Delta and KTFA Members Monday Afternoon 11-11-19

KTFA:

DELTA:  FAMILY.......THE MEETING WAS ON 11/06 BUT ARTICLE CAME ON 11/10...

Deputy Prime Minister and Minister of Finance chairs the meeting of the Ministerial Council for Economics 

Sunday, November 10, 2019

Chaired by Deputy Prime Minister for Economic Affairs and Finance Minister Mr. Fouad Hussein, on November 6, 2019, the Ministerial Council of the economy in the presence of the ministers of Planning, Trade, Industry, Labor and Social Affairs and the Governor of the Bank of the Central and Chairman of the National Authority for Investment and Deputy Governor of the central bank agent and the Ministries of Finance and Planning and Director General of the Budget Department And the Prime Minister's Advisor for Economic Affairs.

During the meeting, the meeting focused on discussing the draft state budget law and how to deal with the developments related to the demands of the demonstrators in the general budget for the coming year through providing job opportunities and attention to the poor segments and social justice and the establishment of service projects that are in the interest of the citizen.

The Council also took several important economic decisions related to improving the working environment, investment and economy in Iraq, including the delay in importing date products to be available in the central markets and discuss a number of other economic topics on its agenda .

 DELTA: VERY NICE IQD EXCHANGE RATE IN MARKET IS DROPPING LIKE BEFORE..

IT WAS...... 1218

NOW 20 MINUTES AGO.........1205-1207 IQD....... PER $

GOOD JOB CBI...

CSHessman:  Brother Delta, you think this is just a compliance move ?  or something more ?  or remains to be seen ?  watching ?? 

DELTA:  BOTH........

HillbillyCarlaSue:  Where is this info Delta? I can't find it..THANK YOU !!! GOD BLESS !

DELTA:  FROM IRAQI MARKET.....YOU WILL SEE IT PROBABLY LATER TODAY.

DELTA: (Translated by Samson) Prices for Monday 11-11-2019 at 12:35 pm

Price # Stock Exchange 120.550

# Selling_ $ 110.700 Selling Dollar for 1107 dinar

# Buy # $ 120.400

Titus2Mom4:  Delta, thank you for sharing! This is lower than I've ever seen it!

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Samson:  Maj. Gen. Khalaf: We have monitored 17 thousand money transfers from 4 countries to support a conspiracy in Iraq

10th November, 2019
The spokesman for the commander of the armed forces, Major General Abdul Karim Khalaf, on Sunday, the monitoring of 17 thousand money transfers from four countries to Baghdad to finance a scheme to support hatred and establish a bad relationship between the government and demonstrators and security forces, and other schemes.

Maj. Gen. Khalaf said in a statement to Al-Arabi Al-Jadeed newspaper, seen by Mawazine News, that "security forces have received orders to prevent approaching all government installations in Baghdad and other cities of the country."  He added, "Iraqi forces are afraid of armed engineers in the demonstrations, and today issued an order to prevent approaching government installations, and currently the place allowed for the demonstration is only Tahrir Square."

He pointed out that "teenage demonstrators tried during the past days to storm the Central Bank of Iraq, but our forces responded with live bullets, because the bank is one of the government buildings that represent a red line," explaining that "thieves are a group of 60 teenagers, and after we arrested some of them turned out They were unconscious and had drunk before they tried to break into the central bank, after which we released them, and of course they do not represent peaceful protesters."

He revealed, "The presence of parties that exploited the need of demonstrators demanding that Iraq be better, and improve the reality of living and improve political action and accountability of negligent, which have interests in Iraq, some internal and external, have been registered and knowledge and goals, and supports the sabotage in Iraq and violence against troops Armed."

Khalaf said, "These external parties were their plan not only to establish a bad relationship between the government and the demonstrators, but between security forces and protesters, via electronic armies of tens of thousands of fake pages on social media works to spread hatred."

He revealed, "Monitoring the external remittances that arrived in Baghdad from four countries to finance the plan, which is 17 thousand remittances in one month," stressing: "But we have failed all of their plans."   LINK

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Samson: White House calls for early elections in Iraq

11/11/2018 8:34

The White House on Monday called for early elections in Iraq and an end to violence against protesters across the country.
 
The White House said in a statement: "Iraqis will not stand idly by about the depletion of the Iranian regime of their resources, and move armed groups to prevent them from expressing their views peacefully." "The United States is deeply concerned about the continuing attacks against demonstrators, civilian activists and the media in Iraq, as well as restrictions on the Internet in Iraq," the statement said. Elections and electoral reforms."

Since the beginning of October, there have been widespread protests to demand better living conditions, fight corruption, dismiss the government, dissolve parliament, and hold early elections.

A source in the Iraqi Human Rights Commission said on Sunday that the death toll since the start of the protests in Iraq in early October, amounted to more than 319 dead, including 13 security forces, and more than 15 thousand wounded.   LINK

Samson:  Internet service returns to areas of Iraq again

11th November, 2019
Internet service returned Monday morning to the capital Baghdad and the central and southern areas of Iraq, which is experiencing protests.

This comes within a few hours after the service was cut off Sunday afternoon after a break for several days, at a time when the country is witnessing a wave of bloody protests.

Iraqi authorities have previously cut Internet services in the face of a wave of protests.

"The authorities are sometimes forced to restrict the Internet when it is used to promote violence, hatred, conspiracy against the country and disrupting public life," said Prime Minister Adel Abdel Mahdi.

LINK

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Samson:  Sari reveals the date of the arrival of UN constitutional experts to Iraq

2019-11-11 14:46 

The head of the Committee for Constitutional Amendments MP Faleh al-Sari, on Monday, the date of the arrival of UN constitutional experts to Iraq.

Al-Sari said at a news conference, attended by the correspondent (Euphrates News) that "there will be constitutional experts UN will arrive at the end of the week to Iraq."

He added, "The political blocs have a great determination to make constitutional amendments to meet the aspirations of the Iraqi people," noting "the intention of the Commission to open the way for all segments of society to express their views on the constitutional amendment." "We will open e-mails and extensive meetings with judges, unions and unions to draw up constitutional amendments," Sari said.

He stressed that "the meetings of the Committee remain open until the completion of all constitutional amendments," but added that "the United Nations participated in the meetings and will be active and interactive with the Committee."   LINK

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Samson:  Lebanon: Demonstrators begin to come to the squares in demonstrations "one of insistence"

2019-11-10 18:15

Dozens of Lebanese took part in marches on the streets of the city of Tripoli on Sunday as part of the LINK"insistence" activities called by activists to demand the departure of the country's ruling political class.

Further demonstrations are expected in Beirut and Sidon, under the title "One of Persistence," where protesters, for the fourth consecutive Sunday, continue their protests to emphasize the continuation of the popular movement.   LINK

Frank, Delta, and MilitiaMan: "The Lava Flow Continues" 11-10-19

KTFA:

Samson:  Attar: The stability of the Iraqi monetary market is near

10th November, 2019

A member of the Iraqi Economic Council Ghadeer al-Attar, Sunday, near the return of the stability of the situation of the Iraqi monetary market.

Attar said in a statement, received / Mawazine News / copy of it, "the status of exchange and cash will return to normal after the statement of the Central Bank of Iraq, the distribution of shares of specialized companies selling hard currency in the daily auction."

Al-Attar pointed out that "what happened during the last week of the rise in exchange rates of the Iraqi dinar against the US dollar is an emergency and will not last long."     LINK

Frank26: PICS AND DISCRIPTIONS ...................... SMALL NOTES............ CBI TALKING ONLY TO CITIZENS............ AND ALL DURING THE PROTESTING.

OMG FRANK26!!!! ............. THE RI WILL NEVER HAPPEN !!!

I SIMPLY SMILED AND SAID ................... ITS CALLED A  PAUSE .............. BUT THE LAVA FLOW CONTINUES.

WATCH............ NOW !!!! FOR THERE ARE NO PAUSES WITH .......... DADDY.(Trump)

DELTA:  18 HOURS AGO...  ALAQ AND FINANCIAL MINISTER WITH MAHDI...IMO.... GATE IS ABOUT TO OPEN FAMILY... LET ME EXPLAIN ..THERE IS SOME REFORMS THAT WILL TAKE TIME BECAUSE THEY DEAL WITH CONSTITUTION. BUT AS FAR AS REFORM THAT DEAL WITH MONETARY POLICY  WILL NOT TAKE THAT LONG... IMO... MR IS READY TO GO ...

Frank26:  BUT OF COURSE ........... WHOS YOUR DADDY ?

NOW DO YOU UNDERSTAND MY KTFA KONA ?

TOLD YOU THAT ON THIS SUNDAY .............. DADDY WOULD
BE THERE ......... SMILE.

MY GOODNESS ARE WE GOING TO HAVE FUN ON YOUR MONDAY CC TOMORROW.......... SWEET SLIHA SUNDAY. 

Mr. Harfax:   Given the timing of events and the determination to ensure Iran does not prosper I believe this goes further and do not think it a coincidence that the schedule has been moved to a point in time that will in all likelihood align with the release of FISA which coincidentally was also delayed from its late October release.  IMO there are others who they don’t want to prosper from this event...

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Samson:  Al-Fayez: The blocs, the government, the United Nations and the demonstrators have agreed to resolve the crisis   LINK

Frank26:  LIAR LIAR PANTS ON FIRE !!!   LOL

IT WAS WORKED OUT LAST WEEK......... IMO OF COURSE.

HENCE WHY WE TOLD KTFA FAMILY ........... ‘’WATCH” ............. TRUMP GET DEEPER INVOLVED WITH IRAN AND IRAQ........ TA DA  SMILE.

Frank26:  Family in my opinion there’s only so much time left for what we call a receipt schedule therefore in my opinion now watch once again but this time WATCH........... the reinstatement and the CBI travel at a much faster SPEED than we have ever seen    In Godspeed

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MilitiaMan:  The Finance Minister, Alaq and Mahdi in the same room for what? We all know what the implications are. They are talking money and how that will effect the demands of the citizens and their purchasing power. imo 

The timing of it is no coincidence imo. Nor is the timing of the CBI publishing the article noted in post #54. Modifying contracts is change. This article has massive implications for us. Once a rate changes the contracts will be modified accordingly to reflect equivalency.

This article may very well be an integral component that is preceding full compliance with Article 8. I am not saying this is a smoking gun, but, it clearly has fire power with it's timing and the implications that come from it. It is limited in content yes, but, the wording used is specific, powerful and it just may be enough to have put everyone on notice that the next step is close at hand. They use the wording "in the event of the merger".

That is saying a merger is coming, imo. Companies will need to amend contracts to be fair!!! The amount of currency dispensed will need to be amended accordingly!!! That notice from the CBI today on the back drop of yesterdays meeting makes me believe that the speed Frank is talking about is front and center now.

The CBI probably told the Finance Minister and Mahdi to get the lead out.. lol As, the pricing in country has been fluctuating of late, hence, they may have sped up auctions to contain that?

So, they all know that this should have been done a along time ago (GOI knuckle heads) and now they apparently know they painted them selves into a corner and the demonstrations proved it. The MR's have to get done.. And now that appears to be the case they will. 

Notice below that the Blocs, the Government, the United Nations (DADDY, effectively. imo) and the demonstrators have agreed to resolve the crisis. The only thing that will be put out over time now is the GOI demands not the monetary reforms. The monetary reforms will be the catalyst for the country to enter into a full market economy. The constitutional issues, as Mahdi rightfully mentions will take time, and they agreed on that apparently.

So don't let the GOI issues reflect against the CBI. My view is Mahdi and the Finance Minister may have finally given Alaq the green light, thus, the merger or modifications of contracts on cash withdrawal expectations. They were or are now in a pinch and needed to fix the pricing asap, then as noted they tell them to be ready to modify contracts. Those contracts are about currency.. imo.

The stability of the Iraqi Money Market is near they say.. Yes, they should say that too. As the CBI acted and still is acting on what is urgent. They cannot afford to lose control of the  internal fluctuations in the exchange rate going south any more than what it has. So all thing interlinked imo bodes so very well for us.. imo ~ MM

Delta and KTFA Members "News and Views" Sunday AM 11-10-19

KTFA:

Samson:  Abdul-Mahdi for the religious authority: We will launch a new reform package and we will pursue the inflated wealth of officials

9/11/2019 13:59   LINK

Samson:  Halbousi stresses the government to expedite sending the 2020 budget

2019/11/17 17:34

The head of the House of Representatives, Mohammed Halbousi, the General Secretariat of the Council to address the Secretariat of the Council of Ministers to emphasize the speedy dispatch of the federal budget for 2020 ..    LINK

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DELTA:  18 HOURS AGO...  ALAQ AND FINANCIAL MINISTER WITH MAHDI...IMO.... GATE IS ABOUT TO OPEN FAMILY...

Samson:  After the return of calm .. Basra ports are witnessing the unloading of 16 giant ships

19:17 - 09/11/2019

The General Company for Iraqi Ports, on Saturday, unloaded the cargo of 16 giant ships after the withdrawal of demonstrators yesterday, while seven other ships are waiting for unloading permits to land their cargo.

An official source at the ports told Al-Maalouma that the ports of Umm Qasr Al-Shamali and Khor Al-Zubair witnessed the unloading of more than 16 giant vessels for their cargo.

He added that "11 vessels were unloaded at the northern port of Umm Qasr and 5 in Khor Al-Zubair," pointing to "the presence of seven other ships awaiting approval permits to unload their cargo on the berths of the northern port of Umm Qasr."

He explained that "the loads varied between consumer and food items and materials belonging to oil companies and other companies."   LINK

Samson: Modifying Agency / Implementer Contracts (Cash Withdrawal)

10th November, 2019

To / all electronic payment companies ( Modify agency contracts / outlet (cash withdrawal) )

... To view Click here

Translation....

Standards and Security Division Count: ۷۰/۹ Date: ۰۱۹۱/۰ to / ePayment Companies |
All m / Modified agency contracts / outlet (cash withdrawal)

Greetings. . . Later in our circular No. 4. 3/5/9 dated 6/3/6 decides that your companies shall amend the
contracts of the agency / outlet (cash withdrawal) granted to the companies to
mediate the sale and purchase of foreign currencies in the event of the merger of
that agency only in the name of the parent company exclusively and redistribution
of the devices and called the owners of the company

https://cbi.iq/news/view/1337

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Samson:  Near the Iraqi border .. Iran announces the discovery of a field with reserves of 53 billion barrels of oil

10th November, 2019

Iranian President Hassan Rouhani announced on Sunday the discovery of an oil field in the southwest of the country with reserves estimated at 53 billion barrels of oil, equivalent to a third of proven reserves to date.

The field covers an area of ​​2400 square kilometers and is located in the province of Khuzestan (southwest), near the Iraqi border.

The United States imposes sanctions on Tehran for its nuclear activities and support for militias in the Middle East, which undermined the ability to sell oil and undermined the country's economy.  LI

Tim:  wow wow wow if this is true THIS IMO IS HUGE . alaq  get ready

Samson:  Al-Fayez: The blocs, the government, the United Nations and the demonstrators have agreed to resolve the crisis

22:58 - 09/11/2019

Representatives of the Building Alliance Amer Al-Fayez, Saturday, that the representatives of the blocs and the government and the United Nations and the demonstrators agreed today on a road map to resolve the crisis, pointing out that those who demand the dismissal of the government wants to drop it in any way in order to settle accounts.

Al-Fayez said in a televised statement continued (information), that "political solutions are beginning to take its course and everyone is afraid to go unknown if the government was dismissed." He added that "those who demand the dismissal of the government wants to bring it down in any way in order to settle accounts and everyone is convinced that the survival of the government is the least loss."

He said that "representatives of the blocs and the government and the United Nations and the demonstrators agreed today on a road map to resolve the crisis, where it was agreed to give the government a chance of not less than 6 months and not more than a year to implement reforms."

He stressed that "it was agreed to postpone the hosting of Abdul Mahdi in parliament," noting that "the fall of the government demand of some demonstrators, but not all, and these demands are politically motivated."  LINK

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Samson:  Parliamentary Economy: Postponing the opening of the new session of the Baghdad International Fair does not serve Iraq

10th November, 2019
A member of the Committee on Economy and Investment Riyad al-Tamimi, on Sunday, postponed the opening of the new session of the Baghdad International Fair to notice another matter does not serve Iraq and its economic and investment reality.

"Trade and economic fairs are a golden opportunity for Iraq to strengthen its economy and develop its resources through the signing of agreements with different countries and companies, which are an important step to diversify sources of income and provide job opportunities," Tamimi said in a statement received.

"The government should expedite and clear steps to implement the legitimate demands of peaceful demonstrators, to be a reality felt by the citizen and not to be promises to absorb the anger of the masses," he said.

He stressed "the need for the government and the Ministry of Commerce in particular to announce a specific date for the opening of the new session and not leave it open, which may reflect negatively internal and external inability to end the legitimate demonstrations to implement constitutional demands."  LINK

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Don961:  Intelligence sources reveal names .. The involvement of nine security leaders in the scheme to eliminate popular demonstrations

Sunday, November 10, 2019 12:03 AM

Revealed special sources within the intelligence crisis cell for the names of a number of leaders who coordinated end the demonstrations plan in Baghdad , Basra , Dhi Qar and Karbala , the day before 11 of this November . They are:

1-General Mohammed Hamid al – Bayati

2-General Thamer al - Husseini Abu Turab

3 Lieutenant General Qais Mohammadi 

4 - General Rashid Flaih

5 - Major General Karim Khalaf

6 - Major General Salman Sharif Dvar

7 - Major General Jaafar Al-Battat

8 - General Qasim Nazzal

9 - Major General Zia Moussawi 

The sources revealed that the plan was based on 7 items listed in the following  

1 - carry out an attack Massive state institutions by masked men who follow national security operations.

2 - cut the Internet services 

3 - broadcast videos fabricated by security official Fadel Abu Ragheef and his team to distort the image of peaceful.

4 - broadcast confessions of detainees claiming to be in the Turkish restaurant carrying white arms and possession of drugs and wine and some admit to the practice of sodomy to defame the rebels.

5 - a campaign of arrests of 1300 young people in Baghdad, Basra and Dhi Qar and get them out after abuse and bail.

6 - Pursue all those who donated to the yards, arrest him and release him on bail.

7 - Paying 100 elements of rapid reaction with knives and lancets to injure the demonstrators when the campaign began at different times.   link

MilitiaMan and Samson Sunday AM "Permanent Revenue Sharing" and more 11-10-19

KTFA:

Samson:  Al-Hadithi: The government has moved corruption cases against senior officials

2019/11/8 20:10

Government spokesman Saad al-Hadithi said on Friday that the government has "moved several cases of corruption against a number of senior officials."

Al-Hadithi said in a press statement that "the government is working to enact many reform laws in the country."

He said the government was "working on a new election law and a fair distribution of wealth."  LINK

MilitiaMan:  Lets hope that they get this sorted and quickly... A fair distribution of the wealth should include the 6 billion the corrupt have been siphoning off at the borders..

Still have Tammimi calling out that amount that Mahdi and others used when suggesting the demonstrations were the problem for shutting down the ports..

The corrupt taking graft at the borders was exposed.. imo ~ MM

Samson:  Successful IBBC Trade Visit to KRI

9th November, 2019

The Iraq Britain Business Council (IBBC) took a significant group of members on a trade mission to KRI this week. Paramount was the need to review business opportunities and investment in the region and to learn directly from the Prime Minister Barzani his plans for business and industry.

The group, led by Baroness Nicholson, UK Trade Envoy to Iraq, Christophe Michels MD of IBBC and Eng Rasmi Al Jabri, Deputy Chairman of IBBC included representatives from Jaguar LandRover, Crescent Petroleum, EY, Siemens, Sardar Trading Agency, Garda World, Stirling Education, KPMG, G4S, OilServ Kuwait, and from the DIT Mr Rawand Askary, and James Thornton of UK FCO.

The Prime Minister introduced a number of Ministers for discussion with the group, including KRI Minister of Electricity Mr Kamal Mohammad Saleh discussing project finance and other related matters. The DG of the KRIs MoI joint crisis coordination centre Mr Hoshang Mohamed discussed the clearance of IEDs & mines and the handling of the overall IDP and refugee crisis (that G4S have been heavily engaged with).

In conversation, Mr Barzani stated that ‘the KRI government will bring in reforms to cut down on red tape for the private sector to develop. It will pursue a policy of registering companies through a ‘one window’ online portal which should allow company registrations to be done in the same time it takes in western countries to do so. He also said that the new administration is streamlining overall bureaucracy for private businesses to limit unnecessary Government interference.

The Government is also planning to draft a new bribery law to fight corruption and is looking at reviewing its financial framework to encourage PPPs throughout the economy including education and health. Diversification of the economy is big on the agenda with agriculture, tourism and the manufacturing of goods being a priority. KRI should import less and produce more and eventually find markets outside its borders for its products. Foreign partners for all of this are sought after.’

A permanent revenue sharing agreement with Baghdad is top of the agenda among other things to allow credit export agencies to work directly in the KRIG.’

On Sunday the Planning Minister and Mr Amanj Raheem, Cabinet Secretary, Kurdistan Regional Government spoke, and the Ministers for Construction and Electricity attended the British Consulate Reception taking place at the JLR show room kindly sponsored by Sadar Trading Agencies – thanks to Mr Sardar Al-Bebany Chairman and CEO. Dr Dara Al Khayat, Chairman of KRI federation of Chamber of Commerce and Industry in Erbil, hosted a Monday evening event and on Tuesday the mission visited Crescent Petroleum offices.

The trip continued to Baghdad   LINK

MilitiaMan:  I am not sure there is the Baghdad Fair starting on Monday or not. They had it scheduled for the first and the put the 11th on the time line.

Well there are some heavy hitters that were in the KRI (Kurdistan Region) talking business and what stands out are a few things. 1) Security, 2) Electricity, 3) Accounting and auditing, 4) PERMANENT REVENUE SHARING and they are to continue onto Baghdad.

All of this during the demonstrations having been on going. Investors of the caliber they mention are GLOBAL..

Reforms are slated to be addressed as early as tomorrow.. I'll be oh so very watchful over the next couple of days. I have not seen any postponement yet on the Fair.

If you recall there is an annual conference in Great Britain on 12/08/2019 with many and more of the names above. If the Fair on the 11th is to be successful ahead of that one in GB, they'll need reforms in the bag by then for those attending on the 11th...We shall see.  imo ~ MM  

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Samson:  Parliamentary Economic: The 2020 budget includes unprecedented reform clauses

13:51 - 09/11/2019

The Committee on Economy and Investment, the parliamentary, on Saturday, the incomplete draft budget law for 2020 until now by the government, indicating that the government and parliament are ready to adopt reform clauses are the widest within the budget.

Committee member Nada Shaker Jawdat said in a statement to the information that "the government is busy in passing the reform packages to meet the demands of the demonstrators, which caused the delay in sending the draft financial crisis law."

Jawdat said, "The draft budget law will include unprecedented paragraphs on reforms and reliance on the operation of Iraqi hands and the launch of large-scale projects."

Jawdat explained that "the demonstrations have had a significant impact in the adoption of reform tours that political blocs could not pass in 14 years under the pretext of difference," noting that "the government and parliament are ready to pass the budget as scheduled without entering a political debate to disrupt it."  LINK

MilitiaMan:  I like the way they translate things.. lol

The incomplete budget law for 2020 until now.. In other words it is now complete. I'll bet the meeting with the KRI talking about PERMANENT REVENUE SHARING could fall under the category of unprecedented reform clauses,e.e., read HCL..

My best guess is it is apart of it. The now completed 2020 Budget was scheduled to be completed with out disruption. Imagine that.?

 Wow! From the sounds of things the attendance was stellar today.. Many things lining up and even in some areas cooling off.. imo.. ~ MM 

Samson:  Mullah: Internal and external forces entered the line of demonstrations and will lead Iraq to the unknown

12:21 - 09/11/2019
The former deputy and leader of the Party of Progress Haider al-Mulla, on Saturday, the entry of forces and factors inside and outside the line of popular demonstrations witnessed in the country since the beginning of last October, warning that this will lead Iraq to the unknown.

Mullah said in a statement reported by the newspaper "Asharq Al-Awsat" and saw it (information), that "it is clear and according to the vision of the religious authority, there are forces and factors internal and external entered the line of demonstrations, and it could lead to the country unknown."

Al-Mulla added, "The vision of the political parties of the decision makers in the field of reform is different from the roofs and the street vision of reform, which leads to the lack of a common space between the two visions and opens the door for an unknown."  LINK

MilitiaMan:  One thing the Citizens now know is how much money the Religious authority has stacked in warehouses now.. That external and internal fact is known in both arenas now. For that matter the external factor is the world at large!! imo Time to start implementing the reforms and pronto. imo ~ MM

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Samson:  Governor of Dhi Qar for "information": the province is experiencing normal conditions and departments will resume its work tomorrow

3:01 - 09/11/2019
Governor of Dhi Qar Adel al-Dakhili, Saturday, that the overall situation in the province is calm and stable except for violations in the district of Rifai, while noting that the official departments of the province will resume its work on Sunday.

Dakhili said in a statement to the information, that "life in the whole province is going quiet and natural and there are no security breaches or exposure between security forces and peaceful demonstrators." He added that "an armed group opened fire on security forces in the Rifai area and wounded four members of varying wounds and that security forces pursued them and the group was arrested."

Al-Dukhaili explained that "large groups of activists and municipal departments have campaigned to remove all waste from obstacles in the streets and in front of official departments for the purpose of preparing those departments to receive employees and reviewers," noting that "the official working hours will resume on Sunday." LINK

MilitiaMan and KTFA Members Saturday Morning 11-9-19

KTFA:

Samson:  Abdul-Mahdi's office: The actions that accompanied the demonstrations are not for democratic practices
8th November, 2019

Prime Minister Adel Abdul Mahdi's office said Friday that the demonstrations were unrelated to democratic practices.

A statement from the office of Abdul Mahdi transferred "television official", said that "the demonstrations were accompanied by acts of criminal and terrorist and are clearly visible in order to undermine the prestige of the state and weaken its capabilities and targeting the people of Iraq and its security."

He added that "these actions has not been to the relevance of democratic practices, such as murder against "Citizens and security forces are right." "The crime of threatening to commit a felony against innocent citizens and security forces is punishable by imprisonment for a period not exceeding seven years,'' the statement said. "The crime of assault, injury or violence against innocent citizens and security forces is punishable by imprisonment for a period not exceeding one year.''

He stressed that "the crime of preventing state employees from carrying out their job duties is punishable by imprisonment for a period not exceeding three years." He explained that "the crime of sabotage, demolition, destruction or fraud of buildings or public property allocated to the departments or government departments or public facilities or state facilities, including transport and bridges Their penalties are severe."

 The statement pointed out that "the crime of burning the homes of innocent citizens and the headquarters of the security forces and official and semi-official departments is punishable by life imprisonment or temporary", adding that "the crime of incitement and encouragement with financial assistance to sabotage or damage or damage to buildings or government services or public facilities punishable by imprisonment for a period of no More than twenty years." He pointed out that "the crime of violating the orders issued by the competent authorities, including the imposition of curfews at the specified times punishable by imprisonment," stressing that "the crime of assaulting the security forces located within the areas and yards of the demonstration and the penalty of imprisonment."

The statement continued, "The crime of broadcasting rumors, propaganda and false news in various public ways to sow terror in the hearts of citizens punishable by imprisonment," pointing out that "the crime of incitement in public ways not to comply with the law in force. The statement called on the demonstrators to "adhere to peaceful demonstrations to demand legitimate rights so that the state can implement them and reject the acts criminalized by Iraqi law and cooperate with security to arrest the abusive elements."

The statement called on the demonstrators to "maintain the peacefulness of the demonstrations and give a bright and bright image to miss the opportunity on the donors in Iraq evil," noting that "the state is committed to take legal action against the perpetrators of the crimes mentioned."  LINK

MilitiaMan:  So is Mahdi suggesting there were terrorist organizations doing dirty deeds in Iraq? He stops shy of saying who the terrorists are and where they are from, now why would that be?

Could it be because there is a lot of money that is not accounted for from the borders and the lose cash at Sistani's place? I don't know, but, things don't look so good for you Sir.. 

Then again we can't always believe the news, right? Propoganda is part of the reforms. Even Shabs talked about that.. imo ... ~ MM  

Popeye7:  Your last paragraph is key IMO... What goes on behind the scenes will never be revealed in total... At least not in this lifetime... Roles are being fulfilled in the mean time, and lets face it... Despite all of the turmoil, as it concerns this investment, we seem to be in a much more desirable time for this to happen because of all of the preparation that has already been done for it to occur as the CBI has indicated during the past month, or so...

Thomas:  Frank stated in his ub2b today that the picture Delta brought today of all the cash is only one of Sistani warehouses in Iraq.  IMO,  Sistani is extremely greedy, and stealing from the Iraqi citizens.

Papito: What is co crazy is that at a program rate, They are stealing what is equivalent in US Dollars and the only one benefiting from this is CORRUPT IRAN...The US SHOULD STEP IN AND STOP THE MADNESS for the sake of the Iraqi People and for all countries that have a stake in the future of Iraq and their own individual countries future investments that will benefit the world!!!!    IMO

 Don961:  Pompeo: The struggle for freedom continues in the streets of Beirut and Baghdad (video)

by Ali EjamIraq News   9 Hours ago

"The struggle for freedom continues on the streets of Beirut and Baghdad," US Secretary of State Mike Pompeo said during a 70-year session in Berlin.
Below is the Arabic text of what the US Secretary said about the situation in Iraq and Lebanon:

(video link .. Pompeo)

“The struggle for freedom continues not only in Hong Kong

We have seen it on the streets of Beirut and on the streets of Baghdad, where people are protesting against the Islamic Republic of Iran.

They want to be Iraqis.

They want to be Lebanese     LINK

MilitiaMan:  Looks like the pattern in set is stone.. The message is out and it is sown very well now.. The germination may have already begun quickly now, imo.. The heat and moisture of the demonstrations and the involvement of those that know what needs to be done, was all that was needed.. Let's see if the sun shine brings fruit for all? I suspect as we have heard a market economy is at the door step now.. ~ IMO ~ MM

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Samson:  Al-Hadithi: The government will present a bill against corruption within days

2019/11/8 21:11

Government spokesman Saad al-Hadithi said on Friday that the government will submit within the days of a bill against corruption.

Al-Hadithi said in a press statement: "We accept the decisions taken by parliament on the government, even if the decision to resign the government will resign," noting that "the disruption of public facilities in Iraq is not in the interest of anyone." "The draft law, if approved, will open the door to hold many officials accountable," al-Hadithi said.

He continued that "the government will submit within the days of a bill against corruption," noting that "any new government will need time to implement the demands of the demonstrators." 

LINK

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Samson:  Al-Hadithi: The government has moved corruption cases against senior officials

2019/11/8 20:10

Government spokesman Saad al-Hadithi said on Friday that the government has "moved several cases of corruption against a number of senior officials."

Al-Hadithi said in a press statement that "the government is working to enact many reform laws in the country."

He said the government was "working on a new election law and a fair distribution of wealth." LINK

Don961:  Study reveals volume of Iranian money spent on armed factions in Iraq and the region

2019/11/08 23:56:42

Iran attaches more military and strategic importance to its armed factions deployed in the region than its nuclear and missile programs, according to a new study by the International Institute for Strategic Studies.

The study, titled "Iran's Infiltration Networks in the Middle East," estimated Iran's total expenditures on the activities of its factions in Syria, Iraq and Yemen at about $ 16 billion, while spending on Hezbollah in Lebanon is about $ 700 million annually.

The study, which was based on several researches, took about 18 months, noting that "the Quds Force of the Revolutionary Guards, through which Tehran wages proxy wars in the region, has become more powerful and influential."

In its study, the International Institute for Strategic Studies warned against Western countries ignoring the growing influence and power of Iranian factions in the region, as Washington and its allies focused their pressure on curbing Iran's nuclear and ballistic programs, and even imposed heavy sanctions against them for this purpose.

In contrast, Tehran's strategy of deploying its faction networks faces less international resistance.

These warnings are in line with the administration's assertions that the Iranian nuclear deal is not enough to curb its nuclear program and that any future agreement with Tehran should include curbing its missile program and regional ambitions as well.

The International Institute for Strategic Studies said that Tehran will face many challenges to the continued support of its factions regionally, in light of the mass protests sweeping Lebanon and Iraq against Iranian interventions.

Demonstrators in Iraq have expressed outrage at the Iranian incursion into their country, which amounted to burning diplomatic missions and tearing up images of regime symbols in areas that are a stronghold of Tehran's influence.   link

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Samson:  Video: Iraq’s Internet Blackout Continues

9th November, 2019
Iraq has been engulfed in violent protests in the past few weeks as soldiers fired live rounds into crowds.

But this has only entrenched the protesters’ position as they demand a complete overhaul of the political system.

The government has cut off access to the internet, as it says that its youth are being influenced by what they read.

But the protesters have found other means to get around the online silence.

Al Jazeera‘s Natasha Ghoneim reports from Baghdad:

VIDEO LINK - IN ENGLISH   LINK

Frank, Delta and KTFA Members Friday PM "Sistani's Warehouse" 11-8-19

KTFA:

Samson:  Reuters: 10 protesters killed in Baghdad and Basra

2019/11/8 8:51

Security forces shot dead at least six protesters in central Baghdad on Thursday and killed four others during a sit-in in the southern city of Basra, police and medical sources said. Dozens of people have been injured in other parts of the country, and there has been no sign of a decline in weeks of bloody unrest.

Security forces used live ammunition against demonstrators near the Martyrs Bridge in central Baghdad. Live ammunition was also used against demonstrators in Basra, Iraq's main source of oil wealth. In southern Iraq, dozens of anti-government protesters burned tires and blocked the entrance to the port, preventing trucks from transporting food and vital imports hours after operations resumed, port officials said.

The Iraqi government has failed to find a way out of its biggest challenge in years. The unrest broke the relative calm that followed the defeat of ISIS in 2017. A crackdown by mostly unarmed protesters has claimed the lives of more than 260 people since unrest erupted on October 1 over job shortages, poor services and infrastructure due to decades of conflict, sanctions and corruption. Protesters, mostly unemployed youths, blame the political elite that has ruled Iraq since the toppling of Saddam Hussein in a US-led invasion in 2003 and demand a full overhaul of the political system. Iraq began to feel the financial impact of weeks of unrest, which sparked in Baghdad before spreading quickly to the southern cities.

The port of Umm Qasr briefly resumed operations early on Thursday after most of the demonstrators evacuated the area. But dozens of activists and relatives of a protester killed in weeks of violence have returned to close the main gate, port officials said. The port receives most of Iraq's grain, vegetable oil and sugar imports.

Oil and security officials said operations resumed on Thursday at the nearby Nasiriyah refinery, where protesters stopped fuel tankers from entering or leaving on Wednesday. Oil ministry officials say the unrest has had little impact on oil production and exports. But the stoppage of trucks carrying fuel from the Nasiriyah refinery to gas stations across the region has caused fuel shortages in the southern province of Dhi Qar. Oil officials said the refinery had recently been operating at about half its capacity.

In the meantime, the Internet service briefly returned in most parts of Iraq on Thursday before it was cut again after 1 pm local time (1000 GMT). Authorities severely restrict access to the Internet during the protests.

 The government says it is making reforms without offering anything that would satisfy most protesters. Many Iraqis say paying salaries to the poor, providing more job opportunities for graduates and pledges to punish a handful of corrupt officials came too late for those demanding reform of government institutions, a flawed electoral process and a system of governance that fuels rampant corruption.LINK

DELTA:  IRAQI CITIZEN HAVE HARDLY ANY MONEY AND LOOK AT THIS ONE FROM SISTANI'S WAREHOUSE

Iggy:  this is where the "protesters" should be instead of the CBI...imo

12Pack:  Holy Corruption?!  

DELTA:  YES....... THEY ARE UNBELIEVABLE

Frank26:  DELTA............  remember when I asked the holy man .......... WHAT IN THE WORLD ARE YOU DOING ??? !!! Some people are just so greedy.

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Samson:  Al-Murshidi: The parliament session tomorrow will be preceded by meetings of the blocs on the demonstrations

09:02 - 08/11/2019
Between the MP of the opposition movement wisdom Asaad al-Murshidi, on Friday, that the parliament session scheduled for tomorrow will be preceded by meetings of political blocs on demonstrations and political attitudes towards the government, pointing out that the likelihood of the presence of Abdul-Mahdi to parliament is very low.

Al-Murshidi said in a statement to Al-Maalouma that "Saturday's session was devoted to voting on the pension law and discussing the constitution amendment committee. I don't think Prime Minister Adel Abdel Mahdi will be present at the meeting."

He added that "there are political dialogues in the Iraqi arena in order to launch a comprehensive national dialogue to find out the repercussions that led to the outbreak of demonstrations, and to discuss the government on the cabinet, provided that there is a frankness of the people and a package of real reforms to restore the confidence of the people to the government and the political class."

He said that "the parliament session tomorrow will be preceded by discussions and dialogues between the political blocs on the current situation and how to restore the confidence of the people in the government, where there are continuous meetings between the political leaders to get out of the current crisis."

He explained that "the meetings of the political blocs during which will be put all the negatives that led to the occurrence of demonstrations, and the reasons for the failures that occurred as a result of quotas, which caused the failure of the government program, which did not exceed 20%."  LINK

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Samson:  Economist: The government condemned itself by declaring the size of the losses due to the closure of the port of Umm Qasr

10:30 - 08/11/2019

Economic expert Osama al-Tamimi said on Friday that the government condemned itself and put many questions about its statements about Iraq's losses due to the closure of the port of Umm Qasr and other institutions during the demonstrations.

Tamimi said in a statement to the information, that "the border outlets are controlled by political parties, where their revenues are divided according to specific ratios between those parties."

He added that "the government's announcement of the size of the losses due to the closure of the port of Umm Qasr and other institutions since the start of the demonstration, confirms that the amount of funds in Iraq much larger than the government announced in the budget, and therefore the size of corruption is very large and fictitious amounts are not mentioned."

He explained that "the government condemned itself when it announced the magnitude of the losses, and showed the truth of the amounts in Iraq, while the budget represents a fraction of these amounts, which go mostly to the corrupt, what requires the prime minister to be honest with the people and declare the corrupt names that capture the amounts of Iraq."   LINK

Samson:  Banque du Liban launches new banknotes for circulation
7th November, 2019

The Central Bank of Lebanon said that it has put in circulation as of November 6, new banknotes of the category of 20,000 LL, with a new issuance date of 1/1/2019, in addition to the banknotes currently circulating in the same category.

  This comes at a time when the protests continue, as baptizing demonstrators since the start of protests to sit in front of the central building of the Bank of Lebanon in Hamra to Beirut, and in front of all its branches in various governorates of Lebanon.  LIN

Raindancer777:  Wow, this is a bit hard to explain. Particular the timing. I saw the article showing world debt at 188 trillion and climbing. Many banks very shaky and now this. While I sure can not explain it all I can not ignore what I see either. I do not keep up or really study what people are calling the Global Currency Reset but this kind of stuff all combined makes me wonder if something like that might actually be on the horizon?

Frank26 and KTFA Members Late Thursday Night 11-7-19

KTFA:

Frank26:  GREETINGS FAMILY ..........

SOME OF OUR FRIENDS CAN BE FOUND IN THE GREEN ZONE...........IN THE CBI AND SADLY TODAY 12 EMPLOYEES OF THE CBI WERE KILLED BY GUN FIRE ..........

RANDOM SENSELESS GUN FIRE FROM SECURITY FORCES THAT ARE NOTHING MORE THAN IRANIAN THUGS.

PLEASE PRAY THAT THE DEMONS IN IRAQ WILL SOON BE EXPELLED BY THE CITIZEN'S WILL AND ............WELL ...........WATCH.

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Don961:  Rebels rally for a major demonstration tomorrow in Tahrir Square in response to the continued killing

 Thursday 07 November 2019

 Baghdad - Writings

Demonstrators in Iraq decided to respond strongly to the continued excessive violence against them by the security forces and armed militias affiliated to Iran in the country.

In statements and statements on Thursday, the rebels and activists called on all Iraqis to intensify their demonstrations and protests, which they declared under the title of "Tishreen uprising", and completed since last October 25 and at the moment of writing this line, to come out with major demonstrations tomorrow Friday, November 8, 2019. Liberation Square in the capital Baghdad under the slogan: "Stop killing .. Go!"

These calls coincide with the continued snipers and armed militias of Iran to target Iraqis in the capital Baghdad, and the policy of liquidating revolutionary elites of doctors, intellectuals, activists and paramedics in an attempt to quell the movement, which ignites more rejection of the government and militia repression.  link

Samson:  Abdul Mahdi spokesman: We will not allow the demonstrators to storm the Central Bank and some of them martyred by unknowns

2019-11-07 22:20

Major General Abdul-Karim Khalaf, spokesman for the Office of the Prime Minister Adel Abdul-Mahdi, said on Thursday that demonstrators can not be allowed to storm the Central Bank.

Khalaf said in a press statement followed by (Euphrates News), that "there is no relationship between the attacking the Central Bank from some quarters and the demands of demonstrators in the country," stressing that "He added that "the martyrdom of some demonstrators during the days of protests in the country, was by soldiers " He stressed that "others were martyred by the unknown and that this file before the judiciary."

He attributed behind "the reason for the landing of forces carrying weapons to the streets is due to the lack of security forces preparedness for large demonstrations," stressing that "tear gas bombs used against demonstrators allowed and used in many Of countries."   LINK

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Samson:  Abdul Mahdi: 90% of the budget depends on oil and we seek to increase non-oil resources

2019-11-07 18:21 

Prime Minister Adel Abdul Mahdi, Thursday, that 90% of Iraq's financial budget depends on oil resources.

Abdul-Mahdi said after the expanded meeting of the Committee on the preparation of the financial budget for 2020, "90% of Iraq's financial budget depends on oil resources."

The prime minister added: "We are seeking to increase the non-oil resources of the state." LINK

Samson:  IBBC Delegation Meets Iraqi President

8th November, 2019
Iraq Britain Business Council (IBBC) fields significant Baghdad meetings with Dr Barham Salih, President of Iraq, and Ambassadors, to strengthen private sector business in Iraq.

IBBC President Baroness Nicholson and MD Christophe Michels, Rasmi Al Jabri, IBBC Deputy Chairman and Mohanad Al Khatab Baghdad Office Manager, met this week with the President Dr Barham Salih and a range of Government of Iraq Ministers and business leaders.

The team updated the President on the work of IBBC and it’s members in Iraq. There followed wide ranging discussions on current affairs in Iraq and internationally. The President was ‘delighted to see IBBC in Baghdad in these challenging times and complimented the organisation for its ongoing and very effective work. He said that he was willing to support IBBC fully whenever required.’

Additional meetings included the Chief of Justice Faik Zidan, to follow up on his recent visit to London when IBBC hosted him, and to discuss the legal framework in Iraq and current affairs.

Dr Sami Al Araji, Head of the National Investment Commission (NIC) also agreed to plan future regular joint activities in Baghdad as the situation returns to normal.

Further meetings included Civil Society activist Mrs Hana to understand the many reasons for the protests and the latest news from Tahir Square and around the country. IBBC expressed sympathy for the movement and discussed ways in which the protest movement could succeed in some of it’s demands without facing a full confrontation with the security forces.

At the US Ambassador Tueller’s residence, the Ambassador, guests and Ambassadors from Canada and Australia and John Tucknot UK Deputy Head of mission, discussed the work of IBBC and how to strengthen collaboration with the US, Canada and Australia, to support the private sector. IBBC is widely recognised as being the most successful trade council in Iraq.

Thanks also to IIB, Al Burhan Group, G4S, Zain and March Group for their support during the visit. LINK

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Samson:  At the invitation of the government .. US Secretary of Defense discuss the demonstrations with the Iraqis

2019/11/7 19:46 

The Pentagon said on Thursday that Defense Secretary Mark Esper discussed the protests with Iraqis, while stressing that they were there at the invitation of the government.

"US Defense Secretary Mark Esper discussed the demonstrations with the Iraqis," the ministry said in an urgent news report.  "We are there at the invitation of the Iraqi government," the ministry said.

It is noteworthy that US Defense Secretary Mark Esper, arrived on (October 23, 2019), to the capital Baghdad on an unannounced visit.  LINK

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Samson:  The government agrees to open a consulate in the US state of 100,000 Iraqis

14:05 - 07/11/2019
The US State Department on Thursday approved the opening of a consulate-general in Texas to provide consular services to more than 100,000 Iraqis.

"The cabinet unanimously approved the recommendation of the State Department to open a consulate general in Texas to provide consular services to more than 100,000 Iraqi community," a ministry statement received said.

"The Council of Ministers authorized Foreign Minister Muhammad Ali al-Hakim to sign memorandums of understanding for mutual exemption for diplomatic, service and private passport holders with Oman, Qatar and Indonesia," the statement said.

He continued, "This comes within the framework of diplomatic activity open to the world, and the balanced policy adopted by Iraq on the issues of the region and the world, in addition to Iraq's active and influential participation in international forums."    LINK

MilitiaMan:  Interesting there were many things associated to Iraq out of Texas, since I have been in this.. Currency comes to mind too. hmm.. I wonder if reforms to come will have much to do with this coming about? ~ MM

StephenMac63:  Wasn't the CBI website server also out of Texas at one time?

Judy, MarkZ, X22 and more Thursday Night 11-7-19

Thank you Judy

Special Restored Republic via a GCR Report as of Nov. 7 2019

Compiled by Judy Byington

The below is a summary of information from the Internet. It would be up to the individual reader to do their own research and decide whether or not it is valid.

(EXCERPT) Judy Note on The Plan: On Thurs. 7 Nov. Deutsche Bank was set to announce Bankruptcy – that was expected to cause the world’s Central Banks to implode unless the Global Currency Reset was implemented.

MarkZ believed we were in the last day before the release; it was moving forward for everyone but in the US, especially in China which had gold asset-backed currency; the Deutsche Bank had already imploded; banks were having a liquidity problems; older Iraqi citizens have had their Q Cards adjusted to around an $8 Dinar rate; no one knew the exact timing of the release, but his expectations were on a moment to moment basis, while contacts were reporting that the release was anywhere from being done, to waiting for Sun. 10 Nov. when the Iraqi Parliament voted.

On Tues. 5 Nov. Tiers 1, 2, 3 and 4 were made liquid, while banks across the globe were still pinging each other (as they had been since Sun. night 3 Nov.) in preparation for the reset.

On Mon. 4 Nov. the Gold Standard was fully implemented in 209 countries worldwide.

On Sat. 2 Nov. Q was back: https://qmap.pub/ Trump was Q: https://youtu.be/BcV9Qc5gYTQ Q Tweets: https://twitter.com/3days3nights?lang=en Trump video: https://vimeo.com/362919470

On Sat. 2 Nov. the US Military began transmitting an Emergency Action Message (EAM) over the Global High Frequency Radio System, suggesting that a Big Event was happening right then.

A. Nov. 7 2019 Chat with MarkZ: https://www.twitch.tv/theoriginalmarkz

1. Today Thurs. 7 Nov. Issac as well as others in Zurich, were waiting for a call in to exchange.

2. Paymasters have received their funding and were waiting to release it.

3. MarkZ believed we were within the day or in the last day before the release.

4. MarkZ said it looked like it was moving forward for everyone but in the US.

5. MarkZ believed that the Deutsche Bank had already imploded and some banks were having a liquidity problem.

6. In China they were asset-backed in their currency and advertising that the US dollar was fiat.

7. In Iraq older citizens have had their Q Cards adjusted to around $8 rate on the Dinar.

8. Redemption centers were manned.

9. MarkZ said no one knew the exact timing of the release, but he himself was on a moment to moment basis. His contacts were reporting that the release was anywhere from it’s already done, to they were waiting for Sun. 10 Nov. when the Iraqi Parliament voted on HCL.

Read Full Post Here:  https://inteldinarchronicles.blogspot.com/2019/11/restored-republic-via-gcr-special_7.html

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MarkZ Update Thursday 11-7-19

Twitch:  https://www.twitch.tv/theoriginalmarkz

Youtube:  https://www.youtube.com/watch?v=2L0LFjp13lY

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KTFA:

Conquest: Abdul Mahdi is waiting for parliament to send a ministerial delegation to the Council instead

7th November,2019
The conquest of the conquest, on Thursday, that the prime minister is waiting for parliament's request to send ministers to the House of Representatives instead of his presence, indicating that Abdul-Mahdi wants to send the Minister of Planning and a number of ministers involved in the reform packages.
The MP for the conquest Mohammed Karim / / information / that "the preliminary data and talks confirms the absence of Prime Minister Adel Abdul-Mahdi, the upcoming session Saturday."

He added that "Abdul-Mahdi is waiting for parliament to send him a request to send a ministerial delegation to the House of Representatives instead of his presence," noting that "the delegation consists of the Minister of Planning and a number of ministers concerned their ministries reform packages launched."

He explained that "the data indicate the presence of a ministerial delegation during the next sessions."

LINK

2Cents:  Interesting.......Remember, Mahdi is pushing to have different ministers elected by Parliament......Put the actual responsible parties on the hot seat....

When you read everything Mahdi is pushing and saying, he may be one of the only ones actually fighting to move Iraq forward.....Kind of like the US

I like seeing the arrest warrants being put out for corrupt politicians.  Look out Abadi, it may be getting close to you.....All iMO of course....

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Samson:  Abdul-Mahdi is the oil file with the Kurdistan region "prickly": solve problems without unfair

7th November, 2019
Prime Minister Adel Abdul Mahdi promised on Thursday to address the outstanding problems with the Kurdistan region regarding the issue of oil and gas exports.

In a speech during his presidency, Abdul-Mahdi described the expanded meeting of the Committee for the preparation of the financial budget for 2020, the file of exporting the Kurdistan region of oil and gas as "thorny and complex."

He stressed the work to find a way to solve those problems with the region "in the interest of all within the Iraqi state and the united country without falling in the wrong one."

"We are trying to conduct our work within the next short period of time," he said.  LINK

2Cents:  C'mon Kurds, Get 'er done.......Even your Citizens are fed up and now out in the streets.......You better realize that the Gallows rigged in Tahrir Square may easily be also erected in Erbil.....

US/China Send A Message To The [CB], All Part Of The Plan - Episode 2015a

X22 Report:  Nov 7, 2019

https://youtu.be/uqK4mB8SjOk

Confirmed, Coup Is Real, [DS] Holds Report That Would Exonerate Trump Advisers - Episode 2015b

X22 Report:  Nov 7, 2019

The [DS] is now caught up in the fake impeachment plans, they are digging their hole deeper and deeper. The [DS] is panicking like never before over the identity of the WB. The MSM is pushing fake news and Trump counters the news. The [DS] is holding back a report that would exonerate Trump advisers. The coup is real, it has been confirmed, the entire plan of the [DS] has just been exposed to the American people, enjoy the show.

https://www.youtube.com/watch?v=Wcx3_YagmMk

MilitiaMan and KTFA Members " Thursday Through Monday is IMO Key to Watch"

KTFA:

MilitiaMan:  I feel there is still good reason to be very optimistic about a window we maybe in. Let me first say that I am sorry that this has been so long in coming for us and with all the pressures of life on us all, some far worse than others, has me sad, as I know struggle and I know loss!!

But, I also know there is always Gods will and that will we have no control over, other than faith in his will is for the best for us, whether we see it out the gate or not, it is most often the best.. 

 So, we have been told that the receipts of waiting have been issued, they have time lines with them. We have heard that the delivery of smalls has been done to date.

The demonstrations have triggered the GOI to get the lead out and that is noted of recent in the HOR / GOI if you will in regards to constitutional amendments and implementation requirements for the citizens demands being front and center now.

Aside from PM Mahdi's speech suggesting the citizens and teachers were out of line is not imo genuine. For crying out loud if he and the PTB would have given the citizens what the promised they wouldn't have had to take it to the extreme as they have. 

They extended the Baghdad Fair  for ten days. Well that ten days is up on the 11th. That is Monday, next.

I have not seen any other postponements to date. We have seen the waning of the demonstrations, as if they were (are imo) well orchestrated to get the full effect and pressure to be placed so that they can't wiggle out any longer. 

There is an article out with very big names in it about an annual conference in Britain 12/08/2019. Those names are not in the business to play games. They are in business to make money. Just as they know full well that once Iraq is fully article 8 compliant with an international rate, they'll be able to take the bull by the horns and off they all go in rebuilding the nation.

The Fair that we want to see take place is on the 11th. Since we haven't seen another postponement yet in regard to that fair, I am assuming ("")  that they have every intention on going forward with it. It would make sense that this fair would be a prelude to the one in Britain early next month.

So, if they do have the Fair, it would seem that the final end of the reforms being an international rate has to be in the bag by now.

They have been in sessions working on that very topic and again they speak of the 2020 budget being for the citizens and their demands. Those items are slated from now through this weekend.

So with what we have learned about patterns, the banks in Iraq are closed now and won't open again for a few days.  Thursday through Monday is imo key to watch.

 There are other factors that are in play that support my view that this window is real and in play.

The currency in Iraq yesterday was experiencing large fluctuations in pricing to the upside that doesn't bode well of the CBI.

They are looking to be out of 2% compliance and that is more pressure on them to get that under control.

Alak was said to have told people that once the demonstrations are under control that reforms can kick in and within days to a couple of weeks. 

Well we are within that time frame. Frank wrote about things from 10/25 and then on 10/28 gave time frame possibilities. They support the pattern I mentioned earlier, Thursday though Monday.

 Two weeks from the 25th is Friday, tomorrow, and two weeks from the 28th is Monday the 11th. Those receipts have schedule, time and dates to go with them. We have been told that delivery of smalls is highly likely now. The receipts are real and meaning full.imo

  Since Sadr has been said to have pulled back their efforts in the demonstrations, things appear to have been cooled and that bodes well for us.

So, lets see how this next 24-72 hours plays out. My best view is they are still right on track with completion of reforms. They'll need that fair imo to precede the one in December! 

A successful fair will set the stage!!

The tools they have in the quiver to create success is the rate change! Lets pray the events that we have watched unfold orchestrated or not, work in our favor and go down in history, as being the Deal of the Century for us! Peace..~ MM

http://www.iraq-businessnews.c.....-business/

http://www.iraq-businessnews.c.....postponed/

https://alforatnews.com/modules/news/article.php?storyid=217070

Rommy:  Awesome write up MM!  IMO the citizens demands have to be met.  Too many have died/injured to receive anything less.  And we know one of the key demands, to getting their lives and country back, constitutes pausing the auctions, adding value to their currency and issuing the small notes (aka lower demons or small groups).  We remain only a "switch" away from nothing, nothing, nothing then suddenly.

Thomas:   I think we will most likely see the window be after Parliament passes the reforms of the demonstrators and before the fair on Monday.   This is still within the window you brought us, but the most likely possibility imo.  I say this because the rate needs declared for the budget and monetary reform.  It would also make the fair more productive for the benefit of Iraq, but more importantly to the citizens of Iraq.  My prayers go out to the citizens of Iraq.

KTFA Members "News and Views" Thursday 11-7-19

KTFA:

Samson:  Net Bloks reveals the losses of Iraq within one month due to the disconnection of the Internet

2019/11/19 19:02 

Company estimated, "Net Blox" specialized in monitoring Internet activities in the world losses of service interruption to the Iraqi economy by about one billion and 358 million dollars during the month of October only. Since the start of the protests early last month, the country has experienced fluctuations in the Internet service.

The government severed the service for long periods of time and then partially reinstated it, with a continuous blocking of social networking sites before returning to disconnect again during the past two days.   LINK

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Samson:  Khazali: The change of the presidential system will be a positive factor for the people

21:15 - 06/11/2019

MP Sadikoun bloc Saad al-Khazali, on Wednesday, that the regime change to presidential or semi-presidential will face positively by the people, pointing out that most of the demonstrators demand to meet their legitimate rights stolen because of quotas and corruption.

Al-Khazali said in a televised statement that "peaceful demonstrations were born after the political accumulations 16 years ago." "Sheikh Qais al-Khazali was the first to call for a presidential and semi-presidential system.

He explained that "most of the demonstrators demand to meet their legitimate rights stolen because of quotas and corruption," explaining that "the provincial councils and conservatives caused corruption in the country." LINK

Don961:  Revolutionary Guard begins the liquidation of the revolutionary elites in Iraq .. The death of two doctors and an activist and 5 paramedics

Thursday 07 November 2019

Baghdad - Writings

BAGHDAD (Reuters) - Armed militias working for Iran backed by elements of Iran's Revolutionary Guards have begun implementing what was recently agreed in Baghdad on the need to target influential figures in the revolutionary movement and carry out sporadic assassinations in a bid to stop the country's revolutionary tide, local media reported on Saturday.

These operations began today targeting Dr. Abbas, the medical detachment official on Al-Ahrar Bridge in central Baghdad with a bullet in the heart, at a time when he was trying to convince the government forces to allow them to perform their work as ambulance cadres.

Other reports said another doctor and five paramedics were all killed on Wednesday, November 6, 2019.

Amjad al-Dahamat, an activist in the southern province of Maysan, was assassinated and killed in the Shabana district of Amara by armed militias affiliated with Iran.

Meanwhile, it was reported that the brother of Muntadhar al-Zaidi was kidnapped.
(VIDEO LINK)    LINK  

ChrisC:  I have made this comparison before, but I want to draw your attention to what would be seen as the ultimate of stupidity to make the comments that Mahdi made today and then to start shooting people and how this is like Israel leaving Egypt.  Pharaoh didn't want to keep holding Israel captive, but God kept hardening his heart to make a point that would be remembered for thousands of years for Israel AND the rest of the world.  Same thing is happening here.  I may get this one wrong, but I don't think so.  In a very short time, the US military is going to give Iran and any of their puppets a barbed wire enema that they will never forget.  The UN said don't do it, the US said don't do it and they still went ahead and did it.  Get ready to see something like the Egyptian army and the Red Sea.  Iran isn't going to just get their hand slapped, they are going to get it cut off.  IMO

Hoosiergirl:  I think Iran is one of the last STRONGHOLDS of the "deep state" and they are working it for all it's worth.  Yes, there is DS influence in many other countries but many of those are trying to rid them from their nation.  From listening to somebody (not guru, nothing of that kind) talk about 2020 being a very active, dramatic year like we've never seen because of soooo much reveal of the corrupt ones and then after that some "golden years" (less chaotic, more peace) I certainly pray that is so.  But I think we have some time yet ahead of us before things settle down.  (not meaning Iraq, but all the corruption the US is dealing with)  So dig in, hold tight and trust the Lord!!! Whew! 

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Don961:  Khamenei's defeat is the end of the Iraq tragedy

- One Hour Has Passed

Iran would prefer to get out of Iraq defeated rather than expelled.

This is what the Iraqis will pay. This is because they decided to resist the Iranian project to expand at their expense. It is a difficult choice that Iran will seek to make them pay for before it declares its surrender.

Iranian madness is no longer replaced in the Iraqi daily dictionary. In Iraq, the slogan “Iran by land” has become the symbol. It is the key to recognizing the truth. The reality of the conflict between two wills. The first is the will of a corrupt minority, which sees Iranian hegemony as a safeguard of its interests.

Clearly, there is no possible understanding between the two wills. Therefore, the hope of a settlement that could end the conflict or slow it down is a kind of mirage that annoys Iran because of its suspicion of what it had counted on when it believed that the Iraqi file had been folded in its favor and that it was able to bury historic Iraq under the rubble of the sectarian state. That owes her loyalty.

By surprise, the Iranian regime discovered that all it envisioned as a solid construction threatening the countries of the region was a mock entity and that the corrupt political class on which it relied to normalize its project in Iraq lived in complete isolation from the people it did not know.

Iran thought that it contained the Shiites of Iraq after the new regime facilitated them to practice the rituals of Husseini. But Iran has missed that the call for life lies elsewhere and that the people who wanted it as a human reservoir for the funeral processions are thinking about their lives in all its elements and aspiring to have a free and independent homeland like the rest of the world.

The Iranian regime was shocked that what they call the city of Hussein, Karbala, was the most protesting of their existence. Protesters put up a sign on the walls of the Iranian consulate there that read "It was closed by the people."

It has become clear to Iran that the Iraqi people hate it. He hates its regime, its Shiism, its project, its militias and the political system in Baghdad because it is subordinated to it and is subject to its dictates.

However, Iran, traumatized by its abhorrence, will not back down from its position, although all the facts on the Iraqi street confirm that its project has become part of the past and that Iraq is no longer part of the Persian illusion empire.

If Iran were wise, it would have negotiated with the protesters through its representatives in Baghdad and ordered them to go out and leave Iraq to its people. This is the best solution and is the only solution that will satisfy the protesters and make them return to their homes. But Khamenei, a blind and irritable ideologue, is considering his expansionist project and not the fate of his followers, who could be badly hurt by popular anger.

It will be difficult to persuade Khamenei that the people he handed over to cry, cry and walk on his knees will triumph over him in defense of his life and the resurrection of his homeland. Therefore, he will remain reckless in his decisions on Iraq until he concludes the final defeat. That defeat would be a prelude to turning the page on Iranian influence in the region.

That's what the protesters think. Which they seek to achieve. Khamenei's defeat this time would be like Khomeini's defeat in 1988 when he announced he had swallowed poison by agreeing to stop the war with the Arabs.

The Arabs    link

Samson:  After Saddam .. Iraqi shoes go against Khamenei and Soleimani

7th November, 2019

In previous years, Iraqis hit their shoes with pictures of Saddam Hussein in anger and insult to the ousted dictator.

Demonstrators in Baghdad's Tahrir Square are again using their shoes, but slapping banners depicting Iranian Supreme Leader Ali Khamenei and Quds Force chief Qasem Soleimani.

More angry demonstrations erupted in southern Iraq, where protesters burned the headquarters of parties and militias linked to Iran, and threw Molotov cocktails at the Iranian consulate in Karbala.

The anti-government protests that rocked Iraq last month as a result of economic grievances have been mounting mainly against political leaders. But the protesters also revealed their long-standing dissatisfaction with Iranian influence in the country. The demonstrators targeted Shiite political parties and militias with close ties to Tehran.

The uprising in Iraq and similar anti-government protests in Lebanon pose a threat to key Iranian allies, while Tehran is under increasing pressure from US sanctions. “There is a lack of respect. From Iran to leave our country.”  LINK

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Samson:  A prison sentence for a runaway state bank manager has damaged public money by 13 billion dinars

7th November, 2019
The Integrity Commission announced the details of the verdict against the head of the branch of the former branch of the good bank.

In its details of the case it investigated and referred to the judiciary, the Commission's Investigations Department pointed out that the fugitive convict was formerly the head of the main branch of Al-Rasheed Bank. By organizing transactions for housing loans (one hundred salaries) with non-fundamental transactions and holdings and incorrect endorsement and contrary to the reality of the borrower's salary.   She added that (2298) transactions were organized for the housing loan with holdings and non-fundamentalist support.

She explained that the Rusafa Criminal Court on integrity issues reached the conviction to criminalize the convict, after reviewing the statements of the legal representative of Al-Rasheed Bank, who requested the complaint against the accused for embezzlement of huge amounts of money, and the ongoing administrative investigation in the Ministry of Finance, including the defendant's fault, in addition to the minutes of the investigation committee. In the Office of the Inspector General of the Ministry of Finance, and the wife of the convicted escape, noting that he was sentenced to seven years imprisonment in accordance with the provisions of Article (340) of the Penal Code.

The decision included the issuance of a warrant of arrest and investigation against the convicted person while supporting the seizure of his movable and immovable property.  LINK

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2Cents:  The IQD is losing value to the point that if 1225 is the "official" Market Rate, we now have another MCP under IMF Rules which would constitute a violation of Article VIII Compliance.  This may be a result of the relatively low auctions we have seen this week.  Note that the Currency Sales jumped back up to 240 today.  Perhaps this increase will bring down the Market Rate.  

The Market rate is a direct result of supply and demand of the USD.  If the supply of the USD in the market decreases, the demand increases and therefore the cost increases (IQD less valuable as it takes more IQD to purchase USD)    When  the GOI tried to limit the CBI sales to 75 million per day, the Market Rate went over 1300.  This is why the Currency Sales must remain high until Iraq RI's.  If the sales don't remain high, the IQD will devalue as it is currently in the Market.  This is certainly not what I want.  

As to the Currency Sales, it appears the CBI has changed their procedures to conduct Currency Sales two days in advance.  I am sure there must have been some announcement to this effect but none have been shown.  This must have been why they conducted two sales on Tuesday to get this new procedure in sync.  I was really hoping it may have been setting the stage for this weekend especially since there is the Holiday of Prophet's Birthday.

As to this weekend, I strongly believe we are moving on.  There is payroll happening in Kurdistan through Sunday into next week.  The good news is that the Kurds seem to be rushing the distribution compared to their normal habit of holding it for a period.  Baghdad just forwarded the amounts of IQD the other day.   I have always said, the RD/RV will not occur unless the coffers are empty.  

I sure hope they are looking at the middle of the month for all to come together so they can finalize the budget under the RD/RV rate (or RI rate if they do it all simultaneously) and forward to Parliament by December as they have stated.

All IMO of course.....

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Samson:  The issuance of an arrest warrant for the former governor of Basra and employees of the provincial bureau

2019/11/7 12:46

The Court of Inquiry on the integrity issues of the Presidency of the Federal Appeal of Basra issued an arrest warrant for the former governor of Basra and other staff in the Court of the province.

An official statement to the media center of the Supreme Judicial Council that "the arrest warrant was issued in accordance with the provisions of Article 340 of the Penal Code for the commission of irregularities in the statements of staff of the Basra Provincial Court and training and development courses for 2014."

The statement added that the former governor "dispatched employees who are not affiliated to the provincial bureau outside Iraq at the expense of the province of Basra and disbursed funds for these statements caused a waste of public money."  LINK

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Samson:  Integrity details the arrest warrants against Anbar Health Director and former inspector general of the ministry

2019-11-07 11:49

The Commission clarified the details of the arrest and search warrants issued against both the Inspector General of the former Ministry of Health and the Director-General of Anbar Health.

In a statement received by the Euphrates News, the FDA's Investigation Department pointed out that an Integrity Investigative Judge issued an arrest warrant and an inspection against the former Inspector General of the Ministry of Health and his two wives based on the provisions of Article (36) of the Money Laundering and Terrorism Financing Law No. 39 of 2015}'. "While he decided to put the sign of seizure of real estate subject to the case, and not to act only by a court of competent jurisdiction, and to prevent the travel of the three accused, and withhold their movable and immovable property."

It is noteworthy that the Commission had announced earlier this month, the issuance of sixty arrest warrants and recruitment against deputies and local officials on charges of corruption and damage to public money.   LINK

Frank26 and KTFA Members late Wednesday Night 11-6-19

KTFA:

Popeye7:  What a tangled web that has been woven within Iraq...

Has Sadr been against the very Iraqi people he claims to be a champion of?...

Has Mahdi actually not been in control of what transpired, but has been smeared by Iranian backed media within Iraq for this countries continued control from within their neighboring country?... Mahdi was over in China last month signing agreements in order to ensure the continued progress economically within Iraq took place... Lots of inconsistencies going on frankly...

While at the same time former Dawa party (Maliki's party) member Abadi has been very critical of Mahdi... Could the former prime minister actually be part of the Iranian cabal... We know that he has served within Iraqi politics for a period of time, and has prospered quite significantly from it I might add...

Remember that video (awfully convenient) showing former President Obama, and Christine Lagarde ignoring him... Could that have been just for show in order to make it appear as though they wanted nothing to do with former PM Abadi?...When in fact they were on the same team all along...

Something to think about!... Have you ever stopped to think that Mahdi has been for reform all along... Not visiting the US has made it seem as though he is on Iran's side in all of this... When in fact he could have very well been working against Iran in order to weed them out of Iraq's government...

Lots of conspiring going on obviously... Will we ever really know the truth in all of this during this point in time?... Ah, politics!... Gotta love it!... NOT!...

FRANK26:  IRAN YOU’RE NOT WELCOME

11-6-19

YOUTUBE LINK

Iobey777:   What a report!!!  IMO...now that the UN (the Fab 4, Trump, the USA) are attending ALL the meetings and overseeing all that is being done, things will begin to change for the better of Iraq!

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Samson:  Vietnam, US to enhance infrastructure finance

7th November, 2019

Deputy Minister of Finance Trần Xuân Hà and Acting Assistant Secretary at US Department of the Treasury Michell Silk shake hands after signing  a co-operation framework to strengthen infrastructure finance in Việt Nam

The Ministry of Finance and the US Department of Treasury signed a co-operation deal to strengthen infrastructure finance in Việt Nam yesterday.

The deal aims to mobilise and utilise private capital and develop financial markets to build infrastructure, helping Việt Nam achieve its priorities in this area.

The deal includes harnessing the potential of investors; building financing tools that can mobilise, promote and address barriers to private sector investment in infrastructure; encouraging  innovation and sustainability; exploiting financial capacity building and technical co-operation programmes; and capital market development.

Deputy Minister Trần Xuân Hà said Việt Nam’s infrastructure investment demands were high. “According to a report by the Ministry of Planning and Investment, Việt Nam’s infrastructure investment demand for 2017-20 was about US$195 billion, of which energy, roads, bridges, aviation, clean water and waste treatment were priorities,” Hà said. He said the deal would contribute to the formation of policy mechanisms to mobilise capital from the private sector and develop financial markets for infrastructure development in Việt Nam, as well as contributing to bilateral co-operation.

Michell Silk, acting assistant secretary at the US Department of Treasury, said the deal would help remove financial barriers.

With the knowledge and experience from both countries, Silk said it would help fill the infrastructure gap over the next five years, reducing financial pressure on the Government and attracting more private capital. To implement the co-operation framework, the two sides will set up a working group with the US Office of Technical Assistance.   LINK

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Samson:  Vietcombank becomes first Vietnamese bank to open rep office in US
3rd November, 2019

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) inaugurated its representative office in the US, on Friday.

Located in Manhattan, New York, the office is the first of its kind opened by a Vietnamese commercial bank in the US. The office received a licence from the New York State Department of Financial Services on June 17 this year. Earlier on October 26, 2018, Vietcombank received approval for its application from the US Federal Reserve System.

Chairman of the Vietcombank Board of Directors Nghiêm Xuân Thành said the office will connect with existing and promising clients in the US, make market analysis reports, and attend business seminars to support partners in the country.

Since the launch of its restructuring project in 2015, Vietcombank’s total assets have surpassed VND1 quadrillion (US$43 billion), nearly double that of early 2015. Its profit has tripled to top the Vietnamese banking sector and its rate of bad debts dropped below 1 per cent. The bank now has more than 550 branches, transaction offices and member units.

In October 2019, Vietcombank was also allowed by the State Bank to open a branch in Australia.

LINK

Samson: Vietnam a magnet for investors: economist

6th November, 2019
The industrial production and logistics sectors in Vietnam have great potential field, according to experts

Việt Nam is an attractive market for investment, Dr Võ Trí Thành, former deputy director of Central Economic Management and Research Institute told a conference in HCM City on Tuesday.

According to the US News and World Report, Việt Nam has risen 15 places this year to eighth in the list of the world’s best countries to invest. In Asia, it ranks fourth behind Saudi Arabia, India and Qatar. 

Thành said Việt Nam enjoys advantages like being located in a dynamic and cohesive area of global visible commerce, a young population, competitive labour costs, having a cogent investment strategy, and commitment to stability, reform and integration. But it also has some disadvantages, such as lack of consistency, quality human resources, infrastructure and competitive salaries, he said. He forecast a good future for manufacturing, services, logistics, the digital economy, infrastructure, and real estate.

Michael Paul Rio, chief operations officer of Indochina Capital Corporation, said hospitality, high-end housing, manufacturing, and logistics market are promising sectors in the Vietnamese economy.

The growth of domestic and international tourism and low-cost carriers, airport expansion, and highway development are creating opportunities for investors in the hospitality sector, he said. The number of domestic and international tourists has been growing at annual rates of 20 per cent and 18 per cent in the last five years, he said. The capacity of the country’s airports has been increasing at 20 per cent.

Since 2015 three new terminals have been built while numerous airports have been expanded, he said. New highways have helped increase the number of domestic tourists travelling by road by 60 per cent, he said. Apartment prices in Việt Nam remain regionally competitive and attractive to foreign investors, he said. The rates per square metre in HCM City and Hà Nội are US$3,800 and $3,200 compared to $4,500 and $25,600 in Bangkok and Singapore, he said.

He said logistics sector growth, FDI inflows, infrastructure development, and retail sales are key factors in attracting investors to the industrial and logistics sectors. “Vietnamese Economy 2020-2030: Recession or Resurgence” was attended by more than 300 company CEOs and leading experts in various sectors.   LINK

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Samson:  Foreign insurers eye promising Vietnamese market

7th November, 2019
The World Bank predicts that by 2026, 26 per cent of Vietnamese will be middle class, double the number today

Growing demand for health care and disease prevention in Việt Nam offers great opportunities for life insurers, especially foreign firms, to develop.

Better income has led to more attention on health among many Vietnamese. The World Bank predicts that by 2026, 26 per cent of Vietnamese will be middle class, double the number today. The average growth rate of the insurance market in Viet Nam in 2012-2017 was 21.4 per cent, much higher than the Philippines (14.4 per cent) and China (14.4 per cent).

Along with expansion strategies, life insurance firms have entered a fierce race to increase charter capital to improve their financial strength to attract customers. Among 18 life insurers in Việt Nam, Bảo Việt Life is the only domestic firm.

This year, Manulife has increased its charter capital to nearly VNĐ9.7 trillion (US$418.6 million), Hanwha Life Vietnam increased its charter capital to VNĐ 5 trillion ($215.7 million) from VNĐ 1.89 trillion ($81.5 million), Generali Việt Nam injected additional capital, bringing the current charter capital to VNĐ4.85 trillion ($209.3 million).

Compared to most of the mentioned foreign insurers, Bảo Việt Life has lower charter capital of VNĐ 4.15 trillion ($179 million).

In the field of newly exploited contracts, considered one of the most important categories for life insurers, Manulife leads with revenue from new customers of VNĐ2.72 trillion ($17.3 million). Bảo Việt Life was second with revenue of VNĐ2.64 trillion ($113.9 million).

Notably, the number of newly exploited contracts via bancassurance in 2019 increased by 180 per cent year-on-year while the new premium revenue of this channel accounted for 17.8 per cent of the total newly exploited revenue of the entire market.

Lots of potentials

Despite spectacular growth in the past few years, according to experts, Việt Nam's life insurance market remains relatively untapped.

Experts are upbeat about the Vietnamese insurance industry’s health in the coming years, forecasting it would maintain an annual double digit growth rate. The insurance industry expects a growth rate of 20 per cent this year.

The growth potential is great as the country has one of the world’s lowest life insurance penetration levels at less than 1 per cent of GDP. The average insurance premium in Việt Nam stands at $30, much lower than the global average of $595 and Southeast Asia’s average of $74.

Data of the Việt Nam Insurance Association showed 8 per cent of Việt Nam’s population currently has life insurance. Though there is no updated data, the number of insurance contracts signed via bancassurance in the first half of last year grew by 89 per cent year-on-year, reaching nearly 857,000 contracts. "The potential for further development is enormous, especially as the middle class continues to expand rapidly and awareness of risks such as increased cancer," said the CEO of a foreign insurance firm in the market.

Bloomberg reported on September 23, billionaire Richard Li's FWD Group Ltd. was nearing an agreement to pay about $400 million for the purchase of Vietcombank's Cardif Life Insurance.

There are also domestic insurers which have launched life insurance products like Bao Minh or PVI however, a report of Rồng Việt Securities Company said: “The products of domestic companies are relatively similar. Foreign companies, thanks to their ability to provide differentiated products with better profitability, are targeting the Vietnamese market. There, the direction to buy shares of domestic firms is the fastest way to penetrate the young and highly competitive Vietnamese market." LIN