TNT, X22 Reports, Frank26 and more Tuesday PM 12-29-2020
.TNT:
Tishwash: Sumaisem: America will not pump dollars into Iraq, and dealings will be in the digital currency ... and Baghdad is forced to comply with the recommendations of the international monetary fund
Economic expert Salam Sumaisem said on the devaluation of the Iraqi dinar, that the dollar will be drained from its source in the US .Treasury, which will replace it with digital electronic money, Digital Dollar
Sumaisem added to the obelisk: We will then see how the smuggling of dollars continues, noting that only Iraq and its people will be the losers, and that .whoever trades in the Iraqi dinar will not benefit in anything
Sumaisem told Al-Masalla that draining the sources requires that there be a shortage of dollars that are pumped into the markets, referring to the issue of pursuing political money, as the financial decision-makers say that they cannot dry up the sources, but America, for example, has gone through the same crisis, especially after the decline
TNT:
Tishwash: Sumaisem: America will not pump dollars into Iraq, and dealings will be in the digital currency ... and Baghdad is forced to comply with the recommendations of the international monetary fund
Economic expert Salam Sumaisem said on the devaluation of the Iraqi dinar, that the dollar will be drained from its source in the US .Treasury, which will replace it with digital electronic money, Digital Dollar
Sumaisem added to the obelisk: We will then see how the smuggling of dollars continues, noting that only Iraq and its people will be the losers, and that .whoever trades in the Iraqi dinar will not benefit in anything
Sumaisem told Al-Masalla that draining the sources requires that there be a shortage of dollars that are pumped into the markets, referring to the issue of pursuing political money, as the financial decision-makers say that they cannot dry up the sources, but America, for example, has gone through the same crisis, especially after the decline
The US dollar fell a week ago on the global market by 8%, which prompted the Treasury to stop pumping more .dollars into the US market itself
Sumaisem considered that the Iraqi concerned authorities do not know how to act with the crisis.
Rather, they acted in a bad way in reducing the price .of the Iraqi dinar against the dollar ".
Sumaisem said, "It is true that this provides liquidity, but it will not solve the crisis
And she continued: America, for example, is moving now to the stage of digital money, which is digital money, and thus it will not pump more dollars into Iraq until it becomes scarce, and then it can pump a digital dollar. That every dollar has a number and circulation in it between the seller and the .buyer is known and limited.
It will also change the whole world, and for Iraq it will be a pivotal change Sumaisem revealed that the Minister of Finance signed a blank statement that he would implement all the recommendations of the International Monetary Fund. link
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Harambe: Bloomberg: Traders Boost Bets Against Dollar to Highest in Almost a Decade
(12/29/20)
Speculative traders are ending the year doubling down on their bets against the dollar.
Net short non-commercial positions in futures linked to the ICE U.S. Dollar Index have surged to the most since March 2011, according to the latest Commodity Futures Trading Commission data. The gauge of the U.S. currency has fallen over 6% this year as investors turned against the greenback amid unprecedented monetary easing from the Federal Reserve and a move away from haven assets.
“Hedge funds are spoilt for choice when looking for reasons to be short the dollar,” said Vishnu Varathan, head of economics and strategy at Mizuho Bank Ltd. in Singapore. “We have a Fed that is committed to a paradigm shift in its policy that materially lowers the risk of policy normalization, and a rapidly widening twin deficit makes it easier for short dollar bets.”
A combination of negative U.S. real yields, extended valuations across American assets and a current account deficit that requires dollar depreciation to finance will likely weigh on the currency into next year, strategists at Goldman Sachs Asset Management wrote in a recent note.
The Bloomberg Dollar Spot Index was down 0.3% as of 6:55 a.m. in New York on Tuesday. Ten-year Treasury yields rose two basis points to 0.94%.
“We see depreciation in the dollar continuing into 2021,” the Goldman team said. “Liquidity dynamics and virus news flow may influence the timing of dollar weakness, but not necessarily the medium-term downtrend.”
Courtesy of Dinar Guru https://www.dinarguru.com/
Frank26 Didn't we not say to you that this 1450 is something that you can flush down the toilet? 99.9% of you did [hear me]. The rest of you didn't and you panic. And you continue to let this open wound to become infected and you created your own frustration...stop being so scandalous about every little thing you hear. It's supposed to be confusing...the confusion is part of the plan...
Jeff ...what they're doing is injecting more U.S. dollars into Iraq's economy that when the rate changes they have dollars instead of dinar...when the rate does change they have take their dollars into the bank for dinar. It's just another step to pull the dinar out of circulation - to remove the 3-zero notes out of circulation inside the country of Iraq...
Breitling They want to add value to their currency...They want to be able to participate in the markets. They want to diversify. They want to get out of the oil markets. They're stuck. What are they going to do? They're going to comply with the United States, the west and our trading...they're still moving forward...They are going to pay off debt. They're going to get their payments lower. Then they're going to add value to their currency. It's a win, win, win situation for them. That's their strategy. That's what they're up to...this thing is coming down the road. They're going to revalue their currency...
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Tuesday Night X22 Reports:
Trump Turns The Spotlight On The Economic Swamp, No Escape-- Ep 2365a
The people are now seeing for the first time that congress is not for the people, they are interest in their lobbyist, special interest groups and they are not passing bills to benefit the people. Trump just exposed the economic swamp.
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What Is About To Unfold Will Be Earth Shattering, Birth Of A New Nation, Checkmate – Ep. 2365b
The patriots have now moved the [DS]/MSM into position, everything is about to change, this is not just about a 4 year election it is about taking about the country, breaking the illusion and allowing the people to once again to see clearly. This has been planned out and Trump and the patriots are leading the [DS] to exactly where they want them to be. Durham is on deck, this is checkmate, it has to be done correctly, we only have on shot at this, what is about to unfold will be earth shattering.
Monday Night KTFA CC with Frank26 and Team "It's Supposed To Be Confusing" 12-28-2020
.KTFA Monday Night Conference Call..12-28-2020
Frank26 with Team Delta, MilitiaMan, Petra and Walkingstick
PLAYBACK IS: 605.313.5163 PIN: 156996#
Frank26: 12-28-20.... IT’S SUPPOSED TO BE CONFUSING
THIS IS ALL IN FRANK'S OPINION
KTFA Monday Night Conference Call..12-28-2020
Frank26 with Team Delta, MilitiaMan, Petra and Walkingstick
PLAYBACK IS: 605.313.5163 PIN: 156996#
Frank26: 12-28-20.... IT’S SUPPOSED TO BE CONFUSING
THIS IS ALL IN FRANK'S OPINION
Monday Night KTFA CC with Frank26 and Team "The Kuwait and China Syndrome" 12-21-2020
.KTFA:
KTFA CONFERENCE CALL MONDAY NIGHT...
With Frank26 and Team MilitiaMan, Delta, Petra and Walkingsick
Special Guest is Bluestar
PLAYBACK IS: 605.313.5163 PIN: 156996#
12-21-20.... THE KUWAIT AND CHINA SYNDROME
Frank26: Both China and Kuwait misdirected before their Revaluations.
This video is in Frank’s and Team’s Opinion only!!!!
KTFA:
KTFA CONFERENCE CALL MONDAY NIGHT...
With Frank26 and Team MilitiaMan, Delta, Petra and Walkingsick
Special Guest is Bluestar
PLAYBACK IS: 605.313.5163 PIN: 156996#
12-21-20.... THE KUWAIT AND CHINA SYNDROME
Frank26: Both China and Kuwait misdirected before their Revaluations.
This video is in Frank’s and Team’s Opinion only!!!!
Clare: Iraq approves 2021 budget
2020-12-21 13:19
Shafaq News / Iraq’ Council of Ministers approved on Monday the 2021 state budget.
The cabinet held special meetings headed by Prime Minister Mustafa Al-Kadhimi and approved the fiscal budget of 2021.
No further details were shared.
A leaked draft of Iraq’s state budget sent Iraqis into a panic on Thursday as it confirmed the government’s intentions to devalue the national currency, the Iraqi dinar, and cut salaries to cope with the impacts of a severe economic crisis.
Discussions about devaluating the Iraqi dinar, which has been pegged to the dollar for decades, have been going on for weeks as the government worked to finalize the 2021 budget.
The draft law, which has to go through a parliament vote first, gives an anticipated exchange rate of 1,450 Iraqi dinars for the dollar — a significant drop from the central bank’s current official rate of approximately 1,182 dinars for $1.
Will: also in Reuters 2021 budget
Atpinfinity: What is this about at the bottom of Reuters Bagdad Dec. 21, 2020
Iraq has the world’s fourth-largest oil reserves and depends on oil revenues to fund 95 percent of its national budget.
($1 = 1.45 Iraqi dinars)
Reporting by Ahmed Rasheed; editing by David Evans and Angus MacSwan
Our Standards: The Thomson Reuters Trust Principles.
Sakcorta: Imo.... did Reuters just let the cat out of the bag?
News, Rumors and Opinions Tuesday 12-15-2020
.Snippets from Monday Night KTFA CC 12-14-2020
This is all in Frank’s opinion only
Frank26: ATMs are locked and loaded.
I believe the banks have received new counting machines programmed for the new small category notes.
I believe The tellers should be training or already have been trained on these machines and other protocols.
I believe The Kurds signed off on the HCL.
The IMf says Iraq rate will change by the end of the year.
There is a big meeting later this week to be an introduction of the new notes to key Iraqi officials.
I believe they are about to release the rate!
Snippets from Monday Night KTFA CC 12-14-2020
This is all in Frank’s opinion only
Frank26: ATMs are locked and loaded.
I believe the banks have received new counting machines programmed for the new small category notes.
I believe The tellers should be training or already have been trained on these machines and other protocols.
I believe The Kurds signed off on the HCL.
The IMf says Iraq rate will change by the end of the year.
There is a big meeting later this week to be an introduction of the new notes to key Iraqi officials.
I believe they are about to release the rate!
Courtesy of Dinar Guru
Petra ...we are in the end times with regards to our investment in the Iraqi dinar...we know time is short because the IMF has made a very clear indication in articles about what's going on with the exchange rate. Through the IMF, Iraq has committed to changing their rate prior to the end of the year...That's not coming from us. That's not coming from Iraq. That's coming from the IMF themselves. One of the most influential and powerful organizations in the world...
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DJ: DID YOU KNOW?
To understand or at least get general idea of why the constant delays and shenanigans of the GCR/RV/Redemption, we all have to come to terms with the reality of who and what controls the global economies.
You may think you have a clue or have a general picture of what is going on but when you start peeling back the layers of control mechanisms you discover at the center or core of the deceit lies big corporations and the media. The corporations contrive the plan and the media sells it. This isn’t conspiracy theory, it is fact.
Here is an example of the standard model. Take the rain forest of Ecuador. An extremely impoverished country. A large corporation (Texaco) sends in experts to survey the natural resources and discover massive oil deposits. They then send in negotiators who tell their leaders how the oil will bring prosperity to the Ecuadorians and personally line their pockets.
They bring in a staff of experts, statisticians and mathematicians who are skilled at developing economic models who then write reports that prove investments in electrical power systems, highways, ports, airports and industrial parks would spur economic growth.
These reports that describe “vast seas of oil” are then used to justify huge loans from the World Bank to the country and to persuade Wall Street to invest in Texaco, the corporation, and other businesses that would benefit from an oil boom.
But these statistics are screwed in favor of the fortunes of the families that owned the industries, banks, shopping malls, supermarkets, hotels, and a variety of other businesses that prosper from infrastructure rebuild. But while they prosper everyone else suffer as the nations GTP is barely effected.
A key condition of such loans is that the projects would be built by specified engineering and construction companies. Most of the money never leaves the United States it simply gets transferred from banking offices in DC to engineering offices in New York, Houston or San Francisco.
The money flows though U.S. Aid, the World Bank, CIA, and the Pentagon while the surface view is that it comes from Texaco.
Despite the fact that the money was returned almost immediately to the corporate members of the co-op, the recipient country, the debtor, is required to pay back it all back, principal plus interest. The loans are so large the debtor is forced to default on its payments after a few years. When this happens the banks still require their pound of flesh. This could include United Nation votes, the installation of military basses or access to precious resources such as oil. Of course the debtor still owes the corporations.
The money that had been budgeted for health care, education and other social services gets diverted to pay interest on loans, in the end the principal is never paid down. The country gets shackled by dept. Then the IMF arrives and demands that the government offer its oil or other resources to the corporations at cut rate prices and that the country privatizes its electric, water, sewer, and other public institutions and sell them to the corporations.
The corporations (In this case Texaco) take control of the military by paying their salaries and buying them their equipment. They get to write their own laws, set fines on oil spills, labor rates and all the laws that matter to them.
Financial infrastructure projects are funded through mountains of debt from the World Bank under the guise it would pull the nation out of poverty then the World Bank and U.S. aid reinforce the mind-set. Big business is the big winner and another country is added to the Cabals’ global empire.
This economic takeover model is replicated across the planet. China, Russia and other economic powerhouses are all pressured by the corporations that hold their debt and function within their specific economic engine.
So this should give you an idea of why the GCR is met with push-back at every turn. This status quo is what runs the world, and has for generations, and is what will be crashed by the GCR.
At the end of the day this is how global economics work at the top of the food chain to alter or completely change it a new model must be thought and be able to step in and fill the financial voids crashing the system will cause. In theory the QFS is the answer and a global currency reset is merely a function needed to oil the QFS machine.
Until it happens of course, it’s just a theory. Everything works until it doesn’t. DJ
"UNTIL NOW, no info confirming or indicating reason for raising price of dinar against US dollar"
Premiered 10 hours ago
IRAQ NEWS: The latest Iraqi news relating to what's happening in Iraq and the Iraqi Dinar investment.
Monday Night KTFA CC with Frank26 and Team "New Denominations" 12-14-2020
.KTFA:
Monday Night KTFA CC 12-14-2020
With Frank26 and his team of Delta, MilitiaMan and Petra
Playback Number: 605-313-5153 PIN: 319183#
Walkingstick is having surgery today to remove several tumors from his kidney. This is a very serious and delicate procedure. Please keep him in your thoughts and prayers today.
12-14-20.....NEW DENOMINATIONS
This video is in Frank and team’s opinion
KTFA:
Monday Night KTFA CC 12-14-2020
With Frank26 and his team of Delta, MilitiaMan and Petra
Playback Number: 605-313-5153 PIN: 319183#
Walkingstick is having surgery today to remove several tumors from his kidney. This is a very serious and delicate procedure. Please keep him in your thoughts and prayers today.
12-14-20.....NEW DENOMINATIONS
This video is in Frank and team’s opinion
KTFA Monday Night CC and More ....12-7-2020
.KTFA:
Monday Night KTFA CC 12-7-2020
With Frank26 and team: Delta, MilitiaMan and Petra
PLAYBACK IS: 605.313.5163 PIN: 156996#
12-7-20....THEY TOLD THEM!!!
This call is in Frank’s and Team’s opinions.
“There is just not much else to do except get the new rate out!!!”
KTFA:
Monday Night KTFA CC 12-7-2020
With Frank26 and team: Delta, MilitiaMan and Petra
PLAYBACK IS: 605.313.5163 PIN: 156996#
12-7-20....THEY TOLD THEM!!!
This call is in Frank’s and Team’s opinions.
“There is just not much else to do except get the new rate out!!!”
Don961: Baghdad The International Monetary Fund is negotiating to determine the exchange rate
Monday 07 December 2020 Baghdad: Hoda Al-Azzawi
The Finance Committee in the House of Representatives expressed its hope that the 2021 budget bill will reach Parliament at the end of this week or early next week, with a deficit ranging between 40 to 50 percent of the volume of public spending, while the Al-Kazemi government intends to resolve the file in the regular session of the Council of Ministers that will be held tomorrow On Tuesday, it revealed that there are "job degrees" in the bill to be awarded to those entitled to it.
The government was late in preparing the budget due to the rapid change in global oil prices, which reached 49 dollars per barrel, in addition to negotiations with the International Monetary Fund to determine the exchange rate of the Iraqi dinar.
The Parliamentary Finance Committee also warned against “lowering the exchange rate of the dinar against the dollar, which will increase inflation rates and negatively affect low-income people who depend on salaries.”
Committee reporter Ahmed Al-Saffar told Al-Sabah: “The 2021 budget may reach Parliament at the end of the week or early next week,” attributing the reason for its delay to the rapid changes in global oil prices that reached $ 49 per barrel, which called for a review of the price The oil that is planned for the budget, as it affects revenues, the deficit, and how to spend it General ».
Al-Saffar expected that "the deficit ranges between 40 to 50 percent of the volume of spending," noting that "the other reason for the budget delay is due to negotiations between the Ministry of Finance and the International Monetary Fund to determine the exchange rate of the Iraqi dinar."
Al-Saffar revealed that "there are opinions to reduce the exchange rate of the Iraqi dinar against the dollar," indicating that "this measure will lead to inflation and negatively affect people with limited income who depend on their salaries." LINK
Briscom: Kaboom!!!
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Clare: Al-Kazemi advisor comments on Iraq's negotiations with the IMF on the exchange of the dollar
12/07/2020
Baghdad - Iraq today:
Advisor to the Prime Minister, Mustafa Al-Kazemi, commented, Monday (December 7, 2020) on Iraq's negotiations with the International Monetary Fund regarding determining the exchange rate of the dollar against the Iraqi dinar.
The appearance of Muhammad Salih said, "All matters related to negotiations between Iraq and the International Monetary Fund to determine the exchange rate of the dinar are in the discussion stage only."
He added, "The correct decision is for the cabinet when it discusses the draft budget very soon."
Today, Monday (December 7, 2020), the Finance Committee revealed negotiations between Iraq and the IMF regarding determining the exchange rate of the dollar. LINK
Samson: The Prospects Of Establishing A Sovereign Wealth Fund In Iraq
7th December, 2020
Throughout history, financial crises have been met with innovative reform plans that help develop the resilience of a country's economic system, except when it comes to Iraq.
All major oil producing countries have developed sovereign wealth funds to help mitigate the effects of potential price drops on their economies, but Iraq has yet to do so.
This has not only resulted in temporary budgetary issues for Iraq, but has also allowed serious economic challenges to become entrenched in both the political and social structures of the country.
A first glance at the current economic crisis would suggest the need for a sovereign wealth fund (SWF) to overcome the impact of oil price drops.
However, Iraq's economic challenges stem from legacy issues. Therefore, can a SWF help alleviate these historical challenges and bring about reform?
In effect, can a tool for financial diversification become a means for political and socio-economic reform?
17 page report .... Click here to read the full report by Mohammed Hussein Baraka.
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Clare: Proclamation on National Pearl Harbor Remembrance Day, 2020
Issued on: December 4, 2020
On the morning of December 7, 1941, Imperial Japanese forces ambushed the Naval Station Pearl Harbor on the Hawaiian island of Oahu. Tragically, 2,403 Americans perished during the attack, including 68 civilians. On this National Pearl Harbor Remembrance Day, we solemnly honor and uphold the memory of the patriots who lost their lives that day — “a date which will live in infamy” — and we reflect on the courage of all those who served our Nation with honor in the Second World War.
Seventy nine years ago, Imperial Japan launched an unprovoked and devastating attack on our Nation. As torpedo bombers unleashed their deadly cargo on our ships and attack aircraft rained bombs from above, brave members of the United States Navy, Marines, Army, and Army Air Forces mounted a heroic defense, manning their battle stations and returning fire through the smoke and chaos. The profound bravery in the American resistance surprised Japanese aircrews and inspired selfless sacrifice among our service members. In one instance, Machinist’s Mate First Class Robert R. Scott, among 15 Sailors awarded the Medal of Honor for acts of valor on that day, refused to leave his flooding battle station within the depths of the USS CALIFORNIA, declaring to the world: “This is my station and I will stay and give them air as long as the guns are going.”
Forever enshrined in our history, the attack on Pearl Harbor shocked all Americans and galvanized our Nation to fight and defeat the Axis powers of Japan, Germany, and Italy. As Americans, we promise never to forget our fallen compatriots who fought so valiantly during World War II. As a testament to their memory, more than a million people visit the site of the USS ARIZONA Memorial each year to pay their respects to the Sailors entombed within its wreckage and to all who perished that day. Despite facing tremendous adversity, the Pacific Fleet, whose homeport remains at Pearl Harbor to this day, is stronger than ever before, upholding the legacy of all those who gave their lives nearly 80 years ago.
On this National Pearl Harbor Remembrance Day, we recall the phrase “Remember Pearl Harbor,” which stirred the fighting spirit within the hearts of the more than 16 million Americans who courageously served in World War II. Over 400,000 gave their lives in the global conflict that began, for our Nation, on that fateful Sunday morning. Today, we memorialize all those lost on December 7, 1941, declare once again that our Nation will never forget these valiant heroes, and resolve as firmly as ever that their memory and spirit will survive for as long as our Nation endures.
The Congress, by Public Law 103-308, as amended, has designated December 7 of each year as “National Pearl Harbor Remembrance Day.”
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, do hereby proclaim December 7, 2020, as National Pearl Harbor Remembrance Day. I encourage all Americans to observe this solemn day of remembrance and to honor our military, past and present, with appropriate ceremonies and activities. I urge all Federal agencies and interested organizations, groups, and individuals to fly the flag of the United States at half-staff in honor of those American patriots who died as a result of their service at Pearl Harbor.
IN WITNESS WHEREOF, I have hereunto set my hand this fourth day of December, in the year of our Lord two thousand twenty, and of the Independence of the United States of America the two hundred and forty-fifth.
Frank, Delta and KTFA Members "The IMF Says to Update the Exchange Rate Before the Fiscal Year End" 12-6-2020
.KTFA:
DELTA: FINAL ARTICLE #456
the International Monetary Fund to update the exchange rate of the Iraqi dinar before the end of the fiscal year,"
here we have it boom
NEW EXCHANGE RATE COMING OUT BEFORE END OF THIS YEAR... DELTA
Frank26: AMEN.. AMEN.. AMEN......FRANK26
KTFA:
DELTA: FINAL ARTICLE #456
the International Monetary Fund to update the exchange rate of the Iraqi dinar before the end of the fiscal year,"
here we have it boom
NEW EXCHANGE RATE COMING OUT BEFORE END OF THIS YEAR... DELTA
Frank26: AMEN.. AMEN.. AMEN......FRANK26
DELTA: FROM SOCIAL MEDIA .....MORE CONFIRMATION ....
"It takes a month to 45 days to send the budget to the Parliament," said Ahmed Al-Saffar, the rapporteur of the parliamentary finance committee, adding in a televised statement that "the cabinet has postponed discussing the budget because of the high oil prices, in addition to the issue of the exchange rate of the dollar against the Iraqi dinar and the existence of negotiations of the Ministry of Finance with the International Monetary Fund." DELTA
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Don961: Oil "disturbs" Iraq's 2021 budget: an expected update of the "dinar exchange rate" and amending the numbers to "reduce the financial deficit!"
2020-12-06 Yes Iraq - Baghdad
The Parliamentary Finance Committee informed the Presidency of the House of Representatives, today, Sunday, that it will hold continuous meetings as soon as the General Budget Law arrives in Parliament for discussion and approval as soon as possible. It is likely that the 2021 budget will be approved at the end of this December.
"The government has postponed sending the budget to the House of Representatives so far due to the high oil prices in the global market, which requires reformulating the numbers in the budget sections to reduce the financial deficit ceiling and increase revenues," the committee's reporter, Ahmed Al-Saffar, said in televised statements.
He explained that "the cabinet will meet next Tuesday and may approve the budget then or hold a special session to discuss and approve the budget next Wednesday, which means that the budget will reach the Presidency of Parliament early next week."
He added, "The draft budget is still up to the General Secretariat of the Council of Ministers to audit it in coordination with a special committee from the Ministry of Finance and the International Monetary Fund to update the Iraqi dinar exchange rate before the end of the fiscal year," indicating that, "according to government estimates that we have informed about the price of a barrel of oil." In the general budget it will be between 42 - 43 dollars.
The official spokesman for the Council of Ministers, Minister of Culture, Hassan Nazim, announced last week that the Council of Ministers decided to postpone its session devoted to discussing the draft Federal Budget Law 2021, until yesterday, Saturday, as it has not yet been held.
Expectations of the next deficit?
And on that, today, Sunday, a Foundation for Studies, the Iraqi government’s monthly expenditures exceeded the 6 trillion dinars barrier for the month of October, surpassing the general average for the year of 5.7 trillion Iraqi dinars.
The Future Iraq Foundation for Economic Studies and Consultations said in a statement that operating expenses for salaries rose to reach 3.45 trillion dinars, surpassing the general average for salaries of 3.34, an increase of 3.45%.
The statement pointed out that the expenses of social care increased by 19% compared with the annual general rate to reach 1.5 trillion dinars, indicating that "the total expenditures of the Iraqi government have increased by 5.85% from the annual rate to reach 6.12 trillion dinars," noting that "the general rate was 5.7 trillion dinars.
The statement added that “at the level of imports, imports achieved an increase of 8% compared to the general rate of imports, and despite the decrease in oil revenues by 10% from the general average, a significant increase of 175% in non-oil revenues, as non-oil revenues amounted to 1.186 trillion dinars. It is higher than the general average of 431 billion dinars, and thus the total revenues for the month of October (last) will be 4.652 trillion dinars.
He pointed out that "despite the increase in revenues, the government recorded a real deficit of 1.5 trillion dinars, and thus the total cumulative deficit of the Iraqi state for the year 2020 has reached 15 trillion dinars."
The institution expected; That "the deficit until the end of the year exceeds more than 29 trillion dinars as a result of the need for the government to pay debts dues at the end of the year in addition to the payments of oil licensing companies, which are expected to be worth more than 13 trillion dinars," according to the statement. LINK
JJimmyJJ: Wait... what did I just read?! to audit it in coordination with a special committee from the Ministry of Finance and the International Monetary Fund to update the Iraqi dinar exchange rate before the end of the fiscal year,"
Ross: Interesting how they seem to be telling the whole world we are going to increase our rate. I always assumed it would be Top Secret until the moment of Boom here it is. Nothing normal about Iraq. Seems the cat is out of the bag. Will be nice to hear our FF's(fireflies) take on all this. IMOO makes the middle of the month around the 15th more exciting.
MilitiaMan: I know right... EXPECTED... They just told the world openly that they are to update the exchange rate.. The shot that was heard around the World!! or WHAT!! lol ~ MM
I wonder if the brokers around the world heard it yet? lol ~ MM
Don961: Two reasons blocking the approval of the 2021 budget, a talk about changing the exchange rate, and concerns about the salaries '' deadlock ''
1,739 Policy 12/05/2020 21:55
Baghdad today - Baghdad
Parliament's financial reporter, Representative Ahmed Al-Saffar, revealed new details regarding a `` new crisis '' that the Iraqi economy is going through, and that concerns the political and technical consensus regarding the budget for next year.
Al-Saffar said, in a televised interview, followed by (Baghdad Today), that "one of the reasons for postponing approval of the budget for 2021 is the changes witnessed by oil prices during these days, and this justifies the delay in approving the draft budget."
He continued, "We believe that a budget of 70 trillion dinars will be sufficient for Iraq," noting that "budgets that exceeded 100 trillion have not been spent until now."
Away from what the parliament is witnessing regarding the upcoming budget, Al-Saffar explained that "there are negotiations between the Ministry of Finance and the International Monetary Fund regarding changing the exchange rate of the dollar," and this matter.
Regarding the Baghdad-Erbil agreement, he said, "Regarding the recent agreement between Baghdad and Erbil, a delegation from the region will visit Baghdad to discuss the budget handling mechanism," adding, "We believe that 250,000 barrels per day will be delivered to Baghdad, as well as 50 imports from the ports."
He stressed the Kurdistan Regional Government's readiness to "hand over all its imports in exchange for Baghdad to spend money for oil-producing companies."
On the other hand, a member of Al-Iqtisadiah, Mahmoud Al-Zajrawi, expressed his fear of a third borrowing scenario by the government.
Al-Zagrawi told (Baghdad Today), "The postponement of the cabinet session on the file to decide the fate of the 2021 budget may come due to a thorough reading of the financial situation, scrutinizing its items and looking into developing possible solutions."
Al-Zagrawi added, "If the postponement is repeated again, this will be the beginning of doubts that it is a government attempt to impose borrowing in the 2021 budget law," and continued, "This is an option that we will reject and will push us to demand its dismissal because the implications of borrowing are very bad for the Iraqi economy."
He expressed his hope that "the government will complete the budget file and expedite sending it to the House of Representatives for study and approval before the deadline for paying salaries next January to avoid major problems."
Al-Zajraoui indicated that "if the government really has determination on the third borrowing file, we will consider the impact in settling the budget as a pressure card on the street through the gate of delaying the payment of salaries in order to approve it," noting that "what we are presenting now is just doubts, hoping that the budget will be taken Its course is in the discount without the borrowing file. "
An informed political source revealed the reason for the postponement of the cabinet session to be held today, Saturday, to discuss the draft general budget law for the fiscal year 2021.
The source stated in an interview with (Baghdad Today), that “the cabinet session was postponed until next Tuesday, due to lack of agreement on a price My guess is for a barrel of oil in the bill. "
He added, "Among other reasons, the deficit rate was not specified in the draft budget, and there was no agreement on the value of the loans in it."
On Monday (November 30, 2020), Prime Minister Mustafa Al-Kazemi directed to send the 2021 budget to the General Secretariat of the Council of Ministers immediately for the purpose of checking it.
The spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, said in a press statement, "Al-Kazemi directed the Ministries of Finance and Planning to send the 2021 budget immediately to the Cabinet Secretariat."
He added, "The prime minister directed the ministries of finance and planning to send the budget for the purpose of scrutiny by the legal department in order to allocate an extraordinary session for discussion and refer it to the House of Representatives for approval as soon as possible."
Majeed pointed out that "the government and parliament are unanimous in the need to expedite the approval of the 2021 budget.
Cabinet spokesman Hassan Nazim announced that a special session would be held for the purpose of discussing the draft federal budget law for the next year. link
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Don961: l-Kazemi's advisor identifies 4 factors to get out of the financial crisis
294 Economie 12/06/2020 18:27 Baghdad Today - Follow-up
The Prime Minister’s Adviser for Financial Affairs, Mazhar Muhammad Saleh, confirmed today, Sunday, that financial planning will not determine the future of the coming months.
The official news agency quoted Saleh as saying that "financial planning is what determines the future of the coming months, starting from the first of January," indicating that "everyone is waiting for financial planning to know how to determine expenditures and revenues and address the deficit, if any." He added, "Exiting the financial crisis depends on management, compression of expenditures, maximizing resources and setting priorities in the correct manner, so that there are things that are subject to pressure and installments."
Regarding the possibility of Iraq borrowing again to fill the deficit, Saleh stated that "borrowing depends on the budget law and is determined by law in the House of Representatives," pointing out that "there are limits to the borrowing process," noting that "the danger lies in relying on one resource, oil, and setting its prices in the outside".
The Parliament's financial reporter, MP Ahmed Al-Saffar, revealed new details of a "new crisis" in the Iraqi economy, which concerns the political and technical consensus regarding the budget for next year.
Al-Saffar said, in a televised interview, followed by (Baghdad Today), that "one of the reasons for postponing approval of the budget for 2021 is the changes witnessed by oil prices during these days, and this justifies the delay in approving the draft budget."
He continued, "We believe that a budget of 70 trillion dinars will be sufficient for Iraq," noting that "budgets that exceeded 100 trillion have not been spent until now."
Away from what the parliament is witnessing regarding the upcoming budget, Al-Saffar explained that "there are negotiations between the Ministry of Finance and the International Monetary Fund regarding changing the exchange rate of the dollar," and this matter. On Monday (November 30, 2020), Prime Minister Mustafa Al-Kazemi directed to send the 2021 budget to the General Secretariat of the Council of Ministers immediately for the purpose of checking it.
The spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, said in a press statement, "Al-Kazemi directed the Ministries of Finance and Planning to send the 2021 budget immediately to the Cabinet Secretariat."
He added, "The prime minister directed the ministries of finance and planning to send the budget for the purpose of scrutiny by the legal department in order to allocate an extraordinary session for discussion and refer it to the House of Representatives for approval as soon as possible."
Majeed pointed out that "the government and parliament are unanimous in the need to expedite the approval of the 2021 budget. LINK
Don961: A "preliminary agreement" between Baghdad and Erbil ... oil for salaries
Sunday 06 December 2020 Baghdad: Hoda Al-Azzawi
The central government reached with the Kurdistan Regional Government a "preliminary agreement", which includes sending the salaries of Kurdistan employees, in exchange for handing over 250 thousand barrels to the federal government with 50 percent of the border crossing revenues.
This agreement is somewhat similar to the previous agreement in the government of Adel Abdul Mahdi, with the addition of some paragraphs, as it will be included in the 2021 budget, which may accelerate its approval in Parliament.
The differences between Baghdad and Erbil escalated against the backdrop of the parliament’s approval of the “Financing the Financial Deficit” law, which enabled the Iraqi government to borrow internally to pay the salaries of employees.
The law stipulated that the Kurdistan Regional Government of Iraq pay its financial dues to the federal government, before proceeding with the payment of employees' salaries.
The reporter of the Parliamentary Finance Committee, Ahmed Al-Saffar, said in a statement to Al-Sabah: "The federal government reached with the regional government the same old agreement, which was supposed to be included in the 2020 budget that was not approved." He added, "The agreement included delivering 250 thousand barrels per day to Baghdad, in addition to 50 percent of the ports' revenues, in return for the Kurdistan region's share of the federal budget, which amounts to 12.67 percent, at the forefront of which is salary insurance." He pointed out that "this initial agreement will be included in the 2021 draft budget."
For his part, a statement by the Presidency of the Kurdistan government said, "The regional government president, Masrour Barzani, met with the regional government delegation that negotiated with the federal government, and the meeting discussed the latest developments regarding the course of talks with the federal government regarding salaries and financial rights for the region." LINK
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Samson: Economic Outlook: A deficit in the Iraqi budget of more than 29 trillion dinars by the end of 2020
6th December, 2020
On Sunday, an institution for studies monitored that the monthly expenditures of the Iraqi government exceeded the 6 trillion dinars barrier for the month of October, exceeding the general average for the year of 5.7 trillion Iraqi dinars.
The Future Iraq Foundation for Economic Studies and Consultations stated, in a statement received by Shafaq News; Operating expenses related to salaries rose to reach 3.45 trillion dinars, surpassing the general salary average of 3.34, an increase of 3.45%.
The statement pointed out that the expenditures for social care increased by 19% compared to the annual general rate, to reach 1.5 trillion dinars. And he indicated that "the total expenditures of the Iraqi government have increased by 5.85% from the annual rate to reach 6.12 trillion dinars," noting that "the general rate was 5.7 trillion dinars."
The statement added that "at the level of imports, imports achieved an increase of 8% compared to the general rate of imports, and despite the decrease in oil revenues by 10% from the general average, a significant increase of 175% in non-oil revenues, as non-oil revenues reached a value of 1.186 trillion dinars. It is higher than the general average of 431 billion dinars, so that the total revenue for the month of October (last) is 4.652 trillion dinars."
He pointed out that "despite the increase in revenues, the government recorded a real deficit of 1.5 trillion dinars, and thus the total cumulative deficit of the Iraqi state for the year 2020 has reached 15 trillion dinars."
The institution expected; That "the deficit until the end of the year exceeds more than 29 trillion dinars as a result of the need for the government to pay debts dues at the end of the year in addition to paying the amounts of oil licensing companies, which are expected to be worth more than 13 trillion dinars," according to the statement. LINK
Frank, Delta and KTFA Members Tuesday 12-1-2020
.KTFA:
Tidbits from Frank26 Monday Night CC: 11-30-2020
CC 11-30-20 https://fccdl.in/X8LZYAHTer
Frank26: 1. The floor managers of the Iraqi banks have been provided the information on the rate change (tellers should be next and it shouldn't be very long).
2. Iraq is doing currency swaps (part of the deal Kazemi made with Trump to raise the rate)
3. Iraqi satellite banks have been notified of the coming rate change.
4. ATMs loaded with new small category notes will be turned on soon.
KTFA:
Tidbits from Frank26 Monday Night CC: 11-30-2020
CC 11-30-20 https://fccdl.in/X8LZYAHTer
Frank26: 1. The floor managers of the Iraqi banks have been provided the information on the rate change (tellers should be next and it shouldn't be very long).
2. Iraq is doing currency swaps (part of the deal Kazemi made with Trump to raise the rate)
3. Iraqi satellite banks have been notified of the coming rate change.
4. ATMs loaded with new small category notes will be turned on soon.
DELTA: FROM SOCIAL MEDIA....
"The deletion of three zeros or the gradual deletion of zeros makes the value of the Iraqi dinar appear to be higher value and the monetary balance will be formed rapidly in the market economy," said economist Raad Twigg, adding that "the monetary bloc could become approximately 15 to 25 trillion dinars, and the value of the new Iraqi dinar is close to the value of the dollar, which facilitates the calculation process and allows small and new monetary groups to appear in the monetary market."
MilitiaMan: The whole time we have been watching, they have too. Social media knows the leakage.. They should know by now!! Imo
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Don961: An economist calls for deleting the three zeros from the dinar to strengthen the local currency
Baghdad Post
Monday, November 30, 2020 01:19 PM
Economic expert Raad Twig called , the central bank to delete the three zeros from the dinar to strengthen the local currency.
Twig said: It is known that the monetary mass in circulation is about 60 trillion dinars, which is not available at the Central Bank of Iraq, the banks and the public, and it is a large monetary block compared to the economic transactions of the Iraqi economy and that a large proportion of this block suffers from compactness and therefore this does not help the Central Bank of Iraq in drawing a policy Effective cash calling on the central bank to delete three zeros or gradual deletion of zeros to make the value of the dinar appear at a higher value and that the processes of evaluation and monetary balance will be formed quickly in the market economy.
" He added: The monetary mass can become approximately 15 to 25 trillion dinars and the value of the new dinar converges to the value of the dollar, which facilitates the process of calculation and allows small and new denominations of cash to appear in the money market. LINK
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Samson: In November, tax revenues provide 620 billion dinars for Iraq's treasury
1st December 2020
The Iraqi Ministry of Finance announced on Monday the achievement of financial revenues of about 620 billion dinars from taxes in the month of November, an increase of 400 billion compared to the revenues of the same month in 2019.
The ministry said in a statement received by Shafaq News, that "the General Tax Authority affiliated with the Ministry of Finance financial revenues amounted to about 620 billion dinars for the month of November 2020."
She added, "The General Tax Authority has worked to provide all the necessary support and facilities for the purpose of obtaining the amounts from the taxpayers, which contributed to the steps and procedures followed from the high rates of revenues achieved by the treasury by the authority."
The treasury indicated that "the authority has achieved amounts that exceeded 230 billion dinars within the payments system, which will be included in the revenues of next December."
It said that "tax revenues achieved an increase of 400 billion dinars compared to the month of November 2019, which recorded revenues of 206 billion." LINK
Samson: Iraq's financial revenues exceed $ 3 billion from the sale of oil within a month
1st December, 2020
The Ministry of Oil announced, on Tuesday, the total exports and revenues achieved for the month of last November.
According to preliminary statistics issued by the national oil marketing company "SOMO", which amounted to more than 81 million barrels and revenues of more than 3 billion dollars.
The ministry said in a statement received by Shafaq News that "the amount of exports, according to the preliminary statistics, of crude oil from the SOMO Oil Marketing Company amounted to (81) million (262) thousand and (376) barrels, with revenues of (3) billion and (394) million And (988) thousand dollars."
And she added that "the total quantities of exported crude oil for the month of last November from the oil fields in central and southern Iraq amounted to approximately 78 million and 190 thousand and 444 barrels. As for the Kirkuk fields through the port of Ceyhan, the exported quantities reached two million and (819) thousand and (169) barrels, and the quantities exported to Jordan amounted to (252) thousand and (763) barrels.
It indicated that "the total daily rate of exports amounted to two million and (709) thousand barrels," indicating that the average price per barrel reached (41,778) dollars.
It is noteworthy that the Ministry of Oil exports crude oil from the southern fields through the ports of Basra, while the oil is exported from the northern fields through the Turkish port of Ceyhan. LINK
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Samson: Warning Against "Floating Currency" To Raise The Price Of The Dollar Against The Iraqi Dinar
1st December 2020
The economist Rasim al-Akidi said that the floating of the dollar, or what is known as the liberalization of the exchange rate, takes place through two methods, the first is pure or free, and the second is the controlled or controlled method, and in both cases the price of the dollar will rise against the Iraqi dinar and will lead to the withdrawal of a large amount of the monetary mass in Markets.
Al-Aqidi added, that the withdrawal of a large cash block corresponds to 4 drawbacks at the same time that will arise and the affected will be large segments, including the increase in prices in the markets in addition to the factories’ reluctance to produce because the value of profits will decrease in front of costs in addition to the absorption of per capita income and the increase in rental prices, so the interest will be limited by analogy. Other damages.
According to Al-Aqidi, Iraq needs an economic rescue plan that starts from maximizing non-oil revenues, which are many, and keeping the influential parties away from them because a large part of the financial resources does not go to the state treasury, and this is part of the causes of the current financial crisis in the country.
Economists’ opinions differed on the “floating of the dinar” in front of the dollar exchange to face the deficit crisis in the financial budget. One party believes that the procedure will serve the Iraqi economy in the medium term by activating the industrial and agricultural sectors, but another party believes that it will eliminate the poor and middle classes.
The Central Bank of Iraq rejected the idea of "floating the dinar" during the next stage to increase government revenues and be able to pay employees' salaries in the coming days, citing its fear of increasing prices and harming the vulnerable classes.
The estimated budget for 2020 suffers from a large deficit of 50 trillion dinars. Observers expected the deficit to rise with the oil market losing about 50% of its prices. LINK
Samson: Parliamentary calls for achieving sovereignty, removing American forces, and ensuring the dignity of the Iraqi citizen
08:32 - 01/12/2020
Called for deputies from various political blocs, to ensure the achievement of the sovereignty of Iraq and the removal of US forces and preserving the dignity of the Iraqi citizen at home and abroad.
The deputy of the Badr Parliamentary Bloc, Karim Al-Muhammadawi, told "the information", that "the weakness of the government is behind the underestimation of Iraq's sovereignty and preventing its citizens from entering the UAE," stressing the need for a government decision to be taken regarding the Emirati behavior and transgressing international norms.
For his part, MP for the Alliance of the Walkers Sabah Al-Saadi stressed in a statement to "the information", the need to achieve sovereignty by not colluding with the American presence, and to activate parliamentary questions in this regard.
To that, a member of the Parliamentary Foreign Relations Committee, Amer Al-Fayez, confirmed to "the information", that “Iraq no longer needs American forces. Especially in the field of combating terrorism, as this matter should be resolved, especially as there is ambiguity in the actual numbers of US forces present in Iraq. LINK
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Samson: Parliamentary energy in the process of completing the law of the national oil company
1st December, 2020
Today, Tuesday, the Parliamentary Oil and Energy Committee confirmed that it is about to complete the National Oil Company Law, indicating that the law will pave the way for the initiation of the oil and gas law.
A member of the committee, Sadiq Al-Sulaiti, told the Iraqi News Agency (INA): "The committee is about to complete the amendment of the National Oil Company Law, and this law took part of the oil and gas law." He added that "after the completion of the national oil law, it is possible to initiate the oil and gas law."
It is noteworthy that the House of Representatives has completed the first reading of the first amendment bill to the Iraqi National Oil Company Law No. 4 of 2018. L
KTFA Monday Night CC and Iraq News 11-30-2020
KTFA:
KTFA MONDAY NIGHT CONFERENCE CALL..
PLAYBACK IS: 605.313.5163 PIN: 156996#
Frank26: 11-30-20....Everyone Knows
This video is in Frank26 and hisTeam’s opinions….
Special Guest report from “Blustar” and reports from the team MilitiaMan, Delta and Petra.
Blustar was on NewsMax today…Check out NewsMax on 11-30-2020 at HOWIE CARR 11-30-20 AROUND 4:26
KTFA:
KTFA MONDAY NIGHT CONFERENCE CALL..
PLAYBACK IS: 605.313.5163 PIN: 156996#
Frank26: 11-30-20....Everyone Knows
This video is in Frank26 and hisTeam’s opinions….
Special Guest report from “Blustar” and reports from the team MilitiaMan, Delta and Petra.
Blustar was on NewsMax today…Check out NewsMax on 11-30-2020 at HOWIE CARR 11-30-20 AROUND 4:26
Samson: Representative Finance: The proposal for a "white paper" to replace the currency requires a lot of money
30th November, 2020
The Parliamentary Finance Committee confirmed, on Monday, that the "white paper" submitted by the Prime Minister, Mustafa Al-Kazemi, includes a proposal to replace the currency, noting that this proposal requires a lot of funds to implement it.
It is noteworthy that the Iraqi Prime Minister, Mustafa Al-Kazemi, confirmed, last June, that the government had prepared a "white paper" for the upcoming reforms. According to the document, the proposed period for implementation is 3 years from 2021 to 2023.
Committee reporter Ahmed Al-Saffar told Shafaq News: "The reform paper to address the financial crisis presented by the House of Representatives includes one of its points reviewing the exchange rate while studying the possibility of proceeding with steps to delete zeros, with the amendment of the mechanism for selling the currency and preserving the hard currency and the exchange rate of the dollar against the Iraqi dinar."
He added that "the application of this proposal requires better economic possibility and conditions than the current situation with the availability of financial liquidity for the application," noting that "currency exchange requires a lot of money to print currency abroad." LINK
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Samson: Al-Kazemi directs to send the 2021 budget immediately to the Cabinet Secretariat
30th November, 2020
The General Secretariat of the Council of Ministers announced, on Monday, that Prime Minister Mustafa Al-Kazemi had directed that the budget be sent immediately to the General Secretariat for the purpose of checking it
"The Prime Minister directed the Ministries of Finance and Planning to send the budget immediately to the General Secretariat of the Council of Ministers for the purpose of checking it by the legal department in order for an extraordinary session to be allocated for discussion and referred to Parliament for approval as soon as possible
Majeed added, "The government and parliament are unanimous on the need to expedite the approval of the 2021 budget LINK
Samson: Al-Kazemi issues a directive regarding the budget and parliament that monitors change in salary spending
On Monday, Prime Minister Mustafa Al-Kazemi directed to send the Budget Law for 2021 to the General Secretariat of the Council of Ministers for scrutiny.
The spokesman for the General Secretariat of the Council of Ministers, Haider Majeed, said in a statement received by Shafaq News, that the directive was issued by Prime Minister Mustafa Al-Kazimi, directing the ministries of Finance and Planning to send the budget law for 2021 to the General Secretariat of the Council of Ministers for the purpose of checking it. He added that after that, an extraordinary session will be allocated for discussion and referred to the House of Representatives for approval as soon as possible.
For its part, the Parliamentary Finance Committee revealed that government spending on employee salaries in the fiscal budget for 2021 will be different from the current year’s budget, and confirmed that it is awaiting approval of the budget law in the Council of Ministers and its referral to the House of Representatives.
Committee member Jamal Cougar told Shafaq News, "The volume of government spending for salaries in the general budget for next year is 51 trillion dinars, but it will be different in the general budget for the current year 2020. And he stated that "in 2020, appointments were made in the number of state institutions, in addition to revealing the presence of aliens, double-wages and exceeding the salaries of retirees and social care, all of this will change the size of the general budget for the next year."
Cougar pointed out that "Parliament is awaiting the approval of the draft general budget bill for 2021 in the Council of Ministers, after which this law will be sent to Parliament," indicating that "if the law reaches Parliament, it will be discussed and the total amount and financial deficit in the budget will be known."
And the Iraqi parliament had approved on 11/12/2020 the internal and external borrowing law worth 12 trillion dinars (10 billion dollars), in an effort to end the crisis of delayed payment of state employees' salaries that has been going on for nearly two months as a result of the failure to approve the budget law, and the financial crisis that interacted after the retreat. Oil prices affected by the Corona pandemic. LINK
DeepWoodz: Imo....oh boy!!!!!!
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Samson: Trump advisor heads to Saudi Arabia and Qatar
11/30/2020 08:56:17
Reuters reported that Jared Kushner, son-in-law and advisor to US President Donald Trump, will head a delegation to Saudi Arabia and Qatar for talks.
The agency quoted a senior US administration official as saying that "Kushner will meet within the next few days, the Saudi Crown Prince Mohammed bin Salman in the Saudi city of Neom, and the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, in Doha."
"Kushner will be accompanied by US envoy to the Middle East Avi Berkowitz, Brian Hook, and head of the American International Development Finance Corporation, Adam Buehler, on the visit," the official. LINK
Elmer, Frank, X22 Reports, Pimpy and more Wednesday Night 11-25-2020
.TNT:
Elmerf123456: Stay Focused
Yes I know, I have not posted in a long time but let me just say that has been by design. Some of us have been in this speculative investment for over 10 years.
It is always been my thought that this would not happen until the government in Iraq stabilizes, and also unification as well as the cleaning up of corruption.
We are now witnessing tidbits from the BIS and other important articles. If you go back to several of those and research where they talk about reforms needed in Iraq, that is certainly true, However in those articles very little was mentioned specifically about the Dinar as it relates to those reforms.
If you have been paying attention we are seeing those things being mentioned now in several articles. IMO, I would consider that very significant.
Just stay calm, breathe and relax. So if you waited for many years like some of us, be patient but don’t live every single day of your life just for this to happen.
It will happen when it’s ready to happen and more significantly it’s gonna happen because Iraq needs it happen on the world stage.
Elmer-Happy Thanksgiving everyone!
TNT:
Elmerf123456: Stay Focused
Yes I know, I have not posted in a long time but let me just say that has been by design. Some of us have been in this speculative investment for over 10 years.
It is always been my thought that this would not happen until the government in Iraq stabilizes, and also unification as well as the cleaning up of corruption.
We are now witnessing tidbits from the BIS and other important articles. If you go back to several of those and research where they talk about reforms needed in Iraq, that is certainly true, However in those articles very little was mentioned specifically about the Dinar as it relates to those reforms.
If you have been paying attention we are seeing those things being mentioned now in several articles. IMO, I would consider that very significant.
Just stay calm, breathe and relax. So if you waited for many years like some of us, be patient but don’t live every single day of your life just for this to happen.
It will happen when it’s ready to happen and more significantly it’s gonna happen because Iraq needs it happen on the world stage.
Elmer-Happy Thanksgiving everyone!
Courtesy of Dinar Guru
Frank26 ...a couple weeks ago the upper echelon management of the banks in Iraq were invited to the CBI. It is my opinion the CBI talked to them about a date and rate. And also when they will be showing the citizens the new small category notes and rate...the last week or two weeks of this month it will go from the senior management level to the floor managers and then to the tellers...
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Wednesday Night X22 Reports
[JB] Revealed The Payback For The Lockdowns, It Already Failed Ep 2338a
Trump’s economy continues to improve, he sent a message to the [CB]/[DS] yesterday and today we see the V recoveries taking shape. Durable goods orders jump, real estate up, unemployment down and wages of government workers decline and private workers increase. [JB] releases the information that a lot money is going to be needed to send to the states.
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Keystone Is The Start, Gettysburg Was the Turning Point Of The War, Watch PA – Ep. 2338b
The [DS]/MSM are now trapped. The patriots are making their move, it all begins in PA, the keystone. [E] fraud is now being produced and public hearing are now happening. The keystone is the center stone that holds it all together. We need to go back to the beginning to understand the end, this was never just about a 4 year election, it was returning the country back to the people.
The Atlantis Report:
Dow Jones over 30K, During The Worst Economic Meltdown !!
Premiered 7 hours ago
The Dow above 30k for The first time in History as Millions of Americans go hungry. In the midst of the worst economic downturn since the Great Depression of the 1930s, the stock market has been soaring to heights that we have never seen before.
The Dow is at 30,000, while 51 million Americans are unemployed. You are all in for the shock of your life. The Fed printed $9 trillion and counting in one year. Combined with unprecedented unemployment and virtually no growth prospects.
The US is dead in the water, and the masses just haven't realized it yet. The stock market at all-time highs, and more than 70 million Americans have filed new claims for unemployment this year. 30,000 DOW - Tell me again slowly, why the Foreign-Owned Fed needs continue to print $80B+ every month to intentionally continue destroying our buying power for this fugging fraud of a market.
The dollar is being systematically destroyed. Inflation will crush the working families. The same influx of new money pumping stocks now will be the cause.
The stock market goes up because the value of the dollars it is priced in goes down. These dollars buy less, and you will be taxed on that as a gain in addition to being taxed on it already via inflation big time.
Yep, the best performing stock market was Venezuela last year.
For the full transcript go to https://financearmageddon.blogspot.com
Tuesday Night KTFA CC with Frank and Delta and some news 11-24-2020
.KTFA:
KTFA CC with Frank and Delta 11-24-2020
Frank26: 11-24-20.....TALKING WITH DELTA
This is all in Frank and Delta’s opinion.
Changing the rates with change Iraq and change the world.
Pay attention to the Erbil and Iraqi stock exchange.
Just be patient….when you see the shoreline- you don’t jump out of the boat to swim to shore…..you wait until the boat is docked.
KTFA:
KTFA CC with Frank and Delta 11-24-2020
Frank26: 11-24-20.....TALKING WITH DELTA
This is all in Frank and Delta’s opinion.
Changing the rates with change Iraq and change the world.
Pay attention to the Erbil and Iraqi stock exchange.
Just be patient….when you see the shoreline- you don’t jump out of the boat to swim to shore…..you wait until the boat is docked.
https://www.youtube.com/watch?v=o6g0xBUJxCs&feature=youtu.be
DELTA: THIS WAS SEND TO ME....THANK YOU FOR THE SENDER
AL-ARRAJI DEMANDS CBI TO ADOPT A REAL RATE FOR IRAQI DINAR
24-11-2020
Al-Mustaqilla .. MP Muhammad Sahib Al-Darraji called on the Central Bank to adopt the real price of the Iraqi dinar, away from the prices offered in the currency auction.
Al-Darraji said in a tweet on his Twitter page, Tuesday, "The central bank must adopt a real price for the dinar, away from breaches of the window of selling the notorious currency."
He also called for "disclosing bills and documentary credits provided by banks in exchange for transferring hard currency abroad and checking its credibility."
Al-Darraji stressed that the bank’s failure to do so is that it “is considered an accomplice in the crime and we will have to resort to legal methods to remedy this defect.”
The window of selling the currency in the central bank faces many criticisms, while leaks stated that a number of banks acquire the amounts that are being traded in the currency auction for the purpose of increasing their profits. Link
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Samson: Iraq is waiting for two billion dollars in advance payments from countries wanting its oil
In a first step to implement his plan, Iraq demanded $ 2 billion in advance of the value of its oil exports as part of long-term oil sales contracts
The agency "Bloomberg", that Iraq suffers from a severe financial crisis as a result of the decline in global oil prices and its forced to reduce production in the framework of the agreement of the countries of OPEC Plus grouping to support these prices
According to a letter sent by the Iraqi government to oil companies and seen by "Bloomberg," the government seeks to obtain advance payments from the value of oil sales in exchange for 5-year supply contracts at a rate of 4 million barrels per month, equivalent to 130,000 barrels per day. The buyer will pay for the supplies a full year in advance, which at current prices equates to just over $ 2 billion
The letter, described as confidential, says that the Iraqi Oil Marketing Company, on behalf of the Ministry of Oil, is interested in proposing long-term crude supply contracts in exchange for advance payments. Companies interested in the offer can send their response by November 27
According to the agency, many oil-producing countries depend on advance payments to meet their financial needs, but it is the first time that Iraq has resorted to this method LINK
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Samson: The Central Bank holds a meeting with the Bank for International Settlements (BIS)
24th November, 2020 Appearing on CBI today
The Central Bank of Iraq held a remote meeting with the Bank for International Settlements (BIS) to discuss prospects for joint cooperation and investment mechanisms between the two parties.
The two parties agreed on the contribution of the Bank for International Settlements to enhance the capabilities of the Central Bank of Iraq and increase investment opportunities in foreign reserves.
The Bank for International Settlements is an international institution that provides services to central banks that seek to enhance global monetary and financial stability,
And that through its activities in achieving a balance of the priorities of strategic importance for central banks in managing reserves,
And ensuring a good understanding of liquidity management and diversification in order to obtain good returns to meet their needs,
As well as providing credit brokerage services, gold, foreign exchange and asset management, including an integrated management function
For financial and operational risks and properly control them.
The Central Bank of Iraq information Office
November 21, 2020 link
Samson: Cabinet: Next week’s session will discuss the 2021 budget
24th November, 2020
The Minister of Culture, Hassan Nazim, announced the decisions of the Council of Ministers in a press conference, which included a number of economic decisions
Nazem said, in the conference attended by "Al-Eqtisad News", that the Council of Ministers voted to implement the road linking the port of Al-Faw and Umm Qasr
He added that the government has continuous meetings in order to address the errors in the second borrowing law, explaining that the Council of Ministers has recommended the need to enter Iraq with financial obligations with other companies producing the Corona vaccine to ensure coverage of groups other than the 20%
He stressed that the Council of Ministers voted not to appoint anyone who is proven to have committed bribery and embezzlement at the level of Director General and higher. He noted that the next cabinet session will discuss the draft budget for next year LINK
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Samson: Al-Kazemi government discloses the date for approving the 2021 budget
The government of Iraqi Prime Minister Mustafa Al-Kazemi announced today, Tuesday, the date for approving the country's general budget for the next year 2021.
The spokesman for the Council of Ministers, Minister of Culture, Hassan Nazim, said in a press conference held today, after the end of the cabinet session, and was attended by Shafaq News Agency, that "in the absence of a general budget for the country, it is not possible to declare sending funds to the Kurdistan Region."
He responded to a question regarding previous statements by Ahmed Mulla Talal, the prime minister's spokesman.
The Minister of Culture stated that "the Cabinet has allocated the next session to approve the General Budget Law for 2021."
A source in the Ministry of Finance told Shafaq News Agency earlier that the ministry will complete the preparation of the draft general budget bill for 2021 and present it to the cabinet next week. He added that "the Council of Ministers will discuss and approve the draft budget during its regular session (Tuesday) or in a special session, after which it sends it to the House of Representatives for a vote on it." The source revealed that "the price of a barrel of oil specified in the draft budget ranges between 35-40 dollars."
Iraq relies on oil sales revenues to finance 95 percent of state expenditures. The country is experiencing a stifling financial crisis this year due to the decline in crude prices on global markets due to the Corona pandemic. Iraq did not approve a financial budget for the current year due to the circumstances that accompanied the unprecedented popular protests that toppled the government of Adel Abdul Mahdi late last year. LINK
Bravo13: "the cabinet has allocated the next session to approve the general budget law for 2021". Frank said the rate is in the 2021 budget, this could be it, next tuesday, looking better and better, IMO
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Samson: Kurdistan opens the doors for investors and reveals its future plans
23rd November, 2020
The Prime Minister of Kurdistan Regional Government, Masrour Barzani announced, on Monday, that the region’s doors will be opened to American and other investment companies and that they will overcome obstacles to enter the region’s market, stressing his government's endeavor to improve services and various sectors, especially electricity service, to provide the population with energy throughout the day.
Barzani said at the opening of a Kurdistan-American conference to encourage investment in the region for the post-Corona virus period, sponsored by the American Chamber of Commerce and Industry through "video conference" technology, and Shafaq News Agency followed it up, that "the regional government has provided great facilities for investing companies to enter the region, and we encourage companies. American investment in the region. " He added that "the increase in investment projects provides job opportunities," noting that "the Kurdistan region is the most secure region of Iraq and the region, and a suitable environment for attracting American and foreign companies."
Barzani added, "The investment of American companies in the region is in the interest of the Kurdish people, and we seek to further strengthen relations between Erbil and Washington." "My government is also working to reduce red tape to ensure investors can complete necessary procedures faster and easier - from company registration to visa and permit regulations -" he said.
Barzani added, "We are working hard to diversify our economy, by privatizing parts of the agricultural and electricity sectors. It is possible that the Kurdistan Region will become Iraq's food basket." He added that "the Kurdistan Region wants to achieve self-sufficiency mainly, and hopes to export its local products to the countries of the region and all over the world," noting the endeavor to provide electricity service in the region throughout the day.
The conference activities will last for two days with the participation of high-ranking officials from America and the Kurdistan Region and American companies investing in the region.
The head of the Investment Commission in the Kurdistan Region, Muhammad Shukri, said yesterday, Sunday, to Shafaq News, that the Commission will present its vision for investment and investment areas for the period after the Corona virus, indicating that the conference will address the amendments that are to be made to the investment law and investment opportunities in the region. He stressed that the Kurdistan Investment Authority, "will provide a clear vision of the investment climate in the region for American companies that want to invest in Kurdistan." LINK