Frank26 Friday Night Video "12-27-19........12..9...6"

KTFA:

Frank26:  12-27-19........12...9...6

Video starts about minute 12:00

This video is in Franks opinion .

MilitiaMan was researching and came across something from the CBI …..he called Delta……And they got a hold of me.

Frank plays a recording from Delta and much more.

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

Frank26, TNT, Bix Weir and more Friday Afternoon 12-27-19

KTFA:

Scubasteve70:  Fantastic UB2B last night...I like the logic behind it and what we're seeing in articles. 
I've had a question now for some time, and I do not want this to lead into a huge rates discussion. 
If they adjusted the rate higher than a 1 to 1 value (5 to 1) would there still be a different rate for out of country or just the single rate.   Thank you.  

Frank26:  GREETINGS NEWBIE TO KTFA ............ WELCOME FRIEND ............... A DINAR IS A DINAR IN COUNTRY ........................ A DINAR OUT OF THE COUNTRY IS GOVERNED BY THE MARKET RATE.  THESE ARE TWO DIFFERENT ..................... POSITIONS ............ RATES. 

DELTA:  FAMILY.......URGENT ..........MilitiaMan & FRANKIE & MYSELF WE FOUND SOMETHING SO BIG AND HUGE AND WE GOT THE PROVE THAT CBI DID DELETE ZEROS END OF NOVEMBER ......WE WILL SEE WHEN TO RELEASE THE INFO...

Frank26:  LAST NIGHT MM AND DELTA CALLED ME ..................... WITH PROOF.

TOLD THEM ................... STAND DOWN ............. DO NOT RELEASE IT YET................ HOLD.

THIS TYPE OF INFO DESERVES A UB2B ................... TO EXPLAIN IN TOTALITY. 

BUT DUE TO MY SCHEDULE ............... HAVE DECIDED TO KEEP ALL INSIDE OF PREMIUM TEAM CHAT TODAY.

AM ENCOURAGING PREMIUM MEMBERS TO BE ON TIME TONIGHT AT 7 PM EST.

WILL SHARE MM/DELTA REPORT AND FF77 REPORT FROM LAST NIGHT AND THIS MORNING.

WILL THEN RELEASE OUR STUDY TO EVERYONE ON MONDAY THE 30TH. 

GOD BLESS YOU ALL............. ALOHA. 

Samson:  Allawi: Iraq’s debts amounted to 48 billion dollars

26th December, 2019
President of the National Coalition, Iyad Allawi, confirmed today, Thursday, that Iraq's debts amounted to 48 billion dollars, and the next prime minister is supposed to put a solution to pay them.

Allawi said in a radio statement followed by / Mawazine News /, that "Iraq's external debts amounted to 48 billion dollars and should be paid by the next prime minister."   LINK

RMF:  IMO This is another Clue to indicate a "in the coming days" rate change so they can pay off debts.

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Don961:  Central banks of four countries renew their currencies

Friday 27 December 2019

Baghdad / Al-Sabah

 Banks of the countries of Bulgaria, Georgia, Switzerland, and Belarus have addressed the Central Bank of Iraq, noting that they are issuing or renewing their currencies from various banknotes.

And the Central Bank of Iraq announced in separate statements that were followed up and viewed by "Al-Sabah", that "the Bulgarian National Bank has renewed its paper class (50) Lev, in addition to updating some of the security specifications found in the 1999 and 2006 versions of the same category." From the Bulgarian Bank, clarifying that "the old banknote of the same class remains for trading and has the strength, discretion and legal offer until the damaged banknotes of this category are replaced."

Coin of 10 lari

The Central Bank stated in another statement that "the National Bank of Georgia issued the updated (10) Larry banknote, knowing that the old banknote of the same category and the issuances and old categories remain in circulation and have the power of release and legal offer."

Swiss franc

The Central Bank of Iraq announced that "the Swiss National Bank has renewed its (100) franc banknotes". He explained, "This category is the sixth of the ninth series of Swiss national currencies," and quoted the Swiss bank's assertion that "the old banknote of the same category and other categories of the eighth series remains for trading, with strength, discharge, and legal offer."

The Central Bank concluded by noting that "the National Bank of the Republic of Belarus issued for circulating updated banknotes of two categories (10, 5) rubles by issuing 2009".

The Turkish Lira

In the same context, the Turkish Central Bank announced new copies of the paper categories of the Turkish lira, stressing that the old copies will be withdrawn from the markets at the beginning of the new year and lose their value in it.

The Central Bank of the Turkish Republic (TCBM) published on its official website, on December 9, a statement saying that the new paper copies will be launched in the first days of 2020, and the old versions of the 2004 edition will lose their value with the end of the last hour of December 31 The current first.

He called on residents in Turkey to replace their old paper money, which will become completely undervalued as of the beginning of the new year, through the Turkish Central Bank "TCMB" and the Turkish Agriculture Bank "Ziraat Bankası" according to the statement.

"This renewal came in accordance with the announcement No. 26516 published in the Turkish Official Gazette on May 8, 2007, which stipulated the removal of banknotes issued in the year 2004 from the" E8 "group.

The group includes "E8" categories (pounds, ten pounds, 20 pounds, 50 pounds, 100 pounds), and according to the announcement, it was suspended from trading in 2010, while its value will be permanently lost in the last days of this year.

The decision issued by the Central Bank did not include the paper categories of the group "E9", which are the newest among the groups and fit for circulation. This group includes the categories (ten pounds, 20 pounds, 50 pounds, 100 pounds, 200 pounds) issued in 2009 and later. , As the decision singled out only the "E8" paper categories, which includes the currency whose issuance date is 2004, and circulation started in 2005.

This means that, starting next year, the Turkish markets will see trading in two different versions, in the form of the ten categories, to 200 pounds.

Turkey witnessed a fundamental transformation in the year 2005, when the currency, which was worth "one million" and containing six zeros at the end, was used until 2004, and as of that period the Turkish Central Bank called the Turkish lira the name of "the new Turkish lira".

The Turkish currency includes paper groups from "E1" to "E9" and is divided according to the date of issuance of the design for the currency and the start of dealing with it, to the period of its validity, expiration and lifting from the markets, and the group "E1" is the oldest among them, and it started in 1947 and lost its value completely In 1962.  LINK

TNT:

BigLou43:  I believe that 2020 will bring us our dreams. Those who are in this have something that other don't.... Hope.. Remember, hope is a good thing, maybe the best of things, and no good thing ever dies....We have this going for US!

Tishwash:  here's video of the fire in the green zone short video https://www.youtube.com/watch?v=mh3c8BnDEl4****

JCNoble:  thanks tish. This is only thing the GOI understands

Ify:  time and pressure make diamonds

JCNoble:  ify heat is also involved

Yada: All the more reason the UN, US and IMF want this done. Read an article the other day regarding then opening up 3 kiosk to register people for new jobs. Estimated 150,000 per kiosk. That is in the budget and needs the new rate

Eccle519:  The US may put in Emergency GOI and get r done Possibly Abadi...it's very obvious Iraqi officials do not have the ability to govern for the people and prosper as a country

Jambie67:  Eccl by "emergency GOI", do you mean another "stand in" government? They need permanent seats

Eccle519:  jam: That was an article but probably a stand in Gov to take care of biz then have legal elections...but Iraqi's are not capable on there own!  Imo, if you took most any Iraqi citizen and put them in the GOI, they would just do what all the others do for themselves and family...no concept of doing the right thing

Jambie67:  Eccl they'll get it together, I'm hopeful  ….The Iraqi president's resignation was a strategic move, in my opinion, and speaks to a probability that they have a swift plan already in the works

Eccle519:  Jam: Yes I believe they want to get it together but Iraq has never had an example of prospering the people and country as a whole...just building big palaces and throwing crumbs to the people...They need some strict help from the US or others then they will be on their way

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Bix Weir

Bank Repo Bailouts Are Failing as Crypto YouTubers are FREED!!

RoadToRoota:  Dec 27, 2019

Despite RECORD bank stock prices there are monumental problems approaching as YEAR ZERO approaches!! Hang on tight! Get your CRYPTO in your own possession before the Old System Fails!

https://youtu.be/cuu3q8Bod7c?t=6

Delta and KTFA Members Friday 12-27-19 "We Found Something Big and Huge"

KTFA:

DELTA:  FAMILY.......URGENT ..........

 MilitiaMan & FRANKIE & MYSELF WE FOUND SOMETHING SO BIG AND HUGE AND WE GOT THE PROVE THAT CBI DID DELETE ZEROS END OF NOVEMBER ......

WE WILL SEE WHEN TO RELEASE THE INFO...DELTA

MilitiaMan:  SEEMS THE VIEW OF MARCH HAS BEEN, HALT!! Lol –MM

Sissytheclown:     Delta, MilitiaMan, and Frank. Proof the CBI deleted zeroes at the end of November is AWESOME news!!!  Hope you can release that info real soon. 

JJimmyjj:   I absolutely trust this information. 

And,  I understand  that governments and international organizations treat rules and regulations more like guidelines than actual rules-- to be ignored when it suits them. 

And finally,  no authoritarians like to see the unwashed masses with power and money. 

With that said, how can the CBI take the action of reinstating their currency and not announce it? The benefits of reinstating are only realized if the world agrees on the value. 

If no one else knows,  it is like a man going into a cave and telling the bats he's batman-- he might be convinced,  but no one will make a movie about him unless he tells other people and acts like batman in public. 

So,  let's assume it was told to the Big 4, which means the US and the world's central banks know.  That's great,  and it can help with debt restructuring and settlements. 

But, IMO  that doesn't help with the true value of an RI: turning on the Iraqi economic engine. For that,  commercial banks, businesses,  Moody's (remember, they set the cost of debt), and the citizens need to know. 

IMO, that can't be delayed for long. So,  long story short: The clock is ticking and the pressure is mounting to tell us and show us the rate.

That is very,  very good for us. Momentum is now working in our favor, instead of against us (as it has for so long).

The Lord be praised. 

Moeapollo:  I gotta say it...you took the words right out of my mouth lol I wholeheartedly believe this is plausible and that somewhere between the deletion of the zeros & the time the cbi began releasing information on the regular...the protests happened. Halting what we were all waiting to see. I keep coming back to the video. How he kept saying they were "ordered" as in past tense. That video was aired on Sept 30th. It seems like it was meant to roll out publicly shortly thereafter for them to be so open about it. Yet I have to say: Even though the delay happened...I am so blessed that the people of Iraq have found their strength, their patriotism and their voice. All this is worth the delay and I mean this with all my heart. I do perceive that we'll be seeing a fast-forward motion very soon since Salih is now openly on the side of the protestors...God be with him and with them

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Samson:  Oil reaches its highest level in 3 months

27th December, 2019
Oil prices rose on Friday, hitting a three-month high after data showed record spending for American consumers online, which raised confidence in the world's largest economy before the hoped-for end of the trade war between Washington and Beijing.

By 0612 GMT, Brent crude futures rose six cents, or 0.1 percent, to $ 67.98 a barrel, after rising to $ 68.10, the highest level since September. US West Texas Intermediate crude futures rose 11 cents, or 0.2 percent, to $ 61.79 a barrel.

Thursday's survey showed that US consumer purchases over the holiday season reached a record high that exceeded analysts' expectations and pushed US stocks higher.

Oil prices are also supported by strong hopes that the new year will see an end to the long-running trade war of tariffs between the United States and China, a dispute that has overshadowed global economic growth prospects and left questions about the future of demand for crude.

The continuing impact of a long period of trade dispute reappeared in data from Japan, the world's third largest economy, on Friday, which revealed the contraction of industrial production for the second month in November.

But the price of Brent jumped more than a quarter since the beginning of 2019, while West Texas Intermediate crude rose about 35 percent, supported by the moves of the Organization of Petroleum Exporting Countries (OPEC) and other producers, including Russia, to curb production. Earlier this month, OPEC and its allies agreed to extend and increase these cuts.   LINK

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Samson:  Allawi: Iraq’s debts amounted to 48 billion dollars

26th December, 2019
President of the National Coalition, Iyad Allawi, confirmed today, Thursday, that Iraq's debts amounted to 48 billion dollars, and the next prime minister is supposed to put a solution to pay them.

Allawi said in a radio statement followed by / Mawazine News /, that "Iraq's external debts amounted to 48 billion dollars and should be paid by the next prime minister."

According to the International Monetary Fund, Iraq's debt has worsened over the past years.

And parliamentary and academic circles warned of the dangers of that debt to the Iraqi economy. 

LINK

Samson: Close to the chest: only three candidates may be satisfied with the people

26th December, 2019
Saleh Muhammed al-Iraqi, close to the Sadrist movement leader Muqtada al-Sadr, said today, Thursday, that only three candidates for the post of prime minister may gain the approval of the people.

And the Iraqi said in a post in Vipsuk:

"Information

After research and investigation

I was able to reach an overall result regarding the satisfactory candidate for prime minister in general from the people

After he presents his program, specifies his period and writes his duties

This does not necessarily mean that we are satisfied with them

The candidates are:

1- Mustafa Al-Kazemi

2- Rahim Al-Ogaili

3- Faeq Al-Sheikh Ali

But I am not speaking in their name, but I sensed this from them .. Thank you very much

And finally: Thank you, Mr. President, because you rejected the candidates that the people reject, which is a position that history, the people and the authority will write for you.

Iraqi President Barham Salih announced today, Thursday, his refusal to assign a building block candidate to head the government, Asaad Al-Eidani, while he decided to resign before the parliament.  LINK

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Samson:  Al-Fateh: We will refuse to accept the resignation of Barham Salih if he reaches Parliament

18:45 - 26/12/2019

The Al-Fateh coalition confirmed, on Thursday, that it would refuse to vote to accept the resignation of President Barham Salih if he sent it to the House of Representatives, indicating that the new Prime Minister’s character would be decided within 24 hours.

The representative of the coalition, Fadel Al-Fatlawi, said in a statement to “The Information”, “The Al-Fateh coalition will refuse to vote to accept the resignation of the President of the Republic, Barham Saleh, if he presents it to the House of Representatives within the coming hours.” Pointing out that “Accepting Saleh’s resignation will complicate the political scene and we will enter with a new political labyrinth.”

He added, "Saleh has the responsibility to name the new prime minister to cross over to the safety and liberation of the current political crisis." He indicated that "the personality of the prime minister will be resolved within 24 hours, and there are several names put forward to assume the position, most notably Muhammad Tawfiq Allawi, Mustafa Al-Kazemi and other personalities."

The legal expert, Tariq Harb, confirmed today, Thursday, that the resignation of the President of the Republic, Barham Salih, will not be effective until seven days after the date of its deposit in the House of Representatives, and between the Speaker of Parliament will replace Saleh because there is no deputy for the latter.

The President of the Republic, Barham Salih, had apologized, today, Thursday, to assigning the candidate of the Construction Alliance, the governor of Basra, Asaad Al-Eidani, while he laid down his resignation in the hands of the House of Representatives.   LINK

Frank26 Videos and KTFA Members Thursday Night 12-26-19

KTFA:

Samson:  Parliamentary Finance: The budget deficit delayed its arrival in Parliament

26th December, 2019

The Parliamentary Finance Committee confirmed on Thursday that the deficit in the public budget was the last time it reached Parliament

The head of the committee, Haitham al-Jubouri, said, "The general budget for the next year is still with the government and it has not been sent to parliament because of the financial deficit," according to the official news agency, Waa

He revealed, "The budget deficit reached 25 trillion dinars

He added, "The government cannot send the budget without covering this deficit," noting that "Parliament and the people are putting pressure on the government to find a solution in covering the fiscal deficit and sending the budget as soon as possible to the parliament dome

The spokesman for the media office of Prime Minister Saad Al-Hadithi confirmed, on Saturday, that the government of managing daily affairs could not send the general budget bill for fiscal year 2020 to the parliament

Al-Hadithi said, "The budget bill is ready in the cabinet, but the current government cannot send it after it has been turned into a daily caretaker government  LINK

2Berds:  What they are saying IMO is they are waiting on the RI and the new exchange rate then they can bring the budget.

Samson:  The Bulgarian National Bank informs the Central Bank of Iraq to renew its (50) Lev currency note

26th December, 2019

The Central Bank of Iraq announces that the Bulgarian National Bank has renewed
its (50) Lev banknote, in addition to updating some of the security specifications
found in the 1999 and 2006 versions of the same category above. A legal offer until
replacement of damaged banknotes in this category.

The Central Bank of Iraq

information Office

December 26, 2019

https://cbi.iq/news/view/1372

Samson:  The Central Bank Of Iraq, “The Bulgarian National Bank Notified Us Of The Renewal Of Its 50-Leaf Bank Note”

26th December, 2019

The Central Bank of Iraq informed all the banks, today, Thursday, that Bulgaria has renewed its 50 lev note.

The bank said in a statement that the independent received a copy of it, “The Bulgarian National Bank notified us that it has renewed its 50-leaf cash note, in addition to updating some of the security specifications found in the 1999 and 2006 issues.

The bank indicated that "the old banknote of the same category remains for circulation and has strength, innocence and legal offer until the damaged banknotes of this category are replaced."

The bank asked all private banks to "inform their employees who work in the field of foreign exchange about the new issuance of the Bulgarian National Bank."   LINK

Frank26:  12-26-19......PRAYING FOR A HAPPY NEW YEAR

This video is in Frank26’s opinion only

IN A FEW MINUTES THIS VIDEO WILL END AND I WILL SET UP A NEW ONE

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

Frank26:  12-26-19 PART TWO

https://www.youtube.com/watch?v=fi6dDA6Iwxs

Delta, Frank, Sierra and more Monday Evening 12-23-19

KTFA:

Tink:  From DELTA: 

DEBT RELIEF ON IRAQ

November 21, 2004

The representatives of the member countries of the Paris Club met from November 17 to November 21 and agreed on November 21, 2004 with the representatives of the Republic of Iraq on a comprehensive debt treatment of the public external debt owed to them providing a total amount of debt reduction of 80 % in three phases.

The Iraqi delegation described the challenging economic and financial situation faced by its country and presented the main measures for recovery included in the program of the Iraqi Government and supported by the Emergency Post Conflict Assistance approved by the Board of the International Monetary Fund on September 29, 2004. Paris Club members took note of the strong commitment of the Government of Iraq to implement the policies required under this program and reaffirmed their support.

The representatives of the Creditor Countries, aware of the exceptional situation of the Republic of Iraq and of its limited repayment capacity over the coming years, agreed on a debt treatment to ensure its long term debt sustainability. To this end, they recommended that their Governments deliver the following exceptional treatment:

- an immediate cancellation of part of the late interest representing 30% of the debt stock as at January 1, 2005. The remaining debt stock is deferred up to the date of the approval of an IMF standard programme. This cancellation results in the write-off of 11.6 billion US dollars on a total debt owed to the Paris Club of 38.9 billion US dollars;

- as soon as a standard IMF programme is approved, a reduction of 30% of the debt stock will be delivered. The remaining debt stock will be rescheduled over a period of 23 years including a grace period of 6 years. This step will reduce the debt stock by another 11.6 billions US dollars increasing the rate of cancellation to 60%;

- Paris Club Creditors agreed to grant an additional tranche of debt reduction representing 20% of the initial stock upon completion of the last IMF Board review of three-years of implementation of standard IMF programmes.

This debt treatment would reduce the total debt stock from 38.9 billion to 7.8 billion US dollars.

On a voluntary basis, each creditor country may also undertake debt swaps.

The Republic of Iraq has committed to seek comparable treatment from its other external creditors.

Background notes

1. The Paris Club was formed in 1956. It is an informal group of creditor governments from major industrialized countries. It meets on a monthly basis in Paris with debtor countries in order to agree with them on restructuring their debts.

2. The members of the Paris Club which participated in the reorganization of Iraq's debt were representatives of the governments of Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, the Netherlands, the Republic of Korea, the Russian Federation, Spain, Sweden, Switzerland, the United Kingdom and the United States of America. Observers at the meeting were representatives of the government of Norway as well as the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (IBRD), the Secretariat of UNCTAD, the European Commission and the Organization for Economic Cooperation and Development (OECD).

The delegation of Iraq was headed by Mr. Adil A. Mahdi, Minister of Finance. The meeting was chaired by Mr. Jean-Pierre Jouyet, Chairman of the Paris Club.

Technical notes

1. Iraq's economic program is supported by an Emergency Post Conflict Assistance.

2. Iraq's public debt was estimated to be US$ 120.2 billions in nominal value as at end 2004. The debt owed to Paris Club creditors as of December 31, 2004 was estimated to be US$ 38.9 billions in nominal value.

3. The repayment profile will be posted on the Paris Club web site.

http://www.clubdeparis.org/en/.....21-11-2004

https://youtu.be/NiV5ZWFqXOY?t=2

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Monday Night KTFA CC 12-23-19 with Frank, Walkingstick, Delta, Angel1, FF77and team

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

https://fccdl.in/3EFPPOo3eX

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TNT:

History of the RV of the Iraqi Dinar

Dr .  The appearance of Muhammad Salih *: A testimony of history on the issue of raising the value of the Iraqi dinar in the year 2006-2008, as revealed by Professor Muhammad Allawi in his last lecture in Washington * *

1.  I would like to mention that the Paris Club Agreement signed on November 4, 2011, which dropped 80% of the total debt of Iraq, which was arranged before 1990. ۰ and was estimated at about 128 billion dollars at the time (which was led by Mr. Adel Abdul-Mahdi) and participated in it until the day it was signed by Dr. Sinan al-Shabibi  And Mr. Aziz Jaafar, myself and a number of women, committed Iraq to historical stages for writing off debts before the expiry of the next 6-year grace period provided that a corrective program is signed with the International Monetary Fund. 

As I canceled 30% of Iraq’s debt immediately after signing the Paris Club agreement in 2004, and another 30% struck as soon as Iraq signed the SBA Credit Readiness Agreement with the International Monetary Fund that was signed in the last month of the year 2005 to be completed   

Monetary policy papers write off another 20% when Iraq succeeded in implementing its agreement with the fund at the end of the year, so that the total debt written off amounted to 80%

2.  In the first consultations that took place in Amman (Oman) with the International Monetary Fund, annual inflation was at that time more than 20%, and the economic model adopted by the Fund in implementing its program with Iraq has required reducing inflation to one decimal place to become about 6%, and this reduction needs to have a nominal fixed approval 

The Iraqi dinar increases the external value of the nominal anchor, which is the gradual increase of the Iraqi dinar exchange rate by about 20%  over the years of the program, as well as raising the internal value of the Iraqi dinar, that is, the interest rate by adopting the monetary policy interest rate that the central bank lends and borrows with local banks by at least  20% 

This is to address the forces generating inflationary expectations, which specifically mean the importing forces. In both cases, the Central Bank was forced to follow a deflationary monetary policy to reduce inflation, called it tighten policy, and as a witness to the history of events, and in a closed meeting that included the head of the Iraq mission at the International Monetary Fund and Mr. Minister of Finance and Mr. Aziz Jaafar  In my presence personally, the head of the mission asked, explaining that the conduct of that international program required preconditions, namely the acceptance of the amendment of the value of the internal and external Iraqi dinar for the interest rate exchange assistant. 

 Mutaqq meeting, deaf president of Baal Iraq in the International Monetary Fund and Mr. Finance Minister and Mr. Aziz Jaafar, in person in my presence, the head of the mission asked, explaining that the progress in that international program required pre-conditions, namely acceptance of adjusting the value of the internal and external Iraqi dinar, i.e. interest rates and the exchange rate. 

 Dr. Sinan has categorically refused to adopt such a restrictive monetary policy (a policy inconsistent with advancing development after Dr. Sinan spent a year in UNCTAD and is one of the development organizations that ideologically intersect with the International Monetary Fund).

Dr. Sinan left the meeting and left, saying, with the text: I will not accept  With such oppressive conditions for development, I had to talk to him to return to the closed meeting because the head of the Fund’s delegation indicated that the program should be stopped with them and then the Paris Club agreement should be stopped! 

And to re-load Iraq’s debts  before 1990 while continuing to delay benefits that are the product of the previous regime, making the damage even greater. 

So everyone had to accept the fait accompli in improving the exchange rate of the dinar,

 To reach at the end of the program at the end of 2008 by about 1182 dinars against the dollar, after it was 1560 dinars per dollar at the end of the year 2005. 

3.  The problem in my estimation is not only to raise the value of the dinar at the time, despite the annual inflation decrease from 22% to 6% within the phenomenon of disinflation, that is, to have low or decreasing increases in the general level of prices at the time, but the biggest problem has remained in increasing the number of government workers to five times today compared to  In the year 2003 and the increase in the value of government wages 7 times, which made the average government employee’s salary equal to approximately twice per capita gross domestic product, which added double benefits to the first government job that came from monetary policy and exchange rate stability and the second from higher wages and salaries as well as high  Banking interest on the savings of the savings available to him. 

In addition, the increase in the allowances in government salaries, which constitute 66% of the salary components today, have been exempted (those allocations) from income taxes and by a government decision in the year 2009 until today. 

"Big Arrest Around Christmas?" by Sierra (NZ) - 12.23.19

Entry Submitted by Sierra (NZ) at 2:28 PM EST on December 23, 2019

Anon 3Days3Nights has tweeted about the possibility of Hillary Clinton being arrested around Christmas time...

https://twitter.com/3days3nights?lang=en

Juan O'Saven, whom many Anons believe could be JFK Junior, said that Hillary Clinton could be the first major arrest.

Also there are rumors about the possibility of George Soros being arrested after Attorney General Bill Barr accused Soros of inciting violence.

Finally, there have been several intriguing tweets from different official sources, such as the US Army, referring to 'snow' and 'storm'. Anons believe this refers to the possibility that Snowden could be extradited to USA to testify.

Meanwhile, Pelosi has stalled on presenting her two articles of impeachment to the Senate. It's a bit like a child not wanting to play the card that loses them the game so they sit there, doing nothing. It's truly pathetic, which is exactly what the Alliance wants the American public, and the world, to see.

Nothing happening...??

I wish all DC readers a Merry Christmas and a prosperous New Year (tee hee!).

Where We Go One We Go All.

Love and Light
Sierra (NZ)

https://inteldinarchronicles.blogspot.com/2019/12/big-arrest-around-christmas-by-sierra.html

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.

******************

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.....  

*******************

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

*********************

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

******************

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 

605.313.5164    PIN: 156996#

Can't join us live?      PLAYBACK : 605.313.5163    PIN: 156996#

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