More News, Rumors and Opinions Friday Night 1-7-2022

KTFA

Friday Night KTFA CC

1-7-22…….EDDIE SAID…….LEAVE ME ALONE !!!

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=wZbZCigu_ys

Courtesy of Dinar Guru

Frank26  IMO the Central Bank of Iraq has completed its distribution of the new small category notes to all of its banks... 2.  IMO the training of those in the banks have begun to train with the new small category notes that means all the banks have completed the training by now or it means the training is soon to end.  3.  The cause and effect of 1 and 2 IMO means that the notes are now physically in the hands of the tellers to give to the citizens of Iraq...do you understand how close you are? 

Frank26 It's at the executive [bank] level...that's why I don't care about this, this, this, this or that. I only care about the new small category notes to be shown to the citizens of Iraq. Because deep in my heart IMO that's all I'm looking for now and waiting for. So is the IMF. Waiting for the same thing...Let's see what they do between now and the 27th...

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KTFA:

Samson:  Oil jumps to $82

01/07/2022 08:23:19

 Oil prices rose by about two percent, today, Friday, to continue their rise in the new year, due to the increasing unrest in oil-producing Kazakhstan and a member of the OPEC + bloc, in addition to the interruption of supplies from Libya.

Brent crude futures rose $1.19, or 1.5 percent, to settle at $82.62 a barrel, after hitting their highest level since late November. US West Texas Intermediate crude futures rose $1.6, or 2.1 percent, upon settlement to $79.46. The contract touched a session high of $80.24.

Russia sent troops to Kazakhstan on Thursday to help put down an uprising, after deadly violence spread across the country. Kazakhstan currently produces 1.6 million barrels of oil per day. There are no indications that crude production has been affected so far.

On the same day, the Libyan National Oil Corporation said that Libyan oil production amounted to 729,000 barrels per day, down from more than 1.3 million barrels per day last year, which was its highest level, due to maintenance work and field closures.

Prices have increased since the beginning of the year, despite the commitment of the OPEC + alliance to increase the agreed production targets and the increase in US fuel stocks last week. JPMorgan has forecast that the average price of Brent crude will average $88 a barrel in 2022, up from $70 last year.

LINK

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Samson:  A government directive to establish an industrial city in each governorate

7th January, 2022

Today, Friday, the Ministry of Industry confirmed the signing of a development contract to establish an industrial city in the holy Karbala, which would provide 5,000 job opportunities, as part of a government direction to establish similar cities in each governorate.

The Director-General of the Industrial Cities Authority, affiliated to the Ministry of Industry and Minerals, Hamed Awad Muhammad, said in an interview with the Iraqi News Agency and followed by “Economy News”, after activating the Industrial Cities Authority, the authority was able, during a record period, to establish an industrial city for each governorate, and among these governorates is the holy Karbala, where it was signing a contract to develop a model industrial city specialized in the petrochemical, engineering and mechanical industries, with an area of ​​5,300 dunums, and stating that “this city will hopefully provide about five thousand job opportunities.”

Muhammad added that “the city will be attractive to investment and includes a large number of industries and industrialists, as it is served by infrastructure and is close to the Holy Karbala refinery,” noting that “it will provide many industries that were imported from abroad, as the contract was signed and is currently in the process of laying the foundation stone during the next week.” 

He added, “Industrial cities have been established in the remaining provinces,” noting that “we announced today an opportunity to develop Wasit, a smart city with an area of ​​five thousand acres, and we sent invitations to all Iraqi and foreign developers to engage in the development of this industrial city.”

And he indicated that “in the remaining stage, the procedures will be completed with the sectoral departments, the State Real Estate Department and the General Secretariat, and then opportunities will be announced in all governorates of Iraq, such as Babil, Muthanna, Diwaniyah, Nineveh and Salah al-Din, and the next stage will be the stage of industrial cities.”  LINK

TNT:

Lilfish: Psyche - Estimated to be worth 10,000 Quadrillion US dollars

Psyche, an asteroid believed to be worth $10,000 quadrillion US dollars,  is observed through Hubble Telescope in new study,  it's the most expensive rock on the in the Solar system!!

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

Guess this is why the billionaires Bezos, Branson, Cuban, Musk, Zuckerberg and so many others are desperate to head out into the wild black yonder.

https://www.forbes.com/sites/rcarson/2021/08/17/billionaires-in-space-privilege-or-progress/?sh=73e460213e36

Monday Night KTFA CC "Standing on the Last Step" 1-3-2022

KTFA Monday Night CC

1-3-22……STANDING ON THE LAST STEP

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=v8NvJRM4bz0

Thursday Night KTFA CC "We Are ...Iraq" 12-30-2021

KTFA

Thursday Night KTFA CC

12-30-21……..WE ARE…IRAQ!!!

Frank26:  HAPPY NEW YEARS EVE EVE

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=JGMEoScv2uI

KTFA Monday Night CC " Better Than a Rootbeer Float" 12-27-2021

KTFA

KTFA Monday Night CC

12-27-21…..BETTER THAN A ROOTBEER FLOAT

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=SKnUCeEKjBE

Frank26 Thoughts on Rates, Chap.7, Bonds and more.....12-25-2021

KTFA:

Frank26:  “IN 2003 THE RATE WAS 4500 TO 1……….IT HAS BEEN REDUCED TO 1460 & CONTINUES TO BE REDUCED TO: 1 TO 1″……..F26

Economist: What The Central Bank Has Achieved In Terms Of Monetary Reserves Requires The Government To Reduce The Exchange Rate

16th December, 2021

The economic expert Wissam Al-Tamimi said, on Thursday, that the cash reserve achieved by the Central Bank exceeded 64 billion dollars, making it imperative for the government to reduce the dollar exchange rate a year after the decision to raise it by 23 percent.

Al-Tamimi said in a statement to Al-Maalouma, “The Central Bank’s assurances on achieving a cash reserve of 64 billion dollars, is only a message to the government regarding issuing a decision either to continue the exchange rate rise or reduce it.”

Frank26:  (WHICH DO YOU THINK THEY TOOK BASED ON ALL THE ARTICLES – F26)

He added, “There are many question marks on the government, especially since there is a great financial abundance achieved from oil revenues and the high exchange rate, at a time when no final accounts have been conducted so that everyone can know the recovered or realized funds for the current year.”

Al-Tamimi explained, “The cash reserve achieved by the Central Bank should be faced with a decrease in the exchange rate in the local market, especially since poverty rates have risen according to the statistics of the Ministry of Planning, which needs a quick treatment to remedy what the citizen may resort to to achieve a living, especially that the total prices the purchasing power of the citizen as well as the owners of the markets has increased and decreased, and therefore, continuing with this approach will lead the country to a dangerous slide.”   LINK

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Economist: The Monetary Reserve Achieved By The Central Bank Should Be Faced With A Reduction In The Exchange Rate    LINK

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Frank26:  “ARAB COUNTRIES DESPERATE FOR IRAQ’S CURRENCY TO BECOME A CENTRAL HUB IN THE MIDDLE EAST”…………F26

“Tsunami” scattered Turkish, Syrian, Lebanese and Iranian liras… How did that happen?

16th December, 2021

The currencies of four regional countries, namely Turkey, Syria, Lebanon and Iran, are reeling under the weight of a group of overlapping elements, at home and abroad, and they raised serious questions during their resounding decline in 2021, whether they could withstand or perhaps improve a little in the year 2022 in light of the intertwined complexities of its causes.

This monetary instability of the four countries risks clearly threatening their political and social stability, which sometimes raises popular protests, and fears about the ability of the political authorities in them to contain the economic crisis or even the ability of this authority to survive, with the worsening deterioration of living conditions, and the combination of external pressures such as sanctions, in Creating conditions that do not suggest future stability.

Turkish lira

Turkey appears to be a unique case for understanding this complex scene, as the lira has witnessed a decline of more than 45% against the dollar since the beginning of 2021, while its largest loss was recorded by 30% since the end of last October alone, while the inflation rate exceeded more than 21%.

There is widespread debate in Turkey and abroad about what should be done to deter this deterioration, especially since Turkish President Recep Tayyip Erdogan directly intervened in the economic crisis, preferring to keep interest rates low according to his convictions that their rise would enhance the profits of the rich and increase the suffering of the poor. The Central Bank recently cut interest rates from 16 to 15 percent, this is the third time it has reduced the rate during this year.

The collapse of the lira and the rise in inflation rates sparked popular protests in Istanbul and Ankara, after the value of commodities, including food, rose dramatically, with the collapse of the value of the Turkish lira, which lost, for example, 18% in one day on November 23 last. In an attempt to contain fears, the Turkish authorities say that the inflation rate is 21%, but economists and opponents say that the authorities are hiding the real figure, which is 58%.

The salaries of the majority of employees and workers are no longer sufficient for them to make ends meet, after their pensions lost their purchasing power in light of inflation, in a country where the minimum wage is about 2,800 Turkish liras, which is equivalent to only about 200 dollars, knowing that the dollar was equal to eight liras before the current crisis and exceeded Currently the 13 lira.

According to the estimates of economic experts, due to the rise in commodity prices and the collapse in the value of salaries, many Turkish citizens resort to trying to buy dollars to ensure the remaining value of the money in their possession, and they also resort to buying dollars for merchants and industrialists to ensure the continuity of their businesses and their profits, and this craving for dollars enhances The loss of the lira in its importance and consequently the rise in the value of the dollar.

It is no secret to say that the Turkish lira is also affected by external factors, including the severe tension that affected relations with Washington, as well as competition and regional conflict with countries including Saudi Arabia and the UAE, Turkish military involvement in northern Syria and the Libyan war, and disagreements with the French in particular, in addition to involvement in the war. Azerbaijani-Armenian conflict over energy resources in the eastern Mediterranean, which almost turned into a spark of fighting with Greece and the French, and escalating differences with Egypt.

One of the paradoxes of the Turkish lira crisis is that it left its negative effects on the areas under Turkish control in northern Syria, where the local authorities loyal to Turkey in those areas began to adopt the Turkish lira in financial transactions and commercial movement closely related to the Turkish economic wheel, and the collapse of the lira contributed to causing damage A significant increase in the incomes of the residents of those areas and their living ability and the rise in commodity prices, after they abandoned the adoption of the Syrian pound, in favor of the Turkish lira.

Syrian Lira

To demonstrate the extent of the deterioration of the Syrian pound, it is sufficient to point out that the dollar was equivalent to about 47 pounds about ten years ago, that is, with the beginning of the Syrian war, in which internal and external forces were involved, but it is currently equivalent to about 3,500 on the black market, after it had reached more than 3,500 months ago. From four thousand pounds.

The Syrian state has lost its economic viability, after many major cities and governorates came out of its control and production was disrupted, in light of the war that erupted since 2011 between government forces and armed opposition factions, which were dominated by “jihadists” and “terrorists” in the subsequent years.

And as soon as the fires of war began to fade dramatically, in light of an almost total international boycott of the Syrian state, with the exceptions of Russia, China and Iran, which maintained their military and economic support for Damascus, the administration of former US President Donald Trump imposed “Caesar’s Law” sanctions that tightened the screws on any Financial or economic dealings with Damascus, depriving it of the movement of funds and foreign trade relations, and also hit the heart of the reconstruction projects that had begun to loom on the horizon, and they could have contributed to ensuring the flow of foreign currencies into the country, and thus providing a certain type of monetary protection to the Syrian pound.

And in an unexpected development, Lebanon plunged economically, and its banking sector, into the worst crisis in its contemporary history, and one of the results of which was the banks’ detention of depositors’ accounts, then imposing strict restrictions on their withdrawals, especially those opened in dollars, which put additional pressure on the Syrian economy and on the lira. Syrian.

Many were not surprised when Syrian President Bashar al-Assad announced last July that the biggest obstacle to investment in Syria is the Syrians’ frozen funds in troubled Lebanese banks, noting that estimates speak of between $40 billion and $60 billion of frozen Syrian funds. In Lebanon, which is “enough to thwart an economy the size of ours.”

In an attempt to circumvent the sanctions and Western boycott measures imposed on Damascus since the beginning of its civil war, many bypass companies have been formed, taking advantage of the Lebanese banking system and the commercial movement between Lebanon and Syria, in order to make it easier for itself to pay the price of imported goods to the Syrian market through Land crossings with Lebanon.

Therefore, experts say that the faltering of the Lebanese banking system contributed to inflicting a blow to the core on the Syrian pound, for which Lebanon was a lifeline, as the United Nations estimates the size of the losses that hit the Syrian economy during ten years, more than 530 billion dollars.

It was remarkable that with the faltering of the banking sector in Lebanon, the dollar began to rise strongly against the Syrian pound, reaching the limits of 5 thousand pounds for the first time in the history of Syria, before the Syrian authorities imposed repressive measures against manipulators selling and buying dollars, so the pound recovered slightly and reached 3,500 against One dollar.

Of course, this collapse of the Syrian pound, in light of a situation the Syrians did not return to from inflation and high prices, left its devastating effects on large social segments, especially thousands of families whose breadwinners depend on fixed government salaries, and their ability to secure food and pay electricity and generator bills and basic needs was damaged. the other.

To demonstrate the extent of the collapse that afflicted millions of Syrians, the employee’s salary was before the recent collapse crisis, which has been rolling in since last year, and was, for example, about 30,000 pounds, equivalent to 600 dollars, but now, despite its increase to 60,000 pounds, its value is no longer equivalent to only about 13 dollars.

It is clear, according to experts, that without a regional-international settlement of the Syrian war, which restores life to the Syrian economy, it will be difficult for the lira to continue to stand firm and stop its faltering, in a country where the United Nations World Food Program estimates that more than 12 million people suffer from hunger. 90% of Syrians live below the poverty line, and unemployment is more than 42%.

Lebanese pound

There is no more indicative description of the Lebanese scene, the description used by the World Bank about Lebanon when it said that what it has been suffering from since the fall of 2019, constitutes “one of the three worst economic crises in the world in 150 years.”

Since the beginning of the year 2020, the lira has begun to lose its value against the dollar, as it was at the time 1,500 pounds to the dollar, and today it touches 30,000 pounds according to the exchange rate on the black market, which constitutes a collapse that the Lebanese have not known before.

While the state maintained the minimum wage at about 700 thousand pounds when it was equivalent to about 500 dollars before the collapse, the minimum wage is now equivalent to less than 30 dollars, in conjunction with the dollar shortage crisis, while the banks refrained from paying dollar deposits to their owners, except according to conditions Tight and stiff.

According to experts, among the reasons that contributed to the collapse of the lira, the Central Bank, in an attempt to stop the deterioration in the banking sector, asked banks in the summer of 2020 to raise their capital by 20% to allow them to continue to operate in a more stable manner, which required them to impose Severe measures on depositors and their money, to avoid falling under the control of the Central Bank directly if it continues to stumble.

In the opinion of experts, a network of mutual benefits between the bank, politicians and money exchange companies colluded within a complex network of mechanisms to absorb dollars from the market and the pockets of citizens, to secure their interests, including the ability of banks to continue, which contributed to strengthening the price of the dollar through the huge demand for it, And thus to the historical collapse of the Lebanese pound.

Of course, there are other factors that paved the way for this collapse, and the Central Bank intervened in this painful way for hundreds of thousands of depositors. The Lebanese economy was suffering from clear features of fragility, affected by the repercussions of the Syrian war and sanctions on Damascus, the mismanagement of the state, corruption and the massive waste of scarce resources, and the disruption of the flow of investments Arab and Western countries on the country, including the negative effects of the closure measures resulting from the Corona epidemic since the year 2020.

Experts also point out the fact that Lebanon relies more than 80% on importing everything it needs from abroad, which represents a drain on the dollar’s ​​resources over the past three decades, whose total value exceeded tens of billions of dollars, while the country lacks an export value that achieves a balance with the import movement. Tyrant in all consumer sectors.

The protest movement that erupted in the fall of 2019, in addition to causing a lot of damage to the production cycle and securing the state’s resources from various taxes and fees due to the closure and disruption of government institutions, dramatically weakened the confidence needed for any operation in order to withstand the dollar, and a general feeling prevailed That the worst is yet to come, and that the citizens’ refuge in general is to convert their savings in pounds into dollars to reduce the level of their monetary loss.

Among the facts that were indicative of the mismanagement of the crisis, and the extent of the collapse, the official estimates indicated that Lebanon’s reserves of the dollar amounted to about 31 billion dollars before the “2019 revolution”, but it declined within months to 16 billion dollars, while Opponents say that many big and wealthy statesmen have smuggled billions of dollars of their money from Lebanese banks abroad. All of this precipitated the dramatic deterioration of the Lebanese pound, while major merchants took advantage of the dollar shortage crisis to control the prices of imported goods from abroad. And vitality, medicine, fuel, electricity and others.

Economic experts almost agree that without an effective government that has a bold vision to address the intertwined economic collapse, Lebanon will not be able to restore confidence in its system, and thus the confidence of investors and donors who first demand the implementation of broad reform measures to resume its financial provision.

Iranian Toman

The Iranian national currency has often suffered from large and uncontrolled fluctuations, especially in recent years with the escalation of Western sanctions, specifically the US, not on the Iranian economy alone, but on hundreds of institutions, companies and people, in an attempt to force Tehran to make concessions regarding its nuclear program and its influence. regional.

Currently, the dollar exchange rate ranges around 31,000 tomans, and it often declines in large proportions. For example, about a year ago, it was equivalent to 32,000 tomans, but then it fell to 22,000 tomans, after the Central Bank of Iran was forced to pump a lot of currency exchange rates. The dollar in the markets to curb the collapse.

Only a few months have passed since the new president, Ibrahim Raisi, assumed the presidency, and he pledged, as a priority, to address the economic crises and stop the deterioration of the toman against the dollar. However, figures indicate that the dollar, when he took office, was equivalent to about 25 thousand tomans, and thus recorded a decline of about 25%.

The collapse of the value of the Toman left its harsh impact on the lives of millions of Iranians who, like the Turks, Syrians and Lebanese, found their financial savings evaporating before their eyes, so they began to resort to buying dollars, or gold coins and real estate, to save what could be saved of their money, a rush that naturally also contributed to enhancing the value of and strengthening the dollar.

It is similar and intersects the elements and factors that cause the collapse of the national currencies of Turkey, Syria, Lebanon and Iran, with the specificity and uniqueness of each case, but what is common among them is that the economies of these countries are intertwined and affected by each other and by the ongoing regional developments, especially in the security and military turmoil that occurs here and there, as It is also affected by the developments of the Iranian nuclear file in Vienna, and what is happening in its nights and behind the scenes.

There remains a question regarding whether a comprehensive detente in one of those countries will have a direct impact on the other three countries, and what is the extent of this positive change. It also remains important to pay attention to the possible political effects of the continuation of the dark tunnel entered by the Turkish, Syrian, Lebanese and Iranian tomans, when it will end, and most importantly, the outcome of its final cost.  LINK

Frank26:  “CHAPTER 7 = A FLOAT”……….F26

 Completing the payment of compensation for the State of Kuwait

21st December, 2021

The payment of the last remaining installment of the State of Kuwait’s compensation amounting to (44) million US dollars has been completed, thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council pursuant to Resolution No. (687) for the year 1991, with a total of (52.4) One billion US dollars for the State of Kuwait.

It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on re-integrating the Iraqi banking system with the global banking system and benefiting from the financial abundance that will be achieved.

Central Bank of Iraq
Media Office 
December 21, 2021     LINK

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Samson:  Kuwaiti Ambassador : The United Nations will issue a decision to close the compensation file on Iraq

25th December, 2021

The Kuwaiti ambassador to Baghdad, Salem Al-Zamanan, confirmed today, Saturday, that the Compensation Committee will issue a decision to permanently close the file of financial compensation.

Al-Zamanan said, during his visit to Anbar Governorate, to the Iraqi News Agency (INA): “I am very happy to be among my family and brothers in Anbar, which is witnessing a major urban campaign,” noting that “Kuwait does not only support Anbar, but supports all of Iraq and is always concerned with its security.” and stability.”

He added, “Since 2003, Kuwait has been a supporter of Iraq in various fields and has participated in alleviating the suffering of the displaced by building camps and providing them with the equipment they need, caravan schools and mobile medical clinics.”

He pointed out that “Kuwait at the donors’ conference in 2018 had contributions through a $100 million grant, which was allocated to the stricken governorates, including Anbar Governorate,” noting that “there are pledges in the Kuwait conference that still exist, as one billion dollars were allocated for the rehabilitation of infrastructure, as well as billion dollar investment.

He continued, “We are always present with the brothers in Iraq, and they are our people, our brothers and our brothers,” stressing that “there are great plans in the future that will be announced soon.”

On the compensation file, Al-Zamanan said, “The compensation approved by the United Nations had a deduction to meet it, and a decision will be issued close to the Compensation Committee to close this file permanently.”

And the Prime Minister’s Adviser for Economic Affairs, Mazhar Muhammad Salih, announced in a statement to the Iraqi News Agency (INA), last Thursday, that “Iraq has ended the Kuwait war compensation file, as it paid the last payment of dues about less than 45 million dollars,” noting, that “with this, it paid Iraq has fulfilled all of its obligations imposed on it under Chapter VII of the United Nations Charter and relevant Security Council resolutions in 1991.   LINK

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Frank25:  “THE LAST BANANA PEEL OF CHAPTER VII IS CHAPTER VI”……..F26

Legal: The Government Can Remove Iraq From Chapter VI After Paying Kuwait Compensation

24th December, 2021

The legal expert, Ali Al-Tamimi, explained that the government is required to act before the Security Council in order to remove the name of Iraq from Chapter VI after paying Kuwait’s compensation in full.

Al-Tamimi told Al-Maalouma, “Iraq was placed under Chapter VII of the United Nations after the invasion of Kuwait under UN Security Council Resolution No. 666 in 1990, and it came after warnings, warnings and an economic siege imposed on the country, then international sanctions came to put it under Chapter VII.” 

He added that “the personality of Iraq has become weak in international law, and it is not permissible for it to contract, import, export and conclude agreements, meaning that the government is like a caretaker government.”

And he indicated that “Iraq exited from Chapter VII in 2017 under Security Council Resolution No. 2390, and entered into Chapter VI due to the presence of $4.5 billion worth of belongings with Kuwait as compensation for its invasion in the nineties of the last century.”

He stressed that “Iraq, after fulfilling all its obligations contained in Chapter VI, has terminated all material obligations to Kuwait, and the government, through its representative at the United Nations, must notify the UN Security Council of this, in order to issue a decision that Iraq ends Chapter VI, and this has positive economic repercussions for the money to return.” granted to Kuwait to the state’s financial treasury.   LINK

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Frank26:  “GOVERNMENT BONDS DO NOT SELL AT A PROGRAM RATE”…….F26

The Central Bank offers the second issue of government bonds

21st December, 2021

The Executive Director of the Iraq Stock Exchange, Taha Abdel Salam, announced, on Tuesday, that the Central Bank of Iraq issued the second issuance of government bonds, “construction bonds” worth 2 trillion dinars

The Executive Director of the market said in a news article published on the social networking page “Facebook” and followed by “Al-Iqtisad News”, that the Central Bank has launched the second issue of government bonds, “construction bonds” with a value of 2 trillion dinars, after the success of marketing the first issue by the bank, which will be listed. and traded in the Iraq Stock Exchange

He added that the new issue is offered for public subscription as of December 20, 2021 through the Iraqi banking system, with the same mechanism of the Central Bank of Iraq issued in Book No. 6/6/2916 on 10/24/2021 and the subscription ends on January 19, 2022    LINK

KTFA Tuesday Night CC "It's Their Birthday" 12-21-21

KTFA

KTFA Tuesday Night CC:

12-21-21……IT’S THEIR BIRTHDAY

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://youtu.be/Cu8YZWYNe9s

KTFA Thursday Night CC "They Have To See Them" 12-16-2021

KTFA

Thursday Night KTFA CC

Frank26: 12-16-21 THEY HAVE TO SEE THEM

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=LnvJx8lOJ58

Frank26 and Samson "News and Views" Wednesday PM 12-15-2021

KTFA:

Frank26:  ECONOMIC EXPLOSION BECAUSE OF THE MONETARY REFORM COMPLETION"....F26

Expectations of an unprecedented growth of the economic situation in Iraq

14th December, 2021

A specialized agency expected that Iraq will witness the highest growth in the Gulf oil-exporting countries next year, pointing out that its rates may reach 8.1%.

A report by The National stated that the international credit rating agency, Fitch, stated that the economy of Iraq, the second largest oil producer in OPEC, is expected to witness stronger growth during 2022, at a rate of more than 8.1%, which is the highest growth rate expected among the Gulf oil-exporting countries. 

He stressed that the outstanding financial budgets will further improve the economic conditions of Iraq and the GCC countries, at a time when oil prices will remain strong.   LINK

Frank26:  "THE MARSHALL PLAN WAS A SUCCESS".....F26

Despite Paying Off Debts, America Plays The Role Of Guardianship To Deprive Iraq's Wealth  

14th December, 2021

Economic expert Dia Mohsen stressed, on Tuesday, the necessity of issuing a Security Council resolution to remove Iraq from international trusteeship after paying its foreign debts to Kuwait, indicating that the resolution provides for the protection of Iraq from any other compensatory claims.

Mohsen said in a statement to the "Information" agency, that "Iraq exited from Chapter VII and moved to the Sixth for an important reason, which is to ensure that the influence of the UN Security Council remains on the country," noting that "Iraq's survival under international tutelage is to maintain American influence inside Iraq."

He pointed out that "Iraq paid the last war debts to Kuwait, which amounted to 54 million dollars, and thus Iraq is outside the control of the UN Security Council," explaining that "the Iraqi government broadcasts propaganda for the survival and influence of US forces inside Iraq."

He added that "the Iraqi government is pushing for the survival of American influence in Iraq by keeping the country under Chapter VII, which makes Iraq under the tutelage of the UN Security Council."

He pointed out that "after Iraq has ended all its financial obligations towards Kuwait, the Security Council must issue a decision to completely remove Iraq from the provisions of Chapter VII and end the work of all committees and financial and banking institutions that exercise the role of guardianship over oil revenues and freedom of import and to conduct financial and monetary transactions.  LINK

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Samson:  The Kurdistan Regional Government suspends the official working hours for a whole week

15th December, 2021

The Kurdistan Regional Government is scheduled to suspend official working hours for a full week, on the occasion of the New Year holidays.

According to the official holidays calendar (calendar) approved by the regional government, it will suspend official working hours in all government institutions and departments, except for the health sector and public services, from 12-25-2021 until 1-2-2022.

The New Year's Eve in the region witnesses joyful celebrations that are not limited to residents only, but also include tourists from different regions and cities of Iraq who go to Kurdistan.  LINK

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Samson:  By more than 60%.. Iraq's holdings of US bonds decreased

15th December, 2021

The US Treasury Department reported that Iraq's possession of US bonds decreased by more than 60 percent in ten years to reach $17.954 billion during last September.

The Treasury said in a table seen by Shafak News Agency that Iraq's possession of bonds decreased during ten years by 61.34%, indicating that "Iraq bought US bonds in 2012 at an annual rate of 46.316 billion dollars, to decrease in 2013 to an average of 42.1 billion dollars." Annually, it amounted to an average of $28.2 billion in 2014.

And she added, "The bonds purchased by Iraq for the year 2015 amounted to an annual rate of 25.6 billion dollars, to become these bonds in 2016 as an annual rate of 15.3 billion dollars, to rise slightly in 2017 as an annual rate to 16.6 billion dollars."

And she continued by saying, "The annual rate of bonds purchased by Iraq for the year 2018 amounted to 27 billion dollars, and in 2019 it reached an annual rate of 34 billion dollars."

She pointed out that the annual rate of purchased bonds for the year 2020 amounted to 24.7 billion dollars, and to reach 17.954 billion dollars as an average during the nine months of the current year 2021.  LINK

Samson:  The white paper requires a stable government for two sessions to activate its reform axes

15th December, 2021

Questions arise about the possibility that Iraq will continue to implement the white paper in the next government era, while the former Minister of Electricity, Louay Al-Khatib, believes that Iraq needs a transitional economic reform phase and two stable government cycles, in which it reduces the dependence of federal budgets on oil imports by 12% 5% annually by canceling subsidies, imposing progressive taxes, controlling customs fees, and financing reconstruction and investment funds from petrodollars to increase income and end rentierism.

And the white paper is a project adopted by the government of Prime Minister Mustafa Al-Kazemi, to be a comprehensive road map whose main goal is to reform the economy, and to address the serious challenges facing it, while the specialists believe that the extension of Al-Kazemi’s term will ensure the implementation of the agenda of the paper, which represents a reform program aimed at developing the private sector and reducing dependence on the state and stimulating production in various governmental and private sectors, and this initially increases the possibility of its continuation during the coming period.

Finance Minister Ali Allawi says that during its second year, despite the challenges, the white paper achieved impressive results, namely overcoming the financial collapse and global indebtedness and achieving a cash surplus.

Adviser to the Prime Minister for Economic Affairs Mazhar Muhammad Salih believes that the paper is a dual reform project that seeks to achieve the country's financial sustainability, with the ability to economic sustainability in an integrated manner.

Regarding the most prominent results of the white paper and the possibility that it will last for a longer period, Saleh says that the past year has achieved something clear from the adoption of a road map towards the broader reform path, and this is what we can expect to adopt in maintaining and consolidating the economic future of Iraq without retreat.

Saleh points out that the white paper is an indicator of the progress of the economy and the consolidation of economic life, which is the economic constitution on which any upcoming government curriculum will inevitably be based, calling for the successes and failures of implementing this paper in its first year to be evaluated to amend the course or delete or add important procedural issues to achieve optimal implementation for this reform paper.

In one of the repercussions of the white paper, the economic expert, Dr. Salam Sumaisem, expects the dinar to remain low against the dollar, a plan developed by the Finance Ministry and confirmed through the strategy presented in the white paper.

Al-Kazemi’s government says that the reform white paper was launched to correct structural distortions in the economy, the labor market, and in financial and monetary policies, and during its second year, despite the challenges, it achieved brilliant results, which is to overcome the financial collapse and global indebtedness and achieve a cash surplus.

The observer of political affairs, Ali Hadi Judeh, believes that Iraq will not witness any financial improvement if there is no real economic reform program that includes all financial, monetary, administrative and procedural facilities, and that it includes a realistic plan to reduce the size of the public sector and establish a vital and sustainable private sector and its participation in the state-owned productive sectors, which contributes to Recycle her wheel.   LINK

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Samson:  The arrest of an Iraqi official inside a government institution in a corruption case

15th December, 2021

The Investigations Department of the Integrity Commission reported, on Wednesday, that it was able to thwart an attempt to seize a state property worth (3,000,000,000) billions of dinars in Karbala, and the arrest of an official in the governorate’s Agriculture Directorate red-handed.  

The department indicated, in a statement, that "Nass" received a copy of it, (December 15, 2021), that "the team composed in the Karbala Investigation Office, which moved to the State Real Estate Department and the Real Estate Registration Directorate in the governorate, was able to seize the origin of the book on the property belonging to Ownership of it to the Ministry of Finance and the Book of Validity of Issues, as well as the correction treatment for the real estate and the treatment for the correction of the sex of the real estate according to which the right to dispose of it was changed for the benefit of a citizen, pointing to its estimated value of (3,000,000,000) billion dinars.”  

She added that "the work team was able, in a separate operation, to apprehend the director of the desert division in the Karbala Agriculture Directorate red-handed for receiving a bribe from one of the auditors, in return for completing the transaction procedures for renting a property of an area of ​​(25) dunums, indicating that the bribery had also confessed to them. another as his partner.  

And the department continued, and in a third operation, "the team that moved to a number of government hospitals and health centers in the governorate seized (3,072) expired medicine tapes, pointing out that "these materials were supplied by the General Company for Marketing Drugs and Medical Supplies to health institutions. in the preserve."  

And it indicated that "the expiration date of the test strips installed on the boxes of the tapes refers to 7/31, 2022, while the real expiration date installed on the tapes refers to July 2021."  

She explained, "the organization of seizure records of the operations that were carried out according to
judicial seizure notes, and presented, with the accused, in the second case, to the judge of the Karbala
Investigation Court specialized in integrity issues, who decided to arrest him in accordance with the
provisions of Resolution (160 of 1983) and issue an arrest warrant against his partner."   LINK

Monday Night KTFA CC "Load Em UP" 12-13-2021

KTFA

Monday Night KTFA CC

Frank26:  12-13-21…….LOAD EM UP

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

Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq

Reports from MilitiaMan and Petra tonight.

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=nPmQUQoNeZY

Frank26 and KTFA Members "News and Views" 12-13-2021

KTFA:

Frank26:  PSSSST ................ ANY NEGATIVE HUMANS OUT THERE ...............BEHOLD :

In the face of speculations and warnings posed by international monetary institutions, regarding the Iraqi economy, the Central Bank had accumulated cash reserves of hard currency to 64 billion dollars, which makes it able to influence exchange rates and provide a comfortably stable economic environment.

Don961:  The Central Bank: The cash reserve increased to 64 billion dollars

Monday 13th December 2021  Baghdad: Ahmed Abd Rabbo

  In the face of speculations and warnings posed by international monetary institutions, regarding the Iraqi economy, the Central Bank had accumulated cash reserves of hard currency to 64 billion dollars, which makes it able to influence exchange rates and provide a comfortably stable economic environment.

International reserves, deposits and bonds of foreign currency held by central banks and monetary authorities, are necessary to support the currency and pay the debts owed by the country.

On the other hand, the inflation index in the major countries of the world constitutes an obsession that pushes them to stimulate the interest rate hike of the dollar, and this is what the US Federal Reserve plans to do; By the middle of next year, he will raise interest rates on the dollar.

Those indicators drawn by the US data, the Iraqis read, are an increase in the material returns and interest on Iraqi funds, assets and bonds located in America, most notably the hard currency reserves in the US Federal Bank in Washington.

A senior source in the Central Bank told "Al-Sabah", "The hard currency reserves of the US Federal Bank rose to 64 billion dollars, due to the rise in the oil markets."

The source commented on the possible US decision that "it will bring great financial benefits to Iraq," which was confirmed by the financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih.

Saleh said in a statement to "Al-Sabah": that Iraq "will reap a great benefit in light of the new monetary policy of the United States of America, because the Central Bank of Iraq invests its foreign reserves in the United States, which provides the highest returns and lower risks."   link

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Frank26:  "BANKING SECTOR ON THE RISE... SO IS YOUR CURRENCY & EXCHANGE RATE"...(CBI, UST HAS A SURPRISE FOR YOU -F26).F26

Don961:  Central Bank: Iraq has become attractive to investment

Monday 13th December 2021  Baghdad: morning

 The Governor of the Central Bank of Iraq, Mustafa Ghaleb, said that all indicators of the Iraqi banking sector are on the rise, indicating that Iraq has become an attractive arena for investment.

A statement by the Central Bank, received by {Al-Sabah}, stated that the Governor of the Central Bank of Iraq, Mustafa Ghaleb, “opened the activities of the Iraqi banking week in the Iraq Pavilion at Expo Dubai 2020, in the presence of the head of the Arab Monetary Fund, Abdul Rahman Al-Hamidi, and the head of the Association of Iraqi Private Banks, Wadih Al-Handal, and a number of managers.” The two years in the Central Bank and the heads of the banks’ boards}. 

The Governor of the Central Bank said: {The launch of the activities of the Banking Week in the Iraq Pavilion contributes greatly to the openness of the Iraqi banking sector to the Arab and international world}, indicating that {the supervision of the Central Bank contributed significantly to the development of the banking sector.} 

He added, "There are many Iraqi banks that have begun to expand outside Iraq, and this is what made them obtain good ratings by the competent financial institutions," noting that "Iraq today has become an attractive arena for investments and requires an effective banking sector to keep pace with these investments."

He pointed out that {all indicators of the Iraqi banking sector are on the rise, and this is a good indicator for the outside world, of the need to open up prospects for cooperation with the Iraqi banking sector}.

On the other hand, the head of the Arab Monetary Fund, Abdul Rahman Al-Hamidi, praised the central bank's policy that contributed to the development of the banking sector. 

Al-Hamidi said, "The Governor of the Central Bank of Iraq and the Chairman of the Board of Governors of the Arab Monetary Fund, Mustafa Ghaleb, are now working to ensure the openness of the Iraqi banking sector to Arab and foreign banks," noting that we "praise the measures taken by the Central Bank of Iraq."

The head of the Association of Iraqi Private Banks, Wadih Al-Handal, also confirmed that “the event of the Iraqi Banks Week in the Dubai Expo represents an important sign and a very strong beginning to revitalize banking relations with the outside world,” noting that “the banking sector today represents a major point in the development of the economy.

 Country}. 

And he indicated that {the participation of banks and electronic payment companies in the activities of the Banking Week represents a strong and clear message to the world}, explaining that {Iraq is witnessing an openness carried out by the private sector, and the state must protect it and facilitate its tasks}. 

It is noteworthy that the Iraqi Banks Week, at Expo Dubai 2020 includes many banking activities, informing the public about the banking services provided by banks, as well as holding bilateral meetings between Iraqi banks and banks operating in the United Arab Emirates.   LINK

Frank26:  "THEY'RE SIGNING WITH EVERY BANK IN THE WORLD".......F26

The Central Bank signs a memorandum of understanding with the Emirates Bank  LINK

The Central Bank of Iraq signs a memorandum of understanding with the Central Bank of the United Arab Emirates  LINK

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Frank26:  "READY... SET... GO!!!"........F26

70 Exchange Companies Resume Their Work In Nineveh

70 Exchange companies have resumed their work in the city of Mosul, after stopping for more than seven years, and this was done after the National Security Agency completed its fundamental audit.

The mayor of Mosul, Zuhair al-Araji, said in a statement reported by the newspaper "Al-Sabah" and seen by "The Information", that "the re-work of the banking companies will contribute to improving the city's economy, and facilitate the work of shop owners and businessmen, as a contribution to efforts to restore economic life to what it was before the events of the tenth of June." for the year 2014”.

Al-Araji added, "More than 70 exchange companies in the city had submitted their papers to re-license their work, and it was approved to resume their work after a security audit." He pointed out "the great importance of the province because there are two border crossings with Turkey and the Kurdistan region."    LINK

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Weston:  THIS SAYS IT ALL!!! THEY ARE GOING INTERNATIONAL!!!!!!!

Page 4 - The United Nations imposed on Iraq more than thirty years ago, and the dire consequences and bloodshed as a result of Iraq remaining under the cover of the aforementioned chapter, so that Iraq can exercise its duties with the international community in accordance with the practices of Chapter VI of the Charter of the United Nations and peaceful interaction in international relations and through a safe incubator.  International peace and stability and closing the file of conflicts forever.    

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Samson:  Iraq has the fifth highest inflation rate in the Middle East

13th December, 2021

Iraq ranked fifth with the highest inflation rates in the Arab world, according to Forbes Middle East magazine.

The magazine said in a report that "Sudan ranked first with the highest average inflation rates in the Arab countries for the year 2021, at 194.6%, compared to 163.3% during 2020, after the value of the Sudanese pound fell against the US dollar since the beginning of the year by 695%."

She added that Yemen ranked second in terms of the highest Arab inflation rates this year at 40.7% compared to 23.1% in the year of Covid-19, followed by Libya with 21.1% in 2021 from only 2.8% during the past year, and then the fourth Arab countries with an average annual inflation of 6.5% In 2021, compared to 2.4% last year.

She pointed out that "Iraq ranked fifth in the ranking of the highest inflation rates in the Arab countries, as inflation will rise to 6.4% this year 2021 from 0.6% in 2020, while inflation for 2022 will decrease to 4.5%," noting that "the rise in inflation in Iraq the recovery of domestic demand in Iraq and the devaluation of the currency resulted in inflationary pressures in the country, although the past eight years witnessed stabilization of inflation from low levels due to the decline in import prices and weak demand.

However, the statistics of the Central Bank of Iraq show that the Iraqi dinar fell 23.6% against the dollar, which was exchanged last month at a price of 1480.8 dinars, compared to 1198.4 dinars in March 2020, that is, with the outbreak of the epidemic in the region, and the inflation rate in Iraq rose by 6.8% in the month of October. Last October, according to the Ministry of Planning.

She explained that "the IMF expected Sudan, Yemen, Libya and Algeria to remain in the first four places in terms of the average annual inflation rate for 2022 at 41.8%, 31.5%, 8% and 7.7%, respectively, while Tunisia may displace Iraq from the fifth place, where inflation will reach In Tunisia, it will reach 6.4% next year, while Iraq will record 4.5%.”

Tunisia, whose average annual inflation rate will rise to 5.7% this year from 5.6% last year, is in sixth place, ahead of Egypt, which comes in seventh place, where the average inflation rate for the fiscal year 2020/2021 will reach 4.5% from 5.7% in 2019/2020. 

While inflation in Kuwait will rise to 3.2% this year from 2.1% last year, the average inflation in Saudi Arabia will decline this year to 3.2% from 3.4% last year, provided that it approaches the acceptable limits at 2.2% next year, and the Sultanate of Oman ranks tenth With inflation reaching 3% this year, it is expected to decline to 2.7% in 2022.

The average inflation rate in the rest of the Arab countries will be less than 2% this year, noting that international monetary institutions such as the Federal Reserve and the European Central Bank consider the acceptable level of inflation to be 2% or slightly less.  LINK

KTFA Thursday Night CC "Let my People and My Currency Go Free" 12-9-2021

KTFA

KTFA Thursday Night CC

Frank26: 12-9-21…….LET MY PEOPLE AND MY CURRENCY GO FREE

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=_GLv0qgkc0w