Frank26, MilitiaMan and more Wednesday PM 5-20-2020
KTFA:
Frank26: KTFA FAMILY...........EARLY THIS MORNING I TALKED TO YOU SPIRITUALLY ON HOW TO AVOID CONFUSION. YESTERDAY I TOLD "THE 3" TO BE AWARE OF CONFUSION.
TODAY A FOLLOW UP ARTICLE FROM THE PARLIAMENT HAS BEEN RELEASED TO AVOID ALL CONFUSION ESPECIALLY FOR THE CITIZENS.
READ THE FOLLOWING ARTICLE FROM DON961 VERY CAREFULLY .
I ALSO SHOWED YOU THIS MORNING HOW THE CITIZENS ARE CONFUSED JUST LIKE YOU BECAUSE THE ARTICLES WERE SUCCESSFUL IN CONFUSING WHICH I SAID IS THE GAME PLAN RIGHT NOW.
KTFA Members "Tuesday News" 5-19-2020
.KTFA:
Samson: The US Treasury: The Seven Finance Ministers are looking to accelerate economies
19th May 2020
US Treasury Secretary Stephen Mnuchin telephoned the finance ministers of Canada, France, Germany, Italy, Japan, Britain, the European Commission, and the Eurogroup to discuss the economic implications of the Corona virus pandemic
"The finance ministers discussed current domestic and international measures and strategies to accelerate economic activity while proceeding to reopen our economies, and in line with the necessary health and safety measures," the Treasury said in a statement LINK
Delta, MilitiaMan and Mon. Night CC Replay for 5-18-2020
.KTFA:
Samson: Minister of Communications: We are working on implementing a project to automate border crossings
18th May, 2020
On Monday, Minister of Communications Arkan Shihab Ahmed confirmed that the ministry will implement the border crossing automation project, which in turn will provide the state treasury with a lot of financial revenue
A statement of the ministry seen by "Al-Iqtisad News" stated that "this came during a meeting with the delegation of the Parliamentary Services Committee headed by MP Walid Al-Sahlani," noting that "the Minister of Communications gave a full explanation of the future plans of the ministry and the most important projects that are working to implement them during the coming period, which Among the most important of these is the International Gate Project, which will mainly work to eliminate Internet smuggling operations, maintain the security of the country, and preserve the financial resources of the Ministry of Communications
MilitiaMan Sunday Night 5-17-2020 "Possible time Frames for the RI of the IQD"
.KTFA:
MilitiaMan: Post #169: There are things out in articles of late to support a change to the IQD could/may come between now and the 05/31/2020ish time frame for a possible reinstatement of the IQD.
Why? Well, there are things that support going out to the 31st for many reasons, then there is support for a prior to the 22nd period, and even a sooner time frame..imo.
For instance, the UNSC meeting minutes told us that the UN will be giving 2 billion Dinar to Iraq.. That hasn't been done yet, imo.. They'll have to raise the rate for that small amount to do any projects of any substance or worth while..
\That 2 billion Dinar support, has me in a "literally" at any time frame now through the end of month, but, it supports to me a sooner rather than a later aspect. imo
Why? The world needs the RI, or they wouldn't have created the FIMA facility, CML, SLL, TALF, etc., all of which are money related facilities and or laws in place to move money transparently, fairly and smoothly around the world, and there is noted to be a need to put other currencies into the IMF SDR Basket of currencies. The World Bank and IMF suggested if there was a time to bring currencies into the basket, the time is now .
By them clearly bringing this up about the SDR basket now due to the on goings of all those things above and with the REPO market being in the state it is what and having the imo ""COV19 "" masking, the time is now.
The REPO market is interest rate oriented and the amounts of money that need to move to bail markets out is and will be staggering in scope and it is needed globally. That maybe why or is why the World Bank and IMF keep talking about the SDR basket.
The UNSC meeting was on the 13th.. Timed perfectly prior to a reporting schedule they have bi monthly and by them giving the money of 2 billion Dinars. Not in Dollars. The amount of 2 billion Dinars at a program rate is not going to do much but, with an international calculation applied to it sure would.
KTFA Members "News and Veiws" Sunday PM 5-17-2020
.KTFA:
Don961: 3 options top the measures to confront the economic crisis .. What is the story of private budgets?
2020.05.12 - 12:40
Baghdad - people
Member of the Parliamentary Finance Committee, Muhammad Sahib al-Darraji, stressed today, Tuesday, the importance of adopting a special budget if oil prices continue to decline.
In a statement to the official agency, followed by Nass, (12 May 2020), Darraji said, "There are measures that must be taken to face financial distress other than internal borrowing or prejudice the central bank's reserves," noting that "among these options is a price change." Exchange and stopping imports, in addition to stopping the currency auction and other economic measures.
KTFA Members "News and Views" Saturday 5-16-2020
.KTFA:
Samson: Iraq Stock Market Report
15th May 2020
Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 15th May 2020).
Please click here to view a table of listed companies and their associated ticker codes.
The RSISX index ended the week at IQD552 (+0.7%) / $573 (+0.7%) (weekly change) (-16.2% and -18.2% YTD change, respectively). The number of week traded shares was 2.1 bn and the weekly trading volume was IQD2.2 bn ($1.8 mn).
Note: ISX will be closed starting from May 22, 2020 due to the religious holiday of Eid Al-Fitr. The next trading session will be held on May 31, 2020. ISX will resume trading five days a week starting May 31, 2020 (Sunday).
Frank, MilitiaMan and KTFA Members Friday PM "China Syndrome" 5-15-2020
.KTFA:
Frank26: THIS IS WHAT OUR FF SAW ........ TOO BAD SOME DON'T UNDERSTAND THIS ..... THAT'S MY 3RD SENSE ......(smile)
Don961: Parliamentary source: Al-Kazemi's government will print the currency to pay employee salaries
Thursday 14 May 2020 | 3:30 pm Baghdad / ...
Parliamentary source confirmed, Thursday, that the government of Prime Minister Mustafa Al-Kazemi will go to print a new local currency in order to pay the salaries of employees.
The source said to "Eye of Iraq News", "This measure is one of the solutions to overcome this economic crisis that is ravaging the country, so it is necessary to find harmless solutions for future generations such as the use of cash or gold reserves in the central bank."
KTFA Members "News and Veiws" Wednesday 5-13-2020
.KTFA:
MilitiaMan: Parliamentary committee determines options to address financial distress
Editing Date: 12/5/2020 13:31
[Baghdad-Ain]
The Parliamentary Finance Committee, today, Tuesday, outlined several options to face the financial hardship due to the drop in oil prices due to the Corona crisis.
Member of the Committee, Deputy Muhammad Sahib Al-Darraji said in a press statement that "there are measures that must be taken to face financial distress other than internal borrowing or prejudice the reserves of the Central Bank," noting that "among these options is changing the exchange rate and stopping imports in addition to stopping the currency auction and economic measures Other. "
KTFA Mon. Night CC Replay and Members "News and Views" 5-12-2020
.KTFA:
Samson: Parliamentary Finance confirms that the budget file for 2020 will be finalized
09:10 - 12/05/2020
The Parliamentary Finance Committee confirmed, on Tuesday, that the budget for 2020 budget will be decided and sent by the government to parliament for the purpose of voting on it, pointing out that the month of July should witness the discussion of the 2021 budget.
"It is hoped that the Parliamentary Finance Committee will have a meeting with Finance Minister Ali Abdul Amir Allawi to discuss the Ministry's plans regarding the budget and the mechanism to bypass the current conditions in light of the low oil prices."
He added that "the Finance Committee will discuss with the Minister of Finance the plans of Prime Minister Mustafa Al-Kazemi regarding the 2020 budget and the outlines and priorities of the government regarding the budget."
And that "legislation for the 2020 budget law needs to speed up the budget completion process because the government and the financial committee must start discussing the 2021 budget during the month of July, so it is expected that the 2020 budget will be sent in the next few days."
Delta and KTFA Members Monday Afternoon 5-11-2020
.KTFA:
DELTA: News about the nomination (Magda Tamimi) for the post of Governor of the Central Bank of Iraq......
GreenTreeMusic: Yeah!!!!! so good….this lady is incredible ….she has been pushing for the monetary reform for years!!!!! Boom!!!!
DELTA: THIS LADY IS AMAZING IF SHE GET IT.......SHE IS PRO RI FROM LONG TIME AGO......
Happygolpher: Tamimi is all about exposing poor policies, corruption & poor decision making. Could be a very good candidate
Jake: Nice! Does this have to go for a vote, Delta? Wondering how long this process of her being seated will take?
DELTA: NO.......... PM CAN TAKE ALAQ AND PUT HER IF HE WANTS OVER NIGHT......LIKE MALIKI DID WITH SHABIBI .......BUT WE WILL SEE WHAT HAPPEN... I WILL COVER MORE ON CC...
KTFA Members "Sunday News" 5-10-2020
.KTFA:
Samson: The stock market starts its week in green
10th May, 2020
The stock index rose, Sunday, by 0.10% in the first session this week
The session witnessed trading of 1.04 billion shares, at a value of 972.2 million dinars
During the session, the shares of 7 companies, which were offered by Asiacell Communications, rose by 8.95%, followed by Al Mansour Pharmaceutical Company, by 6.88%
While the number of losing companies reached 8 companies offered by the shares of Mosul for the cities of the games by 4.76% and the investment bank shares by 4.35%