KTFA Members "News and Views" Wednesday 11-10-2021

KTFA:

Samson:  Al-Zubaidi Talks About The Imminent Overthrow Of Major Corruption Heads, "No One Expected That They Would Fall"

10th November, 2021

The former Minister of Interior, Baqir Jabr Al-Zubaidi, revealed, on Wednesday, the imminent overthrow of a corruption network related to the oil sector, indicating that this network will topple large heads that no one expected that it would fall.

Al-Zubaidi said in a post on his page on the social networking site "Facebook", which was seen by "the information", that "the most optimistic thing is the information that we receive, which speaks of the imminent submission of the corruption network that afflicted our oil sector to justice, which will topple large heads that no one expected it to be." You will fall.”

He added, "All indicators point to a political and economic breakthrough," stressing that "oil prices will continue to rise, which means that there is no need for external borrowing, provided that the oil file is managed wisely and the catastrophic gaps left by the notorious oil licensing rounds and the corruption that has prevailed over the years are addressed."

The latter in the oil sector, which means the ability to restore the exchange rate of the dollar against the dinar to what it was.”

On the other hand, Al-Zubaidi explained, “The military and political victories in Yemen and Syria reveal that the balance of power does not depend on oil money and the weapons of the developed great powers, but rather depends on the true belief in the just cause and its defense.”   LINK

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Samson:  London is looking with the Bank of England to issue a digital currency

9th November, 2021

The British Ministry of Finance announced that it will launch discussions next year with the Bank of England about issuing a digital currency.

The Bank of England said: "No decision has yet been taken to introduce a digital currency issued by the UK's central bank."

He added, "The earliest date for launching a digital currency is the second half of the current decade."

LINK

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Samson:  America warns of a new danger forming in China

10th November, 2021

The Federal Reserve has warned that the potential repercussions of problems in China's real estate sector could reach and harm the US financial system.

The debt-laden Chinese company Evergrande has caused panic among global investors since the summer of this year, as it has been trying to avoid defaulting on its debt.

Meanwhile, other Chinese developers have struggled to repay their debts, raising fears of broader spillovers in the world's second-largest economy, of which a quarter is made up of real estate.

The Federal Reserve said in its latest financial stability report that real estate pressures in China may affect the Chinese financial system, with potential repercussions for the United States, according to CNBC.

The report pointed to the size of China's economy, its financial system and the global trade links associated with it, and how these factors could be a reason for transmitting the negative repercussions of any turmoil in the country.

The report touched on the financial conditions of the United States, where stock prices have reached historic levels and risks have arisen from the accelerated growth of stablecoins, which are digital currencies linked to a fixed value such as the US dollar.

The post America warns of a new danger forming in China appeared first on the independent press agency.  LINK

Frank26:  "I TOLD YOU SO!!!"........F26

The Iraqi banking floor is not eligible for Bitcoin trading, and the Central Bank warns against trading.

- 5 Days Ago  Researcher Shatha Khalil*

“Bitcoin” is a decentralized digital currency based on blockchain technology or “Blockchain”, and this system is characterized by a limited number of its currencies and the absence of any manager for it. It is trading at levels as high as $146,000 if established as a safe investment asset.
“Bitcoin is a digital currency, a global payment system that can be compared to other currencies such as the dollar or the euro, but with several basic differences, the most prominent of which is that this currency is a completely electronic currency that only trades online,” and that it is “the first decentralized digital currency – it is A system that works without a central repository or a single manager, meaning that it differs from traditional currencies by not having a central regulatory body behind it as it operates on a peer-to-peer system.”

According to international reports, “the value of bitcoin has risen from 6 cents 11 years ago to nearly $33,000 so far, and the number of bitcoin units is 18,590,169 units, i.e. the market value of bitcoin is $630 billion. The value of bitcoin exceeds international companies such as Visa, Master and Pay.” Paypal, and it occupies the ninth place globally in terms of market value, and international companies have begun to invest in bitcoin, for example, the British Raffer Company, which invested $ 745 million, and other companies have allowed to deal with bitcoin such as PayPal, which makes the demand for it increases.

As for Iraq, the Central Bank expressed its fear of trading in this currency, which has no physical presence and is used for online purchases and supports payment using Bitcoin cards, or it may be converted to traditional currencies at times and therefore it involves several risks that may result from its circulation, especially with regard to electronic piracy.

 And fraud, and despite its lack of popularity inside Iraq, the Central Bank of Iraq warned on its official website against dealing with virtual digital currencies (Bitcoin) because of the great risks, especially with regard to electronic piracy and fraud.

One of the central concerns is also that most of the official websites that sell this currency add Iraq to the ban list, so it is currently being purchased through some trust brokers from outside or inside Iraq, and the Iraqi investor in the coming period may be vulnerable to fraud and fraud by people or websites Fake".

Where the Central issued a circular to subject its dealers to the provisions of the Money Laundering Law No. (39) of 2015, and the relevant laws in this regard.

Bitcoin prices continued to rise to their highest levels since the beginning of last May, by about 55 thousand dollars, and it seems that the sharp rise wave reached all other digital currencies.

Cryptocurrency specialists oppose the decision of the Central Bank of Iraq; Because he did not put an alternative to encrypted digital dealing, since many Iraqis invest and trade in encrypted digital currencies, estimated at millions of dollars through global platforms - according to him - which have crossed governments and borders as a result of modern technology and economic globalization.

The specialists also called on the Central Bank of Iraq to plan to issue a digital currency called “the digital dinar” and not an encrypted digital currency, in order to get rid of the paper-cash bureaucracy, as well as to reduce currency counterfeiting instead of going to punish those trading the digital currency with the crime of money laundering.

Digital currencies are defined as currencies issued by the state through central banks, and they have a different security system than encrypted digital currencies, which are known as “non-state currencies”, issued by companies and individuals, and they are not ready to be obtained except through the mining process through which they are entered New currencies are in circulation, via sophisticated computers that solve very complex mathematical problems.

Major economies such as the United States, China and the European Union soon began studying the issuance of their own digital currencies by central banks, and dealing with them.

The Central Bank of Iraq’s issuance of such a circular or “decision” makes the trader or dealer in the virtual currency illegal in the country due to fears of electronic piracy and fraud, and despite the lack of popularity of it inside Iraq as it is a currency of issuance, or in a more correct sense, currency mining needs advanced computers and electricity Continuous 24 hours and to the use of advanced technology and to continuous updating, and we know the many crises that Iraq is going through, which are accumulated crises and constitute an obstacle to any development. 

Where digital transactions depend entirely on a sophisticated electronic system subject to the highest standards of cybersecurity, at a time when the Iraqi banking system needs continuous technological update.

Among the companies that are currently trading are international and Iraqi forex companies, but trading is more difficult than storing currency, which needs to study and learn, and then start dealing with forex platforms.

Bitcoin has risen about 200% since last year 2020, buoyed by demand from large investors, who were attracted by the currency in the hope of quick gains, and thanks to expectations that it will become a dominant payment method in the world.

Some specialists in Iraq say that more than 80 governmental and private banks (commercial and Islamic), in addition to branches of foreign banks, have an undeveloped electronic system, at the same level as the world has reached in the banking sector.

And the largest cash flow, which amounts to 80%, is limited to the two government banks, “Al-Rafidain and Al-Rasheed”, who so far deal with paper records in documenting their banking transactions, so how can they deal with digital currencies whose value moved days to reach 50 thousand dollars for one digital currency, and observers confirm.

There is a weakness in some Iraqi banks in terms of non-compliance with international rules and standards, which need development and follow-up due to continuous updating of requirements and development in international standards, but this will not affect the work of the Iraqi banking sector.

The Iraqi economy in general suffers from the negative effects of money laundering crimes and the financing of armed and outlawed groups; The Central Bank of Iraq, according to specialists in Iraqi banking affairs, has sought to take many deterrent measures and implement the relevant laws to combat money laundering crimes that threaten financial stability in Iraq.

Economic Studies Unit

North America office

Rawbet Center for Research and Strategic Studies

LINK

Monday Night KTFA CC "Welcome To The Other Side Continues" 11-8-2021

KTFA

Monday Night KTFA CC

11-8-21…….WELCOME TO THE OTHER SIDE CONTINUES…

This video is in Frank’s and his team’s opinion only

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

https://www.youtube.com/watch?v=AHgch7vI7P0

Thursday Night KTFA CC with Frank26 "Only The CBI Governor" 11-4-2021

KTFA

Thursday Night KTFA CC

11-4-21….ONLY THE CBI GOVERNOR

THIS VIDEO IS ALL IN FRANK'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

https://www.youtube.com/watch?v=ZGpvC9xbJxQ

Tuesday Night KTFA CC "CBI Gov Still Talking to Citizens" 11-2-2021

KTFA

Tuesday Night Video with Frank26

“CBI GOV STILL TALKING TO CITIZENS”

This video is in Frank’s and his team’s opinion only

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

https://www.youtube.com/watch?v=Sr-srDWZ2R0

Judy, Frank26 and more Tuesday Afternoon 11-2-2021

RV Excepts from the Restored Republic via a GCR: Update as of Tues. 2 Nov. 2021

Compiled Tues. 2 Nov. 2021 12:01 am EST by Judy Byington

Judy Note: The latest rumor was that on Wed. 3 Nov. at 9:30 am the QFS would be put into place. Nesara would kick in somewhere around Wed. 3 Nov. or Thurs. 4 Nov. and the EBS would go off somewhere in there and by Thurs. 11 Nov. The Alliance has promised us Christmas in November and remember, “The Military is the Only Way.”

Whiplash347: The Storm is almost here. Make sure you have the necessities. 2 to 3 weeks worth. The Military will also supply food and supplies. We are going to Full Global Martial Law, changing over from Crown Maritime Law to 1776.

We are going to gold/asset-backed standard, not gold standard. Big difference between those two. Gold standard can still have exchange rates manipulated via manipulation of gold price.

Supply Chain issues could last as long as the Pandemic. You were advised to store food and supplies for you and others.

Simon Parkes: “All currency test-runs done. HSBC will lead the process. [Hong Kong & Shanghai Banking Corp.] U.S. on full alert for the Redemption process. Temple Texas—NOT Reno—sets it off. DOD & Military is pushing everything out tomorrow (Fri. 29 Oct. 2021). Heavy roundup happening of remaining Deep State Cabal as NESARA is fully installed. United States Navy ready to go. Gold-backed currency locked in. Lots of it (_?) funded. Advanced healing technologies making its rounds. Humanitarians worldwide will be funded.”

Mon. 1 Nov. MarkZ: We are expecting a lot of movement in both Reno and Miami today. In Zurich they are still sitting on their hands waiting. Many received funding last week and I know some who are expecting funding later on today.

Monkey works said that over the weekend there was a lot of movement of military planes ….very strange things are afoot.

I hear Nesara kicks in somewhere around Wed. 3 Nov. or Thurs. 4 Nov.

There are a number of banks that are closing retail spaces unexpectedly. ATMs are closing then opening….strange things going on.

There have been a lot of resignations in key positions in several banks as repo operations are being shut down. 

Redemptions will take place at the same time all over the world.

We actually have people receiving money now on the bond side…..real funds in their pockets.

Holly: Reports state that the First basket contains: Afghanistan Afghani (AFN), Kuwait I Dinar   (KWD), US Dollar (USD), Russian Ruble (RUB), Chinese Renminbi, or Yuan (CNY), UK  British Pound/Pound Sterling (GBP), Qatar I Rial (QAR), UAE Emirate Dinar (AED),  India Rupee (INR); Indonesian Rupiah (IDR), Canadian Dollar (CAD), Mexican Peso  (MXN), Venezuela Bolivar (VEB), Brazil Real (BRL), Saudi Arabia Riyal (SAR), Malaysian   Ringgit (MYR), Iranian Rial (IRR), Iraqi Dinar (IQD), Vietnamese Dong (VND), and Zimbabwe ZIM/Bond.  I am told the Hungarian Pengo is also included in the list.

Restored Republic

NESARA/GESARA: Expected to kick in worldwide around Wed. 3 Nov. or Thurs. 4 Nov.  G.E.S.A.R.A LAW was signed off at the HAGUE (International Court Of Justice) by all World Leaders. Win by any means necessary. Flipping of 1871 Act of England. Flipping of Balfour Declaration. Capturing of the TITLE 4 FLAG.

Supply Chain Issues Could Last as Long as Pandemic: https://m.theepochtimes.com/supply-chain-issues-could-last-as-long-as-pandemic-transportation-secretary-pete-buttigieg_4079067.html

Read full post here:  https://dinarchronicles.com/2021/11/02/restored-republic-via-a-gcr-update-as-of-november-2-2021/

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Courtesy of Dinar Guru

Frank26    Mustafa, the governor of the Central Bank of Iraq, came out and told the Iraqi citizens about 4 days days ago we are taking your currency back to the glory days...the CBI shows inflation is under control...the GOI showing that we have security and stability because of the military and the leadership with Kazemi and now we have the governor of the Central Bank of Iraq repeating the same words that were said...11 years ago [by Shabibi].  That is a full circle.

Militiaman  Article:   "Mazhar Saleh : The rise in oil prices revives investment... and the financial surplus to reduce unemployment"  This is part of the security they need to support the value of the DINAR... They are mentioning that to restart the projects at the current dollar exchange rate would be an additional cost to the state. Hence, support again for the new exchange rate to be implemented now and not later...

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KTFA:

Samson:  US bank expects oil price to rise to $120 per barrel

2nd November, 2021

Investment bank "Bank of America" ​​expects oil prices to rise in the middle of next year to $120 a barrel

And the agency “Bloomberg” quoted the US Bank as saying that the global energy crisis led to a sharp rise in gas and coal prices around the world, which contributes to a rapid recovery in oil futures prices

Increased demand for gasoline, diesel and jet fuel, along with constraints on refining capacity, is also accelerating the rise in oil prices in 2022, according to the bank

The bank added for comparison, oil prices are currently trading at the level of $85 a barrel, and this is accompanied by an increase in demand for black gold

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Samson:  In Dhi Qar.. 3 former governors and dozens of employees were referred to the Integrity Courts

2nd November, 2021

The Office of Dhi Qar Governorate revealed, on Tuesday, the referral of three governors and dozens of government employees to the competent Integrity Courts.

According to an official document received by Mawazine News, a copy of it, the legal department has worked since Dr. Ahmed Ghani Al-Khafaji assuming the position of governor of Dhi Qar in April of this year to refer three former governors to the competent courts against the background of some legal problems, as well as referring one hundred and fifty employees to Integrity Investigations Office in the province.

The document showed the referral of twenty-five other employees to the trial courts against the background of moving cases from the legal department.   LINK

Warning : A 2 Quadrillions Debt Bubble by 2030

The Survival Economist:  Premiered Nov 1, 2021

Central Banks are the new Feudalism. All property is being concentrated into a few hands via Fiat and zero interest. Serfdom is the endgame.

Central bankers were handed the Midas curse half a century ago. Midas turned everything that he touched into gold– even his own food.

Exactly 50 years ago (15 Aug, 1971) central bankers were handed a much worse curse by Nixon. But instead of turning everything into gold, their curse was to turn all real assets, including gold, into worthless paper, creating the perfect setup for this central bank endgame.

It Matches Klaus Schwab's "Great Reset" agenda of "you will own nothing and will be happy". But it is not just central banks blowing bubbles. Because the whole world has become a bubble.

 It took 2000 years to reach $100 trillion global debt and most of that is accumulated since 1971. Then 50 years later, global debt trebled to $300 trillion.

I am projecting 2 quadrillions or more in the next 4-9 years. Sounds massive and sensational, but the math is simple. If we add unfunded liabilities of at least $200 trillion globally , plus total derivatives of at least 1.5 quadrillions, that takes us to 2 quadrillions.

As the derivatives bubble explodes, or rather implodes in the next few years ,as we hit the central bank endgame, all that money will be printed by central banks in a futile attempt to save the financial system.

https://www.youtube.com/watch?v=x6lmb992L0Q

Monday Night KTFA CC "Welcome to the other Side" 11-1-2021

KTFA

Monday Night KTFA CC with Frank26

FRANK26…..11-1-21 WELCOME TO THE OTHER SIDE

This video is in Frank’s and his team’s opinion only

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

Frank is wearing orange and black tonight

https://www.youtube.com/watch?v=Xf2io48_iJk

Frank26, MilitiaMan and Petra: "One Small Piece will Ignite the World" 10-25-2021

KTFA:

Frank26:  "WHY DIDN'T THE CBI ALSO REMOVE THE 1, THE 10, THE 20, AND THE 100, 250 AND 500.....BECAUSE THEY WILL COEXIST WITH THE NSCN's".(new small currency notes) .....F26

The 5 and 10 thousand dinars denominations disappeared from the ATMs

Saturday 23 October 2021

Baghdad: Mustafa Al-Hashemi

Recently, there have been cases that the citizen was not familiar with, since the spread of ATMs throughout Iraq, represented by the disappearance of small and medium groups (from 1000 to 10 thousand dinars), which may bring back to the scene the scene of mistrust between the public and private banks, specifically, because of The latter's failure to provide all cash denominations in its ATMs.

Citizen B says: I (employee) “When I receive a message or a notification on my phone that my salary has been launched, I immediately go to the nearest ATM to withdraw the salary for the purpose of fulfilling my financial obligations that require cash (cash).

i added. To “Al-Sabah” that “the ATMs of the bank to which I settled my salary, are devoid of small and medium cash groups (1000 to 10 thousand dinars), and I do not know the reason, although withdrawing them as liquidity may differentiate among some who complain of the deterioration of their living conditions.”

And he added, "This case brings to mind the issue of citizens' trust in private banks, which has been shaky since the collapse of a number of them in previous years, which calls for a review of the issue of financial inclusion in the smallest details, especially the salary settlement clause."

For his part, the banker Hussein Najm believes that “these cases may occur in some private banks for accounting purposes or to facilitate the payment of the salary in the largest possible categories, and to facilitate filling the exchange with cash from those categories, as it will become lighter when transferred.”

Negm pointed out that "this case can be explained by the fact that banks encourage the public to adopt a saving policy, which has been absent from the family economy scene since the nineties of the last century, or it may be one of the problems or challenges of settlement and the banking system in general."

In turn, the expert in economic affairs, Dr. Hussein Al-Khaqani, said that there is a source of individual financial waste, represented by the electronic payment card holders of employees and retirees. When a notification is received of the release of the salary, the card holder quickly resorts to receiving his salary in cash from the exchange offices minus the commission.

Al-Khaqani added, “Perhaps the most important reason for this is the lack of electronic payment card readers, which are supposed to be available at all official authorities and the private sector, to collect their debts, such as malls, large and small shops, even taxi drivers, stores selling vegetables and fruits, ovens, restaurants, and even traffic departments and the collection of water fees. Electricity, payment of transaction fees and tax collection.

He stressed that “the banking automation process in Iraq is deficient due to the imposition of electronic cash dealings on employees and retirees, in exchange for limiting cash withdrawal points to outlets and ATMs and not providing them in all the aforementioned stores and agencies, which widens the cash gap between citizens and banks.”LINK

FROM MM & PETRA (10/24/21):

The mechanism, which calls for adopting comprehensive solutions represented in circulating the credit card reader to all cash transactions, in a way that encourages dealing with electronic cash. ….

” Al-Naimi explained to “Al-Sabah” that “credit card readers” devices are only available at salary distribution outlets only, while the success of automation requires the dissemination of these devices to all shops, markets, filling stations and every party that deals with “cash”, which would reduce Financial losses, and tangible development on the ground, not just on paper. interbank market For his part, the banker, ….

MilitiaMan:  As I have shown in posts… …. The banking reality in the country needs to activate the interbank market to be a platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq on the one hand, and to increase cooperation between banks and improve their ability to diversify financial services to their customers.

On the other hand, attracting commercial and financial operations available in the market. …. The USA and Japan connection are about implementation..imo ….. The need to activate is the focus ….

Salih today spoke of digital Dinar …. Electronic financial market…. ….

G7 talked of a guideline in regards to digital trade (currency) ….

Salih speaking out about digitization? Lol yep ….. Down to tracking to the penny.. or did he mean Fil? ……

The ust data supports that they are full capable of implementing a digital economy and are expecting it to be about Iraq but not all about Iraq!! Watch..imo … Militia-Man

Petra:  Thanks MM! Just jumped and thought I’d say hi ….PETRA

MilitiaMan:  Let’s think like digitization would think.. ….. It is about communication ...There is going to be a time where a synchronized event takes place ….. One that will have payments, settlements, taxes, fees, customs, futures contracts, etc, all on the same ledger..  Militia-Man

Petra:  Ok….That is correct. All on platforms observable by all parties…and I mean “all!!” …..PETRA

MilitiaMan:  Same stock exchange abilities …. Valued accordingly …. The isx is not NSDAQ ready at 1460 …. Militia-Man

Petra:  Yes, immediate algorithms engaged to level the playing field automatically …PETRA

MilitiaMan:  The PTB have had their work cut out for many years!! Militia-Man

Petra: But will there be countries who aren’t on board? (Rhetorical question) PETRA

MilitiaMan:  Yes but few… Militia-Man

Petra:  This has been in the works, honestly, since Bretton Woods… PETRA

MilitiaMan:  History is coming to the forefront.. Militia-Man

Petra:  The digital part came…when it was developed in order to handle these multi-international transaction! …. One must ask….why was this developed??? Because the problem needed a solution …PETRA

MilitiaMan:  It was apparently a necessity.. which suggests there is a deeper connection to the past than many may ever know or have expected…. Militia-Man

Petra:  Correct…strategic finance principles recognized the global problem 50 years ago with the FIAT system and therefore started us down the road when most of us were kids, or not even born yet.. …. Nixon taking us off the gold standard in the 70’s started this motion down its path…and here we are today…AMAZING what has been developed …. You are on top of those pieces MM.. …. I mean, think of this….from the70’s to today look what has been developed. The integration, automation, standardization, global integration, Fintech to get us to now… PETRA

MilitiaMan:  Interestingly enough, it takes time to know the necessary, yet also know they need room to work through the issues until the time is right. Effectively , there comes a time that if calculated correctly to be a spot on the chart the convergent is made.... Militia-Man

Petra:  A spot in history that will be remembered forever…and we are right in front watching it occur. And now, we are at the stage where implementation has begun formally with the ATM’s redistributing the money supply……know that this one small move will ignite the WORLD!!! .....PETRA

MilitiaMan:  It was tested more than once in the past and more again recently.. ….. A small move? Sure, a simple flick of a match.. lol… Militia-Man

Petra:  Yup…I’m still trying to get my head around the historical perspective and bring it to the present it truly is mind boggling… PETRA

MilitiaMan:  Or let’s suggest a simple move of a decimal place or three.. Militia-Man

Petra:  And we have been waiting for that “flick of a match” that has been in the work since the 70’s…do you realize the HUGE progress that has been accomplished???? Absolutely astounding. ….. Yes, one simple move….and the WORLD changes!!!! And I don’t think I even need to say IMO because it’s history we are watching!! ….PETRA

MilitiaMan:  We know from our past, our friends, family, business, etc, that there have been issues monetary wise. They date back many many generations.. They may be more true than ever thought and cannot be forgotten in totality in fact they need to be reconciled…..Militia-Man

Petra:  Certain “Bonds” have that history MM and they are being reconciled as we speak ….. Historical funds being redistributed to the present…monies that have been put away by time to be re-purposed for other global needs… ….. But that’s another conversation my friend…. PETRA

MilitiaMan:  The fact that there is open and notorious data uh to the largest connected entities on the planet show that change had to come, no choice in the matter and they affirmed it. It is in black and white and it is posted in the forum! …. …. Not to mention the UST website or email thread!..... Militia-Man

Petra:  Yes, and do you find it interesting that most, if not almost all countries in the world have signed on to this??? ….. How long ago have we said MM that this is not just about Iraq? …..PETRA

MilitiaMan:  No, not surprised at all. There comes a time when the tide rises there is a need to lay out the lines.. Get my point? Lol …Militia-Man

Petra:  Ha ha…yup! …PETRA

MilitiaMan:  Cant be strapped down as that can capsize the biggest and even most sophisticated of all platforms if you will.. …. Militia-Man

Petra:  Yes, but, no matter what size the boat (country) the power of the tide lifts all…consistently and equally. But, there will be some “submarines” where their currency due to lack of monetary policy or economic policy…their boats sink! …. Or should I say “sinks their boat.” LOL …PETRA

MilitiaMan:  So, I presume the questions are whirling around as to time and amounts? All I can say to that is they suggest digitization is upon us, so time is short.. As for valuations, that is a tricky topic as valuations depend on so many things. But, let’s just say they did tell us they want to go back to the previous era.. Well an era is a long time ago, not recent history. Glory days comes to mind.. Oil is not $45.. lol …. Militia-Man

Petra:  Agreed Sir! The amounts are set so as to drive the IQD to it’s starting point, which is higher than the USD, and significant enough to draw in the secondary markets …. And then….the SDR steps in! ……PETRA

MilitiaMan:  That my friend is one thing to be focused on. Private sector rules require transparency and pricing.. ….Militia-Man

Petra:  Also known as “The Glory Days!” …. Yes, they do…and the need for transparency is global for all! (Fintech) ……PETRA

MilitiaMan:  The glory days may merely be a focal point to start or were adjusted accordingly to meet present and future cash values … Militia-Man

Petra:  Yes, including all present and potential future valuations for all currencies….. PETRA

MilitiaMan:  At the same time synergistically ….. Militia-Man

Petra:  IMO..Iraq has been ready for 3 months…CBI Governor announced they were completely digital 3 months ago, but, needed to see the testing of the “mechanism” and they did…3 times as we have discussed previously …..PETRA

MilitiaMan:  It is my understanding at this stage there would have had to be a point where they feel everyone is on board and in sync to allow go time…  Militia-Man

Petra:  I believe MM, that we believe we are at that point! Agree?.... PETRA

MilitiaMan:  Yes, they have had testing and yes it was public as noted by the Swiss Euro and then the Euro to Jordanian Dinar clearing …. Militia-Man

Petra:  Iraq has already lit the fuse with the cessation and removal of the 3 zero notes… …. A vacuum has been created and “must” be filled soon or there will be confusion in the minds of the citizens ….PETRA

MilitiaMan:  They talked Dinar digital currency today!! Why? Because it is reality ….. Imo they are further along than most actually get. Imo …. Militia-Man

Petra:  Yes, but the funny thing is, we are so focused on Iraq but other countries, many many countries…have been doing so all along behind the scenes. ….. And, with the agreement with the UST and the other 139+ countries….IMO, are ready!.... PETRA

MilitiaMan:  The amount of data to suggest that what I say about being further along than ever thought can be seen yesterday about the local digital crypto currency that took the street by surprise and was successful and we never heard of it.. …. They are more savvy than given credit.. imo… Militia-Man

Petra:   Oh so true…. PETRA

MilitiaMan:  The money is the focus… imo It fits the need and priorities..……Militia-Man

Petra:  Yes, and soon because the “squeeze” is getting tighter with no cash circulating per se …. PETRA  

Frank26 and KTFA Members Thursday PM 10-21-2021

KTFA:

Frank26:  "WE TOLD YOU IT WOULD BE $100 PER BARREL".......F26

The Minister of Oil sets the price of a barrel in the budget and expects crude to reach $100

20th October, 2021

On Wednesday, Oil Minister Ihsan Abdul-Jabbar set the price of a barrel in the 2022 budget, while he expected crude to reach $100

The Minister of Oil said during a workshop held today at Al-Rasheed Hotel and followed by “Economy News”, that “the central government will fix the price of a barrel of oil in the 2022 budget between 55 to 60 dollars,” noting that “this will help to make changes and a significant improvement in the performance of the national economy and overcome the financial deficit.” in the general budget

Abdul-Jabbar expected, "The price of a barrel of crude oil will reach $100, in the first quarter of next year, affected by the decline in the US and global strategic stocks and the recovery of the global economy from the repercussions of Covid 19

He announced that "Schlumbinger will start a project to drill 96 oil wells in the West Qurna 1 field, which is the largest of its kind in the country's history," noting that "the project will add 80,000 barrels per day after its completion to the total production of the Basra Oil Company, which is affiliated with the National Oil Company

He added, "Schlumbinger, which is executing for ExxonMobil, the main operator of the West Qurna 1 field, by using modern technology in drilling operations in West Qurna 1, helps all parties in the Ministry of Oil and licensing companies to reduce the costs of production per barrel and improve productivity

The Minister of Oil expressed his optimism about “a great development in the oil industry, especially since it has entered a new positive phase that competes with companies producing alternative solar energy and green and blue nitrogen fuels,” noting that “giant companies have spent billions of dollars on establishing infrastructures to manufacture modern equipment and devices.” Batteries and other materials used in the alternative energy industry

For his part, Vice-President of Schlumberger Saad Al-Damen said that "preparations are underway to launch drilling operations in the largest extractive project, which will be implemented according to the latest technology that will work in the project and the preparation and installation of the information system and software rules for its management in the Basra Oil Company   LINK

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Frank26:   "NOT AT A PROGRAM RATE"..........F26

Expo 2020 Dubai is an opportunity to boost investment in Iraq

Wednesday 20 October 2021  Baghdad: morning 

 Assurances of the role of Expo 2020 Dubai in enhancing the reality of investment in Iraq, through the portal of openness to the world, where the wide participation of major international companies that represent a sober effort around the world. 

Iraqi Foreign Minister Fouad Hussein inaugurated the Iraq pavilion at Expo 2020 Dubai, in the presence of Deputy Central Bank Governor Ihsan Al-Yasiri, Chairman of the Investment Authority Suha Al-Najjar, President of the Association of Private Banks Wadih Al-Handal, and UAE Minister of State Khalifa Shaheen Al-Marar.

Deputy Governor of the Central Bank, Ihsan al-Yasiri, pointed out that “Iraq’s presence in this forum represents an important step for rapprochement with the active international labor market that possesses all the ingredients for achieving success in performance, and is an important opportunity to communicate with the best global expertise that can be employed to serve Iraq and its economy.” In turn, the head of the Iraqi Private Banks Association, Wadih Al-Handal, said: {The Dubai Expo 2020 is an important and promising opportunity to open the door for investment in Iraq.}

Al-Handal added that {the Iraqi pavilion in the exhibition will show its visitors the civilization, heritage and great successes that Iraqis have achieved over the past and current years}, noting that {the Central Bank and the Association of Private Banks provided financial support through the Tamkeen Fund to establish the ward}.   link

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Samson:  The Saudi-Iraqi Coordination Council discusses ways to develop banking and financial relations

21st October, 2021

The Saudi Central Bank hosted on Wednesday, October 20, 2021 AD, the meeting of the Financial and Banking Committee of the Saudi-Iraq Coordination Council.

 The Saudi Central Bank stated, in a statement, that the meeting reviewed a number of issues of common interest, and ways to develop banking and financial relations in the two countries.

In the context of developing direct cooperation between the two central banks and activating banking relations, and the desire of the Iraqi side to benefit from the experiences of the Saudi Central Bank, the bank held a meeting with the Iraqi delegation, during which discussions and opinions were exchanged in a number of areas within the tasks and responsibilities of the central banks.

The Saudi Central Bank pointed out that the discussions aim to enhance the stability and strength of financial institutions, in addition to discussing the latest developments in the financial sector. This includes digital banks.

The Saudi side in the meeting, according to a statement from the Saudi Central Bank, was headed by the Deputy Governor of the Saudi Central Bank, Ayman bin Muhammad Al-Siyari, while the Iraqi side was headed by the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif.  LINK

Samson:  Oil continues to rise as US inventories fall

21st October, 2021

Oil prices rose to extend the gains made in the previous session, with the continued decline in oil and fuel stocks in the United States

Brent crude futures rose 17 cents, or 0.2 percent, to $85.99 a barrel, after increasing 0.9 percent the previous day and US West Texas Intermediate crude futures for November, which expired on Wednesday, rose 91 cents, or 1.1 percent, at the settlement, after touching the highest level since October 2018. December contracts also rose 37 cents, or 0.4 percent, to $83.79 a barrel

The US Energy Information Administration said that crude stocks in the United States fell by 431,000 barrels in the week ending October 15 to 426.5 million barrels, compared to expectations of analysts polled by Reuters for an increase of 1.9 million barrels

The government agency added that crude stocks at the delivery center in Cushing, Oklahoma, fell to their lowest level since October 2018, indicating a tight market that may take some time to reduce and it said that gasoline stocks fell 5.4 million barrels last week to 217.7 million barrels, their lowest level since November 2019

Oil markets hit multi-year highs this week on the back of the global coal and gas crisis, which led to a shift to diesel and fuel oil for electricity generation   LINK

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Samson:  Iraq is the third largest oil exporter to China during the past month

21st October, 2021

The Chinese Customs Administration showed, on Thursday, that Iraq came in third place as the largest exporter of oil to China during the month of September of the year 2021.

The administration said in its statistics, which was followed by / Mawazine News, that "Iraq came third as the largest exporter of oil China during the month of September, amounting to 5.837 million metric tons of crude oil, equivalent to 30.800 million barrels per month, equivalent to 1.026 thousand barrels per day, down by 24.6% from last August, in which exports amounted to 1.318 million barrels per day, but these exports rose by 20.4% from September of last year.

Chinese customs added that Saudi Arabia maintained its classification as the largest supplier of crude to China for the tenth consecutive month in the month of September, even as shipments decreased by 1.2% compared to last August, as these exports reached 7.96 million metric tons, or 1.88 million barrels. Per day

She pointed out that "Russia came second, with exports amounting to 6.14 million tons, or 1.45 million barrels per day, Oman came fourth, with exports amounting to 973,000 barrels per day, while Angola came fifth, with exports amounting to 730 thousand barrels per day."   LINK

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Samson:  The Turkish lira collapses to a historical level after a decision by the Central

21st October, 2021

The Turkish currency fell against the dollar today, Thursday, to historical levels after the Turkish Central Bank decided to reduce the main interest rate, which is a basic demand of Turkish President Recep Tayyip Erdogan.

According to the "Bloomberg" agency, the dollar exchange rate rose to 9.4206 lira, an increase of 2.19%, and this is the first time that the Turkish currency recorded this level. The lira lost 20% of its value this year, and half of this decline came since the beginning of last month, when the central bank began giving easing signals, despite the rise in inflation to about 20%.

On the 15th of this month, President Recep Tayyip Erdogan dismissed three policy makers at the Central Bank, deepening the lira's decline.

The Russian "Novosti" agency reported, earlier today, Thursday, that the Turkish Central Bank reduced the main interest rate from 18% to 16% annually.

President Recep Tayyip Erdogan has repeatedly called on the central bank to ease monetary policy, and analysts believe that his intervention has eroded the credibility of monetary policy in the past few years.   LINK

Frank26: "Eddie's Report From Iraq" 10-19-2021

KTFA:

Frank26:  INCOMING:

FROM EDDIE:
Tv shows Iraq at Dubai international expo trying drum up business and investment then at expo EU signed agreements for more investment to get Iraq started in the international game . Looks like Iraq lining up business for investors all over the world tv commercials showing Iraq as a secure environment showing reconstruction of cities especially Mosul advertising for companies to come into Iraq and invest….

Tv loaded with commercials today showing Iraq as up and coming country showing new banks new businesses coming showing all good things about Iraq we seeing new commercials for banks…. Remember you told us to look for the commercials Mr. Frank well Arab league fund and IMF starting changing rate policy study and guideline big event going on it’s on tv about changing exchange rate policy…..

It’s all over our television every channel and these are new commercials we have never seen before talking to us about the exchange rate just like you said they would this is amazing…. Says it’s a course on exchange rate policy…. It’s hard to believe what we are hearing but I guess once again you were right…..
Demonstrations by losers at entrance to green zone set up tents…..

FRANK:
Like we told you Eddie the CBI will have commercials and as you can see that has now started also we told you the commercials will educate you on why you have a new exchange rate and a new small category note to match that NEW exchange rate and as you can see that has started.
Honestly we expected all of this is to have started on Sunday the 17th going into Monday

But it looks like they started today instead once again my friend everything that we have told you is now in front of you and that’s why your bank friend told you stop worrying about the laws those are for the international investors your monetary reform is ready and soon to be given to you Iraqi citizens and once again like we told you Iranian influence has been removed and all of this is because of Donald Trump...

You are about to become a leader for your country Eddie just like I told you.
I plan to come back on Nov 1, and I pray that this will be over by then if not we will continue to gather this wonderful information and share it with our family at KTFA.

Keep me posted because of these commercials I believe the information for you on the monetary reform it’s going to come up even faster now….. Eddie says yes please and will keep sending says today’s commercials are all new never seen before….. I hope you don’t mind if I say it just one more time I told you so lol….

EDDIE: Yes you did Mr. Frank and they’re telling us even more than you told us…. All those pictures you sent us Mr. Frank it is now real we are more modern than any other country and our banks will soon give us a modern currency with a modern exchange rate this is all so hard to believe but we are so grateful…..

FRANK: You take care Eddie keep sending because it’s going to come out really fast now, love you… END….. PS ……… FREAKEN TOLD YOU SO !!!!!!!! LOL……FRANK26 

Frank26:  "THE COMMERCIALS WE TOLD YOU ABOUT!!!".......F26

The Arab Monetary Fund, in cooperation with The International Monetary Fund's Center for Economics and Finance in the Middle East, organizes a course on "Exchange Rate Policy"

19th October, 2021

Abu Dhabi - United Arab Emirates

This morning, the " Exchange Rate Policy" course, organized by the Institute for Training and Capacity Building at the Arab Monetary Fund, in cooperation with the International Monetary Fund's Center for Economics and Finance in the Middle East, was inaugurated during the period  18-28 October 2021,  through the distance training method that the Fund adopted as a continuation of its training activity. 

Achieving economic and financial stability is one of the most important economic goals in all countries, so macroeconomic policies are unique in large areas, especially those policies that aim to achieve stability.

The course also highlights the differentiation of macroeconomic policies associated with different exchange rate regimes, the choice of the exchange rate regime, and the most important challenges facing exchange rate policy in developing and emerging market economies.

On this occasion, the speech of His Excellency Dr. Abdulrahman bin Abdullah Al-Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, stated:

Dear sisters and E Lakhoua

It gives me great pleasure to welcome you to the inauguration of the "Exchange Rate Policy" course,  which is being held by the Institute for Training and Capacity Building at the Arab Monetary Fund in cooperation with the International Monetary Fund's Center for Economics and Finance in the Middle East, hoping that you will seize the opportunity and benefit from the topics of the course. 

Ladies and gentlemen,

Achieving economic and financial stability is one of the most important economic goals in all countries, so macroeconomic policies are unique in large areas, especially those policies that aim to achieve stability. The course also highlights the differentiation of macroeconomic policies associated with different exchange rate regimes, the choice of the exchange rate regime, and the most important challenges facing exchange rate policy in developing and emerging market economies.

Ladies and gentlemen,

The exchange rate policy is one of the most important policies adopted by countries to maintain the stability of macroeconomic variables, the most important of which is inflation, which is considered one of the obstacles in achieving economic growth. appropriate exchange. A fixed exchange rate policy helps curb inflation, and a flexible exchange rate policy helps absorb external shocks. The results of adopting such economic policies were clear during the many economic crises that afflicted the world's economies during the past two decades, which contributed to alleviating the negative effects of those crises.

Ladies and gentlemen,

It is known that the influx of capital significantly in the presence of an effective monetary policy enables countries to avoid the consequences of these flows represented by the rise in real exchange rates, thus reducing the competitiveness of these countries' exports. Although these flows contribute to an increase in the volume of reserves, the accumulation of reserves may entail costs represented in interest payments on government bonds that are used to absorb the liquidity left by these flows. Therefore, it is necessary for countries to have controls to deal with capital flows, especially short-term, as these funds are often quick to exit.

Ladies and gentlemen,

Your course is rich in topics related to many important topics, as the different types of exchange rate strategies and arrangements and their compatibility with the existing economic policy will be reviewed. The course will focus on the following main themes:

Basics of analyzing different exchange rate systems.

How to read international currency market indicators and exchange rates.

Assessing the adequacy of foreign exchange reserves using traditional and new indicators.

The relationship between exchange rate policy and macroeconomic policies.

Basic parameters for the transition from a fixed to a flexible exchange rate.

Establishment of early warning systems for currency crises. 

Ladies and gentlemen,

In conclusion, I would like to thank the distinguished experts who presented the course materials, and to commend the fruitful cooperation that exists between the Arab Monetary Fund and the International Monetary Fund.

I wish you a successful session and may God protect you wherever you are.

Peace, mercy and blessings of God.

LINK

Frank26 and Eddie's Report "Incoming" Thursday 10-14-2021

KTFA:

The Second Central Bank Strategy (2021‐2023) An Approach to Monetary and Financial Reform

13th October, 2021 by Samir Al-Nusairi

The Central Bank of Iraq launched its second strategy for the years (2021-2023) in conjunction with the economic and financial reform strategy adopted by the government in the white paper. The new strategy has drawn a roadmap with clear objectives and policies for the next three years in a special, complex and risky economic and financial situation

And the challenges at the level of internal and external economic and financial relations. What concerns us as specialists in economic, financial and banking affairs is what are the new mechanisms and policies adopted by the Central Bank in monetary policy and banking reform in accordance with the approach of fundamental change desired for the national economy contained in the white paper and the second strategy, which constitutes the banking sector The first and basic in the economy and the implementer of monetary policy applications

The strategy of the Central Bank set the main objectives at 15 objectives and the subsidiary objectives by 75 objectives and charted the way for banking reform in accordance with the following strategic objectives

1- Supporting and achieving monetary and financial stability

 2- Enhancing and strengthening the banking sector and financial institutions

3- Enhancing digital transformation in the central bank and the banking sector

4- Developing the organizational structure and human resources of the Central Bank

5- Activating and integrating the internal and external relations of the Central Bank

Since these strategic goals have been set for a period of three years to achieve the main and subsidiary goals, which emphasize the protection of the financial system, the strengthening of financial inclusion, the management of monetary and financial stability, the development of control and supervision, the development of regulation in the banking sector, and the completion of the development of the monetary structure in the Central Bank and its branches in accordance with work frameworks and techniques authorized in central banks, developing human resources, developing banking operations, strengthening the bank's internal and external relations, and representing it locally and internationally. 

By analyzing the mechanisms and points of action to achieve the above goals, we note that the strategy identified the planning team, the implementation team, the implementation mechanisms and responsibility, as well as clear priorities for achieving reform. Certainly, these priorities were diagnosed in light of the challenges they face

Monetary policy and the banking sector due to the suffocating economic and financial crisis that Iraq has suffered for subjective and objective reasons, which can be diagnosed as follows

* Work to achieve the objectives of monetary policy, the most important of which is the stability of the exchange rate, the preservation of the purchasing power of the Iraqi dinar, the inflation rate, and the building of a foreign cash reserve

* Work to restore the confidence of citizens and customers in the Iraqi banking sector

* Work to increase the percentage of savings for the monetary mass in circulation in banks to the percentage of hoarding outside banks, where the percentage of savings in the banking sector does not exceed 20%, and the percentage of hoarding is up to 80%. Increasing the percentage of financial inclusion and the delivery of banking services to the widest spread of geographical area at the level of governorates and districts aspects and the increase in banking density in this direction

* The need to complete the structural and technical foundations of proactive control

* Activate and reconsider the development of work mechanisms in the Deposit Insurance Company

 * Reconsidering the laws of the legislative environment that regulate banking work

* Reviewing and evaluating the results of banks' business and re-classifying them by accredited international companies. And to identify weak banks that need the intervention of the Central Bank of Iraq to rehabilitate them, restore their activity and protect them from bankruptcy

* Demanding government support in accordance with previous decisions and instructions issued by the Council of Ministers, the Economic Affairs Committee and the Ministerial Council for Economy

* Strengthening and activating the central bank's lending and financing initiatives for small, medium, housing and large projects, in a way that contributes to stimulating the economy, revitalizing the economic cycle and diversifying the resources of the public budget

* Developing the organizational, technical, and administrative structure of the Central Bank of Iraq and government and private banks, while emphasizing the principles of governance and determining the owners’ intervention in the banks’ executive departments

Therefore, and for the purpose of applying the banking reform approach, according to what was stated in the strategy, according to an insight into the priorities and challenges that the Iraqi banking sector suffers from, the Central Bank made exceptional efforts during this year 2021, and many goals were achieved from the main and subsidiary goals, and it is trying to complete the achievement of all goals in 2023, which is the last year of the strategy

Therefore, the strategy of the Central Bank has proven that it established, planned and identified advanced steps on the road to the systematic application of the desired banking reform  LINK

Frank26:   FROM EDDIE......

INCOMING:

Eddie:  Tv today showed CBI rep saying they now are in the second phase of strategy for economic and financial reforms in accordance with the white papers for years 2021 to 2023

They went on to talk about all the parts the CBI banks are and will do for the white papers then after that showed that this new parliament will have the most women seated ever as a record 97 women will be part of the 329 member parliament….

Kazemi on tv saying there are no losers but all winners from the elections and their will be no deviation from the legal elections and Iraq will not stand for any injustice and results are final and all are winners the Iranian back party that lost is trying cause a lot of issues but are not because sadr bloc took their seats !.....

 Wow mr frank Sadr back on tv saying the peoples oil is for the people and we will improve the dinar to be in the ranks of the international currencies gradually and activate the role of clams to support the stability of Iraq this in his interview he saying this again….

 Look look mr frank Saying Iraq’s people should be rich it’s in their constitution that the oil money belongs partly with the citizens it’s their right to have shares of the oil revenues….

 This Friday the CBI and finance minister and Kazemi all are scheduled for meetings at the main office of Kazemi this being expressed on the news and what this could be about…..

Frank26:  Eddie remember what I told you about Friday….

Eddie:  Yes sir we do also Tv saying the white papers reforms are being pushed and now we see the government activating what is needed to comply…..

Frank26:  Eddie Improve your currency to international levels …no kidding… and he says that Iraqi citizens are about to be rich… no kidding …Like we need to hear it from him lol but you will soon hear it from Kazemi and the governor of your CBI ….by the way look at the auctions today they are at a phenomenally low level for a phenomenal reason……

Eddie:  He did it again Mr. Frank look He said rv saying from finance minister Iraq needs to adjust dollar exchange rate as the price of oil exceeds 80 a barrel…..

 Hey He say lower lower exchange rate so that means dinar go up….

 Frank26:  smile……… I know….END…..FRANK26 

Frank26 "Eddie's Report" Tuesday PM 10-5-2021

KTFA:

Frank26: EDDIE'S REPORT:

TV says today the Arab payment system has linked with the Islamic banking and now can interact with payments but thing on tv talking about how important the raise of the exchange rate has been to the economy last 9 months saying it has built up reserves and stopped money laundering saying it has been a strength for the gov since raising it devaluing it Dec of last year...

Then talked about the struggles of the citizens due to high exchange rate and then more should be done to help citizens talking about how success of many major changes of financial exchanges helps with all levels of presented at beginning of calendar year saying best for true economic values and true result of the effect of done ....

Then went on talking about how many major changes around the world at beginning of year and the success talks about makes financial and economic sense to be performed at beginning of calendar year all this by the finance minister talking about the past 9 months rate then talking about things need to be done to help citizens but then talking about best time is at beginning of calendar year in his opinion.

Now Saleh on tv talking about need to lower dollar exchange rate saying they have reached maximum efficiency at current rate and to make projects work they need the exchange rate to flavor a stronger dinar value……saying Iraq must have plans in place and get this done.

FRANK REPLIED:

All they are doing is preparing you Eddie for the announcement of your new currency and your new exchange rate by injecting ideas into your mind into your daily lives that you are about to see a new monetary reform for your currency because of the success that the CBI and Kazemi have had working together to eliminate terrorism that used to rape your currency through Iran.

What Saleh is trying to tell you is that you now have what is called in the financial world the REER !!! (Real Effective Exchange Rate)

He is expressing to you that you need this true value for your currency in order for everything to work and yes he mentions it for next year at the beginning, but that is not logical the monetary reform will come long before the economic reform just like we have told you everything else I now repeat to you everything that Walkingstick and I’ve told you...

And why is that Eddie... because the two we told you to pay attention to are now telling you exactly and repeating exactly our words praise God!

I wouldn’t worry too much about the beginning of next year because that’s just his opinion and he’s just a Minister of Finance, trust me in my very strong opinion... Mustafa has a date before next year.

***********

Frank26:  "FROM THE MOUTH OF THE AUTHORITY...KAZEMI AND MUSTAFA GHALEB!!!"...F26

After The Oil Price Hike, Alia Nassif Calls For A Reduction In The Dollar Exchange Rate

28th September, 2021

Representative Alia Nassif called on the Ministry of Finance to reduce the exchange rate of the dollar after the price of a barrel of oil exceeded eighty dollars, indicating that it is not fair for the poor to pay the price of economic crises, whether they are caused by corruption or the lack of appropriate plans to deal with crises.

Nassif said today: “The price of a barrel of oil has exceeded eighty dollars, while the dollar exchange rate is still burdening the Iraqi citizen who pays the price of financial corruption and the absence of appropriate plans to confront economic crises such as the crisis of the previous drop in oil prices and the country’s dependence on oil revenues only,” indicating: The working class is the most affected by the rise in the exchange rate of the dollar, because its purchasing power is now unable to cope with the rise in the prices of food commodities and basic materials.”

She stressed "the necessity for the Ministry of Finance to reduce the exchange rate of the dollar against the dinar and return it as it was in the past, because there is no need to continue with the high exchange rate and to avoid its negative repercussions on all groups of the people."  LINK

Iraq comments on the rise in oil to $ 80 and its reflection on the 2022 budget

09/28/2021 20:38:56

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, commented on Tuesday on the rise in oil to $ 80 and its impact on the federal budget for the fiscal year 2022.

  Saleh told Al-Furat News that "if this price continues for 12 months within the current expenditure ceiling for 2022 and is the same for the current year, the budget will be in balance and there is no need to borrow or the budget will be in deficit, but on condition that the withdrawals are fixed." 

He explained, "Expenditures are out of control and will remain constants. Expenditures will be 129 trillion dinars, as specified in the budget, and there is a deficit, but the price of a barrel is 80 dollars per barrel or slightly less with oil exports of more than 3 million and 400 thousand barrels. This alone is sufficient to make the 2022 budget in There is no need for you to resolve a deficit and finance a deficit."

"By the settlement, a hypothetical deficit is set to hedge in anticipation of the instability of oil at $80," Saleh added.  He continued, "Oil is a strategic commodity with big variables, and no one knows or guesses prices, but it is in an upward trend and the reason is that there is a breakthrough in the global economy and the level of vaccinations has become high, and economies are beginning to open up to energy, travel movement is increasing, and the demand for derivatives is increasing demand for crude oil."

Saleh pointed out, "There are no bets that will last forever, and in the last decade we have witnessed a dangerous drop in the price of oil from $147 to $13 a barrel." And between "the oil countries have reservations, and it is legitimate, rational, and required not to fall into a big problem, and I believe that the 2022 budget, even if it comes with a hypothetical deficit, will tend to hedge, but if the barrel price continues to 80 dollars and the export of the same quantities of oil or more, Iraq may export."

Saleh continued, "Then the budget will be in balance, but on condition that all expenditures are met. Sometimes they are placed, but not implemented in investment and even operational budgets sometimes, and consideration must be given to the efficiency of the exchange."

The economic advisor to the Prime Minister concluded, "I believe that this number is excellent and should be used in operating the stalled investment projects and increasing employment in the Iraqi economy, which will reduce the manifestations of poverty and increase the welfare of society."

The price of Basra Light crude rose, on Tuesday, to record more than 77 dollars, with the rise in global oil prices. Basra crude, exported to Asia, rose 1.08, or 1.47%, to $77.74, while Basra Heavy crude also rose by $1.35, or 1.90%, to $72.35. All OPEC crude prices rose, as the price of Saudi Arabian Light crude reached $77.44 per barrel, while the price of Iran Heavy Blend reached $74.03,

The UAE Murban Blend reached $77.13 per barrel, and the Algerian Sahran Blend reached $78.94, while the Nigerian Bonny Light recorded $78.22, and Girasole Angolan $78.77. Global oil prices rose as a result of the scarcity of supply and the increase in demand for it, at a time when Brent crude recorded more than $80.  LINK