Frank, Walkingstick and KTFA Members Tuesday PM 3-10-2020
.KTFA:
Don961: In numbers, experts are thinking about the fiscal deficit: Iraq needs $ 70 billion .. What is the solution?
2020-03-09 Follow-up Yassin Iraq:
Iraq entered its rentier economy, on the line of the crisis between the oil giants Russia and Saudi Arabia, after the latter's insistence to flood the market with oil, contrary to the agreement of the Organization of Petroleum Exporters "OPEC".
Economists agree that the collapse of oil prices in urgent contracts, today, Monday, will place Baghdad in front of very difficult options, and perhaps resort to strategic cash reserves. LINK
KTFA:
Don961: In numbers, experts are thinking about the fiscal deficit: Iraq needs $ 70 billion .. What is the solution?
2020-03-09 Follow-up Yassin Iraq:
Iraq entered its rentier economy, on the line of the crisis between the oil giants Russia and Saudi Arabia, after the latter's insistence to flood the market with oil, contrary to the agreement of the Organization of Petroleum Exporters "OPEC".
Economists agree that the collapse of oil prices in urgent contracts, today, Monday, will place Baghdad in front of very difficult options, and perhaps resort to strategic cash reserves. LINK
Walkingstick: Ftti: The GOI expenditures are not paid from the CBI reserves... They are paid from the (oil proceeds fund) established at the US federal reserve...
Iraq draws roughly 1.5 - 2 billion per month from this fund for GOI expenditures... A fund that is believed to contain roughly 35 billion..The CBI, itself... has been urged a number of times by the IMF, maintain a (healthy reserve) considered 6 months of gross expenditures.... ie: foreign currency reserve of roughly 50 billion...
The IMF has also warned against , the continuation of pumping 150+ million into the auction.. A scenario that could be unsustainable, putting the local currency at risk... Adding, to that... They, have been .. cautioned, the use of currency reserves at the CBI should only be used as a weapon of last resort...
Yes, the IMF had recommended in past..Iraq resort to external borrowing in a scenario such as this... Therein, lies the problem...
The CBI is the borrower, but.. it does not borrow money on its own behalf... The CBI borrows money on behalf of the GOI... It is unknown, though unlikely, a caretaker government is in a position of power to request such a loan from the IMF.. It is, certainly illegal .. per Iraqi, law..
Regards.....
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Frank26 Monday Night CC 3-9-2020
PLAYBACK : 605.313.5163 PIN: 156996#
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Samson: The Central Bank designs a pooled Islamic financing program (SIFP)
10th March, 2020
In an effort to reduce the unemployment rate and reduce the import gap by supporting
projects that have a positive impact in raising the rate of GDP growth, the Central Bank
of Iraq has provided a monetary approach that combines the methodology of specific monetary policy and the basic conditions for establishing market economies by
designing a program for consolidated Islamic finance (SIFP) ) , Which provides
opportunities for partnership in financing between Islamic and conventional banks
by targeting projects of strategic importance .
This comes at a time when the current economic stage is witnessing a number of
challenges in the production and consumption markets .
The Central Bank of Iraq
information Office
March 10, 2020
DELTA: ESTABLISHING MARKET ECONOMY........... SUPER SAMSON THANK U...
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Don961: New York Stock Exchange suffered the most severe daily loss in 11 years
2 hours ago Agencies - Abu Dhabi
The Wall Street suffered, on Monday, its heaviest daily loss in more than 11 years, in a decline caused by the collapse of oil prices due to the price war launched by Saudi Arabia on Russia and the outbreak of the new Corona virus in the world.
The Dow Jones industrial average losses at the close of 7.79 percent as it fell to 23.85102 points, losing more than two thousand points.
As for the Nasdaq index, which is dominated by technology companies , its losses reached 7.29 percent, closing at 7,95068 points.
The Standard & Poor's 500 Index, in turn , tumbled 7.60% to settle at 2.74656 points.
According to Howard Silverblatt, an index specialist at S&P Dow Jones Indices, the S&P 500 lost a total of $ 1870 billion during Monday's session and $ 5,300 billion since February 19, when it hit an all-time high.
Compared to the population of the United States , the loss incurred by the New York Stock Exchange on Monday is equivalent to $ 5682 per person.
For the first time Monday, the Dow Jones index caused a significant decline at the start of the trading session, when it lost more than 7 percent by activating the 15-minute suspension mechanism.
The combined losses of the three major indices on the New York Stock Exchange were about 20 percent each since hitting an all-time high last month.
The losses came as a result of the collapse of oil prices, which fell by 25 percent, after Saudi Arabia decided to reduce oil prices significantly in the wake of its failure to reach an agreement with Russia on production.
On the other hand, the death toll from the emerging virus, Corona virus , continues to rise, exacerbating the panic that prevails in the markets. LINK
Samson: High oil prices after the biggest daily loss in 30 years
10th March, 2020
Oil prices rose 8 percent on Tuesday, to recover from the largest loss recorded in one day in nearly 30 years, while investors are looking for a possible economic stimulus in light of the price war between Russia and Saudi Arabia and the slowdown of new cases of coronavirus in China.
US President Donald Trump said on Monday that he would take “significant” steps to support the US economy in the face of the impact of the Corona Virus outbreak and would consider salary tax cuts with Republican lawmakers in Congress on Tuesday.
By 0605 GMT, Brent crude futures rose $ 2.85, or 8.3 percent, to $37.21 a barrel, while U.S. West Texas Intermediate crude futures gained $ 2.46, or 7.9 percent, to $ 33.59 a barrel. The benchmarks fell 25 percent on Monday, dropping to their lowest levels since February 2016 and marking the largest percentage decline in one day since January 17, 1991, when oil prices fell when the Gulf War erupted.
Trading volumes in the contract for the closest entitlement to both raw materials reached record highs in the previous session after the collapse of a three-year agreement between Saudi Arabia and Russia and other major oil producers to reduce supplies on Friday.
Asian stocks rose and bond yields rose from historic lows, as speculation of coordinated stimulus by central banks and governments around the world calmed the sell-off by panicked investors. Spirits also received a boost after Chinese President Xi Jinping Wuhan visited the epicenter of the outbreak of the Coronavirus, for the first time since the epidemic began, and as the spread of the virus on the Chinese mainland slowed strongly. LINK
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Don961: China sets next April as the date for the launch of the vaccine that the world is waiting for!
19:45 Monday 09 March 2020 Baghdad _ people
"Scientists are about to find a vaccine for the deadly coronavirus (COVID-19), the first of its
kind, and it will be available for emergency use by next April," a Chinese government center
said on Monday.
The director of the Development of Science Center and Technology Commission of the National
Health China Zhong Cheng Wei according to the reported site " Mchabl " American Technical,
today, (March 9 , 2020), "according to our estimates, we hope that the intervention of some
vaccines , clinicalresearch , or be useful in emergency situations, By next April. ”
He added, "Scientists have succeeded in reaching this vaccine through cooperation and
exchange of the genetic sequence of the virus between various Chinese research institutions.
The Chinese announcement comes days after a famous Chinese epidemiologist injected
herself with a new vaccine against the emerging coronavirus, with six members of her team.
"We are doing everything we can to put the vaccine we are developing into the clinical trial
and application phase," said Chen Wei, an officer with the Chinese army. With providing
strong technical support to win this battle, ”she indicated, it usually takes between 12 and
18 months to ensure that vaccines meet safety standards.
Under Chinese law, vaccines can be used in an emergency before that period, if "their
benefits outweigh the risks," according to China's National Medicinal Administration.
And Moderna Biotechnology Company in the United States revealed its own vaccine that it
shipped this month to the National Institute of Allergy and Infectious Diseases, to start
human tests, while the director of the institute, Anthony Fushi, warned that even if the
initial safety tests were good, it would take 12 to 18 months to see these vaccines widely
used around the world.
Experts stressed that expediting the use of vaccines outside the specified testing period
may be "ineffective and insecure", considering that China is trying to contain the flood of
criticism directed at it in dealing with the crisis of the spread of the Corona virus, by
appearing as a savior and developing a vaccine without taking the necessary precautions.
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Samson: US Vice President: Our Companies Have Come Up With A Vaccine To Treat The Corona Virus
10th March, 2020
Mike Pence, the American Vice President, announced that US drug companies have reached a new vaccine to treat the Corona virus.
"Drug companies have started vaccine tests," Pence said at a news conference, noting that "25 children in California have been cured."
The vice president added, "The risk of the virus to Americans remains low, and research is continuing in efforts to combat its spread."
It is noteworthy that the new Corona virus appeared in late December 2019 in Wuhan, China, in a market for the sale of wild animals, then spread quickly with a massive movement of citizens to spend the Lunar New Year holiday in January. LINK
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Iggy: OVER 50,000 PEOPLE HAVE RECOVERED FROM CORONAVIRUS AROUND THE WORLD, ACCORDING TO JOHNS HOPKINS
https://www.newsweek.com/coronavirus-update-50000-recoveries-global-cases-1490495
Don961: Corona and Political Corona
- 14 Hours Ago
It is no secret to anyone that the emergence of the new coronavirus has aroused grave global concern, and it carries with it many ramifications, the extent of which has not been determined yet, and if there is consensus that it is dangerous to human health, and may have negative repercussions that threaten our lifestyle in the 21st century.
The first cause of turmoil and anxiety is not only the emergence of the virus, as the world previously exposed to viruses, and will face others in the future, but the source of anxiety is due to the fact that the new virus presents an equation that is not clear-cut, not prepared for, and led to confusion and lack of transparency in the initial dealing with its emergence.
The anxiety was exacerbated by the rapid growth in the number of patients, and its rapid spread in a large number of countries around the world, which had several repercussions, including, among other things, placing restrictions on receiving visitors from or traveling to specific areas in China, then from other countries after that In an effort to stop the spread of the virus and avoid its consequences.
Challenges and new events, and a government hesitation in dealing with events, the speed of transmission of events and challenges across borders, airspace and seas, and reactions towards isolationism, are the same features and challenges that we are witnessing politically and economically, or advocated by some in the era of globalization, whether in government interaction, or in The emergence of populist tendencies toward isolationism in small and large countries, democratic and centralized in decision-making.
Will the world go through the "political corona" stage?
All indications point to this. The contemporary international system was established in the aftermath of World War II, on the basis of a balance of power between the Western Atlantic Alliance and the eastern Warsaw Pact, with a third group complementing the scene, namely the non-aligned countries.
This was accompanied by the development of the most important international charters, the first of which is the Charter of the United Nations, and the adoption of a number of economic documents in the crucible of Bretton Woods, in the context of which the World Bank and the International Monetary Fund were established, as well as a set of documents and treaties to arrange international situations, for example the Universal Declaration of Human Rights , And arms control agreements, the NPT ... etc.
These documents and treaties defined the balance of political power that existed at the time as the basis for the movement's drive for the contemporary international system for more than half a century, and it remained stable and exists in general, despite being subjected to various challenges in light of the tension and attraction between the two allies, or with the non-aligned developing countries, which were The number is increasing as a result of it getting more independence from the old European colonialism, each with its aspirations and stances.
The situation was not fair in the past century, and there were numerous violations by the major powers over the rights of others, but international competition maintained stability in general, until the end of the eighties and the collapse of the Soviet Union and the Warsaw Pact with which he headed, so the balance that was providing some deterrent controls was disturbed by the actions of the two allies. .
International law remained the only pillar of the stability of the international system, and it was subjected to more challenges and irregularities with the growing willingness of various countries to overcome and ignore it, especially those that enjoyed security, political and economic superiority at the international or regional levels, and among these violations are the American invasion of Iraq in 2003 and the genocide in Rwanda, the war in Syria and Libya, and many other examples that have come to characterize the past few decades.
With the increasing rates and speed of international globalization, driven by huge technological developments in the field of communications and information transmission, new circumstances, achievements and challenges have arisen between governments and peoples from one moment to the next, and rapid, uncontrolled communication has occurred for peoples and goods, providing enormous opportunities, as well as many problems and challenges.
Among the main drivers of globalization are neoliberal policies, such as free trade and privatization, which were required of developing countries to implement them quickly, regardless of their conditions and competitiveness. However, some in developed countries feared competition from more efficient markets and less expensive employment, and several isolated and right-wing currents appeared in West, East, North, and South, and the popular and national trend has grown towards focusing on personal interests at the expense of societal and national and at the expense of regional and regional at the expense of international and global interests.
The problem lies in the fact that the rates of change in the era of globalization came very fast, and posed a real challenge to stability and traditional identity, as well as that the economic aspect of globalization was applied without giving great importance to the different circumstances and special considerations of other least developed countries, as well as to the differences of cultures between societies.
What we have seen from spontaneous reactions to the new virus is the same that we have seen politically and economically during the past decades in front of the challenges of globalization, and the best ways to deal with this new challenge medically are very similar to the correct ways to deal politically, economically and socially with the challenges of the globalization era, namely cooperation in accordance with the rules International and agreed upon, as cases of health crises and emergencies require transparency between governments, states and societies, cooperation and interaction in accordance with international protocols, rules and laws in the context of the international multilateral system in which we live, including respect for all countries health rules In relation to the Corona virus, cooperation is required in implementing three initiatives to support the capabilities of countries in detecting, evaluating and reporting public health events, and granting the World Health Organization the coordinating role to build this capacity, and taking specific measures in transportation such as ports, airports, and land crossings, to reduce The spread of health risks, without
There are also lessons from dealing with the new Corona virus that can be used in our political dealings, the most important of which are:
1- That technological development, globalization, and considerations of market economies will all remain part of the future societal equation, with all its pros and cons.
2- We live in an integrated world, and we depend on each other, and therefore cooperation is a necessity, isolationism and unilateral decisions are a chain bound to failure in the long run. Fast and as much as possible.
3- That pluralism and setting the rules for collective preventive action are better and safer in the long-term and strategic, and that giving priority to immediate needs at the expense of the long-term interest is not a solution, but rather inevitably takes us from one problem to another.
4- That confronting urgent problems will require from time to time precautionary measures by states and governments, but they must be in accordance with the need and for specific and limited periods.
5- The importance of having strong and effective governmental authorities and agencies, knowing that their strength and success will depend on their success in educating their people and communicating with them with credibility.
6- The necessity of respecting international law, general rules and equal rights of peoples in order to preserve international stability from fluctuations in the balance of power and emerging international challenges, in order to ensure states' commitment to their obligations.
7 - That dealing with issues in an international, prior, preventive and strategic framework is not a necessity, but a necessity, including for example climate change, the scarcity of available freshwater quantities, extremism and terrorism, the militarization of security concepts, the excessive use of force to resolve disputes, and employing modern technology to develop Military capabilities, including outer space.
Nabil Fahmy
Independent Arabic LINK
Frank26 Video "Allawi Allowed Today" and Walkingstick 3-9-2020
.KTFA:
Walkingstick: Sumaisem told Obelisk: The central bank put up $ 250 million to prevent the collapse of the dinar ... and the deficit of $ 51 billion ... and then what?
3/9/2020 11:15:02 AM
Baghdad / Obelisk: Economist Salam Smaism, on Monday, 9 March 2020,
considered Iraq and Iran to be one of the biggest losers in the oil price war between Saudi Arabia and Russia, and this caused a major economic blow on them.
Sumaisem said in an interview with "Obelisk" that the central bank put 250 million dollars, Monday, March 9, 2020, for trading in order to control the currency market and prevent the collapse of the Iraqi dinar.
And Smisim continued: The budget was not deliberately approved, and the corrupt people prepared it at the price of $ 56 a barrel of oil, which is now falling to $ 33 and an approximate deficit of more than $ 51 billion!
She added: No one dares to ask: What then? The Iraq treasury will be emptied, and who is responsible?
KTFA:
Walkingstick: Sumaisem told Obelisk: The central bank put up $ 250 million to prevent the collapse of the dinar ... and the deficit of $ 51 billion ... and then what?
3/9/2020 11:15:02 AM
Baghdad / Obelisk: Economist Salam Smaism, on Monday, 9 March 2020,
considered Iraq and Iran to be one of the biggest losers in the oil price war between Saudi Arabia and Russia, and this caused a major economic blow on them.
Sumaisem said in an interview with "Obelisk" that the central bank put 250 million dollars, Monday, March 9, 2020, for trading in order to control the currency market and prevent the collapse of the Iraqi dinar.
And Smisim continued: The budget was not deliberately approved, and the corrupt people prepared it at the price of $ 56 a barrel of oil, which is now falling to $ 33 and an approximate deficit of more than $ 51 billion!
She added: No one dares to ask: What then? The Iraq treasury will be emptied, and who is responsible?
And Sumaisim considered that Iraq is a victim of the war in oil prices launched by Saudi Arabia after the collapse of the Russia deal.
Sumaisem said that Saudi Arabia is flooding the world oil markets with oil to punish Russia for its refusal to reduce OPEC prices, while Russia's economy, which depends on oil revenues, faces a major crisis.
Oil prices tumbled in global markets after Saudi Arabia decided to increase supplies in a price war with Russia after an agreement between OPEC and Moscow collapsed, as well as regional and global stock exchanges and oil and aviation stocks collapsed against the backdrop of a price war and fears of an outbreak of the Corona virus.
The head of the Center for Political Thinking, Ihsan al-Shammari, said on Monday, March 9, 2020 that the decline in oil prices will cast a shadow on the level of Iraqi per capita income, fully blaming the government of Adel Abdul Mahdi for the implications of this decline and its impact on Iraq's economic future.
Obelisk
http://almasalah.com/ar/news/189077/ Smsim-for-the-obelisk-central-bank-subtract-250-million-dollars-to prevent the collapse of the dinar-and-deficit-51-billion-dollars-and what-after- that
Frank2: 3-9-20 ALLAWI ALLOWED TODAY
Streamed live 37 minutes ago
This video is in Frank’s opinion.
Frank, Delta, MilitiaMan and more Saturday Night 3-7-2020
.KTFA:
DELTA: A new product through the system for the window selling foreign currency to the Central Bank of Iraq.
MARCH 4 ,2020
Al Mansour Software Solutions Co.
Mansour Express Exchange and Remittance System
It is an electronic computer system that supports the exchange and money transfer companies that have been developed to suit all exchange operations and transfer funds by experts and specialists in this area, in addition to the legal accounting of evidence Calculations and the status of accounting values within international accounting
The system consists of the department of the system management, the accounting section, the exchange section, the incoming and incoming remittances section, as well as their treatment from the department of the system, the accounting section, the department of the banking department, the incoming remittances section and the department of the accounting system. Accounting, public budget and reports for regulatory services.
KTFA:
DELTA: A new product through the system for the window selling foreign currency to the Central Bank of Iraq.
MARCH 4 ,2020
Al Mansour Software Solutions Co.
Mansour Express Exchange and Remittance System
It is an electronic computer system that supports the exchange and money transfer companies that have been developed to suit all exchange operations and transfer funds by experts and specialists in this area, in addition to the legal accounting of evidence Calculations and the status of accounting values within international accounting
The system consists of the department of the system management, the accounting section, the exchange section, the incoming and incoming remittances section, as well as their treatment from the department of the system, the accounting section, the department of the banking department, the incoming remittances section and the department of the accounting system. Accounting, public budget and reports for regulatory services.
MilitiaMan: Thank you for the find Delta.. I see this is a few days old now. Is that what the RED ALERT was about 3-4 days ago? lol.
They clearly have now set things up to be electronic and in a big way. And in an International way. They are telling us they have the legal accounting, evidence of "Calculations", of Accounting Values, with International Standards.
That last sentences suggests they have the international rate to go with it too.
Keep in mind Experts and Specialists will be using the software, as it is a full management system of incoming and out going remittances. They would not be going cashless with a system like this at a program rate and at a time like this. But at an international rate imo, yes they would.
The accounting of Public Budgets and the ability to report to the Regulators and in a transparent way with speed and efficiency will make this move to a market economy smooth, safe and secure. imo CASH LESS...
Having the cash register X'd out shows they need to cease the use of cash. As we spoke about Delta, with the CBI telling banks to stop using cash because of the Corona Virus, they'll (the CBI) need to cease using cash as well. All types of currencies, too.
Thus, they will need to stop the Currency Auctions. (KO punch to Iran?) They now have a valid excuse outside the parameters of the GOI to RI, as it is vital to the Monetary system to keep money moving.
They stop money movement they will have problems with the IMF, UST, WB, inflation rearing it's ugly head, no liquidity, etc.. So this suggests they are ready to raise the rate soon, as they have the calculations and values necessary to do so. The have the excuse of the virus as an ace in the hole to get it done. imo
The above mention of calculations and value is important, imo. We knew that the CBI told the money ex changers weeks ago they need to have the 2019 numbers to the CBI by 02/29/2020 or be fined daily for lack of reporting. The above supports that to have been done now.
What also supports that, is we have had articles telling us thy have 9 key banks all geared and ready to help facilitate electronic payments, ACH money transfers, etc.. Then the show us they have a MOU with 70 more banks and hundreds of money ex changers to facilitate money movement.
We already witnessed the CBI telling us in a 55 page report they have accepted article 8 obligations that includes lifting exchange restrictions. By lifting exchange restrictions they can not stop the movement of capital!!
With stopping cash sales at the auctions without announcing article 8, as in announcing they lifted the 000s from the exchange rate and give an international calculation to it they would be in violation of that. imo. Therefore problems arise. So with all we know, that will not be the case.
They will soon announce they are Art 8 and at what rate they have calculated for the value of the future IQD exchange rate that all the Iraqis await and we too.. imo
Delta! Agreed, the Perfect Storm is Upon us.. ioo... lol ~ MM
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Youngsc: But we need a seated PM with seated cabinet before the rate comes out as Frank stated?
Iobey777: IMO.... WALKINGSTICK has already told us that they DO have a seated Pm and Cabinet with Mahdi, although it is a "caretaker" Gov't it can hand off the RI!! IMO! This is looking VERY EXCITING!
Frank26: 3-7-20 Q& A
This video is in Frank’s opinion only
DAYLIGHT SAVINGS TIME... SPRING FORWARD TONITE FAMILY!!! SMILE...MORE DAY LIGHT!!!
KTFA CC Replay and "News and Views" Tuesday Afternoon 3-3-2020
.KTFA:
Monday Night CC 3-2-2020 with Frank26
Clare: FROM ANGEL-1: This is AG's text to FRANK at the end of the CC, which FRANK read to us...
It’s perfect timing... This should bring greater confidence to the family... this is what you and I talked about today... see below. THE BAGHDAD POST TWITTER: It is reportedly that #Muqtada Al-Sadr will be designated on terrorism list for his direct role in mass murder in #Iraq. He also will face tough #US sanctions This is HUGE! Thank you MTA!!!
KTFA:
Monday Night CC 3-2-2020 with Frank26
Clare: FROM ANGEL-1: This is AG's text to FRANK at the end of the CC, which FRANK read to us...
It’s perfect timing... This should bring greater confidence to the family... this is what you and I talked about today... see below. THE BAGHDAD POST TWITTER: It is reportedly that #Muqtada Al-Sadr will be designated on terrorism list for his direct role in mass murder in #Iraq. He also will face tough #US sanctions This is HUGE! Thank you MTA!!!
MoeApollo: Just a few minutes ago, one of the Twitter accounts that posts about the protestors posted about a young woman that was kidnapped after she criticized Sadr. I retweeted the post on this & they're sharing it everywhere now. A LOT of people have been waiting for this. Kudos to Frank, Angel-1 and the team for bringing it up!! Hope...is what they need. They need to know they are being heard...
Zeeman: great news that sadr is a terrorist now. there is hope Malaki will join him soon….may they both get what they deserve
Samson: "Money" completes the project of transferring electronic financial data to banks
3rd March, 2020
Al-Malwal Company for electronic payment services announced, on Tuesday, that it has completed the project of transferring data and electronic financial movements of banks contracting with it to the live work environment in the company’s data center inside Iraq
The company said in a statement received by "Al-Iqtisad News", that it "with the beginnings of the month of March of this year and in compliance with the instructions of the Central Bank of Iraq, completed a project to transfer all data and electronic financial movements to Iraqi banks contracting with them, dealers and all of its customers to the live work environment in the company data center inside Iraq
The statement added that the company’s data center is “equipped with the latest technologies and software to meet the aspirations of beneficiaries to obtain the best payment services and all operations are now being followed up to ensure the highest quality
He continued, "The money company was established for the electronic payment industry inside Iraq, and it is the first company that enabled its banks to issue internationally accepted electronic cards, and the company today is part of a network that includes Iraq, Jordan and Palestine
It is reported that the money company is a company licensed by the Central Bank of Iraq with a license (collector, processor, source) and it serves nine Iraqi banks and a large number of merchants LINK
DELTA: SUPER SAMSON GREAT ARTICLE ........THEY ARE DONE AND LIVE...
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2Cents: Why did Mahdi resign????
Why did he go to such elaborate lengths yesterday to make sure he is not involved in any day to day decisions???
Based on WS postings yesterday, Mahdi failed to implement the CBI RD/RV plan twice already this year....
Perhaps, Mahdi has been threatened and/or compromised by Iran and he is now operating out of Fear......We know Iran does not want a change in the currency sales as it would cut off the flow of USD into Iran and Hezbollah....... Based on WS posts, it appears that the GOI, by and through the PM, must have to do something to allow the RD/RV and or RI.......WE always believed the change in currency must be authorized by the government......Based on WS posts, it may appear that is the case.....
Note that the UN report states:
"there are armed groups outside the Iraqi state that prevent him from operating normally
Is this the possible reason of Mahdi's failure to implement?????
The question is now whether the Deputy PM's now have the authority and courage to implement or do we have to wait for a PM to be seated to have the authority....
Just some thoughts....
The ultimate question I have had since the WS posts yesterday is whether implementation of the CBI plan to RD/RV------->RI requires some action of the PM to implement......??????
Hammy14: 2cents, I asked that very question to some folks with knowledge of the situation, and I was told the CBI can certainly RI the currency on their own, but would be taking a risk in doing so, since they need the support of the citizens to make it all work. Therefore, they (CBI) would much prefer the cooperation of the GOI and the economic reforms to support the value of the monetary reform put forth by the CBI. So apparently, Mahdi, under Iranian influence, refused to move forward with the economic reforms needed to support the CBI's intended goal. Simply put, it all goes back to the need to remove Iranian influence and Iranian puppets within the GOI. Time will tell, but they may have to completely dissolve Parliament to get that accomplished. We shall see. All IMO
Mr Harfax: I don't know if it requires an action of the PM but every day I ask myself what good would a rate change today do for Iraq? IMO until there is a mechanism to put Dinars in the hands of Iraqis citizens (i.e. a budget with programs and projects to create jobs) I don't see why the CBI would pull the trigger. These dance partners need to get on the same page.
BlaqueBeauty: Hello, imo per delta yesterday live, it was stated cbi is it's own entity and can not wait any long for goi to get there act together, therefore cbi train still moves forward, but would look good if they could both be presented together Also imo per the count down has been started from the 24th if feb and 15days and possible Election Sunday and march 30th iraq open for business event, something is going on behind close doors
Popeye7: As has been spoken on this site, by giving Iraq a true rate would cut off Iran's money supply, and thus their influence within Iraq's governmental affairs... This all seems to be coming to a head, and there is certainly more going on in a more positive way, than what the media is portraying... IMO...
The CBI continues status quo, and one true indication of success personally is the rate of the Iraqi dinar remains consistent... Has not lost any significant value, and if the powers that be knew they were not succeeding in bringing to fruition the ultimate goal of RI'ing Iraq's currency, IMO, the rate would become even more worthless in order to apply even more pressure...
But that has not been the case, and as we know the rate is relatively stable... Despite all of the drama, and at times chaos that has transpired within Iraq in recent years... With that in mind, IMO, those who control all of this ultimately, have a specific date in mind... And Reinstating on this particular date must be of utmost importance for more reasons than one IMO... Otherwise, why the wait?...
2Cents: If CBI can just implement the RD/RV------>RI, why would WS say it was Mahdi that failed to implement twice.....???? What does Mahdi have to do with it??????
Mr. Harfax: And would the CBI want the current contingent to have access to this tool in this current environment? I'm certainly excited with the progress they have made removing/limiting the corruption but given that we are seeing new names added to the list on the regular it would appear there is still work to be done. I suspect some of the incumbents would welcome the opportunity to attempt to take advantage of the current environment (i.e. GOI sub-optimal). There is still work to be done but they are getting there...
Samson: Deputy: 400 corruption files affecting ministers and governors that will be opened in the new legislative term
17:52 - 03/03/2020
Member of Parliamentary Services Committee MP Abbas Yaber Al-Atafi confirmed that the new legislative term will witness the opening of about 400 corruption files affecting ministers and governors in the country.
Al-Atafi told / Information / that “about 400 corruption files will be put in the parliament with the start of the new legislative term,” noting that “these files are the most dangerous in terms of theft and waste of public money since 2003 until now.”
He added, "The files, some of them, affect senior officials in the Iraqi state, including ministers, governors, and directors," noting that "the committee will begin to sort the files on the members with the start of the new legislative term for verification." LINK
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Samson: The International Monetary Fund and the World Bank pledge to help countries tackle Corona
3rd March, 2020
The International Monetary Fund and the World Bank have announced their willingness to help countries deal with the financial and health impacts of the Coronavirus as it spreads to 60 countries around the world
"We are ready to help members face the human tragedy and economic challenge posed by the Covid 19 virus," the two largest international institutions said in a joint statement
The statement continued: "We are actively cooperating with international institutions and local authorities, with special attention paid to poor countries for the weak health systems there
"We will use our available tools to the fullest extent possible, including emergency financing, policy advice and technical assistance, and we have rapid financing facilities that together can help countries respond to a wide range of needs," the statement added
The International Monetary Fund and the World Bank emphasized that strengthening health surveillance and response systems in the country is essential to contain the spread of this disease and any future outbreaks LINK
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Samson: New Iranian official infected with Corona virus
3rd March, 2020
Iranian media said that the adviser to the Minister of Foreign Affairs, “Hussein Sheikh Al-Islam,” was infected with the new Corona virus after testing for this virus. “I have been informed that Hussein Sheikh Islam, Adviser to the Minister of Foreign Affairs (Muhammad Jawad Zarif), has also been affected by the emerging corona virus, and he joined the convoy of officials with this The virus.”
In the same context, the World Health Organization announced, on Monday, that an employee of its office in the Iranian capital, Tehran, was infected with the new Corona virus, according to a tweet through its official account on the Twitter platform. "It has now been established that a WHO staff member in our country office in Iran is infected with the emerging coronavirus and has a mild illness," the organization wrote.
Meanwhile, the CEO of the National Bank of Iran (Melli) and President of the Association of Banks, Mohammad Reza Hussein Zadeh, announced on Monday, the death of four Iranian bank employees as a result of infection of the new Corona virus.
Hussein Zadeh wrote in his official account on “Instagram” that “four Iranian bank employees died due to the Corona virus,” adding that the deceased persons work in the bank “commercial, welfare, housing and national”. LINK
Samson: An unprecedented rise in corona deaths and injuries in Iran
03/3/2020 14:06:41
The Iranian Ministry of Health announced that it registered 835 new cases of coronavirus within 24 hours.
It also announced that the number of deadly virus deaths in the country had risen to 77.
As the deputy speaker of the Iranian parliament, Abdulreda Masri, announced that the number of deputies infected with the new Corona virus had risen to 23 deputies. LINK
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Samson :The suspension of UN sessions and seminars due to the Corona virus
3rd March, 2020
Sky News, in Arabic, reported on Monday evening, in an urgent news, that the new Corona virus caused the suspension of the United Nations sessions and seminars in the 43rd session.
The Commissioner for Health Affairs announced that food safety by the Commission of the European Stella Kyriakides , recording 2100 confirmed cases of virus Corona emerging and 38 deaths in 18 member countries of the Commission.
The Chinese authorities announced, earlier in the day, the death toll from the Corona virus in the country to 2912, and confirmed infections to more than 80 thousand.
The number of people infected with the virus worldwide reached more than 88,000, of whom nearly 3,000 died, while 42,670 people have recovered so far, according to the World Health Organization , on Sunday. LINK
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Samson: The United States begins withdrawing its forces from Afghanistan
3rd March, 2020
US Defense Secretary Mark Esper has announced that he has given the go-ahead to the chief commander of US forces in Afghanistan to begin an initial troop withdrawal from there.
At a news conference at the Pentagon, Monday, Esper said he was not sure whether the withdrawal had begun, but he said it would need to begin within 10 days of signing a peace agreement with the Taliban on Saturday.
The US official also indicated that General Scott Miller, the commander of US forces in Kabul, has the authority to start withdrawing troops to the limit of 8,600 soldiers from the current total of 13,000.
He continued, "We will show goodwill and begin withdrawing our forces." LINK
Frank, Walkingstick and KTFA Members Monday PM 3-2-2020
.KTFA:
BlueJen: IMO Frank alluded to a Delay in the last UB2B.
Harb, the Legal Expert has extended the Deadline of Mar 2nd to Mar 8th due to Holidays. Harb also stated Allawi has met the Deadline by Presenting the Cabinet and he has a Legal Right to remain in Office. This "Throwing in of the Towel" is a weak move for someone who has stood against Corruption and also Declared on TV he would Prosecute any Minister who was Corrupt and was Paid to come Against the Cabinet. Completely un-Trump Clone-like. This is becoming very Theatrical and illogical.
Khoumeni arrives for a Mtg and no one is talking about it....Why? I expected Iran to be given Terms and the remaining Proxies to run back to Iran with their tails between their legs. Instead the Embassy deals with another Missile Attack. Potentially the Citizens are going to escalate and more than likely burn out Halbousi, maybe even Sadr and a few others.
The UN n USA are putting great pressure to Prosecute the Caretaker GOI for Human Right Violations. The GOI looks like Keystone Cops. Meanwhile the Banks continue Training, now Customer Service material.
KTFA:
BlueJen: IMO Frank alluded to a Delay in the last UB2B.
Harb, the Legal Expert has extended the Deadline of Mar 2nd to Mar 8th due to Holidays. Harb also stated Allawi has met the Deadline by Presenting the Cabinet and he has a Legal Right to remain in Office. This "Throwing in of the Towel" is a weak move for someone who has stood against Corruption and also Declared on TV he would Prosecute any Minister who was Corrupt and was Paid to come Against the Cabinet. Completely un-Trump Clone-like. This is becoming very Theatrical and illogical.
Khoumeni arrives for a Mtg and no one is talking about it....Why? I expected Iran to be given Terms and the remaining Proxies to run back to Iran with their tails between their legs. Instead the Embassy deals with another Missile Attack. Potentially the Citizens are going to escalate and more than likely burn out Halbousi, maybe even Sadr and a few others.
The UN n USA are putting great pressure to Prosecute the Caretaker GOI for Human Right Violations. The GOI looks like Keystone Cops. Meanwhile the Banks continue Training, now Customer Service material.
And so we wait for Monday's UB2B for a Clue about next Sunday's reveal???
We're gonna need more Cookies IMO
The Snod: Several months ago, WS said there was a back-up gov’t in place if necessary. Iran trumps Trump? Trump and China trumps all.
GodLover: If what you state is accurate as far as WS stating this......then it does give some peace of mind imo. With that said, makes me wonder why the back-up government has yet to be exposed? There has to be an actual reason for this back-up government not being exposed yet...imo.
I have made it known that I feel the need for a seated GOI prior to the MR....per articles that have stated this as well over the last months imo. Not to mention the thought of releasing the MR without a seated GOI seems impractical imo. On that same thinking.....maybe it's not the CBI waiting for the GOI seating....but the back-up government is waiting for the CBI to be ready? imo. Some will agree....some will disagree....it is what it is, but ultimately we are still hoping & praying we are at the end of this ride, grasping for reasons why it has yet to happen imo.
Walkingstick: Ftti (For those that inquired) : IMO...Too much, focus ... on Allawi... Keep in mind, whether... Allawi is seated or not.. Iraq, does have .. a seated and functioning government/cabinet in place.. which, continues to convene and issue directives under Mahdi.....
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GodsServant: Thank you for your post WS. The existing Govt as I understand it is a Caretaker Govt and cannot pass any new laws. They can only enforce what has been approved.
As Frank said the button was pushed on the 24th IHO and many in here are wondering what was initiated on the 24th. In following the constitution Salih has 7 days to accept MTA's resignation and then 15 days to name the new PM. In the meantime Mahdi is still the PM , and he is suggesting in articles that he can dissolve Parliament.
It appears that the CBI is waiting on Citizens to be satisfied as they remain the largest Bock.
My understanding is Parliament can be dissolved by the PM and President agreeing along with a 1/3 vote from Parliament. IMO MTA was not able to get his vote of confidence even with his independent cabinet.
IMO we should study the constitution and see what it takes to dissolve Parliament and watch the actions of the incumbents and what they do for the Citizens. Can the CBI move forward, I believe the answer is yes. The question is why haven't they and what stopped them the last two times.
All open for study and comments. Thank you KTFA
Walkingstick: Agreed, Mahdi and his cabinet (form) nothing more then a care-taker government... Yet, they are in fact a seated government... Nor, can they now or have they ever had the authority to vote on a bill, to become law ... The PM and his cabinet propose bills, which...in turn, are forwarded to parliament for a vote, which are then voted on... becoming law, or not....
Parliament, on the other hand... is not, part of the executive branch... Any bill that has reached parliament, sitting in parliament (100's ) or was approved prior to Mahdis resignation can be voted on in parliament. ie: 2020 budget.. Parliament must also vote on the acceptance of a cabinet put forward by any PM...
As a caretaker government Mahdi and his cabinet cannot issue bills to parliament but they can issue directives to other branches of the government. ie: release of funds to citizens, claim a holiday, etc..These do not require a vote in parliament...
I agree, and yet the CBI has been prepared for quite some time... An event, Mahdi failed twice in its implementation...
Myself, I put no faith in their abiding by their constitution... They opt to select when to abide by it when it's in ones best interest... In the years since it was voted on, all sitting governments have been in violation.... Article 140, HCL... only 2 of many clear violations....Regards.....
Frank26: 3-2-20. SCANDALOUS
Monday Conference Call: 7 pm est 605-313-5164 PIN: 156996#
Playback Number: 605-313-5163 PIN: 156996#
Livestream: https://livestream.com/frank26
Frank, Delta and MilitiaMan Saturday Night 2-29-2020
.KTFA:
Article: Al-Shammari: There is no truth to present a new candidate for prime minister, and we hope that youth elements in the booth LINK
MilitiaMan: The media has been used to keep the pot stirred. Behind the scenes, is probably more refined than what is being portrayed. Some confusion, some propaganda, some truth and even blatant lies are all mixed in the pot.
This was told to us time past and many years ago would be a part of the process by Dr. Shabbibi . As 2 Cents has just reminded us these articles lately are all too familiar. The back and forth sown to the wire is culturally a norm. Going to negotiate to the last second..
The new PM designate has nothing to lose, yet, the corrupt have everything to lose.. They clearly don’t have the will of the masses in mind. They have themselves and those close more in mind and most likely have them on the dole in some shape or fashion.
KTFA:
Article: Al-Shammari: There is no truth to present a new candidate for prime minister, and we hope that youth elements in the booth LINK
MilitiaMan: The media has been used to keep the pot stirred. Behind the scenes, is probably more refined than what is being portrayed. Some confusion, some propaganda, some truth and even blatant lies are all mixed in the pot.
This was told to us time past and many years ago would be a part of the process by Dr. Shabbibi . As 2 Cents has just reminded us these articles lately are all too familiar. The back and forth sown to the wire is culturally a norm. Going to negotiate to the last second..
The new PM designate has nothing to lose, yet, the corrupt have everything to lose.. They clearly don’t have the will of the masses in mind. They have themselves and those close more in mind and most likely have them on the dole in some shape or fashion.
The re iteration that the validity of having another choice for PM is not true according to the above. Whereby, it is imo supporting a view this is being orchestrated to a specific time that gets it down to the wire. With Allawi having been very focused and working behind the scenes long before it was made public and having the support of the citizens has possibly fueled their behavior to do whatever it takes and as long as it takes to save what they may or should know is lost by now.
So within the next day or so we should see the results of Allawi’s efforts. Those efforts should have the citizens in mind away and devoid of corruption as best as possible and additionally the personal and economic needs of the citizens met.
From the CBIs perspective they are and have been ready and it is my understanding the CBI has publicly shown the citizens they are accepting the IMF obligations of Article 8. That was back on the 23rd of February 2020 in a 55 page report in Arabic. It mentions getting the flow of money to the citizens, lifting restrictions on their funds and allow freedom of external transfers of such funds.
That report has me of the mind once it was published for the citizens, it was notice to the BIS the citizens, and then to us that they are going to be lifting the exchange rate at a very close point in time, imo. Add in the printing of new notes, minting coins, all have been done with the afore being and end game notification if you will.. imo.. ~ MM.
DELTA: HELLO FAMILY THIS IS THE PROVE OF ARTICLE VIII FROM CBI 55 PAGES DOCUMENTS ...
9.. Restricting foreign transfers or regulating the flow of money out to citizens is a trend that is not consistent with the fact that the Iraqi dinar is transferable with its equivalent of hard currency inside Iraq, as well as that is inconsistent with external transfer and Iraq’s commitment to international agreements, in particular the application of provisions of texts Article 8 of the International Monetary Fund agreement, which obliges member states to adopt the freedom of external transfer and lift restrictions on the movement of citizens ’funds, except for legal violations resulting from terrorist financing
MilitiaMan: Foreign Currency Equivalent means, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Foreign Currency as determined by the Administrative Agent at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Foreign Currency with Dollars. Sample 1 Sample 2 Sample 3 Based on 97 documents
https://www.lawinsider.com/dictionary/foreign-currency-equivalent
MilitiaMan: Thank you Delta, bringing in the proof is fascinatingly apropos. You supported the data we have that they the CBI has offered the public. They have given notice of a change to come. They are on a time line now.. That link above gives legal text examples of the meaning for Foreign Currency and Hard Currency (USD) with respect to samples of internationalism to go along with it. They have and will have obligations now that they came out with that data. Whoo yahhh! imo Lets hope we see the train stop and the whistle blows the IQD announcement of a new international rate... !!!+ ~ MM
KTFA, Frank, The Atlantis Report and more Thursday PM 2-27-2020
.KTFA:
Tawfiq Allawi requests the Presidency of Parliament to postpone the session 48 hours LINK
Suzie: OMG...I'm shocked.....IRAQ postponing something...I'm floored by this, well it is going on 5:00 over there and they've probably already put in a full day of nothingness. How are they going to greet the world with an internationally recognized currency when they seemingly can't decide who the next dogcatcher is going be. Do I sound fed up with their "antics", well, I am and so should their people and the world for that matter. Again, JUST MY OPINION!
The Snod: Peep’s, we have to make it look like the GOI is going through something that resembles normal processes for political posterity, but they are highly over-leveraged by us. We are watching the final brooming of the floor. Since 2017, the political will appears to be here, and the Trump deals are looming.....
KTFA:
Tawfiq Allawi requests the Presidency of Parliament to postpone the session 48 hours LINK
Suzie: OMG...I'm shocked.....IRAQ postponing something...I'm floored by this, well it is going on 5:00 over there and they've probably already put in a full day of nothingness. How are they going to greet the world with an internationally recognized currency when they seemingly can't decide who the next dogcatcher is going be. Do I sound fed up with their "antics", well, I am and so should their people and the world for that matter. Again, JUST MY OPINION!
The Snod: Peep’s, we have to make it look like the GOI is going through something that resembles normal processes for political posterity, but they are highly over-leveraged by us. We are watching the final brooming of the floor. Since 2017, the political will appears to be here, and the Trump deals are looming.....
Red Pilled and Poised: Frank told us the vote does not matter. If the vote occurs on Sunday, or Saturday as mentioned in a previous article, the rate can change and we could very well see this going on a Sunday into Monday.
Youngsc: I strongly suggest that you guys watch Franks YouTube last night and listen carefully to what he had already stated in his opinion about the PM and his cabinet over a dozen times.
Cleitus: Family, listen to last night's ub2b at the 2:13:28 onward and listen carefully what Frank is telling Eddie! There is much to gather from that conversation and it's all POSITIVE!
Frank26: 2-26-20 STERILIZE THE ZEROS WITH CORONA
THIS ENTIRE YOUTUBE IS IN FRANK'S OPINION
https://www.youtube.com/watch?v=_8gpTQh7Pg
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Samson: The Central Bank is organizing a dialogue seminar on government banking governance
27th February, 2020
The Center for Banking Studies at the Central Bank of Iraq organized a seminar
titled: Governance of Governmental Banks, presented by Dr. Khawla Talib Al-Asadi,
former General Manager of the Rafidain Bank.
The symposium included several axes on the importance of structuring and
governing banks to manage their risks, the importance of automating operations,
and developing internal control systems.
The Central Bank of Iraq
information Office
February 27, 2020
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Courtesy of Dinar Guru
Frank ...we have a cloud of smoke from the excitement from the explosion IMO of them actually pushing a button...it's not dark humor. It's not science fiction. It's not a comedy. It's all great. The Prime Minister twice talked to the citizens of Iraq about the exchange rate for the improvement of their economy. Twice he's talked about the exchange rate. He also talked to them about the vote. And yeah they're gonna have the vote and he gave the reason why there won't be one today [Wednesday]. It looks like Thursday. Tomorrow hopefully they get it all done. That's really not important. It's really not. IMO the government has been functioning with no problem for quite a while...
Frank This past Monday they pushed the button on the 30 day countdown of the formation and announcement and the introduction of the budget and the introduction of the new rate all within that 30 day time-frame. This is all IMO. I don't know...I wanna say I feel I'm 99% positive about this but I have to be polite and say this is all my opinion because it's not like I can show you...because I can't...
Pimpy ...Dr. Shabibi wrote an article complaining that the monetary policies that the CBI is under from the IMF and World Bank helps keep inflation low but it really chokes off their ability to grow economically. He's the one pushing for a rate change...
Markets in Free Fall Worldwide as Country after Country becomes Economically Crippled !!
The Atlantis Report: Premiered 51 minutes ago
The Fear of the epidemic causes Dow Jones and Nasdaq to plummet. American Airlines swoops - Strong sales on Microsoft and Apple that drag the market down - Oil is falling.
The Financial Markets globally are in free fall as the world wakes up to the fact that we are in the middle of a virus pandemic. This is a worldwide epidemic .
Even here in the United States, we have this one case that everyone's focusing on, but what we failed to miss is the fact that the CDC; because of a problem in getting their test reagents out to the local labs, we've hardly tested anyone.
And so here the absence of evidence is not evidence of absence. I think we have a much more robust transmission going on in this country right now that we just haven't picked up.
And this is happening in countries around the world. Now 50 countries confirmed, and I suspect it's in many many more than that that will be confirmed in the days ahead.
The virus continues to spread globally. More than 80,000 cases have been confirmed worldwide, including just under 1,000 in South Korea, more than 280 in Italy, and 53 in the United States.
President Donald Trump may claim that the U.S. has the virus under control, but health experts and stock market strategists are less confident in the administration’s assessment.
Japan has called for all public schools to be closed from next Monday to the end of spring break in April. This, as infections outside China, now outnumber those inside China.
Saudi Arabia stopped the pilgrimage to the Islamic holy sites. Numerous international flights have been cut back or canceled.
Altogether, 50 countries or territories have confirmed cases of the virus. South Korea has again seen its biggest one-day jump in infections, and Saudi Arabia has stopped travel to religious pilgrimage sites due to fears over the virus.
In Europe, Italy's outbreak has worsened, while Romania, Denmark, and Estonia are the latest countries to confirm cases. And Australia is taking emergency measures to stop the disease spreading. Numerous international flights have been cut back or canceled.
Countries around the world are fighting to ward off a pandemic. And the FED is speechless in the face of trillions in lost global GDP output; as country after country becomes economically crippled.
Welcome back to The Atlantis Report.
CNBC reported that the virus already wiped out $1.7 trillion in US stock market value in two days. Dow Plunges To Worst Level Since December.
The Dow Jones Industrial Average is now at its lowest level since early December. The S&P 500 lost an estimated $1.737 trillion in value in two days. Bounced hard off of something 150 pts in seconds. The bounces are inevitable; traders are going on hunting trips hoping to catch bears out.
For the full transcript go to https://financearmageddon.blogspot.com
Frank26 Video "Sterilize the Zeros with Corona" and more....2-27-2020
.KTFA:
Samson: Muhammad Allawi applies to Britain to give up his nationality
27th February, 2020
Prime Minister-designate Muhammad Tawfiq Allawi sent a request to the British ambassador to give up his citizenship.
Allawi had promised to give up his British citizenship when assigned to head the new government. LINK
KTFA:
Samson: Muhammad Allawi applies to Britain to give up his nationality
27th February, 2020
Prime Minister-designate Muhammad Tawfiq Allawi sent a request to the British ambassador to give up his citizenship.
Allawi had promised to give up his British citizenship when assigned to head the new government. LINK
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Frank26: 2-26-20 STERILIZE THE ZEROS WITH CORONA
THIS ENTIRE YOUTUBE IS IN FRANK'S OPINION
Samson: Iraq is reassured that the production and export of oil are not affected by the Corona virus
27th February, 2020
The Iraqi Ministry of Oil confirmed that its preventive measures in oil installations to prevent corona virus did not affect the production and export of crude oil.
Ministry spokesman Assem Jihad said in a statement to the Iraqi News Agency "conscious": "The ministry and since the beginning of the emergence of Corona took several preventive measures, especially for Chinese oil companies. "And that "the measures were to postpone the arrival of Chinese workers who enjoy holidays to Iraq, as well as allocating Health awareness teams to define this disease and ways to prevent it, whether for Iraqi or foreign workers in the oil fields. ”
Jihad added, “Preventive measures did not affect the production and export of Iraqi crude oil,” stressing that “there are no symptoms of Corona virus on workers in the fields.” Oil." The committee of Diwaniya Order No. 55 of 2020 decided to suspend official working hours in all educational institutions and universities, and to close public shops for a period of 10 days. It also decided to ban travel to 9 countries and examine arrivals from those countries.
This comes after the Iraqi Ministry of Health announced today the registration of the first infection with the "Corona" virus in the capital, Baghdad. LINK
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Samson: The International Monetary Fund and the World Bank are considering holding "virtual" spring meetings with the spread of Corona
27th February, 2020
Informed sources said that the increasing concerns within the International Monetary Fund and the World Bank about the spread of the new corona virus led them to consider reducing the spring meetings scheduled for April or holding them via internet conferences
About ten thousand government officials, journalists, businessmen and representatives of civil society from around the world will participate in the meetings of the two institutions that take place between April 17 and 19 and will be held in a crowded area in the center of Washington, DC, where their headquarters are
Financial markets have fallen sharply in recent days due to news of the rapid spread of the virus in Europe. Italy announced that more than 400 people were infected with the virus, and it was confirmed that people who visited Italy in Brazil, Algeria, Austria, Croatia, Greece and other countries were infected
In the past few days, the IMF has warned of more economic damage due to the spread of the Corona virus outside China and the reduction of its forecast for global growth in 2020
The spread of the virus raises fears within the International Monetary Fund and the World Bank that the mixing of delegations of the 89 member states during the spring meetings may contribute to the problem inevitably
Officials from the two institutions and members of governments said that talking about canceling the entire meetings is premature, but they are considering several options to amend them. They added that no decision had been taken yet, noting that this would depend heavily on efforts to contain the virus in the coming days and weeks
Options include reducing the number of meetings, canceling additional activities, and reducing the number of delegates who will travel to Washington. Another alternative is to conduct “virtual” meetings over the Internet, while the possibility of holding the meetings as usual continues to exist
In response to inquiries from Reuters, the IMF and the bank said that the senior leadership teams were closely monitoring the spread of the Corona virus
"The issue of the arrangements for the Spring Meetings is coordinated by the Fund and the Bank with the respective secretariat, and it is our main liaison office with shareholders. We are awaiting a decision on the scope and scope of the Spring Meetings in the coming days," the statement said
The two international institutions previously canceled their annual meetings in the American capital after the attacks of September 11, 2001, and then took place in November of the same year in Ottawa, Canada
Samson: The world incurs more than $ 3 trillion in losses due to Corona
27th February, 2020
The number of new cases of coronavirus emerging outside China, by the end of Wednesday, exceeded the number of cases of the disease in China within one day, according to the World Health Organization.
Italy has become a hotbed of disease outbreak in Europe, and Iran has become a hotbed of outbreaks in the Middle East, which has helped the virus appear in a large number of countries within days. And Pakistan, Sweden, Norway, Greece, Romania and Algeria announced the first cases of HIV infection, and Brazil announced the registration of a case of the virus, as the first case in Latin America. The rapid spread of the disease during the past few days afflicted the world markets with panic and panic, and the global stock exchanges lost billions of dollars.
Stock markets around the world have lost about $ 3.3 trillion during the last four trading days, and the American Wall Street has suffered severe losses during the past two days, as the Dow Jones index lost about 1900 points. The New York Times confirmed that the Wall Street Stock Exchange will be subject to the largest losses compared to other stock exchanges in the world, given the complexity of trade links between major American technology companies and their Chinese counterparts. Oil prices fell to their lowest level in a year.
European losses and in Europe, European stock losses continued in the last five trading sessions, the British "FTSE" index fell 0.5 percent to 6979.8 points, and the French "CAC" index decreased by 1.08 percent, recording 5643.9 points, as the DAX index decreased "The German increased by 2 percent, to record 12,790.5 points.
In Asia, Japanese stocks continued their losses during the past days, and in Wednesday's session they closed at the lowest level in more than four months. Chinese factories also continued to close their doors, the movement of ships between the ports was disrupted, hundreds of flights and tourism, dozens of carnivals and celebrations were canceled, and dozens of recreational parks were closed. Since the outbreak of the disease in late December, nearly 81,000 people worldwide have been infected, and nearly 3,000 people have died. LINK
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Samson: Infection with a prominent Iranian lawmaker with the Corona virus
27th February, 2020
The head of the National Security and Foreign Policy Committee of the Iranian parliament, Mujtaba Dhul Nur, has been infected with the Corona virus, Russia Today reported.
Dhul Nur said that he imposed a quarantine on himself after he was confirmed to be infected with the Corona virus, stressing that Iran would be able to overcome the virus.
It is reported that Dhul Nur is also a deputy for the city of Qom in Parliament. Earlier, the Iranian authorities announced that the results of the analyzes, conducted by Erg Hariri, Deputy Minister of Health confirmed that he was infected with the Corona virus. LINK
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Samson: Corona Kills Iranian Riyal
Iranian riyal reached its weakest level in a year against the dollar, on Wednesday, as a sharp increase in the number of cases of coronavirus led to the closure of most of the country's borders, threatening non-oil exports, which are the main lifeblood of its economy.
According to the "Punpast.com" website for exchange rates, which tracks the free market, the dollar was offered at a high level of 158 thousand and 500 riyals, while its official price is 42 thousand riyals, which implies a 10 percent decline in the currency from it a week ago.
The number of Iranian deaths from the Corona virus rose to 19, the highest number outside China, which prompted several countries to stop flights and most of their neighbors to close their borders with them.
Already, increased pressure from US sanctions is undermining Iran's oil industry and reducing its crude exports. “The entire market is currently in shock,” said Buya Zainali, director of exports for an Iranian pistachio producer and exporter.
Closing the border and canceling flights is certain to deepen Iran's economic isolation, and it relies on trade ties with its neighbors to partially offset the devastating impact of the sanctions that Washington reimposed in 2018 after it withdrew from a nuclear agreement it and other major powers had signed with Tehran in 2015. "The economic risks are great," said Henri Rom, analyst at Eurasia Group. Non-oil exports to neighboring countries were the lifeblood of Iran during the past year. "If this temporary closure of the borders continues indefinitely, Iran may face a serious economic crisis at a time when the economy is already improving," he added.
The International Monetary Fund predicts that Iran’s growth will stabilize this year after shrinking 9.5 percent last year in the wake of US sanctions that have undermined oil sales and pushed annual inflation close to 40 percent. The currency’s decline may exacerbate inflation and harm domestic consumption, while falling exports may cause more unemployment, which some analysts expect to exceed 20 percent this year. LINK
Frank26 and KTFA Members Monday PM 2-24-2020
.KTFA:
Samson: Integrity Commission restored $2bn to Iraqi Treasury
24th February, 2020
Iraq’s official anti-corruption agency stated in its latest annual report that it restored 2.84 trillion Iraqi dinars ($2.38 billion) to the Treasury in 2019.
The Federal Commission of Integrity added that it has utilised its relationships with other state watchdogs, and that it created a national strategy for fighting corruption in collaboration with the Federal Board of Supreme Audit.
According to the report, the commission examined and was involved in 26,163 notices and court cases in 2019, with 10,143 persons accused of corruption. Those included 50 officials who were government ministers or holding equivalent positions.
KTFA:
Samson: Integrity Commission restored $2bn to Iraqi Treasury
24th February, 2020
Iraq’s official anti-corruption agency stated in its latest annual report that it restored 2.84 trillion Iraqi dinars ($2.38 billion) to the Treasury in 2019.
The Federal Commission of Integrity added that it has utilised its relationships with other state watchdogs, and that it created a national strategy for fighting corruption in collaboration with the Federal Board of Supreme Audit.
According to the report, the commission examined and was involved in 26,163 notices and court cases in 2019, with 10,143 persons accused of corruption. Those included 50 officials who were government ministers or holding equivalent positions.
There were 931 court rulings in which 1,231 defendants were convicted of corruption. They included four ministers or officials at the same level. LINK
Samson: Trump announces a $ 3 billion arms deal with India
02/24/2020 13:56:24
US President Donald Trump stressed that his country is looking to provide "the best and most intimidating military equipment" to India, in addition to enhancing economic cooperation with it.
Trump's comments came in a speech he made at the beginning of his visit to India, today, Monday, in front of a crowd of Indian audiences in the western city of Ahmedabad, speaking after Indian Prime Minister Narendra Modi. Trump said that the United States is about to sign a deal to provide India with military helicopters and other military equipment worth $3 billion, noting that Washington and New Delhi are committed to working to stop the terrorists and fight their ideology.
Trump also confirmed continuing to work with Pakistan to eliminate terrorism, expressing his hope to ease future tensions between all South Asian countries. Trump said he would discuss with Modi efforts to develop economic ties between the two countries, adding that Washington was in the early stages of the path to a "incredible" trade deal with New Delhi.
Trump indicated that he hoped for rapid progress in improving the investment climate in India, and that the United States was looking forward to developing space cooperation with India. Trump (along with his wife Melania) arrived Monday morning in Ahmedabad on his first two-day official visit to India. Trump will hold a meeting with Modi in Ahmedabad, then he will visit some of the tourist attractions in India before heading to New Delhi, where bilateral meetings will be held between the American and Indian officials on Tuesday. LINK
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ChrisC: Dow down almost 800. It was always said a market crash will precede the RV. Watch the cattle stampede.
I, me personally, am not worried about the Corona virus but it is jamming up Chinese businesses bad. This had to happen once the supply of Chinese products slowed.
IMO this is all a masterfully planned event. I watched Trump say in an interview last week that Corona virus would be over by April. How in the heck would he know that a supposed worldwide pandemic would be over in a couple of months?
Corona virus panic, market crash, bank collapse, nationalization of collapsed banks, RV, in my conspiratorial minded sequence of events. Of course it may not happen anything like that.
Mr. Harfax: If you are going to implement a new economic system based on new trade deals/agreements ….you'll have to address the old economic system. How do you replace one with the other? One option - You vacate, destroy or raze to the ground the old system. You take it down to nothing and replace it to something new......
ChrisC: Here is the BS about this whole deal, and this is IMO. This virus has a patent connected with it, so not natural but man made. They already have a vaccine, that was known weeks ago, but it will not be available for 18 months or so. Plenty of time to let it do what it will do, which I still think is not that much.
Mr. Harfax is right, you have to handle the old system and that is what I have been warning about for some time now. Do NOT be like the kid on my boy's T Ball team years ago that was just looking around picking flowers in center field.
He didn't think he was in any danger since nobody had hit a ball even back to the pitcher's mound yet. My boy got up to bat and it looked like Jose Canseco hit the ball. That poor unsuspecting kid took it right in the chest and dropped like he had been shot with a deer rifle.
The coach ran out and said "breathe Bobby breathe!". Don't be picking flowers when this happens.
MaOakes12: Chris, the info. I heard concerning the corona virus was that it was manufactured in a lab in China. A firm in Texas stated they have a cure for it here in the US. Just like the HIV virus all this crap is planned by the so called "elite".
Just like the so called "crash of 1929 it was planned. The big boys sold and when the price reached their buying level they started buying again. The stock market is manipulated like no other business in the world.
Time marches on and the money "boys" know when, where, how, etc. it is all going to play out.
Don961: Al-Nasr Coalition: Allawi hides his cabinet from Parliament, and Representatives knew the CV of the nominated ministers through the media! LINK
MilitiaMan: ""The government program and CVs of cabinet members must be sent to Parliament 72 hours before the day of the vote to give confidence, while Allawi promises us to send them daily without doing so."
MilitiaMan: 72 hours from now is Thursday. The President of Parliament set a date for a confidence vote for Thursday.
So, since Pompeo rang up Allawi on the phone yesterday, maybe Allawi was given the nod to let the names fly... We shall see on that. All the while we wait, there has been more data coming out of the CBI. The below is not about Banks.. That would suggest the Banks already have been accounted for. So for the smaller folks, they need to get the 2019 data reported by the 29th..
Then there is the laws that are in place for those that are in the need to know realm. Like large investors, corporations, conglomerates, etc.. So, the seemingly syncronized data is in our favor they Monetary Reforms are coming to fruition.
The demands of the Citizens are still front and center. Don't forget that the new designate PM told us in the speech of his recently that the personal needs as in economic area priority! imo ~ MM
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Frank26: 2-24-20 IGNORANT IRAN
Streamed live 46 minutes ago
This Video is in Frank’s opinion
Monday Conference Call: 7pm est 605-313-5164 PIN: 156996#
Playback Number: 605-313-5163
Frank26 Video "Q&A at Pearl Harbor" and more Saturday Night 2-22-2020
.KTFA:
Frank26: 2-22-20. Q&A AT PEARL HARBOR
THIS IS ALL IN FRANK'S OPINION
Saturday Night Q&A
KTFA:
Frank26: 2-22-20. Q&A AT PEARL HARBOR
THIS IS ALL IN FRANK'S OPINION
Saturday Night Q&A
Don961: I served in Iraq ... Trump plans to appoint a security advisor of Arab descent
Arab and International 02/22/2020 10:43 326 Editor: ha
Baghdad today - follow up
The US CNN reported on Saturday (February 22, 2020) that US President Donald Trump is planning to appoint a local official in the state of Florida who served in Iraq and Afghanistan as a security advisor.
The network reported, "Julia Nshiwat, who is in Florida who is responsible for dealing with natural disasters, will replace Adm. Peter Brown, the head of the Coast Guard, who took over as President's Homeland Security advisor about six months ago."
In its new role, Nshiwat will protect the United States from terrorist threats, reinforce protection from cyber attacks, and respond to natural disasters.
She had worked for the US State Department during Trump's term, and the office of the director of national intelligence in the administration of former President George W. Bush.
Nishiwat, of Jordanian origin, is a former intelligence officer in the army, has served in Afghanistan and Iraq, and during her work she has directed a senior operations officer for terrorist network assessments in Asia and the Middle East.
And Trump's decision to raise the position of homeland security advisor to the same position occupied by the President's National Security Adviser Robert O'Brien, with whom Nichiwat worked for the State Department.
And Jordanian media said that "Nshiyat belongs to a clan that lives in the city of Salt (central of the Kingdom), and that she speaks Arabic fluently despite her origins in the United States." LINK
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2Cents: WE have been discussing the following:
Our understanding.......Frank's teams have reported that the Fab 4 has been unhappy with the failure of the CBI to make the "Article 2 speech" on two different occasions over the last few weeks.
They have been given 30 days from the seating of the government to stop the currency sales of the USD for conducting business in the country which would require official Article VIII acceptance.
It does not seem logical to be unhappy on one hand for failure to act, but yet, give 30 days after the government seated. The Fab 4 obviously, by the reports given, expected action of some sort notwithstanding the fact that the government is not passed.
That being said, are we clearly now looking for two very distinct events separated by as much as 30 days after government seated, RD/RV ------->RI just as WS posted so long ago?
If so, could we expect the RD/RV just prior, during or just after Allawi getting a vote of confidence and prior to the 1/12 system of disbursements being made Tuesday to the Kurds?? Could the "30 day" timeframe be referring to the RI allowing the new government to complete something specific to allow the IMF to report Iraq as accepting Article VIII obligations??
Time will tell but IMO, all should be thinking of their game plan if RD/RV occurs absent the RI......
I would love, but certainly do not expect, a short WS reply as to the above....
If there is any construed opinion here, please accept as IMO
Hammy14: 2cents, in the YouTube video yesterday, Frank was talking about the tellers getting trained by someone other than Iraq. I believe he referred to these trainers as an international group of some sort, although he didn’t give their name, he did say this move “guarantees” they are reinstating their currency. Just as we have suspected all along, IMO.
2Cents: Hey Hammy.........I agree that they must be reinstating at some point soon and by reports, within 30 days of new government seating.......What I am trying to point out is that we may very well see the RD/RV well before........Just trying to point this out for the "family" so all are thinking of their game plan if that occurs. I am not saying that it might not happen simultaneously within the "30 days" but am trying to have all think what they plan to do if not......
Don961: International Monetary is assessing his advice to emerging markets
Saturday 22nd February 2020
Capitals / Follow-up
How can we make capital flows safer for emerging market economies? Finding the right answer to this question is crucial to financial stability, growth, and jobs.
"It states that the fund is reassessing the advice it was giving to emerging markets and how they fit into the current situation," the International Monetary Fund director "Cristalina Georgievia" wrote an article for the Financial Times.
"Emerging markets benefit from an abundance of external capital, which can be used to fund new ideas and critical infrastructure," she says. But emerging markets also face episodes of large fluctuations in capital flows, which can harm financial stability and the outlook for companies and households. Addressing capital fluctuations can be a daunting task, because there is not much consensus on the right mix of economic policy measures and timing.
Looking at the 2018 episode of capital outflows from emerging markets, we find that Brazil and Malaysia actually interfered in foreign exchange markets to support their currencies, while Colombia and South Africa barely interfered in the exchange rate, while some central banks raised interest rates while others He did not.
Heavy intervention often mitigates currency losses, but not always.
All this raises questions, including for the International Monetary Fund, so we rethink and update our advice to member states
The goal since then is to provide country-specific advice on the appropriate mix of policies needed to maintain financial growth and stability. The new IMF’s “Integrated Policy Framework” will reassess the costs and benefits of four instruments - monetary policy, macro prudential policy, exchange rate interventions, and capital flow measures - to help stabilize economies vulnerable to domestic and external shocks. More importantly, the integrated aspect of the new framework will explain how these tools interact with each other and with country conditions.
The current framework of the International Monetary Fund, based on more traditional economic thinking, directed members broadly towards the use of the exchange rate to absorb shocks, and this approach provides a good convergence of how advanced economies adapt to external shocks and exchange rate movements.
But the current approach can ignore the important characteristics of emerging markets that change their economies ’response to external shocks, and may require a different recipe.
A recent study indicates that although emerging markets are deeply integrated into global trade, their trade is invoiced disproportionately in dollars, and therefore flexible exchange rates provide limited isolation. LINK
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Don961: The effects of Corona virus on the Iraqi economy
THURSDAY, 20-02-2020, PM 4:47 KARAR AL-ASADI
Written by: Baqir Jabr Al-Zubaidi
The global economy is witnessing a sharp negative decline in the effects on the global economy exceeding $ 1.5 trillion in early March, while gold prices have risen significantly as a safe haven in the fever of conflicting stocks and global currency prices, while oil prices witness fluctuations and expectations of its decline as a result of the economic recession that the world will live in the future.
With the work of the resigned government continuing, the Iraqi market is witnessing a severe recession for internal and external reasons, foremost of which is the Corona epidemic.
The reassured brothers reassured employees and retirees that the salaries were insured for the current year and the coming years, and there was no need for unjustified panic and not listening to malicious rumors.
That the Iraqi dinar retains its value with the presence of the financial reserve in the central bank, which has witnessed growth exceeding $ 70 billion, knowing that the central bank reserve called "reserve generations" can protect the stability of the Iraqi dinar price until the coming years.
We call on the government in charge to form a specialized working group to study the negative effects of Corona virus on the Iraqi economy and develop scientific and practical solutions, to face the recession in the Iraqi market, develop plans and study a solution to the "dilemma of high unemployment" and stimulate investment and benefit from the experiences of the International Monetary Fund to reformulate the provisions of the budget in 2020 . LINK
Frank, Delta and KTFA Members Saturday 2-22-2020
.KTFA:
DELTA: Al Hareth Al For Money Transfer
You can issue the electronic payment card MasterKCard through al-Harith Arabia For Financial Transfer Company of Rafidain Bank and at a price of only 25,000 dinars issued the card in dinar currency and the validity of the card is 3 years.
Card features: -
- Contains a pin number
- Works on ATMs /ATM (mastercard marked)
- Works on pos/POS (MasterCard-branded) purchase device
- You can buy
- Book airline tickets
- Hotel reservations
- Buy software
- Buy electronic games
- Restaurant reservations
- Works on Amazon WEBSITE
- Refillable through Al-Harith Arabia Financial Transfer Company
- The ability to know your card balance via the Key Services app on the Apple Store and Google Play
KTFA:
DELTA: Al Hareth Al For Money Transfer
You can issue the electronic payment card MasterKCard through al-Harith Arabia For Financial Transfer Company of Rafidain Bank and at a price of only 25,000 dinars issued the card in dinar currency and the validity of the card is 3 years.
Card features: -
- Contains a pin number
- Works on ATMs /ATM (mastercard marked)
- Works on pos/POS (MasterCard-branded) purchase device
- You can buy
- Book airline tickets
- Hotel reservations
- Buy software
- Buy electronic games
- Restaurant reservations
- Works on Amazon WEBSITE
- Refillable through Al-Harith Arabia Financial Transfer Company
- The ability to know your card balance via the Key Services app on the Apple Store and Google Play
Samson: Customs issues the first amendment to declare the money when it is entered and removed across the Iraqi border
22nd February, 2020
The General Authority of Customs issued, on Saturday, the first amendment of the controls for declaring funds as they are entered and removed across the Iraqi borders.
In a statement, Mawazine News received a copy of it, the commission stated that it “issued the first amendment to the controls for declaring the money when it was entered and removed across the Iraqi borders No. (1) for the year 2017 issued by the Money Laundering and Terrorist Financing Office, which includes the following:
1- Add the following to Paragraph (5) of the controls, and item (c) has: -
C - The customs authorities have the power to search people and inspect their luggage to verify the authenticity of the information declared upon investigation or suspicion of obtaining a false statement or a case of refraining from the declaration or in case of suspicion that the funds being transferred It is illegal money The following is added to the controls and paragraph (8) for it:
(8) The amounts permitted to be entered or removed from and to the territory of the Republic of Iraq include the following: -
A - Amounts below (10,000) (ten thousand US dollars) or its equivalent in other currencies without declaring them.
B - Amounts exceeding (10,000) (ten thousand US dollars) to (20000) (twenty thousand US dollars) provided that they are declared with the necessity of showing them in support of the purpose of entering or removing these sums and in the event that the supporting documents are not available, the traveler makes a pledge By bringing those documents after (20) days from the date of the permit.
A- It is forbidden to enter or remove amounts in excess of (20,000) (twenty thousand US dollars) or its equivalent in other currencies, and the process of entering or removing these amounts through financial institutions is exclusively.
D- It is forbidden to enter or remove amounts in excess of (..., ... 1) (one million Iraqi dinars) even if it is declared and the amount is seized and legal measures are taken against it.
The Customs Authority pointed out, "The amendment entered into force on 19/2/2020 at border crossings." LINK
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Samson: Tehran: The “FATF” decision does not affect foreign trade and the exchange rate
10:39 - 02/22/2020
The Governor of the Central Bank of Iran, Abdel Nasser Hamti, announced on Saturday that the decision of the International Financial Action Working Group (FATF) to re-include Iran in the so-called black list will not affect the foreign trade and exchange rate in the country.
"Fares" quoted Hamati as saying, "The hostility of America and the Israeli occupation entity has again appeared against the Iranian people by opposing the experts of the International Financial Action Group regarding the steps taken by Iran towards combating terrorist financing and money laundering, while all the group's data shows that Tehran has taken steps Important in this regard.”
He added that "this political and unprofessional behavior began since the summer of 2016, sometimes through non-professional excuses by representatives of America and its allies in the" FATF "group, and at other times through attempts to interfere with the experts' reports."
He pointed out that "Iran, as is well known to the people, was able, despite the period of unjust embargoes and extreme pressure policies against the monetary and financial system, to find monetary and financial ties with the world that are not banable, outside the framework of the International Financial Workers' Group (FATF). American".
He stressed that "the Central Bank, in cooperation with all economic sectors, will continue its path in meeting the country's commercial needs without tiring." LINK
Samson: The Russian government announces a new record of its precious metal safes
15:41 - 02/22/2020
The Russian Central Bank announced that the Russian government continues to fill its coffers with precious metal, despite the high price of gold in global markets.
According to data issued by the Russian Central, the state’s total gold reserves on February 1, amounted to about 73.2 million ounces (about 2277 tons), and is worth about $ 116 billion, as the Russian government added 7 tons of precious metal to its reserves during Last January.
The increase in gold stocks comes in light of the rise in the prices of the precious metal to the highest level in 7 years, due to the appetite of traders to invest in traditional safe havens, amid the spread of the Corona virus.
The bank added that the dollar’s share of Russian reserves decreased from 43.7% to 23.6% during 2018-2019, in order to increase the share of gold and other currencies, in a sign of the government’s endeavor to reshape its international reserves. LINK
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Friday Night:
Frank26: 2-21-20 IRAQ NOW OPEN FOR BUSINESS
This video is in Frank’s Opinion