Frank26 and KTFA Members Late Saturday Night 5-2-2020
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KTFA:
Iggy: Here is a quote by - Charles R. Swindoll
The longer I live, the more I realize the impact of attitude on life. Attitude, to me, is more important than facts. It is more important than the past, the education, the money, than circumstances, than failure, than successes, than what other people think or say or do.
It is more important than appearance, giftedness or skill. It will make or break a company... a church... a home.
The remarkable thing is we have a choice everyday regarding the attitude we will embrace for that day. We cannot change our past... we cannot change the fact that people will act in a certain way. We cannot change the inevitable.
The only thing we can do is play on the one string we have, and that is our attitude. I am convinced that life is 10% what happens to me and 90% of how I react to it. And so it is with you... we are in charge of our Attitudes.
Frank26 and KTFA Members Saturday AM 5-2-2020
.Safe Travels to Frank and Tink, God Bless and Get Well soon.~The Recaps Team
KTFA:
Clare: UPDATE FROM FRANK:
FAMILY, FRANK WANTS YOU ALL TO KNOW THAT, BECAUSE OF THE SIZE OF THE TUMOR THAT NEEDS TO BE REMOVED… IT WILL BE NECESSARY TO HAVE TWO SURGERIES…
FRANK IS REQUESTING, PLEASE, HOLD BACK ALL CALLS & TEXTS WITH REMEDIES & ADVICE, BECAUSE FRANK & THE DOCTORS HAVE A PLAN IN PLACE…
HOWEVER POUR OUT YOUR PRAYERS ON THE FORUM…THOSE PRAYERS ARE GREATLY APPRECIATED…THANKS & GOD BLESS YOU ALL.
Frank26 Video "REER" and more Wednesday Evening 4-29-2020
.KTFA:
Real Effective Exchange Rate – REER Definition
What Is the Real Effective Exchange Rate – REER?
The real effective exchange rate (REER) is the weighted average of a country's currency in relation to an index or basket of other major currencies. The weights are determined by comparing the relative trade balance of a country's currency against each country within the index.
This exchange rate is used to determine an individual country's currency value relative to the other major currencies in the index.
Key Takeaways
The real effective exchange rate (REER) compares a nation's currency value against the weighted average of a basket of other major currencies.
Countries with the largest trading relationships would typically have the largest weightings in this comparative index, while countries with small trading relationships would have smaller weightings in the basket of currencies.
REER is used to evaluate how a currency is fluctuating against many others at once, and is also used in international trade assessments.
KTFA Members "News and Views" Wednesday PM 4-29-2020
.KTFA:
Samson: Parliamentary Finance: We rejected two official requests from the government to reduce and save employee salaries
19:54 - 04/28/2020
The Parliamentary Finance Committee announced on Tuesday that it formally rejected two government proposals submitted to Parliament to reduce the salaries of employees and compulsory savings.
Member of the Finance Committee Shirvan Mirza told / "The information" that "the government submitted several proposals to Parliament and the Finance Committee specially to address the financial crisis."
He added, "Among the proposals submitted is to reduce the salaries of employees and compulsory savings," noting that "the Finance Committee has formally responded by rejecting the two proposals, and citizens cannot be charged with successive fiscal policy mistakes of governments."
Mon. Night KTFA CC Replay and more Tuesday PM 4-28-2020
.KTFA:
Samson: Al-Rafidain: Many employees received their salaries for the month of April from the bank’s branches
28th April, 2020
Al-Rafidain Bank announced that many state departments employees received their salaries from the bank's branches located in Baghdad and the provinces.
The bank’s media office said in a statement that Mawazine News received a copy of it. He pointed out, "The distribution of the salaries of state employees will be according to specific timelines for each department."
The statement indicated that "the employee or retired person has the freedom to choose to receive his salary from anywhere he is with an electronic card."
Frank26 Video And KTFA News Monday Afternoon 4-27-2020
.KTFA:
Frank26: 4-27-20 —8, 9 AND 10.
THIS WHOLE VIDEO IS SOLELY IN FRANK26'S OPINION
KTFA CC Monday Night at 7pm est
Delta will be joining us. We will be talking about things, for example the CEO of the ISX who prepared the ISX to receive a new rate. We went over in in depth M, W and Sat.
The meeting with the CBI and the Fab4 –they got the rate. (the Fab 4...the IMF, World Bank, U.S. Treasury, and the President of the United States of America...????)
THE ISX is ready to receive the rate. And not only is the ISX going to receive the rate from the CBI and those meetings, but it will be so powerful it will go beyond the Iraqi Stock Exchange. And the International world knows this and is well prepared.
Late Sunday Night KTFA Members "News and Views" 5-26-2020
.KTFA:
MilitiaMan: From Sunday 4-26-2020 The ISX site is down and my understanding it has been down for a significant amount of time today on and off and even before they started/if they started trading. The data is accurate, as I write this from the CBI statistics site. 11:03 04/26/2020.. ~ MM
https://cbiraq.org/DataValues.aspx?dtFrm=01/31/2005&dtTo=04/26/2020&tmId=384&dtformat=MMM,yyyy
http://www.isx-iq.net/isxporta.....yCode=BBOB
2Cents: Honestly MM, after that site posted a significant increased IQD rate for a while a few years back, I take everything posted there with a grain of salt.......Not saying it isn't accurate but I want to see the opening/closing index on the ISX site increased a thousand fold before I find the numbers posted above as accurate......
MilitiaMan: There was a major move in the ISX a few years back, yes there was. We all thought at that time they were ready to go, as noted in the data below they may have as well, but, imo they decided because of insecurity against it.. To hold off it may fail at this time and this is possibly why?.. ISIS was deeper than thought.
KTFA Members "News and Veiws" Sunday 4-26-2020
.Walkingstick: The next 18 months will be painful for oil-dependent countries
Issue 11341 Sunday, April 26, 2020 corresponding to 3 Ramadan 1441
Fitch: The Middle East is in danger of eroding its reserves.
The credit rating agency Fitch said that the economies of the Middle East face the risk of eroding their cash reserves, which were built during more than two decades of increasing improvement in crude oil prices, due to the increase in global demand. But cheap oil prices on the global market are dragging the oil-producing countries of the Middle East into collapse, whose economies are largely dependent on crude oil production and exports
The drop in crude oil prices seriously threatens most oil producing countries in the Middle East and North Africa, which need oil prices between $ 60 to $ 85 and possibly more, to balance their budgets.
Frank26 Q&A, Delta and more Saturday Night 4-25-2020
.KTFA:
DELTA: Secretary General of the Council of Ministers makes proposals to preserve the value of the Iraqi dinar, including preventing the import of cars and luxury goods
Baghdad / NINA / -
Secretary-General of the Council of Ministers Hamid Al-Ghazzi presented proposals to preserve the value of the Iraqi dinar, including preventing the import of cars and luxury goods.
The Secretary-General of the Council of Ministers Hamid Al-Ghazzi stated: "The proposals were to stop importing cars for six months and to allow the import of the previously agreed exclusively, especially since the prices of cars are fixed globally and there is no need for more cars at this stage
Delta, MilitiaMan and KTFA Members Saturday Afternoon 4-25-2020
.KTFA:
DELTA: FROM SOCIAL MEDIA A LETTER FROM MONEY EXCHANGE COMPANY
To the Central Bank of Iraq.
It is your duty to follow up on a very important subject, which is when anyone transfers money from abroad to Iraq (in exchange for paying a transfer commission for this company), the Iraqi citizen is surprised to receive the transfer in dinars, not dollars, at a very low exchange rate and not at the official rate !!!!
Please follow up on this topic and explain the reasons that lead to the deduction of a large percentage of people's money !!!
BillA: Thank you Delta......Would just love to know the exchange rate that was given... You know by, the official CBI.
Frank26, WS, MilitiaMan and Don061 "CBI and Fab 4 Meeting Notes" 4-23-2020
.KTFA:
Don961: Reducing the dinar price and its impact on the Iraqi economy
Wednesday 22 April 2020 Engineer Mohamed Sahib Al Daraji
In light of the current economic conditions accompanied by government failure in managing the file of monetary and financial policies in Iraq, the issue of devaluation has emerged, which is the devaluation of the Iraqi dinar vis-à-vis the US dollar and other currencies in a deliberate and deliberate manner, noting that this differs from the change in the exchange rate that is subject to For the supply and demand process in the currency markets.