MilitiaMan Wednesday Night "Seems Odd" 10-7-2020

KTFA:

MilitiaMan:  The article below suggests that they began distribution of the salaries for the month. The White Papers would allow for that. The only thing that may need to be questioned is they are to pay tomorrow on a holiday.

Electronic systems tend to be instantaneously done. Therefore, them staggering payments like they have in the past seems odd.

A level playing field in international markets are meant to be fair and in real time. No privilege's between sectors.

 That said, opening the banks on a holiday to pay salaries, suggests that paying staggered payments may be smoke.. We shall see.

But, a side from that, they do say they are going to raise the salaries. Hence, the value of the currency is to reflected in the salaries pricing.

Any way if they are going out to Sunday? Well, not to far off is it. lol.   imo ~ MM 

Samson:  Al-Rafidain begins distributing employees' salaries for the month of September

7th October, 2020

Al-Rafidain Bank announced, on Wednesday, that it will start distributing employees' salaries for the month of September and the following days

The bank’s media office said in a statement that Al-Eqtisad News received a copy of it, that “based on the directions of the Minister of Finance and with follow-up, management and supervision by the bank’s general manager, the bank’s branches today in Baghdad and the provinces began permanently to distribute the employees’ salaries for the month of September

The statement added, "This was done according to the order and timing specified for each department after the arrival of its financing and financial allocation and raising its salaries   LINK

KTFA Members "News and Views" 10--7-2020

KTFA:

Samson:  Parliamentary Finance accuses the government of transferring Iraq's financial policy to a banking company

16:50 - 10/06/2020

The Parliamentary Finance Committee accused, Tuesday, the government and the Ministry of Finance of transferring the country's financial policy to a banking booth and not submitting any economic reform paper.

A member of the Parliamentary Finance Committee, Abd al-Hadi Saadawi, said to / the information / that "the Minister of Finance and the Prime Minister so far have not spoken explicitly about the cause of the financial crisis, despite the delay of employees' salaries for more than 20 days from the specified date."

He added that "the current government is incapable and has proven its failure par excellence to provide any solutions to the financial crisis," noting that "Parliament has demanded for many times the government the economic paper to maximize imports and solutions, and the government remained silent until it surprised everyone with what was expected of it."

He stated that "Iraq is managed in the form of a banking company that receives and distributes the money without any fee for the financial policy."   LINK

Samson:  The "white paper" ... The Iraqi parliament signals a single solution to the salary crisis

7th October, 2020

The Financial Committee of the Iraqi Parliament confirmed, today, Wednesday, that the solution to the Iraqi state employees' salary crisis is through the approval of the "white reform paper."

A member of the committee, Naji Al-Saeedi, told Shafaq News, "The white reform paper expresses economic reform in the aspect of fiscal and monetary policy," indicating that "this paper includes finding real economic resources to consolidate the existing financial resources and reduce unnecessary existing spending."

Al-Saeedi explained that this "helps in creating additional revenues for the budget and reducing the deficit, which will positively affect the provision of employees' salaries and secure them during the coming period."

Al-Saeedi stated that "the white reform paper expresses a future vision for the Iraqi government, in cooperation with the House of Representatives in order to end the employee salaries crisis, as well as other financial and economic crises, and this paper is not part of the solution but rather the entire solution."

He added that "after the approval of the white reform paper during the coming period, its implementation will be followed up by the Iraqi parliament, and we will see how serious the government is in implementing what was mentioned in this paper, and on the contrary, we will have a position."

The government of Iraqi Prime Minister Mustafa Al-Kazemi is facing increasing criticism for its inability to secure sufficient liquidity to pay the salaries of state employees, which may expose it to tremendous pressure in the coming months. By the end of a week in October, the government had not yet disbursed employees' salaries for the month of September.

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

The revenues from oil sales amounted to about $ 3.1 billion in September, while the monthly salaries of state employees in Iraq are about $ 5.5 billion.  LINK

JJimmyJJ: “Al-Saeedi stated that "the white reform paper ... this paper is not part of the solution but rather the entire solution."

Now THAT is a sound bite-- even after translation.  It appears, IMO, that the entire political and financial arms of Iraq are holding their breath,  fixated on the time the present of the White Paper will be opened... and so am I.

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Samson:  Al-Rafidain begins distributing employees' salaries for the month of September

7th October, 2020

Al-Rafidain Bank announced, on Wednesday, that it will start distributing employees' salaries for the month of September and the following days

The bank’s media office said in a statement that Al-Eqtisad News received a copy of it, that “based on the directions of the Minister of Finance and with follow-up, management and supervision by the bank’s general manager, the bank’s branches today in Baghdad and the provinces began permanently to distribute the employees’ salaries for the month of September

The statement added, "This was done according to the order and timing specified for each department after the arrival of its financing and financial allocation and raising its salaries without delay  LINK

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Samson: Al-Kazemi explains to the leader of the Kurdistan Party the reasons for the deteriorating financial conditions in Iraq

7th October, 2020
Prime Minister Mustafa Al-Kazemi attributed the reasons for the deteriorating financial conditions in the country to the widespread corruption in the Iraqi state during the past years.

This came during a meeting with the Emir of the Kurdistan Islamic Group, Ali Babir, and his accompanying delegation on Tuesday, according to what was announced by the media office of the latter today, Wednesday.

The statement quoted Ali Babir as telling Al-Kazemi, "You bear heavy responsibilities and burdens on your shoulders during a difficult stage, and we hope that you will be succeeded by what serves the components in Iraq without discrimination."

The statement added that the Emir of the Islamic Group called on Al-Kazemi to expedite the disbursement of the sums allocated to finance the salaries of employees in the Kurdistan Region and not to delay the circumstances and political conflicts.

According to the statement, Al-Kazemi pledged to disburse financial dues to farmers in the Kurdistan Region in stages.

The statement quoted Al-Kazemi as saying that: Iraq is going through a bad financial situation as a result of rampant corruption in recent years, adding, "We are responsible for reform, and we have put steps towards this goal, and we seek to look at all citizens with one eye."  LINK

Samson:  Al-Darraji: The size of financial corruption in the currency auction this year amounted to $ 495 million

7th October, 2020

A member of the Parliamentary Finance Committee, Muhammad Sahib Al-Darraji, said that financial corruption at the border crossings has reached 27 billion dollars since the beginning of this year until now, while noting that the size of financial corruption in the currency auction has reached 495 million dollars.

Al-Darraji warned of the seriousness of the economic situation with the arrival of the reserves of the Central Bank of Iraq to less than 60 billion dollars with the continued corruption of the currency auction in millions of dollars.

Prime Minister Mustafa Al-Kazemi demanded that he personally intervene in the management of the Ministry of Finance to end corruption and bargain with the Minister of Finance on imposing borrowing.

LINK

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Samson:  Change: the region’s debts have gone into the pockets of the corrupt, and the citizen cannot bear them

12:17 - 10/07/2020

Ali Hama Saleh, a member of the Kurdistan Regional Parliament for Change Movement, confirmed today, Wednesday, that the President of the Kurdistan Regional Government, Masrour Barzani, tried to cover up the failure of his government to deal with corruption and went out before Parliament with exaggerated numbers.

Hama Saleh said in an interview with / the information / that "the debts that Barzani talked about are borne by him, his government and his party, who are the ones who run the region in length and breadth, and they leave no room for other parties to say their word."

He added that "for more than two years, the Kurdistan Regional Government has applied compulsory saving in the salaries of employees, and there are 3 months the government did not distribute salaries to its employees, yet the federal government was sending the sums, so where did the debt money that Barzani talks about."

And that "this money amounting to more than 28 billion dollars, in addition to other financial revenues, was going into the pockets of the corrupt, whom Barzani ignored in his speech because most of them are from his party."   LINK

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Samson:  Thousands of American military personnel arrive in their countries from Iraq

09:31 - 07/10/2020

A spokesman for the US-led international coalition, Colonel Wayne Marto, announced that the US military has completed the withdrawal of more than two thousand soldiers from Iraq, bringing the number from 5,200 to less than 3,000 soldiers remaining in the country.

And the American Military Affairs Task Force website quoted General Kenneth McKenzie, Commander of the US Central Command, as saying on the ninth of last September that "it is expected that the reduction of US forces in Iraq will be completed by the end of the month." And he added, "Although Colonel Marto announced that the US military had fewer than 3000 troops in Iraq, a Pentagon spokeswoman issued a statement on Tuesday that appeared to indicate that the withdrawal was continuing."

For her part, US Navy Commander Jessica L. McNulty said, “The United States continues to reduce the presence of our forces in Iraq from about 5,200 to 3,000,” adding, “We remain committed to ensuring the permanent defeat of ISIS and supporting Iraq's long-term security, stability and prosperity, and we will continue to consult closely with the government Iraq , as well as with our coalition partners and NATO, regarding future force distributions. "The United States withdrew from eight bases in Iraq, including Camp Taji, where two American soldiers were killed and three others were wounded in separate missile attacks this year, while US forces are now operating from three bases in the country," the report said.

On the other hand, national security fellow at the War Research Institute in Washington, Jennifer Caffarella, said that "the survival of less than 3000 American soldiers in Iraq will not be sufficient to help the Iraqi government in the fight against ISIS." According to her claim, noting that “President Donald Trump's administration, by failing to work closely with the Iraqi government, has allowed the political situation in Iraq to deteriorate greatly.” According to her saying.   LINK

OlLar:  https://www.quantum.gov/

Will: wow, did this just launch today? seems like it  

BeBop:  Launched TODAY…….OCT 7th!!!

Boxman:  NEWS | Trump Administration Announces Quantum.Gov and Quantum Frontiers Report

Today, the White House Office of Science and Technology Policy (OSTP) announced the launch of Quantum.gov, the official website of the National Quantum Coordination Office, and the release of the Quantum Frontiers Report identifying key areas for continued quantum information science (QIS) research.

Dated 10/07/2020

DeepWoodz:  just adding this. MM shared it a short while back. It’s on the QFS

https://www.youtube.com/watch?v=iE_qBX-PnRk

LuvtoTravel:  I hope this is all right to post. How people amassed wealth and blew it all away!! Good lessons for us right now! 

People Inherited Fortunes — Then Blew Them All Away

https://www.gobankingrates.com/net-worth/debt/people-inherited-fortunes-then-blew-away/

MilitiaMan and KTFA Members "Fascinating Things are Underway" 10-6-2020

KTFA:

Samson:  Paying employees' salaries, starting tomorrow, Wednesday

10/06/2020 18:39:45

The Ministry of Finance announced that the salaries of employees will be paid, starting tomorrow, Wednesday.

"According to the directives of Prime Minister Mustafa Al-Kazemi, the Ministry of Finance confirms that late payments of public sector salaries for the month of September will begin to be paid in full, starting tomorrow, Wednesday (10/7/2020) and the following days," the ministry said in a statement received by Al Furat News.

The ministry indicated that it is "obligated to fulfill its legal obligations despite the acute shortage of revenues facing the country, and looks forward to cooperating with the House of Representatives and the relevant authorities in order to develop quick solutions to address the current economic and financial crisis."


The ministry added that it would like to point out that "the financial pressure in the country will continue in the foreseeable future, as the country's main source of income from oil exports will be constantly affected by the global decline in demand and the massive outbreak of the Corona pandemic."
It indicated that it "appreciates the urgent demands on the federal budget from all directions. Iraq is facing an economic emergency that will be bypassed by national unity and cooperation between all parties." She pointed out that "the task force led by the ministry has completed the" white paper "for economic reform, and the ministry is about to finalize the 2021-2023 budget.

We are confident that the reform and change process will lead to a more robust economy and contribute to raising the living standards of our people.  LINK

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Samson:  Representative Finance: The salary crisis is fabricated and the state's revenues are sufficient to secure it

10/06/2020 15:55:06

The Parliamentary Finance Committee confirmed, on Tuesday, that there is no crisis in the salaries of employees.

"We hope that Al-Kazemi will solve the salary crisis within 24 hours, as he stated, and we are not responsible for his statements," committee member Majid Adab said in an interview with Al-Furat News. "This crisis is fabricated, and it is a political crisis par excellence, and we provide the media with information about the reality of what is happening through members of the House of Representatives, and we believe that there is no crisis in salaries basically.

" "The success of the government is reflected in the parliament, with a lack of pressure from citizens and a lack of resentment, and we wish the government’s success in its work," he added.

He pointed out that "the revenues are the responsibility of the government, whether maximizing or distributing revenues, and salaries is the responsibility of the government. There is no need for parliament in this matter, neither to legislate a law nor pass a resolution, and all the powers are granted to the government," stressing that "oil is exported naturally in addition to the existence of other revenues such as taxes." Customs, agriculture and others."

It is noteworthy that the government is facing a severe financial deficit in securing the salaries of employees, while Prime Minister Mustafa Al-Kazemi announced during his visit to Dhi Qar province on Monday that the salary crisis will be resolved today {yesterday}.  LINK

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MilitiaMan:  So as we can see the Government is telling the people that the government is in charge and responsible to pay the salaries, just as they are in charge of the taxes, customs, agriculture, etc..

The PM is on record that he intends to begin tomorrow, yet he even said so yesterday, too. The white papers are completed, therefore, to pay salaries, then they'll need to give notice or they they just did give it, in the above statements by the PM.

What the white papers have is imo the rate at to which they will be paid.

 My view is that they have every intention to go to a market economy, therefore, the rate should not be at a program rate. Hence, that is why they had taken so long in paying them.. 

The next play is the citizens get message by text or what have you.. They are down to the wire and have called for holidays, at a very interesting time too...

This is getting so good now.. imo! Love it! ~ MM

DeepWoodz:  Totally agree! Key word for me (wishful human thinking) is “change” in the clip...
”We are confident that the reform and change process will lead to a more robust economy and contribute to raising the living standards of our people.”

MilitiaMan:  Something to note in more detail is also the change you focused in on.. I did see that and liked it as well. Notice they RESOLVED the salary crisis yesterday and will pay tomorrow.. Very telling information.

Once something is resolved, then they next step is execution of the payments.

Who pays the payments? Banks do, per the order from the government.. Fascinating, things are underway to pay!

 Lets see what they share with us each day now. I can't imagine them sending out notification they salaries are being paid, without them know how much the payments will be. That will leak out.. imo.. We shall see.. Imo... ~ MM

KTFA Members "Tuesday News" 10-6-2020

KTFA:

Don961:  Electronic collection

Sunday 04 October 2020  Yasser Al-Metwally 

 While the world is moving towards using the foundations of the digital economy, one of the most important components of which is the electronic payment system. The world has made great strides in this important trend, with the disappearance of the use of paper currency, which has become a burden on economies, due to the many faults, difficulties and challenges of their dealings.

We find that Iraq is still indifferent to this project despite its methods largely through the initiatives of the Central Bank of Iraq and the private banking sector, which literally applied the decisions, legislation and instructions of the Central Bank in this regard.

And now the private banks have the full requirements for operating the electronic payment project, but ?!

What is striking about the tourist trips of Iraqis around the world is that you monitor most of the young people and some families use electronic cards smoothly and maintain their flow, shopping and other travel matters, while not being exposed to fraud, fraud and theft in a number of money exchange outlets abroad.

But you do not find this phenomenon prominent in Iraq, either because of the weak promotion of this mechanism, the weak culture of dealing with electronic cards, or the lack of payment centers.

What concerns us here is the digital economy, that is, at the level of use of ministries and government institutions, especially in the fields of electronic collection, taxes and other transactions, is still weak and does not rise to the level of the development that took place at the global level What are the reasons and motives? Or let's call it what are the challenges so that no one will be angry with us?

Therefore, you find a number of ministries trying to impede the project with flimsy arguments that do not deceive anyone, so they fabricate excuses and arguments and impede contracts with sober companies by imposing commissions on them that exude the bulk of their profits or their reluctance to deal.

Accordingly, the state as a whole is required to issue immediate and binding decisions to apply electronic collection and initiate the use of electronic payment tools according to a specific and binding time limit, thus we dry up the sources of corruption completely and achieve large and pure revenues to support the budget without the need for external and internal borrowing.

And as I mentioned, the banking sector is ready and qualified to implement the project with ease and ease, and electronic payment methods have been published in most of the sites, especially private banks, but most government banks still lack the expansion of the use of these technologies at a time when the need for electronic collection requires that government banks be qualified for that.

What is required is a governmental will to implement this project in an attempt to catch up with the world, in the applications of the high-end economy, and thus we salute the project focused on the shelves and the time has come to activate it, especially Iraq is preparing to receive giant global and local investments. This, God willing, and the promised agreements have been implemented.    LINK

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Samson:  Salaries of Iraqi Officials Depleting State Budget

6th October, 2020

The "astronomical" salaries of the president, ministers, members of parliament and other senior ranking officials in Iraq are depleting the state's budget and wasting public money, Iraqis have said.

The salaries of senior Iraqi officials have resurfaced after social media users circulated the Court of Cassation's objection to a request filed by former Iraqi President, Ghazi Ajil Al-Yawer (pictured), against a decision to suspend his retirement pay under the Unified Retirement Law of 2014.

According to the social media users, Al-Yawer receives a monthly pension of 61.6 million Iraqi dinars ($51,000), which has cost the state $9.5 million over the years, in addition to the salaries of his security detail and other allocations. [Al-Yawer was President of Iraq from June 2004 to April 2005.]

Following the outbreak of the coronavirus pandemic and the subsequent drop in global oil prices, Iraq has been forced into deeper financial woes.

The lockdowns which have resulted from the virus have also increased unemployment.

The country has also been experiencing nationwide anti-corruption protests.  LINK

Samson:  According to the accused ... Basra police seized one billion and 75 million dinars

6th October, 2020

Basra Police announced, on Tuesday, that one billion and 75 million dinars had been seized at the home of one of the defendants in the governorate.

In a statement, Mawazine News received a copy of it, the police stated that “the Basra Crime Detachments managed, on the basis of one of the defendants arrested for the crime of stealing 5 billion Iraqi dinars, to seize an amount of 1 billion and 75 million dinars in the house of one of the defendants who were involved in the theft Last September," indicating that it was "seized in the home of the accused in the district of Abu Al-Khasib."

She added, "The investigation and follow-up operations of the fugitive suspects are continuing, and I promise him that their place will be behind bars."  LINK

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Samson:  The stock exchange stops trading next Thursday

The Stock Exchange said in a statement seen by "Al-Eqtisad News", that "the Iraq Stock Exchange will not organize the stock trading session on Thursday, October 8, 2020, based on the decision of the Cabinet Secretariat to consider this day an official holiday for the existence of a religious occasion."

The Stock Exchange confirmed the resumption of its sessions, which began on Sunday 11/10/2020

link

Deepwoodz:  Been mentioned in the past that this may coincide with a big change. Imo

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Samson:  For 7 days .. Vacation for employees in the Kurdistan region

10/06/2020 11:33:44

The Ministry of Endowments and Religious Affairs in the Kurdistan Regional Government announced, on Tuesday, that the official working hours will be suspended for a week for employees of the sect working in government departments and institutions in the region on the occasion of the holiday {Jamawa}.

The director of Yazidi affairs in the ministry, Khairy Bouzani, said in a press statement that "the holiday will start from today, Tuesday, 10/6/2020, until 10/13/2020."

He explained, "The Jamawa festival means the Autumn Festival, in which the Yazidis visit the Lalish temple and perform special rituals on this occasion."  LINK

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Samson:  49 billion dinars are the revenues of Umm Qasr during September 2020

The General Customs Authority announced that the port of Umm Qasr has achieved financial revenues estimated at 49 billion dinars during September 2020, an  increase of 15% compared to the same month during the year 2019

He talked about "preparing a plan to develop customs performance and limit the phenomenon of evasion, smuggling, manipulation of description, quantities, origin, violation of the law, customs instructions, standardization and quality control  LINK

Ross:  Just image this number at 1:1 for the coffers of the BOI and then add this statement:
"...because the large port of Faw will achieve great profits in Budget payments by providing thousands of jobs." I would say they will soon be cash reserves strong and growing daily from other than oil.

Samson:  Al-Hindawi: You cannot vote without the biometric card

6th October, 2020

The Advisor to the Prime Minister for Elections Affairs, Abdul-Hussein Al-Hindawi, confirmed today, Tuesday, that the Electoral Commission is conducting a practical study to organize the Security Committee to eliminate the changes that occurred in the previous elections.

In his statements, Al-Hindawi said that "a security committee made up of military leaders and the Ministry of the Interior has been a problem since the last elections. The commission is trying to review and develop the committee in a practical way for the next stage.

"Prime Minister Mustafa Al-Kazemi stressed the importance of bridging the security gaps that appeared in the previous elections, and Al-Hindawi added that parliament must quickly implement the election law, especially since the government’s options are the same as those decided by Parliament.

He explained that the Electoral Commission has started the biometric registration process, stressing that the voter register and the election law are the two main points in order for the commission to work in a smooth manner and to conduct fair elections on the specified date.

Al-Hindawi talked about the possibility of overcoming the obstacles facing the work of the Electoral Commission, so that the most important matter is to mobilize voters and raise awareness to update their electoral register and data, stressing the need for citizens to obtain a biometric electoral card. LINK

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Samson:  Oil maintains gains after Trump returns to the White House

6th October, 2020

Oil prices rose in early trading Tuesday, after US President Donald Rump returned to the White House from the hospital after being admitted to receive treatment for the Corona virus last Friday, while another hurricane swept through the Gulf of Mexico in the United States

Prices fell sharply last Friday when Trump entered the hospital, and then jumped by more than five percent on Monday after he said that he would return to the White House and with growing hopes that a US economic stimulus package could be agreed to counter the impact of the Corona virus pandemic

U.S. West Texas Intermediate crude futures rose 2 years to $ 39.24 a barrel. Brent crude futures also rose eight cents, or 0.2 percent, to $ 41.37 a barrel

Also helped support prices were the expanded workers' strike in Norway, which shut down six offshore oil and gas fields, and the evacuation of oil platforms in the US Gulf of Mexico ahead of Tropical Storm Delta, which has turned into a hurricane, heading towards Louisiana and Florida. "These are factors ... that have changed over the past 24 hours and are contributing the most to the rally," said Lachlan Shaw, head of commodity research at the National Australia Bank

The Norwegian Oil and Gas Union said the strike would reduce the country's total production capacity by just over 330,000 barrels of oil equivalent per day, or about eight percent of
total production

Meanwhile, hopes have increased for a bipartisan agreement in the United States on an economic relief package, as Speaker of the House of Representatives Nancy Pelosi and Treasury Secretary Stephen Mnuchin spoke on Monday and expressed their willingness to talk again today, Tuesday, in a continuation of their efforts to reach an agreement. LINK

Monday Night KTFA CC, MilitiaMan and more...10-5-2020

KTFA:

Samson:  Barzani announces agreement on joint management of the border crossings in Kurdistan

5th October, 2020

The President of the Kurdistan Regional Government, Masrour Barzani, announced, on Monday, the agreement with the federal government to jointly manage the border crossings in the region, while affirming his government's commitment to handing over the region's oil revenues to the federal government.

Barzani said, while attending the Kurdistan Parliament session, that "the regional government is committed to handing over the region's exported oil imports to the federal government," indicating that "the region will commit to reducing oil production."

He added, "He agreed with Prime Minister Mustafa Al-Kazemi to increase security coordination and dialogues between the Peshmerga forces and the Federal Ministry of Defense, in addition to an agreement to form 6 joint security points." He stressed, "linking the border crossings with a unified electronic system, with the formation of a special committee to combat smuggling at the border crossings," expressing his "optimism in agreement with Baghdad on a joint management of border crossings."

On financial reforms, the regional government head said, "11 industrial zones will be established in the region to revitalize the industrial sector, in addition to activating taxes on all companies operating in the region, especially mobile phone companies, in addition to other measures to overcome the financial crisis."

He explained, "The government was able to increase the hours of supplying electric power to 21 hours a day, and that the crisis we are going through is the Corona pandemic crisis, which is a global crisis."     LINK

DeepWoodz:  Kurds and Baghdad are in agreement! Awesome imo and MM will like this...

He stressed, "linking the border crossings with a unified electronic system,” imo

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MilitiaMan:  Fairly sure they are ready to roll now. They implemented the first step today. (See articles below)   Buna was launched in Feb, 2020.. CBI has warned banks with fines to no be short from the looks of it in the small categories notes. Why? They'll be needed, as they will be considered to be large in the future.. Make sure you have accurate accounts.. imo..

Yes, the borders will need to be linked accordingly for payments, taxes, tariffs, etc.. All neighbor countries are apparently interconnected by BUNA electronically..

The first steps was in classify the banks or imo interlink. They can talk to each other with the platform. They can use clear and settle multi - currencies.. It doesn't get much better than this now.

They cat is out of the bag now..

The CBI and the AMF are in kahoots.. lol Love it.. The reform paper has been completed. The are now implementing the steps by interlinking.. Oh ya!!

What's the next step? Well if they can talk to each other in culti- currencies, well they need to know what the rates for pairing them.. imo ~ MM

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MilitiaMan:  FINAL ARTICLE #279

The central bank imposes a fine on the shortage of small groups

Saturday 03 October 2020

The Central Bank of Iraq decided to re-impose a shortage fine on banks on the small categories of (1,000,500,250) dinars, starting from the date of October 1, 2020, according to the instructions of the standards for circulation and replacement of banknotes and the mechanisms of counting and sorting.

In a statement followed by Al-Sabah, the bank stated that this came, based on the minutes of the Currency Affairs Committee meeting No. (6) for the year 2020 held on 9/23/2020.

The Central Bank had earlier addressed all licensed banks regarding instructions and standards for the circulation and replacement of banknotes and the mechanisms of counting and sorting.

"Due to lack of commitment to the instructions and standards for the circulation of banknotes, their replacement and the counting and sorting mechanisms, we confirm what was stated in the book of the Department of Issuance and Treasury / Department of Banking and Conformity Follow-up / Banking Follow-up Division numbered 12/8/1470 and dated 10/4/2018, noting that The extent of your banks' compliance with the above will be monitored through inspection bodies and on-site inspection.

On the other hand, the Central Bank of Iraq participated in the meetings of the Board of Directors of the Arab Monetary Fund, and the Board of Directors of the Arab Trade Financing Program, each separately.

The bank discussed with the member states of the Arab Monetary Fund’s board of directors issues that support joint Arab action, most notably the "Arab Payments and Clearing System" Buna "and its importance in facilitating inter-Arab payments and financial transfers.

While the meetings of the Board of Directors of the Arab Trade Financing Program included discussions on mechanisms for re-arranging funding priorities for the national agencies organizing the program, in a manner that helps mitigate the effects of the Corona pandemic on Arab trade.  LINK

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"Buna" which is a multi-currency payment platform, provides clearing and settlement services, in Arab and international currencies that meet the eligibility criteria related to the clearing and settlement of inter-Arab financial transactions, as well as transactions between Arab countries and their main trading partners.

https://www.amf.org.ae/en/content/arab-monetary-fund-announces-launch-buna-payment-platform-platform-serves-enhance

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5th October, 2020

The Central Bank begins implementing steps to reform the banking sector

 Today, Monday, the Central Bank of Iraq began implementing its first reform steps for the banking sector, as it finished classifying private, commercial and Islamic banks operating in Iraq according to a set of international standards as well as a number of standards approved by this bank   LINK:

DELTA: FROM IRAQI TV

 An informed source reported that the reform paper promised by the government of Prime Minister Mustafa Al-Kazemi, regarding the economic situation that Iraq is going through, has been completed"

  "the reforms included in the paper included radical solutions to gradually save the country and stabilize its financial and economic situation." 

"white paper will be presented to Al-Kazemi during this week and after that to the House of Representatives." 

 DELTA

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Saleh stresses the need to strengthen the country's financial position  and maintain the independence of the Central Bank  LINK

Samson:  Al-Kazemi reformatory paper is completed

5th October, 2020

An informed source stated that the reform paper promised by the government of Prime Minister Mustafa Al-Kazemi, related to the economic situation that Iraq is going through, has been completed. The source said that “the white paper consists of two parts, and includes reforms to the financial situation in the country and will be presented to Al-Kazemi during this week and after that to the Council. Representatives

He added that "the reforms included in the paper included radical solutions to gradually save the country and stabilize its financial and economic situation."

The Minister of Finance, Ali Abdul-Amir Allawi, confirmed that Iraq will move from the traditional budget to the program budget within a year and a half, indicating that the tax rate will not be high, but the citizen will not accept it for not providing the necessary services.

Allawi said in a statement to the official agency, that “the budgets for the years 2021-2023, we started working on them now, but they will not be the main ones, because the Ministry of Finance is currently unable to implement it in a complete way, but it may be hindered for a year and a half so that we can move from the method of drawing the budget. Traditional to balance programs”.

He pointed out that "citizens will not respond to taxes, and they may have a justification, because the state does not provide them with the necessary services, so the level of taxes must be linked to services and their quality." He added, "Tax revenues constitute a very small percentage of the state's resources, which are not high if compared to any other country, as the tax structure is reasonable in Iraq." He explained, "It is assumed that we get 8 trillion dinars from taxes, while we are currently getting less than one trillion, because there are large exemptions and exemptions." He stated, "Iraq contains a kind of state seizure, as it is not necessary for this seizure to be by the parties, but it may be from all parties that have an influence and influence on the decision-making."    LINK

Iobey777:  Great news!! IMO, now SHOW IT TO THE CITIZENS!!...and the WORLD!

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KTFA Monday Night CC 10-5-2020

Frank26 and Team: Militiaman, Delta, Petra and Walkingsick

PLAYBACK IS: 605.313.5163 PIN: 156996#

Frank26:  10-5-20....M.R. CRYSTALIZED

https://www.youtube.com/watch?v=kXVX7GtGXUE

Delta and KTFA Members "White Papers Completed" 10-5-2020

KTFA:

DELTA:  FROM IRAQI TV....

"An informed source reported that the reform paper promised by the government of Prime Minister Mustafa Al-Kazemi, regarding the economic situation that Iraq is going through, has been completed"

  "the reforms included in the paper included radical solutions to gradually save the country and stabilize its financial and economic situation." 

"white paper will be presented to Al-Kazemi during this week and after that to the House of Representatives." 

DELTA:  The General Secretariat of the Council of Ministers decided to suspend the official working hours of Thursday,  10/8/2020 in all departments of the State, except for the service, coinciding with the 40th anniversary of the martyrdom of Imam Hussein

KBC123:  Thanks Delta!  So, holiday???     Hope they're celebrating an RI!

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Samson:  The Central Bank begins implementing steps to reform the banking sector (CBI site)

Today, Monday, the Central Bank of Iraq began implementing its first reform steps for the banking sector, as it finished classifying private commercial and Islamic banks operating in Iraq according to a set of international standards as well as a number of standards approved by this bank.

This step comes within the framework of enhancing confidence in the banking sector, improving the quality of services provided to the public, as well as enhancing competitiveness in the Iraqi banking sector.

This bank confirms that it had previously asked the lagging banks more than once to work on correcting their situation and paying their customers' dues. Therefore, this classification will be an opportunity for these banks to prove their seriousness in achieving the requirements of reform and pay the dues of depositors and shareholders.

Finally, we announce that the next stage will include the process of "reforming government banks as well," noting that the reform measures that have been adopted depend mainly on the Central Bank Law No. (56) of 2004 and the Iraqi Banking Law No. 94 of 2004 and the instructions and controls issued pursuant to them     

The Central Bank of Iraq   Information Office

,5th of October 2020   Baghdad   link

Iobey777:  WOW!!

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Samson:  The 'White Paper' on Economic Reform Promised by Al-Kazemi Completes

Today, Sunday, an informed source reported that the reform paper promised by the government of Prime Minister Mustafa Al-Kazemi, regarding the economic situation that Iraq is going through, has been completed. 

The source said to "People" (October 4, 2020) that "the white paper consists of two parts, and includes reforms to the financial situation in the country and will be presented to Al-Kazemi during this week and after that to the House of Representatives."  

He added that "the reforms included in the paper included radical solutions to gradually save the country and stabilize its financial and economic situation."  

On Sunday, Finance Minister Ali Abdul Amir Allawi confirmed that Iraq will move from the traditional budget to the program budget within a year and a half, indicating that the tax rate will not be high, but the citizen will not accept it for not providing the necessary services.   

Allawi said in a statement to the official agency, and "people" followed him (October 4, 2020), that "the budgets for the years 2021-2023 we have started working on them now, but they will not be the main ones, because the Ministry of Finance is currently unable to implement it in a complete way, but it may hinder it." For a year and a half so that we can move from the traditional budget-drawing method to the program budget. "    

He added, "Tax revenues constitute a very small percentage of the state's resources, and it is not high if compared to any other country, because the tax structure is reasonable in Iraq."   

He pointed out that "citizens will not respond to taxes, and they may have justification, because the state does not provide them with the necessary services, so the level of taxes must be linked to services and their quality."    

He continued, "It is assumed that we get 8 trillion dinars from taxes, while we are currently getting less than one trillion, because there are large exemptions and exemptions."    

He stated, "Iraq contains a kind of state seizure, as it is not necessary for this seizure to be by the parties, but it may be from all parties that have a stake and influence on the decision-making."    

He stressed, "The need to subject the state to completely different professional controls and ways of working, and the solution must be a kind of separation between the legitimate and semi-legal requirements of political parties, according to the electoral results, because the balance is difficult, so that we have a completely independent government apparatus, which does not exist now." ".    

 Finance Minister Ali Abdul-Amir Allawi said that paying employees' salaries is a matter related to the House of Representatives voting on the borrowing law, stressing that this step will address the current deficit in the country.  

Allawi added in a statement to the official agency, followed by "People" on Sunday (October 4, 2020), that "the salaries of retirees for the current month have been launched without any problem, pointing out that the salaries and allowances of employees will be launched during the next few days or weeks."        

He added, "The amounts will be available if the House of Representatives approves the borrowing law," stressing that "the borrowing law is very important because it meets the financial needs of the state and addresses the deficit in the budget."        

  The Parliamentary Finance Committee confirmed, earlier Friday, that the fiscal deficit is a temporary condition in Iraq, but the Minister of Finance has the powers to take immediate action.   

The committee's reporter, Representative Ahmed Al-Saffar, said in a statement to the official channel, followed by "People" (October 2, 2020), that "the current deficit is a temporary and embarrassing deficit for the government and parliament, because there is a slight deficit to finance the salaries of the month of September, which the government is late in paying." Noting that "in the event of waiting for the submission of the draft budget or the submission of a new loan law, the issue will be delayed by more than a week, 10 days, or maybe more, and this will lead to a lot of embarrassment."        

He added that "according to the public finance literature, the Iraqi constitution, and the Financial Administration Law, if there is a slight deficit, the Minister of Finance has the powers to take immediate action," indicating that "there are two types of debt; real fixed debt which results from a significant decrease in real revenues versus expenditures." The public deficit is a permanent and permanent deficit and it is called the fixed debt, but the current deficit in Iraq is a temporary deficit, and the debt is called a debt remaining in the public finances and it is possible to put up temporary treasury bills that express the existence of revenue but it is a delayed income. Future. "        

 He continued, "Iraq does not have a financial crisis because it has resources, but the state and the government cannot access them, so the current deficit in Iraq is a temporary deficit, and the debt is a debt and the deficit can be paid in the future." The great embarrassment for the government is for the finance minister to move to offer bills and immediate borrowing from Iraqi banks or the central bank to pay salaries. Then the move will take place a week later when Parliament begins its sessions and the normal situation in Baghdad returns after the forty-day visit.        

Al-Saffar pointed out that "the draft budget was delayed sending it to the House of Representatives, and there was only one night remaining in the Office of the Speaker of Parliament, and it was withdrawn by the government until the Finance Committee did not see it, and I do not know the reasons behind the withdrawal of the project, and this embarrassment to the House of Representatives by the Ministry of Finance is absolutely unacceptable because The mistake and imbalance is the lack of monetary and financial policies in Iraq. All that exists is that they are waiting for debts and financing the operating budget. "   

 Al-Saffar stressed that "the parliament is ready to hold any emergency session in order to solve the current crisis. It is possible to borrow immediately and then remedy the situation after a while because it is not correct that the employee waits for days without a salary and this is his only source of income."   

 He pointed out that "there are two solutions; either submitting the draft budget as soon as possible until it is approved, or resorting to new borrowing if the government is able to obtain Parliament's approval because the issue of debt in Iraq has become in a very dangerous range and leads the Iraqi economy to the unknown."   link

Jerry1971:  FANTASTIC AND CONFIRMED NEWS coming right out of the PMs office , IMO all the ducks are lining up one after the other slowly and surely this blessing is coming by the Grace of our Lord Jesus Christ Amen .

Godservant:  The White Paper unless there are more than one as in Papers has the rate and date per WS through Frank IMO..........Rubber hitting the Road IMO

Samson:  Al-Nasiri: Borrowing and reducing the exchange rate of the dinar is not a solution to our economic problems

4th October, 2020

On Sunday, the economic and banking advisor, Samir al-Nusiri, called for not relying mainly on the assumption of Iraqi banks and the Central Bank of Iraq and for the Ministry of Finance to prepare its plan and programs for economic reform in accordance with the request of the Iraqi Council of Representatives three months ago and include it in the budget for 2021 and diversify sources of revenue and revolutionize productive sectors towards Enhancing resources without relying too much on oil revenues and borrowing

Al-Nusiri said in an interview with Al-Eqtisad News, that the Ministry of Finance's continued adoption of the borrowing policy and insistence on it during the past three months and the next three months for the purpose of paying the salaries of employees and retirees and social welfare will lead the economy to the unknown because the excellent foreign reserves at the Central Bank have made exceptional efforts During its safe investments and its rational and balanced monetary policy during previous years, it must be preserved because its reaching the minimum limits according to the standards of the International Monetary Fund will lead to a lack of control over the coverage of the local currency in circulation and the lack of exaggeration in the exchange rate of the local currency and confusion of the financial and monetary market and the high rate of inflation will lead To the collapse of the already fragile economic situation, due to the special circumstances of Iraq and their disastrous repercussions on the national economy

He added that the leaked information indicates that there is an intention to reduce the exchange rate of the Iraqi dinar, and if that actually happened, it is realistically aimed at improving the government's financial position and covering the budget deficit due to the continuous escalation in the general budget expenditures, but what the reduction in the exchange rate will achieve is only a small percentage. By analogy with the negative economic aspects and impacts on the economic situation, the citizen and the market

Al-Nusiri stressed that the solution to the problem is to support and stimulate the real sector, diversify sources of income, and increase budget revenues in the direction of reducing the proportion of oil revenue in the budget. Iraqi and non-application of static experiment templates and countries that do not have complex and cumulative challenges that Iraq has suffered from for several years

Al-Nusayri proposed a road map for economic reform that includes rapid measures to address the current crisis and strategic measures for 2021 and 2022, as follows

   Quick procedures

1- Speaking frankly with the people

 2 - Announcing austerity policy

3 - Issuing compulsory savings bonds at a reasonable rate at an appropriate interest. With a commitment to pay interest annually and extend the recovery period of the asset until the crisis is over

4 - The issuance of legislation to regulate the work of the private sector and unify the retirement law for both sectors to reduce pressure on the budget

5 - Maximizing local revenues through improved collection of taxes, electricity, rents , etc. .. Real State

6 - Imposing taxes on the total salary, incentives and bonuses for public, mixed and private sector employees

On the other hand, reducing spending through

1 - Reducing diplomatic missions and limiting them to political and commercial partners of utmost importance

2 - Stopping the dispatches or reducing them to the very necessary limits

3- The ration card is limited to needy families

 4- Reducing working hours to reduce waste in electrical energy consumption. 5. Transferring government wheels between departments and according to the need to reduce the purchase of new ones. It is possible to suggest a lot of ideas leading to stopping the waste of public money

Strategic measures

 First ‐ Begin a systematic movement to draw up a roadmap for administrative and economic reform by the Iraqi government and private sector, economic, financial and banking elites and competencies, and that the reform movement is based on several important economic pillars that adopt a new methodology to manage the economy and achieve the central goal of moving the economy from rentier to productive and to activate sectors Productivity other than oil to reach a ratio approaching towards reducing the percentage of dependence mainly on oil revenue from general budget revenues, creating sustainable development, achieving diversity in resources, developing economic and human structures for the proper construction of the national economy and building the precursors of the transition to a market economy

Secondly -  The formation of the Supreme Council for Economic Reform, provided that a binding law for the ministries is legislated for the implementation of its decisions and has the authority to follow-up, monitor and evaluate, and it shall be formed under the chairmanship and membership of a group of government experts and the private sector. His first task is to lay down policies and mechanisms to diversify the sources of financing the general budget and not rely on oil only

Third ‐ Moving to the central administration of the economy so that the principle of (central planning and decentralization of implementation) is implemented, and this means that the Supreme Council for Economic Reform takes charge of drawing plans and policies centrally and distributes their implementation to specialized councils for construction, investment and implementation of development projects in the economic and human sphere. These councils are

* Council The Private Sector 
* The Construction Council  
* The Small and Medium Enterprises Development Authority  
* The Public Service 
Council * The Local Product Support and Protection Council

 Fourth ‐ Creating and creating an investment climate for local and foreign investors, motivating and encouraging them, and ensuring their contractual rights to attract their capital and protect them from the pressures of spoilers

Fifthly - providing soft loans to finance small, medium and large projects, establishing a legal and institutional system for managing, developing and developing them, as well as issuing and amending laws for the legal environment to regulate the economic process and here means issuing new laws instead of the laws that were issued in 2004, due to the changes that occurred in the national economy during the 17th year. Public

Sixth - Activating investment in the agricultural, industrial, energy, tourism, services and housing sectors, as well as working on reforming, developing and developing the banking sector through the applications of monetary policy and organizing the relationship and restrictions that govern financial and monetary policies, as well as the serious direction to reform the tax, financial and customs system. Addressing the failure to achieve the required growth rates in the national income

Seventh - Supporting, developing and motivating the private sector and benefiting from its capabilities, capabilities, capitals and investments in building the national economy and its participation in economic decision-making, managing the economy

Eighth - Emphasizing the independence of the Central Bank and not pressuring it with governmental economic decisions, whatever the justifications, and developing a new methodology to overcome the challenges of instability in the financial system and the monetary system, which means developing coordinated and balanced plans to overcome the challenges of monetary policy and the challenges of the deficit in non-oil revenue and the deficit in the balance of payments and the balance Commercial

LINK

Samson:  The Central Bank decides to reassess the financial position of private banks

4th October, 2020
The Board of Directors of the Central Bank decided, on Sunday, to reassess the financial position of private banks.

A council statement, of which Mawazine News received a copy, stated that “the Board of Directors of the Central Bank of Iraq decided in its recent session in September 2020 to re-evaluate the financial position of all private banks, by directing the departments concerned with this bank, by auditing and evaluating the capital of private banks and determining The percentage of deficit and the sources of that money."

The statement stated, "The decision comes in line with the reform plan led by the management of this bank to create a real banking sector, consistent with the requests of depositors in dealing with those banks."    LINK

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Samson:  In numbers, the region has no financial reserves and the size of its debts has been revealed

10/05/2020 13:17:29

 The President of the Kurdistan Regional Government, Masrour Barzani, announced today, Monday, the size of the loans and obligations arising from the region.

Masrour Barzani said in a report presented to the Kurdistan Parliament today that "the total external and internal debts owed by the Kurdistan region amount to $7.256.283.646 dollars." He explained, "The total debt and financial obligations, including bank loans and employee salary savings in the Kurdistan region, amounts to 28,476,675,039 dollars."

Barzani indicated that "among this amount, financial commitments amounted to $8,337,989,532, while the liabilities related to savings on employees’ salaries amount to $8,966,156,514, while the debts of the Iraqi Commercial Bank and Kurdistan International Bank amount to $3,916,245,347."

He pointed out that it was not possible to distribute the salaries of employees for two months since he took over the government because of the failure to send financial dues by the federal government during the months of May, June and July and the decline in local revenues."   LINK

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Samson:  Parliamentary Finance: Iraq possesses 40 enormous economic resources other than oil

5th October, 2020

The Finance Committee confirmed, today, Monday, that Iraq has 40 economic resources other than oil, while it made clear that most of these resources do not go to the budget, which caused the financial deficit.

Committee member Jamal Cougar said to "Al-Akhbariya", that "Iraq has 40 enormous economic resources to cover its financial deficit and even to keep the surplus from it for future budgets."

And he stressed "the need not to rely on oil much, especially with global market fluctuations, the Corona pandemic, and the previous government reduced Iraq's share of sales by 21 percent."

Cougar pointed out that "some resources in the ministries do not go to the federal budget, but are distributed and spent in contravention of the law, which led to billions being lost annually without being included in the financial budgets."

It is noteworthy that Iraq was one of the most important agricultural exporting countries, especially dates and citrus fruits, as well as that most of its well-produced factories and factories have been closed since 2003.  LINKLINK

Delta, MilitiaMan and KTFA Members Saturday Afternoon 10-3-2020

KTFA:

Samson:  US Embassy in Baghdad congratulates Iraqis on the occasion of the Iraqi National Day

3rd October, 2020

The United States Embassy in Baghdad congratulates Iraqis on the occasion of the Iraqi National Day.

We look forward to continuing to work with our Iraqi partners and friends to build a secure, stable and prosperous Iraq.   LINK

GodLover:  Looks as though the vote on the law was passed. National day had not been officially observed since 2003 imo. It also appears that not only is National day observed Oct 3rd of every year....it is also observed as independence day per article below imo. FWIW

https://www.thenational.ae/world/mena/iraqi-government-proposes-october-3-national-day-1.1072589

Don961:  The central bank imposes a fine on the shortage of small groups

Saturday 03 October 2020

The Central Bank of Iraq decided to re-impose a shortage fine on banks on the small categories of (1,000,500,250) dinars, starting from the date of October 1, 2020, according to the instructions of the standards for circulation and replacement of banknotes and the mechanisms of counting and sorting.

In a statement followed by Al-Sabah, the bank stated that this came, based on the minutes of the Currency Affairs Committee meeting No. (6) for the year 2020 held on 9/23/2020.

The Central Bank had earlier addressed all licensed banks regarding instructions and standards for the circulation and replacement of banknotes and the mechanisms of counting and sorting.

"Due to lack of commitment to the instructions and standards for the circulation of banknotes, their replacement and the counting and sorting mechanisms, we confirm what was stated in the book of the Department of Issuance and Treasury / Department of Banking and Conformity Follow-up / Banking Follow-up Division numbered 12/8/1470 and dated 10/4/2018, noting that The extent of your banks' compliance with the above will be monitored through inspection bodies and on-site inspection.

On the other hand, the Central Bank of Iraq participated in the meetings of the Board of Directors of the Arab Monetary Fund, and the Board of Directors of the Arab Trade Financing Program, each separately.

The bank discussed with the member states of the Arab Monetary Fund’s board of directors issues that support joint Arab action, most notably the "Arab Payments and Clearing System" Buna "and its importance in facilitating inter-Arab payments and financial transfers.

While the meetings of the Board of Directors of the Arab Trade Financing Program included discussions on mechanisms for re-arranging funding priorities for the national agencies organizing the program, in a manner that helps mitigate the effects of the Corona pandemic on Arab trade.  LINK

TheSnod:  Fam, not only does this have an obvious international flavor, but if you were going to run a rate up to around 3 or 4-1 wouldn’t you possibly need these denominations for change.....?  Pray KTFA, I think we are right in the pocket of this.

MilitiaMan:  This was what was in the news just over two years ago now. They plan on restructuring the currency back then and are still planning on it now. imo ~ MM

Monday  September 17, 2018

"He added that "the central bank has a future plan to restructure the Iraqi currency, including the deletion of zeros, but this plan needs to deliberate steps, and a stable situation in order not to be exploited in the work of fraud and others." 

MilitiaMan:  October 01, 2020 is the USAs start of the new 2021 fiscal year. Which happens to be 2 years to the day from October 04, 2018. Interesting 2 year timing of things. Notice below.  ~ MM

Thursday  October 04, 2018

""Due to lack of commitment to the instructions and standards for the circulation of banknotes, their replacement and the counting and sorting mechanisms, we confirm what was stated in the book of the Department of Issuance and Treasury / Department of Banking and Conformity Follow-up / Banking Follow-up Division numbered 12/8/1470 and dated 10/4/2018, noting that The extent of your banks' compliance with the above will be monitored through inspection bodies and on-site inspection.

MilitiaMan:  The beginning above article says they started the process of fines in respect to the currency on October 01, 2020, a Thursday, last banking day of the present week. The below is what was on a Monday two years ago. ~ MM

Monday  October 8, 2018

""The world is beginning to turn into plastic prints, Malaysia, so the currency is long and non-perishable and counterfeit, and here we call on the Central Bank of Iraq to take the same step because the life span of the current paper currency does not exceed 6 months," suggesting "conversion Coins of small groups of paper to metal and thus longer life  link

Wednesday  October 10, 2018

"On Sunday, the Central Bank issued its second edition of the banknotes (25000, 10000, 1000, 500 and 250) dinars, while noting that the new currency included writing the name of the governor instead of signing it in the old version, in line with what is followed Now in other countries, and the dates Hijri and Gregorian dates have been modified (1440 H-2018 AD). 

The bank issued a clarification on the new currencies, indicating that it is entitled to determine the categories of coins and metals, paper and its dimensions, forms, material, content, weight and design.

"The second point of Article 33 of the law of the bank says that {the Central Bank of Iraq is making the necessary arrangements for the printing of paper currency and coins and for the purpose of providing security and safety for the preservation of paper and metal coins that have not been issued) and we say whether the change of currency means that The old was unsafe? "   link

MilitiaMan:  They were going to do the MR two years ago. But they didn't have the security and stability they have now. Looking so very good. Lets hope International Day turns into a new international currency for the citizens.. If not, shortly..  imo ~ MM

Godlover:  You mean independence day? If not,  where are you getting this information?  

MilitiaMan:  "The importance of this day is due to the fact that it is an official and international recognition of the establishment of the Iraqi state, to be among the first Arabs to gain independence," the ministry said.

""tomorrow the national day must be celebrated and its law must be enacted," adding that "tomorrow is the anniversary of the third of the tenth month 1932, the day that Iraq was transferred from a mandate subject to the state No. (57) In the world with independence and full powers in accordance with international law.

MilitiaMan:  How about that it is both a) national day b) independence day c) both are effectively the same thing, yet what is new is they are are to be in accordance with international law? So call it what one or they may, what is to come from being in accordance with international law, is my main focus.. imo ~ MM

Samson:  Learn about Iraq’s ranking among the most borrowers from the World Bank

3rd October, 2020
The American "Forbes" magazine published a new classification of 10 countries in the Middle East and North Africa region that are the most borrowers of the World Bank Foundation.

Egypt topped the list of ten countries with nearly $ 23.4 billion from the International Bank for Reconstruction and Development ( IBRD) and the International Development Association ( IDA) , both affiliated with the World Bank Group.

Morocco came second with loans amounting to about 19.3 billion dollars, Tunisia came in third place, borrowing 10.8 billion dollars, then Jordan with 7.5 billion dollars, followed by Algeria with 5.8 billion dollars.

As for Iraq, it ranked sixth by borrowing an amount of about $ 5.6 billion, Lebanon $ 2.9 billion, Sudan $ 1.5 billion, Syria with $ 628.3 million, and Oman with $ 157 million.

In total, the total loans obtained by ten countries in the region amounted to approximately $ 77.6 billion.     LINK

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DELTA:   WAS SEND TO ME VIA PM ...THANK YOU TO SENDER!!! 

The free dinar .. An economist talks about a move that establishes a global demand for the Iraqi currency

(See Pictures at Link)

Iraq: Baghdad

1The economist Ahmed Al-Salami wrote an explanation about some countries deleting zeros from their currency and the possibility of applying them in Iraq, while referring to the possibility of making the Iraqi currency strong and has global demand, in what he described as the free dinar.

 "Iran will soon delete four zeros from its currency and convert it from the riyal to the new toman officially and have completed the legal series for that, and at that time it will be 100 dollars equal to 300 toman only instead of 3 million tomans or 30 million riyals," Al-Salami said in a clarification received by "Yes Iraq." .

He added: "A digital deception previously carried out by the United States, Italy and Turkey, the United States deleted its dollar currencies with zeros against the previous European currencies, the French franc, the German mark and the English pound, and canceled the $ 10,000 currency and the $ 1,000 currency and withdrew it from banking and personal circulation forever."

He continued: “Italy also re-zeroed the Italian lira, adjusted its value and deleted six zeros from it, and the million lira turned into one lira and a hundred million lira into 100 lira before it was merged with the euro currency in 2002, as well as that of Turkey, which converted one million Turkish liras into one lira and converted one hundred million pounds One hundred Turkish liras only ”.

He explained: “Suddenly, the Turkish currency was circulated and used abroad for circulation, and it entered Iraq and was used for dealing and the exchange rate as a store of value, and whoever used to work in the Shorja knows this after the Turkish currency was forgotten throughout the nineties and eighties and was an attempt to integrate Turkey with European economic values.”

And that "the current Iraqi dinar differs slightly because the Iraqi economy is consumerist, but that does not prevent it. It is possible to apply that and use the deleted Iraqi currency zeros by buying and importing industrial production lines for the manufacture of basic and luxury goods as much as possible, and this will revive the exchange rate of the dinar and the demand for it externally and shrinking." 

Depletion of foreign currency to buy the most insignificant commodities and deplete the cash balance, instead of facilitating official and accounting transactions, packages, storage, transportation, use of versatile metal change and revolutionary digital currency through cards and gain confidence internally and externally, needs a revival, stimulation and progress in this aspect, easy projects that are waiting for their hero, below. Conceptual models for the deleted Iraqi currency, the "free dinar" zeros.

DELTA

MilitiaMan and KTFA Members Friday PM 10-2-2020 "Tomorrow is a Special Day"

KTFA:

Al-Rafidain Appeals To Citizens To Deposit Their Money In The Bank And Not To Hoard It In Homes  LINK

Deepwoodz:  Could this be the last ditch effort before the rate changes to get them 000 notes?!  

MilitiaMan:  I suspect that is exactly what is going on. They have been told their currency is to strengthen and have been told they’ll need to be apart of that electronic system as, the new system is coming on line. That may very well be very soon from the sounds of it. Tomorrow is a special day. If nothing changes it is to be Iraq’s new international day and by international law standards. That should bring with it full sovereignty..

Samson:  Tomorrow .. the anniversary of the independence of Iraq from the British mandate

2nd October, 2020

Marks tomorrow, Saturday, 3 / October / 2020, the 88th anniversary of Iraq's independence from the British mandate.

The Council of Ministers decided, recently, on the third of October of each year, as a national day for Iraq, while it is still awaiting its legislation by the House of Representatives. The legal expert, Tariq Harb, said in a post on his Facebook page, that "tomorrow the national day must be celebrated and its law must be enacted," adding that "tomorrow is the anniversary of the third of the tenth month 1932, the day that Iraq was transferred from a mandate subject to the state No. (57) In the world with independence and full powers in accordance with international law, as the submission of Iraq to the mandate began in 1920, when Iraq, Jordan, Palestine and Egypt were subjected to the British mandate, and Syria, Lebanon, Tunisia, Algeria and Morocco were subject to the French mandate, and this mandate acquired the legal status from the League of Nations that formed after that ( Similar to the current UN).

Harb continued: "Where the state that holds the mandate (Britain) is responsible for the state subject to the mandate (Iraq), and Baghdad and Iraq was the first country subject to the mandate that moved and managed to get rid of the mandate and obtain full independence and the transformation from a region to a state and the state became No. ( 57) in the hierarchy of world countries and the new member of the League of Nations, which now includes 57 states, by entering Iraq into the League of Nations (the international organization at the time), after the world’s 56 countries were states.

And he added, "A decision by the League Council, which is similar to the current UN Security Council and which represented the international legislative authority at that time, was issued to recognize Iraq as the state 57 and to end the British mandate that was imposed on it under the Charter of the League of Nations. Baghdad was able to obtain the status of a state according to international law in the third of The tenth month in the year 1932 AD and the end of the mandate before any other Arab country until Egypt delayed the termination of the British mandate until 1937.   LINK  

MilitiaMan:  Lets see what the next day brings!! If they are to be truly international it would seem there are benefits to that..

Ross:  In my simple mind I think this (or Sunday) would be and perfect time to announce an RI, esp. in light of the amazing info F26 brought us in his CC yesterday...Why announce a change coming so earnestly and then expect the populace to be complacent for several more months ?  (However since this is Iraq I reserve the right to be wrong again. Lol)

Iobey777:  Thanks MM! It certainly is LOOKING like something has changed for Iraq as far as being INTERNATIONALLY accepted! IMO, that should make their currency Internationally accepted also!! Just show us the Shiny NEW RATE Iraq!!

Samson:  Al-Rafidain invites retirees who did not receive their salaries

2nd October, 2020

Al-Rafidain Bank announced on Friday that it had completed the distribution of the salaries of civil and military retirees for the month of October.

The media office of the bank said in a statement today that the bank has mobilized its capabilities to disburse the salaries of retirees after the arrival of financing and payrolls for retirees and used its modern electronic technologies to raise salaries on the electronic card.

The statement called on retirees who did not receive their salaries to go to the nearest office to disburse their financial dues.

On Thursday, the National Pension Agency announced that it would start paying the salaries of retirees for the month of October.    LINK

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Samson:  Al-Rasheed: raising a new meal from the ancestor of the internal affiliate

10/02/2020 12:28:29

Today, Friday, the Rasheed Bank announced that it will lift a new meal from the predecessors of the Ministry of Interior's employees.

The bank’s media office stated that the Euphrates News Agency received a copy of it, that “these advances are granted to the affiliated holders of the Nakheel card, and the beneficiaries must review the bank’s branches or electronic payment outlets in the event that text messages arrive with the granted amount.”

And he noted, "The bank had previously provided all facilities, including canceling the letter of support and being satisfied with the Iban {bank account} and Nakheel card for grants."  LINK

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MilitiaMan:  So both banks are talking about modern and new technologies. Notice they are said to have been doing this today.. I find that interesting, as it is Friday and a holy day and banks are known to be closed.

But, notice they say they will be notified by text message when the funds arrive. Think about the 1 trillion for salaries they talked about Tuesday and that it was in the news Wednesday to be available within two days. That would be today.

Tomorrow is Iraq's National Day which is to be a new day, one that is to be in accordance with international law.. They say it MUST be CELEBRATED and the LAW MUST be ENACTED... 

That sure looks like they are talking about being international tomorrow.

I'll bet there are a lot of people watching their phones for the text messages, that their money has cleared.

Iraq says on the CBI statistics site they have about 78 Trillion Dinar issued in the M0 numbers as of March 2020. Well, if they delete 000s from the exchange rate they would have 780 Billion Dinar real close and gets them about 1:1.22 ratio.. Not bad for a start of a new era internationally.. imo.. 

Plenty of money to pay salaries for years to come.. All electronically and to mesh with the borders, etc.. imo Times are looking very good. ~ MM

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Samson:  The US Ambassador To Israel 10 New Countries Seeking Normalization With Israel

2nd October, 2020
Today, Friday, the US ambassador to Israel David Friedman confirmed that 5 to 10 new countries will join Bahrain and the UAE, to join the normalization process and sign peace agreements with Israel.

In an interview with the Israeli settlement magazine, Macor Rishon, Friedman pointed out that talks are underway with some countries to move their embassies to Jerusalem, noting that there has been great progress in this matter.

He said, "There are two diplomatic opportunities for Israel, normalization with countries that do not yet recognize it, and the transfer of embassies of countries that recognize Israel from Tel Aviv to Jerusalem." He continued, "We reached a conclusion that there is a better chance for Israel at the present time through rapprochement with the Arab countries and normalization with them .. We have brought about tremendous change and a great opportunity for those who believe in sovereignty."

Friedman added, "We have also proposed a program that will not allow the evacuation of any settlers, and in fact the Israeli flag is flying over Hebron, Gush Etzion, Ma'aleh Adumim and Beit El, and our plan is that these flags will remain forever."

It is noteworthy that the Israeli Supreme Council for Planning and Building will meet next Sunday to approve the construction of 5,400 settlement units in the West Bank.    LINK

Boxman:  Another great find..more peace in the middle East.

KTFA Members "News and Views" Thursday 10-1-2020

KTFA:

DELTA:  THE ONE THAT I TOLD ABOUT FAMILY........THERE IT'S.......THANK YOU DON MY BROTHER....

Godson:  So is this the article you were looking for about the 3 zeros 

DELTA:  YUP VERY CLEAR NOW AWESOME NEWS

Don961:  Iraq: the government is compelled to "delete the zeros" from the dinar currency ... more than "3 scenarios" are expected that will affect salaries and living

2020-09-30

The economic expert, Salam Sumaisem, revealed that the government is now obliged to reduce the value of the Iraqi dinar against the dollar in order to obtain larger quantities of Iraqi money against the dollar without printing more and thus preserve the currency from collapsing.

Sumaisem said in a statement monitored by "Yis Iraq": that the printing of currency in the pre-2003 era was done without cover and in large quantities, and it was reduced without a balance, but today it can be reduced with a balance, indicating that this reduction increases the amount of exports because it pays people Those who import from abroad to the demand for local goods, which will lead to the devaluation of the currency and the demand for it becomes more.

Several countries resorted to writing off zeros of their currency, with the aim of restoring some confidence in the national currency by trying to absorb inflation represented by high prices and the erosion of purchasing value.

And deleting zeros from the currency is the process of replacing the old currency with a new one whose price is less than the old currency by the number of zeros that will be deleted, for example deleting three zeros from the Iraqi currency means that one dinar from the new currency is equivalent to 1000 dinars from the old currency.

In Iraq, it was proposed in 2014 to delete 3 zeros from the dinar, but in 2015 it was announced that a new denomination of 50 thousand dinars would be printed instead of deleting the numbers from the 1000 and 10 thousand dinars denominations. Sudan also removed two zeros from its currency in 2007.

And if Iran was the latest country to write off the zeros of its currency to restore confidence in the national currency by trying to absorb inflation represented by high prices and the erosion of purchasing value, then dozens of countries preceded it to measures of this kind that have exceeded the number of 70 since the mid-twentieth century.

Multiple studies indicate that cases of deleting zeros from currencies have exceeded 70 since 1960, including cases carried out by 19 countries that got rid of zeros from their currency at once, and 10 countries resorted to this step twice.

Venezuela, Brazil, Argentina, and Bolivia The Iranian decision comes at a time of great deterioration of the riyal, as a main result of the severe sanctions applied by the administration of US President Donald Trump, which have found deep resonance in Venezuela, which is also subject to harsh sanctions. In the first stage of a recovery plan launched by President Nicolas Maduro, to issue the sovereign bolivar by deleting 5 zeros from the old currency.

As for Brazil, between 1930 and the beginning of the twentieth century, it got rid of 18 zeros in 6 batches, the most prominent of which was in 1993, when it suffered severely from the acceleration of inflation to the level of 2000% and eliminated 3 zeros.

Also, the recurring economic deterioration in Argentina led its authorities to take decisions to write off zeros from its currency 4 times.

Bolivia also got rid of zeros twice. Turkey, Iraq and Sudan replaced Turkey the old currency by canceling 6 zeros starting in 2005 with a decision issued in 2004, so that one million pounds became equal to one lira, and it was withdrawn from circulation, and instead new currencies without zeros were introduced in the name of "New Lira" before the name " The lira ”separately, and it gave citizens 10 years to exchange their old currencies for the new currency from the headquarters of the Central Bank.

Zimbabwe This country deleted 3 zeros from its currency in 2003, and after only about 6 years had passed, it decided to cut 12 zeros, which practically means that every trillion Zimbabwean dollars became equivalent at that time to one Zimbabwean dollar!

Former Yugoslavia, Serbia crossed zeros in 5 batches, while the Netherlands deleted 4 zeros from its currency after it issued in 1960 paper currencies with very large numbers, and Ukraine resorted to deleting zeros 3 times, as did Russia, Poland, South Korea and Ghana.   LINK

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Don961:  ANOTHER HEADLINE ... SAME ARTICLE ...

Iraq: the government is forced to "delete zeros" from the dinar currency ... more than "...

2020-09-30   LINK

Sarge:  Wowwwww!!! Unbelievable News this morning. This is Great stuff. Awesome job Team!!!
Yeaaaaaa Babyyyyyy

Samson:  Small denominations of banknotes

1st October, 2020

The Central Bank of Iraq decided, based on the minutes of the Currency Affairs Committee meeting No. (6) for the year 2020 held on 9/23/2020

 Re-impose a shortage fine on the small denominations ( 1000 , 500 , 250 ), starting from the date of 1/10/2020 and according to the instructions of the standards for circulation and replacement of banknotes and the mechanisms of counting and sorting.    LINK

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Don961:  Parliamentary warnings of tampering with the central bank's reserves

September 30, 2020 8:19 pm |Author: alzawraapaper

Baghdad / Al-Zawraa:

A member of the Parliamentary Finance Committee, Ahmed Hama Rashid, warned yesterday, Wednesday, against depleting the reserves of the Central Bank, and then the Iraqi economy was damaged.

Rashid said in a press statement: "The volume of monetary reserves in Iraq whenever it decreases, it weakens the Iraqi currency," adding that "this will lead to a gradual weakening of the currency rate."
And he warned of "greatly weakening the Iraqi economy, especially since Iraq needs to import, and consequently, pandemic inflation."

It is noteworthy that the committee expressed its surprise at the issuance of a book by the Ministry of Finance calling for the enactment of a law to borrow to pay the deficit in the salaries of employees, warning against mortgaging the future of Iraq by relying on borrowing.    LINK

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Don961:  An American report: American forces will intervene if the Al-Kazemi government is close to collapse

 29-07-2020   Gilgamesh Press / Follow 

A report published by the American political analysis website, Response State Craft, stated that the Iraqi government is in its most fragile stage since 2003, as Iraqi Prime Minister Mustafa Al-Kazemi faces a formidable set of threats, while hinting at Washington's military intervention to stabilize Al-Kazemi's rule.

The report stated, "If the Al-Kazemi government is close to collapse in the coming weeks or months, Washington will face a difficult choice either to save it or let it fall," noting that "the current US policy of the civilian government in Baghdad is to provide support."

He explained that "the number of American forces in Iraq is about 5,200 soldiers, sufficient to secure the government center in Baghdad and maintain the physical presence and administration of Kazemi even if the real political power is located elsewhere."

He added, "In such a scenario, more American forces are likely to return to Iraq if the current unit is used to maintain the government in the face of threats, which undoubtedly leads to a series of bloody confrontations that may resemble the days of the American occupation." If the Kazemi government is allowed to fall, Iraq will likely witness the kind of chaos that has engulfed Libya in recent years.

"The idea of ​​letting Iraq turn toward chaos without a strong American effort to stop it will be considered immoral by many," he said. But Washington must be prepared to refrain from further intervention in Iraq, however, as supporting any civilian government in Iraq with US forces at this stage means returning to the occupation quagmire. Moreover, no civilian government has much hope of remaining in Iraq, with or without US support, as the power dynamics leaving Kazemi at the present time extremely weak exceed Washington's ability to change.

The report stated that “if such a crisis appeared between now and next January during the Trump period, the American intervention mechanism in the Middle East will work effectively, through a familiar routine of air strikes, deployment of forces and the like, as Washington arrives in reverse to save the failed regime that worked. Hard to create it. ”   LINK

Don961:  After 5 economically fierce years ... a country announces its application to use the "Petro" digital currency

2020-09-30  Yes Iraq - Follow-up

Venezuelan President Nicolas Maduro announced that cryptocurrencies can be used in commercial exchange, in addition to the cryptocurrency, "Petro".

Maduro said, in a speech he delivered while presenting the Anti-Siege Law at the National Constituent Assembly: “The Anti-Sanctions Law is a preliminary step, to give new power to the use of cryptocurrencies and“ Petro ”in domestic and foreign trade, so that all cryptocurrencies in the world can be used, This is an important project and is under development. ”

The Venezuelan president stressed that he is open to dialogue with the United States, whether with Donald Trump or Joe Biden, as long as they allow relations based on respect between the two countries.

He stressed that his country will defeat everyone who wins the American elections on November 3.

Maduro added, "No one is fooled by the United States elections. Venezuela must be prepared, regardless of who wins, to stand up and follow its own path of independence and freedom ... if Trump wins, we will face and defeat him ... and if Biden wins, we will also face him."

He pointed out that "Venezuela has suffered for five years from the most ferocious attacks, which seek to affect the Venezuelan economy."

And the United States announced, this September, the imposition of a series of sanctions, especially targeting the Iranian Defense Ministry and Venezuelan President Nicolas Maduro.   link

"Tuesday News" Posted by Samson at KTFA 9-29-2020

KTFA:

Samson:  Member of Parliament: The political system will collapse due to the economic situation

29th September, 2020

A member of the Finance Committee, Muhammad Sahib Al-Darraji, said on Tuesday that the political system will collapse due to the current economic situation of the country.

Al-Darraji said in a tweet via Twitter, that "those in control of the situation in Iraq are preoccupied with the relationship with America and detailing the election law according to their size."

He added, "Listen to my voice: The collapse of the political system and what remains of the state will be due to the collapse of the economic and financial situation, with this current economic performance," adding that "the country is going to chaos."   LINK

Samson:  The death of the Emir of Kuwait Sabah Al-Ahmad Al-Sabah

29th September, 2020

Kuwait announced, on Tuesday, the death of the Emir of the country, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, who had been undergoing treatment in a hospital in the United States of America since last July.

"The Amiri Diwan mourns the death of Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait," the Kuwaiti Amiri Diwan said in a statement.

And the Kuwait News Agency reported last July that Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah had arrived in the United States, to complete treatment, adding at the time that he was in stable health.

Kuwaiti government television cut off its live broadcast earlier, Tuesday, and began broadcasting verses from the Quran.

Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah assumed power in Kuwait on January 29, 2006, at the age of 91, the fifteenth Emir of the country, and the fourth son of Sheikh Al-Ahmad Al-Jaber Al-Sabah.  LINK

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Samson:  The Council of Ministers approves the draft law on financing the fiscal deficit and refers it to Parliament

09/29/2020 17:36:15

A spokesman for Prime Minister Ahmed Mulla Talal: 

The withdrawal or closure of any diplomatic mission in any country will have catastrophic repercussions on the entire region

Kazemi confirmed Iraq's refusal and his government to turn the country into an arena for conflict between America and Iran

Kazemi confirmed that Washington and Iran is supporting the Iraqi position

Kazemi confirmed that there is no an occupation in the country now

Al-Kazemi confirmed that the coalition forces came at the request of the previous Iraqi governments

Mulla Talal: Al-Kazemi confirmed that the government had taken several measures to secure diplomatic missions

Mulla Talal: The government is happy to support the ambassadors of the European Union to Iraq

Mulla Talal: Al-Kazemi emphasized that the decision on war and peace is the exclusive prerogative of the Iraqi constitutional institutions

Mulla Talal: Al-Kazemi confirmed that Washington and Iran support this Iraqi position

Mulla Talal: The cabinet decided to amend the legal text on promoting doctors to higher ranks

Mulla Talal: Granting an additional allowance of 50% of the nominal salary includes regular and senior resident physicians

Mulla Talal: The Cabinet approved the health insurance bill and referred it to Parliament.

Mulla Talal: The Cabinet approves the fiscal deficit financing bill and refers it to Parliament

Mulla Talal: There is no transfer to the 2020 budget or merge it with 2021

Mulla Talal: The Fiscal Deficit Financing Law does not cancel the budget

Mulla Talal: Arrest of 19 officers and security officials who fired rockets from the partitions of their previous responsibility

Mulla Talal: Oil imports are not enough to secure salaries

Mulla Talal: More than 20 officials have been arrested on charges of financial and administrative corruption   LINK

Samson:  Mulla Talal: The government is happy to support the ambassadors of the European Union to Iraq   LINK

David:  This to me is very telling, as this is one of the things we have been waiting to see! It appears that EU is getting ready to follow suit with both the IMF and the UN...as we have seen the IMF give support to the new CBI Governor, and the removal of UN sanctions. Now hopefully Iraq will be removed from EU blacklist !...and all this happening before Iraq gets INTERNATIONALLY RECOGNIZED! This very very promising! All IMO!

Samson:  Integrity: Ten years imprisonment for a former general manager after he was caught red-handed

09/29/2020 19:05:05

 The Federal Integrity Commission announced the issuance of a sentence of ten years in prison for a former general manager at the Ministry of Trade, while it indicated that the verdict came against the background of his arrest in the act of committing bribery.

And the investigation department of the authority stated in a statement that the Al Furat News Agency received a copy of it, and in the course of talking about the details of the case that it investigated and referred to the judiciary, it reported that the Al-Karkh Criminal Court issued a judgment in the presence of the Director General of the General Company for Grain Industry in the Ministry of Trade (formerly) serving a prison sentence. Ten years and a fine of five million dinars; Based on the provisions of Resolution {160 of 1983} of the Penal Code.

The department clarified that "the court's decision in the presence of the court came against the background of the criminal case of caught red-handed by receiving a bribe from a mill owner in return for not closing his mill.

On the twenty-third of last January, the authority announced the issuance of a detention order against the former director general of the General Company for Foodstuff Trade in the Ministry of Trade For intentionally inflicting damage on public funds.   LINK

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Samson:  Baghdad arrests the rocket launchers and stops 19 officers and officials

29th September, 2020

The spokesman for the Prime Minister, Mustafa Al-Kazemi announced, on Tuesday, the arrest of a number of those involved in firing rockets at the Green Zone and military bases, as well as the arrest of 19 officers and security officials.

This came in an interview with Ahmad Mulla Talal during a press conference in the capital, Baghdad, which was attended by Shafaq News Agency.

Mulla Talal said, "The security forces arrested a number of the rocket launchers," without indicating their identities or their affiliations. He also stated that "19 officers and security officials who had fired rockets from partitions of their previous responsibility were arrested" due to their failure to perform their duties. 

On Monday evening, 5 people (3 children and two women) were killed when two Katyusha rockets fell on their house in the Radwaniyah area, near Baghdad Airport, west of the capital. Following the accident, Al-Kazemi ordered the arrest of the force assigned to protect that area for failing to perform its duties.

Earlier Tuesday, the Minister of Interior, Othman Al-Ghanimi, said in a press conference in Karbala Governorate, "What happened yesterday is raging, and the Iraqi Ministry of Interior was able to reach the perpetrators."  In the past weeks, the frequency of attacks targeting US forces and the forces and interests of other countries in the anti-ISIS coalition has escalated, if the attacks take place almost daily, amid reports that Washington may close its embassy in Baghdad for 90 days.     LINK

Monday Night KTFA CC with Frank26 and Team 9-28-2020

KTFA:

KTFA Monday Night Conference Call 9-28-2020

PLAYBACK IS: 605.313.5163 PIN: 156996#

Frank26:  9-28-20 IMF AGREEMENTS

With Petra, MilitiaMan and Delta

A NEW UB2B WITH THE IQD UPDATE

https://www.youtube.com/watch?v=Hj2bbpnM9fk