Saturday Night Frank26 Q&A and KTFA Members News 4-4-2020
.KTFA:
Don961: The Finance Committee comments on the central bank’s decision to stop the flow of the dollar
Politics 04/2020 17:34 3323 Baghdad today _ Baghdad
The Finance Committee commented, on Friday, on the Central Bank’s decision to stop the dollar from flowing into the market with the aim of floating the dinar and reducing its value, in order to fill part of the budget deficit and the needs of the government.
The committee’s rapporteur, Ahmed Al-Saffar, said in an interview with (Baghdad Today) that “reading the intention of the central bank to stop the flow of the dollar and floating the dinar to fill part of the state’s budget deficit is impossible, but it may be in harmony with the current situation to compensate for the shortfall in oil revenues” .
KTFA Members "News and Views" Friday 4-3-2020
KTFA:
Samson: TRADE BANK OF IRAQ
2nd April, 2020 Translation.....
As per the instructions of the Central Bank of Iraq, go to the use of electronic payment tools in financial transactions and avoid dealing in cash in order to preserve public health.
The management of the Iraqi Trade Bank decided, or that the commissions be smaller for the citizen and the merchant when using the bank cards through all point of sale (POS) devices in all the commercial centers in support of the current stage. LINK
KTFA Members "News and Views" Thursday 4-2-2020
.KTFA:
DELTA: THANK YOU DON MY BROTHER ....CBI MIGHT OPEN FOR BUSINESS ON 04/05
Don961: Central Bank: We will continue to auction the currency to support trade and import food
2020-04-01 Follow Iraq:
Today, Wednesday, the Central Bank of Iraq called private banks and exchange firms to take a responsible role in light of the current stage, indicating its continued monetary and financial policy.
A statement seen by Yassin Iraq said, "The efforts of the various institutions in our country to fight the Corona epidemic and get out peacefully from this crisis join together," calling on "banks, exchange companies and electronic payment companies to take their responsible role at this stage."
Delta and KTFA Members Wednesday PM 4-1-2020
.KTFA:
DELTA: FROM SOCIAL MEDIA FAMILY... .... The problem is big and obviously the central inability to pump amounts as it was in the past to pressure the price where the holidays were open and pumped because he was able but now what is pumping the monthly imports of the country concludes by 5 days if it is pumping at the same old level...
YESTERDAY IN ERBIL.... SHOP OWNERS THEY ARE NOT TAKING DOLLARS... ONLY DINARS
All the exchange and prices of the dollar are unrealistic, better to wait until the stock exchange OPEN officially there is no point in buying now. Even banks will open credits and external transfers very soon. And it's been instructed.
Walkingstick, Frank and MilitiaMan Tuesday PM 3-31-2020
.KTFA:
Walkingstick: F.. this one......
Is Iraq resorting to printing currency to overcome its financial crisis?
Adel Fakher - Baghdad
The appearance of Muhammed Salih, advisor to the Iraqi Prime Minister, confirmed that the options to face the financial situation are heading towards pressure of expenditures, and that the issue of printing the currency is merely a proposal that is not consistent with the Central Bank Law, which confirms that the printing of banknotes is aroutine technicalprocedure practiced by the bank according to the requirements of cash circulation, and that the printing process Completely separate from the cash issue process.
MilitiaMan, Lynette Zang and more Tuesday Afternoon 3-31-2020
.KTFA:
Walkingstick: ftti... note fed, fima move..
MilitiaMan: Thank you sir for the heads up.. I see that there are articles that talk of hedging oil contracts, liquidity, long/short trading, secondary markets, bonds and now FIMA. Getting interesting now with all the pressure! Oil prices low, customs and taxes at Iraqs borders in question, virus, sanctions looming for Iraq and pressure to not use Iran electricity, etc.. Looking like Iraq is in a "c.y.a" mode.. Just as the FED is now... imo ~ MM
Federal Reserve announces establishment of a temporary FIMA Repo Facility to help support the smooth functioning of financial markets
March 31, 2020 For release at 8:30 a.m. EDT
KTFA Monday Night CC Replay and News 3-31-2020
.KTFA:
Don961: Report: Corona crisis is the last straw in the coffin of the political system in Iraq
2020-03-30 10:11:45
The Wall Street Journal said the Coruna Storm could be the last straw in the coffin of the political system in Iraq, with the government failing to contain diminishing oil revenues, deteriorating services, and disrupting public life.
The newspaper stated that the Iraqi state institutions are already collapsing due to the drop in oil prices, the collapse of health infrastructure and the state of geopolitical chaos in light of the exchange of threats between Washington and Tehran, attributing this to the rampant corruption that dominated the political system in 2003.
MilitiaMan and KTFA Members Sunday Night 3-29-2020
.KTFA:
Samson: Sulaymaniyah takes measures for banks before proceeding to pay employee salaries
28th March, 2020
Health authorities in the Sulaymaniyah governorate launched a campaign to sterilize banks, on Saturday, in preparation for distributing the salaries of employees.
A spokesman for the Sulaymaniyah Health Department, Yad Naqshbandi, told Shafaq News, "The Provincial Health Department will begin today to sterilize and purify the banks in Sulaymaniyah in preparation for the distribution of employee salaries."
KTFA Members "Sunday News" 3-29-2020
.KTFA:
Don961: Benefiting from the crisis ... Is the digital dollar kicking off in the Corona era?
March 28, 2020 11:36 PM Mubasher - Ahmed Shawky :
The American administration intends to send checks to citizens within weeks as part of a stimulus package to address the economic consequences of the spread of Corona
But lawmakers have not said anything about what millions of people without bank accounts will do with these checks once they receive them
Writer Morgan Risks answers in an analytical view through Bloomberg Openion that people without American bank accounts will visit the checkout outlets and similar financial companies, as converting the checks into cash will cost up to 3.5 percent of the face value - money that they can Use it to meet the urgent need
Frank26 and KTFA Members Saturday Night 3-28-2020
.KTFA:
Don961: On the threshold of the crisis ... conflicting statements in the Prime Minister's Office regarding the issue of financing employee salaries by printing currency
2020-03-28
Yassin Iraq: Baghdad
The issue of printing the Iraqi currency to finance the state budget, which the follow-up cell in the Prime Minister’s Office stated, has caused a great deal of social and economic circles, as Article 26 of the Iraqi Central Bank Law prohibits printing the Iraqi currency, while the economic advisor to the Prime Minister sees the appearance of Muhammad Saleh, The topic is just a suggestion.
Printed currency
The Follow-up Cell revealed, in the Prime Minister’s Office, that the government will be able to distribute the salaries of the current month of March, while it will resort to some solutions to ensure the provision of salaries next month. ), She explained that the salaries of employees amount to 3 billion and a half per month, which may push Iraq to print the currency as a last option, "as the state of the state will be affected starting from next month."
KTFA Members "Saturday News" 3-28-2020
.KTFA:
Samson: The most famous people in the world with Corona
03/27/2020 19:15:03
British Prime Minister Boris Johnson, whose test result was positive, has become a positive figure among the world's well-known people infected with the emerging coronavirus.
Where many of the famous political, sports and art celebrities have previously attacked the virus and caused the death of some of them, as follows: