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MilitiaMan and KTFA Members "WOW" 6-27-2020

.KTFA:

MilitiaMan: They handed over the database of the employees. That would cease the multiple salaries and or payments. This is a deal and it is now accountable from the looks of the signing. They have their unified position and is all about transparency and accountability. (See articles below)

The fake made up employees are not going to fly anymore.. Well they surely wont be getting more than a fair share.

So, this article is on the last day of this week, which is today!!

This looks to be the comprehensive deal that is done now and what we have been waiting for.. imo!

Love it! imo It is timed right before the adjustments to be made at the borders with taxes, tariifs and fees that will be electronically monitored allocated accordingly..

Wow... The timing is imo HUGE!! The HCL/2019 FMLA, salaries, etc, is in this ... Wow !! ~ MM

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KTFA Members "News and Views" Friday 6-26-2020

.KTFA:

Samson: By the end of this year, we will suffer a financial deficit of 40 trillion dinars

10:00 - 26/06/2020
Between a member of the Parliamentary Finance Committee Haneen Al-Qaddou, that Iraq will suffer from a budget deficit by the end of this year to reach 40 trillion dinars, stressing at the same time the need to control non-oil imports such as ports, taxes and collection to reduce the deficit to the natural limits.

Al-Kiddou said to "Information", "There are expectations that the government will present the budget on June 30 to the House of Representatives in order to vote on it."

He added, "There are speculative figures related to operating expenses, imports for each month, expenses for the coming months, employee salaries and ruling expenses, as we will suffer at the end of this year from a financial deficit of 40 trillion dinars."

And he stated that "overcoming the financial crisis must be through applying pressure on the border outlets, collecting electricity, taxes and other imports to reduce the financial deficit to normal limits."

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MilitiaMan and KTFA Members "They Are Ready to Go" 6-25-2020

.KTFA:

MilitiaMan: Mechanism for opening government documentary credits with private banks

24th June, 2020

Mechanism for opening government documentary credits with private banks ...

Banking Supervision Department 97/30 2020/9/23: NO: Date: Ministry of Finance/Financial
Accounting Department Opening governmental documentary credits with private banks is a
good greeting ..

Based on the decision of the Cabinet of Ministers of Economic Affairs
Committee numbered (113) on 2019/2/12 and the confirmation of the Minister of Economy
in its sixteenth session held on 2019/7/ 5 Concerning the issue of opening current accounts
in banks, a mechanism for the self and central funding departments to use them for
the purposes of opening documentary credits exclusively without the mediation or
approval of the Ministry of Finance or the Iraqi Trade Bank, with a ceiling of (50) million,

And with reference to Article (49) of the Financial Management Law Federal No. (6) for the
year 2019 including the following (allowing the unity of the agreement or self-funded
administration to open a current account with the opinion of a government or private bank
and good credit rating of the bank determined by the Central Bank of Iraq).

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KTFA Members "News and Views" Thursday Afternoon 6-25-2020

.KTFA:

Samson: Deputy: Al-Kazimi's visit to Washington will be a formal one and will not touch on the Americans' exit schedule

19:42 - 24/06/2020

On Wednesday, the independent deputy, Bassem Khashan, described the upcoming visit of Prime Minister Mustafa Al-Kazemi to the United States of America as a formal one, while noting that the visit would not touch on scheduling the departure of American forces from Iraq.

Khashan said in a statement to "Information", that "Al-Kazemi agreed with Washington that US forces will remain before assuming the functions of prime minister," noting that "his upcoming visit to Washington will be a formal and a blessing for him to assume the position of prime minister only."

He added that "Al-Kazemi will refrain from touching on the scheduling of the exit of American forces from Iraq during his visit to Washington," noting that "the discussions that started between the Iraqi and American government have no value and merely highlighting political muscles."

Yesterday, Tuesday, Foreign Minister Fouad Hussein confirmed that Prime Minister Mustafa Al-Kazemi will visit Washington next month.

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KTFA Members "News and Views" Wednesday PM 6-24-2020

.KTFA:

DELTA: GAME OVER

Don961: Customs takes measures to maximize the country's imports

Wednesday, June 24, 2020 Baghdad / Tariq Al-Araji

The General Customs Authority has initiated procedures that contribute to doubling the volume of revenue and controlling the movement of goods and goods entering the country through all border outlets, while confirming its endeavor to automate customs work through certified international companies to contribute to supplying the state treasury with additional amounts and reducing corruption and customs evasion.

The director of the General Customs Authority, Khaled Salah El-Din, said in a special statement to “Al-Sabah”: After the general orientation of the government, especially after the drop in oil prices and interest in controlling revenue from taxes and customs, and as far as the matter relates to the authority, I have prepared plans to achieve this, especially as customs revenues that were previously received It was not the required level due to many problems, noting the directness to dismantle a large part of it during the past few period and focusing on the automation of customs work properly and the management of work in this way will achieve customs revenue up to three times what it is now and reduce waste of public money and reduce Corruption.

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KTFA Members "Tuesday News" 6-23-2020

.KTFA:

Samson: Finance Minister: Al-Kazemi's government has a clear project in the process of economic and financial reform

23rd June, 2020

The Iraqi Finance Minister, Ali Abdul-Amir Allawi, said that the current government has a clear and ongoing project in the process of economic and financial reform

In his speech at the IRAQ FINANCE EXPO and followed by Al-Iqtisad News, Allawi stressed that the Ministry of Finance will present the reformative white paper to the Council of Ministers and Representatives in the coming days and will include large and broad reform packages in all economic and financial sectors

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KTFA Members "Monday News" 6-22-2020

.KTFA:

Don961: FROM THE CBI SITE ...

The central bank signs a banking arrangement document with the World Bank

As part of its strategy to develop its foreign reserves management in line with current and future developments, the Central Bank of Iraq signed a banking arrangements document with the World Bank's Reserves Management & Consulting Program ( RAMP ) Reserves Advisory & Management Program

This document aims to enable the Central Bank of Iraq to obtain technical support through the exchange of knowledge and experience in the field of investment portfolio management based on a performance indicator that helps to maximize financial resources, build human capital by exchanging knowledge and developing expertise in the financial field in accordance with best practices In the field of reserve management.

It is noteworthy that this program was developed by the World Bank in 2000, with the aim of building capacities and providing consulting and asset management services, and is considered a meeting place for a network of specialists, and it serves more than (70) members around the world, most of them are from central banks, managing nearly (2) One trillion dollars of sovereign assets.

The Central Bank of Iraq
information Office
May 13, 2020 LINK

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Delta and KTFA Members Late Sat PM./ Early Sun. AM

.KTFA:

DELTA: "IRAQ AND GCC AGREE TO ACTIVATE MEMORANDUM OF UNDERSTANDING BETWEEN THE TWO SIDES"

GodLover: Nice! The Gulf Cooperation Council (GCC) is a political and economic alliance of six countries in the Arabian Peninsula: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

DELTA: "ACTIVATE THE DECISIONS OF KUWAIT CONFERENCE"

JJimmyJJ: IMO, they're not just activating agreements, they're declaring they have liftoff.

"Iraq RI and transition to market economy, this is Cape Canaveral. You have cleared the pad all engines look good".

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Frank26 Video, MilitiaMan and more Friday Night 6-19-2020

.KTFA:

MilitiaMan: They are not talking about devaluation. They are talking valuation. WOW!! Get ready.. Alak is talking on a FRIDAY!!!!! Whooo whoooo. imo This is HUGE!! imo ~ ALAK talked on the holy day.. think about it..MM

Samson: : Al-Alaq: The devaluation of the dinar should not be the first line of defense to confront the financial crisis

19th June, 2020

The Governor of the Central Bank of Iraq, Ali Al-Alaq, stressed that the devaluation of the dinar against foreign currencies should not be the first line of defense to confront the financial crisis and bridge the budget deficit

In a letter addressed to the former Assistant Secretary-General of the League of Arab States, Legal Adviser to the Prime Minister, Dr. Fadel Muhammad Jawad, and obtained by Al-Iqtisad News, Al-Alaq said that “by virtue of the central bank’s responsibility for monetary policy, the study and review of the exchange rate is an ongoing matter from Before formations of the bank and its board of directors based on in-depth studies that take into consideration all factors and variables, indicating that" the exchange rate is not a sacred matter so that it cannot be compromised

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MilitiaMan Thursday Evening "Iraq is on the Fast Track" 6-18-2020

.KTFA:

Samson: Details .. Iraq and Iran announce a financial agreement and the exchange of basic commodities

17th June, 2020

President of the Central Bank of Iran, Abdel Nasser Hamti, stressed the expansion of monetary and banking cooperation between his country and Iraq, revealing the use of a joint mechanism to accelerate the supply of basic commodities.

Hamti, who arrived in Baghdad this morning, Wednesday, to discuss joint monetary and banking cooperation between the two countries and during his meeting with the Director of the Iraqi Central Bank, Ali Al-Alaq, "We have reached during the previous visits to good and constructive agreements through proposals that have been put forward by both sides, and it was agreed to use the resources we have in Iraq to buy goods that are not part of the economic sanctions, and we also reached a good understanding during our visit."

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Delta and KTFA Members "News and Views" Thursday 6-18-2020

.KTFA:

DELTA: Our valued customers ..

The Administration of the Iraqi Trade Bank would like to inform you that the new schedule of prices for bank commissions will be implemented as of 07/01/2020.

To request the new price schedule, please visit one of our branches. So it required notice ...

The Iraqi Trade Bank

MilitiaMan: They are giving notice, like the notice that was given out recently for border fees, taxes, etc., and for shipping lines.. imo ….With a similar time frame? Isn't that interesting. I suspect they'll need those prices changed prior to or at least when they re instate their new currency.. The interesting thing is they have the new pricing now, from the looks of it.. lol ~ MM

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