MilitiaMan and KTFA Members "FedNow BlockChain Live Tomorrow?" 9-9-2020

KTFA:

Don061:  An "anticipated agreement" between Baghdad and Erbil

Wednesday 09 September 2020

Baghdad: Al-Sabah, Erbil: Sundus Abdel-Wahab

It is likely that the governments of Baghdad and Erbil will reach a "semi-final agreement" regarding the pending issues between the two parties, in light of the presence of international mediation to bring the views closer.

Yesterday, Tuesday, a Kurdish delegation headed by the Deputy Prime Minister of the Kurdistan government Qubad Talabani arrived in Baghdad, and met with Prime Minister Mustafa Al-Kazemi to discuss strengthening cooperation between state institutions and working in a team spirit that stems from a common vision to achieve the requirements and interests of the Iraqi people in general. 

Al-Kazemi stressed, according to the statement of his media office, the need for full coordination between the federal government and the Kurdistan Regional Government in various fields, in order to address the great challenges facing the country as a result of the decline in global oil prices, and contribute to confronting the repercussions of the Corona pandemic.

The region’s delegation had held its first meeting with a high-ranking delegation from the federal government headed by Finance Minister Ali Allawi. 

During the meeting, it was decided to form specialized and subsidiary committees to intensify discussions on issues (oil and gas, financial dues, electricity, border crossings, and debts).

The spokesman for the Deputy Prime Minister in the Kurdistan region, Samir Hawrami, said to “Al-Sabah”:

“The Kurdistan Regional Government has shown its willingness to agree with the federal government regarding the files of oil and non-oil revenues, and the revenues of border crossings.”

He adds that "the discussions with the federal government are continuing to resolve the outstanding issues and continue for a period of three days, as it is hoped to reach an agreement between the two governments." 

Despite the existence of problems and obstacles between the two governments since 2003, Hawrami talks about the existence of "international mediation" to bridge the views between Baghdad and Erbil on the outstanding issues. 

The spokesman for the deputy prime minister of the regional government said, “Baghdad is in the process of drafting the 2021 budget, and we aim through meetings and discussions to stabilize the region’s financial dues in the general budget before sending it to Parliament and then approving it, in order for the vision to be clear for the next year and avoid Any problems or obstacles between The two parties.    LINK

MilitiaMan:  The PM is heading to Erbil tomorrow for the first time. It is also a very special time.  A time where agreements on many long standing issues are to be sorted out. Why go to Erbil with out having a good idea where you stand on the agreements spoken of previously..

The international mediation probably has been involved most all along, evidence is the PM is now going on 09/10/2020.

An interesting day be sure. Same day the FedNow is possibly going live with it's version of a transparent block chain system for payments and settlements.

Transparency is a big issue and the Oil and Gas will need it, the financial dues, will need it, the electricity sector will be a driver with it and the massive amount of revenues at the border crossing will need it, not to forget the debts that will need it to be fair. There is a vision to this all and it came with the DC meetings back to the Iraqi mainland. Fairly sure this as real as it gets.. imo ~ MM

"E-Government is a major driver of blockchain technology. Stephan Zimprich from fieldfisher looks at how the transparency and immutability of blockchain can help give citizens digital self-determination."

"Blockchain technology promises to facilitate fast, secure, low-cost international payment processing services (and other transactions) through the use of encrypted distributed ledgers that provide trusted real-time verification of transactions without the need for intermediaries such as correspondent banks and clearing ..."

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Samson:   Al-Kazemi visits Erbil for the first time

9th September, 2020

An informed political source said on Wednesday that Iraqi Prime Minister Mustafa Al-Kazemi will visit Erbil on Thursday to meet with the region's leaders and leaders.

The source, who asked not to be named, told Shafaq News that Al-Kazemi will visit Erbil, the capital of the Kurdistan Region, tomorrow, Thursday. He added that Al-Kazemi will meet with leaders and leaders of the Kurdistan Region, headed by Nechirvan Barzani, President of the Region, and Masrour Barzani, Prime Minister.

The source indicated that Al-Kazemi will discuss several files in Erbil, including the outstanding disputes between Baghdad and Erbil for many years, the fight against ISIS remnants, as well as the holding of early parliamentary elections. This will be Al-Kazemi's first visit to the Kurdistan Region since the formation of his government last May.

The Kurdistan Region was among the parties that strongly supported the rise of Mustafa Al-Kazemi to the presidency of the federal government.

Al-Kazemi government and the Kurdistan Region have been holding talks for months to resolve the outstanding disputes between Baghdad and Erbil for many years, and at the forefront of which are the disputed areas, the file of managing oil wealth and distributing their revenues.  LINK

Samson:  Watch: Highlights from the weekly press conference of PM @MAKadhimi’s Spokesperson, @AhmadMullaTalal: pic.twitter.com/NBejuMAAxT

— Government of Iraq -(@IraqiGovt) September 9, 2020

MilitiaMan:  In the beginning of the video notice that he says there is a special meeting with the Cabinet at the start of next week and not the HoR in respect to discussing and approving the 2020 budget.

If it is a translation error or not I don't know. But, the translator for the PM and his spokesman probably or at least should have it spot on. If it is spot on, then there is a thought that Parliament may get circumvented in that regard to see the 2020 prior to approval and have no say in it.

Not even sure if that is legal. But, with all the corruption getting cleaned up, maybe there is emergency circumstances at play here. Regardless they are talking approval of the 2020 Budget.

Also take notice that the PM has directed competent authorities to work on the E-Government and to address the problems facing it as quickly as possible.

Again, lets keep this in perspective. E-Government and E-Finance are both in play for Iraq's future. Both are related to block chain systems with transparency not only for salaries but for customs at the borders. Hence the urgency in his tone and the extraordinary circumstances at hand! Don't get to real, as this is as real as it gets. K is in Kurd land tomorrow.. lol ~ MM

Al-Kazemi directed that an extraordinary session of the Council of Ministers be held early next week, devoted to Discussing the 2020
budget

Al-Kazemi also directed the competent authorities to expedite work on the e-government project, address the problems it faces as quickly as possible, and prepare an integrated report on the measures taken next week, the stages of work and the diagnosis of the ministries lagging in this regard, and the reasons for the delay

Delta and MilitiaMan "The Iraqi IQD Exchange Rate" 9-8-2020

KTFA:

DELTA:  THANK YOU SAMSON FOR THE HARD WORK............NOW WE ARE TALKING ...FINALLY..........AWESOME NEWS....

Samson: The House of Representatives has finished reading two laws and addresses an oral question to the Finance and Planning Ministers

09/08/2020 19:04:07

Minister Allawi pointed out that there are three types of loans, including commercial that the Iraqi government has moved away from, borrowing from governments and the third by borrowing from international development institutions such as the World Bank and the Arab Fund for the purpose of investment, especially those related to the requirements of improving the electricity sector by activating previous economic agreements with my company. Siemens and General Electric

Stressing the importance of reviewing the exchange rate so that the Iraqi economy enters the circle of competition with the interest of the International Monetary Fund in the issue of the exchange rate, noting that the ministry received an amount of 15 trillion dinars in full to meet the needs of salaries.

 LINK

MilitiaMan:  Delta, I agree that now we are talking! As this piece is a good one. They have no liquidity, yet they have money for salaries in the tune of 15 trillion. How does that work?

They point out that the have moved away from borrowing from commercial outlets, governments and third parties, like the World Bank and Arab Monetary Fund. So the 15 trillion mentioned is interesting and makes one wonder if it is an equivalency to that amount and from a source they talked about in recent past. Having to do with the secondary markets. 

They mention the importance of the exchange rate so that the Iraq economy enters the circle of competition (i.e., international, global status, etc..) with the interest of the International Monetary Fund, in the issue of the IDQ exchange rate.

The exchange rate is an issue that the IMF would need to sort out.

 Once Iraq (if not already) gets the rate to the IMF, that is an issue alright, imo a big one! As the world will need to know what it is and will need to adjust accordingly, think tenders too.

The SDR basket when the IQD exchange rate is Article 8 compliant and changed to a true value for the currency to reflect all assets will have effects felt around the globe, value wise. All boats rise with the tide.. ioo..

So, back to the 15 trillion dinars for the ministry to meet salaries needs. The last three months of the year are in question. Hence, I mentioned the equivalency. Maybe the only way they are to get the equivalency is that they may have agreed to adjust the rate from the looks of it, thus, the issue of the IMF's interest in the exchange rate.

Well hello.. They would need to know that!!.. The whole idea is to get to a market economy. Getting to a market economy with a new exchange rate would allow Iraq to get to a secondary market environment to get loans for the equivalency to that amount to pay salaries. 

The CBI told us last week, Tuesday real close that they have put a dead line out for this past Sunday for the tenders for the reconstruction effort in Mosul. There were meetings with decision makers, Central Banks and large corporate entities, etc..

Prior to the tender deadline thus, the meetings that preceded the tenders suggests those in the meetings may have had or would have had a need to know the rate at which to make the tenders equivalent to.

So if they received an equivalent amount of monies to pay salaries, then, imo the IMF knows the rate too and would allow the money to be freed up or loaned out to meet the last three months of the year if that is the case. I'll bet the monies will be transparent and monitored by the new electronic system they will also use at the borders.

So, lets jump to the 2020 budget.

Imo The 2019 FMLA is required for the 2020 Budget as a component of it. The COM has that before them since this last Wednesday. That is the prime ministers cabinet.

That component of the 2020, has not made it to the Parliament yet. Why? Imo, because they don't have a need to know just yet. But, they will have a need very soon.

 In fact, it appears that the PM has a plan to show it early next week. So lets see if there are any surprises between now and then.

The FedNow system (block chain) is about to come on line, so lets see what they days bring.. Cross border clearing may be in the cards imo.. ~ MM

Delta and KTFA Members "News and Views" Tuesday 9-8-2020

KTFA:

DELTA:  THANK YOU SAMSON FOR THE HARD WORK............NOW WE ARE TALKING ...FINALLY..........AWESOME NEWS....

Samson: The House of Representatives has finished reading two laws and addresses an oral question to the Finance and Planning Ministers

09/08/2020 19:04:07

Minister Allawi pointed out that there are three types of loans, including commercial that the Iraqi government has moved away from, borrowing from governments and the third by borrowing from international development institutions such as the World Bank and the Arab Fund for the purpose of investment, especially those related to the requirements of improving the electricity sector by activating previous economic agreements with my company. Siemens and General Electric

Stressing the importance of reviewing the exchange rate so that the Iraqi economy enters the circle of competition with the interest of the International Monetary Fund in the issue of the exchange rate, noting that the ministry received an amount of 15 trillion dinars in full to meet the needs of salaries.

 LINK

DELTA:  VERY INTERESTING FAMILY...........Al Taif Islamic Bank........ YOU CAN SEND AND RECEIVE MONEY FROM AND TO OUR NEW LOCATION IN SPAIN

OneWildRide:  Sounds international to me!   But what do I know (smile)

Iobey777:  YEP!! IMO... coming our way SOON!!!

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Samson:  What is america doing with seventy billion dollars of frozen iraqi money?

7th September, 2020

According to the latest estimates, about $ 70 billion of Iraq's money is frozen in a bank account called the "Federal Reserve" in New York, and it cannot be released or part of it except as Washington deems appropriate and in accordance with the conditions set by the White House.

The establishment of this account or the establishment of the reserve bank dates back to 2003 and to Resolution 2483 and as a result of many years in which Iraqi oil revenues accumulated, which were supposed to be transferred to Baghdad, but they were transferred to this bank and this account, and it was liberating a very small part of these funds according to What the White House sees is that it was spent on public expenditures, such as salaries of government employees or public expenditures, and this is precisely one of the main reasons behind the stopping of the reconstruction of Iraq during the past seventeen years.

Regardless of the benefits and profits arising from the funds that have been frozen over the past seventeen years and the ambiguity surrounding the method of inventorying the money, profits and interest, but from a passing look, one can see why the United States insists on not withdrawing from Iraq and keeping the situation in this country as it is.

However, the painful issue in this regard is that the Iraqi Prime Minister, Mustafa Al-Kazemi, during his recent visit to the United States, asked that you loan him $ 5 billion, which Washington refused! Instead, she agreed to give him $ 13 billion, gradually, on the condition that she spend on the things that she determines!

After the issue of the airport martyrs and the Iraqi parliament’s insistence that the US forces leave the country, Trump threatened that if Parliament insisted on activating its decision, Iraq would not get its funds frozen in the aforementioned account.

The interesting issue in this regard is the recent statement by the advisor to the Iraqi prime minister who said: The parliament’s decision to remove the American forces is not binding and cannot be implemented because all Iraqi factions did not agree on it, and this indicates anything, but it indicates that Daoud Hisham is not familiar with the priorities The axioms of the laws in Iraq, and although his statement witnessed the reactions of many blocs in the Iraqi parliament, this proved that some of the ruling currents in Iraq are seeking to marginalize and ignore the efforts made by the Iraqi parliament to get Americans out of this country, and at the same time seek to end His authority in this matter, as it seeks to control Parliament and change its path towards the side he wants, which will not collide in any way with US interests in Iraq.

According to some sources, the United States is seeking to establish and form a bloc in the Iraqi parliament that is fully linked to it, regardless of the number of members of this bloc and who will belong to it and what are their advantages, and whether the US administration will succeed in that or not? The aforementioned informed sources believe that until now the roles have been divided in this regard and the UAE is supposed to play the role of paying the costs of forming this bloc, and if the UAE abandoned funding for the establishment and formation of the bloc, it would not be unlikely that the United States would finance it from the frozen funds of Iraq. In the Federal Reserve, by using the justifications established by the United States to withdraw funds from the account.

The American forces do not want to leave Iraq unless the people, parliament, or ultimately the resistance forces exert pressure and force the United States to comply with the Iraqi demand. LINK

Samson:  US Seizes Militia-Affiliated News Websites

8th September, 2020

The United States has seized control of two Iraqi news websites, which it says were unlawfully utilized by Kata'ib Hizballah, a Specially Designated National and a Foreign Terrorist Organization.

In a statement, the US Department of Justice said:

The United States has seized "Aletejahtv.com" and "Aletejahtv.org," two websites, which were unlawfully utilized by Kata'ib Hizballah, a Specially Designated National and a Foreign Terrorist Organization.

"Once again we see designated foreign terrorist organizations turning to the internet to push their message and recruit followers for their violent causes," said John Demers, Assistant Attorney General for National Security.  "We will continue to fight terror recruitment and propaganda efforts in the digital world, as we do elsewhere."

"Our system of commerce and our infrastructure, whether physical or electronic, is to be used by lawfully," said U.S. Attorney Byung J. "BJay" Pak for the Northern District of Georgia.  "We will not allow groups that have been rightfully prohibited from obtaining goods and services in the United States to use our internet services - especially to further their terrorist agenda.  This seizure underscores national collaboration and a commitment to protecting our commerce and infrastructure."

"The District of Arizona is home to many successful technology companies whose goods and services are capable of being used by individuals across the world," said U.S. Attorney Michael Bailey for the District of Arizona.  "We will not allow members of terrorist organizations to illegally use those goods and services to further their propaganda and agenda."

"The National Security of the United States is, and will always be, the top priority for the Bureau of Industry and Security's Office of Export Enforcement.  Attempts to surreptitiously utilize U.S. based online networks and services to promote Iran backed terrorist propaganda will immediately be disrupted, disabled, and seized," said P. Lee Smith, Performing the Non-exclusive Functions and Duties of the Assistant Secretary for Export Enforcement at the Department of Commerce.  "The Bureau of Industry and Security is committed to ensuring the stability of the Iraqi government and protecting our troops and Allied Forces against terrorist acts of violence"

On July 2, 2009, the U.S. Secretary of Treasury designated Kata'ib Hizballah, an Iran-backed terrorist group active in Iraq, as a Specially Designated National for committing, directing, supporting, and posing a significant risk of committing acts of violence against Coalition and Iraqi Security Forces.  On the same day, the U.S. Department of State designated Kata'ib Hizballah as a Foreign Terrorist Organization for committing or posing a significant risk of committing acts of terrorism.

"Aletejahtv.com" and "Aletejahtv.org," acted as Kata'ib Hizballah's media arm and published internet communications such as videos, articles, and photographs.  These communications included numerous articles designed to further Kata'ib Hizballah's agenda, particularly destabilizing Iraq and recruiting others to join their cause.  They also functioned as a live online television broadcast channel, "Al-etejah TV."  Portions of the communications expressly noted that they were published by Kata'ib Hizballah.

Federal law prohibits designated entities like Kata'ib Hizballah from obtaining or utilizing goods or services, including website and domain services, in the United States without a license from the Office of Foreign Assets Control.  "Aletejahtv.com" and "Aletejahtv.org" are domain names that are owned and operated by a United States company based in Scottsdale, Arizona.  Kata'ib Hizballah did not obtain a license from the Office of Foreign Assets Control prior to utilizing the domain names.

On August 31, 2020, pursuant to a seizure warrant, the United States seized "Aletejahtv.com" and "Aletejahtv.org."  Visitors to the site received the following message:

This seizure was investigated by the Department of Commerce, Bureau of Industry and Security.

Assistant U.S. Attorneys from the Northern District of Georgia, Assistant U.S. Attorneys from the District of Arizona, and trial lawyers from the Department of Justice National Security Division prosecuted the seizure.  LINK

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Samson:  After the National Day .. A new law in Iraq to reduce a month of holidays

6th September, 2020
Sunday, the Iraqi Minister of Culture, Hassan Nazim announced his ministry’s intention to submit a draft law on “official holidays,” indicating that the total in the country reaches a full month, which negatively affects various sectors.

The ministry said, in a statement received by Shafaq News Agency, that "the Minister of Culture, Tourism and Antiquities, Hassan Nazim, received today, in his official office, a member of Parliament, Hussein Fayez, to discuss the draft law on public holidays and the Iraqi National Day."

According to the statement, Nazem spoke at the beginning of the meeting about "the existence of a large number of holidays that negatively affect several sectors in the country," indicating that "the largest part of them are related to religious occasions, as the total holidays coinciding with this occasion reach about a full month."

"The ministry is now working on writing a project for official holidays, in consultation with many cultural and academic elites and a number of other officials," he added. "The project will be submitted after writing it to the Council of Ministers and then referred to Parliament."

For his part, according to the statement, the deputy expressed his support for choosing the third of October as a national holiday for Iraq, indicating that "Iraq has become on this day an independent state." He stressed the necessity of legislating a law for public holidays to serve state institutions and the economic, educational and service sectors.

The Iraqi government had approved the Ministry of Culture’s proposal to choose the date of its independence and salvation from the British Mandate on October 3, 1932, as a national day for the country to be celebrated annually.  LINK

Allawi reveals to Parliament the reason for the delay in submitting the economic reform paper

8th September, 2020

The Minister of Finance, Ali Allawi, revealed, on Tuesday, the reason for the delay in submitting the economic reform paper.

"The reform paper will be submitted to the three presidencies and the relevant committees at the end of this month, and we seek to stop the doors of wasting public money at all levels, and this will be included in the economic reform paper," Allawi said during his hosting of the parliament session currently being held.

He added, “The reason for the government’s delay in not sending the government reform paper to Parliament was that the domestic and foreign borrowing law was not completed to fill the fiscal deficit for the year 2020.” He pointed out, "The government has spent all the money for internal borrowing, and foreign borrowing will not be done until now."  LINK

Edna:  Lets not act like we don't see this! This is not coming from a member of parliament but from Allawi himself. “The reason for the government’s delay in not sending the government reform paper to Parliament was that the domestic and foreign borrowing law was not completed to fill the fiscal deficit for the year 2020.” And " "The reform paper will be submitted to the three presidencies and the relevant committees at the end of this month. So the White paper has not been sent yet. But the 2020 budget is supposed to be brought in to parliament next week per articles posted today.

"Saturday News" Posted by Samson 9-5-2020

KTFA:

Samson:  Iraq maintains its 38th position in the world and the fifth in the Arab world with the largest gold reserves

5th September, 2020

The World Gold Council announced, Saturday, that Iraq maintained its position as the 38th largest gold reserve for the month of August

The council said, "Iraq ranked fifth in the Arab world, after Saudi Arabia, Algeria, Lebanon and Libya

He added that "Iraq's gold reserves amounted to 96.3 tons, which is equivalent to 8.8% of the rest of the other currencies," noting that "his last purchase was in 2018, according to which he bought 6.5 tons

The council noted that "the total purchases by countries for the month of August amounted to 27.2 tons, as Turkey bought 19.4 tons, Qatar 3.1 tons, India 2.8 tons, and Kazakhstan 1.9 tons, while the total sales amounted to 17.7 tons

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world  LINK

Samson:  Darjal: The ministry's treasury contained only 300 dinars when I received it

10:28 - 05/09/2020

The Minister of Youth and Sports, Adnan Darjal, confirmed that the ministry’s treasury contained only 300 Iraqi dinars when he assumed the position.

Darjal said in a video clip during his visit to Anbar Governorate and his meeting with the head and members of the Yarmouk Center for Studies and Strategic Planning that “In light of the Corona pandemic, the question was how we will work, the ministry received and found in it an amount of only 300 hundred Iraqi dinars. leave the work? The answer is no.”

"We started working day and night, and we worked until dawn, and our meetings continued until two in the morning," he added.

It is noteworthy that Darjal received the ministry from his predecessor Ahmed Riad, with the formation of the government headed by Mustafa Al-Kazemi.   LINK

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Samson:  A politician is surprised at the objection of some parties to the formation of a committee to investigate corruption cases

09/05/2020 10:24:36

The former Deputy Prime Minister, Bahaa Al-Araji, expressed his surprise at the objection of some parties to the formation of a committee to investigate corruption and important crimes that were announced by Prime Minister Mustafa Al-Kazemi.

Al-Araji said in a tweet on Twitter that "the objection of some parties to the formation of the permanent committee to investigate issues of corruption and important crimes forces us to put a thousand question marks. It is the duty of everyone to support its formation as it is an urgent popular and national demand."

He added, "To let Al-Kazemi know that the results of the work of this committee will be the most important criterion for his success or failure!"   LINK

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Samson:  Official of the Kurdistan government: The delegation of the region will visit Baghdad on Sunday

5th September, 2020

A high-ranking delegation from the Kurdistan Regional Government headed by Qubad Talabani, Deputy Prime Minister of the region, will visit the capital, Baghdad, tomorrow, Sunday, to resume talks with the federal government.

Talabani’s spokesman, Samir Hawrami, told Tigris TV that the delegation will visit Baghdad to complete the dialogues with the federal government on the issue of the financial budget and financial dues for the region and confirm them in the draft budget law in 2021.    LINK

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Samson:  Parliament is preparing to resume its sessions today after a long break due to Corona

09/05/2020 12:23:16

Parliament is preparing today to resume its sessions again after a long interruption due to the Corona pandemic, which has held up the country for a long time before a gradual return due to the lack of control over the virus and the increasing number of infections. Where coexistence with the virus has become a necessary evil, in order for life to continue in the country while adhering to the preventive instructions.

The second deputy speaker, Bashir Al-Haddad, announced the agenda for today's session, Saturday, indicating that the parliament will make up for what it missed during the Corona crisis in the new legislative term, at a time when the parliament’s general secretariat announced its readiness to hold the sessions.

Al-Haddad said in a statement that “the most important thing in the session’s agenda is the completion of the House of Representatives election law, the first reading of the draft law amending the Federal Supreme Court’s law, the draft ministers’ and ministries’ law, in addition to the proposed law amending the Personal Status Law No. 188 of 1959, in addition to presenting And discussion of proposals for other laws and general issues." He added that "the new legislative chapter will increase the number of sessions, and the committees will proceed with the legislative procedures for laws and proposals, and be full of parliamentary work to compensate for the time that has passed due to the Corona pandemic, which disrupted most activities in all state institutions."

He continued, "The committees' meetings will continue while they were already present throughout the past period with the monitoring activities and field follow-ups of the representatives," noting that "there are a number of draft laws and proposals, some of them postponed from previous sessions and the procedures for their legislation have not been completed. We will proceed with them after enriching them with discussions in the relevant committees and unifying them." Opinions and agreement between the parliamentary blocs.

The Secretary-General of the House of Representatives, Sirwan Abdullah Sereni, announced that "the preparations and preparations for the holding of the House of Representatives session to be held this afternoon and the next sessions have been completed." The measures included "organizing the entry process into the council, placing thermal cameras at the entrances, imposing health measures on all employees and visitors, as well as preparing the large hall to hold the session, taking into account the health and preventive conditions."   LINK

Samson:  The Iraqi Parliament reveals billions of dinars corruption files related to Corona

5th September, 2020

On Saturday, a member of the Parliamentary Health Committee, representative of the "Sairoun" coalition, Jawad Al-Mousawi announced corruption files estimated at billions of dinars in the Iraqi Ministry of Health that marred the tests for Corona virus.

Al-Mousawi said in a press conference held today and attended by the correspondent of Shafaq News Agency, that "the Health and Environment Committee has raised a lot of corruption files related to the Ministry of Health, since the current parliamentary session and these files up to the moment   have not been opened in the Integrity Commission and no file has been resolved from them, and they reached about 30-40 files worth hundreds of millions of dollars."

He called on Prime Minister Mustafa Al-Kazemi to reopen it again and to address the Integrity Commission to find out the reasons and the fact that these files were not opened.

And he indicated that "the procrastination by the Integrity Commission not to open the files generates frustration because these files are still ink on paper until now, and he invites us to ask about reasons for not raising them. They may be reasons related to corruption or the control of some parties and large personalities over these files and prevent them from being opened, and the last of them." Two days ago, I submitted a file to the Ministry of Health regarding the degrees of the ministry. These files were submitted to the Integrity Commission a year ago and until now, no investigation has taken place.

Al-Mousawi added, "The documents prove the existence of corruption based on a report from the Office of Financial Supervision of five pages on corruption worth billions of dinars, as well as other files related to Corona virus tests and the process of purchasing service from the Ministry of Health to certain companies to conduct these checks and they have a lot of observations, including delayed checks and lack of "Its accuracy and the manipulation of its numbers, for example a company that conducts 500 tests, but receives money from the Ministry of Health for the value of a thousand tests."  LINK

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Samson:  Another Islamic country normalizes relations with Israel

4th September, 2020

Israeli Prime Minister Benjamin Netanyahu said on Friday that Israel and Kosovo, which has an Islamic majority, have agreed to establish diplomatic relations and that Kosovo, along with Serbia, will open their embassies in Jerusalem.

Netanyahu's statement came shortly after a similar announcement by US President Donald Trump in Washington, where he met with the leaders of Serbia and Kosovo, who agreed to normalize their economic ties.

"Kosovo will be the first Muslim-majority country to open an embassy in Jerusalem ... As I said recently, the circle of peace and recognition of Israel is expanding and more countries are expected to join," Netanyahu said.

Only two countries, the United States and Guatemala, have opened embassies in Jerusalem. The Palestinians opposed such steps.

The status of Jerusalem is one of the most difficult obstacles to reaching a peace agreement between Israel and the Palestinians, who, with broad international support, want East Jerusalem, which Israel occupied in the 1967 Middle East war, as their capital.

Israel considers the entire city, including the eastern sector it annexed after the 1967 war, as its capital. Israel and the UAE agreed last month to normalize diplomatic relations in a deal in which Trump played the role of mediator.  LINK

KTFA Members "News and Views" Thursday Afternoon 9-3-2020

KTFA:

The GreenTreeMusic:  I am not only framing this article ...I have begun
wallpapering my house with it!!!

Ross:  Very exciting.. Fairly sure to be in WTO need RI not program rate. Maybe they will join GCC first ?

Samson:  Iraq is moving to join global trade ... and an Arab country: We will facilitate its mission

09/03/2020 10:15:12

Iraq opened the file for its accession to the World Trade Organization.

A statement by the Ministry of Foreign Affairs, of which the Euphrates News Agency received a copy, said: “The Chargé d'Affairs, Minister Plenipotentiary {Abbas Kazem Obeid} met in Geneva the head of the working group on Iraq's accession to the World Trade Organization, Ambassador Omar Hilal/ Permanent Representative of the Kingdom of Morocco to the United Nations in New York, In the presence of the Director of the Accession Department at the World Trade Organization, Ms. Maika Oshikawa, and her assistance at the headquarters of the Organization.

The two sides exchanged, according to the statement, "talking about ways to activate the file of Iraq's accession to the organization and the importance of continuing work in completing technical documents to complete the requirements for accession and overcome the obstacles and challenges facing the accession process."

The statement indicated that "it was agreed to prepare training programs for members of the national negotiating team, as well as discuss the importance of setting a new date for the high-level conference on Iraq's accession to the World Trade Organization, which was supposed to be held in Baghdad for the period 26-27/11/2019."

Last Thursday, Moroccan state television - Channel 1 - announced that Moroccan Ambassador Omar Hilal, head of the working group concerned with Iraq's accession to the World Trade Organization, held a series of meetings last week in Geneva with the parties participating in the World Trade Organization. Activating the file of integrating Iraq into this organization.

On the other hand, identical sources indicated that these meetings follow a telephone conversation that Ambassador Omar Hilal held during the month of July with the Minister of Trade, Alaa Ahmed Hassan Al-Jubouri.

 The same source added that during the aforementioned meeting, the two sides agreed to activate negotiations, with a view to speeding up the process of the Iraqi Republic’s accession to the World Trade Organization.

Here, it is noteworthy that Ambassador Omar Hilal, Chairman of the Working Group on Iraq’s Accession, had a discussion with the Director General of the World Trade Organization, Roberto Azevedo, and held a working session with the Deputy Director General in charge of accession operations, Alan Wolf, as well as with Mika Oshikawa, Director of the Accession Operations Section, Wolff pledged to work to educate the countries of the World Trade Organization, in order to facilitate the process of joining Iraq.

On the other hand, according to a report by MAP, he highlighted that Ambassador Omar Hilal held bilateral meetings with ambassadors and permanent representatives in Geneva, and the main countries participating in this process, especially the European Union, Switzerland, Russia, China and Saudi Arabia, in their capacity as coordinator of the Arab Group He also had a fruitful telephone conversation with the US representative, who was in Washington.

The report also highlighted that the interlocutors of Moroccan Hilal unanimously express their thanks and praise for Morocco's tireless efforts aimed at re-launching the process of Iraq's accession to the World Trade Organization, in the difficult context of the "Covid-19" epidemic.

On the other hand, the aforementioned source added that the Moroccan diplomat held a virtual working session from Baghdad, with Adel Al-Masoudi, Director General of Foreign Economic Relations at the Ministry of Trade and head of the delegation in charge of negotiations, and this meeting constituted an occasion for the Iraqi side, in order to reaffirm his commitment to redouble efforts in order to prepare All documents required to join.

To this end, the Iraqi side requested technical assistance for the benefit of the various ministerial sectors concerned in order to form an effective negotiation team, capable of enabling Iraq to better negotiate its interests during this long and arduous process, and this virtual working session was completed by coordination meetings held with the mission. Al-Iraqiya, with Abbas Kazem Obeid, the Iraqi ambassador to Geneva

In order to mobilize the necessary financial contributions for technical assistance, training and strengthening the capabilities required by the Iraqi authorities, Hilal held a virtual working session with representatives of the World Bank in both Baghdad and Beirut. International to strengthen technical support for the benefit of the Iraqi delegation.

The re-launch of the process of Iraq's accession to the World Trade Organization comes in a positive context, reinforced by encouraging signs following the formation of the new Iraqi government led by Mustafa Al-Kazemi, as the latter expressed his aspiration to open up to its regional and international surroundings.

Thus, Al-Kazemi aims to fight corruption, and to carry out many reforms in the country, especially at the level of the judicial system, as well as to implement the necessary economic transformation so that oil is not mainly dependent on oil as a main source of Iraq's GNP, by focusing on diversifying his income through Promote agriculture, livestock, agricultural industries and trade sectors.

On the eve of these preliminary discussions, led by Hilal Maghribi in Geneva, the World Bank published a report on the economic situation in Iraq.

This report stresses the importance of the country’s accession to the World Trade Organization, which will help complete many reforms, through binding international commitments, and enable Iraq to benefit from a multilateral trading system that is transparent, extrapolable, and based on rules.

LINK

Don961:  Will Iraq be the economic heart of the Middle East?

WHERE IS THE TRUTH?

GMT 13:12 01.09.2020

Diaa Hassoun

French President Emmanuel Macron intends to make his first official visit to Iraq tomorrow, Wednesday, and reports quoting French government sources indicated that Macron's visit comes as an expression of standing by Iraq in the face of the crisis afflicting it

Is Mr. Macron looking for a major economic opening with Iraq? 

On this topic, the guest of the "Where is the Truth" program on "Sputnik" radio, professor of political thought at Al-Mustansiriya University, Dr. Issam Al-Faily says: "This visit may come as a continuation of the international and regional openness to Iraq, as they realize that they are dealing with a new project for the Iraqi state, represented by the stability in which the country is living and which opens the doors for investment to France."

" Iraq comes in second place in terms of French interest after Lebanon , and Paris may seek to conclude new agreements with Baghdad, as it wants to strengthen its alliance with countries that have direct contact with Turkey," al-Faili said.

Faily added, "France may offer solutions to the problems that Iraq suffers. Economic stability will lead to positive results in any international alliances in the field of energy, and there is also a conviction that Iraq is the beating economic heart in the region."  link

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Samson:  The Kurdistan Region exempts residents from 15% of the debt

3rd September, 2020

The Ministry of Finance and Economy in the Kurdistan Regional Government announced today, Thursday, that citizens borrowing from the government will be exempted from 15 percent of what they owe in terms of money for it.

According to a statement by the ministry, received by Shafaq News, it has issued new instructions to recover the debts owed by citizens, adding that according to those instructions it decided to exempt them by 15 percent of all loans and fines owed by them.

The statement stipulated that the debtor citizens return all their owed in one payment until the first of next November, indicating that the exemption decision includes all loans and advances. The statement clarified that it includes housing advances, water and electricity debts, small debts and marriage advances.

The Kurdistan Regional Government had established years ago a housing loan fund, from which thousands of citizens benefited, and the condition was that they return the amount they received within a period of ten years.

In addition to the housing fund, the government established a small loan fund project, from which about 8 thousand and 136 young people benefited and received a total of 76 billion and 865 million dinars in loans from the government.  LINK

Don961:  Al-Kazemi and the Anti-Corruption Committee ... Parliamentary preferences to activate arrest warrants and demands to move towards `` whales ''

2,420 Policy 09/02/2020 16:00  Baghdad Today - Follow-up

The Parliamentary Integrity and Legal Committees said that Prime Minister Mustafa Al-Kazemi's announcement of forming a supreme committee to prosecute corrupt individuals and those involved in wasting public money is welcome, provided that investigations are followed up with `` whales, '' and the matter is not limited to junior employees.

The two committees suggested that the government would investigate tens of thousands of corruption files that have been hanging on the shelves of the Integrity Commission for several years, with the activation of arrest warrants issued against a number of ministers and former deputies accused of corruption.

Last Tuesday, Prime Minister Mustafa Al-Kazemi announced, in a televised speech, the formation of a supreme committee to investigate major corruption and exceptional crimes cases, indicating that this committee linked to the office of the Prime Minister and Commander-in-Chief of the forces will grant all the powers required to achieve the prestige of law in society. And restore the rights of the state and the citizen from the corrupt and aggressors.

Member of the Parliament's Legal Committee, Hassan Fadam, says that "the parliament supports the formation of a supreme committee to combat rampant corruption in all parts of the state," stressing that "the prime minister will grant this committee broad powers to pursue the large corruption files in the Integrity Commission." On the thirteenth of last August, press sources revealed a "government plan to chase the corrupt and prevent them from traveling by activating hundreds of arrest warrants issued in previous periods against many corrupt persons involved in wasting public money."

Fadam added that "the Integrity Commission owns tens of thousands of corruption files in various matters, some of which are administrative offenses related to employee violations."

The volume of corruption files stored on the shelves of the Integrity Commission is estimated at about (14) thousand corruption files, according to a previous statement by the "Parliamentary Integrity Committee", stressing that "most of these files are suspended and have not been sent to the judiciary due to red tape, disagreements and the lack of completion of the investigation."

Over the past years, successive Iraqi governments have failed to curb corruption and waste of public money, despite the formation of several governmental and parliamentary committees to reduce them, the last of which was the formation of the former government of Adel Abdul Mahdi, the Supreme Council for Combating Corruption, which held several meetings, but without any results.

And the deputy from Babil Governorate continues his speech, saying that "the Prime Minister has not announced the mechanism and nature of this committee, nor its head and the names of its members, which will be assigned to investigate the files of corruption."

In turn, Taha Al-Dafeh, a member of the Parliamentary Integrity Committee, called for "the higher committee concerned with investigating large corruption files to overcome the previous problems, errors and obstacles that occurred with the Supreme Council for Combating Corruption, and that this committee also has the ability and courage to issue decisions against large corruption files." .

The regulatory authorities estimate the amount of money that Iraq has lost as a result of corruption operations at more than 450 billion dollars, out of the 900 billion dollars that Iraq obtained from oil sales during the past twelve years. "Because of this waste of public money and thefts, Iraq lost a lot of its money," he added, in a press statement, pointing out that "what we hope from this governmental committee will be its great powers to deal with errors and corruption processes."

Iraq topped the lists of corruption in the world after it came in sixth place in the Arab world and thirteenth in the world in the most corrupt countries in the report issued by Transparency International last year, after Denmark and New Zealand ranked first and second, respectively, with the least corrupt countries in the world and the most transparent.

"The names of the head and members of the new governmental committee concerned with prosecuting the most corrupt people are unknown to us until this moment," the member of the victory coalition points out, believing that "these committees require the presence of judges who have knowledge and knowledge of investigations and following up on corruption files."

Earlier, the Integrity Commission announced the issuance of arrest warrants against 86 high-ranking officials, including ministers and deputies, on charges related to corruption, including (9) arrest warrants and (81) recruitment orders. "

They are of their rank, (3) former members of Parliament, (6) current and former undersecretaries, in addition to (5) former governors, (20) current and former directors, and (40) members of dissolved provincial councils.

The deputy from Baghdad governorate believes that this governmental committee needs to take "courageous and bold decisions" to arrest the right of "whales." He emphasized that "many of the arrest warrants issued against a number of ministers, officials and general managers are suspended and inactive."   LINK

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Samson:  Minister of Oil: We are working to achieve the highest levels of understanding with international companies to develop fields

09/02/2020 16:23:16 

Oil Minister Ihsan Abdul-Jabbar Ismail said, "Work is underway to achieve the highest levels of understanding with international companies to develop oil fields, during a visit to the Al-Ahdab and Badra fields.

The Minister of Oil affirmed the ministry’s keenness to optimally invest the national wealth, in a way that achieves the highest economic return, by exporting crude oil, as well as directly contributing to achieving the requirements of the local need for petroleum products, especially gas fuel in supplying electric power stations, and that the ministry is working To achieve the highest levels of coordination and understandings with international companies contracting to develop oil fields, by providing an appropriate work environment, and engaging local expertise in the world in a way that achieves common goals, and that this visit to Al Ahdab and Badra fields aims to learn in the field the nature of the implementation of work and projects in progress and meet with officials and workers.

Ismail indicated that the ministry will spare no effort in supporting and assigning national and foreign companies operating in Iraq to achieve the planned goals, stressing the importance of making efforts by workers to overcome challenges and advance infrastructure projects, in addition to supporting service and health sectors in the province. The Minister of Oil held a meeting with the Director General of the Central Oil Company and a number of officials and workers in the Al-Ahdab and Badra fields and listened to a review of the stages of project development according to the ministry’s plans presented by a number of stakeholders on the aforementioned fields, then the Minister of Oil toured a number of oil sites in the governorate.   LINK

Samson:  Kuwait, one of the richest countries in the world, is struggling to make ends meet

19:21 - 02/09/2020

The US agency "Bloomberg" revealed that Kuwait, which is one of the richest countries in the world, is struggling to make ends meet.

In a report published by the agency, it mentioned that the Kuwaiti Finance Minister, Anas Al-Saleh, warned in 2016 that the time had come to cut spending and prepare for life after oil was mocked by the people who grew up accustomed to an endless flow of oil revenues.

Four years after the minister’s warning, one of the world's richest countries is struggling to make ends meet, the report said, as the sharp drop in energy prices raises deep questions about how Gulf Arab states manage their money. With the decline in oil revenues, the Gulf states are facing a moment of economic reckoning, which has sparked a renewed debate about the future of the Gulf states that depend on oil revenues. OPEC has revived oil prices after its historic decline this year due to the economic repercussions of the Corona pandemic, but the price at $ 40 is still very low, in light of the threat of the Corona virus and the shift towards renewable energy.

The confrontation between Parliament and the government

The confrontation between Parliament and the government led to political deadlock, at a time when lawmakers thwarted plans to reallocate government grants and obstructed proposals to pass a public debt law, and the government almost exhausted its liquid assets, making it unable to cover the expected budget deficit of the equivalent of $ 46 billion. Almost this year.

90% of the state’s financial revenues are from oil

Kuwait depends on oil, which accounts for 90 percent of the state’s financial revenues. The total benefits for housing, fuel and food can reach $ 2,000 per month for an average family, and salaries and subsidies withdraw three quarters of the state’s spending. The agency indicated in its report that Kuwait still has money. The Kuwait Investment Authority fund is ranked fourth in the world as the largest fund, estimated at $ 550 billion. Opponents warn that without diversifying the economy and creating jobs, savings will end in 15 to 20 years.

The government borrows

The agency said in its report, that the wealth fund has begun to search for mechanisms to rescue, at a time when Parliament is studying to stop the deduction of 10 percent of the oil revenues that go to the Generations Fund, but it confirmed that all of this is not sufficient to cover the budget deficit. To tackle the financial crisis, the government must borrow for the first time since the issuance of an Eurobond in 2017.

Decline in investor confidence

In its report, the agency pointed to undermining investor confidence in March, as Standard & Poor's credit ratings agency placed Kuwait's sovereign rating under negative surveillance. As the International Monetary Fund said that month, "Kuwait's opportunity to meet its challenges is gradually diminishing."   LINK

MilitiaMan and KTFA Members Wednesday PM 9-2-2020

KTFA:

Samson:  Tender for the transfer of Mosul branch employees

2nd September, 2020

Tender Numbered (2020/01)

Bank calls on the Iraqi Central / branch Mosul companies or officially licensed specialized offices to participate tender for the transfer of its affiliates in accordance with the legal requirements and routes of transmission lines prepared and attached linked securities tender can companies or officially licensed offices obtained for an amount of $ ( 100,000 ) N dinars

To respond to that accompany the joint With him a letter proving that he is the authorized director of the company or the office or one of its official employees with the identity of the company or the office in addition to the company or office registration papers certified and valid for the year 2020 to the Central Bank of Iraq / Mosul branch / located on the left side / Al-Nour neighborhood near Dhi Al-Nurin Mosque for the purpose of receiving tender documents will be the closing date of the tender before the end of official working hours on Sunday a brief summary 09/06/2020   LINK

OlLar:  Does anyone know what an (N Dinar ) is?  

MilitiaMan:  Sure would be nice if it were to mean. NEW DINAR...And they may.. imo Blockchain Digital Asset Backed Currency would be new.. imo ~ MM

MilitiaMan:  Lets think about this a moment. They have tenders from the CBI for qualified entities. The QFS System is new and would need entities that are schooled in the new technology. They are going to be re constructing the Mosul area and largely too. The contracts will need to be transparent and be able to use the new system. The tender date is for Sunday this weekend. The Oil and Gas Law is on the table for the coming days. They'll need to have things ready for the new system too. They will not have a choice from the looks of it imo.. 

"Tender Numbered (2020/01)

"The Central Bank of Iraq / Mosul branch invites the officially licensed and specialized companies or offices to participate in a tender for the transfer of its employees according to the legal conditions and the routes of the transport lines prepared and attached to the tender papers. With him a letter proving that he is the authorized director of the company or the office or one of its official employees with the identity of the company or the office in addition to the company or office registration papers certified and valid for the year 2020 to the Central Bank of Iraq / Mosul branch / located on the left side / Al-Nour neighborhood near Dhi Al-Nurin Mosque for the purpose of receiving Tender documents The tender closing date will be before the end of the official working hours on Sunday 6/9/2020"

MilitiaMan:  This link may be of interest to everyone. The CBI is talking about tenders.. This like mentions tenders in many places. Page 14 Item 2.. Block Chain is to be used for TENDERS... imo... CBI is talking routes of tender papers, transport lines.. In other words, they can monitor the Chain of events in the tender process. This imo is huge and should not get lost... imo ~ MM

http://www3.weforum.org/docs/W.....Report.pdf

BearCinnebar:  IMO KTFA:  is this maybe correct by reading documents that we all have seen and listed with Google search:

You will see different abbreviations like in the US State Department FUTURE OF IRAQ PROJECT document:

ND = New Dinar
NID = New Iraqi Dinar

https://nsarchive2.gwu.edu/NSAEBB/NSAEBB198/index.htm

Scroll down to see:  Economy and Infrastructure

Page 14:
New Currency, Fiscal and Monetary Policies Guidelines for the Transitional Government of Iraq

Interesting for sure and well yes it could be correct - as we see the different usage for abbreviations - the Iraqis are being creative to help us out maybe.

MilitiaMan:  Yes there is some very good data to go over and page 14 has some very fascinating things in it. The report shows what was from the past and what is needed into the future. By all the study we have under our belts, I can see this report as massive support they are in fact going to a market economy and will raise the rate of the IQD to support that effort! Thanks for the data! imo ~ MM 

ANH:  where can we find official information on the QFS Systems? Do yall mean the QIS Quantum Information System?  

MilitiaMan:  [12:07 PM, 8/30/2020] : https://www.federalregister.gov/documents/2020/08/11/2020-17539/service-details-on-federal-reserve-actions-to-support-interbank-settlement-of-instant-payments

[12:08 PM, 8/30/2020]: https://www.whitehouse.gov/wp-content/uploads/2017/12/A-Strategic-Vision-for-Americas-Quantum-Networks-Feb-2020.pdf

[12:08 PM, 8/30/2020] : https://www.occ.gov/news-issuances/alerts/2020/alert-2020-3a.PDF

[12:08 PM, 8/30/2020] : http://www.pat2pdf.org/patents/pat20200258338.pdf

MilitiaMan:  There are a few links and a video. Take your time with them and you'll come away very pleased to know this is a very good time to be in this.. imo ~ MM

View Video

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Samson: Culture explains why October 3 was chosen as a national day for Iraq

  The Council of Ministers adopted the Ministry of Culture project and voted on choosing Iraq to join the League of Nations on October 3, 1932, as the national day of the Republic of Iraq.

..to recall this pivotal event in the modern history of Iraq and its role in establishing the Iraqi state.

...the date of Iraq's accession to the League of Nations." 1932." He pointed out that "today, in a regular session of the Council of Ministers, the Council voted to approve the third day of October and referred the project to the House of Representatives for a vote and approval, the day on which Iraq joined the League of Nations as a national day, and an official holiday celebrated by Iraqis of various religions." Sects and nationalities with their Iraqi identity."   LINK

Ross:  This is a Friday Holy day...wondering if this would be a good time for them to announce a RI to return to the "former glory" we read about frequently ? 

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Don961:  According to The Banker's report for the best (100) Arab banks ... the first Iraqi Trade Bank as the best bank in Iraq and the first among Arab banks in profit growth

 5:35 PM

Baghdad Times 

According to The Banker's report for the best (100) Arab banks ... the first Iraqi Trade Bank as the best bank in Iraq and the first among Arab banks in profit growth   LINK

KTFA Members "News and Views" Tuesday 9-1-2020

KTFA:

Samson:  Can world trade be free from the dominance of the US dollar?

1st September, 2020

Policymakers around the world are looking to break free from the domination of the dollar, because pegging to this American currency deprives them of several advantages that they might obtain in the event of a decline in the value of their local currency

The British newspaper "The Economist" says in a report that the collapse of currencies is considered a negative event, because it makes imports more expensive, in addition to causing a deterioration in the standard of living of individuals and increasing the cost of trade

Nevertheless, economists have always considered that this problem carries with it the seeds of salvation, because the high cost of foreign imports pushes countries towards the orientation to consume domestic production, and thus employ more workers and stimulate the economy, in addition to that, the decline in the value of the local currency means that exports will become cheaper. For other customers, it also boosts the demand for local production

For example, when the value of the Colombian peso collapsed in the summer of 2014, the Minister of Finance at the time expected that this decline would be a good opportunity to revitalize the local economy. Including the global trading system as well. As Colombia does not conduct its commercial exchanges with other countries and companies in the local currency, the peso, but rather trades almost entirely in US dollars. This great link to the movement of global trade in the dollar leads to undermining some of the privileges and benefits that the economies of countries can reap from flexibility in controlling currency rates. Also, when the value of the dollar rises, world trade tends to shrink

A controlling currency

The newspaper explains that the model of trade and currencies in the world was summed up by researchers Robert Mandel and Marcus Fleming in the 1960s, when they considered that in the absence of any role for the dominant currency in the global market, it is assumed that the parties to each commercial transaction agree to set prices using the seller's currency. If things go like this, after the collapse of the Colombian currency, for example, the goods that this country exports will become cheap and will find great demand, and in the meantime, Colombians who want to buy Brazilian-made clothes will be upset about the high price of these imported goods, and turn to local production

Economists have noticed since the middle of the last century that the currency that companies choose to send invoices to each other can affect the rise or fall of expenses, so if the prices of Colombian exports are determined in dollars and not the local peso, then the decrease in this local currency will not affect the prices at which suppliers buy. Americans, so there will be no increase in demand. Scholars always note that the prices of goods do not change in value or the expected speed themselves, when the commercial transactions between the two countries do not depend on the local currency of each

In recent years, two researchers from the US Federal Reserve Bank in New York collected data on 24 countries during the period in the late 1990s and early 2000s, and their research results confirmed that exports are often not priced in the currency of the country from which they came, as the state of South Korea, for example. In 2001, 82% of its imports were billed in dollars, even though only 16% of these imports came from the United States

Economists confirm these conclusions, as the dollar plays a large role as the "locomotive currency" that is used in financial transfers and bill payments even when the United States is not a party to the transaction, especially when it comes to developing countries, as data collected by the International Monetary Fund cover about Half of world trade showed that the dollar’s ​​share of payments was 4.7 times the share of the United States from imports, and three times its share of exports. Another study showed that the dollar’s ​​share in world trade did not decline despite the decline of the US role in this trade

Pricing is in dollars

The newspaper indicates that when the European Union issued the euro, they were hoping to replace the dollar in the world, but this did not happen, as the volume of commercial payments made in euros is still considered logical compared to the volume of trade carried out by the countries of the Union, for example During the period from 1999 to 2014, the volume of trade in euros was equivalent to 1.2 times the share of the European Union space in global imports

Some consider that using a single currency in controlling international prices avoids unpleasant losses and surprises when market fluctuations occur in the markets, as many prefer pricing in dollars in the trade of precious metals, and relying on the dollar in pricing exports and imports saves the profit margin of investors and protects them from incurring Losses in the event of the collapse of the local currency but according to the newspaper, the question remains, why should this locomotive currency be the dollar? As this green banknote completely controls the world's money markets, and relies on trading stocks and bonds, transfers between countries and making payments

The newspaper points out that this situation allows America to enjoy a very special privilege, as its revaluation of the dollar by reducing its value directly affects US exports, which become cheaper in foreign markets

On the other hand, other countries devaluing their currency against the dollar does not help them increase their exports. On the contrary, it causes economic suffering, as they become unable to bear the cost of import, and their exports do not achieve any additional attraction when their currency decreases

These economic realities have made policymakers in the world dream about getting rid of the dollar’s ​​control, but this matter remains unlikely in the foreseeable future, as the hegemony of the dollar is the result of millions of individual decisions that all converge to cause this collective problem   LINK

Monday Night CC    https://fccdl.in/N5jhJSpQeY

Popeye7:  Just finished the CC, and want to say thanks again for your information, and time for relaying it to us Frank, and Walkingstick... Thanks to the 3 Amigo's for their much valued analysis, and explanation concerning QFS... Thanks to all of the team here at KTFA... God bless, and have a great evening.. Praying for you

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Samson:  Oil prices rise 1% with the decline of the dollar

1st September, 2020

Oil prices rose on Tuesday, September 1, to reverse course after suffering overnight losses, as investors turned to riskier assets and declined to buy the safe-haven dollar, which reached its lowest level in several years

Brent crude futures rose 47 cents, or 1 percent, to $ 45.75 a barrel by 06:35 GMT. US West Texas Intermediate crude futures rose 43 cents, or 1 percent, to $ 43.04 a barrel

The two benchmarks fell about 1% on Monday, due to concerns about surplus oil supplies, with global demand continuing to below pre-Covid-19 levels

The dollar lost in recent trading 0.04% to 92.146 against a basket of currencies, after reaching its lowest level since May 2018, following a shift in the US Federal Reserve's policy on inflation announced last week

The lower dollar makes oil and other commodities denominated in US currency more attractive to global buyers   LINK

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Samson:  Parliamentary calls for the enactment of a law that includes criminalizing those inciting sectarian strife

12:32 - 09/01/2020

MP for the Al-Sadiqon Parliamentary Bloc, Thamer Theban, called on Tuesday for the enactment of a law that includes incriminating the instigators of sectarian strife, indicating that there has been a lot of talk about the post-ISIS phase, and many ideas have been put forward in this regard.

Theban said in a statement to "the information", "There are political or social voices, whether through forums, conferences or electronic sites that seek to move the sectarian psyche and play on sectarianism."

He added, "In implementation of Article 14 of the Constitution, which says that Iraqis are equal before the law without discrimination," noting, "We call for the enactment of a law that criminalizes sectarianism, whether by word or deed, regardless of whether the person is religious, political and social."

Theban pointed out that “there has been a lot of talk about the post-ISIS phase A lot of sectarian ideas were raised in this regard, and it became necessary to legislate the law in the next legislative term. 

LINK

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Samson:  Governor of the Banque du Liban: The decisions related to the requirements of the banks will contribute to the stability of the exchange rate

1st September, 2020

Central Bank of Lebanon Governor Riad Salameh said on Tuesday that new decisions related to bank requirements would contribute to stabilizing the lira's exchange rate

He told Sky News Arabia that Lebanon's reserves amount to 19.5 billion dollars in addition to gold reserves, and that 30 percent of the money that left Lebanon's banks must be returned, adding that it is not logical that bank owners should not keep their money in the banks owned by them

He stated that banks that will not comply with the latest directive on capital rates will have to exit the market after February    LINK

Samson:  Trump's advisor: Other Arab and Islamic countries will normalize their relations with Israel

31st August, 2020

Robert O'Brien, National Security Adviser to US President Donald Trump, said that more Arab and Islamic countries are likely to follow the example of the United Arab Emirates in normalizing relations with Israel.

O'Brien, Trump's son-in-law and senior adviser Jared Kushner met with Israeli Prime Minister Benjamin Netanyahu in Jerusalem on the eve of talks in Abu Dhabi to finalize formal ties between Israel and the UAE.

On August 13, Israel and the UAE announced an agreement to normalize relations between them in a deal brokered by Trump. This agreement reshapes the scene in the Middle East from the Palestinian issue to relations with Iran. "We believe that other Arab and Islamic countries will soon follow the example of the UAE and normalize relations with Israel," O'Brien told reporters after talks at Netanyahu's residence. He did not name the countries, but Israeli officials have publicly referred to Oman, Bahrain and Sudan.

The Palestinians condemned the Emirati move, describing it as abandoning the policy of linking official relations with Israel with the establishment of a Palestinian state on the lands Israel occupied in the 1967 Middle East war. The Trump administration is trying to persuade other Sunni Arab countries, who share Israel's concerns about Iran, to join the peace effort in the region.

Kushner, who has been standing by Netanyahu and O'Brien, said the deal with the UAE was a "giant step forward" in this direction. "I say this as the grandson of two Holocaust survivors ... to play a role in this matter, it means more to me and my family than I can express." Kushner, O'Brien and other US officials will join an Israeli delegation on Monday on the first trip of the Israeli El Al company to the United Arab Emirates.

Israeli Regional Cooperation Minister Ofir Akunis told Kan of the Year television in Israel on Sunday that his country hopes to hold a signing ceremony for the agreement to normalize relations with the UAE in Washington by mid-September.   LINK

KTFA Monday Night CC with Frank26 and Friends 8-31-2020

KTFA:

Monday Night CC

TONIGHT IS OUR IQD UPDATE CC WITH SPECIAL GUESTS – DELTA, MM AND PETRA!

FRANK WILL DO AN INTRO TO THE CC ON YOUTUBE JUST BEFORE THEY START THE CONFERENCE CALL. WE WILL BE RECORDING THE ENTIRE CALL ON YOUTUBE THIS EVENING.

7PM EST

PLAYBACK IS: 605.313.5163  PIN: 156996#

Frank26:  8-31-20 RELAXING

https://www.youtube.com/watch?v=3DW1HxASPMY

8-31-20.....MOTIONS WITH EMOTIONS

https://www.youtube.com/watch?v=qOQi9kdkgCc

Samson:  Weights to host Al-Kazemi .. Saeron: Parliament will hold its session Thursday or Saturday

13:44 - 31/08/2020
The Sairoun Alliance confirmed, on Monday, that the House of Representatives will invite its members to the first session of the new legislative term next Thursday or Saturday, likely hosting Prime Minister Mustafa Al-Kazemi.

Member of the coalition, Representative Riad Al-Masoudi, said in a statement to /information/, that “the Presidency of the House of Representatives will invite members to a first session of the new legislative term on Thursday, and if it is not possible due to the end of the week, it will be next Saturday, the fourth of September,” indicating that “the upcoming sessions of the House of Representatives It will be open sessions.”

Al-Masoudi added, "It is likely that Prime Minister Mustafa Al-Kazemi will host the next session in order to explain the discussions that took place regarding his visits to Washington and Amman."  He continued: “The next session will include open discussions of election laws and the Federal Court in addition to the draft budget law for 2021,” noting that “the current election law cannot be amended until after it is issued in the Official Gazette because the law is voted on as a whole, and thus it is considered an approved law.”   LINK

Documents Referenced in MilitiaMan's Post Saturday 8-29-2020

KTFA:

Re: Militiaman’s Post “The GCR and QFS are Real and Underway”

Documents referenced in this post:  

A Strategic Vision for America’s Quantum Networks

Product of the White House National Quantum Coordination Office

February 2020

INTRODUCTION

The Trump Administration is committed to American leadership in quantum information science (QIS), and to unleashing its incredible potential for U.S. economic growth, technological advancement, and national security.

To coordinate a national research effort encompassing Federal agencies, the academic community, and industry leaders already underway, The White House National Quantum Coordination Office has released A Strategic Vision for America’s Quantum Networks.

Exploring how to build the quantum internet—a vast network of quantum computers and other quantum devices—will catalyze new technologies that accelerate today’s internet, improve the security of our communications, and allow dramatic advances in computing. By leading the way in quantum networking, America is poised to revolutionize national and financial security, patient privacy, drug discovery, and the design and manufacturing of new materials, while increasing our scientific understanding of the universe.

Quantum computing and networking technologies are still at an early stage of research and development (R&D). The strategic vision focuses America’s R&D efforts to advance the development of foundations for the quantum internet. It establishes QIS community goals for quantum networking, and recommends six specific technical areas for focused research activity.

This strategic vision is driven by the National Quantum Initiative Act (NQIA), signed into law by President Trump in December 2018, to accelerate QIS R&D through increased federal investment and coordination. The strategy was developed through the NQIA’s coordinating bodies, the National Quantum Coordination Office (NQCO) and the National Science and Technology Council’s Subcommittee on Quantum Information Science (SCQIS) and reflects deep community input from SCQIS request for information responses of 2018-2019 and from recent workshops hosted by Federal agencies1,2.

Over the past year, as called for by the NQIA, The White House established the National Quantum Coordination Office to unify Federal R&D activities across government, and the National Quantum Initiative Advisory Committee to ensure perspectives from the quantum community inform Federal efforts. Additionally, to implement the NQIA, the National Science Foundation announced the Quantum Leap Challenge Institutes3 solicitation to explore foundational quantum science and technology, and the Department of Energy (DOE) announced funding for the creation of new QIS research centers4 where researchers from DOE’s National Labs will join with experts from academia and the private sector to advance R&D. This builds upon the robust QIS research programs, centers and consortia at other agencies including National Institute for Standards and Technology, the Department of Defense, the National Security Agency, and NASA.

In 1969, the Department of Defense’s Advanced Research Projects Agency demonstrated the first network (ARPANET) that led to the internet we know today. Back then, one could hardly imagine that it would become the world’s most powerful driver for economic growth and quality of life.

As demonstrated once by ARPANET and now by A Strategic Vision for America’s Quantum Networks and the NQIA, the Federal government has a critical role to play in driving early-stage QIS research and providing direction to national R&D efforts. Under the Trump Administration’s leadership, the United States will pioneer the quantum internet and ensure QIS discovery and innovation that benefits all Americans.

https://www.whitehouse.gov/wp-content/uploads/2017/12/A-Strategic-Vision-for-Americas-Quantum-Networks-Feb-2020.pdf

Service Details on Federal Reserve Actions To Support Interbank Settlement of Instant Payments

A Notice by the Federal Reserve System on 08/11/2020

AGENCY:  Board of Governors of the Federal Reserve System.

ACTION: Service Announcement.

SUMMARY:

The Board of Governors of the Federal Reserve System (Board) has approved the FedNowSM Service as described in this announcement. The FedNow Service is a new interbank 24x7x365 real-time gross settlement service with clearing functionality to support instant payments in the United States. The new service will support banks' provision of end-to-end instant payment services and will provide infrastructure to promote ubiquitous, safe, and efficient instant payments in the United States.

DATES: September 10, 2020.

FOR FURTHER INFORMATION CONTACT:

Kirstin Wells, Principal Economist (202-452-2962), Susan V. Foley, Senior Associate Director (202-452-3596), Division of Reserve Bank Operations and Payment Systems; Jess Cheng, Senior Counsel (202-452-2309), or Gavin Smith, Senior Counsel, Legal Division (202-452-3474), Board of Governors of the Federal Reserve System. For users of Telecommunications Device for the Deaf (TDD), contact (202-263-4869.)

SUPPLEMENTARY INFORMATION:

I. Introduction

The payment system is a core part of our nation's infrastructure. For more than a century, the Federal Reserve has provided payment and settlement services to promote an accessible, safe, and efficient U.S. payment system.[1] Throughout its history, the Federal Reserve has provided these services alongside, and in support of, private-sector service providers.

The Federal Reserve Banks (Reserve Banks) fulfill this statutory role by offering services that provide core infrastructure for financial transactions, including check, automated clearinghouse (ACH), and funds transfer services.[2] This operational role provides key public benefits, including enhanced resiliency, healthy competition, increased innovation, and more equitable access.

Since the Federal Reserve does not have plenary regulatory or supervisory authority over payments, this operational role has also helped catalyze fundamental improvements in the nation's payment system.[3] This role in the payments system has allowed the Federal Reserve to advance its broader mission of providing the nation with a modern, safe, and effective financial system.

Consistent with this history, beginning in 2013 the Federal Reserve launched a collaborative initiative with a broad array of stakeholders to improve the speed, safety, and efficiency of the U.S. payment system.

As part of this initiative, the Federal Reserve and stakeholders identified the need for instant payment capabilities in the United States that would allow individuals and businesses to conduct and complete payments almost immediately, around the clock, every day of the year and provide a receiver with access to funds in seconds (instant payments).

[4] The ability to both send and receive funds instantly allows individuals and businesses greater flexibility and control to manage their money and make time-sensitive payments. This flexibility in turn may help alleviate mismatches between the time that incoming funds are available for use and the time that such funds are needed for other purposes.

For individuals, instant payments reduces the need for high-cost borrowing and the risk of associated penalties, such as overdraft or late fees.

Start Printed Page 48523Instant payments could be particularly helpful for individuals facing financial constraints or in times of crisis when there is heightened need to move money quickly and access funds almost immediately. For businesses, and in particular for small businesses, the ability to receive funds in near real time may result in better cash flow management in normal times, and this may be especially important in periods of stress. Instant payments may also provide businesses with considerable opportunity to improve efficiency and reduce costs of payments relative to paper checks and other existing payment methods.

In light of these and many other potential benefits, the Board and a broad set of stakeholders determined that a core infrastructure is essential to support the development and availability of instant payment services. In particular, stakeholders recommended that the Federal Reserve explore and assess the need for an operational role in instant payments and develop a 24x7x365 settlement service to support such payments.[5] This sentiment was echoed by the U.S. Treasury.[6] It was also supported by the vast majority of over 400 comments received by the Board in 2018 in response to a Board proposal of potential actions to support instant payments in the United States (the 2018 Notice).[7]

As a result of this extensive consultation with a wide variety of stakeholders, the Board announced via public notice in August 2019 (the 2019 Notice), that the Reserve Banks would develop the FedNow Service, a new interbank 24x7x365 real-time gross settlement (RTGS) service with integrated clearing functionality to support instant payments in the United States.[8] In making its decision, the Board concluded that the Federal Reserve's operation of such a 24x7x365 RTGS service would be the most effective approach to advance the Federal Reserve's and industry's objective of ubiquitous, safe, and efficient instant payments in the United States.

Consistent with the Federal Reserve's historical role in supporting payment system improvements, the Board concluded that the Reserve Banks' operation of the FedNow Service would support broader modernization of the nation's payment system as the industry moves towards instant payments.[9] Serving as an operator would also be consistent with the Federal Reserve's historical role as a provider of payment services alongside the private sector, which is currently the established model for almost every major payment system in the United States.[10]

An operational role for the Federal Reserve would also help ensure competition in the market—an outcome that the U.S. Government Accountability Office concluded benefits consumers in other payment systems.[11] Notably, over the course of the Federal Reserve's multiyear engagement with the industry on instant payments, only one private-sector RTGS service for instant payments has been established in the United States (the existing private-sector service).

The Board's analysis supporting the decision to develop the FedNow Service indicated that the existing private-sector service was likely to remain the sole private-sector provider of RTGS services for instant payments in the United States. The Board explained in the 2019 Notice that no traditional payment system in the United States has only a single private-sector provider, and that such an outcome would create significant risks to the safety and efficiency of the nation's payment system.

In particular, the Board explained that a single private-sector service would face significant challenges in establishing an accessible infrastructure for instant payments with nationwide reach, would result in limited competition that could have negative effects on pricing and innovation, and could create a single point of failure in the nation's instant payments infrastructure.

In light of these significant risks, the Board determined that an operational role would allow the Federal Reserve to advance a number of important objectives, including establishing an accessible nationwide infrastructure, fostering stability in times of crisis, supporting resiliency through redundancy, and stimulating healthy competition for clearing and settling instant payments.

Given their operational role in providing payment and settlement services, the Reserve Banks have established broad reach and invested in connections and customer service relationships with more than 10,000 diverse financial institutions, both small and large, across the country. This reach, in turn, will support the Federal Reserve's ability to provide a nationwide infrastructure for instant payments through the FedNow Service, furthering the goal of ubiquitous instant payments in the United States by connecting banks across the nation.[12]

As a result, banks of every size, in every community will have the ability to offer instant payment services to their customers, which is essential to their ability to meet evolving customer demands effectively. This, in turn, will ensure that individuals and businesses across the country have the ability to use such services regardless of geography.

The Federal Reserve has also historically played an important role in promoting the safety of the U.S. payment system by providing liquidity and operational continuity in times of crisis. Serving in an operational role in instant payments will allow the Federal Reserve additional capacity in the future to respond to financial turmoil, natural disasters, and other crises, as it has done in the past.

 In addition, providing access to more than one RTGS service for instant payments for backup purposes will enhance resiliency by reducing the risks caused by a single point of failure.

The FedNow Service will also promote competition by providing choice of instant payment services in the market. Competition exists in nearly every payment system in the United States today, including funds transfers, ACH, checks, and card transactions. The Board's analysis indicated that choice in Start Printed Page 48524RTGS services for instant payments would likely result in efficiencies related to pricing, service quality, and innovation. Moreover, it will give banks and third-party service providers a neutral infrastructure to build on, allowing them to offer a variety of innovative and convenient instant payment services to individuals and businesses.

A. An Overview of the FedNow Service

The FedNow Service will be available to banks in the United States and will enable individuals and businesses to send instant payments any time of day, any day of the year through their bank accounts. An instant payment facilitated by the FedNow Service begins when a sender (that is, an individual or business) initiates a payment using a service provided by their bank, such as a banking application accessed on a computer, tablet, or mobile device.[13] After the sender's bank receives this request, it will send a message through the FedNow Service to the receiver's bank, with information about the payment.[14]

Upon receipt of this message, the receiver's bank will indicate whether it intends to accept the payment. If it intends to accept the payment, the receiver's bank will send a positive confirmation back, and upon receipt the FedNow Service will transfer the funds between the Federal Reserve accounts associated with the banks. Each bank will debit and credit their customer's account accordingly. The entire process is intended to take place in a matter of seconds, so the receiver will have funds available to use in near real time. Completed payments will be final, meaning they are irrevocable.[15]

From a technical perspective, the FedNow Service will be designed to maintain uninterrupted 24x7x365 processing with security features to support payment integrity and data security.

The FedNow Service will enable credit transfers that support a range of different types of payments for individuals and businesses, and will also support the transfer of supplemental information, such as invoices, related to a payment.[16] The service will have a 24-hour business day each day of the week, including weekends and holidays. End-of-day balances will be reported on Federal Reserve accounting records for each participating bank on each FedNow Service business day. Access to intraday credit will be provided to participants in the FedNow Service.[17]

Because instant payment services such as the FedNow Service process and settle each payment separately and continuously on a 24x7x365 basis, participants will need adequate funds or available credit (liquidity) in their accounts at all times in order to settle each payment.

In some circumstances, banks with account balances beyond their current needs may supply liquidity to those facing a shortfall. Typically, banks can use a service like the Fedwire® Funds Service to conduct such liquidity transfers. However, when those services are closed, participants in the FedNow Service or the existing private-sector service may need an alternative method to transfer liquidity.

To facilitate such transfers, the FedNow Service will provide a liquidity management tool to support instant payment services that will be a critical enabler not only of the FedNow service but also the existing private-sector service. The tool will enable participants in the FedNow Service to transfer funds to one another to support liquidity needs related to payment activity in the FedNow Service.

The tool will also support participants in a private-sector instant payment service backed by a joint account at a Reserve Bank by enabling transfers between the master accounts of participants and a joint account.[18] Access to the tool would be available to users regardless of whether they are full participants using the FedNow Service to send instant payments between end users or if they use the FedNow Service only to make liquidity transfers.[19] The tool will be available during specific hours, for example, when such transfers are not currently possible through other Federal Reserve services.

The Federal Reserve is committed to using widely accepted standards in designing the FedNow Service to aid in accomplishing the key goals of achieving nationwide reach for instant payments and promoting interoperability with the existing private-sector service. To support these goals, the service will use the widely accepted ISO 20022 standard and adopt other industry best practices, that would remove barriers to interoperability, in order to avoid unnecessary and burdensome incompatibilities, to the extent the existing private-sector service also uses publicly available, widely accepted standards.[20]

The Federal Reserve intends to launch the FedNow Service as soon as practicably possible.

Although the target release date remains 2023 or 2024, the Federal Reserve intends to announce a more specific time frame for launch, as well as earlier pilot programs, through established Reserve Bank channels once additional work is completed. This and other work related to the implementation of the FedNow Service is ongoing and includes development of the necessary infrastructure, integration with existing Federal Reserve systems, and continued engagement with industry stakeholders on features and design.

The Federal Reserve will take a phased approach to providing additional features and functionality over time. Although this may result in the introduction of certain desirable features after the initial release, this approach will ensure the core features Start Printed Page 48525and functionality are delivered as quickly as possible. The Board believes this approach most appropriately balances the competing demands for the Federal Reserve to launch the FedNow service quickly and to provide enhanced features beyond core capabilities.

Specifically, the first release of the FedNow Service will provide baseline functionality that will support market needs and help banks manage the transition to a 24x7x365 service. The first release will also offer additional optional features where there is high demand, such as fraud prevention tools, the ability to join initially as a receive-only participant, request for payment capability, and tools to support participants in their handling of payment inquiries, reconcilements, and certain exceptions. Other aspects of the service, such as fee structures and governing terms, will be announced prior to the launch of the service through established Reserve Bank communication channels.

The Federal Reserve also recognizes that market needs and technology related to instant payments are constantly evolving and intends to continue engaging with stakeholders and remain flexible in its approach when building out additional features and functionality of the FedNow Service.

 Based on ongoing stakeholder engagement, additional features and service enhancements will be introduced over time. For example, the service will endeavor to offer additional features in the initial period following launch to support alias-based payments such as directories, as well as fraud prevention, error resolution, or case management tools.

 Other features in the future might include support for bulk payments or enhanced remittance information. The Federal Reserve will continue to engage with stakeholders on these and other, more complex considerations, such as cross-border capability.

https://www.federalregister.gov/documents/2020/08/11/2020-17539/service-details-on-federal-reserve-actions-to-support-interbank-settlement-of-instant-payments

Other PDF documents referenced in this post difficult to copy:

Patent for BlockChain Voting System http://www.pat2pdf.org/patents.....258338.pdf

https://www.occ.gov/news-issuances/alerts/2020/alert-2020-3a.PDF

"The GCR and QFS are Real and Underway" by MilitiaMan 8-29-2020

KTFA:

MilitiaMan:  So here is much of the data below that imo supports the Global Currency Reset is real, and it is underway, as is the Quantum Financial System.

Seriously absorb these links provided. It has been upwards of a decade or more of study for me that is coming to an end and into a new beginning.

I have and am now witnessing this manifestation of a new era, and it looks to be in biblical proportions with the Artificial Intelligence (AI) ushering in the Quantum Financial System (QFS) with the help of President Donald J. Trump and many others. The effects will be profound~ .. imo

Not only is the QFS and GCR in play, (see OCC link) so is our USA voting system which appears to be setting up Block Chain as a secure, fair, and transparent, corruption and fraud free system.

The implications of the all inclusive effects that the White House Quantum Coordination Office has on their plate, being the Financial and future Voting Systems will have is so very powerful.

This should be an eye opener for us all. We will be witnessing safe, fair and transparent voting, transparent finance and much more from our phones, home computers or tablets.

There will be transparency and an accurate historic accounting of it. A level playing field for all of us and with value being an end result.

Not just monetarily, but, culturally too! Whether it is fair elections or asset backed currency, it is a new beginning that is unfolding before our eyes.

It is clean and has integrity. Who can say they don't want a clean system that has integrity as in integral part of it?

Not one honest person in my opinion..

That is why there will be and has been push back for this to roll out. Those not so honest folks know the gravy train of theft is about to cease exist as they once enjoyed.. Amen too, as the level playing field is now in our good hands to be stewards of.

Take that seriously too. imo ~ MM 

https://www.whitehouse.gov/wp-content/uploads/2017/12/A-Strategic-Vision-for-Americas-Quantum-Networks-Feb-2020.pdf
 

Watch QFS Movie   Click Here for Link

https://www.federalregister.gov/documents/2020/08/11/2020-17539/service-details-on-federal-reserve-actions-to-support-interbank-settlement-of-instant-payments

Patent for BlockChain Voting System http://www.pat2pdf.org/patents.....258338.pdf

https://www.occ.gov/news-issuances/alerts/2020/alert-2020-3a.PDF

"In preparation for the Global Currency Reset and arrival of the Quantum Financial System currently running parallel, any international financial activity, regulated by their respective agencies, must strictly comply with no tolerance to all protocol and regulations stipulated in the International Quantum Initiative Act, Passed by the U.S. House of Representatives and approved by the U.N and U.S.M.C.A. (Formerly known as N.A.F.T.A).

This means all financial obligations involved in the finalization of this and any other international settlement must be satisfied in full and specifically by the registered beneficiary, in this case being [NAMES REMOVED]. An audit performed by the International Organization of Supreme Audit institution (INTOSAI) revealed a seemingly innocently overlooked deficit caused by the before mentioned International settlement moving into a new bracket limit requiring a re­ adjustment of certain financial obligations when the cost differs depending on the bracket in which it currently fits.

Below is a table showing the Financial Obligations required by the Federal Government of Mexico which depend on bracket limits and the bracket limits affected. "

GodServant:  Future elections MM or this upcoming in post  above?  Thank you  

MilitiaMan:  It is looking like it is ready now and will be even for Iraq into the future.. We shall see. ~ imo ~ MM
  

QFS Movie

Quantum Financial System (QFS) is building a Virtual Private Network (VPN) for the Cross-Border Interbank Payment System (CIPS). It's a network based on Sovereignty and Commerce.

https://youtu.be/iE_qBX-PnRk?t=3

KTFA Members "Friday News" 8-28-2020

KTFA:

Samson:  A public holiday next week

08/27/2020 20:50:18

The General Secretariat of the Council of Ministers announced an official holiday next week.

She said in a statement today that "the official working hours will be suspended next Sunday for the tenth of Muharram 1442 AH."   LINK

Samson:  US officials: Trump will announce a significant reduction of troops in Iraq

08/28/2020 18:25:36

US officials expected President Donald Trump to announce a major reduction of US forces in Iraq.

The Wall Street Journal quoted US officials as saying, "Trump is expected to announce the reduction of forces in Iraq to 3,500 soldiers." There are more than 5,000 American soldiers and advisors in Iraq, deployed in Iraqi bases.

Trump's upcoming media comes days after Prime Minister Mustafa Al-Kazemi's visit to Washington and his meeting with the US President.

Al-Kazemi said on the sidelines of the visit that it was agreed to redeploy US forces outside the country.

LINK

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Samson:  America is returning many of its forces in Iraq to what they were in in 2015

28th August, 2020

The "Wall Street Journal" said, on Friday, that the United States will reduce the number of its forces in Iraq by nearly a third, according to American officials.

The newspaper quoted US officials as saying that the Pentagon decided to reduce the number of US forces in Iraq to about 3,500 soldiers. She added that many US officials have confirmed that the Pentagon will reduce troop levels by about a third during the next two to three months.

That would bring US troop levels back to what they were in 2015 when the United States was in the first phase of its campaign against ISIS, according to the newspaper.

There are currently about 5,200 American soldiers in Iraq, who are deployed in several bases distributed over the governorates of Anbar, Erbil, and the outskirts of the capital, Baghdad.   LINK

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Samson:  Minister of the French Armies: The need to respect the sovereignty of Iraq and stop foreign interference from all parties

08/27/2020 21:24:18

The Minister of the Persian Armies, Florence Parly, stressed the need to respect the sovereignty of Iraq and stop foreign interference from all parties. This came during a meeting with the President of the Kurdistan region, Nechirvan Barzani, today, Thursday, with Parly after her arrival in Erbil from the capital, Baghdad. 

In a statement by the regional government, "Barzani discussed with Parley during the meeting a number of issues, including relations between Erbil and Paris, developments in the region and the joint war against ISIS." "France is proud to fight with the Peshmerga forces against the terrorist ISIS, stressing the need to respect the sovereignty of Iraq and stop external interference from all parties," Parly said at a joint press conference with Barzani in Erbil.

On his part, Barzani affirmed that "France has historically been and remains one of the most important supporters of the people of Kurdistan," noting that "France provided military and humanitarian aid to the region during the war with ISIS."

On Thursday, French Defense Minister Florence Parly arrived at Erbil International Airport from Baghdad. Parly is scheduled to meet with the President of the Regional Government, Masrour Barzani, to discuss a number of common issues. LINK

DELTA:  ABOUT TIME.......

The Central Bank directs banks to seize the money of Yasser Abdul Sakheil Al-Maliki, the former governor of Karbala, and Zuhair Al-Araji

 On Thursday (August 27, 2020), the Central Bank of Iraq issued a circular to all licensed banks requesting the seizure of the funds of 9 personalities, including MP Yasser Abdul Sakheil Al-Maliki, son-in-law of the President of the State of Law, Nuri Al-Maliki, Zuhair Al-Araji and Aqeel Al-Taraihi.

The book, which was circulated by the Central Bank to all licensed banks, stipulated a request to seize movable and immovable funds for 9 personalities, including MP Yasser Abd Sakhail, his brother Luqman, and the former governor of Karbala, Aqeel Al-Taraihi and Zuhair Al-Araji, a former member of Parliament.

 http://burathanews.com/arabic/.....ews/375482

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Samson:  Iraq ... freezing the assets of 9 officials, including al-Maliki's son-in-law

28th August, 2020

The Central Bank of Iraq decided to freeze the assets and seize the property of 9 former and current officials, including the son-in-law of former Prime Minister Nuri al-Maliki, on the grounds of non-payment of debts owed to the state.

This came according to an official circular of Iraqi banks and banks, issued late Thursday evening, and reviewed by Anatolia.

The decision stipulated: “The seizure of movable and immovable assets of Yasser Sakhail (the son-in-law of al-Maliki), his brother Luqman Sakhail, the former governor of Karbala, Aqeel al-Taraihi (close to al-Maliki), Zuhair al-Araji (a parliamentarian), and Hajem al-Hasani (former head of the Governing Council). .

The list of names also included: “Ali al-Quraishi (an official at the Foreign Ministry), Walid Rida (an official in the Prime Minister’s office), Saeed Khidr, and Abdullah Muhammad Abdullah (without specifying their job characteristics).”

The central bank circular did not mention the reason for these sanctions, but a source in the bank mentioned to Anadolu Agency, preferring not to be named, that the aforementioned officials did not pay debts owed to the state in return for renting houses belonging to the government.

Nuri al-Maliki headed the Iraqi government from 2006 to 2014, and during his rule, the terrorist organization "ISIS" controlled a third of the country.

On more than one occasion, the Iraqi Prime Minister, Mustafa Al-Kazemi, pledged to refer all the corrupt to the judiciary, regardless of their position in the country.

The fight against corruption is at the top of the demands of the massive protests that Iraq has witnessed since last October.

And Iraq is among the most corrupt countries in the world, according to Transparency International's index over the past years, and international reports are always received with waste and embezzlement.   LINK

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Samson:  Iraq achieves more than 3 billion dinars in financial revenues from customs in a day

28th August, 2020

The General Authority of Customs announced on Friday that its total revenues were realized on Thursday in its customs centers, which amounted to three billion three hundred and forty-five million dinars.

The authority said in a statement today that it has contributed to facilitating the entry of thousands of dispatches of medicines, medical supplies and foodstuffs around the clock, day and night, with efforts and direct follow-up by the higher management in the authority in order to facilitate the smooth entry of missionaries into the country for basic and foodstuffs, especially human medicines for delivery to the consumer in Under the current crisis.   LINK

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Samson; Turkey is preparing for a new shock in its currency

28th August, 2020

The American New York Times reported that Turkey is experiencing a currency crisis, the second in less than two years, and it threatens an economic collapse in the country amid the repercussions of Corona.

Economists expect a sharp decline in economic indicators in Turkey, accompanied by a rise in the prices of imported goods such as medicines and fuel. 

International investors are concerned about the financial maneuvering and the cheap credit flow that President Recep Tayyip Erdogan used to support the lira and fuel economic growth, according to the newspaper. Turkey's economic fate has geopolitical implications. In recent times, the Turkish armed forces have acted aggressively in the Mediterranean towards France and Greece, which are NATO allies. 

Analysts view the confrontations as an attempt by Erdogan to stir nationalist sentiments and distract Turks from their financial problems, especially after his grip on power was shaken last year after his party lost control of the Istanbul municipality.

The sharp decline in the value of the lira, which lost 70 percent of its value in August, has already led to a rise in the prices of food and other essentials, to the discontent of citizens. "Everything is incredibly expensive," Mrs. Derya (she did not want to mention her last name because she is a government employee), a 41-year-old math teacher, was quoted by the New York Times as saying. 

Derya revealed that she was mixing more onions in meatballs to make them bigger, and while shopping in an Istanbul market, she said, "We have gotten poorer" due to the drop in the lira.

During the period between 2000 and 2013, average per capita income in Turkey more than tripled, poverty was halved, and Turkey entered the ranks of middle-income countries. But the per capita economic output fell to its lowest levels in 2010, according to World Bank data, which was reflected in the value of the currency and then the purchasing power of the individual.

The Turkish government is now pressing banks to lend to more citizens, which helps support consumer spending, "but that fuels inflation," according to specialists. The annual inflation rate is about 12 percent, and the decrease in the purchasing power of the pound is one of the reasons for the loss of its value against other currencies.

In addition, many foreign investors have lost confidence in Turkey during the recent crisis, particularly in 2018, which means that there is little demand for lira assets. Economists say the central bank has started borrowing dollars deposited in Turkish banks by companies and residents, a strategy that will likely end badly.   LINK