"Wednesday News" Posted by Samson 7-8-2020

KTFA:

Samson:  Parliamentary finance is "resentful" by the government for not sending the budget

12:30 - 08/07/2020

Parliamentary Finance Committee, on Wednesday, expressed its strong dissatisfaction with the government for not sending the 2020 budget to the House of Representatives, indicating that the government's failure to answer the House of Representatives raises constitutional questions.

The committee’s rapporteur, Ahmed Al-Saffar, said in a statement to “Al-Maalouma”, that his committee “is surprised at the government's failure to respond to sending the state’s general budget for the year 2020 to the parliament.”

He added that his committee "fears a rift between the Finance Committee and the government in this regard," noting that "the government’s repudiation of the lack of response about sending a budget raises many questions."

Al-Saffar pointed out that "not to send the budget will expose the government to legal accountability." 

LINK

Samson:  Tax Authority: Revenues of the first half of this year exceeded one trillion and 500 billion dinars

8th July, 2020

Wednesday, the General Authority for Taxes calculated the first half of the current year.

"The tax revenues amounted to more than one trillion and 500 billion dinars during the first half of this year, despite the Corona pandemic measures and their impact on commercial movement," said Shakir al-Zubaidi, director of the commission.

Al-Zubaidi predicted, "The revenue will rise to double during the second half of this year to support the state's general budget."   LINK

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Samson:  Rashid Bank announces the payment of salaries of more than 100 departments

7th July, 2020

Al-Rasheed Bank announced, on Tuesday, that its branches will continue to pay the salaries of employees of the endemic state departments with their salaries with the bank, whose financing instruments have arrived.

The media office of the bank stated in a statement / Mawazine News / received a copy of it, that "the electronic payment unit delivered salaries to more than (100) departments in Baghdad and the provinces, in addition to handing over the salaries of many departments that receive their salaries manually."

The statement added, "The bank's staff work until late at night to ensure that salaries are paid without delay, and that employees with electronic payment cards can receive their salaries from the bank's branch network located in Baghdad and the provinces or from one of the approved Nakheel Master Card offices if they receive a download notification message Salary".    LINK

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Samson:  Baghdad-Erbil talks will resume next week

8th July 2020

The Deputy of the Patriotic Union of Kurdistan, Dylan Ghaffour, said on Wednesday that talks between Baghdad and Erbil will resume next week, noting that the two sides have not reached a conclusion regarding the oil file

Ghafour told Shafaq News, "There is an intention and will among the negotiating delegation of the Kurdistan Regional Government to resolve the differences and outstanding problems with Baghdad. She added, "The delegation of the Kurdistan Regional Government will visit Baghdad next week to complete the talks, especially those related to oil and the salaries of the region's employees

Ghafour said that "the oil file is one of the thorny issues, and the negotiating delegations did not reach a result regarding it," noting that "there are problems technically", regarding the oil file.. She noted that "the two parties want to reach solutions and resolve differences and problems related to the two governments

Ghafour indicated, "The delegation will be headed by Prime Minister Masroor Barzani or his deputy, Qubad Talabani," stressing, "The delegation of the Kurdistan Regional Government's determination to solve problems and reach positive results during his next visit

The previous Iraqi government headed by Adel Abdul-Mahdi had cut last April the salaries of state employees in the Kurdistan Region after accusing the region of not committing to an agreement to deliver 250 thousand barrels of oil per day to the company "Sumo" owned by Baghdad, which was denied by the government of Erbil

Al-Kazemi’s government agreed two months ago to launch salaries for one month for the region’s employees, and mortgaged it regularly on Baghdad and Erbil’s agreement on the oil file and the region’s share of the federal budget. Since the decision to cut the salaries of the province’s employees, the two sides have held three rounds of discussions in the capital, Baghdad, to resolve the differences

The military delegations of the two sides are also holding talks to form joint coordination centers in the disputed areas to fight the terrorist organization "ISIS", whose activity has increased in those areas since the beginning of the current world, taking advantage of the absence of coordination between Baghdad and Erbil   LINK

Samson:  International Organization: About 5 million Iraqis are below the poverty line as a result of Corona

8th July, 2020

The United Nations Children's Fund, UNICEF, said on Wednesday that nearly 5 million Iraqis are below the poverty line as a result of the outbreak of the Corona pandemic.

The organization said in a report that about 4.5 million Iraqis (11.7%) were pushed below the poverty line as a result of the Corona pandemic and the resulting social and economic impacts. The large losses in business and jobs, and the rise in prices, also caused the national poverty rate to rise from 20% in 2018 to 31.7%, according to the organization.

The report pointed out that with the additional percentage who fell below the poverty line of 15.8%, children are the most affected by the crisis. While one in five children was suffering from poverty before the crisis, the ratio almost doubled to two out of five children (37.9%) at the beginning of the crisis.

The report continued that 42% of the population is classified as a vulnerable group, as they face a higher risk of suffering from deprivation in terms of many dimensions, and not from one dimension of the following: education, health, living conditions, and financial security.

The report noted that the disruption of services and the adoption of negative coping strategies by poor families, would increase deprivation of the means of well-being, and increase inequality, especially among children.   LINK

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Samson:  "$ 10 billion in port revenue for corrupt pockets"

8th July 2020

A member of the Parliamentary Finance Committee revealed, on Wednesday, the depletion of funds amounting to 10 billion dollars annually due to the widespread corruption in the border crossings

"There is no accurate statistic about the size of border crossing revenues, but revenue is estimated annually between 10 and 12 billion dollars annually," committee member Jamal Cougar told Shafaq News. He added, "The annual revenues from the ports that enter the state treasury do not exceed two billion dollars, while the other money goes to the pockets of the corrupt

And last June, Iraqi Prime Minister Mustafa al-Kazimi told a news conference in Baghdad that "there are billions of dollars annually in outlets, and that there are gangs, groups, bandits and influential people, who sometimes control the outlets and at the expense of the state. Al-Kazemi vowed, "There will be a campaign soon to restore consideration to the outlets, and we will fight ghosts

Cougar said, "Successive governments have not been serious in fighting corruption and controlling border crossings and he added, "This can only be done by restricting the administration of the ports by the state, the presence of a military force capable of confronting the corrupt, transforming the work system from manual to electronic, and periodically replacing the existing cadres in the ports

Iraq is among the most corrupt countries in the world, according to the Transparency International index over the past years, and reports are always received by waste and embezzlement   LINK

Delta, MilitiaMan and KTFA Members "Polymer Based Money" 7-7-2020

KTFA:

Don961:  A "serious" note from specialists and interested in the money market .. Has Iraq resorted to printing the currency?

2020-07-07  Yassin Iraq: Baghdad

A page dedicated to currencies and exchange-rate monitoring posed a serious question looming over “printing the currency”.

The page wrote a post that was monitored by "Yassin Iraq" as well as some comments, which I indicated through the continued pumping and delivery of banks "new currencies", in a sign that raises the question of whether there is a printing of the currency without a cover of gold that threatens inflation and the loss of its value, which is the option that was previously It was proposed by some economists and government officials to address the economic crisis.

The post stated: “Before the printed dinar was new (sulfoned), we would only see it at the beginning of each new year, and after that it disappeared. This year, we entered the seventh month, and the banks distributed all new !!!”

Some comments wrote a different opinion stating that the new edition is based on the foundations of withdrawing the old and damaged currency, and printed an alternative to it with the same value. link

DELTA:  FAMILY THEY ARE TALKING ABOUT THE CURRENCY THAT WE HAVE  AND NOT NEW NOTE..(YET)  THE NEW EDITION WITH ALAQ'S NAME THAT WAS PRINTED IN 2018....PART OF 10K AND 25K HAD POLYMER ..MOST OF US HAVE THE OLD EDITION BUT NOT THE ONE WITH ALAQ'S NAME... THEY ARE BOTH LEGAL TENDER...  

Don961:  YUP .... IMO ... MORE DIFFICULT TO COUNTERFEIT ... COULD BE ANOTHER REASON THEY ARE PROMOTING THESE "NEW " REPLACEMENT NOTES ... TO CULL THE OLDER NOTES WHICH MAY HAVE BEEN EASIER TO COUNTERFEIT ... SO WHEN THEY DO EXCHANGE THE ZEROES FOR NSCN'S ... THERE WILL BE LESS HASSLE/FEWER PROBLEMS ... IMO

MilitiaMan:  The new "edition" money is looking to be a poylmer strengthened paper. imo (Sulfoned) is explained below to be a polymer based money. The new currency they distributed may very well be polymer, an anti bacterial currency with strength, longevity, forgery free and cheaper to print . Is this a leak or not? Maybe, maybe not. It is not the first leak we have seen..

But, lets take this to another line of thinking. Below they told us in 2016 they were considering using this new type of currency. They suggest to do so they need to bring value to the currency (see below).

Well, is that not a part of the White Papers or road map they have told us about? To bring Purchase Power to the citizens? I think so.

Just as we see today Alak making agreements with the Security Exchange Commission.. They also mention the have intentions of using the stock exchange for internal borrowing to provide liquidity. A much needed thing these days, as we see massive amounts for articles on the matter. 

They don't have new polymers in circulation now do they with 000s on them that I have seen or bought recently. In fact, there seems to be a drying up of supply of Paper Dinars, at least from what my research shows.

With that said, why would they have spent all the money on small category notes and then print or issue more 000s with polymer currency. They destroyed massive amounts of perfectly good currency in the Video Delta translated an talked about with us.

There was support for that they were spending more money, well metals cost more money than paper, let alone paper costs more than polymer.. So, it is not adding up that this is not more than just replacing old notes.. We have heard that there were leaks about money movements.

Here in this article about polymers is saying they confirm our suspicions on printing new. As, they say the "distributed all new".. Not at the beginning of the year, but, this month..

They tell us they are at the same value.. But, can they tell us a different value without an official announcement? Not imo can they.

They need to bring value to the currency to make them acceptable to those who will receive payments in the Dinar for imports. Again, Alak has been hard at work. (see bottom link) Making sure he has the Stock Market and Money Exchanger's on board and up to snuff "international regulation compliant" wise too.!! 

So from my view this looks very promising, as their ideas from 2016 may still be applicable. And if so, this may very well be more leakage if not flat out education a change is coming.. imo We shall see.. ~ Imo ~ MM

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"Sulfoned copolymer and method for cleaning surfaces and / or preparing ... -C 18 , M is a hydrogen atom or a cation of the same definition as mentioned above, ..."

Sulfopolyesters for paper strength and process

Abstract

Sulfopolyester thermoplastic resins provide advantages in papermaking processes and in paper products including paperboard. Improvements in wet strength and dry strength of paper products are achieved by addition of sulfopolyester thermoplastic resins and cationic strength additives during the paper making process. The use of sulfopolyester thermoplastic resins in paper products also significantly enhances the repulpability of the paper.

Clare:  BROUGHT FORWARD POLYMER........... THIS IS FROM 7/9/16 

FINAL ARTICLE #123

The article referred to in YT vid ... sadly site is no longer up and running .. was a viable economic news site based in Baghdad ... 

Upgrading of Iraqi currency  

 Date: July 9, 2016  Special - NEN Iraq   Author - Ahmad Salami

- Dinar plastic (polymer) 

- Restructuring of the Iraqi currency 

- Re-evaluate the value of the dinar

 - Iraqi dinar (polymer):

 1.eetm the use of plastic money and made of material plastic polymer high-efficiency rather than paper made from cotton material and paper used in the money industry today and that are exposed to rapid deterioration use life short and the movement of disease transition and endemic and infectious bunches bacterial with it and move on to people when you touch Kalmndel infested.

 2. plastic money outlive most of its peers paper twice a number of years and do not affect the high temperatures and humidity, water, dyes, crushing and does not allow the formation of clusters of bacterial Ovairoseh.

 3. plastic money security features very high degree forgery make it almost impossible to 99.9%.

 4. plastic money can be recycled after it is damaged and the use of new raw materials reduces costs to a very high percentage Unlike paper that Taathra and lose parts and comes with stickers or dyes, which burned and then buried. Nor used as the raw material.

 5.alncod plastic as far as being the most evolved its industry costs less than the cost of paper-based counterparts.

 6.dol world began a gradual transition to plastic money instead of paper and the first Arab state of Kuwait is applied to the new currency system.

 - Of Iraqi cash reserves of $ 53 billion for the year 2016 

- Iraq has reserves of 90 tons of gold 

 .. This is the cover of the Iraqi dinar.

 -hiklh Iraqi currency:

 - It must be the value of the Iraqi dinar to reflect the value of this financial cover 

- And who is currently (1118) dinars to one US dollar 

(According to the Central Bank of the price, of course), a very low value of digitally .. 

Make it difficult to deal externally Dinars let alone inside Iraq. 

 Iraq needs to restructure its currency (Iraqi dinar):

1. Delete the zeros phantom inflation inherited from the siege and war ..

2. Be the dollar value of 1 is equal to 1 dinar and 118 fils. 

3.eetm payment in Iraqi dinars for imports from China, Iran, Russia and Turkey are all state of understanding with them about the currency that is dealt with.

 Re-evaluate the value of the dinar:

Iraqi dinar code globally DI, and Fils F 

1. The re-evaluation of the Iraqi dinar, where every dinar equivalent of 100 fils and not in 1000 and make every penny is composed of 10 monetary units smaller name (NIS or rail) ..

And that each 1 $ = 1 DI and 18 fils. 

(Shekel unit calibration Sumerian worked for in Ur and Uruk like kilogram in the present day) 

2. production units metal younger groups most heavily for many Astkhamat payment and collection of taxes and fees and the rapid public attitudes and privacy, public transport, ATM and Lafrath in the markets) 

It produces metal categories:

- AED 10 fils 

- Quarter of a dinar 25 fils 

- Half KD 50 fils 

-danar 1 and is equal to 100 fils, as well as the issuance of paper has increased by only 20%.

If the improvement in the Iraqi economy, industrial and agricultural sectors, tourism and housing via the investment 

Add categories are less fils are 1 and 2 fils and 5 fils future ...

3. paper categories plastic polymer made of plastic resistant to damage and bacteria and fraud, namely:

-1 Dinars only 20% paper and 80 metal

Dinars -5

BD -10

25 dinars

JD 50

100 dinars limited trading major category of banking transactions and large international investment and business deals

Are forcing banks to deploy ATMs in every province and spend according to the market and the population density and the development of piggy banks levy metal sheet positions to collect mineral groups service fees compared to the corner the whole car managed .. The introduction of credit card banks of digital cash.

Delta and KTFA Member News 7-6-2020

KTFA:

Samson:  After Washington .. Al-Kazemi visits Europe for security and economic talks

6th July, 2020
The Parliamentary Foreign Relations Committee revealed today, Monday, a forthcoming visit by Iraqi Prime Minister Mustafa Al-Kazemi to European countries after a scheduled visit to Washington.

Committee member Amer Al-Fayez told Shafaq News that "Prime Minister Mustafa Al-Kazemi will head on a forthcoming visit to the United States of America at the head of a high-level delegation, to complete the strategic dialogue and schedule the withdrawal of the American army from Iraqi territory."

Al-Fayez added, "The visit was not scheduled, but it will come within the schedule of visits to the Prime Minister, which will be determined later to the countries of the region and some European Union countries, to enhance confidence and economic and security cooperation between Baghdad and the countries of the world."

And Foreign Minister Fouad Hussein announced earlier that Prime Minister Mustafa Al-Kazemi will visit Washington this July, to complete the strategic dialogue between Iraq and America.  LINK

Samson:  Parliamentary Finance: The salaries of the coming months will be paid on time for these reasons

13:20 - 06/07/2020

The Parliamentary Finance Committee confirmed, on Monday, that the salaries of employees and retirees for the coming months have been secured and will be paid by the indicative dates for each state institution, stating that the application of a single salary system and the abolition of multiple salaries need time.  
 
Cougar pointed out that "the process of completing the prohibition of paying salaries is time-consuming, as the first step that is currently taking place within each ministry and the other step will take place intersecting with all ministries and government institutions to detect duplication."  Member of the Committee, Representative Jamal Cougar, said in a statement to "Information", that "the delay in the salaries of the month of June was due to the lack of cash liquidity with the public treasury, as well as because of some ministries busy busy examining the double salaries and space."

He added that "the salaries of the coming months will be paid smoothly and without changing the dates of state institutions for a number of reasons, including the liquidation of cash after financial reforms were carried out and oil prices recovered, as well as the government's freedom of internal borrowing after the parliament voted to allow borrowing."   LINK

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Samson:  Parliamentary Finance: The Delay In The Distribution Of Salaries Is Due To Scrutiny In The Double Salaries
6th July, 2020

The Parliamentary Finance Committee suggested that the delay in the distribution of salaries of some ministries should be due to the scrutiny in the double salaries.

Jamal Kujer, a member of the Finance Committee in the House of Representatives, said in a statement affiliated to the Independent today, Monday, that “the House of Representatives gave the government the power to borrow immediately according to the borrowing law that was voted upon and that contains an article stipulating that the law will be implemented immediately after voting on it,” indicating that ”these loans are internal and hence the delay in the distribution of salaries is unjustified.

He added, "The arrangements for the distribution of salaries need a week to be completed, but if the government has reforms, it must announce them and be with the approval of Parliament."

Cougar suggested that "the reason for the delay is the double salaries that the government seeks to check and stop their salaries", calling on the government to "clarify the reasons for the delay, especially since the employee has many obligations."

In turn, Member of the Committee, MP Mohammed Al-Darraji, confirmed in a statement that the Independent received a copy of it, “There is no validity in salary delays due to the delay in converting the currency. He added, “On the basis of that, the cash liquidity in the Central Bank has been launched for the main banks (Al-Rafidain, Al-Rashid and TBI) and a notification must be received from the Ministry of Finance to the mentioned banks to release the salaries of employees.”

He added, "There will be no problem during the next three months because of the presence of internal borrowing," noting that "we are looking at oil prices and the reform plan that the Minister of Finance promised to present."   LINK

DELTA:  Microsoft News

VERY INTERESTING.......MICROSOFT EDGE.UNDER MY FEED SHOWING 10&5 TUNISIAN DINARS  BUT SAYING NEW IRAQ DINAR-RIGHT NOW...

New Iraqi Dinar - Right Now ~DELTA

Chappy86:  If it were a program Rate there would be no need for this denomination. IMO

DELTA:  I WILL JOIN MY BROTHERS.. MM & PETRA TONIGHT CC.... I WILL GIVE YOU AN UPDATE FROM IRAQ ...

KTFA CONFERENCE CALL... @ 7 PM EST ON YOUTUBE & THE PHONE

605-313-5164 PIN: 156996#

Playback Number: 605-313-5163 PIN: 156996#

KTFA Members "Sunday News" 7-5-2020

KTFA:

Samson:  Iraq wins an international position that it did not obtain in 50 years

5th July, 2020

The Ministry of Education announced today, Saturday, that Iraq won the position of Director of the Department of Science and Scientific Research at the International Science and Culture Organization (ALEXO) for the first time in 50 years.

She said in a statement received by Shafaq News Agency, that the Minister of Education and Chairman of the National Committee for Education, Culture and Science in Iraq Ali Hamid Mekhlef congratulated all intellectuals and academics on the victory of Iraq in the position of Director of the Department of Science and Scientific Research in ALEXO, which he did not obtain in 50 years.

He added that, "after strenuous efforts made by the Iraqi National Commission for Education, Culture and Science for two consecutive years, the fourth day of July culminated in the approval by ALEXO of this victory in its 113th session, which was held remotely after intense competition between seven Arab countries."

The Arab Organization for Education, Culture and Science (ALECSO) is a specialized organization, based in Tunisia, working within the framework of the League of Arab States and mainly concerned with the advancement of Arab culture by developing the fields of education, culture and science at the regional and national levels and coordination between them among the Arab member states. 

The organization was established under Article III of the Charter of Arab Cultural Unity, and its establishment was officially announced in Cairo on July 25, 1970.  LINK

Samson:  Al-Nusairi invites the Prime Minister to meet with private banks and address obstacles to their contribution to overcoming the economic crisis

5th July, 2020

The Economic and Banking Adviser to the Association of Iraqi Private Banks, Samir al-Nassiri, called on Sunday, the Prime Minister to meet with Iraqi private banks similar to his meeting with Iraqi businessmen for the purpose of discussing the obstacles to their work and their contribution to overcoming the economic crisis because without a sound and sound banking sector, no sound national economy can be built

Al-Nusairi said in an interview with "Al-Iqtisad News", that "Prime Minister Mustafa Al-Kazemi and the emergency cell for financial reform do not hide the complicated economic conditions and repercussions of the spread of Corona virus, political disputes and conflicts by the political parties and blocs that led to great harm to the national economy and stalled the economic cycle and economic stagnation Added to this are the accumulations and repercussions in the absence of a clear economic approach to previous governments, foggyness, and confusion of vision for real economic reform. And since the banking sector is the main link in the economic process, the current conditions have contributed to stopping the banking activity, especially the private banking activity since the outbreak of the demonstrations in October 2019, and so far, which has had clear effects on the lack of liquidity, low deposits, credit, loans and banking facilities due to the stop of working hours.  During the comprehensive roaming ban for more than 30 days and reducing the permanence and banking activity during the partial curfew, which led to a significant decrease in revenues, despite the many measures taken by the Central Bank in providing several facilities package for banks, including enhancing its liquidity by reducing the percentage of the legal reserve, postponing loan installments, stopping and postponing the imposed fines On the banks

"According to the analysis of official data and statistics, the structure of the Iraqi banking sector consists of 7 government banks that hold 86% of all government and public deposits and 78% of all assets and private banks constitute 70 commercial and Islamic banks and invest 78% of the capital of the Iraqi banking sector and did not get Only on 13% of the total annual profits achieved at the total level and that the goals set for the banking sector in all government programs of previous governments are focused on achieving them is lending for development and considering banks as a lever for development and restoring confidence with the public and achieving financial inclusion in the sense of expansion and spread by providing banking products and services and practicing Real banking and digital transformation of the banking sector

The financial and banking advisor explained, "Through an analytical view of the reality of the Iraqi economy and the challenges facing the financial and monetary policies, in particular the stimulation and revitalization of the economy by bank financing and banking facilities, the above challenges stand in front of its implementation at the present time despite the great efforts made by the Central Bank since 2016 to implement its strategic objectives for the years (2016-2020) which achieved such goals task and key notably developments structural and structural and technical in banks and increase the proportion of comprehensive financial and investment in Ras capital human and walk pace actively towards stability In the monetary system and achieving stability in the exchange rate since 2018 and still remains, however, private banks are in urgent and urgent need of government support by studying their problems in the current circumstance in the emergency cell for financial reform formed in the cabinet for the purpose of saving some private banks from collapse

....Al-Nassiri suggested the following

 First-that the nature of the activities of banks depends on the nature of the activities of the sectors of economic, and as long as the activity of economic is concentrated in the trade (imports) remains the activity of banks concentrated on the conversion external and associated so ..lma unless moving sectors other (industry, agriculture, tourism and others) do not expect the diversity of activity The banker

It is worth noting that without controlling imports, these sectors will not rise, which explains the lack of progress on serious loans through the Central Bank initiative to finance small and medium projects

Second, the legal environment must be provided and the rule of law should be extended in order to eliminate the phenomenon of defaulting in the repayment of loans, as bad debts amounted to (5 trillion dinars) up to 30 June 2020, and they constitute a large percentage of the total credit granted, and thus banks are reluctant to provide loans and facilities. Banking

Therefore, we see that the decisions of the Council of Ministers and the Economic Affairs Committee of the Council of Ministers that were previously issued to support the banking sector, especially private banks, are not activated. It led to obstructing the activities and activities of private banks and greatly affected their liquidity, revenues, and deposits for that, and for the purpose of overcoming the banks crisis, in a way that ensures banks moving from the role of banking to the developmental role and revitalizing banking work in the current circumstance requires the government, in particular the esteemed cabinet and the emergency cell, to activate the decisions previously issued The Council of Ministers and the Economic Affairs Committee are as documented with the following numbers and dates

 Third-activate all the decisions of the Committee Affairs Economic special support banks, special and in particular Mayati

1 ‐ The Ministry of Finance changed its decision not to accept it to open bank accounts for ministries and state departments in private banks and confine them to government banks according to its letter 207 on 31/1/2019

2 ‐ Activate the decision to allow ministries and government departments to open documentary credits in private banks up to $ 50 million without going through the Ministry of Finance and the Iraqi Trade Bank

3-Activating Resolution Council of Ministers No. 110 of 2009 and the decision of the Committee on Economic Affairs on 2012 141/2/20 concerning the conversion of government documentary banking up to 30 credits million dollars to private banks through the Trade Bank of Iraq

4-Activating the decision of the Committee on Affairs of Economic No. 253 of the year 2015. Regarding the acceptance of sukuk certified by private banks to pay insurance, customs fees and taxes

Fourth-activating decision Council of Ministers No. 378 of the year 2018 and the special levy fees of government in the departments of State of through payment mail

Fifthly: Activating the Financial Services Court formed in accordance with the Central Bank Law 56 of 2004, and the Court may refer cases that require referral to the competent courts in accordance with the applicable penal law

VI consider claims of debt distressed owed by customers in the banks own lawsuits urgent debts excellent like government debt

VII. Add to Mai PEOPLE by Bank Central of efforts requires the government is also working to provide conditions and take measures to help banks own to obtain the classification of credit approved internationally and thus enhance relations banking international with correspondent banks

Eighth - The Ministry of Finance compensated for the damage in the fixed and cash assets lost by the branches of private banks, which amounted to (37) branches in the governorates occupied by ISIS in 2014 and is documented by the Central Bank of Iraq

IX- activating the decisions of the Council of Ministers No. 313 of 2016 and No. 218 of 2017 and private employees' salaries and settling demand from government departments to settle their salaries according to their desire and directing them not to settle salaries in government banks exclusively

LINK

Samson:  The stock market starts its week with losses

5th July, 2020

Stock index fell, Sunday, in the first sessions of the week, as the index fell by 0.31%

The number of traded shares reached 468.7 million, valued at 446.3 million dinars

The index witnessed a decrease of 11 shares offered by Middle East Bank shares by 10.00% and Gulf Bank shares by 7.69%

While the shares of five companies, offered by the National Bank, increased by 8.00% and the shares of Zain Bank of Iraq increased by 2.70%

Foreign investors sold 8 million shares, worth 27 million dinars LINK

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Samson:  Brent crude is expected to reach $ 60 a barrel

4th July, 2020

On Friday, experts at Capital Economics expected that Brent crude prices would rise to $ 60 a barrel by the end of 2022 from their current levels of $ 42.

These expectations come despite the slowdown in demand for crude oil in light of OPEC + cuts.

Experts at the bank indicated that it is likely that oil prices will not rise quickly, and that recovery in demand for crude oil will be slow, especially with the increase in the numbers of infections with the Corona virus again, which may raise concerns about a second wave of the virus.    LINK

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Samson:  Private banks: The capital of banks operating in Iraq amounted to more than 15 trillion dinars

09:42 - 07/05/2020

The Iraqi Private Banking Association revealed the size of the Iraqi banking sector, as the capital of banks operating inside the country reached more than 15 trillion dinars.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq said in a statement received / information /, a copy of it, that "the data prepared by the Central Bank indicates an increase in the capital of the banking sector to more than 15 trillion dinars."

Tariq added, "The banking sector has witnessed a great development during the past years, and was able to increase the volume of lending and deposits in banks, which will positively affect the Iraqi economy, especially after the central bank reduced interest on small and medium projects."

Tareq stressed that "the capital of Iraqi banks reached until the year 2019 more than 15.3 trillion dinars, divided into 3.3 trillion dinars, the capital of government banks, while the capital of private banks amounted to 12 trillion dinars", noting that "deposits in the banking system amounted to 82.1 One trillion dinars, of which 71.38 trillion dinars are in government banks, while in private banks 10.72 trillion dinars.

Tariq pointed out that “cash credit amounted to 42 trillion dinars divided into 34.2 trillion dinars provided by government banks and 7.8 trillion dinars provided by private banks, while pledge credit amounted to 25.2 trillion dinars divided into 17.2 trillion dinars from government banks and 8 trillion dinars from Private banks.”

He stressed that "bad debts amounted to 4.1 trillion dinars divided into 2.37 trillion dinars in government banks and 1.77 trillion in private banks, and this failure is due to the lack of commitment of borrowers to pay back borrowing money, explaining that the profits of banks during the past year amounted to 1090 billion dinars divided into 956 billion Dinars for government banks and 134 billion dinars for private banks.    LINK

Don961:  The Iraqi Institute for Economic Reform contracts with experts

Saturday 04 July 2020  Baghdad / Al-Sabah 

The Iraqi Institute for Economic Reform seeks to contract with experts who can supplement the Institute's sessions with proposals, by submitting a policy paper and by two papers in session.

A statement of the institute conveyed that this step comes in line with the principle of societal partnership in formulating economic reforms in cooperation with (CIPE) to organize three electronic dialogue sessions, in order to issue reform packages that address the challenges faced by the national economy.

The statement pointed out that the three sessions will stand at three important joints in the national economy,as the first focuses on rationalizing public spending, addressing slack career and reforming the salary scale and the role of the private sector in that,while the second joint stands when working on developing the private sector and providing the necessary financial liquidity

The third chapter deals with maximizing public revenues through tax and customs channels.  link

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Samson:  The Iranian riyal continues its decline and records a new record collapse

5th July, 2020

The Iranian riyal continued its decline against the dollar, to record today a new record collapse of 217 thousand riyals per dollar. Iran is living in deteriorating economic conditions as a result of the US sanctions and the spread of the Coruna virus.

In the meeting of the government economic team, Iranian President Hassan Rouhani directed the central bank to control the foreign exchange market, and pointed to the disruption of trade with neighboring countries during the past months due to the Corona pandemic, and said that "stability will return to the economy, and the currency market, after the return of import and export in the future To what it was before the Corona outbreak."

Rouhani said that "the enemies seek to manipulate the prices of the dollar, gold coins and investment markets," considering that they are "tools of psychological enemies to confront Iran," stressing that "the enemy will not succeed in pushing the Iranian economy toward collapse." Rouhani denied that the economic situation was beyond the control of the government, and said that "the country's economy is under management."

Representatives in the Iranian parliament are seeking to pressure the government against the background of economic conditions, as dozens of deputies signed a project to hold President Hassan Rouhani accountable regarding the collapse of the national currency, the high prices of real estate and cars, and the nuclear deal.   LINK

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Samson:  The Integrity Committee opens the file of looted funds

5th July, 2020
The Parliamentary Integrity Committee spoke, on Sunday, of the file of looted funds.

Member of Parliamentary Integrity Committee Jawad Hamdan promised, "The visits of the Iraqi delegations to the countries of the world are an affirmation of the economic importance of Iraq and its pivotal role in the region and the world, and it promotes economic openness in its Arab and international surroundings."

Hamdan pointed out that "Iraq’s important strategic location in the way of trade will contribute to restoring its economic role and strengthening its position among the countries of the region." the parties". Hamdan stressed "the importance of eliminating corruption and working seriously to recover the stolen money and laying down plans to recover this money." 

It is noteworthy that an Iraqi ministerial delegation arrived Friday to Beirut on an official visit that included the two oil ministers, Ihsan Abdul Jabbar and Agriculture Muhammad Al-Khafaji, to discuss issues of common concern, particularly the oil, health and tourism aspects, while there is an upcoming visit of a Lebanese ministerial delegation to Baghdad to complete the talks between the two parties. The final touches of the agreements that took place between the two sides in Beirut.   LINK

MilitiaMan Sunday 7-5-2020 "A Whole Lot Of Smoke"

KTFA:

Parliamentary Economy: Ports revenue 10 billion dollars, only 1 billion received    LINK

MilitiaMan:  The road map for ports to get revenues in line and on track is very important and is looking to be a priority.

The taxes and fees are a major source of income that needs to be locked down and away from corruption. The disparity between what they suggest they get compared to what is really going through the ports is staggering and it won’t be tolerated any more.

They know that the source of revenues will match or beat the amount of monies that is derived by present oil proceeds annually.. This is a key for paying salaries and funding future budgets.

Salaries have yet to be dispersed thus far. It is said they will be paid tomorrow with borrowed funds from the Ministry of Finance.. over a 10 year period? Wow!

The  MOF knows that sort of behavior is frowned upon globally. It makes little to very bad business sense and goes against the citizens needs and is something the demonstrators are against.

Paying salaries at a program rate again for the next three months sounds to me to be fake news. They have shown in articles at least five varying reasons about the delay in payments..

Without the 2019 FMLA exposed they’ll not come to a 2020 budget nor a 2021 budget.

Salaries not paid because...

1. Just waiting for hard currency exchange.
2. Bonds are being liquidated...
3. Internal borrowing from Private Banks
4. Application forwarded for an IMF loan.
5. Will pay salaries tomorrow or after. (BB’s) 

So, with those inconsistencies we can see there is an underlying issue and it may not be what it appears.

The mechanisms needed to pay salaries are related to the unity of the country to be fair in distribution of funds from all provinces.

Seems the Kurds believe that they are superior and don’t have to play by the rules and can take what they want and when they want even when it goes against their own people..

Iraq’s wealth is to be distributed fairly and it should be.. At this juncture it would behoove them to get the lead out and come to an agreement so that they don’t implode..

They know all to well that the gravy train is coming to an end. They are the ones that denied they didn’t pay salaries, yet, they give us an example they will distribute through 07/15/2020, the same day of Alak’s tenure at the CBI.

By them rolling out payments over time suggests there is questionable practices, who gets them first, why not all at once and why roll them out to that specific day? Are the actually paying anyone? All unanswered questions thus far.. imo 

My view is there is more to the story and it is locked in the dialogue between Baghdad and Erbil. Entrenched in the 2019 FMLA.

If it wasn’t we would not be here at this point in time. The road map or White Papers peered reviewed globally tells us they have a plan and one key component is to raise the exchange rate to go to a market economy.

That key point is a part of the first phase not the last phase that Kahdemi told us he would have completed within 60 days. That alone flies in the face of we need more time to do reforms..

So, imo the borrowing through the MOF seems to be out of place and misinformation is seemingly abundant and at many levels.

Just as we were told that there would be propaganda Involved in the process or monetary reforms and economic reforms  that would be present in the process, by Dr. Shabibi..

We shall see how this unfolds. Don’t forget they told us the solution was to go to a market economy and raise the value of their currency and not borrow to pay salaries and pay interest on it for 10 years!!!

A Whole lot of SMOKE.. Imo ~ MM   

Assadi, after being assigned to head the National Security Agency: there is no return to terrorism and we will expel all of his cells   LINK

MilitiaMan:  The new PM still hitting the ground running. A new NSA man on the side of the People in Iraq and not Iran.. A good thing.. imo ~ MM

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Former deputy: Al-Kazemi's government will not achieve  anything   LINK

MilitiaMan:  The man has achieved many things, one in particular was replacing a key man at the NSA.. imo The corruption files are probably a key factor coming to those that have it on their hands. All that loot that was stolen.. Might start talking before they doors start a knockin.. imo.. ~ MM

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Samson:  The Parliamentary Foreign Ministry suggests that a number of representatives of large blocs join the negotiating delegation

5th July, 2020
The Parliamentary Foreign Relations Committee suggested that a number of representatives of large blocs join the delegation of Prime Minister Mustafa Al-Kazemi during the upcoming dialogues with the United States of America.

Committee member Amer Al-Fayez said in a statement that Al-Kazimi's visit to Washington has great dimensions, especially at the security level.

Al-Fayez indicated that Al-Kazemi is in the process of conducting visits to a number of neighboring countries and some European Union countries with the aim of strengthening the relationship with those countries in the economic and security fields.   LINK

MilitiaMan:  The delegation may want to mention that borrowing money to pay salaries for another 3 months is foolish and the USA and the UK know it.. imo.. ~ MM  LOL

MilitiaMan and KTFA Members "Getting the Lead Out" Saturday 7-4-2020

KTFA:

Samson:  Parliament: The government secured 3-month salaries ... then "God is generous!"

4th July, 2020

The Iraqi Parliament's Economy and Investment Committee revealed on Saturday that the government had three months' salary payments to the government

Committee member Nada Shaker Jawdat told Shafaq News that "the Iraqi government delayed the payment of salaries of Iraqi state employees, last June, because of the lack of liquidity to pay those salaries

She explained that "the government was seeking to obtain internal loans, for the purpose of securing salaries, and achieving that, and released salaries

And indicated that "the Iraqi government, through internal loans, has now been able to secure salaries for three months (June, July, August)", pointing out that "the payment of salaries will not be delayed in the coming months, as they are secured from now, after taking the internal loans

"After the end of the three months, we will see what the government will do to secure the salaries of the coming months," Jawdat added, adding, "God is generous until the end of that period

Iraq resorted to internal and external borrowing to secure operating expenses, chiefly the salaries of state employees, against the backdrop of the financial crisis caused by the drop in oil prices due to the Corona pandemic   LINK

Another Mailman:  So the secured salaries for June, July and August will be paid starting tomorrow. Being captain obvious, we should know what the dinar rate should be until the end of August at the earliest , very soon! For example, if the pensioners get paid 2,000,000 dinar a month or 2,000 dinar a month, fireflies should know this as of tomorrow, IMO!

Samson:  Kurdistan denies postponing the distribution of salaries

4th July, 2020

Kurdistan Regional Government spokesman Gutiar Adel denied, on Saturday, that there is any delay in distributing salaries in the region in any way, pointing out that the distribution process continues according to the announced schedule

A statement issued by Adel Ward to Shafaq News said that he denies allegations of any delay to the regional government in the process of distributing the salaries of employees in any way

Adel said that the Ministry of Finance and Economy in the region’s government will continue to distribute the salaries of all ministries, departments and bodies not affiliated with the ministry in accordance with the schedules it announces, pointing out that the distribution process will end on July 15     LINK 

MilitiaMan:  Seems odd they say they have the money to pay salaries, yet there is nothing, outside of the Kurds getting paid. And they are in a process through the 15th? This is not a normal circumstance is it? Could this be a roll out of sorts? I don't know but, the pattern I see is not normal behavior.

If there was an urgency to sort salaries, and they have the money borrowed which goes against what they say they are going to do in many articles about going to the secondary markets, raising the value of the IQD, etc.. This is only the Kurds region.. hmmm

Take note of the process they posture is out to the 15th of July.. Same as the last day of Alak's tenure at the CBI... LEts not forget that the PM called them out about selling oil to Israel. That wouldn't go over very well that they stole all that money.. Hence they are probably pressured to pay up or get strung up.. imo ~ MM

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Samson: Trebil port achieved more than 24 billion dinars in revenue last June

4th July, 2020

The Border Ports Authority announced, on Saturday, that it achieved revenues of more than (24) billion dinars at the Tarabel border crossing during the month of June.

The Authority stated in a statement that, "despite the zeroing of the customs duties for food, health and agricultural materials, the Trebil border port in Anbar Governorate achieved a financial revenue for the state treasury in the amount of (24,942,881,000) Iraqi dinars for the month of June 2020, on the value of the customs and tax revenues achieved as a result of the trade exchange At the border crossing."

"What has been achieved from the increase in revenues as a result of the tightening of control and auditing procedures and joint cooperation between the departments operating in the border port and the strategy of the organization directed to maximize the revenue supporting the state treasury to overcome the current financial and economic crisis that our dear country is going through."   LINK

MilitiaMan:  Here we go.. They are getting the lead out.. I like it. They have to at some point to literally go live with the market economy! This is an example they can! This is the confidence they need. Borrowing money to pay salaries in the way they imply is silly and not good business practice imo.. I don't think they powers to be have intenrtions to allow borrowing salaries in a manner they present.. Sorry, way to many things support they are not doing what they make it out to be.. We shall see.. imo ~ MM

Don961:  A member of Barzani's party reveals the latest developments in the dialogue with Baghdad and the outstanding issues of the dispute

Policy 04/20/2020 17:22 177     Baghdad today - follow up 

The former member of the Kurdistan Democratic Party, Majid Shingali, confirmed the continuation of communication between Baghdad and Erbil in order to reach an agreement in light of the suffering of both parties from a severe financial crisis, while he made clear that everyone wants to find solutions.

Shankali said, in press statements, that "until now, a full agreement has not been signed between the two sides," noting that "there are some parties that want to take advantage of the economic circumstance that the Kurdistan region is going through."

Shankali pointed out that "the negotiators of the Kurdistan region will not accept putting them under pressure," stressing that "the Baghdad government demands that the region hand over oil revenues, as well as control of the outlets."

He considered that "the issue is a question of will, and if there is a will on the part of the two parties, a compromise can be reached, but if one of the parties wants to benefit at the expense of the other, then this will make it difficult to reach an agreement," adding that "if all of the Kurdistan region's budget is spent An agreement can be reached, but in the event that Baghdad spends only 600 billion dinars (500 million dollars) per month, in exchange for receiving all of the region's imports, in this case it is difficult to reach a solution.

A member of the Kurdistan Democratic Party explained that "the Kurdistan Region" has understandings with foreign companies in relation to oil, "noting that" an agreement to deliver oil imports to Baghdad is an issue that results in the arrival of revenues through the Iraqi Oil Marketing Company of the Federal Government (SOMO). ).

The former deputy affirmed that "the most outstanding issue between Baghdad and Erbil is the file of Article 140 of the constitution, which sets mechanisms for resolving differences between Baghdad and Erbil over Kirkuk and the rest of the disputed areas, explaining that this file is" the most important and most dangerous to be overcome in the next stage.

He believed that "the region's budget, the disputes over oil, and the salaries of Kurdistan employees, are issues that can be resolved through laws. As for Article 140, it represents a thorny political file, which includes various components in multiple regions where there is great social interference."  LINK  

MilitiaMan:  "while he made clear that everyone wants to find solutions."

So they are still hard at it. Don't forget the USA and UK have been asked to participate in the dialogue... The communication is on going and there is a question of will.. If the two parties have the will to be fair, then they can move along and set the mechanisms in place to resolve the outstanding issues of budgets, salaries, etc.. 

The mechanism is in effect the rate at which they get paid.. imo.. 

 Keep in mind they said they are paying salaries in the Kurdistan Region and only thus far, they are to pay them apparently in-stages through the 15th. But, have they actually started like they suggest? They clearly suggest that the mechanisms are not yet reached.. But, if there is will, then there is hope.. The will may be to save their skin and their bank accounts!!

They have been at this dialogue, this time for many days on end it seems. The pressure is on. Will they push this out for months on end?

Typically, when the Kurds get their feelers hurt they high tail it home.. They have not done so.. Another pattern change.. This time the leverage that the new PM has on them , whereby caught stealing or selling oil to Israel and keeping the proceeds un beknown to the Fed Gov until now, has them backed into a corner.. The PM has them outed.

The citizens of all of Iraq now know the story too. imo.. Kind of hard to argue about it when they get caught red handed. All the years that there has been graft and at the suffering of the citizens.. I'll bet the will of the Kurds to get this done and behind them now is better, now the ever.. imo.. We shall see.. - MM

Don961:  Maximize resources

Saturday 04 July 2020Thamer Al-Heims 

 Maximization of resources has become an irreplaceable matter, and it needs a unique practical will, as it - meaning maximization - is a general qualitative shift.

Also, society does not ignore values ​​and does not suffer from chaos and confusion, but it suffers from the betrayal of its members by the Covenant and their failure to fulfill ethics obligations .

The launch of the slogan of maximizing non-oil resources in the Ministry of Oil's house by the Prime Minister announces that there is a quality transfer that will take place. Perhaps early in this shift was the lifting of the cover practically from the multi-salaries as he called them the government spokesman, meaning that they did not absorb the double word . 

This process will supply the budget in its darkest conditions and we now hear a movement towards the border outlets to save more than ten billion dollars that used to go to the paths of corruption with this amount. We will provide a quarter of the salaries annually after inhale it.

There is no doubt that the second line after the ports will reach the foreign exchange as supplied daily by the currency market, as it will shrink after closing the informal ports and operating the electronic performance as a guarantor condition, with a fee previously deducted from the import license, random import will shrink and the flow of the currency market will be strengthened, strengthening the dinar.

Here, random market forces move lamentably over scarce materials such as dates, grapes, vegetables, poultry, eggs or fish and milk, and on Chinese cornstarchs and luxury items such as sweets of all kinds.

This procedure, if practically taken without compliments, ensures the real economy grows by cultivating it and making it economically feasible, which is the industrial sector, with its three public, private and mixed wings. If we tighten our outlets, it is not only security, but electronic.

Which maximizes non-oil resources is the oil industry and is quickly available as the licensing process was made available, especially since the oil industry is now not at its best globally we have to use advertising to establish refineries that cover what we need and export, to save three billion on importing oil derivatives  right Now. 

As for agriculture, it is the most fortunate in the greatness after the palm of its historical enemy, which is the indiscriminate and destructive import of agricultural and animal production, followed by the management of the private and public sector, which are known conditions.  And qualifications. The current circumstance is the most appropriate time in terms of repayment of the development goal.
LINK  

MilitiaMan:  Qualitative change refers to when individuals progress in developmental stages results in them becoming different than how they were earlier or “continuous gradual accumulation of small changes” e.g. the way children behave, think and perceive the world in a different manner as they mature or after acquiring language ...

MilitiaMan:  As we can see they have change in mind and it is a qualitative and value related concern. It is in regard to economic and social issues. They even go so far as to inject the currency market as a factor!!

They are talking about Foriegn Exchange and operating under and electronic system.. A system that will supper and strengthen the Iraqi Currency!! It will grow the economy.

So once again this supports that they are going to a market economy and they are telling us they are going to strengthen the currency.. Or raise the value.. Or raise the exchange rate.. Or reduce the amount of Dinar to buy the Dollar.. All in line and the same thing.

This is not the last of the phases. It is the first phase imo. They say it is the most appropriate time to develop the Goal!!!! .

We shall see..But, imo they have every intention to go now not later.. imo  ~ MM

KTFA, Pimpy and Santa Surfing Thursday PM 7-2-2020

KTFA:

Samson:  Parliamentary Integrity announces the preparation of lists to return smuggled money abroad

2nd July, 2020

The Parliamentary Integrity Committee announced today, Thursday, the preparation of lists to recover money smuggled out of Iraq. 

"The committee has a complete list of the smuggled money, containing the names of the people and the funds that are located outside Iraq," said the committee's decision, Abdul Amir Al-Mayahi. 

He added that "Iraq has a lot of money abroad, some of it frozen and the other with dishonest hands." 

He pointed out that "the Corona pandemic prevented the movement of those funds," pointing out that "the Integrity Committee summoned the head of the money recovery department outside Iraq to find out what before and after 2003 of the money, and after the end of the pandemic, the file will be fully followed up."   LINK

Zeeman:  Its a novel idea to go after stolen money out of iraq. but i have a better one if they have the guts to do it go ater malaki take back his billions then arrest him. this would be the greatest accomplishment iraq could do

Samson:  Waving to withdraw confidence from Al-Kazemi after a "breach" of a parliamentary decision

2nd July, 2020

The decision of the Finance Committee in the Iraqi parliament, Ahmed Saffar, called on Thursday, the Presidency of the Council to submit an urgent request to host Prime Minister Mustafa Al-Kazemi and Minister of Finance Ali Allawi, after violating a binding parliamentary decision, which means the possibility of voting to withdraw confidence

Saffar told Shafaq News that "the Iraqi parliament voted to oblige the Iraqi government to send a draft budget for 2020 to the council, as a maximum, on June 30, but the government did not respond to this decision, and did not respond to inquiries about sending the budget or not, even the clock

And that "the behavior of the Iraqi government is in clear violation of the decisions of the legislative authority, which are binding on it," adding "the presidency of the parliament, to submit a quick request, to host Prime Minister Mustafa Al-Kazemi and Minister of Finance Ali Allawi, to find out the reason for not sending the budget law, and the reason for not Answer the requests and inquiries of the relevant parliamentary committees

He added that "when hosting Al-Kazemi and Allawi, if they do not have logical excuses, the hosting will be converted into an interrogation, and after questioning, the vote will be withdrawn from Al-Kazemi and Allawi’s confidence, and this also depends on their answers, and the extent of the conviction of the deputies from the lack of conviction

The Iraqi parliament voted last month on a decision committing the government to send the draft budget for the current year for a maximum period of 30 June, which was not achieved

While the indications were that the government would present a semi-annual financial budget for the remainder of this year, the government appeared to be intent to proceed without a budget until the end of the year

Iraq has not approved the financial budget for the current year so far as a result of the crisis of protests that prompted the previous government headed by Adel Abdul Mahdi to submit its resignation late last year  LINK

Will:  looks like our boy never sent the budget.  Must be something big in there not ready to let out of the bag

Popeye7:  IMO, there would be be no other viable reason to hold back the budget... They have had it for a while... As you stated, there must be something of extreme importance in that there budget... Combine that with the salaries not being paid, and there certainly are some highly suspicious actions going on...

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Courtesy of Dinar Guru

Pimpy  ...I have a feeling this is going to be a really big month for us.  There's a lot of things that are popping up that seem to be pointing to this month being a big month.  What that means exactly?  I'm not sure.  There's a lot of speculation...Al-Kazemi is supposed to come here to meet with Pompeo and the president.  I told you one of the biggest announcements that we're hoping to hear, and they do it out in the rose garden, is that Trump is encouraging the international community to restore the sovereignty  of Iraq for them to be recognized and embraced buy the International community.  And he announce the lifting of the restrictions on the currency and that allows it to start trading on the Forex.  That's what we're watching for.  That's what we're hoping for.

Pimpy    [Quick dinar history overview for newbies] ...they dropped the value of the dinar very very low.  Right now for one dollar you can buy 1190 Iraqi dinar if you can find them.  What people are doing is they're storing up on them waiting for the currency to be reinstated to its rate of $3.22.  There's people out there that's been waiting 12, 15, 16 years...some people are frustrated so now they have no faith in them and you'll hear them talk crap from time to time and say this is a scam.  That's fine everybody has their opinion...the whole purpose of the Iraqi dinar news...is me explaining to you why I think it's real and in what it is we're looking for that tells us...its rate is about to be reinstated... we've been patiently waiting for the rate to be reinstated and we have reason to believe that's gonna happen very very soon... 

NESARA / GESARA - Restore world peace

Pimpy’s Investment Chat:  Jul 2, 2020

Is this even possible???

https://youtu.be/opt-5tc1gBU?t=3

Trump says "paying off debt" and "infusion of money..."

Santa Surfing Beach Broadcast:  July 2, 2020

TRUMP WHITE HOUSE SPEECH

President Trump held a Briefing and a Speech today.  Oh my goodness, it will make you cry! Talks about payroll tax cuts and cash infusion...all coming back to us!

In President Trump's  speeches today (7/2/2020) he mentions our 3rd quarter will be fantastic and 4th quarter too and next year will be the best we will ever have!  

Folks, we are now in the 3rd Calendar Quarter and 4th Government Fiscal Year Quarter!  These speeches are incredibly powerful and memorable!

President Trump's Independence Day at Mt. Rushmore event begins at 4:00pm Central Time. President Trump arrives Mt. Rushmore around 7:00 pm and his speech is expected to happen before the fireworks.  Fireworks begin at 9:30 pm Central Time.

Full transcript here:  https://beachbroadcast.com/whats-happening/f/trump-says-paying-off-debt-and-god-bless-america

Santa Surfing Beach Broadcast other Videos:  https://www.youtube.com/channel/UC0v7VUtxrPnQWPgZx-WSzgw/videos

https://www.youtube.com/watch?v=P_clSyot3Lk

MilitiaMan and KTFA Members Wednesday PM 7-1-2020

KTFA:

Samson:  Today I hosted several Ambassadors of @EUinIraq nations to discuss the @IraqGovt's economic reform plan which will tackle the main obstacles preventing local and foreign investment in Iraq.
The Ambassadors offered technical assistance to help Iraq achieve its reform agenda. pic.twitter.com/raZ8jBWRbk

— Ali Allawi (@AliH_Allawi) July 1, 2020

Osmosis:  Did any of them suggest you might want to possibly consider revaluing your currency?

Ryan1216:  With Iraq it makes too much sense to revalue their currency which will alleviate all of their financial problems

MilitiaMan:  Specialists warn of the repercussions of the devaluation of the dinar   link  

MilitiaMan:  They are beating this into peoples heads.. They are not going to devalue the currency.. End of story. They are going to go to a market economy. That requires Article 8 compliance. imo Article 8 compliance is to raise the value of the IQD. imo

The 2019 Financial Management Law Amendment from the 2019 Budget has that rate in it. Hence, imo is why we haven't seen it yet. They cannot expose it to the Parliament until the right time.

Parliament has been complaining about that, that it has not been presented yet. Well, the PM showed up yesterday with something for the parliament and from the looks of things it wasn't the FMLA, imo anyway. There was a delay it seems and there may have been a good reason for it to be delayed. Just as we see that there is nothing concrete yet in regard to the taxes, tariffs and fees at the customs borders and ports.

They too, requires the rate to adjust accordingly for the fees, taxes, tariff's, etc. imo  ~ MM 

Al-Saffar added that "after delaying the budget, the government will rely on the monthly interim budget 1/12", stressing, "The government should not rely on the 12/12 monthly budget for 2019, because the disbursement and revenue process requires a legal cover represented by the budget law

The decision of the Finance Committee, Ahmed Al-Saffar stressed that "the implementation of Law 12/1 is not permissible in such circumstances, because the general situation of the country differed, and everything related to revenues, oil prices and exchange (r)ates also changed, so without a budget approval the government is not entitled to  receive any revenue , And the only legal cover is the budget law

MilitiaMan:  They us show in the above that there is a concern because the situation is different and they note that the exchange rate ( See article that shows "gate".) has also changed. As in past tense. That has to make one wonder about the on goings from here.

They clearly were expecting this to go smoothly. But, there is or was obviously something that transpired to delay things to be brought to the Parliament. 

Here is a different issue that too requires a rate change imo. There has also been a delay in in salaries. Coincidence? I think not. The salaries being delayed is interesting. If they were to be paid at a program rate, why, would that be a problem? It wasn't last month or subsequent months in this manner or time frame. We can see up to today they still have yet to raise the rate, show the budget nor pay the salaries. imo The below show the reason for the delay.

There was a procedural issue in the currency conversion process from hard currency to Iraq. Interestingly enough hard currency is typically international currencies, imo..

Now why would there be a problem at a program rate, they haven't had that before imo?.. Unless the conversion process is not for a a program rate at all? It is possibly a new international rate that could be what is needed to get sorted within days, hence the coinciding of delays; with taxes, tariff's, fees, salaries and assorted yearly budgets to move forward...

Keep in mind the security that was sent to the borders for o make sure they were secure from mafia, gangs, certain people, etc..  ~ MM

It looks as though they have made arrests and may make more in regard to corruption. So, is the delay being openly spoken about? Yes, it sure has. So, imo those that seem to think nothing is being done and it is same old same old, imo, it is far from it.

The data we have before us is off the charts good. I think everyone in the forum and TC should have enough floaties on to be safe on the cliffs.. As the swell I am awaiting for is about to breach them!!! ` imo ~ MM

"A source familiar with the Central Bank revealed, on  Monday (29 June 2020), a development that will allow the release of employee salaries for the current month of June within two days."LINK

Parliamentary finance determines the reasons for the delay in the salaries of employees

The committee member, Adnan Al-Zorfi, said, according to the official media, that "the salaries of the employees will be launched by the Ministry of Finance during the coming days after the completion of transferring the procedures for transferring cash from hard currency to Iraq."

He added that "the reason for delaying the payment of salaries is due to the procedures for the currency conversion period and not to transfer the salary payment every forty days as it is rumored."

Earlier, Prime Minister Mustafa Al-Kazemi directed the Ministry of Finance to expel the salaries of employees. LINK

A spokesman for Al-Kazemi said it is likely that measures will be taken to combat corruption at border crossings

30th June 2020

The spokesperson for the Prime Minister, Ahmed Mulla Talal, suggested that the government will, in the coming days, take

measures to impose the prestige of the state on border crossings to reduce corruption

Mullah Talal said in a press conference attended by "Gilgamesh Press", "Last week, there was intelligence information about an attempt to target sensitive areas and international representations, and the counter-terrorism agency dealt quickly with that attempt."

He added, "The arrest warrant was issued against one person, and 13 people who were present with the wanted were arrested," noting that "only 13 people were released and what is still required is under the jurisdiction of the judiciary." He added, "What is required is handed over to the judiciary and the judiciary is the one who will take appropriate measures against him and the prime minister has no interference with judicial orders."

KTFA Members "Monday News" 6-29-2020

KTFA:

Samson:  Kurdish lawmaker: economic reforms will not succeed without political reforms

29th June, 2020

MP for the Kurdistan Islamic Group, Salim Hamza, confirmed on Monday that the economic reforms will not succeed without political reforms.

Hamza said, "The House of Representatives blesses the Prime Minister's reform efforts that contribute to eliminating corruption," stressing that "the reforms are of two types, political and economic and go in one parallel direction, because economic reforms will not succeed if there are no political reforms that support them in decisions and legislation."

He called on the Prime Minister to "pursue the spoilers abroad and recover the looted funds that were transferred outside Iraq," noting that "these are steps that the Iraqi street is awaiting because it restores the prestige of the state."   LINK

Samson:Mulla Talal: The Iraqi Session Process Is Planning And Implementation From A To Z

28th June, 2020

Spokesman for Prime Minister Ahmed Mulla Talal confirmed that the session process is Iraqi planning and implementation.

Mullah Talal said in a tweet to him on “Twitter” that “the session process is a preemptive process aimed at preserving the prestige of the state,” noting that it is an Iraqi process of planning, implementation and supervision from A to Z. At all.”  LINK

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Don961:   The National Business Council calls for a review of the exchange rate based on the impact of the oil price decline

Economie| 01:21 - 29/06/2020  Baghdad - Mawazine News, 

the Iraqi National Business Council responded to the adviser to the Speaker of Parliament, Hammam Al-Shamaa, indicating that the dinar exchange rate against foreign currencies through the currency sale window for obligations imposed by itself due to the circumstances that Iraq is going through, in advance of a three-stage proposal to review the exchange rate pricing on the basis of The impact of low oil prices with setting priorities for the import of raw materials for local industries

The Council said in a message seen by / Mawazine News / that "the dinar exchange rate against foreign currencies through the currency sale window for obligations imposed itself due to the circumstances that Iraq is going through, which were unfortunately interpreted in a different way to distort the facts" and go to say "and we are not surprised by such responses Skepticism and accusations, as we have become accustomed to it as a private sector to marginalize and underestimate our role, and this wrong behavior is what led Iraq to our donors because of the hegemony and bureaucracy of the government sector that failed over more than (17) years of managing the economic file.

"We were hoping for a direct dialogue with the decision makers to discuss our proposals to find solutions to address the gaps that we are in need of in these difficult circumstances," he added.

The Council stated that it is a socio-economic organization that possesses field and theoretical capabilities and experiences and can express opinions and advice to all Iraqi state institutions to correct paths wherever they are found.

The Council pointed to the reference of the candle in its message about the theory of inflation and its repercussions, and the increase in poverty rates to (20%) of the oppressed people who fell below the poverty line, and the few were blessed with wealth.

He believed that this diagnosis is "an affirmation that the wrong policies of successive governments after the year (2003) in managing the economy created the large gap in the standard of living between (the elected few?) And the majority of the people who suffer from poverty and neglect due to corruption and mismanagement."

"You (Al-Shamaa) talked about the necessity of mobilizing resources because of the three challenges (falling oil prices, corona, and early elections), and the rulers of the Iraqi people’s leader (according to the description of Al-Shamaa) cannot bear more tensions for fear that the table will turn against them," and the council considered that this The offering is "strange logic."

"Changing the exchange rate we called for to achieve justice, eradicate corruption, collect taxes and customs duties, and protect the product will turn the table over the rulers," he asked.

He stressed that this "is to mobilize resources instead of exchange differences, tax and customs evasion go to the pockets of the corrupt and transfer without import."

He stated that "improving the social welfare network, increasing inclusiveness and compensating retirees through the resources derived from accidental results from changing the exchange rate from the state's duties to raise injustice and reduce the level of poverty."

He also pointed out that "the social protection network is not a continuous state, as is the ration card, but rather a temporary case due to the lack of diversified sources of income and dependence only on oil imports."

He stressed the importance of "setting the right policies and strategies and implementing them to upgrade the industrial and agricultural realities and other economic sectors while providing climates for the growth of the private sector and involving it in the economic decision with a real fight against corruption and improving the investment environment will provide hundreds of thousands of jobs and thus the protection network will be reduced to unimportant levels and this is in place In all countries of the world. "

He also saw that "the change in the exchange rate has nothing to do with the process of printing the currency and we do not need to recall its disadvantages, mixing the papers from the economic scripts, as printing the currency in an ill-considered and without cover will lead to inflation. We did not demand this for security, neither near nor far, but rather that This process on its own terms and conditions. "

He also asked about what is the equation on which the Central Bank relied on proving the exchange rate with the number (1190), knowing that a number of neighboring countries exporting to Iraq have floated their currency against the prices of the dollar

"Why do we cling to the fixation of the exchange rate and not allow it to change slightly to achieve additional imports into the state treasury while increasing the ability of the domestic product to compete and grow," he said.
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"The job of selling the currency is not one of the duties of the central bank," Ann said, explaining that this was recognized by the governor of the central bank, who confirmed the Ministry of Finance's request to exempt it from this commission.

He presented a three-stage proposal to review the exchange rate pricing on the basis of the impact of the oil price drop, while setting priorities for the import of raw materials for local industries - and he said that "

As for the second stage, it requires "studying the exchange rate of the manufactured and exporting countries to Iraq in pricing the dollar against what is included in the development of industry and agriculture locally based on a standard situation for the purpose of fulfilling the market need of imported goods with locally produced goods."

He also stressed the setting of "priorities for the import of raw materials for local industries" and warned of what he called "black money", calling for the collection of customs, taxes and other fees such as product protection and others in addition to the exchange rate during the sale and transfer of currency, these foundations on which our mission and appeal appealed.

As for the third stage, it concerns the tax and customs duties, and the council said, "The central bank still apologizes for doing it, as it is not one of its tasks."

He concluded the question, "Why did the bank not apologize for selling the currency, which is one of the tasks of the Ministry of Finance?"    LINK

Don961:  The government is close to sending the economic reform law to parliament

Monday, June 29, 2020 Baghdad / Omar Abdul Latif

 The government is close to sending the economic reform bill to parliament for discussion and voting, while the parliamentary Economic and Investment Committee confirmed that the law will establish a federal reform council linked to the cabinet.

 The law works to give the private sector an essential role in the development and development and raising the efficiency of economic projects, while providing social protection networks and social insurance funds, and the launch of loans for projects and the development of the banking system.

The Deputy Prime Minister and Minister of Finance Ali Abdul Amir Allawi confirmed that the government is in the process of forming a complete and integrated program to reform and advance the economy, and Allawi said to the Iraqi News Agency (INA): "This program will be presented to the House of Representatives during the next three months and will be comprehensive." Until «the plans in the program will address all sectors of the economy and the productive and service sectors».

He added that «the program includes enhancing the state’s revenues from other sources such as customs and taxes, stopping waste and also the process of removing suffocation from the economy», stressing that «the government will enhance and strengthen the activity of the private sector, because its growth will provide jobs and increase domestic production».

Activating the private sector

Member of the Parliamentary Economy and Investment Committee Nehru Mahmoud Rawandzi said in a statement to Al-Sabah: “The law seeks to transform the Iraqi economy into a market economy and give the private sector a key role in development and development and raise the efficiency of economic projects and increase their production and competitiveness”, noting that “the goal This includes diversifying economic resources, improving efficiency in managing natural resources according to the principles of fair and legitimate competition, and diversifying the sources of financing the federal budget. 

He added that «this law will increase the returns of companies, and facilitate the process of entering into partnerships between the public and private sectors, and the transition from the central administration of the economy to decentralization by granting a greater role to the regions and governorates that are not organized in a region, and also stimulates financial decentralization to ensure financial capacity in order to finance development needs Local economic, to raise the standard of living for members of society and increase employment opportunities ».

He pointed out that «this will ensure the creation of an investment climate to encourage local and foreign investors to manage the ownership of economic units, developing and expanding the activities of financial markets and supporting the broad participation of the public in dealing in stocks, bonds and various securities, and achieving justice in the distribution of the returns of economic activities». 

"Achieving the objectives of this law comes through proposing an economic policy that includes the provision of public services, taxes and employment, while ensuring harmony between financial, monetary, tax, commercial and development policies and labor policies, and implementing the economic reform program and the principles and rules set forth In this law ».

Adoption of governance

The MP pointed out that «this law will promote the adoption of good governance in the management of public companies in accordance with international principles and practices, the separation of ownership and management, enhancing the efficiency of management and competition between public companies, regulating relationships between ownership and management of natural resources and facilitating the privatization of public companies, and working to achieve transparency and equal treatment between Stakeholders from the private sector, encouraging dialogue between the public sector and social partners, while providing social protection networks and their integrity, social insurance funds such as pension funds, unemployment insurance, labor market regulation and instructions regulating the labor market, facilitating the establishment and development of small and medium enterprises, and stimulating the provision of soft loans to them from During the establishment of lending funds or financing through partnership between the public and private sectors ».

A member of the Parliamentary Committee on Economy and Investment stressed that “the law will create a legal environment conducive to partnership between companies and private and public institutions, including concession rights, participation contracts, project management, and the role of the private sector to ensure equality and fair competition in the market, and work to remove legal obstacles that negatively affect the development of The private sector, encouraging investment in the agricultural sector, providing basic and adequate inputs, and reforming legislation and procedures related to land and ways of using it. 

Banking system reform

Rawandzi reported that «the law will work to reform and restructure the banking system and expand commercial banking operations to provide the financing required for investment, and provide effective mechanisms to reduce risks, increase credit and work to convert government banks into joint stock companies, and ensure expansion in the banking sector under the supervision of the central bank, and the introduction Modern mechanisms and banking technology to facilitate access to better financing and services. ”

The deputy pointed out that «the economic reform law regulates and develops financial markets by assessing capital according to international accounting standards, stimulating the introduction of modern and environmentally friendly technology, adopting urban development principles and planning to ensure the availability of public lands and facilities to motivate different sectors, and taking the necessary and progressive measures to regulate the restrictions that Governing fiscal and monetary policies, identifying sustainable development areas in geographical locations that suffer from a lack of economic capabilities and developmental imbalances, and granting these areas economic incentives to attract investors, encouraging local companies and setting up projects, and working to reform the tax system And the financial ».

Rawandzi hinted that, “According to the law, he will establish the Federal Economic Reform Council, which is linked to the Council of Ministers, enjoys moral personality and is represented by the Speaker or whoever he authorizes, and it consists of the Department of Economic and Legislative Reform, the Department of Strategic Planning and Studies and International Relations, the Department of Land Exploitation, and the Department of Legal and Administrative Affairs And the Department of Small and Medium Enterprises Development and the Control and Internal Audit Department, stressing “the creation of an economic reform department in each ministry concerned with that to implement the reform tasks in each sector of the relevant ministry managed by an employee with the title of director with an initial university degree at least and with experience And jurisdiction ».    LINK

Samson:  The Iranian judiciary issues orders to arrest 36 US officials implicated in the assassination of Soleimani

29th June, 2020

Today, Monday, the Tehran Public Prosecutor issued orders to arrest 36 political and military officials from America and other countries involved in the crime of assassinating the commander of the Quds Force of the Revolutionary Guard, the martyr General Qassem Soleimani

During the meeting of senior officials of the judiciary, the Prosecutor General of Tehran, Ali al-Qassi Muhr, referred to the measures taken to follow up the file of the assassination of the martyr General Qassem Soleimani. They directed the assassination, as the Iranian judiciary issued arrest warrants and red warrants through the International Police (Interpol)

He explained that the charges against these people are murder and terrorist act, adding: At the top of this list is US President Donald Trump, and his prosecution will be pursued even after the end of his presidential term   LINK

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Samson:  "Interpol" rejects the Iranian request for the arrest of Trump

29th June, 2020

Interpol" announced its rejection of "the Iranian request related to the arrest of US President Donald Trump," stressing that "this organization does not interfere at all in political and religious conflicts

It is noteworthy that the Prosecutor in Tehran, Ali Qasemher, announced the issuance of an arrest warrant against Trump, and asked the international police "Interpol" to help "arrest Trump and more than 30 others wanted for justice for their involvement in the attack that killed the commander of the Quds Force in the Iranian Revolutionary Guards Qassem Soleimani, and they will face charges of murder and terrorism," stressing that "Trump will continue to pursue him even after his term ends  LINK

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Samson:  Hook: Iran issues arrest warrant for Trump "propaganda ploy"

29th June, 2020

US special envoy on Iran, Brian Hook, told a news conference in Saudi Arabia on Monday that Tehran's issuance of an arrest warrant for US President Donald Trump and 35 other people in connection with the killing of prominent military commander Qassem Soleimani is just a "propaganda ploy."

"Our assessment is that INTERPOL does not interfere by issuing red flyers based on requests of a political nature," Hook said, standing next to the Saudi state minister for foreign affairs in Riyadh.

"This is political in nature. It has nothing to do with national security, world peace or the promotion of stability ... It is a propaganda ploy that no one takes seriously."

The Iranian Fars News Agency said that Tehran asked the International Police (Interpol) for help in carrying out the arrest warrant.

On January 3, an American strike killed a drone in Iraq, Soleimani, commander of the Quds Force, in the Iranian Revolutionary Guard. And accuses Washington Soleimani of masterminding attacks by armed factions allied with Iran on American forces in the region.   LINK

MilitiaMan and KTFA Members "The Picture Being Painted Looks Promising" 6-28-2020

KTFA:

Samson:  Iraqi banks are waiting for a notice to launch salaries within 24 hours

28th June, 2020

A source in the Ministry of Finance revealed on Sunday that government banks are awaiting a notice to release the salaries for the employees of the month of June.

The source said to Shafaq News, that the banks are waiting for a notification from the ministry to enter data on the electronic regulations and launch the salaries of state employees. He added that it is hoped that the notice will reach the banks to launch and pay salaries within the next 24 hours.

Yesterday, Saturday, the Prime Minister, Mustafa Al-Kazemi, instructed the Ministry of Finance to expel the salaries of employees.

The Iraqi government is struggling to secure employee salaries and other operating expenses due to the collapse in oil prices due to the Corona pandemic, which has paralyzed large sectors of the world economy. The country relies on revenue from the sale of crude to finance 95 percent of the country's expenditures.

And Iraqi Finance Minister Ali Allawi, had warned, in statements to Agence France-Presse, Wednesday, that the Iraqi economy may face "shocks that it will not be able to deal with" unless reform measures are adopted in less than a year, stressing that 40 million Iraqis will have to They are subject to a tight austerity policy that may last for "two years".

Projections indicate that the Iraqi economy will face a 10 percent contraction during the year. With one out of every five Iraqis receiving government aid, the bill becomes heavier for the country that depends on paying all its expenditures on oil sales revenue. 

And at the beginning of this month, when pensions were deducted in the first steps of the government austerity policy, the protest was unanimous against Allawi and Prime Minister Mustafa Al-Kazemi, even within the parliament that is usually mandated to approve reforms, especially the fight against corruption that led to the evaporation of more than 450 billion Dollars of public money since 2003.  LINK

Popeye7:  IMO, this article seems to hold promise... The Iraqi people need to be paid, and were supposed to have been paid last Thursday if I am not mistaken... What are they waiting for?...  Maybe a simultaneous event taking place? IMO...(wink)

MilitiaMan:  They postponed the salaries for up to 24 hours.. The government banks are awaiting a notice.. Really? Yep, and electronic one. One that is different than in the past..

This imo sure looks like the agreement the Kurds have made and signed yesterday, in that they signed they comprehensive agreement, it suggests there was a need to adjust things for the electronic system to make payments.

That "exact"  database for salaries may have needed to be sorted some still, to have to have postponed for the short period of time. Apparently it is to not take to much time, we / they hope... 

Keep in mind the adjustments at the borders are to have electronic adjustments in line by the 1st of July for shipping, border crossing, taxes, tariffs, fees, etc. Also take note that there will be a parliament session on Monday the 29th.

The 2020 Budget is to be sorted by the 30th. The Kurds signing the comprehensive agreement yesterday, imo would have had the 2019 FMLA on the table.

That 2019 FMLA is the mechanism or is imo the key to the RI.

See the picture being painted? It surely looks promising this is coming to a head! imo It is all lining up!!! imo ~ MM

Parliamentary Finance decision: Kurdistan has handed over its employee database to Baghdad .. This is their exact number   LINK  

The delegation of Kurdistan holds talks with the American and British embassies in Baghdad  LINK

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Samson:  After his story was presented by Al-Furat TV channel, the central bank governor bears the costs of treating Zakaria

28th June, 2020  VIDEO ON LINK

The Governor of the Central Bank, Ali Al Alaq, announced that he bears the costs of the citizen Zakaria, on the cover of what was shown by the (Al Furat Satellite Channel) channel on the Courier Program.

And the {Euphrates} received a telegram from the relationship saying: “A reference to what was presented in your program on the status of citizen Zakaria. The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, instructed to bear the costs of the Zakaria citizen’s operation within the Tamkeen initiative sponsored by the Iraqi Central Bank and Iraqi banks.”  LINK

MilitiaMan:  Get ready folks.. This is all about going international and bringing in the PRIVATE SECTOR!! OH YA!!!!!!! AN EXAMPLE IS BELOW.... WOW ~ MM

https://www.tamkeen.bh/Reports/Tamkeen-AR-2014-En.pdf

"Tasked with developing Bahrain’s private sector and positioning it as
the key driver of economic development, Tamkeen was established
in August 2006 and remains one of the cornerstones of Bahrain’s
national reform initiatives and Economic Vision.

Its two primary objectives are ‘Fostering the creation and development of enterprises’
and ‘Providing support to enhance the productivity and growth of
enterprises and individuals’.

To achieve the two aforementioned objectives, Tamkeen developed
a strategy which focuses on principles of enhancing Quality,
serving Customers, and achieving Results. Through this strategy, a
number of innovative programmes are provided to Bahrainis and
businesses in Bahrain, which include training, consulting, financing,
entrepreneurship support and others. To date, Tamkeen’s programmes
have served more than 116,000 Bahrainis and businesses in Bahrain."

MilitiaMan:  Look at all involved in the link below, globally represented, imo .. ~ MM

https://www.worldbank.org/content/dam/meetings/external/annualmeeting/Participant-List.pdf

Don961:  Fatwa prohibiting the phenomenon of aliens and double salaries

2020.06.28 - 19:09  Baghdad - people  

On Sunday, the Supreme Council for Issuing Fatwas in the Kurdistan Region announced the prohibition of the salaries of aliens and double-salaries.  

And it came in the fatwa issued by the council, which was viewed by "NAS" (June 28, 2020), that "after a group of citizens and employees of the Kurdistan Region asked the council to clarify the Islamic legal ruling regarding the receipt of salaries without working hours, known as space employees, between the council The rule of Islamic law prohibits multiple salaries. "  

He added that "double salaries, even if one of them is from the Kurdistan Regional Government and the other from the Iraqi government, it is also forbidden, and there is no difference that prohibited it from double salary from the regional government only."  

He explained that "anyone who is not legally appointed is a salary that is forbidden and the government must take legal measures against it."    link  

MilitiaMan:  Here is the potential reason for the 24 hour postponement of Salaries.. They needed to enter data to make sure the "exact" database has no double salaries.. There is a FATWA on the matter.. The Salaries are to be fair and they mean it now.. It has no boundaries between the Kurds and or Bahgdad... imo.. So they clearly are getting this in line for Alak to usher in TAKEEM!! imo.. ~ MM

Definition of fatwa. : a legal opinion or decree handed down by an Islamic religious leader.

Popeye7:  It certainly is looking like we are on the verge, or the cusp...

JJimmyJJ:  No big deal.  We've only been waiting for this to happen FOR YEARS, just like the other dozen things that have happened this month that we've been waiting on FOR YEARS. I'm sure it's nothing*

*or,  without sarcasm: WOOHOO! THIS TRAIN IS LEAVING THE STATION!

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 

Don961:  Parliamentary Finance decision: Kurdistan has handed over its employee database to Baghdad .. This is their exact number

Policy 2020/06/27 21:31 381     Baghdad Today - Baghdad

The decision of the Finance Committee in Parliament, Ahmed Al-Saffar, confirmed today, Saturday, that the Kurdistan Regional Government has handed over its staff database to the Federal Government in Baghdad. 

Al-Saffar said in an interview with him (Baghdad today), "The technical delegation of the Kurdistan region who visited Baghdad recently handed over the federal government a database of the region's employees at the request of Baghdad in addition to other files." 

And that "the number of employees in the region is estimated at about 753 thousand employees registered within the biometric system in addition to the groups that benefit from social care, martyrs and retirees, the number reaches approximately one million and 250 thousand people." 

He pointed out that "the regional government is working, at the request of Baghdad, to solve the problem of multi-salaries in terms of social welfare, martyrs and retirees."

Yesterday, Osman Karim, the deputy in the Kurdistan Parliament, confirmed on Friday (26 June 2020) that negotiations between the federal government and the regional government are still ongoing and have not reached a dead end.

He added that "Baghdad has many conditions, some of which are inconsistent with the constitution, and this is what finally reached the signing of the comprehensive agreement, but the negotiations were not stopped or were officially announced."  LINK  

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Don961:  The delegation of Kurdistan holds talks with the American and British embassies in Baghdad

2020.06.25 - 14:57  Baghdad - people  

The negotiating delegation to the Kurdistan Regional Government, headed by Deputy Prime Minister Qubad Talabani, in Baghdad, on Thursday, held talks with the American and British embassies in Iraq.  

A statement of the provincial government, followed by "people" (25 June 2020), said that "the meeting highlighted the outstanding problems between Erbil and Baghdad, and the latest developments regarding the general situation in Iraq were discussed."  

The delegation of the two embassies said, according to the statement, "their full support for resolving all disputes between the Kurdistan Region and the federal government and facing all the problems that Iraq suffers from with a unified position, especially the risks of the renewed corona virus and the recent movements of ISIS terrorists in the disputed areas."  

The delegation of the regional government is scheduled to hold its last meeting this week with members of the federal government with the aim of reaching a general and common understanding of the outstanding problems between the two sides.   LINK

Don961:  Al-Kazemi directs the finance to expedite the salaries of employees

Policy 2020/06/27 23:57 146      Baghdad today - Baghdad 

Today, Saturday, Prime Minister Mustafa Al-Kazemi directed the speedy distribution of the employees ’salaries.   

A statement issued by Al-Kazemi said that he directed the Prime Minister, Mustafa Al-Kazemi, the Ministry of Finance to expel the salaries of employees, during a meeting today, Saturday, with the Minister of Finance, Mr. Ali Abdul Amir Allawi.  

The statement added that "Al-Kazemi stressed that the launch takes place without delay, and that the Ministry work with all its capabilities to put the solutions that were discussed into implementation, and that the government apparatus continues to maximize non-oil revenues and find financial cover for employee salaries."  

He continued, "The Prime Minister affirmed during the meeting that the current financial crisis constitutes an opportunity to face the challenge of implementing financial and administrative reform, and that the government has resolved to proceed with this reform until it is positively reflected on economic development, and the provision of welfare and good governance to all Iraqis."  LINK  

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DELTA:  The Prime Minister, Mustafa Al-Kadhimi, directed the Ministry of Finance to quickly release the salaries of the employees.

This came at a meeting of His Excellency, on Saturday, with the Minister of Finance, Mr. Ali Abdul Amir Allawi.

Al-Kadhimi stressed that the launch should take place without delay, and that the ministry should work to put into practice the solutions discussed, and that the government apparatus is continuing to maximize non-oil revenues and find financial cover for employees' salaries.

During the meeting, the Prime Minister stressed that the current financial crisis was an opportunity to meet the challenge of implementing financial and administrative reform, and that the Government was determined to proceed with this reform until it had a positive impact on economic development, welfare and good governance for all Iraqis.

The Prime Minister's Information Office

27- June-2020

Deepwoodz:  Can’t stop that lava!!!!!