.KTFA:

DeepWoodz: Imo...We all know the rate change is coming. We have all been reading the articles, although I’m skimming them less and less, and we’ve all settled our minds on the budget.

I suggest that we focus on all the other things going on because we are looking through a stained glass. We have biased opinions that are only concerned with the rate.

No one can answer this, what are they waiting on? What step is left?

Frank, Walkingstick, and teams have helped us understand the things that have taken place but cannot tell the future. Nor will they even try for good reason, only God knows the future.

Of course the budget is an indicator of things to come, speculation about our speculative investment.

.KTFA:

Samson: The Minister of Finance inaugurates the electronic comprehensive application project in Al-Rafidain Bank

The Minister of Finance, Ali Allawi, inaugurated, on Wednesday, the comprehensive electronic banking application system project in the Rafidain Bank

The bank said in a statement that Mawazine News received a copy of it, that "the Minister of Finance, Ali Allawi, inaugurated today, the comprehensive electronic bank application system in the Rafidain Bank

KTFA:

Sandman: Iraqi government to begin implementation phase of the White Paper for Economic Reform

“the Iraq Economic Contact Group (IECG) whose mission is to provide the support needed for the economic reform process in Iraq within the framework of the White Paper.

The IECG includes, in addition to Iraq, the G7 group of industrialised countries, the World Bank, the International Monetary Fund, and the European Union.”

.KTFA;

Ross: So the obvious question is how many months or years will that take? I don't see discussions of a cashless society in American and I suspect a lot of people would be resistant and there would IMO have to be a major "education" push to overcome resistance.

Also why spend the money to produce the NSCN's and the bank training if everything is going to be digital ?

Clearly these things are above my pay schedule and understanding. My simplistic thought that the White Papers and the 2021 Budget would produce a new rate that would benefit the populace seems misplaced. Very discouraged.

.KTFA:

Samson: Is there a threat to hard currency reserves? The central bank explains

14th February, 2021

The Central Bank of Iraq ruled out, on Sunday, the existence of a threat to hard currency reserves as a result of borrowing, indicating that the oil market recovery maximizes the reserve.

The Director General of the Accounting Department at the Central Bank, Ihssan Shamran, said, according to the official agency, that "the dollar reserve of the Central Bank is not directly affected by the borrowings that the Ministry of Finance makes from banks," noting that "its impact is indirect and limited."

KTFA:

Samson: Iraq: The Budget Law Enacted Will Reveal The Start Of Implementation Of The Chinese Agreement

13th February, 2021

Advisor to the Iraqi Prime Minister Mazhar Muhammad Salih said that the legislation of the budget law will reveal the start of implementation of the Chinese agreement.

Saleh added to the Iraqi News Agency (INA) today, Saturday, that project funds in the framework agreement with China are stabilized through the credit facilities provided by the Chinese side to the investment projects contracted, according to the same agreement, in the interest of Iraq, especially when oil revenues are low and Iraq's share in the same Iraqi-Chinese fund.

.KTFA:

DeepWoodz: Imo...LADIES AND GENTLEMEN....this is directly related to the WHITE PAPERS.

READ SLOWLY

The Council of Ministers decided the following:

a. Forming a committee called (the Supreme Committee for Reform) that includes:

１. Prime Minister / President

２. Minister of Finance / Vice President

３. Minister of Planning / Member

４. Minister of Oil / Member

５. Secretary General of the Council of Ministers / member

６. Governor of the Central Bank / member