KTFA Monday Night CC "A Big Meeting To.....Mary" 1-30-2023
KTFA
Monday Night Conference Call
Frank26: 1-30-23…….A BIG MEETING TO …..MARY
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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 and KTFA Members "News and Views" Saturday 1-28-2023
KTFA:
Clare: FRANK DOESN'T WANT YOU TO MISS THIS....
Frank26: "THE MONETARY REFORM EDUCATION GOES ACROSS THE POND TO DC!!!"
Al-Sudani acknowledges the existence of a rise in prices and says that the window for selling the currency "distorted" the financial and banking systems
Frank26: (DISTORTED BECAUSE THEY DEPEGGED & ARE PREPARING TO FLOAT INTERNATIONALLY -F26)
1/27/2023
The Prime Minister, Muhammad Shia' al-Sudani, acknowledged, on Friday, the existence of a rise in prices, indicating that the window for selling the currency "distorted" the financial and banking systems in Iraq.
In an interview with France 24, Al-Sudani said, "There is a rise in prices as a result of fluctuations in the exchange rate of the dollar, but overall our financial situation is the best since 2003.
Frank26: (KTFA FAMILY 2003 IS WHEN THE NSCN's (New small currency notes) WERE PRINTED FOR THE FUTURE NEW EXCHANGE RATE -F26)
KTFA:
Clare: FRANK DOESN'T WANT YOU TO MISS THIS....
Frank26: "THE MONETARY REFORM EDUCATION GOES ACROSS THE POND TO DC!!!"
Al-Sudani acknowledges the existence of a rise in prices and says that the window for selling the currency "distorted" the financial and banking systems
Frank26: (DISTORTED BECAUSE THEY DEPEGGED & ARE PREPARING TO FLOAT INTERNATIONALLY -F26)
1/27/2023
The Prime Minister, Muhammad Shia' al-Sudani, acknowledged, on Friday, the existence of a rise in prices, indicating that the window for selling the currency "distorted" the financial and banking systems in Iraq.
In an interview with France 24, Al-Sudani said, "There is a rise in prices as a result of fluctuations in the exchange rate of the dollar, but overall our financial situation is the best since 2003.
Frank26: (KTFA FAMILY 2003 IS WHEN THE NSCN's (New small currency notes) WERE PRINTED FOR THE FUTURE NEW EXCHANGE RATE -F26)
We have continuous oil revenues and food stocks."
He added, "We have important procedures and decisions that contribute to achieving structural economic reform in the financial and banking system, which has witnessed distorted trade over the past years through the currency sale window."
Al-Sudani added, "There are question marks that these standards are to be applied at this time or at this point in time from a 3-month-old government, while they were absent for years in previous governments. The sale of dollars exceeded $300 million per day, in non-trade." Legitimate, money comes out under the headings of smuggling and money laundering.
Prime Minister Muhammad Shia al-Sudani said, "A delegation headed by the Minister of Foreign Affairs and a group of specialists will visit Washington, bringing with it several files. One of these files will be dealt with with the US Federal Bank and the Treasury Department, to find out the repercussions of applying the standards set by the US Treasury in a way that guarantees the desired goal." from all sides. LINK
Frank26: (A PROGRAM RATE IS NOT DESIRED BY EITHER SIDE... THAT IS WHY THE FINAL EXCLAMATION OF THE MONETARY REFORM IS BEING TAKEN TO WASHINGTON DC... IN MY OPINION -F26)
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Suzie: If all the intel/info is correct as being alluded to, tomorrow should be a BIG day.....wonder if Frank has heard anything from Eddie or fireflies today, or if Iraq will jerk that famous flying carpet out from under us once again. Lets hope the ISX shows up International to us on Monday and they and us go forward! MY opinion!
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Clare: Sudanese advisor puts forward proposals to counter the continued rise in the exchange rate
1/28/2023
Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, today, Saturday, put forward proposals to counter the continued rise in the exchange rate, including a solution that he described as national and comprehensive to provide price stability.
Saleh said, "As long as the decline in the exchange rate is linked to the ability to open up foreign trade and provide a highly flexible commodity supply when needed (through the financing tool represented by the Central Bank of Iraq's window for buying and selling foreign currency - the US dollar in particular), which links the speed of financing with the credibility and transparency of commercial documents." For importers from the private sector, which is still faltering at a rate that has not risen to 25-30% of the total actual demand for external transfer to finance trade.
He added, "As long as government trade is highly governed and outside this constraint, as it relies on the mechanisms of documentary credits, which is the traditional basis for financing trade, and so that the commercial market can reorganize itself, its contracts and foreign purchases, and in order to contain fluctuations in the exchange rate within a narrow range, we suggest that trade expand." The government foreign ministry (as a wholesale trader) is currently in order to supply the market with the most important commodities that have a wide impact on people's lives, which flow according to the fixed official exchange rate of 1460 dinars to the dollar.
And he continued, "We find in the state's intervention in the field of import trade a comprehensive national solution to provide price stability and provide an atmosphere of anti-competition (cartels) monopolizing trade, which sends negative signals towards stabilizing the exchange rate of the Iraqi dinar."
He pointed out that "the government's commercial economy is the decisive solution and the lever of stability in two directions: the first is to provide a stable commodity supply and reassuring stocks of important commodities, especially essential commodities with low elasticity of demand for them, which affect the people's daily consumption, which helps to stabilize the consumer price index and the stability of the standard of living."
And the second: the abundance of commodities supplied through government trade at the official exchange rate is considered a compensatory supply of foreign currency, and the demand for it is equal to what helps reduce the exchange rate gap (the central exchange rate versus the parallel exchange rate), and reduce the impact of these differences in exchange rates on inflationary expectations. in economics.”
In an interview with the official news agency, Salih affirmed, "The state's temporary intervention in the economy is the best solution until the commercial market adapts to the governance of its import operations from world markets and the discipline and transparency of its requests in front of external compliance institutions." LINK
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Henig: Faad Hussein: The coming period will witness the reopening of embassies of several countries in Baghdad
Fuad Hussein, Iraqi Foreign Minister
Erbil (Kurdistan 23) - Today, Saturday, January 28, 2023, Foreign Minister Fuad Hussein affirmed that developing relations with Morocco is a gateway to entering the African continent, while indicating that the coming period will witness the opening of embassies of several countries in Baghdad.
Hussein said in a statement to the Iraqi News Agency (INA): "The opening of the Moroccan embassy in Baghdad is the first step to expanding the relationship between the two countries," pointing out that "economic relations were non-existent during the previous period, and there was no Moroccan embassy in Baghdad, but with the presence of the embassy and building Other mechanisms we talked about with the Moroccan foreign minister, the relations between the two countries will be qualitative and developed in the near future.
He added, "There is no agreement currently on signing trade agreements, but in the near future there will be a set of understandings and memorandums of understanding in addition to reviewing previous agreements between the two countries," noting that "the economic and political situation in Iraq and also in Morocco needs to be reviewed." In these agreements, in order for the work to be according to new objective conditions.
He continued, "Morocco is a gateway for Iraq to enter the African continent, and as a result of previous circumstances, Iraq was isolated from many countries, and entering Morocco is important because the Kingdom plays an important role, especially in the economic aspect of the African continent."
Hussein stressed, "There is a tendency and work to open other non-Moroccan embassies in Iraq during the coming period." LINK
Henig: Al-Sudani: The oil and gas law is the most important step in regulating the relationship with the Kurdistan Region
He stressed that "the attack on Iraqi lands is an unacceptable and condemned act, and we have official positions, some of which were raised at the level of communications to the Security Council and the United Nations."
Iraqi Prime Minister Muhammad Shia al-Sudani
Erbil (Kurdistan 24) - Iraqi Prime Minister Muhammad Shia' al-Sudani affirmed today, Friday, that the oil and gas law is the most important step in regulating the relationship with the Kurdistan Region.
In an interview with France 24, Al-Sudani said, "The budget law will contribute to resolving the bulk of the issue of financial transfers in accordance with the constitution."
He added, "Then we will move to the most important step represented by the legislation of the oil and gas law, which regulates the relationship between the federal government, the Kurdistan Regional Government and the oil-producing provinces."
He stressed that "the attack on Iraqi lands is an unacceptable and condemned act, and we have official positions, some of which were raised at the level of communications to the Security Council and the United Nations."
He pointed out, "Since the first day we assumed our work, we were keen to play the role of rapprochement between the Islamic Republic of Iran, the Kingdom of Saudi Arabia, and the rest of the Arab brothers in order to perpetuate rapprochement and understanding, leading to security and reducing tensions in the region."
He stressed that "we have obtained assurances from these countries, and we are continuing our endeavors," noting that "there is keenness of the two countries to resume these meetings under the auspices of Iraq, and soon we will contribute to achieving a meeting in Baghdad." LINK
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Henig: Transport reviews the details of a "giant project" linking Iraq with Europe
Economy News - Baghdad
The Ministry of Transport set the date for the completion of the first phase of the dry canal designs and the possible date for the commencement of implementation, and while detailing the desired economic gains from it, it confirmed that it will extend by two roads and by rail, with a length of 1,200 km.
The Director of the General Company for Railways at the Ministry of Transport, Younis Khaled Al-Kaabi, said, "The Dry Canal project is vital and of importance to Prime Minister Muhammad Shia'a Al-Sudani, as it falls within the strategic projects that the government intends to implement. Ports and railways to discuss the completion of this project.
He added, "The dry canal is a giant project, the largest and most important, as it is the main outlet for the port of Faw, and through it the port will be linked to the borders from the south to the north of Iraq, up to the borders with Turkey, and from there to the European transport network to reach European markets and allow the transportation of loads at high capacities."
He pointed out that "this project will be extended by a railway of up to 1,200 km, passing through most of the Iraqi governorates through new and fast lines in which electric trains operate, accompanied by a highway for transporting goods and passengers that runs almost parallel to the railway line from the port of Faw to the Iraqi-Turkish border in new tracks." .
And he stressed that "this project entered within the government program, and the timings for the railway network were completed in agreement with the Italian consulting company by 100%, and after the approval of the economic feasibility study, the company will start the design stage, and perhaps during the current year the first tender for the extension of a line will be announced." Modern electric railways in Iraq.
Al-Kaabi said, in an interview with the official news agency, that "it is likely that the stage of designs will be completed next September, after which the project will be referred to implementation," noting that "this issue has nothing to do with the budget, and it may be put forward for investment or through financing funds."
And he indicated that "the ministry is waiting for the prime minister and parliament to determine the financing method, and the project is followed up personally by the prime minister and minister of transport on a daily basis, and the Italian company is present and has a headquarters for daily follow-up, as well as periodic meetings with fixed and specific dates."
The Prime Minister, Muhammad Shia'a al-Sudani, had directed to expedite the implementation of the dry canal project and to shorten the stages. LINK
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Henig: An expert reviews 3 benefits of applying the "transit" system in Iraq
|Today, 17:41 |
Baghdad today-Baghdad
An expert in the field of transport revealed the expected benefits of activating the transit system in Iraq, which will turn it into a shortcut for transporting goods between exporting and importing countries.
Transport expert Basil Al-Khafaji said, in a press statement followed by "Baghdad Today", that "Iraq enjoys a distinguished geographical location linking the European continent with the Asian continent, where the Ibrahim Al-Khalil port (in the north) can provide a major passage for the arrival of Turkish and European goods to the Arabian Gulf and Jordan and vice versa, and that It reduces lead time and costs, saving millions of dollars and nearly 10,000 jobs."
Al-Khafaji explained that "the system will allow the entry of at least a thousand trucks to transport goods daily, and the transportation of European and Turkish goods from the Turkish port of Mersin to the Kuwaiti port of Shuwaikh takes 23 days by sea, while it will take 4 days from Turkey to Kuwait and Saudi Arabia through the Ibrahim port corridor."
He pointed out that "saving time will include Bahrain, Qatar and the Sultanate of Oman, which will receive the goods within 4 to 7 days," noting that "this shortening of time will ensure the healthy life of foodstuffs."
Al-Khafaji considered that "this strategic project will activate the commercial movement, if implemented, while ensuring that the country will obtain large profits, which are fees for the passage of trucks transporting goods, in addition to that it will send a message of reassurance to attract investments." LINK
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Henig: In numbers... UAE exports to Iraq jump to $20 billion
two hours ago
An economist said that the value of Iraq's imports from the United Arab Emirates increased during 2022 to reach about $20 billion, up by 47% compared to 2021, which was about $14 billion.
And Manar Al-Obaidi stated, in a statement, that “despite the decrease in the total amount of imports by 28% compared to 2021, as the total imported quantities were 15 million tons compared to 2022, which amounted to 10.7 million tons, but the high prices of materials, specifically oil derivatives, which are the largest percentage of Iraq’s imports from the UAE {where it represents about 31% of the volume of imports} led to an increase in the value of imports in exchange for a decrease in the imported quantity.
He added, "The growth rate in the value of imports of mineral products, which mainly represent oil derivatives, reached 93%, while the volume of imports of the same products decreased by 29%."
Al-Obeidi added, "The value of Iraq's imports of electrical and electronic appliances from the UAE (which represents 30% of total imports) also increased, to reach $6 billion, an increase of 11% compared to 2021."
He pointed to "the increase in the value of Iraq's imports of cars from the UAE (which represents 11% of total imports) to reach $2.2 billion, up by 69% compared to 2021."
He noted that "the re-exported products from the UAE to Iraq represent 85% of the total UAE exports to Iraq."
And the economist stated that "the UAE represents Iraq's first trading partner with a volume of trade exchange that exceeds 21 billion of products that do not contain crude oil, surpassing countries such as China, Turkey and India as a result of the increase in products re-exported to Iraq." LINK
KTFA Wednesday Night CC with Frank26 "Numbers" 1-25-2023
KTFA
Wednesday Night Confrence Call
Frank26: 1-25-23…….NUMBERS
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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
Wednesday Night Confrence Call
Frank26: 1-25-23…….NUMBERS
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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 "What I Say.....You're Fired" 1-23-2023
KTFA
Monday Night Conference Call
WELCOME EVERYONE TO OUR MONDAY CC WITH FRANK
Frank26: 1-23-23……WHAT I SAY……YOU’RE FIRED!!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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 Conference Call
WELCOME EVERYONE TO OUR MONDAY CC WITH FRANK
Frank26: 1-23-23……WHAT I SAY……YOU’RE FIRED!!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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 Wednesday Night CC "Welcome WTO....and Everyone Else" 1-18-2023
KTFA
Wednesday Night Conference Call
Frank26: 1-18-23…WELCOME WTO …. AND EVERYONE ELSE
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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
Wednesday Night Conference Call
Frank26: 1-18-23…WELCOME WTO …. AND EVERYONE ELSE
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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 "What Happened To The 9th Of February?" 1-16-2023
KTFA
Monday Night Conference Call
Frank26: 1-16-23 WHAT HAPPENED TO THE 9th OF FEBRUARY
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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 Conference Call
Frank26: 1-16-23 WHAT HAPPENED TO THE 9th OF FEBRUARY
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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
Monday Night KTFA CC "The Second Article From The CBI!!" 1-9-2023
KTFA
Monday Night Conference Call
Frank26: 1-9-23….THE SECOND ARTICLE FROM THE CBI
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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 Conference Call
Frank26: 1-9-23….THE SECOND ARTICLE FROM THE CBI
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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 and KTFA Members "News and Views" Sunday 1-8-2023
KTFA:
Frank26: "WTO MEMBERSHIP DOES NOT REQUIRE A HIGH EXCHANGE RATE... BUT IT CERTAINLY REQUIRES AN INTERNATIONAL EXCHANGE RATE... ARTICLE 8.".......... F26
Government movement to complete the requirements for Iraq's accession to the World Trade Organization
1/04/2023
Baghdad - Conscious - Nassar Al-Haj
Today, Wednesday, the Ministry of Commerce detailed its plan to complete the requirements for Iraq's accession to the World Trade Organization.
KTFA:
Frank26: "WTO MEMBERSHIP DOES NOT REQUIRE A HIGH EXCHANGE RATE... BUT IT CERTAINLY REQUIRES AN INTERNATIONAL EXCHANGE RATE... ARTICLE 8.".......... F26
Government movement to complete the requirements for Iraq's accession to the World Trade Organization
1/04/2023
Baghdad - Conscious - Nassar Al-Haj
Today, Wednesday, the Ministry of Commerce detailed its plan to complete the requirements for Iraq's accession to the World Trade Organization.
The media center in the ministry stated, to the Iraqi News Agency (INA), that "the committee concerned with Iraq's accession to the World Trade Organization, headed by the Minister of Commerce and membership of representatives of ministries and agencies, as well as representatives from the private sector, is working to complete the requirements for Iraq's accession to the organization."
He explained, "The ministry's plan during the current year includes completing technical accession files in terms of goods, services and intellectual property, in addition to harmonizing legislation and laws with the agreements of the multilateral organization."
He pointed out that "the plan includes holding official meetings in the organization in Geneva, and that there be high coordination
With the member states that carry economic weight in the organization to mobilize support and speed up accession procedures and make Iraq an active member and partner in making economic decisions and drawing trade policies that enhance Iraq's integration into the global economy.
He pointed out that "the Minister of Trade confirmed - within the prepared plan - the preparation of the Iraqi negotiating team, which will engage in negotiating rounds with the member states of the organization by strengthening the negotiating capabilities of the members and benefiting from the experiences of the countries." LINK
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Frank26: IT'S BEEN YEARS KTFA FAMILY... BUT HERE IT IS, WHAT WALKINGSTICK & I CALLED THE 2ND ARTICLE FROM THE CBI!!!"......... F26
Central Bank Governor: The dollar exchange rate crisis is temporary and the monetary situation is at its best
1/08/2023
The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, confirmed that the bank has taken a series of measures that enhance monetary stability and push for the return of exchange rates to normal, while noting that the bank has sufficient reserves until February 2024, “which is a very sufficient period to correct imbalances in the balance.” Payments in case Iraq's imports are exposed to any imbalances.
"The dollar exchange rate crisis is a temporary crisis resulting from internal and external factors that coincided with the end of the year," Makhaif said in an interview with "Al-Jazeera Net" and followed by "Al-Iqtisad News", speaking about the causes of the dollar crisis that Iraq recently witnessed and the measures taken by the bank to reduce it.
He added, "The Iraqi Central Bank has taken a series of measures that enhance monetary stability and push for the return of exchange rates to normal, including: allowing banks to participate in the window for buying and selling foreign currency to be used for external transfer, and working to facilitate procedures for obtaining dollars through banks, and facilitating Financing private sector trade and meeting the demand for foreign transfers by strengthening bank balances with their correspondents in other currencies.
He pointed out that "a series of measures to limit this crisis went to reduce the selling price of the dollar to the beneficiary (the card holder) who uses it while traveling or pays his purchases via the Internet at a price of 1465 dinars per dollar."
He went on to say, "The monetary situation in Iraq is at its best, and there is no need for that crisis that has caused fears of public opinion, just as the situation in Iraq is much better than that of other countries."
He spoke about the repercussions of the rise in the reserves of the Central Bank of Iraq and its arrival to more than 97 billion dollars on the Iraqi economy, saying that "there are several repercussions, including: defending the national currency exchange rate against foreign currencies and maintaining coverage of imports for a period of more than 6 months, as he was able to The central bank has built a cover for imports for a period of more than 17 months at the end of the third quarter of 2022, meaning that the central bank has sufficient reserves until February 2024, which is a very sufficient period to correct imbalances in the balance of payments in the event that Iraq's imports are exposed to any imbalances.
He continued, "The foreign reserves index to money supply in the broad sense is high and reached 81%, which is an indicator that enhances confidence in the Iraqi dinar as a store of value, as well as preserving the value of the national currency by ensuring the stability of the exchange rate as a nominal stabilizer for inflation."
He added, "There are other benefits that come from increasing the volume of reserves with the central bank, including: an indicator of the strength and flexibility of monetary policy, and the reserves can also contribute to raising the indicators of creditworthiness of Iraq with international rating institutions."
The Governor of the Central Bank touched on the reasons for issuing a new denomination of the local currency, saying, “The issuance of the new denomination is a procedure to modify the structure of banknotes and introduce an intermediate denomination that facilitates daily transactions, reduce the presence of old versions of currency denominations in circulation, and adopt modern security specifications in designing the denomination.” new technologies to reduce counterfeiting, especially since counterfeiting methods have developed thanks to technological development. LINK
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Henig: 20,000 dinars denomination.. The Central Bank talks about issuing a new currency: counterfeiting is a "development"
Baghdad today-Baghdad
The Governor of the Central Bank, Mustafa Ghaleb Makhaif, confirmed today, Sunday, that there are 4 benefits for issuing a new denomination of the Iraqi currency, indicating that the methods of counterfeiting the currency have developed.
Makhaif said, in statements to Arab media followed by (Baghdad Today), that “the issuance of the new denomination is a procedure to modify the structure of banknotes and introduce an intermediate denomination that facilitates daily transactions, reduce the presence of old versions of currency denominations in circulation, and adopt modern security specifications in designing the new denomination to limit of counterfeiting operations,” noting that “counterfeiting methods have evolved thanks to technological development.”
Last September, the Central Bank announced its intention to issue a new currency of the category of 20 thousand dinars. LINK
Clare: Al-Janabi: The Central Bank is able to restore confidence in the Iraqi dinar soon
2023-01-07
Representative Ziyad Al-Janabi confirmed, on Saturday, that the Central Bank of Iraq is able to restore confidence in the value of the dinar soon, while indicating that the bank lent the government and saved it from going into the unknown.
Al-Janabi said in an interview with Alsumaria News We appreciate the position Central Bank of Iraq Who supported the Iraqi government with a cash loan of more than 30 billion dollars and saved it from going into the unknown at the time.
Al-Janabi referred to "the ability Central Bank of Iraq to overcome the current crisis facing the dollar in the local market," stressing that "the central bank has taken successful strategic steps to end the current crisis."
And Al-Janabi indicated that "this problem, which confused the state of the Iraqi market, will soon be resolved, and the central bank is able to restore confidence in the value of the Iraqi dinar and adjust technical matters in the near future," stressing by saying that "the central bank has been able to raise the value of the dollar and gold reserves to a strategic amount, including a safe maneuver." Good for the Iraqi government." LINK
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Henig: Iraq drops part of Somalia's debts for its difficult circumstance
Baghdad today - follow-up
The Director of the Department of the Horn of Africa and Sudan at the League of Arab States, Zaid Al-Sabban, confirmed that Iraq had informed the League of an official memorandum stating that part of Somalia's external debt owed to Iraq had been forgiven.
Al-Sabban said, in press statements followed by (Baghdad Today), that "the successive Arab summit decisions asked Arab countries and funds to exempt Somalia from its foreign debts, given the exceptional circumstances that faced the Somali state over the past decades."
He pointed out that Egypt has allocated a number of planes loaded with humanitarian aid to Somalia to confront the Corona crisis and the drought crisis.
He stressed that there is a huge work being done by many Arab member states of the League, such as Saudi Arabia, Qatar, Kuwait and the UAE, and that there is material and financial support provided by these countries and their development funds in favor of Somalia, which helped a lot in facing some challenges such as drought and food crisis and facing the repercussions of the war against terrorism, which greatly affected millions of Somalis and led to their displacement away from their villages and homes.
And Iraq had called, in March of last year 2022, on Somalia to pay off the debts incurred by it, while it issued an official invitation to the foreign and finance ministers of this country to visit the capital, Baghdad. LINK
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Henig: Kurdish deputy to / NINA /: The budget will reach Parliament during the current week.. and it will be legislated as soon as possible
08 January 2023
A member of the House of Representatives for the Kurdistan Democratic Party, Sabah Sobhi, confirmed: The budget will reach Parliament during the current week.. and it will be legislated as soon as possible.
He told the National Iraqi News Agency / NINA /: There is a serious move by the political blocs in order to pass the budget as soon as possible, despite the existence of some outstanding issues.
Sobhi added: We will vote on the budget before oil and gas because it is more important than it, as this law can be delayed.
And a member of the Parliamentary Finance Committee, Mueen Al-Kazemi, said that the budget may be completed during the current week.
Al-Kazemi said in a televised statement yesterday evening: There is a political consensus regarding passing the 2023 budget, which may reach 140 trillion dinars.
He added: The investment sector will have 60% of the budget, and the proportion of the region in it will be more than 13% LINK
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Henig: The legislative recess ends tomorrow.. The House of Representatives reporter to / NINA /: We await the arrival of the general budget during the current month to proceed with its approval
08 January 2023
The Parliament will officially end its legislative recess tomorrow, Monday, while the parliamentary committees and circles are still awaiting the arrival of the draft federal budget law 2023, which the Council of Ministers has not decided to approve, pending the ministerial committees’ completion of drafting the final amendments.
Parliament Rapporteur, Representative Beida Khader, stated, in a statement to the National Iraqi News Agency / NINA /, that "the general budget 2023 is still with the Ministry of Finance, and the legislative recess for the House of Representatives ends tomorrow, Monday, and then the beginning of the new legislative term, and therefore we are awaiting the completion of the draft budget law." during the current month and send it to parliament quickly for approval by a vote.
And she explained, "The House of Representatives proceeded with presenting and approving important legislation. The Presidency of the Council also decided to extend the parliament's work for a month at that time, pending the arrival of the general budget from the government, but so far it is still incomplete."
And she added, "If the general budget reaches the House of Representatives, there is supposed to be a special session to read and discuss it by the Finance Committee and other concerned committees, to proceed with presenting it to a vote."
And the Presidency of the House of Representatives decided, on the eighth of last November, to extend the second legislative term / the first legislative year / the fifth electoral cycle, by one month, based on the provisions of Article (58 / second) of the constitution; This is to complete a number of necessary tasks and legislation. LINK
KTFA Wednesday Night CC "#2 Guy Wants To Talk" 1-4-2023
KTFA
Wednesday Night Conference Call
Frank25: 1-4-23….#2 GUY WANTS TO TALK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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
Wednesday Night Conference Call
Frank25: 1-4-23….#2 GUY WANTS TO TALK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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 with Frank26: "The MR Education Now Floats!!!" 1-2-2023
KTFA
Monday Night Conference Call
1-2-23……THE MR (monetary reform) EDUCATION NOW FLOATS !!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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 Conference Call
1-2-23……THE MR (monetary reform) EDUCATION NOW FLOATS !!!
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
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 Wednesday Night CC "An Extraordinary UB2B" 12-28-2022
KTFA
Wednesday Night Conference Call
Frank26: 12-28-22…….AN EXTRAORDINARY UB2B
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Q: What does the white suit mean?
A: WHITE HOT INTEL
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
Wednesday Night Conference Call
Frank26: 12-28-22…….AN EXTRAORDINARY UB2B
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Q: What does the white suit mean?
A: WHITE HOT INTEL
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