MilitiaMan and KTFA Members "Powerful Week Ahead-Meteoric Event!" 7-5-2021

KTFA:

Osmosis:  Iraq smiles at its arts while the world laughs at its currency rate................IMO

Samson:  Al-Kazemi to Nima: We care about culture and art, as it is the smiling face of Iraq

07/05/2021 18:28:11

  Prime Minister Mustafa Al-Kazemi affirmed his interest in culture and art, as it is the smiling face of Iraq.

  A statement by Al-Kazemi's office said, "Al-Furat News" received a copy of it today, that "Prime Minister Mustafa Al-Kazemi will receive the artist Hussein Nima, and confirms the government's interest in sponsoring culture and arts, as it is the smiling face of Iraq before the world."  LINK

Samson:  Parliamentary Economy: Two steps will prevent the theft of about 4 billion dollars annually in Iraq

5th July, 2021

On Monday, a member of the Economy Committee in the House of Representatives, Nada Shaker, revealed two steps that can be implemented at the border crossings that will ensure that revenues reach the state treasury without being stolen.

Shaker said in a press interview, "The Economic Committee provided many solutions and treatments for the government in order to control the revenues of the border crossings," noting that "the percentage of lost revenue that goes to the pockets of the corrupt is estimated annually at more than 4 billion dollars."

She added that "among those proposals is the automation of outlets through a unified electronic system, as well as working to change the mechanisms used by the authority, because it facilitates the work of the corrupt and continues to steal public money."

She explained that "complete control of the border crossings will ensure the arrival of more than 7 billion dollars annually to the state treasury, and perhaps much more than this number."  LINK

MilitiaMan:  "among those proposals is the automation of outlets through a unified electronic system, as well as working to change the mechanisms used by the authority, because it facilitates the work of the corrupt and continues to steal public money."

There you have the two steps needed to support the value of the currency. Imo The border revenues  activated electronically with the mechanism (new exchange rate, new currency issued.) will do it.

 It has been said that the revenues from the borders will surpass their oil revenues. No wonder they want a sovereign wealth fund! They even today say the call for July payments for salaries were to have been paid and it turns out they were not.. why?

They may very well need the new electronic digital currency they have been talking about first. They told us that the plan was to implement the 2021 budget yesterday and there is also a plan to pay the contractors at the port of Faw to get the work to advanced levels or stages within three days. That was yesterday..

The Kurds haven’t been allocated their “advances” either.. The things that point to the new exchange rate to come and fix the woes that make us all go hmmm...

Clearly they need to expose the new rate and how they are to usher it in. I can’t imagine the international port that is to be one of the largest in the world will start in earnest with being paid in a non internationally accepted and tradable currency!! 

The key is about to unlock the door to internationalism!

Kahdimi is home and still hammering out the regional trading partners from the looks of it. All that and include the meetings with the World Customs Organization we can see that the interconnection with a new digitized system is just about upon us.

Even the IMFs SDR is to be a digital SDR! Times have changed.. imo It is going to be a powerful week ahead! The signs are and have been heavenly lately.. Meteoric even!!— MM

Samson:  Al-Rasheed launches a new meal from the predecessors of the Ministry of Defense and Interior, employees and retirees

07/05/2021 19:10:37

  Al-Rasheed Bank announced the launch of a new meal from the predecessors of the Ministry of Defense and Interior, employees, as well as retirees.

 And the media office of the bank called, in a statement, which the agency {Euphrates News} received a copy of today, "all beneficiaries who receive text messages to review the bank's branches or electronic payment offices to receive the amount."

He added that work is continuing to raise the amounts in the balances of those registered on the advances through the bank's own application.   LINK

MilitiaMan:  Think about the timing of this. Text messaging the citizens to come in an get payments electronically. Are they to get the amounts in new digital currency? New small category notes? Instantaneously they all get notification. Sounds like what we have been told in the past would happen.. It is like an Amber Alert.. I like it. The timing is perfect. imo ~ MM

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MilitiaMan: The Central Bank of Egypt reveals the fact that dealing with some categories of paper money has been canceled

And Eng. Khaled Farouk, Deputy Governor of the Central Bank of the Printing House, had said in a statement to “Masrawy” website earlier, that the bank intends to start implementing the issuance of the first plastic currency denomination of 10 pounds and made of “polymer” with the opening of the cash house printing house in The new administrative capital. Ended 29/A87  LINK

MilitiaMan:  Even Egypt is going to polymers at the same time as Iraq. They are openly doing trade deals with the region and the globe.. There is no coincidences  anymore, imo.. The region is opening up and to the world with Iraq. The regional community with reconciliation too. It is all coming together now.. If the links below don't have an impact on you then there is a problem in houston.. lol

The bottom two have what I have been talking about lately.. They even now talk about a MONETARY RESET!!! A DIGITAL SDR!!!! The new digital transformation is upon us. the BUNA again had a meeting with 200 officals. It is a clearing platform, a digitized one.. Better be ready.. There is no going back now imo. With the highest of high, talking about a monetary reset, is out of this world.. imo lol Oh ya!!! ~ MM

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MilitiaMan: "The Quantum Financial System (QFS) has been building a Virtual Private Network (VPN) for the Cross-Border Interbank Payment System (CIPS).

It’s a network based on sovereignty and commerce.

This author recently outlined the primary components of the real financial reset, the details of which are behind this effort, to include documentation (proof) of its relevance and importance."

https://medium.com/our-new-nature/quantum-finance-de47b8b046a8

https://www.omfif.org/2021/03/sdr-proposals-could-reset-international-monetary-system/

"SDR proposals could help reset international monetary system"

KTFA Members "News and Views" Sunday Evening 7-4-2021

KTFA:

Don961:  Completing advanced stages of e-governance

Sunday 04 July 2021 Baghdad: Huda Al-Azzawi 

 The General Secretariat of the Council of Ministers announced the completion of advanced stages of the e-government file, and that it had completed linking the ministerial authorities to it, and thousands of documents were circulated electronically through this system. 

The spokesman for the General Secretariat, Haider Majid, said in an interview with “Al-Sabah”: “The secretariat has supervised the Supreme Committee for e-Governance Management, and has completed advanced stages in this file, and has completed the first phase of the program, by linking all ministries with the General Secretariat of the Council of Ministers, and direct circulation of The documents between them electronically, starting from September of the year 2020, and the number of documents that were circulated reached more than (30) thousand documents, and the advanced stages of the second stage were reached, to link the entities not associated with the Ministry. and provinces."

He added, "A program was launched to support the validity of issuances between the real estate registration departments, the notary public and the tax departments, to facilitate and speed up the completion of transactions, in addition to assigning an advisory team that includes an elite of specialists to restrict and design electronic programs for organizing the follow-up of the progress and stages of the progress of completion rates for government projects in Baghdad and the provinces, And the development of the border ports automation system, as well as the preparation for launching the National Data Center, which will allow the citizen to register at the gate through the national card information and prove his identity for government institutions participating in the gate, which will reduce the routine work of these institutions and contribute to accelerating the completion of transactions". 

Majid noted that "the Iraqi government has paid great attention to the file of the displaced and the rehabilitation of the liberated areas. On this basis, the General Secretariat of the Council of Ministers worked, in coordination with the Ministry of Migration and Displacement, donor countries and international organizations, to implement the national plan to close the camps, through the rehabilitation of liberated areas, Numerous meetings and meetings at the level of attendance and through closed circuit television, with the Fund for the Reconstruction of the Liberated Areas and the ambassadors of donor countries and international organizations, to discuss the mechanism of supporting the stabilization effort in the liberated areas and the allocation money.”

Concluding his speech to "Al-Sabah", "work is continuing to conduct community reconciliation within the liberated areas, integrate the displaced into the community, provide job opportunities, establish small and medium projects for the displaced, and work to issue official documents for them, in coordination with the Ministry of Interior and local administrations in the regions."  LINK

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The Iraqi economy and external challenges

Sunday 04 July 2021Yasser Al-Metwally 

 Iraq faces various challenges, including internal and external challenges. As for the internal challenges, we have addressed them in more than one article and they are now known.

Now it is necessary to address the external challenges that impede economic development and growth in Iraq, and in order to infer the reasons, it is necessary to follow the ways and effects of those challenges to be within the reach of those concerned in managing the economic file in the country and how to deal with and address them.

Believe it or not, Iraq is one of the 10 richest countries in the world, and it is a fact, and what was published by the reports and studies of international research centers did not come out of nowhere, but rather because of their knowledge of the resources that Iraq possesses that make it rich, so it placed it in the ranks of the selected countries in wealth.

And to prove this fact Let us analyze the indicators simply. It is known that the two international institutions concerned with external lending (the International Monetary Fund and the World Bank) have strict conditions when lending to countries, foremost of which are reforms that must be implemented by the beneficiary countries.. It is noted that any country that does not adhere to the controls and conditions of lending refrain from lending, and more than that. That is in the event of global financial crises or serious accidents, you will find them stop lending, but what about Iraq?

Since the year (2004) they have tried to impose their strict conditions on Iraq in return for lending it, but Iraq did not respond to them, due to the internal challenges facing the country, the most prominent of which is the social pressure, but in return the two institutions find that they are lending it..Do you know why?, because they know the size of Iraq's wealth and potential Thus, the risk of lending is weak, so they continue to lend it despite the financial crises that it has been exposed to and affected by, the fluctuation of oil prices, the aggression of ISIS and even the Corona pandemic (Covid-19). This is the first witness to the strength and strength of the Iraqi economy.

As for the other witness, it is that most of the crises it faced did not dissuade it and did not collapse economically, despite the media statements and the fears expressed by some non-economists, which often affect and undermine the market, and here lies the fact that Iraq is one of the rich countries that Resist all conditions.

the world is witnessing a frantic struggle to seize the capabilities of the global economy within the framework of the new economic system imposed by the pandemic and its consequences and effects. This means that the struggle of the adults is clear and to resist their struggle the lower countries seek to take possession of their regional surroundings so that they can withstand the game of adults or rise to it. The conclusion I came out with is that the future of the Iraqi economy is governed by external and internal challenges and their effects on the possibility of achieving full recovery and the required economic growth.

Here, I wanted to explain my perceptions as interested in economic affairs and put them in front of decision-makers and those in charge of the economic file to make up for the remaining time in order to determine the future of the Iraqi economy and advance Iraq to the level of its wealth and wealth, and to face potential challenges by relying on Iraqi thinkers and economic experts at home and abroad, in their hands the key to the solution

Iraq must return as it is established and the world looks at it as one of the 10 richest countries in the world.   LINK

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MilitiaMan:  It is about a digital transformation.. One that need global adhesion.. imo ...

Suzie:  Agreed....but if Iraq is entering into all these international contracts, as we're being told, I would think Iraq is close , if not done, with digital transformation at this point.  Time to activate and help their people and become a true player

Talk2me:  It will sort of be a big day when they do it instead of talking about it. Everyone KNOWS how money works.

Samson:  The Kuwaiti Generation Fund is the third largest sovereign fund in the world, and Iraqis are asking: Isn't it time to establish a national sovereign fund?

4th July, 2021

The American "Bloomberg" agency indicated, on Saturday, July 3, 2021, that the Kuwait Investment Authority has become its third rank among the list of the largest sovereign wealth funds in the world in terms of assets, at a time when Iraqis are wondering, "Is it time to establish an Iraqi sovereign fund? ?".

The Iraqi economy today is in dire need of a sovereign fund for development in order to encourage the financing of economic and social projects and to strengthen industrial policies to increase real production within the Iraqi economy. This type of fund will bring a set of positive effects to the Iraqi economy.

This means an increase in business and companies and an increase in job opportunities in a very large way, which contributes to the elimination of unemployment and at the same time causes a significant increase in the gross domestic product and introduces large imports to the governmental public sector and the capitalist private sector, and now is an appropriate time to establish a sovereign fund for Iraq especially after the Iraqi government's intentions to reform and modernize the economy and maximize Iraq's financial resources, it would be appropriate to put a plan to establish a sovereign fund in the reform white paper.

On Tuesday, February 2, 2021, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced a government proposal to establish a sovereign wealth fund, "in which funds will be deposited, the deductions of which are equivalent to the ongoing compensation for the Kuwait war."

The proposal of the Sovereign Wealth Fund, referred to by the Prime Minister’s advisor, Mustafa Al-Kazemi, is based on “depositing amounts equivalent to the Kuwait war compensation, after completing the payment of those compensations, which is to deduct 3% of the proceeds from each barrel of Iraqi crude oil that is exported.” dollars for Kuwait over the past years.

The economic expert, Abdul Rahman Al-Mashhadani, said that "the money that goes to the sovereign fund leads to the accumulation of great wealth in the fund, which can be invested in various fields, inside and outside Iraq."

Al-Mashhadani warned against corruption and sectarian quotas and their impact on the fund's work in the future, and said: "If the fund's board of directors is established, it will be dominated by political quotas, which leads to making the fund a gateway to corruption."

Al-Mashhadani pointed to Iraq's bad experience with the pension fund, saying that "what happened in the pension fund, which is one of the largest and oldest sovereign funds in the region, with a value of nearly 60 trillion dinars (about 50 billion dollars), and is now on the verge of bankruptcy due to mismanagement and corruption. prevalent in the fund.

Bloomberg quoted an informed source as saying that the value of the “Generation Fund” had risen to about $700 billion, revealing that “the value of the fund’s assets is estimated at $670 billion at the end of the fiscal year ending in March 2021.”

The increase means that "the General Investment Authority, which also manages the General Reserve Fund, has accumulated more assets than the Abu Dhabi Investment Authority, whose assets are estimated by the Institute of Sovereign Wealth Funds at just over $649 billion."

According to the Sovereign Wealth Funds Institute's ranking, "The Norwegian State Pension Fund is the largest sovereign wealth fund in the world with total assets of $1.3 trillion, followed by the China Investment Corporation, which manages $1 trillion."

The gains that Kuwait achieved abroad contrast with its great financial challenges at home, which were exacerbated by the dispute between members of the National Assembly, "Parliament" and the government.  LINK

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Samson:  6,000 suspended projects in Iraq..Two ministries are in the Parliamentary Indictment Department

4th July, 2021
The Services and Reconstruction Committee of the Iraqi Parliament accused, on Sunday, the Ministries of Finance and Planning of "negligence" towards citizens, while noting that there are more than six thousand suspended projects with different completion rates due to poor planning and corruption.

Committee member Abbas Al-Jaber told Shafaq News Agency, "Most projects in Iraq began to stop due to the routine set by the Ministry of Planning," noting that "the lack of funding by the Ministry of Finance for the governorates and ministries, led to the suspension of most projects, especially in Wasit Governorate, where there are strategic projects." and annual roads.

Al-Jaber added, "The Great Kut Water Project, one of the most important projects in the governorates, has been suspended," noting that "there are important projects, including water projects throughout Iraq, which the citizen today has a great need for potable water, especially in the summer."  He pointed out that "the rates of completion are currently varying in most projects, and there are six thousand projects throughout Iraq, most of which have been accumulated for years," explaining that the new projects were not announced this year due to the method of dealing, overlap and routine set by the Ministry of Planning and its intervention even in technical real estate, and companies. Contracting and the routine in the Ministry of Finance and the lack of funding for these projects.”

Al-Jaber added, "The completion rates vary between 30-70%, and this year there is no funding for projects across the country, and work rates this year did not reach 30%."

On Sunday (23/5/2021), the President of the Republic, Barham Salih, announced that he had submitted a draft law to “recover the proceeds of corruption” to recover corruption funds and hold the spoilers accountable and bring them to justice, noting that the law includes proactive and deterrent practical measures, and subsequent steps to recover corruption funds.

Saleh revealed that Iraq has lost a thousand billion dollars since the fall of Saddam Hussein's regime until now due to the rampant financial and administrative corruption in state departments and institutions.

LINK

MilitiaMan Saturday PM " Global Reform" 7-3-2021

KTFA:

MilitiaMan:  The world Customs Organization it about to help jump start the re construction effort in Iraq. This meeting was on 07/01/2021. The first day of the third quarter of the year.

Why may that be important? Well, the day before was the last day to close the books on the second quarter and the first half of the year. The meeting was held on a declared holiday for that day. Which was the last Thursday of the month.

So with that being said, it sure looks like the excuse of heat for the holiday may not be the whole truth. If it was so hot, then why have this meeting on this day, why not wait until it cools off? lol..

My take is they have a schedule and that schedule is revolving around many things and one of them is the mechanism which will be used at the borders... 

Look at the partners that work directly with the World Customs Organization:: The World Trade Organization  (WTO) is in the line up. The level of expertise that is working to launch Iraq in the International World Stage is staggering and they have every intention to seeing it workout.

As they know full well the powder keg of money that will explode in doing so, is massive. They have Iraq's pockets to line from all those taxes, tariffs, fees, etc, to support their new exchange rate, imo..

The money from the borders is said to be equal to or exceed that of the countries oil revenues. So, it is quite obvious the (REER) real effective exchange rate at which will be implemented, is needed to be applied when clearing trade.

These organizations make money too. imo. So they have a very clear agenda to make sure things roll smoothly.. imo 

This meeting on 07/1/2021 is a very key event. It is not the only one that is and has taken place either. The lead up to events we see now has been well placed and open for all to see if they watch close enough.

The education required to bring this forth has been and on going process for years, now months, weeks and now daily.. 

But, to keep in more close to home. The UST and the G-7 have openly  stated they have "Achieved Global Reform". Well that statement means a lot to me in that they UST is all about money and finance, etc.. The G7 has been in the mix with Global Reform.

Well the White Papers that are being implemented are a bpart of the Global Reform that we are witnessing. It includes 200+- Central Banks.

Prior to the statement on global reform there were meetings with 200 central bankers in respect to digital currency and compliance. Just shortly after that there was another meeting with 300 Bankers representing the world and the G20 in respect to the Arab Digital Transformation.

 It too was about Clearing Digital Currency in the region. In fact the BUNA system was a part of that. Again the BUNA is in the news with a similar amount of officials involved.  Take note the same days as the World Customs Organization met.. 

There are no coincidences. It is blatantly obvious this is a massive push to the implementation of the  new system coming to the world.

It is block chain oriented and that is not going to change. Being prepared is exactly what they have been doing.

Prime Minister Kahdimi has openly stated he has begun implementing Economic Reforms and Monetary Reforms. What we are seeing is his ability to get trust from the world to finish the project to delete the zeros and go into a market economy.

The private sector is where Iraq will begin a new, as we will too!! 

Frank and WS, myself, Petra, Samson, Don961, Pompey Peter, etc, all have talked about the have not deviated from the project. It is fully under way and there are ample writings on it.

There is good and bad, the bad is a joke and shouldn't be even entertained in ones thought process.. The UST, the World Bank, Bank of International Settlements, IMF, AMF, UN, EU, are all in on this.

They didn't do all this to go international at a program rate of 1460QD/USD.. That is not the plan. The plan as stated and explained is to increase the purchase power for the citizens.

That said we know that Iraq going into a market economy will benefit them and us, just as the market economy will support the exchange rate and will create  revenue streams out side of oil. A necessary need for success!

This is not all about Iraq, it is stated from Iraq they know they are working to help  support the  global reform and Iraq and Iraq all along the way. All boats rise with the tide.. oh ya! 

Lastly, this bit here from the Kurds is very telling. They have not be given the latest "ADVANCE". Why? They can't be given it as it is illegal to. They need the rate just as they WTO, WCO, etc, do..

The country is ready to issue the new currency. Electronic or digital currency cards have and are being issued and may have been completed now.. imo. So, lets see what the cat drags in prior to Forex.. Will it usher in fireworks? We shall see. imo . ~ MM

Al-Rafidain: The distribution of “MasterCard” cards to defense personnel in two governorates has been completed.

"Kurdish bloc: The Minister of Finance refused to sign the advance of the region..and the reason revealed." "The bloc's spokesman, Bakhtiar Shaways, said in a press statement, "The federal government wants to send 200 billion dinars in the form of an advance to the region," noting that "the Minister of Finance refused to sign the decision on the pretext that it would be subject to legal accountability.""

"He promised, "The white paper has won international respect and from international
financial institutions, and it will work to save Iraq within five years." ~ PM Kahdimi

Al-Obaidi: "The decision to raise zeros is sterile and will crush the poor" (lol)

"Counselor Mazhar Saleh: The statements that attacked our clarification on currency zeros... are politicized and unprofessional"

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"Economists call for the issuance of a new Iraqi currency"

"Economists called for issuing a new currency for Iraq and linking it to a basket of currencies to maintain the stability of its exchange rate, without the need to remove zeros from the current Iraqi dinar. The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Sunday, that the Central Bank of Iraq has developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, pointing out that the implementation of the project needs two conditions, the first is price stability and global economic growth, and the second is appropriate stability in Political life."

http://www.wcoomd.org/en/about.....tions.aspx

https://asycuda.org/en/about/

" The Arab Monetary Fund (AMF) holds today, Thursday July 1st, 2021, a special workshop to propagate additional knowledge on Buna, the cross-border and multi-currency payment system owned by the AMF, covering various elements related to Buna activities and future plans."

LINK

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Discussions between the Minister of Finance and the Secretary General of the World Customs Organization

2nd July, 2021

On Friday, Finance Minister Ali Abdel Amir Allawi discussed with the Secretary-General of the International Customs Organization the development of the work of Iraqi customs

And the ministry stated in a statement, which was reviewed by "Economy News", that "on the sidelines of Prime Minister Mustafa Al-Kazemi's tour of the European Union, and with the aim of strengthening the bonds of cooperation between Iraq and the international community, Finance Minister Ali Abdul-Amir Allawi met yesterday, Thursday 7/1/2021, with the Secretary-General of the Organization International Customs Kunio Mikuriya

The statement added that "during the meeting, they discussed ways and mechanisms to raise the level of cooperation between the International Customs Organization and Iraqi customs

The statement indicated that "the minister reviewed, during the meeting, plans to develop customs work in Iraq according to the latest programs and efforts made in order to keep pace with the latest findings of global customs regulations, which recently resulted in Iraq signing a contract for the (ASYCUDA) system for automating customs work with the United Nations Organization for Trade and Development

Mikuriya praised "Finance Minister Allawi's vision and efforts related to developing and reforming the customs system in Iraq, similar to the rest of the developed countries

MilitiaMan and Petra "Implementation, International and Imminent" 7-1-2021

KTFA:

FROM MM & PETRA:  Implement, International and Imminent

MilitiaMan:  ELECTRONIC COLLECTION SYSTEM... I'll bet they have a system that can safely go into the clients home and count and sort and transmit the data in the digital form..???.... I am thinking the ELECTRONIC COLLECTION SYSTEM is for the chunky money...

https://www.worldbank.org/en/country/eu

 He added, that Al-Kazemi will arrive in the coming hours to the Belgian capital, Brussels, on his first stop on the European tour. The tour includes several countries, according to the source. Al-Kazemi had made his first European tour last October, which included the countries of France, Britain and Germany. 

Petra:   Belgium…..home of the World Bank…that’s appropriate…Working on the 2018 Kuwaiti commitments MM?...PETRA

MilitiaMan:   KW coming back into the fold with loads of cash from 2018.. imo…im·mi·nent /ˈimənənt/ Learn to pronounce adjective 1. about to happen.  “DIGITAL BANK”….. “the committee to monitor the implementation of the government program, headed by Representative Hazem Al-Khalidi, the head of the committee, and in the presence of its members, hosted the Governor of the Central Bank, Mustafa Ghaleb…..The process in which it is rolled out... "The statement said, "The stages of completion of the ministerial curriculum, the application of mechanization, and the measures taken by the central bank and government banks regarding administrative reform were also discussed.""….MilitiaMan

 Petra:   Digital mechanization is for International trade… PETRA

MilitiaMan:  It is a managed process.  It is indeed. MilitiaMan

 Petra:   An agenda if you will….PETRA

MilitiaMan:   The DIGITIZATION imo has to be seamless and timely.. MilitiaMan

 Petra:   The execution/implementation of the WP’s aka…The Plan!...They have been doing auctions one day in advance the last 10 business days. Was there one done today for tomorrow????PETRA

MilitiaMan:  "“The importance of the white paper and the mechanisms it came with that we can consider as a prescription for the diseases of the national economy.”" MilitiaMan

Petra:   A great way to say the “healing of the economy!” PETRA

MilitiaMan:   It is and they use terms like that for a reason. As, we all know the mechanism is to change the exchange rate to jump start the HEART of IRAQ..

The surgeon has his hands on it.PM"" ... "Al-Kazemi confirmed, before his departure, that the visit will focus on activating the agreements that were concluded between Iraq and the European Union countries, and in a way that contributes to Iraq's overcoming the economic crisis and expanding the scope of investments." MilitiaMan

Petra:    Much like a defibrillator!! A “shock” to the currency!! LOL  PETRA

 MilitiaMan:  Petra.."Al-Kazemi also indicated that "the production of electrical energy has reached its highest level over the past decades, but the challenges are still great, and we still need more hard work to rise to the level of our people's entitlement and their legitimate rights, including energy provision." "Al-Kazemi stressed that "the discussions he will hold with the European Union countries will focus on this field, in addition to other economic, security and political fields.""K has it in his hands... imo

They'll be doing stress testing in July? Why? They know that something is about to change and they'll need to make sure things are in order along the way.. This is actually a sign of things to arrive sooner than later.. imo.. (PP) lol ~ MM

 "A training course entitled Basel III standards risk assessment and stress testing for the period from 11-15/7/ 2021"  

"1- Target group: All employees whose work is related to the above course topic"

Once international they'll need to be in compliance.. "A training course entitled Modern methods of auditing, financial control and internal auditing according to international standards for the period from 4-8/ 7/ 2021"  MilitiaMan

 Petra:   Yes MM, that Basel III post is a doozy! How can a country/bank that is sanctioned even participate in Basel III even qualify ….unless????   PETRA

MilitiaMan:   MECHANIZED..MilitiaMan

Petra:    YES!!! Waste of everybody’s time to do Basel compliance effort unless they are “OFF SANCTIONS!”  Yes. And that training class starts when??? PETRA

MilitiaMan:  "the announcement to start implementing the white paper projects will be issued soon,"

""some ministries have started implementing some projects, but the official announcement of the implementation has not started," explaining that "during the coming period, preparations for the implementation process will be completed."" MilitiaMan

 Petra:   Yes MM, along with the digitization….execution of the implementation of the WP’s. And K is out locking up the business now! PETRA

MilitiaMan:   Like I have said and have been saying this is a managed process. " "the 64 projects included in the white paper, we will use to implement them with international expertise and international organizations"

This has to be in line when go time comes.. "Al-Waeli: Automating the work system at all outlets will double revenues and reduce corruption"

"30th June, 2021 The head of the Border Ports Authority confirmed, on Wednesday, that automating the work system at all ports will double revenues and reduce corruption" MilitiaMan

Petra:    Implement….International…Of course MM…they finished the audits a few weeks ago. They know the impact which was directed by the IMF….PETRA

MilitiaMan:   That my friends will be more than the oil revenues in a year and on year basis.. imo  MilitiaMan

Petra:    HUGE!!  PETRA

MilitiaMan:   Petra, we know that they have the green light based off the actions or Iraq and the convergence of so many key players with all systems ago.. imo MilitiaMan

Petra:    Now one can see the vastness of the wealth entering Iraq PETRA

MilitiaMan:  The value creation is going to be immense! MilitiaMan

Petra:    Yes MM….and with K’s effort executing contracts and closing agreements along with CBI Governor announcing imminent digital banking….all is in alignment!!! PETRA

MilitiaMan:  Side bar... As they should be... worried.. They stole for years and years.. Now the system will know who, what and how much and quickly.. lol "Former Iranian Security Minister Ali Younesi confirmed today, Tuesday, that "the Israeli Mossad has penetrated into various sectors in Iran during the last 10 years, to the extent that all Iranian officials are concerned for their lives.""

DIGITIZATION is the TRANPARENCY THE WORLDS INVESTORS REQUIRE!!  MilitiaMan

Petra:    Blockchain at its finest. With clean books and a clear vision of working currency is the solution Iraq has needed for a long time. This will help fix their reputation and provide opportunity for international support and investment. (Secondary markets). They cannot succeed Without it!!   as you stated above MM...PETRA

MilitiaMan:   In a nut shell.. It is about energy..."Hussein stressed that the tripartite summit is of an economic nature rather than a political one, in a more precise sense, there are economic files, the most important of which is the electrical connection between the three countries and the extension of an oil pipeline from Basra, the farthest south of Iraq, towards Aqaba in Jordan to the Egyptian lands, as well as what is related to Egyptian business and inter-trade Among the countries of the Triple Alliance." MilitiaMan

Petra:    GE, Siemens (Germany) are all engaged to make this work. Truly an international collaboration for the success of Iraq! PETRA

MilitiaMan:   Preparation details underway.. All things are on the table now.. Everyone needs final marching orders.. Security is a main focus.. imo

The meeting discussed ways to develop cooperation between the relevant institutions in the Kurdistan Regional Government and the European Union Consultative Mission, especially in the field of training and assisting the police and internal security agencies in the Kurdistan Region in the face of organized crime and terrorism, and the importance of developing a security strategy to confront violence and prevent extremism."

EU is involved with money and security.. lol

"The Prime Minister expressed the readiness of the relevant institutions in the Kurdistan Regional Government to cooperate and coordinate with the European Union Mission in Iraq and wished them success in their tasks."MilitiaMan

 Petra:   And where is K right now? EU… LOL  PETRA

MilitiaMan:  Director-General Farhan Muhaisin Al-Fartousi said in a statement that {Euphrates News} received a copy of it that "in implementation of the directives of the Minister of Transport, Captain Nasser Hussein Bandar Al-Shibli to maximize revenues, we have developed a plan to rehabilitate the ports of Umm Qasr, and they are going well, coinciding with the reception of ships and fuel tankers, as we are witnessing a remarkable increase in revenues." coinciding with the reception of ships and fuel tankers, as we are witnessing a remarkable increase in revenues."  MilitiaMan

Petra:   Taxes and Tariffs…..and imports! PETRA

 MilitiaMan:  Then back to this.. "His Excellency indicated his appreciation for the role of the European Union in committing to Iraq's unity and sovereignty over its territory, as well as looking forward to supporting the Union in the field of reconstruction of cities liberated from ISIS and fulfilling the pledges of the Kuwait Donors Conference in 2018 in the field of reviving infrastructure and providing services at a level befitting the Iraqi citizen."K... Has done his job and the world knows it now.. Amen ., MilitiaMan

Petra:    Me thinks those billions that have been sitting on the sideline since 2018 may be moving soon!!! PETRA

MilitiaMan:  THE REGION is the biggest donors.. imo RETROACTIVE TO JAN 01/2021… MilitiaMan

Petra:   Or as the CBI Governor said….”Imminent!” PETRA

Monday Night KTFA CC "White Papers Have Turned Red!" 6-28-2021

KTFA:

Monday Night KTFA CC

Frank26:  6-28-21…….WHITE PAPERS HAVE TURNED RED

Frank26:  THEY ARE MAKING A CHANGE IN THE EXCHANGE RATE!

Contracts based on new rate!!!!!

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

This video is in Frank’s and his team’s opinions.

Franks team is Walkingstick, MilitiaMan, Petra and Eddie from Iraq.

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

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

Fleming, Frank26, MilitiaMan and more....Saturday PM 6-26-2021

Fleming Saturday RV Report/Rumors

It's a really important day today, a date to remember forever. 

Today, following meetings among RV GCR principals late last night, thru early this morning, decisions were made to launch everything this weekend.

Tomorrow the RV GCR starts in US, and proof will be demonstrated with our happy NESARA/GESARA announcement similar to what was shown in Mexico and many S. American countries.

What these countries did yesterday was to force the issue by publicly announcing, on mainstream news, that today brings GESARA, Debt Forgiveness, GCR, and A New Day was dawning for the world.

This was only made possible because these countries are now pegged to the yuan vs UST. This forced move worked and US had to comply.

All countries are now cooperating fully, with US announcement coming now. Our long wait has ended.

God Bless Us All!

Note: All intel should be considered as "Rumors" until we are making exchange appointments...

Courtesy of Dinar Guru

Walkingstick & Frank26  Consider/think, if the budget was seriously set at 1460 then there would be no fear to open the budget for 1460 in the past because if they're going to open it now, it's at 1460 now.  It's been at 1460 for at least seven months.  Why don't you open the budget?  Because the budget is not at 1460.  Everything awaits the new exchange rate.  Everything awaits the new 'mechanism'.  Everything.

Frank26  Article: "Al-Kazemi talks about raising the dollar exchange rate and its relationship with the poor"  Kazemi tells the citizens, 'give us your 3 zero notes because the NSCN's( news small category notes)  will not work with the PR [Program rate]'.

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KTFA:

Don961:  Parliamentary Finance clarifies the fate of the “anti-virus” Iraqi currency

1,006 Economie 06/26/2021 17:41 mum Baghdad today - Baghdad

Today, Saturday, a member of the Parliamentary Finance Committee, Abdul Hadi Al-Saadawi, revealed the fate of the Iraqi anti-viral and anti-bacterial currency, which was announced earlier within the framework of combating the Corona pandemic.

Al-Saadawi told (Baghdad Today), that "indeed, the Central Bank of Iraq had an idea about adding a new feature to banknotes that would make them against the growth of viruses and bacteria within the efforts to combat the spread of the Corona virus, which was put forward a few months ago, but it has not been implemented until now because it has not been completed and has not been applied." After in any country in the world.

Al-Saadawi explained, "Adding an anti-virus feature to securities is a framework in which most countries of the world operate, but so far the approved mechanism has not been clarified," noting that "everyone supports this idea for considerations related to the general health situation and its positive repercussions, especially with the presence of many epidemic diseases." Including Corona.

And the Central Bank of Iraq had announced on (March 22, 2021), that it would add a new feature to Iraqi banknotes to make them anti-virus and bacterial growth, as part of efforts to combat the spread of the Corona virus, explaining that this was done by adding a biological pesticide developed by international companies specialized in printing banknotes in coordination with the competent authorities.   link  

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MilitiaMan:  They have the notes printed already and are yet to show the mechanism. That is what I see here, anyway.. They say everyone is supportive of this, so it appears.

Well if they know the advances that have been issued over the last 6 months for salaries will be retroactive and come out more valuable once the mechanism is clarified.

They have been speaking of the delete the zeros project a lot lately and have not differed from that. Thereby what we appear to be seeing is the roll out of the new small category notes. They'll need them once the rate is clarified.!!.

The payments (advances) may be deducted from the new adjusted rate that ushers in the new notes.. imo The ploy to get them in under a a mask of Covid is definitively a motive to get them into the banks.

If I am not mistaken there are banks open today.. We shall see! Imo ~ MM

Samson:  Iraq and Jordan launch the first integrated digital platform

26th June, 2021

On Saturday, the Capital Bank Group signed a cooperation agreement with Codebase Technologies to launch the first integrated digital bank to serve companies and institutions as well as individuals in Jordan and Iraq.

The Jordan News Agency, Petra, reported that the bank aims, through its advanced digital platform, which is based on the latest technologies, to provide the necessary digital and financial tools for customers to enable them to fully control their financial decisions.

She stressed that this strategic partnership, with Code Pass Technologies, comes in response to the Capital Bank Group's plans to strengthen its competitive position and expand its regional and local reach in Jordan and Iraq, stressing the group's commitment to providing innovative and highly efficient digital banking services to customers.  LINK

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Samson:  3 drones shot down near the US consulate in Erbil

26th June, 2021

A security source reported, on Saturday, that there was an attack by 3 drones near the US Consulate in Erbil.

The source told "Mawazine News", "An attack by three drones took place today, in the village of Prague, near the US Consulate in Erbil."

He added, "The planes were loaded with explosives (TNT), as two of them exploded, one of them in an orchard in the village of Prague."   LINK

KTFA Members "News and Views" Friday 6-25-2021

KTFA:

Samson:  "Fitch" amends Iraq's credit and financial rating

06/25/2021 15:37:29

 The "Fitch" credit rating agency announced the amendment of the rating of the State of Iraq to a stable condition, confirming its rating at the degree of "B-".

In its report, the agency stated that this amendment reflects the future outlook for Iraq's use of foreign reserves.

The agency expected a decrease in the debt ratio of GDP in Iraq in 2021 to 74%, before a gradual rise towards 80% in the medium term, noting that political risks internally and externally affect Iraq's credit rating.

In its report, Fitch expressed the possibility of stabilizing Iraq's foreign reserves in 2021 with the rise in the price of oil and a decrease in the current account deficit.  LINK

Samson:  US Senate delays revocation of Iraq war authorization

25th June, 2021

The US Senate postponed the vote to repeal the war authorization in Iraq until next July; The Democratic leaders agreed to the request of some Republicans to postpone the vote pending secret briefings with members of the US administration to see any possible repercussions of canceling the mandate on US national security.

The skeptical lawmakers wrote a letter to the chairman of the Senate Foreign Relations Committee, Bob Menendez, in which they said, "We must assess conditions on the ground in depth and consider the implications of repealing the 2002 war authorization for our friends," warning of any possible response by enemies of the United States. “Like ISIS and the Iranian-backed factions” due to the revocation of the mandate.

Republicans, most notably Senators Mitt Romney and Marco Rubio, stated that it is also necessary to consider "the potential political and judicial ramifications of easing the US presence in the region and the withdrawal of US forces from Afghanistan."

Menendez, the chair of the committee that was supposed to approve revoking the mandate this week, pledged not to put it to a vote before providing a confidential briefing session for the skeptics, and they also demanded that U.S. Defense Secretary Lloyd Austin and State Department Anthony Blinken give their testimony publicly before the committee to explain the implications of revoking the mandate, in addition to: Hold closed-door meetings with State and Defense officials and the Director of the Office of National Intelligence.

While Menendez indicated the White House's support for canceling the mandate approved by Congress in 2002, he said at the same time that he agreed to the Republicans' request for a postponement because he did not want the repeal vote to be a partisan vote, stressing the importance of the parties agreeing on an important issue from this. Type.

Postponing the vote on this project is not a sign of declining support for it. The Republicans opposed to it have long ago expressed their skepticism in light of their calls for another appropriate mandate to replace the aforementioned mandate, to confront the current threats to the United States.

The White House has expressed its openness to this proposal at a time when Democrats have indicated that the other authorization passed by Congress in 2001 to allow military operations in Afghanistan to confront terrorist groups is still in effect, and the White House can use it if necessary.

In addition, the US president has powers under Article Two of the Constitution, according to which he can launch military strikes in the event of a direct threat to the national security of the United States. Current President Joe Biden used this clause when launching military strikes on Iranian sites in Syria, while former President Donald Trump relied on authorizing the war in Iraq to launch a raid that led to the assassination of Quds Force commander Qassem Soleimani in Baghdad.

Last week, the House of Representatives approved the bill to repeal the war authorization in Iraq with a majority of 268 deputies and 161 opposition to it. The bill was sent to the Senate, which must approve it, before officially repealing it. Senate Majority Leader Chuck Schumer has vowed to settle the matter this year, saying, "The Iraq war ended more than a decade ago, and that mandate passed in 2002 no longer matters in 2021."

In light of the fear of some that canceling the mandate will negatively affect relations with Iraq, Schumer stressed that the United States will not abandon the relationship it has with the country and its people through this cancellation, noting that the reason for taking such a decision is due to the need to “deter future presidents from seeking refuge.” to judicial arguments to justify their military adventures,” he said.

The project has the support of a number of Republicans; Most notably, Senator Todd Young, who stressed that “repealing the war authorization would send a clear diplomatic message that the United States is no longer an enemy of Iraq; Rather, he is a partner.”

The Congress approved the authorization of the war in Iraq in 2002 to authorize the use of military force against Saddam Hussein's regime. He also approved the 2001 authorization immediately after the September attacks, which allowed then US President George W. Bush to launch military operations in Afghanistan to counter terrorist groups, and Congress does not intend to cancel the 2001 authorization anytime soon.

In addition to the mandates in 2001 and 2002, Congress also passed in 1991 a different authorization that allowed then-President George Bush Sr. to use military force in Iraq following the invasion of Kuwait, and Congress intends to revoke this authorization in the same vote to repeal the 2002 authorization.  LINK

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Don961:  Al-Kazemi: We raised the exchange rate, and the Iraqi parliament manipulated the 2020-2021 budget

Mustafa Al-Kadhimi, Iraqi Prime Minister - June 25, 2021 12:48 am

Mubasher: Mustafa Al-Kazemi, the Iraqi Prime Minister, stated that many budget decisions have been changed in Parliament and the 2020-2021 budget has been manipulated, and that there are those who do not want the government to succeed.

Today, Thursday, Al-Kazemi said that the government has filed an appeal against the budget before the Federal Court, and added, "I hope that the court will play its historic national role to correct mistakes," according to the official account of the Council of Ministers on "Twitter."

Al-Kazemi stated that the exchange rate was raised, but in exchange for that, $2.5 billion was put to support the poor, the social protection network, and support for food commodities, but there were those who tried to change the numbers in the House of Representatives.

The Prime Minister indicated that the electricity situation in Iraq is not satisfactory and that the problem is very complex, alluding to the waste of billions of dollars on electricity, and that the current government has revealed many projects that have been suspended for reasons related to poor planning and corruption.

He continued, "We revived some projects, and last week we opened one of the largest electrical stations in Samarra, and within months we will finish the second phase, bringing the total production of it to more than 1200 megawatts."

Al-Kazemi stated, "The age of this government is one year, not seventeen, and with this we faced all challenges in order to preserve the blood of Iraqis. Iraq was on the brink of a civil war or a war between two important powers in the region, and we came with this government in order to spare the blood of Iraqis and create hope."   LINK

Iobey777:  WOW!! Thanks Don! Just as FRANK said, they are piling on the articles and talking very LOUDLY!!! “ We RAISED the exchange rate,but in exchange for that, $2.5 Billion was put to support the poor, the social network, and support the food commodities!” PAST tense, IMO!!!

Samson:  Transportation is implementing its largest projects in Iraq

06/25/2021 08:07:28

 The Ministry of Transport / the General Company for Ports of Iraq has started implementing the Great Welcome Square project, which is considered one of the largest projects implemented by the Ministry in Iraq.

The Director General of the General Company for Iraqi Ports, Farhan Muhaisin Al-Fartousi, said, in compliance with Resolution 90 of 2020 issued by the General Secretariat of the Prime Minister, we have embarked on the implementation of the Great Welcome Square project, which is being implemented in the port of Umm Qasr on an area of ​​​​1.5 million and a half square meters and is one of the largest projects of the Ministry Transport in the country is taking place at an accelerating and escalating pace and according to the time schedules prepared for it.

The Director General added that the company had contracted with a local company to implement the Great Welcome Square project,  explaining that the construction of the square would be completed within two and a half years and would include infrastructure and muqarnas works. And he indicated that the arena will include the construction of twenty service buildings, including the one-window building, electronic transformation, electronic warning and monitoring systems, and truck entry and exit gates. 

He pointed out that the work of space brushes has been completed, and the heavy machinery for soil stabilization has reached advanced stages in its work for the purpose of entering into other terms of the project.

He added that the security fence with a length of (14.3) was completed earlier, a high percentage of which has been implemented and which will be monitored by cameras, noting that the project will include the construction of eight gates, four of which are for entry and the other four for exit.  LINK

ATPinfinity:  International Trade IMPLEMENTATION! ….IMO……IN A HURRY BABY!!!!!

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Samson:  The Minister of Finance answers Parliament's questions regarding the budget.. Get to know it

24th June, 2021

Presented Finance Minister Ali Allawi, on Thursday, an explanation about what the Finance Committee raised questions about the application of the budget, saying the ministry initiate procedures for the automation of ports through a sophisticated electronic system that will be applied soon.

The minister explained that the ministry is following up on the rise in prices in the markets, which accompanied the change in the exchange rate, revealing at the same time that the local market will soon recover. And the Media Department of the House of Representatives announced, earlier, the hosting of the Minister of Finance and the Director General of the Accounting Department. 

And the department said in a statement that Mawazine News received a copy of, that "the Parliamentary Finance hosted the Minister of Finance and the Director General of the Accounting Department regarding the implementation of the 2021 budget paragraphs and the automation of customs and border crossings."     LINK

ATPinfinity:  "...electronic system that will be applied soon."IMO   ".... the local market will soon recover." IMO   IMPLEMENTATION!!!!!!!!!!!

MilitiaMan and KTFA Members "Is This An Annoncement?" 6-24-2021

KTFA:

Don961:  Economists call for the issuance of a new Iraqi currency

Economists called for issuing a new currency for Iraq and linking it to a basket of currencies to maintain the stability of its exchange rate, without the need to remove zeros from the current Iraqi dinar. 

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Sunday, that the Central Bank of Iraq has developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, pointing out that the implementation of the project needs two conditions, the first is price stability and global economic growth, and the second is appropriate stability in Political life.

Economic analyst Mazen Al-Ashikar, in an interview with PUKmedia , said that the idea is not to remove zeros from the dinar. We want to issue a new Iraqi currency, and the new dinar could be equivalent to 1000 dinars of the current dinar or more, and this is not a condition that it be linked to deleting zeros. 

He added, "A new currency must be issued for Iraq that is linked to a basket of currencies, as is the case in several countries in the Middle East, in the UAE, for example, the dirham has been linked to the dollar and its price has been fixed for about 20 years," noting that they suggested that the price of the new dinar be equal to 50 cents of the dollar, and 25 A penny from the Australian pound, and 25 cents from the euro and is linked to the euro, sterling and dollar basket, and in this case, the higher the price of these currencies, the higher the price of the Iraqi dinar, and the dinar will turn into a hard currency, and all government contracts will be signed in dinar and there will be no need for a currency auction that witnesses corruption and thefts.”

Al-Eshaiker stressed that it is necessary to issue a new process to stop waste and corruption, and it is not necessary how much its price will be compared to the current dinar price, but the important thing is that it be linked to a basket of currencies, pointing out that “the implementation of this idea is difficult today because there is corruption, but when an honest person comes who manages The country, it can be implemented," stressing that "issuing the new dinar and canceling the currency shrine is a blow to the corrupt, and therefore it is difficult to implement this now."

For his part, economic expert Hammam Shammaa said that the removal of zeros does not achieve economic benefit, noting that the only benefit is to reduce the amount of banknotes in circulation.

Al-Shammaa added in an interview with PUKmedia , that removing zeros does not change the exchange rate system, suppose that 3 zeros were removed from the current currency, then each and a half dinar equals one dollar instead of 1500 dinars equivalent to one dollar, stressing that there is no economic return to removing zeros only achieves Ease of dealings, describing those who demand the removal of zeros in the patriarchs, indicating that the removal of zeros means an increase in costs for the state by issuing new currency notes, and the matter does not need to be done as long as things are going normal.   LINK

MilitiaMan:  Lets see what the day brings.. This looks to be an announcement!! imo lol ~ MM

"Today is Thursday, banks are closed."~ Petra ....

"This looks to be a doozy." ~ Pompey Peter..

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ATPinfinity:  EDUCATION HERE; IT IS A 2 STEP (BOTH STEPS ARE REQUIRED FOR SUCCESS)IMO

1.)"...a new currency for Iraq and linking it to a basket of currencies

the higher the price of these currencies, the higher the price of the Iraqi dinar, and the dinar will turn into a hard currency, and all government contracts will be signed in dinar and there will be no need for a currency auction

2.)that removing zeros does not change the exchange rate system (THE INTERNATIONAL SYSTEM)

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DCDriver:  This is from the Financial Advisor to the Prime Minister. No slouch!  IMO they have to keep everyone guessing till the last minute. But it is now out there to link to a basket of currencies and not delete the zero's from the currency.

OlLar:  I think the point he is making is that if they only remove the zeros, the currency will only be worth about $0.50 per IQD. So they need to add value and remove the zeros.

OurCoin:  Just thinking out loud but could they be referring to NSCN's working side by side with the 3 Zero notes (the ones we have)?  Do this until all of the 3 Zero notes are collected and withdrawn from day to day use?    

Pete2001:  OurCoin...I believe that is exactly what they are saying!!!

Samson:  The Central Bank of Mosul Branch organizes an introductory lecture on the dangers of counterfeiting

23rd June, 2021

The Central Bank of Iraq, Mosul Branch, organized an introductory lecture titled (The Risks of Counterfeiting Currency and the Role of the Central Bank of Iraq in Reducing them). The lecture was delivered in the presence of a group of branch employees.

The lecture focused on introducing the specifications of real currency, the difference between real and counterfeit currency, and the legal procedures when discovering them.  LINK

MilitiaMan:  I sure like the timing of this. It may or may not be a precursor to what we expect in respect to the new small category notes. Why would they be holding meetings again on the large notes? They have been in circulation for long enough just about everyone and there brother knows what to look for by now.. lol But, with new currency, that is another ball park.. imo.. ~ MM

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Samson:  A government advisor reveals the goal of the 5 trillion initiative for the Central Bank

23rd June, 2021

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced, on Wednesday, the importance of the recent Central Bank initiative, and indicated that it aims to finance housing complexes for low-income classes, stressing that the initiative represents a strategic goal by moving the labor market.

Saleh said, according to the official agency, that "the monetary policy of the Central Bank of Iraq in recent years has accompanied the changes in monetary policies in the whole world, especially in the face of the long-term economic and technological stagnation that hit the economies of the world," noting that "the objectives of monetary policies have expanded in the world."

In general, and the Central Bank of Iraq in particular, towards moving the real economy instead of focusing on the symbolic economy.” He added, "The double crisis that Iraq witnessed in the war on ISIS terrorism and the decline in oil revenues between the years 2014 to 2017, prompted the Central Bank of Iraq to present a $5 billion initiative to support the real sectors (real estate, industrial and agricultural), including youth loans, with concessional financing terms. Long-term and low interest rates, which have recently reached the level of cancellation, especially for real estate loans.

Saleh pointed out that "fighting economic stagnation and unemployment has become at the core of the current monetary policy of the Central Bank of Iraq and is no less important than fighting the problems of hyperinflation that the bank adopted during the first decade of the third millennium," noting that "inflation and stagnation exhaust the national economy and lead to serious deviations in the economy." The issues of production and investment on the one hand and the distribution of income on the other hand."

Saleh pointed out that "the Central Bank's initiative today focuses on financing the construction of housing complexes for low-income classes within the framework of systematic urban planning for future cities, away from the pressure of existing cities and the problems they may cause in the escalation of real estate rents and pressure on existing infrastructure networks." He continued, "The focus on real estate financing represents a strategic objective for monetary policy in moving the labor market, as the construction sector embraces a percentage of no less than 18 percent of the labor force, and it can move two hundred different work paragraphs at the same time." He explained, "The back and front links of the housing finance sector from the monetary policy side are a carefully studied issue in addressing the crises of economic stagnation and unemployment in the national economy on the one hand, and the provision of housing supply within the goals of sustainable development on the other hand."

Yesterday, Tuesday, Central Bank Governor Mustafa Ghaleb Makheef revealed the launch of an initiative worth 5 trillion, in addition to contributing to moving the housing sector to complete the residential complexes that were suspended, as well as the imminent issuance of bonds that enable citizens to invest their money.  LINK

MilitiaMan:  This is telling me that the CBI is fully aware of the global monetary polices and circumstances affecting the world and have a plan to help with those.

They know the "rot" that is sloshing around like a whirl pool of debt and they know they are a pivotal figure in the future of the worlds economies. To move a real economy takes being international and able to work on a level playing field.

With what we are reading of late from the PMs advisor about the reasons they devalued in the past and what to expect in the future, reeks of gearing to make a change and one that will help alleviate some of the stresses or shocks that the last few years or more have had on the world.

They even mention the past hyperinflation in this piece above, just as the advisor has done more than once this week, imo.. The root of the past was to add zeros to the currency during that period of hyperinflation.

Well now the opposite appears to be looking to be in our face and is about to happen. The PMs advisor mentions the good, the bad and the ugly by adding and subtracting zeros from the currency. There is no reason to talk about deleting the zeros at this time if that was not to be on the table right now.

 Iraq is not besieged any longer.  They don't have the hyper inflation like the previous decades, nor do the have the DEBT!!!. Getting to a market economy requires a level playing field. A program rate with out being Article 8 compliant in totality is not going to level that field.

A reinstatement based of current fundamentals will and can make it happen. Being fully article 8 will be show time.. imo..

Bonds for the citizens with new purchase power, that comes from being in compliance with article 8 will add even more value to them imo.. Having support from having an internationally acceptable currency is imo part of the plan. They need to be successful.

The world is imo relying on if not requiring it to happen, peripherally anyway, imo. It sure looks like what we are seeing is the stage is set and they reconstruction expo if you will is the weekend.. Fascinating times we are in.. imo ~ MM

KTFA Monday Night CC "12/20/20....To 6-20-21"

KTFA:

KTFA Monday Night CC

Frank26L   6-21-21…….12/20/20….To 6/20/21

This video is in Franks and team’s opinions..

Franks team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq.

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

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

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

MilitiaMan Sunday PM "Marching Orders " 6-20-2021

KTFA

MilitiaMan:  appropriate conditions are achieved, cash payments in Iraq...

Wow.. Imo they are achieved. CASH PAYMENTS RETROACTIVE to come imo.. ~ MM

Clare:    AL-KAZEMI’S ADVISOR: THE PROJECT TO DELETE ZEROS FROM THE CURRENCY IS SUBJECT TO TWO CONDITIONS

Sunday, June 20, 2021 7:05 PM  Baghdad / National News Center

Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, set two conditions for deleting 3 zeros from the currency, stressing that the option to delete is proposed as part of the strategies for reforming the currency and cash payments system in Iraq.

Saleh told the official agency and followed by the "National News Center", "The Central Bank of Iraq has developed a project to delete three zeros from the Iraqi currency in order to reform the cash payments system, which has become burdened by the insomnia of the economic blockade imposed in the nineties of the last century, and put it into research and study long ago,

This is after reviewing about 54 international experiments since the end of World War II until the second decade of the twenty-first century, which took place in various countries of the world in which the cash payment systems were reformed and made to work more efficiently, the last of which was the Islamic Republic of Iran and before that, Turkey.

He added that "the phenomenon of increasing zeros in the monetary unit or adding zeros to a single monetary unit usually comes due to the exposure of economies to unbridled waves of inflation or continuous sharp rises for years in the price level due to wars, sieges and conflicts, which lead to financing the deficit of government budgets through cash issuance." .

And because the price means the value of goods and services expressed in cash, the continuous rise in prices without stopping leads to the erosion of the value of the monetary unit, which requires the issuance of larger monetary categories due to the lack of value of the smaller monetary groups and the disappearance of their ability to cover transactions and exchanges of high monetary value in the market.

He continued, “Accordingly, the monetary value of things or tangible assets and others inflates, and when inflation ends, according to which prices have increased to three decimal places, or more or less, according to the nature of each economy, countries resort to reducing the artificial reproduction in numbers, especially in the numbers of accounts books, budgets, and various numbers of tools.” Accounting for that after two conditions are met.”

He continued, "The first condition is price stability and global economic growth, and the second is appropriate stability in political life, so the importance of deleting zeros from the currency and slimming currency units as a necessary condition for reducing accounting numbers and facilitating arithmetic handling and the cost of managing new large numbers and the absence of small numbers and fractions, as it is noted that slimming currencies Cash comes because of its role in the sustainability of calculating huge numbers of financial values, which are not absorbed by ordinary computers due to the large number of decimal places and the emergence of many accounting errors, especially dealing with trillions, which means that one number in front of it has 12 decimal places.

Saleh believed that “the hyperinflation that hit the Iraqi economy in the nineties of the last century added three numbers to the Iraqi monetary unit (that is, one dinar became equal to a thousand dinars, and ten dinars became ten thousand dinars, and so on for the rest of the categories), while the small categories disappeared from circulation completely, but rather Every 250 fils became equal to 250 dinars, and it was considered the smallest monetary unit in circulation today, which raised the cost of micro-transactions that mostly affect the poor segments.

He added, “In this way, monetary systems aspire to remove the burden of historical inflation from the folds of the monetary unit by resorting to deleting three zeros from the old currency to equalize the new currency with lower numbers but with the same value. Let’s say, for example, that one new dinar equals 1000 old dinars without change in value or rights. . The accounting books, statistics, numbers and computer systems are also modified with the value of the new currency within an easy and easy reform strategy, and the countries believe that the slimming of the currency system facilitates the circulation of accounting numbers and helps to issue smaller cash denominations for very small transactions whose monetary values ​​have been destroyed by historical inflation in our country such as the dirham and others.

He concluded by saying, "The project to delete zeros in Iraq is still technically prepared by the Central Bank of Iraq, which is the official sectoral authority and the monetary authority concerned with this matter and in cooperation with all three state agencies and authorities, but the project is postponed at the present time until the appropriate conditions are achieved and remains part of the currency system reform strategies. and cash payments in Iraq. LINK

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MilitiaMan:  Clearly they have their marching orders. Like the UST / G7 has said they "ACHIEVED GOBAL REFROM". Hence the roll out we see now.

They have the two conditions met to delete the zeros in my opinion.

They spokesman today has indicated the terms and conditions and when ready they can and imo will do so. They mentioned a postponement. Well they have to. imo. They cannot just say hey.. We are going to revalue today.. lol

They may be able to get away with hey we are going to devalue and that is what they did in 2020. But, now, it is a different year and a whole different set of conditions are in play. Which we can see have been met.

Therefore, the education we have witness today is over the top and good! There is also today, mention of the Ministry of Finance about reform to public budgets in according white paper reforms..

Well that will fit nicely won't it. lol. imo It sure would. ~ MM

KTFA Members : Some Saturday News 6-19-2021

KTFA:

Samson:  Vietnam : Every citizen to have QR Code by 2025 in an effort to develop digital Government

19th June, 2021

Every citizen in Việt Nam will have a digital identity with a QR Code by 2025 in an effort to promote the development of digital Government. 

This will enable citizens, enterprises and other organisations to participate in the operation of Government agencies to improve transparency and service quality as well as improving social values. This was a key point in the e-Government development strategy towards building a digital Government in the 2021-25 period approved early this week.

The strategy aimed to complete the development targets of e-Government by the end of this year to serve the formation of digital Government by 2025. As mentioned in the strategy, e-Government included online meetings, paperless document processing, contactless administrative procedures and cashless payments.

Digital Government was a broader definiton, which included e-Government with safe operation in the digital environment, ability to provide new services, ability to optimise resources and the ability to lead the national digital transformation and effectively handle big issues in socio-economic management and development.

Digital Government was developed to let citizens, enterprises and other organisations participate in an appropriate way in the operation of Government agencies and interact to enhance transparency, improve service quality and together handle problems.

In comparision, e-Government set targets of better serve citizens and enterprises. Minister of Information and Communications Nguyễn Mạnh Hùng said that the targets for forming e-Government would be basically completed in 2021 with the focus on enabling the provision of all public services at level 4. Level 4 is the highest level of online public services which allows users to fill and submit forms and pay fees online.

By 2025, digital Government would be formed, which would enable the provision of Government services round-the-clock following demand while new services would be provided based on the open database. To promote the formation of the digital Government, the strategy set targets of completing the legal environment, developing the national digital infrastructure, the national digital platform, the national data and national apps together with ensuring network security and safety.

Accordingly, policies would be put forward so that Việt Nam could be in the list of the top 50 countries in terms of digital Government development by the United Nations by 2025 and in the top 30 by 2030. Specifically, the strategy targeted that every citizen would have a digital identity with a QR Code and own a smartphone. Every household would have a digital address and could access broadband internet.

Each citizen would have a digital health record, while medical examination and treatment facilities could provide remote examination and treatment and allow cashless payments and electronic prescriptions.

 Each student would have a digital record of their studies, schools allow cashless payments and provide digital learning materials. Each farmer will have the ability to access, exploit and use the digital platform for agriculture, reducing the dependence on intermediary stages from production to distribution.   LINK

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Samson:  Imprisonment of members of the Iraqi border guards for their complicity with a regional smuggling network

19th June, 2021

On Saturday, the second Internal Security Forces Court in Nineveh issued prison sentences for members of the border forces for their complicity with smuggling networks between Iraq and Syria.

A security source told Shafaq News Agency, that the court issued prison sentences ranging from one year to one and a half years against five members of the Sixth Border Division, on charges of cooperating with a number of smugglers of fuel, cigarettes, alcoholic beverages, calves, sheep and others, between Iraq and Syria.

While another security source confirmed to Shafaq News reporter, "Smuggling operations at the administrative borders of Nineveh Governorate are still continuing today, especially near Sinjar district, within the areas controlled by the Federal Police, which received the tasks of border protection during the past months."   LINK

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Samson:  Remittances of Iraqi expatriates: weak numbers reflect the lack of confidence in banks

19th June, 2021

Controversy prevails in Iraq over the amounts that leak out of the country, estimated at between 62 billion and 70 billion dollars annually, most of which are within the import activities of the private and public sectors, without addressing the size of the hard currency that enters the country outside the framework of the Iraqi oil export giant “SOMO” 

The Iraqi financial authorities do not issue any annual data on the amount of money entering the country from transfers from expatriates, numbering about 5 million people, most of whom left the country after the US invasion in 2003. However, the Center for Economic Studies in Baghdad revealed estimated figures for those transfers.

According to the head of the Future Iraq Foundation for Economic Studies, Manar Al-Obaidi, "the total remittances of Iraqis living abroad to the country amounted to more than 6 billion dollars between 2012 and 2019, at a rate of 750 million dollars annually," noting that "this represents about 0.5 percent. of Iraq's gross domestic product. Al-Obaidi said that the highest value of remittances was achieved in 2017, when remittances amounted to one billion dollars, considering that "the weakness of the banking system in Iraq led to a decrease in the percentage of funds transferred from various countries, in addition to the use of unofficial methods of transferring funds, which keeps the remittance figures estimated."

An official in the Iraqi Ministry of Finance in Baghdad confirmed that the numbers related to expatriate remittances are speculative and likely to be very different from the reality.

In an interview with Al-Araby Al-Jadeed, he pointed out that there are many undisclosed outlets through which funds are transferred to Iraq, "usually through unlicensed companies used to transfer expatriates' money to their families to help them during the well-known economic situation in Iraq."

On the other hand, a member of the Finance Committee in the Iraqi parliament, Ahmed Al-Saffar, considered in an interview with Al-Araby Al-Jadeed that the amount of hard currency that enters Iraq does not represent anything in front of what comes out of it.

He explained that the lack of confidence in banks and the lack of banking culture in Iraq made people "resort to saving their money at home, which makes the issue of transfers from abroad difficult to monitor and also does not fall within the active resources in the country."

In turn, the expert in Iraqi economic affairs, Basem Antoine, explained that "the remittances are included in the purchasing power of the individuals who benefit from them only, and they cannot be considered as a national return. Moreover, the investment environment in the financial sector in particular is immature in Iraq, unlike what is happening in some other countries that Remittances of individuals from abroad are included in the country's basic resources.

Antoine talked about what he described as a "wide rift" between banks and citizens, as there are experiences with some banks that forced the citizen to store his money at home instead of entering the banking system, and being part of the economic cycle.

He pointed out that "trust between the government on the one hand and citizens and businessmen on the other hand is also missing, and therefore reforms must be carried out in this context and temptations should be created, including raising the interest rate, for example."   LINK

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Don961:  A bet on surplus funds from the escalation of oil prices to address 3 files... and an economic opinion in exchange for “refusing” hopes

2021-06-18  Yes Iraq: Baghdad

 The bet is escalating on the financial surplus supposed to be achieved by the rise in oil prices of more than 25 dollars above the price set in Iraq’s budget 2021, on the basis of which the state’s expenses are drawn, amounting to 45 dollars per barrel, at a time when the oil price currently exceeds 72 dollars per barrel.

Iraq is counting on rising oil prices and achieving a financial surplus, to complete and address 3 important files, represented by lagging projects, filling the deficit, not borrowing and perhaps paying debts.

However, other economic opinions smash these high hopes, emphasizing the possibility that the achieved financial surplus will reduce the deficit only, without achieving any progress in other files, while the reason for this is that the real deficit is higher than the planned and written in the budget, by doing The decline in non-oil revenues and the achievement of figures much lower than those planned and calculated in the budget.

 The government advisor for financial and economic affairs, Dr. Mazhar Muhammad Salih, shows that “final cash revenues will flow into the budget, and its balances will cover the estimated deficit gap of about 29 trillion dinars (20 billion dollars) in the federal general budget for the year 2021, out of a budget whose expenditure ceiling is approximately 130 trillion dinars ( $89.65 billion).

Saleh explained that "the additional cash income will cover the planned deficit and reach the normal limits of 3% of GDP, instead of resorting to internal or external borrowing," as well as it will also lead to the early implementation of "priority investment projects in proportion to the availability of Funds and the transition from the allocation stage to the financing stage, instead of the delay and reluctance that occurred in previous years due to lack of funds.”

Saleh noted that the efficiency of expenditures will lead to the payment of many arrears related to the private sector, such as entitlements to farmers, contractors, retirees and others.

The delayed projects amount to more than 6,000 projects worth 126 trillion dinars (about $89 billion), at a time when 80% of these projects have reached the completion stage, but the release of funds is an obstacle to their completion, according to the Ministry of Planning.

Filling 70% of the deficit only

For his part, the head of the Iraq Future Foundation for Economic Studies, Manar Al-Obaidi, expected that the increase in oil prices would contribute to reducing the budget deficit by 70%.

Al-Obeidi said that "the problem that Iraq is currently facing is its inability to maximize its non-oil revenues, and this contributes to increasing the financial deficit, in addition to the failure to start implementing the financial agreement with the Kurdistan Region of Iraq, which provides for the payment of 250 thousand barrels per day to the Iraqi government."

He pointed out that "it is very difficult to invest the surplus of oil money, as the volume of internal and external debt is also high."  LINK

Don961:  Its sales exceed $5.8 billion per month.. How does high oil prices reduce Iraq's budget deficit?

- 17 Hours Ago

Iraq’s revenues began to increase monthly, as a result of the rise in oil prices in the global market, and the increase in the amount of exports according to the “OPEC Plus” alliance agreement; This reflected positively on the fiscal budget for 2021.

The government planned to collect $4.38 billion in revenues from oil sales per month, but its sales exceeded $5.8 billion last month.

According to the latest report on actual expenditures issued by the Ministry of Finance, the government achieved a fiscal surplus of more than one billion dollars from the beginning of the year until last April, as expenditures amounted to 16.22 billion dollars, while revenues were estimated at 17.24 billion dollars.

Popular pressures on Mustafa Al-Kazemi's government have now reduced; As a result of the increase in the amount of oil exports, Iraq is currently producing 3.930 million barrels per day, compared to the production of more than one million barrels per day since the entry into force of the “OPEC Plus” agreement on May 1, 2020.

In addition, an increase in non-oil revenues was recorded through the imposition of taxes and fees, an increase in customs tariffs, and a 20% devaluation of the dinar.

Benefits for the economy

The government advisor for financial and economic affairs, Dr. Mazhar Muhammad Salih, said that the rise in oil prices will benefit the economy during the coming period.

He said in an interview with Al Jazeera Net that "final cash revenues will flow into the budget, and its balances will cover the deficit gap estimated at about 29 trillion dinars (20 billion dollars) in the federal general budget for 2021, out of the budget of the ceiling of its expenditures of approximately 130 trillion dinars (89.65 billion dollars) ". .

Saleh explained that "the additional cash income will cover the planned deficit and reach the normal limits of 3% of GDP, instead of resorting to internal or external borrowing."

He added that this will also lead to the early implementation of "priority investment projects in proportion to the availability of funds and the transition from the allocation phase to the financing phase, instead of the delay and reluctance that occurred in previous years due to lack of funds."

Saleh noted that the efficiency of expenditures will lead to the payment of many arrears related to the private sector, such as entitlements to farmers, contractors, retirees and others.

The delayed projects amount to more than 6,000 projects worth 126 trillion dinars (about $89 billion), at a time when 80% of these projects have reached the completion stage, but the release of funds is an obstacle to their completion, according to the Ministry of Planning.

Al-Obeidi expected that the increase in oil prices would contribute to filling the deficit by 70% (Al-Jazeera)

reducing the deficit.

On the other hand, Manar Al-Obeidi, head of the Future Iraq Foundation for Economic Studies, expected that the increase in oil prices would contribute to reducing the budget deficit by 70%.

Al-Obaidi said in an interview with Al-Jazeera Net that "the problem facing Iraq currently is its inability to maximize its non-oil revenues, and this contributes to increasing the financial deficit, in addition to the failure to start implementing the financial agreement with the Kurdistan Region of Iraq, which provides for the payment of 250 thousand barrels per day to Iraqi government".

He pointed out that "it is very difficult to invest the surplus of oil money, as the volume of internal and external debt is also high."

And the experience of the government of former Prime Minister Haider al-Abadi has now begun to be repeated with the Al-Kazemi government, as it was able to save 15 billion dollars from the increase in oil prices, but it remained in the public treasury for years without activating the delayed projects or paying government debts.

The absence of the program

, for his part, said economic expert Dergham Muhammad Ali - in an interview with Al Jazeera Net - that "the current government lacks the real program and the will to create development on sound economic foundations, in addition to its acquiescence to political pressures that were and still impede any real growth of the private sector or any investment." Promising, there is local development, so the Al-Kazemi government lacks planning and effective power.”

He pointed out that revenues are currently sufficient to meet budget commitments without a fiscal deficit, because it will be blocked through an increase in oil prices, and any other increase will be considered a supplementary budget.

It is noteworthy that Iraq had previously approved the 2021 budget with an estimated size of 130 trillion Iraqi dinars (89.65 billion dollars), and a deficit estimated at 19.79 billion dollars.

Source: Al Jazeera   LINK