Delta and KTFA Members Saturday Night 2-22-2020

KTFA:

DELTA:  Customs issues the first amendment to declare the money when it is entered and removed across the Iraqi border

22nd February, 2020

The General Authority of Customs issued, on Saturday, the first amendment of the controls for declaring funds as they are entered and removed across the Iraqi borders.

In a statement, Mawazine News received a copy of it, the commission stated that it “issued the first amendment to the controls for declaring the money when it was entered and removed across the Iraqi borders No. (1) for the year 2017 issued by the Money Laundering and Terrorist Financing Office, which includes the following:

1- Add the following to Paragraph (5) of the controls, and item (c) has: -

C - The customs authorities have the power to search people and inspect their luggage to verify the authenticity of the information declared upon investigation or suspicion of obtaining a false statement or a case of refraining from the declaration or in case of suspicion that the funds being transferred It is illegal money The following is added to the controls and paragraph (8) for it:

(8) The amounts permitted to be entered or removed from and to the territory of the Republic of Iraq include the following: -

A - Amounts below (10,000) (ten thousand US dollars) or its equivalent in other currencies without declaring them.

B - Amounts exceeding (10,000) (ten thousand US dollars) to (20000) (twenty thousand US dollars) provided that they are declared with the necessity of showing them in support of the purpose of entering or removing these sums and in the event that the supporting documents are not available, the traveler makes a pledge By bringing those documents after (20) days from the date of the permit.

A- It is forbidden to enter or remove amounts in excess of (20,000) (twenty thousand US dollars) or its equivalent in other currencies, and the process of entering or removing these amounts through financial institutions is exclusively.

D- It is forbidden to enter or remove amounts in excess of (..., ... 1) (one million Iraqi dinars) even if it is declared and the amount is seized and legal measures are taken against it.

The Customs Authority pointed out, (wink) "The amendment entered into force on 19/2/2020 at border crossings."   LINK

DELTA:  Al Hareth Al For Money Transfer

You can issue the electronic payment card MasterKCard through al-Harith Arabia For Financial Transfer Company of Rafidain Bank and at a price of only 25,000 dinars issued the card in dinar currency and the validity of the card is 3 years.

Card features: -
- Contains a pin number
- Works on ATMs /ATM (mastercard marked)
- Works on pos/POS (MasterCard-branded) purchase device
- You can buy
- Book airline tickets
- Hotel reservations
- Buy software
- Buy electronic games
- Restaurant reservations
- Works on Amazon WEBSITE
- Refillable through Al-Harith Arabia Financial Transfer Company
- The ability to know your card balance via the Key Services app on the Apple Store and Google Play

Abrams41:  Isn’t 25K dinars high, since supposedly about to RI?  Questioning IMO.

Don961:  PRESENTLY ... 25,000 IQD to USD = 21.0042 US Dollars

"at a price of only 25,000 dinars issued the card in dinar currency and the validity of the card is 3 years."

TIL RI OFFICIALLY ANNOUNCED ... APPROX. 21 US BUCKS EQUIVALENT BUYS ONE OF THESE CARDS 

LOGICALLY , WHEN RI HAPPENS THIS PRESENT 25K PRICE WILL RE-ADJUST ACCORDINGLY ... IMO

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DELTA:  Sources reveal to (Iraq Today) the full names of the Allawi government, and the names of the authorities that nominated them

Policy  ,   02/23/2020:53   , Number of readings: 2373 

Baghdad - Iraq today:

Informed sources revealed to (Today Iraq) the names of the members of the government of Muhammad Tawfiq Allawi, expected to be announced on Monday, in an emergency session devoted to this purpose, and it is hoped that confidence will be obtained to replace the resigned government of Adel Abdul Mahdi.

The sources stated that "Allawi named the well-known judge Rizgar Muhammad Amin, who took over the trial of the head of the former Baathist regime Saddam Hussein, he named him Minister of Justice as a candidate through the President of the Republic Barham Salih, while Saleh al-Tamimi, an employee of the Ministry of Foreign Affairs, named his minister with the support of the Saaroun Parliamentary Bloc

And Majid Mahdi Hantoush was named as the Minister of Electricity with the support of the same bloc, while Muzahim Al-Khayat was named Minister of Higher Education and Scientific Research supported by Osama Najafi, while the Prime Minister’s Adviser for Economic Affairs

Mazhar Muhammad Salih, was named Minister of Planning with the support of former Prime Minister Haider al-Abadi, while it was named Must be rich Asadi interior minister with the support of coalition building, and was renamed Faisal Fener Jarba defense minister with the support of the national list, and was named the former international player Ahmed Radi, the Ministry of Youth and Sports as a candidate for the Alliance of Iraqi forces. "

And between "Hussein Chalabi was named as Minister of Oil with the support and support of the Parliamentary Alliance also, and Shawan Taha was named Minister of Finance with the support of the Kurdistan Democratic Party led by Masoud Barzani.

Likewise, the Ministry of Trade was assigned to Adel Karim for the same party in the next government, while the memory of Sarsam was called Minister of Culture, as well as Dr. Wissan Abboud Gayed, Minister of Health. "

http://iraqtoday.com/news/  

Don961:  Confirmations that the extraordinary parliament session will be held tomorrow Monday

Saturday 22nd February 2020

Baghdad / Al-Sabah 

 The data confirm that the special session will be held on the date that Prime Minister-designate Muhammad Tawfiq Allawi called for, especially after the leader of the Sadrist movement, Muqtada al-Sadr, called for a popular million-dollar demonstration, if the session does not take place during this week, and the first deputy speaker of parliament, Hassan Al-Kaabi, confirmed that After the Prime Minister requested and signed more than 70 deputies, no one can refrain from setting a date for it.

In a tweet on Twitter, Al-Sadr said: “If the session does not take place during this week, or if it was held and no fair Iraqi cabin was voted on, or if the cabin is not with the aspirations of the authority and the people, then this calls for going out to a million-popular demonstration without regional addresses and then turning it into sit-ins. On the Green Zone to press for the rescue of Iraq from the corrupt, sectarian and ethnic. "

While the first deputy speaker of Parliament, Hassan Al-Kaabi, confirmed: "The constitution obligated the presidency of the parliament to fix the date for the extraordinary session," adding that "after the prime minister asked and more than 70 representatives signed, no one could refrain from setting a date for the special session."

While the Secretary-General of the "Arab Option" party Abdel Karim Abtan saw that "the Sunni political forces do not have at present any unified position on voting for the Allawi government and their differences will continue," the leader of the Kurdistan Democratic Party said that the Kurds will not attend the parliament session to vote on the formation Government "being unacceptable."LINK

Frank, Delta and KTFA Members Saturday 2-22-2020

KTFA:

DELTA:  Al Hareth Al For Money Transfer

 You can issue the electronic payment card MasterKCard through al-Harith Arabia For Financial Transfer Company of Rafidain Bank and at a price of only 25,000 dinars issued the card in dinar currency and the validity of the card is 3 years.

Card features: -
- Contains a pin number
- Works on ATMs /ATM (mastercard marked)
- Works on pos/POS (MasterCard-branded) purchase device
- You can buy
- Book airline tickets
- Hotel reservations
- Buy software
- Buy electronic games
- Restaurant reservations
- Works on Amazon WEBSITE
- Refillable through Al-Harith Arabia Financial Transfer Company
- The ability to know your card balance via the Key Services app on the Apple Store and Google Play

Samson:  Customs issues the first amendment to declare the money when it is entered and removed across the Iraqi border

22nd February, 2020
The General Authority of Customs issued, on Saturday, the first amendment of the controls for declaring funds as they are entered and removed across the Iraqi borders.

In a statement, Mawazine News received a copy of it, the commission stated that it “issued the first amendment to the controls for declaring the money when it was entered and removed across the Iraqi borders No. (1) for the year 2017 issued by the Money Laundering and Terrorist Financing Office, which includes the following:

1- Add the following to Paragraph (5) of the controls, and item (c) has: -

C - The customs authorities have the power to search people and inspect their luggage to verify the authenticity of the information declared upon investigation or suspicion of obtaining a false statement or a case of refraining from the declaration or in case of suspicion that the funds being transferred It is illegal money The following is added to the controls and paragraph (8) for it:

(8) The amounts permitted to be entered or removed from and to the territory of the Republic of Iraq include the following: -

A - Amounts below (10,000) (ten thousand US dollars) or its equivalent in other currencies without declaring them.

B - Amounts exceeding (10,000) (ten thousand US dollars) to (20000) (twenty thousand US dollars) provided that they are declared with the necessity of showing them in support of the purpose of entering or removing these sums and in the event that the supporting documents are not available, the traveler makes a pledge By bringing those documents after (20) days from the date of the permit.

A- It is forbidden to enter or remove amounts in excess of (20,000) (twenty thousand US dollars) or its equivalent in other currencies, and the process of entering or removing these amounts through financial institutions is exclusively.

D- It is forbidden to enter or remove amounts in excess of (..., ... 1) (one million Iraqi dinars) even if it is declared and the amount is seized and legal measures are taken against it.

The Customs Authority pointed out, "The amendment entered into force on 19/2/2020 at border crossings."   LINK

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Samson:  Tehran: The “FATF” decision does not affect foreign trade and the exchange rate

10:39 - 02/22/2020

The Governor of the Central Bank of Iran, Abdel Nasser Hamti, announced on Saturday that the decision of the International Financial Action Working Group (FATF) to re-include Iran in the so-called black list will not affect the foreign trade and exchange rate in the country.

"Fares" quoted Hamati as saying, "The hostility of America and the Israeli occupation entity has again appeared against the Iranian people by opposing the experts of the International Financial Action Group regarding the steps taken by Iran towards combating terrorist financing and money laundering, while all the group's data shows that Tehran has taken steps Important in this regard.”

He added that "this political and unprofessional behavior began since the summer of 2016, sometimes through non-professional excuses by representatives of America and its allies in the" FATF "group, and at other times through attempts to interfere with the experts' reports."

He pointed out that "Iran, as is well known to the people, was able, despite the period of unjust embargoes and extreme pressure policies against the monetary and financial system, to find monetary and financial ties with the world that are not banable, outside the framework of the International Financial Workers' Group (FATF). American".

He stressed that "the Central Bank, in cooperation with all economic sectors, will continue its path in meeting the country's commercial needs without tiring."   LINK

Samson:  The Russian government announces a new record of its precious metal safes

15:41 - 02/22/2020

The Russian Central Bank announced that the Russian government continues to fill its coffers with precious metal, despite the high price of gold in global markets.

According to data issued by the Russian Central, the state’s total gold reserves on February 1, amounted to about 73.2 million ounces (about 2277 tons), and is worth about $ 116 billion, as the Russian government added 7 tons of precious metal to its reserves during Last January.

The increase in gold stocks comes in light of the rise in the prices of the precious metal to the highest level in 7 years, due to the appetite of traders to invest in traditional safe havens, amid the spread of the Corona virus.

The bank added that the dollar’s ​​share of Russian reserves decreased from 43.7% to 23.6% during 2018-2019, in order to increase the share of gold and other currencies, in a sign of the government’s endeavor to reshape its international reserves.    LINK

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Friday Night:

Frank26:  2-21-20 IRAQ NOW OPEN FOR BUSINESS

This video is in Frank’s Opinion

https://www.youtube.com/watch?v=IFNzb0WcsYo

Delta and KTFA Members Friday PM 2-21-2020

KTFA:

Samson:   Iraq prevents entry of Iranian travelers for three days from all its outlets  LINK

JJimmyJJ:  Now,  they could be banning Iranians from traveling to Iraq over the weekend because of the flu in CHINA.   OR, maybe something else is happening this weekend that Iraq doesn't want Iran to interfere with?    Hmm...

DELTA:  Registration is now open for Tenth Iraq Day at the Mansion House on 30 March 2020

IBBC Spring Conference 2020

(wink) ‘Iraq – Open for Business’ 

30 March, The Mansion House, London

https://www.iraq-businessnews.com/2020/02/20/registration-now-open-for-ibbc-spring-conference/

Don961:  Ways to encourage citizens to deposit their money in banks

Friday, February 21, 2020

Baghdad / Al-Sabah

Experts and specialists in the Iraqi financial and banking affairs see the need to encourage citizens to deposit their money in Iraqi banks to contribute to promoting economic development in the country, stressing the importance of taking administrative measures to ensure the rights of depositors and tightening control over the work of local banks.

The banking expert, Abdulaziz Hassoun, said in a statement to "Al-Sabah": The banking system in Iraq is operating under a turbulent environment and then was not able to carry out its natural tasks, indicating that the financial issue is usually related to security, social and economic conditions, and these are all troubled in Iraq, as well On the absence of governmental economic approaches.

He added, that spending to spend financial returns on import only is a great reason for the delay and deterioration of banking work, pointing out that most banks are currently carrying out tasks and businesses that are not affected by banking work.

He explained, that banks usually do not work in banking and do not deal in foreign currencies by buying and selling currencies, indicating that the nature of the work of banks attracts deposits and invests them in a safe manner and achieves returns and growth and this is not available in the Iraqi banking environment, because all banks are busy dealing in foreign currency, i.e. buying and selling hard currencies. .

He stressed the need for the central bank to take measures that secure the citizen’s rights and tighten control over the banks ’work, and that the bank not be a spectator in front of the lawlessness of some banks that do not give citizens their rights.

He pointed out that the development of the banking system needs administrative procedures and tightening the control of the central bank because it is the primary responsible for the work of banks and it is those who granted them investment licenses, and it does not need legal legislation because laws exist.

He continued: There should be programs that encourage citizens to deposit their money in banks to contribute to achieving economic development in the country.

In turn, the financial expert Mohsen Abdul Jalil stressed that the failure of the Iraqi banking system is a major reason for the reluctance of foreign companies to invest in Iraq.

Abdul Jalil said in a statement to "Al-Sabah": that there must be development programs for the Iraqi banking system to keep pace with developments in international banks to be an attractive factor for foreign companies to Iraq.

He added, encouraging citizens to deposit their money in banks instead of accumulating them in homes and investing them in development projects that generate significant profits for the bank, for the citizens and for the country in general, calling for the restoration of citizen confidence in Iraqi banks by launching incentive programs to motivate him to deposit his money.   LINK

Samson:  Russia and China are cutting their investments in US Treasury bonds

21st February, 2020
Russia and China have reduced their investments in US Treasury bonds and bills, in addition to reducing dependence on the dollar, and this comes in response to Washington's hostile policy toward Moscow and Beijing.

The US Treasury said, in its monthly report on capital flows, that Russia's investment in US debt is currently estimated at $9.974 billion, noting that Moscow reduced its holdings of these bonds last December by $ 1.517 billion.

Moscow had previously invested more than $ 100 billion of its reserves in US government bonds, but after Washington imposed economic sanctions on Russia in 2018, the Russian government changed its strategy, and began gradually reducing investments in US bonds since that time.

It is worth noting that China, which was the holder of the title of the largest owner of US debt, has now ceded its position to Japan, where the Chinese government has followed a similar approach to Russia, and reduced the volume of its investments in US treasury bonds last December by about 20 billion dollars, to reach its balance of 1.07 trillion dollars.   LINK

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Samson:  World government debt will reach a record high in 2020

21st February, 2020
Standard & Poor's reported that the size of government debt worldwide will jump to a record $ 53 trillion by the end of the year, with a trend to borrow $ 8.1 trillion this year alone.

About 70% of total borrowing to refinance long-term debt will be due, but the expected new borrowing amount of $ 2.3 trillion will still be at least 2.6% of global GDP.

"Growth indicates an increase in borrowing needs of the largest countries," Standard & Poor's said. "The US borrowing three trillion dollars and Japan $ 1.75 trillion would keep the two countries the largest global borrowers."

After the United States and Japan, China is expected to issue debt instruments at about 636 billion dollars, followed by Italy, Brazil and France, as each country is expected to borrow 250 billion dollars in 2020.

The top 20 emerging economies are also expected to issue consolidated debt instruments of $ 1.62 trillion this year, up 4% compared to 2019 to record a historic high.  LINK

KTFA Members "News and Views" Thursday PM 2-20-2020

KTFA:

DELTA:   VERY HUGE ARTICLE ...THEY ARE READY TO DO BUSINESS NOW....

Samson:  Rafidain Bank announces the opening of documentary credits to ministries, traders and private sector companies

02/20/2020 10:14:35

 Al-Rafidain Bank announced the opening of documentary credits to state ministries, merchants and private sector companies with soft commissions.

The bank’s media office said in a statement that the Al Furat News Agency received a copy of it.

He pointed out that "opening the documentary credit for the merchants who carry out the operations of importing and exporting their goods and shipping and taking them out in case they conform to the legal conditions is easy with the bank because the Rafidain Bank is a government agency and therefore the completion of the documentary opening letter of credit is according to quick procedures that differ from other banks."    LINK

Don961:  Al-Khalidi: Next Monday is the date for the parliament session, and the government will pass with a comfortable majority, with 220 MPs intending to vote on it.

Wed 19, Feb 2020 20:46 | Political

Baghdad / Nina / Muhammad al-Khalidi, head of the Bayraq al-Khair bloc, next Monday sets a date for a parliamentary session and said the government will pass by a comfortable majority, with 220 deputies bent on voting for it. / End 3      LINK

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Samson:  Registration Now Open for IBBC Spring Conference

19th February, 2020
Tenth Iraq Day at The Mansion House

IBBC Spring Conference 2020

‘Iraq – Open for Business’ 

30 March, The Mansion House, London

This could be the year Iraq gets serious about reform and investment.

For too long, Iraqi Governments have tinkered with reform, but with the protests, a growing population and a new government forming, there is a head of steam demanding change and jobs for young people.

At this time in response, The IBBC Spring Conference, at the Mansion house, is convening the heavyweight players and institutions of Finance, Energy and Governance to articulate what is required for change. All the more important as a high turnout of Iraqi Minsters and Deputies, and UK officials and politicians are expected to attend and contribute to the debate throughout the morning sessions.

During the afternoon, an interactive series of roundtables addressing University, Tech in Iraq, Women’s Group and a special Kurdistan Investment Forum are convening ahead of a reception at Eversheds Sutherland headquarters. For Iraqi businesses an additional day of hosting by the DIT, BEIS and British Chambers of commerce to engage and showcase British services and products for export.

For companies operating in Iraq or considering the opportunities it offers, then this conference is bringing together many of the key decision makers and drivers of finance and the opportunity to talk directly with the key players including:

BP, Shell, World Bank, Kurdistan Investment Authority, Arab bankers association, Ambassador of Iraq, UK Ambassador, Chevron, JP Morgan, National Bank of Iraq, PwC, Jordan Bank, EY, GSMA, and more confirming soon.  LINK

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Samson:  A death penalty is passed that confiscates a sum of money deposited from the Diyala Provincial Council at the United Bank for Investment

20th February, 2020

The Baquba Investigation Court affiliated to the Presidency of the Diyala Federal Court of Appeal issued a judicial ruling to withhold a financial sum of (six billion and forty three million four hundred and fifty seven thousand five hundred and fourteen) Iraqi dinars deposited by the Diyala Provincial Council at the United Bank for Investment.

The media center of the Supreme Judicial Council stated in a statement, "Al-Akhbaria" received a copy of it, that "the seized funds were previously collected by the provincial council through the local revenue law issued by it in 2017, because depositing them in private banks is a violation of the general secretariat instructions of the Council of Ministers".

He added that "the court indicated that the seized amount is from the state’s funds and in order to preserve the non-waste of public money and to dissolve the Diyala Provincial Council and to violate the decision to deposit with government banks and present them to the public treasury decided to seize those funds and place a reserve reservation on them and keep them in the United Bank for investment with all the benefits obtained On its deposit, indicating that the status of the precautionary reservation came in accordance with the provisions of Article (184 / A / Fundamentalism).  LINK

Samson:  The US Treasury Department imposes new sanctions on Iran

20th February, 2020

On Thursday, America announced new sanctions against Iranian figures, including Ahmed Jannati, head of Iran's Guardian Council.

Among the Iranian figures that were included in the sanctions were Muhammad Yazdi, a member of the Iranian Leadership Experts Council, Abbas Ali Kadkhadai, Siamak Rahbik, and Hassan Sadagadi Moghaddam.

A note posted on the website of the US Treasury mentioned the names of the Iranian figures.

The US memo stated that punished Iranian officials forbid free and fair elections.  LINK 

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Samson:  Video .. A citizen addresses the Minister of the Interior and demands that the border with Iran be closed due to the danger of "Corona"

20th February, 2020

The citizens sent a message to Interior Minister Yassin Al-Yasiri, to close the borders with Iran and prevent travel and reception due to the injury of a number of Iranian citizens to this disease, while activists launched the hashtag #Close_Border_With Iran.    LINK     VIDEO LINK

MoeApollo:  Been reading about this on Twitter. They are REALLY concerned about this. My take is that any oppressive regime can claim a killer virus if they want to obfuscate a type of human purge. Especially since no world agency can come in to inspect the veracity of their claims. Do I see Iran weaponizing the virus or simply using the event?  100% I absolutely do. IMO     May God deal with this accordingly...

PMac:  When the Cabal goes down The IQD goes up  IMO

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Samson:  To prevent Corona ... the Maysan government completely closed the gray border crossing with Iran

20th February, 2020

The local government of Maysan announced, today, Thursday, that the border crossing with gray Iran is completely closed to Iran to prevent corona virus.

A brief statement by the government, which had received a copy of "Al-Akhbariya," said that "it was decided to completely close the Al-Shayeb border crossing with Iran."

He added, "The decision to close came as a precautionary measure after the emergence of infections with the Corona virus in the Islamic Republic of Iran," noting that "until now, the period of closure has not been determined."

Al-Ikhbaria obtained a document issued by the office of the Governor of Wasit, Adel Hamza Gharib, titled to the Prime Minister's Office, to close the Zurbatiya outlet to prevent the spread of Corona in Iraq.   LINK

Don961: "Corona" isolates China from the Group of Twenty

- 6 Hours Ago

Officials said that the Central Bank of China and the Ministry of Finance will not send any official to attend the meeting of finance ministers and central bankers in the G20 countries in the Saudi capital, Riyadh, due to the outbreak of the new Corona virus.

But a Finance Ministry official confirmed, according to Reuters, on Wednesday, that Chinese representatives to the World Bank in Washington will attend the meeting scheduled for February 22 and 23.

The Curna virus, which killed more than two thousand people in China, caused most confusion, especially in light of the strict measures taken by the authorities to limit the spread of the epidemic, by disrupting the movement of travel and production since the beginning of the last week of January last, until the ninth of February. February, before easing the restrictions imposed after that date.

Official reports show the return of the various productive and service sectors to work gradually, in a move to extract the second largest economy in the world from the corpse of Corona, which paralyzed the joints of life in a few days.

In an important step for the resumption of exports, the Customs Administration of Xinjiang, where the Muslim Uighur community resides, announced the launch of a Sino-European freight train to Poland on Tuesday afternoon.

Since the new Coruna virus outbreak in the middle of last month, most freight trains carrying imports between China and Europe have been suspended or postponed.

According to Xinhua, Wednesday, a Chinese-European freight train, carrying 850 tons of raw cotton, entered China on northwest China's Xinjiang corridor.

Since the beginning of the year, the region has witnessed more than 730 freight trains between China and Europe, export commodities mainly include mechanical and electrical products, clothing and electronic products, while imports mainly include cotton and building materials.

Meanwhile, the State Energy Department said that China had resumed 70.2 percent of its coal production capacity, noting that as of last Monday, 1,274 mines had resumed production throughout the country, with production exceeding 7 million tons for the first time since February 1. According to the administration’s data.

The coal stocks in the country's power plants were sufficient for 26 days of consumption until Monday, while the government pledged to take measures to ensure the provision of coal, electricity and natural gas, with the aim of ensuring stable energy supplies in the severely affected areas including Wuhan in Hubei province, The epicenter of the outbreak in the east of the country.

New Arab     LIN

MilitiaMan and KTFA Members Thursday PM 2-20-2020 "Go Time"

KTFA:

(Post 194) Samson:   The Iraqi Private Banking Association concludes the course "Developing the Skills of Banking Branch Managers"   LINK

Samson:  The central bank organizes a lecture in Mosul on financial inclusion https://cbi.iq/news/view/1428

MilitiaMan:  Timing of these articles and what Frank brought us from WS files should have everyone smiling..

"Regular meetings now between CBI Board, IMF, AMF and UST."~Frank26 

Militiaman:  For them to be having meetings with those four should assure us that this is coming together so very well and orchestrated to be in synchronization with the new PM and his fresh independent cabinet even with the ISX to down to bank tellers.

The four Global Enities would be the ones to give the guidance to the CBs, Private Banks and then down to the bank managers, as they will need to now what to teach the tellers. They'll need to know what to tell the citizens about the value and the longevity of the coexistence of the varied currencies they will hold for what ever period of time they decide. That is effectively end game for us when that happens. imo

The call suggested that the Kurds will be involved in the training. Take note that the above Mosul training was done days ago.. imo... They speak of training at a very high level of internationalism. The CBI Statistics website has the stats on many things that facilitate money movement globally. They have the training parameters in place and or done by now through the managerial levels.. Next step is the tellers.. Most likely that is or will be down to the last few hours and or last minutes.. imo ~ MM

"The Central Bank of Iraq - the Erbil branch, organized a dialogue seminar on February 13, 2020 for the purpose of clarifying the relationship between transparency and disclosure and the commitment of private banks to the principle of transparency in accordance with the laws and instructions of the Central Bank of Iraq and international standards and explain the mechanisms for preparing cash transfer programs and provide the necessary guarantees and the mechanism of cash withdrawal and a set of other recommendations."

Post #200 Don961 "Today we urgently need to start a new stage that works to adopt the term "quick action"

 SNIPPET: Reaching our development goals is not difficult, but we need serious directions that support investments and investors and attract them with their advanced technology and capital to be employed in serving the economy of the country and the world, and here our slogan must be "the Rapid procedure. "

"Rapid procedures" is  a slogan they use. Well that sounds like they are moving right along and will be urgently addressing these procedures in a new stage. Well the new stage imo will include a new rate and a new median of exchange that will coexist for some time to come. ~ MM

MM POST #219 SAMSON said (Post #78 )

https://cbi.iq/news/view/1427

Confirmation of closing of the accounts of the merging brokerage firms opened with the approved banks.

The merging of companies, is a good thing in many cases. Merging Brokerage Firms that buy and sell foreign currencies. Be sure, that when there is a reason to merge there is value generated once completed, as merging tends to lead to growth... There will be demand for the IQD when they reinstate the IQD internationally imo. This appears to support that notion. The use of the words Brokerage Firms has me thinking growth in "Shares and or Currencies".. As we have learned there will be a synchronized effort with the ISX/NASDQ/FX/ATMs....then the NSCN's and fils.. imo ~ MM

https://www.ktfalways.com/forum/frank26-daily-posts/f

7-FA said (Post #6)
BROUGHT FORWARD

https://cbi.iq/news/view/1427

Confirmation of closing of the accounts of the merging
brokerage firms opened with the approved banks

18th February, 2020

To / All Approved Banks ( Account Closure )

We confirm what was stated in our numbered number (9/5/333) dated 5/8/2019 and
the attached requirements for granting the license to merging exchange companies for
the two categories (A, B), paragraph (9) of it, including ( closing all accounts of
brokerage firms buying and selling merged foreign currencies). Open at authorized banks
with the exception of ( parent company ) accounts.

MilitiaMan:  Then we see this below as well. They are seriously speaking of value. Well if they are going to get linked with the International Community and even with the NASAQ, the values of these companies will need to be transparent and have real value.. They NASDAQ has rules and they need to be followed, just as there are rules for Market Makers and the pricing of the shares. Same would hold true with the Forex, I suspect too. This is a very good sign.. ~ MM

Disclosure ... enhances the value of financial institutions locally and internationally

Tuesday, February 18, 2020
Baghdad / Al-Sabah

The Executive Director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, stressed the need to disclose in the financial institutions, for his role in enhancing its value locally and internationally, and its capabilities and performance improvement and reach its service or restrictive goals that are in all circumstances to serve the national economy.

Abdel Salam said: "Disclosure in economic institutions takes many forms and its follow-up is among the duties of the regulatory institution and society alike."

The real value

Abdul-Salam added, "We have previously demonstrated the need to pay attention to the market value of shares and compare them with the real value and the equivalent calculated in accordance with the disclosure criteria, and more importantly, interest in disseminating and clarifying these values in the performance contexts of the joint stock company, which has become known internationally and Arably to investor information or investor relations IR."

In the context of his responsibility and interest in the banking performance of Iraqi banks and their relationship with shareholders and investors, the Central Bank requested the registered Iraqi banks, whose shares are traded in the Iraq Stock Exchange, to pay attention to the bank's website through allocating an electronic window for investor relations (IR) on the bank’s website through which the publication Annual and quarterly reports, as well as publishing financial data analysis and comparisons with previous periods, as well as significant and influential contributions, and publishing analysis of performance and activity indicators and decisions of public body meetings And the number of shares traded and their market value.

Disclosure mechanisms

And that "this procedure is considered an evolution in the Disclosure Mechanism," as most banks implement the above paragraphs and publish them in their annual report, which appears shortly before the meeting - and it is almost a historical financial report - at a time when the importance of disclosing the above paragraphs appears within a system. An electronic window in the bank is a guide to transparency and interest in the bank’s shareholders to inform them of performance indicators, especially when combined with trading indicators in the stock market and a catalyst to attract investors.

Publish the data

Abdel Salam stressed that "the purpose of publishing the above data and information is a start to the financial and informational disclosure required by the participating banking companies, especially when demanding the publication of an analysis of the relationship and impact of financial variables among them and the relationship of the stock return and the earnings per share with the market value. Which gives a true picture of the value of the stock in light of Financial indicators".

Stop trading

Abd al-Salam continued, "It remains to determine that violating this mechanism should not lead to stopping trading in the company's shares or imposing fines on the company itself, but rather resorting to more effective means of holding accountable the negligent," explaining, "the importance of this mechanism extends in disclosing the way to sites that It promotes unlicensed investment and is not based on legal approvals by the sectoral authority or by the Capital Market Authority in Iraq, by deluding society with unrealistic investment opportunities in global stock exchanges that adopt dealing without the lowest disclosure criteria.

MilitiaMan:  My view is they are fully disclosing to the world they are finishing the reforms and in very deliberate fashion. Yet they are using the PM cabinet as a smoke screen. 

By them publishing that the cabinet is completed, yet, they are stalling the vote in parliament, suggests they are staggering the date of the vote time frames in the news for a purpose.. They suggested it was for yesterday, then today, now possibly Sunday, Monday and or even Tuesday next.. Imo ~ MM

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Samson:  (post 87) Rafidain Bank announces the opening of documentary credits to ministries, traders and private sector companies   LINK

Samson:  Al-Rafidain announces the opening of documentary credits for ministries, traders and private sector companies   LINK

MilitiaMan:  As noted in post 194 (see above) today, about the country being ready to go international (or is now already), this supports that opinion quite well. lol All the global entities that were mentioned in #194 has me thinking that this is telling the Global entities that they have the ability to get guaranteed payments and settlements in a manner that is acceptable to both buyer and seller in at an international level.

They have this in place through a government agency of Al-Rafidain Bank!! All the pieces of the puzzle are now on the table and apparently in place! Go time.. Or What? Imo

"The documentary credit is one of the most secure payment methods in international trade, offering the exporter a conditional payment guarantee from the importer's bank. Documentary credits usually require the presentation of certain documents, which must be complied with before payment can take place."

https://ex.aval.ua/en/corporate/finbizn/document/accreditives/

 Frank and Walkingstick video referenced above

Frank26 Video with Walkingstick "Walkabout with WS" 2-19-2020

KTFA:

Walkingstick:  Presidential Message on the 75th Anniversary of the Battle of Iwo Jima

 NATIONAL SECURITY & DEFENSE

Issued on: February 19, 2020

In the long record of American heroism in combat, few episodes capture the indomitable will and the stouthearted spirit of the American warrior better than the triumphs on the island of Iwo Jima in early 1945.  Seventy-five years later, we pay tribute to the immeasurable sacrifice of those killed in action on Iwo Jima, and we honor the heroic efforts of all who took part in one of the most costly and significant battles in our country’s history.

By February 1945, despite American forces possessing aerial and naval supremacy, the Japanese forces at Iwo Jima were well dug-in and prepared to fight to the last man for the strategically important airfields on this small piece of land.  This was the first time in World War II that the Japanese were defending what they considered home soil.  For 5 weeks, our Marines and Navy sailors endured a harrowing trial by fire, fighting to secure this remote volcanic island from more than 20,000 determined Japanese soldiers.  Nearly 7,000 Americans died in the effort.

The fighting on Iwo Jima was some of the bloodiest and most costly in all of World War II, but it also gave rise to some of the greatest examples of patriotism and heroism in our Nation’s history, inspiring Admiral Chester Nimitz’s famous statement that “uncommon valor was a common virtue.”  Few images evoke as much emotion from the American soul as Joe Rosenthal’s photo of six Marines raising our Flag atop Mount Suribachi in the opening days of the battle.  In addition, 27 Medals of Honor—the highest honor given to members of the military—were awarded for actions of conspicuous gallantry during the battle.  Of these, 22 medals went to Marines, making up more than 25 percent of the total Medals of Honor awarded to Marines throughout the entirety of the war.

Among the heroes at Iwo Jima were non-combatants, like Rabbi Roland Gittelsohn.  In the days following the battle, Rabbi Gittelsohn delivered a powerful, stirring message at the Fifth Marine Division cemetery on Iwo Jima.  There, he stated, “Here lie officers and privates, blacks and whites, rich and poor together.  Here are Protestants, Catholics, and Jews together.  Here no man prefers another because of his color.”  For his service ministering to men in the thick of the combat zone, Rabbi Gittelsohn was awarded three service ribbons, and today his words resonate as a powerful testament to the founding principle of our Nation that liberty and democracy are the rights of all men and women of every race, religion, and creed.

On this anniversary, we honor those who answered the call of duty and ensured that the forces of freedom emerged victorious in that fateful battle.  As a Nation, we remain forever indebted to the Greatest Generation.

The White House

Frank26:  WALKINGSTICK WANTS TO TALK TO ME...
AS SOON AS I AM FINISHED WITH WALKINGSTICK, I WILL START YOUTUBE...
SEE YOU SOON...FRANK26

Frank26:  2-19-20 WALKABOUT WITH WS

THIS WHOLE YOUTUBE IS ENTIRELY IN FRANK'S OPINION

https://www.youtube.com/watch?v=10FsWcL0Yp4

MilitiaMan Tuesday PM "They Are Seriously Speaking of Value" 2-18-2020

KTFA:

Samson:  Deputy: Karbala’s 2020 budget is devoid of new projects

18:31 - 17/02/2020

Member of the House of Representatives for Karbala, Riyadh Al-Masoudi, confirmed on Monday that the budget for the year 2020 is free of referring any new projects in the province.

Al-Masoudi told Al-Maalouma that the budget deficit of 48 trillion dinars deprived Karbala of any projects in 2020 because no money was allocated to it to refer new projects in various fields.

He added, "Many of the projects that have been suspended for years have been resumed through the 2019 budget, which amounted to 65 billion for the regions development projects and 33 billion ministerial and investment projects."

He pointed out that "the new government will work on a plan to balance major projects and transfer funds to them, while the share of Karbala will be the same percentage of the projects for the year 2019 and will go to suspended projects in which work will begin in the form of successive periods."  LINK

MilitiaMan:  They have told us in recent past that they finished the 2019 Financial Management Law with an Amendment to it, that is to facilitate the 2020 budget. Sounds to me like this is suggesting they have what we are waiting on and that is the rate to which they will use to fund the projects.. I suspect that they can't keep this tiger held back much longer. I also suspect leaks will emerge!! imo ~ MM

Railman:  How can there be an RI when there is such a large deficit and no new projects? 

MilitiaMan:   I think they are about to change things, as this suggests they have the 2019 budget which, imo would reflect the FML amendment that will facilitate the new rate we expect to precede the 2020.. Thus, they seem to know already that there is a big change coming... imo ! This is a good one!! ~ imo ~ MM

Samson:  Confirmation of closing of the accounts of the merging brokerage firms opened with the approved banks

18th February, 2020Sawco,

To / All Approved Banks ( Account Closure )

We confirm what was stated in our numbered number (9/5/333) dated 5/8/2019 and
the attached requirements for granting the license to merging exchange companies for
the two categories (A, B), paragraph (9) of it, including ( closing all accounts of
brokerage firms buying and selling merged foreign currencies). Open at authorized banks
with the exception of ( parent company ) accounts.  

https://cbi.iq/news/view/1427

MilitiaMan:  The merging of companies, is a good thing in many cases. Merging Brokerage Firms that buy and sell foreign currencies. Be sure, that when there is a reason to merge there is value generated once completed, as merging tends to lead to growth... There will be demand for the IQD when they Re instate the IQD internationally imo. This appears to support that notion. The use of the words Brokerage Firms has me thinking growth in "Shares and or Currencies".. As we have learned there will be a synchronized effort with the ISX/NASDQ/FX/ATMs....then the NSCN's and fils.. ~  imo ~ MM

MilitiaMan:  Then we see this today below as well. They are seriously speaking of value. Well if they are going to get linked with the International Community and even with the NASAQ, the values of these companies will need to be transparent and have real value.. They NASDAQ has rules and they need to be followed, just as there are rules for Market Makers and the pricing of the shares. Same would hold true with the Forex, I suspect too.  This is a very good sign.. ~ MM

Disclosure ... enhances the value of financial institutions locally and internationally

Tuesday, February 18, 2020
Baghdad / Al-Sabah 

 The Executive Director of the Iraq Stock Exchange, Taha Ahmed Abdel Salam, stressed the need to disclose in the financial institutions, for his role in enhancing its value locally and internationally, and its capabilities and performance improvement and reach its service or restrictive goals that are in all circumstances to serve the national economy. 

Abdel Salam said: "Disclosure in economic institutions takes many forms and its follow-up is among the duties of the regulatory institution and society alike."

 The real value

Abdul-Salam added, "We have previously demonstrated the need to pay attention to the market value of shares and compare them with the real value and the equivalent calculated in accordance with the disclosure criteria, and more importantly, interest in disseminating and clarifying these values ​​in the performance contexts of the joint stock company, which has become known internationally and Arably to investor information or investor relations IR."

In the context of his responsibility and interest in the banking performance of Iraqi banks and their relationship with shareholders and investors, the Central Bank requested the registered Iraqi banks, whose shares are traded in the Iraq Stock Exchange, to pay attention to the bank's website through allocating an electronic window for investor relations (IR) on the bank’s website through which the publication Annual and quarterly reports, as well as publishing financial data analysis and comparisons with previous periods, as well as significant and influential contributions, and publishing analysis of performance and activity indicators and decisions of public body meetings And the number of shares traded and their market value.

 Disclosure mechanisms

And that "this procedure is considered an evolution in the Disclosure Mechanism," as most banks implement the above paragraphs and publish them in their annual report, which appears shortly before the meeting - and it is almost a historical financial report - at a time when the importance of disclosing the above paragraphs appears within a system. An electronic window in the bank is a guide to transparency and interest in the bank’s shareholders to inform them of performance indicators, especially when combined with trading indicators in the stock market and a catalyst to attract investors.

 Publish the data

Abdel Salam stressed that "the purpose of publishing the above data and information is a start to the financial and informational disclosure required by the participating banking companies, especially when demanding the publication of an analysis of the relationship and impact of financial variables among them and the relationship of the stock return and the earnings per share with the market value. Which gives a true picture of the value of the stock in light of Financial indicators".

 Stop trading

Abd al-Salam continued, "It remains to determine that violating this mechanism should not lead to stopping trading in the company's shares or imposing fines on the company itself, but rather resorting to more effective means of holding accountable the negligent," explaining, "the importance of this mechanism extends in disclosing the way to sites that It promotes unlicensed investment and is not based on legal approvals by the sectoral authority or by the Capital Market Authority in Iraq, by deluding society with unrealistic investment opportunities in global stock exchanges that adopt dealing without the lowest disclosure criteria.   LINK

MilitiaMan:  Now then they throw this into the mix today.. "FROM DELTA: FROM IRAQI TV...........By direct orders from the White House .. Washington is delaying the delivery of oil money to Baghdad.... WOW ANOTHER PRESSURE ON THEM ... DELTA"

MilitiaMan:  Well they'll need quick action alright. They stop getting oil money (USD) they'll need to stand on their own two feet with the IQD with an international rate that supports the economy and the value of their shares, currency, etc.. This is stacking up so very well and timely now.. With the New PM to be voted and presented soon, the CBI has her work cut out for an announcement imo... ~ MM

Quick action

Tuesday, February 18, 2020

Hussein Thagab 

Successful economic experiences that left a mark on the global level, and were able to achieve sustainable development according to the paths that they adopted to reach the goal they seek, and led to changing the reality of the economy to a new stage better than it was, and many experiences in different continents of the world can not be hidden from everybody.

And when searching for the merits of this matter, we found that the quick procedure that is adopted in the masses of the developed economy is the secret of success, as there is a great integration between the public and private sectors, and both of them perform their responsibilities in a completely and quickly without any complication, as the public sector works to organize the tracks of performance And in a manner that meets the aspirations of the authority that manages the economy, which defines the "private sector" implementing all the Economic plans .

 Successful global experiences are mentioned here and there continuously, and the call from economists and specialists about it rises to benefit from successful regional and international experiences, especially since Iraq has better ingredients than others, and it is almost unique to it from other countries of the globe, and here we must have a serious and national stand You go towards real work to translate the annual, five-year and ten-year development plans into Earth reality. 

This inevitably needs to improve the mechanisms for improving performance and avoiding all the complexity mechanisms that accompany the completion of business, and for the real and specific private sector to have an active role in the sustainable development process that it Iraq seeks. 

Today we urgently need to start a new stage that works to adopt the term "quick action", and thus a trend that needs to reform the work system in the public and private sectors, as the public sector is intended to perform faster in the process of doing business without any complication and in a way that supports development, On the other hand, there is a specific private sector that understands the size of the tasks entrusted to it, and is able to manage the helm of the Iraqi economy that is being monitored by the major international companies waiting to have the opportunity to be an active participant in the process of economic advancement and in a manner that benefits all the parties.

Reaching our development goals is not difficult, but we need serious directions that support investments and investors and attract them with their advanced technology and capital to be employed in serving the economy of the country and the world, and here our slogan must be "the Rapid procedure. "   LINK

Frank Delta and KTFA Members Tuesday 2-18-2020

KTFA:

DELTA: WOW ………...GREAT FIND SAMSON ……….CBI GETTING BANKS READY....

Samson:  The central bank determines the percentage of fees charged to banks

18th February, 2020

The Central Bank of Iraq, on Tuesday, directed banks and financial institutions to commit to meeting the commissions prescribed by its transactions

The bank said in a statement received by "Eye of Iraq News", that "all banks and financial institutions have an obligation to fulfill the commissions previously determined by their transactions, which are as follows

1- Purchase commission through points of sale: free of charge

2- Cash withdrawal commission through points of sale (0.006 of the amount) a minimum (2,000 Iraqi dinars), or 6,000 dinars per 1 million Iraqi dinars, and if the amount of 333,000 dinars is withdrawn or less, then the lowest commission applies and amounts to (2,000 Iraqi dinars)

3- Cash withdrawal commission through the ATM: (0.004 of the withdrawn amount) The lowest commission (1,000 Iraqi dinars), i.e. 4,000 Iraqi dinars per 1 million dinars, and in the event of withdrawing an amount of 250,000 Iraqi dinars or less applied The lowest commission is (1,000 Iraqi dinars)    LINK

Samson:  The central bank organizes a lecture in Mosul on financial inclusion

18th February, 2020

The Central Bank of Iraq / the Mosul branch organized a meeting with government
and private banks in Nineveh Governorate and the Association of Private Banks as
well as electronic payment companies on February 10, 2020.

 The meeting included a lecture to promote the concept of financial inclusion, ATM and 
POS deployment mechanisms , updates to localization statistical indicators, RTGS and 
ACH system stats.

 The Central Bank of Iraq information Office

2/18/2020

https://cbi.iq/news/view/1428

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Monday Night KTFA CC 2-17-2020 with Frank26

PLAYBACK : 605.313.5163 PIN: 156996#

https://fccdl.in/RiEDhaIVqL

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

Samson:  Deputy: The 2020 budget will be completely changed according to the new government program

11:51 - 02/18/2020
The deputy of the Al-Fath Alliance, Ahmed Al-Kinani, confirmed on Tuesday that the draft budget for 2020 will be changed significantly after the government of Muhammad Tawfiq Allawi obtained confidence, indicating that the next government is determined to provide a government program.

Al-Kanani said in a statement to "Information" that "the 2020 budget has not been approved yet because of the resignation of the government, as well as the political dispute over its details."

Al-Kinani added, "The next government will rearrange and change the draft budget according to its next government program, which parliament will vote on in the coming days."

On the presence of a bloc opposed to the selection of independent ministers in Allawi's government, Al-Kinani indicated that "Allawi will succeed in passing his government in the event of selecting independent ministers without the need for the Kurdistani Democrat or parties from the Union of Forces."   LINK

ScubaSteve70:  All IMO of course...But I am remembering notes taken during last night CC.
1) PM
2) A Rate
3) Budget

Budget needs the rate...So is this why they will have to "rearrange" before voting?

I am loving the enthusiasm that each article is bringing today!!

KTFA, Frank, Tink, Delta, WalkingStick..THANK YOU, I don't know where I would be in this investment if it weren't for your diligence.  I am forever grateful. You will all forever be in my prayers.  Thank you.

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

Samson:  A Kurdish delegation arrives in Baghdad on an urgent visit to negotiate with Allawi on the new government

18th February, 2020

Former Deputy Prime Minister, Bahaa Al-Araji, called on Prime Minister-designate Muhammad Tawfiq Allawi and the older Kurdish delegation to Baghdad to form a government that can bypass the crisis.

Al-Araji said in a tweet on Twitter, "Today, the Kurdish delegation arrives in Baghdad to negotiate with the designated Prime Minister to determine their participation in the next government."

He added, "We call on both parties to look at the public interest in order to form a government that can overcome the crisis."  LINK

Samson:  11 Shiite ministries, 6 for the Sunnis, and 5 for the Kurds in the government of Muhammad Tawfiq Allawi

18th February, 2020

An informed political source revealed that the new cabinet of Prime Minister-designate Muhammad Tawfiq Allawi will include 11 ministries of Shiites, 6 for the year and 5 for the Kurds.

The source said in a statement to "Al-Ikhbaria", "The Prime Minister-designate Muhammad Tawfiq Allawi has completed his cabinet, and he will send it to Parliament no later than next Thursday."

He explained that "the ministerial cabinet includes 11 ministries for the Shiites, 6 for the year, 5 for the Kurds and one for the minorities, as it includes 5 dual-minister ministers and 5 women."

A well-informed political source said that the announcement of the ministerial cabinet will take place within the next five days.   LINK

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

Sawco:  Good morning, all...……...If I have learned anything about our study,,, it's that Frank and WS have been spot on, with respect to the articles we read on our forum... By that, I mean many are completely contradictory.....

As Frank and WS have said, "many of what you read coming from Iraq,, is not true, and fake news"....Case in point,,, post 54 says that Allawi will bring his cabinet to parliament tomorrow (Wednesday),, yet post 131 states TWO different comments:  One,, Allawi will bring his cabinet to parliament by Thursday,, and yet later in the same article,, it states, Two: Allawi will bring his cabinet to parliament in the next five days.. Other articles also talk about:  either late this week, or early next week...…….

In conclusion,,, listen to Frank and WS,,, not some of this contradicting news that comes out of Iraq...Much of it comes from Maliki's newspapers (that he owns)………..Of course, all of the above is Blessings family...…….

P.S.  I'm sticking with Frank,,who,, if I understand what he has said,, "look for an RI by the end of this month"... Lord knows I could have misunderstand his thoughts,, but I pray he Is correct...………...Again,,Blessings family...……..

Walkingstick:   All else, aside.. The very reason Iraqis are more dependent on social media versus local media... Knowing, most local media outlets are partisan... Owned and or influenced by influential parties or persons... Regards...

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Don961:  Advisor to the Prime Minister: The reform package will employ half a million citizens

Monday 17 February 2020

Baghdad / Farah Al-Khaffaf

 The Prime Minister's advisor for financial affairs, Dr. Mazhar Muhammad Salih, confirmed that the fiscal deficit that will be included in the General Budget Law for the year 2020 will not affect the salaries of employees and retirees, and that the government tends to provide internal sources of revenue, to secure financial allocations for the operation of at least half a million citizens within the package of reforms. 

Saleh said in a special statement to “Al-Sabah”: “According to the budget data, all salaries are insured, and they are within the basic function of the state and its priorities, and that the fiscal deficit within the budget for the year 2020 will not affect salaries Employees and retirees. ” 

The consultant added that "wage salary indicators increased by 10 to 11 trillion dinars, including no less than the operation of half a million citizens, within the package of reforms launched by the government at the end of last year 2019, including operating some contracts, and revoking their contracts, which constituted an addition to the salary budget." 

He referred to "the necessity of returning financial engineering to Iraq to reduce unnecessary expenses," stressing "finding real and actual internal sources to supplement the budget with revenues before resorting to borrowing, especially since the state is in a balanced debt position at the present time, meaning that the space Financial is good. ”

Saleh pointed out, "The presence of vessels evading taxes, as paying the tax, fees and revenues enhances the state budget, and therefore it will go to the society’s livelihood, especially since the employee is an important contributor to the economic cycle through his spending, and this process is called doubling the income in a way that drives the wheel of the economy." 

He explained that "the obligation to pay taxes is called the right to coexistence, which is a free national contribution and not a feudal levy, and that it is fair, simple and payable without exhausting the citizen", urging "the strengthening of financial and collection management to provide resources to meet the expenses, which are resources from the customs Unlimited wallpapers ". 

The advisor stressed the importance of the ability to address corruption and violations, that is, spending without the availability of benefits, and the need to address unnecessary expenditures in the budget and reduce them, especially since there are many gaps in exchange. 

He urged "the search for real resources that guarantee living for the added employees and securing their salaries, through real directions to maximize internal resources." 

As for what concerns Iraq’s oil, and the efforts of OPEC, which Iraq is one of its founders, to an additional reduction in oil production for producers inside and outside it, Saleh confirmed that it is a common and mutual interest, and that the reduction will be in production and not by the amount of exports, noting that “the reduction contributes to stimulating the raising and improving The price of a barrel of oil while it is in the interest of Iraq, especially since Iraq has committed itself to its share of the previous reduction.     LINK

Samson:  Parliamentary Finance: The next chapter will witness the arrival of the Chinese agreement

10:59 - 02/18/2020

Parliamentary Finance Committee confirmed, on Tuesday, that the next legislative term will witness the arrival of the Iraqi-Chinese agreement to the House of Representatives, stressing that Parliament had previously asked the government to send a copy of the agreement.

Member of the Committee, Siham Al-Aqili, said in a statement to "Information", that "the House of Representatives asked the government to send a copy of the Chinese agreement in order to present it to the relevant parliamentary committees," noting that "all agreements with any country must be enacted by law by the legislative authority." 

Al-Aqili added, “Such agreements must be regulated by a law issued by the legislature to monitor the implementation of the agreement,” stressing that “the upcoming legislative term will see the arrival of a copy of the agreement signed between Iraq and China to the House of Representatives.”    LINK

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Samson:   China exempts 696 US goods from customs duties to support purchases

18th February, 2020

China has decided to exempt 696 American goods from punitive customs duties, in the largest duty exemption to date, as Beijing seeks to implement its obligations in the initial trade agreement with the United States

Tuesday's announcement comes after the first-stage agreement between the two countries came into effect on February 14th and this is the third round of exemptions that China gives to American goods

China has pledged to increase purchases of goods and services from the United States by 200 billion dollars over two years as part of the agreement, and has already abolished some additional fees on US imports after the signing

Among the commodities included in the exemptions are agricultural and energy products such as pork, beef, liquefied natural gas and crude oil, which were subject to additional fees in the midst of the escalation of the commercial dispute between the two countries   LINK

Frank26 Video and KTFA Members News Monday PM 2-17-2020

KTFA:

Samson:  Seminar in Erbil on disclosure and international standards

17th February, 2020

The Central Bank of Iraq - the Erbil branch, organized a dialogue seminar on February 13,
2020 for the purpose of clarifying the relationship between transparency and disclosure
and the commitment of private banks to the principle of transparency in accordance with
the laws and  instructions of the Central Bank of Iraq and international standards and
explain the mechanisms  for preparing cash transfer programs and provide
the necessary  guarantees and the mechanism of cash withdrawal and a set
of other recommendations.

The Central Bank of Iraq information Office

February 16, 2020

https://cbi.iq/news/view/1422

ScubaSteve70:  This looks big..IMO

Samson:  Other: Allawi's cabin is complete and is independent according to our information

17th February, 2020

A member of the House of Representatives, from the Saeron Bloc, confirmed the completion of the ministerial cabinet of Prime Minister-designate Muhammad Tawfiq Allawi, indicating that it is a "separate" cabin.

Al-Omairi said, in a press statement, that "Allawi's cabin was completed a few days ago and is independent according to the information we have confirmed, but there are some forces trying to return the ministerial formation to the first square in order for a number of ministries to submit to it."

He added that "everyone knows that the continuity of these parties was dependent on what they get from these ministries," pointing to the need to "be aware of the danger of this stage and release freedom of choice for Allawi in forming the cab."

Al-Amiri called on the Prime Minister-designate to announce that he "bears full responsibility before the Iraqi people in forming the government booth during a session granting him confidence in the House of Representatives, and that she was chosen from him without pressure, and if she found him to remind her of the sky", he went on "either to make the Iraqi street unfamiliar with this information In light of the accusations, the fall and the distortion of some political blocs that are trying to make the wheel spin in order to get Iraq out of this impasse."   LINK

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Samson:  Integrity: 41 seizures in January, in which corruption incurred more than (44) billion dinars

17th February, 2020

The Federal Integrity Commission disclosed all seizures carried out by its directorates and investigation offices, noting that it had implemented (41) seizures in Baghdad and the provinces during the past January.

The investigations department of the commission indicated that its directorates and investigative offices in Baghdad and the provinces have implemented (41) seizures, in which corruption has amounted to more than (44,000,000,000) billion dinars, indicating that the most prominent of them is the process of seizing a wireless exchange in the Directorate of Communications and Post of Basra was purchased with more than (14,000,000,000) billion dinars within the regions development program for the year 2012, and it remained abandoned in Basra Postal stores, despite the receipt of the company equipped for all its financial dues, and setting the priorities for the purchase of (64) tanks (deny) with the amount of (14,000,000,000) billion dinars for the Directorate of Water in Nineveh.

The department added that among the operations is the seizure of more than (6,000,000,000) billions of dinars in local revenue for the dissolved Diyala Provincial Council, which was collected and collected from the (Safra port) deposited in a private bank in violation of the controls and instructions of the Ministry of Finance, in addition to controlling exchange documents and purchase deeds (63) A medical device for the hospitals of the Muthanna Health Department, at an amount of (2,453,000,000) two billion dinars, and seizing books issued by Salah El-Din Traffic regarding the validity of annual publications that were organized in an informal manner and in violation of the law.

And it showed that the Basra Investigation Directorate carried out (15) operations during which 12 suspects were seized, while the Nineveh Investigation Directorate carried out 8 operations during which (16) of the total number of operations (41) were seized, pointing out that those operations resulted in the seizure (41) Accused.   LINK

Samson:  Al-Fateh: The end of next week's parliament session to pass the government of Muhammad Allawi

16:00 - 17/02/2020

The Al-Fateh Alliance expected, on Monday, to determine the session to pass the government of Mohammed Allawi next week and give it confidence, indicating that Parliament is awaiting submission of names to study CVs before the session date.

The deputy of Al-Fath Fadel Al-Fatlawi told “Al-Maalouma” that “Prime Minister-designate Muhammad Tawfiq Allawi has not yet completed the cabinet formation completely and is awaiting resolution of his differences with the Sunni and Kurdish parties.”

He added that "the Kurdish and Sunni parties are pushing to impose certain names, which made Allawi delay the formation of his government," noting that "he will proceed with choosing his cabinet and present it to parliament early next week."

He explained that "the names will be presented to the members to study the CVs and then define the voting session to pass the government of Muhammad Allawi at the end of next week and give it confidence."

And the Prime Minister-designate, Muhammad Tawfiq Allawi, announced last Saturday the completion of the formation of the new government and its presentation to the House of Representatives this week.    LINK

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Frank26:  2-17-20 CLONE OF TRUMP

This video is in Frank’s opinion

KTFA CONFERENCE CALL INFORMATION: 7PM EST 605.313.5164 PIN: 156996#

Can't join us live? PLAYBACK : 605.313.5163 PIN: 156996#

https://www.youtube.com/watch?v=5mIJtsNCcII

"China Related News" Posted by Samson Monday 2-17-2020

KTFA:

Samson: China quarantines its money 14 days to stop the spread of "Corona"

19:44 - 02/15/2020

The Central Bank of China announced a decision to "cleanse" the circulated banknotes, by placing them in a "stone" to limit the spread of the Corona virus. "Banks use ultraviolet radiation or very high temperatures to sterilize banknotes, before isolating them for a period of 7 to 14 days," said Deputy Governor of the Central Bank of China, Fan Yifei.

He added: "We must maintain the safety and health of users of cash flow," referring to the suspension of financial transfers between Chinese provinces, stressing the possibility of returning the banknotes to circulation after the expiration of the "quarantine" period, which depends on the severity of the epidemic in the region concerned.

These measures come in parallel with the increasing hesitation of the Chinese to use the currency for fear of catching the infection, although most consumers have been using their smartphones to pay for their daily purchases for years. According to the World Health Organization, the virus mainly transmits through the respiratory system, by touching infected areas.  LINK

Samson:  China "quips" banknotes to stop the spread of Corona

16th February, 2020

The Central Bank of China has announced a decision to "clean" banknotes in circulation by placing them in a "quarantine" with the aim of curbing the spread of the Corona virus, stressing that it will continue to support companies suffering from the epidemic.

Van Yifei, deputy governor of the Chinese Central Bank, said that banks use ultraviolet radiation or very high temperatures to sterilize banknotes, before isolating them for a period of 7 to 14 days.  He pointed out in a press conference yesterday, the possibility of returning the banknotes to circulation after the expiration of the "quarantine" period, which depends on the severity of the epidemic in the region concerned. He added, "We must maintain the safety and health of the users of cash flow," referring to the suspension of financial transfers between the Chinese provinces.

The central bank's actions come in parallel with the increasing hesitation of the Chinese to use the currency for fear of catching the infection, despite the fact that most consumers use their smartphones to pay their dues and the price of their daily purchases for years.  Moreover, before the Lunar New Year holiday, the Chinese central bank issued an "emergency issue" of banknotes of 4 billion yuan (53 million euros) in Hubei Province (center), the epicenter of the epidemic. In the face of the new respiratory epidemic, which has caused about 1,500 deaths and injured more than 66,000 people in China, public space sterilization has increased, while residents are encouraged to limit direct contact with others.

According to the World Health Organization, the Covid-19 epidemic is transmitted mainly through the respiratory tract (through saliva for example) and also through physical contact and by touching areas contaminated with the epidemic. While analysts expect monetary facilities to revive an economy paralyzed by the epidemic, Yivi only commented that the central bank would follow a "wise" monetary policy. In this context, Yifi says that the rate of doubtful debts is still "relatively low" in the banks' budget.

The Chinese Banking Regulatory Commission called on commercial banks to increase the lending rate to companies while maintaining "reasonable interest rates," according to Vice-President Liang Tao at the press conference. China will help companies resume production as soon as possible, said the Chinese deputy central bank governor.

The world's second largest economy has been affected by the rapidly expanding epidemic of Corona virus, which has killed more than 1,500 people. Liang Tao, vice-chairman of the Banking and Insurance Regulatory Commission, said at the press conference yesterday that China will accelerate the provision of loans and credit to major investment projects, and will support small and private companies affected by the spread of the virus.

Separately, Juan Changning, vice-president of the country's foreign exchange regulator, said at the conference that China is expected to maintain a slight surplus in the current account balance.

- China's economy struggles to return to activities The authorities in the Chinese capital, Beijing, imposed a 14-day self-quarantine stone on returning to the city after the holidays had ended, to prevent the spread of the new Corona virus, and threatened to punish violators. It is not yet clear how the authorities will implement the new restrictions published by the official "Beijing Daily", and whether they will apply to non-residents of Beijing or foreigners from abroad.

In an interview with Reuters on Friday, the Chinese foreign minister acknowledged the great challenge posed by the Corona virus to his country, but he defended Beijing's management of the epidemic and criticized other countries for exaggerating the reaction. Wang Yi said China has taken the most strict and decisive measures to combat the epidemic, bypassing many of the International Health Regulations and recommendations of the World Health Organization. He added: "Through our efforts ... the epidemic is under control in general."

The Chinese economy is struggling to get back to work after the lunar New Year holiday, which has been extended for ten days in an effort to contain the spread of the new highly contagious virus that infects the respiratory system, which has been officially named 2019 in-cove. The authorities announced 5,030 new cases on the Chinese mainland, including more than 120 deaths, bringing the number of injuries to 63,851 cases, and the number of deaths to 1,380 people.

Adam Camrat-Scott, an infectious disease expert at the University of Sydney's Center for International Security Studies, said the figures did not indicate that the virus was spreading to its peak. But sources said that with 500 million people affected by movement and travel restrictions, Chinese President Xi Jinping warned senior officials a few days ago that efforts to contain the virus have exceeded the range and threaten the economy.

In cities such as Beijing and Shanghai, the business center, streets and subway stations were largely deserted, and many shops and restaurants were empty or closed.

- US GDP affected -  White House economic adviser Larry Kudlow said on Friday that the outbreak of the Corona virus in China "may" shrink US GDP in the first quarter by 0.2 to 0.3 percent. "We think we may lose in the first quarter ... 0.2 or 0.3 per cent of gross domestic product," Kudlow said in an interview with Fox Business.

Investment bank Goldman Sachs said on Friday that the outbreak of the Corona virus is likely to cut 0.4 percentage points from economic growth in China in 2020, and it will also have a less negative impact on the growth of the US economy.

The bank estimates that the growth of the US economy will decline 0.4 percentage points in the first quarter, but said that growth is likely to recover in the second quarter “which will lead to a small net decline in growth in America in the whole of 2020”. Goldman Sachs revised its forecast for China's GDP growth this year to 5.5 percent from 5.9 percent.  LINK

Samson:  The Chinese president calls on his country's officials to maintain the economic system

16th February, 2020

Chinese President Xi Jinping on Sunday called on senior officials in Beijing to do everything in their power to maintain its economic and social system while the country is fighting the Corona epidemic.

The Chinese President warned officials on the third of February, that efforts to contain the Corona virus went too far threatening the economy, and days later Beijing took measures to mitigate the effects of the virus outbreak, as the epidemic became a major test for the Chinese president in how to balance the epidemic eradication and protecting the economy It is already growing at the slowest pace in nearly 30 years.

"Shi", in a speech on February 3 in front of the Standing Committee of the Political Bureau of the Communist Party, urged officials to put in place policies to support the economy even as they work to control the spread of the Corona virus, noting that the epidemic that killed more than 1500 people and infected more than 66 Alpha, so far, affects the economy, especially the service industries, and added that measures should be taken to maintain the industrial chain in China and encourage companies to resume production.

In his speech, Xi said that China "still has to adhere to this year's economic and social development goals."

He added that it is necessary to increase financial support, such as preferential policies for interest rates and loan terms, and to return migrant workers in key industries sectors to work, pointing out that major projects, especially in the field of manufacturing, must start their construction work according to the specified dates, adding that enhancing consumption It is an important protection against the impact of the epidemic.

"We should work to promote the adoption of 5G technology on a larger scale, and purchase products related to healthy life and cars," he added.   LINK

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Samson:  China cuts medium term loan interest by 10 basis points to support the economy

17th February, 2020

China's central bank slashed interest rates on its medium-term loans on Monday as policymakers attempted to absorb the economic shock caused by a coronary virus outbreak that severely disrupts corporate activities

The People's Bank of China said it had decided to cut the interest on loans of 200 billion yuan (28.65 billion dollars) from one-year medium-term facilities provided to financial institutions by 10 basis points to 3.15 percent instead of 3.25 percent. No loans in this category are due on Monday

Earlier this month, the central bank unexpectedly cut interest rates on reverse repurchase agreements by ten basis points as the outbreak accelerated

It is expected to pave the way on Monday for a cut in the country's benchmark interest rate, which is slated to be announced on Thursday

The People's Bank of China said in its statement that it pumped 100 billion yuan of reverse repurchase agreements to financial institutions on Monday, coinciding with the deadlines for agreements totaling one trillion yuan   LINK

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Samson:  Parliamentary Action: Stopping the measures to implement the China agreement is only a precaution

19:40 - 02/16/2020

The Parliamentary Labor and Social Affairs Committee affirmed on Sunday that stopping the implementation of the economic agreement with China is a precaution to avoid the spread of Corona virus inside the country, while it indicated that the new government is obligated to implement all the provisions of the agreement to revive the Iraqi economy and solve the services crisis.

Committee member Fadel Al-Fatlawi said in a statement to "Information", "The government of Prime Minister-designate Muhammad Tawfiq Allawi does not intend to reduce the terms of the agreement with China and will work to implement it fully to achieve the achievement of service projects," noting that "stopping the implementation of the agreement with China in The current time is a precaution to prevent the spread of the Coronavirus, which has recently spread to China.”

He added that "the government's action not to enter the arrivals from China is among the preventive measures taken by Iraq to immunize citizens from infection with the virus," noting that "the Allawi government will put in place a mechanism after granting it confidence in the House of Representatives to deal with China and implement the terms of the agreement."

And the Al-Fateh Alliance confirmed yesterday, Saturday, that it had waived its electoral entitlement in the cabinet of Prime Minister-designate Muhammad Tawfiq Allawi in exchange for implementing the terms of the agreement with China and the implementation of the parliament’s decision to remove foreign forces, led by American forces, from the country.  LINK

"Iraq News" Posted by Don961 at KTFA 2-16-2020

KTFA:

Don961:  A Special Source For (Today's Iraq): The Allawi Government Will Definitely Pass Today, Sunday!

Policy  ,   02/16 2020 14:25  

 Baghdad - Iraq today:

A special source for the website (Iraq Today) revealed the intention of Prime Minister-designate Muhammad Tawfiq Allawi to announce his government today, Sunday, in an extraordinary session to be held at a later time, in the presence of all Shiite political blocs as well as some Sunni and Kurdish forces.

The source said in his exclusive interview, "A political agreement took place between the main Shiite forces - Al-Fath and others" - as well as other forces, and also those close to the Sunni and Kurdish alliances to pass the ministerial cabinet of 23 ministers.

And the source indicated that "the next few hours will witness the birth of the Allawi government, which will inevitably pass the political majority even if the Kurdish and Sunni forces continue to boycott."

He added, "The session will take place even if the speaker of parliament, Muhammad al-Halbousi, who insists on passing nominated ministers from his parliamentary bloc, is absent."   link

Rommy:  Well Well Well ... IMO Don, this article should get some attention.  Thank You!

Don961:  well to be cautious in trying to cipher the articles ... , thinking this is saying they have enough votes to pass Allawi's cabinet ...  despite Sunnis, Kurds , or anyone else objecting or holding out for their share or other reasons .. IF it would get presented today ... we shall see ... imo

Don961:  Deputy for victory: Allawi sent his cabinet to accountability and justice ... two days before the parliament vote

Politics 02/22/16 16:03 1264 Editor: Zs     Baghdad today - Baghdad

On Sunday (February 16, 2020), Nada Shaker Jawdat, the deputy for the victory coalition, announced that Prime Minister-designate Muhammad Tawfiq Allawi had sent his cabinet to the Accountability and Justice Authority for audit.

Jawdat said in an interview with (Baghdad Today), "The ministerial cabinet has guaranteed five ministerial seats for women, and all those who are independent are not partisan."

She added that "Allawi sent it to the Accountability and Justice Authority in order to consider the curriculum vitae of the candidates," likely "to be presented to the House of Representatives to gain confidence within the next two days."

The Prime Minister-designate, Muhammad Tawfiq Allawi, confirmed on Saturday, 15 February 2020, the close of the vote on his cabinet.

"We came close to achieving a historic achievement, which is the completion of an independent ministerial cabinet, capable and impartial, without the intervention of any political party," Allawi said on Twitter.

He added, "We will put the names of this booth this week, God willing, away from rumors and leaks, and we hope members of Parliament will respond and vote on it in order to start implementing the people's demands."

On February 13, 2020, the Accountability and Justice Authority revealed the mechanism for checking the names of ministers and other positions in the country.

The official news agency quoted the head of the Accountability and Justice Authority, Basem Al-Badri, as saying that "the agency's work mechanism includes revealing and checking the names of ministers and other positions in the country through correspondence from the relevant official authorities."

Al-Badri said, "There is no difference in the audits between the top positions, whether disclosures are made for the government or for parliament, especially since the two bodies are concerned in this regard."

The President of the Accountability and Justice Authority continued, "The period during which the process of verifying names is different, while higher positions require procedures."  link

Don961:  Post is a little more direct .. saying he's sent the names to accountability for scrutiny .. a lot of political jockeying going on as well .. mps trying to present themselves in the best light possible so as not to let on they are partly responsible for things as they are .. and perhaps losing their cushy positions .. imo