Frank26 and KTFA Members Friday Evening 9-6-19
.KTFA:
Frank26: KTFA FAMILY I .................. WANT ...................... TO TALK.
THAT WHICH WAS IN THE BACK OF THE RIGHT SIDE OF MY HEAD .............. REMEMBER?
C U ON YOUR YOUTUBE IN .45
REJOICE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
MY SINCERE ALOHA MY KONA ................. SWEET ALOHA \M/
PS.............. TELL THE OTHER SITES THEY BEST COME TONIGHT.
Frank26: THE PRIVATE BANKS AROUND THE WORLD
September 6, 2019
KTFA:
Frank26: KTFA FAMILY I .................. WANT ...................... TO TALK.
THAT WHICH WAS IN THE BACK OF THE RIGHT SIDE OF MY HEAD .............. REMEMBER?
C U ON YOUR YOUTUBE IN .45
REJOICE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
MY SINCERE ALOHA MY KONA ................. SWEET ALOHA \M/
PS.............. TELL THE OTHER SITES THEY BEST COME TONIGHT.
Frank26: THE PRIVATE BANKS AROUND THE WORLD
September 6, 2019
Don961: “Securities” honor the first companies by submitting their final accounts
Friday 06 September 2019
Baghdad / Hussein Thaghab
The JSC organized its annual workshop, under the patronage of the Prime Minister, to honor the joint stock companies in submitting their final accounts for 2018 under the slogan 'Early Disclosure Encourages Investment'.
The workshop was inaugurated by the Chairman of the Securities Commission, Dr. Alaa Al-Saadi. In all fields, including the economic field of course, which will reflect positively on the economic development of society and people. "
He added that this sponsorship contributes to encourage sound financial practices, including encouraging companies to disclose early on their financial reports, which lead to establishing a sound basis in the dissemination of information in a timely manner in order for investors to make investment decisions based on that information and properly to strengthen financial markets. And raise their efficiency. "
One team
Al-Saadi continued: "Our body worked during the past year on the task of one team on several key axes, which will promote the culture of indirect investment in the securities sector, the most important of which is the activation of Iraq's membership in the Federation of Arab Securities Commissions after it was frozen for several years."
He pointed to "the completion of Iraq's accession to the Organization of International Securities Commissions IOSCO as an associate member, and we are currently working to convert this capacity to the status of a member, as well as the signing of memorandums of understanding with the corresponding bodies in the Hashemite Kingdom of Jordan and the Republic of Iran Islamic. "
"Further memoranda will be signed in the near future with the corresponding bodies in Qatar and Saudi Arabia, as well as the completion of the draft law of the Securities Commission, in cooperation with the State Council, after all conflicts with other laws have been removed," he said.
Performance indicators
The representative of Prime Minister Abdul Karim al-Faisal said: "The Iraqi Stock Exchange is the most important in the economy, as it reflects the performance indicators within the local labor market and indicators of prosperity and recession, and has a major role in building capital contribute to development."
He pointed out that "the market contributes to attracting individuals to save in stocks, as it seeks to build a safe investment environment that helps in competition through the availability of information on joint-stock companies," pointing out that "the market is a wider window for indirect investment, and whenever the mechanisms work sound Investors are going to the market, and transparent performance gives the market the freedom to buy stocks. "
Trading Tools
The Executive Director of the Iraqi Stock Exchange Taha Ahmed Abdul Salam confirmed that "the market is interested in joint stock companies, as they represent trading tools," explaining that "this event is organized annually to introduce companies that have been disclosed early," pointing out that "early disclosure contributes to the audit of data and preserves the rights Shareholders. "
Promote competition
The director of Trans Bank of Iraq, Bashar Shaker, one of the companies that disclosed early on, said: "This trend can be described as positive as it promotes competition between mixed sector companies, which in turn leads to the promotion of investment in shares of companies that disclose their final accounts and build confidence between the two poles of the process. Competitors and investor in stocks. "
He pointed out that "this step enhances the capabilities of the Iraqi stock market, and here prefer to follow all the companies to contribute towards such a direction to move the local market to a better stage."
Strengthen confidence
Abbas Jameel, Chairman of the Board of Directors of Khazir Road, pointed out that "the Authority has worked well when it took the initiative to honor the first ten companies that disclosed their final statements." It leads to enhancing confidence between the citizen and the company and adding real value to the company's shares within the trading market and this enhances its financial position.
link
MilitiaMan: This positive report (above) shows they have had moving the ISX to a new level on their mind for quite sometime now. Looks so as to be, as far back as 2018 for companies starting to disclose their books in order to be transparent.
This is clearly setting the stage for a much grander staging for the ISX. The line up of countries taking notice is noted too. We have been told to watch the NASDAQ recently, imo. This seems to fit that we may see something in short order! imo ~ MM
They at this stage in time are at an Associate Member Level with IOSCO, just think when they RI what sort of light that will shine on the ascension to a full member!
The NASDAQ has rules and standards that will need to be met. If and when that happens and apparently it is the goal for that to happen, as the ISX was show cased back in July in New York (I believe) and then again more recently in Iraq, suggesting the above has been setting the stage to roll out companies that were early to the party for trading soon internationally!
So, this is well timed today, and is nothing but a positive sign of what is to come. imo ~ MM
Then now we see below taken from the Final Article Thread, we can see who calculated things for the future and when." The AMF value is to be taken seriously and it may very well get a nice leg up the ladder when Iraq takes of her training wheels!!
We in the past were able to define value by loans from Tunisia / AMF... They were close to Iraq's original high Glory Day's ~ Maybe WS can give us some input on the matter? imo ~ MM
********************
DON961 said (Post #149)
Arab Monetary Fund launches a special index for the Iraqi market for securities
Iraq Stock Exchange
03 Sep 2019 02:02 PM
Direct: The Arab Monetary Fund revealed the inclusion of the Iraqi market for securities officially in the system of Arab financial markets database with the Fund, as of the beginning of September 2019.
The Arab Monetary Fund, in a statement, that the number of Arab financial markets joined the database of the Fund rose to 17 markets with the accession of the Iraqi market.
The Iraqi Stock Exchange currently includes 95 companies, including 28 banks and 5 insurance companies, 23 services, finance and investment companies, and two companies in the telecommunications sector, in addition to 21 companies in the industrial sector, 10 companies in the hotel and tourism sector, and 6 companies in the agriculture sector.
The total market value of the market at the end of 2018 was about 11.356 trillion Iraqi dinars equivalent to $ 9.1 billion, thus being ranked 13th among the Arab financial markets in the market value.
The Fund said that it has started to calculate a special index for the Iraqi market for securities, based on the data as at 31 July 2019 as a base period .
The sample of the index of the Fund for the Iraqi market for the securities of 43 companies, representing a market value of about 80 percent of the total market value as at the end of 2018 .
It is noteworthy that the Arab Monetary Fund calculates, in addition to indicators for the financial markets that join its database, a general composite index, which measures the performance of the Arab financial markets combined, including the Iraqi market for securities as of September 1, 2019 link
Samson: Iraq signs a memorandum of forgiveness of 75% of its debts with Arab funds
5th September, 2019
The Arab League signed on Thursday a memorandum of understanding with Iraq in implementation of the decision of the recent Arab summit in Tunisia;
The 104th session of the Economic and Social Council of the League of Arab States kicked off at the headquarters of the General Secretariat of the League of Arab States in the presence of a number of ministers, heads of Arab delegations and directors of joint Arab action organizations.
The memorandum was signed by the Arab League Secretariat General Assistant Secretary General for Financial and Administrative Affairs Ambassador Abdullah Sorour Al-Mutairi and Iraq Ambassador to Egypt Ahmed Al-Dulaimi, according to the Saudi Press Agency.
The memorandum of understanding includes clauses on how to exempt Iraq from paying its debts to Arab funds by 75 percent, and how to pay Iraqi arrears in the budget of the General Secretariat of the League, and a program for how and when to pay.
Al-Mutairi said that these arrears amount to about 21 million dollars, noting that Iraq has always been a race to commit to pay all financial contributions to the budget of the Arab League and Arab funds. LINK
Frank and Delta Thursday Night 9-5-19
KTFA:
DELTA: I LOVE IT..... HEAT IS ON...
SADR IS MAD...
The leader of Sadr's movement, Muqtada al-Sadr, announced on Thursday the end of the Iraqi government, while threatening to declare innocence of them in the absence of strict measures.
"Farewell, Mawtani, as this marks the end of the Iraqi government," Sadr said in a tweet on his official Twitter account .
"This is a transformation from a state controlled by law to a riot," he said, adding that "if the government does not take tough measures, I declare my innocence."
KTFA:
DELTA: I LOVE IT..... HEAT IS ON...
SADR IS MAD...
The leader of Sadr's movement, Muqtada al-Sadr, announced on Thursday the end of the Iraqi government, while threatening to declare innocence of them in the absence of strict measures.
"Farewell, Mawtani, as this marks the end of the Iraqi government," Sadr said in a tweet on his official Twitter account .
"This is a transformation from a state controlled by law to a riot," he said, adding that "if the government does not take tough measures, I declare my innocence."
Frank26: CITIZENS......ARE YOU READY ?
September 5, 2019
Markets- the Iraqi dinar is about to come out and play….are you ready?
Visual aids are coming out to the people with full explanations……very soon
The CBI is beating the drum on future increased purchasing power
Frank26 Wed. Night: "AMF-How Do You Like Me Now?"
Emailed to Recaps
.KTFA:
Frank26: AMF HOW DO YOU LIKE ME NOW?
September 4, 2019
(A few highlights)
F26: By the time you are done listening to this video you will be very happy with the news we tell you that is not yet out in articles
The citizens are being educated in so many ways. There is a massive campaign going on right now with the CBI .
Delta went to the CBI website looking for the rate for the Iraqi Dinar and he couldnt find it all day. We are still trying to determine the significance of this ……
Delta Posts: https://dinarrecaps.squarespace.com/our-blog/delta-militiaman-and-ktfa-members-wednesday-night-9-4-19
22 central bank governors sit on the board of directors of the AMF. (Arab Monetary fund) Alak is going there as well .Alak used to be a governor of the CBI.. They are moving him up.
The new governor of the CBI will also sit on the AMF as a governor not a director.
These are people who know what Shabib wanted with the reinstatement of the Iraqi dinar and we think they are being positioned for a purpose There is a change coming in their currency , so there is a change in the structures around the currency.
There is a massive media campaign going on right now in Iraq about the new coins/fils , the ATM machines, the mastercards, and the monetary reforms. They are playing information constantly on TV, radio, and electronic billboards…over and over and over….
Emailed to Recaps
KTFA:
Frank26: AMF HOW DO YOU LIKE ME NOW?
September 4, 2019
(A few highlights)
F26: By the time you are done listening to this video you will be very happy with the news we tell you that is not yet out in articles
The citizens are being educated in so many ways. There is a massive campaign going on right now with the CBI .
Delta went to the CBI website looking for the rate for the Iraqi Dinar and he couldnt find it all day. We are still trying to determine the significance of this ……
Delta Posts: https://dinarrecaps.squarespace.com/our-blog/delta-militiaman-and-ktfa-members-wednesday-night-9-4-19
22 central bank governors sit on the board of directors of the AMF. (Arab Monetary fund) Alak is going there as well .Alak used to be a governor of the CBI.. They are moving him up.
The new governor of the CBI will also sit on the AMF as a governor not a director.
These are people who know what Shabib wanted with the reinstatement of the Iraqi dinar and we think they are being positioned for a purpose There is a change coming in their currency , so there is a change in the structures around the currency.
There is a massive media campaign going on right now in Iraq about the new coins/fils , the ATM machines, the mastercards, and the monetary reforms. They are playing information constantly on TV, radio, and electronic billboards…over and over and over….
IMO The coins, atms, and mastercard training is done and all that is left is to announce the new rate of the Iraqi dinar.
They are being told the Iraqi Dinar will be giving them all more purchasing power soon.
Oct. 1st will have a lot of things happening. It’s the new us fiscal year …The ISX will be joining Forex….
Report #1 from Firefly77: I saw on the tv today that the CBI was saying they had achieved the transition into Iraq’s economy and that the CBI has a plan for the next 5 years and the goal is to restore the Iraqi dinar to it’s glory. And the whole AMF is in Bagdad having a conference today…..along with other countries …and the plan they are talking about is to raise the purchasing power of their currency. . Allowi and the CBI is giving a press conference about this today. Also our friends from Kurdistan are here today signing agreements all day…..this also has been on TV all day.
Q: Does that mean we have to wait another 5 years to get value back to our currency?
Walkinstick: Nope you wan’t have to wait that long.
F26: of course not- this is for the NEXT 5 years.
Firefly77 Report #2 Alak was on TV for 30 minutes this afternoon in a special report….and he says the CBI is about to raise the exchange rate of the Iraqi dinar. The CBI is determined to jumpstart the monetary reform and he is proud of all the banks in Iraq and all the training that they had completed. We had been hoping to get the official announcement today…..but they are talking a lot about the Monetary reform . and that is encouraging news.
Please listen to full video for all the news about Iraq, China, the trade wars…and more……
Frank26: "World Markets- How Do You Like Me Now?"
.KTFA:
Frank26: WORLD MARKETS HOW DO YOU LIKE ME NOW
Streamed live 30 minutes ago
Report: The TV in Iraq is very active today with news from the CBI…..
F26: They are making me look good…… the IMF says…yes they are using the chapter 8 tools.
Member: Will they be like Kuwait and announce, “we aren’t going to change our rate!” The next day, they change their rate. “We need 7 days!” Next day, they change their rate.
KTFA:
Frank26: WORLD MARKETS HOW DO YOU LIKE ME NOW
Streamed live 30 minutes ago
Report: The TV in Iraq is very active today with news from the CBI…..
F26: They are making me look good…… the IMF says…yes they are using the chapter 8 tools.
Member: Will they be like Kuwait and announce, “we aren’t going to change our rate!” The next day, they change their rate. “We need 7 days!” Next day, they change their rate.
Don961: Arab Monetary Fund launches a special index for the Iraqi market for securities
Iraq Stock Exchange
03 Sep 2019 02:02 PM
Direct: The Arab Monetary Fund revealed the inclusion of the Iraqi market for securities officially in the system of Arab financial markets database with the Fund, as of the beginning of September 2019.
The Arab Monetary Fund, in a statement, that the number of Arab financial markets joined the database of the Fund rose to 17 markets with the accession of the Iraqi market.
The Iraqi Stock Exchange currently includes 95 companies, including 28 banks and 5 insurance companies, 23 services, finance and investment companies, and two companies in the telecommunications sector, in addition to 21 companies in the industrial sector, 10 companies in the hotel and tourism sector, and 6 companies in the agriculture sector.
The total market value of the market at the end of 2018 was about 11.356 trillion Iraqi dinars equivalent to $ 9.1 billion, thus being ranked 13th among the Arab financial markets in the market value.
The Fund said that it has started to calculate a special index for the Iraqi market for securities, based on the data as at 31 July 2019 as a base period .
The sample of the index of the Fund for the Iraqi market for the securities of 43 companies, representing a market value of about 80 percent of the total market value as at the end of 2018 .
It is noteworthy that the Arab Monetary Fund calculates, in addition to indicators for the financial markets that join its database, a general composite index, which measures the performance of the Arab financial markets combined, including the Iraqi market for securities as of September 1, 2019 link
Walkingstick: Take note!!!Thanks Don
Frank26: WALKINGSTICK SIR ...................... MA !!! (Mission Accomplished)
Samson: A delegation from Kurdistan arrives in Baghdad for this reason
9/4/2019 0:29
A delegation from the Kurdistan region arrived in Baghdad on Tuesday evening, headed by Deputy Speaker of the Kurdistan Parliament Hemin Hawrami.
The Media Department of the House of Representatives in a statement received (Euphrates News) a copy, that "MP Amer Fayez member of the Committee on Foreign Relations and in the presence of Sirwan Abdullah, Secretary-General of the House of Representatives received a delegation of the Kurdistan Region headed by Hemin Hawrami upon his arrival in Baghdad In the Asian Parliamentary Assembly held for the period from 3-5 of this month." She added that "the delegation of the region was received at the Prime Minister's Hall at Baghdad International Airport."
The meeting of the Standing Committee will be held under the auspices and participation of the Iraqi Council of Representatives in Baghdad for the period from 3-5 September, with the participation of 16 Arab and Asian countries. LINK
Iobey777: Did they come to sign the "final" docs...or are they making the celebration plans??!!! 'cause everyone is Happy!!! IMO!
Frank26 Monday Afternoon "We Told You About This Yesterday" 9-2-19
KTFA:
.Frank26: WE TOLD YOU ABOUT THIS YESTERDAY
Streamed live 18 minutes ago
https://youtu.be/a2z3ArS8A-8?t=1
DELTA: HUGE INFO IN.......... NEW SOFTWARE TO BUY AND SELL FOREIGN CURRENCY...
Al-Mansour Software Solutions
The first phase of the market Sar-Mal program for the sale and purchase of foreign currencies was launched between money exchanger only and will be run later between money exchanger and commercial companies only.
The Teller can now trade demo and educational through the application to participate in the stock exchange, and send the name of the exchange company and mobile phone and the name of the person authorized to deal in the stock exchange on e-mail or communicate via WhatsApp to get the link to the program.
KTFA:
Frank26: WE TOLD YOU ABOUT THIS YESTERDAY
Streamed live 18 minutes ago
https://youtu.be/a2z3ArS8A-8?t=1
DELTA: HUGE INFO IN.......... NEW SOFTWARE TO BUY AND SELL FOREIGN CURRENCY...
Al-Mansour Software Solutions
The first phase of the market Sar-Mal program for the sale and purchase of foreign currencies was launched between money exchanger only and will be run later between money exchanger and commercial companies only.
The Teller can now trade demo and educational through the application to participate in the stock exchange, and send the name of the exchange company and mobile phone and the name of the person authorized to deal in the stock exchange on e-mail or communicate via WhatsApp to get the link to the program.
Iobey777: Wow!!!! Thank you,DELTA!!! This is what FF77 was talking about, IMO!!!
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
*********************
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