KTFA Members "News and Views" Tuesday PM 3-17-2020
.KTFA:
DELTA: GREAT JOB SUPER SAMSON..........CAME DIRECTLY FROM ALAQ.........
Samson: The central bank exempts merchants and citizens from the commission of using POS for a period of 6 months
17th March, 2020
The Central Bank of Iraq announced, on Tuesday, that it will exempt merchants, business owners and citizens from the commission of using POS for a period of 6 months.
The bank said in a statement, Alsumaria News received a copy of it that "on the call to use electronic payment tools in financial dealings and avoid dealing in cash in order to preserve public health, the commissions on the citizen and the merchant when using POS devices will be zero and for a period of 6 months starting from 17 March."
Frank, Delta and Walkingstick Monday PM 3-16-2020
.KTFA:
Walkingstick: Published 3 hours ago
Foreign disinformation campaign on fake national quarantine trying to cause panic: officials
Trump administration officials say a foreign disinformation campaign is trying to spread fear amid the coronavirus pandemic, with false rumors of a nationwide quarantine and more.
A senior administration official told Fox News on Monday that it is imperative to ensure the information about the novel coronavirus is coming from verified outlets.
“There is an ongoing effort to spread disinformation and cause undue panic,” the official told Fox News, specifically referring to the rumors of a nationwide quarantine. “There is no national quarantine for the United States.”
Delta and KTFA Members "They Let The Cat Out Of The Bag!" 3-16-2020
.KTFA:
DELTA: FAMILY...THEY LET THE CAT OUT OF THE BAG.........THEY ARE SAYING THEY ARE CLOSING TRADING FOR ONE WEEK BECAUSE OF CORONA...THEN THEY ARE SAYING COMPANIES TO COMPLETE FINANCIAL ADJUSTMENT...THANK YOU SUPER SAMSON YOU FIND ANOTHER HUGE AND AMAZING ARTICLE
Samson: Iraq market: stop the organization of trading sessions and trading activity in securities as of tomorrow
16th March, 2020
The Iraqi Stock Exchange announced that it would not organize trading sessions and stop trading activity in securities as of tomorrow.
Translation....
Based on the decisions of the health crisis of 2020/3/15. The Board of Governors decided not to organize trading sessions and the suspension of stock dealings from Tuesday 2020/3/17 to enable brokerage and investment companies to complete financial adjustments between them - starting again on 2020/3/24.
MilitiaMan Sunday Night "Pray we are Witnessing a Blessing" 3-15-2020
.KTFA:
MilitiaMan: A few thoughts of mine on some on goings of late. I am not saying that I am not sympathetic to those that have died, become ill or may be vulnerable to become ill from any flu or COV-19 out there, as there are clear concerns for any one who may be compromised.
The sad thing is there is loss of life and now for a very odd showing is a hysteria driven progression of the COV-19 whipping the world up into hysteria. $ Trillions and Trillions of market cap globally has been lost to date.
I posted yesterday some stats I found from a news show that showed the H1N1 relationship to the present COV-19 stats. H1N1 was by far more deadly in death count than what we are seeing globally now, from what I gather. There was no world shut down back then! No supply chain disruptions! No shortage of TP, hand sanitizers, food, etc..!!! Nope there sure wasn't.
Why this time around? Is it political, is it economically driven to deflate an over bought market(s), is it a cover to create an environment to hide things that need a safety net for what may be being done to address corruption at it's highest levels around the world?
KTFA Members "News and Views" Sunday 3-15-2020
.KTFA:
Samson: Parliamentary Finance: Iraq is still in the stage of danger ..We sell oil for 27 dollars
14th March, 2020
Member of the Parliamentary Finance Committee, Ahmed Hama Rashid, confirmed on Saturday that Iraq is still in the red zone of danger due to low oil prices, calling for a speedy recovery.
Rashid said in a statement, which received / Mawazine News / a copy of it: "Today the price of oil has increased by about $ 1.50 and fifty cents, and the sale of Brent is at $ 34.72, which means that Iraq is selling oil at $ 7 compared to Brent, i.e. $ 27.72."
He added: "If we hit the full volume of the exported oil 3 million and 800 thousand barrels, then we get 32 trillion and 26 billion dinars, then we are still in the red zone of danger, and therefore we must remedy it quickly." LINK
Delta and KTFA Members Saturday PM 3-14-2020
KTFA:
DELTA: YES I AGREE WITH YOU........ALAQ..........IMO......HE IS GOING TO DO IT...WOW MORE CONFIRMATION ................
The Governor of the Central Bank, Ali Al-Alaq, revealed today, Saturday, that Iraq's external debts amount to about 23 billion dollars, while internal debts amount to about 40 trillion Iraqi dinars
Al-Alaq said in his study on "Reducing the Iraqi dinar exchange rate, determinants and alternatives," and published by the official website of the Central Bank, that "the external debt of Iraq is about 23 billion dollars, except for the outstanding debt before 2003 of $ 40.9 billion," noting that "the internal debt amounts to About 40 trillion dinars represent treasury transfers and debits with government banks and the Central Bank of Iraq.
MilitiaMan and KTFA Members Friday PM 3-13-2020
KTFA:
DELTA/ Samson: Reducing the Iraqi dinar exchange rate – determinants and alternatives
MilitiaMan: This is effectively the opposite of the plan. The why and why not to devalue. Imo!~
The Samson / Delta post in my view is telling us the CBI has explained they are not going to devalue for many reasons. The thing I like is that they use the reasons that support the opposite to occur.
They haven't come this far with the reforms to devalue. They are not of the mind at this juncture to hurt the citizens. That imo would be suicide.
They clearly see that revenues are in a pinch with oil down. Therefore, imo with out them saying as much they are saying with out saying they are going to raise the value.
The negative side of the equation, is devaluation, the positive side is revaluation, imo.. They have the money printed and ready to go, they have the tools in place to facilitate the transition.. imo.. ~ MM
KTFA Members "News and Views" Thursday PM 3-12-2020
.KTFA:
Samson: Former minister: Iraqi dinar on the way to "float"
11th March, 2020
The former minister, Amer Abdul-Jabbar, confirmed today, Wednesday, that the Iraqi dinar is on the way to floating, in light of the sharp decline in oil prices, while noting that employees should expect that during the coming days their salaries will be deducted.
"The continuation of monetary policies and the current government in the same contexts with the sharp decline in oil prices will be catastrophic, and the employee should expect to deduct his salary, perhaps for half, or exchange part of his salary every two months," noting that "the next stage may witness reduced employee salaries, deductions and taxes to reduce the budget deficit."
KTFA Members "News and Views" Wednesday PM 3-11-2020
.KTFA:
DELTA: FAMILY.........FROM SOCIAL MEDIA 15 MINUTES AGO
We call on the Iraqi Central Bank to be a plastic (polymer ) currency so that it is washable, sterilized and resistant to damage.
We hope that any new printing of the currency will be of this quality and be replaced over time
Frank26 Videos and Walkingstick Late Tuesday Night 3-10-2020
.KTFA:
Walkingstick: Br..... rock---- > hard place
The financial economic catastrophe is coming to Iraq as soon as we imagined
3/10/2020 6:20:40 PM Baghdad / Obelisk:
Dr.. Thaer al-Fili
The financial economic catastrophe is coming to Iraq as soon as we imagined.
And it started today: with a decrease in the Brent mix (Brent oil), which is the global measure of the price of oil, it began today at $ 32 per barrel (after what was before the spread of the Crohn’s virus at $ 62) ((The cost of our production in Iraq is now $ 12 per barrel) means our net resources decreased from ($ 50 per barrel - $ 20 per barrel.) Meaning that the annual budget resources decreased from ((80 billion dollars - to 32 billion dollars only), meaning that the annual budget deficit will rise to more than 60% .
Frank, Walkingstick and KTFA Members Tuesday PM 3-10-2020
.KTFA:
Don961: In numbers, experts are thinking about the fiscal deficit: Iraq needs $ 70 billion .. What is the solution?
2020-03-09 Follow-up Yassin Iraq:
Iraq entered its rentier economy, on the line of the crisis between the oil giants Russia and Saudi Arabia, after the latter's insistence to flood the market with oil, contrary to the agreement of the Organization of Petroleum Exporters "OPEC".
Economists agree that the collapse of oil prices in urgent contracts, today, Monday, will place Baghdad in front of very difficult options, and perhaps resort to strategic cash reserves. LINK