Wed. Night KTFA CC " The New Exchange Rate is in the Minutia of the White Papers"
.KTFA Wednesday Night CC
8-4-21……THE NEW EXCHANGE RATE IS IN THE MINUTIA OF THE WHITE PAPERS
This video is in Frank’s opinions only
Playback Number: 605-313-5153 PIN: 319183#
Special Reports tonight from Eddie in Iraq: The CBI and GOI are talking a lot to the Iraqi people on the televisions.
KTFA Wednesday Night CC
8-4-21……THE NEW EXCHANGE RATE IS IN THE MINUTIA OF THE WHITE PAPERS
This video is in Frank’s opinions only
Playback Number: 605-313-5153 PIN: 319183#
Special Reports tonight from Eddie in Iraq: The CBI and GOI are talking a lot to the Iraqi people on the televisions.
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
KTFA Monday Night CC "No Thank You" 8-2-2021
.KTFA Monday Night CC with Frank26 and team:
8-2-21……….NO THANK YOU
Special Guest “Bluestar” tonight.
Franks team is Walkingstick, Petra, MilitiaMan and Eddie from Iraq.
A Iraq Report is given by Petra and MilitiaMan tonight.
Listen to a special report from Walkingstick as well……
This video is in Frank’s and his team’s opinions.
Playback Number: 605-313-5163 PIN: 156996#
KTFA Monday Night CC with Frank26 and team:
8-2-21……….NO THANK YOU
Special Guest “Bluestar” tonight.
Franks team is Walkingstick, Petra, MilitiaMan and Eddie from Iraq.
A Iraq Report is given by Petra and MilitiaMan tonight.
Listen to a special report from Walkingstick as well……
This video is in Frank’s and his team’s opinions.
Playback Number: 605-313-5163 PIN: 156996#
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
**************
This article is highlighted in tonights call:
Al-Kazemi announces the launch of the economic reform plan within the white paper
2nd August, 2021
Prime Minister Mustafa Al-Kazemi chaired the meeting of the Supreme Committee for Reform in Iraq.
Al-Kazemi said, according to a statement by his office, "Since we launched the reform white paper to address the rampant corruption in the country and we have been working to create an appropriate atmosphere for its implementation, and our meeting today is to announce the start of implementing the administrative and executive mechanisms for the economic reform plan within the white paper."
He added, "We strongly aspire to restore the country's economy to its strength after the situation reached very low levels as a result of rampant corruption. This plan would rebuild the Iraqi economy in a sound manner that would achieve sustainable development for the country."
And Al-Kazemi continued during the meeting, "The reform plan will provide a solution to the chronic economic management crisis, which is represented by complete dependence on oil, and the lack of diversification of income sources. A comprehensive reform until it is completed within 5 years.
And he indicated that "the damage to the Iraqi economy is very great, and for this reason it is impossible to implement the reform plan in a short time, and everyone who promises to do so is delusional. Our goal is to advance the Iraqi state, not the current government. Governments go and the state remains, and for this we want with all our insistence." To restore Iraq's economic prestige."
Al-Kazemi said, "Since we took over the administration of the executive authority of Iraq, we have been working hard to implement reforms in order to get out with the least losses for all of us. The future of our children is more important than anything, they are the builders of Iraq, and they are the ones who will lead it, so let's leave our interests and think about our children."
In October 2020, Al-Kazemi launched what is known as the "white paper", which extends over 100 pages, which is a "project for a solution to the chronic economic management crisis, complete dependence on oil and the lack of diversification of sources of income." LINK
MilitiaMan : An “Exchange Rate” is a “Mechanism.
KTFA Wednesday Night CC With Frank26 "S+S=RI 7-28-2021
.KTFA Wednesday Night CC with Frank26:
7-28-21…….S + S = RI (Security and Stability)
THIS WHOLE UB2B IS STRICTLY IN FRANK'S OPINION..........BUT YOU ALREADY KNOW THAT!
Includes special report from Eddie in Iraq.
Frank26: While nobody knows the date…we do know they are doing it right now.
Eddie: The visit to the US has been a success.
Frank26: When Kazemi went to Washington DC he met with the fab 4…..The World Bank is one of the fab 4 …along with the US Treasury and the IMF. They also met with the WTO is Wash. DC. Kaemi has been spending most all of his time working on the monetary reforms and the new exchange rate with the Fab 4. Lets see if the results of these meetings is as powerful as I think they were
KTFA Wednesday Night CC with Frank26:
7-28-21…….S + S = RI (Security and Stability)
THIS WHOLE UB2B IS STRICTLY IN FRANK'S OPINION..........BUT YOU ALREADY KNOW THAT!
Includes special report from Eddie in Iraq.
Frank26: While nobody knows the date…we do know they are doing it right now.
Eddie: The visit to the US has been a success.
Frank26: When Kazemi went to Washington DC he met with the fab 4…..The World Bank is one of the fab 4 …along with the US Treasury and the IMF. They also met with the WTO is Wash. DC. Kaemi has been spending most all of his time working on the monetary reforms and the new exchange rate with the Fab 4. Lets see if the results of these meetings is as powerful as I think they were…..
(the Fab 4...the IMF, World Bank, U.S. Treasury, and the President of the USA...)
Frank26 : To be a member of the World Trade Organization Iraq has to have a tradable currency.
Eddie: According to the media…he CBI and the IMF will be meeting in Iraq soon….These meetings will be very, very important. This meeting is about to be announced….they have not met yet….but very soon.
Frank26: They already met in Wash. DC….and they will be telling you all soon what the meetings were about. And IMO that moment approaches us.
Petra: IMF put them on a program rate. IMF told them to reduce their rate to 1450 from 1190. Now, IMF wil tell them....what Frank said. LOL
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
KTFA Monday Night CC "CBI Quiet Before.....The Perfect Storm" 7-26-2021
.KTFA:
KTFA Monday Night CC with Frank26 and team
7-26-21…..CBI QUIET BEFORE……..THE PERFECT STORM
This video is in Frank’s and team’s opinions.
Franks team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq.
Frank26: WHAT FRANK IS ABOUT TO TELL YOU.......IS HIS OPINION..........Iraq is being wined and dined and primed…..to be a very strong WTO member. Walkingstick and I would like to emphasis that it is the GOI that has pledged to the WTO …IMO The GOI has pledged to the World Trade Organization a certain percentage of the local currency of Iraq…dinars…. …AND They have pledged a certain value upon admission to the WTO. But take note…I think they already are. And I will stop right there.
Frank26: do you think the WTO want the Iraqi currency at a restricted, program rate??? To be in the WTO Iraqs currency needs to be tradeable…..So study what I just told you and get ready to read it in an article soon.
KTFA:
KTFA Monday Night CC with Frank26 and team (A few highlights )
7-26-21…..CBI QUIET BEFORE……..THE PERFECT STORM
This video is in Frank’s and team’s opinions.
Franks team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq.
Frank26: WHAT FRANK IS ABOUT TO TELL YOU.......IS HIS OPINION..........Iraq is being wined and dined and primed…..to be a very strong WTO member. Walkingstick and I would like to emphasize that it is the GOI that has pledged to the WTO …IMO The GOI has pledged to the World Trade Organization a certain percentage of the local currency of Iraq…dinars…. …AND They have pledged a certain value upon admission to the WTO. But take note…I think they already are. And I will stop right there.
Frank26: do you think the WTO want the Iraqi currency at a restricted, program rate??? To be in the WTO Iraqs currency needs to be tradeable…..So study what I just told you and get ready to read it in an article soon.
MilitiaMan: I like this.. "EDDIE SAID THEY TOLD HIM THAT WHEN PM K IS DONE WITH THE WTO, THEY'RE GOING TO ADD VALUE TO OUR CURRENCY!" Eddie
MilitiaMan: Iraq is involved with the WTO..Agri is big! there are meetings on agriculture this week with the WTO. The focus in July at the WTO in europe was agriculture related!!!
Petra: And do you think the WTO will have them maintain their "observer" status with all those contracts sitting there waiting to enter????
MilitiaMan: Petra, not a chance
MilitiaMan: DROP the OBSERVER by Dropping 3 ZEROS
MilitiaMan: GOI PLEDGED TO the WTO IFO A % of the Local Currency of Iraq with a certain value in a % of dinars upon admission to the WTO.
MT: WOW!!!! so that would mean they are ready to release a true value on a percentage of their currency.. ???
GT: WTO Don't want Iraq WITH A NON-TRADABLE CURRENCY to join their organization !!! NO WAY ....
JJ: If the WTO gets IQD at Program Rate , then WTO gets the benefit of the "jump up" as IQD increases in value ........IMO ...........
Playback Number: 605-313-5163 PIN: 156996#
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
Holly, Frank and more Wednesday Afternoon 7-21-2021
.Holly Wednesday Rv News:
There is a lot of misinformation going on out there. I have seen these patterns before. I want everyone to relax when you read something negative. Stick with the positive and stay strong.
Our energy and consciousness is imperative to this process. When you get knocked off being positive about the rv and pulled down into fear and panic it affects the outcome. More then ever you need to remain in a loving, positive, calm center. Do not let the negativity throw you out of kilter.
Where are we now: F&Ps did not go yet. They should have yesterday but did not. They are still paying out the bond holders but all are not liquid.
The F&Ps are the key to having ALL of this release.
Holly Wednesday Rv News:
There is a lot of misinformation going on out there. I have seen these patterns before. I want everyone to relax when you read something negative. Stick with the positive and stay strong.
Our energy and consciousness is imperative to this process. When you get knocked off being positive about the rv and pulled down into fear and panic it affects the outcome. More then ever you need to remain in a loving, positive, calm center. Do not let the negativity throw you out of kilter.
Where are we now: F&Ps did not go yet. They should have yesterday but did not. They are still paying out the bond holders but all are not liquid.
The F&Ps are the key to having ALL of this release.
Having been on this journey for a long time, the only way to stay the course is to not have your emotions involved. When your emotions are involved then you become angry when it is does not happen, you get sad and frustrated and excited when you hear good news.
The only way to survive is to take all your emotions out of this and stay in a neutral place. It has to happen eventually and I am beyond giving dates or when as the timeframes we are given change completely.
So we can only see what is happening in the world to get a reference point as to the progress.
This is a transition not a transaction. Never, ever give up.
When you sign your NDA be quiet.
Courtesy of Dinar Guru
Frank26 [Guru] Walkingstick and I told you last Monday they are going to come out with negative articles going against the raising of the exchange rate. They are not talking about lifting the 3 zeros from the currency. That's stupid. I saw some guru say, 'Yeah, you see I told you it was a lop. They're lifting the 3 zeros from the currency...' I told you there was going to be misinformation.
***************
KTFA:
Don961: The digital dollar... American insistence on leading the global monetary system
Issuing the digital dollar will be a confirmation of the continued supremacy of American financial and economic globalization,
Abdul Hafez Al-Sawy 20/7/2021
The virtual currencies "Bitcoin and its sisters" represented a historical moment in the global economic performance, despite the limited transactions, and limiting those transactions to what we can call the economic elite, with great solvency.
The historicity of the moment comes in the fact that it took the process of issuing money out of state functions, and stripped it of its most important functions and sovereign features, which is the issuance of money, so that virtual currencies made the issuance process in the hands of miners, who are individuals with high technology skills.
The other thing, which is related to the historicity of the moment of issuing virtual currencies, is that hopes for removing the dollar from the throne of leadership of the global monetary system rose dramatically, since 1948 the dollar became the first currency globally in settling financial and commercial transactions worldwide, and foreign exchange reserves depended on it in all Central banks.
As much as virtual currencies represented a threat to countries in general, and to America in particular, as much as they were surrounded by risks to the global economy, represented in the great ease of laundering dirty money, and the other thing is the increase in their energy consumption in mining operations, which is still within a limited framework of its size, so what about If it became used in daily dealings all over the world?
Hence, many countries are trying to control the phenomenon of virtual currencies, and even prevent, or criminalize dealing with them, and seek to confront virtual currencies, quickly issuing their own digital currencies, representing their local currency, to emphasize their sovereignty in an important matter, which is the issuance of money, and the second thing is to confront Fraud and dirty money laundering, and according to the latest published figures, about 60 countries have decided to issue their own digital currencies.
The database of the World Bank, in 2020, shows that the dollar still ranks first in the formation of countries' foreign exchange reserves, despite the state of conflict between America and many countries with the largest balance of reserves.
At the top of these countries is China, which has the largest stock of foreign exchange reserves at about 3.35 trillion dollars, Japan 1.39 trillion, Switzerland 1.08 trillion, the eurozone 1.07 trillion, Russia 596 billion, and India 590 billion.
As for the report of the International Monetary Fund issued in July 2020, it confirms that the total international reserves amounted to 11.73 trillion dollars in the first quarter of 2020, and that the dollar’s share of these reserves was about 61.9%, while the Japanese yen’s share was about 5.6%, and the Chinese yuan It was the holder of the lowest share with 1.9% of the total global reserves of countries.
These data reflect the extent of confidence that the dollar enjoys with global central banks, as well as its role in the global economy, despite the decline it suffered during the era of former US President Donald Trump.
There are about 60 countries that have decided to issue their own cryptocurrency (Shutterstock)
American control
Although virtual currencies began as a technology and practice outside the United States, they gained great momentum thanks to American companies, individuals and institutions, and we found major American companies accepting these currencies in selling their products, such as Tesla, Intel, Microsoft (Microsoft), and others. Some individuals also had a major role in promoting virtual currencies, such as Elon Musk, and major universities have announced the monitoring of investments in these currencies, including Harvard and Michigan.
Which means that the largest role in this market is in the hands of America, and that the issuance of a law or decision on these currencies would raise dealings with them, increase their value, and grant them acceptance. And vice versa, the issuance of a decision banning its work, or restricting its acceptance, would reduce its value, and lose a lot of investments.
The future of the digital dollar
With the recovery of virtual currencies under American auspices, the administration of President Joe Biden, which is restoring the concept of "a strong America", will continue this competitive advantage that allows it to lead the global monetary system.
Therefore, we found Jerome Powell, President of the US Federal Reserve, recently revealing the issuance of a sovereign digital currency, and he says that the matter has been under study for months with a group of American universities and research centers.
We think that the studies that are conducted on the issue of digital dollar issuance do not concern the economic dimensions, because America believes that the step proves its position in controlling the monetary system in the world, but perhaps these studies are based on the tightness of the electronic system, and the avoidance of technological gaps in virtual currencies. , and to ensure the ability of the Federal Reserve to manage the new system.
Undoubtedly, in the case of issuing the digital dollar, this will have a bad impact on virtual currencies, which suffer from a decline in their value during the last period, due to the announcement of a good number of countries issuing digital currencies, and on top of these countries are America and China, the most famous virtual currencies. Bitcoin” had reached about $60,000 per unit, but its value has now fallen by nearly 50%, and has fallen under the $30,000 ceiling.
The digital dollar will ensure a better legal situation in the existing transactions market, and will pull the rug with large areas of virtual currencies, because it depends on a legal reference, and a large percentage of transactions based on it are swindling, fraud and illegal acquisitions, which may be provided by technology capabilities in the case of virtual currencies. .
The issuance of the digital dollar will lead to complete control over financial transactions and commercial settlements through it, because its database is under the supervision of the Federal Reserve, and there will be monitoring of transactions aimed at money laundering, and determining the paths and directions of all financial transactions that take place through the digital dollar, unlike Virtual currencies that are only available to some technicians involved in dealing with those currencies.
In the case of issuing a digital dollar, this will have a negative impact on virtual currencies (Getty Images)
Many countries will welcome the issuance of the digital dollar, as it is issued by a known entity, and from a country that still represents the largest economy in the world. The digital dollar will also restore things to normal in the issue of linking the issuance of money to the sovereignty of the state.
The competition between the expected digital dollar, with the rest of the digital currencies, remains within the framework of the traditional competition between America and other countries such as China and Japan, although the competition will continue to be governed by the fact that America is the largest producer of technology, and has a large percentage of global economic capabilities.
There is an important matter regarding the future of the paper dollar. It is difficult in the short and medium term for the existence of the paper dollar to disappear, due to the weak technological infrastructure of many countries, and even individuals. As in the case of virtual currencies, as they belong to a very limited number of dealers in the global market, the digital dollar will also be in its infancy, and for a period of time not short, for the reasons we mentioned.
In conclusion, the issuance of the digital dollar will be a confirmation of the continued supremacy of financial and economic globalization, under the auspices of America. Talking about a new global monetary system will remain just hopes far from reality, due to the American control, which will exercise its continuous role for more than 7 decades of controlling monetary and financial policies worldwide. LINK
KTFA Monday Night CC with Frank26 and Team "They are Telling Them: 7-19-2021
.KTFA:
KTFA Monday Night CC
Frank26: 7-19-21……THEY ARE TELLING THEM
This video is in Frank’s and Team’s opinion
Playback Number: 605-313-5163 PIN: 156996#
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
Trevor: what color is that suit???????????????????????????????????????
Clare: THE COLOR IS CHAMPAGNE - FRANK WILL EXPLAIN IT ON THE CC
KTFA:
KTFA Monday Night CC
Frank26: 7-19-21……THEY ARE TELLING THEM
This video is in Frank’s and Team’s opinion
Playback Number: 605-313-5163 PIN: 156996#
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
Trevor: what color is that suit???????????????????????????????????????
Clare: THE COLOR IS CHAMPAGNE - FRANK WILL EXPLAIN IT ON THE CC
Iobey777: I’m thinking it means it is time to Celebrate!! IMO!
KTFA Monday Night CC and more: "The Rest of the Phenominal Articles!" 7-12-2021
.KTFA:
KTFA Monday Night CC
Frank26: “THE NEXT SET OF PHENOMENAL ARTICLES”
This video is in Frank’s and Team’s opinions.
Franks team is Walkingstick, Petra, MilitiaMan and Eddie from Iraq.
Playback Number: 605-313-5163 PIN: 156996#
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
KTFA:
KTFA Monday Night CC
Frank26: “THE NEXT SET OF PHENOMENAL ARTICLES”
This video is in Frank’s and Team’s opinions.
Franks team is Walkingstick, Petra, MilitiaMan and Eddie from Iraq.
Playback Number: 605-313-5163 PIN: 156996#
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
Samson: The UAE decides to issue a digital currency and support the digital transformation of the financial sector
07/12/2021 13:05:06
The Central Bank of the Emirates announced its most important trends during the period from 2023-2026, through which it seeks to be among the top 10 central banks in the world, according to the Emirates News Agency (WAM).
The Central Bank’s directions in the coming years are based on achieving 7 goals, including issuing a digital currency and supporting digital transformation in the financial services sector, by adopting the latest technologies in artificial intelligence and big data.
The directions include “the use of technology in regulatory and insurance systems, and the use of digital identity infrastructure, to enhance financial inclusion and access to financial services faster and better.”
In addition to the "goal to develop a strong and secure financial cloud infrastructure for the financial and insurance sector services", the directions include supporting the green economy in the UAE, continuing to develop the financial infrastructure, and promoting innovations to support the UAE's competitiveness in this field. LINK
*****************
Samson: Question and answer.. What are the pros and cons of deleting zeros from the Iraqi currency? And what are the conditions for that?
12th July, 2021
Iraq is witnessing a severe financial crisis that began with the outbreak of the Corona virus last year and the decline in global demand for oil, which represents nearly 91% of Iraq's financial imports.
With the continuation of the financial crisis and the failure to pay the salaries of employees last year, the Iraqi government resorted to what was called the Iraqi government reform paper (the white paper), which included the devaluation of the Iraqi dinar against the US dollar, and the decision entered into force at the beginning of this year.
With the rise in oil prices globally, the Iraqi government has been thinking about long-term financial strategies that may protect the country from falling into a financial crisis that may be more influential, without specifying a date for the implementation of this step.
Saleh believes that deleting zeros from the currency is a necessary condition for reducing accounting numbers and facilitating arithmetic use
What are the conditions for deleting zeros?
Deleting zeros from the Iraqi currency requires the fulfillment of two conditions, according to Saleh. The first is price stability within the country, which means the stability of the dollar exchange rate against the Iraqi dinar, which is still witnessing relative volatility after the Iraqi government decided to raise the value of the dollar at the beginning of this year.
As for the second condition, Salj adds in his speech to Al Jazeera Net that it is represented by stability in political life inside Iraq, which is what is required to change the exchange rate from laws and political consensus and so on.
Why deleting?
In his interpretation of the reasons for deleting 3 zeros from the Iraqi currency (a dollar is equivalent to 1450 Iraqi dinars), Saleh comments, "The importance of deleting zeros from the currency and slimming its units as a necessary condition to reduce accounting numbers and facilitate arithmetic and the cost of managing new large numbers and the absence of small numbers and fractions."
He continues that the slimming of coins comes because of their role in sustaining the calculation of huge numbers of financial values that are not absorbed by ordinary computers due to the large number of decimal places and the emergence of many accounting errors, especially when dealing with trillions, which means that one number in front of it has 12 decimal places.
Regarding the importance of the deletion process and the extent of its realism, Saleh indicated that the Central Bank of Iraq put a project to delete 3 zeros from the Iraqi currency the subject of research and study a long time ago, after reviewing 54 international experiences since the end of World War II until now, the last of which was in Iran and before it. Turkey.
Rashid believes that the current economic situation in Iraq is not ready to delete zeros from the local currency
What effects?
For his part, a member of the Iraqi Parliament's Finance Committee, Ahmed Hama Rashid, confirmed that the current economic situation in Iraq is not ready to delete zeros from the local currency.
Hama Rashid continued in his speech to Al Jazeera Net that this process means withdrawing the current currency denominations and printing new ones, which requires huge funds to print them with technical specifications necessary to protect the currency from counterfeiting, in addition to the fact that replacing the currency will destabilize the monetary system, which may cause successive collapses, enslaving that The Central Bank of Iraq takes such a step.
A member of the Finance Committee, Jamal Cougar, agrees with this proposition by confirming that this step is excluded in the next two years at the very least for several considerations, as he believes that deleting zeros is an unworkable step, especially that changing the currency exchange rate led to a shock to the Iraqi street, and therefore Iraqis are not Prepare for another shock.
In an exclusive interview with Al-Jazeera Net, Cougar points out that the Iraqi economy does not have its own decision, and that many countries benefit from the current Iraqi currency in buying and selling transactions and others.
Cougar: The lower the number of currency numbers, the greater its strength among currencies in the economic perspective
What are the benefits?
As for the benefits, Cougar believes that the smaller the number of currency numbers, the greater its strength among currencies in the economic perspective. However, this requires strengthening the local economy inside the country and diversifying the sources of the Iraqi budget, which requires strengthening industry and agriculture as a preliminary condition for this step.
And about the extent of the benefit derived from this change in restoring the Iraqi cash block hoarded by the Iraqis or smuggled abroad, he explained that the international deal in the Iraqi currency is not related to the number of zeros as much as it relates to the strength of investments inside the country and the size of the Iraqi product exported abroad.
Cougar gives an example of this: Turkey, which deleted zeros from its currency years ago, has embarked on building a diverse and large economy and investments, and this is different from the Iraqi situation, whose currency is not found in global currency exchanges so far.
On the other hand, Abdul Rahman al-Mashhadani, a professor of economics at the Iraqi University, believes that deleting zeros will save the state the costs of transferring the Iraqi currency between the central bank and government and private banks.
Al-Mashhadani continues in his speech to Al-Jazeera Net that deleting zeros may lead to a decline in Iraqis' demand for the dollar for the sake of hoarding, as the Iraqis currently keep the dollar for ease of preservation, while preserving the same value in the Iraqi currency requires greater storage capacity, pointing out that this is conditional on printing cash denominations. A new denomination with a value higher than what is currently available was to print a denomination of 200 dinars (equivalent to 200 thousand dinars in the current currency), which requires 4 banknotes of a denomination of (50 thousand).
Al-Shamaa believes that deleting zeros from the currency will not do anything for the Iraqi economy
Who is the loser?
In every economic equation, the profit and loss ratio is calculated, which is what the economist Hammam Al-Shamma points out that this ratio will not be equally present in the equation, warning of psychological disturbances in the Iraqi market in the event of zeros being deleted.
Al-Shamma comments to Al-Jazeera Net, "Deleting zeros from the currency will not provide anything for the Iraqi economy, but rather it will cost the Iraqi state huge money to print a new currency without this having a clear impact on the local economy."
Al-Shammaa points out that the competitiveness of Iraqi goods against the imported ones will not witness a positive change inside the country, especially since international transactions are mostly made in US dollars.
This is confirmed by Abdul Rahman Al-Mashhadani, professor of economics at the Iraqi University, and adds that competition with imported goods depends on the local product and its strength, pointing out that Iraq does not have industries that can compete with imported goods and overcome them in terms of quality, price, and state protection for them, according to him.
Returning to Ahmed Hama Rashid, where he believes that deleting zeros from the currency will not be in the interest of the government currently, inferring that Iraq has 80 trillion Iraqi dinars from multiple monetary categories, and that printing 5 trillion dinars from the category (50 thousand) cost the Iraqi government 60 million dollars At that time, the cost of the rest of the denominations will be much greater, given that printing each denomination costs approximately (6 US cents) on average, according to him.
Who is the winner?
In contrast to the losing party, Al-Shammaa believes that the government may derive limited benefits from deleting zeros, which is that the government and the central bank will face fewer problems in the accounting system and final accounts with limited zeros and small accounting numbers.
The last proposition is consistent with what was revealed by the economic advisor to the Prime Minister that the hyperinflation that hit the Iraqi economy in the nineties of the last century added 3 numbers to the Iraqi monetary unit, while the small categories disappeared from circulation completely, as the category (250 dinars) became smaller.
A monetary unit in daily circulation inside the country, which raised the cost of micro-transactions, as well as the inflation caused by the appearance of the huge numbers circulating in the accounting system inside the country. LINK
Clare: AWESOME TO SEE THIS!!! ..........THIS IS EXACTLY WHAT WS & FRANK TOLD US TO EXPECT!!
A FEW WEEKS AGO!!! Imo THANK SAMSON!
Saturday Night KTFA CC with Frank26 and Team "The Power" 7-10-2021
.KTFA:
FROM FRANK: GREETINGS FAMILY....TONIGHT I WILL DO A UB2B @7PM EST. (See Below)
WHERE I WILL PLAY A RECORDING TO TAKE OUR KTFA FAMILY TO THE NEXT LEVEL. I'VE INVITED MM & PETRA, TO DISCUSS THE INFORMATION WE ARE ABOUT TO RELEASE.
YOU DON'T WANT TO MISS WHAT WE HAVE TO SHARE TONIGHT BECAUSE IT WILL HELP YOU UNDERSTAND OUR NEXT MONDAY CC...IF NEEDED.......FRANK26
KTFA:
FROM FRANK: GREETINGS FAMILY....TONIGHT I WILL DO A UB2B @7PM EST. (See Below)
WHERE I WILL PLAY A RECORDING TO TAKE OUR KTFA FAMILY TO THE NEXT LEVEL. I'VE INVITED MM & PETRA, TO DISCUSS THE INFORMATION WE ARE ABOUT TO RELEASE.
YOU DON'T WANT TO MISS WHAT WE HAVE TO SHARE TONIGHT BECAUSE IT WILL HELP YOU UNDERSTAND OUR NEXT MONDAY CC...IF NEEDED.......FRANK26
**********
Saturday Night KTFA CC
Frank26: 7-10-21……THE POWER
Special guest “Iceman”
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
KTFA Members Thursday Afternoon 7-8-2021
.Dinar Recaps: Our prayers and condolences to Eagle1’s friends and family. May he rest in peace.
KTFA:
Frank26: GREETINGS FAMILY ..........IT IS WITH A HEAVY HEART THAT I REPORT TO YOU THAT JUST A FEW HOURS AGO OUR BROTHER IN CHRIST REGNER ALSO KNOWN AS EAGLE1 HAS GONE HOME TO BE WITH OUR HEAVENLY FATHER.
PLEASE KEEP HIS WIFE AND FAMILY IN YOUR PRAYERS.
WE WILL MISS YOU BROTHER REGNER BUT IN THE BLINK OF AN EYE.......WE WILL BE WALKING WITH YOU ON THOSE STREETS OF GOLD BUT UNTIL THEN...........WE REMAIN STRONG IN CHRIST FOR OUR SALVATION AS WE SEEK THE GLORY AND GRACE OF GOD UPON US....................................AND THE GOLDEN ROAD OF GOD'S PATH FOR OUR LIVES...........AMEN. FRANK26
Dinar Recaps: Our prayers and condolences to Eagle1’s friends and family. May he rest in peace.
KTFA:
Frank26: GREETINGS FAMILY ..........IT IS WITH A HEAVY HEART THAT I REPORT TO YOU THAT JUST A FEW HOURS AGO OUR BROTHER IN CHRIST REGNER ALSO KNOWN AS EAGLE1 HAS GONE HOME TO BE WITH OUR HEAVENLY FATHER.
PLEASE KEEP HIS WIFE AND FAMILY IN YOUR PRAYERS.
WE WILL MISS YOU BROTHER REGNER BUT IN THE BLINK OF AN EYE.......WE WILL BE WALKING WITH YOU ON THOSE STREETS OF GOLD BUT UNTIL THEN...........WE REMAIN STRONG IN CHRIST FOR OUR SALVATION AS WE SEEK THE GLORY AND GRACE OF GOD UPON US....................................AND THE GOLDEN ROAD OF GOD'S PATH FOR OUR LIVES...........AMEN. FRANK26
Don961: Abdul-Hussein: The Iraqi economy has gone through several stages, which made it rentier and dependent on oil
Abdul Hussein: There is an increase in population growth by 3% annually and our resources are limited
Abdul-Hussein: The white paper included analyzing and diagnosing economic problems and identifying effective solutions
Abdul-Hussein: We are working with the various ministries to identify projects for the official announcement of the actual implementation of the White Paper
Abdul-Hussein: Very soon, the implementation of the white paper will actually be announced
Abdul-Hussein: There are central and sub-committees to implement the white paper
Abdul-Hussein: The projects included in the white paper are of a professional, not political, character
Abdul-Hussein: The continued rise in oil prices is almost able to bridge the budget deficit
Abdul Hussein: Reducing the dollar exchange rate is unlikely because it was approved in the budget link
************
Don961: The Iraqi government decides to reduce the exchange rate of the dollar
Posted 54 seconds ago 10,513 Policy 2021/07/07
22:58 Baghdad today - Baghdad
Today, Wednesday, the economic advisor to the Prime Minister, Alaa Abdel Hussein, ruled out decreasing the dollar exchange rate because it was approved in the budget.
Abdul-Hussein said, in a televised statement, followed by (Baghdad Today), that "the continuation of the rise in oil prices is almost able to bridge the budget deficit , " noting, " Over the past decades, Iraq has suffered from economic problems, as the Iraqi economy has gone through several stages of what Make it rentier and dependent on oil.”
He pointed to "an increase in population growth by 3% annually, and our resources are limited," noting that "the white paper included analyzing and diagnosing economic problems and identifying effective solutions, as the government is working with various ministries to identify projects for the official announcement of the actual implementation of the white paper."
He stressed, "The announcement of the actual implementation of the white paper will be soon, as there are central and sub-committees to implement the white paper, which includes projects of a professional and not political nature." LINK
Samson: Experts: The implementation of the white paper needs an appropriate economic environment
7th July, 2021
An advisor to the Federal Prime Minister revealed that the white paper will be effectively implemented, while experts stressed the need to create an appropriate economic environment before the implementation begins.
The Iraqi News Agency quoted the Prime Minister's economic advisor, Alaa Abdul Hussein, as saying that "the white paper included analyzing and diagnosing economic problems and identifying effective solutions," noting to work "with the various ministries to identify projects for the official announcement of the actual implementation of the white paper," stressing "very soon."
The actual implementation of the white paper will be announced," he said, noting that "there are central and sub-committees to implement the white paper," noting that "the projects contained in the white paper are of a professional, not political, character."
For his part, the head of Iraqi businessmen, Daoud Abdul Zayer, stressed that the white paper needs an economic environment, take decisions and issue legislation to improve this environment.
In an interview with PUKmedia, Daoud Abed Zayer said that today, Thursday, "the economic approach found in the white paper needs an investment economic environment and requires decisions and some legislation to improve this environment," noting that "there are problems diagnosed and solving them through the white paper requires work, After this work is done, the results are visible."
He added, "When we say we start, what do we start with? We have a non-economic environment and there is extravagance, corruption and misplaced support, and we need to amend some laws, and on this basis the results of the white paper will appear."
He believes that squeezing government spending and bringing it to sufficiency of government revenues is the white paper that the state was supposed to adopt, and not on the basis of receiving oil revenues and converting it into operational and spending budgets, stressing that a plan was supposed to be drawn up to curb government and operational spending as much as internal resources and adopt On oil resources in developing the national economy through major projects that absorb unemployment and graduates.
For his part, head of the Media Center for Media Development, Adnan Al-Sarraj, believes that the white paper did not take sufficient space for explanation and discussions.
Al-Sarraj said in an interview with PUKmedia, that the white paper is an attempt by Prime Minister Mustafa Al-Kazemi and his economic and financial team, as he presented it from the first day he took over the premiership, noting that this white paper did not take sufficient space for explanation, discussions and in-depth studies by economic specialists, whether In Iraqi universities, research centers, or at the level of international studies, to compare them with other experiences.
He added that he did not fully disclose the terms of the white paper, and ambiguity is the dominant position in the interpretation of the white paper, and some of the items that were announced were subjected to severe criticism from other powers, in addition to the lack of comprehensiveness of the white paper with the time limit and the nature of international relations and other measures. He added that there were attempts to link the white paper to the processes of changing the value of the dinar against the dollar, issues related to housing, and areas related to supporting the retired and the poor, and others, but this was not in the way that the citizen aspires to.
On October 14, 2020, the Federal Council of Ministers approved new mechanisms for economic reform called the "White Paper", which he said includes "hundreds of measures to revive the Iraqi economy" and invest the country's "enormous resources" in a "scientific way". And the government spokesman at the time, Ahmed Mulla Talal, announced that the white paper extends to 100 pages, and its implementation period is supposed to be 3-5 years. LINK
Fleming, Frank26 and MarkZ Wednesday Night 7-7-2021
.Fleming Wednesday RV Report:
Our military intel contact said that we need to be watching for the shotgun start and T4B notifications Thu and Fri 8-9 July as F&Ps (Fines & Penalties and Adjudicated settlements) are due to be paid into accounts overnight tonight Wed 7 July, and if it’s confirmed that they are paid out, they are to be followed in the RV release sequence by the German bonds and Yellow Dragon Bonds being paid out and access given to bond holders, at the same time that T4B 800# link notifications go out;
As MarkZ’s bond holder sources said as of this morning Wed 7 July, bond holders are being told to stay in place at their banking centers and to watch for their bond payout funds to be made available at any moment—SO WE ARE IN A REALLY GOOD PLACE RIGHT NOW.
Fleming Wednesday RV Report:
Our military intel contact said that we need to be watching for the shotgun start and T4B notifications Thu and Fri 8-9 July as F&Ps (Fines & Penalties and Adjudicated settlements) are due to be paid into accounts overnight tonight Wed 7 July, and if it’s confirmed that they are paid out, they are to be followed in the RV release sequence by the German bonds and Yellow Dragon Bonds being paid out and access given to bond holders, at the same time that T4B 800# link notifications go out;
As MarkZ’s bond holder sources said as of this morning Wed 7 July, bond holders are being told to stay in place at their banking centers and to watch for their bond payout funds to be made available at any moment—SO WE ARE IN A REALLY GOOD PLACE RIGHT NOW.
He said his info matches that of Holly’s sources and TX Snake’s sources that F&Ps are to be paid out overnight if all goes to plan and when that is confirmed it will be party-time for us in T4B:
TX Snake Wed 7 July, “Personally not involved in Fines & Penalties but have had several folks who follow that advising me that they are to be released overnight tonight [Wed 7 July], they have promised to advise as soon as they have confirmation. Over the years it has been said those items [legally] had to go before we could expect our notices. Texas Snake”
He said that the military (CENTCOM and NORTHCOM) has quietly put the military at DEFCON 1 behind the scenes today Wed 7 July in preparation for lockdown of rates and procedures for exchanges to start and for the shotgun start; publicly the military is only reporting DEFCON 4 but behind the scenes they went up to DEFCON 1, the highest level of military war footing to be ready to combat Deep State reactions to the RV / GCR release;
He confirmed that Iraqi special forces and US special forces operators have gone after, and are shutting down, the Deep State Iranian backed militias that have hammered Iraq with missles over the past 72 hours; Iraq released globally it’s digital gold-backed Dinar today Wed 7 July, as Bruce’s sources said, and the Deep State went right to work to attack in response, but Spec Ops are taking them down effectively right now, he said.
He said it’s not a matter of RV teams “deciding if they are going to release the RV,” it’s a matter of WHEN to release the shotgun start in the coming hours or days; again he does not know the exact timing but IT IS BEING MOVED FORWARD OVERNIGHT THROUGH THE REST OF THIS WEEK—so KEEP PRAYING he said.
Again he said keep prayers going up as we are AT THE END OF THIS ARDUOUS PROCESS and we are about to BREAK THROUGH TO THE LONG-AWAITED BLESSING.
Courtesy of Dinar Guru
Frank26 The word "mechanism" when translated in the Middle East means it's a plan. And that's the plan for the monetary reform. - to use all these mechanisms...QFS...The special drawing rights...digital currency...Swift system...countries pouring into Iraq - none of these things have ever been anywhere near reality. Why now? What is it that is so different today than it was just two years ago? They're Article VIII. Now does that mean they lifted the value of their currency? IMO on the second set of books you're darn right they have! And they're going to do it now on their original set of books, announce it to the world and make it retroactive. They are getting closer and closer...
**************
Wednesday Evening Update with MarkZ with a drop in by Rod Steele
7/07/2021
MZ: From Zimbabwe Central Bank today….Royal Bank of Zimbabwe introduces today a new Zimbabwe 50.00 dollar note: 360 million dollars of these new 50 dollar Zimbabwe notes. They supposedly voted on this bill yesterday….but surprisingly had this many already printed and ready to go with all kinds of cool security features to release into circulation today. . This is 2 days in a row with lots of strange movements out of Zimbabwe which I think is interesting. I think it means something.
MZ: Lots of group leaders and bond redemption folks with great anticipation …..nothing yet from Europe but they are looking forward to what tomorrow may bring.
MZ: We are expecting historic bonds to start picking up.
Rod Steele joins the stream tonight….please listen to the replay for his information and update.
Monday Night Frank26 CC " Know When to Hold 'Em- Know Why to Fold 'Em" 7-5-2021
.KTFA
KTFA Monday Night CC :
Frank26: 7-5-21…….KNOW WHEN TO HOLD ‘EM…………….KNOW WHY TO FOLD THEM
This video is in Frank’s and team’s opinion
Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq.
Playback Number: 605-313-5163 PIN: 156996#
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
KTFA
KTFA Monday Night CC :
Frank26: 7-5-21…….KNOW WHEN TO HOLD ‘EM…………….KNOW WHY TO FOLD THEM
This video is in Frank’s and team’s opinion
Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq.
Playback Number: 605-313-5163 PIN: 156996#
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