MilitiaMan and KTFA Members Sunday PM "We are Watching the MR Process" 4-12-2020
.KTFA:
GodLover: So it was stated on the Q & A last night ………. "POMPEO SAID YOU HAVE UNTIL 5/1 FOR THE REFORMS" Was there an article or something being referenced?
Clare: PLEASE REMEMBER ..FRANK STATES OVER & OVER AGAIN...ALL HE GIVES US IS "IN HIS OPINION"
FRANK GIVES US INTEL(VIA TEAMS), ARTICLES & HIS OPINION... IT IS HIS PREROGATIVE TO DO SO.... NOT EVERYTHING IS DOCUMENTED….
JUST LIKE WHEN OPINIONS ARE STATED ON THE FORUM... AS LONG AS "IMO" IS POSTED IT IS FINE, EVEN WITHOUT AN ARTICLE...
SO WHY DID FRANK STATE IT..BECAUSE IT IS SOMETHING HE WANTED US TO KNOW ABOUT OUR STUDY... AND THERE WERE MANY ARTICLES OF POMPEO COMMUNICATING WITH THEM THIS PAST WEEK.. IMO
KTFA:
GodLover: So it was stated on the Q & A last night ………. "POMPEO SAID YOU HAVE UNTIL 5/1 FOR THE REFORMS" Was there an article or something being referenced?
Clare: PLEASE REMEMBER ..FRANK STATES OVER & OVER AGAIN...ALL HE GIVES US IS "IN HIS OPINION"
FRANK GIVES US INTEL(VIA TEAMS), ARTICLES & HIS OPINION... IT IS HIS PREROGATIVE TO DO SO.... NOT EVERYTHING IS DOCUMENTED….
JUST LIKE WHEN OPINIONS ARE STATED ON THE FORUM... AS LONG AS "IMO" IS POSTED IT IS FINE, EVEN WITHOUT AN ARTICLE...
SO WHY DID FRANK STATE IT..BECAUSE IT IS SOMETHING HE WANTED US TO KNOW ABOUT OUR STUDY... AND THERE WERE MANY ARTICLES OF POMPEO COMMUNICATING WITH THEM THIS PAST WEEK.. IMO
Samson: The Minister of Finance confirms the possibility of zeroing customs duties on medical devices and supplies
12th April, 2020
Deputy Prime Minister and Minister of Finance Fuad Hussein confirmed, on Sunday, the possibility of including sterilization materials, devices and medical supplies and all that relates to anti-virus materials that are imported by the private sector, with the zeroing of customs duties imposed on them.
Hussein's office said in a statement received by / Mawazine News / a copy of it, "The latter participated in a meeting through closed-circuit television. The meeting was attended by the Minister of Health and the advanced staff of the ministry and representatives of the World Health and the World Bank and the International Monetary Fund and the British embassy and the Ambassador of the United States of America in Baghdad".
The statement added, "The Minister of Health gave an explanation at the beginning of the general health situation, the number of injuries, the impact of the curfew in preventing disease, and the financial situation was discussed, and how to increase financial support to the Ministry of Health and the crisis cell. Fouad Hussein highlighted the general financial situation and emphasized The Ministry of Finance will continue to support the activities and work of the Ministry of Health and the crisis cell in this area." Hussein pointed out, "The possibility of studying the coverage of sterilization materials, devices and medical supplies and all that relates to anti-virus materials imported from the private sector by corona, by yellowing the customs duties imposed on them."
The representative of the World Bank touched on the contacts and dialogues that took place between the representatives of the bank and the Iraqi Ministry of Finance and stressed the support of Iraq in this difficult stage. Another group of topics related to reforms has been raised in the future economic situation, and how to work jointly with international financial institutions, according to the statement. LINK
MilitiaMan: The data in this is not to be lost on anyone, imo. Look who as at the meeting and why, for medical and supplies?
Well read along closely and look at the topics related to reforms.
Lets recall post 93 in that there has been no cash sales at the auctions today. Let alone for three weeks now. Then think about post 149 suggesting that they cannot pay salaries for the month of May.
They tell us above per Faud Hussien who is the Finance Minister (per BBs), is highlighting the general financial situation in Iraq.. The World Bank, IMF, British Embassy and the United States of America are talking about not just medical devices and supplies.. They are talking about money! INTERNATIONAL FINANCIAL INSTITUTIONS... They all have dinar, imo.. They all have an interest in Iraq for to facilitate trade and usher in the RI.. imo..
Just look at who is there and why now? Is this too, about WAR reparations? Sure looks that way.. The UST and UK have a lot at stake in this.. We have seen STIMULUS PACKAGES are AT RECORD highs in both countries.. ... Just in my opinion of course.. lol ~ MM
Cleitus: Great points you bring up, MM. Why would these heavy of the heaviest hitters congregate just to discuss, "zeroing custom duties on medical devices and supplies?" This is something that can be done internally within the "GOI" and logic would say it's a no brainer!
No..., this is way beyond that! They are talking, IMO, exactly what MM has brought up. Fits right in with everything we have studied and continue to study. This is the "agenda" quickly moving forward.
Thank you MM!
MilitiaMan: Your very welcome! This is a story of a larger issue by far
We are watching the MR (monetary reform) process fill in for the whole world.
The FIMA and Currency Manipulation Rule / Law take shape. Those two items have direct and indirect relation to the Iraq Monetary Reform's.... Again, as for the 0 cash sales in the auctions and the reduction of liquidity requirements prove that they CBI imo is in alignment with the Central Banks of the world in creating an smooth transition for the country to be reborn again.
The lack of cash sales is reflected in the diminished cash reserve requirements and less fees on transactions. Iraq will be a conduit into the future financial world and by zeroing out customs duties on medical devices and supplies is merely part of the story..
They clearly tell us there is more to the meeting than just medical supplies.. We are in a very special place this Easter Day!! Thank God!!! ~ MM
RealtorMC: What is the significance of NO CASH SALES in the currency auctions?
BillA: This is strictly in my opinion only.........Cash cannot easily be tracked. So when the CBI sells USD through their currency window, that money/cash can just about go anywhere to support theft, terrorism, drug trafficking, human trafficking etc.. It has been well reported that most of the currency (in USD) sold at the currency auction was sent to iran to fund their dastardly deeds. By stopping the currency auction it also allows Iraq to maintain a certain amount of USD in their currency reserves to support the NEW value of the IQD.
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Samson: Today ... a virtual emergency meeting for OPEC and its allies
12th April, 2020
Six sources in "OPEC" said that the organization and its allies will hold a virtual meeting, on Sunday evening, in an effort to implement a global agreement to reduce oil supplies.
The sources in the Organization of Petroleum Exporting Countries said that the conference will be held at 16:00 GMT. OPEC, Russia and other allies in the group called "OPEC +" announced plans on Thursday to cut production by more than one-fifth in order to support prices that have fallen due to the Corona crisis.
It was agreed to cut production by about 10 million barrels per day in May and June, but Mexico has expanded the production cuts requested from it, which hindered the signing of a final agreement, according to Reuters. And Mexico announced, on Friday, that it had reached an agreement with the United States, allowing it to agree to an agreement on reducing production with "OPEC", Russia and other countries. He said Mexico President Andres Manuel Lopez Obrador, he agreed with his US counterpart Donald Trump, that the United States compensate what Mexico can not add to the proposed reduction during the "OPEC" talks.
He added that he spoke with Trump on Thursday, and the two agreed that Mexico would cut oil production by 100,000 barrels per day, and the United States would add a reduction of 250,000 barrels per day, as already agreed. It is noteworthy that Mexico has refused to cut 400 thousand barrels per day, according to what the Associated Press reported.
Frank26 Q&A and KTFA News Saturday Night 4-11-2020
.KTFA:
Samson: Canada: The G20 agreed on the necessity of stabilizing oil prices
08:37 - 11/04/2020
Canadian Minister of Natural Resources Seamus Origan announced that the G20 countries, including Russia and Saudi Arabia, have agreed on the necessity of stable oil prices.
In the wake of the ministerial meeting of the twenty countries to discuss measures to achieve stability in the oil market, the minister revealed that the parties concerned agreed to form a working group to follow up on collective efforts to deal with oil issues.
KTFA:
Samson: Canada: The G20 agreed on the necessity of stabilizing oil prices
08:37 - 11/04/2020
Canadian Minister of Natural Resources Seamus Origan announced that the G20 countries, including Russia and Saudi Arabia, have agreed on the necessity of stable oil prices.
In the wake of the ministerial meeting of the twenty countries to discuss measures to achieve stability in the oil market, the minister revealed that the parties concerned agreed to form a working group to follow up on collective efforts to deal with oil issues.
He said that the "twenty" countries "have not yet reached what we want," noting that there is still a lot of work before the countries, but they made a "great step forward" during today's meeting.
He added that no "numbers" were discussed with regard to reducing oil production, and he declined to talk about whether countries planned to take any additional steps to reduce production at a later time.
This comes a day after OPEC + countries reached understandings to reduce oil production by 10 million barrels from May 1 and for a period of two months. LINK
Samson: The Washington Post: America has done the Patriot in Iraq
11:04 - 11/04/2020
The Washington Post, on Saturday, revealed that the United States has done the Patriot defensive systems in Iraq.
The newspaper said, "Patriot defensive systems have been activated in Iraq to protect US forces with the bases that have been attacked."
While officials confirmed in an interview with the Associated Press, that the Patriot missile systems and two other short-range missile systems were deployed at Ein al-Assad base, which was hit by a missile strike last January, as well as at the military base in Arbil.
The officials, who asked not to be named, revealed that "the United States has been working to transport missiles to Iraq in recent months to provide protection for the forces present at its bases there." LINK
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Samson: Mr. Sistani sets the rule for fasting Ramadan in light of the spread of Corona
11:12 - 11/04/2020
The religious authority, Sayyid Ali Sistani, answered, on Saturday, a referendum on fasting the month of Ramadan this year after the spread of the Corona virus in the world.
The following is the text of the referendum and the answer:
Office of His Eminence, the supreme religious authority, Mr. Ali Al-Sistani, as long as his peace, mercy and blessings be upon you
Because the lack of water in the body reduces its immunity, and the dryness of the throat, if the virus has reached it, gives him the opportunity to move to the respiratory system, while drinking water helps to bring it down to the stomach and eliminate it in it. Is the fasting of the month of Ramadan for Muslims in this year falling for this reason?
In the name of God, the Most Gracious, the Most Merciful. As for what was mentioned that doctors recommend drinking water in close periods to avoid the lack of water in the body and the dryness of the throat - because they raise the possibility of infection with the Corona virus - it does not prevent the necessity of fasting except for those who have reached it, so he is afraid of catching the disease if he fasts He found no way to reduce the likelihood that fear would not be true to him - even if he stayed at home and taken all other precautionary means - and others must fast.
The obligation to fast the month of Ramadan is an individual assignment. Every person who fulfills the conditions of obligation is obliged to fast, regardless of whether or not it is obligatory for others.
If the coming month of Ramadan comes to a Muslim and he fears that he will develop corona, if he fasts, and if he takes all precautionary measures, his obligation is waived for each day, and he fears that if he fasts he will get sick. And if it can weaken the degree of probability of injury so that it becomes what is not considered by the wise people - even by staying at home and not mixing with others closely, using the muzzle, medical paws, and the constant sterilization care, and so on - and he did not have an extreme embarrassment that he usually did not bear, and it was not obligatory. Fasting.
Note that it is possible to avoid a lack of water in the body in the event of fasting by eating vegetables and fruits rich in water such as cucumbers and watermelons before dawn, as well as drying the throat by chewing sugar-free chewing gum - provided that its parts in the mouth are not crumbling and descending into the hollow - then chewing gum leads To increase the secretion of saliva in the mouth and do not mind swallowing in case of fasting.
Thus, it appears that those who can leave work during the month of Ramadan and stay at home so that they are safe from the disease do not lose their obligation to fast, and for those who cannot afford to leave their jobs - for any reason - if they are afraid of contracting the virus while leaving drinking water at close intervals during the day and they cannot To take another measure that they would be safe from, and they did not have to fast, even if it was not permissible for them to profess to break the fast in public.
It is well known that fasting the month of Ramadan is one of the most important legal duties, and it is not permissible to leave it except for a real excuse, and every person knows about his condition that he has a real excuse to leave fasting or not. LINK
Don961: Corona positives .. Is the world turning towards digital payments?
April 11, 2020 4:30 PM
Direct - Ahmed Shawky :
While the Chinese authorities have disposed of banknotes that are potentially loaded with Corona virus, Western countries are still not only late in their response to the epidemic, but also in adopting digital payments
One of the positive aspects of the crisis in the spread of the Coruna virus is that this may soon change and Western countries depend on digital payments, according to an analysis of three economists at Harvard University and Deutsche Bank via Project Syndicate
Given that manual exchange of the physical currency can transmit the Corona virus, countries around the world are forced to reconsider the use of cash
Indeed, Covid 19 may turn into the catalyst that makes digital payment the trend, and it is not surprising that the digital payments industry is already focusing on the opportunities created by the crisis
For its part, the Chinese government has started to cleanse and even destroy banknotes to reduce the spread of the virus, at least in the short term
For example, the South Qianya Morning Post reported that a local branch of the People's Bank of China in Guangdong Province is disposing of funds that may have been traded through high-risk locations such as hospitals and food markets
Also, fearing importing currencies that might be loaded with the virus from Asia, the Federal Reserve began quarantining and clearing the dollar
These measures may be justified, keeping in mind that the currency in circulation can be vulnerable to disease transmission
Studies have found that the influenza virus, for example, can survive and contagious on banknotes for 17 days, so it would not be unreasonable to assume that the circulating currency played a role in the spread of corona as well
In any case, many countries will consider the option of purifying, isolating and reprinting the currency, and regardless of what they decide, one of the results seems already certain: the virus will accelerate the ongoing shift between the younger population towards digital payments, especially in Asia, specifically in China
This trend is really strong as, as of the end of 2018, around 73 percent of Internet users in China used online payment services, compared to 18 percent in 2008
Young people tend to be more open to adopting new technologies, and China and Southeast Asian countries have a much smaller population than Europe and the United States
Moreover, the Chinese government is actively promoting its online banking infrastructure, while western countries rarely use a top-down approach to governance, lagging behind Asian economies in adopting digital payments
There are internal and structural reasons for the slow rate of adoption by Western countries of digital payments. For example, there are no major technical or financial companies operating in this sector in Europe
As such, European consumers and companies must rely on the services provided by large American companies (Apple Pay, Google Pay, and Paypal) etc
But given fears about ceding vital sectors in the digital economy to US tech giants, the European Union has taken a slower and more cautious approach, favoring those less turbulent changes to European financial transactions infrastructure
Cultural customs have also slowed the pace of change in the West. Americans and Western European citizens in particular rely on cash much more than households in Asia
According to a recent Deutsche Bank survey, a third of respondents to advanced economies consider that cash is their preferred method of payment, and more than half believe that cash will always exist, so it may take some time for these culturally entrenched habits to change without risking negative reactions
However, the widespread spread of the Corona virus may push the world towards a turning point in how it handles payments
It is too early to predict changes that may occur, but they are likely to emerge as solutions to specific challenges in different national contexts, payment infrastructures, and demographic groups
Digital currency versions, such as the electronic krona that Sweden recently announced, are promising examples of what could be planned for the future
In addition to the influence of Covid19 and the increasing acceptance of non-cash payments in stores, there are other reasons why people want to switch to digital payments. A Deutsche Bank survey found that ease plays an important role in a person’s choice of digital transmission. Digital portfolios are free and readily available
The use of digital technology can also help track spending and manage budgets, and in terms of security, the transition without cash reduces the chances of being stolen physically
Certainly, the current crisis has not yet pushed many countries other than China to purify, isolate and reprint their currencies, but Corona could turn into a one-time-one pandemic that requires different solutions as well
So the current period is a clear opportunity to start accelerating the inevitable shift towards digital payments link
Clare: Coronavirus Can't Hold These WWII Vets Down
Once a fighter, always a fighter.
That couldn't be more true for two Oregon veterans who collectively survived World War II, the Great Depression, the Spanish Flu epidemic … and now COVID-19.
The virus has inundated U.S. hospitals and health care facilities over the past month. As of April 7, more than 374,000 cases have been diagnosed in the U.S., culminating in more than 12,000 deaths reported. And experts say it may still get worse before it gets better.
But just looking to 95-year-old Bill Kelly and 104-year-old William Lapschies can give us all hope. These World War II veterans got the virus and have since recovered – a huge feat because the elderly with underlying health conditions have been a hard-hit age group.
We wanted to know more about their service and recoveries, so we linked up with their families to get the details.
Click the link for the whole article..
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Frank26: 4-11-2020. Q & A
This video is in Franks opinions
MilitiaMan and KTFA Members Saturday 4-11-2020 "This is Looking Sweet Indeed"
.KTFA:
MilitiaMan: On Thursday they "ZEROED THE CUSTOMS DUTIES". So customs now being ELECTRONIC and having Zeroed them out, would that not suggest they are ushering in the new dinar, as once they've zeroed out the old, they electronically can, will or have had calibrated the electronic system for the new changes necessary for to bring in the new dinar?
It sure looks like it. Don't forget that the FIMA started last Monday, as did the Currency Manipulation Rule / Law has come into effect.
Whereas, the CBs globally now have the mechanism in place to move USD assets around in a smooth manner to counter any liquidity issues, just as page 1 post 5 points out. Iraq is part of that facility the UST has put in place. This is looking very sweet indeed imo.. ~
EASTER, may in fact usher in more than we ever imagined?.. imo yep, but we shall see. ~ MM
KTFA:
MilitiaMan: On Thursday they "ZEROED THE CUSTOMS DUTIES". So customs now being ELECTRONIC and having Zeroed them out, would that not suggest they are ushering in the new dinar, as once they've zeroed out the old, they electronically can, will or have had calibrated the electronic system for the new changes necessary for to bring in the new dinar?
It sure looks like it. Don't forget that the FIMA started last Monday, as did the Currency Manipulation Rule / Law has come into effect.
Whereas, the CBs globally now have the mechanism in place to move USD assets around in a smooth manner to counter any liquidity issues, just as page 1 post 5 points out. Iraq is part of that facility the UST has put in place. This is looking very sweet indeed imo.. ~
EASTER, may in fact usher in more than we ever imagined?.. imo yep, but we shall see. ~ MM
Samson: Planning unveils a package of measures to support the private sector
10th April, 2020
On Friday, Minister of Planning Nuri Sabah Al-Dulaimi announced the issuance of a number of decisions and a package of measures to support and empower the private sector and enhance its active roles in facing the consequences of the Corona virus and the decline in oil prices
Al-Dulaimi said in a statement reported by the official news agency "conscious" and reviewed by "Al-Iqtisad News", "customs duties were zeroed, and the facilities granted by the Central Bank of Iraq related to the strengthening of balances, facilitating the import of vital goods and commodities on the food and medical sides, and reduced the opening credits for materials approved by the Iraqi Supreme Committee for Health and Safety to combat the Corona Virus pandemic, 50% Trade Bank
Al-Dulaimi pointed out that "recent decisions taken by the Supreme Committee for National Health and Safety, including launching all exemptions to facilitate procedures for entering goods, including ration card items and dry legumes of all kinds, dried milk and dry pastries, devices, medical supplies and materials needed to combat the spread of the virus, which are done Imported by the private sector
He stressed, "Continuing the joint efforts of the Central Agency for Standardization and Quality Control teams with the Border Ports Authority and all relevant authorities to ensure the safety of imported materials and their conformity with specifications," pointing to "directives issued to commercial attachés and all Iraqi embassies in the exporting countries to carry out assistance to importers and accomplish shipping requirements through messages Electronic system to ensure the speedy arrival of imported goods LINK
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MilitiaMan: Also, note the mechanism of the central bank's acceptance of "Treasury Transfers".. I. E., Bonds denominated in dollars. In exchange of the issued cash.. I.e., three zeros notes. imo The NSCNs are not yet issued to the public. Those bonds (if I read Treasury transfers correctly) will create foreign reserves and stimulate internal public debt while they create demand for the new dinar currency. As I have said earlier, that the video about Iraqi's Fortune Management is clearly a success and geared for it too. ~ MM
"The performance meet the expectation including reforming the CBI functions and the stimulation to the Iraq economy. Also, insuring the stability of the exchange rate and keeping the reserves at acceptable level."~ Alak
Saturday 11 April 2020
Dr. Appearance of Mohamed Saleh
"When the government or the public finances ultimately resort to the central bank as the currency issuing bank, in order to finance the budget deficit in the inflationary cash instrument, this comes mostly through the mechanism of the central bank’s acceptance of treasury transfers as a tool to finance internal public debt in exchange for the issued cash, and the case will continue if the matter begins. Until the foreign reserve of the central bank is worn out due to the increasing demand in the new dinar for the old dollar (i.e. accumulated foreign reserves), which at the same time represents a derivative demand for foreign goods, services and benefits, especially when the domestic productive energy functions are a situation Of Flexibility." ~ CBI
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Clare: WALKINGSTICK TOLD US OVER, A YEAR & A HALF AGO...THE CBI WOULD EXPLAIN TO THE CITIZENS, THE HISTORY OF THEIR CURRENCY & WHY THE CHANGES TO THEIR CURRENCY ARE GOING TO TAKE PLACE PRIOR TO THE CHANGE.... PLEASE MAKE SURE YOU WATCH THE VIDEO FROM THE CBI IN POST #135.....EVERYTHING WALKINGSTICK & FRANK, TOLD US WOULD BE TAKING PLACE IS HAPPENING RIGHT BEFORE OUR EYES! IMO
Samson: (post 135) Watch ... the story of the Iraqi currency in a documentary
4/10/2020 16:40:25
The Central Bank of Iraq published a documentary film of its production on the history and story of the Iraqi currency.
The film shifts lists the Iraqi economy and the conditions of emancipation from the Ottoman lira and the pound sterling, through the formation of what formerly was known as the Committee of the Iraqi currency, which later became the National Bank of Iraq, and then to the Central Bank of Iraq Foundation.
To watch the movie subtitled in English .. Click here LINK
ChrisC: I just watched the video on the dinar and it is pretty evident based on the themes they were projecting that they are getting ready to do something that will appear bold and powerful. They went to lengths to show how they stood up to the main power in the region to become independent and how, even during the US invasion, they protected the assets of the people and made sure they were safe. They wanted the people to see their strength and loyalty to the country of Iraq for a reason, and IMO, that would be a currency change.
Iggy: I bought a really nice pen today. I can write underwater, upside-down, sideways, and many other fancy words.
AgentSnowball: America spent a lot of money developing a special pen that would operate in zero-gravity (space). The Russians just used a pencil.
Iggy: Question: How many apples grow on a tree?
Answer: All of them
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Samson: Al-Attar: In light of the Corona crisis, banks must start with "block chain" technology
11th April, 2020
Called for a member of the Council for Economic Ghadir Attar, Saturday, to the importance of the digital exchange of banking in light of the crisis and beyond, stressing the importance of the transfer of funds digitally Nada land without resorting to traffic banks."
Said Attar , in a statement received / scales News / copy of it “It is important to establish (I know your customer) electronic platform that adopts blockchain technology which is known in Arabic as“ block chain ”is the data that is stored and preserved through a decentralized network of computers.”
Al-Attar added: “This facilitates Technology for corporate customers to open financial accounts and enhance recognition capabilities The customer is assisted by the banks, and this will help to enhance the banking experience of the customers and facilitate the organizational processes associated with them through the use of technologies called "Block Chain".
Al-Attar indicated that "this matter contributes to establishing a new global standard in banking service technology inside Iraq." LINK
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Don961: Cash Edition
Saturday 11 April 2020 Dr. Appearance of Mohamed Saleh
When the government or the public finances ultimately resort to the central bank as the currency issuing bank, in order to finance the budget deficit in the inflationary cash instrument, this comes mostly through the mechanism of the central bank’s acceptance of treasury transfers as a tool to finance internal public debt in exchange for the issued cash, and the case will continue if the matter begins.
Until the foreign reserve of the central bank is worn out due to the increasing demand in the new dinar for the old dollar (i.e. accumulated foreign reserves), which at the same time represents a derivative demand for foreign goods, services and benefits, especially when the domestic productive energy functions are a situation Of Flexibility.
Then the country will enter into the swirls of inflationary expectations and the turbulence of the functions of demand itself and turn them into high levels due to a high commodity demand surplus in front of scarcity of supply or its failure to meet demand or total spending, especially when commodity stocks are depleted and its compensation is reduced by passing Time.
And this happens in the same way as what happened after 1990, even if it was partially caused by severe inflationary phenomena represented in the deterioration of the value of the currency to three decimal places and the low standard of living together.
Therefore, relying on the idea of issuing cash as an alternative financing method for real oil revenues to cover the government's financial deficit requires a serious decision taken by the Council of Ministers and Representatives and the conviction of the monetary authority, starting with the fact that it requires amending Article 26 of the Central Bank Law No. 56 of 2004 which explicitly provides for the prohibition of government lending, that What follows, as we mentioned, is a deterioration in the value of the currency, especially when over-funding government expenditures through this easy money method, whether in financing the revenue deficit or deficit Government expenditure. link
DELTA: GREAT JOB MY BROTHER JUST AMAZING ....
KTFA Members "News and Views" Friday 4-10-2020
.KTFA:
Aaron: I'd like to post a possible (IMO) definition of Kim Clement's famous words...
Abdul-Mahdi --- NOTHING
(MTA) Allawi --- NOTHING
Al-Zarfi --------- NOTHING
Al-Kazemi ------ SUDDENLY
And then a scenerio that would be awesome...
Wait, RAMADAN 2020 is scheduled for April 23 thru May 23
(That starts in just 2 weeks from today)
But what do I know other than wishful thinking...
KTFA:
Aaron: I'd like to post a possible (IMO) definition of Kim Clement's famous words...
Abdul-Mahdi --- NOTHING
(MTA) Allawi --- NOTHING
Al-Zarfi --------- NOTHING
Al-Kazemi ------ SUDDENLY
And then a scenerio that would be awesome...
Wait, RAMADAN 2020 is scheduled for April 23 thru May 23
(That starts in just 2 weeks from today)
But what do I know other than wishful thinking...
Samson: Three files await Al-Kazemi and suggestions that his government will pass within two weeks
9th April, 2020
Is the third taxpayer in a period of 100 days and political blocs rejected it and announced its support for it.?"
This morning, President of the Republic, Barham Salih, commissioned Mustafa Al-Kazemi to form the government after the withdrawal of the former commissioner, Adnan Al-Zorfi. And regarding the period that Al-Kazemi needs to form his government, political sources say in an interview with / Mawazine News / that "Al-Kazemi worked during the past days to make contacts with various political blocs, to agree on the shape of the new government." She added, "Al-Kazemi has a team to negotiate with the blocs on the government program and the cabinet, and according to expectations, over a period of two weeks, his cabinet will be passed."
In this regard, the deputy from the Al-Fateh Alliance Fadel Al-Fatlawi says, "Political consensus will enable Al-Kazimi to form his government as soon as possible. Political consensus will facilitate his mission." And on the most prominent files facing Al-Kazemi to solve them, Al-Fatlawi explained, “Al-Kazemi has many important and outstanding issues ahead of which are the budget, the Corona epidemic, and the drop in oil prices.”
To that, political analyst Wathiq al-Hashemi said, "Al-Kazimi's chances are strong to form his government in light of an Iranian-American agreement on him, in addition to the agreement of 7 Shiite parties to assign him." Al-Hashemi added, "Al-Kazemi will complete the necessary procedures and approvals to start his duties today, Thursday or Friday, Friday." LINK
Purifiers: I FIND THIS QUITE INTRIGUING AARON, THANK YOU SIR...
Samson: Al-Kazemi: I will form a government that serves the people with deeds, not words
22:38 - 09/04/2020
On Thursday, Prime Minister-designate Mustafa Al-Kazemi confirmed that he would form a government that serves the people with deeds, not words, and that he will not allow any Iraqi to be insulted, whether internal or external.
Al-Kazimi said in a speech that I followed (information): "We will not allow insulting any Iraqi from any internal or external party, and my government will be the first line of defense to defend the Iraqis, and we will not allow any Iraqi to be insulted by external or internal forces."
He added: "Fighting corruption is a national task, and my cabin will be a government that serves the people with deeds, not words. We will also support health personnel and those affected by the curfew imposed because of Corona."
He stressed: "The sovereignty of Iraq will not be a controversial issue and the decision of Iraq is in the hands of its sons. We will work according to the principle of our national sovereignty first, and our relationship with the countries of the region and the world must be based on mutual respect."
And between: "I will submit my cabinet cabinet as soon as possible, and my government will not be isolated and the government will not be closed rooms. We will make all efforts against Corona, support those affected by the curfew and health personnel, and we will provide the necessary budgets to protect public health."
He explained: "The army, the popular crowd, and the Peshmerga forces will work to confine arms to the state, and we are the servants of the people only, and the Iraqi is not an agent or an accessory."
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Barney: I've been reading a lot of post and I guess no one realizes who Al Kazemi is or someone would've correctly stated it.
Al Kazemi was head of intelligence under Abadi along with working with the US in the fight against Isis. When Mahdi became PM he fired him! His firing was one of the main reasons for the PROTEST!
He was one of the 4 who was presented by the protesters to replace Mahdi at the very beginning along with Shabbi and 2 others. He was the protesters first choice and has always been. He never harmed any of the Sunni Kurdish or Shiite people they love him. He loves his country and has seen all the corrupt, killers and thieves inside and out of the government.
He was rejected by Ameri/Fateh and the militia blocs immediately along with the 3 others selections of the protesters.
Its only because the president of Iraq Seleh rejected all the corrupt selections of Fateh alliance and then installing Zarfi that now Fateh alliance has embraced him as their selection. You can't make this up!
Notice he's said Nothing about early elections yet? He's the people's choice! Why have early elections if you got your man? Maybe later he does will see, like Trump always says will see....
IMO none of these picks have worked out because all of these picks wouldn't have made the STREET/Protesters happy and safe until now! IMO if all the other candidates were picked the killing from the militias would've continued. Have you noticed all blocs are behind him?
Did our president pick the other failed candidates? Did our president get it wrong? IMO Of coarse not he continues to say let the people decide as he does in our country.
He even shows that by constantly saying I'll leave that up to the states. The credit for standing up to the militias and Iran goes to president Seleh. Our president likes Seleh and so does Secretary of State Pompeo.
Iraq is a country that gets it wrong almost every time politically. Now I definitely believe president Seleh and Trump work well with one another and Seleh helped protect the people by declining the picks from Ameri.
Trump trust Seleh and for good reason his reputation is very good and always has been.
This pick of Kazami shouldn't fail and I can only hope because the protesters finally have their man!
Big Barn over and out!
The Snod: Nice work!!! I haven’t Had time to look into like you have, but a glance over of the last couple of days make me think he was inserted in to get the last troublesome faction on board. Many in here do not seem to realize that this is about leverage, and it’s Trump/UN vs. Iranian influence. Guess who is winning that? If Trump trumps their constitution to put PM’s in, eventually they will coerce the rest to what they want. It doesn’t matter how much these political blocs talk and manipulate. It’s political will and leverage, and since 2017 we’ve had it.....just don’t expect it to go without a fight, but Iran has gotten much quieter....as expected. We. Are. Winning. The winning is about done!
HoosierGirl: Well... THANK YOU! This explanation give great clarity to what is taking place. I agree... President Trump is not one to dictate. He works, negotiates, makes deals that bring the best results. He allowed the right leaders and THE PEOPLE to make the best choice. From this description Kazemi (Kazami - SP???) IMO we may see success!
Samson: Baghdad Operations: Arrest of 17,394 violators of the curfew and seizing 1074 wheels and motorcycles
22:06 - 09/04/2020
On Thursday, the Baghdad Operations Command announced the arrest of more than 17,394 violators of the curfew in the capital since its application.
The command said in a statement received / information /, “ The security forces in the Baghdad Operations Command in all its formations, from March 17 to the ninth day of April, and during the implementation of the preventive curfew measures inside the capital, managed to arrest 17394 violators, while seizing 1074 wheels and various motorcycles The number of fines reached 42,987 fine, and it facilitated the entry of 12,886 carrying wheels carrying foodstuffs to Baghdad. LINK
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Samson: The Kremlin: Putin, Trump and the Saudi monarch seek to stabilize the oil trade
10th April, 2020
The Kremlin said that Russian President Vladimir Putin, US President Donald Trump and Saudi King Salman bin Abdulaziz discussed the OPEC + meeting in a phone conversation on Friday and stressed that their goal is to stabilize global oil trade
The leaders also discussed the upcoming G20 energy ministers' conference, which will be held via closed-circuit television later on Friday
OPEC, Russia and other allies presented plans on Thursday to cut their oil production by more than a fifth and said they expected the United States and other producers to participate in the effort to support prices affected by the Corona virus LINK
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Samson: Watch ... the story of the Iraqi currency in a documentary
4/10/2020 16:40:25
The Central Bank of Iraq published a documentary film of its production on the history and story of the Iraqi currency.
The film shifts lists the Iraqi economy and the conditions of emancipation from the Ottoman lira and the pound sterling, through the formation of what formerly was known as the Committee of the Iraqi currency, which later became the National Bank of Iraq, and then to the Central Bank of Iraq Foundation.
To watch the movie subtitled in English .. Click here LINK
Iobey777: Nice! Another thing that Frank and Walkingstick told us about, IMO! More education for the citizens! I think they put this out before, but maybe they are bringing it back for continuing education or for those who did not see it the first time. IMO Thanks!
Delta and KTFA Members Thursday PM 4-9-2020
.KTFA:
DELTA: VERY INTERESTING IN SOCIAL MEDIA FROM ONE OF THE MONEY EXCHANGER SHOWING IQD BUY AND SELL FROM 1975........
THEY WANTS THEIR CURRENCY TO GO BACK LIKE THAT...
1 IQD=$3.37
KTFA:
DELTA: VERY INTERESTING IN SOCIAL MEDIA FROM ONE OF THE MONEY EXCHANGER SHOWING IQD BUY AND SELL FROM 1975........
THEY WANTS THEIR CURRENCY TO GO BACK LIKE THAT...
1 IQD=$3.37
Clare: VERY VERY INTERESTING!! THANKS DELTA! WE WANT THAT TOO ...OR HIGHER!!
YoungSC: That would be fantastic!! IMO i think it will be more based on time lost and the amount of resources Iraq is enriched with. Frank stated a few times that in his opinion it would be around 3.86 with the 20% already added to it.
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Clare: Proclamation on National Former Prisoner of War Recognition Day, 2020
Since our founding, brave men and women who have selflessly answered the call of duty to defend our precious liberty have shaped the fabric of our Nation. In the course of fighting for our freedom and security, many of these heroes have been captured and often subjected to shocking conditions and unimaginable torture. On National Former Prisoner of War Recognition Day, we honor the more than 500,000 American warriors captured while protecting our way of life. We pay tribute to these patriots for their unwavering and unrelenting spirit.
In every major conflict in our Nation’s history, American prisoners of war (POWs) have stared down our enemies, knowing at any moment their captors might torture them yet again or even kill them. These patriots, however, knew that they were fighting for something much larger than individual survival. They persevered for the sake of their fellow POWs, comrades in arms, families, and country.
Later this year, we will commemorate the 75th anniversary of the conclusion of World War II. Over the course of the war, nearly 94,000 American troops in the European Theater and an additional 27,000 in the Pacific Theater were captured and held as POWs. Subjected to starvation, lack of medical care, and unimaginable suffering, these Americans endured hell on Earth. The POWs who returned home were forever changed. Many bore the seen and unseen scars and wounds of war, having experienced the worst of humanity.
Though we can never fully understand the depth of their brutal imprisonment and mistreatment, as Americans, it is our duty to ensure all former POWs receive the love, care, compassion, appreciation, and support they deserve. It is our national obligation to remain mindful of the tremendous sacrifices they, their family members, and their loved ones endured over months and years of uncertainty, worry, and heartache. May the stories of these warriors inspire us to live each day with fierce conviction, indomitable will, and everlasting pride for our country.
NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim April 9, 2020, as National Former Prisoner of War Recognition Day. I call upon Americans to observe this day by honoring the service and sacrifice of all former prisoners of war and to express our Nation’s eternal gratitude for their sacrifice. I also call upon Federal, State, and local government officials and organizations to observe this day with appropriate ceremonies and activities.
IN WITNESS WHEREOF, I have hereunto set my hand this eighth day of April, in the year of our Lord two thousand twenty, and of the Independence of the United States of America the two hundred and forty-fourth.
DONALD J. TRUMP
SteveP99: Strictly IMO...Whether right or wrong, I believe this new PM designate for Iraq will be approved quickly and almost as fast if not at the same time (as Frank26 said in his opinion) the exchange rate will change by way of Fab4 via CBI!!!
2 Cents: Let's hope so.........Ramadan is just two weeks away!!!!
Berrogers996: Ramadan would give everybody a chance to find out what purchasing power feels like.
YoungSC: Remember you guys the ISX opens on the 18th. Will they trade with currency that is worthless once opened up? Frank mentioned that as a key event in last night's UB2B. Along with the NSCN ready to be introduced just now and once introduced they need the new rate. 5 and 6 right after 1, 2, 3, 4 already being introduced in articles
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Samson: Corona robs the global economy more than $ 5 trillion over two years
9th April, 2020
International financial estimates revealed the total losses that will be inflicted on the global economy due to the spread of the new Corona virus in the world
The US "Bloomberg" agency, quoting the estimates of the American "Wall Street Bank", said that the total financial damages that will be inflicted on the global economy will reach about 5 trillion dollars in two years
According to the agency, "The Coruna virus epidemic will rob the global economy of more than $ 5 trillion over the next two years," noting that the world will drown in the deepest recession since the thirties of the twentieth century because of the reality of this virus
At the same time, experts predict that the recession will be short-lived, but the global economy needs time to return to pre-crisis indicators
"Even with unprecedented levels of monetary and financial incentives, GDP is unlikely to return to the pre-crisis trend until at least 2022," the agency adds
"Bloomberg" concluded that politicians have a serious task in stimulating the recovery of economic growth, warning that countries should avoid opening cities and institutions very quickly that will allow the virus to return
The epidemic forced many countries of the world, led by large countries with their capabilities and population, to take exceptional measures, ranging from a flight ban to declaring curfews and isolating entire regions, and even closing places of worship, to prevent the spread of deadly infections LINK
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Ross: IMO staying at home this week is driving some people crazy... but when you are old and live alone well life seems rather normal to me.
For example, my poor neighbor, I saw her yesterday outside talking to her cat. Lol, it was clear she actually thought the cat understood her ! Lol
I went inside and told Clyde, my dog, about it and we has a good laugh.
KTFA Members "News and Views" Wednesday 4-8-2020
.KTFA:
JJimmyJJ: A little different slant on the US providing oversight and supervision of the CBI:
If you are an employee of the CBI in Iraq, even if you're a patriot and an honorable person, the fact that Iran exerted so much control in the government and in the streets made it almost impossible to resist their demands.
In other words, how hard would it be to refuse to help Iran steal US dollars from the auction, when Iranian agents could say (and mean it) "Help us, or you'll lose your job and your family will disappear? " Choosing between your family or white collar crime? That's sone effective leverage.
BUT, once the US started watching everything, that patriotic employee could then say, "I'd help you, but it is impossible. The US is watching things too closely".
SUPERVISION WASN'T JUST A THREAT TO THE CBI-- IT WAS ALSO PROTECTION (IMO). Oversight could strengthen the feeble knees of these employees.
KTFA:
JJimmyJJ: A little different slant on the US providing oversight and supervision of the CBI:
If you are an employee of the CBI in Iraq, even if you're a patriot and an honorable person, the fact that Iran exerted so much control in the government and in the streets made it almost impossible to resist their demands.
In other words, how hard would it be to refuse to help Iran steal US dollars from the auction, when Iranian agents could say (and mean it) "Help us, or you'll lose your job and your family will disappear? " Choosing between your family or white collar crime? That's sone effective leverage.
BUT, once the US started watching everything, that patriotic employee could then say, "I'd help you, but it is impossible. The US is watching things too closely".
SUPERVISION WASN'T JUST A THREAT TO THE CBI-- IT WAS ALSO PROTECTION (IMO). Oversight could strengthen the feeble knees of these employees.
Samson: Pompeo: Washington plans to start a strategic dialogue with Iraq in mid-June
8th April, 2020
US Secretary of State Mike Pompeo said that the US administration plans to open a strategic dialogue with Iraq in the middle of next June, and that his designation for the head of the negotiating delegation, David Hill, is the third man in the US State Department, indicating that an agreement has been reached with Baghdad on the issue and the date.
He added: The importance of the Iraqi government's commitment to the reform process necessary to build a sovereign Iraq that is independent from the sectarian pattern that has led to corruption and terrorism. He clarified that the dialogue should rise on the basis of such criteria that Washington wants to enter into a strategic dialogue with Iraq to confront the violence and the threats that the return of terrorism might bring.
The minister stressed what he called the Trump administration's message, which was built from the start on the basis of ensuring a political path for Iraq going forward.
And, at the end of January 2020, US Secretary of State Mike Pompeo indicated that discussions with many Iraqi leaders continued about Washington's support for the fight against ISIS. They explained that they are constantly discussing with many Iraqi and Kurdish leaders, all of whom express their support for the fight against the criminal organization ISIS.
The House of Representatives approved, earlier, a decision committing the government to work to end the presence of any foreign forces on Iraqi soil, and this came during an extraordinary session in the presence of the head of the caretaker government, Adel Abdul Mahdi.
The discussion of removing the 5,200 American forces from the country comes after the assassination of the head of the Iranian Quds Force, Qassem Soleimani, and Abu Mahdi Al-Muhandis, deputy head of the Iraqi Popular Mobilization Organization, along with eight others. LINK
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Don961: AUCTION SUNDAY ... MONDAY NO ... TUESDAY YES ... WEDNESDAY NO ... NO CASH SALES TO BANKS ... NEW PATTERN ?? ... IMO
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Clare: Coronavirus stimulus checks are on their way: Here's how it works
SNIPPET: With payments from the coronavirus stimulus package expected to reach American individuals and families as soon as this week,
https://www.foxnews.com/politics/coronavirus-stimulus-checks-on-their-way-heres-how-it-works
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Don961: Via 4 modes
US report highlights secret war between global intelligence services due to "Corona"
10:45 Tuesday 07 April 2020 Baghdad - people
Researcher Calder Walton, author of “The Empire of Secrets: British Intelligence, the Cold War, and the Decline of an Empire,” sees the Corona virus epidemic currently sweeping the world more than just an emergency health condition and poses unprecedented dangers to US and international national security. A number of heads of state, similar to a major war that killed a large number of people.
In a report published by Foreign Policy, Walton followed, "Walton" pointed to the great role that intelligence services play in this conflict. This role will be practiced largely in secrecy, but that will not diminish its importance.
According to the report, intelligence services will participate in the war against Covid-19 through four means. First, these devices will provide decision makers with estimates of the spread and impact of the virus. The CIA currently has a facility dedicated to fighting Covid-19, the National Center for Medical Intelligence (NCMI), in Maryland. Epidemiologists, virologists and other experts work at the center. Building on previous Cold War activity, the National Intelligence Center appointed and authorized America when it came to biological threats from 2008 to Covid 19.
According to public reports, prepared in January and February this year, intelligence services warned the Trump administration of the risk of the virus spreading from the Chinese city of Wuhan.
U.S. President Donald Trump is rumored to have ignored these warnings. But the initial dealing with Covid 19 was not the result of the failure of the American intelligence to warn decision makers, but rather a political failure, and if these reports were believed, it would be the most severe and dangerous political failure in American history.
Espionage, or what is known as stealing secrets, is a second way that enables intelligence to participate in the fight of Covid-19. Espionage reveals secrets others would like to hide. And by Covid-19, US intelligence will be able to provide unique information - not available from any other source - for decision makers in Washington about other countries' secrets about the virus, including whether their official infection rates are correct.
These secrets are especially important to reveal what is going on inside closed regimes like China, Russia, Iran and North Korea. According to US intelligence estimates, China concealed the outbreak at the beginning of the virus, while Russia initially announced a few infection rates, but now it imposed strict measures and a curfew.
As a result, US intelligence and its partners will play major roles in verifying their official numbers. Some of that information will be received through espionage operations, the old method of recruiting human elements who have access to relevant classified information.
That information will undoubtedly come through technical intelligence, what is known as signal intelligence or satellite intelligence, which indicates a country’s deception about Covid-19.
The third way in which intelligence will play a leading role in responding to the Coronavirus, and subsequent epidemics, will be achieved by combating media misinformation.
According to the report's author, today, Beijing and Washington are fighting a propaganda battle to lead the world in eliminating Covid-19.
The writer believes that in light of the high rates of infection in the United States and the number of deaths in America exceeding the numbers in China, the United States appears defeated in that battle of soft power. Whether or not the Chinese political bureau knew, his false claim of knowledge of the source of the virus, is said to be a use of the conspiracy theory developed by the Soviet Union during the Cold War when it was rumored that the US military had developed HIV.
The author believes that in the face of a deadly new virus, which has no cure, it is no wonder that fear, chaos and panic prevail in societies around the world, and they have easy prey to mislead an official or unofficial media. During the Cold War, the United States devised a successful strategy (AMWG) to counter Soviet media misinformation about HIV.
According to the report, the same strategy can now be implemented, and the formation of contemporary AMWG to combat media misinformation as well as other intelligence means such as surveillance to eliminate Covid-19 and similar epidemics. LINK
Don961: Overcoming the economic crisis
Tuesday 07 April 2020 Sabah Mohsen Kazem
Perhaps the far and near knows the Iraqi economic potential..the multiplicity of wealth, the potential for the availability of the national technical workforce, and the personal preparations for development. –
A political formation of a reduced government for a year that manages the economy file with a high technology to overcome the deterioration in prices, controls spending and reduces waste of government money by reducing concessions and fixing the date of elections, preventing corona and the risks of its spreading with stone, closing borders and increasing awareness of Cleanliness and bypassing the plight of low oil prices, yes, the latter side has a realistic effect on financial returns and causes budget deficits.
Here, the matter must be rectified by reducing the budget according to requirements and priorities .. health, education and defense without wasting the Iraqi wealth, reducing the salaries of presidents, ministers and parliament, controlling border crossings, oil smuggling, organizing customs tariffs and transit traffic in all land, sea and air fields, as well as revitalizing national industries that Its raw materials are available in Iraq, supporting the Iraqi private sector by purchasing the product and marketing it to the neighborhood, and reviewing the economic agreements with the neighborhood, as well as regulating economic relations with the region in the oil and gas law, so the region must deposit funds Ministry of Finance.
Of course, the economic cycles that pass by the world every 10 years between decline, rise, inflation and economic depression need Iraq and where dozens of experts in the economy develop alternative plans, meaning emergency plans and emergency budget according to international and local conditions, because we live in a region where crises erupt every time.
The occurrence of this significant drop in oil prices in conjunction with the serious illness Corona and pushing Saudi Arabia in large quantities with a discount of 5/0, and its oil supply in the world here OPEC must balance between supply and medicine to avoid price deterioration, if we know that the aggrieved party is Iraq and the group of exporting countries considering our economy is unilateral .
She appealed to previous articles in "Al-Sabah" to develop agricultural investment, religious and archeological tourism, and the development of marshes to find alternatives to total dependence and fluctuations in the oil market ..
There are many experiences in the world in which economies have evolved without the presence of oil, such as Singapore, in which the citizen is globally valued at more than 9 thousand dollars as a return to the citizen, It has relied on developing the capabilities of its people..Iraq is more qualified with its topographical diversity from the north and its agricultural diversity among all our Iraqi cities..
Iraq has gone through an intertwined crisis which is the entry of ISIS and the drop in oil prices in 2014 and exceeded that ordeal, with a loan from the World Bank to pay salaries, Pal Those treatments and other enough to go beyond Iraq some economic crisis ..waltos as new economic reality. LINK
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Don961: The dollar remains the master of the world's currencies, despite the worsening repercussions of the outbreak of corona in America
- One Day Has Passed
The US economy is reeling strongly from the impact of the accelerating outbreak of the Corona virus, which has pushed millions of Americans to unemployment, but these worrying statistics have not yet turned negative on the dollar, which is still in a strong position.
At the beginning of last month, the dollar index, which measures the value of the green paper against a basket of other currencies, has witnessed an increase of more than 6% compared to the lowest level for this year. The dollar exchange rate has increased against the euro by 3.5% since the beginning of the year.
The most wanted
The rise in the value of the US currency is due, first of all, to its being the most wanted in the world. In times of crisis during which investors seek safe havens, this site appears to be strengthening.
Kate Jocks, the global official in charge of currency market strategy at the French "Societe Generale" bank, talks about what he calls "an excessive concession to the dollar."
He points out that there are "many people who constantly want to earn a lot of dollars." And as long as the situation is like this, it will be possible to continue to issue banknotes without weakening the currency. ”
That is why the repeated interventions of the US Federal Reserve (central bank) in the past weeks, to ensure that there is sufficient liquidity in the market, did not lead to a real appreciation in the value of the dollar.
"The measures taken by the Federal Reserve to facilitate the availability and access to the dollar in the world have at best slowed the pace of the appreciation of the currency," says Jo Manimbo of the "Western Union" group to transfer money. federal".
Another reason for the attractiveness of the US currency lies in the companies ’urgent need for cash in light of declining revenues in the current crisis environment.
The dollar also remains in a strong position as it is the most heavily traded currency in daily operations in the world currency market.
Therefore, the Federal Reserve announced mid-last month to facilitate currency exchanges with several other central banks, to enable them to increase their reserves of the green paper.
And Jux notes that this demand for the dollar is recorded, especially in developing countries that hold debts in dollars on most of their debt. "Not all of these countries will be able to get out easily," he says.
And attributed the Daniel Katzev of the French bank "BNP Paribas" the rise in the price of the dollar against the euro to "the lack of a coordinated tax response in the euro area," which reflected negatively on the single European currency.
It indicates that the US currency has also benefited from the significant decline since the beginning of the year in oil prices set in dollars, which strengthened its position against other currencies closely related to black gold such as the Russian ruble, the Norwegian krone and the Canadian dollar.
Before the Corona epidemic, the dollar’s exchange rate was high as the US currency benefited from the excellent performance of the world's largest economy, which all economists ’estimates were positive.
US President Donald Trump was not comfortable with this situation, as he considered that the surge in the value of the dollar could significantly increase the price of U.S. exports, limiting its competitive strength at the height of the trade war with China. However, some observers believe that the changes resulting from the outbreak of the virus may re-confuse the papers, although this has not yet been translated on the ground.
Is the dominance of the green paper ends?
"The question of the continued dominance of the green paper will be raised in the coming weeks," says Cathy Lien of BK Asset Management Asset Management.
She added, "Investors bought the dollar with the bet that the rest of the world will post an economic downturn for a longer period than the United States, as the global economic recovery is impossible without this occurring in the United States."
"While this is partly true, the data recorded in several countries have been deteriorating for several weeks," she continues. In the United States, we are just beginning to see the impact of corona on national economic statistics, and in some cases these numbers still need to be updated. ”
The data released last Friday showed a strong increase in the unemployment rate last month to 4.4% compared to 3.5% in the previous month, and it only takes into account the first part of the month before starting home quarantine measures, closing stores and exchange waves throughout the country.
A prolonged economic downturn in the United States would weaken the value of the dollar in the long run.
Arab Jerusalem LINK
KTFA Members "Currency Manipulation Law -Boom" and more...4-7-2020
.KTFA:
Walkingstick: Washington intends to monitor the Central Bank of Iraq for this reason
2020-04-07
The Lebanese MTV channel revealed, today, Tuesday, the US administration's intention to place the Central Bank of Iraq under supervision for its involvement in withdrawing the dollar illegally, she said.
The channel said that its sources in the American administration told it that Washington was preparing for the possibility of putting the Iraqi Central Bank under surveillance because of its "involvement in illegally withdrawing the dollar and smuggling it to Iran and its arms in the region." LINK
Clare: IMO, REMEMBER FRANK SAID LAST NIGHT "GIVE IT A MINUTE " ....ABOUT THE CURRENCY MANIPULATION LAW GOING INTO EFFECT 4/6 ....AND BOOM!......
KTFA:
Walkingstick: Washington intends to monitor the Central Bank of Iraq for this reason
2020-04-07
The Lebanese MTV channel revealed, today, Tuesday, the US administration's intention to place the Central Bank of Iraq under supervision for its involvement in withdrawing the dollar illegally, she said.
The channel said that its sources in the American administration told it that Washington was preparing for the possibility of putting the Iraqi Central Bank under surveillance because of its "involvement in illegally withdrawing the dollar and smuggling it to Iran and its arms in the region." LINK
Clare: IMO, REMEMBER FRANK SAID LAST NIGHT "GIVE IT A MINUTE " ....ABOUT THE CURRENCY MANIPULATION LAW GOING INTO EFFECT 4/6 ....AND BOOM!......
WALKINGSTICK, POST #177....JUST NOW
Washington intends to monitor the Central Bank of Iraq for this reason 2020-04-07
FRANK TOLD US TRUMP WAS ANGRY WITH IRAQ SAT. NIGHT.....WOW!
Patrik73: smuggling, not manipulation
Clare: YES, THE ARTICLE TALKS ABOUT SMUGGLING.. THAT IS TRUE...I AM ONLY POINTING OUT WHAT IS STARTING TO TAKE PLACE SINCE APRIL 6TH, AS IT SURFACES ..& CONNECTING IT WITH WHAT FRANK AND WALKINGSTICK HAVE ALREADY TOLD US... …TRUMP WILL TAKE WHATEVER MEASURES NECESSARY NOW...IMO
Currency Manipulation and Countervailing Duties
https://fas.org/sgp/crs/misc/IN11138.pdf
Currency Manipulation
For more than a decade, some policymakers and analysts have expressed concerns that U.S. exports and
jobs have been harmed by unfair exchange rate policies of other countries (“currency manipulation”).
They argue that other countries have purposefully weakened their currency relative to the dollar to boostexports, at the expense of U.S. firms and workers.
However, there are a number of factors that drive exchange rates, and it is difficult to estimate the extent to which a currency is undervalued, and why it is undervalued.
On April 6, 2020, the rule is to go into effect ...
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Godlover: I am guessing this current threat, until they implement the supervision is why we see the CBI changes? Also, I again can only guess this supervision will continue long after the MR (monetary reform)
Walkingstick: Yes, in part ... supervision, by the U.S.... a part of their new mechanism... Oversight, by... the U.S. is and will remain in place..... Regards.....
Frank26: KTFA KONA ........... TODAY WORD FOR WORD ................ WS AND I .................... FREAKEN TOLD YOU SO !!! !!! !!!
Monday Night CC Replay
PLAYBACK : 605.313.5163 PIN: 156996#
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DELTA: The response of the Central Bank ... is procedural related to its law and not to economic logic ... Abdel-Hussein Al-Anbuge
2020-04-07
Books: Prof. Abdul Hussein Al-Anbaki
In fact, I was not going to respond to the central bank, but to clarify the picture in front of the non-specialist reader. As for the specialist, he knows what I meant in my article on inflationary financing,
It is true that I have not worked in the central bank, but I have been a professor of macroeconomics and monetary theory for years, unless the central bank works according to unscientific contexts that are not consistent with what we have studied. Moreover, over the past 15 years I have evaluated and put an opinion on all Central Bank reports that come To the Prime Minister by virtue of my consultative work, just as my article does not care about procedural and administrative matters or how to organize the public (assets and liabilities) and accounting restrictions for the central bank, but rather I talk about monetary policies and focus on the impact of monetary issuance on the overall economy in a recession situation which is the goal of the paper, perhaps Or e explained that the following things:
First: It is not my responsibility if Brother Hussein, an expert at the Central Bank, does not differentiate between issuing a new currency and issuing a new cash, so we are close to economists, and we have the picture as I mentioned in my article.
Second: It is certain that the new and old currency issuance, but that any dinar that is outside the central bank is on the side of the liabilities and the right of the bearer over who issued it, and I do not know why he supplies this axiom, but he issues the money against deposits with the central bank, this is the natural mechanism for controlling the offer Cash is not what is intended in our article, because what is meant in the article is a monetary issuance (exceeding) the requirements for regular money supply, and therefore it is tied to the requirements of monetary policy to influence the overall economy due to a recession crisis so the central bank makes the cash flow greater than the commodity flow, which is greater than Volume of transactions in Lq thereby contributing to inflationary financing of monetary policy with its policy in ridding the financial economy from recession, creating any inflationary pressures by increasing money supply
Third: If the new currency issuance will create inflationary pressures to get the economy out of recession, then how does it say that this measure is not a tool of monetary policy, are not monetary policy tools used for the purposes of restoring economic stability due to its imbalance in crises?
Fourth: If the central bank lends to the government any purchase of its bonds, then it pays a dinar to the government for the value of the loan, and this means that the dead dinar in the central will be revived, which means that the money supply increased, and this means that the cover inevitably expanded and the cover did not shrink, but the effect of the two measures on the economy is the same.
Fifth: It is unfortunate that an economist said that the central bank deducted government bonds in favor of government banks, which in turn discounted them for the benefit of contractors in the previous crisis 2014 according to his law and I do not care about his law. I am talking about the result and impact, and I do not know what the difference is in what I mentioned because the result is an offer Cash is the same. Money is with the public and banks are part of the money supply in its broad sense. As long as bonds are discounted to banks or deducted directly to contractors, the same will lead to the effect of inflationary financing inevitably.
Sixth: The rescue packages that countries made, I also mentioned that it is through the general budgets of these countries, but how the deficit was financed inevitably through the compatibility of an expansionary fiscal policy with an expansionary monetary policy where the central banks sought to issue a cash, so America is now printing $ 3 trillion, and I do not understand why It is presented at the same point in other vocabulary.
Seventh: I would like to refer to my recent book on the exaggerated exchange rate in it ... suppression of the local product and support for the importer, which is entirely dependent on the Central Bank data as these data show that the difference between the value of private sector imports that the central bank claims is that the currency sale window was found for it and what He sold him one dollar in that window for the period from 2010-2017, that is, in 8 years, up to 202 billion dollars, which is money in foreign exchange that bled without a commodity import.
Eighth: I would also like to point out that raising the value of the dinar in an imaginary way has created a big difference between its real value and its subsidized value. This difference is a net addition that supports imported goods in a way that exceeds all margins of customs protection to protect the local product in Iraq, which made the central bank with this monetary policy destroying the base Productivity in favor of imports behind millions of unemployed, and Mr. Hussein continues to object to the Central Bank’s call to adopt a strict monetary policy.
Clare: WOW!! THANKS DELTA!! HERE COMES THE "MORE" WALKINGSTICK & FRANK TOLD US ABOUT!!! AWESOME!!
YoungSC: And the rise of the exchange rate agaisnt the dollar is supposed to stop this week.
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Samson: Pompeo: America is ready to work with any prime minister who serves the interests of the Iraqi people
04/7/2020 2020 17:51:16
US Secretary of State Mike Pompeo confirmed today, Tuesday, that his country is ready to work with any prime minister that serves the interests of the Iraqi people.
"The United States is seeking to continue our good relationship with Iraq and we proposed a strategic dialogue last June," he told a news conference.
And that "all strategic issues will be discussed in dialogue with the Iraqi government, including the future of the American military presence."
He continued: "The Corona virus should not limit our ability to fight against the Islamic State in Iraq."
Samson: By name .. Al-Zarfi keeps 4 ministers from the Abdul Mahdi government
7th April, 2020
Political sources said, on Tuesday, that the Prime Minister-designate, Adnan Al-Zarfi, has re-nominated 4 ministers in the government of resigned Prime Minister Adel Abdul-Mahdi to the portfolios.
The sources said in an interview with "Mawazine News" that "Al-Zrafi decided to keep the Interior Minister Yassin Al-Yasiri." She added, "He also decided to keep the three Kurdish ministers, who are the Minister of Finance Fuad Hussein, the Minister of Construction and Housing, two bankers, and the Minister of Justice Farooq Amin Shwani."
The Prime Minister-designate, Adnan Al-Zorfi, requested the Presidency of the House of Representatives to fix a session to grant confidence to his cabinet. LINK
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Don961: The Minister of Finance discusses the collapsed Iraqi financial situation with the Bank and the International Monetary Fund
Last updated: April 6, 2020 - 1:41 PM
Baghdad / Iraq News Network -
The Minister of Finance, Fuad Hussein, met Monday (06 April 2020) with the ambassadors of the United States of America and Britain, and officials from the Bank and the International Monetary Fund via closed circuit.
Hussein said in a tweet via the Twitter platform: “I participated in a meeting via closed-circuit television, to discuss the economic and financial situation and the implications of falling oil prices on the Iraqi economy, and to study some proposals to overcome the crisis. ”
He added:“ We also discussed the meeting in which the ambassadors of the United States, Britain, and the World Bank representative participated, and The International Monetary Fund, in addition to the Under-Secretary of Health, is a crisis
Corona epidemic and the steps taken to support the health sector in Iraq, to contain this dangerous epidemic. ”
The United States of America had announced, on Sunday (05 April 2020), its willingness to assist Iraq in confronting the new corona virus, during a meeting with the American ambassador Matthew Tooler with the President of the Council The Iraqi Supreme Judiciary. LINK
Frank26 Video "Told You So" and KTFA News 4-6-2020
.KTFA:
DELTA: The crisis and central procedures
Over the past six years, the Central Bank has registered great achievements for Arab organizations and institutions
And internationalism, despite the importance of all the accomplishments that have been achieved, we can mention in this article the most prominent of them.
It has made it in the field of combating money laundering and terrorist financing, and leading monetary policy in light of the crisis in which oil prices have decreased in previous years and its initiative to support development,
By launching the Five Trillion Initiative for government banks, in addition to one trillion for private banks to support and encourage industrial, agricultural and small housing projects
Both large and large, and worked to maximize the bank's reserves
Iraq from gold and hard currency.
KTFA:
DELTA: The crisis and central procedures
Over the past six years, the Central Bank has registered great achievements for Arab organizations and institutions
And internationalism, despite the importance of all the accomplishments that have been achieved, we can mention in this article the most prominent of them.
It has made it in the field of combating money laundering and terrorist financing, and leading monetary policy in light of the crisis in which oil prices have decreased in previous years and its initiative to support development,
By launching the Five Trillion Initiative for government banks, in addition to one trillion for private banks to support and encourage industrial, agricultural and small housing projects
Both large and large, and worked to maximize the bank's reserves
Iraq from gold and hard currency.
The race has always been to launch reassurance messages to the market and the country in general, to overcome and extrapolate crises before they occur, and we have the statement made by the Governor of the Central Bank in 2016 regarding insurance of employee salaries when oil prices drop
What we heard recently and on the same topic this year, is evidence of the great care and wise vision that it follows to maintain the country's financial stability.
And economically.
Today, we are looking forward to the actions that the bank will take
The Iraqi Central and tools, which it will use in order to maintain the stability of the financial and economic situation in Iraq, and we are in light of a global crisis represented by a microscopic organism stopping the activities and areas of different life in all parts of the world and expectations of an acute crisis that will afflict the economies of many countries, we monitor and follow the steps and proactive measures , Taken by the central banks of the neighboring countries and the central banks in many countries of the world.
The country, before the crisis of the Corona virus, faces a severe political and social crisis since October of 2019, which was represented by the massive demonstrations that rocked the country
And the repercussions, which accompanied it on the financial and economic fields and affected business in general and the banking sector
Especially when it ends after this virus has reached the country and disrupts various life activities, which will
The result leads to additional pressure on the banks
In general, and private banks in particular
This requires the intervention of the Central Bank of Iraq with proactive, rapid measures that stabilize the market and exchange rates.
MilitiaMan: The data above and from earlier post today. ~ MM
In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks,This mechanism is done by giving companies a foreign exchange by providing a statement of beneficiaries and the need for travel tickets, and then they make payments according to the customer's desire, either in cash or in the account balances of electronic cards to the public.
MilitiaMan: This sure looks like the MEETING went well today. They are talking about the NEW CURRENCY! A MECHANISM to support the Banking Sector that will be facilitated by use for electronic cards.. Wow, things are moving along now very nicely!!! imo ~ MM
Walkingstick: It did .... more, from this meeting.. and others, coming.....Regards..... ~ WS
MilitiaMan: Note the proactive tools they will use.. Oh ya! imo ~ MM
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Frank26: 4-6-20 TOLD YOU SO
This video is in Franks Opinions
Dan: get some perspective
GLOBAL DEATHS Jan 1st - March 30th, 2020
35,016 Coronavirus
75,645 Mothers During Childbirth
118,980 Seasonal Flu
240,056 Malaria
262,441 Suicides
330,367 Traffic Accidents
411,415 HIV/AIDS
612,105 Alcohol
1,223,439 Smoking
2,009,990 Cancer
3,177,081 Communicable Disease
10,402,251 Abortions
ChrisC: The reaction to this doesn't make sense unless it has another purpose, IMO.
MilitiaMan and KTFA Members Monday PM 4-6-2020
.KTFA:
DELTA: In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks,This mechanism is done by giving companies a foreign exchange by providing a statement of beneficiaries and the need for travel tickets, and then they make payments according to the customer's desire, either in cash or in the account balances of electronic cards to the public
MilitiaMan: This sure looks like the MEETING went well today. They are talking about the NEW CURRENCY! A MECHANISM to support the Banking Sector that will be facilitated by use for electronic cards.. Wow, things are moving along now very nicely!!! imo ~ MM
Walkingstick: It did .... more, from this meeting.. and others, coming.....Regards.....
KTFA:
DELTA: In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks,This mechanism is done by giving companies a foreign exchange by providing a statement of beneficiaries and the need for travel tickets, and then they make payments according to the customer's desire, either in cash or in the account balances of electronic cards to the public
MilitiaMan: This sure looks like the MEETING went well today. They are talking about the NEW CURRENCY! A MECHANISM to support the Banking Sector that will be facilitated by use for electronic cards.. Wow, things are moving along now very nicely!!! imo ~ MM
Walkingstick: It did .... more, from this meeting.. and others, coming.....Regards.....
Clare: I AGREE MM... FRANK SAID FROM SAT NIGHT... "THIS THING IS MOVING FAST FOR A REASON...FASTER THAN THE SPEED OF LIGHT"~FRANK26
WALKINGSTICK SAID FROM SAT NIGHT... "THERE IS GOING TO BE SO MUCH MORE INFORMATION FLOWING DOWN FURTHER, SO MUCH MORE INFORMATION COMING~WALKINGSTICK
WOW.. THEY ARE SPOT ON! .... THANKS DELTA!
ChrisC: I sure hope we are finally there. I am a VERY patient person, but I am feeling like strapping a donkey with a bunch of C4 and running it into Parliament. If these guys had a gushing hole in the bottom of their boat in shark infested waters they would argue until the last one was eaten whose responsibility it is to plug the hole. Maybe a robot donkey.
Deputy: The vote on the cabinet next week and the Zarfi government will pass by an overwhelming majority
6th April, 2020
MP Al-Nasr Falah Al-Khafaji, on Monday, suggested that the parliament session will hold a vote on the cabins of Prime Minister-designate Adnan Al-Zorfi and pass it by an overwhelming majority, denying the existence of any agreement on an alternative candidate from the blocs opposing Al-Zorfi.
Al-Khafaji said in an interview with Al-Masala, that the mechanisms through which Prime Minister-designate Adnan Al-Zorfi was entrusted are constitutional and legal mechanisms and can only be revoked through constitutional verses, which is setting a date for a session to vote with approval or rejection of the government booth and the government curriculum of the taxpayer.
Al-Khafaji added that Al-Zrafi submitted a request to hold a meeting to vote on the ministerial cabinet, which we expect to be next week to complete the preventive measures in light of the exceptional health conditions we are living in today due to the Corona epidemic.
Al-Khafaji added that all that is proposed about the agreement of the parties objecting to Al-Zarfi is an alternative candidate for him, are just attempts to pressure and mix the papers and there is no agreement until the moment on any candidate, stressing that the Zarfi government will pass by an overwhelming majority due to the clear desire of most of the representatives to change and bring in a strong and capable government To bring the country to safety in light of the current challenges.
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Samson: Finance Minister: Closed meeting to fund Iraq in the face of Corona
04/6/2020 11:17:30
Finance Minister Fuad Hussein participated in a closed meeting aimed at financing Iraq in the face of the Corona pandemic.
Hussein said in a tweet on his Twitter account: "I participated in a meeting via closed-circuit television, to discuss the economic and financial situation and the implications of falling oil prices on the Iraqi economy and study some proposals to overcome the crisis."
Hussein added: "We also discussed the meeting in which the ambassadors of the United States and Britain and the representative of the World Bank and the International Monetary Fund participated in addition to the Undersecretary of the Minister of Health, the Corona pandemic crisis and the steps taken to support the health sector in Iraq to contain this dangerous epidemic." LINK
MilitiaMan: Add this to what we were told and the parliament Given confidence to Z? Very very very nice to see!! Imo – MM
Samson: The Trade Bank of Iraq issues an explanation regarding the work of ATMs
4/6/2020 16:36:23
The Iraqi Trade Bank issued today, Monday, an explanation regarding the work of ATM machines.
The bank said in a statement, "All ATMs continue to operate around the clock in Baghdad and the provinces." LINK
MilitiMan: Timing of this one with the talk of a new Mechanism for electronic account balances.. I'll bet they will be reflecting the new currency too in short order.. imo ~ MM
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Samson: The US military is testing the Ceram defense system in Iraq
6th April, 2020
Iraqi security sources said today, Monday, that the American forces conducted at Ain Al-Assad base tests of the defense system "Ceram" with the participation of a drone.
The American forces said today, Monday, that an armed force affiliated with them, conducted a live ammunition exercise using the "M770 howitzer" at Ein Al-Assad base in Al-Anbar Governorate in western Iraq, adding that the military exercise came by using a supposed pilot plane.
This exercise comes days after the American army installed the "Patriot" missile system at Ain al-Assad base in Anbar, 200 km west of Baghdad, to uncover potential missile attacks that it might be subjected to. LINK
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Samson: Corona Virus Committee in Tehran: the virus is sweeping the capital
6th April, 2020
The head of the Corona Virus Control Committee in Tehran, Ali Reza Zali, has announced that the outbreak of corona in the capital has gone out of control and the results cannot be expected.
Zali said in a press statement today, Monday, that the CorOna virus entered the epidemic stage in the Iranian capital, Tehran. He explained that the increase in the wave of infections more with the Corona virus in Tehran, makes it not possible to expect results.
He added that the health status entered by Tehran is due to a lack of respect for the warnings that we have made over the past days, and that the authorities have not yet reached the stage of controlling Corona in Tehran, but that the casualties are increasing daily. LINK
KTFA Members "Monday News" 4-6-2020
.KTFA:
DELTA: In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks
This mechanism is done by giving companies a foreign exchange by providing a statement of beneficiaries and the need for travel tickets, and then they make payments according to the customer's desire, either in cash or in the account balances of electronic cards to the public.
KTFA:
DELTA: In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks
This mechanism is done by giving companies a foreign exchange by providing a statement of beneficiaries and the need for travel tickets, and then they make payments according to the customer's desire, either in cash or in the account balances of electronic cards to the public.
DELTA: Our Whatsapp service provided control of my account (Mastercard from al-Rafidain Bank) and can work on the following services:
Pay bills for electricity, electricity and water if available.
2-transfer from one account to another.
Account Balance query.
4-mini detection of my last 10 operations.
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Samson: CNBC: Russia and Saudi Arabia are very close to an agreement to cut oil production
6th April, 2020
The head of the Russian sovereign fund told CNBC on Monday that Saudi Arabia and Russia are "very, very close" to an agreement to cut oil production
"I think the whole market understands that this agreement is important and will bring a great deal of stability, and it is very important stability for the market, and we are very close," said Kirill Dimitriev, CEO of the Russian Direct Investment Fund LINK
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Samson: Oil prices are falling due to the price war and the continued statements of major producers
6th April, 2020
Oil prices trimmed losses in early morning trade Monday after the CEO of the Russian sovereign wealth fund told CNBC that Moscow and Riyadh were "very close" to an oil deal
Brent crude futures made a short shift in the positive area, but were recently trading down 1.2% at $33.69 a barrel, and US crude futures also reduced losses but remained in negative territory, retreating 1.6% to $ 27.84 a barrel
Earlier, US crude futures fell nearly 9% after a meeting between OPEC and its allies was postponed, initially scheduled for Monday. The delay sparked Wall Street fears that cuts could face hurdles
Oil rose last week - WTI and Brent are both their best week ever at a time when Saudi Arabia called for a meeting between OPEC and its allies, known as OPEC +, which indicates the possibility of progress in reducing production.
The group meeting ended in March without agreement after Russia refused to cut 1.5 million barrels on the day proposed by Saudi Arabia in an attempt to support low oil prices with the outbreak of coronary virus demand. This started a price war between power producers LINK
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Samson: Trump declares emergency in 50 US states due to Corona
10:22 - 06/04/2020
US President Donald Trump announced on Monday a state of emergency involving 50 states and territories, after agreeing to consider him in a state of confrontation with major disasters.
"This is a comprehensive military operation and we have agreed to it, this is very unusual," he told a White House news conference.
He added that "the Federal Emergency Management has transported vital supplies and protective equipment from all parts of the world to America."
He continued: "This Tuesday, we will deploy more than 3000 military public health professionals in New York, New Jersey and Connecticut," noting that today, Monday, will see the start of the distribution of millions of gags to the American people. LINK
Samson: Foreign Office: We are responsible for sending $ 3,000 to each Iraqi individual stuck abroad
6th April, 2020
The Ministry of Foreign Affairs announced, on Monday, that it will send $ 3,000 to every Iraqi person stuck abroad.
The ministry’s spokesperson, Ahmed Al-Sahaf, said, “The ministry provided for sending $ 3,000 to each Iraqi individual stuck abroad,” calling on the people of the stranded to “come to the ministry’s building to complete the procedures.”
He added, "The amount will be delivered through the Iraqi embassies abroad," noting that the embassies of Iraq and its missions abroad are Iraqi homes. The newspapers indicated that "the Iraqi embassies and missions provide food supplies to hundreds of stranded Iraqis and residents."
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Samson: The fall of the Iraqi dinar against the dollar scares the markets and citizens .. and warnings of the continued decline
5th April, 2020
After the stability of the Iraqi dinar exchange rate against the dollar years ago, the past few days have recorded a significant decrease in the value of the local currency.
The exchange rate of one dollar increased from 1,200 dinars to 1,280 Iraqi dinars, amid warnings of the continuation of this decline due to the curfew imposed by the Iraqi authorities as part of measures to confront the outbreak of the Corona pandemic, which stopped the Central Bank of Iraq, which was pumping an average of 140 million dollars per day to maintain The value of the currency.
A source from the Central Bank of Iraq, who preferred not to be identified, said that "the dollar exchange rate was affected by a rise due to the interruption of the currency auction, as well as a result of the curfew, and the desire of people to exchange their Iraqi money with dollars, as well as the continuing need for import in relation to traders." According to the newspaper, "The New Arab." He revealed that the central bank is in the process of taking quick steps with the government crisis cell to confront the Corona epidemic, with the aim of finding a way to restore balance and provide hard currency in the market, stressing that the rise will be temporary. He added, "The last auction for the sale of the currency was on March 16, and it is expected that the current measures will succeed in reopening it within days."
The source pointed out that "the cash sale price by the Central Bank of Iraq in the last public auction was 1190 dinars, while the price approved in banks is 1200 dinars per dollar, before the central bank stops pumping currency to the Iraqi market, because of the curfew." He pointed out that "the central bank will try to pump more hard currency to the market, but the value of what will be pumped will be less than the hard currency entering the central bank as a result of the low oil price and the state's need for adequate reserves of hard currency." He said, "The task of keeping the dinar rate at the current stage will not be easy, but it is within control."
For his part, Adel Al-Ansari, director of one of the banking offices in Baghdad, said in an interview with "The New Arab", that despite the curfew imposed in all of Iraq due to the outbreak of corona, the demand for buying dollars is very large, because of the Iraqis' fear of the collapse of the dinar. He added that "some of the owners of capital bought the hard currency in anticipation of any emergency, due to the cautious anticipation experienced by the Iraqis in light of the Corona virus and the escalation between America and Iran and armed factions in Iraq."
In an interview with Al-Arabi Al-Jadeed, economist Salam Smeisam said, "The rise in the price of the dollar against the dinar is not a result of supply and demand, and what confirms this is that what is happening now is that the amount of dollars in the provinces comes to Baghdad and is sold again by adding profits. It ranges from 7 to 8 dollars per 100 dollars." She added that "what is raising the alarm today is that the market is not subject to control by the authorities concerned with monetary policy," noting that "the Iraqi dinar is in an unenviable position due to the low oil prices of less than 26 dollars, in addition to the accumulated crises that it is exposed to." The Economy.” LINK
Don961: The deep state in Iraq is destroying the regular state
- One Day Has Passed Researcher Shatha Khalil *
The emergence and concept of the deep state
The term deep state was first created in history in Turkey in 1923 by Mustafa Kemal Ataturk, which is “a secret network known as“ Derin Devlet ”and its meaning the deep state. This network consists of several groups of police and armed forces officers and some From the judiciary, bureaucrats, and others, it operates in secret.
Among them is maintaining the secularism of the Turkish state created by Ataturk, and suppressing any ideas, movements, parties, or members of the government that would threaten secularism at the time.
This concept has several names, such as the rooted state or a state within a state that is called to describe some parties and groups that act as a state, but this state is within the boundaries of a recognized state, or the intelligence apparatus of a particular country, and a common example of the concept of a deep state is the deep state in the United States Represented by the Central Security Agency and the lobbies.
From a legal point of view: Based on its legitimacy (or illegitimacy), this approach emphasizes the informal and illegitimacy of the “deep state” considering that it is unelected and not subject to accountability but it is not permissible to generalize, sometimes there are executive leaders and members of legislative assemblies, And among them is the one who comes by way of elections, and they originally belong to the groups formed for the deep state, and they seek self-interests other than the interest of the state.
Some historians have affirmed that the deep state, like the shadow government, works to spread propaganda to stir public fear or destabilize civilian governments that they do not like, while others see that the “deep state” is an invisible and secret “state” that parallels the legitimate, open government.
This explains two aspects of the "deep state", namely, ambiguity, confidentiality, and illegality. In this sense, it is not a state within a state.
And because it is the deep state, a complex and heavily intertwined structure, it leaves no space or space (politically, economically, culturally, technically, or sportsly ... etc) except that it invaded and swept it. Therefore, its penetration is extremely difficult, and detonating it from the inside is risky and risky, as it may crumble with its daringness the entity of the state.
And the mechanism of the deep state’s work, the state is the only legislator and law enforcement at the same time, and the state may use the law in different, unclear and incomprehensible ways, as it has more powers to carry out many actions and policies, and also from the powers of this state to stop the law To take the necessary measures to defend the state against the danger it faces, it is imperative for the state to fabricate a state of extreme fear and imminence of the imaginary enemy; which justifies the state its actions, and these actions are acceptable to the people, as it gives them a kind of imaginary legitimacy, which from For God is not legal accounting for such acts after the end of that case.
Iraq and the deep state:
After 2003 the foundations of the Iraqi state were destroyed, and thus the one-man rule system ended, and Iraq lived in the era of democracy, but the weak, dispersed and weak democracy that spawned groups and blocs and thus lost the regular state, where it became the one that governed and through which the country was governed Through which it allowed the building of a deep state but not in the aforementioned concept, Iraq differs from the rest of the countries as a disorganized situation and criteria and the reason is the fragility and weakness of the state with the emergence of political and religious parties and militias that have no loyalty to Iraq .. These reasons created mafias and gangs of corruption within State "deep state", but in a negative way any State works deep as opposed to what the regular state.
What I would like to point out is that it must first be a strong systemic state in order to have a deep state.
Iraq cannot say that it is a state because it lacks the standards of the state .. a “central and weak” authority, and there is no “nation” in Iraq that seeks to establish a state but there Sub-identities competing for power, and there is no stable political system in Iraq, but a system that suffers from all crises of political systems, and there are no sober and strong institutions but fragile and weak institutions that are corrupted by corruption.
And the constitution that was written after 2003 and distant from the country's interest, even with this constitution that lacks many of the foundations of state building, parties deal with according to the whims of their interests, which indicates that there is no law that applies to everyone, but applies only to the weak and the poor.
If we compare the role of the deep state with the external influence in other countries towards what is going on in Iraq, the external influence will be stronger in making events than the deep state, and therefore the external will is the strongest. It is the only beneficiary of the "deep state" that came to serve external states and personal interests, not to serve and maintain a strong state like the rest of the powerful countries for the purpose for which the deep state is made.
Iraq did not create for itself a firm and strong system and the state is unstable and politically and economically unstable, which made the concept of the deep state as a disease in the body of Iraq, is the closest thing to it (hegemony) mafia from it to the deep state in its known meaning.
Since 2005, precisely with the assumption of power by some powerful parties, the concept of a “deep” corrupt state has arisen to facilitate the affairs of party members in case they need an order, looting, smuggling, or embezzlement, which has facilitated the process of entering other parties in the same way to destroy the state and control most ministries.
Especially linked to the Ministry of Interior, from the Passports, Nationality and Residence departments. Its employees have turned into owners of large sums of money due to the bargaining and bribes that they impose on citizens, as well as the sale and purchase of appointments to the security agencies, most notably the National Security Directorate.
Some observers and those close to the authority assert that "75 percent of the affairs of the state and the Iraqis are run through the deep state, through the personalities and gangs that the parties put inside the official institutions." These "invisible forces possess political support and legal cover, as they depend on real employees in the Iraqi state, but all their actions are in the interests of their parties and those of their parties."
And that there is great corruption in "many deals related to weapons and oil that take place between Iraq and other countries, passing first to the parties through their pawns in the ministries, and after studying the files that the concerned minister is supposed to discuss, the parties send their observations to the ministries to be part of the discussions, which can Destroying the country's economy and making it an open economy for thieves and corrupt.
Iran is a major factor in forming the "deep state" in Iraq thanks to political forces linked to some of the parties loyal to it and some armed groups that work to overcome the difficulties facing some political entities. In the form of directors, deputy ministers, and advisors, officials control the passage of decisions within state administrations.
The powers of some Iraqi employees of small government institutions may override those of government ministers. The "state" soldiers of the deep state, in all joints of the Iraqi state, work to arrange their interests first and foremost.
Militias, through their practices, confirm every day that they are above the government, above the homeland, and above the law and the constitution.
Shares of investments and shares of investors as royalties, as I entered the sports field. It also works in the oil, drug, and arms trade, detainees, internally displaced persons, and antiquities, and controls many border crossings with Iran, escaping what it deems appropriate for both parties, and helps Iran in overcoming sanctions by smuggling currency and oil and protecting the corrupt people who are harming the Iraqi economy.
It will produce that the deep state in the powerful countries is working to preserve the state from sudden changes .. As for Iraq, there is a “loss of a regular and negative state of the deep state” and is working to destroy the pillars of the state and turn it into a state of militias and parties, which is one of the outputs of the new Iraqi construction after 2003 with all that it carries Gaps, gaps and fragility, in addition to Iranian interference and pushing for the maintenance of the status quo that mainly serves Iran and those allied with it. For Iraq, Iran is a battleground and a drainage market for its problems, crises, goods and products, so it does not accept that Iraq will be strong.
My position is weak, and vice versa, because of his important geopolitical position, so it works to permanently weaken him.
On the other hand, there is an inverse relationship between the state and its institutions, and systems of non-state that operate away from the interest of the state. Whenever the state is weak, the systems of non-state are strengthened and vice versa.
To weaken the non-state systems, as these systems never perform any positive action except to carry out negative actions such as placing obstacles in the face of any ambition for reform and aborting any attempt that harms their interests or placing a veto on a national candidate that could harm Iran's interests.
Finally, the deep state in Turkey and other America in other countries often have institutions with long lifespans, and the deep state idea and its networks within the state’s jobs have nurtured and become virtually large with experience and influence and need stages and long years to limit or reduce their impact, but in Iraq institutions have been destroyed
The state as a whole after 2003 and was rebuilt on the basis of sectarian and quarrelsome subversion, so no state or institutions were built that would allow the building of a deep state with the true positive concept that supports the state ... Rather, it was built to destroy and weak the regular state, and the deep state in Iraq will not end unless by withdrawing all the Loomed from the hands of armed gangs and factions. The centralization and strength of the regular state returns to build a correct political system in order to build the state and build a strong economy in order to be a true and sovereign state.
Economic Studies Unit
Links Center for Research and Strategic Studies l
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:
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” .
Al-Saffar added, "At the same time, the central bank may also be unintentional because of the curfew and the suspension of most life activities."
And the rapporteur of the Finance Committee in Parliament, Ahmed Al-Saffar, spoke last Sunday about the authority of the Central Bank to issue a set of decisions on withdrawing the commission of the US dollar.
Ahmed Al-Saffar said, in an interview with (Baghdad Today), that "the decisions issued by the Central Bank regarding the commission of withdrawing the US dollar are considered within its powers and it is who determines the interest rate, whether by depositing or withdrawing."
Al-Saffar added, "Iraq’s revenues from selling oil go to the Ministry of Finance account at the US Federal Reserve, which the central bank has a branch in," explaining that "the process is that the revenues are transferred to the central bank account and the bank transfers it to the Iraqi dinar to the Ministry of Finance to pay salaries." employees".
He continued, "The process of withdrawing the dollar and depositing it relates to the policy of the central bank, which is monetary policy. The central bank has the right to raise or reduce interest rates, and this is one of the methods of monetary policy that you use."
On Sunday (March 29, 2020), the Central Bank of Iraq issued a set of decisions regarding the US dollar withdrawal commission.
And included a document issued by the bank and received (Baghdad today): "The commission for withdrawing cash for the US dollar, which comes from the incoming transfers to the bank to our accounts in the American Federal Bank, as well as the transfers received to banks from other banks by a rate of seven thousand."
The bank added: "The amounts of the above remittances are transferred to banks by (75%) in cash in dollars according to the above commission, and (25%) pay Iraqi dinars at the official bank rate (1182) dinars to the dollar."
He continued: "The banks must spend the (25%) above on their remittances customers at a price of (1200) dinars / dollars, and submit their requests at the end of each month to the accounting department at the central bank for the purpose of addressing the two price differences in our accounts in Iraqi dinars."
And he continued: "Banks can spend the full amount of the transfer received in the Iraqi dinar if the customer desires to do so.
He stressed, "The above mechanism does not include customer deposits in dollars in cash, where it is paid to the customer in full, but is limited to customers who receive remittances received from outside Iraq of any kind, and internal dollar transfers between their banks in our accounts." link
Don961: Parliamentary Finance: The economic situation is very dangerous .. !!
Economy , 3/24/2020 23:38 Baghdad - Iraq today:
The Finance Committee in the House of Representatives announced by one of its most prominent members that the economic situation in Iraq has become very dangerous, and it is not possible any setback.
It came in a publication released by Member of Parliamentary Finance and former Minister of Industry Eng. Muhammad Sahib al-Daraji, (Iraq Today) received a copy of it, that the state must take a package of quick decisions before it is too late.
Darraji has listed ten points:
1. Change the exchange rate of the dinar gradually
2- off the auction currency
3. Develop Platform for importing and stop some imports
4. The construction of the budget on the price of oil fixed and operating a moving budget for investment budget
5-postponement of dues of oil companies
6. sell coupons locally oil prevailing and buying after the price a year At the prevailing price then
7 - Allocating the budget to salaries, purchasing the ration and medicines, and sterilizing water and the educational process only
8 - The state imports commercial foodstuffs to the markets
9 - Negotiating to stop the payment of external debt
10 - Handing over the protection of the border ports of the anti-terrorism agency LINK
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Don961: Central Bank of {Al-Sabah}: the appreciation of the dollar exchange will end very soon
Saturday 04 April 2020 Baghdad / Hoda Al-Azzawi
The Central Bank of Iraq revealed the implementation of several steps to control the rise in the exchange rate of the dollar in the markets, most notably the opening of outlets for sale and the strengthening of banks in the hard currency, while it is likely that the rise in the exchange rate of the dollar against the local currency will end this week.
In conjunction with this, specialists see in the financial and banking affairs, this rise "temporarily" due to the current conditions related to the ban and lack of communication between the provinces, with the presence of some speculative mechanisms by weak souls.
And recorded the exchange rate of the dollar in local markets during the past days, up to sometimes from 126 to 128 thousand dinars per 100 dollars.
The appearance of Mohammed Saleh, economic adviser to the Prime Minister, said in a special statement to "Al-Sabah": The high dollar exchange rate is linked to the current conditions related to the embargo and lack of communication between governorates and merchants and the absence of information efficiency, indicating that this has caused price deviations to exchange the dollar.
He expected that this problem is "temporary" and related to the relatively closed borders, especially as it is not related to Iraq only, but to most of the countries of the world.
For his part, the Director of Information and Relations at the Central Bank, Acer Jabbar, told Al-Sabah that the central regulates monetary policy inside the country, explaining that the rise in the exchange rate of the dollar in the markets is linked to three reasons.
The first relates to the hoarding of the dollar by citizens, The second is the hoarding by the merchants for trading in trade. The third reason is related to the closure of banks and banking companies due to the ban.
He added that the central bank implemented a number of steps to control the exchange rate of the dollar by opening the window for the sale of hard currency, while instructing the bank employees to join and strengthen banks in the electronic dollar, not cash, and the dependence of traders on the transfer, so that some would not resort to searching for the dollar in the black market.
And revealed the presence of some weak souls speculating in dollars, so the central bank will try and in any way to curb this huge disparity and we expect this week to solve this issue related to the high dollar prices.
In turn, between the economic researcher Jaafar Baqer Alloush Al-Waeli, in a special statement to "Al-Sabah:" "The current rise in the exchange rate of the dollar is not a real rise as long as the Central Bank of Iraq did not resort to re-evaluating the exchange rate, but rather organized the process of withdrawing the dollar from His accounts in the US Federal Reserve Bank for deposits incoming to Iraq and pay 75 percent in dollars at 1118 and 25 percent paid in local currency at 1120 exchange rate, and this matter is limited to inward deposits and to clients of the central bank and banks exclusively approved.
And he confirms that the current rise in the exchange rate of the dollar from 1119 to 1128, then the decline has returned to 1126, i.e. an increase rate of 6 percent, which is an emergency rise due to the conditions of the ban, curfews, closing shops and small outlets with limited trade restrictions, except for food and necessary commodities, pointing out that Significant decline in oil prices has created a negative obsession for the citizen and has pushed a lot to move towards keeping the dollar as savings.
He believes that this rise will affect the daily transactions denominated in dollars and the prices of commodities that involve under these transactions, and that good signals for recovering oil prices and reaching $ 30 per barrel will allay some fears and the conditions of pressure on the excessive rise of the dollar will fade significantly, but remain for the changes that occur in The bases of the days are the decisive judgment in the directions of the dollar exchange rate, as well as the extent of its effect on the inflation rates or real price and income levels, and thus on the livelihood of citizens. "
To that, a member of the Parliamentary Investment and Economy Committee Nada Shaker Jawdat told "Al-Sabah" that the dollar exchange rates rise in light of these conditions that Iraq and all countries of the world go through naturally, but that will be reflected on the poor communities due to the high prices of goods and materials resulting from the dollar's rise.
It indicated, we need an insight from the government and its experts towards stabilizing the exchange rates of the dollar, so that it does not reflect negatively on those with limited incomes and poor societies.
Jawdat called on the government and the central bank to maintain the exchange rates of the dollar and provide cash subsidies for citizens to complete their personal requirements, which are not only related to the food basket, but personal belongings such as health supplies and medicines. link
Samson: The international coalition hands over its positions at the Habbaniyah base to Iraqi forces
4th April, 2020
On Saturday, the international coalition forces surrendered their area within the Air Force Base from the Joint Task Force - Operation Solid Torque to Iraqi forces.
Brigadier-General Vincent Parker, Director of Sustainability Affairs at the Joint Task Force - Operation Solid Resolve said that moving the base of progress (Habbaniyah) is another advanced step toward the ongoing partnership between the Iraqi security forces and the international military coalition against ISIS.
He also said that during the past month the international coalition handed over four bases to the Iraqi forces. LINK
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Samson: International Alliance: We delivered $ 3.5 million in equipment to Baghdad and 500 military personnel will leave Iraq
4th April, 2020
A coalition spokesman, Colonel Miles Cogens, announced on Saturday that the coalition forces handed over $ 3.5 million worth of equipment to the Iraqi government.
"The coalition is leaving the al-Takadum air base (Habbaniyah) and transporting equipment and buildings, including approximately $ 3.5 million, to the Iraqi government," Ciggins said on Twitter.
He added, "500 members of the coalition will leave," noting that "the Iraqi security forces were and are still able to confront ISIS in Anbar Province." LINK
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Don961: Deputy: The net of Iraq from selling a barrel of oil has become $ 13 .. and it is far below the salary insurance ceiling
Economy 04/04/2020 13:50 305 Editor: am
Baghdad today - Baghdad
Member of Parliamentary Finance Committee, MP Ahmad Hama Rashid, revealed on Saturday (04 April 2020) the net sale of Iraqi oil barrels at the present time, while determining the price that secures the provision of employees salaries after the oil money goes to the federal budget.
Rashid said in an interview with (Baghdad today), that "the price of selling Iraqi oil in global markets reaches 22 dollars today," noting that "9 dollars are deducted from each barrel as different costs, so that the net sale remains 13 dollars per barrel entering the country treasury." .
He added, "The figures show the size of the huge material damage to the collapse of oil prices, especially since the price of a barrel at 31 dollars is what secures the provision of employee salaries according to the current production."
Regarding the basic income of citizens, Rashid stressed, "The basic income is a simple financial program based on the idea of distributing an equal financial share to all Iraqis, regardless of their segments, which are best suited to the current situation, especially with the collapse of global oil prices and the challenges of the Corona virus, these matters need to have a government In order to push towards the adoption of an emergency budget, to pull the country out of its current crisis. "
He explained, "The basic income depends after securing the salaries of employees and supporting the health institution, and it will provide money for all citizens, including the poor, to purchase their basic needs, and leave the citizen free to buy what he wants, but the card file represents for years one of the largest corruption files in the country."
He pointed out that "pushing the citizen to buy what he needs and rely on local production will lead to providing endless job opportunities, especially with real implementation of the term of protecting national production, and opening the doors of investment in all sectors, to secure the needs of the people from materials and goods."
Oil prices fell on Friday, after yesterday had recorded its biggest gains for one session ever, as prices jumped more than 20%.
On Thursday (02 April 2020), the Kingdom of Saudi Arabia called for an emergency meeting of the OPEC alliance and other countries in order to rebalance the oil markets. After that, the Minister of Oil, Thamer Al-Ghadban, confirmed that Iraq supports Saudi Arabia's call for an urgent meeting of OPEC, and the return of stability in the oil markets. link
Frank26: 4-4-2020. Q&A
This video is in Frank’s opinion only
https://www.youtube.com/watch?v=3Z9q3aiq3nE&feature=youtu.be