Frank26 Tuesday Night Update "The Game Plan" 2-9-2021

Frank26 Special Tuesday Night Update and Exchange Apt. Q&A

2-9-21.......THE GAME PLAN

With a special FireFly (Eddie) report

This video is in Frank’s opinion

Frank26: Inside of Iraq the value will be 1 to 1 and will stay 1 to 1.….It has to . A Dinar is a Dinar.  But outside of Iraq, with the international value added to it….oh my goodness, when Saadam was in control – if you had one Saadam Suisse note- it was worth about $3.22 USD internationally.  I believe it will go up even higher.

REMEMBER- DO YOU HOMEWORK...........GET A FINANCIAL ADVISOR

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

https://www.youtube.com/watch?v=VQvQ6lQFnRI

Monday Night KTFA CC "Green Light" and more 2-8-2021

KTFA:

Monday Night KTFA CC

Frank26:  2-8-21.....GREEN LIGHT

With Walkingstick, Delta, Petra and Militiaman

PLAYBACK IS: 605.313.5163 PIN: 156996#

This video is in Frank’s and team’s opinions

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

https://www.youtube.com/watch?v=QNH_uZJZ6p8

Samson:  Kurdish MP: All channels of understanding have been closed with Baghdad, and the budget may be passed by the majority

14:09 - 08/02/2021
Deputy for the Kurdistan Islamic Group, Salim Hamza, on Monday, described the negotiations with Baghdad that the budget is complex and unresolvable, indicating that the budget may be passed by the parliamentary majority.

Hamza said in a statement to "the information" that "the budget will pass by the political majority if things remain on it and because of the insistence of the forces in Baghdad to hand over all the exported oil."

Hamza added that "the negotiations with Baghdad on determining the proportion of the region and passing the budget reached a dead end because it is complicated and everyone is committed to his position."

He continued, "A legal exit will be added in the articles on the Kurdistan region, such as an addition. The parliament has the right to make the amendment or the government to articles 10 and 11 of the budget paragraphs that include Kurdistan."    LINK

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Don961:  Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget

2021-02-08 Yes Iraq: Baghdad

Today, Monday, the Parliamentary Finance Committee revealed a tendency to cancel the currency auction, while indicating that the Central Bank's reserves will not be affected in the general budget for 2021.

 The committee's reporter, Ahmed Al-Saffar, said in statements to the official agency and its affiliate, Yass Iraq, that “when the draft budget is approved in the House of Representatives voting session, it becomes a binding law for the government and enforceable,” indicating that “the Ministry of Finance then issues instructions within a week or two to send to ministries to facilitate The budget execution process ”.

He added that "the budget deficit was reduced from 71 trillion to 24 trillion only, as the lending scheme deducted the treasury transfers to the central bank 47 trillion, but we reduced it to only two trillion, if the price of a barrel of oil remained at 45 dollars," noting that "the deficit will disappear soon." The government will have an abundance of money if the price of a barrel of oil remains high.

Al-Saffar stressed that "the Central Bank's reserves will not be affected at all in this budget, as we have reduced borrowing and canceled foreign loans."

The decision of the Finance Committee indicated that "there is a tendency to cancel the currency auction because it does not exist in all countries of the world except in Iraq," explaining that "the currency auction mechanism is incorrect, and hard currency is supposed to be given to actual importers, students, professors, and patients who travel outside the country and not to banks." “.

 Al-Saffar indicated that "there is an increase in social care because large numbers of them were included, with the private sector participating in employing the unemployed," noting that "the budget carries a clear economic and social vision."

He stressed that "the committee will hold a meeting with the political blocs to bridge the gap in views and come up with the draft budget that can be passed easily under the parliament."

Regarding the exchange rate of the dollar, Saffar pointed out that "the exchange rate is exclusively within the authority of the Central Bank, and it is not possible to interfere in its work as it is responsible for the monetary system, the monetary mass, the exchange rate and the cash reserve. link

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Don961:  The Iraqi economy suffers from a historical deficit in the 2021 budget, and Kurdistan is its most prominent problem

- 17 Hours Elapsed   Researcher Shatha Khalil *

The Iraqi economy faces a number of challenges, starting from the significant decline in oil prices to geopolitical tensions and social unrest in the context of poor public services and the lack of progress in combating rampant corruption, which has produced poverty and unemployment for most of the people, and today it faces the repercussions of the dire Corona crisis.

A report by the Institute of International Finance says that last year, Iraq went through the worst rate of contraction since 2003, reaching 11.2%, and the country dealt with two double shocks represented by the drop in oil prices and the spread of the Corona virus, but despite this, the oil GDP is expected to grow 1.6% this year, the non-oil GDP will grow 3.1%.

The World Bank says that the Iraqi economy after the passage of nearly two decades

The country remains stuck in a fragile reality, facing increasing political instability, mounting social unrest, and an ever-deepening gap between state and citizen. And in the midst of a number of crises; Including falling oil prices, the Corona pandemic, and recent protests. This is in addition to the accumulation of the effects of weak economic policies, the absence of reforms, and the inability to address corruption.

Iraq has now seen its worst annual GDP growth performance during 2020, and instability, lack of job opportunities, corruption and poor service provision remain among the most important risks surrounding the country's long-term growth.

The factors of low prices and the spread of the epidemic, along with the ongoing political instability in the country, have led to an inflated Iraqi budget deficit to 15.6% of GDP in 2020, and a sharp decrease in its official reserves.

Budget Law and its Problems:

The budget bill for 2021, which was submitted by the Iraqi government to Parliament, contained a historical deficit, which sparked widespread debate about the ability of state resources to keep pace with this huge volume of expected expenditures.

With the change of the Iraqi dinar exchange rate against foreign currencies recently from 1190 dollars per dinar to 1450 dinars per dollar, and the figures in the budget are estimated in Iraqi dinars according to the new exchange rate, where the large gap between the size of expenditures and expected imports is noted.

And that the value of the expected deficit in the budget of Iraq for the year 2021 is more than 50 billion US dollars, and these figures formed a surprise within the financial and economic circles, as they come in a year that is supposed to witness great austerity, due to the decrease in oil revenues and the continuing negative effects of the Corona pandemic on the economy, and the absence Any prospect for prosperity.

The 2021 budget showed how Iraq is almost completely dependent on the proceeds from the sale of oil, as its project plans to sell 3.25 million barrels per day at a price of 42 dollars per barrel, to raise nearly 50 billion dollars within 12 months, this confirms the weakness of the economic policy followed in Iraq, which is based on randomness. And getting lost in decisions if there are decisions for reform.

In order to maximize non-oil imports, the state tended to include in the draft budget the imposition of taxes on the vital work sectors in the country, such as mobile phone companies, which have reached 20% of the sales tax of their packing cards, while every Iraqi who wants to travel to any other country will have to pay about $ 18, or $ 7 if he wants to travel internally.

The draft budget imposes a 10% tax on malls and large markets, as well as on car sales, while the tax rate on spirits and tobacco is 20%.

Only employees who receive less than about $ 300 per month have survived the deductions within the budget law for 2021, as the more the employee’s salary, the greater the monthly deduction.

It seems that the series of budget problems without modifications lead to inherited problems and without radical solutions.

A member of the Finance Committee in the House of Representatives Jamal Cougar said, "There are many observations on the country's general federal budget law for this year," indicating that the draft budget needs major amendments before it is approved.

And that "the task of the Finance Committee will be arduous, and the budget will witness changes in its chapters and paragraphs, so it will take time to complete these amendments," noting that "the budget came at a difficult time in light of attempts to thwart the government and a difficult economic circumstance, in addition to external interventions with attempts to stop the port project." FAO and claims to invest Iraqi gas and pressure to support and revitalize the local product.

Economists add, that the budget is not consistent with the Iraqi financial and economic reality, and contains problems that may cause major crises later if passed in this way.

"The FAO project", which is considered one of the strategic projects, was allocated only 400 billion dinars (about 273 million dollars), which represents 12% of the cost of constructing the port, while large sums were allocated to the ministries for maintenance and commodity requirements. And they see that “the budget ignores the real economic reality of the country, and is in violation of the Financial Management Law for the year 2019, which specifies the budget deficit of 3% of GDP, but the percentage of deficit in this budget of GDP is 24%.

The "proportion of the Kurdistan region" is one of the most prominent problems that are considered difficult issues and will be included in the political bidding section with an absence of balance and a fair distribution of financial resources between ministries, and the same is true for some Sunni provinces.

He explains that “the budgets of Nineveh, Salah al-Din and Anbar amount to 918 billion dinars (about 628 million dollars), and the number of its population is 6 million and 708 thousand, while the budget of another Sunni province, Diyala, is about one trillion dinars (about 684 million dollars) and its population is about one million and 548. alpha.

It is clear that there is misconduct and planning in some ministries, for example, the budget of the Ministry of Agriculture is 310 billion dinars (212 million dollars), while the Sunni endowment budget is 309 billion and the Shiite endowment is 830 billion dinars (about 568 million dollars), which is seven times the budget of the Ministry of Agriculture , While the overall size of the budget is exaggerated.

According to a member of the Finance Committee, the reform paper proposed by the Finance Committee was not observed, but rather it was limited to imposing taxes and deductions without reforms, and who indicated that “the budget law did not address administrative corruption, and was reduced to the issue of multiple salaries and border outlets without setting a time limit for the completion of This matter".

Specialists believe that the budget does not coincide with the economic downturn, low oil prices, the Corona crisis, and the successive crises suffered by the economy, and despite all the exceptional circumstances, the budget remains the second largest budget among Arab countries' budgets and is overwhelmed with expenditures.

The financing of the deficit, according to the budget, will be through internal and external borrowing and the issuance of national bonds, and this will plunge the country into debt and harm the Iraqi economy. They concluded that “the government deliberately sent the budget late to embarrass the parliament, as the value of the Iraqi state’s internal loans amounted to about 80 trillion Iraqi dinars ($ 67.7 billion), while foreign debts amounted to about $ 60 billion, more than half of which were debts recorded during the eighties The last century during the Iran-Iraq war.

The International Monetary Fund stated, that the wheel of economic recovery in Iraq is still going at a slow pace, and reconstruction projects are very limited, after the war has ended, while large current spending reinforces the risks that threaten the Iraqi economy, which puts public funds and central bank reserves on a path that does not Its continuity can be supported. The report, issued in 2019, stressed the importance of combating corruption in order to enhance the effectiveness of public institutions, and to support investment efforts and job creation on the part of the private sector.

In the financial sector, the Fund called on the Iraqi government to create a strong plan to restructure the large public sector banks, and the associated strengthening of banking supervision, which he said had become a necessity to ensure financial stability, and also called for strengthening financial development and inclusion, and setting stronger controls to combat Money laundering and terrorist financing, and strengthening oversight operations, which will help Iraq prevent abuse of the country's financial sector for the purposes of reaping criminal proceeds from money laundering and terrorist financing.

According to analysts, these deductions are a government attempt to force the simple Iraqi citizen to assume heavy responsibilities that he had no hand in the reasons for their existence.

In conclusion, Iraq needs more public investment to repair the infrastructure destroyed by the war and strengthen the provision of basic public services, including electricity.

Current spending needs to be redirected to health, reduce spending on wages and pensions, which account for 65% of total public spending, eliminate rampant corruption, a weak regulatory framework, and a bad business environment, as it continues to impede private sector development, job creation, and increased flows. Foreign direct investment, and the companies ’problem of obtaining credit, access to electricity and trade, and protecting their rights in a framework that encourages them to turn the wheel of investment.

Economic Studies Unit, Rawabet
Center for Research and Strategic Studies  LINK

KTFA Monday Night Call with Frank26 "Last of the Fab 4" 2-1-2021

KTFA Monday Night CC 2-1-2021 with Frank26 and Team

Frank26:  LAST OF THE FAB 4"

This video is in Franks and Team’s opinion

PLAYBACK IS: 605.313.5163  PIN: 156996#

What Frank’s suit colors mean…. WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR 3 HEADS ... GOLD = CHANGE NO BROWN ... NO GREY... NO YELLOW... NO FLESH 

https://www.youtube.com/watch?v=IoPugp6qCac&feature=youtu.be

Monday Night KTFA CC with Frank26 and Team "Lean On Me-Loan On Me"

KTFA:

Monday Night CC with Frank26 and team 1-25-2021

PLAYBACK IS: 605.313.5163  PIN: 156996#

Frank26:  1-25-21.....LEAN ON ME......LOAN ON ME

This call is in Frank’s and Team’s opinion

What Frank’s suit colors mean:  WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR 3 HEADS ... GOLD = CHANGE NO BROWN ... NO GREY... NO YELLOW... NO FLESH 

https://www.youtube.com/watch?v=xZ1XuOcP5P0

Frank, Delta and KTFA Members Wednesday 1-20-2021

KTFA:

DELTA:  Deleting zeros or printing a new category? .. What saves the Iraqi dinar from collapsing against the dollar?

A new storm hit Iraq this time, with the local currency depreciating against the US dollar after political, security and health storms preceded it with the outbreak of the Corona virus, the decline in oil prices, the government reaching the stage of deficit in paying its employees' salaries, and the House of Representatives forced to vote on the internal borrowing law to fill the deficit.

The government started with the initial steps to implement the provisions of the White Paper that it launched and talked about a lot over the past months to support its economy by raising the price of the dollar against the local currency from 1184 dinars to 1450 dinars to the dollar at the selling prices approved by the Ministry of Finance of the Central Bank, and this step was negatively reflected on the prices of goods, commodities and daily needs. For the citizen, with rates not less than 25%.

The crises were exacerbated by this step economically and preceded by health after it was limited to the political and security sides, and all this came at a time when Iraq is considered a rentier country that depends about 95% on oil to cover state expenses, especially salaries.

The Central Bank against a new issuance of the dinar at the present time (Al-Jazeera)

Loss of currency difference

Economic studies and research conducted by institutions concerned with economic affairs indicated that the central bank's sales for the years 2004-2020 amounted to about $ 582 billion, with a loss estimated at 20.7 billion, as a result of the difference between the official price of the dollar and its price on the black market.

The decision to reduce the local currency - which came into effect a month ago - provides about 10 trillion dinars (6.9 billion dollars), targeting the segment of employees who were greatly affected by the decision and lost about 30% of income due to the high prices of basic commodities that are imported from abroad, including mainly food. Followed by medications.

Rescue alternatives

Some opinions saw the need to find alternatives to save the dinar and prevent its deterioration further against the dollar, and in order to overcome this problem, talk about some solutions returned, specifically canceling zeros or printing a higher cash denomination such as 100,000 dinars, but the two possibilities seem to be outside the reform measures of the government and the central bank, because there are many Another obstacle is the lack of logistical supplies.

This comes at a time when the volume of cash transactions is very large in Iraq, and the vast majority of daily transactions are in cash without banking transactions. Note that less than 25% of Iraqis have bank accounts, and after the devaluation of the dinar against the dollar by about 23%, the exchange value increased by about 25% because most of the goods in the market are imported from abroad and in dollars.
Al-Naciri explained the danger of printing large denominations of currency for fear of facilitating smuggling and money laundering (Al-Jazeera) 

money smuggling

The economic expert Aqeel Al-Nasiri believes that the last procedure does not take into account the reality and future of the Iraqi economy nor other risks, especially in printing a new currency denomination with a value of 100 thousand, stressing to Al-Jazeera Net that large groups facilitate the process of smuggling and laundering of money to increase its value and decrease its size, and thus facilitate smuggling or taking it out.

Al-Nasiri cites - for the above reasons - what the European Central Bank did to cancel the 500 euro denomination in 2019.

As for deleting zeros, it is the target closest to the ambition of the citizen - according to Al-Nasiri - as well as the dealer, because of its great facilities, especially in banking and account transactions, which reduces arithmetic errors and facilitates daily dealings of the citizen and the merchant.

But he warns at the same time that any change at the present time is added to the changes that have occurred and are expected to happen after the approval of the 2021 budget and the entry into force of the white paper, which will increase the confusion in the markets and the Iraqi economy, which is looking for stability.

For this, the economist proposes a two-year process plan based on the seriousness of relying on electronic banking transactions, and reducing the need for cash because of its great benefits, including “saving the costs of printing currency, controlling the movement of money, controlling the market, reducing money laundering operations and knowing the volume. The real income of the individual and companies and providing security for the dealer, in addition to transparency, and after two years the market and the citizen are ready for the process of deleting zeros.

As for the present time, neither the Iraqi economy nor the markets are ready for such a change, especially after the confusion that occurred after the devaluation of the dinar against the dollar, according to his opinion. Cougar considered that the decision to reduce the dinar was made to fill the budget deficit and support local production (Al-Jazeera Net)

impossibility

In turn, the Central Bank does not agree with making any change to the local currency or addition, whether it is deleting zeros or printing the 100 thousand denomination in the current stage because of the lack of logistical supplies and the need for a long period of time, but it supports at the same time the second option more than the first in the case of differentiation between The best of them - says a bank official, attributing the reason to the impossibility of collecting all these quantities of the local currency within a short period in addition to the need for a long period to print the new currency.

A member of the Parliamentary Finance Committee, Jamal Cougar, supported the difficulty of printing a new currency, at a time when the decision was made to reduce the dinar against the dollar.

In an interview with Al-Jazeera Net, Cougar ruled out the Central Bank going to at least one of the two options, the current stage to restore the dinar to its previous state against the dollar, while continuing to print the 50 thousand denomination below 100 thousand, a trend that has nothing to do with the devaluation of the dinar.

The government was forced - as Cougar asserts - to go to the decision to reduce the dinar against the dollar to fill its deficit on the one hand and to support domestic production, which has declined significantly in recent years, in addition to relieving many of its burdens on the other hand.
https://www.alrafidain.news/News 
DELTA

FRANK26:  DELTA ................ I LOVE YOU BUT I DO NOT LISTEN TO ADVISORS NOR COUNSELORS NOR ECONOMIST NOR GOVERNMENT NOR CONCERNED INSTITUTION SOURCES CONSERNING THE IQD MR !!! THEIR OPINIONS ARE ALWAYS CARELESS AND IGNORANT OF THE ACTUAL STEPS BEING TAKEN BY THE CBI'S GOVERNOR. 

I DISAGREE WITH YOUR ASSESSMENT OF THIS WORTHLESS ARTICLE.

IF IT WAS MUSTAFA OR KAZIMIE DIRECLY SAYING THIS ................ THEN IT WOULD AGREE.........BUT IT'S NOT.

AND THEY SURE AS HECK ARE NOT PRINTING ANYTHING NEW !!! IT'S ALREADY PRINTED AND THE CBI IS PREPARING TO RELEASE IT. 

IMO.   FRANK26

DELTA: DEAR BROTHER.............WE SHOULD CONSIDER ANY ARTICLE .....

Samson:  Imprisonment of an official in the Investment Authority for a period of 4 years and confiscation of all his money

1/19/2021 20:08:43  

Today, Wednesday, the Integrity Misdemeanor Court sentenced an official in the Investment Authority to four years in prison and confiscated all his money.

The court stated in a statement that Al-Furat News received a copy of it that "Misdemeanor of integrity issued a prison sentence against the director general of the window in the Investment Authority (Saad Jamil Huwaidi) for a period of 4 years, confiscation of funds, and his dismissal from his post."  LINK

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Samson:  Parliamentary Finance: The budget will be ready next week

20th January, 2021

He explained that the Finance Committee will start amending the budget as of next week, and I think that the bill will be ready for voting during the next week.   LINK

Jerry1971:  GREAT NEWS Parliament Finance are informing that the budget will be ready for the vote during the next week …..hope it gets approved soon for the new rate to come out….. exciting times here in dinarland

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Samson:  Parliamentary finances "devote themselves to" the final drafting of the budget law

12:30 - 20/01/2021

The representative of the Iraqi Forces Union, Zaitoun Al-Dulaimi, revealed, on Wednesday, that the Finance Committee had moved outside the Parliament building in order to prepare the final wording of the budget bill, indicating that the committee’s transfer was due to its emptiness and not allowing the representatives to enter the committee to pressure it.

Al-Dulaimi said in a statement to / al-Maalouma /, that “the Parliamentary Finance Committee upon completion of the second reading of the budget bill decided to move from the Parliament building to the guest house in the Council of Ministers.”

She added that "the committee's decision to the guest house, because the committee is empty and not allowing the deputies to enter the committee and put pressure on it," stressing that "the committee's decision is correct and will accelerate the completion of the final draft of the bill.

The House of Representatives had completed the second reading of the draft federal budget bill for the fiscal year 2021.  LINK

Samson:  The Constitutional Amendments Propose Reducing The Number Of Members Of Parliament To 180 Members

20th January, 2021

The Constitutional Amendments Committee in the Presidency of the Republic has completed its work, amid expectations that a committee will be formed between it and the House of Representatives to discuss it and come up with a common formula to pass it.

In an interview with the independent newspaper, Al-Sabah, a member of the committee, Mohsen Saadoun, said: “The committee headed by the chief advisor of the Presidency, Dr. Ali Al-Shukry, with a membership of 25 professors and specialists in constitutional law, made great efforts and conducted recorded discussions to complete the amendment of all articles, and there was nothing left. Except for its review, which was postponed due to the Korna pandemic, "noting that" the amendment is consistent with what is required by the deficiencies in the constitution. "

He added, “The important constitutional articles that have been amended are to reduce the number of members of Parliament to 180 instead of 329, in addition to Article 76, which has been radically amended from what is in place, and one of its paragraphs states (assigning the candidate of the largest parliamentary bloc, To form the Council of Ministers)”

Saadoun explained that “the most important article is related to (the Union Council), for which several chapters have been set, after it was referred to in the constitution by one article and is enacted by law, knowing that it constitutes the second chamber of legislation, that is, a council of elders or notables, as it should be. At the level of the House of Representatives.

Saadoun continued: “The committee decided that there should be more powers for the president of the republic after they were formal, instead of making the system presidential, as the demonstrations that started in Baghdad and some provinces demanded,” stressing “the difficulty of transforming the system from parliamentary to presidential, which calls for amending many Constitutional articles ”, describing these amendments as“ the best among their counterparts that were previously presented.

Saadoun explained that "the House of Representatives decided to form a committee for constitutional amendments after popular pressure on them, while they should have formed this committee and completed its work within 4 months, as stipulated in Articles 126 and 142, and despite that, they did not reach any result." 

A member of the Constitutional Amendments Committee in the Presidency of the Republic confirmed that “Whoever wants the people's interest chooses what is best for him,” indicating that “the general rule is that the country's stability is linked to the stability of the constitution,” noting that “the amendments committee in the Presidency of the Republic will send the amendments to Parliament in preparation for forming a committee "Between the two, to discuss it and come up with a common formula for amendments between the two institutions that the people badly need."

Saadoun hinted to the need for "a common political will that can pass these amendments by voting on them in the House of Representatives, so that there will be a constitutional amendment with the elections." He expected that a meeting would be held during the next stage between the members of the committee to discuss these amendments, then adopt and publish them to be the basis for the constitutional amendment, and then they would be sent to Parliament to produce positive results in the interest of the Iraqi people.  LINK

KTFA Members "News and Views" Tuesday 1-19-2021

KTFA:

Clare:  WOW... AWESOME CC!!!!!!!  (See link below) THANK YOU FRANK, WALKINGSTICK & MM!!

I LOVE HOW WALKINGSTICK REPORTED - "THIS SAT THEY WILL DISCUSS THE NSCN'S:

 HOW THEY WILL  PRESENT IT TO THE PUBLIC...WHICH NSCN'S WILL BE RELEASED.... THE VALUE AND THE NOTE COUNT TO BE DISTRIBUTED.....

AND THERE SEEMS TO BE A MAD RUSH TO DO THIS".

THANK YOU FOR EVERYTHING WS!   GOD BLESS YOU ALL

Tink:  CC 1-18-21     https://fccdl.in/uDZICOYNdn

Frank26:  1-18-21...CATEGORIES   https://www.youtube.com/watch?v=6xcskr4gff0

Samson:  Al-Shamaa: The Old Exchange Rate Creates Big Problems And Loses Confidence In The Iraqi Currency

19th January, 2021

Economist Hammam Al-Shamaa emphasized that returning to the old exchange rate ... loses confidence in the currency and creates big problems.

Al-Shamaa said in a press statement followed by Al-Independent today, Tuesday, that in Iraq there is chaos and in light of the state, everything is possible, except that returning to the old price creates big problems and the Iraqi currency loses confidence in it.

Al-Shamaa added that: Some of these problems are the financial losses that resulted from the reduction of the exchange rate for everyone who had savings hoarded in the dinar, as it lost 20% of its value.

He explained that: the debt relations will also lead to losses. The merchant who was in debt in dollars was forced to pay a larger amount of dinars when the exchange rate was lowered, and conversely, the debtor now in dinars will have to bear a larger amount of dollars to pay off his debt.  LINK

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Samson:  The Central Bank of Iraq sales return to decline

19th January, 2021
The Iraqi Central Bank's hard currency sales decreased again today, Tuesday, to more than $5 million, at a time when the US currency continues to rise against the dinar.

The correspondent of Shafaq News Agency stated that the Central Bank of Iraq witnessed during its auction for the sale and purchase of foreign currencies today a decrease in its sales to reach 5 million 561 thousand dollars, which the bank covered at a basic exchange rate of 1460 dinars per dollar, compared to Monday, where sales reached 7 million 353 one thousand dollars.

He added that the sales all went to boost the assets abroad in the form of transfers and credits, while the dollar was not purchased in cash.

Our correspondent indicated that 6 banks have fulfilled the requests to enhance the assets abroad.

LINK

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Samson:  6 years imprisonment for the former Director of the Pension Authority

19th January, 2021
On Tuesday, an informed source revealed that the former director general of the National Pension Authority, Ahmed Abdel-Jalil Al-Saadi, had been sentenced to six years in prison, indicating that the latter is still being brought before the courts in other cases.

The source told Shafaq News that after the investigation into the Saadi case was completed by the Anti-Corruption and Important Crimes Committee and referred to the judiciary, the Central Anti-Corruption Criminal Court issued today a pre-trial sentence of 6 years imprisonment in accordance with the provisions of Resolution 160 of 1983.

The source indicated that the ruling was issued in the case of concluding a health insurance contract and deducting amounts from retirees in violation of the law, in partnership with Al-Salamah Commercial Mediation Company, indicating that there are other cases against the above convicted person pending trial.

It is noteworthy that, on September 15, 2020, a special security force arrested the former director of the General Retirement Authority, Ahmed Abdel-Jalil Al-Saadi, and a number of officials on charges of financial corruption.  LINK

Don961:  Adjusting the dollar exchange between supporting the national product and the dream of economic recovery

Monday January 18, 2021  Baghdad: Mustafa Al-Hashemi

 The director of the Market Research and Consumer Protection Center, Dr. Yahya Kamal Al-Bayati, said that the government is facing a strong and big challenge in the face of the current economic crisis, which made it present the reform white paper, asking: Is the white paper capable on its own to address economic and social problems, and did the budget include solutions to advance the reality of development The existing infrastructure to revive the Iraqi economy, in light of the Central Bank’s decision to amend the exchange rate?

Al-Bayati confirmed that the Central Bank's decision, late last year, contributed to adjusting the exchange rate of the dollar in the market, as our local markets faced a new problem that requires the government to put in place appropriate mechanisms in how to control it and limit manipulation. In which.

National product support

Al-Bayati indicated that "this decision was supposed to be preceded by support for the national product, which is witnessing a clear absence in the market, as well as support for the private sector to take its role properly, with the need not to overlook the importance of limiting imports, for the purpose of making the economic reform process successful."

He believed that "the exchange rate of the dollar against the dinar now needs to be revised because it has negatively affected the rates of commodity prices in the market and made them rise by 20 percent from their rates before the central decision to amend the exchange rate, which is supposed to revive the Iraqi economy with deliberate steps."

Consumer Protection Act

The Director of the Market Research and Consumer Protection Center added that "the Consumer Protection Law No. 1 of 2010 needs to activate and adopt mechanisms for its implementation on the ground, as well as the Consumer Protection Council, which includes in its formation a number of ministries," noting that "Iraq needs institutional integration." Through engaging the work between ministries and departments and coordinating efforts aimed at solving economic problems with a national vision to raise the standard of living Citizen ».

And that "the intended integration lacks follow-up, and every process that the government takes needs to be followed up and monitored to activate it, calling on those in charge of the economic file in Iraq to activate the Iraqi consumer protection law to preserve the hard currency and the domestic capital cycle, and we limit the depletion of our resources on import only without There is real development ».

Al-Bayati focused on "the need to support the local product in a concentrated manner because it deals in the national currency and not in dollars, which may make a difference that the citizen touches when buying it from the market after providing it in it."     LINK

Don961:  Al-Kazemi: We are working on preparing the infrastructure to revive the Iraqi industry

Tuesday 19 January 2021

Baghdad: Muhammad Al-Ansari

 Prime Minister Mustafa Al-Kazemi said, during his opening, yesterday, Monday, the exhibition "Made in Iraq", which is being held by the Ministry of Industry at the Baghdad International Fair: "We face challenges, and we do not care about the attempts to question the work of the government and put the stick in the wheel. The most important thing is how to provide service to citizens." .

Al-Kazemi added that "the government is counting on the private sector to supplement the Iraqi industry and restore its identity."

He added that "Iraq has enormous minds and energies that can be a source of creativity and a tributary to the region and the world. Long decades of dictatorship, wars and crises have prevented opportunities for investment and prosperity of the distinguished Iraqi energies," pointing out that "supporting and protecting the local industry has occupied a large place in the government curriculum, and we are currently working

To create the necessary infrastructure to create an appropriate environment to revive the Iraqi industry again, and we rely on this path on the energies of the youth in our country ».

He stated, “We directed the Ministry of Industry and Minerals to launch the National Project for Youth Employment, to help young graduates establish small industrial projects that contribute to the development of local industry and reduce unemployment rates at the same time, and the government has embarked on a set of reforms to support the industry through the reform white paper and in the budget In 2021, we imposed taxes on the imported product to support and protect the national, local product.

Al-Kazemi declared that "the government is continuing to develop industrial zones in Nineveh, Basra, Dhi Qar and Anbar, and in all regions of Iraq."     LINK

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Samson:  Parliamentary warning of an employee uprising that could topple the Al-Kazemi government

19th January, 2021
The independent deputy, Kazem Al-Sayyadi, warned on Tuesday, that the contract employees will revolt as a result of not being included in the draft fiscal budget for 2021, and that this uprising may lead to the overthrow of the federal government headed by Mustafa Al-Kazemi.

Al-Sayyadi told Shafak News Agency, "Al-Kazemi has proven his inability to run the government, after it became unable to provide citizens with the most basic rights of the ration card items, electric energy and services." He added that "hundreds of thousands of contract employees in state ministries were hoping that the government would do them justice by including them in the Iraqi state budget law, but it failed them by not including them and not paying their financial dues for the year 2020." Al-Sayyadi continued, saying that "these employees are now waiting for the approval of the budget law by Parliament to pay their back salaries, otherwise they will rise up against the government and may cause it to be dropped."

On Tuesday, the Parliamentary Finance Committee announced that the applications for the listing of contracts and lecturers in the 2021 budget bill will be referred to the prime minister.

A member of the committee, Ahmad al-Hajj, told Shafaq News, “It is not within the Parliament's Finance Committee’s authority to approve the creation of job grades and appointments in the General Budget Law,” pointing out that “the committee referred all requests of members of Parliament regarding the inclusion of contracts for Resolution 315 and the lecturers in the Budget Law to the Prime Minister". He added, "When the prime minister and the Ministry of Finance agree to add allocations to contracts, daily procedures and lecturers, and create job grades, there is no objection to the Finance Committee adding them to the budget law."

Hajj pointed out, "The Finance Committee is currently working to reduce the fiscal deficit in the budget from 71 trillion by reducing expenditures and making financial transfers." The members of the House of Representatives had submitted a request to the Presidency of Parliament to include employees contracts and wages in the ministries of the state as part of Resolution 315 issued by the Council of Ministers in the General Budget Law for 2021.

The Iraqi government approved the draft of the draft last month and sent it to Parliament for discussion and approval in the coming weeks. According to the draft seen by Shafaq News, the budget is 164 trillion dinars, with a fiscal deficit of 71 trillion. The budget was based on an estimated price of $ 42 per barrel of oil and an export rate of 3.250 million barrels per day, including 250 thousand barrels from the fields of the Kurdistan Region.   LINK

KTFA Monday Night CC with Frank26 and Team "Categories" 1-18-2021

KTFA:

KTFA CONFERENCE CALL MONDAY NIGHT 1-18-2021

 Frank26:  1-18-21......CATEGORIES

PLAYBACK IS: 605.313.5163 PIN: 156996#

This video is Frank and Teams opinion

Special guest Bluestar

What Frank’s suit colors mean..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR 3 HEADS ... GOLD = CHANGE NO BROWN ... NO GREY... NO YELLOW... NO FLESH 

https://www.youtube.com/watch?v=6xcskr4gff0

Frank26, Santa Surfing, TNT and more Thursday PM 1-14-2021

Courtesy of Dinar Guru

Frank26   We told you...they needed this past Friday and this coming Friday - these two weeks - to do a tally.  To add up how many 3 zero notes they got in. I'd like to say to you they are done...What happened in the first week of January and the second week of January was for them to take account, a tally, and see if they reached the sweet spot...because they reached the sweet spot they all of a sudden come out and start to talk about the U.S. dollar going down tremendously in the auctions of the CBI...How many dollars were put through the auction yesterday and today?  Nothing!  That's exactly what we want to hear.   [post 1 of 2....stay tuned]]

Frank26 That's number one. 2. They all of a sudden are talking about the budget. What about the budget? 'Well we're putting in a new rate in it based on the fact that oil prices have gone up.' 3. 'We promise citizens of Iraq we are going to do another exchange rate and this one is going to be higher. We promise you!" Well golly I mean talk about the U.S. dollar getting out of here. Running out of 3 zero notes. Talking about the budget being approved and it's got a new rate because of the oil prices and now they promised them on television, 'Hey Iraqi citizens we promise there's another rate change coming.' [Post 2 of 2]

Jeff  One of the signs we were looking for to know we were getting close to the RV...we were looking for them to reduce the amount of U.S. dollars auctioned off off at the auctions.  That has been achieved.  Article: "By more than three quarters ...a "significant" decline in central bank sales"  They used to auction off hundreds of millions as of this morning they've only auctioned off 3 million 250000 US dollars...we are looking very good. 

KTFA:

Samson:  The Speaker of Parliament receives the Minister of Finance
14th January, 2021

Parliament Speaker Muhammad al-Halbousi received, Thursday, Minister of Finance Ali Allawi

Halbousi's media office said in a statement received by "Al-Eqtisad News", that the meeting discussed "the financial challenges facing the country at the current stage, and the draft federal budget law for the fiscal year 2021

The two sides stressed "the importance of limiting the repercussions of the current financial situation on the economic situation in the country, and working on developing plans and procedures required to confront the current financial crisis, overcome its repercussions and protect citizens' rights LINK

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TNT:

Tishwash:  International Development Bank: The White Paper on Restructuring the Banking and Financial System

The advisor to the Chairman of the Board of Directors of the International Development Bank in Iraq, Hani Idris, said that the reform program approved by Iraq late last year under the name of "the white paper", which aims to redefine the state, develop the public financial system, restructure the banking and financial system, address low productivity and protect groups Fragile.

On the other hand, the Information Technology and Communications Technology Association (INTAG) discussed, during its monthly meeting, growth opportunities for sector companies in the Iraqi market .

The association stated in a statement yesterday that the executive director of the "production" association, Engineer Nidal Al-Bitar, said that the meeting discussed the importance of the Iraqi market for Jordanian information technology companies .

In turn, the CEO of the "Delta Computers" company, Marwan Hamdan, reviewed his experience in the Iraqi market, stressing that the most sought-after projects in Iraq are "financial technology", referring to the most prominent challenges facing investment in Iraq, represented by government instability and the lack of an active private sector   link

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Santa Surfing

1/12/2021: GESARA - Constitutional Everything! 1/11 - What happened?

ARTICLE: https://beachbroadcast.com/whats-happening/f/gesara---constitutional-everything-111---what-happened

https://rumble.com/vcpu2l-gesara-constitutional-everything-111-what-happened.html

IRAQ NEWS UPDATE : 1/14/21 | IQD Iraqi Dinar Currency Exchange RV Ripple XRP Bitcoin and more!

Jan 14, 2021

IRAQ NEWS: The latest Iraqi news relating to what's happening in Iraq and the Iraqi Dinar investment.

https://www.youtube.com/watch?v=-z3QZhaBgoU

Monday Night KTFA CC "They Promised Citizens Another Exchange Rate" 1-11-2021

Monday Night KTFA Conference Call 1-11-2021

With Frank26 and his team

PLAYBACK IS: 605.313.5163 PIN: 156996#

This video is in Frank and team’s opinion

Frank26:  THEY PROMISED CITIZENS ANOTHER EXCHANGE RATE"

What Franks Suit colors mean:  WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR 3 HEADS ... GOLD = CHANGE NO BROWN ... NO GREY... NO YELLOW... NO FLESH 

https://www.youtube.com/watch?v=SgroPzjfZ6Y&feature=youtu.be

Frank26 and MilitiaMan Friday PM "Anoher Exchange Rate Change" 1-8-2021

KTFA:

Samson:  New financial statement on the adjustment of the dollar exchange rate

8th January, 2021

The Ministry of Finance issued, on Friday, a new statement regarding the measures supporting the increase in the positive effects of adjusting the exchange rate of the dollar against the Iraqi dinar.

The ministry stated in a statement that Mawazine News received a copy of, that it “is fully aware that there are a number of supportive measures that need to be taken to increase the positive effects of adjusting the exchange rate. By the cabinet."

She added that she "led extensive discussions in the past weeks after the approval of the budget by the Council of Ministers regarding the follow-up to adjusting the exchange rate with many parties inside and outside the government.

These discussions will culminate next week with a proposed expanded meeting with the main economic actors from the public and private sector, where the Ministry of Finance will develop its policy program." Detailed designed to maximize the benefits from an exchange rate adjustment.

She indicated, "She hopes that these procedures will coincide with discussions within the House of Representatives on the budget, and it should be noted that the main policy measures to protect the poor and the vulnerable have been included in the budget and discussed in the minister's statement regarding the budget."  LINK

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Samson:   Iraqi Finance announces new developments in the dinar  exchange rate

8th January, 2021

The Ministry of Finance promised on Friday to make an amendment to the exchange rate of the foreign currency against the Iraqi dinar, after the decision taken by the Central Bank to reduce the value of the local currency and increase the prices of imported goods and goods in the country.

The ministry said in a statement received by Shafaq News that it is fully aware that there are a number of supportive measures that must be taken to increase the positive effects of adjusting the exchange rate. The Ministry of Finance was unable to do this publicly due to the sensitivity of the issue and because the budget must first be approved by the Council of Ministers. And she continued that she led extensive discussions in the past weeks after the budget was approved by the Council of Ministers regarding the follow-up to adjusting the exchange rate with many parties inside and outside the government.

She added that these discussions will culminate next week with a proposed expanded meeting with the main economic actors from the public and private sectors, where the Ministry of Finance will develop a detailed policy program designed to increase the benefits from adjusting the exchange rate.

In its statement, the ministry expressed its hope that these measures will coincide with discussions within the House of Representatives on the budget. The statement indicated that "the main policy measures to protect the poor and vulnerable have been included in the budget and discussed in the minister's statement regarding the budget."

The Central Bank of Iraq had decided to raise the price of selling the dollar to banks and exchange companies to 1460 dinars, from 1182 dinars to the dollar, in order to compensate for the decline in oil revenues caused by the deterioration of oil prices. Iraq relies on 90% of its income on oil revenues, and the last time it devalued the dinar was in December 2015 when it raised the selling price of the dollar to 1182 dinars, compared to 1166 dinars in the past.

The central bank launched its decision regarding the new pricing for selling the dollar in the auction for the currency on the 20th of last December, and since then, the bank has witnessed a decline in currency sales. Iraq is under great pressure under the weight of the worst economic crisis it has witnessed since 2003 until now due to the low oil prices and the outbreak of the Corona virus.    LINK

MilitiaMan:  What a find Samson! I can imagine sleepless nights are coming to many.. Those that go to bed at 9:00 may think twice about it now.. lol lol Thank you!

They say this is a new development in the dinar exchange rate. Well, fairly sure we can see that this was a part of the plan for some time and they are rolling out that plan.

They used the Devaluation on purpose, imo, knowing that there would be effects both of which served a purpose to stimulate the citizens to bring in additional 3 zero notes, citizens feeling that if they devalue again to 1660 they would lose even more purchasing power.

They knew that the citizens would get pinched, but, it was apparently a necessary evil.  One that may not have been as successful as thought. Regardless the plan was to be short lived and it appears to be the case now As, we see the Finance Minister has promised today to make an amendment to the exchange rate for positive effects and with supportive measures.

 The fact that they budget was past and they kept the data close to their chest is clearly a true sign of the sensitive nature of things. We all know the 2019 FMLA and the 2020 Budget was kept under wraps for a purpose as well. That imo is the sensitivity of the whole plan. The new International Article 8 Compliant Exchange Rate. The REER.

The HOR (house of representatives?)  is said to meet Saturday.. They say it is hoped that the meeting will coincide with the COM (Council of ministers) and the HOR in regard to the 2021 Budget with an amendment to it.

Well that imo is why they played this out this far. Because the data in the 2019 FMLA and 2020 was so sensitive in nature. The sensitivity is the mechanism in the data to go to a market economy.

They have the systems in place to do so now.

 They have the Electronic system in place. BUNA is well known to have interlinked with the region. That includes the members of the AMF. That would also include indirectly the IMF / SDR.. They communicate with each other at times.

I did see that yesterday!! It lines up that 1450 less three zeros is similar to SDR $1.450. The article a day agoy said in May 2020 the Dinar was valued at 682 Dinars to the Dollar. The real value, they said. Then they spoke of the 1182. Now We see the devaluation down to 1450 real close.. $.682 is the value of 682 Dinars once or if the three zeros are dropped. 1/1.45 is .69 real close.

See the similarities converging. Take not of the SDR is $1.45 real close.. Key thing of interest is the AMF / AAD is $420+-. That is just under 3xSDR.. 

So, It sure looks like the process was to devalue ahead of the revaluation to come as part of the plan has legs. The US Fed told us they can Devalue and Revalue and it appears to be holding true. As stated above. 

Now lets think about the green dollar and blue dollar articles over the last couple weeks. They seem to support there is a transition going on. The dollar auctions are showing scarcity to the cash sales (see above). Yesterday, case in point again, the auctions were a mere $100,000.

The green dollar and blue dollar are different not just in color. The green dollar was said to be pouring in illegally from the Kurdish region, as it was put to us. The blue dollar (different) was being used by the central bank and they were selling at 1450.. Keep that in mind.

The blue money we thought was apart of information in respect to NSCNs. In effect that may be true still to a greater degree than thought relationship wise.  As the blue dollar is to be used in the future, as it may be a digital dollar that will need to be paired with a digital Dinar where by the new small category notes come into play. They will need to have similar technology in respect to digitization and valued accordingly to an international standard article 8 compliant rate, imo.

The blue dollar that Frank asked Petra and I to consider closer, is because he believes imo that the Blue dollar is something Big that got started on or around the 1st of January, just as the well placed clip he offered us from Trump rally showed him saying Something big is about to happen!

The article yesterday speaks of a spiral if they don’t contain the spending an fill in the gaps with alternative incomes outside of oil. We all know that Iraq has been ready to clear and settle trades through the BUNA system. That system will be able to clear trades not only with Iraq but all countries affiliated with the AMF. Second mention is for purpose. 

The countries currencies would have to be able to be cleared similarly to each other. Just as the dollar will need to be or now is able to be. It has been implied the Blue Dollar is on the other side.. Meaning to me that it is coming into Iraq already, as in it is done and ready to go.

We await Iraq e-Dinar now. imo 

We saw that the 2021 budget has been side kicked back over over the last couple months to now be to the end of the rail line, Saturday. That is tomorrow.  Interestingly the Tuesday session for the Parliament was to be for Tuesday this week and it was canceled with out notice of a reason as to why and was pushed out. We can glean from the above that the sensitive nature is why! 

We have heard over the years that there may come a time where the citizens outside western eyes may get four days alone with their new sovereign money, effectively anyway. From post Tuesday four days is Saturday and the is the same day exposure of the 2021 may hit the HOR.. Let see..Much of what is in this post was written yesterday..lol

So if we keep in mind the pairing of rates, the value of the Dinar back in May 2020 was 682 and now is 1450, by dropping the 3 zeros the Dinar 1.45 is or will have converged with a competing AMF to SDR basket that can talk if you will through the BUNA platform..

3xSDR is where countries within the IMF are said to be. Samson’s post of the other day of SDR $1.45+- is suggesting there is now a convergence leading up to the HOR meeting Saturday..

I like it!! Imo ~ MM

Frank26:  1-8-21.......ANOTHER EXCHANGE RATE CHANGE

https://www.youtube.com/watch?v=KZ918ITYdfg

Monday Night KTFA CC with Frank26 "It's A Good Sign" 1-4-2021

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A NEW UB2B WITH THE IQD UPDATE

Frank26:  1-4-21. .....ITS A GOOD SIGN

This video is in Frank’s and team’s opinion.

What do Frank’s Suit colors mean?

FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR 3 HEADS ... GOLD = CHANGE …NO BROWN ... NO GREY... NO YELLOW... NO FLESH 

https://www.youtube.com/watch?v=3DW-XTZU4GE