Frank26 Video "Told You So" and KTFA News 4-6-2020

KTFA:

DELTA:  The crisis and central procedures

Over the past six years, the Central Bank has registered great achievements for Arab organizations and institutions 

And internationalism, despite the importance of all the accomplishments that have been achieved, we can mention in this article the most prominent of them. 

It has made it in the field of combating money laundering and terrorist financing, and leading monetary policy in light of the crisis in which oil prices have decreased in previous years and its initiative to support development, 

By launching the Five Trillion Initiative for government banks, in addition to one trillion for private banks to support and encourage industrial, agricultural and small housing projects 

Both large and large, and worked to maximize the bank's reserves 

Iraq from gold and hard currency.

 The race has always been to launch reassurance messages to the market and the country in general, to overcome and extrapolate crises before they occur, and we have the statement made by the Governor of the Central Bank in 2016 regarding insurance of employee salaries when oil prices drop 

What we heard recently and on the same topic this year, is evidence of the great care and wise vision that it follows to maintain the country's financial stability. 

And economically.

Today, we are looking forward to the actions that the bank will take 

The Iraqi Central and tools, which it will use in order to maintain the stability of the financial and economic situation in Iraq, and we are in light of a global crisis represented by a microscopic organism stopping the activities and areas of different life in all parts of the world and expectations of an acute crisis that will afflict the economies of many countries, we monitor and follow the steps and proactive measures , Taken by the central banks of the neighboring countries and the central banks in many countries of the world.

The country, before the crisis of the Corona virus, faces a severe political and social crisis since October of 2019, which was represented by the massive demonstrations that rocked the country 

And the repercussions, which accompanied it on the financial and economic fields and affected business in general and the banking sector 

Especially when it ends after this virus has reached the country and disrupts various life activities, which will 

The result leads to additional pressure on the banks 

In general, and private banks in particular 

This requires the intervention of the Central Bank of Iraq with proactive, rapid measures that stabilize the market and exchange rates.

http://alsabaah.iq/ 

MilitiaMan:  The data above and from earlier post today. ~ MM

In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks,This mechanism is done by giving companies a foreign exchange by providing a statement of beneficiaries and the need for travel tickets, and then they make payments according to the customer's desire, either in cash or in the account balances of electronic cards to the public.

MilitiaMan:  This sure looks like the MEETING went well today. They are talking about the NEW CURRENCY! A MECHANISM to support the Banking Sector that will be facilitated by use for electronic cards.. Wow, things are moving along now very nicely!!! imo ~ MM 

Walkingstick:  It did .... more, from this meeting.. and others, coming.....Regards..... ~ WS

MilitiaMan:  Note the proactive tools they will use.. Oh ya! imo ~ MM

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Frank26:  4-6-20 TOLD YOU SO

This video is in Franks Opinions

https://www.youtube.com/watch?v=jL-03xxuGY8

Dan:  get some perspective

GLOBAL DEATHS  Jan 1st - March 30th, 2020

35,016          Coronavirus
75,645          Mothers During Childbirth
118,980        Seasonal Flu
240,056        Malaria
262,441        Suicides
330,367        Traffic Accidents
411,415        HIV/AIDS
612,105        Alcohol
1,223,439     Smoking
2,009,990     Cancer
3,177,081     Communicable Disease
10,402,251   Abortions

ChrisC:  The reaction to this doesn't make sense unless it has another purpose, IMO. 

Saturday Night Frank26 Q&A and KTFA Members News 4-4-2020

KTFA:

Don961:  The Finance Committee comments on the central bank’s decision to stop the flow of the dollar

Politics 04/2020 17:34 3323    Baghdad today _ Baghdad 

The Finance Committee commented, on Friday, on the Central Bank’s decision to stop the dollar from flowing into the market with the aim of floating the dinar and reducing its value, in order to fill part of the budget deficit and the needs of the government.

The committee’s rapporteur, Ahmed Al-Saffar, said in an interview with (Baghdad Today) that “reading the intention of the central bank to stop the flow of the dollar and floating the dinar to fill part of the state’s budget deficit is impossible, but it may be in harmony with the current situation to compensate for the shortfall in oil revenues” .

Al-Saffar added, "At the same time, the central bank may also be unintentional because of the curfew and the suspension of most life activities."

And the rapporteur of the Finance Committee in Parliament, Ahmed Al-Saffar, spoke last Sunday about the authority of the Central Bank to issue a set of decisions on withdrawing the commission of the US dollar.

Ahmed Al-Saffar said, in an interview with (Baghdad Today), that "the decisions issued by the Central Bank regarding the commission of withdrawing the US dollar are considered within its powers and it is who determines the interest rate, whether by depositing or withdrawing."

Al-Saffar added, "Iraq’s revenues from selling oil go to the Ministry of Finance account at the US Federal Reserve, which the central bank has a branch in," explaining that "the process is that the revenues are transferred to the central bank account and the bank transfers it to the Iraqi dinar to the Ministry of Finance to pay salaries." employees".

He continued, "The process of withdrawing the dollar and depositing it relates to the policy of the central bank, which is monetary policy. The central bank has the right to raise or reduce interest rates, and this is one of the methods of monetary policy that you use."

On Sunday (March 29, 2020), the Central Bank of Iraq issued a set of decisions regarding the US dollar withdrawal commission.

And included a document issued by the bank and received (Baghdad today): "The commission for withdrawing cash for the US dollar, which comes from the incoming transfers to the bank to our accounts in the American Federal Bank, as well as the transfers received to banks from other banks by a rate of seven thousand."

The bank added: "The amounts of the above remittances are transferred to banks by (75%) in cash in dollars according to the above commission, and (25%) pay Iraqi dinars at the official bank rate (1182) dinars to the dollar."

He continued: "The banks must spend the (25%) above on their remittances customers at a price of (1200) dinars / dollars, and submit their requests at the end of each month to the accounting department at the central bank for the purpose of addressing the two price differences in our accounts in Iraqi dinars."

And he continued: "Banks can spend the full amount of the transfer received in the Iraqi dinar if the customer desires to do so.

He stressed, "The above mechanism does not include customer deposits in dollars in cash, where it is paid to the customer in full, but is limited to customers who receive remittances received from outside Iraq of any kind, and internal dollar transfers between their banks in our accounts." link

Don961:  Parliamentary Finance: The economic situation is very dangerous .. !!

 Economy  ,   3/24/2020 23:38   Baghdad - Iraq today:

The Finance Committee in the House of Representatives announced by one of its most prominent members that the economic situation in Iraq has become very dangerous, and it is not possible any setback.

It came in a publication released by Member of Parliamentary Finance and former Minister of Industry Eng. Muhammad Sahib al-Daraji, (Iraq Today) received a copy of it, that the state must take a package of quick decisions before it is too late.

Darraji has listed ten points:

 1. Change the exchange rate of the dinar gradually

 2- off the auction currency

3. Develop Platform for importing and stop some imports

4. The construction of the budget on the price of oil fixed and operating a moving budget for investment budget

5-postponement of dues of oil companies

6. sell coupons locally oil prevailing and buying after the price a year At the prevailing price then

7 - Allocating the budget to salaries, purchasing the ration and medicines, and sterilizing water and the educational process only

8 - The state imports commercial foodstuffs to the markets

9 - Negotiating to stop the payment of external debt

10 - Handing over the protection of the border ports of the anti-terrorism agency   LINK

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Don961:  Central Bank of {Al-Sabah}: the appreciation of the dollar exchange will end very soon

Saturday 04 April 2020 Baghdad / Hoda Al-Azzawi

 The Central Bank of Iraq revealed the implementation of several steps to control the rise in the exchange rate of the dollar in the markets, most notably the opening of outlets for sale and the strengthening of banks in the hard currency, while it is likely that the rise in the exchange rate of the dollar against the local currency will end this week.

 In conjunction with this, specialists see in the financial and banking affairs, this rise "temporarily" due to the current conditions related to the ban and lack of communication between the provinces, with the presence of some speculative mechanisms by weak souls.

 And recorded the exchange rate of the dollar in local markets during the past days, up to sometimes from 126 to 128 thousand dinars per 100 dollars.

The appearance of Mohammed Saleh, economic adviser to the Prime Minister, said in a special statement to "Al-Sabah": The high dollar exchange rate is linked to the current conditions related to the embargo and lack of communication between governorates and merchants and the absence of information efficiency, indicating that this has caused price deviations to exchange the dollar. 

He expected that this problem is "temporary" and related to the relatively closed borders, especially as it is not related to Iraq only, but to most of the countries of the world.

For his part, the Director of Information and Relations at the Central Bank, Acer Jabbar, told Al-Sabah that the central regulates monetary policy inside the country, explaining that the rise in the exchange rate of the dollar in the markets is linked to three reasons.

The first relates to the hoarding of the dollar by citizens, The second is the hoarding by the merchants for trading in trade. The third reason is related to the closure of banks and banking companies due to the ban.

He added that the central bank implemented a number of steps to control the exchange rate of the dollar by opening the window for the sale of hard currency, while instructing the bank employees to join and strengthen banks in the electronic dollar, not cash, and the dependence of traders on the transfer, so that some would not resort to searching for the dollar in the black market.

And revealed the presence of some weak souls speculating in dollars, so the central bank will try and in any way to curb this huge disparity and we expect this week to solve this issue related to the high dollar prices.

In turn, between the economic researcher Jaafar Baqer Alloush Al-Waeli, in a special statement to "Al-Sabah:" "The current rise in the exchange rate of the dollar is not a real rise as long as the Central Bank of Iraq did not resort to re-evaluating the exchange rate, but rather organized the process of withdrawing the dollar from His accounts in the US Federal Reserve Bank for deposits incoming to Iraq and pay 75 percent in dollars at 1118 and 25 percent paid in local currency at 1120 exchange rate, and this matter is limited to inward deposits and to clients of the central bank and banks exclusively approved.

And he confirms that the current rise in the exchange rate of the dollar from 1119 to 1128, then the decline has returned to 1126, i.e. an increase rate of 6 percent, which is an emergency rise due to the conditions of the ban, curfews, closing shops and small outlets with limited trade restrictions, except for food and necessary commodities, pointing out that Significant decline in oil prices has created a negative obsession for the citizen and has pushed a lot to move towards keeping the dollar as savings.

He believes that this rise will affect the daily transactions denominated in dollars and the prices of commodities that involve under these transactions, and that good signals for recovering oil prices and reaching $ 30 per barrel will allay some fears and the conditions of pressure on the excessive rise of the dollar will fade significantly, but remain for the changes that occur in The bases of the days are the decisive judgment in the directions of the dollar exchange rate, as well as the extent of its effect on the inflation rates or real price and income levels, and thus on the livelihood of citizens. "

To that, a member of the Parliamentary Investment and Economy Committee Nada Shaker Jawdat told "Al-Sabah" that the dollar exchange rates rise in light of these conditions that Iraq and all countries of the world go through naturally, but that will be reflected on the poor communities due to the high prices of goods and materials resulting from the dollar's rise.

It indicated, we need an insight from the government and its experts towards stabilizing the exchange rates of the dollar, so that it does not reflect negatively on those with limited incomes and poor societies.

Jawdat called on the government and the central bank to maintain the exchange rates of the dollar and provide cash subsidies for citizens to complete their personal requirements, which are not only related to the food basket, but personal belongings such as health supplies and medicines.  link

Samson:  The international coalition hands over its positions at the Habbaniyah base to Iraqi forces

4th April, 2020
On Saturday, the international coalition forces surrendered their area within the Air Force Base from the Joint Task Force - Operation Solid Torque to Iraqi forces.

Brigadier-General Vincent Parker, Director of Sustainability Affairs at the Joint Task Force - Operation Solid Resolve said that moving the base of progress (Habbaniyah) is another advanced step toward the ongoing partnership between the Iraqi security forces and the international military coalition against ISIS.

He also said that during the past month the international coalition handed over four bases to the Iraqi forces.   LINK

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Samson:  International Alliance: We delivered $ 3.5 million in equipment to Baghdad and 500 military personnel will leave Iraq

4th April, 2020

A coalition spokesman, Colonel Miles Cogens, announced on Saturday that the coalition forces handed over $ 3.5 million worth of equipment to the Iraqi government.

"The coalition is leaving the al-Takadum air base (Habbaniyah) and transporting equipment and buildings, including approximately $ 3.5 million, to the Iraqi government," Ciggins said on Twitter.

He added, "500 members of the coalition will leave," noting that "the Iraqi security forces were and are still able to confront ISIS in Anbar Province." LINK

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Don961:  Deputy: The net of Iraq from selling a barrel of oil has become $ 13 .. and it is far below the salary insurance ceiling

Economy 04/04/2020 13:50 305 Editor: am   
Baghdad today - Baghdad

Member of Parliamentary Finance Committee, MP Ahmad Hama Rashid, revealed on Saturday (04 April 2020) the net sale of Iraqi oil barrels at the present time, while determining the price that secures the provision of employees salaries after the oil money goes to the federal budget.

Rashid said in an interview with (Baghdad today), that "the price of selling Iraqi oil in global markets reaches 22 dollars today," noting that "9 dollars are deducted from each barrel as different costs, so that the net sale remains 13 dollars per barrel entering the country treasury." .

He added, "The figures show the size of the huge material damage to the collapse of oil prices, especially since the price of a barrel at 31 dollars is what secures the provision of employee salaries according to the current production."

Regarding the basic income of citizens, Rashid stressed, "The basic income is a simple financial program based on the idea of ​​distributing an equal financial share to all Iraqis, regardless of their segments, which are best suited to the current situation, especially with the collapse of global oil prices and the challenges of the Corona virus, these matters need to have a government In order to push towards the adoption of an emergency budget, to pull the country out of its current crisis. "

He explained, "The basic income depends after securing the salaries of employees and supporting the health institution, and it will provide money for all citizens, including the poor, to purchase their basic needs, and leave the citizen free to buy what he wants, but the card file represents for years one of the largest corruption files in the country."

He pointed out that "pushing the citizen to buy what he needs and rely on local production will lead to providing endless job opportunities, especially with real implementation of the term of protecting national production, and opening the doors of investment in all sectors, to secure the needs of the people from materials and goods."

Oil prices fell on Friday, after yesterday had recorded its biggest gains for one session ever, as prices jumped more than 20%.

On Thursday (02 April 2020), the Kingdom of Saudi Arabia called for an emergency meeting of the OPEC alliance and other countries in order to rebalance the oil markets. After that, the Minister of Oil, Thamer Al-Ghadban, confirmed that Iraq supports Saudi Arabia's call for an urgent meeting of OPEC, and the return of stability in the oil markets. link

Frank26:  4-4-2020. Q&A

This video is in Frank’s opinion only

https://www.youtube.com/watch?v=3Z9q3aiq3nE&feature=youtu.be

Walkingstick, Frank and MilitiaMan Tuesday PM 3-31-2020

KTFA:

Walkingstick:  F.. this one......

Is Iraq resorting to printing currency to overcome its financial crisis?

Adel Fakher - Baghdad 

The appearance of Muhammed Salih, advisor to the Iraqi Prime Minister, confirmed that the options to face the financial situation are heading towards pressure of expenditures, and that the issue of printing the currency is merely a proposal that is not consistent with the Central Bank Law, which confirms that the  printing of banknotes is aroutine technicalprocedure practiced by the bank according to the requirements of cash circulation, and that the printing process Completely separate from the cash issue process.

Saleh said that the government has financial procedures that will not lead to stumbling the salaries of employees, as it is one of the priorities of the government, indicating that their options for facing the financial situation are heading towards pressure expenditures, indicating that there is a team working with the Ministerial Council to restructure state expenditures, and that the issue of printing the currency is just a proposal that does not Consistent with the Central Bank Law.

And the Central Bank of Iraq issued an explanation regarding what is being circulated from the news about the possibility of printing an Iraqi currency to avoid economic problems, in which he affirmed that any party cannot withdraw banknotes from the central bank unless there are funds in its accounts that cover the amount to be withdrawn, and therefore, does not mean To say that the dinar is of any meaning other than strengthening the treasures of the Central Bank in accordance with the monetary policy, and not for any other purpose or purpose. The law of the Central Bank and Monetary Policy do not allow the issuance of cash in favor of an account without a balance.

The bank said in a statement that  when the Ministry of Finance wishes to finance spending on different spending units and salaries, it requests the central bank to strengthen its account in Iraqi dinars in exchange for withdrawing from its account in dollars, so no amount is deposited into the finance account in dinars unless a withdrawal from its dollar account is offset. 

Noting that the Central Bank Law does not allow him to lend to the government, whether by printing the currency or any other way, direct or indirect, and he is entitled to deduct the treasury transfers, if they are present in the secondary trading market, as it is one of the tools of monetary policy, as he saw this based on data Precise objectivity serving the objectives of monetary policy. 

The balance of economic deficits and economist Salam Semsem asked  about the nature of the cash issue and whether it was in the normal form issued by the government in exchange for coverage with a quantity of cash and a quantity of gold, the state’s commitment to the international community, the international economy, and the International Monetary Fund, and all this is measured by the state’s economic standing and the amount of wealth. 

Sumaisem told   Al Jazeera Net that the state now hints at the printing of the coin to coincide with the talk about the cash crisis and the existence of a deficit, and this means that there is a deficit in the economic balances represented by the general budget, the trade balance and the balance of payments, and this requires more money, so how can the state pay this deficit with the increasing expenses represented by salaries Wages and social benefits.

She also asked, "Will the printing of the currency be free of charge, and if it is, it will negatively affect the reality of the Iraqi economy through the collapse of the Iraqi dinar, which will lead to significant monetary inflation, and here the risk is possible because it will affect the classes with limited income, meaning that the amount of goods and services that it gets The individual as a result of his use of this income will decrease, and with it the living standards of the individual represented by the most important files such as food and medicine will decrease. " 

The value of remittances
inrelated context,Central Bank issued instructions concerning commission cash withdrawal todollar, that it willregardless accounted 25% ofvalueremittancesdollars that comeIraqi banks  dinar  Iraqi, asmeasure to overcomefinancial and economic crises. 

In this regard, economic analyst Dhargham Mohammed Ali explained to Al-Jazeera Net that this measure is caused by a  lack of foreign currency caused by the decline in the price of crude oil in global markets, which is a temporary measure to cross the current crisis, indicating that it is a procedure followed in many countries that suffer from a shortage of currencies Foreign , as for the printing of the currency, it is not possible because it will harm the  economic and financial position of Iraq and float the price of the currency and create greater economic problems, he said.

And on the ways to support the federal budget to cover the deficit, Muhammad Ali explained that this is done by giving away all unnecessary forms of spending, reducing the salaries of special grades and stopping the  statements  completely.

The Iraqi currency went through several phases, the royal edition bearing the image of King Faisal and continued until 1958, the edition bearing the Republican emblem until 1978, and the international edition, called the Swiss edition, which was printed at  the  British company  Delaw and   Soviet Exports until 1990.

Then, as a result of the circumstances of the economic blockade that Iraq passed through, the Central Bank of Iraq printed the banknotes at Dar Al-Nahrain for printing, and in the beginning of 2003 the central bank withdrew all local and international banknotes named Swiss edition and put the new series of Iraqi dinars consisting of seven categories that were printed with specifications High security, while  continuing  to develop these specifications, which prevents the ability to counterfeit or counterfeit them.  LINK

Frank26:  COPY SIR .......................... YESTERDAY'S MONDAY CC IS ALL OVER THESE ARTICLES !!!

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RE: MilitiaMans Earlier posts 

MilitiaMan:  Add this into the mix if you will... Think about the timing of this article from Dr. Mazhar Muhammad Salih, then go back to the FIMA data and the Currency Manipulation Rules.. They are all in sync to facilitate trade in one shape or another and will have a smoothing effect for the global markets and for Iraq too.

Not just in the REPO market but the Currency and Oil Markets as well, imo. Keep in mind that the FIMA action to the Repo market, in which, is a massive market and it is nothing to sneeze over.

It has had to adjust recently (as being or having been infused with trillions of $ imo to back up banks for liquidity issues.) and with the new rules and facilities to be in place that will be effective as of 04/06/2020! The collectivism of all this data out now is not for just any old reason, imo.

The timing of this at this juncture paints a vivid picture in my mind. It paints a major power play into view. Iraq has no where but up to go from here!!!. imo

We know CBI Gov. Alak has openly stated he was not going to devalue the IQD. It goes against all of that that has been done to to date to keep the IQD stable and steady.

Then they tell us they are considering Bonds. They have done that before right? Yep, so why now and in a different manner? Well the Bonds may or will be denominated in Dollars. Just like when China issues foreign Bonds denominated in Dollars, there is interest paid on them.

Iraq can't borrow any money from the looks of it lately from anyone. But, if they have the ability to get into the secondary markets with their currency and their stock exchange, they can use those mediums to get dollars into the future.

So not only could this be about Iraq going international in secondary markets terms, the FIMA just may be the mechanism to facilitate them to do so through the US FED.. Thereby, Iraq will need to reinstate their currency to do so. 

Which will support other currencies around the world. imo

The ISX will with a reinstated currency will be reflected in her share pricing (securities). Securities are liquid cash, effectively. Iraq Bonds denominated in Dollars will pay interest.

Another form of liquid assets. Thereby, citizens will earn interest over time by buying said bonds with their three zero notes, hence, there will be a reduction in money supply, therefore, supply and demand supports the new rate by increasing local and global investment and direct local productivity.

Another outlier, is do to the virus and the global markets taking a bath recently. There is obvious concern about them both going forward. So much so they US Gov has voted on the largest stimulus package in the USA's history because of it so they say, and not unlike Great Britain too, they followed suit in short order.

The packages are in the Trillions worth!! Where did they get the money? Last I looked the Debt Clock of the USA is still under 24 trillion and counting. Interesting.. Where did the 2-6 trillion $$ come from and how is it that the debt clock didn't jump up significantly?

I am not sure. But, by the actions of Dr. Alak, Dr. Salih, the FIMA and CMR we can see there is a need for Iraq to reinstate her currency. Oil has tanked and they have serious concerns to even function and or pay salaries, bills,  etc.. They stopped the dollar auctions as we know them and can not justify bringing them back either. Way to costly to the present program rate if they did. It would potentially cost them billions in losses to their reserves, as the exchange rate is presently now under downward pressures. 

They are not going to be able to get dollars at a program rate, or they would still have the auctions. They'll need the Secondary Market to get them from here on out. They'll need securities on the Secondary Markets to facilitate Iraq getting dollars for trade. The Central Bank Law requires it.

Thereby, imo they are backed into a corner. Iraq not being on the secondary markets put them at a major disadvantage. They were not in a position to trade or hedge pricing into the future when oil dropped, therefore, when the oil price tanked they got clobbered, again.

Hence, Salih is apparently telling us they need to get on the secondary market so they can go long and short in selling securities, oil futures contracts, etc..

The ability to hedge is the way it is done on the secondary markets. All major players have that ability. (Sad to say, Iraq you knew all this along time ago. Your corrupt didn't care.. Thank your neighbor and those who support them. imo) Whereas, at present they only make money when the oil price is high. This is why they are telling us all this information.  Hedging will be useful to play the markets both up and down when prices change accordingly.

The USA has a powder keg called debt just as banks have too, in respect to the REPO markets.  The FIMA is to smooth out the functioning of the financial markets in respect to not only USA markets but with international Central Banks and International Monetary Authorities.

So if the IQD reinstates to a true value, the implications suggest the FIMA action may very well be needed and big time to smooth out the markets.

Liquidity issues will come into play for foreign exchange and the US Dollar. The balance sheets for the UST and HMTQ will get a nice supportive boost to them. They both have the lions share of IQD outside of Iraq.. The FIMA will or maybe used to provide the mechanism and facilities to allow it all to run smoothly.

All while Iraq, reinstates an undervalued currency to one with value that the Secondary Markets have in mind and will be glad to purchase those securities for to support reconstruction of the country.

Also the Citizens too, can buy the Iraq dollar denominated bonds to help support that value locally..  So Iraq being backed into the corner, sure looks to be a good thing for everyone, except for those that have sanctions on their backs. (Sanctions that are going to be imposed harshly on Iraq if they miss their deadline. They only have 30 days now to cease payments for electricity.)  jmtc ~  imo

So with that said, the cards are about to be on the table 04/06/2020 for those that need a playing card. Trump and the Queen will have a Royal Straight Flush when this is over in SPADES.. imo.. lol ~ MM 

MilitiaMan: So with the 

The deterioration of oil markets: the mechanisms of the present and foreseeing the future.

http://economy-news.net/conten.....p?id=19539

Currency Manipulation and Countervailing Duties

"The Administration’s most recent action on currency relates to countervailing duties. Under current U.S. law and World Trade Organization (WTO) agreements, countervailing duties (CVD) may be applied as a remedy for material injury or threatened material injury to domestic industries caused by unfairly
subsidized imports.

For years, some analysts have argued that currency undervaluation is the functional
equivalent of an unfair subsidy, and thus CVD should be available in this case as a remedy for injured
domestic producers (or those threatened with injury).

Some Members of Congress have routinely introduced legislation to amend U.S. countervailing laws to that end. However, due to a variety of concerns (many of which have been raised again in the current debate and are discussed below) Congress refrained from legislating on the issue. The rule-change by the Commerce Department in February 2020 administratively implements the policy by modifying existing regulations, without the need for legislation.

It is unclear which countries might be targets under the proposed policy, partly because there is
disagreement among economists about whether countries are able to manipulate their currencies and if so, the best economic models for estimating currency undervaluation. Treasury maintains a Monitoring List of major trading partners whose currency practices merit close attention, which in January 2020 included China, Japan, Korea, Germany, Italy, Ireland, Singapore, Malaysia, Vietnam, and Switzerland.

https://fas.org/sgp/crs/misc/IN11138.pdf

Federal Reserve announces establishment of a temporary FIMA Repo Facility to help support the smooth functioning of financial markets

https://www.federalreserve.gov/newsevents/pressreleases/monetary20200331a.htm

"The FIMA Repo Facility will allow FIMA account holders, which consist of central banks and other international monetary authorities with accounts at the Federal Reserve Bank of New York, to enter into repurchase agreements with the Federal Reserve."

KTFA Monday Night CC Replay and News 3-31-2020

KTFA:

Don961:  Report: Corona crisis is the last straw in the coffin of the political system in Iraq

2020-03-30 10:11:45 

The Wall Street Journal said the Coruna Storm could be the last straw in the coffin of the political system in Iraq, with the government failing to contain diminishing oil revenues, deteriorating services, and disrupting public life.

The newspaper stated that the Iraqi state institutions are already collapsing due to the drop in oil prices, the collapse of health infrastructure and the state of geopolitical chaos in light of the exchange of threats between Washington and Tehran, attributing this to the rampant corruption that dominated the political system in 2003.

The Wall Street Journal added that Iraq at this time The embarrassment needs a stable political leadership, but political differences and ignoring the demands of the demonstrators have brought the country to the point of collapse and Iranian-backed groups have become more aggressive in threatening US interests, prompting Washington to reposition its forces so that they can deal with the attack. The missile is more convenient

The newspaper concluded by emphasizing that the current moment in Iraq is the greatest opportunity ever to get rid of the political system, which since 2003 has been concerned with monopolizing state resources and enriching patronage networks at the expense of the Iraqi people.   LINK

Billuke:  Amen - Iraq has been an embarrassment.

Cornhusker: Hear is what i have heard ….the IRS is no more …all IRS employees  are moving in to the US treasury building …they will be doing the paperwork on the consumption tax …no money here the US treasury that has the money is in Reno, NV.  ….all the above is hear- say imo…..Judy Shelton will be at the US treasury.

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ImGolfer:  Ok the nice guy I am I pulled a the world map. Gave my wife a dart and said throw this dart and wherever it lands I'm taking you for a 2 week holiday when this pandemic is over.

Turns out we're spending two weeks behind the fridge!

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Monday Night KTFA CC 3-30-2020

PLAYBACK : 605.313.5163 PIN: 156996#

https://fccdl.in/dNzoyIwnOE

Clare:  FANTASTIC CC TONIGHT! LOADED WITH GREAT INFORMATION ..THANKS SO MUCH FRANK, WALKINGSTICK, DELTA, AG & TEAMS!  IRAQ REALLY IS PAINTED INTO A CORNER... LIKE YOU SAID... IT'S GREAT!

StrongCBM:  One thing about holding ones breath....at a particular time your body "forces" you the breath so it doesn't die...

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Samson:  Reducing cash handling and corona virus

30th March, 2020 by Zahra Al-Husseini

The payment system is the basis for the economy of any country, because it is at the center of economic activities and in general, the payment tools reflect the way in which the individual can pay for the goods and services he gets

The payment system has witnessed many developments starting with the barter system, which means exchanging a commodity in exchange for another.

There was no other way to exchange, and this system was accompanied by many difficulties, which led to the creation of another method, which is commodity money, then legal paper money, and with the development of economic life more and more led to the emergence of Another innovation, which is checks, and with the era of globalization, the revolution in information technology, and the emergence of the Internet, has led to the creation of more sophisticated means, which are electronic means, and it is defined as a group of tools and methods that rely on electronic technology to transfer money, which facilitates the exchange process. In a fast and safe manner and at the lowest possible cost in the conduct of exchanges, electronic payment tools are the most controversial today, so most of the central banks in Arab countries have replaced them with traditional tools

And in Iraq, in particular, is still the most dangerous thing facing the Iraqi economy is the frequent use of liquid cash, so the proliferation of electronic tools will certainly have positive effects on the Iraqi economy. 

Therefore, the Central Bank of Iraq has taken several steps to develop payment tools and has been distinguished by launching several projects aimed at reducing the use of traditional tools (money), including the project of localizing the salaries of state employees as well as the spread of card services of all kinds (credit or credit card, debit or city card, prepaid card ), As well as the proliferation of mobile phone service and electronic wallets

Many economists have expected the disappearance of paper money from circulation after the emergence of the wave of modern tools, as electronic tools have become a threat to the existence of paper money, but the reality is that money has remained the main dominant in circulation, as we still use liquid money in most of our daily dealings, as is the case in small shops and refiners. Hair, taxi driver, etc. We do not accept others as a method of payment, as it represents a safe and reliable method, but in reality it is not the ideal solution

There are a group of reasons that may be the main reasons for the non-proliferation of electronic payment tools:

1- The absence of an electronic payment culture among the majority of individuals

2- There is no banking culture and awareness in society

3- The difficulty of individuals accepting these modern tools and considering them as a final alternative to the traditional means. Therefore, Iraq cannot easily dispose of the money

4- The small media campaign to introduce the importance of electronic tools

It can be said that there is an opportunity to limit monetary dealing today through the emerging virus (Corona) and what is confirmed by this is made clear by the World Health Organization that dealing with banknotes is one of the main reasons for the transmission of this virus and other experts stressed that the exchange of banknotes is a source for the transmission of all types of bacterial and viral infections Therefore, most of the world’s banks sterilized the banknotes in the automated teller machines (ATMs) to ensure no infection was transmitted, and the World Health Organization advised to switch to contactless cash payment to limit the spread of the virus. 

Consequently, this is an opportunity to increase awareness and turn towards the electronic card and to spread the points of sale at the stores extensively, but it requires an extensive media campaign to spread the electronic culture to individuals and shop owners and urge them and encourage them with electronic tools  LINK

Samson:  The text of the closing statement of the G20 trade ministers'meeting on Corona

31st March, 2020

The Ministers of Trade and Investment of the Group of Twenty and the hosting countries affirmed that the Corona pandemic is a global challenge that requires coordinated response, in which rows unite and concerted efforts to face this common threat, stressing that the time has come for the international community to work more than ever to double coordination and cooperation to protect life Humanity and laying the foundations for a strong economic recovery and sustainable, balanced and comprehensive growth after this crisis

This came in a statement carried by the Saudi Press Agency "SPA" and seen by "Al-Iqtisad News", after the hypothetical meeting held by the Trade and Investment Ministers of the Group of Twenty today, with the aim of assessing the impact of the Covid 19 virus pandemic on trade and investment, as follows

"We - the Ministers of Trade and Investment of the Group of 20 and the hosting countries - express our deep sorrow and regret over the devastating humanitarian crisis left by the outbreak of the Corona Virus (Covid 19), and we want to confirm that this pandemic is a global challenge that in turn requires a coordinated global response

Accordingly, after the end of the work of the extraordinary virtual summit on March 26, 2020, the G20 leaders pledged to "unite ranks and join efforts to confront this common threat." Now is the time for the international community to more than ever redouble coordination and cooperation to protect human life and lay the foundations for a strong economic recovery and sustainable, balanced and comprehensive growth after this crisis

In this context, we want to point out that we have begun to monitor and evaluate the impact of this pandemic on trade, in keeping with our commitment to the task assigned to us by our leaders

We are actively working to ensure the continued flow of medical supplies and equipment, essential agricultural products and other essential goods and services across borders in order to support the health of our citizens. In keeping with our national requirements, we will take the necessary immediate measures to facilitate the movement of trade in basic products

We will also support the availability of medical supplies and pharmaceuticals and will strive to enable access to them at reasonable and fair prices so that they reach those who need them most as quickly as possible, by encouraging additional production by providing targeted incentives and investments consistent with national conditions

We will never fail to combat exploitation and unjustified price increases

We are all concerned about the effects of the Corona Virus (Covid-19) pandemic on fragile developing countries and the least developed countries, especially in Africa and small island states, and we are also concerned about the massive challenges faced by workers and businesses, particularly the most vulnerable groups. Accordingly, we will ensure that our joint response to this pandemic is supportive of micro and small and medium enterprises, with an emphasis on the importance of strengthening international investment

We all agree that the emergency measures designed to counter the pandemic of the Coronavirus (Covid 19) - if necessary - must be targeted, equal, transparent, and temporary, and not impose any unnecessary barriers to trade or disrupt global supply chains and must comply with WTO rules . We intend to implement these measures and at the same time adhere to the principle of international solidarity, especially in light of the emerging needs of other countries in providing emergency supplies and providing humanitarian assistance

In this context, we stress the importance of transparency in the current period and our commitment to continue to notify the World Trade Organization of any trade-related measures or measures that will be taken, which will enable global supply chains to continue to work in light of this crisis while accelerating the next economic recovery process

We will adhere to the individual and collective level as we fight this pandemic and seek to mitigate its effects on trade and investment at the international level by continuing to work together to create a free and fair trade and investment environment free from bias and discrimination and transparent, stable and predictable while keeping our markets open

We will ensure the smooth and continuous operation of the logistics networks that form the backbone of global supply chains. We will also explore ways to keep logistical networks open by air, sea and land shipping, as well as identify possible ways to facilitate the necessary movement of health personnel and businessmen across borders without undermining efforts to reduce the spread of the virus .. and we will continue our work in monitoring and evaluating the resulting impact About this pandemic on trade

In this regard, we invite international organizations to provide in-depth analyzes of the impact of the Corona Virus (Covid-19) pandemic on trade and investment at the international level and on global value chains. We will also continue to work together with these organizations to provide coordinated direction, gather and share best practices to facilitate the flow of essential goods and services

We will meet again if the need arises, and we have mandated the Trade and Investment Working Group of the Group of Twenty to raise these issues about earning and identifying additional proposed measures that would mitigate the effects of the large-scale Corona Virus (Covid-19) while specifying actions to be taken on Long term to support the international trading system and accelerate economic recovery

In this context, we affirm that the Italian Presidency of the Group of Twenty for the next year 2021 is committed to continuing to pay close attention to the international commercial climate during discussions on long-term measures   LINK

Frank26: Trump Gave Them Their Last Breath....How Long Can They Hold It? 3-30-2020

KTFA:

Frank26:  3-30-20 TRUMP GAVE THEM THEIR LAST BREATH...HOW LONG CAN THEY HOLD IT?

THIS WHOLE VIDEO IS IN FRANK'S OPINION

This may be my last update on YouTube.

I am in the mood to talk tonight.

Tonight on our Conference call at 7 pm est. we are going to talk about the Federal Reserve…..and the US Treasury and Donald Trump…….I’m going to tell you my opinion.

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

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

TONIGHT’S LIVESTREAM LINK https://livestream.com/accounts/78544

https://www.youtube.com/watch?v=4fA4BqPoDMI&feature=youtu.be

Frank26 and KTFA Members Saturday Night 3-28-2020

KTFA:

Don961:  On the threshold of the crisis ... conflicting statements in the Prime Minister's Office regarding the issue of financing employee salaries by printing currency

2020-03-28

Yassin Iraq: Baghdad

The issue of printing the Iraqi currency to finance the state budget, which the follow-up cell in the Prime Minister’s Office stated, has caused a great deal of social and economic circles, as Article 26 of the Iraqi Central Bank Law prohibits printing the Iraqi currency, while the economic advisor to the Prime Minister sees the appearance of Muhammad Saleh, The topic is just a suggestion.

Printed currency

The Follow-up Cell revealed, in the Prime Minister’s Office, that the government will be able to distribute the salaries of the current month of March, while it will resort to some solutions to ensure the provision of salaries next month. ), She explained that the salaries of employees amount to 3 billion and a half per month, which may push Iraq to print the currency as a last option, "as the state of the state will be affected starting from next month."

Cell leader Mustafa Jabbar Sanad said in a press statement, "The Corona virus crisis caused the disruption of the economy in general and the oil sector in particular, as global demand for oil decreased by 10 million barrels per day, while it will decrease during the next month by 9 million barrels." "The drop in the world oil price by one dollar means the loss of Iraq's annual budget of one billion dollars."

He pointed out that "among the solutions that the country's government may be heading towards is the printing of the currency," noting that "this is not possible without the presence of a cover of gold and hard currency. However, this option is offered as a last option, as things can go for a month or two." ”

Sanad cited his talk about currency printing that "the United States decided today, through a decision by the Congress, to print the currency at a value of two trillion dollars, which is the first country in the world, but it did not adhere to the issue of currency printing, so how do other countries that depend on the US dollar (referring to Iraq)".

Abdul Mahdi's advisor explains

The financial advisor to the Prime Minister, the appearance of Mohammed Saleh, revealed today, Saturday, Iraq’s options to face the new financial situation, which was imposed on the country after the decline in oil prices and the emergence of the Corona virus, while stressing that the issue of printing an Iraqi currency to avoid the crisis is just an opinion and a proposal.

Saleh said, in a statement, that "a team is working with the Ministerial Council to restructure state expenditures," noting that "our options to confront the financial situation are heading towards pressure expenditures."

He believed that "the issue of printing currency is merely a personal and suggested opinion that is not consistent with the Central Bank Law."

Economist explains

Today, Saturday, the economic expert, Nabil Al-Marsoumi, said that the Central Bank of Iraq Law of 2004 and its amendments prohibit government lending, but it allows him to purchase government securities from the secondary market only and that this is done through the use of a method of deduction of treasury transfers by the central bank as a debt to the bank The owner of the initial deduction, and this leads to an increase in his assets (the rights of the central bank over others), which requires an increase in his liabilities (the rights of others over the central bank) through an increase in the currency in circulation.

And the decree said in an interview to the platform "Yass Iraq" that "this is the same method that was used by the Central Bank of Iraq after the collapse of oil prices in 2014, knowing that the internal debts amount to about 40 trillion dinars representing treasury transfers and bonds discounted with government banks and the Central Bank of Iraq."

He added, Iraq will resort to adopting this method now due to the large deficit in the 2020 budget and to cover the salary gap that may reach $ 15 billion.

The Central Bank of Iraq law does not allow the printing of the currency to finance the deficit in the public budget because this measure would expose the national currency exchange rate to collapse as well as its inflationary effects on the Iraqi economy.  link

DELTA:  THANK YOU DON.........LIKE I SAID LAST NIGHT ON UBTB....

Moparman:  So, they can't borrow money and they can't print money. There are no auctions and they are facing sanctions. The writing is on the wall, they have to Reinstate their currency with enough value to pay their bills.

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Don961:  The World Bank: Many countries will need debt relief

 The world  ,   03/28 2020 11:40  

Baghdad - Iraq today:

World Bank President David Malpas has stated that many countries will need debt relief or restructuring due to the impact of the Corona virus on their economy.

Malbas said that preliminary estimates indicate that the volume of official debt service payments to the World Bank's International Development Association (IDA) for assistance to poor countries is approximately $ 14 billion in 2020, with interest and loan repayment calculations.

Malbas added that the World Bank is currently working with 35 countries to restart existing projects for the purpose of fighting the Corona virus, noting in this regard that projects worth about one billion dollars have been approved.

He also confirmed that he would refer the first 25 projects dealing with the Corona virus to the bank’s board of directors for approval today, adding that its value is estimated at two billion dollars.  LINK

Dan:  It's time for Steve Mnuchin to pump money into infinity into the system.
When it's time for bail outs, then refuse to bail out the banks.
everyone knows the system is broken and it can not be fixed.
It's time to break the evil system run by the Federal Reserve.
Bankrupt the old system, and bring in the new. 
(Hint) there's nothing federal about it. All past presidents have been 
well aware of this problem but lack the stones to take it on.
It's always a matter of being re-elected. 
Truly hope President Trump deals with this monster and slays it.
He would be a hero to kill this well fed monster.

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

Iggy:  What's the difference between Dubai & Abu Dhabi?  

People in Dubai don't like the Flintstones……..but people in Abu Dhabi doooooo.

Iggy:  Which side of the chicken has more feathers?
The Outside

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Don961:   Trump: New York is a "hot spot" and quarantine may be imposed in 3 states!

21:46 Saturday 28 March 2020  Baghdad - people  

On Saturday, US President Donald Trump suggested the possibility of imposing a 14-day quarantine on New York State, and possibly New Jersey and Connecticut, after the aforementioned states witnessed an increase in the number of people infected with Coronavirus. 

"I want to impose a quarantine on New York because it is a hot spot, but I rule out the shutdown of the metro in New York City," Trump said during a press conference, followed by "People" today (March 28, 2020).

He added, "I do not know whether the closure will be ended in the country by April 12th."

New York State Governor Andrew Como said Saturday that the number of positive cases in the state was 52,318, while deaths reached 728.

The governor also announced the postponement of the state's primaries, which were scheduled for April 28 until June 23.

Trump headed to Norfolk, Virginia, to attend the launch of a US Navy medical ship scheduled to fly to New York to contribute to the fight against the virus there.   LINK

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Frank26:  3-28-20. Q&A

This video is in Franks opinion

https://www.youtube.com/watch?v=bvXMD_GK7wg&feature=youtu.be

Judy, Frank, Lynette Zang and more Wednesday Night 3-25-2020

Special Restored Republic via a GCR Report as of March 25, 2020

Compiled by Judy Byington,

Judy Note: According to Fleming on Wed. March 25 at 1:43 pm EDT: My Military Intel contact said that the RV was being released right now under an Executive Order signed by President Trump. The Pelosi and House foot dragging was not going to work. The Senate vote was what counted for a cover story for redemptions. He said to watch for notifications after the Senate vote today Wed. March 25.

Late last night Tues. 24 March our military Intel contact said that agreement has been reached on the Senate Stimulus Bill at 2 am EDT. CDC inspectors would finish inspecting Redemption Centers and Banks on Wed. 25 March. It was expected that they would be ready to start us (the Internet Group) some time Wed. 25 March.

Today Wed. 25 March three Republican senators were warning that they would oppose the major Corona Virus Response Package unless a "massive drafting error" in the legislation, that they say would create an incentive for employers to lay off employees, was fixed.

The Sovereign groups were paid Tues. 24 March.

A deadline of Tues. 31 March has been set by the World Court to finish the RV.

President Trump called for a re-opening of the economy by Easter Weekend 10 April – which not by coincidence, was just after the Tier4b (Internet) Group finished redemption (Tues. 31 March), plus the General Public had begun exchanging at the new Forex Rates (Wed. 1 April).

Q’s Ten Days of Darkness might occur 1 April when the public was expected to begin exchanging at the new international rates (upon announcement of the Gold Treaty?) and extend to 10 April (Easter Weekend). No one knew what that Ten Days of Darkness meant, except perhaps that Mass Arrests in the US would take place during that time.

All procedures for the Global Currency Reset have begun.

The new currency rates have been locked into bank screens.

Over last weekend the Stock Market upgraded to Quantum Financial System digital trading and now there was no way to cheat on buy and sell orders.

Over last weekend Banks and their branches converted over to the new Gold Standard system.

It was rumored that the US Government had taken over and was now running the previously privately owned Federal Reserve.

The privately owned IRS has also been taken over by the US Government and was now located at the new US Treasury on an Indian Reservation near Reno Nevada.

President Trump has signed off on NESARA and it was expected to begin at the same time as the Global Currency Reset.

Q: indicated that there would be Ten Days of Darkness needed for a cultural, economic and political reset to take place within the country and globe. That darkness was believed to have begun on Sun. 22 March when all procedures for the Global Currency Reset had started, and would extend to Wed. 1 April when the general public could begin exchanging at the new international currency rates. What that Ten Days of Darkness entailed was anyone’s guess.

Bruce: The Sovereign Groups were to be paid out Tues. 24 March. The Center for Disease Control put out 25,000+ to do final inspections Wed. morning 25 March. There was a possibility of going tomorrow Wed. 25 March, but more of a possibility of getting notified and setting appointments for Thurs. 26 March.

Fleming: Our military Intel contact just confirmed the Reno guy's Intel that the banks and their branches have been converted over to the new gold standard system over the weekend, and all was ready to go. He also confirmed Okie's Intel that "landing permission" start of our T4B redemption start was now Wed 25 March. Some of the delay was Senate and House Democrats blocking the $2 trillion stimulus package, which was tied in some way to the release. Trump said he would use an Executive Order signed behind the scenes under the Stafford Act to push things through. They wanted at least 8-10 days of 800#s out for exchange-redemption appointments by the end of the month Tues. 31 March for needed liquidity in the economy and markets. The World Court and Interpol were exerting the Chinese lawsuit ruling pressure for sooner than later.

Snake Update 23 March: https://dinaresgurus.blogspot.com/2020/03/snake-update-23-march.html The news I received today from my banker was that everything has started as far as the procedures were concerned, the banking holiday was being used to connect all banks worldwide to the QFS system and the possibility existed that we may receive the elusive 800 numbers tomorrow Tues. 24 March with that Tuesday being the earliest we could go and exchange. Again everything was fluid.

Read Full Post Here:  https://inteldinarchronicles.blogspot.com/2020/03/restored-republic-via-gcr-special_25.html

KTFA:

Frank26:  "3-25-20 IT SHOULD HAVE BEEN 6 TRILLION"

This video is in Frank’s opinion

https://www.youtube.com/watch?v=dqhTs3n3cPc&feature=youtu.be

Iggy:  What happens when an escalator breaks?  
Everyone always stops and STAIRS.

Iggy:  "Never doubt the courage of the French.    They were the ones who discovered that snails are edible.”

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

Courtesy of Dinar Guru

Pimpy  ...I believe everything is ready to happen.  They're just gonna come out and announce whatever rate change it is.  They're just gonna announce it.  It's gonna happen instantly.  Now that doesn't mean they won't have what's called a manage rate or "dirty float" and that is they're gonna manage it because if it's too much of a shock to the economy...

Jeff  ...the whole rate change itself is about a 4-week process...the reason why we saw the country of Iraq shut down their financial markets is because they did start the rate change process that week.  Again it's a process.  It's not just an overnight flip of a switch.  They actually started the rate change last week - which is roughly week 1...we're now in week 2 so we have about two more weeks.  That would take us to a possible rate change period of somewhere around the weekend of April 12th which is Easter Sunday...

Lynette Zang: 

WHAT WILL GOLD BE WORTH? New Dangers of Negative Rates & How to Calculate Gold's Fundamental Value

Streamed live 4 hours ago

Let the helicopter money begin. The Fed’s alphabet soup of QE roars in with a vengeance with a promise of unlimited free money, but they cannot reflate the economy alone this time, they need help.

Enter new government programs that are starting at $2 Trillion in new money, but, in my opinion, will likely be much higher. All of this is supposed to be temporary, but one look at history shows it never really is.

Additionally, on the other side of this virus when people begin to spend that free money, any remaining value in the global fiat currencies is most likely to evaporate in a hyper-inflationary surge taking any wealth held in fiat money products with them.

When we get to the other side of this pandemic. Everything will have changed, including our financial system.

If you want to hold on to your wealth and independence, I suggest you do what the smartest guys in money are doing, buying physical gold.

https://youtu.be/wJmjAz1SNbU?t=1

KTFA Members "News and Views" Tuesday PM 3-24-2020

KTFA:

DELTA: Parliamentary Finance: The global crisis, low oil prices are temporary, and employee salaries are insured for a full year

Baghdad / Obelisk: Member of Parliamentary Finance Committee, Ahmed Al-Saffar, said on Monday, 23 March 2020, that the global crisis represented by low oil prices is temporary, confirming that the salaries of employees are insured for a full year because there is a financial surplus capable of securing them.

Al-Saffar said in a statement pursued by the "obelisk", that the global crisis represented by low oil prices is temporary and may not last more than a month or two at the most, noting that its causes are known and it is an outbreak of the Corona virus, in the world and its impact on large production plants in Japan and China. And Europe, which led to lower oil demand, and producers entering a price war and flooding the market with crude oil, which led to lower prices.

He indicated that the oil exporting countries do not bear more losses and could end the crisis during the next month or the next.

He continued that keeping oil prices at their current level will not harm Iraq, as it can pay the salaries of its employees for a whole year, from the surpluses of the 2019 budget for investments and many exchange doors in other ministries, in addition to that Iraq is a country that has a cash reserve in the central bank and may be resorted to internal reserves or External, in addition to methods related to monetary policy, open market operations, the interest rate, or the legal reserve of banks.

Al-Saffar hinted that Iraq could also resort to external borrowing in the event of an emergency and crisis after it banned it in last year's budget.

https://almasalah.com/ar/news/ 

Monday Night KTFA CC with Frank26: 3-23-2020

https://fccdl.in/iPpurwvWIy

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DELTA:  Resumption of trading activity in securities in the Iraqi market for securities as of Sunday, 29 March 2020

According to the decisions of the Health Crisis Cell in Iraq

http://www.isx-iq.net/isxporta.....038;type=2

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

Samson:  A terrible challenge these countries will face, including Iraq

24th March, 2020

The International Monetary Fund announced today, Tuesday, that dozens of countries in the Middle East and Central Asia have contacted the fund, requesting financial support to face the impact of the Corona virus on the economy

Jihad Azour, director of the Middle East and Central Asia Department, said, "The challenge will be especially daunting for fragile and torn countries like Iraq, Sudan and Yemen
 
The International Monetary Fund had previously expected that the Corona "Covid-19" epidemic would have a severe impact on the global economy
 
The head of the International Monetary Fund's Policy and Strategic Review division, Martin Muelweisen, said last week that the main goal of governments should be to limit the spread of the virus in a manner that creates confidence that the economic shock will be temporary  LINK

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Samson:  The World Bank informs Iraq of its unwillingness to discuss any new loan for Baghdad with the status quo

24th March, 2020

Revealed a senior Iraqi official in Baghdad, on Tuesday, that the World Bank informed Iraq of its unwillingness to discuss any new loan to Baghdad, the current status of the country.

The official said, "The option of external borrowing, as one of the government's means to alleviate the financial crisis, is not raised due to assurances received from the World Bank that it is not ready to discuss any new loan to Baghdad in the current state of the country," noting that "recent government decisions were unsuccessful and contributed to increasing Financial deficit."

He added, "These decisions are represented in the employment packages launched by the government, and they were all courtesy motives at the expense of the actual need, and so far have reached more than a quarter of a million jobs."   LINK

DELTA:  GREAT POST SUPER SAMSON..........IT'S ABOUT TIME.... THANK U WORLD BANK...MUSIC TO MY EARS....BOOOOOOOOM 

Samson:  Legal: Parliament is able to give families an emergency grant of 250,000 dinars

18:03 - 24/03/2020

Legal expert Ali al-Tamimi confirmed, Tuesday, that the parliament has the right to vote on allocating 250,000 dinars to each family as an emergency grant in accordance with Article 59 of the Constitution.

Al-Tamimi said in a statement to "Information", that "Parliament can, under these circumstances, hold an extraordinary session to discuss the situation of workers with daily wages to take appropriate decisions regarding their wages." From the constitution. ”

He added that "that grant is distributed according to the ration card for a period of one or two months, until salvation from the Corona epidemic that has disrupted all workers," noting that "the money is allocated from the emergency budget and the initiative comes from the parliament or the President of the Republic."  LINK

Suzie:  Seems like a lot of dinars if there's a strong possibility they could RI/RV in the next few weeks....even at .50.... and if parliament can do this  why not just RI/RV???  Begs a lot of questions, just my opinion!

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Samson:  The Central Bank of Iraq announces the collection of 44 billion dinars to combat the Corona virus and thanks the Iraqi banks

24th March, 2020

The Central Bank of Iraq has announced the collection of 44  billion dinars for the purposes of bridging the shortage of artificial respirators for the purposes of measures to prevent the spread of the Corona virus, expressing its thanks to all donors

The Central Bank of Iraq said in a press statement, which was received by "Al-Iqtisad News", that "as part of efforts aimed at staving off the imminent danger that the outbreak of the Corna virus can cause to the health of citizens, the Central Bank of Iraq announces the collection of 44 billion dinars as of Tuesday, which is used for dam purposes." Shortage of ventilator, which is the cause of high death rates

He added, "The Governor of the Central Bank and its Board of Directors seize this opportunity to extend many thanks to the Iraqi banking system and all the parties that responded to the appeal and contributed by making a donation to the fund called by the Iraqi Ministry of Finance to confront the dangerous epidemic  LINK

Don961:  SOME PR ...  IMO  ... SHOWING THE CITIZENS THAT PERHAPS THESE PEOPLE RUNNING THE BANKS MAY NOT BE SO BAD AFTER ALL .. AND CAN BE TRUSTED TO HOLD SOME OF THAT HOARDED CASH IN THEIR HOMES ... IN EXCHANGE FOR NEWER , MORE SANITARY BANKNOTES ... OR EVEN ELECTRONIC CURRENCY ... 

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Samson:  The Ministry of Interior announces that 19,000 cars have been seized and fined since the curfew was imposed

10:50 - 24/3/2020

The Ministry of the Interior announced, on Tuesday, that it had been fined and booked 19,000 wheels throughout the country since the start of the curfew decision, noting that the imposed measures came to prevent Iraq from sliding into a catastrophe with severe consequences.

"The health authorities in Iraq imposed a curfew to prevent the country from slipping into a health catastrophe, and the consequences are severe in the event of the spread of the Corona virus in the country," said ministry spokesman Major General Khaled al-Muhanna in a statement to "Information".

Al-Muhanna added, "The security forces are serious in law enforcement, and they have arrested many citizens and imposed and seized 19,000 wheels across the country."

He continued, "Adherence to the law and not violating it at the time of the crisis indicates the size of responsibility," stressing that "in case of breaking the law, security forces will be dealt with firmly and the violator be held accountable, whatever his characteristic."  LINK

Samson:  The American Treasury: We suffer from a terrible shortage of cash

23rd March, 2020
US Treasury Secretary Stephen Mnuchin confirmed on Monday that Congress is close to approving the fiscal stimulus package to combat the "Corona" virus, noting that Washington will put 30-year bonds for sale.

"Democrats and Republicans are close to agreeing on a fiscal stimulus package to combat the economic damage caused by the virus," Menuchin said in an interview with CNBC.

He explained, "The US Treasury and the Federal Reserve are working to provide liquidity of four trillion dollars in the markets."   LINK

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Samson:  (thank you Sunkissed for this article headsup)

Expect a coronavirus stimulus agreement in Senate, Schumer says

24th March, 2020  (thank you Sunkissed for this article headsup)

Sen. Chuck Schumer, D-N.Y., told reporters early Tuesday that he expects Republicans and Democrats in the Senate to come together and reach an agreement on the $2 trillion coronavirus stimulus package that set off a fierce debate on the Senate floor and allegations from both sides that the other was politicizing the emergency.

Despite the logjam, Schumer, the Senate minority leader, and Treasury Secretary Steven Mnuchin told reporters that there was progress made in late-night negotiations. Schumer said he expects a vote sometime on Tuesday.

One of the key issues in the package is the $500 billion "Exchange Stabilization Fund." Democrats call it a "slush fund," and claim Mnuchin would have far too much influence over which industries would have access to the fund.

Mnuchin denied the claim on Fox Business, saying, "It's not a slush fund; it's a mechanism that we can use working with the Federal Reserve that will provide another $4 trillion of potential liquidity into the market. That’s on top of the Fed’s balance sheet."

A Politico reporter, citing three sources, tweeted that Mnuchin agreed to "significant oversight" for the fund in part of the negotiations.

President Trump claimed Monday that the Senate Democrats were “playing partisan politics” and should make the deal. “I think we've made a lot of progress," Mnuchin told reporters. "Both sides have been working around the clock." He said there are a few documents that need to be reviewed and turned around, but he is hopeful they will be resolved Tuesday.

Schumer also struck an optimistic tone. “We expect to have an agreement tomorrow morning. There’s still a few little differences. Neither of us think they’re in any way going to get in the way of a final agreement,” he said.

At around the time Schumer and Mnuchin were leaving the Capitol, Trump re-tweeted a National Review article about last-minute "ideological demands" from Democrats that were added to the relief package. The report said these demands included the expansion of wind and solar tax credits and increased fuel emissions standards for airlines.     Trump tweeted, “This will never be approved by me or any other Republican!”

** There are two videos on this link  LINK

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Don961:  Trump ignores warnings: We will not leave the US economy with "doctors"!

13:19 Tuesday, March 24, 2020

Baghdad - people

US President Donald Trump said on Tuesday that he is studying how to reopen the US economy after a 15-day closure period ends next week, even if the Corona virus spreads.

"America will open again and quickly to commercial activity ... We will not allow that to turn into a long-term financial problem," Trump said at a White House press conference, which was followed by "People" today (March 24, 2020).

Trump added that economic activity could resume in states, which have what he described as relatively slow rates of coronavirus infection, citing Nebraska and Idaho as examples, while work continues on hotspots in other states such as New York.

He continued, "If it is left to the doctors, they will say let us close the whole world."

A week ago, Trump issued instructions that he said were aimed at slowing the spread of the disease within 15 days, including limiting unnecessary travel and stopping economic activity in some states.

LINK

Frank26 Video "Dinars Swapped......WHY?" and more 3-23-2020

KTFA:

Frank26:  DINARS SWAPPED.......WHY?

Streamed live 33 minutes ago

This video is in Frank’s opinion

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

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605.313.5164 PIN: 156996#

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Samson: Pompeo arrives in Afghanistan on an unannounced visit

03/23/2020 12:34:44

The US Secretary of State, Mike Pompeo, arrived today, Monday, in an unannounced visit, to help save a historic agreement that Washington signed with the Taliban at the end of February.

Political differences in Afghanistan and the ongoing violence hinder the implementation of the agreement between Washington and the Taliban, which was reached last month.

The plane carrying Pompeo landed in Kabul to meet Afghan President Ashraf Ghani and his political opponent, Abdullah Abdullah, who also says he is the country's president and rejects the results of the recent presidential elections in which his opponent, Ghani, was officially declared the winner again.

This was confirmed by a spokesman for the American forces in Afghanistan, Sony Leadgate, earlier that the United States began withdrawing its forces from this country, based on the agreement reached by Washington with the "Taliban" movement.  LINK

Frank26 and KTFA Members "News and Views" Sunday 3-22-2020

KTFA:

Samson:  The Central Bank of Iraq decides to postpone the payment of loan installments for a period of three months

21st March, 2020 

The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced that the loan installments were postponed for a period of three months due to the crisis that Iraq is currently going through

Al-Alaq said in a press statement received by "Al-Iqtisad News", that "in light of the circumstances the country is going through, and for the purpose of relieving the financial burdens on clients with the banking system, the Central Bank decided to postpone the payment of the premiums from the beneficiaries of its initiatives to support small and medium-sized projects (two initiatives And five trillion dinars) for a period of three months, including real estate bank and housing fund loans funded by the central bank, and that the postponement does not result in any increase in interest

He added that the Central Bank is continuing its consultations with the various bank departments for the purpose of taking appropriate measures from them regarding other types of loans LINK

Samson:  An economist explains the possibility of Iraq to maintain the dollar exchange rate

09:05 - 22/03/2020
On Sunday, economist Dr. Safwan Qusai said that the central bank has reserves that enable it to maintain the dollar exchange rate for a certain period, pointing out that the demand will be greater on the dollar if the world cannot control the Corona virus in the second quarter of this year.
Qusai said in a statement to the "information", that "the monetary policy controls the exchange rate of the dollar and the banks were not affected by the operations of pumping Iraqi cash or foreign currency."

He added that "Iraq's revenues decreased due to the low price of oil, and it was possible to witness the inability of the Ministry of Finance and the Central Bank to finance the amount of dollars required in the local environment, but not for the current period."

And that "Iraq, in the event that there is no decline in the Corona virus in the second quarter of this year, it is possible that there will be an increase in the level of demand for the dollar in Iraq and the world."

He explained that "the dollar may be a safe haven for the world, especially with the drop in the price of shares due to the decline in the level of production, causing the decline in the level of profits and all things are declining except for gold, which is the least loss."

He stressed that "the central bank has reserves that enable it to maintain stability at dollar prices, but for a certain period." LINK

DELTA:  GREAT POST SUPER SAMSON........

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Samson:  Iraq announces the extension of the curfew and the suspension of working hours until next Saturday

22nd March, 2020

The government crisis cell in Iraq decided to extend the curfew and suspend working hours until 11:00 pm next Saturday, 28 March.

And the statement issued by the crisis cell issued on Sunday, to continue the suspension of flights until the evening of next Saturday and to re-evaluate the situation according to the epidemiological situation.

The statement also stated that continuing to disable the permanence of educational and educational institutions until next Saturday evening, provided that the security, health, service, diplomats and media cadres are excluded from the curfew, and that the employees of the Ministry of Finance and the accounting and budget departments and government banks are excluded from the curfew.

The cell asked the Ministry of Finance to transfer $ 50 million in allocations from the Ministry of Health for use in purchasing prevention and treatment kits.   The Municipality of Baghdad and the municipal departments in the provinces also demanded that the levies be stopped, and that the time of the Corona crisis be considered a force majeure for all projects and contracts, starting from February 20. LINK

Samson:  BROUGHT FORWARD FROM THE 18TH MARCH THREAD - POST 90 - THIS TIES INTO WHAT FRANK SHARED ON LAST NIGHT”S YOUTUBE...

Fed Aims to Keep Dollars Flowing Globally in Nine New Agreements

19th March, 2020
The Federal Reserve opened currency swap lines, which help foreign central banks to keep dollar funding flowing, with nine nations.

19th March, 2020

The Federal Reserve said it would extend currency swap lines to nine additional countries, an attempt to keep dollars flowing to banks around the world as the coronavirus disrupts every aspect of business, creating a cash crunch in many nations.

The Fed opened currency swaps with central banks in Singapore, South Korea, Brazil, Sweden, Australia, New Zealand, Mexico, Norway and Denmark, the Fed said in a Thursday morning release.

The Fed has a history of using so-called “swap lines” to help foreign central banks deliver U.S. dollar funding to financial institutions in their regions amid market stress. Such agreements were used extensively during the financial crisis. Indeed, the newly extended swap lines are with the same countries the Fed struck such agreements with during the 2008 financial crisis.

The Fed has standing swap lines with partners including the Bank of Canada, the Bank of England, the European Central Bank, the Bank of Japan, and the Swiss National Bank, and it sweetened the terms on those programs on March 15 to encourage their use.

Because of the importance of the U.S. dollar in the global economy, strains in the markets for borrowing and lending dollars overseas can disrupt financial conditions here in the United States,” Jerome H. Powell, the Fed chair, said in a news conference after that decision.

Swaps work through two transactions: A foreign central bank first sells its currency to the Fed in exchange for dollars. The foreign central bank is then obligated to buy back its currency on a specified date at the same exchange rate, with interest.

The dollar is in many ways the world’s currency. Banks overseas have some $13 trillion in dollar-denominated assets. Because banks abroad operate so heavily in dollars, they may need access to dollar-based credit to weather a shock.

“These facilities, like those already established between the Federal Reserve and other central banks, are designed to help lessen strains in global U.S. dollar funding markets,” the Fed’s Thursday release said of its new agreements.  LINK

Clare:  PLEASE ......DO NOT MISS LAST NIGHT'S YOUTUBE! THERE IS SO MUCH VALUABLE INFO IN IT...IMO.  MAKE SURE YOU WATCH FROM BEGINNING TO END... WALKINGSTICK CALLED FRANK AT THE END, AND AFTER WS, FRANK RECEIVED MORE INFO FROM ANOTHER TEAM SOURCE...AND OF COURSE, THERE IS MORE COMING!   BLESSINGS & PROTECTION TO ALL.... BE PREPARED...BE SAFE...BE WISE!

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Frank26:  3-21-20. Q&A

"SOMETHING'S COMING"

This video is in Frank’s opinion

1. Security and Stability 2. Stop using the dollar 3. Stop the auctions..... SUDDENLY.

1: Security and Stability…..We got it

2: Stop using the US dollar…..They did it

3:  Stop the Auctions…..  They did it

EXCITING WEEK AHEAD

https://www.youtube.com/watch?v=7vNKG0dHRUw&feature=youtu.be

MilitiaMan:  Today there is an ongoing meeting about more in depth facilities to provide stimulus. It sounds like an additional 2 trillion is on the table. With the already 1.5 trillion, the 550 billion, 880 billion USD, 750 billion Euros backed by an additional 2 trillion USD in facilities for varying levels of liquidity being on the table is indeed a sweetened pot! I would say so.. 

The CBI showed us they modified the money moved to outside banks on their statistics site that support there was a currency swap alright and at the same time as the UST told us about the first tranches for bank liquidity. imo  

There is no coincidences any more.! There is significant data that the sweetened pot per the FED has the implications of a very well placed and timed currency swaps.. They are just not pointedly saying it aloud the way we want to hear it.. They can’t yet.. It appears the UST and Congress by what we are seeing is them hammering things out before the final shoe is thrown!! 

Did you all notice how the drops in markets share pricing around the world percentage wise is fairly consistent in amounts across many fronts? Not a normal behavior.. Unless this was a demonstrable event cloaked under a guise or circumstance that arose to be a front for something far larger in the over all scheme of things. Don’t get me wrong a crisis is a crisis sadly, however, there is a view to some that one shouldn’t let a good crises go to waist!!

The amounts of money being thrown around are staggering if you think about it. But, interestingly enough the amounts are doable. For example the 1.5 trillion USD for liquidity sake to banks by the Fed alongside the CBI moving 1.047 trillion IQD have a ratio of about 1.43.. Keep in mind currency swaps have time, exchange rate and interest rate to consider. Iraq buys dollars with IQD and over time buys back this same Dinar at the same exchange rate as today but with interest.. So if Iraq during the time of the swap period re in states an international rate that is double or triple the ratio above for instance, they still by back at the original ratio with interest only added.. 

It is fairly simple and does loads of good imo!! All geared for shoring up markets and Iraq as a whole during the crises of virus and low oil, etc.. aimo!! - MM

Clare:  Mnuchin confident that stimulus package will keep economy afloat until coronavirus passes

Treasury Secretary Steven Mnuchin expressed confidence in the future of the U.S. economy Sunday, and was optimistic about lawmakers’ ability to move forward with a stimulus plan to help Americans deal with the coronavirus outbreak.

Mnuchin is set to meet Sunday with House Speaker Nancy Pelosi, House Minority Leader Rep. Kevin McCarthy, D-Calif., Senate Majority Leader Mitch McConnell, R-Ky., and Senate Minority Leader Chuck Schumer, D-N.Y., to discuss a relief package expected to top $1 trillion.

“I think we have a fundamental understanding and we look forward to wrapping it up today,” Mnuchin told “Fox News Sunday.”

Mnuchin explained various aspects of the legislation that lawmakers are currently working on. The first is what he called “small business retention loans,” which he said would give small businesses two weeks of cash flow to pay employees.

“You need to retain them. You’ll also get some overhead. And if you do that, those loans will be forgiven,” Mnuchin said. “That will allow small businesses to keep people, and make sure when we open up the economy, they’re up and running.”

He also said that the government will provide direct deposits, with an average family of four receiving approximately $3,000, as well as “enhanced unemployment insurance” for those laid off due to the outbreak.

The fourth part, Mnuchin said, is “a significant package working with the federal reserve, which will provide “up to $4 trillion of liquidity that we can use to support the economy.”

Mnuchin said the plan is meant to deal with “a 10-to-12-week scenario,” but that they are prepared to do more if it lasts longer.

For the long term, Mnuchin maintained confidence, saying he expects a full economic recovery from the outbreak once it has passed.

“The U.S. economy is strong. We’ve stopped major parts of it, but when we get through this virus, as I’ve said, I think you’re gonna see the U.S. economy come back to the strength, we have great companies, we have great workers," he said. "What we need to do is have a bridge to get through this. And this isn’t the financial crisis that’s gonna go on for years.”

McConnell announced late Saturday all sides were “very close” to a bipartisan resolution, and the Senate is expected to hold a procedural vote on a bill Sunday afternoon.

A spokesman for Senate Democratic leader Chuck Schumer said Saturday there was “not yet an agreement,” but spokesman Justin Goodman said Democrats look forward to reading the draft and further negotiations.

The House and Senate already passed a bipartisan $8.3 billion package to prop up the health care system to prepare for the influx of sick Americans. The second response bill that was signed into law Wednesday aims to bring relief to workers who lost their jobs and families at home for illnesses, quarantines or caring for kids whose schools have shuttered.

“Everybody's working hard and they want to get to a solution that's the right solution; I think we're very close,"  President Trump said at a Saturday press briefing, striking a confident tone about the nation's ability to defeat the pandemic soon.

https://www.foxnews.com/politics/mnuchin-confident-that-stimulus-package-will-keep-economy-afloat-until-coronavirus-passes

Frank26 Video "Something's Coming" and more....Saturday Night 3-21-2020

KTFA:

Frank26:  3-21-20. Q&A

"SOMETHING'S COMING"

This video is in Frank’s opinion

1. Security and Stability 2. Stop using the dollar 3. Stop the auctions..... SUDDENLY.

1: Security and Stability…..We got it

2: Stop using the US dollar…..They did it

3:  Stop the Auctions…..  They did it

EXCITING WEEK AHEAD

https://www.youtube.com/watch?v=7vNKG0dHRUw&feature=youtu.be

Don961:  A covert plan for the US military to halt possible civil unrest over the Coved 19-pandemic

- 6 Hours Ago

The US National Guard is now active in 20 states, with expectations of other state governors announcing more stringent emergency measures daily, and according to Newsweek, the US military is preparing to take a greater role in responding to the Corona virus, including the controversial mission Of suppressing “civil unrest” and law enforcement, a task that the army has not participated in for nearly 30 years.
Opinion is divided within the military, on whether federal forces should make their way to do so, as state governors have special units for the National Guard.

"Newsweek" magazine stated that the federal government and the forces are not responsible for dealing with local emergencies: this is the law and it is very logical.
The report stated that the task of responding to civil unrest requires special ingenuity that military personnel may not possess, noting that the plans of the Ministry of Defense did not expect to deal with a scenario similar to the Corona virus.

The head of the National Guard office warned against federalizing protection at home, which could steal from the National Guard unique legal authorities for law enforcement tasks.

As for the leadership in the Pentagon, there is recognition that the National Guard is the best if there is no general collapse, but they said that the National Guard cannot be relied on, not because of the scope of need, but because its personnel are more vulnerable to the virus like the rest of the population.

According to a senior military planner working on the coronavirus, a plan has been prepared to deploy federal forces in support roles, and the Pentagon this week assigned two naval ships to fight the virus, one in New York and the other in California, and other logistical and engineering missions have been allocated.

An army manual published last July revealed that the martial law includes the use of the army to exercise police powers, restore and maintain order, ensure basic mechanisms for distribution, transport and communications, and take necessary relief measures.

The guide stated that “Only the president can order the military forces to impose martial law, and the guide included saying that the military may not assume any civilian job unless it is necessary in light of severe emergency conditions.

The North American Command, headquartered in Colorado, revealed a contingency plan of its own called "civil unrest operations" or "Operation Planlan 3502", a plan that is hundreds of pages long, and talks about a set of military missions to help civilian authorities respond to civil unrest, including these Riots, violence, insurgency, illegal gatherings, and mass violence.   link

ChrisC:  Civil unrest? More like high level arrests.  As scared as many people have been, I have not seen ONE example of unrest, and as I stated earlier, even as tight as toilet paper is, that woman who lost her phone still had all her groceries sitting in the bags when she went back for them.  Let's hope we finally are going to see high level arrests.  If it is a certain few, I might even manage a champagne bottle or more likely a nice whiskey.

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Don961:  Sunday's major headlines: Details of the plan to evacuate citizens abroad ... deferment of loan installments and solutions for business owners ... "trade" for food companies: We will buy your stock counting and cash ... Iranian preparedness in anticipation of a US coup in Iraq

right Now  March 21, 2020, 11:26 PM

Newspaper

Iranian prepared for an American coup in Iraq

 A source in the Iranian "Al-Quds Corps" revealed the announcement of the Revolutionary Guards and the factions loyal to it in Iraq, especially the Popular Mobilization Organization, the state of alert with all forces, in anticipation of a military coup plotted by the Americans to control power in Baghdad.

The source assured, to Al-Jarida, that the Iranian security services obtained intelligence information that the Americans had informed their allies in Baghdad that relying on civil society organizations was no longer effective, and would not succeed, without a parallel move by the armed forces loyal to Washington to finish off Tehran and its allies in Iraq.

He pointed out that the political structure in Iraq does not allow the Americans to have a pro-government prime minister come to power, except in the event of a pro-Washington military coup to control power.

The source said that the Iranians have opened extensive communication channels with Sunni and Kurdish Iraqi parties to form a coalition facing the new "American plans", especially in light of Washington's attempt to exploit Tehran's preoccupation with facing the spread of the Corona virus, to pass it.

He explained that the Iranians are trying to convince all Iraqi political parties that everyone’s interest requires that a civilian prime minister be able to control power in any way, and that any “military coup”, if it occurs, will mean everyone losing all of their gains, and possibly returning Iraq to what was The matter is under the rule of dictator Saddam Hussein.

The source pointed out that Washington’s liquidation of the commander of the “Quds Force” Qassem Soleimani and Vice President of the “Hashd” Abu Mahdi Al-Muhandis represented the beginning of the American move to seize power in Iraq, because the Americans were aware that Soleimani had close contacts with many Iraqi politicians, and he could turn the table over them. At any point.

The source acknowledged that Tehran had suffered a great blow by losing Soleimani, and had not been able, until now, to fill the void that left him with a character who possesses the "charisma" necessary to influence all of Iran's allies in the region.

The commission of President Barham Saleh to Adnan Al-Zarfi to form the new government to succeed Adel Abdul Mahdi was rejected by a wide range of Shiite parties, especially the "Al-Fateh" coalition, which includes factions closely related to Iran, as it confirmed that the mandate is contrary to constitutional rules.

On the other hand, US Secretary of State Mike Pompeo stipulated that the Prime Minister-designate "support the sovereignty of Iraq, distance himself from corruption, and protect human rights", in order to gain the support of Washington.  LINK