Frank26, KTFA Deb Aspinwall Frank26, KTFA Deb Aspinwall

Frank26, MilitiaMan and Members "Immediately" Thursday 2-17-2022

.KTFA:

Clare: FROM FRANK:
FRANK SAID TO REMIND YOU OF WHAT HE SAID: “THEY ARE LOSING TOO MUCH MONEY! …. THEY NEED TO STOP THE BLEEDING!!!”….. FRANK26

“IMMEDIATELY!!!”………F26

After al-Sadr’s tweet, the Iraqi parliament summons the Minister of Finance and the Governor of the Central Bank

2022-02-17 11:19

Shafaq News / The Presidency of the Iraqi Parliament announced, on Thursday, summoning the Minister of Finance, Ali Allawi, and the Governor of the Central Bank, Mustafa Ghalib, to the council building immediately.

KTFA:

Clare:  FROM FRANK:
FRANK SAID TO REMIND YOU OF WHAT HE SAID: “THEY ARE LOSING TOO MUCH MONEY! …. THEY NEED TO STOP THE BLEEDING!!!”….. FRANK26

“IMMEDIATELY!!!”………F26

After al-Sadr’s tweet, the Iraqi parliament summons the Minister of Finance and the Governor of the Central Bank

2022-02-17 11:19

Shafaq News / The Presidency of the Iraqi Parliament announced, on Thursday, summoning the Minister of Finance, Ali Allawi, and the Governor of the Central Bank, Mustafa Ghalib, to the council building immediately.

The Presidency said, in a brief statement received by Shafak News Agency, that the summoning of financial officials came as a “response” to the directives of the leader of the Sadrist movement, Muqtada al-Sadr.

Al-Sadr had presented, earlier today, six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the governor of the Central Bank, Mustafa Ghaleb, immediately.

Al-Sadr’s proposals included, according to a statement received by Shafak News Agency, “strongly stopping currency smuggling, looking into the matter of some banks such as (Middle East, Al-Qaded, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some parties. controlling the country and the people.

In addition, Al-Sadr urged “to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate.”

It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar against the dinar in the 2021 budget, to equal every 100 dollars 145 thousand dinars, after it was 121 thousand.

It is worth noting that all the prices of materials and commodities in the Iraqi market witnessed a significant increase, in conjunction with the devaluation of the dinar, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs.

LINK

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2022-02-17 13:17

 Shafaq News / The leader of the Sadrist movement, Muqtada al-Sadr, presented, on Thursday, six proposals regarding the exchange rate of the dollar against the Iraqi dinar, including summoning the Minister of Finance, Ali Allawi, and the Governor of the Central Bank, Mustafa Ghaleb, immediately.
 
Al-Sadr’s proposals included, according to a statement received by Shafaq News Agency, “strongly stopping currency smuggling, looking into the matter of some banks, such as (Middle East, Al-Qaded, and Al-Ansari) belonging to some people who control the currency, and other private banks, and dealing firmly with banks belonging to some parties. controlling the country and the people.
In addition, Al-Sadr urged “to organize the Iraqi currency market centrally and in a correct manner, by enacting some laws that increase the value of the dinar exchange rate.”
 
Al-Sadr had called yesterday, Wednesday, to spare the Iraqis the damages of interest resulting from the high exchange rates of the dollar in the country.

Al-Sadr wrote in his Twitter post, “The rise in the dollar exchange rate, and the benefits and damages that it entails, should not at all cause a rise in the prices of commodities in the markets, especially the important ones.”

And he stressed the need to work through economic security, to punish all merchants who seek to do so, and the like, and according to the law, especially among the people approaching the month of Ramadan. 

It is noteworthy that the annual inflation in Iraq rose significantly after raising the exchange rate of the dollar against the dinar in the 2021 budget, to equal every 100 dollars 145 thousand dinars, after it was 121 thousand.

It is worth noting that all the prices of materials and commodities in the Iraqi market witnessed a significant increase, in conjunction with the devaluation of the dinar, which sparked a wave of strong resentment among the popular circles, as well as the objections of some interested in economic affairs. LINK

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 Al-Sadr demands that the Iraqis be spared the damages of interest accruing from the high exchange rates of the dollar

16th February, 2022

The leader of the Sadrist movement, Muqtada al-Sadr, demanded, on Wednesday, that Iraqis be spared the interest damages gained from the rise in dollar exchange rates in the country.

Al-Sadr wrote in his Twitter post, “The rise in the dollar exchange rate, and the benefits and damages that it entails, should not at all cause a rise in the prices of commodities in the markets, especially the important ones.”

Al-Sadr stressed the need to work through economic security to punish all merchants who seek to do so, and the like, according to the law, especially among the people approaching the month of Ramadan.

Translation…..

In his name, the Most High, peace be upon Iraq and its people. After the rise in the exchange rates of the dollar.. and the benefits and harms in it, it should not at all be an increase in market prices, especially with regard to the important commodities that the people need in their daily life.  Absolutely .  Rather, it is necessary to work through economic security to punish all merchants and the like who seek to do so and in accordance with the law, especially as we are approaching the blessed month (the month of Ramadan), but absolutely.  The government must deal firmly with all violators, no matter who the perpetrator is.

And the merchants should take into account the people, not rush their money, and not deal with my valley with greed, for they are responsible before God, the people, and before us as a whole.  The most important thing is for the people to live with dignity, pride and luxury, and the poor among them, who are barely getting their strength, must be taken into consideration. 

Daily through the ration card and by not increasing the price of basic mission commodities, especially vegetables, grains, construction prices, and the like.  Although there is a claimed benefit from the rise in the exchange rates of the US dollar, it should not be at the expense of the people, the poor, the destitute and the needy, otherwise it will inevitably be unfair.  Muqtada al-Sadr …. LINK

MilitiaMan:  I’ll bet there is nothing in the world now that is going to stop this Man, Sadr. He has been on fire for months now. The man has strategically and instrumentally worked his magic.

He has neutered Maliki.. He has exposed corruption at every turn. He has peeked into the Swiss accounts and found hundreds of billions in assets that belong to the Iraqis. He has made sure that the White Papers reforms for the citizens is on track with his PM.

 He has told the citizens he was pro exchange rate change at the start this year. He is on track for that today, too. With six proposals before the parliament now shows he is playing by the rules.

He has a Government in place now and is having the Presidency summon the two key players in the exchange rate and who allows the money to flow out. The CBI has the rate and the Finance Minister has the laws to allow the money to be spent.

This not for later it is now, immediately..

We know that there is urgency, as stated. We also know that there are agreements being done with the Kurds, alliances if you will. The agreements will be about the HCL and that we all know now has been sorted by the Federal Court..

With the money (100s Billions) they have to be clawed back is likely the Ace Sadr had put in his hand the other day, it reeks of the imminence of an exchange rate change to come immediately.. 

Wow.. Looking so very promising. 

We have Parliament personnel in New York today and tomorrow at the UNSC, then Halabousi has parliamentary meetings in Cairo this weekend. That is government, not finance. The negotiations are all done by now, thus no finance component mentioned to be in the meetings.

The dissolution of the committee with the UNSC on Chapter VII is slated for finality on 02/22/2022..

I suspect the IMF will make the decision to accept the new exchange rate and re instate the IQD to Article VIII, where it was to be forever.. Lets see what they do next.

I’ll be it is going to be powerful!!! ~ MM

JaimieO:  YA GOTTA LOVE THAT WORD IMMEDIATELY !!!   Lets see if they know what it means in the middle east.    IMO

Jerry1971:   THANK YOU MILITIAMAN EXCELLENT ANALYSIS & BREAKDOWN OF VARIOUS IMPORTANT EVENTS GOING ON IN IRAQ SURELY THINGS ARE FRUITFULLY COMING TO A CONCLUSION SADR IS ON A ROLL TO ROLL OUT THIS RI HE HAS THE BACKUP OF THE PARLIAMENT AND THE PM HIS INTENSIONS SEEMS CLEAR TO HELP THE POOR PEOPLE OF IRAQ ALL SOUNDING VERY GOOD IMO       

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Frank26, KTFA Deb Aspinwall Frank26, KTFA Deb Aspinwall

Monday Night KTFA CC with Frank26 "On Course...Of Course" 2-14-2022

.KTFA

Monday Night KTFA CC

Frank26: 2-14-22……….ON COURSE …OF COURSE

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

FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO….

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

Frank26:  2-14-22……….ON COURSE …OF COURSE

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

FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO….

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=VsJ1rhzEQps

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Frank26, KTFA Deb Aspinwall Frank26, KTFA Deb Aspinwall

Frank and KTFA Members Possible Questions for Banks 2-9-2022

.Note: Not all questions may fit your own personal circumstances…….Use what you think you need.

KTFA:

Clare: A FEW MEMBERS ASKED FOR THE BANK QUESTIONS SO HERE IT IS AGAIN IN CASE YOU MISSED IT:

THESE ARE FRANK’S BANKS QUESTIONS THAT YOU MAY WANT TO SAVE FOR YOURSELF…

1.IF I DEPOSIT MY PROFIT IN YOUR BANK …………… HOW MUCH WILL YOUR FDIC COVER MY ACCOUNT ………………. WILL YOUR BANK CONNECT ME WITH YOUR INSURANCE COMPANIES?…….

2. WILL YOUR BANK GIVE ME A CARD TO WITHDRAW ……….. UNLIMITED AMOUNTS?…………. DO I NEED APPOINTMENTS TO WITHDRAW CASH ? WILL YOUR BANK ESTABLISH A CASH RESERVE FOR MY ACCOUNTS?……

3. YO YO YO MR BANKER ……………. U ALL GOT “CDARS” TO PROTECT ME WITH ?…….F26

THE FOLLOWING QUESTIONS ARE FROM PREMIUM MEMBERS THAT WERE POSTED IN CHAT BEFORE FRANK WENT TO THE BANK.

Note: Not all questions may fit your own personal circumstances…….Use what you think you need.

KTFA:

Clare:  A FEW MEMBERS ASKED FOR THE BANK QUESTIONS SO HERE IT IS AGAIN IN CASE YOU MISSED IT:

THESE ARE FRANK’S BANKS QUESTIONS THAT YOU MAY WANT TO SAVE FOR YOURSELF…

1.IF I DEPOSIT MY PROFIT IN YOUR BANK …………… HOW MUCH WILL YOUR FDIC COVER MY ACCOUNT ………………. WILL YOUR BANK CONNECT ME WITH YOUR INSURANCE COMPANIES?…….

2. WILL YOUR BANK GIVE ME A CARD TO WITHDRAW ……….. UNLIMITED AMOUNTS?…………. DO I NEED APPOINTMENTS TO WITHDRAW CASH ? WILL YOUR BANK ESTABLISH A CASH RESERVE FOR MY ACCOUNTS?……

3. YO YO YO MR BANKER ……………. U ALL GOT “CDARS” TO PROTECT ME WITH ?…….F26

THE FOLLOWING QUESTIONS ARE FROM PREMIUM MEMBERS THAT WERE POSTED IN CHAT BEFORE FRANK WENT TO THE BANK.

Will you confirm the validity of my notes in house?

  1. What is the spread?

  2. Will they pay for the insurance on my money if I leave it in their bank?

  3. How will you guarantee that my funds will be safe in your keeping?

  1. Can I have my bank accounts locked down and the only one that can see my accounts is the Manager and I?

  2. If I leave my money here for a set time how much interest can I get.?

  3. Can I get my dinar exchanged into the USDC. Digital Dollar and sent to my crypto wallet?

  4. Will they guarantee to match any better offer from another bank, so I know I am getting the best deal available by banking here?

  5. How many accounts can I open up at one time?

  6. If I exchange all of my foreign currency through your bank, would you charge me any service fees for the exchanges???

  7. What perks above and beyond what you give to regular customers can you provide to me if I deposit with you?

  8. What can you offer me that another financial institute won’t? Why should I select your institution?

  9. Transfer limits?

  10. How much is it to insure my bank accounts from someone hacking into my bank accounts?

  11. If I only exchange some now but will be back to exchange a lot more later could I get a better spread on first exchange too?

  12. Can you provide space to store gold and silver?

  13. what will be your fee..will it be determined by funds remaining in account, or amount of conversion , or both??

  14. Is there a dedicated contact number or person that I can speak with in regards to my account without being routed to a call center?

  15. What type of timeframe is There when I request fund to be transferred to a outside Account and is there a transfer limit?

  16. If for any reason your bank takes my money and then says the FDIC will help you(I don’t believe they will but not in my lifetime) what kind of policies do you have in place to stop this from happening?

  17. can use this with our exchanges, https://www.intrafinetworkdeposits.com/

  18. Can I get separate guarantees at each of your branch banks my money is in by having separate accounts?

  19. Can I have a non interest bearing account and only make bank withdrawals from my trust? Is it possible not to have a debit card for my account?

  20. What type of protection do you offer for a hacking incident through your security into my account via debit card attack?

  21. Is it better to get a credit card with a high balance to get instead of a debit card so no one can get a hold of my accounts, wouldn’t this be better option then a debit card?

  22. How many cashier’s checks can I get on the first appointment

  23. Is there a way to keep local tellers from knowing how much money you have?

  24. Will your bank have the necessary equipment in house to validate the notes at the time of exchange.

  25. In the news there was some stories that certain bank(s) seemed to freeze accounts over someone’s political position, is that a concern here? (shame we have to ask this now a days) imo

  1. Will you offer help with our tax questions?

  2. Will you have any objections to come to my attorney’s office and be recorded while doing my exchange?

  3. Bank? do you have De La Rue machine?

  4. How many interest-bearing accounts can I have for compounding interest from the principal?

  5. How many derivatives does your bank hold?

  6. Would I have a dedicated person to inform me on the growth of the rate throughout the year?

  7. Will we have free access to a wealth management team?

  8. Bank? Will I get a no fee account if I deposit my money with you?

  9. Can you guarantee that my account would not be used to train tellers?

  10. What perks will I get with my account?

  11. What high-yield accounts are available at the multi-million $ level?

  12. At what deposit point $ (my deposits / others I direct to deposit) will I “NOT” have to pay a spread fee?

  1. Can you get me in SILVER OR GOLD for my currencies and I prefer not to keep them at home, how does it work for you to keep here? any charges, how quickly can I get it.

  2. Will you pay for INS over the FDIC if I Keep it in your banks, will you have a group health ins for my family.

  3. What type of accounts will be available to me? And can you offer transfers of funds outside the USA?

  4. Contact information regarding Canadian Banks?

  5. how many accts are insured up to $250.000.00 can I have …..

  6. Would this account be fiduciary, meaning I have control?

  7. What in-house Wealth Management services do you have to offer, and what information about them is available on line?

  8. What must my net worth be, to be a part of your Private Bank and what are your fees based on Assets Under Management?

  9. Should we bring in 1 IQD note to establish a relationship with the bank before bring in the rest of the IQD notes?

  10. Do you have multicurrency accounts, and can we have one in IQD? If not, can we open one in a foreign account and once in IQD, can we send the deposit currier protected by the bank to deposit in their account as IQD?

  11. Can we have that account in IQD tied to a bank card and use it in the US, getting the bank card exchange rates that are so low?

  12. Do we need a Wealth Manager prior to our exchange?

  1. would it be best to get the trust set up prior to exchange

  2. Can you give us an idea, by assuming only moderate risk what type of return we could get at different levels of investment left with your bank. Also, what would be the time period we would have to agree for, to get these returns.

  3. How will the Bank handle a influx of exchange appointments with a unknown timeframe to exchange?

  4. If several accounts are opened each with 250,000.00 due to insurance coverage if placed in trusts after one is established. Do they need separate EIN numbers?

  5. When I buy my house, cars etc. what is the best rate and terms you will offer me. I believe in OPM if I can get a 1,2,3,% rate on what I borrow yet make 7,8,9,10% or more on my investments. Lets talk or should I say Negotiate! n my investments

  6. If you are involved on a higher level investment platform with your bank, On average how often can you pull distributions from the investment? Annually, Qtrly, monthly, etc…

  7. Does your bank participate in CDARs?

  1. Why should I do business with you over your competitors?

  2. If we as a Group come in and exchange our Dinars , will you drop the spread fee for the ones that would leave 50% of our exchange money in your Bank for not less than three years?

  3. How soon after depositing or account opened will I be able to access funds, and will there be a limit placed on how much is withdrawn?

  4. Can i deposit my ncsn in your bank ( floating)

  5. How will you protect me & fight for me?

  6. Can I open an account & place a few dinar in it, then hold the rest until I’m ready to fold?

  7. If I exchange my Dinars here and have it deposited into my account in another Bank, What would the spread be?

  8. Can I break a 25K IQD Note into smaller Dinar denominations, the same way one might break a $20 bill into smaller bills?

  9. Is faxing used as alternative to emails for secure communication? (Olde school faxing)

  10. Does your wealth management team set up electronic(digital) exchange capabilities for me(my investment accounts) with stateside brokerage firms that offer better (no) transaction fees between them and my foreign trading accounts?

  11. Is a prudent amount for exchange be based on current debt levels? Should any amount or percentage of funds be held in reserve?? Thank You much.

  12. Do you) have beneficiary accounts?

  13. Will you be able to create “Clean & Clear Certificates to verify funds are legal.

  1. Are you invested in derivatives? If so, which ones, and can the wealth manager give me a list of them and their 10 yr history of performance?

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Frank26, KTFA Deb Aspinwall Frank26, KTFA Deb Aspinwall

KTFA Monday Night CC with Frank26 "Good to Be Back" 2-7-2022

.KTFA

KTFA Monday Night CC

Frank26: 2-7-22….GOOD TO BE BACK

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

Frank26:  2-7-22….GOOD TO BE BACK

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=5ImHgnGsqNo

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KTFA, Frank26 Deb Aspinwall KTFA, Frank26 Deb Aspinwall

Monday Night KTFA CC "A Change...For Me" 1-24-2022

KTFA

Monday Night KTFA CC

Frank26: 1-24-22……..A CHANGE…….FOR ME

Special report tonight from Walkingstick……..

“The scuttlebutt, after the meetings we had today is either 1000 to 1, or 1 to 1, or 1 to 1 with a 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#

KTFA

Monday Night KTFA CC

Frank26:  1-24-22……..A CHANGE…….FOR ME

Special report tonight from Walkingstick……..

“The scuttlebutt, after the meetings we had today is either 1000 to 1, or 1 to 1, or 1 to 1 with a 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=ozRASuLpKeY

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Frank26, KTFA Deb Aspinwall Frank26, KTFA Deb Aspinwall

Monday Night KTFA CC "Powerless To Stop It!!" 1-17-2022

.KTFA

Monday Night KTFA CC

Frank26: 1-17-22……..POWERLESS TO STOP IT !!!

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

Frank26:  1-17-22……..POWERLESS TO STOP IT !!!

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=5gLxC3ka2Cw

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Frank26, KTFA Deb Aspinwall Frank26, KTFA Deb Aspinwall

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)

*************

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

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Frank26, KTFA Deb Aspinwall Frank26, KTFA Deb Aspinwall

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

https://www.youtube.com/watch?v=JsapPPq6jvo

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)

LINK

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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. 

LINK

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Frank26, KTFA Deb Aspinwall Frank26, KTFA Deb Aspinwall

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.”

LINK

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

************

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,”

———————–

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.

———————–

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.

LINK

————————-

 “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.”

LINK

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.  

LINK

ATPInfinity:before winning the parliamentary seats, made a pledge to adjust the exchange rate of the US dollar against the Iraqi dinar“

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Frank26, KTFA Deb Aspinwall Frank26, KTFA Deb Aspinwall

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

https://www.youtube.com/watch?v=8SaxBnBujoo

Read More
Frank26, KTFA Deb Aspinwall Frank26, KTFA Deb Aspinwall

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) 

************

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

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