in Biarritz, France.
• In addition, on Friday, August 23, the President came out swinging against the Chinese Communist Party and the stalled trade negotiations by imposing new harsher tariffs on imports coming from China. President Trump is attempting to address years of abuse by the Chinese government upon America by rectifying the extremely unfair trade relationship between the two countries in a landmark fashion.
• All of this focused attention on China is occurring while the citizens of Hong Kong are in an open revolt against the ruling Chinese Communist Party, as well as, other countries in Europe, Asia and South America. Make no mistake about it, what you are witnessing in Hong Kong is nothing-less-than historic.
• Meanwhile, there has been no new word from “Q” since August 1 as the 8Chan platform still remains dormant at this time.
Replay Number: 712-770-5402 Access Code: 767664# / followed by # again
KTFA:
Samson: The start of the meeting of political leaders in the Office of the President of the Republic
2019/8/26 18:04
Political leaders began their meeting on Monday afternoon at the office of President Barham Salih.
A source (for Euphrates News) that "the meeting was attended by the leader of the National Wisdom Movement, Mr. Ammar al-Hakim, and the three presidencies, and the heads of the Alliance victory, Haider al-Abadi, the Iraqi platform Iyad Allawi, Faleh Fayyad, as well as heads of political blocs; to discuss the political and security developments in the country and the region." LINK
Iobey777: Yeah...wonder what else they are "discussing"? Hmmm?? Maybe they are making plans for a Big Celebration after the Big Announcement!! IMO....
***********************
Samson: Khazali: demonstrations will return in October next .. Record!
26th August, 2019
Revealed the Secretary - General of the League of Sheikh Qais al - Khazali, on Monday, that the demonstrations will return to Iraq again in October next month, in what was considered that the Israeli shelling of a practical step towards war.
Khazali said in a joint dialogue with a number of satellite channels will be broadcast this evening, that "what happened from the Israeli bombardment is a practical step towards war," stressing that "if Iraq is subjected to aggression requires our intervention and confrontation, we will do so."
Al-Khazali added that "the demonstrations will start again in October," stressing by saying: "Record this talk." On his demand to change the regime to presidential, Khazali stressed that "the presidential system is what made the United States of America a strong country, and also made Iran a strong country." LINK
*********************
Frank26: WE FOUND IT
Streamed live 78 minutes ago
Courtesy of Dinar Guru:
Frank26 ...this interview we are calling the "second article" from the CBI to the citizens concerning their monetary reform...it contains the information..about...many different things but mainly they're going to introduce new small category notes, the 1, 5, 10, 20 that will coexist with the three zero notes they have right now...this was an interview solely for the citizens of Iraq to be broadcasted and constantly repeated throughout the day....24/7 it will be broadcasted for a specific amount of time...I think it'll probably start...sometime next week...Monday or Tuesday is where I'm hoping for...
*************************
TNT:
Mot: The Sound of Silence - Pentatonix...............
TNT, Frank26, and X22 Sunday Night 8-25-19
.TNT:
LounDebnc: So what can 10% annual interest compounded really do?
Very Interesting - don't you think?
So I was looking at just what 10% interests really means. Check this out
Start with just $2 million dollar investment growing at 10% annually drawing $15k a month or $180,000 a year.
Over 30 years you could take out $5.4 million and still have $3.7 million in the bank!
Want to really blow your mind?
Now with $4 million dollar investment growing at 10% annually drawing $45k a month or $540,000 a year.
TNT:
LounDebnc: So what can 10% annual interest compounded really do?
Very Interesting - don't you think?
So I was looking at just what 10% interests really means. Check this out
Start with just $2 million dollar investment growing at 10% annually drawing $15k a month or $180,000 a year.
Over 30 years you could take out $5.4 million and still have $3.7 million in the bank!
Want to really blow your mind?
Now with $4 million dollar investment growing at 10% annually drawing $45k a month or $540,000 a year.
Over 30 years you could take $16.2 million and still have over $23 million in the bank!
lets go one more time…
So a $10 million dollar investment growing at 10% annually drawing $75k a month or $900,000 a year.
Over 30 years you could take $27 million and still have over $18 million in the bank!
Come on RV! Lou
I just went to https://www.thecalculatorsite.com I knew about the power of compound interest but was interested in how the numbers played out. Of course this does not take a lot of things into account...Taxes for instances...Just a fun exercise thou...Happy Saturday
*********************
KTFA:
Frank26: THE BROADCAST WILL BE REPEATED
Streamed live 25 minutes ago
The Panic Is Real, The [CB] True Agenda Is Revealed - Episode 1952a
X22 Report: Published on Aug 25, 2019
The Perfect Storm Is Forming, It Will Not End Well For Many - Episode 1952b
X22 Report: Published on Aug 25, 2019
.Frank, TNT, Mike Maloney and more.....Saturday Night 8-24-19
.KTFA:
Samson: Contrary to expectations .. Standard & Poor's: Iraq's economy will recover .. This is what will happen to the non-oil sectors
24th August, 2019
The US financial services company, Standard & Poor's, on Saturday (August 24, 2019), expected Iraq to recover from the deficit in the 2019 budget, through the gradual recovery of non-oil economic activity.
The company said in a new report on a number of Arab countries that Iraq will record a budget deficit in 2019 and the coming years, due to low oil prices and the needs of large spending.
S&P revealed that growth in Iraq could recover in 2019, supported by expected increases in oil production and a gradual recovery of non-oil economic activity.
KTFA:
Samson: Contrary to expectations .. Standard & Poor's: Iraq's economy will recover .. This is what will happen to the non-oil sectors
24th August, 2019
The US financial services company, Standard & Poor's, on Saturday (August 24, 2019), expected Iraq to recover from the deficit in the 2019 budget, through the gradual recovery of non-oil economic activity.
The company said in a new report on a number of Arab countries that Iraq will record a budget deficit in 2019 and the coming years, due to low oil prices and the needs of large spending.
S&P revealed that growth in Iraq could recover in 2019, supported by expected increases in oil production and a gradual recovery of non-oil economic activity.
The company said it could cut its ratings for Iraq if the government increased spending beyond its expectations.
A member of the Parliamentary Finance Committee, Ahmed Mazhar al-Jubouri, confirmed Thursday (22 August 2019), the absence of a supplementary budget in the budget for this year 2019, while talked about the existence of serious indicators of a deficit exceeding the 72 trillion for next year
Jubouri said, in a special statement to (Baghdad today), "The budget law is one, and there is no supplementary budget for the current year
Jubouri added that “the supplementary budget occurs when there is a surplus in imports, but when there is no surplus we do not need the supplementary budget, especially since the indicators for the budget of 2020 are alarming for more than 72 trillion dinars budget deficit, and therefore there is no so-called supplementary budget LINK
*********************
Samson: Standard & Poor's confirms its credit rating of Iraq at B- / B with a stable outlook LINK
Courtesy of Dinar Guru
Dinar Investor - Jeff Article: "Baghdad and Kurdistan agree on partnership in international conferences and meetings"
When you look at a lot of the current articles coming out between Kurdistan and Baghdad, they're strongly suggesting/indicating that the Kurds and Baghdad have reached an agreement, just not publicly announced it.
So, ultimately that's what we are waiting for...to publicly announce it...that they have agreed ...and that they have everything worked out on the oil and Article 140 for the numbers in the 2020 budget...and then after that to know if the stage is officially set, we want to see what their next actions are...do they advance straight to the formation of the government or do they do something directly after that.
That's what we are looking for to know if the stage is officially set based on how fast they advance to the formation of the government. That will tell you everything you need to know.
*********************
TNT:
Jim32: As OKIE would say...If the window was open any wider you would fall out.....if it don't happen this week then there aint cow in Texas.....I always enjoyed OKIE.
********************
Tishwash: Vietnam likely to keep dong strong this year
Vietnam has room to keep its currency strong until year-end despite pressures from a rising dollar and falling yuan, analysts said.
On Friday the US Dollar Index (DXY), a measure of the greenback’s strength against a basket of currencies, crossed the 98-point mark in the last three sessions, its highest level since May 2017 and almost 3 percent up since June-end.
The Chinese yuan fell for the sixth consecutive session to 7.0931 to the dollar, the lowest level since the 2008 global financial crisis, and edging closer to the crucial 7.1 mark.
Global markets plunged when China allowed the yuan to fall below the key 7 threshold in early August, and investors piled into gold, safe-haven Japanese yen and bonds amid heightened worries of a global currency war, Reuters reported.
But the recent volatility in the global market does not seem to have a big impact on Vietnam, Harry Loh, General Director of the Singapore-owned United Overseas Bank Vietnam, said.
Given the State Bank of Vietnam’s (SBV) clear policy orientation to maintain stability and liquidity in the forex market since the beginning of the year, it will likely keep the dong/dollar trading band at around 2 percent for this year, and so overnight shocks in the market would be unlikely, said Harry Loh.
Several securities companies had also forecast in recent reports that the dong/dollar exchange rate was unlikely to change by more than 2-3 percent, a band Vietnam has maintained in recent years even with global pressures.
According to Bao Viet Securities (BVSC), by the end of July the exchange rate had not changed much since the end of last year, and so the SBV has "sufficiently large room" to manipulate the dong.
The pressure from a rising dollar could be kept at bay until this year because Vietnam has abundant foreign currency reserves, it said.
"Year-end mergers and acquisitions such as BIDV selling a 15 percent stake to South Korea’s KEB Hana Bank, plans by Vietcombank to sell a 6.5 percent stake and MBBank selling 7.5 percent to foreign investors is expected to bring a lot of foreign currency into Vietnam," BVSC said. It expected the value of these M&A deals to reach $2 billion.
According to Viet Dragon Securities, because FDI prospects are "excellent" this year, foreign exchange reserves will increase, meaning the SBV will have "significant room" to make currency interventions.
Foreign investment in Vietnam is expected to top $20 billion this year, a record high, according to Singapore’s United Overseas Bank (UOB).
On Friday the SBV set the daily reference rate for the dollar at VND23,127. This meant the dong had depreciated by 1.98 percent from a year ago and 1.32 percent since the beginning of this year. link
Mike Maloney: The US Dollar Is On Life Support - Got Gold?
Premiered Aug 20, 2019
ZeroHedge article: https://www.zerohedge.com/news/2019-07-23/jpmorgan-we-believe-dollar-could-lose-its-status-worlds-reserve-currency
What is at the core of the latest turmoil in markets? Is it a trade war? Is it a yield curve inversion? Or is it something far more simple...like the fact that the US Dollar is on life support?
Frank26 and KTFA Members Saturday Afternoon 8-24-19 "World Switch"
.KTFA:
Clare: FROM CHAT THIS MORNING: FRANK IS GRACIOUSLY SHARING WITH THE WHOLE FORUM.....
PLEASE LET FRANK KNOW HOW GRATEFUL YOU ARE, AND ALSO LINDA, (L&E) WHO DID THE COMPILATION FOR US ALL!
THIS CHAT IS IN [F26 ] FRANK'S OPINION
SO ALLOW ME TO SAY AT LEAST THE FOLLOWING ...............THE KEY IS IN THE UTV'S
IT'S BEEN 3 DAYS SINCE THE ROSE HAS BEEN WANTING TO TELL YOU WHAT IT WAS TOLD ….LOOK CAREFULLY AT THE ROLE PLAYING THAT I PRESENT I'M TRYING TO POINT AT THE SECOND ARTICLE FROM THE CBI
THE PROBLEM IS YOU CANNOT SEE WHAT THEY ARE DOING INTERNALLY BECAUSE THEY ARE NOT PUBLICIZING IT …..
KTFA:
Clare: FROM CHAT THIS MORNING: FRANK IS GRACIOUSLY SHARING WITH THE WHOLE FORUM.....
PLEASE LET FRANK KNOW HOW GRATEFUL YOU ARE, AND ALSO LINDA, (L&E) WHO DID THE COMPILATION FOR US ALL!
THIS CHAT IS IN [F26 ] FRANK'S OPINION
SO ALLOW ME TO SAY AT LEAST THE FOLLOWING ...............THE KEY IS IN THE UTV'S
IT'S BEEN 3 DAYS SINCE THE ROSE HAS BEEN WANTING TO TELL YOU WHAT IT WAS TOLD ….LOOK CAREFULLY AT THE ROLE PLAYING THAT I PRESENT I'M TRYING TO POINT AT THE SECOND ARTICLE FROM THE CBI
THE PROBLEM IS YOU CANNOT SEE WHAT THEY ARE DOING INTERNALLY BECAUSE THEY ARE NOT PUBLICIZING IT …..
THE KEY IS IN MY UTV'S.......!!! BUT ALLOW ME TO GIVE YOU ANOTHER KEY FROM THE SET..........
VERY SOON THEY SAY …..WHAT? I SAY ….MORE THEY SAY ….WELL..............LET ME ASK THIS THEN...........WHAT MORE IS THERE AFTER YOU TELLING ME THAT COINS ARE ABOUT TO COME OUT ? ….BECAUSE 000'S WILL BE LIFTED FROM THE EXCHANGE RATE TO ADD VALUE TO YOUR CURRENCY FOR YOUR CITIZENS NEW PURCHASING POWER........... ?
ONLY ONE THING…. A NATIONAL SWITCH THAT WILL BE PUSHED ….INSIDE OF A COMING WEEK THAT IS BECOMING A DAY WITH A SPECIFIC HOUR................COMING REAL SOON …
WHY? BECAUSE THE NATIONAL SWITCH THAT YOU KNOW VERY LITTLE ABOUT........... IS ALSO ............. A WORLD SWITCH ….SMILE ….
NOW DON'T CHEAT AND ASK ME ON Q&A TONIGHT ABOUT.............A WORLD SWITCH
COMING SOON WITH MORE........... TO THE CITIZENS WE CALL IT ARTICLE TWO FROM THE CBI
CLARE..........COMPILE THIS PLEASE...........AND PUT IT BOTH INSIDE AND OUT ……..F26 OUT
CHAT BY Frank26…….COMP BY L&E
UTV'S =YOUTUBE VIDEOS
*********************
Don961: 5 days ago ...
Will Iraq return to the old "coin"?
Business & Finance Monday , 19 August 2019 11:15
Baghdad / Sky Press
BAGHDAD (Reuters) - Work is under way to return to the old coin, which has been used for decades in the country, parliamentary sources in Iraq said.
A member of the Finance Committee in the Iraqi parliament, Hanin al-Qadu: "We discussed with central bank officials the need to re-work coins that were used in Iraq during the past decades, rather than paper that is damaged and printed in large quantities again."
He added in a statement, today, that "the use of metal categories and their descent for trading gives a notional value of the currency, as a number of neighboring countries exchange rates are very high against the dollar, and yet it has a coin in order to maintain the monetary process, and no need to request more Papers especially in small categories. "
The dinar is the official currency in Iraq, and is issued by the Central Bank, and the dinar is divided into 1000 fils, but the high inflation rates in the late last century, caused the abandonment of coins from coins, which was coined in the category of fils where they are now out of circulation.
Economists believe that the cost of a coin is more than paper money, as well as that it is harder to carry on citizens, and the overheating in the economy prevents the minting of coins and make them in circulation.
At the time of Iraq's independence from the United Kingdom in 1932, the same year, the Iraqi dinar was replaced with the Indian rupee at the rate of 1 dinar = 13 rupees. link
Samson: Industry announces the conclusion of 200 contracts within a new production plan
24th August, 2019
Ministry of Industry and Minerals, Saturday, that the next phase will witness a transformation of the reality of national industry through the conclusion of nearly 200 partnership contracts over the past period with various state institutions and the private sector, which will contribute to the revival of the sector through the addition of new production lines.
A spokesman for the ministry, Abdul Wahid al-Shammari, said in a statement seen by the ministry that the doors of his ministry are "open to review the contracts concluded with the private sector and state institutions with the aim of enhancing production lines and upgrading the reality of industry after the majority of laboratories and factories have mixed cards." “The last period has witnessed the conclusion of his ministry 196 contracts distributed between partnership contracts with the private sector and referring some of them as investment opportunities.”
He added that his ministry "during the completion of the time limits for the contracts mentioned in various industrial disciplines, will shift to fill the market need for some goods and products that will be added by new production lines in order to move to self-sufficiency gradually."
Al-Shammari said that a number of ministries such as defense, electricity, oil, reconstruction and municipalities, as well as the secretariat of Baghdad and a number of other state institutions, have concluded with the ministry contracts to manufacture the various services needed, especially after the local production was characterized by consumer confidence and began to compete with the imported counterpart in terms of modernity and development. Technology, quality and quality.” LINK
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Samson: The US State Department plans to reopen its consulate on the Danish island of Greenland
24th August, 2019
The US State Department plans to reopen the US consulate on the Danish island of Greenland.
The reopening of the Consulate in the city of Nooki (Greenland Center) is part of the US plan to increase the US presence in the Arctic, the ministry said in a letter to the Senate Foreign Affairs Committee.
The United States has "strategic interest in strengthening political, economic and trade relations in the Arctic," the department said.
The US State Department considers that this consulate will become "a very important element of the efforts to expand the US presence in the Arctic and will serve as an effective base for moving American interests in Greenland."
The United States opened its consulate in Greenland in 1940 after the beginning of the Nazi occupation of Denmark and was closed in 1953. The new US consulate in Newquay, Greenland, is scheduled to open next year and will have seven staff. LINK
Samson: Trump is ready to negotiate with Beijing following his decision to increase tariffs on its goods
24th August, 2019
US President Donald Trump said on Saturday after his decision to increase tariffs on Chinese goods he remained ready to negotiate with Beijing.
"Let's see, what happens, I'm always open to negotiations," Trump told reporters before heading to the airport for the G7 summit in France.
As of October 1, Trump will increase tariffs on Chinese goods worth $ 250 billion from 25 percent to 30 percent, Trump wrote on his Twitter account on Friday.
Trump said: "Customs duties on the rest of China's imports, worth $ 300 billion, which is scheduled to take effect on the first of September by 15% instead of 10%." This was in response to the new tariffs recently imposed by China.
On Friday, China imposed a 10- and 5-percent surcharge on US products worth 75 billion dollars a year.
On Friday, Trump instructed US companies to consider closing their business in China and instead make more of their products in the United States on the back of rising trade tension between the world's two largest economies. LINK
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Samson: Leaders of the G7 countries are meeting today in France and the Amazon fires are the first issues to be discussed
24th August, 2019
The summit of the leaders of the seven major industrialized countries, known as "G7", which is chaired by France and hosted in the city of Biarritz, will start on Saturday.
From the "trade war" issues to the nuclear deal with Iran, environmental and climate problems, the Amazon fires and other issues, the leaders will address the most prominent crises shaking the world.
Massive Amazon forest fires imposed themselves at the last minute as a major issue on the agenda on the first day of the summit, observers said.
The environmental disaster will be on the agenda at the dinner, which will be attended by French and US presidents Emmanuel Macron and Donald Trump, German Chancellor Angela Merkel and British prime ministers Boris Johnson, Italian Giuseppe Conte, Japanese Shinzo Abe and Canadian Justin Trudeau.
Observers say the debate will be delicate after Macron accused Brazilian President Jair Bolsonaro of "lying" about his climate pledges and of "inaction" in the face of the fires that have been devastating since the days of the "world lung."
For its part, Berlin expressed reservations after Paris announced that it would block a draft trade agreement between the South American Common Market (Mercosur) and the European Union, an issue that will be addressed by Macron and Merkel in a bilateral meeting.
The dialogue between the leaders seems to be heated on imposing tariffs on Internet giant groups, reviving the global economy and trade disputes between Beijing and Washington, the day after they exchange tariffs, experts say.
On the Iranian nuclear file, Macron will inform his guests of the contents of his meeting with Foreign Minister Mohammad Javad Zarif.
Faced with these many current issues, French regulators will try to advance other issues such as combating inequality, education in Africa, and protecting the oceans.
Organizers hope to reach "concrete initiatives" with invited leaders as guests, such as Indian Prime Minister Narendra Modi and heads of six African countries.
In the French city of Biarritz and its Basque country, 13,000 police and security men were mobilized to control security during the summit, while a gathering of opponents raised fears of violence.
G7 is an annual gathering of G7 leaders, formed in 1975, while Canada joined a group of six countries: France, Germany, Italy, Japan, the United Kingdom, and the United States of America in 1976, completing the list. The seven countries. LINK