.KTFA:

Petra: "the Parliamentary Finance Committee will, next week, distribute copies of the revised draft of the Maronite law to the heads of political blocs 24 hours before the date of the voting session on the budget law." The source pointed out that "next Monday is the day set for resuming parliamentary sessions and voting on the budget law."

So, IMO, BIS requires at least 24 hours notice prior to any formal rate change within all CB's around the world. They, in turn, relay that information back to all the CB's globally.

Now, if you read what I just posted the final "draft" will be sent.....24 hours prior to the vote. Interesting timing. This may be something, maybe nothing, but it sure falls in line with rate before budget.

.KTFA:

Don961: {Arab Monetary} signs a new agreement for dollar settlement services

Thursday, January 28, 2021 Baghdad: Following up on the morning

the Arab Monetary Fund has signed a cooperation agreement with the Global Bank "GB Morgan", according to which the bank will provide settlement of payments in US dollars through the "Buna" Arab Payments platform, affiliated to the Regional Corporation for Clearing and Settlement of Arab Payments owned by the Fund, according to a circular.

To the Arab Monetary Fund, followed by Al-Sabah, that “the inclusion of the US dollar as a settlement currency in the“ Buna ”platform for Arab payments in the list of settlement currencies listed on the platform, in cooperation with the bank, represents an additional achievement in“ Buna’s ”journey to be the chosen payment platform in various Arab region markets.

.KTFA:

Don961: Iraq is preparing to launch a passport with international specifications

January 27, 2021 3:08 am | View Count: 0Author: alzawraapaper

Baghdad / Al-Zawra: The Directorate of Passports Affairs in the Iraqi Ministry of Interior is preparing for the process of issuing a new Iraqi passport with international specifications. The Director of Passport Affairs at the Ministry of Interior, Major General Ahmed Abdul Sattar, said in a press statement: “The Passports Directorate will start work on issuing the new passport in the second half From this year.

”Abd al-Sattar added that“ the new passport carries international specifications and includes a sim card chip, ”confirming the agreement with the Ministry of Communications to complete all specifications after the arrival of the printers and changing the programs.

.KTFA:

Samson: Saleh: Iraq faces an uphill task to address the recession

26th January 2021

The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Salih, announced that Iraq faces an arduous task to address the recession in the economy

Saleh said, in a symposium on the 2021 budget, that "the general budget for 2021 was born in harsh conditions, and public opinion must know it, including a decrease in GDP by 11% with a deficit of 16% in a single-rent country that depends on oil sales to finance its budget at a time when the Corona pandemic, during the past year 2020, led to a decline in oil prices and a deterioration in the health and economic situation, which required compulsory austerity, halting investment projects, and increasing the area of ​​poverty to 30% of the proportion of the population and adding to them about 10 million new poor, accompanied by a rise in unemployment to 27% of young

.KTFA:

Samson: The International Development Bank announces its joining the "Bani" platform

25th January, 2021

The International Development Bank announced that it has joined the Bani platform for clearing and settling Arab payments

The bank said in a statement seen by "Al-Eqtisad News", "with unremitting and promising efforts and on the occasion of launching and operating the "Buna Buna" platform for clearing and settling Arab payments owned by the Arab Monetary Fund and starting to implement the business of sending and receiving money in various currencies and after the platform's success in conducting financial transfers in every From Egypt, the United Arab Emirates and Jordan, as a first stage

.KTFA:

Samson: Results of the foreign currency sale window for Sunday 01/24/2021, and executed today

Advertisement No. (4342)

Date of sale - Sunday 1/24/2021, and executed today

the details

Amount

Total sale for the purposes of enhancing funds abroad (transfers, credits) 3,337,467

Total cash sale 0

Total sales 3,337,467

Note that: The sale price of the sums transferred to bank accounts abroad is ( 1460 ) dinars per dollar.

The cash sale price is ( 1460 ) dinars per dollar.

.KTFA:

MilitiaMan: ARAB ACCOUNTING DINAR EXCHANGE RATES The Arab Accounting Dinar (AAD) is the official and reporting currency of the Arab Monetary Fund. Its exchange rates are fixed by the Arab Monetary Fund (AMF) equivalent to three units of Special Drawing Rights (SDR) as determined by the International Monetary Fund (IMF).

Now pay attention to the expression mentioned in the SDR. Those that think .69 is the rate may need to think about the expression used to define the value. Keep in mind the USA and UK hold the lions share of IQD outside Iraq. My view is the AMF / SDR is going to be similar to the USD and UK expression... Take a look. imo ~ MM…

.KTFA:

MilitiaMan: The HCL is ready to be voted on next week. 0 cash sales in the Auctions. 2021 Budget to be voted on next week as well. The timing of these things is by no coincidence. It is to be show time.. imo. I highly doubt they came this far to go into a private or market economy at less than a program rate of 1460.. SDR is still $1.44 real close.. imo ~ Things looks very good. ~ MM

Samson: EUR 22.5m Project to Strengthen Iraqi Agriculture

21st January, 2021

Unemployment remains a persistent challenge in Iraq especially for youth and women. Many internally displaced persons are unemployed, underemployed, informally employed, or out of the labour force.

The COVID-19 pandemic has further compounded these employment challenges. In this context, providing jobs and livelihoods remains a high priority in order to promote social cohesion and improve resilience. Agriculture has the potential to make a major contribution to employment in Iraq but is affected by low farm productivity, weak value chains and a challenging business environment.

.KTFA:

MilitiaMan: They have had a deal in progress now for some time.( see articles below) Investors know the need for 24/7 power. Payments, settlements, communications, borders, etc. all need power.

The reconstruction effort to come will demand it and it looks as though the region has it ready to implement, as financing is now complete.

That financing would have to have a rate at which they must have agreed upon. Imo, it will not be or was not to be at 1460.. Not when the USA relinquished control over Iraq's Oil and or other assets abroad..

We shall see.. imo ~ MM