KTFA Membrs "News and Views" Monday PM 1-17-2022
.KTFA:
Frank26: “WE WILL NOT ALLOW YOU TO BREAK YOUR PROMISES TO RETURN THE DINAR TO THE GLORY DAY ERA”……..F26
State Of Law: We Will Not Allow The BudgetTo Pass Without Changing The Dollar Exchange Rate
(YOU PROMISED -F26)
16th January, 2022
Representative of the State of Law coalition, Firas Al-Maslmawi, confirmed that his coalition and other representatives within the same direction will not allow the budget to be passed for the current year except after a reduction in the exchange rate of the dollar against the dinar, pointing out that changing the exchange rate and its rise did not achieve any benefit, and worked on starving people.
Al-Maslamawi told Al-Maalouma, “The general budget for the current year will not be passed in Parliament in the event that the dollar exchange rate continues as it is at the present time.”
KTFA:
Frank26: “WE WILL NOT ALLOW YOU TO BREAK YOUR PROMISES TO RETURN THE DINAR TO THE GLORY DAY ERA”……..F26
State Of Law: We Will Not Allow The BudgetTo Pass Without Changing The Dollar Exchange Rate
Frank26: (YOU PROMISED -F26)
16th January, 2022
Representative of the State of Law coalition, Firas Al-Maslmawi, confirmed that his coalition and other representatives within the same direction will not allow the budget to be passed for the current year except after a reduction in the exchange rate of the dollar against the dinar, pointing out that changing the exchange rate and its rise did not achieve any benefit, and worked on starving people.
Al-Maslamawi told Al-Maalouma, “The general budget for the current year will not be passed in Parliament in the event that the dollar exchange rate continues as it is at the present time.”
He added, “The significant rise in the exchange rate has caused a lot of harm to the people, and it cannot be allowed to continue rising in the current year’s budget, especially since the price change by the government did not achieve any benefit other than starving the Iraqi people.”
And he indicated that “the change in the exchange rate has caused great damage, especially the poor class, and therefore it will not be allowed to continue rising, as there will be a movement towards independent representatives and supporters to reduce the price in order to proceed with it and not pass the budget according to the current rise.”
Frank26: FAMIY WE TOLD YOU THE CBI SAID IF YOU’RE NOT READY PARLIAMENT, WE ARE NOT WAITING FOR YOU -F26)
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Prehistoric Man: Thanks clare for the postings in the final article thread. Like seeing Franks comments in blue to explain the articles.I was wondering though what does he mean when he says the cbi is not waiting for you? Can someone elaborate?
Yooper75: The CBI is saying they are not waiting for Parliament if they are not ready.
Clare: THE CBI CAN ACT INDEPENDENTLY IF THEY SO CHOOSE TO ON THE EXCHANGE RATE (ARTICLES ARE IN FA THREAD THAT DOCUMENT THIS)
FRANK HAS EXPLAINED THEY WANT TO BE “SHOULDER TO SHOULDER”… THIS WILL GIVE CONFIDENCE IN FRONT OF THEIR PEOPLE TO RELEASE THE NEW EXCHANGE RATE…BUT WHEN IS “ENOUGH IS ENOUGH?” THAT WILL REMAIN TO BE SEEN AS WE CONTINUE TO WATCH THIS ROLL OUT. IMO
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Samson: The Pentagon commemorates the 31st anniversary of Desert Storm and records four events that occurred for the first time
16th January, 2022
Sunday, the US Department of Defense website has recovered the 31st anniversary of the start of Operation Desert Storm, which was carried out under the leadership of the United States to expel the Iraqi forces that occupied Kuwait and former President Saddam Hussein refused to withdraw them.
The report of the US Department of Defense, translated by Shafak News Agency, said that this war, also known as the Gulf War, began on January 16, 1991, five months after Saddam’s occupation of Kuwait and his announcement of its annexation to Iraqi territory.
The report indicated that in response to Saddam’s actions, the United States and the allied countries began to mobilize their forces on Saudi soil, that is, in the period preceding “Desert Storm”, it was called “Operation Desert Shield”. In the early hours of January 16, 1991, the air campaign began with the participation of military aircraft and helicopters, destroying the Iraqi air defense systems, and destroying Iraqi radars with Hellfire missiles.
For 42 days, US and allied attack aircraft, along with transiting “Cruise” missiles, continued to launch attacks on Iraqi sites and supply lines.
On the other hand, the report pointed out that the Iraqi forces did not stand still. On January 29, 1991, they attacked the Saudi city of Khafji and took control of it, but the US, Saudi and Qatari forces expelled it from the city two days later.
According to the report, the ground offensive began on February 24, as US and allied forces penetrated deep into Kuwaiti and Iraqi territories, and the ground advance was so decisive that Iraqi forces surrendered in large numbers within hours.
By February 28, the US and allied forces defeated the Iraqi army, which it described as the fourth largest in the world, and liberated Kuwait.
The report stated that during the air and ground attacks, the American and allied forces destroyed more than 3,000 tanks, 1,400 armored personnel carriers, 2,200 artillery pieces and a myriad of other mechanisms.
The report considered that this war showed the importance of the 35 allies and partners who formed the coalition for the liberation of Kuwait, which also included some Arab countries.
According to the report, in this war, things and events were recorded for the first time:
– It was the first war in which television channels were broadcast live from the battlefronts.
The war witnessed the largest tank battle in the history of the United States.
– The “Patriot” missile system was used in the battle for the first time, and the Iraqi “Scud” missiles were confronted.
– It was the first time that GPS and precision-guided munitions were used on such a large scale. LINK
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Samson: Blue Water to open Office in Iraq
15th January, 2022
Blue Water Shipping’s Energy and Projects Division has announced plans to open an office in Iraq.
Thomas Bek, Global Director of Energy & Projects at Blue Water, said:
“Our customers in the energy sector operate internationally, and it is, therefore, a strategic objective that we continuously develop our organization to meet the demand and expectations of the market.
“We see significant synergies between the oil & gas sector and the renewables sector, as some of the companies that traditionally operate in oil & gas show an interest in diversification within renewable energy.“
The company did not say where in Iraq they would open the new office. LINK
Samson: Baghdad Operations: Two wounded by two explosive devices detonated in front of two banks in Karrada
01/16/2022 22:39:11
The Baghdad Operations Command announced that two people were injured in the explosion of two explosive devices in front of two banks in the Karrada area in the center of the capital this evening.
“The two wounded were slightly injured,” the operations commander said.
Two explosions occurred this evening in the Karrada area, and reports indicate that they were carried out with sticky bombs. LINK
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Samson: The President of the Republic: The recent explosions come at a suspicious time targeting civil peace
01/17/2022 00:32:43
The President of the Republic, Barham Salih, confirmed that the recent explosions that rocked Baghdad come at a suspicious time targeting civil peace.
Saleh said in a tweet on his Twitter account, “The recent bombings in Baghdad are condemned criminal terrorist acts that threaten the nations and stability of citizens and come at a suspicious time targeting civil peace and constitutional entitlement by forming a capable government that protects the Iraqis and guarantor of the independent national decision.”
The Security Media Cell had announced earlier on Sunday evening that “the security forces opened an investigation into two simultaneous incidents in the Karrada area of Baghdad that occurred this evening. Al-Wathiq Square, and the two accidents resulted in light injuries to two citizens. LINK
Thursday Night KTFA CC "The CBI IS Telling Everyone" 1-13-2022
.KTFA
Thursday Night KTFA CC
Frank26: 1-13-22……..THE CBI IS TELLING EVERYONE
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq
R.E.E.R. > Real Effective Exchange Rate
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE
KTFA
Thursday Night KTFA CC
Frank26: 1-13-22……..THE CBI IS TELLING EVERYONE
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq
R.E.E.R. > Real Effective Exchange Rate
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
A few articles highlighted on tonight’s video:
FINAL ARTICLE #1424
Frank26 “IRANIAN RIAL… TURKISH LIRA… MOVE OVER FOR THE LEBANESE POUND ALL AGAINST THE DOLLAR IN ORDER TO PLAY FAIR… TAKE NOTE ALL: THE MIDDLE EAST COUNTRIES CURRENCIES ARE DESPERATELY WAITING FOR THE IRAQI DINAR TO FORM THE MIDDLE EAST BASKET”…..F26
A “record” collapse of the Lebanese pound against the dollar
01/11/2022 13:56:34
The Lebanese pound fell today, Tuesday, to its lowest level ever, as the dollar exceeded 33,000 pounds for the first time since the beginning of the economic crisis in 2019.
According to websites and mobile phone applications to track the black market price, the dollar recorded today, Tuesday, 33,100 pounds for sale, and 33,000 pounds for purchase.
It is noteworthy that the official exchange rate of the Lebanese pound has been fixed since 1997 at 1,507 pounds to the dollar, but the market value of the national currency fell by more than 95% within two years of the economic crisis.
The minimum wage is now less than 23 dollars, while the prices of fuel and many basic commodities for which subsidies have been lifted, continue to rise. LINK
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FINAL ARTICLE #1425
Frank26: “‘NYET’ SORRY RUSSIA YOU CAN NOT JOIN THE ME BASKET”….F26
Will we witness ‘currency wars’ in 2022?
11th January, 2022
The Russian economic expert, Yulia Vinogenova, indicated that there is a high probability of a currency war between the euro and the dollar, and the depreciation of the ruble during the current year.
The expert said: “If the geopolitical risks materialize, in particular, the escalation of the tone of sanctions against Russia and a new round of conflict with Ukraine, we can expect a relative rise in gas prices, which the European Union will have to deal with. This may lead to a strengthening of the dollar and a weakening of the euro.” At least in the first quarter of 2022.
The expert added that the main tool in currency wars is the devaluation of national currencies compared to foreign currencies. With regard to the Russian ruble, the expert expected that the value of the Russian currency will decrease by 5% – 6% by mid-2022.
For his part, Adviser to the Director General of Macroeconomics of Otkritie Broker, Sergey Khastanov, expected the dollar to rise significantly against the currencies of developing countries during the current year.
The economist added that the main factors behind the rise in the dollar exchange rate are the tightening of the monetary policy of the US Federal Reserve system, and the potential outflow of capital from emerging markets. According to Khastanov’s estimates, the tightening of monetary policy will slow the growth of the global economy, and the economy of the United States in particular. LINK
FINAL ARTICLE #1426
Frank26: “CBI STUDIES THE ME BASKET”….F26
Study analyzing the impact of the depreciation of the Turkish lira on the Iraqi economy
11th January, 2022
Study analyzing the impact of the depreciation of the Turkish lira on the Iraqi economy
To view the study… click here
https://cbi.iq/news/view/1916
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FINAL ARTICLE #1428
Frank26: “I LOVE IT, I LOVE IT, I LOVE IT”….F26
Economist: The Government Has No Justification To Continue Raising The Dollar Exchange Rate
12th January, 2022
The economic expert, Ihsan Al-Kinani, confirmed that the government does not have any justification to continue to raise the exchange rate of the dollar in the local markets, pointing out that oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate.
Al-Kinani told Al-Maalouma, “Oil prices exceeded 80 dollars per barrel, at a time when Iraq was able to overcome the financial crisis that occurred in 2020, which pushed towards raising the exchange rate of the dollar, and today the need for that is no longer needed.”
He added, “Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate, especially after the completion of Kuwait’s compensation and the rise in oil prices,
Frank26: (HOW MANY TIMES AND HOW MANY DIFFERENT WAYS DO YOU HAVE TO BE TOLD TO RAISE THE VALUE OF YOUR CURRENCY -F26) as well as the increase in oil production by OPEC after its last meeting on Tuesday of last week.”
And he indicated that “the next budget will be decisive, either to continue starving the people, (PROGRAM RATE -F26) or to return things to their previous status by reducing the exchange rate and specifying it in the budget.” (IN OTHER WORDS SPIT IT OUT IN THE BUDGET & THE WHITE PAPERS -F26)
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FINAL ARTICLE #1429
Frank26: “HOOVER AND DYSON ARRIVED IN IRAQ”….F26
Including a current minister.. 98 arrest warrants and summonses were issued against senior officials in December
12th January, 2022
The Federal Integrity Commission announced, on Wednesday, the issuance of 98 arrest warrants and summonses during the month of December, noting that these orders were issued against 85 senior officials, including a current minister.
The investigation department of the commission said, in a statement received by Mawazine News, that “the arrest and recruitment orders issued by the judicial authorities came against the background of cases investigated by the commission’s investigation directorates and offices in Baghdad and the provinces and referred them to the judiciary,” noting that “98 arrest and recruitment orders were issued against Senior officials of the highest ranks for the period from (1-31/12/2021), including (21) arrest warrants and (77) recruitment orders.
The department stated, “The orders included a current minister, a former minister, three former ministers, a former undersecretary and nine former deputies, as well as current governors, (8) former governors and (5) former, and the orders also included (21) current director-general and (15) directors. A year ago and seven before, while 12 orders were issued against members of provincial councils.
Frank26, MilitiaMan and more....Thursday Afternoon 1-13-2022
.KTFA:
Frank26: “I LOVE IT, I LOVE IT, I LOVE IT”…(HOW MANY TIMES AND HOW MANY DIFFERENT WAYS DO YOU HAVE TO BE TOLD TO RAISE THE VALUE OF YOUR CURRENCY.F26
Samson: : Economist: The Government Has No Justification To Continue Raising The Dollar Exchange Rate
12th January, 2022
The economic expert, Ihsan Al-Kinani, confirmed that the government does not have any justification to continue to raise the exchange rate of the dollar in the local markets, pointing out that oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate.
Al-Kinani told Al-Maalouma, “Oil prices exceeded 80 dollars per barrel, at a time when Iraq was able to overcome the financial crisis that occurred in 2020, which pushed towards raising the exchange rate of the dollar, and today the need for that is no longer needed.”
He added, “Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate, especially after the completion of Kuwait’s compensation and the rise in oil prices, as well as the increase in oil production by OPEC after its last meeting on Tuesday of last week.”
KTFA:
Frank26: “I LOVE IT, I LOVE IT, I LOVE IT”…(HOW MANY TIMES AND HOW MANY DIFFERENT WAYS DO YOU HAVE TO BE TOLD TO RAISE THE VALUE OF YOUR CURRENCY.F26
Samson: : Economist: The Government Has No Justification To Continue Raising The Dollar Exchange Rate
12th January, 2022
The economic expert, Ihsan Al-Kinani, confirmed that the government does not have any justification to continue to raise the exchange rate of the dollar in the local markets, pointing out that oil prices and financial abundance make it imperative for the next government to take measures to reduce the exchange rate.
Al-Kinani told Al-Maalouma, “Oil prices exceeded 80 dollars per barrel, at a time when Iraq was able to overcome the financial crisis that occurred in 2020, which pushed towards raising the exchange rate of the dollar, and today the need for that is no longer needed.”
He added, “Iraq has all the financial capabilities and qualifications that necessitate a reduction in the exchange rate, especially after the completion of Kuwait’s compensation and the rise in oil prices, as well as the increase in oil production by OPEC after its last meeting on Tuesday of last week.”
And he indicated that “the next budget will be decisive, either to continue starving the people, or to return things to their previous status by reducing the exchange rate and specifying it in the budget.”
MilitiaMan: I hope we all can see the road map that they are presenting to the world. Directly speaking out that they have no justification to in raising the dollar exchange rate.
They have the opposite in mind.
They are telling us the 2022 budget is ready and that they have the capabilities and the qualifications to reduce the exchange rate whereby, to create an environment to benefit the citizens with a clear path for investment projects.
Yasser A Metwally from the GCC is telling Iraq it is time to adjust the exchange rate to enhance value of the Iraq Dinar against the Dollar.
The CBI has told us they are to integrate the Iraqi Banking System with the world. Well looks like they have come along way in that regard and state so.
They even now have the Kurdistan Regional Government linked to the global banking system.
With all that said, having met the compensation obligations with Kuwait, having inter linked Iraq’s Banking System to the Global System, having the borders automated for taxes, tariffs, customs and fees, etc., should make everyone see the picture they are painting.. It is an international one.. A very welcomed one..
I surely like where we are.. imo ~ MM
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Saleh said that “the draft 2022 budget is ready, and for the first time it contains a clear plan for investment projects and built for a period of three years, and each of these three years includes allocations so that there is no commitment and delay,” revealing that “the 2022 budget was built on the basis of an oil price of 50 Dollars per barrel, although the current oil prices have risen to 80(+) dollars per barrel.
Saleh pointed out that “Iraq has great prospects by its integration into the global economy,”
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Sunday 09 January 2022
Yasser Al-Metwally
It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar. ~ GCC
Central Bank of Iraq
Media Office
December 21, 2021
LINK
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.
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She added that “the Iraqi government wants to achieve two goals, the first is a message of friendly signal to Kuwait of its commitment to implement its commitments, and the second is to re-integrate the Iraqi banking system with the global banking system.”
On November 21, 2021, the Central Bank announced the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation would contribute to removing Iraq from Chapter VII.
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“government reforms, including public finances, services, contract procedures, border crossings, and the transparency of oil sales that Deloitte is reviewing, have made us stronger in our fight against corruption, as we have strengthened oversight of our revenues by linking the Kurdistan Regional Government to the global banking system, and now with increasing looming on the horizon for EU financial and investment cooperation, banking sector reform and support will be much easier to provide services to the public.”
Samson: Specialist Calls On MPs To Fulfill The Return Of The Dollar Exchange Rate
13th January, 2022
The expert in economic affairs, Basil Al-Obaidi, called, on Wednesday, for members of the House of Representatives in the current parliamentary session to fulfill their promises they made to themselves regarding the follow-up of the file of the exchange rate of the US dollar against the Iraqi dinar and seek to return it to its previous era.
Al-Obaidi said in a statement to the “Information” agency, that “the members of the House of Representatives in the current session, and before winning the parliamentary seats, made a pledge to adjust the exchange rate of the US dollar against the Iraqi dinar, which affected the poor and greatly affected large layers of the people.”
He added, “The government’s decision, represented by the Ministry of Finance, to suddenly raise the exchange rates of the dollar against the dinar created a real economic crisis for the Iraqi citizen, resulting in a significant increase in the prices of most of the materials used to be purchased.”
Al-Obaidi indicated, “The Ministry of Finance is responsible for this decision, which it planned and directed to implement at a time when international oil prices and the reserves of the Central Bank have witnessed a decline, pointing out that “cash reserves have become promising, and oil prices have also begun to gradually rise.”
He pointed out that “the rise in international oil prices and the financial abundance that resulted from it made it imperative for the next government to take measures to reduce the exchange rate below the current or return it to its previous era.”
The rise in the price of the US dollar against the Iraqi dinar exacerbated the suffering of large layers of society, which prompted citizens to austerity to manage their affairs, amid difficult living conditions.
ATPInfinity:“before winning the parliamentary seats, made a pledge to adjust the exchange rate of the US dollar against the Iraqi dinar“
Monday Night KTFA CC "The Mother Of All Articles" 1-10-2022
.KTFA
Monday Night KTFA CC
1-10-22….THE MOTHER OF ALL ARTICLES
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
KTFA
Monday Night KTFA CC
1-10-22….THE MOTHER OF ALL ARTICLES
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
Thoughts From Frank26 Sunday Night 1-9-2022
.KTFA:
Frank26: (AS SOON AS THE NEW SEATED GOV PASSES THE BUDGET LAWS THE BUDGET, WHITE PAPERS & EXCHANGE RATE WILL BE EXPOSED – F26)
Dinar file
Saturday 08 January 2022Thamer Al-Haims
Fitch International, the international credit rating agency, expected that Iraq will witness the highest growth in the Gulf oil-exporting countries next year, to rates that may reach 1.8%.
Undoubtedly, the national product as a whole is affected by the infrastructure of the stability and strength of the national currency. It is known that the rise and fall of currencies in light of the relationship with economies is dealt with, most notably the dollar.
KTFA:
Frank26: (AS SOON AS THE NEW SEATED GOV PASSES THE BUDGET LAWS THE BUDGET, WHITE PAPERS & EXCHANGE RATE WILL BE EXPOSED – F26)
Dinar file
Saturday 08 January 2022Thamer Al-Haims
Fitch International, the international credit rating agency, expected that Iraq will witness the highest growth in the Gulf oil-exporting countries next year, to rates that may reach 1.8%.
Undoubtedly, the national product as a whole is affected by the infrastructure of the stability and strength of the national currency. It is known that the rise and fall of currencies in light of the relationship with economies is dealt with, most notably the dollar.
We hear, for example, about the decline of the Turkish lira and the Iranian toman, and this is done through a central decision, as is the case with the Iraqi dinar, as happened recently from a reduction, to counter the bleeding of the dollar, as a result of excessive importation, not as is the case with the two neighbors, as we imported the cheapest in hard currency and what competes with the national product.
Grape leaves, yellow corn stalks and even molasses were imported, while the aim was to reduce external transfer for the purposes of the importer, which means that the flotation door is still wide open, as we did not notice a difference or reduction in external transfer for import purposes in its excessive aspect when we compare it with Devaluation of the dinar.
The sales of the currency window did not decrease by a quarter, as did the dinar, as on the contrary, the product was keeping pace with and matching the price of the importer, in addition to the costs that made it rise compared to its imported counterpart, which is not covered by the standards of the Iraqi specification, as a privilege for the importer to be applied only to the national product.
According to the Ministry of Finance and its standards, the country should receive 7 billion from customs annually, but in fact, only 12% of customs resources reach the Ministry of Finance, and the smuggled funds since 2003 amounted to 350 billion dollars, which is equivalent to 32% of the revenues Iraq in 18 years. The question is, was the smuggled plus the seven billion annually in customs waste sufficient to prevent the dinar’s value from depreciating? Let’s prepare for our oil resources with which we will compete with oil countries in OPEC, and allocate a special fund for lawsuits to follow up on smuggled money in safe and unsafe international havens.
We can also reach an understanding with the Turks with a reasonable commercial offer in exchange for water that has been reduced by half to secure our food security, which is not only represented by wheat, but also related to Devices and equipment that raise the level of our agriculture while it faces a water crisis in any case, despite the presence of an advanced Iraqi industry for sprinklers in Alexandria factories.
An equal economic relationship with neighboring countries, in general, may develop from barter valued in dollars, then move towards monetary exchange in national currencies, in addition to political and security stability and the consequent of integrated projects bilaterally or regionally in the light of international projects, which enhances a stable dinar.
In any case, the process of floating the dinar was and still does not reflect the accounts of the threshing floor, but rather the calculation of a field that has long been exposed to the factors of corruption, and the result was an increase in the poverty rate while we face the challenges of organized smuggling and the water file, meaning that monetary policy requires transparency through which it is presented in the next budget and a return to the system of opening credits Documentary, to end the stage of exceptions and emergencies, which have become a fundamental reason for the fragility of the dinar. LINK
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Frank26: (I WISH I WOULD’VE SAID MR 1ST AND ER 2ND!!! LOL!!! – F26)
Exchange rate first
Sunday 09 January 2022Yasser Al-Metwally
It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar.
And now that the reasons that prompted the decrease in the exchange rate of the dinar against the dollar as a monetary treatment to overcome the obstacle of the country being forced to borrow externally and internally have disappeared,
Frank26: (THEY DISAPPEARED ON DEC. 20TH 2021, HAPPY BIRTHDAY CBI – F26)
there is no justification for sticking to this painful measure that touched the lives of all segments of society.
Frank26: (THE SANCTIONED PR (Program rate) WAS TO PUNISH THE GOI AND CBI… BUT NEVER TO PUNISH THE CITIZENS – F26)
The direct reason for this tight monetary policy was the drop in global oil prices with the effects of the Corona pandemic, and the world has largely overcome this difficult ordeal.
With the return of oil prices to the rise, (FOR THE FLOAT – F26)
a cash surplus was achieved that contributed to supporting and strengthening the Iraqi cash reserve, (FOR THE RV TO CALCULATE THE RI – F26) the safety valve for periodic financial crises and natural disasters.
In addition to the above, Iraq was able to close the curtain on the debts imposed on Iraq forcibly to Kuwait. (BYE BYE CHAPTER 7 – F26)
These factors and indicators are encouraging to readjust the exchange rate to what it was before the revaluation of the dollar against the Iraqi dinar. (IT’S ALREADY BEEN DONE… IT’S BEING INTRODUCED TO THE CITIZENS OF IRAQ – F26)\
Perhaps one of the most important reasons and justifications for the demand to return the exchange rate to its normal state is the situation and the painful effects that the citizen has endured, forcing him to give the government the opportunity to address the already dire financial situation.
The measure to reduce the exchange rates of the Iraqi dinar against the dollar has caused chaos in the market and broke down the stability that the market enjoyed at the previous rate. (BUT IT WAS PART OF THE CBI/IMF MONETARY REFORM PROCESS TO LOWER THE VALUE ON DEC 20TH 2020 – F26)
The prices of materials and goods have been inflamed, which has affected the purchasing power of the citizen. You can imagine the extent of the suffering caused by the prices of medicines and basic materials for all segments of society, especially the poor, the retired and the employees. (THE BANANAS WERE SPOILING – F26)
The measures taken by the government to treat the poor segments were not equivalent to the effects of the exchange rate difference.
Accordingly, one of the tasks of the new government is to take decisions to restore the price and take strict measures against price manipulators, especially medicines and important commodities that touch the citizen’s livelihood by activating the role of careful monitoring of the market. (+ OR – 2% – F26)
In mentioning the prices of medicines, the Pharmacists and Physicians Syndicates must activate their role in monitoring and accountability.
For this reason, let us make readjusting the exchange rate the first task of the next government and parliament to relieve the burden of the citizen. (KTFA FAMILY IMO I HAVE SEEN AND READ THESE WORDS BEFORE BUT MY TEARS NOW REJOICE THAT YOU TOO CAN NOW READ THESE SAME WORDS PRAISE GOD AMEN – F26)
And a question that comes to mind, can the concerned authorities begin to gradually reduce the exchange rate until the formation of the government to mitigate the double effects on both sides of the equation? LINK
Frank26: (KTFA FAMILY… THIS LAST PART IS TELLING THE GOI THAT THE CBI WANTS TO SHOW THE IRAQI CITIZENS THE NSCN’S/NEW EXCHANGE RATE AS SOON AS POSSIBLE… AND IF YOU GOI ARE NOT READY BY THE 15TH THEN WE WILL SHOW THE CITIZENS TO REDUCE ANY CONFUSION ON BOTH SIDES BECAUSE IT MUST NOT FAIL………. ON THE SIDE OF THE CITIZENS – F26)
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Frank26: “REST IN PEACE AND THANK YOU… TO THE AUTHOR OF THE MONETARY REFORM PLAN FOR IRAQ’S CURRENCY AMEN”……..F26
Samson: The President of the Republic offers condolences on the death of the former Central Bank Governor, Sinan Al-Shabibi
8th January, 2022
The President of the Republic, Barham Salih, offered his condolences on the death of former Central Bank Governor Sinan Al-Shabibi.
Saleh said in a statement that Mawazine News received a copy of it, that “with great sadness and pain, we received the news of the death of Professor Dr. Sinan Al-Shabibi, the discreet Iraqi national and academic, recalling his long, busy and perseverance career and his work in the service of state institutions, and the economic and financial sectors.”
He added, “My deepest condolences to the family of the deceased and to all his friends and lovers, and the wide mercy to him and the perpetuation of the good remembrance.” LINK
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Samson: The Central Bank of Iraq mourns its former governor
8th January, 2022
The Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb, mourned the death of the brilliant economic and banking personality, Professor Dr. Sinan Muhammad Reda Al-Shabibi, who passed away next to his honorable Lord after a long professional and scientific career.
He prayed to God Almighty to make his abode in heaven and to pay for the footsteps of the institution that he contributed to managing with dedication for nearly a decade. We belong to Allah and to Him we shall return.
Central Bank of Iraq
1/8/2022 LINK
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
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
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.
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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.
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
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
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
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
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
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
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.
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
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