KTFA Members "News and Views" Thursday 8-26-2021

KTFA:

OlLar:  In a world where Conspiracy Theory is hardly discernable from Conspiracy Fact, am I the only one who has had a fleeting thought of a possibility, that the refusal of those who may be truly running the world, are insisting we have a showdown in Afghanistan this weekend? The same weekend that this Baghdad Summit is being held? A weekend where a real possibility of an RV? Cover for the RV? Probably crazy, but, I bet I am not the only one

Ryan1216:  With the Baghdad conference this upcoming weekend it would be a perfect time to reveal the new rate. All is in place citizens education, ATM's, etc but this is Iraq. We have to watch and see what they do. I'm praying we aren't far away from this blessing coming forth. I'm frustrated just like everyone else. Kazemi has done alot of great talking lately it's time for him to back it up!

Don961:  Learn about Iraq's share of the new International Monetary Fund billions

 2021/08/25 18:35   Baghdad - Iraq today:

International Monetary Fund data shows that the Arab countries that are members of the International Corporation have a share of about 5.72%, and therefore they will receive the share estimated at $32.2 billion in the form of Special Drawing Rights amounting to 22.7 billion units of drawing rights, according to what was published by the media. foreign.

Yesterday, for the fourth time in its history, the International Monetary Fund began distributing special drawing rights to its members, this time amounting to 650 billion dollars, equivalent to 456 billion units, which is the largest historically, to its 190 members, in the form of special drawing rights, which approved It will be allocated early this month.

The allocations for the general distribution of Special Drawing Rights are divided among the countries that are members of the Fund in the same percentage of their quotas as their membership in the Fund.

Arab countries

The Kingdom of Saudi Arabia, being the largest Arab country, ranked first, with its special drawing rights amounting to 9577.5 million Special Drawing Units, and its voting share amounting to 2.1%.

In second place comes the UAE with 2,125.2 million RDRs, and its voting share is 0.49%, then Egypt is in third place with 1952.5 and its voting share is 0.43%.

Algeria comes in fourth place, with 1853.2 million special drawing rights, with a voting share of 0.41%, and then Kuwait with 1853.2 million special drawing rights, with a voting share of 0.41%.

While Iraq ranked fifth with a share of 0.35% and withdrawal rights amounting to 2.264724 million dollars.

The SDR is an international interest-bearing reserve asset created by the Fund in 1969 as a complement to other reserve assets of member countries.

The value of the SDR is based on a basket of international currencies consisting of the US dollar, the Japanese yen, the euro, the British pound and the Chinese yuan. The SDR is neither a currency nor a claim on the Fund, but a potential claim on member countries' freely usable currencies.

SDR allocations are distributed only to member countries that choose to participate in the SDR administration. All members of the Fund are currently participating in it.    link

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Samson:  Adviser to the Prime Minister reveals the details of the Generations Fund

26th August, 2021

Today, Thursday, Adviser to the Prime Minister, Mazhar Muhammad Salih, revealed the details of the Generations Fund, while indicating that the fund will be a source of invested savings for the benefit of the next generation

Saleh said in an interview with the Iraqi News Agency, and followed by "Al-Iqtisad News", that "the majority of the oil-producing countries or the raw wealth, which is called the group of surplus countries, have pledged to invest the proceeds of their accumulated wealth from the exports of raw materials and include them with sovereign investment funds, tools and income-generating assets through various activities. International and local investment, which is something that maximizes wealth and assets that provide prosperity and well-being for future generations

Saleh expressed his "support to go towards establishing an Iraqi fund for generations," noting that "such a fund will include part of the financial surplus or the country's official economic surplus, which is based today on some oil revenues

He stressed that "the fund will be a desirable source of savings that will take over the current generation of managing its investments for the benefit of the next generation, which we call sustainable development," pointing out that "this is the investment pillar that achieves the principle of succession of generations or successive utilization of wealth between generations from the present to the future

He added, "A proposal has been submitted to transfer the mechanisms of deductions for the current Kuwait war compensation, which will end early next year, into a national fund for generations to be used according to the vision of the Prime Minister, whereby the funds of the said fund are invested in activities, tools and income-generating assets through a highly diversified investment portfolio (i.e. tools). (financial, assets or real assets) in which there is an element of safety to a large extent of risks, as well as serious thinking about maximizing the proposed fund’s resources in the future from sources of investment returns from other untapped or unexploited natural wealth such as phosphates, sulfur, silicon, gas and other raw materials and untapped natural resources

He explained that "the management of such sovereign funds is handled by the central banks in the world on behalf of the government," noting that "the central bank in our country is currently the first financial agent for the government under its effective law and manages the strategic reserve of all official foreign currency and in accordance with international best practices in diversification and reducing Risks and maximizing returns, under the supervision of an independent government agency

LINK

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Samson:  Next Saturday.. 9 Regional And International Countries Will Participate In The Baghdad Conference For Cooperation And Partnership

26th August, 2021

The capital, Baghdad, will host next Saturday, the "Baghdad Cooperation and Partnership" conference, which was called by Prime Minister Mustafa Al-Kazemi. It is expected that the conference will be attended by leaders and high-level political figures representing 9 regional and foreign countries: Turkey, Iran, Saudi Arabia, Kuwait, Jordan, Egypt, Qatar, UAE and France. In addition to representatives of the European Union and the United Nations.

The Minister of Culture, Tourism and Antiquities, spokesman for the Council of Ministers, Hassan Nazim, said in an interview with “Al-Sabah” newspaper, which was followed by the independent: “The (Baghdad Cooperation and Partnership) conference is a summit conference that brings together the regional neighbors as well as other countries,” explaining that “Iraq had a special policy during the year.” The past is the work of the Al-Kazemi government, and the distinguished work is an attempt to restore Iraq’s effective and influential regional role.”

And he indicated that "restoring this role does not mean that there is a desire by Iraq to play roles as much as ensuring its security and economic stability, meaning that the plans of this government stem from the country's interest in its security and economic files," and pointed out that "these are great priorities that have been made, and there are trips Shuttle for Prime Minister Mustafa Al-Kazemi from it to Arab countries such as the Kingdom of Saudi Arabia, the United Arab Emirates, Kuwait and Jordan, and even international flights to Europe such as Belgium, Italy and the United States of America.

He stressed that "there is a vigorous work in building bridges that continue with the aim of restoring Iraq's role in a manner that secures its stability and economic prosperity, and the next summit meeting is a political meeting. Certainly, the security factor will be present and decisive.”

He added that "the issue of tensions in some countries in the region will also be present for discussion at the summit, and Baghdad will host great leaders of these countries, including the French president, who will attend himself and with a large delegation. This role came after many years of reluctance and interruption.”

Regarding the number of delegations of countries that expressed their willingness to participate in the Baghdad conference, Nazim said: “Iraq sent an invitation to all neighboring countries and all of them responded and will attend at high levels, and there was talk about the presence and participation of the Syrian side, and Iraq is responsive and has important relations with Syria, so if there was a controversy over Syria’s participation, this controversy is not related to the Iraqi government as much as it is related to the positions of others, i.e. the participating parties, and we respect the positions of others, but we emphasize the importance of our interests in our relationship with the Syrian Arab Republic.

He added, "The invitations are comprehensive and the attendance is high, and we hope that our country will reap the fruits through this wide and large international presence in Baghdad.

As for the representation in the conference, it is diverse, and attendance at the conference is at the highest level, including kings, ministers, prime ministers, and less, according to the circumstances of each country." He pointed out that "Prime Minister Mustafa Al-Kazemi's visit to Kuwait was a mission whose main objective is to strengthen economic partnerships, and the visit resulted in the formation of technical committees from both parties and a date was set for them to meet to determine the nature of these economic partnerships between the two countries."

Meanwhile, the Joint Operations Command announced the completion of the security cordons for securing the "Baghdad Cooperation and Partnership" conference scheduled to be held next Saturday. The spokesman for the joint operations, Major General Tahsin al-Khafaji, told the Iraqi News Agency (INA):

 "The security forces have completed their preparations and security cordons and are working on preparing plans to protect vital targets," noting that "Iraq is on the verge of an international conference, which is a clear message to the world and investors that Iraq is a country that enjoys independence and an atmosphere suitable for investment and construction.”   LINK

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The President of the Republic: The Baghdad Conference will contribute to easing tensions and crises in the region

26th August, 2021

The President of the Republic, Barham Salih, stressed, on Thursday, that the region needs a new work system based on common security and economic interdependence, and while noting that Iraq’s security and stability is an indispensable element in achieving this, he pointed out that the Baghdad Conference for Cooperation and Partnership will contribute to cooperation in order to alleviate the intensity of tensions and crises surrounding the region.

In an extensive meeting with a delegation of Arab and foreign media in Baghdad, Saleh said that Iraq is a pivotal country in the region, and that its balanced relations with everyone and its geographical location make it an active element in dialogue and a platform for the convergence of regional interests, noting that the persistent crises in the region are due to the collapse of its system.

Security and cooperation due to wars and conflicts and the absence of Iraq from its natural role, and the return of Iraq to its role through a state capable of full sovereignty will be based on regional security and stability, alluding to the existence of a growing regional awareness of this. He added that Iraq has long suffered from crises and disasters from wars, tyranny and terrorism, and the arena of settling the accounts of others, and as a result of which the whole region was affected.

The President indicated that the Baghdad Conference for Cooperation and Partnership, to be launched next Saturday, will contribute to cooperation in order to ease tensions and crises in the region, and support the path of constructive dialogue in this regard, pointing out that the wide attendance at the meeting indicates interest in Iraq and a desire to ensure security and stability. Country. He continued, that Iraq's geographical location and since ancient times made it a place for drawing balances in the region, and today, in light of the internal, regional and international developments, we affirm that this location makes it an effective element in convergence and dialogue and an arena for the interdependence of the common interests of the peoples of the region.

The President stressed that the time has come for the stability of the region after decades of conflicts and crises that led to the collapse of its security and cooperative system, and there is an urgent need today to build a new system based on basic principles, common security, and economic and commercial interdependence among the countries of the region. President Barham Salih affirmed that the solution in Iraq is an Iraqi solution, and the Iraqis are determined to move towards a capable state, to move towards the desired reform, and to face the internal challenges facing the country, pointing to preparations underway for holding the upcoming elections.

The President stressed that a secure and stable Iraq with full sovereignty and with its independent national decision is a foundation for regional security and stability, and that the time has come for the region to stabilize after decades of conflicts and crises, and there is an urgent need for a new joint security and economic system, pointing to a growing awareness of the countries of the region and the world of the need to return Iraq for its natural course.

 President Barham Salih pointed out that the region and the world have witnessed major transformations at all levels, which have resulted in grave common challenges, foremost of which is terrorism and extremism, fluctuations in the economic situation, youth unemployment, severe cross-border climatic changes and the need to protect the environment. Bring us together and move towards a work system based on the common interests of all the peoples of the region. Saleh stressed the need to continue the war on terrorism, and to combat the scourge of corruption closely linked to violence, terrorism and extremism. Corruption and terrorism are two sides of the same coin, and we call for the formation of an international coalition to combat corruption as an essential element to combat terrorism.

In answering a number of journalists' questions, President Barham Salih said that the continuation of the Syrian crisis is not in everyone's interest, and we stress that security and stability in the region will not be achieved without resolving the crisis in Syria, noting that the presence of terrorist groups and the crisis of al-Hol camp pose risks and a challenge to the whole region and the world, and Iraq calls for the return of Syria's seat to the Arab League, and Syria will be the absent present at the Baghdad Conference for Cooperation and Partnership

. He pointed out that Iraq's position on the Palestinian issue is a firm stance in defending the rights of the Palestinian people, achieving their aspirations and obtaining their full and legitimate rights, and there will be no peace in the Middle East without achieving full and legitimate Palestinian rights. LINK

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Samson:  Finance Minister: Nearly 200 billion dollars were smuggled out of Iraq

26th August, 2021

Minister of Finance, Ali Allawi, confirmed that nearly 200 billion dollars were smuggled out of Iraq due to corruption.

Allawi said in an interview with a number of media outlets, "Approximately 200 billion dollars were smuggled out of Iraq due to corruption operations," explaining that "it is not easy to recover these funds and we have started dialogue with neighboring countries that received our money."

 He stressed that "about 20 billion dollars evaporated from the Iraqi money smuggled into the banks of the countries."

He added that "the insurance sector in Iraq is really profitable and we want to move it," noting that "the 30% increase in state costs is caused by the increase in the number of employees, their salaries and incentives." And he indicated that "the foreign debt is about 50 billion dollars," noting that "the debts of the Paris Club have become few after Iraq paid a lot of them."

Allawi warned, "not to enter into any external obligations related to debt," stressing, "We are in the process of issuing bonds, and the Iraqis will not buy them without guaranteeing the payment of interests to them, and this is their right."    LINK

MilitiaMan and Petra " We are Days into the RI"

KTFA:

FROM MM & PETRA: (Tuesday the 24th)

MilitiaMan:  Does anyone here think that our study doesn’t show the reforms to be in play.. The SDR was distributed today. Globally…didn’t the cbi just show us a 33 page announcement? The second strategic plan….      https://cbi.iq/static/uploads/up/file-162607942971064.pdf

Didn’t Kahdimi just go sign things in Kuwait?... Everyone that was allotted SDRs were told to play fair and be fair to all.. sound like they are warning those that use the money ,,, it is being watched.. block chain... digitally….The digital transformation is upon us.

Did not the regional entities meet and start opening trade this last weekend? They did. Was there not a video of Kahdimi signing a book? Yep … I come back to timing and what has transpired. Let’s keep in mind that that report on the 22nd was not just announcement, it was a road map that is effectively the 2nd Article….Militia-Man….

Petra: Another clue MM…what did K call those 33 pages???... The second strategic plan…with all it entails seems like the 2nd Article to me!!...PETRA….

MilitiaMan:  It has all items in place to go to a market economy.. The connection and convergence. With many entities shows we are game on and about game over!! Imo…The SDRs were distributed today!! We are days into the RI, imo ..Militia-Man….

Petra: Yes, the meeting this Saturday has all the makings on an entire new business paradigm between Iraq and the other GCC countries!...The SDR’s were the launch for sure! Liquidity now, to jump start the new digital economy!!!...Today is the 24th…..SDR’s dropped and Reverse-Repo’s continue….now there’s a story! But not much longer…..All Boats!..... PETRA…..

MilitiaMan:   Not a record, but, when in trillions a few points are not an issue!! Lol….Sounds like the scuttlebutt Is...There is a bankruptcy in the mix or similar...Being  the  FED is not mentioned and the UST seems to dominate.. imo….Militia-Man…..

Petra: Yes…or absorption.PETRA……

MilitiaMan:  Yes, good point!.. Militia-Man……..

Petra: Seem-less to the populace but strategic to economic and monetary policy!!... PETRA………

MilitiaMan:  The cash from a decade or more on the side lines can’t park worthless money for ever? No, they need to use it to buy bonds.. or lose it!! Lol Militia-Man……..

Petra: Yes. And keep it stored strategically to be used for a specific purpose. PETRA….

MilitiaMan:  The house of cards just went effectively digital!! Imo 22nd was game on.. ioo…Jordan ...door to door.. ?..Kuwait and the 33 page doc!!...The playing field is set and it is to be level!!.. Militia-Man…….. 

Petra: Yes…the countdown has begun imo. 22nd you say? The international party in Baghdad is on the 28th? Lots of interesting things at bay!!!! …  So why are they all coming??? Kings, Magistrates, Prime Ministers, Central Bank Governors. ….not their representatives….them!!!! Why???? You all know!!! …   We are not calling that specific day. No dates, I know the rules….but close before or after this meeting has key logic to it!!! Anybody see a boat????... PETRA 

Some "Tuesday News" Posted by Samson at KTFA 8-24-2021

KTFA:

Samson:  Can the Taliban control the central bank's $10 billion stockpile?

24th August, 2021

The Taliban managed to take control of Afghanistan in record time, but the movement is not likely to quickly reach most of the roughly $10 billion in assets of the Afghan Central Bank.

The Central Bank of Afghanistan keeps foreign currency, gold and other treasures in its vaults, according to an Afghan official quoted by CNBC.

Most of the assets are outside Afghanistan, so this could make it difficult for the Taliban to control them, according to Afghan officials, including bank governor Ajmal Ahmadi, who fled Kabul. Ahmadi said in a tweet on "Twitter" that these assets may be frozen, given that the Taliban is still on the international sanctions lists.

The US network stated that the funds that can be accessed by the Taliban represent 0.1% to 0.2% of the country's total international reserves.

The latest online financial statement shows that the Central Bank of Afghanistan has total assets of about $10 billion, of which $1.3 billion are gold reserves and $362 million are foreign currency reserves, based on currency conversion rates as of June 21, the date of the report.

Central banks, especially in developing countries, often deposit their assets abroad with institutions such as the Federal Bank of New York (FRBNY) or the Bank of England

On Saturday, the Taliban said the treasury, public utilities and government offices belonged to the nation and "must be closely guarded   LINK

Samson:  Banking expert: Jordanians' money in Lebanese banks has evaporated

22nd August, 2021

The Lebanese banking expert, Elie Zwain, confirmed that many foreign deposits in Lebanese banks, including Jordanian deposits, no longer exist.

Zwain's statements came in response to a question on the Economic Indicator program, which is broadcast on the Jordanian "A onetv" channel, about Jordanians' money in Lebanese banks

The banking expert said he believed that much of the money that was deposited in Lebanese banks before 2019 no longer exists, describing its fate as "evaporated

The funds of Jordanian depositors in Lebanese banks are estimated at more than one billion six hundred million dollars, according to local reports

Lebanon is living on the impact of a political crisis manifested in the inability of the authorities to form a government, which triggered economic crises that began with a “historic” collapse of the price of the Lebanese pound, which was reflected in other crises in the basics of life such as electricity, medicine and others   LINK

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Samson:  Rising oil prices in world markets

24th August, 2021

Oil prices rose, today, Tuesday, after the US authorities granted full approval for the use of the “Pfizer-Biontech” vaccine against Corona, which boosted investors’ hopes of increasing demand for fuel

Brent crude futures rose 0.7 percent to $69.21 a barrel, by 06:48 GMT, and US West Texas Intermediate crude gained 0.5 percent to $65.98 a barrel

The two benchmark crudes jumped more than five percent yesterday, supported by the dollar's decline, after it suffered the largest weekly loss in more than nine months, last week

And the US Food and Drug Administration, which granted the Pfizer vaccine approval for emergency use, announced its full approval to vaccinate those 16 years of age or older with the aforementioned two-dose vaccine

Expectations of a decline in US crude inventories were also supported by prices, and a preliminary survey showed that crude and gasoline inventories in the United States are expected to decline last week, while distillate inventories are expected to have increased   LINK

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Samson: Integrity reveals the number of senior officials accused in the criminal cases it investigated in 2020

08/24/2021 11:24:04

 The Federal Integrity Commission revealed, on Tuesday, the number of senior officials accused in the criminal cases it investigated in 2020.

In a statement received by Al-Furat News, the commission stated: "In response to a statement by one of the deputies, which included the inability of the Integrity Commission to hold ministers and general managers accountable, and it was satisfied with holding junior employees, and in order to clarify the facts and remove ambiguity, the commission would like to point out some facts related to the statement

Noting that its annual report for the year 2020, which it announced on the eleventh of last February, and despite the outbreak of the Corona virus and its impact on the activity of the commission and the rest of the state institutions, shows that the number of accused ministers and of their rank in the criminal cases that the commission investigated in the year 2020 reached (63). Minister and those of his rank, while the number of accused persons of special grades and general managers reached (449).

The report, copies of which were sent to the House of Representatives and its committees, indicated that (15) ministers and those of their rank, and (125) of those with special rank and general managers, were referred to the judiciary. The right of ministers and those of their rank, and (369) an order against those with special grades, general managers and those of their rank.

The authority stated that it "would like to shed light on the defendants in the criminal cases related to the ministries of electricity, commerce, industry and minerals, which the representative touched upon in his statement," noting that "the number of defendants in those cases specifically are those who hold the position of minister, those of his rank, those with special ranks and general managers (220 directors).  accused".

While she noted, "the presence of a support team in the investigative committee composed under the chairmanship of the first deputy speaker of the House of Representatives and the membership of the heads of the Federal Integrity Commission and the Federal Financial Supervision Bureau and the Director-General of the Investigations Department in the authority, in addition to a number of heads of parliamentary committees, which undertake the task of investigating special criminal cases in the Ministry of Electricity." which numbered (14) cases.

And she confirmed, that she had previously "approached the Supreme Judicial Council, for the purpose of authorizing it to provide members of the Parliamentary Integrity Committee with details of the investigative procedures in the criminal cases presented before the investigating judge without obtaining his approval, so the council's answer was that it was not possible in the event that the information was important and considered at the heart of the investigative work; This is with the guarantees of Article (15/Second) of the Commission’s Law, and the discretionary authority of the investigative judge, and in implementation of the provisions of Article (57) of the Code of Criminal Procedure.”

The authority noted "its keenness to communicate effectively with the House of Representatives and all its committees, especially the Parliamentary Integrity Committee, to answer the inquiries it receives after approaching the investigation directorates and offices, and to carefully verify the existing database in order to complete the answers and their accuracy." “Some answers to inquiries related to criminal cases require submission to the competent court to obtain approval and in the aforementioned detail.” LINK

Samson:  Representatives accuse parties and personalities of receiving millions of dollars in foreign funds for electoral financing

24th August, 2021

Candidates for the elections revealed that large and influential coalitions and blocs received financial support from countries to finance their electoral campaigns to ensure that they obtain the largest number of seats in the next parliament.

Representative Amer Al-Faseer said, on Tuesday, August 24, 2021, that political blocs and parties received external support to finance their electoral campaigns, adding that these parties finance their propaganda campaigns through their rampant financial corruption in state institutions.

The winner revealed that these blocs and parties began distributing Jaxar-type cars, firearms such as pistols or machine guns and plots of land, to clan heads or influential figures in exchange for a pledge to grant their candidates in their regions electoral votes.

On Monday, August 9, 2021, the Department of Political Parties and Entities Affairs in the Independent High Electoral Commission promised external funding to parties as a red line. And publishing media and social networking sites and instant messaging about political figures who receive millions of dollars per month from a neighboring country, in support of them in the elections. And financing abroad is governed by Article (3) of the Parties Law No. (36) of 2015, which includes submitting an official request to his department to decide whether or not there are foreign funds.

Parties need money to launch and manage television channels, purchase advertising materials, finance celebrations, organize conferences, and hold electoral banquets, in order to mobilize voters. The parties' law was prepared with texts that are more effective than the decisions of the electoral commission to determine electoral money and its sources, but observers question the feasibility of the law in light of the parties' dominance.

Legal expert and political analyst Ahmed Ebadi said that no one is able to know the source of funding for large or small parties. Accusations are leveled against parties that they obtain funding from companies established under their sponsorship, and that they have great facilities from state institutions and ministries to facilitate their work.    LINK

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Samson:  What does it mean for Iraq to raise its balance from buying US Treasury bonds?

24th August, 2021

The US Treasury Department stated that Iraq raised its holdings of US bonds to 2.21 billion dollars during the month of June, bringing the total to more than 21 billion dollars, after it was nearly 17 billion dollars in December of last year 2020.  

Adviser to the Prime Minister for Financial and Economic Affairs, Mazhar Muhammad Salih, said, "Raising Iraq's balance of purchasing US Treasury bonds by 23.98% to reach $21.187 billion is something expected, especially since Iraq is among the dollar region because of the nature of oil exports and their pricing in dollars, in addition to the largest commercial transactions in Iraq are within the dollar area, whether in Asia or in the regional environment, at a rate of 80 to 85% of Iraq’s foreign transactions in dollars,” noting that “Iraq’s possession of the dollar is normal, noting that the US dollar constitutes about two-thirds of the official reserves of countries, and there are about 60% of the global loans granted in dollars, about 84% of global trade is repaid in dollars.

He stressed that "the dollar has global dominance as well as dominance over Iraq's banking payments, and because Iraq is a dollar area, it always keeps bonds because other transactions may cause losses, so the proportion of reserves in the dollar is kept in the external centralization with the United States until it is invested as a predominant investment - that is short term - from three months to six months, and it can be transferred during this period without losses and returns for managing these bonds.

And the government advisor added, “The process of investing and managing reserves in Iraq and in foreign currency is either by placing them within a fixed deposit that has interest or current accounts, if there is a withdrawal or part of it, by diversifying it, such as investing in American bonds and their returns,” and he explained that American bonds are classified as (A3). ) meaning that it does not accept loss and is 100% guaranteed, and this is universally recognized and many oil countries deal with it.” 

LINK

Monday Night KTFA CC "Welcome to Iraq-ARTICLE 8" 8-23-2021

KTFA Monday Night CC with Frank26 and team.

8-23-21……..Welcome to Iraq ARTICLE 8

This video is in Frank’s and his 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=axqSbMwvAlU

KTFA Members "News and Views" Monday PM 8-23-2021

KTFA:

Samson:   The largest distribution in history.. Countries start receiving billions of dollars from the International Monetary Fund

23rd August, 2021

Today, Monday, the largest general distribution in the history of the International Monetary Fund, amounting to 650 billion dollars, which was approved earlier this month, became effective.

On August 2, the IMF’s Board of Governors approved a general distribution of the equivalent of $650 billion in Special Drawing Rights units (456 billion units) to its members, to support global liquidity.

Of the allocated funds, $275 billion went to developing countries, of which $25 billion went to members of the CIS (member states of the former Soviet Union) and Georgia, from which Russia received $17.5 billion.

According to a report published by "Reuters" agency yesterday, Yemen will get about $665 million from the fund's reserves. "Tomorrow all IMF member countries will receive their new allocations of Special Drawing Rights (SDRs). Countries must use these allocations responsibly and wisely for the benefit of all citizens," the fund said in a tweet yesterday on the eve of the distribution.

The distribution aims to address the world's long-term need for reserves, and help countries weather the impact of the COVID-19 pandemic.

Regarding the advantages of distribution, the Fund explained in a group of tweets that distribution allows for financing expenditures that help people to overcome the crisis, and it also enhances the reserves of member countries in the Fund, as well as supports the reforms of member countries.

The Special Drawing Rights (SDR) is an international interest-bearing reserve asset created by the Fund in 1969, as a complement to other reserve assets of member countries. The value of the Special Drawing Right (SDR) is determined according to a basket of five currencies (the US dollar, the euro, the Chinese yuan, the Japanese yen and the British pound).    LINK

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Samson:  The largest allocation of @IMFNews Special Drawing Rights (SDRs) in history—equivalent to US$650 billion—comes into effect today. It will create more room in member country budgets, helping step up their fight against the virus and support the recovery. It should be used wisely. https://t.co/AmA64SBWwH

— Gita Gopinath (@GitaGopinath) August 23, 2021

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Samson:  Iraq raises its holdings of US bonds to 21.2 billion dollars

23rd August, 2021

The US Treasury Department announced that Iraq raised its holdings of US bonds to $21.2 billion during the month of June

The Treasury said in its table that "Iraq raised its balance of purchasing US Treasury bonds by 23.98% to reach $21.187 billion, after it was $17.1 billion in December 2020:", indicating that "the bonds include long-term guarantees of $9.217 billion and short guarantees." term of $11.970 billion

And she added, "Iraq's stock of bonds decreased during the past year, after it was 31.9 billion dollars in January 2020, to decrease to 30.9 billion dollars in February of the same year, to decrease to 30.7 in March and to rise again in the month of April to 32.5, and in May it reached 32.6 billion dollars." To decrease again in June to $31.6 billion, then to $29 billion in July, and then decrease again in August to $27.1 billion, and drop in September to $24.4 billion, then to $21.6 billion in October and reach 19.8 billion in November. And to conclude the year with a decrease of 17.1 billion dollars

She pointed out that "the largest holder of US bonds is Japan, with a value of 1.277 billion dollars, followed by China, with a rate of 1.062 billion dollars, followed by Britain, with a value of 453 billion dollars

In the Arab world, Saudi Arabia comes at the forefront of the most possessing countries, with a value of 127.8 billion dollars, followed by the UAE with 60.8 billion dollars, Kuwait third with 47.3 billion dollars, then Iraq with 21.2 billion dollars, and Qatar fifth with 8.5 billion dollars  LINK

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Samson:  Al-Kazemi: We will present a reform document in Iraq soon, and the elections cannot be postponed

08/22/2021 20:13:30

Prime Minister Mustafa Al-Kazemi announced today, Sunday, that a general (reform) document will be presented, the provisions of which will be adopted as basic constants for Iraq.

He said Kazemi in a meeting with newspaper editors on the sidelines of his visit to Kuwait, that the legislative elections in Iraq will be held on time by the tenth of October next , and it can not be postponed. " He added that" what is important is to cross the country to safety and recover we are in The urgent need is for a healthy Iraq that does not dispense with its Arab and Islamic surroundings.

Al-Kazemi called on Kuwaiti businessmen to seize investment opportunities in Iraq as a "fertile environment", adding that "it is unacceptable that the trade exchange between the two countries is at this timid level." He believed that enacting legislation that attracts investment and overcoming difficulties for the investor does not affect the sovereignty of Iraq, but rather benefits its economy and the well-being of its citizens.

However, he added that investments were made to develop Iraq and build its future, especially that "the state alone cannot do everything." Al-Kazemi pledged to address all obstacles facing the foreign investor and provide him with assurances.   LINK

ATPInfinity:  "it is unacceptable that the trade exchange between the two countries is at this timid level."

We will present a reform document in Iraq..soon

ACCORDING TO MM..SOON has arrived!

https://cbi.iq/static/uploads/up/file-162607942971064.pdf

This report is going to open some eyes around the world be sure. The cat is out of the bag. imo A few random key points.. ~ ::

- The addition of the Iraqi dinar currency in a (Buna) platform for Arab payment~ 

-- Linking the Iraqi Stock Exchange with (RTGS) systems...............................ETC. THIS CHANGES EVERYTHING!!!!!!

Samson:  Kuwaiti parliament requires Iraq's support in exchange for money stolen by Saddam's regime

22nd August, 2021

Kuwaiti MP, Mubarak Al-Hajraf, demanded, on Sunday, not to provide any support or investment to Iraq unless the Kuwaiti funds seized by the former regime when the invasion of Kuwait are returned

Kuwaiti newspaper Al-Rai quoted Al-Hajraf as saying, "Oh, the (Kuwaiti) Prime Minister, while you are crying over the economic deficit, demanded that the Iraqi prime minister return the Kuwaiti money wasted in Iraq from social insurance investments and private companies

And the Iraqi Prime Minister, Mustafa Al-Kazemi, arrived, Sunday, to the State of Kuwait, at the head of a high-ranking government delegation, to discuss many economic, political, energy and investment files

LINK

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Samson:  Foreign Relations talks about the preparations for the Baghdad Summit: It will strengthen Iraq's position in the region and the world

23rd August, 2021

The Parliamentary Foreign Relations Committee revealed, on Monday, August 23, 2021, the government's latest preparations for a conference of Iraq's neighbors and other Arab and foreign countries, at the end of this month.

Committee member Furat Al-Tamimi said, in an interview with the media, which was followed by "The Obelisk" that most of the invitations reached the leaders of the countries that will participate in the conference, and that the Ministry of Foreign Affairs and the Office of the Prime Minister are in constant contact with the security ministries, other ministries and the parties concerned with receiving the leaders and preparing the venue for the summit, as the Preparations are going as planned, adding that the success of the summit depends on the level of representation that the participating countries will contribute to the conference.

Al-Tamimi added that this conference and previous conferences contributed to strengthening Iraq's position in the region and the countries of the world, stressing that Iraq is an important country for many countries of the world due to its strategic location in the Middle East, which represents a meeting point for the conflicting countries in the region.

Iraq is preparing to host the first conference of regional neighbors at the end of August, with the aim of discussing the political and security challenges facing the countries of the region.

This conference will be the first of its kind at this level after the Arab Summit hosted by Iraq in 2012 and the tripartite summit between Iraq, Egypt and Jordan hosted by Iraq at the end of last June, which was called the New Orient Summit, a term that Al-Kazemi gave.  LINK

MilitiaMan and KTFA Members "News and Views" 8-22-2021

KTFA:

Samson:  The Governor of the Central Bank of Iraq chairs the meeting of the Supreme Committee for Financial Inclusion in Iraq

22nd August, 2021

His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mokhif, chaired the meeting of the Higher Committee for Financial Inclusion in Iraq

The attendees stressed the importance of the committee's role in spreading financial inclusion, its economic and social dimensions, and other important aspects. The need to draw an integrated vision for financial inclusion was discussed, especially since this issue is of interest to all countries, not only in Iraq, especially since its goals are multiple, foremost of which is the inclusion of all segments of society with banking services, which is no longer a secondary issue but a daily necessity.

His Excellency explained that the Central Bank of Iraq has provided the necessary infrastructure to advance the reality of financial inclusion, foremost of which is the best payment systems in the world, which represent the cornerstone of financial inclusion. After that, a presentation was presented to prepare the preparation of the national strategy for financial inclusion, which included the most prominent steps and objectives undertaken by the Central Bank of Iraq so far in order to achieve the goal sought by the framework of this committee.

The members of the committee presented their interventions on the importance of the participation of their institutions in this committee and expressed their willingness to provide support as far as promoting financial inclusion is concerned.   LINK

 ATPinfinity:  His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mokhif, chaired the meeting of the Higher Committee for Financial Inclusion in Iraq

"the Central Bank of Iraq has provided the necessary infrastructure to advance the reality of financial inclusion, foremost of which is the best payment systems in the world...

.....the most prominent steps and objectives undertaken by the Central Bank of Iraq so far...."

Speaking of Authority...this looks like a Launch-PAD TO ME

Clare:  I AGREE WITH YOU!!! .....IMO ...VERY EXCITING TIME!!!

MilitiaMan:  This seems to be a good thing, as they are re hashing the same news as they put out on the 17th of this month, just a shorter version. ~ MM

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MilitiaMan:  A REPORT FROM THE CBI "A world summation.."~ PP ~ MM

https://cbi.iq/static/uploads/up/file-162607942971064.pdf

This report is going to open some eyes around the world be sure. The cat is out of the bag. imo A few random key points.. ~ ::

- The addition of the Iraqi dinar currency in a (Buna) platform for Arab payment~ 

-- Linking the Iraqi Stock Exchange with (RTGS) systems~

-- Finding a secure reserve position for the Bank's reserve the cash of (Iraq Dinar) that received from bank note printing house and the cash of foreign currencies, that can be used in the case of emergence situations. ~

-The objectives of the current strategy were inspired by the general frameworks outlined in the
constitution in general and the central bank of Iraq law which is based on building a free market an
economy based on competition and enabling the private sector to play a fundamental role in economic
development as well as achieving price stability, enhancing the durability of the financial system and
achieving economic prosperity.~

- . The Central Bank developed mathematical models to determine the ability of the financial system to absorb the repercussions of crises and
design and implement stress testing periodically by reviewing international experiences and identifying the elements to be selected and determining capital adequacy according to Basel III requirements.~ 

-- Increasing financial inclusion indicators, which amounted to (30/9/2020) as follows:
The number of E-wallets Number of ports Number of points of sale Number of (ATM's) The number of cards Number of accounts Duration
4,381,816 61,691 11,219,367 (1,170) 3,918 12940 UP TO (30/9/2020) ~ 

-n The safety of their money, as the establishment of the Iraqi Deposit Guarantee Company was completed according to the license granted on (11/22/2020). ~

--Establishing and managing the National Switch that supports the interbank clearing of transfers made by customers and transactions that take place by using
automatic teller machines and points of sale through credit cards that are linked to the bank account.~

-- Payments via mobile phone. Funds are transferred via e-wallets without the need for a bank account. Also, transfers can be made for paying bills and shopping. The system was actually launched with banks and companies, and (9) banks were linked, as the number of banks participating in the retail payment system reached (39) banks. As for companies, the (International Network) company was linked, and the number of participating companies reached (8) companies after completion. From all administrative, technical and organizational procedures.~ 

-- The aim of automating the work of ministries and government institutions, the bank automated financial transfers between departments and state institutions
and collecting receivables through the Iraqi payment system through the electronic clearing system (C-ACH) using a payment orders (CT) instead of checks or
cash.~ 

--Conducting an assessment of the extent to which the Iraqi payment system is in compliance with international standards: The assessment of the Iraqi payment system and its compliance with international standards for financial market infrastructure was completed in cooperation with the World Bank, as part of the work on assessing the readiness of the Iraqi payment system in line with international standards (PFMIs) (Principles for Finical Market Infrastructures) to improve the payment and settlement systems in Iraq according to the agreement with them, which deals with electronic payment systems in Iraq.~

-Linking comprehensive banking systems: For the purpose of facilitating the flow of work and updating data electronically and without human intervention,
the project of linking comprehensive banking systems for banks with the two systems of the Real-Time Gross Settlement System (RTGS) and the Automated Clearing System (ACHC) has been implemented. ~

-The central bank signed banking arrangements with (JPMorgan) Bank for the purpose of investing in securities, preserving government bonds, and
establishing subsidiary accounts for banks.

-The central bank agreed with the Chinese Bank (Critic bank) within the framework agreement signed between Iraq and China.

-The central bank agreed with (Citibank) for the purpose of signing banking arrangements after opening a bank account with them for the purpose of investing
in time deposits as well as the possibility of investing in securities as well. ~ 

-The central bank signed an agreement with the Arab monetary fund to manage an investment portfolio in government bonds issued by Arab countries that
have a good rate of return and acceptable risks. ~

-The third strategic objective: Promoting digital transformation in the central bank and the banking sector In order to enhance the leading role that the central bank plays in lead to the process of financial inclusion and developing banking infrastructure and electronic payment systems, advanced
methodologies must be developed that contribute to the progress towards achieving digital transformation in the Central Bank.

And the banking sector, through the gradual transformation of the adoption of digitization and the adoption of concepts with a technical dimension based on electronic governance
in order to organize work and manage tasks, jobs and events with quality, efficiency and speed, as well as provide infrastructure for information technology and raise the level of performance through the development and improvement of this structure continuously in addition to strengthening Information security and cybersecurity tools being the primary gateway to guarding the sector from attacks, threats and cyber risks, and embarking on the adoption of modern financial technologies and developing supervisory and supervisory technologies to contribute to raising the level of response and interaction with the bank’s regulatory instructions and regulations in line with the approach of central banks by adopting the best standards and practices.`

-AND MUCH MORE.

So we can see they have been at work a long time on the project and the fruits of their labor are about to be shown to the world. This report is imo huge and to be expected at this time frame too.. ~ MM

Samson:  Political Analyst: There is great harmony in attitudes between Iraq and Kuwait

22nd August, 2021

Kuwaiti academic and political researcher Ayed Al-Manna confirmed, on Sunday, that Kuwaiti investments in Iraq will witness an escalation with the full availability of security, noting that there is great harmony in the positions between Iraq and Kuwait.  

Al-Manna stated, during a television interview, which was followed by (Al-Oula News), (August 22, 2021), that “Prime Minister Mustafa Al-Kazemi’s visit to Kuwait was quick, to invite Prince Nawaf Al-Ahmad Al-Jaber Al-Sabah, to attend the Iraq Neighborhood Conference, which will be held at the end of this month in Baghdad.”  

He added that "Kuwaiti-Iraqi relations since 2003 have improved and developed a lot. There are mutual visits and dialogues, and they overcame many of what happened on 2/8/1990, as there are Kuwaiti investments in Iraq, especially in some areas and holy shrines," explaining that "this visit comes as an invitation to countries Neighborhood to attend the conference, and it is expected in the conference to discuss many internal regional issues, especially with regard to security, terrorism and the economy, and not to interfere in the affairs of other countries.  

He pointed out that "Kuwait is peaceful and more diplomatic and does not interfere in internal affairs, and that Kuwait's presence alongside Iraq in the upcoming summit will help a lot to calm thoughts and soften some positions, it is hoped, especially the Iranian party, that it will be flexible to conduct and bridge the relationship between the Kingdom of Saudi Arabia and Iran."  

Al-Manna added, "I am certain that Kuwait plays a positive role, and that Iraq is a good mediator in this bilateral relationship between Iran and Saudi Arabia. Iraq and non-interference in its internal affairs.   And the Kuwaiti researcher stated, “In order for there to be investment, trade exchange, and a full recovery between Iraq and Kuwait, security must be available. Security is the main crucial issue.. Kuwait is safe, but Iraq still suffers from some security imbalances.. (God willing) these imbalances will be overcome, And the situation becomes completely safe, for surely then Kuwait will have investments, trade, mutual relations and openness to each other.” 

He explained that "Kuwait will play a good role in the interest of Iraq's relationship with the Gulf states... We have a philosophy in Kuwait that if your neighbors are fine, you are fine," stressing that "with the era of Prime Minister Mustafa Al-Kazemi, relations have become more capable of development."   LINK

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Samson: Revealing the outcome of the Iraqi-Kuwaiti talks

22nd August, 2021

The Kuwaiti Emiri Diwan revealed, on Sunday, the results of the round of talks between the Iraqi and Kuwaiti delegations.

A statement by the Diwan, carried by the Kuwait News Agency, stated, "Sabah Khaled Al-Hamad Al-Sabah, Prime Minister, held today, at Bayan Palace, a session of official talks with the Prime Minister of the Republic of Iraq, Mustafa Al-Kazemi."

The statement added, "The session of talks in a cordial atmosphere, during which they reviewed the strong bilateral relations between the two countries and ways to strengthen them in various fields to serve the interests of the two brotherly countries and peoples. The two sides also discussed the latest developments and regional, Arab and international issues of common interest and the two countries' positions towards them."

He continued by saying: "The talks were attended on the Kuwaiti side by Minister of Oil and Minister of Higher Education Muhammad Abdul Latif Al-Faris, Minister of Foreign Affairs and Minister of State for Cabinet Affairs Ahmad Nasser Al-Mohammed Al-Sabah, Minister of Public Works and Minister of State for Communications and Information Technology Rana Abdullah Al-Faris, Minister of Interior and head of the accompanying delegation of honor Thamer Ali Sabah Al-Salem Al-Sabah, Minister of Finance and Minister of State for Economic Affairs and Investment Khalifa Musaed Hamada, Minister of Commerce and Industry Abdullah Issa Al-Salman, Chief of the Diwan of His Highness the Prime Minister Abdulaziz Dakhil Al-Dakhil, Chief of the General Staff of the Army Lieutenant-General Sheikh Khaled Saleh Al-Sabah and senior state officials, attended by the Iraqi delegation accompanying the President Council of Ministers of the Republic of Iraq.

The Prime Minister, Sabah Khaled Al-Hamad Al-Sabah, hosted an official lunch in honor of the Prime Minister of the Republic of Iraq, Mustafa Al-Kazemi and his accompanying delegation.  LINK

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Al-Kazemi: Iraq is looking forward to establishing a joint industrial and commercial zone with Kuwait

08/22/2021 20:35:41 

The most important statement of Prime Minister Mustafa Al-Kazemi during his meeting with the Chairman of the Kuwait Chamber of Commerce and Industry, Mr. Muhammad Jassim Al-Saqr, and a large group of business and industry men:
 
🔵 Iraq is seriously seeking to facilitate intra-trade procedures with Kuwait, and raise the volume of trade exchange, which is still below the level of ambition.

🔵 We urge the Kuwaiti public and private sectors to invest in Iraq, as our country has promising investment opportunities. 

🔵 Iraq has fertile lands and an abundance of water, which gives Kuwaiti investors an opportunity in the agricultural field, whether for government or private companies; In order to achieve food security and integration between Iraq and Kuwait.

🔵 The Iraqi government worked to facilitate investment procedures, protect the rights of investors, provide all forms of support for the success of their business, and facilitate granting entry visas to Kuwaiti businessmen. Iraq had previously signed an agreement to avoid double taxation with Kuwait in 2019.

🔵 We suggested holding a conference or mutual workshops in Iraq and Kuwait, to review investment opportunities in Iraq in all sectors.

🔵 In order to enhance cooperation, we look forward to providing facilities in granting entry visas to Iraqi businessmen, to establish partnerships in the economic field with their Kuwaiti counterparts.

🔵 Iraq looks forward to establishing a joint industrial and commercial zone with Kuwait; To develop economic partnership in this field.

🔵 Iraqi-Kuwaiti cooperation in the fields of oil and energy is of great interest to us, and we look forward to developing these relations by encouraging the Kuwaiti side to expedite the implementation of the related Gulf electrical interconnection works.

Media Office of the Prime Minister   LINK

MilitiaMan "A Global Digital Transformation" Saturday Night 8-21-2021

KTFA:

Baghdad's cultural icon

President of the Association of Iraqi Private Banks Wadih Al-Handal «Economy News»

Articles Wadih Al-Handal*

The Central Bank of Iraq and the Association of Iraqi Private Banks enthusiastically responded to the generous invitation to contribute to the project for the reconstruction and development of Al-Mutanabbi Street within the framework of the "Tamkeen" initiative, which is supervised by the Central Bank of Iraq and the Baghdad Municipality is participating in its implementation.

On the first of the current month of August, the pioneers of the men in the engineering department of the Association of Private Banks, along with their counterparts in the Baghdad Municipality, set out to start implementing the project within the specified time limit of 150 days.

The Association of Private Banks, as one of the sponsors of the project and the representative of the private banks financing it, was keen from the first moment and since the project was just an idea to actively contribute in all its stages of planning and implementation until its final stages.

Al-Mutanabbi Street can be described as "Baghdad's cultural icon and its cultural center", where the book trade of all kinds and fields flourishes, and on Fridays there are cultural festivals in which hundreds of artists, intellectuals, poets, writers, journalists, university professors and academics in various disciplines participate, while the street turns into a media platform during which television interviews are held. Journalism with creators in various aspects of intellectual, cultural and scientific life represents a rare opportunity to broadcast their concerns and preoccupations and present their products and summaries of their scientific, civilized and literary experiences.

The project, whose implementation is supervised by the Municipality of Baghdad in coordination and cooperation with the Association of Private Banks “the Engineering Department” within the framework of the “Tamkeen” initiative, includes several stages of completion with specific precise timings, and vigorous follow-up, foremost of which is the removal of floors and sidewalks from the beginning of the street to the site of the Al-Mutanabbi monument overlooking the Tigris River, and the implementation of A new sewage network, paving the street and sidewalks with basalt stones, and maintenance and rehabilitation of all buildings and gates that will be controlled by electric power.

The development stages also include the work of aluminum and glass facades, the implementation of a modern underground electricity network, the removal of random wires, the work of an advanced lighting system along the street and even the monument of Al-Mutanabbi, as well as furnishing it with seating, manufacturing carts, simple kiosks, and modern kiosks for book sellers distributed on both sides of it.

And because Al-Mutanabbi Street is not an ordinary street, it needs clever engineering minds and keen entrants who know how to deal with heritage with great care and extensive knowledge, based on what this landmark represents of great importance and an influential role among intellectuals, academics and those interested in thought and heritage and the importance of the civilizational project.

The Governor of the Central Bank was accompanied by Amin Baghdad and the Executive Director of the Association of Iraqi Banks to visit the work site recently to see closely the various development plans.

The Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, also held a meeting with the President of the Association of Private Banks, Wadih Al-Handal, to discuss the mechanisms for implementing the project within the framework of the "Tamkeen" community initiative.

We eagerly look forward to the day when we celebrate the completion of the development project that will turn Al-Mutanabbi Street into a unique cultural, heritage and tourist edifice that tells the intellectual renaissance of Baghdad, and brings to mind its glorious history and its ancient glory, when it embraced the House of Wisdom, the beacon of thought that shone with its light on the world.

* President of the Association of Iraqi Private Banks

Additional data of interest:

https://blog.continentalcurrency.ca/fx101-history-money/

https://cointelegraph.com/news/circle-plans-to-become-a-full-reserve-national-digital-currency-bank

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MilitiaMan:  There comes a time when the education gets out in a manner that is culturally acceptable. There is a hierarchy in play. Starts from the top down.

Take notice in the article above that they prepared a place to teach. A place that is new, modern and automated.  It is of aluminum and glass. There is media and television. They are tools to get the higher echelons the information that they need and in return will pass along to those that are under them in status, education, authority, etc..  

If we look at what has been going on in terms of the CBI to the White Papers for reforms and that there is a project for re construction to be on going, we have a new economy now to jumpstart, to do just that.

Along side the initiative for Iraq, they are to be a part of a Global Transformation. A DIGITAL GLOBAL TRANSFORMATION. That includes many facets. One of which will be at the end. That is to introduce their currency to the likes of the list of attendees at Al-Munatabbi St in Baghdad. There is talk now that there are is an expectation for purchasing power to be exposed. 

Ask yourself, isn't their art on currency, is there not poetry, heritage, intellectualism, all related to a countries currency? Sure there is.. This article is of interest and especially now, the timing is not a coincidence.

 We all know from the final article thread that there is to be Monetary and Economic Reforms in tandem that started months ago. This PM is one to make sure everything is in order and timely put out for effect and on purpose. The help of the Central Bank and Private Banks is all a part of the implementation of the afore two reform projects. One  of which is money. 

To get to a market economy a new exchange rate will need to be exposed, just as there will be a time that they will have to share to those in the line up, what to expect and why and in what amounts and level of participation, whether physically or digitally.

The final push to completion is a sensitive one. They'll not have much time to get them on board and will need them to be informed of the REER that  (Real Effective Exchange Rate) will be assigned.

The convergence of the new notes and the exchange rate needs to be quick and imo seamless.  Down to tellers and ATM machines.

The talk of the glorious history and it's ancient glory to become again the beacon of light shown to the world is about to be exposed to the not only higher echelons, but, the citizens next, then to the world... It will also be a digitally transformed currency with all the glory of the past. imo..

Lets see what this weekend brings us.. I'lll bet there will be much to come.. imo  ~ MM

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"Great opportunities for enhancing financial services by fostering the use of DLT/ Blockchain Technologies in Arab Countries Guidelines and roadmap on how to embrace these technologies in the financial sector, how to employ it properly and the related requirements" LINK

Some "Wednesday News" Posted by Samson at KTFA 8-18-2021

KTFA:

Samson:  The Arab Monetary Fund publishes the "Strategies for adopting DLT/Blockchain Technologies in Arab Countries"

18th August, 2021

Great opportunities for enhancing financial services by fostering the use of DLT/ Blockchain Technologies in Arab Countries

Guidelines and roadmap on how to embrace these technologies in the financial sector, how to employ it properly and the related requirements

The Arab Monetary Fund (AMF) issued today Tuesday, August 17, 2021, Policy Guide on “Strategies for Adopting DLT/ Blockchain Technologies in Arab Countries” prepared by the Arab Regional Fintech Working Group (WG), which AMF has its technical secretariat. The guide is being issued in the framework of the Fund's endeavours to promote awareness of the requirements for developing Fintech industry and supporting digital financial transformation efforts in Arab countries.

The guide aims to provide policy directions on how to adopt these technologies in the financial sector, how to employ them properly, the related pre-requisites; thereby improving the efficiency of financial and banking services and enhancing support for digital financial transformation and financial inclusion efforts.

The guide elaborates on the various types of Distributed Ledger Technologies (DLT) and blockchain, clarifies common myths and misconceptions about them, highlights their governance methodologies, and the initiatives of different countries in adopting these technologies and how to formulate national strategies.

The guide also addresses Distributed Ledger Technologies (DLT) and blockchain applications in the financial sector, and how to overcome the implementation challenges.  

In this regard, the guide provides multiple sets of recommendations and roadmap with a range of action plans and considerations when these technologies are applied at the local level. These policy recommendations include formulating strategies to employ DLT and blockchain at the national level, taking into account different models for blockchain governance, building standards for technical solutions using DLT and blockchain, the shared interoperable blockchain system, the integration with legacy system, developing capacity and building awareness, as well as partnership with the private sector.

The recommendations highlight the need for integration with other services, for example smart contracts, digital signature, key custody and security solutions, in addition to the integration with other technologies such as artificial intelligence, big data and the Internet of Things. These would also include aspects of cost analysis, prioritizing leading use cases at the national level, and operationalizing the regulatory and supervisory tools embedded on blockchain networks.

Finally, the guide includes an evaluation matrix to follow up the progress in adopting these techniques, including several indicators. These indicators address respective aspects of building an ecosystem for distributed ledger and blockchain technologies, including indicators of organizational, technical, research, user engagement, and industry indicators.

The guide was prepared and reviewed by representatives of Arab Central Banks, the Arab Monetary Fund (AMF), the Egypt Post, the Islamic Development Bank Group (IsDB), the World Bank Group (WBG) and Karam Legal Consultants members of the Arab Regional Fintech WG, as well as experts from the Organization for Economic Cooperation and Development (OECD), and the World Economic Forum (WEF).

In this context, His Excellency Dr. Abdulrahman Al-Hamidy, Director General Chairman of the Board of Arab Monetary Fund, noted with appreciations the initiatives of the Arab Reginal Fintech Working Group in issuing guidelines providing advice to the relevant authorities in the areas of Fintech, strengthening digital financial services, and supporting innovations and access to formal financial services. H.E referred to the great opportunities offered by promoting the use of DLT and blockchain in the financial services. He added his wishes that the guide would contribute to raise awareness of deploying such technologies. 

Finally, he noted with appreciations the ongoing cooperation of the Arab Reginal Fintech Working Group with international institutions, research centers and universities.  

You can download the report by clicking on the following link   LINK

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Samson:  Kurdistan Region suspends official working hours next Thursday

17th August, 2021

Today, Tuesday, the Kurdistan Regional Government decided to suspend the official working hours next Thursday.

A source I followed (Al-Oula News) said, "The Kurdistan Regional Government has decided to suspend the official working hours in all its official departments next Thursday on the occasion of Ashura."

It is noteworthy that a number of Iraqi provinces, including the holy Karbala and Najaf, decided today, Tuesday, to suspend official working hours tomorrow, Wednesday, and the day after tomorrow, Thursday, on the occasion of Tasua and Ashura.   LINK

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Samson:  The Iraqi Stock Exchange will stop trading on Thursday

18th August, 2021

The Iraq Stock Exchange announced, on Wednesday, that it will stop its activity tomorrow, Thursday, due to an official holiday.

The market said in a statement received by Shafaq News Agency, that "based on the decision of the Council of Ministers to declare an official holiday on Thursday, due to the presence of a religious occasion, it will not organize the trading session for shares for that day."

The market added that "it will start its activity after the official holiday and starting next Sunday, according to its official timings."

It is noteworthy that the Iraq Stock Exchange (the Iraqi Stock Exchange) organizes five trading sessions a week from Sunday to Thursday, and includes 103 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels.

LINK

Samson:  World Bank: Iraq burns more than 17 billion cubic meters of gas annually

17th August, 2021

According to the latest data of the World Bank, Iraq burns more than seventeen billion cubic meters of gas annually, ranking second after Russia, and the emissions equivalent to carbon dioxide emitted are equivalent to about ten percent of total global emissions.

The Minister of Environment and Agency Jassem Al-Falahi said in a statement that the government is taking a serious step towards the use of renewable energies, according to what was stated in the economic reform paper, in which the optimum use of these energies was encouraged, noting that the Prime Minister paid great attention to the environmental sector in light of the growing problem of climate change. 

During its participation in the International Conference on Climate Change at the end of this year in Britain, Iraq is heading to announce its accession to the Environmentally Friendly Economy Initiative, which provides for reducing the use of oil for energy and using renewable energies and agricultural, industrial and tourism fields as diverse sources of income.   LINK

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Samson:  Parliamentary Foreign Ministry: The Baghdad summit must come out with an international charter that preserves the sovereignty and rights of Iraq

17th August, 2021
On Tuesday, a member of the Parliamentary Foreign Relations Committee, Nahida Al-Daini, called for the conclusion of a long-term international charter that guarantees Iraq's economic rights with neighboring countries and preserves security sovereignty during the Baghdad summit, which will be held at the end of this month.

Al-Daini said that “the Baghdad summit should be a door for Iraq to get out of the cloaks of security interference and external domination of the local economy and control of the private sector and its management in accordance with the interests of neighboring countries,” stressing “the inclusion of the regional water file, and the conclusion of a long-term agreement that guarantees Iraq’s water rights on the riparian rivers.” Sharing the damages of drought and water scarcity in accordance with international norms.

Al-Dini called on the Iraqi government and the countries participating in the conference to “save Iraq and get it out of the grip of external security interventions and violations of sovereignty in several border areas and to oblige neighboring countries to participate in the fight against terrorism and prevent the infiltration of terrorist groups in order to preserve common international interests.”

And he expressed his hope that "the Baghdad summit will be a new page of strong relations with neighboring countries in a way that guarantees the interests of Iraq and frees it from the economic and political problems that have accumulated for many years."

Iraq is preparing to hold the Baghdad summit at the end of this month, with the participation of neighboring countries and a number of major countries, to discuss and address security and economic problems.   LINK

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Samson:  Turkey builds border wall with Iran

17th August, 2021

In recent days, Turkey has begun building a 243-kilometer border wall with Iran to stop the flow of Afghan immigrants.

Agence France-Presse in Arabic said on its account in Twitter" that "Ankara in recent days, it has accelerated the construction of a border wall with Iran, which is scheduled to be 243 kilometers long.

"This wall aims to stop the flow of Afghan migrants who have been entering for months," she said.Turkey across its eastern border.    LINK

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Samson:  An attack targeting a convoy of the International Coalition north of Baghdad

17th August, 2021

A security source reported, on Tuesday, that a convoy of support for the International Coalition was targeted by an explosion north of the capital, Baghdad.

The source told Shafaq News Agency, that an explosive device was planted on the side of the road north of Baghdad, and it exploded this afternoon as a logistical convoy of the international coalition passed. He pointed out that the explosion did not result in any casualties.

Yesterday evening, Monday, a security source told Shafaq News Agency, "An explosive device exploded targeting a logistical support convoy of the International Coalition while it was passing within the southern borders of Baghdad, without injuries." 

Hours later, another security source told Shafaq News Agency, "An explosive device targeted a convoy of logistical support near the Sabba field bridge, south of Nasiriyah, the center of Dhi Qar governorate."

LINK

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Samson:  Severe imprisonment sentences two employees for embezzling 6 billion dinars

18th August, 2021

The Supreme Judicial Council reported, on Wednesday, the issuance of four sentences of severe imprisonment for two years for two employees of the Ministry of Health after they were convicted of embezzlement of more than six billion dinars.

The council said in a statement received by Shafaq News Agency, "The Rusafa Criminal Court, which is specialized in integrity issues in the presidency of the Baghdad Rusafa Federal Appeal Court, issued four sentences of severe imprisonment for two years to two employees of the Ministry of Health for embezzling more than six billion Iraqi dinars by disbursing salaries for protections." They are fictitious who are not contracting with the Ministry of the Interior, as they are members of the committee to receive the salaries of the protection of the Ministry of Health."

He added that "the court obligated the convicts to pay the embezzled amount in favor of the Ministries of Health and the Interior, in accordance with the provisions of Article 321 of the Penal Code."

The statement indicated that "the court found the evidence obtained sufficient and convincing to convict the accused in accordance with the provisions of Article 315 / Part Two of the Penal Code and in the meaning of Articles 47, 48 and 49 of it."  LINK

Some "Tuesday News" Posted by Samson 8-17-2021

KTFA:

Samson:  40 billion dollars are smuggled from Iraq annually... How and where does it go?

16th August, 2021

Representative Riyadh Al-Masoudi said that approximately 40 billion dollars are smuggled from Iraq annually to several countries, including Arab countries.

Al-Masoudi said that "all Iraqi official reports confirm that Iraq's need for goods and services annually ranges between 15-20 billion dollars, but the dollar sold in the currency auction (for the purpose of importing from abroad), ranges between 60-70 billion dollars, meaning that there are about 40 One billion dollars is outside the actual needs of the Iraqi markets.”

He added, "These money surplus to the markets' need for foreign goods (which the Central Bank sells on this basis), is smuggled to Turkey, Iran, Jordan, the UAE, Egypt, America, Europe and other countries, and is invested there in real estate and assets."

He continued, "This matter has been repeated for many years, and there is a need for unconventional measures, without there being a media side in attempts to combat corruption," saying that "some corrupt people call for combating it, but they are in fact the basis of the problem."

Official and unofficial reports estimate that about 150 billion dollars of Iraqi public funds were smuggled out of Iraq after 2003, and while the President of the Republic, Barham Salih, presented a draft law to restore these funds to Parliament last May, deputies and experts say that there are many obstacles standing in the way. without getting the stolen money back.  LINK

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Samson:  Economist: Iraq is poised to be among the G-20

16th August, 2021

Deputy Chairman of the Parliamentary Program Implementation and Strategic Planning Committee, Muhammad Al-Baldawi, confirmed on Sunday that there is an Iraqi will to implement the Chinese agreement and complete the Faw port and the dry canal, but it is hampered by American restrictions and pressures.

Al-Baldawi pointed out that "in the event of the completion of the port and dry canal project and the implementation of all Chinese agreements, the oil resources of the treasury will be secondary

Are there obstacles placed by Washington in the way of implementing this agreement?

On this subject, the guest of the “Where is the Truth” program on Radio “Sputnik”, the economist Dr. Safwan Qusay says

"The Iraqi government is continuing to implement the Iraqi-Chinese agreement, but under the supervision of the US Treasury Department in terms of project financing sources and how the money is spent, and therefore there are no real concerns about the implementation of this agreement

And Qusay continued by saying: "The Iraqi Prime Minister, during his visit to Washington, raised the issue of justice in distributing opportunities between Chinese and American companies, given that American companies also want to work in Iraq in the same way that Chinese companies operate. The issue is not an obstacle as much as it is sharing opportunities."

Qusay added, "Iraq has achieved an advanced classification in terms of available resources, and its geographical location is one of these resources. Iraq is seeking to diversify its economy and not rely on oil. Iraq is poised to raise its economic strength to be within the scope of the twenty largest countries

LINK

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Samson:  OPEC + does not respond to US pressure to increase oil production

17th August, 2021

Reuters quoted 4 sources as saying that the Organization of the Petroleum Exporting Countries and its allies, including Russia, believe that "the oil markets do not need to pump more", contrary to what they plan to pump in the coming months, despite US pressure to provide more crude to stop the rise in oil prices

One of the four sources stated: "I don't think there is a need (for additional oil beyond what is already planned)

Last week, the administration of US President Joe Biden urged OPEC and its allies, "OPEC +", to increase oil production to counter the rise in gasoline prices, which it sees as a threat to the global economic recovery and “OPEC +” agreed in July to increase production by 400,000 barrels per day, starting in August, until its current production cuts of 5.8 million barrels per day were gradually phased out

But despite that, oil prices fell more than 1 percent on Monday, falling for a third session, after official data showed a slowdown in refining productivity and economic activity in China, in an indication that the new outbreak of Covid-19 is affecting the second largest economy in the world. Brent crude fell 90 cents, or 1.3 percent, to $69.69 a barrel by 06:49 GMT. US crude fell 97 cents, or 1.4 percent, to $67.47 a barrel

The data showed growth in China's factory production and retail sales slowed significantly in July, contrary to expectations as a new outbreak of Covid-19 and a wave of floods disrupted business activity. "Weaker oil futures is likely to be a result of weaker-than-expected growth data in China, a major oil consumer," said Kelvin Wong, market analyst at CMC Markets in Singapore

Crude oil refining in China fell last month to the lowest level on a daily basis since May 2020, as independent refineries cut production amid cutting quotas, rising inventories and declining profits. China is the largest importer of oil in the world

In Japan, the fourth largest importer of crude oil in the world, many analysts expect modest economic growth in the current quarter, as household spending was affected by the renewal of work restrictions aimed at containing Corona injuries  LINK

Samson:  Will Central Bank Digital Currencies Be the End of Dollar Dominance?

15th August, 2021 by Barry Eichengreen

August 13-15 will mark the fiftieth anniversary of the “weekend that changed the world,” when US President Richard Nixon suspended the convertibility of the dollar into fixed-rate gold and brought down the Bretton Woods international monetary system. 

The following half century brought many surprises. From a monetary perspective, one of the greatest surprises has been the continued dominance of the dollar as a tool for cross-border transactions.

Under the Bretton Woods system, the dollar's supremacy was easily explainable. America's financial position at the time of its exit from World War II was fortified. At that time, changes in the price at which the dollar could turn into gold were unimaginable, first because of this financial strength and then, with America's weak monetary position, because of the possibility of a currency devaluation creating expectations of another devaluation.

Many thought that Nixon's move would reduce the dollar's international role. With a currency as fluctuating as any other currency, it would be very dangerous for banks, companies and governments to put all their eggs in the dollar basket. Thus, you will have to diversify by holding larger amounts of reserves and making more transactions in other currencies.

Now, it is clear why this did not happen. The dollar had the advantage of necessity: because customers and suppliers also used the dollar, it became impossible to switch to alternatives. Moreover, the alternatives were - and still are - unattractive.

As for the euro, there is a shortage of premium government bonds (AAA) denominated in euros that central banks can hold as reserves. Thus, these authorities are reluctant to allow those they regulate to do business in euros, because they cannot lend the currency to banks and companies that need loans. China's capital controls are complicating the international use of the renminbi, as well as well-founded concerns that Chinese President Xi Jinping may suddenly change access rules. The currencies of smaller economies lack the scale to move huge amounts of transactions across borders.

Some observers say the issuance of digital currencies by central banks would change the status quo. In this brave new digital world, it will be as easy to use any national currency for cross-border payments as any other. This would not only erode the dollar's hegemony, according to this argument, but also significantly reduce transaction costs.

In fact, this conclusion is not necessarily correct. Let's imagine here that South Korea issues a centralized "retail" digital currency that individuals can hold in digital wallets and use for transactions. In this case, an exporter of coffee from Colombia to South Korea could get paid in Korean digital currency, assuming that non-residents are naturally allowed to download a Korean wallet. But the Colombian exporter will still need someone to convert the Korean won (won) into something more useful. And if that person is a correspondent bank with offices or accounts in New York, and if that thing is the most useful thing in dollars, then we're back where we started.

Alternatively, the central banks of Colombia and Korea could issue a “wholesale” digital central currency. Each will transfer the digital currency to local commercial banks, which will in turn deposit it into customer accounts. Now, the Colombian exporter ends up having a credit balance in a South Korean bank rather than a South Korean wallet – assuming that this time non-residents are allowed to get a reporter to convert that digital balance into dollars and then into pesos in order to get something to use.

The rules of the game may change if the central digital currency is interoperable. At this point, the South Korean payee asks his bank for a balloon-denominated deposit receipt, thereby repaying an equivalent amount in the central digital currency into the payer's account. The deposit receipt is then transferred to a dedicated international 'corridor', where it can be exchanged for a pesos deposit receipt at the best rate offered by the merchants authorized to operate there. Finally, the Colombian payee's account is credited with a corresponding amount of digital pesos, and the deposit receipt is thus paid. The transaction is then completed in real time at a fraction of the current cost without involving the dollar or correspondent banks in the matter.

Unfortunately, the conditions for doing such work are enormous. The two central banks must agree on a unified architecture for their digital corridor and jointly manage their operations. The two banks will have to issue a license and regulate the work of traders who keep stocks of currency and deposit receipts to ensure that the exchange rate inside the corridor does not differ from the rate outside. They must also agree on who will provide emergency liquidity, and in return for any guarantees, in the event of a serious failure in the system.

In a world of 200 currencies, arrangements of this kind require the conclusion of 200 approved bilateral agreements, and this is clearly not feasible. The availability of corridors for a large number of countries, though sometimes conceivable, requires more detailed rules and governance arrangements than those of the World Trade Organization and the International Monetary Fund. It is clear that this will not happen.

The reality is that centralized cryptocurrencies are coming soon. But it will not change the face of international payments. It will not remove the dollar from its throne.

Barry Eichengreen is professor of economics at the University of California at Berkeley and a former chief policy advisor at the International Monetary Fund. LINK

KTFA Monday Night CC "Key Words Are Everywhere!" 8-16-2021

KTFA Monday Night CC

8-16-21……..KEYWORDS EVERYWHERE !!!

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

Franks Team is Walkingstick, Petra, MilitiaMan and Eddie from 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=DqC11ClRWTU

MilitiaMan and KTFA Members "GOLD-N" Monday 8-16-2021

KTFA:

Samson:  Parliamentary Finance: The exchange rate will remain the same for the next five years

15th August, 2021

Today, Sunday, the Parliamentary Finance Committee determined that the exchange rate will remain at its current status, while indicating that raising the exchange rate aims to achieve three main factors.
The next period for the next five years is based on a description that the real value of the Iraqi dinar is determined by the exchange of the dollar against the dinar in addition to the purchasing power of the Iraqi dinar and the net goods and services produced during a certain period.

He continued, "The government is firm in achieving its goal by defining three main goals: the first is financial, which is to reduce the deficit in the public budget, the second goal is a monetary goal by increasing reserves, and the third goal is to increase the competitiveness currently produced within the country towards other goods exported from neighboring countries, and this the main goal that the government seeks by filling the budget deficit.”

He pointed out that “decreasing the value of the dinar increased the competitiveness of the Iraqi price on the description that goods that come from abroad, especially Turkey, Iran, Syria, Saudi Arabia and Jordan, benefit from the strength of the Iraqi dinar against the dollar because the dollar currency is a global currency, and when the dollar exchange rate is raised, the competitiveness of goods will rise and fall.” Because it reduces Iraqi exports from abroad.”

And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar.   LINK

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Samson:  Parliamentary Finance: Al-Kazemi’s government seeks to enhance the purchasing power of the dinar in the market

15th August, 2021

The Parliamentary Finance Committee expected, on Sunday, August 15, 2021, that the exchange rate would remain at its current status, while indicating that raising the exchange rate aims to achieve three main factors.

Committee member Naji al-Saidi said in a statement received by "The Obelisk" that the exchange rate will maintain its position during the next period for the next five years, describing that the real value of the Iraqi dinar is determined through the exchange of the dollar against the dinar in addition to the purchasing power of the Iraqi dinar and the resulting net goods and services during a certain period.

Al-Kazemi’s government is working to reduce the deficit in the general budget and increase cash reserves, while plans are employed to support local products in front of imported goods from countries.

He pointed out that decreasing the value of the dinar increased the competitiveness of the Iraqi price, describing that goods that come from abroad, especially Turkey, Iran, Syria, Saudi Arabia and Jordan, benefit from the strength of the Iraqi dinar against the dollar because the dollar currency is a global currency, and when the dollar exchange rate is raised, the competitiveness of goods will rise and fall because it is less Iraqi exports from abroad.

And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar.

Poverty indicators in the country increased to 27 percent due to the increase in price hikes, according to the Ministry of Planning. The prices of goods, especially foodstuffs, rose due to the rise in the exchange rate of the dollar.

The main reason for the continued rise in the dollar exchange rate is the lack of real government control over the Iraqi market, as well as the work of private banks and exchanges, which manipulate prices according to their interest without any oversight or accountability.

Observers believe that the currency auction did not decrease in its sales, nor did the poor class improve its living conditions, and most importantly, it left an important segment of society under the burden of poverty, namely the employees and retirees.

The monthly income of employees and retirees declined as a result of the change in the exchange rate on the one hand, and on the other hand, the increase in the prices of goods, medicines and basic commodities in the local markets.   LINK

MilitiaMan:  The currency will maintain is position (value) for the next five years!

That means after they change the exchange rate that it will maintain it's position.

They are not telling us they intend to go into a market economy with a program rate of 1460. That is not what the WPs are telling us. They are geared to go into a market economy and give purchasing power.

They have given us ample support for that. Here they clearly spell it out. imo..

We are in this period of program rate the next period is different. They told us they are going to be a direct float or managed, hence, it will not change much over that five year period..

I hope everyone see that now.. imo It is GOLD-N.. Oh ya.. ~ MM  

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ATPInfinity:  IMO GOLD-N GOOSE?

The next period... the next five years... based on...... the real value of the Iraqi dinar ....determined exchange of the dollar against the dinar in addition to the purchasing power of the Iraqi dinar and the net goods and services produced during a certain period.

THE LYRICS OF:MUSIC TO MY EARS.... "THE NEXT FIVE YEARS...purchasing power"

"....the next five years...the real value of the Iraqi dinar..determined...
dollar against the dinar...purchasing power....goods and services produced..."

"....the next five years...the real value of the Iraqi dinar..determined...
dollar against the dinar...purchasing power....goods and services produced..."

"....the next five years...the real value of the Iraqi dinar..determined...
dollar against the dinar...purchasing power....goods and services produced..."

"....the next five years...the real value of the Iraqi dinar..determined...
dollar against the dinar...purchasing power....goods and services produced..."

"....the next five years...the real value of the Iraqi dinar..determined...
dollar against the dinar...purchasing power....goods and services produced..."

STARTING NOW!!!!!!!!!!!!!!!  Thank you MilitiaMan....NOW CAME BEFORE NEXT!!!!!!!!

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Samson:  Finance Minister: The government has put the economic reality on the right track

16th August, 2021

The head of the Iraqi-Saudi Coordination Council, Minister of Finance, Ali Abdul Amir Allawi, confirmed that the Iraqi government has put the economic reality on the right track through the white paper.

Allawi said during the (Iraqi-Saudi Joint Business Council) in a statement of the General Secretariat of the Council of Ministers received by "Al-Iqtisad News", that "the Iraqi government aimed, through the white paper, to put the economic reality on a path that allows the state to take appropriate steps to develop it into a dynamic economy." Diverse, creating real opportunities for a decent life for citizens.

He added, "The council aims to support and strengthen economic relations, and increase the volume of business between the Republic of Iraq and the Kingdom  of Saudi Arabia, and based on the desire and need of both sides, the Joint Businessmen Council was formed, which will ensure the growth of existing cooperation and increase interaction between representatives of the economic business sector, in order to Activating the volume of commercial, industrial and investment transactions.

For his part, the National Coordinator of the Council, Secretary-General of the Council of Ministers, Hamid Naim Al-Ghazi, explained that "the Iraqi government has adopted a policy of opening prospects for cooperation in the Arab and international environments, in all fields, and has placed it among its priorities in its ministerial program, in order to advance the economic reality. The commercial, industrial and agricultural sectors of Iraq. 

The agenda of the Council witnessed a democratic practice of electing a president and two deputies to the Business Council, as well as a presentation and discussion of the projects proposed by the members of the Council.   LINK