KTFA Members "News and Views" Thursday 11-28-19
.KTFA:
Samson: The stock exchange announces its last session in 2019
28th November, 2019
The stock exchange announced on Thursday that the 26th of next month is the last day of trading of shares of its companies, indicating that it will allow the brokerage companies to complete the settlement of activity
The ASE said in a statement received by the Economy News that the ASE decided that the last trading session for 2019 will be a meeting on Thursday, 26/12/2019, while the first trading session for 2020 will be on Thursday, 2/1/2020 LINK
KTFA:
Samson: The stock exchange announces its last session in 2019
28th November, 2019
The stock exchange announced on Thursday that the 26th of next month is the last day of trading of shares of its companies, indicating that it will allow the brokerage companies to complete the settlement of activity
The ASE said in a statement received by the Economy News that the ASE decided that the last trading session for 2019 will be a meeting on Thursday, 26/12/2019, while the first trading session for 2020 will be on Thursday, 2/1/2020 LINK
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PennyPan: Check out who is in Afghanistan! Its just a hop skip and a jump over to Iraq!
Iobey777: Yes!! Pennypan! it sure is! maybe we will see something about that in a day or two! IMO! Didn't Frank tell us to watch to see who went to Iraq this week? IMO...SMILE!
Clare: PLEASE....DO NOT MISS LAST NIGHT'S YOUTUBE....
Frank26: 11-27-19 .......LET’S ROLL https://youtu.be/IXmVf8jXi6w?t=4
FRANK & ANGEL-1 TOOK TIME OUT OF THEIR BUSY SCHEDULES ON THANKSGIVING EVE...TO BRING US A GIFT/VERY VALUABLE INFORMATION....
HAPPY THANKSGIVING EVERYONE-GIVING THANKS TO GOD FOR OUR MANY BLESSINGS...
ENJOY TODAY AND GIVE THANKS FOR WHAT IS ABOUT TO COME AND I PRAY WE ALL WILL BE ENDOWED WITH WISDOM FROM ABOVE TO HONOR GOD IN DOING AS MUCH GOOD AS WE CAN WITH THIS BLESSING!
FROM POTUS: Presidential Proclamation on Thanksgiving Day, 2019 Issued on: November 27, 2019...SNIPPET:
As we gather today with those we hold dear, let us give thanks to Almighty God for the many blessings we enjoy. United together as one people, in gratitude for the freedoms and prosperity that thrive across our land, we acknowledge God as the source of all good gifts.
We ask Him for protection and wisdom and for opportunities this Thanksgiving to share with others some measure of what we have so providentially received.
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim Thursday, November 28, 2019, as a National Day of Thanksgiving.
I encourage all Americans to gather, in homes and places of worship, to offer a prayer of thanks to God for our many blessings. -DONALD J. TRUMP
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Samson: Next week .. Baghdad and Erbil raise a budget agreement to put the law on the government table
28th November, 2019
The governments of Baghdad and Erbil are likely to raise an agreement next week on the budget next year, especially the paragraphs concerning the share of Kurdistan and the oil agreement, in order to put the draft law in the cabinet meeting next Tuesday.
"The governments of the center and the region are in the process of concluding an agreement on the 2020 budget on Sunday or Monday," said Diyar Berwari, a member of the Kurdistan Democratic Party (KDP) bloc. He pointed out, that the agreement includes the determination of quantities of oil amounting to 250 thousand barrels to the company SOMO in return send the center government budget allocated to the Kurdistan region.
Barwari added that "the agreement will include many other paragraphs, especially with regard to investment and the development of regions and loans from various funds, hoping that the draft budget law will be presented to the Council of Ministers next Tuesday." For his part, a parliamentary source stated that "it is not clear whether the agreement will be on 12, 14 or 17% as a share of the region in the budget." LINK
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Samson: Kurdistan: We will agree with Baghdad to be between 12.7% and 14% of the budget
28th November, 2019
A member of the Kurdistan Democratic Party, on Thursday, that the Kurdish delegation, which will visit Baghdad next week will agree that the proportion of Kurdistan between 12.7% and 14% of the total budget.
Al-Saffar said, "The delegation of the region came to Baghdad for the purpose of agreeing on the share of the region and also to participate in the organization of the draft budget 2020 of the federal government because of problems in the previous budget as a result of the inability of the Government of Kurdistan to commit to deliver the amount agreed in the draft budget."
He added that "the delegation came to Baghdad to announce the commitment of Erbil from the beginning of next year to deliver the agreed quantity, in return for the region to get its share of the full budget, and will agree that the ratio between 12.7% and 14% of the total budget." LINK
Samson: Voluntary regiments in Baghdad to protect Mr. Sistani's house
2019/11/28 0:34
Residents of Baghdad and most of its cities formed voluntary groups to protect the house of the Grand Ayatollah Sayyed Ali al-Sistani in Najaf.
The correspondent (Euphrates News) that "the people of the city of Baghdad in most of the cities gather in the streets and call out the loudspeakers to form volunteer regiments to protect the house of the Supreme Reference Mr. Sistani and will head for Najaf and set up their tents in the middle of the street of the Prophet."
He added: "The starting date will be tomorrow and in the form of successive meals for protection after they believe the government's inability to protect from the youth and some clan elders." Najaf witnessed security breaches after protesters set fire to the Iranian consulate and attacked some religious offices in the province. LINK
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Don961: A harsh message from an Iraqi in a wheelchair to Sistani .. Our militia master has taken over everything
Wednesday, November 27, 2019
Baghdad - Writings
One of the protesters with special needs Diwaniya sent a harsh humanitarian message to the supreme authority in Najaf, Ali al-Sistani, informing him of the status quo that has become the sons of Iraq.
The message was widely circulated on social media on Wednesday, November 27, 2019, after it gained the sympathy of activists and local and Arab media, especially when the Iraqi citizen spoke in strong words during which he expressed the suffering of Iraqis from corruption, unemployment, repression and militias with influence and money.
The citizen was surprised that the demonstrators are accused of being agents of foreign embassies or Baathists, stressing that they are the sons of Iraq who have lost hope of decent living.
Omar Habeeb @TheOmarHabeeb A message from a demonstrator from Diwaniya sends a bloodshed to Mr. Ali al-Sistani. VIDEO LINK
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Samson: Iranian consulate stormed and burned in Najaf
27th November, 2019
The Iranian consulate in Najaf was burnt by protesters, a security source said Wednesday.
The source told Shafaq News that demonstrators stormed the Iranian consulate building in the city of Najaf and set it on fire.
He added that the Iranian diplomatic mission left the consulate 10 minutes before it was burned under heavy protection.
The source pointed out the withdrawal of the anti-people forces from the bridges of the revolution of the twentieth. LINK
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Samson: Integrity recovers 23 billion and 500 million dinars from inside Iraq
28th November, 2019
Announced the Integrity Commission, on Thursday, the recovery of 23 billion and 500 million dinars from inside Iraq.
"The authority has recovered more than $ 565,000, more than £ 329,000 and nearly € 12 million," said the director of the recovery department.
He pointed out, "retrieved amounts from within Iraq exceeding 23 billion and 500 million dinars, as well as more than 500 thousand dollars." LINK
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Don961: Integrity: provisions to recover $ 15 billion inside and outside Iraq
Wednesday, November 27, 2019
Baghdad / Tariq Araji
The Integrity Commission revealed the issuance of provisions for the recovery of funds worth more than $ 15 billion inside and outside Iraq, and while it pointed out that it has recovered more than 23 billion dinars to the state treasury during the past period, issued new recruiting orders against a number of other members of the dissolved Council of Maysan province.
The director of the recovery department at the Commission, «morning»: «« his department is working to restore and follow up the smuggled Iraqi money resulting from corruption operations », stressing« the issuance of judgments during the past period recommends the recovery of amounts estimated at 15 billion and 631 million dollars ».
He added that «the Department was also able to book funds in dollars exceeding three million and 239 thousand, and in Jordanian dinars slightly exceeded one million, and in euros exceed 53 thousand, in addition to three thousand and 500 francs». LINK
Frank26 Video "Let's Roll" and more Wednesday Night 11-27-19
.KTFA:
UPDATE FROM FRANK: DUE TO THE SPEED OF MANY EVENTS CONCERNING OUR STUDY………………
I AM DOING A 15 MINUTE YOUTUBE TONIGHT TO READ OUR NOTES TO YOU SOMETIME BETWEEN THE TURKEY & STUFFING PREPARATION…
ALSO, DUE TO THE NATURE OF OUR STUDY ...... I WILL HAVE ANGEL-1, OUR BANK TEAM, JOINING US FOR THE VERY FIRST TIME TONIGHT…
BECAUSE IT IS TIME……FRANK26
KTFA:
UPDATE FROM FRANK: DUE TO THE SPEED OF MANY EVENTS CONCERNING OUR STUDY………………
I AM DOING A 15 MINUTE YOUTUBE TONIGHT TO READ OUR NOTES TO YOU SOMETIME BETWEEN THE TURKEY & STUFFING PREPARATION…
ALSO, DUE TO THE NATURE OF OUR STUDY ...... I WILL HAVE ANGEL-1, OUR BANK TEAM, JOINING US FOR THE VERY FIRST TIME TONIGHT…
BECAUSE IT IS TIME……FRANK26
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Frank26: 11-27-19 .......LET’S ROLL
Samson: Arrival of the Joint Chiefs of Staff to Iraq
2019/11/26 23:02
The head of the US Joint Chiefs of Staff, Gen. Mark Millie, arrived in Iraq on Tuesday evening.
The visit comes amid continued angry popular demonstrations against the government for widespread corruption, poor services, widespread unemployment and cronyism. LINK
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Samson: Southern province declares a two-day holiday in order to preserve civil peace
26th November, 2019
The governor of Dhi Qar announced on Tuesday the suspension of working hours on Wednesday and Thursday.
Governor Adel al-Dakhili said in a Facebook post that he had decided to suspend official working hours on Wednesday and Thursday in order to preserve civil peace.
In all of Iraq, more than 340 people have been killed since the protests began on October 1, when thousands of Iraqis, mostly young men, took to the streets to denounce corruption and poor services and demand the overthrow of the political elite. LINK
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Governor of Dhi Qar: Excluding bank employees from the holiday
26th November, 2019
Dhi Qar Governor Adel al-Dukhaili issued a directive to bank employees on Wednesday.
The Governor's Information Office said in a statement that "Dakhili was directed to exclude bank employees from public holidays." "This is to complete the distribution of staff salaries," he said.
The governor of Dhi Qar, on Tuesday, announced the suspension of official working days for the preservation of civil peace. The media office of the governor of Dhi Qar said in a statement received (Mawazine News), a copy of it, the latter declares "the disruption of official working Wednesday and Thursday in order to preserve civil peace."
The governor of Muthanna province, Ahmed Munafi Judeh, called for the disruption of official working hours at the Directorate General of Education and the province's schools on Wednesday and Thursday to "preserve civil peace." LINK
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Samson: Muthanna disrupted school hours for the next two days
26th November, 2019
The governor of Muthanna province, Ahmed Munafi, announced on Tuesday, the suspension of working hours of the province's schools only for Wednesday and Thursday.
"He decided to suspend official working hours in the Directorate General of Education and in the schools of the province only for Wednesday and Thursday," he said in a statement.
He added, "The decision came to miss the opportunity on some malicious people who are trying to attack the institutions of the state, and to maintain civil peace." LINK
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Samson: Iran: 731 banks burned and riots attempted to blow up the largest petrol depot
27th November, 2019
Iranian Interior Minister Abdolreza Rahmani Fazli said that the explosion of the biggest gasoline depot in one of the country's cities failed during the recent demonstrations, pointing to the burning of 731 banks, 140 public places, 9 religious centers, 70 gas stations and 34 ambulances.
Rahmani Fazli said in a statement to the first channel on Iranian television, that the bad guys tried in one city to blow up the largest gasoline warehouse in them, and if their attempt was successful to burn half of the city. LINK
Samson: Mashat: The need to keep the banking sector from what is happening in Iraq
27th November, 2019
Chairman of the Board of Directors of the Arab Mashreq Bank Sadiq al-Mashat, on Wednesday, the need to spare the Iraqi banking sector from the current events in the country."
He said in a press statement continued, key to stability in the country, "calling for "the need for the banking sector, the dimensions of what is going on from events in Iraq to maintain the sustainability of monetary policy and banking and to maintain the functioning of soft projects for youth and soft loans to resolve the crises of the Iraqi citizen."
Among that "the banks of the Iraqi lead today, as it was In the last two past The distant, and hopefully future, role of the main pillar of the survival of the Iraqi state.
Al-Mashat pointed out that "banks with all their productive and economic sectors constitute the real guarantee of the national economy, at the local level or with Arab and international financial institutions." LINK
MilitiaMan and KTFA Members Wednesday Evening 11-27-19
KTFA:
Samson: A parliamentary committee is discussing with the Central Bank to correct fiscal policy and not rely on oil
26th November, 2019 Discussed the parliamentary Finance Committee with the Governor of the Central Bank and Director General of the Tax Authority, on Tuesday, the correction of fiscal policy and non-dependence on oil.
"The committee hosted today, the Governor of the Central Bank and the Director General of the Tax Authority to discuss the issue of maximizing non-oil revenues and assessing the monetary and economic policy of the country," MP Haitham al-Jubouri said in a statement received.
KTFA:
Samson: A parliamentary committee is discussing with the Central Bank to correct fiscal policy and not rely on oil
26th November, 2019
Discussed the parliamentary Finance Committee with the Governor of the Central Bank and Director General of the Tax Authority, on Tuesday, the correction of fiscal policy and non-dependence on oil.
"The committee hosted today, the Governor of the Central Bank and the Director General of the Tax Authority to discuss the issue of maximizing non-oil revenues and assessing the monetary and economic policy of the country," MP Haitham al-Jubouri said in a statement received.
The Chairman of the Finance Committee to "support the Iraqi economic reality and move it through the correction of fiscal policy and corrected and not rely on oil alone as a resource and maximize revenues through the government to take urgent measures to control the waste of billions of dollars a year at the border through the process of automating the customs and tax procedures in it.''
The Finance Committee indicated that, "will continue its oversight role by holding more meetings and hosts to find imbalances in the economic reality of the country and hold accountable for the negligent and the performance of their work and corrupt where their positions and positions, as well as continue its legislative role, which contributed to the adoption of the most important laws during the current crisis of our dear country In addition to the adoption of new laws help to solve the financial problems of the country." LINK
MilitiaMan: So lets take a look at some of the verbiage in this article above. The Central Bank of Iraq over the many years has done many things and is still doing many things.
The preparation and foundation of the monetary reforms has been poured and cured for up to 5 years running steady now. They have maintained their inflation rate IMF standards. They are now gearing to correct their fiscal policy by weaning themselves of dependence on oil alone. They are going to use additional Taxes and Tarrifs to do just that.
The meetings of late with the Central Bank in regard to them both is very important now. The citizens have spoken loudly and have been heard, as to their demands for corruption to be eradicated, stolen money to be returned, transparency in to the dealings of taxes and tariff monies at the borders and also their HCL monies allocated accordingly.
Once the citizens start to feel the bite at the crossings, they'll start to get louder with out having the purchase power they have been promised for years to off set those costs. Fair is fair. Get the mechanisms in place now to achieve all of the aforementioned, then the gears will spin more freely and quietly.
It sure now feels that since Pence arrived in Irbil this past weekend shows the effects in what we are seeing unfold now and ever more fast.
They are opening a Branch of a Central Bank now in the Mosul area of Sulaymaniyah.
Reconstruction is going to be a major issue in the very short term.
We know there are tens of $ Billions worth of monies from Kuwait awaiting in the wings to do just that. A central bank branch is for banks to do business. Not for Hakeem and his family, lol.. It is for to facilitate trade in currency with other banks. Foreign currency too.
So by automating the process "the mechanism" electronically will be more efficient and accountable to meet the standards of the modern world less the corruption to a far better degree. Thus, the additional revenues, the additional transparency and security with that will support the value of the new currency that they are expecting to be distributed here shortly from the Central Bank branches out the the smaller banks, then to the populous at large.
That new branch will have new currency to issue to the banks around the immediate areas and will support them while the reconstruction efforts begin. imo ~ MM
#239
DELTA: The Central Bank agrees to open a branch in Sulaymaniyah
2019/11/26 10:57:33
Twilight News / The Central Bank of Iraq, on Tuesday, the opening of a branch of Sulaimaniya of the bank pending an official request to the Kurdistan Regional Government, while a number of Kurdish deputies asked the government of the region in this regard.
https://www.shafaaq.com/ar
Parliamentary Finance discusses with the Central Bank Governor the mechanism of selling currency
Economy 02:14 - 26/11/2019
Baghdad - Mawazine News
A parliamentary source said Tuesday that the Parliamentary Finance Committee is hosting the Governor of the Central Bank Ali Alaq and the Director General of the tax.
The source told Mawazine News, "The parliamentary finance committee is hosting today, the central bank governor on the relationship and the director general of the tax to discuss the mechanisms of selling the currency."
https://www.mawazin.net/Details.aspx?jimare=74288
MilitiaMan: The above looks to be an also very important piece of the reforms.. Tax mechanisms of selling currency? A topic I am not at all familiar with but, there are implications to it that stand out to me.
The director General of the Tax Authority from the Central Bank and Ali Alaq have had a meeting to discuss the matter. Well at this stage of the game I suspect it is for a very important reason or two.. They'll need to have in place, an exchange rate that is internationally accepted and one that can be defended in the market place from attacks, volatility, etc..
The new exchange rate will have buying and selling pressures that will need to be monitored very closely and with precision. The Forex is a big world! Liquidity is massive and the money movement is breathtaking in currency volume and cash numbers.
Taxes are used to for to earn revenues and to also support and defend currency in the market place. Very important for Central Banks!! Especially a Central Bank that is prepared to go international again.
I say that with confidence, as we know the Central Bank has discussed mechanisms back in March 2018. The talk about the Central Bank Law then and have more recently too.
It involves printing costs. It is my understanding from Delta that the subject is fairly clear in the books on the CBI site that shows the CBI has been having new money printed to the tune of about $160 million +- in cost over about 2 years running.
The interesting thing mentioned and noted is that about $55 million was since September 2019 whereas, usual monthly payments for currency were 5-10 million a month prior. That is one large move in the short term % wise.
Thus, his view of that coins are being or have been printed is now even more likely, as they are more costly to print or mint. imo ~ MM
The Minister of Finance reveals the details of the agreement with the region and the date of sending the budget to parliament
Baghdad and the Kurdistan Region have reached an agreement and the delegation of the region will visit Baghdad next week to participate in the committee, which is the final draft of the draft budget law 2020.
Barzani announces a third visit to the delegation of the Kurdistan region to Baghdad next week
Barzani said during the conference that "the relations of the Kurdistan region and Baghdad very good," adding that "the delegation of the Kurdistan Regional Government made two visits to Baghdad, and will visit again next week in order to reach an agreement on the issue of oil exports and the general budget."
MilitiaMan: The Kurds meeting twice now and will meet again for a third and finalization of the 2020 budget. Recall they just mentioned they had an agreement on the 2018 - 2019 budgets to roll into the 2020.
The amendment we heard about some time ago in the Financial Management Law ( FML) apparently will have been sorted to roll out the new changed 2020 budget that will be respective of a new exchange rate that will need to be defended by the CBI once it goes live.
The Kurds will need to be on board for the roll out, as it will directly effect every man woman and child in the country. The demonstrators know that all too well. It is about income to them too.
The citizens have been in the process of being educated on the new money that will be attached to the 2020 budget. The fascinating thing is that once Pence showed up, they got the lead out!
And we see results now. I suspect that Green light for the Kurds to sell oil outside of the 250 Barrels per day was a awake up call hence the mechanisms are now ready to be used electronically and in automation mode..
All these things above and below are geared for a new currency to be presented; i.e., taxes, tarrifs, payments, salaries and even the new currency. The rate will need to precede the 2020 budget prior to distribution of the new small category notes, coins and or fils.
BTW, the later of the three requires a strong currency and one that can be defended!! So it is a very exciting time we are in. So lets see what they do next.. imo.. ~ MM
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FA(Final Article) #106 10/08/2018
Call the relationship in Parliament next week and claims to be fined the cost of printing
The bank issued a clarification on the new currencies, indicating that it is entitled to determine the categories of coins and metals, paper and its dimensions, forms, material, content, weight and design.
"Article 33 of the Central Bank Law clarified the mechanism of issuing the currency," al-Asadi told AFP. "The new edition cost hundreds of thousands of dollars in change."
"The second point of Article 33 of the law of the bank says that {the Central Bank of Iraq is making the necessary arrangements for the printing of paper currency and coins and for the purpose of providing security and safety for the preservation of paper and metal coins that have not been issued) and we say whether the change of currency means that The old was unsafe? "
Al-Asadi considered the lack of reference to the status of the governor by proxy and writing only a governor in the currency, which is not in origin, "the introduction of the form is held accountable by law because, according to the Iraqi Constitution is supposed to vote on the original in the House of Representatives and Ali Alalak acting proxy and legally, if raised and Vtahal status and we are surprised by that. link
Frank26 Video "The Plan" with Delta and KTFA Members News 11-26-19
.KTFA:
DELTA: Parliamentary Finance discusses with the Central Bank Governor the mechanism of selling currency
Economy 02:14 - 26/11/2019
Baghdad - Mawazine News
A parliamentary source said Tuesday that the Parliamentary Finance Committee is hosting the Governor of the Central Bank Ali Alaq and the Director General of the tax.
The source told Mawazine News, "The parliamentary finance committee is hosting today, the central bank governor on the relationship and the director general of the tax to discuss the mechanisms of selling the currency." (wink)
KTFA:
DELTA: Parliamentary Finance discusses with the Central Bank Governor the mechanism of selling currency
Economy 02:14 - 26/11/2019
Baghdad - Mawazine News
A parliamentary source said Tuesday that the Parliamentary Finance Committee is hosting the Governor of the Central Bank Ali Alaq and the Director General of the tax.
The source told Mawazine News, "The parliamentary finance committee is hosting today, the central bank governor on the relationship and the director general of the tax to discuss the mechanisms of selling the currency." (wink)
DELTA: SO........ IMO 2020 BUDGET SHOULD HAVE A NEW RATE IN IT...
BLAST FROM THE PAST..
11th September 2012
The process of scrapping old dinars and deleting zeros from Iraq’s currency to replace it with more manageable numbers could cost the country billions, according to Ahmed Faizullah, the deputy chairman of the Parliamentary Finance Committee.
Redenominating is up to Iraq’s central bank, but it would cause chaos for government by redenominating after it has set an annual budget in the existing denomination.
That’s why no redenomination will take place in 2013 and maybe 2014 as well.
Removing zeroes makes it easier print money, read it and add it up, and reduces the need to cart around too many notes to pay for goods and services in a country that relies almost wholly on cash. Iraq puts just 1% of all its transactions on credit card.
Although cutting zeros adds to costs and confusion, Faizullah says: “It is basically the process of currency switching and common people will take some time to get used to it. That is all.”
DavidWayne: Does this mean mechanisms for selling IQD on Forex?
DELTA: (wink) IT'S A POWERFULL ARTICLE...…..
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DELTA: The Central Bank agrees to open a branch in Sulaymaniyah
2019/11/26 10:57:33
Twilight News / The Central Bank of Iraq, on Tuesday, the opening of a branch of Sulaimaniya of the bank pending an official request to the Kurdistan Regional Government, while a number of Kurdish deputies asked the government of the region in this regard.
A statement by the deputies Ahmed Haji Rashid, Shiroan Mirza and Hoshyar Abdullah, Kurdish members of the Finance Committee in the Iraqi Council of Representatives, where they pointed out that the committee hosted on Tuesday the Governor of the Central Bank of the relationship, and held talks with him on a number of problems and obstacles in Iraqi monetary policy.
The statement pointed out that the meeting witnessed Kurdish MPs to the possibility of opening a branch of the Central Bank of Iraq in the city of Sulaimaniya, outside the framework of the main topic of the meeting, calling for clarifications on this file and where it arrived.
The three deputies also pointed out that the relationship confirmed that if they received an official request from the provincial government in this regard, the bank will open a branch in Sulaymaniyah and agree to open the branch.
The three deputies demanded the Kurdistan Regional Government to accelerate the submission of an official request in this regard to the Central Bank of Iraq.
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Samson: The Minister of Finance reveals the details of the agreement with the region and the date of sending the budget to parliament
2019/11/25 19:05
Baghdad and the Kurdistan Region have reached an agreement and the delegation of the region will visit Baghdad next week to participate in the committee, which is the final draft of the draft budget law 2020.
Hussein told reporters today that "part of the talks for the agreement between the Kurdistan region and Baghdad has to do with the region's share in the draft budget for the year 2020, especially the issue of revenues and expenditures of the region." He added that the meeting between the province and Baghdad, the first of particular importance to the question of oil province delivery, "adding that" the two sides have reached an agreement that recognizes the Kurdistan region a day of 250 thousand barrels per day to SOMO."
Said Minister of Finance, said that "the delegation of the Kurdistan region will visit on Next Sunday again to Baghdad, where a special committee was formed to draft a draft law on the general budget, including a representative of the region and the committee will prepare on Sunday and Monday next draft final budget law 2020 and then sent to Prime Minister Adel Abdul Mahdi, who in turn will send it to the House of Representatives for ratification.
Regarding sending the salaries of the martyrs by Baghdad, the Minister of Finance said that "fixing the salaries of martyrs and Anfal in the Kurdistan region in the budget law is part of the agreement."
Samson: Barzani and al-Qaq stress the need to give Abdul-Mahdi a chance to implement the reform packages
2019/11/26 14:16
The head of the Kurdistan Regional Government, Masroor Barzani, on Tuesday, Director of the Middle East and North Africa at the British Foreign Office Stephanie al-Qaq and her delegation.
During the meeting, according to the statement of the media office of Barzani's office, which was attended by British Consul General in Erbil James Thornton, "discussed the latest developments in the Iraqi scene, and stressed that instability in the country is not in the interest of Iraqis in general and the region as a whole."
It was also stressed "the need to give the Iraqi prime minister an opportunity to respond to the legitimate and legal demands of the demonstrators and the implementation of reform packages."
During the meeting, "the British support for the reform program in the Kurdistan Regional Government, especially with regard to the Ministry of Peshmerga." LINK
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Samson: Barzani announces a third visit to the delegation of the Kurdistan region to Baghdad next week
26th November, 2019
The head of the Kurdistan region, Nechirvan Barzani, said on Tuesday that the delegation of the regional government will hold a third visit to Baghdad next week in order to reach an agreement on oil exports and the federal budget.
This came in a press conference held after he put a crown of flowers on the grave of former Iraqi President and Secretary General of the Patriotic Union of Kurdistan Jalal Talabani in Sulaimaniyah.
Barzani said during the conference that "the relations of the Kurdistan region and Baghdad very good," adding that "the delegation of the Kurdistan Regional Government made two visits to Baghdad, and will visit again next week in order to reach an agreement on the issue of oil exports and the general budget."
"We are continuing to cooperate with Baghdad to overcome the current situation." LINK
Samson: Iraq holds talks with Iran and Kuwait on joint oil fields
08:47 - 26/11/2019
The Oil Ministry confirmed on Tuesday the continuation of talks with Iran and Kuwait on the joint fields, while disclosing a great way forward with them to develop and invest these fields.
The senior undersecretary of the ministry Fayyad Nehmeh Hassan said in a statement reported by the official newspaper "morning" and saw it (information), that "Iraq has opened over the past few years, channels of dialogue with Kuwait and Iran to develop and invest common fields and cross-border with these countries, as there are many with Iran, like it with Kuwait, like the southern Rumaila and Zubair fields.
Hassan said, "The joint delegations of specialists in Iraq and the two countries, meet from time to time to activate the investment operations."
Hassan pointed to "the continuation of discussions in this aspect as there is an understanding to develop these fields by the two countries to reach a joint production is in accordance with international standards," stressing that "the talks have come a long way in the process of appointing an international consultant."
The Iraq and Kuwait had concluded a joint contract early last August with an international company to prepare special studies to invest optimal joint fields of border between the Butterball, as the contract provides for the company to prepare a technical and reservoir studies for the fields of border - producing joint which fields ( the Dome of Safwan -aelaidla), and ( Southern Rumaila - Rattaka - Al - Ritqa field), as a prelude to organizing, exploiting and investing in a way that guarantees the right of each party to it in addition to signing an agreement with the Iranian side in this regard. LINK
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Frank26: 11-26-19 THAT IS.......”THE PLAN”
Don961 and Delta Tuesday PM "It's the Exchange Rate, Gentleman" 11-26-19
.KTFA:
Don961: PDF TRANSLATION .. THANK YOU SAMSON ...
Prof.Dr. Mahmoud Mohammed Dagher: * It is the exchange rate, gentlemen
21/11/2019
While the exchange rate goes to indicate the number of units of one currency against one unit of another currency, its changes, and this is important, reflect the cash equivalents to deduct part of the purchasing power (when reducing) The problem associated with deduction or consolidation is that it enters purchasing power without taking into account the income bracket, i.e., an additional tax on the decline (and additional income on the rise) without correlation with the income level.
Therefore, the choice of Exchange Regime is central to following the results of the exchange rate fluctuation (currency value) as well as determining the channel of transmission of its effect to the real macroeconomic joints
KTFA:
Don961: PDF TRANSLATION .. THANK YOU SAMSON ...
Prof.Dr. Mahmoud Mohammed Dagher: * It is the exchange rate, gentlemen
21/11/2019
While the exchange rate goes to indicate the number of units of one currency against one unit of another currency, its changes, and this is important, reflect the cash equivalents to deduct part of the purchasing power (when reducing) The problem associated with deduction or consolidation is that it enters purchasing power without taking into account the income bracket, i.e., an additional tax on the decline (and additional income on the rise) without correlation with the income level.
Therefore, the choice of Exchange Regime is central to following the results of the exchange rate fluctuation (currency value) as well as determining the channel of transmission of its effect to the real macroeconomic joints
a) The effect of currency fluctuations or changes in the value of the currency is reflected in the exchange system option between floating floating system with multiple spectra. It is rare for monetary authorities to clearly state the nature of their de jure system, but it is the de facto transactions by which specialists determine the exchange system and its neutral spectrum.
Following the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions , the most important document is to identify the nature of a country's exchange rate regime, as well as to identify the nominal stabilizer of monetary policy.
The currency fluctuation in the market, the nature of the restrictions imposed by the monetary authority, and then the exchange system determines, for example, the Iraqi exchange system is placed within the group of countries that follow the traditional exchange rate system.
Dealing with the exchange of dinar a Iraqi promise Mthbtha Nominally monetary policy. Through the follow-up to most of the countries with open rentier economy survey, we find it under the umbrella of an international currency peg (the dollar often or sometimes a basket of currencies the dollar component represents President
b) Iraqi dinar, as the honor of the Iraqi dinar is being dealt with several Asian cities of the policy of extension and through the follow-up survey of most of the major economic countries open economy, we find that they are under the system of linking international currency dollar high or sometimes a basket of currencies such as the dollar component main Stemming from the development of the economy and its non-diversification, fearing the impact of fluctuations in the economy of the economy when choosing a flexible alternative, and after avoiding the erosion of the value of the currency and reflected in the purchasing power of the individual entered the biggest justification for the option of the system of fixed payoff system) and any spectrum.
This approach helps in doing what he wants from the various sharp and rapid repercussions and the role of the exchange rate in that and then we rate the proportion of the year in Iraq about its choice fixed exchange system.
First: The Lebanese has not witnessed a stable monetary system as witnessed by the Lebanese regime since the early 1990s, and political pressures and internal disparities did not succeed in changing the tightening system of the Lebanese pound.
This was a milestone in the stable monetary policy of the Central Bank of Lebanon and the developed banking system compared to the countries of the region. . However, this stability in the management of monetary policy and the stability of the value of the lira ($ 1 - 1500 pounds) accompanied by the abandonment of the Bank of Lebanon part of its independence by accepting the mutual influence between the list of the financial position of the Bank of Lebanon and the general budget of the executive authority by accepting the purchase of public debt instruments
This increased the volume of credit assets in the BDL's financial position, which in turn was securitized and offered to Lebanese banks, which government debt securities are also part of their asset list and trained to motivate them to continue to accept this. Its leaves. . The high interest rate has been a catalyst for deposit and lending in the banking system, with large dollar innovations under pressure to stimulate higher interest rates compared to regional banks. This was accompanied by exchanges (Swap securities between the Central Bank of Lebanon and banks and everyone stimulates the interest rate attractive, forgetting that the taxpayer taxpayer is the financier of the Lebanese general budget deficit and securities issued by the Treasury to cover the deficit and debt
List of BDL's financial position and the general budget of the executive authority by accepting the purchase and monetization of public treasury debt instruments, in return for the interest of Al-Munawara as well as the growing volume of the wave.
And his credit in the list of the financial position of the Bank of Lebanon, which was in turn intensified (Securitic and presented to the Lebanese banks, which became government debt securities part of the list of assets as well as generating a incentive to continue with the advent of these securities Large dollar innovations under pressure to stimulate higher interest rates compared to banks in the region accompanied by swaps of securities between the Central Bank of Lebanon and banks and everyone stimulates the attractive interest rate, forgetting that the taxpayer is the financier of the deficit.
Lebanese public offset the continuing financial and securities issued by the Treasury to cover the deficit and the accumulated debt) by the political adventures of the parties to the main revolving around the management of governance, so Atsag growing banking revenue tax rates is increasing on the Lebanese citizen financially banking must be up to the extent that it is difficult where continuity |
The mutual relationship between the BDL and the Lebanese government, and this means Stuck stopped the ability of debt securities to grant a return or to bear a cost, ie, the credit assets reached high levels of the Lebanese banking system and the Lebanese Central Bank unless interest is increased, corresponding to the high level of debt Debt. Accumulated Deficits Deficits Continues
2009 - 2010 The monetary policy in the annual budget is refined, unless the tax proceeds to bear the cost of issuing additional debt securities financing deficit! The link between the performance of the BDL and the performance of the government was sharply reflected when Lebanese taxpayers rejected the tax increase project proposed by the Lebanese government.
Lit to the level ($ 1 = 1800 lire) Financial panic financial panic began secret to the banking system, and panic included two aspects: | - Dense wave of withdrawal of dollar deposits. D Relative paralysis in goods and services imported in dollars and sold in lira. So we are facing a scene in which the Lebanese pound fell by 20% in the parallel market, while the Banque du Liban insists that the price of the pound (1 $ = 1510 pounds) with banks refused to transfer deposits of individuals and companies abroad, and the trend of everyone to escape from the pound to the dollar, has become Fluctuation of the exchange rate as the governor of what is happening, and any government correction or banking action does not
to - Dense wave of withdrawal of dollar deposits. - Relative paralysis in goods and services imported in dollars and sold in lira. . So we are in front of a scene in which the Lebanese pound fell by 20% in the parallel market, while the Banque du Liban insisted that the price of the lira (LBP 151251) with the banks' refusal to transfer the reality of individuals and companies abroad, and the trend of everyone to escape from the lira to the dollar did not fluctuate the exchange rate as governor The Lebanese citizen, whether working in the private or public sectors, has a real decline, as long as most of the goods and services are imported in dollars, and the pent-up of inflation has revealed the balance that the BDL has achieved. This is what the low currency is Shah specialists, but the worst thing that happens to the currency of a small and open economy is the existence of two exchange rates, one declared 1512 pounds per dollar and the other at 1800 pounds per dollar, so individuals do not bear the impoverishment caused by the implicit tax caused by the devaluation of the currency.
The potential solution after the crisis is mainly the ability of the executive authority to develop the street and reassure the citizen, and the exit of the government expected by the budget deficit, while the Central Bank of Lebanon must disengage the list of financial center to the ongoing budget deficit, as well as control the entry and exit of goods and services :
The Iranian event, the second important event whose repercussions still exist.:
Iran follows the exchange rate system with a number of composite currencies according to IMF classification (2018), but its spectrum is far from the traditional fixed exchange rate of Iraq, as it is called Cawlike Arrangements. • Capital and capital pressures, so countries that follow this pattern change their classification quickly
Note that Iran is practically pegging its currency to the polar according to the spectrum above, and the monetary authority (KFHI) exercises restrictions on exchange as well as multiple practices with the currency Multiple Currency Practices MCP It may seem that such a pattern closer to the Managed Floating managed as trying Some mistakenly call it that, because directed changes are realized from the exchange rate of AIT to the last APT, and so away from the pattern of exchange flexibility.
This system adopted by the working authority may give it a flexible annual economic flexibility, but this is accompanied by high risks Risks if accompanied by the rise of Australian Central Bank and the acquisition of financial authority (Treasury) on the bank and lead the economic decision, as the latter is ideological pattern And rigid targets, which is happening in Iran. While the drainage system gives high potential to stimulate export, it reflects on the lives of different social strata.
The Authority's desire to stimulate exports and reduce imports in response to the imposed blockade, or 2 positions in stimulating growth sectors attracting foreign exchange, as the monetary authority has been constantly devaluating currency until recently, after the recent siege, turned into a floating currency almost free of risks to the economy The most important is what we fear from the impact on the purchasing power of most income brackets as long as the trend is the reduction (Depreciate), so Yere is the cash equivalent to the tax on income all without exception and by the same force, unlike the tax that takes into account the income bracket.
As a result, the reduction of the aunt does not take into account the domestic tranche 0, although it is an implicit tax (Iranplicit Tax, the recent blockade has generally revenues from oil exports and some other tribe commodities) and a clear deficit with large spending requirements.
"The effect is the monetary equivalent of taxing all incomes without exception and by the same force, unlike the tax that takes into account the income bracket. As a result, currency depreciation does not take into account the scientific segment, although it is an implicit blow. The search for a way out of the public financial crisis took place with some options abandoning government spending programs in armament and capacity development in the hope of filling the deficit. The Iranian currency has collapsed to record highs in the recent period as illustrated in Figure (1). 1) The exchange rate fluctuations of the Iranian rial against the US dollar in the parallel market IRR / USD
Mahmoud - edited rebellions / 2/2019/11 / omists. net / en / wp - content / uploads / sites = At Source: WWW. BONBAST. Note that (1 toman is equal to 10,000 riyals) the rate of decline by figure is estimated at 312% from June 2017 ($ 1 equals "37.00 riyals") until September 2018 ($ 1 equals 152,500 riyals), Despite the improvement, it remains within the range of 120,000 riyals to the dollar (in the parallel market, while the Iranian central bank declares the price of 12,000 riyals per dollar). Its negative impact on world life from the event of igniting inflation and erosion of real income is likely, which is the birth of the protests that limited the protests in 2009, 2017, but greater than what is currently happening
The strange link between the current event in Iran and the decision to raise the price of hydrocarbons (gasoline)
It is strange to link the current event in Iran to the decision to raise the price of gasoline (AU0) after a certain volume of subsidized fuel. The price outweighs the income and not the prices of other countries, and since the very low exchange rate has exhausted the real income earned, the increase in the price of fuel affects the income of the citizen sharply. Without taking into account the level of poverty must Thinking that the goal of obtaining foreign exchange did not leave the maker of Al-Safati before the siege and the recent significant devaluation of the currency. The deposit of their money is coordinated by daughters under bank intermediation
Auto | Lending, which is difficult to achieve because the latter depends on the profitability of investment in the Iranian economy is not possible, so the dollar depositors suffered clear losses and reduced confidence in the banking system.
THIRD: THE IRAQI EVENT
We conclude from the simplified analysis of the two existing Lebanese and Iranian events and before them the Egyptian event (two months ago, represented by the popular protests are as follows: -
1.The dependence of the continuing monetary authority represented by the balance sheet (balance sheet) to the effects of the continuing deficit in the public budget, will inevitably lead to currency exposure, as long as the financing of the deficit is continuous and not atheists.
2. The dependence of the continuing monetary authority, represented in the balance sheet (balance sheet) on the effects of the continuing budget deficit, will inevitably lead to currency exposures as long as the financing of the deficit is sustained rather than individual.
3. Excessive stimulation of the export sector through reduction is not feasible, as long as the production structure is not diversified, as has been demonstrated by many experiences, especially when the export sector is technologically dilapidated and preferably a strong currency to assist in the import of technical equipment. Curbing imports by reducing to the deterioration of the livelihood level, Negative misleading the purchasing power of income and pays for more poverty.
4. Excessive curbing of imports through reduction leads to a deterioration of the livelihood level, especially when there are no or no alternatives to domestic production.
5. The worst that affects any exchange system is the existence of an official and parallel exchange rate. Given these modest conclusions of the protests in Lebanon and Iran as part of the exchange rate analysis, where are the recent protests in Iraq approaching the two experiences? This answer calls for a return to a recent date in which we will clarify the procedures of monetary policy.
Despite the adoption of the traditional fixed exchange system since the end of 2008, the dinar shelf has been continuing towards the dollar peg for the years in 2017, as shown in Figure (2) iiiii. Iraqi dinar to US dollar for the year 2010 - 2019 CEF 1. 120 110 1220 Aug 2019 Fety, 2019 2018 feb 2018 2017 A feb 2017 ALL Aug 2016 1. 270 1320 Fat 2016 2015 March 2015 2011, February 2014 13 Dar 2013 and »F At 2012 feb 2012 and 10 TOP 2011 m 2010 Fire Fly, 2010 Source: Central Bank of Iraq, Statistical website.
Source: Central Bank of Iraq, Statistical Website Auto | It is noteworthy that volatility has decreased in 2017 and ended in 2018 and is still one of the objectives of monetary policy to ensure the performance of the dinar in controlling purchasing power and prevent the existence of two prices in the economy, a statement adopted by the author, `` no worse than the existence of a high or low exchange rate except the existence of two prices. ''
The stability of the dinar at ($ 1 = 1200) with a margin of volatility less than 1% (1190 - 1200 bar / $ 1) eliminated the impact of the implicit tax resulting from the depreciation of the currency on the various income segments, and kept the purchasing power of the Iraqi dinar at the target.
From 2004 to 2015, the relationship between the Bank's financial position and the balance sheet has not been established. The Central Bank has maintained an acceptable degree of legal and administrative independence, although the objective nature of the spring structure of the public budget in which we receive public revenues is in dollars. Spend in dinars, makes the money supply hostage and padda-treasurer, of your neighborhood
Stating the dollar to the dinar. Figure (3) helps in showing the relationship between the general budget and the bank's budget
Source: From the work of the researcher as a result of the double shock that faced the Iraqi economy in 2015 (low oil prices + ISIS gangs) and the Iraqi government faced a dilemma, the government banks and even some private banks, as well as the Central Bank to support the Treasury by providing loans While the Central Bank contributed to the discount of treasury transfers public banks and thus began a new relationship and assets of the financial position of the bank, which now includes domestic credit assets (Hawa and treasury bonds) besides foreign assets, and the volume of remittances and discounted bonds to 16 trillion R Iraqis almost for the years 2015.2016.
However, this has stopped since 2017 and until now, and the debt interest has been extended, as well as a modest amount of no more than 1. 5 trillion dinars for its installments. Therefore, we can say that the Central Bank has maintained an appropriate distance from the financial authority, which helped him to control inflation and ensure the stability of the exchange rate at the target since 2017 and until now.
Despite the success of monetary policy in managing the monetary mass through the nominal fixed exchange rate ", the mechanism of transfer of monetary policy impact and its decisions to the real sector (agriculture, service industry ) was not efficient because it was confined mainly to the import channel.
Such weaknesses due to the performance of the mechanism of retaliation Transmission Mechanism on Monetary Policy due to linkage with other macroeconomic variables, which was not controlled by the monetary authority because of the link with the performance of other financial and trade and employment policies, as well as weakness up to a state of lack of financial depth In the Iraqi economy, which can be described as financial fragility that does not allow the transition mechanism to work smoothly.
One of the most important problems faced by the monetary authority in Iraq is the extent of the exchange rate ability to affect the real economy, since the latter is the main refuge for economic growth, and therefore can not monetary safety alone a success of macroeconomic performance, although important.
Therefore, it is noted that there are proposals from some of the gentlemen calling for a reduction of the exchange rate of the Iraqi dinar against the dollar under the pretext:
A - The exchange rate of the dinar ($ 1 = 1200) exaggerated stimulates the import.
B. In their opinion, this high price represents a depletion of dollar wealth. Dahd and immediately if we dismantle these proposals find the following:
1 - It is normal that the dinar cannot be stimulated to export because of its relative lack of currency. The dinar and the dollar are convertible as long as the bank law number 56 of 2004 confirms the simple sale of foreign currency to its applicants. Without restrictions. Indeed, the bank believes that the problem of the real sector is not mabih, but lies in the unfair competition for the goods of neighboring countries brown resulting from the breeders of exchange rate reduction of these countries compared to the Iraqi dinar, and hence the complexity of the growth of real halls lies in the need for a wall as a customs of Iraq With neighboring countries that practice Iraq policy backed by a low exchange rate does not allow the domestic production sector to compete with
The local production sector is not allowed to compete, especially the low Aute. D) There are unofficial outlets through which various permissible and prohibited goods enter and therefore the origin of the customs tariff is the monetary alternative equivalent to the impact of the exchange rate policy (called the Exchange Rate War) of the neighboring countries that have not been achieved.
It was and can still be addressed by the customs wall, which is what all countries are doing, which has become a serious problem not only because of the decline in individuals achieved, but also the growth of national sectors of agriculture and industry when conducting a survey on the statistics of foreign trade (import) both national and We find that the volume of imports, including Kurdistan, is about $ 60 billion at a time when the customs revenue does not exceed $ 1 billion at best? ! Therefore, we continue to call for the application of tariff lists in quantitative and qualitative terms, otherwise growth will remain dependent on the oil sector only.
May The recent protests in the clairvoyant's economic (corruption, unemployment, service performance) withdrew to the depth of the political structure, but as far as monetary policy ask the following questions:
What would have happened if accompanied by these protests a reduction of the dinar (implicit tax high impact)? That is, if the claims of protesters accompanied a deep impoverishment. The protests are an initiative and participation that was relatively outside the framework of salaried state employees. Most salaries of employees are in the bracket (600, 000 - 1, 000, 000 dinars).
We conclude that the financial crisis represented by the low exchange rate leading to the erosion of power
Any devaluation would change the purchasing power of income downward without taking into account the modest income brackets. Find out that the financial crisis of the low exchange rate leading to the erosion of purchasing power in Lebanon and Iran differs from that in Iraq and if they are synchronized between them. (Forced in Lebanon) represents the worst monetary policy options.
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Mahmoud Mohamed Dagher - it's the exchange rate, gentlemen, editor
Don961: IMO ... IN OTHER WORDS ACCORDING TO THE LAST STATEMENTS OF THE ASTUTE PROFESSOR... KEEPING THE EXCHANGE RATE ARTIFICIALLY LOW ONLY HURTS THE PURCHASING POWER OF LOWER INCOME CITIZENS IN ADDITIONAL HIDDEN WAYS .
SOOOO .. IN LIGHT OF WHAT THE PROTESTORS ARE DEMANDING FOR DECENT JOBS , DECENT INCOMES AND DECENT LIVES ... THE ALTERNATIVE WOULD LOGICALLY BE TO STRENGTHEN THAT RATE ... INCREASE THAT PURCHASING POWER
DELTA: GOOD JOB DON AND SAMSON....
Dr. Mahmoud Mohamed Mahmoud Dagher IS General Director IN THE CBI Department of Financial Operations and Debt Management
Frank, Delta and KTFA Members Monday Night 11-25-19
.KTFA:
DELTA: Iraq: Following the joint World Bank – WTO Workshop on the Accession of Iraq, which took place in Beirut on 25-26 July, the Secretariat, the World Bank and the Government of Iraq are working towards organizing a High-Level Conference on the WTO Accession of Iraq, in Baghdad, at the end of November.
The conference is intended to facilitate the formal reactivation of the accession process. A visit to Baghdad by the Chairman of the Working Party, Ambassador Omar Hilale (Morocco), is envisaged to take place at the same time as the conference.
KTFA:
DELTA: Iraq: Following the joint World Bank – WTO Workshop on the Accession of Iraq, which took place in Beirut on 25-26 July, the Secretariat, the World Bank and the Government of Iraq are working towards organizing a High-Level Conference on the WTO Accession of Iraq, in Baghdad, at the end of November.
The conference is intended to facilitate the formal reactivation of the accession process. A visit to Baghdad by the Chairman of the Working Party, Ambassador Omar Hilale (Morocco), is envisaged to take place at the same time as the conference.
https://www.wto.org/english/thewto_e/acc_e/nl_e/2019_05_acc_newsletter_e.pdf
Popeye7: Delta, thanks for the fantastic reminder... And what do they need before their reactivation, and facilitation?...(wink)
MilitiaMan: Another fine tuned and well timed anouncement.. They are to facilitate the formal reactivation.. They mean business is coming to town!! November is coming to a close.. lol imo ~ MM
Frank26 Monday Night CC 11-25-19
Playback Number: 605-313-5163 PIN: 156996#
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Samson: Parliamentary Finance reveals details of the new salary scale for employees of Iraq
25th November, 2019
The Finance Committee, chaired by MP Haitham al-Jubouri, and its members attended on Monday 25/11/2019 a meeting at which the Federal Civil Service Law was discussed and a new formula for the salary of state employees was sent and sent to the government.
According to the meeting, the preparation of a new salary scale for state employees ensures social justice and eliminates the large differences between salaries as well as it is a major demand of the demonstrators to be achieved.
On the other hand, Chairman of the Finance Committee Haitham al-Jubouri stressed the need to maximize non-oil revenues such as taxes and full control over border ports and customs to supplement the state investment budget to complete the lagging projects and initiate other important projects such as hospitals and schools.
In this regard, the Finance Committee directed to host the Governor of the Central Bank, the Chairman of the Border Ports Authority, the Head of the Customs Authority and the Head of the Tax Authority to identify the problems facing them and find quick solutions to them. LINK
MilitiaMan: Now remember yesterday we saw where the salaries are a key component to what is on the way. Salaries are done in many case by electronic remittances.... Cards... Recall the % (pizza) and NSCNs (Ice Cream) analogy.. Well if there is a new formula, that would suggest that things are about to change..
Take that last bit too. The Finance Committee hosted the CBI Governor and the Chairman of the Ports Authority and Customs Authority.. Why all of them?
Well if there is a new formula regard duties and taxes, they would all have a very serious need to know if there is a rate change.. JMTCs ...
Today the Kurds have plenty of talk about agreements.. They would have to know about this meeting, as well would they not? lol Yep..They have borders, ports, etc., too.. imo ~ MM
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Samson: A comprehensive agreement between Baghdad and Erbil for only one year .. These details
2019/11/25 16:16
The regional minister for talks between Erbil and Baghdad Khalid Shwani on the agreement between the Kurdistan Regional Government and the federal government on the budget next year 2020 in the framework of a comprehensive agreement with Baghdad.
Shwani said in a press interview that "the delegation of the region, which is visiting Baghdad, headed by the Minister of Finance and Economy in the government of the least Monday with the two deputy prime ministers for energy, finance, and oil and planning ministers in the federal government."
"What is important to us is to reach an agreement between the two sides, and no matter how many meetings between them and the dialogues are moving towards agreement, I hope and there are strong indications of reaching an agreement today."
He Huani that "the province will stick to hand over the amount of 250 thousand barrels per day of oil to Baghdad,"noting that "must deliver the region specified amount, but in return must be received by the financial entitlements and salaries of employees, and the wages of oil companies operating in the region."
And the start of the provincial government to hand over the amount of oil agreed to Baghdad between that "depends on the budget law for 2020, once the law began to be delivered 250 thousand barrels of oil to Baghdad daily."
He pointed out that "the debts of foreign companies owed by the regional government is a file of the files that are being Dialogue with Baghdad, and in the event of an agreement the two sides will be determined by a special payment mechanism that debt."
He explained that "according to the Constitution, the rights of the region are clear, especially the salaries of employees and other financial benefits, and this is unlike the funds for development, reconstruction and projects, all of which are discussed, while the region's share and proportion depends on the ongoing dialogues and agreement reached by the two sides."
Shwani revealed that the agreement between Baghdad and Erbil will be only for one year because the budget law will be for one year, while the agreement on the budget will be within the framework of a long-term agreement between the two sides.
Shwani noted that "the delegation visiting Baghdad special budget and financial file, but with regard to the amendment of the Constitution there is a special committee in the region, has begun its work, but the visit of its members to Baghdad has not yet been determined."
He explained that "the powers are not given to one person but to the delegation, and the delegation has the authority to conclude and conclude, but with regard to strategic issues with Baghdad is returning to the political leadership in the region." LINK
MilitiaMan: Like I mentioned yesterday in post 118 todays thread and 180 yesterdays thread that Pence showed up yesterday in the Kurd region.. Look at what came out of it. Then add to the CBI Governor with the Port Authority and Tax Authority and a new Formula.. lol Kinda fits like a glove imo.. Wow! Notice again the Salaries are mentioned and a special payment mechanism. Go figure.. lol imo This is smokin~!. ~ MM
Samson: Ghadban announces a preliminary agreement between Baghdad and Kurdistan on the draft budget LINK
MilitiaMan: Stopping short, yet stating his view is the has been reached in Principle and as being final.. I'll go pack to the Pence meeting.. Things are sorted or they wouldn't have been early to get to Bahgdad and have a meeting with the CBI GOV, etc.. too.. imo ~ MM
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Herb: Starfish ...
Once upon a time there was a wise man
who used to go to the ocean to do his
writing. He had a habit of walking on the
beach before he began his work.
One day he was walking along the shore.
As he looked down the beach, he saw a
human figure moving like a dancer. He
smiled to himself to think of someone
who would dance to the day.
So he began to walk faster to catch up.
As he got closer, he saw that it was a
young man and the young man wasn't
dancing, but instead he was reaching
down to the shore, picking up something
and very gently throwing it into the ocean.
As he got closer he called out, "Good
morning! What are you doing?"
The young man paused, looked up and replied,
"Throwing starfish in the ocean."
"Why are you throwing starfish in the ocean?"
”The sun is up and the tide is going out. And if I don't throw them in they'll die."
“But, young man, don't you realize that there are miles and miles of beach and starfish all along it. You can't possibly make a difference!"
The young man listened politely. Then bent down, picked up another starfish and threw it into the ocean, past the breaking waves and said - "It made a difference for that one."
Author Unknown...
KTFA Members "News and Views" Monday PM 11-25-19
KTFA:
Samson: In the presence of a Kurdish delegation .. Economic Ministerial Council held a meeting to discuss the 2020 budget
11:10 - 25/11/2019
According to an informed source, on Monday, that the Ministerial Council of the economy held a meeting to discuss the articles of the general budget for next year 2020.
The source told / Information /, that the Council held its meeting chaired by Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein and the ministers of oil, trade and planning and the Secretary-General of the Council of Ministers and Governor of the Central Bank and the Chairman of the National Investment Commission 2020”.
The source added, "The Ministerial Council also discussed a number of files and topics of interest to other ministries of the State and take appropriate decisions on them." LINK
KTFA:
Samson: In the presence of a Kurdish delegation .. Economic Ministerial Council held a meeting to discuss the 2020 budget
11:10 - 25/11/2019
According to an informed source, on Monday, that the Ministerial Council of the economy held a meeting to discuss the articles of the general budget for next year 2020.
The source told / Information /, that the Council held its meeting chaired by Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein and the ministers of oil, trade and planning and the Secretary-General of the Council of Ministers and Governor of the Central Bank and the Chairman of the National Investment Commission 2020”.
The source added, "The Ministerial Council also discussed a number of files and topics of interest to other ministries of the State and take appropriate decisions on them." LINK
Samson: Ghadban announces a preliminary agreement between Baghdad and Kurdistan on the draft budget
25th November, 2019
Deputy Prime Minister and Oil Minister Thamer Ghadhban, reached an agreement with the Kurdistan region on the federal budget for 2020. This came after a delegation from the Iraqi government with a delegation from the Kurdistan Regional Government to discuss the draft Iraqi budget.
Minister Thamer Ghadhban told reporters after the meeting, "an agreement has been reached in principle, which I can personally describe as final, to deliver oil extracted from the Kurdistan region to the Iraqi Oil Marketing Company (SOMO), which will export via pipeline to the Turkish port of Ceyhan at a rate of 250 thousand barrels daily. Relations have improved with the change of governments in Baghdad and Erbil, the capital of the Kurdistan region.
As part of the budgets of 2018 and 2019, the Kurdistan region have agreed to send 250 thousand barrels per day to the federal authorities in exchange for the payment of Baghdad to the salaries of government employees. Minister Thamer Ghadhban said that the process of receiving oil from Kurdistan will be from 1/1/2020.
He added, that a meeting will be prepared next week in which representatives from the region to discuss the draft budget law and in order to finalize it and send it to the Council of Ministers for discussion and approval and then sent to Parliament to be legislated and become a law. LINK
Hammy14: So, the agreement with Kurdistan will begin on January 1, 2020. Hummmmm. Interesting....
2Cents: What is interesting is that THERE IS AN AGREEMENT!!!!!!! This should not be overlooked or taken lightly IMO!!!!
Iobey777: WOW!!! Very, very interesting!! IMO..I would venture to say that "someone" here knows the new rate and they are now happy with it! Finally!! an agreement has been reached and it is FINAL!!! Make it happen..COM and Parl!! (I'm also guessing that some people here do Not want to be sanctioned, therefore they are agreeing to get this done ASAP! IMO!! Whatever it takes..I'm good with speeding it up!! I'm sure the citizens will be too when they see it actually happen!
2 Cents: IMO, the talk appears that the Kurds will participate in the finalization of the 2020 budget on Sunday and Monday of next week now that they have entered into the "AGREEMENT". This will finalize the "AGREEMENT". The budget will then be sent to the COM for approval and sent to Parliament thereafter. The big question is whether they are waiting until Sunday/Monday for a reason and whether the Kurds will not allow finalization until there is the RD/RV and/or RI.....???? Are we right on top of it????
2Cents: IMO, Just so all know, the meeting today between Baghdad and the Kurds reportedly lasted 6 hours and participants included...........wait for it..........wait for it.........wait for it.......
The Governor of the Central Bank........
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Samson: Abdul Mahdi arrives in Dhi Qar at the head of a high-level delegation
13:55 - 25/11/2019
Prime Minister Adel Abdul Mahdi arrived in Dhi Qar province on Monday at the head of a senior government and military delegation.
"Prime Minister Adel Abdul Mahdi arrived today in Dhi Qar province at the head of a high-level government and military delegation," a source familiar with the information said.
The source added that "Abdul Mahdi will hold meetings with security leaders and local officials."
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Samson: Integrity Arrests One Of The Deputies For Bribery
25th November, 2019
A political source said on Sunday that a force of integrity had arrested a lawmaker accused of bribery.
The source said that "a force of integrity arrested on Sunday evening MP Mahmoud Mulla Talal, in the act of taking a bribe from a minister."
According to the source, the arrest of MP Mahmoud Mulla Talal, former governor of Wasit, took place in the center of the capital Baghdad in the Jadiriya area. LINK
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Samson: For the second day in a row .. Protesters block most roads in Iraq's richest province
25th November, 2019
Protesters in the oil-rich province of Basra, which lies in southern Iraq, continued to cut most of the main roads in the province for the second day in a row.
The protesters set fire to those roads, some leading to sites and oil fields that are the backbone of the country's economy, a reporter said.
Angry demonstrators in the oil-rich southern provinces since October have blocked roads leading to fields, oil sites and ports to stop them. LINK
Samson: Video: Student Demonstration Of 40 Thousand Students Chanting The Iraqi National Anthem
25th November, 2019
Read the national anthem in the presence of more than 40 thousand students from various universities in the province of Baghdad, including the Iraqi University filled the entrance to aviation and access to Tahrir Square.
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Samson: Report: Sweden begins investigation with Iraqi Defense Minister for war crimes
25th November, 2019
Iraq's current defense minister, Najah al-Shammari, is under investigation for war crimes, apparently over clashes that have accompanied protests in Iraq and left dozens dead. The Swedish Prosecutor General has launched an investigation into the Iraqi Minister of Defense's war crimes and genocide, and the case is being handled by the national unit for organized international crimes.
According to Swedish official documents, Iraqi Defense Minister Najah al-Shammari holds Swedish citizenship and has memory problems. According to Swedish websites, al-Shammari receives subsidies from the Swedish authorities because of his memory problems under Swedish law, because the Swedish government pays allowances to people who cannot work because of disability.
Al-Shammari, who took over the post of defense minister in Iraq in June, arrived in Sweden in 2009. His family joined him three years later. According to Swedish media, al-Shammari used a different name in Sweden, Najah al-Adly, as his defense minister. LINK
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Samson: An official house in Dhi Qar was burned and another was arrested in Wasit
25th November, 2019
Security officials said on Monday that protesters burned the house of an official in Dhi Qar province.
The source told Twilight News that the demonstrators burned the house of former member of the House of Representatives Khalid al-Asadi in the Sumer area downtown Nasiriyah, the center of the province of Dhi Qar.
On the other hand, a security force in Wasit province arrested a member of the provincial council Oraibi Zamili, for reasons related to corruption files. LINK
Militiaman and KTFA Members Sunday PM "Rate Preceeds New Notes" 11-24-19
.KTFA:
Samson: Samurai: Pence gave the green light to the Kurds on the sale of oil without involving Baghdad LINK
MilitiaMan: I don't believe this is an aside for not paying the 250,000 barrels a day to Baghdad. In fact it is above and beyond that amount that could be sold.
This bodes very well for the Kurds and us as investors, as it will seal the agreement for the implementation of the 2019 Federal Budget Law that will usher in the 2020 Budget cycle to come (imo) that has the Kurdistan's Regional share of it inside.
Pence has ushered in what appears to be the foundation for the final agreement set for tomorrow in Baghdad. Keep in mind the salaries that will need to be paid.
KTFA:
Samson: Samurai: Pence gave the green light to the Kurds on the sale of oil without involving Baghdad LINK
MilitiaMan: I don't believe this is an aside for not paying the 250,000 barrels a day to Baghdad. In fact it is above and beyond that amount that could be sold.
This bodes very well for the Kurds and us as investors, as it will seal the agreement for the implementation of the 2019 Federal Budget Law that will usher in the 2020 Budget cycle to come (imo) that has the Kurdistan's Regional share of it inside.
Pence has ushered in what appears to be the foundation for the final agreement set for tomorrow in Baghdad. Keep in mind the salaries that will need to be paid.
We know they NSCN's (lower denoms) will need a rate prior to using them. They are said to be populated throughout Iraq now, as told by Alak that funds have moved in armored trucks in the very recent past.
The 28th is the last payday of the month. It makes more sense to to me to pay them in a new rate with nscn's, than again paying them with a program rate.
The average citizen gets about $800.00 USD worth of income.. They live like many paycheck to paycheck. So by now they are running low on money preceding payday.
Far cheaper for the RI while they have less money to convert. Paying again at 1190 and then RI is costly, thus, supporting prior to the last payday makes sense.. Literally too.
Remember rate precedes new notes.
That rate is imo in the 2019 Federal Budget for the 2020 Federal Budget.. They have held the 2019 budget very tight thus far this year, and for good reason all this time now.
Well, with Pence arriving unannounced shows that he had more on his mind than Turkey Dinner. In fact, it is more likely to be about large money and contracts that will benefit many and in short order.
The Kurds were not to meet in Baghdad until or by the middle of next week. Well tomorrow is not the middle of next week. The green light was given for BOTH SIDES in regard to financial rights and entitlements!!!
The salaries are part of those rights and entitlements. The value is for this year in the 2019 Budget.. So we watch and see if they get paid in nscn's or not this week. IMO, they will and it appears they will know more tomorrow..
Btw, by paying them in NSCNs they reduce the note count. That my friends is increasing value, just like the CBI has always said they will. It is not a lop!! ~ NEVER WAS AND NEVER WILL BE!! ~ imo ~ MM
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Frank26 quote: "Since Daddy arrived last week, we are starting to get into the black (and out of the red).
We can do things for the budget now." "What if we give you everything you want in the 2020 budget, citizens?" "They'd rather it be done now."
"The GOI says they're going to get it for them." "The budget is for next year, but the value is for this year.""So as you can see, deleting the zeros or to remove (them imo See post #52 11/22/19) it, equals replacing the 3 zero notes with new ones, but that will happen after the rate change."
From CBI advisor Post #19 Delta: "tends to indicate the number of units of one currency versus another currency, it changes... reflect the monetary equation for _____ the purchasing the power when you are reducing the note count... This is powerful...it is telling you what they are doing with their exchange rate." ~ Frank26
Kurdistan signs positive talks with Baghdad and sends its delegation again
24th November, 2019
The Kurdistan Regional Government (KRG) announced that a Kurdish delegation will head to Baghdad on Monday, a day after a similar visit to the Iraqi capital.
The presidency of the Kurdistan Regional Government, on Sunday, met with the government delegation that visited the capital Baghdad, on Saturday, and held dialogues with officials in the federal government. The meetings of Baghdad on the oil files and the share of the Kurdistan region of the federal budget for the year 2020.
After the meeting, Gutiar Adel, a spokesman for the regional government, held a press conference in which he stressed that the ongoing talks between Baghdad and Kurdistan have reached an important and advanced stage and are proceeding in a positive atmosphere.
He added that "the delegation explained the principles that resulted from the visit and become the basis of the final agreement on the issue of the draft budget year 2020 in a way that takes into account the common interest of both sides and guarantees the financial rights and entitlements of the Kurdistan region contained in the Constitution in return for the obligations of the region."
He explained, "The delegation stressed that the two sides reached a good understanding, and will visit the delegation on Monday again to Baghdad in order to discuss more on the topics of salaries and the share of the region in the budget and oil and a number of other issues and observations of the regional government to agree with officials in Baghdad."
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Kurdistan government announces visit to Baghdad tomorrow to complete the talks
2019/11/24 18:13
The Kurdistan Regional Government, the visit of a high-level Kurdish delegation to the capital Baghdad to complete talks on the region's share in the 2020 budget.
This came during a meeting of the President of the Kurdistan Regional Government Masroor Barzani and in the presence of his deputy Qubad Talabani, on Sunday, with the delegation of the Kurdistan Regional Government, who visited Baghdad and held talks with the federal government in the oil and budget 2020.
A government statement received a copy of the Euphrates News,
The delegation of the regional government presented at the meeting, the latest developments regarding the talks with the federal government, pointing out that "talks between the two sides are making progress after it has passed important stages in a positive atmosphere and a common understanding."
He added, "where the delegation highlighted the principles reached in his talks with the federal government, which represents a cornerstone of any final agreement to ensure the financial dues of the Kurdistan region in the draft federal budget for 2020 in return for the implementation of the obligations of the region for the mutual benefit of both sides."
The Kurdish delegation pointed out that "the talks he is holding with the federal government are under the direct guidance and patronage of the head of the provincial government, while stressing a good understanding," declaring "return to Baghdad again on Monday to continue the talks." LINK
Don961: Coming soon .. 2020 budget from the government to parliament
Sunday 24 November 2019
Baghdad / Omar Abdul Latif
The Committee on Finance in the House of Representatives likely the arrival of the state budget for 2020 to the House of Representatives this week or the next, and the Committee indicated that the next budget will differ significantly from previous budgets and will come in line with the demands of protesters and citizens.
Committee member Sherwan Mirza told "morning": "The government is going to send the 2020 budget to the House of Representatives this week or next week to discuss," adding that "next year's budget will differ significantly from the budgets prepared in the past as it will come in line with the requirements of the current situation The demands of the demonstrators, "ruled out that" the budget next year will be similar to the past years as was happening in the past. "
And Mirza, that "the House of Representatives and the Council of Ministers gave a lot of promises to the demonstrators to intensify projects during the next phase and provide jobs for the unemployed, which contributes to calm the street, it can not be the budget next year void of content, and the government can not say that the budget prepared from Accepted the previous government because of its one-year anniversary. "
Mirza hinted that "the Kurdish delegation that arrived in Baghdad yesterday will hold talks with the federal government on the region's share of the budget next year and the delivery of oil revenues," stressing "a great convergence of views between the parties."
MP Majid al-Waeli, a member of the committee, told Al-Sabah that the cabinet has not set a date for sending the budget. Now a date to send to parliament. "
Qusay al-Shabaki, a member of the House of Representatives, agreed with his colleague Al-Waeli that the Council of Ministers delayed sending the 2020 budget to parliament.
Al-Shabaki told Al-Sabah that the Council of Ministers should expedite sending a budget next year to the parliament for the purpose of discussing it, fixing the notes and then voting on them before the end of this year.
Member of the Finance Committee Jamal Cougar, for his part, confirmed that the budget 2020 will be allocated most of its doors to meet the demands of the demonstrators.
"The budget includes the distribution of land and the construction of low-cost houses for the poor and the needy," Kojer said in an interview with Al-Sabah. LINK
MilitiaMan: The Kurds are to be in Baghdad tomorrow. This article appears to be soft on timing. Probably for good reason.. The demands of the citizens is for Purchase Power and the NSCNs are for just that. Just as post #180 refers to.. They clearly here though, tell us the 2020 budget has some thing to offer that is significantly different than past budgets. As in the rate from the 2019 Federal Budget Law that was Amended in the Financial Management Law of same year. imo ~ MM
Popeye7: Thank you MM for your insights... I agree that there is lots lining up for something historical to take place in more ways than just one...
KTFA Members "News and Views" Sunday PM 11-24-19
KTFA:
Samson: Pence Office issues a statement on his visit to Iraq
24th November, 2019 The office of US Vice President Mike Pence, on Sunday, issued a statement on the latter's visit to Iraq.
"The US vice president arrived at Assad's airbase where he listened to a summary of the joint task force commander about Operation Torque Solidarity and made a phone call to the Iraqi prime minister," the office said in a statement.
"After that, the Vice President gave a Thanksgiving meal to the American soldiers stationed at Assad Air Base and delivered a speech. Later, the US Vice President continued his tour to Erbil International Airport for a bilateral meeting with the President of the Kurdistan Regional Government, and then delivered the Vice President. A letter to the American soldiers stationed there and gave them a Thanksgiving meal. "
"The US vice president has returned to Washington," the statement added. LINK
KTFA:
Samson: Pence Office issues a statement on his visit to Iraq
24th November, 2019
The office of US Vice President Mike Pence, on Sunday, issued a statement on the latter's visit to Iraq.
"The US vice president arrived at Assad's airbase where he listened to a summary of the joint task force commander about Operation Torque Solidarity and made a phone call to the Iraqi prime minister," the office said in a statement.
"After that, the Vice President gave a Thanksgiving meal to the American soldiers stationed at Assad Air Base and delivered a speech. Later, the US Vice President continued his tour to Erbil International Airport for a bilateral meeting with the President of the Kurdistan Regional Government, and then delivered the Vice President. A letter to the American soldiers stationed there and gave them a Thanksgiving meal. "
"The US vice president has returned to Washington," the statement added. LINK
Samson: Samurai: Pence gave the green light to the Kurds on the sale of oil without involving Baghdad
09:54 - 24/11/2019
The former adviser to President of the Republic Lieutenant General Wafik al-Samarrai, details of the visit of US Vice President Mike Pence to Arbil, indicating that Pence gave the green light to the Kurds to sell oil without involving Baghdad.
Samarrai said in a post on the "Facebook" saw him / information / that "the visit of the US Vice President to Erbil and the base of Assad's eye is not a routine or on the sidelines of an original visit, and not to visit Baghdad is not a detriment to its sovereignty, but according to the contexts and security controls to protect senior officials from the possibility of danger In unstable areas.”
"Pence's visit to Arbil was important for the region, where it is likely and natural that he explained to Barzani the unspoken goals of America's policy and plans in the field of Iran, Turkey, northern Syria and Iraq to commit much of them."
He added that "Pence to give him the green light, albeit whispered or indirectly, not to hand over Baghdad oil sales proceeds as well as discuss the relationship of the presidency and visits and results with the countries of the Southwest Gulf on the regional turmoil."
Samarrai said that "the visit will increase Barzani a practical departure from Baghdad, and do not expect economic and political flexibility in the deliberations of his envoys in Baghdad, and will increase openness with the southwest of the Gulf, and anticipate public or secret (Kurdish) official visits with Turkey and Iran." LINK
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Doodlebug: Talk about a "one, two punch" to Mahdi. This pretty much tells the world that Mahdi is a LameDuck PM, IMO. Well, we at KTFA have known this... but this now shows the World who might not have been paying attention.
Anyway, the Kurdistan's/Barzani Family love having the protection of the United States Military and will do anything to keep us there. Could a small area of Kurdistan become a US Territory in the near future? Hmm... perhaps when they secede. I never thought this was a good idea to split Iraq in half, but now I am thinking otherwise. This might be the best option to protect Iraq/Kurd's from Syria, Turkey and Iran. Another bit I'm chewing on is where the Silk Road will run through, perhaps another reason why Trump wants this area protected by us.
Sorry, I got off track. So Pence gives the "go-ahead" for Barzani to sell oil outside of Baghdad's approval, but to whom will they be selling it to? Perhaps the United States of America? Hmmm and don't we have a very large Military Base there with thousands of troops? Well that costs money, doesn't it? How is Trump going to pay for that? Pence + Kurdistan Oil = Reduced Price Oil Agreement, IMO. Let's just say that the USA buys oil for $45.00 from the Kurd's. Oil is now at $60.00. We don't need the oil but we certainly can turn it around and sell that same barrel of oil and make a $15.00/ppb profit, couldn't we? What are we going to do with the profit from these oil sales? Well, perhaps we can pay for the Military that is in the Kurdistan Region. The Kurd's want us there, they have to pay for it so they pay for it through cheap oil sales. LOL, brilliant.
Again, these are just my thoughts because there is always more to the story. I don't think Pence went to Kurdistan to calm the talks with Baghdad, I think we just secured an endless Agreement to remain in Kurdistan and it won't cost us a dime. Up next? Kurdistan Census with 95% approval to Secede and then hello to a new United States Territory. Sound familiar, Japan? IMO
Cleitus: More evidence the Kurds (Kurdistan) are being treated like a sovereign country. Again, they have their own flag, their own national anthem, their own army, their own soccer team, their own distinct history (Assyrians), great natural resources, a great economy, they are a tolerant people towards their minorities; they are treated by other world governments as an independent and sovereign country. Time will show, IMO, that they will want to be free of the GOI. Why wouldn't they? Like I say, stay tuned!
Secede, yes..., I agree! To be attached, however, to the US by way of territorial rights, no, IMO. Not in their character, nor will; too much pride..., too independent for such a controversial move. I say as a close ally...yes, but that's it.
Doodlebug: I'm not suggesting Kurdistan will be owned by us, I am just suggesting we will never leave. This DMZ in recent talks tells me that we have moved in to stay, the Barzani Family loves that we are there, the citizens of Kurdistan love that we are there... Just like Japan here to stay, terrorists gone forever, IMO.
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Samson: SecondLady and I were so inspired being with our incredible military in Iraq! God bless our troops. Happy Thanksgiving! pic.twitter.com/lEQH5r0BGj — Vice President Mike Pence (@VP) November 23, 2019
Samson: It was an honor to meet with President Barzani in Erbil on behalf of @realDonaldTrump today to reiterate the strong bonds forged in the fires of war between the United States and Kurdish people across this region. pic.twitter.com/ctHNBIdxlD — Vice President Mike Pence (@VP) November 23, 2019
Samson: Regional stability was the focus of my meeting with @VP Pence today. I emphasised the importance of continued military and humanitarian support from the US to the Kurdistan Region and Iraq. Our partnership is vital to the security of this region, now more than ever- mb pic.twitter.com/jFl0IDaGPp— Masrour Barzani (@masrour_barzani) November 23, 2019
Samson: I discussed with Ramzi Neman the @WorldBank representative for #Iraq, progress of reforms undertaken by @IraqiGovt & plans to finalise the 2020 draft budget. pic.twitter.com/EPFhl8wrQf— Fuad Hussein (@Fuad_Hussein1) November 24, 2019
Mr Harfax: The following is strictly in my opinion...
We can now see how things are starting to line up with Iraq’s 2020 budget. To a lesser extent the agreement with the Kurds which will tie into the budget. Remember what we are seeing in Iraq is being mirrored in the US. Imo, A suitable environment is required in both before we RI. If current leadership were to proceed at this time it could be interpreted as an offset to the current narrative, a narrative that needs to change before any of this happens.
Impeachment natter, imo, will and unfortunately needs to continue until it arrives in the senate where leadership can control and expand the questioning. There is much on the table still to be discussed and imo, it is relevant to the RI narrative. The vote to impeach could happen late December.
FISA is another key step in changing the current narrative. One that will move away from the current dirty politics to exposing dirty deeds. This key step is slated for early Dec and could push the impeachment along as a tit for tat political move but regardless of my opinion it will start the new narrative and change the focus to those who took away from the people for their own selfish needs and bring to light the ones who are giving back; giving back to the Middle East and giving back to the dinar holders. Sort of a modern day Robin Hood if you will. We have witnessed the beginning of this in Iraq as Iran comes to light. I believe we will see a similar theme this side of the world as we learn how money was funneled through Ukraine by former leadership for personal gain.
We also have John Durham’s investigation to be shared with the public. Another tool to change the current narrative. I believe this is currently slated for early 2020. The pieces are in place, the narrative change is planned and we need to patiently watch how it unfolds. Timing is of the utmost importance for all involved. It must not fail for the citizens but it also must not fail for current leadership. This is vital to their future success.
Enjoy the ride!
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Samson: Massive demonstrations in the aviation tunnel leading to liberation
2019/11/24 12:31
Witnessed the tunnel yard leading to Tahrir Square, central Baghdad, Sunday, a large demonstration joined the demonstrators and protesters in the square. More pictures at link…. LINK
Samson: Dead and wounded in clashes and "excessive violence" protests in two Iraqi provinces
24th November, 2019
The United Nations High Commissioner for Human Rights (OHCHR) reported violent deaths Sunday amid clashes between security forces and demonstrators in Basra and Dhi Qar provinces.
According to a UNHCR statement, three people were killed in Basra / Umm Qasr province, 87 demonstrators and security forces were injured and 6 protesters were arrested.The UNHCR also documented the fall of 3 martyrs and the injury of 71 demonstrators in front of the olive and al-Naser bridges in the center of Dhi Qaru governorate.The arrest of 5 protesters.
The Commission called on the government to intervene immediately to stop the violence immediately and to take the utmost restraint and apply the criteria of security engagement and preserve the lives of demonstrators and security forces.
She called on the demonstrators to commit to demonstrating in the courtyards and to avoid any clash with security forces that would be an excuse to use force against them and take their lives.
It also called on security forces, local authorities and demonstrators to cooperate in maintaining peaceful demonstrations and restore life to all public and private facilities and the maintenance of ports and oil fields as a national wealth for all the Iraqi people. LINK
MilitiaMan and KTFA Members Saturday Afternoon 11-23-19
KTFA:
Samson: The Prime Minister's Office issues a statement on the visit of the US Vice President
2019/11/23 17:26
Prime Minister Adel Abdul-Mahdi's office issued a statement on Saturday on US Vice President Mike Pence's visit to Baghdad at noon.
"US Vice President Mike Pence paid an agreed visit to Iraq during which he inspected his country's forces at the Iraqi base of Ain al-Asad as part of the international coalition that is supporting Iraqi forces in the fight against IS," Abdul Mahdi's office said in a statement received.
KTFA:
Samson: The Prime Minister's Office issues a statement on the visit of the US Vice President
2019/11/23 17:26
Prime Minister Adel Abdul-Mahdi's office issued a statement on Saturday on US Vice President Mike Pence's visit to Baghdad at noon.
"US Vice President Mike Pence paid an agreed visit to Iraq during which he inspected his country's forces at the Iraqi base of Ain al-Asad as part of the international coalition that is supporting Iraqi forces in the fight against IS," Abdul Mahdi's office said in a statement received.
He added: "It is agreed that he will also visit Erbil," noting that "a telephone call was made on Saturday at about 12:30 pm between Prime Minister Adel Abdul Mahdi and the US Vice President on enhancing relations between the two countries and prospects for joint cooperation, Discuss developments in Iraq and the government's efforts and reform measures in response to the demands of the demonstrators. "The vice president also conveyed the greetings of US President Trump and continued cooperation to develop the distinguished relations between the two countries."
He continued, "The Prime Minister blessed the Vice President and his family with thanks, and asked to convey his greetings to the US President and the forces that contribute to the training of Iraqi forces. Within the framework of the strategic agreements between them." LINK
Samson: Pence arrives in Erbil and Barzani receives him
23rd November, 2019
US Vice President Mike Pence arrived in the Iraqi capital of Erbil on Saturday evening from Baghdad.
The President of the Kurdistan Region, Nechirvan Barzani, and his deputies, and the President of the Kurdistan Regional Government Masrour Barzani and his deputy Fobad Talabani in Iqbal Pence at the International Airport of Erbil. Officials in the province met Pence immediately after his arrival.
US Vice President Mike Pence visited US troops in Iraq ahead of the Thanksgiving holiday.
Pence also called Iraqi Prime Minister Adel Abdul Mahdi.
Pence visited Assad's air base in western Iraq, where US troops are based. Americans celebrate Thanksgiving on Thursday. LINK
Cleitus: No other province, outside the Baghdad region, is treated independently except Kurdistan! Sounds like these boys are handling their own affairs..., like being their own country [within a country]! See what's happening for the future... IMO, of course
MilitiaMan: V.P. Mike Pence arrives with the Second Lady to Iraq, both in Baghdad and the Kurdish Region today. To visit troops and other things not disclosed.. A surprise visit. Imagine that. Kill two birds at once under the eye of Turkey. lol
I suspect bringing the Second Lady to both places is a sign of Security & Stability and a sign that we support the effort of the country to get the reforms done for the citizens at large.
I doubt there were no final agreements mentioned above. Far to important timing for their arrival, and while a delegation from the Kurds were in Bagdad, as well. Keep in mind the corruption issues, where did you get this? Yep, timing... imo.. Who is your Daddy.
What other developments are you talking about? Possibly the new ERs / MRs to rear their pretty colors? We shall see, right CBI? ~ lol ~ MM
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Samson: The end of the Kurdistan delegation's meeting with the federal government without agreement
The source told Shafaq News that "the Kurdistan delegation, after meeting for about two hours with Iraqi Prime Minister Adel Abdul Mahdi and a technical delegation, will return to Kurdistan," noting that "the meeting did not witness an agreement between the two sides."
The source added that "the meeting witnessed the discussion of several things, including the dues of the Kurdistan region and the delivery of oil imports to SOMO and other files," pointing out that "the Kurdistan delegation presented its demands to the federal government." He noted that the two sides are scheduled to agree on several things by the middle of this week. LINK
Godlover: So the article states the two sides are scheduled to agree on several things by the middle of this week...…..we will see, imo. I am hoping the oil & gas law will be one of the agreements. Hopefully this can be resolved soon enough so they can get the 2020 budget voted on without many more delays imo.
Don961: A deputy intends to investigate the auction of the currency and confirms the possession of the names of those involved
"2019 - 11 - 20"
A member of the Parliamentary Integrity Committee high Nassif, on Thursday, the committee's move to open an investigation auction currency, indicating that there are a lot of personalities involved in this area will be referred to the judicial authorities.
Nassif said in a press statement, "The Parliamentary Integrity Committee, especially after the completion of a law from where you get this, it is headed towards opening the currency auction in the Central Bank."
She added that "the Chairman of the Committee will form a team of members of the House of Representatives in order to open an investigation auction currency, in addition to the Office of Financial Supervision expressed cooperation with the Commission on Integrity and confirmed that there are files ready on the auction of currency."
She pointed out that “next Saturday will be the formation of the said team to investigate the auction of the currency, and referring the perpetrators to the judiciary, where there are indications of some people who did not have property before 2003, while they find owners of banks and large property, and therefore the law from where you will apply this on them".
She stressed that "the Commission on Parliamentary Integrity owns the names of banks and personalities involved in corruption of currency auction, where there are many of them used the period after 2014 to increase its funds." LINK
MilitiaMan: This is slated for today... Interesting timing again.. Frank mentioned there are many corrupt on a list in regard to auctions. Last nights UT is packed with data imo.. All about timing.
Add in the timing of the NSCNs being in the process of lifting the three zero notes right now for a rate change. ("CBI is now in the process of lifting 3 zero notes for a rate change, because of the three zero notes." ~ Frank26 UT 11/22/2019)
Those are two powerful things that the Citizens demand. Purchase Power is a biggy, imo.
The post 19 (see below) speaks of creating the environment to do just that with the exchange of NSCNs for the larger ones.. imo.. ~ Fascinating time we are in.. Keep talking CBI.. lol ~ MM
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Don961: (Post 19) Prof.Dr. Mahmoud Mohammed Dagher: * It is the exchange rate, gentlemen
21/11/2019
While the exchange rate tends to indicate the number of units of one currency versus one unit of another currency, its changes, and this is important, reflect the monetary equation for deducting part of the purchasing power (when reducing), and enhancing the purchasing power of the monetary unit (on the rise), The problem associated with deduction or enhancement is that it enters the purchasing power without taking into account the income segment, ie, it is an additional tax at (decline) and additional income at (rise) without correlation with the level of income.
Therefore, the choice of the Exchange Regime system is central to following the results of exchange rate fluctuations (currency value) as well as determining the channel of transmission of its effect to the real macroeconomic joints.
The significant effect of currency fluctuation or change has been reflected in the exchange system option between a multi-spectrum floating system and a multi-spectrum fixed exchange system (Peg). It is rare for monetary authorities to clearly state the nature of their exchange system (de jure), but the actual transactions (de facto) are determined by specialists on the basis of the exchange system and its specific spectrum.
To continue reading click on the following link
Mahmoud Mohamed Dagher - it's the exchange rate, gentlemen, editor LINK
KTFA Members "News and Views" Saturday 11-23-19
.KTFA:
BillA: Currency Auctions?
That is the old term.......They are now called Cash Sales. IMO Nothing more than Currency Exchanges.
Please keep in mind that Iraq still does not have a currency that is internationally accepted so if anyone in Iraq travels anywhere, they would have to have a currency that is internationally tradable. Thus since Iraq has been using the USD for trade in Iraq, it just makes sense that they would exchange Dinar for USD when traveling. This also includes the Kurdistan region.
As Frank (and articles) have been telling us, the currency sales have been transformed to keep Iran from getting USD. Blessings,
KTFA:
BillA: Currency Auctions?
That is the old term.......They are now called Cash Sales. IMO Nothing more than Currency Exchanges.
Please keep in mind that Iraq still does not have a currency that is internationally accepted so if anyone in Iraq travels anywhere, they would have to have a currency that is internationally tradable. Thus since Iraq has been using the USD for trade in Iraq, it just makes sense that they would exchange Dinar for USD when traveling. This also includes the Kurdistan region.
As Frank (and articles) have been telling us, the currency sales have been transformed to keep Iran from getting USD. Blessings,
Don961: Prof.Dr. Mahmoud Mohammed Dagher: * It is the exchange rate, gentlemen
21/11/2019
While the exchange rate tends to indicate the number of units of one currency versus one unit of another currency, its changes, and this is important, reflect the monetary equation for deducting part of the purchasing power (when reducing), and enhancing the purchasing power of the monetary unit (on the rise),
The problem associated with deduction or enhancement is that it enters the purchasing power without taking into account the income segment, ie, it is an additional tax at (decline) and additional income at (rise) without correlation with the level of income.
Therefore, the choice of the Exchange Regime system is central to following the results of exchange rate fluctuations (currency value) as well as determining the channel of transmission of its effect to the real macroeconomic joints.
The significant effect of currency fluctuation or change has been reflected in the exchange system option between a multi-spectrum floating system and a multi-spectrum fixed exchange system (Peg). It is rare for monetary authorities to clearly state the nature of their exchange system (de jure), but the actual transactions (de facto) are determined by specialists on the basis of the exchange system and its specific spectrum.
We conclude that the financial crisis represented by the low exchange rate leading to the erosion of power
Any devaluation would change the purchasing power of income downward without taking into account the modest income brackets. Find out that the financial crisis of the low exchange rate leading to the erosion of purchasing power in Lebanon and Iran differs from that in Iraq and if they are synchronized between them. (Forced in Lebanon) represents the worst monetary policy options.
To continue reading click on the following link
Mahmoud Mohamed Dagher - it's the exchange rate, gentlemen, editor LINK
Don961: IMO ... IN OTHER WORDS ACCORDING TO THE LAST STATEMENTS OF THE ASTUTE PROFESSOR... KEEPING THE EXCHANGE RATE ARTIFICIALLY LOW ONLY HURTS THE PURCHASING POWER OF LOWER INCOME CITIZENS IN ADDITIONAL HIDDEN WAYS .. SOOOO .. IN LIGHT OF WHAT THE PROTESTORS ARE DEMANDING FOR DECENT JOBS , DECENT INCOMES AND DECENT LIVES ... THE ALTERNATIVE WOULD LOGICALLY BE TO STRENGTHEN THAT RATE ... INCREASE THAT PURCHASING POWER
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Don961: Sistani calls for "new elections"
by vBulletin® by Ali EjamIraq News11 Hours ago
BAGHDAD - AP, Reuters and AFP
BAGHDAD (Reuters) - Iraqi security forces fired live ammunition and tear gas at demonstrators in central Baghdad on Friday, killing three people, the Shi'ite authority Ali al-Sistani reiterated the need for a new election law.
Renewed clashes on Friday afternoon in Baghdad's Khalani Square, riot police fired shots and gas at hundreds of protesters who removed concrete barriers and poured into the square.
Iraqi health and security officials said three protesters were killed and at least 25 wounded, bringing the death toll to four in the past 24 hours.
Sistani calls for a new electoral law
In the meantime, Sistani stressed in his Friday sermon his support for the demonstrators, saying that none of their demands have been met so far and that electoral reforms should be a priority.
He called for a new election law that would restore public confidence in the system and give voters the opportunity to replace current political leaders with "new faces."
He added: "A new law must be adopted for a new electoral commission that is neutral and credible without external interference because of the risks of turning the country into a arena for settling accounts, the biggest loser is the people."
"If they have the authority to think that they can evade the real merits of procrastination and procrastination, they are delusional," he said.
He added that "citizens did not go out to the demonstrations calling for reform in this unprecedented form and did not continue on it with all the price and sacrifices demanded only because they found no other way out of corruption and destruction."
Sistani has announced his support for a road map proposed by the United Nations Mission in Iraq to meet the demands of the demonstrators, but expressed concern about the lack of seriousness of political parties on the implementation of the proposed reforms.
At least 320 people have been killed and thousands injured since protests began on Oct. 1 against corruption, job shortages and poor basic services despite the country's oil wealth. LINK
Fuze: This is what I've been talking about for over a week now. The UN plan is the KEY that unlocks the bank vault guys, for many reasons... But one is supreme ALL parties especially the Demonstrators trust the UN. Be convincing the crooks in the GOI, that the UN plan is not only the best solution it's there only solution... Not the reforms they are passing off now as progress... They mean little!
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Don961: A deputy intends to investigate the auction of the currency and confirms the possession of the names of those involved
2019 - 11 - 20
A member of the Parliamentary Integrity Committee high Nassif, on Thursday, the committee's move to open an investigation auction currency, indicating that there are a lot of personalities involved in this area will be referred to the judicial authorities.
Nassif said in a press statement, "The Parliamentary Integrity Committee, especially after the completion of a law from where you get this, it is headed towards opening the currency auction in the Central Bank."
She added that "the Chairman of the Committee will form a team of members of the House of Representatives in order to open an investigation auction currency, in addition to the Office of Financial Supervision expressed cooperation with the Commission on Integrity and confirmed that there are files ready on the auction of currency."
She pointed out that “next Saturday will be the formation of the said team to investigate the auction of the currency, and referring the perpetrators to the judiciary, where there are indications of some people who did not have property before 2003, while they find owners of banks and large property, and therefore the law from where you will apply this on them".
She stressed that "the Commission on Parliamentary Integrity owns the names of banks and personalities involved in corruption of currency auction, where there are many of them used the period after 2014 to increase its funds." LINK
Don961: Deputy: No immunity to officials before the law Where did you get this?
Friday 22 November 2019
Baghdad / morning
Al-Delphi, a member of Al-Nasr coalition, said on Friday that the law "from where you will this" will include everyone, whether those in power or those who have become outside, pointing out that officials will not have immunity before this law and will be held accountable by the judiciary and integrity of what they have.
Delphi said in a press statement: «Law from where you will fight a lot of cases of corruption that have continued since 2003 and to this day, and is a bullet of mercy in the body of many politicians, ministers and general managers», stressing that «Parliament is determined to legislate all laws that Eliminate corruption and corrupt, to recover the money they stole and returned to the state ».
Delphi added that «law from where you get this, will not keep any immunity for officials, and will include large and small in the state, and will make Iraq on the right track to maintain public money and give the judiciary more space to issue judgments against spoilers», noting that «the judiciary and integrity are responsible for the implementation This law, where the files will not be forwarded by Parliament, as files will be limited (where you get this) to the mentioned bodies to include everyone without Exception". LIN
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Samson: A huge fire with the Iranian "treasure of money" near the Iraqi border
23rd November, 2019
The mayor of the city of Khorramshahr in the province of Khuzestan in southwestern Iran has put out a huge fire in a commercial complex in the city.
Aziz Saadi told Fars news agency that the large fire that broke out in the "treasure of money" commercial complex in the city's free economic zone was put out.
He pointed to the use of fire brigades in the incident from neighboring cities Abadan, Mahshahr, Shadakan and Bandar Imam, in addition to Khorramshahr. "Fortunately, this fire caused no casualties," the mayor of Khorramshahr said.
For his part, an official of the emergency center of the Faculty of Medical Sciences in Abadan said eight people were injured by the fire of the commercial complex in Khorramshahr and they were receiving treatment in hospitals.
The fire broke out in the huge commercial complex of 250 shops on Friday evening and was extinguished six hours later.
Reports said the blaze in the warehouses damaged 30 percent of the mall and caused heavy material losses. LINK