Frank26 Video "Five" and more Monday PM 12-23-19

KTFA:

Frank26:  12-23-19.......FIVE

THIS WHOLE VIDEO IS ALL IN FRANK'S OPINION

Monday Conference Call: 605-313-5164 PIN: 156996#

Playback Number: 605-313-5163 PIN: 156996#

https://www.youtube.com/watch?v=YTE2u3OdDkU

Don961:  The House of Representatives postpones its session until tomorrow

Politics 12/23/2019 19:51 120 Editor: mst   
Baghdad today _ Baghdad

Today's session, the first reading of the proposed law for the first amendment of the Federal Financial Management Law No. (6) of 2019.   LINK  

MilitiaMan:  Interesting that this is coming up now. We are well passed October 10th 2019. My view is based on many things I will suggest to be to the best of my knowledge what may very well be at least close to spot on what has actually happened this year and more recently within about a 6-9 month time frame.

I have posted recently here on the forum my views on the chronology of happenings from the GOI, but more importantly the CBI. The latter is my focus of late and will be through the end of year real close, 01/02/2020. I am not looking for the 2020 budget either. It is that, it has already been sorted since October 10th and on time per Tammimi, imo.

Aside from the possible smoke that appears to be given out now and to suggest they are going to read the first reading of the FML should have everyone scratching their heads. Not for 2019 they are not, imo.. Tamimi has been on record of fairly recent about that matter, imo. Even Delta mentions many of the things I will suggest and all from the CBI and what we learn here from Frank, WS, Teams, etc..

There is nothing I see that warrants or supports the rumor of an RI going into March of 2020. If there are links aside from other gurus then any one that may feel there is validity to that, please feel free to post links from the CBI, articles, etc.. So, off the cuff here we go.

1) The CBI told the world they will need to be prepared to modify contracts. That supports a rate change is coming. imo

2) The Iraq Trade Bank on 12/01/2019 told us they were doing just that. The suspended loans for the month out to 01/01/20209. Another supporting factor a rate change is expected. 

3) The CBI shows large out put of money allocations over this last year of about 6-7 million a month for currency printing.  As of 3-60 days ago the CBI shows a very large increase in allocations as much as 3-4x as much per month over a two month period. The take away there is minting coins is more expensive than paper printing. This too supports a rate change is to come. imo A strong one too. imo.

4) There was a recent Debt payment of $20 billion that was paid. Thus, a clue as to how high a rate change could be supported. Less debt = more value, imo.. A supporting piece of the puzzle as well.

5) ISX is said to be shutting down and purportedly to be international and opening with NASDAQ 01/02/2019.. ISX has rules on value of shares when opening. Sub penny stocks to make muster. If true, it is another supporting slice of pie.

6) The Iraq Trade Bank in Saudi Arabia is and or has been on record of suggesting they'll open now early next year. Per Delta that is a recent change. imo

7) The Citizens are not shutting down from their demands and they mean business too.

8) USA showed up and is helping in that regard.

9 The CBI has a board of directors for Monetary Policy produce a video that orders the CBI to finish monetary reforms and they accepted those orders. A very BIG clue they are going to increase the exchange rate. In fact, the translation per Delta talks of coins.. That is another massive supporting piece of evidence from the horses mouth.

10) From my understanding there may have been recent contact directly from Dr. Shabibi over the prior couple weeks. If true, then another slice is on the plate.

11) Delta posted articles from the past defining the process and when the process is likely to play out. A rate change is only once a year and around the end or first part of the fiscal year. I posted it as early as a few days ago too.. imo  So the rumor that this could go out to March, per the CBI is unfounded and recklessness."""" I know that rumor is not from anyone in this thread!!!! """"

So with all that said. I am fairly confident there is nothing supporting there is anything from the CBI stating they are going to postpone or delay this process. Kuwait has nothing to do with what we are dealing with. If that was the case their would be data from the CBI on the matter. A change in Fiscal Policy would have been talked about by now. imo Personally, we are in one heck of a window, imo! Peace... ~ MM

"2)
The draft annual budget law will be determined by the Council of Ministers and will be
submitted by the Minister of Finance by October 10th to the body vested with national
legislative authority for approval or adjustment pursuant to Article 33(C) of the TAL."

Frank26 and KTFA Members Friday PM 12-20-19

KTFA:

Happy Birthday Frank from the Dinar Recaps Team!!!

Frank26:  IT’S MY BIRTHDAY ........... SO I WISH TO SAY ON THIS DAY :

THANK YOU DR MUHAMMAD SALIH FOR YOUR TESTIMONY TODAY............ I LOVE YOU TOO ....... LOLOLOLOLOL!!!

MY KTFA FAMILY ........... DON961/DELTA/ALL TEAMS/CLARE ARE SOON TO PRESENT YOU A GIFT...,,.. PLEASE ENJOY (smile)   PS ....... IT’S FOR YOU TOO  INTERNET

IF YOU RECALL WE SAID THAT PICTURES AND DESCRIPTIONS WOULD COME OUT FROM THE CBI ALONG WITH THE HISTORY OF THE WHOLE MONETARY REFORM PROCESS SO THE CITIZENS WOULD UNDERSTAND WHAT JUST HAPPENED TO THEIR CURRENCY.

I AM NOT GOING TO RELEASE THE INFORMATION YET, PREMIUM TOMORROW WILL HAVE OUR STUDY AND THEN EVERYONE ELSE ON MONDAY LIVESTREAM BROADCAST.

GOD BLESS YOU ALL……FRANK26

Don961:  The presidencies confirm the importance of strategic partnership with Washington

Friday 20 December 2019

Baghdad / Al-Sabah 

The three presidencies, the Republic, the Cabinet, and Representatives drew attention to the importance of international support for Iraq and the completion of the victory against terrorism, stressing the strategic partnership with the United States of America, support for Iraq and its constitutional institutions, and respect for its sovereignty, while the US Undersecretary of State for Political Affairs David Hill expressed his country's wishes that Choose an Iraqi government with a pure national decision that meets popular requirements.

A presidential statement, which was received by Al-Sabah, stated that President Barham Salih received US Deputy Secretary of State David Hill and Washington's ambassador to Baghdad Matthew Toller.

"The United States supports the stability and security of Iraq and realizes the aspirations of its people to live in peace, freedom and respect for sovereignty," Hill said.

For his part, President of the Republic Barham Salih pointed out, "the importance of international support to Iraq and the completion of the victory against terrorism," stressing that "solutions to the current conditions will be in response to the Iraqi national decision away from external interference."

According to the statement of the presidency, during the meeting, they discussed "strengthening relations between the two countries, developing prospects for cooperation and joint coordination in a manner that serves mutual interests, as well as a review of the latest developments on the regional and international arenas."

During his meeting with the US Undersecretary of State for Political Affairs, resigned Prime Minister Adel Abdul Mahdi discussed "the relations of partnership and cooperation between the two countries, and listening to the vision of Iraq regarding the recent developments in Iraq and the region, as well as the vision of the United States of America regarding it." 

Abdul-Mahdi stressed, "The strategic partnership, support of Iraq and its constitutional institutions, and respect for its sovereignty," pointing to "his policy in building good relations with all neighboring countries, partners, and international friends, the importance of relations between the two countries and continuing cooperation in all fields and combating terrorism."

Upon receiving the American official, Speaker of Parliament Muhammad Al-Halbousi discussed "bilateral relations between the two countries, and the continuation of joint cooperation in all fields, in a manner that serves the interests of the two friendly countries. The meeting also discussed efforts to combat terrorism, eliminate ISIS and combat extremist thought."

Hill stressed, according to the statement, "the continued partnership and support of his country for Iraq, and the need to respect its sovereignty and strive to be a safe, strong and stable country."

For his part, the Speaker of Parliament stressed, "the importance of continuing international support for the reconstruction efforts, returning the displaced to their areas and achieving stability."

In the same context, the Assistant US Secretary of State for Political Affairs affirmed that his country is "keen to work with Iraq to reconstruct it, return the displaced, expand the horizons of economic cooperation and investment opportunities, and ensure the stability of Iraq and the well-being of its people," hoping that "an Iraqi government will be chosen with a pure national decision that meets popular requirements" .    LINK

Don961:  The internalization of the employees ’salaries, internal, keeps the money tracks

Friday 20 December 2019

Baghdad / Al-Sabah 

 A number of specialists in the economic affairs emphasized the importance of the Ministry of Interior’s initiation of localization of the salaries of its employees, by adopting advanced electronic payment mechanisms that limit all cases of fraud that accompany the salaries of the employees of the ministry, and also contribute to high flow in the money paths without complication or confusion, as well as expanding the culture of Online payment within the community.

Concerning the economic affairs, Haider Kazem Al-Baghdadi stressed that "salary settlement is accompanied by a set of facilities that must be provided by the banks concerned with this process, and here the beneficiary will have several options that stand at the most appropriate of them, but more importantly, the salaries of the ministry will reach those who are entitled to them without any confusion. Or rig. "

 Encourage competition

He pointed to the importance of heading towards banks that adopt advanced technology and easy work mechanisms and can get the service from the nearest place, and this encourages banks to compete in order to provide the best to the citizen, as the development of payments leads to the development of the reality of cash dealings in the country.

 Salary distribution

In turn, the financial affairs specialist Ghazi Al-Kinani said that "the shift towards electronic transactions is very important, and that the entry of security joints into the electronic service department ends the confusion that accompanies the distribution of salaries in their monetary form, where we find local companies that managed to advance electronic payment within the country 10 years ago, and today There are governmental and private banks competing to win the confidence of the public. "

He added that "the trend towards electronic payment must be accompanied by a set of advanced financial services approved in the countries of the developed world, and here it is necessary to choose the best in services, in order to enhance the spirit of competition among all the banks that entered the salary localization joint, and that the competition creates financial products Benefiting the beneficiary and the national economy. "

 Wide slice

Raghad Nabil Al-Alusi, concerned with economic affairs, stressed "the need for Iraq to have the best advanced electronic payment systems that provide the service to the citizen wherever he goes," stressing that "we must actually move from monetary transactions to electronic", pointing out that "the Ministry of Interior directs towards the settlement of salaries An important step creates a culture of electronic dealing for a wide segment of society, and transfers the reality of financial transactions to advanced stages that rise to globalization.

 All associate

Interior Minister Dr. Yassin Taher Al-Yasiri recently approved the settlement of the salaries of employees of the ministry.

A statement quoted by the minister as saying that "the employees of the Ministry of the Interior have made great sacrifices over the past years in order for the Iraqi people to enjoy security and peace", pointing out that "a number of banks have been contracted out by the central bank to settle the salaries of all workers in this ministry." , Pointing out that the work will start after issuing the electronic cards and granting them to our affiliates.

Al-Yasiri explained that "the resettlement procedure came after organizing a number of meetings with officials and holding a conference in the General Secretariat of the Council of Ministers," noting that "the banks that were contracted with are the Rafidain and Rashid and international and international development and the Iraqi civil and southern Islamic and the Islamic world."

The Rafidain Bank announced that the employees of the endemic Ministry of the Interior would include their salaries with advances and loans, and only those who hold a Master Card from the bank.

A statement issued by the bank said, "Al-Sabah" received a copy of it that "employees of the Ministry of Interior, when choosing the Rafidain Bank to localize their salaries and obtain an electronic card, are covered by the loans and advances granted by the bank."    LINK

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Samson:  The World Bank: $ 55 trillion in emerging market debt

12/19/2019 22:34

A World Bank report revealed today, Thursday, the rise in emerging market debt rates to 55 trillion dollars by the end of last year.

According to the report, the ratio of emerging market debt to gross domestic product was about 170 percent, and an increase rate of 54 percent over the past eight years.

The report said, China is responsible for most of this increase, as it contributed $ 20 trillion to the rise in debt, noting that the size of Chinese debt has increased since 2010 from 72 percent to 255 percent in relation to GDP.

The report warned that in the event that these economies are exposed to sudden global crises or high interest rates, stressing that the matter will lead to financial crises.    LINK

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Samson:  Al-Fath: The President of the Republic will announce the name of the candidate for prime minister next Sunday morning

17:27 - 19/12/2019

The Al-Fateh Alliance confirmed, on Thursday, that the President of the Republic will announce the name nominated for the formation of the government on Sunday morning from the names before him, indicating that the constitutional period has ended today and the Federal Court has cut off the official holidays from the constitutional terms.

Al-Fath Muhammad Karim told Al-Maalouma that "the political blocs presented several names that were brought up before the President of the Republic and the ball is now in Barham Salih Stadium to choose one of them."

He added that "the constitutional period ended today, Thursday," noting that "the Federal Court was inquired and confirmed that the holidays are cut off from the constitutional periods, which means that the President of the Republic will announce the name of the candidate on Sunday morning."

He explained that "the President of the Republic discusses, on Friday and Saturday, with the political blocs, the proposition of a figure that has the greatest acceptance and approval of the political blocs", stressing that "the name will be presented by the President of the Republic on Sunday morning."  LINK

Frank26 Video and KTFA Members Wednesday Night 12-18-19

KTFA:

Frank26:   GREETINGS FAMILY:

BY NOW YOU KNOW ..........EVEN THE NEWBIES...........THAT I DO THINGS WITH A PURPOSE AND NEVER ON PURPOSE.

LAST NIGHT AS WE CLOSED OUR UB2B I GAVE YOU FF77'S OPINION ABOUT THE BUDGET.  HE EXPRESSED THAT HIS BANK FRIEND FEELS THAT THERE IS A NEED OF 2 MONTHS TO FURTHER STUDY THE 2020 BUDGET AND THEN WE WOULD SEE A RATE.  

THEN I SAID TO YOU FAMILY...........I WISH TO SEE WHO IS SERIOUSLY STUDYING WITH ME .  

THEN THIS MORNING I SEE TWO OR THREE THAT DID WHAT I WAS HOPING ............THEY WOULD NOT DO.

THEY LOST THEIR DISCIPLINE IN THEIR STUDY AND THREW UP THEIR ARMS AS THEY THREW UP WITH DISGUST IMAGINING THAT IT WOULD TAKE UNTIL MARCH.  

TONIGHT ON OUR UB2B I WILL PICK UP FROM WHERE I LEFT OFF IN READING FF77'S REPORT...........BECAUSE I STOPPED SHORT OF READING IT ALL TO YOU.........FOR A PURPOSE.

I TOLD YOU I WOULD DO A Q&A TONIGHT FOR EVERYONE...........BUT FIRST WE START OUT BY FINISHING THE READING OF FF77'S REPORT.  YOU SEE............MY FF'S WERE WRONG ABOUT DADDY/TROOPS............THEY WERE WRONG ABOUT NAMES FOR A PM..........AND IMO..........TWO OR THREE TODAY WERE WRONG TO ASSUME THAT I HAVE CHANGED THE DIRECTION OF OUR STUDY.  

SEE YOU TONIGHT ON OUR UB2B AT 7PM EST TO CONTINUE TO STUDY WITH THE SERIOUS.  BTW..........I'M IN THE MOOD TO OPEN A NEW FILE CALLED ..........."THE SUPPLEMENTAL BUDGET"...........SWEET ALOHA........F26

Frank26:  12-18-19.......I CALLED IT A TEST

https://www.youtube.com/watch?v=nfzJBr-3pOk

JJimmyJJ:  Just a thought, in my opinion:

Iobey reminded us earlier today that the banks of Iraq have stopped issuing loans for the entire month of December. Frank and Delta had a long discussion about some possible reasons for it in a Monday conference call.

Here is another possible reason. If you are the Iraqi banks and the CBI, you don't want speculators borrowing dinar from the bank and holding it until the RI happens (maybe at the end of December?). Or, in stock market parlance, the banks don't want people investing in a possible rate change on margin. 

Anyway, something to think about.

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The Snod:  Been watching this for 9 years.  I don’t remember information falling like it has the last 2.  It’s not healthy to look to hard at $.  It can morph into an idol the more you stare at it; however, the banks shutting down for a month are one of the more interesting events I’ve witnessed here.  

Notice, in the video that surfaced recently about the 000 project, he said it was also about accounting.  The old articles from Saleh that Delta posted were about the necessity of year end accounting.

Now, the banks are shutting down to adjust their accounting practice.  Could you imagine re- opening in January and nothing really changed?  It’s like Iraqi banks collaborated and decided they wanted to lose $ for 1/12 of the year.  

Something is up and I haven’t even touched on many of the other good signs we’ve seen recently.  There’s no point in anyone questioning or being concerned about this.  

Only if we get to the end of January and nothing substantial has happened will I start to ask myself another set of questions.....  

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GFulcher66:  IMO everyone watching Iraq in regards to the timing of this happening are mistaken. They did not take their $ away from themselves and they dont have the power to give it back to themselves.  It will happen when the (PTB, Fab4, UN/IMF.USA/BIS) etc say to despite anything going on good or bad in their gov. or anything else inside Iraq's border.

Its good to see the puppets progressing but the puppet masters control the timing as this is one brick in a bigger currency and debt restructuring. Thank God Trump is handling this transition instead of a globalist puppet!!!

US state dept, UST Steven Munichin, Ivanka Trump and Lindsay Grahm were at the DOWA accord the past weekend. Now that is relative to our wait imo... looks great for SOOM IMO

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MilitiaMan:  I haven't changed my mind that our time frame in our study hasn't changed at all. In fact, never wavered... imo... The time frame we have all or many of us have been eyeing, is still fully in effect. The orders were given to and accepted by the CBI. So even with a supplemental budget, the "other needs" will be sorted prior too being needed... imo... Hence a rate change precedes the need for a supplemental budget... imo ~ MM

Monday Night CC and KTFA Members "News and Views" Tuesday 12-17-19

KTFA:

Frank and Delta Monday Night CC 12-16-19

PLAYBACK : 605.313.5163    PIN: 156996#

https://fccdl.in/nL4Intbu6R

Rommy:  WOW!!!  If you have not listened to MCC you need to!!!

Popeye7:  You got that right Rommy... Thanks to Frank, and Delta for elaborating on the video the CBI released... Delta, thanks so much for interpreting it... Loved the part that indicated that there is nothing left to do... But to "Just Do It!"...  The info was off the charts, and only served to solidify all that has been taught by Frank, and the teams... Appreciate you folks... Fantastic job!

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Samson:  Kurdistan Region announces the Christmas holidays

17th December, 2019
The Kurdistan Regional Government announced on Tuesday the suspension of official working hours in government departments and institutions for 11 days on the occasion of Christmas and the birth of Christ.

The spokesman for the regional government, Gottiar Adel, said in a statement today that the New Year's holiday begins on Wednesday, 25/12/2019, to Saturday, 4/1/2020.

The spokesman explained that on Sunday, 5/1/2020, the official working hours will be resumed.

LINK

2Cents:   Perfect!!!!!......Let's hope that the country and particularly the ISX follows the same.....

We always watched for a potential Friday to educate the Citizens in the mosque.........Now, we are potentially looking at them effectively having two Fridays to do so...........What a potential end game plan......

What's more, based on logic and the current date, in addition to WS comments, IMO it looks like RD/RV/RI may very well occur simultaneously......

IMO, looks like another Christmas will pass without RD/RV nor RI but 2020 may very well start out with a bang(at least for us by 1/6).......

Thanks DELTA for breaking down the video on the CC.....I have waited for more than 10 years to hear someone from the CBI say that the Delete the Zeros project will not affect deposits in banks when the currencies coexist........I hope ALL realize the importance of this statement!!!

Samson:  Khalaf: The Iraqi banking sector has a rich experience

16th December, 2019

A member of the Board of Directors of the Union of Arab Banks, Chairman of the Board of the Development Bank, Ziyad Khalaf, announced that the Iraqi banking sector has a rich experience that made it exceed the political and security conditions and fluctuations

 Khalaf said in his speech at the Arab Banking Conference that was held in Cairo, "This conference is taking place under difficult exceptional circumstances that the entire region is going through, especially in the countries of Iraq and Lebanon, and that this conference is of great importance as it is taking place on the margins of these conditions and their economic and financial implications in order to address the resulting effects And the implications of the reality and course of our Arab banking sector

He added that the current conditions require us to exert all our efforts to set a road map aimed at mitigating the effects of the expected shocks that will be resolved in the economies of our countries as a matter of national and professional responsibility.

Nationalism and the widening of the phenomenon of unemployment, so these circumstances require our banks to adopt conservative policies and strategies in the field of credit and lending, in addition to activating the roles of oversight departments in a significant way, and that contributes to reading the economic situation and To Mali correctly and take the necessary measures and measures to activate contingency plans and alternative plans to ensure the continuity of the banking business and meet customer requests

He stressed that the political conflicts and the security instability experienced by a number of Arab countries, including my own, Iraq are a result of the deteriorating and critical economic conditions that many Arab societies, particularly the youth group, suffer from, as 30 million Arab citizens are below the poverty line and the unemployment rate in the Arab world. It is 10% versus 5% globally

He pointed out that banking in and of itself, regardless of time and place, necessarily implies risks, challenges and anxiety, in order to objectively link to capital investments, which are characterized by an absolute sensitivity to political, economic and security fluctuations

And that the reality of the banking sector in Iraq and its rich experience through its confrontation with these conditions and political and security fluctuations and over the course of five decades where the banking sector went through many and various throats and was able to overcome them wisely and knowledgeable of the Iraqi banking leaders and cooperation with the Central Bank of Iraq, and

despite the conditions and challenges that the banking sector faced, it was able Out of its contract and its effects and what helped achieve its successes is the strength, durability and toughness of the Iraqi economy and the possessions it possesses great and well-known resources that it is hoped that it will be invested and managed properly during the next stage

He added that the skill of the banking leadership with inspiration and implementation of international banking standards issued by international banking institutions and follow-up to the periodic reports of the World Bank for Iraq made them overcome many difficulties, especially after legislation supportive, guaranteeing and immune to proper banking work, most notably the Anti-Money Laundering and the Financing of Terrorism Law, and other laws and instructions And the required standards

Khalaf expressed his optimism about correcting the track and adopting the necessary reform programs to boost the economy and achieve the necessary economic development, as a result of the popular movement. 

A bright future awaits Iraq in particular, and the Arab world as a whole, with its great wealth requirements and the broad need to rebuild and rebuild with huge and massive investments

LINK

MilitiaMan:  So the popular movement has had an effect that in the end sped the process up imo. All the while the Central Bank has been working in the background knowing their wealth is massive!

They have met international standards and worked along side international institutions along the way. It looks as though the implications of their successes will be support for the next phase while the reconstruction efforts begin.

That next phase is where the real market economy gets off to a glorious start like the old days!!

The old days where the currency was valued at far higher valuation!!

Imo Thw CBI interview that Delta and Frank shared tonight should make us all realize this article is supportive of that interview!

As a new international rate is required for the next phase. They are effectively stating they are ready now and it looks like it is more and more public now!! Imo -MM 

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Don961:  Iraqi Trade Bank wins an international award

21:53 Monday 16 December 2019

The Iraqi Bank of Trade TBI won three awards for excellence from the famous "The Banker's" magazine, London.  LINK  

Militiaman:  More international branches? All the awards should be backed by a strong currency, not one with a program rate that is not internationally accepted. Imo - MM

Samson:  Iraq pays 20 billion dollars of its external debt

17th December, 2019

The Finance Committee announced, on Tuesday, the payment of more than $ 20 billion of the size of external debt owed by Iraq

The head of the committee, Haitham al-Jubouri, said in an interview with the official Iraqi News Agency "conscious" that "the external debts still on Iraq are 27 billion dollars and 41 billion dollars for Saudi Arabia are not recognized, because they were debts given to the former regime president during the Iran-Iraq war
 
He added that "the debts on Iraq were more than 50 billion dollars, more than 20 billion dollars was paid during the last period   LINK

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Samson:  Economist: The budget deficit will cost Iraq big debts

09:17 - 17/12/2019

The economist, Bassem Jamil Antoine, confirmed on Tuesday that the budget deficit will cost Iraq big debts due to the loans that he will go to in order to bridge the deficit, pointing out that random appointments will burden the budget and force governments to go toward internal and external loans.

Antoine said in a statement to "The Information", that "the deficit is not new to the budget, as meeting this need is by resorting to internal and external loans." He added that "Iraq has one source to supplement the budget through oil and gas rents, in addition to taxes and fees and cannot be loaded more than its capacity."

He explained that "borrowing will constitute a huge burden on budgets, despite achieving a financial surplus at the end of the year, because of the failure to spend the amounts according to the plans prepared for the projects."

He pointed out that "reducing the salaries of the presidencies will provide a portion of the budget deficit amounts, despite the existence of many random appointments that burden the budget and lead to borrowing to meet the financial need, as Iraq has paid nearly $ 130 billion in addition to the benefits of these loans."    LINK

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Don961:   FROM THE ARCHIVES ... 2016 ... SEEMS THEY'VE BEEN COOKING THE SOUP FOR A GOOD WHILE ... TO GET IT JUST RIGHT TO PRESENT AND SERVE .. 

Raise the three zeros from the Iraqi currency and the interim evaluation

Sunday 20 November 2016 - 04:54

Amer Al-Abadi

 The value of the Iraqi dinar appeared at the value of (7) grams of gold at the beginning of its issuance according to the issuance law in the year 1931, and in 1959 a new law was issued for the Iraqi national currency and the Iraqi monetary and banking system continued to develop, and the Iraqi dinar value reached (3.3) dollars until the beginning of the war With Iran, which led to a major collapse in the Iraqi currency 

in 2004, the former Governing Council replaced the previous currency, which was symbolizing the previous regime, with a new currency that is currently in circulation and dealings in a currency of seven categories: 50, 250, 500, 1000, 10,000, and 25,000 dinars.

Unlike the Arab countries, there has been no coins in Iraq for nearly 25 years. 

The project to delete the three zeros was scheduled in 2011 and was not completed and then postponed to 2013..and then postponed to the year 2015..Now it is planned to implement the plan early in 2017

Note that the process of deleting the zeros occurred in several countries. Three zeros from the Zimbabwe dollar were deleted in 2006, and Romania deleted four zeros from its currency in 2005. Bolivia deleted three zeros from its currency in 2008. Turkey has written off six zeros from its currency in 2005. Sudan has removed two zeros from its currency in 2007

and the central bank director Mehdi Al-Alaq said: "The central bank started the first steps of the project by choosing designs, companies and the country in which the currencies will be printed." He pointed out that "the introduction of the new currency does not mean the destruction of old currencies, but will continue to circulate for about ten years," noting that "this period will enable the central bank to withdraw the old currency according to the dynamics known to preserve liquidity in the market."

Justification for the replacement process

1. The presence of its value of 30 trillion dinars, a large cash block with a number of 4 billion notes  

2. Currently, the largest cash category is 25 thousand dinars, equivalent to approximately $ 21, and this requires a large size and effort to settle daily transactions. Therefore, the amounts that exceed its value of more than 20 million are made in dollars.

3. The presence of a large percentage of the currency damage, especially the small classes, and its unacceptability in circulation, which makes up about one third of the monetary block. 

4. The difficulty of performing calculations in light of numbers that exceed the number of zeros in excess of 14 zero in practical and technical terms, and the probability of the error occurring, whether by adding or removing it.

Benefits of the replacement process

1. Security .. reduces the risk of carrying large sums.

2. The costs of counting, sorting, and checking will decrease. If larger categories are issued . If 

3. Raising zeros will create a psychological impact for the citizen by strengthening his currency and adopting it more broadly instead of foreign currency.   

4. Including the Iraqi dinar in the global currency basket and dealing in it officially in the world's stock and financial markets. 1. The emergence of an arithmetical problem between old and new numbers in transactions and in reading and managing figures in trillion ..

5. The possibility of concluding economic agreements to deal in the national currency, and this will cover a very large part of the foreign transfers, which are a waste of the national wealth from hard currencies.

6. The manipulation of the currency exchange market will be eliminated

7. The corrupt business will be stopped from suspicious banks, their agents and brokers

8. A higher ceiling will be set for the amounts transferred abroad from the active exchange currency to ensure that the currency is not smuggled.

9. Currency change affects the psychological aspect of wanting a currency with a high exchange rate. This rise introduces the joy of returning the dinar to its rich past.

Disadvantages of the exchange process: 

2. The need to print large categories 

3. The foreign stocks of the stock market will drop to 20% because the foreign investor believes that a currency change will reduce profits. 

4. Striking out three zeros from the coin may contribute to creating a state of monetary illusion  

5. It will cost the state budget large sums, in addition to being a door of financial corruption, in addition to not addressing the problem of financial inflation because the Iraqi market is importing all goods and services from abroad, which means depleting hard currencies.

6. There are no official data on the cost of Iraqi banknotes. Note that the cost of the banknote in Britain is 7 US cents. It suffices, then, to know the number of cards in circulation to give an idea of ​​the total cost. 8. Add to that another sum for minting coins, not to mention the funds needed to counter the consequences of deleting zeros as substituting for postage and financial stamps. 9. Feeling of poverty: Deleting the zeros leads to one feeling of poverty. He who has ten million dinars has only ten thousand of them 10. Expect high prices.

7. Four billion sheets. Thus, the cost of printing it becomes 289 million dollars. This amount is useless 

11. In front of the imperative of introducing the Kurdish language to the first version of the currency after the entry into force of the new constitution, it is necessary to benefit from the experiences of other currencies. For example, the euro is the currency of many nations in Europe, but there is no language in it but only symbols, numbers and pictures.

 Amer Al-Abadi

  11/15/2016    LINK

Frank26 Video and more Monday Pm "Iran is Small" 12-16-19

KTFA:

Frank26:   12-16-19.... IRAN IS SMALL

THIS WHOLE CC IS IN FRANK'S OPINION ONLY!

F26:  GREETINGS FAMILY…..TONIGHT IS OUR ADVERTISERS & IQD UPDATE CC. 

THE CALL WILL BEGIN PROMPTLY AT 7PM EST. 

THE FORMAT FOR OUR CALLS WILL NOW BE:

7PM OPENING PRAYER AND SHOFAR

IQD UPDATES 

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https://www.youtube.com/watch?v=x9KHqsl7U5Q&feature=youtu.be

Samson:  Kurdistan Finance issued a table to pay the salaries of employees

15th December, 2019

The Ministry of Finance and Economy of the Kurdistan Regional Government announced today, Sunday, a schedule of salaries for employees of all the remaining ministries.

The salaries of last September will be disbursed to the employees as follows:

Monday 16/12  The Ministry of Labour and Social Affairs, Supreme Judicial Council, People with special needs

Tuesday 12/17  Natural Resources, Endowments and religious affairs, Higher education and scientific research

Wednesday 12/18  The interior, Asayish Council and Foundation, Zirvani's forces, Emergency and defense, General Directorate of Nationality, Police facilities protection oil

Thursday 12/19  Municipalities and tourism, Transportation, Electricity, Planning, Agriculture, Human Rights Commission, Integrity Commission, Investment Authority, Environment Agency, Mine Corporation, Kurdistan regions outside the administration of the region, Office of Financial Supervision, Electoral Commission

Sunday 22/12  Ages, Culture and youth, Trade and Industry, Territory Presidency, Presidency of the Council of Ministers, Parliament Presidency, Military retirees

Monday 12/23  Civil retirees    LINK

2Cents:  This says it all as to the potential over the next week, IMO........My bet is that the ISX will trade through the 23rd and resume on the 2nd........Our window looks to be narrowed.......IMO

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Samson:  Economist: Iraq achieved about 90 trillion dinars in oil export revenues for 2019

18:55 - 15/12/2019

Economic expert Majid Al-Suri announced, on Sunday, that Iraq achieved revenues from oil exports for 2019 of about 90 trillion dinars, stressing that those revenues did not cover the deficit in the budget for the current year.

Al-Suri told Al-Maaluma that "the estimated deficit in the 2019 budget is my guess, and it is hoped that part of it will be blocked in case oil exports or the price of a barrel rise."

He added that "the price of the barrel remained volatile and the oil quantities approved in the budget did not exceed the ceiling and most months did not reach what was set," noting that "the slight rise in oil prices from what was specified in the budget did not fill the deficit."

He explained that "the total oil revenue achieved by Iraq during the current year ranges between 80 to 86 billion dollars, or approximately 90 trillion dinars."   LINK

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Samson:  Parliamentary Finance: The 2020 budget deficit exceeds 48 trillion dinars

16th December, 2019

The Parliamentary Finance Committee revealed, on Monday, that the budget deficit of 2020 exceeds 48 trillion dinars, indicating that operating expenses are beginning to expand at the expense of investment

The official newspaper, Al-Sabah, quoted the committee’s decision, Ahmed Al-Saffar, that “the Financial Management Law obliges the government to send the draft budget law to Parliament on October 10 of each year, but the budget for the coming year is late due to the demonstrations and accelerated events in the country. This led to the resignation of the government and the transformation of the government into the conduct of business," noting that "the government is proceeding with the implementation of the draft budget at a rate of 12/1 for the first three months of next year
 
He added that "the size of the budget for the next year 2020 is estimated at about 162 trillion dinars in general expenses, and revenues amounting to 114 trillion dinars," noting that "there will be a large deficit of up to 48 trillion dinars
 
He explained that "operating expenses have begun to expand at the expense of investment due to increased expenditures, especially on job grades and the launch of financial grants for the unemployed

LINK

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Samson:  The US Secretary of Defense expresses his concern that some facilities have been bombed in Iraq

16th December, 2019

US Defense Secretary Mark Esper has expressed his concern that some facilities have been bombed in Iraq.

A statement on the office of the resigned Prime Minister, Adel Abdel Mahdi, received by Al-Akhbariya, a copy of which was received, that the latter "received a phone call from the US Secretary of Defense Mark Esper, dealing with the continued cooperation between the two countries against terrorism and supporting the efforts of the joint forces to pursue ISIS remnants and maintain security and stability throughout Iraq".

He added that "the American minister expressed his concern that some installations were subjected to bombing and the need to take measures to stop this. The Prime Minister also expressed his concern for these developments and demanded that serious efforts be made with everyone to prevent escalation that would threaten all parties, and that any weakening of the government and the state Iraqi will be conducive to escalation and chaos."

The statement quoted Abdul-Mahdi as saying, "Taking unilateral decisions will have negative reactions that are difficult to control and threaten the security, sovereignty and independence of Iraq."

KTFA, Frank26, Bluwolf, SRU and more Late Saturday Night 12-14-19

KTFA:

Samson:  Protesters tried to burn the home of the candidate for prime minister in southern Iraq

14th December, 2019

Angry protesters tried this evening, Saturday, to set fire to the house of Member of Parliament, Mohamed Shiaa Al-Sudani, in Maysan Governorate, southern Iraq.

Security sources said to Shafak News, that protesters came to the Sudanese house in the Al-Hussein neighborhood of Al-Amara city and tried to burn it, but they withdrew for unknown reasons.

The sources added that the security forces have reinforced their presence around the house to prevent any attempt to burn it. The sources added that the house is empty and no one lives because the Sudanese lives with his family in the capital, Baghdad.

And there were demonstrations in several Iraqi provinces against what was reported by an agreement between political forces on the nomination of the leader of the Dawa Party, Mohamed Shi'a Al-Sudani, to succeed the resigned Prime Minister Adel Abdul-Mahdi.

Protesters confirmed their refusal to nominate the Sudanese, who held several ministerial positions in previous governments, to head the next government. Activists on social media circulated marches in the Tahrir Square in central Baghdad, Basra, Babil, Diwaniya and other areas against the candidacy of the Sudanese.

Al-Sudani announced in his tweet on Friday his resignation from the Dawa Party and from the "State of Law coalition" led by former Prime Minister Nuri al-Maliki, and confirmed that he is not "a candidate by any party."   LINK

Frank26:   12-14-19......USA/SA/IRAN

https://www.youtube.com/watch?v=maMuXv1vjw0

"From a Higher Source" - from Bluwolf, emailed to Recaps

As I pray I got this message for all to hear. " It is time for all to make your vows with the Lord be it in private or be it in public. Vow to do good by mankind and all shall receive His blessings from above for you and for your generations to come." Amen, Be forever happy.

Bluwolf

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Courtesy of Dinar Guru:

Frank26 & Walkingstick  ...IMO we know it's a 1 to 1 rate because they told us and we have the articles to prove it. But [Guru] Walkingstick said, 'don't be surprised.  They said 1 to 1 but it could be higher.'...

Frank26    ...1 to 1 is not realistic.  This is the first time I mention it to anybody...I don't worry about the rate.  I don't think a program rate is enough to fulfill the budget.  I also now don't think 1 to 1 is enough.  Especially with the recalculations...

TNT:

NWMontana:  Well..They don't want him! Iraqi Protesters Burn House of Premiership CandidateAngry Iraqi protesters on Saturday set fire to the house of the candidate for the country's premiership, a report said. The incident occurred in the city of Ammara in Missan province, where the demonstrators raided the house of Mohammed Shia al-Sudani and set it on fire, Shafaq News reported..~ http://www.basnews.com/index.php/en/news/iraq/567324

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Tishwash:  Harb: The constitutional deadline expires tomorrow and proposals for the candidate's decision within 48 hours

The legal expert, Tariq Harb, confirmed that the constitutional deadline of 15 days for assigning a new prime minister has not expired yet, while at the same time he indicated to Al-Mirbad that he had confirmed information about the president’s intention to present a candidate for prime minister within hours.

Harb made it clear that the deadline is counted from the date of the resignation offer in the House of Representatives and approval.

This, and the House of Representatives voted, in its extraordinary session held on the first of December this year, to accept the resignation of Adel Abdul Mahdi from his position as Prime Minister  link

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Tishwsh:  The President Of The Republic Arrives In Sulaymaniyah To Complete The Formation Of The Government

Barham Saleh, President of the Republic, arrived in Sulaymaniyah, one of the governorates of the Kurdistan region of Iraq, for the purpose of completing consultations to form the new government.

 And it was confirmed to the independent from its informed sources, that the President of the Republic had arrived earlier in the Sulaymaniyah Governorate for the purpose of meeting with a number of parties concerned with Iraqi affairs.

The President of the Republic has a deadline until December 19 for the purpose of arriving at a cheap and agreed upon designation whose task is to form a transitional government with specific powers.

Political and media circles deliberate the name of the former minister and the current deputy, " Mohamed Shiaa Al-Sudani ", as a candidate supported by the Al-Fateh bloc and the rule of law, to fill the post of prime minister during the transitional period.

The Saeron Bloc had sent an open letter to the President of the Republic, according to which he held him responsible for assigning a candidate for the position of Prime Minister of the people’s choice, and not “rotation”.   link

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Economic Collapse News - The Fed's Half a Trillion In Liquidity, Retail Sales Freeze Holiday Season

Silver report Uncut:  Dec 14, 2019

Economic collapse news December 14, 2019. First we look at the feds recent statement that they are initiating $500 billion dollars in new liquidity provisions.

 This is a much larger sum than QE1 and according to the Federal reserve there is no recession in sight. Next we look at November retail sales have surprisingly stalled.

 My issue with this is just last week they were explaining to us that online black Friday sales had reached an all time record along with cyber Monday.

All together you can't take anything away from online sales but we point to the stalled overall retail sales meaning between the two to reach an average of basically unchanged brick and mortar retail sales had a crushing black Friday and the holiday shopping season is almost over.

We have stated several time this is a make or break season for many retailers who have debts coming due.

https://youtu.be/yY2S5aFJF8Q?t=2

Frank26 Video "We Were Ordered To Do It" and more Friday Night 12-13-19

KTFA:

Frank26:  12-13-19......WE WERE ORDERED TO DO IT

FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

F26:  IMO about 10 million people in the United States of America have dinars. That's a lot of people.  It's gonna make quite a difference for the economy of the United States of America. 

F26:  What are you going to do after you exchange your dinar? Most will invest and give some to family and friends and they are going to invest and our country is going to explode in a way you cannot imagine…..

F26 IMO our President is in the process of helping the Iraqi dinar join the international world..

https://www.youtube.com/watch?v=qLsRt6OXhwY

Don961:  Withheld money from Iraq ... Baghdad seeks to recover $ 87 billion in 55 countries

- 10 Hours Ago

The Iraqi authorities recently revealed the total value of their debts owed to 55 countries, dating back to before 1990, during the Iraqi invasion of Kuwait, and the economic blockade and international sanctions that it had left over Baghdad. While economists and legal experts emphasize the difficulty of recovering these funds, noting that some of them need courts or settlements that require years to settle them, while others offer other options by replacing them with infrastructure and reconstruction projects.

The Funds Recovery Department at the Integrity Commission estimated the money owed at more than $ 87 billion, pointing out that Iraqi laws authorize the Funds Recovery Fund and the Recoveries Department, which was formed in 2011 at the Integrity Commission, to work to recover them.

And the recovery department indicated, in its statements, that the Iraqi funds, whether they were official or persons related to the previous regime, were frozen abroad by Security Council resolutions 660 and 661 after the invasion of Kuwait.

An Iraqi official told Al-Arabi Al-Jadeed that the value of the funds that were actually confiscated requires understandings, grievances and courts in order to recover them or implement the contract, meaning that the second party implements its obligations towards Iraq, and this matter needs several years of work and effort.

The official added that most of the Iraqi debts arise from European and other countries of the Soviet Union, as well as countries in Latin America, and there are problems in recovering difficult dues, such as those registered in Yugoslavia, which have no effect today.

Among the contracts concluded by Iraq, the contract with Italy at the end of the eighties, to establish a naval war fleet of 11 ships valued at $ 1.35 billion, and the Italian side was delivered value in the form of oil shipments and cash, while Iraq did not receive the ships, and then they were sold by Italian companies Specialized to another party, according to the data of the Department of Integrity in the Integrity Commission, which was published, last Monday, the government newspaper Al-Sabah.

The authority indicated that the Italian side, despite receiving the value of the contract, filed a suit for damage after Iraq in 2003, adding that there is another contract with Spain worth $ 11 million with the Ministry of Industry, to provide Iraq with various industrial materials that were not implemented, and there is an understanding about their willingness To pay the value of the debt in the form of goods for Iraq.

According to the government official who spoke to the "new Arab", "the file as a whole is postponed to the next government and depends on the stability of the Iraqi situation, but several countries like Spain, France and Brazil have expressed their cooperation, and others like Jordan and Lebanon are moving diplomatically with them, while legal procedures are being followed with others." Such as Greece, Pakistan and India. ”

He said: "The file is thorny and not easy, and Iraq is seeking to obtain its right, whether by returning money or implementing what was agreed upon in time or replacing Iraq with dues determined by projects and not by the debtor countries."

He added: “Iraq’s debt to these countries requires long-standing and influential law firms in the West, which are usually found in New York and London. The Adel Abdul Mahdi government (which resigned early December) has not moved in this regard, so we are counting on the next government.

Iraq needs, according to government reports, between 80 to 90 billion dollars to rebuild 180 cities, counties, towns, and districts distributed over the areas invaded by ISIS in northern and western Iraq in mid-2014 and liberated in 2017, while it represents 49 percent of the total The area of ​​the country.

Jamal Cougar, a member of the Finance Committee in Parliament, told Al-Arabi Al-Jadeed that the previous governments, despite their knowledge of the huge debt owed by other countries, have not moved to recover these funds.

Cougar added that "a mini committee was formed earlier within the Finance Committee in Parliament, to follow up the file and limit the actual money and dues to Iraq," noting that part of the debts or dues also is Iraqi investments in several countries that were profitable, which are balances, deposits, companies and assets Real estate is different, which means that there are financial accumulations for it.

On the other hand, Mohsen Omar Al-Fadhli, a financial expert and a member of the Baghdad Economists Association, said, "The outstanding debts need a strong government and a great effort to recover them, which is not currently available."

Al-Fadhli added, “Some countries have granted themselves the right to confiscate Iraqi money, such as Saudi Arabia, which confiscated the Iraqi oil pipeline. A floating port was built with Iraqi money, on the pretext of compensating Iraq’s bombing of the capital Riyadh and the occupation of the Khafji Iraqi army. Or Syria, which considered the Assad regime itself harmed by Iraq and confiscated the Iraqi oil pipeline destined for Banias, or Turkey, which placed its hand on several Iraqi investments, and the list goes on. ”

He continued: "These funds would solve the financial crisis in Iraq, or go to end the housing and infrastructure crisis, through settlements with those countries, and we hope to recover the funds despite our knowledge of the difficulty in this negotiation, so there is a need to call experts and officials in the Iraqi regime a year ago. 2003, they are more knowledgeable and experienced than the current government staff in this particular file. ”

According to data issued by the Ministry of Planning, the poverty rate in oil-rich Iraq reached 22.5 percent during the current year 2019, equivalent to 8.6 million people.

New Arab   LINK

Judy, TNT, KTFA, Frank26 and more Thursday Night 12-12-19

Thank you Judy

(Excerpt) Special Restored Republic via a GCR Report as of Dec. 12 2019

Compiled by Judy Byington,

The below was a summary of information from the Internet. It would be up to the individual reader to do their own research and decide whether or not it was valid.

Judy Note: This morning Thurs. 12 Dec. MarkZ said that after four days of deafening silence, now Redemption Center personnel were in place, Zurich was on call at the drop of a hat and his contacts in Iraq felt that we should see something before next Tues. 17 Dec.

Bruce: I’ve been told that it is going down this week and that we have a back wall of Sat. 14 Dec.

Delta: IMO based on what the Central Bank of Iraq told us on the interview, we are waiting for announcement and nothing more.

Bix Weir, RoadToRoota: Alert! The Fed to announce huge Repo (QE4) schedule today 12 Dec. Today is a big day for the Fed. because they are going to announce a mega repo operation over the next month. Last night they again bailed out the banks. Just to survive last night the banks needed $366 billion dollars. It’s the Fed’s job to lie and print money like it’s going out of style.

Evidently there was a high level bank mtg. late Tues. 10 Dec. where bankers were told “It would be a little longer, but we were very, very close.”

Last week it was announced that a date for the Global Currency Reset had been programmed into the Quantum Financial Computer, nothing could change it and when that date came to be, the computer would automatically spit out emails to Currency and Zim Bond buyers worldwide. It would be a daytime event where the 800#s for each country would be released, along with information on how to exchange and redeem.

On Friday 6 Dec. US Attorney General Bill Barr indicted eight people including top witnesses in the Mueller investigation, for illegally funneling foreign money to top Democratic Senators. Leading Democrats were implicated: Hillary Clinton, Adam Schiff, Cory Booker, Ted Lieu, George Nader and Jon Tester.

By Wed. 11 Dec. the World Trade Organization – controller of the fiat global financial system – had lost their legal ability to function, having only five of seven judges needed to hold court. Trump had refused to fill the open slots as part of the Alliance’s overall Plan to bring down the Central Banking System and implement the Global Currency Reset.

President Trump’s ability to revise International Trade Deals was another way to bring down the Cabal and their Central Banking System. It was alleged that US Presidents the Bushes, Clinton and Obama signed Trade Agreements with various countries and then ensured that the US military on bases in those countries guarded Cabal corporation assets as they plundered the countries’ resources. This was one reason why such a big deal was made about Biden (and other political elite’s sons) being placed on corporation boards in China and the Ukraine.

On 22 Nov. President Trump said on Fox and Friends that in the next few weeks names of those charged with Treason, Crimes Against Humanity and Sedition would be made public by the World Court, plus William Barr, John Huber, Rudy Giuliani and the Benghazi investigation reports would be released. (The John Durham investigation on Obama, Clinton and Comey’s ties to Spygate won’t be made public until the Spring of 2020).

On Fri. 13 Dec. Congress would be out of session for Christmas Vacation – giving legal entities the authority to arrest members of Congress charged with major crimes.

Deep State History:

Since the end of World War II when the CIA, IMF, Federal Reserve, IRS, World Bank/US Inc/Queens Bank of London/Vatican Bank/Central Banking System were put together, Satan worshipping Cabal members implemented through use of various mafias and an international Child Sex Trafficking, Drug and Gun running Ring, a Nazi researched Mind Control program on children funded through US Taxpayer dollars and run by the CIA, Royals and Vatican. In a quest for power through Satanic rites of pedophilia, Child Sacrifices and money laundering, the media and global, political and Hollywood elites have been bribed, drugged, extorted and brainwashed into doing the Cabal’s bidding – the very reason for The Plan by the BRICS Alliance, Interpol and White Hats to bring down this Deep State and bring back our freedoms: http://beforeitsnews.com/contributor/pages/243/590/stories.html

A. Dec. 12 2019 Morning Chat with MarkZ: https://www.twitch.tv/theoriginalmarkz

1. After four days of deafening silence, now Redemption Center personnel were in place, Zurich was on call at the drop of a hat and Mark’s contacts in Iraq felt that we should see something before next Tues. 17 Dec.

2. Bank personnel were concerned that we were entering into deflation.

Courtesy of Dinar Chronicles

See Full post here: https://inteldinarchronicles.blogspot.com/2019/12/restored-republic-via-gcr-special_12.html

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TNT:
Harambe: CNBC: US reaches a phase one trade deal with China in principle pending Trump's approval https://www.cnbc.com/2019/12/12/trump-getting-very-close-to-a-big-deal-with-china-they-want-it-and-so-do-we.html?

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Courtesy of Dinar Guru

RVAlready I think [Article] 140 is smoke and CBI is fast tracking the RV. If the protestors do not see the RV soon, things will get uglier for the government.

Jeff I have found something HUGE that no one else has caught on to or noticed. History right now is repeating itself. Article "Parliamentary Finance: Iraq will enter a temporary budget in 2020" Iraq is approving and putting in place a temporary budget...IMO what this temporary budget is gonna do is cover their government operating expenses through Q1. What that does is gives them time to approve the permanent budget that I told you IMO would be implemented Q2...this article right at the end is telling you the reforms are inside the 2020 budget. This is huge...

KTFA:

Radience: Here is some positive news. Fox news is saying the US reaches a Deal in Principal with China. They are waiting for Trump's signature.

Don961: Report: Washington, Beijing agree in principle on partial trade deal

December 12, 2019 11:14 PM

Mubasher : According to a press report, the United States has tentatively reached an agreement with China regarding the first stage of the trade deal

The network "CNBC" quoted unnamed sources on Thursday that the White House had offered to cancel the next round of tariffs on Chinese goods that will come into effect on Sunday

The report added that the United States proposed cutting current tariffs on Chinese products by $ 360 billion

Another report by "Bloomberg" agency also indicated that the United States and China reached an agreement on the partial trade deal in principle and awaiting the approval of President Donald Trump
The report added that Trump is scheduled to meet with top trade advisers later in the day to determine the final position on imposing 15 percent tariffs on Chinese goods worth $ 160 billion

Earlier in the day, US President Donald Trump said that Washington was very close to concluding a trade deal with China

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Samson: Chief energy company chief in the Middle East: Iraq reserves may exceed Saudi Arabia

13:57 - 12/12/2019

The chief of energy companies in the Middle East in the region confirmed that the Iraqi oil reserves have the ability to exceed Saudi Arabia's reserves and that many areas in the country are still unexplored.

And the website of (Arab News) newspaper quoted in his translation of the information / report of the CEO of Al-Hilal Majed Jafar as saying in the first “Salt” conference that, “Despite years of corruption, lack of infrastructure, and the five-year war on ISIS in Iraq, it succeeded. The country is increasing its oil production from 1.5 million barrels per day to 5 million barrels.”

He added in a discussion session on the dynamics of power in the energy sector in Abu Dhabi that "this gives some indications of the reserves potential in Iraq , which I believe can exceed Saudi Arabia," noting that "parts of the country are still unexplored."

He continued, "In order to take advantage of the country's full potential in the energy sector, the investment climate must be improved as a necessary."

The report pointed out that "the oil and gas industry in the Middle East recently abandoned a large amount of market share to its American counterparts," noting that "with the United States becoming one of the largest producers in the world, its economy in terms of GDP will be better." If oil prices are higher, this changes all accounts.”

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Frank26: 12-12-19......MY GOD.....THE BUDGET IS FULL OF STARS

Bix, TNT and KTFA Members Tuesday Afternoon 12-10-19

Bix Weir

Bank Bailouts Hit $362B...Second Highest!

RoadToRoota:  Dec 10, 2019

On Sept 11, 2019 the Banks got attacked by the Good Guys AGAIN!

This time it was in the all important Repo Market and NOW they are on their last legs.

End of Year this time may mean End of Game!

https://youtu.be/ZueMEY5eKKU?t=6

TNT:

Jmtranquil:  As it turns out, the CBI has been telling the citizens since September they are indeed increasing the rate of their Dinar! Confirmed last night via Frank. This thing is about to go!

Cutebwoy:   So now we see article 140 issue coming up again….If article 140 is not implemented this time kiss the RV good bye till mid to late next year these Iraqis are a piece of work they do anything to not complete the process sorry to say…..history has shown everytime the RV is near to completion this article 140 issue comes up its like clockwork and then they debate and debate and nothing then RV process gets pushed out again ......watch if im wrong ...time will tell ..

VinterV:  Hopefully some more Smoke & Mirrors

KaseyKo1:  I think it is smoke & mirrors. Keep in mind that VP Pence just had another conversation with Iraq this past Sunday night. Also, the UN has flat out told them if things don't get done ASAP, they will be put back into Chapter 7. This would certainly be disastrous for Iraq with all they have accomplished to date.

Charlieok:  There were also articles that payments were made per oil revenues within the past several days or weeks (can't remember). I seriously doubt those payments would have been made if the agreement was going to be vetoed. lol. Proving again that "articles out of Iraq" are a joke.

KaseyKo1:  Also, Iraq has put out in the news that their economic reforms were completed, but they were keeping this info from the public until everything was accomplished. They also just put out info that they would be voting on the new PM in the coming days, implying by the end of the week.

KaseyKo1:  Let us also not forget about how Maliki uses his influence with Iran & the media & the shenanigans he's pulled to thwart the RV process.

Yada:  The RV is in riev2019 budget waiting for the release and it will fund the reforms in the 2020 budget. The banks in Iraq are biting at the bit for the CBI to release them after the rate increased. All before 1-1-20

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Courtesy of Dinar Guru:

Gurus Frank26 & Walkingstick    ...the currency of Iraq against the American dollar - the exchange rate is about to go up.  It's now in print!...why do you think Kurdistan is going ape-kaka!  They can't wait to start making money.  It's now in print ladies and gentlemen...the value is changing, they said it! ...It stops short of one thing...the pictures and descriptions of the new small category notes...

KTFA:

Monday Night CC with frank, Delta and Walkingstick  12-9-19

PLAYBACK : 605.313.5163 PIN: 156996#

https://fccdl.in/LWSs0U4tDE

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Iggy:  what i get out of all this is the iraqi people will be forced (tricked) to trade for lower denoms just to continue on with life...this will happen quickly...this will pull in most 000 notes, all done in country and nothing to do with us...once the 000's are off the streets they can RI...that is when we can hopefully step up...IMO

Suzie:   The last couple of years it's looked like we were going to have the "best Christmas" ever based on the news, hype and intel at the time but it actually LOOKS like this could be the year if it goes like Frank, Delta and teams are saying.  Last nights' call was encouraging but Iraq has let their people....and us, down so often, that after a dozen plus years, well we just HOPE!!

Ryan1216:  Time after time Iraq and the CBI have said they were going to do this and nothing happened but it is completely different this time. I just pray that this is a great Christmas for us all this time around and the RI happens. Thank you Frank, Delta, all teams as well as the forum for keeping me uplifted. God bless the Iraqi people. Please let the CBI release the rate now!

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ChrisC:  Who cares about all the Christmas' before where we were lied to because it was NEVER going to happen while Obama was President.  Throw all the partisan BS aside and face the truth.  That sorry sack was NEVER going to see this fulfilled baby because he is playing for the other team, not ours. 

Trump took over and there was so much sugar in the gas tank and nuts screwed off the wheels that it took awhile to get it ready to go. 

ISIS will eventually be shown as a construct of the Cabal, IMO, which O and the Witch are major players in and they had to get them under control.  It is just like Spectre in a James Bond movie, they have agents in all governments and in all entities working for a common evil goal and that is the total eventual enslavement of humanity. 

This RV is going to break the locks off the gates and the whole world is going to be set free, and especially the US. 

 I don't know if anybody remembers what one of my buddies that is fairly connected in a certain 3 letter agency told me when O got elected.  He said he was allowed to make it so that all the roaches could show themselves and that we would go through a rough time but in the end we were planned to be the Shining City on the Hill and have tremendous prosperity. 

This has been planned out by the good guys for years and just as planned out to fail by the enemy.  However, I can't remember when Spectre ever beat James.  They always think they can, but in the end, they aren't as smart as their arrogance leads them to believe.

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Iobey777:  It does not matter to me about the value of the money *inside * Iraq! What matters to me from last night's CC is the FACT that FF Eddie said to Frank that the CBI and the Gov't were telling the citizens on TV that they were going to Open the 2020 budget on JAN 1!!! 

We must have a new rate before they open this budget! IMO!

Why? Because, we have been told through articles  and Walkingstick, that this budget is DIFFERENT from all the others! It holds a rider in it that will give the citizens what they are asking for, it will make them happy! Kurdistan has finally(after 16 years) reached an agreement on the HCL! Praise God!

They are happy! It appears the citizens are beginning to wake up and see that things are moving towards their favor since Trump came in with his teams to help! IDK if it will be before Christmas or if it will happen on December 30-31, but I am expecting to see the new and shiny rate by then! Like everyone else, I am praying for before Christmas!!

Either way, we are very close to seeing our blessing come forth..not only for us, but mostly for those poor citizens of Iraq! May God have mercy on them and deliver them from the darkness which has been holding them down for so long! Like someone said recently, IT. IS. TIME! 

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Mr. Harfax:  The following is strictly in my opinion…..

The change in narrative has begun. The release of the FISA report was not an end game play. It was a stepping stone as you can see by the objections from Durham and Barr. The time has come for them to carry this story forward.

What I think is truly interesting is how deep the swamp runs on BOTH sides. There is a reason why certain Senators are not pushing for Ukraine to be exposed as many parties are recipient to money laundered through these foreign office scams and like crabs in a bucket ALL will get pulled in.

I do somewhat fear for Daddy as he is a threat to this entire process and those involved will not be content to sit back and let their “institutes” or “foundations” lose out on valuable funding. How will they continue to live their existence without their constituents hard earned dollars? 

What's worse is that I fear party lines will prevent Joe Public from supporting the right thing do (i.e. clean this mess up) as we can see with the current impeachment.  IMO - this isn't a right vs left issue but rather a top vs bottom issue and those struggling on the bottom should want all this to end.

Interesting times indeed.  Enjoy the show

ChrisC:  In the end, IMO, it isn't a left vs right or a top vs bottom, but in reality, good vs evil.  That is why it is everywhere. The enemy corrupts all areas equally, some are more willing to take the bait than others and that is why it looks more pervasive in those groups, but it is everywhere.  I believe Trump is about to swing that hammer and just like Sauron couldn't imagine anybody actually destroying the Ring, the enemy has not seen what is about to happen.  IMO, the poop is about to hit the fan with the banks and once they are all on their backs, we can safely do this.

Frank26 Video and KTFA News Monday PM 12-9-19

KTFA:

Samson:  Iraq will shut down official hours tomorrow

9th December, 2019
The caretaker government in Iraq announced the suspension of official working hours tomorrow, Tuesday, to commemorate the defeat of ISIS militarily, and liberate the city of Mosul, the local capital of Nineveh, from its grip.

In a statement today, resigned Prime Minister Adel Abdul-Mahdi said, "On the occasion of the anniversary of the victory day over the terrorist group ISIS and the liberation of Mosul and all Iraqi soil, we extend our sincere congratulations and blessings to all of our Iraqi people."

He called for "recalling the heroism and sacrifices of the fighters, the sons of our armed forces, in all their forms and formations, from the army, the police, the popular crowd, and the Peshmerga, who defeated the enemy and liberated the land. .

Abdul-Mahdi continued by saying, "A salute to the martyrs and wounded who made the victory and their generous families, and to the heroic fighters from the armed forces and the security services who are still confronting the remnants of ISIS and defending their country and their people and their peaceful protesters and making dear sacrifices once again, and they have our gratitude and respect."

The caretaker head announced that "on this occasion, as we did last year, it was decided to suspend official working hours tomorrow, Tuesday, in celebration of Victory Day."   LINK

Samson:  The Stock Exchange stops its activity for tomorrow

9th December, 2019

The Stock Exchange decided, on Monday, to suspend its activities for tomorrow to coincide with an official holiday

The Stock Exchange said in a statement seen by the "Economy News", that on the occasion of the anniversary of the victory over the ISIS gang and the liberation of all Iraqi soil that falls on Tuesday 10/12/2019 , it was decided not to organize the trading session on this day as an official holiday in Iraq

"The sessions will be organized from Wednesday 11/12/2019 according to their official timing," the statement added

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Samson: Why do some countries print their currency in others?

9th December, 2019

The currency represents the national façade of any country along with its economic importance, and a number of symbols and objects that suggest the history of the country are often printed on these currencies, whether paper or metal

Many countries of the world resort to printing their local currency in other countries, which calls into question about this. Why can't we print our local currency ourselves? What are the risks of this matter

A small number of countries print their currency within the country's borders. For example, India prints its currency on its territory, while a law in the United States of America requires that the currency be printed within American territory

A number of international companies specialize in currency printing, perhaps the most famous of which is the British company De La Rue , which prints 11 percent of the currency in the market

Where you print about 140 currencies of central banks in the world, and ironically, if we want to accumulate the currencies that you print within a week, you will reach an increase equivalent to the height of the Everest summit

It is mentioned that the major companies specialized in currency printing are distributed in North America and Europe

Why countries do not print their currency

The process of printing currencies is considered expensive and complicated, and companies that do this work have done it for hundreds of years and have acquired great experience in this field, where they have the necessary equipment in addition to the safety standards that follow

Fsharkp De La Rue began producing leaves cash since 1860, and was Muruiius the first country to ask the company to print its currency, Kamal company produces new plastic banknotes for the Bank of England from class 5 and 10 pounds

It makes sense for small countries to print their currency abroad. For example, the United States of America prints approximately 7 billion banknotes annually

How dangerous is the printing of currency outside the country?

The 2011 incident in which Britain detained 1.86 billion Libyan dinars is an example of the seriousness of such matters, as this led to a lack of cash in the last days of Muammar Gaddafi's rule

De La Rue had a share of 140 million banknotes printed by the company

The Russian "Guznak" company is considered one of the largest international companies in this field, as it has customers in more than 20 countries in Asia, Africa and Europe, in 2014, the company produced 1.1 billion banknotes, in addition to the production of passports and coins

For example, the Russian company issues and prints the Lebanese currency, "the lira", as printing a package containing 1000 Lebanese banknotes costs Lebanon 60 euros, and therefore printing ten packages of the smallest Lebanese paper money category costs 10 percent of its value. As for knowing the amount of Lebanese money printed in Russia, it is difficult, given the existence of a strict secret

According to Russian company sources, the printing of Lebanese funds in Russia dates back more than 10 years. Lebanon is not the only country that prints and imports its money from Russia. There are countries like Syria, Laos, Malaysia, Belarus, Guatemala and other countries

Dealing in cash with technology

The use of cash in its various forms is diminishing by the day, especially in the developed countries, where the technology sector witnessed a great revolution, which led to the introduction of payment techniques via mobile phones

In a 2016 statistic of the Chinese Central Bank, only 10 percent of commercial transactions were made in cash, and the rest were electronically via smartphones

But despite new technologies, the demand for banknotes all over the world continues to grow globally, growth is 3.2%, and the market is estimated at $ 10 billion   LINK

Don961:   7 events awaited by investors in global markets

Monday 09 December 2019

Capitals / agencies

This week, eyes are focusing on the major central banks around the world, which are preparing for the last monetary policy meetings this year. After the global markets moved last week under the control of trade conditions and the OPEC and allies meeting, more developments are scheduled on both issues this week. .

 Federal meeting

The Federal Reserve is holding its last monetary policy meeting this year, today and tomorrow, Wednesday, amid expectations of interest stabilization at its current level, and is scheduled to announce its economic forecasts for the next two years, while clarifying its vision about the future of monetary policy.

The Fed had cut the interest rate in the October meeting to a level between 1.50 and 1.75 percent, while hinting a temporary halt in interest rate cuts.

Investors have more than 99 percent odds that the Fed may stabilize interest at its current level, with a very small rate of 25 percentage points hike.

European Central

This week also marks the last meeting of the European Central Bank this year to announce its monetary policy stance, but it will be the first under the leadership of its new president, Christine Lagarde.

There were no changes in the European Central Bank’s policy during the last meeting of its former president, Mario Draghi, before he took over to Lagarde at the end of October.

Christine Lagarde is scheduled to hold a press conference after the meeting, which is widely expected to witness fixed interest rates.

International banks

In a week filled with monetary policy meetings by the two largest central banks around the world, there are many decisions in other countries.

The central bank will hold its meeting in Turkey next Thursday after it cut interest by 10 percent in the last three meetings.

However, changes in monetary policy in Turkey are not expected after positive economic signs, as Turkey's economy continues to recover during the third quarter, recording the first annual growth.

On Thursday, the Swiss National Bank is also holding its meeting on expectations of a fixed interest rate of -0.75 percent. With the fact that Powell and Lagarde will hold press conferences in the wake of the monetary policy meetings on Wednesday and Thursday, respectively, attention is turning to statements by other central bankers.

Reserve Bank of Australia Governor Philip Lowe is scheduled to deliver a speech while attending a summit in Sydney on Tuesday.

The Australian central bank decided last week to hold the benchmark interest rate at an all-time low of 0.75 percent, after cutting 3 times its interest rate this year.

Bank of Canada Governor Stephen Poloz will also share the country's economic outlook for 2020, next Thursday.

 OPEC report

The Organization of Petroleum Exporting Countries discloses its monthly report on the production levels of the 14 OPEC member states from November, tomorrow, Wednesday.

OPEC production increased last October to reach 29.65 million barrels per day. OPEC and its allies agreed to deepen the agreement to reduce production levels by about 1.7 million barrels per day instead of the current 1.2 million barrels per day starting in January 2020.

Meanwhile, this week is witnessing the announcement of oil inventories in the United States for the past week, with the disclosure of American crude production levels, which stands at a historical level.

 Completion of the Brexit

Britain will accept ballot boxes next Thursday to participate in the early general elections called by British Prime Minister Boris Johnson in an effort to complete the Brexit process.

Opinion polls show that the governing Conservative Party headed by Johnson comes at the forefront with a marked majority of the party following him represented by the opposition led by Jeremy Corbett.

A Conservative victory would enable Johnson to pass the Brexit deal agreed with the European Union in the British Parliament and thus ensure that the will of the people is implemented - as Johnson described - who voted in favor of leaving the European Union membership in the 2016 referendum.

 Trade developments

After conflicting statements and signals about the trade relations between the two largest economies around the world last week, investors are closely watching what is new in this regard.

The importance of monitoring these developments stems from the approaching deadline for a round of US tariffs that will enter into force on December 15, unless there is a trade deal.

The United States and China reached a partial agreement on trade conditions in early October, but so far this expected deal has not been signed.   LINK

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Frank26:  12-9-19......500 MORE FOR SOMETHING SHORT

https://www.youtube.com/watch?v=o_4ohy9Q-Sc

KTFA CONFERENCE CALL INFORMATION: 7PM EST 605.313.5164 PIN: 156996#

PLAYBACK : 605.313.5163 PIN: 156996#

https://livestream.com/accounts/78544

Delta, Frank and more Sunday Night "The Order to Release the M.R." 12-8-19

KTFA:

DELTA:  FRANKIE .....

AN INTERVIEW TOOK PLACE ON 09/30/19 I JUST GOT IT..... WITH GENERAL DIRECTOR OF FINANCIAL OPERATION DEPARTMENT OF THE CBI .. Mahmoud Mohamed  Dagher.

THIS DEPARTMENT JOB  IS ....implementing the monetary policy of the Central Bank of Iraq.

HE SAID THAT THEY LAUNCHED THE PROCESS OF  LIFTING ZEROS AND NEW LDS ON SEPT....AND MUCH MORE...

Frank26:  THE ORDER TO RELEASE THE MR !!!

FROM DADDY ............ HEY FAMILY ................. I TOLD YOU SO !!!!!!!!!!!!!!!!!!

TOMORROWS MONDAY CC WILL BE ................ INSANELY ENTERTAINING ROTFL

CoCo:  Now the question is how long is the implementation of the monetary policy of the CBI; "Process of Lifting Zeros and New LDs"?  During the 9-30-19 interview they state it has already been launched.  Hopefully by January 2, 2020 it will be completed.

Doc.K:  Didn't TURKMENISTAN make a similar announcement in the month if August prior to them revaluing their currency on Jan 1.

Parliamentary Finance Committee intends to raise the price of the dinar against the dollar and give it strength among other currencies

19th August, 2019
A member of the Parliamentary Finance Committee Abdul Hadi Saadawi said in a statement on Monday, August 19, 2019, that the Finance Committee will work to raise the price of the dinar against the dollar and give it strength among other currencies in the Arab world, or at least maintain the current exchange rate to have monetary power within Local market

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Samson:  Hundreds of wheels and armored vehicles went to Baghdad

12/8/2019 17:06 

Hundreds of military wheels and armored vehicles went to the capital, Baghdad, on Sunday afternoon.

Eyewitnesses said (for the Euphrates News) that "hundreds of military wheels and armored vehicles go extensively to Baghdad now from the west side coming from Anbar province and from the south side coming from the southern provinces."   LINK

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Samson: Anbar crowd: 500 American wheels arrive in Ain al-Assad from Jordan

20:27 - 07/12/2019

A security source in the leadership of the Anbar Provincial Mobilization Command revealed, on Saturday, that some 500 American wheels had arrived at Ain Al-Assad Air Force Base, west of Anbar.

The source said to the "information" that "an American convoy consisting of 500 four-wheeled armored four-wheel drive coming from Jordanian territory, passing through Al-Rutba district, and settled in Ain Al-Asad air base in Al Baghdadi district, Heat district, west of Anbar, without knowing the reasons."

He added, "The arrival of the convoy coincided with the precautionary measures imposed by the American forces on the airbase after targeting it with three missiles."

And that "American security companies are neglecting to deliver this equipment while the soldiers are transported by warplanes to Ain Al-Assad Air Force Base and from there to the areas where the American forces are present."   LINK

JJimmyJJ:  Staging people and equipment to provide security in the capital? For what?

A couple options come to mind:

Drive out foreign influences from the govt and capital?

Provide security during a time of change (such as am ri/rv)?

IMO, of course.

Ourcoin:  My thoughts as well.  Also add to your list - Protection against Iran if the US and allies
decide to have their very short war with them.

Tommy17:  Security for the green zone and banks in imo.   Sadr’s up to his old tricks again hopefully the demonstrations Monday are mild imo