Some "Thursday News" Posted by Samson 12-9-2021
.KTFA:
Samson: Parliamentary movement to legislate a law on the distribution of wealth to the people
8th December, 2021
Wednesday, members of the House of Representatives demanded the enactment of a law that guarantees a fair distribution of wealth between governorates and citizens.
Representative Haider Al-Shamkhi said in a press statement, "We started with the specialists to prepare a legislation that guarantees a fair distribution of wealth between governorates and citizens and gives equal opportunities to all."
He added that "Article 30 of the permanent Iraqi constitution guaranteed equal opportunities for all, and Article 111 confirmed that wealth, especially oil and gas, belongs to all the Iraqi people in all regions and governorates."
KTFA:
Samson: Parliamentary movement to legislate a law on the distribution of wealth to the people
8th December, 2021
Wednesday, members of the House of Representatives demanded the enactment of a law that guarantees a fair distribution of wealth between governorates and citizens.
Representative Haider Al-Shamkhi said in a press statement, "We started with the specialists to prepare a legislation that guarantees a fair distribution of wealth between governorates and citizens and gives equal opportunities to all."
He added that "Article 30 of the permanent Iraqi constitution guaranteed equal opportunities for all, and Article 111 confirmed that wealth, especially oil and gas, belongs to all the Iraqi people in all regions and governorates."
He continued, "From this point of view, after these discussions, we will proceed, when the parliament sessions are held, to legislate the law (redistributing wealth to the people)."
And he indicated that "in previous years and budgets, wealth was not equitably distributed between governorates and citizens." LINK
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Samson: Washington stops the automatic deduction from Iraqi oil revenues to compensate Kuwait
The Chairman of the Committee of Financial Experts, Abdul Basit Turki, revealed today, Thursday, that the US Federal Reserve has stopped the automatic deduction from Iraqi oil revenues in favor of Kuwait’s compensation.
Turki said in an interview with Alsumaria News, “The Committee of Experts received a notification from the Central Bank of Iraq and the Compensation Committee, stating that the US Federal Reserve had stopped the deduction,” noting that “a final batch of Kuwait’s compensation amounting to 43 million dollars will be paid through the Central Bank of Iraq as a payment. One for Iraq to end these compensations in full, which amount to 52.38 billion dollars.
And he indicated that Iraq should seek to get out of the provisions of Chapter VII of the UN Charter.
Turki called for "the Ministry of Foreign Affairs and the concerned authorities to move to urge the formulation of a draft resolution that includes removing Iraq from the provisions of Chapter VII of the Charter of the United Nations completely."
The Iraqi government intends to pay the last batch of compensation for the Kuwait war, before the end of this year, after depositing, the day before yesterday (Tuesday), more than 207 million US dollars, in the compensation account with the US Federal Reserve, to end the compensation file completely. LINK
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Samson: The Arab Monetary Fund, the Financial Stability Institute and the Basel Committee on Banking Supervision are organizing the 16th annual high-level meeting on "The Global Banking System in the Post-Coronavirus Crisis"
9th December, 2021
9-8 December 2021, Abu Dhabi - United Arab Emirates
Challenges facing the post-pandemic banking system
Lessons learned from the crisis and the priorities of post-pandemic supervisory authorities
Opportunities offered by modern technologies and the role of supervisory authorities in promoting financial stability
Requirements for developing crisis management framework and tools and stress tests
Priorities of the Basel Committee on Post-Pandemic Banking Supervision
Banking supervision trends at the current stage in the Arab countries
The Arab Monetary Fund, the Financial Stability Institute of the Bank for International Settlements, and the Basel Committee on Banking Supervision are organizing the 16th annual high-level meeting on global banking standards and supervisory and supervisory priorities, which will be held “from a distance” under the slogan of the global banking system in the post-Corona crisis, in the presence of a number of Excellencies, Governors of Arab Central Banks and Monetary Institutions
The opening session will be attended by His Excellency Dr. Abdul Rahman bin Abdullah Al Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Mr. Fernando Ristoi, President of the Institute for Financial Stability, and Ms. Alessandra Pirazelli, Deputy Governor of the Bank of Italy.
A number of their Excellencies, Governors of Arab Central Banks, will speak at the meeting. Senior officials concerned with issues of financial stability and banking supervision from Arab central banks and monetary institutions, as well as high-level representatives of the most prominent banks operating in the Arab region, will also participate in it
A number of international institutions will also participate in the meeting, led by the Bank for International Settlements, the Financial Stability Board, the Basel Committee on Banking Supervision, the International Federation of Deposit Insurance Institutions, the European Commission, and the Australian Prudential Authority
The meeting addresses the challenges facing the banking sector in light of the repercussions of the Corona pandemic, the lessons learned from the crisis, the priorities for the supervisory authorities at this stage, and how to take advantage of modern financial technologies to support digital transformation and enhance financial stability in the post-pandemic stage.
The meeting will also discuss the extent of the need to review crisis management frameworks and policies and recovery plans, and the required amendments to stress testing applications and deposit insurance systems and institutions, with the aim of reducing risks arising from economic and financial crises
The meeting also addresses the priorities of the Basel Committee's work for the post-Coronavirus crisis, in addition to discussing aspects of enhancing the resilience of the financial sector through optimal preparation for possible upcoming crises.
The meeting’s discussions also cover an assessment of the response of central banks in applying precautionary policies to mitigate the repercussions of the pandemic on the banking sector, and the views of these banks regarding appropriate tools in light of the new situation of the post-crisis banking system
On this occasion, His Excellency Dr. Abdul Rahman bin Abdullah Al Hamidi, Director General and Chairman of the Board of Directors of the Arab Monetary Fund, expressed his happiness at the importance of the meeting for policy makers and decision makers in central banks, financial and banking institutions and risk managers in the Arab region, as an annual forum to follow up on developments in legislation regulatory and financial stability issues, stressing his aspiration for the meeting to contribute to enhancing awareness of many aspects and issues related to strengthening and developing financial and banking regulatory legislation in the Arab countries in the post-pandemic stage, and thus benefiting from the participation of distinguished high expertise in the meeting.
His Excellency also renewed his wishes that God would protect our Arab countries and all countries of the world from the Corona pandemic, and that the repercussions of the crisis would be contained quickly LINK
Samson: Culture completes its preparations to celebrate the centenary of the Iraqi state and announces its curriculum
9th December, 2021
Today, Thursday, the Ministry of Culture, Tourism and Antiquities announced the completion of its preparations for the central celebration of the centenary of the Iraqi state
The ministry said in a statement received by the Iraqi News Agency (INA): "The celebration of the centenary of the Iraqi state will include several events, including the screening of a film on the centenary produced by the Iraqi Media Network, and performances by the National Symphony Orchestra led by Maestro Muhammad Amin, Maestro Karim Wasfi, and the National Heritage Band. The Iraqi musician led by Maestro Alaa Majid, a poem by the great poet Kazem Al-Hajjaj, a performance of the Iraqi Fashion House, a chant (Peace be upon the hills of Iraq), a performance scene, and a national ballet painting for the children of the School of Music and Ballet
He added, "The Minister of Culture, Tourism and Antiquities, Hassan Nazim, directed the intensification of preparations to present a comprehensive ceremony worthy of Iraq's civilized and cultural reputation
The statement continued, "The Ministry of Culture, Tourism and Antiquities launched the slogan of the centenary of the Iraqi state in conjunction with the preparations to celebrate this occasion, which was decided to be on August 23, 1921, the day that practically dates the beginning of a new state after the eternal revolution of the Iraqi people (the revolution of the twentieth) against the British occupation, which He ended the rule of the Ottoman Empire over Iraq LINK
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Samson: : Economist: Two Parties Benefit The Most From Changing The Exchange Rate
The economic expert, Manar Al-Obaidi, stated, on Thursday, that companies and banks are the biggest beneficiaries of the exchange rate change that took place at the beginning of this year.
Al-Obaidi said, in a post on his Facebook page, which was followed by the “Information” agency, “At the beginning of 2021, the exchange rate of the dinar against the dollar was changed, and one of the goals was to reduce the differences between the official exchange rate and the exchange rate in the local market.”
He added, "Depending on the data of the Central Bank of Iraq, the value of sales in central dollars from the beginning of 2021 until October 2021 amounted to about 29 billion US dollars, a decrease of 20% compared to 2020 and by 31% compared to 2019, but it is still higher than the sales of the Central Bank for the year 2016 which amounted to $26.5 billion.
He pointed out that "the percentage of differences between the central exchange rate and the exchange rate in the local market amounted to 1.82%, and the value of the differences until October of this year amounted to 526 million US dollars, a decrease of 52% compared to 2020, where the value of the differences was 1.11 billion US dollars, but the differences increased." Compared to 2019, by 13%, where the value of the differences was 464 million US dollars.”
He continued, "The year 2015 was the highest in differences, as it amounted to 2.6 billion US dollars at the time, or 7.41% of the total sales. Therefore, reaching 1.82% is considered an achievement in reducing the value of the differences significantly."
He considered that "these differences made profits for many banks and companies that benefited from these amounts, especially in the years (2015, 2016 and 2017), where the percentage of differences exceeded 7%."
He pointed out that "the total differences between 2010 and 2021 amounted to more than 18 billion US dollars, representing 4% of the total sales of the Central Bank, which amounted to 450 billion US dollars.
KTFA Thursday Night CC "Let my People and My Currency Go Free" 12-9-2021
.KTFA
KTFA Thursday Night CC
12-9-21…….LET MY PEOPLE AND MY CURRENCY GO FREE
This video is in Frank’s and his team’s opinion only
Frank’s 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
KTFA
KTFA Thursday Night CC
Frank26: 12-9-21…….LET MY PEOPLE AND MY CURRENCY GO FREE
This video is in Frank’s and his team’s opinion only
Frank’s 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
Petra and Samson "This Truly Is ...ANY DAY!!!" 12-9-2021
.KTFA:
Samson: Economist on the 2022 budget : It will address the fiscal deficit and debts owed by Iraq
8th December, 2021
The economic expert, Safwan Qusay, confirmed Wednesday, that the country's general budget for the year 2022 will free Iraq from many debts, as well as addressing the financial deficit.
Qusay said, in an interview with "today news", that "it is expected that next year's budget will reach the limits of 90 billion dinars," noting that "the value of this budget will cover the financial deficit and debts owed by Iraq, in addition to securing the salaries of employees in full."
He explained that "3% of Iraq's oil imports will be released as a result of the zeroing of Kuwait's debts, as well as the zeroing of the deficit during the past year, in addition to recycling part of the surplus for the next year," noting that "the benefits of the oil-producing governorates will reach them in full with the completion of the next year's budget." LINK
KTFA:
Samson: Economist on the 2022 budget : It will address the fiscal deficit and debts owed by Iraq
8th December, 2021
The economic expert, Safwan Qusay, confirmed Wednesday, that the country's general budget for the year 2022 will free Iraq from many debts, as well as addressing the financial deficit.
Qusay said, in an interview with "today news", that "it is expected that next year's budget will reach the limits of 90 billion dinars," noting that "the value of this budget will cover the financial deficit and debts owed by Iraq, in addition to securing the salaries of employees in full."
He explained that "3% of Iraq's oil imports will be released as a result of the zeroing of Kuwait's debts, as well as the zeroing of the deficit during the past year, in addition to recycling part of the surplus for the next year," noting that "the benefits of the oil-producing governorates will reach them in full with the completion of the next year's budget." LINK
Petra: Samson....your AMAZING!!! How you find all this is beyond me! But thank you....if I may opine on this incredible article:
Talk about a potential "strategic" leak this article says MANY things....
1. Quote: Qusay said, in an interview with "today news", that "it is expected that next year's budget will reach the limits of 90 billion dinars,"
Petra: Well wait a second...I thought they did all the calculations in "TRILLIONS". I checked the translation...it indeed says "Billions". Has something changed? Now check this out:
2. Quote: "the value of this budget will cover the financial deficit and debts owed by Iraq, in addition to securing the salaries of employees in full."
Petra: Are we seeing a country now able to provide for themselves and stand on their own two feet? This can only happen when the country is "sovereign" and working under Article 8 of the IMF and "FULLY" international to allow for secondary market integration and infrastructure expansion!!
Folks, these are not Typo's!!! Their words...and strategically given out by this gentleman IMO. OK, we move on:
3. Quote: "3% of Iraq's oil imports will be released as a result of the zeroing of Kuwait's debts, as well as the zeroing of the deficit during the past year, in addition to recycling part of the surplus for the next year," noting that "the benefits of the oil-producing governorates will reach them in full with the completion of the next year's budget."
Petra: Well folks...this is even a more exciting highlight for the Iraqi people!!! ZEROING of Kuwait's debts as well as ALL DEFECITS of 2021 AND the budget will have extra that they will roll over to the next year!!!!!!
So you have to ask the question...Kuwait is paid....and ALL other deficits will be paid off this year! AND, they will have a surplus for next year?????
WHAT IN THE WORLD IS IN THIS BUDGET????? I think we know:
A. The price of oil is higher than what is in the budget obviously BUT, something else is there too...
B. The WP's (Directions/Roadmap) plans for Success which will drive and control the budget expenses...and the RATE!!!!!
SO, if they are "intentionally" leaking this information about the new budget and reflective of a new rate...this truly is...ANY DAY!!! IMO
With the education we KNOW they are doing with video's and the energy creation it is doing with the citizenry it is clear they are executing on a strategic plan as remember...the CBI IS NEVER LATE!!!
ALL IMO.....PETRA
MilitiaMan and Petra Chat from KTFA 12-8-3032
.KTFA:
Frank26: "THANK YOU MILITIA-MAN & PETRA"........F26
FROM MM & PETRA:
The Ministry of Finance issued, on Tuesday, a new procedure regarding the salaries of state employees for the month of December.
An informed source said in an interview with Mawazine News that "the salaries of employees will be disbursed for the month of 12, starting from 12-16-2021.
Petra: This article is very interesting as it is creating an "out of pattern" program by the CBI. First, the article states "A New Procedure"...well what is that, digital payments (E-Dinar)?? A new payment protocol/procedure? we don't know...but is sure interesting to say the least.
KTFA:
Frank26: "THANK YOU MILITIA-MAN & PETRA"........F26
FROM MM & PETRA:
The Ministry of Finance issued, on Tuesday, a new procedure regarding the salaries of state employees for the month of December.
An informed source said in an interview with Mawazine News that "the salaries of employees will be disbursed for the month of 12, starting from 12-16-2021.
Petra: This article is very interesting as it is creating an "out of pattern" program by the CBI. First, the article states "A New Procedure"...well what is that, digital payments (E-Dinar)?? A new payment protocol/procedure? we don't know...but is sure interesting to say the least.
Petra: The second part includes a date of 12/16/21...again, out of pattern from "ALL" previous payment programs. In fact, they typically pay the last Thursday of the month, and sometimes as we are all aware...really LATE!!
So, in this one article we have 2 OOP (Out of Pattern) situations. Good stuff!!!
Now, POST 98 shows us a formal date for the celebration of the Centenary of Iraq. This is a HUGE event and I am sure there is an agenda they have to review the last 100 years I would imagine, similar to the historical perspective on notes the CBI has been educating in the past, using the old notes to teach the process for the new notes. So, if they are going to speak about the past....you can darn well expect them to speak on the future!!!
Wouldn't we all love to know that agenda!!! Clearly, both these articles are indicative of OOP activities that are beyond "interesting" and again, are more items of interest on the "internal" process for sure.
Good catch SG and clearly things are happening quickly as the new IRAQ emerges on the international landscape. But as to comments made on last nights CC....it is clear the trajectory and elevation of the initiatives being carried out by the CBI are well underway....STAY THE COURSE!!!! ALL imo....PETRA
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MilitiaMan: The CBI opening digital communications with the GoV? Tells me that there is public data to support satellite banks around the world. Next weeks call might be Revolutionary Times.. lol… Seriously, revolutionary!!... Did anyone besides a few of us think about the old notes being re shown for purpose? The colors? The symbols? The repeat of ancient days.. Militia-Man
Petra: And the denominations. The old notes were 1's, 5's, 10's, etc. Sound familiar??? PETRA
MilitiaMan: Yesterday we talked about digitization. They linked Cbi to government The CBI has the money. Militia-Man
Petra: MM, if I may opine. Post 87 states they will be paying with a "new procedure!!!''
Let that sink in a little!! PETRA
MilitiaMan: UAE is to align to western weekends. Militia-Man
Petra: SAMSON POST #87 The Ministry of Finance issued, on Tuesday, a new procedure regarding the salaries of state employees for the month of December. Does that not require a change? As MM stated, "digital from CBI to Government"...payroll! PETRA
MilitiaMan: Of auditing the final a counts. The already have imo. Frank says education and exchange rate in 2021 imo ..Militia-Man
Petra: You bet they have and feel comfortable enough to "Level" the books by the 16th!!!! PETRA
MilitiaMan: They didn’t bring up 2021 budget and recall 2013 / 2014 to be audited!! Militia-Man
Petra: My reference to "level the books" was in reference to MM's comment...the books are already done!!! IMO.. PETRA
MilitiaMan: They have to be down by now.. There is data out that is in the forum that supports the budget from the past may have been sorted, if it wasn’t why bring it up? Militia-Man
Petra: Parliament passed the 2021 budget early this year. 2013/2014 would have already been done!!! Second set of books has already reviewed and cleared all previous budgets IMO.... PETRA
MilitiaMan: I’ll venture to show my view on it tomorrow.. But you all have at it. The last paragraph shows what I say to be very interesting.. Militia-Man
Al-Kazemi’s advisor determines the mechanism for resolving the final accounts and its relationship to the 2021 budget link
Today, Tuesday,
Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, determined the mechanism for resolving the final accounts and its relationship to the general 2021 budget in the country, while noting that the approval of the series of final accounts depends on the role of the next parliament . Saleh told the Iraqi News Agency (INA):
"It is possible for the final accounts related to the country's budgets to go back to previous years until 2020, and be audited by the Federal Financial Supervision Bureau, which will give its opinion on the annual final account."
He added: "The House of Representatives must vote on the final accounts for 2013 and the budget (the reality of the situation) for the year 2014, which represents the actual and presented expenditures, and then the rest of the final accounts can be presented to the Council of Ministers successively in order to submit them to the House of Representatives for approval in accordance with the constitution and the financial management law in force." .
He pointed out that "the expenses and expenditures are prepared within the control work of the Federal Oversight Bureau, but the process of approving them with the observations made by the Bureau in its report must be presented successively to the House of Representatives."
He continued, "In 2020, there was a budget (status) of expenditures and revenues, which necessitated its submission by a separate law as a general budget and a final account at the same time," noting that "all of this depends on the role of the next parliament in approving the series of final accounts completed auditing by the Audit Bureau.
Federal Finance. He pointed out that "we cannot express final accounts for the fiscal year 2021 when it is completed at the end of this December, unless the House of Representatives approves a series of final accounts year by year, successively, starting from 2013 and upward….. we cannot express final accounts for the fiscal year 2021 when it is completed at the end of this December, unless the House of Representatives approves a series of final accounts year by year, successively, starting from 2013 and upward…
MilitiaMan:The FMLA is sorted. It was done in 2019 imo. They imo are saying we have to sort something that if sorted is not an issue. It has been many years.. Imo it is sorted. Militia-Man
Petra: Agreed, and the 2019 FML is included in the 2021 budget (which never opened as it had the rate in it!!)…. Data tells all.... PETRA
MilitiaMan: They have the data to support a change as needed! Imo. It made an avenue for the 2013-2014 to be audited years ago!!!
Imo…… Representatives." He continued, "In 2020, there was a budget (status) of expenditures and revenues, which necessitated its submission by a separate law as a general budget and a final account at the same time," noting that "all of this depends on the role of the next parliament in approving the series of final accounts completed auditing by the Audit Bureau.
Federal Finance. He pointed out that "we cannot express final accounts for the fiscal year 2021 when it is completed at the end of this December, unless the House of Representatives approves a series of final accounts year by year, successively, starting from 2013 and upward.
MilitiaMan: Read that above closely. Years and years in the making!!!
He continued, "In 2020, there was a budget (status) of expenditures and revenues, which necessitated its submission by a separate law as a general budget and a final account at the same time,"…. In 2020. Militia-Man
Petra: Which means.....the final accounting was done!!! PETRA
MilitiaMan: He pointed out that "we cannot express final accounts for the fiscal year 2021 when it is completed at the end of this December, unless.. Unless!!!!.. unless the House of Representatives approves a series of final accounts year by year, successively, starting from 2013 and upward…
They didn’t think about starting the audit yesterday!!! Lol.. Again they have been at the process and have had the 2013 - 2014 on the books to be sorted and for huge reasons!! Claw back anyone? Lol Militia-Man
Petra: So what did the IMF, WB, WTO be doing if the books were not finalized????... That's what audits are all about....where did all the money go!! LOL... PETRA
MilitiaMan: They have laws in place… In my view there is nothing that needs to be approved from the way I read the article.. they imo are suggesting since 2013-2014 had been so important that they have openly mentioned it again… They use the data to be somewhat vague. it is not their job to spell it out specifically.. imo. But they do. Imo Militia-Man
Petra: For a purpose! To advertise the length and breadth they have gone to insure SUCCESS for the citizens and the government of Iraq to move the country forward with the WP's, the Budget, and of course...the new rate. Not only for the citizens to appreciate but also for the international world to see the extent of backlog research and validation done to impact positively the budget and its future!!!! PETRA
MilitiaMan: The Centenary was moved out to Saturday.. The Ishtar Star, the Palms, the Iraqi flag, all are symbols on Iraqi currency.. Militia-Man
Petra: Those are all "historical" and powerful representations to the Iraqi people. Solidarity expressed on the currency!! PETRA
MilitiaMan: The budgets imo have been audited.. No more approval needed.. imo Antiquities Value.. Digitization... Borders, Customs, Fees, are all components in the valuation of Iraq.. it is not only oil.. There is even natural gas, sulfur, phosphates, etc.. Militia-Man
Petra: Studying together allows for "Group Think" raising all our collective understanding of what has happened in the past and what is coming in the future!!! PETRA
Some "Wednesday News" Posted by Samson 12-8-2021
.KTFA:
Samson: Former MP: Barzani bought a house in America for $18 million smuggled oil money
8th December, 2021
Former member of the House of Representatives, Sarkot Shamsuddin, revealed that the President of the Kurdistan Regional Government, Masrour Barzani, had purchased a property worth $18 million in Miami, in the United States of America.
Shams El-Din said that American media recently wrote that Barzani bought the house for $18 million in Miami, indicating that the purchase was in 2019 in the midst of the financial crisis that Iraq suffered, from smuggled oil money and the Iraqi people in general and Kurdistan in particular.
Shams al-Din demanded the Integrity Commission to audit the disclosure of the financial disclosure of Masrour Barzani, in addition to activating the law "Where did you get this from?" to reveal the source of those funds that were withheld at the time from the people for the enjoyment of officials in Kurdistan.
KTFA:
Samson: Former MP: Barzani bought a house in America for $18 million smuggled oil money
8th December, 2021
Former member of the House of Representatives, Sarkot Shamsuddin, revealed that the President of the Kurdistan Regional Government, Masrour Barzani, had purchased a property worth $18 million in Miami, in the United States of America.
Shams El-Din said that American media recently wrote that Barzani bought the house for $18 million in Miami, indicating that the purchase was in 2019 in the midst of the financial crisis that Iraq suffered, from smuggled oil money and the Iraqi people in general and Kurdistan in particular.
Shams al-Din demanded the Integrity Commission to audit the disclosure of the financial disclosure of Masrour Barzani, in addition to activating the law "Where did you get this from?" to reveal the source of those funds that were withheld at the time from the people for the enjoyment of officials in Kurdistan.
Samson: An American investigation reveals the value of the Barzanis' real estate in Kurdistan
8th December, 2021
American Prospect magazine published an investigative report on a new financial scandal for the President of the Kurdistan Regional Government of Iraq, Masrour Barzani, through the purchase of an entire building in Virginia and pharmacies in Florida, through a fake company registered in the US state of Delaware.
The specialized American journalist and investigative writer Zack Kaplan, who specializes in uncovering hidden transactions, said, “Barzani bought an entire building in Virginia and pharmacies in Florida, through a fictitious company registered in the US state of Delaware, and these discovered investments represent a point in a sea of Barzani family’s investments in all areas around the world, including America, European and other Western countries.”
Kaplan pointed out that “the disclosure of this small part of these properties happened by chance and by mistake by a lawyer or employees of the company specialized in supervising fictitious companies, where the name of Masrour Barzani and his brother Mukhsi Barzani, two sons of Kurdistan Democratic Party Chairman Massoud Barzani, was mentioned, with their signatures.” On the ownership papers,” he stressed, “Through a similar mistake, it was revealed that they own large, luxurious mansions in Virginia and California.”
And he points out that "Masrour Barzani is accused by civil organizations of misuse of power and practices of imprisonment, torture and murder of peaceful political opponents, including the assassination of journalists."
The writer describes the Kurdistan region of Iraq as “a hereditary property in practical terms owned by the Barzani family,” noting that “the Barzanis have collected huge sums of money in illegal ways,” as he mentioned many examples of this in his lengthy investigation, but he focused on their property in the United States.
The American newspaper, including “the inclusion of their names in secret papers that were revealed by chance, including palaces and buildings in California, Virginia and other states.”
He explains that "the Barzanis used a Dutch company that specializes in building fictitious companies that hide the names of their real owners, called Wolters Kluwer, pointing out that "the laws that this type of company enjoys explain why America has become an attractive destination for dirty money, but Congress is about to activate a law that has been legislated the current year criminalizes obscuring the names of the real owners of all palaces, buildings and properties in the United States of America, which will be enough to reveal all the Barzani family’s property in the United States, which is expected to be enormous.
Kaplan pointed out that “through oil and corruption, the Barzanis have amassed huge amounts of wealth, including a real estate investment in the Kurdistan region, owned by a company secretly connected to one of the brothers of the region’s prime minister, whose value was estimated at $1.27 billion,” warning that “like other tyrants, The Barzanis have turned to secret havens, the kind of places that the Panama Papers and Pandora Papers investigations exposed, to hide their money.” LINK
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Samson: Russia, India abandon US dollar in mutual settlements
8th December, 2021
Russia and India have agreed to ditch the dollar as a means of mutual settlements, as Washington continues to impose sanctions on Moscow.
Alexander Mikheev, Director General of Russia's state arms exporter, Rosoboronexport, announced, on Tuesday, that Russia and India have abandoned the use of the US dollar in mutual settlements, with all payments made in rubles and rupees.
Mikheev told reporters in New Delhi, "By tradition, we name all transactions in dollars for ease of calculation. In real work, Rosoboronexport has moved away almost 100% from settlements in the US currency. As for India, all settlements are carried out in rubles and rupees. In addition, we are actively practicing offset projects, which are also present in the contracts signed today. This is normal modern practice, one of the trends in the world market.”
With such an approach, the sides "do not face the risk of delays in payments when fulfilling our contractual obligations to our partners," he added.
It is worth mentioning that India's Foreign Minister announced Monday that Russia has begun delivering to his country the Russian S-400 ground-to-air missile defense system, against which the US threatened to impose sanctions.
"Supplies have begun this month and will continue to happen," Indian Foreign Secretary Harsh Vardhan Shringla confirmed after Russian President Vladimir Putin's visit to New Delhi.
Praising India at the beginning of his visit to New Delhi, Putin discussed defense agreements, military relations, and energy cooperation between the two countries. LINK
Samson: The European Union Announces A Plan For Trade Sanctions Against Some Countries
8th December, 2021
The European Union has announced a plan for quick trade sanctions that can be imposed on any foreign power, such as China, when it tries to encroach on the 27-nation union for economic or political gain.
The commission is seeking permission to respond without the endorsement of all 27 states when any person, company or country attempts to encroach on the European bloc, and the commission could face opposition from some EU states against giving it too much power.
The Commission says that such sanctions can be used in China's dispute with Lithuania, whose relations with Taiwan have prompted Beijing to downgrade diplomatic relations with the European Union member state, while Lithuania says its commercial shipments are no longer cleared through Chinese customs.
European Commission Executive Vice President Valdis Dombrovskis said: "China is restricting trade with Lithuania.. It is clear that there may be reason to make an assessment of whether this constitutes economic arbitrariness and, therefore, whether this system will be viable."
He added, "Unity and solidarity within the European Union remain essential factors in upholding our interests and values. The European Union is ready to stand against all kinds of political pressures and coercive measures applied against any member state."
The new plan would give the Commission the power to impose punitive tariffs, quotas or even restrict access to EU markets to deter countries from trying to restrict trade or investment to force a change in EU policy.
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Samson: Olaf Scholz .. Who Is The New Leader Of Germany?
8th December, 2021
With Olaf Scholz elected as Germany's new chancellor on Wednesday, the position returned to the Social Democratic Party after 16 years of losing it to the Christian Democrats led by Angela Merkel.
Olaf Scholz was born in Osnabrück on June 14, 1958 in West Germany, his father was a merchant and his mother a homemaker. He joined the Social Democratic Party in 1975 at the age of seventeen, and was known for wearing woolen suits and participating in a large number of peaceful demonstrations. Schulz served as deputy head of the party's youth organization and led a campaign in the 1980s for "radical socialism to overcome the capitalist economy".
In parallel with his party activity, Schulz was pursuing his studies in law. After graduating from the Faculty of Law at the University of Hamburg, in 1985 he established a law firm specializing in labor law in the city. Through his work, Schulz learned the workings of the economy and private companies, which left an impact on his personality.
His career really took off when Social Democrat Gerhard Schröder reached the chancellery in the 1998 elections. In 1998 Schulz was elected to the Bundestag (German parliament) and became party secretary-general in 2002. In 2005, the German left split over the liberalization of the labor market, which accelerated Schröder's defeat in front of Angela Merkel.
Schultz delivers his speeches in a monotonous tone that has earned him the nickname "Shultsumat" (meaning "machine Schultz"), to his dismay. "He laughs more than people think," he said in his defense. He said recently in a press statement, “I am sober, pragmatic and firm. But what prompted me to political work was feelings,” he said, calling for a “just society.”
In 2018, with his assumption of the Finance Ministry, Schulz became Merkel's deputy. According to German media, Schulz was inspired by Merkel's style, and even imitated her in gestures, especially her famous hand gesture, to the extent that the left-wing newspaper "Tageszeitung" described him as a "mutated" version of Merkel!
Schulz, as the Ministry of Finance, followed a strict financial approach, but after the outbreak of the Corona pandemic, he did not hesitate to deviate from the budget items, relying on generosity in spending, and his motto that Germany could face the epidemic from a financial point of view. His successful policies in dealing with the crisis made him one of the most popular and credible politicians, and put him at the center and front of the scene.
Schulz lost his battle for the presidency of the SPD in 2019, because he did not succeed in winning the hearts of the party's supporters, as the party at the time wanted an explicitly left-leaning leadership. Nevertheless, he remained the only horse on which his party could bet to restore the Chancellery.
Foreign and domestic policy and relations with Russia
The agreement, signed by the three parties to Germany's ruling coalition, states that Germany remains committed to cooperation within the framework of the European Union and NATO, and calls for the development of a "new eastern policy" at the EU level and the strengthening of the role of the Organization for Security and Cooperation in Europe.
Observers describe Schulz as a supporter of a "moderate policy" toward Russia.
Schulz is known for his criticism of Moscow's policies towards Crimea and events in eastern Ukraine. However, in May 2021 he supported the “Northern Stream 2” project and criticized US sanctions against the companies involved in it, calling it “interference in the internal affairs of Germany and Europe.”
German media indicated that Schulz would not establish a "special relationship" with Moscow, unlike Gerhard Schroeder, who headed the German government between 1998 and 2005.
According to the newspaper "Bild", Schulz said during the German-Russian Petersburg dialogue in 2016, that there is no "reasonable" scenario in which Russia has good relations with Germany and difficult relations with the European Union at the same time. LINK
Frank26 and KTFA Members "News and Views" 12-7-2021
.KTFA:
Frank26: "Could that be 3.67???"......F26
Kuwait confirms receiving $1.47 billion in war compensation from Iraq
30th November, 2021
The National Bank of Kuwait reported today, Tuesday, that Kuwait has received $1.47 billion in war compensation from Iraq.
The bank said that "Kuwait received compensation payments from the United Nations Committee from Iraq for the war, amounting to 1.47 billion dollars (0.4 billion dinars) in April, July and October of this year."
He added, "The remaining amount is 629 million dollars for final payment." LINK
KTFA:
Frank26: "Could that be 3.67???"......F26
Kuwait confirms receiving $1.47 billion in war compensation from Iraq
30th November, 2021
The National Bank of Kuwait reported today, Tuesday, that Kuwait has received $1.47 billion in war compensation from Iraq.
The bank said that "Kuwait received compensation payments from the United Nations Committee from Iraq for the war, amounting to 1.47 billion dollars (0.4 billion dinars) in April, July and October of this year."
He added, "The remaining amount is 629 million dollars for final payment." LINK
Frank26: "WHAT IS THE EARTH'S MOON CALLED?".......F26
His Excellency the Governor of the Central Bank of Iraq meets His Excellency the British Ambassador in Baghdad
6th December, 2021
His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mikhaif, met with His Excellency the British Ambassador in Baghdad, and they discussed banking relations and ways to develop them.
Frank26: (BECAUSE OF ARTICLE 8!!! - F26)
The Governor welcomed the opening of branches of British banks in Iraq and the opening of opposite accounts to facilitate trade exchange between the two countries.
For his part, the Ambassador stressed the necessity of banking cooperation and providing technical assistance to the Central Bank of Iraq, especially in the field of financial digitization.
Frank25: (RV TO RI - F26)
The Ambassador also touched on the white paper document, economic reform and the priorities for implementing this plan,
Frank26: (SATELLITE BANKS - F26)
where His Excellency the Governor emphasized the implementation of reforms regarding the automation of border crossings, customs and taxes.
Frank26: (WTO - F26)
The Ambassador praised the new building of the Central Bank, as the Governor invited him to attend the opening ceremony of the building upon its completion.
Central Bank of Iraq LINK
Frank26: (NEW CBI BUILDING FOR A NEW EXCHANGE RATE & A NEW CURRENCY -F26)
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The Governor of the Central Bank welcomes the opening of branches of British banks inside Iraq LINK
The Central Bank announces the implementation of automation for three government institutions LINK
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Samson: The government sets the date for the celebration of the "centenary of the Iraqi state"
7th December, 2021
The Council of Ministers has set the date for the celebration of the "centenary of the Iraqi state.
"The spokesman for the Council of Ministers, Minister of Culture, Hassan Nazim, said in a press conference attended by / Mawazine News / that "the Council of Ministers has set next Saturday as a date for holding a celebration marking the 100th anniversary of the founding of the country. The Iraqi state.
”He added, “The country is still facing challenges, and there are groups trying to undermine Iraq and Iraqis, and the government offers its condolences to the families of the victims of the terrorist bombing in Basra.”
He pointed out, “The process of returning the Gilgamesh tablet with some other artifacts is the largest of the two recovery operations during The last period. LINK
OlLar: know a way to really bring some fireworks to this celebration
Bambi: Im very intrigued about: "The process of returning the Gilgamesh tablet" This has been in the news for a while. Today is a "date" of the return. And this weekend, which is a 100 year Celebration, the Gilgamesh tablet is mentioned yet again!
Popeye7: Imo, very interesting timing Bambi...
Bambi: Amazing things unfolding. This tablet is one of many signs as you know.
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Suzie: WOW, after last night's ubtubee I'm surprised there is no comments or excitement on the site. Great call!!
Monkey: its basically done - white papers and budget have the rate
Monday Night KTFA CC: 12-6-21…….1 OF 3 CAME BACK
https://www.youtube.com/watch?v=mLpZV_WDQIw
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Samson: Ellison Center: Al-Sadr has become a leader and supports the renewal of Al-Kazemi
An analysis published by the Allison Center for Foreign Policy, Sunday, December 5, 2021, expected Mustafa Al-Kazemi to remain in the position of Iraqi Prime Minister during the next four years, indicating that Muqtada Al-Sadr, the winner in the elections, would be satisfied with his role as a maker of leaders and a political theorist.
And the Iraqi political analyst, Ghaleb Al-Daami, believes that Al-Kazemi's chances are still the strongest, but the negotiations or the results of the agreements between the political forces remain the ones who decide this.
The professor of international relations, Haitham Al-Hiti, agrees that Al-Kazemi’s chances are very great, but he does not rule out last-minute surprises, and says that Al-Kazemi will be the biggest opportunity for Al-Sadr to silence the parties’ objections to the nomination of anyone from within the current.
He adds: Al-Kazemi dealt pragmatically with the assassination attempt that targeted him, and did not announce the party that carried it out, indicating that this would certainly help mitigate the objections to his candidacy. LINK
Monday Night KTFA CC With Frank26: "1 of 3 Came Back" 12-6-2021
.Monday Night KTFA CC
12-6-21…….1 OF 3 CAME BACK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq
Playback Number: 605-313-5163 PIN: 156996#
F26: They have been showing 3 videos in Iraq. The first one was on the digital currency of the Iraqi Dinar. The second one was on “Should the value of our currency change? And now they are on the third one.
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
Monday Night KTFA CC
12-6-21…….1 OF 3 CAME BACK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq
Playback Number: 605-313-5163 PIN: 156996#
F26: They have been showing 3 videos in Iraq. The first one was on the digital currency of the Iraqi Dinar. The second one was on “Should the value of our currency change? And now they are on the third one.
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
MilitiaMan Monday Night "We Are in a Awesome Place" 12-6-2021
.KTFA:
Samson: His Excellency the Governor of the Central Bank of Iraq meets His Excellency the British Ambassador in Baghdad
6th December, 2021
His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mikhaif, met with His Excellency the British Ambassador in Baghdad, and they discussed banking relations and ways to develop them.
The Governor welcomed the opening of branches of British banks in Iraq and the opening of opposite accounts to facilitate trade exchange between the two countries.
For his part, the Ambassador stressed the necessity of banking cooperation and providing technical assistance to the Central Bank of Iraq, especially in the field of financial digitization.
KTFA:
Samson: His Excellency the Governor of the Central Bank of Iraq meets His Excellency the British Ambassador in Baghdad
6th December, 2021
His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Mikhaif, met with His Excellency the British Ambassador in Baghdad, and they discussed banking relations and ways to develop them.
The Governor welcomed the opening of branches of British banks in Iraq and the opening of opposite accounts to facilitate trade exchange between the two countries.
For his part, the Ambassador stressed the necessity of banking cooperation and providing technical assistance to the Central Bank of Iraq, especially in the field of financial digitization.
The Ambassador also touched on the white paper document, economic reform and the priorities for implementing this plan, where His Excellency the Governor emphasized the implementation of reforms regarding the automation of border crossings, customs and taxes.
The Ambassador praised the new building of the Central Bank, as the Governor invited him to attend the opening ceremony of the building upon its completion. LINK
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Central Bank of Iraq
The Governor of the Central Bank welcomes the opening of branches of British banks inside Iraq LINK
The Central Bank announces the implementation of automation for three government institutions LINK
The Central Bank announces the implementation of automation for three government institutions LINK
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Samson: THE CENTRAL BANK ANNOUNCES THE IMPLEMENTATION OF AUTOMATION FOR THREE GOVERNMENT INSTITUTIONS
Today, Monday, the Governor of the Central Bank, Mustafa Ghaleb Mokhif, confirmed the implementation of automation for three government institutions.
And the media of the Central Bank of Iraq said in a statement received by the "National News Center", "The Governor of the Central Bank, Mustafa Ghaleb, met the British Ambassador in Baghdad, Mark Bryson, and banking relations and ways to develop them were discussed."
He added, "The governor welcomed the opening of branches of British banks in Iraq and the opening of opposite accounts to facilitate trade exchange between the two countries."
The governor stressed the need to “implement reforms regarding the automation of border crossings, customs and taxes.” While the ambassador stressed “the importance of banking cooperation and providing technical assistance to the Central Bank of Iraq, especially in the field of financial digitization,” praising the “new building of the Central Bank.
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MilitiaMan: These two articles Samson brings area both full of the goods.. They touched on the white papers, economic reforms and the priorities of implementation.
They know that the border crossings, customs and taxes are extremely high in revenue earnings. With the digitization of the financial system along side three government institutions is more evidence they are going international.
The CBI and Government are now on the same level playing field and can track the money via new FinTech and Blockchain.
They have launched the Digital System back 10/31/2021. It is utterly transparent, and it is an apparent necessary thing to have prior to fully being Article 8, imo... There is no going back now.
They have full intention of changing their exchange rate to meet all international standards.
Automation of the borders will usher in the WTO once the REER (Real Effective Exchange Rate) is exposed. imo..
We are in an awesome place. ~ MM
Some "Vietnamese News" Posted by Samson 12-6-2021
KTFA:
Samson: Việt Nam continues to meet US Treasury criteria for not being labelled a currency manipulator
6th December, 2021
Việt Nam continues to meet the US Treasury's criteria for not being labelled a currency manipulator, according to the US Treasury.
In its latest report on forex and macro-economic policies of big trade partners of the US, the Treasury found that no major trading partners during the year through June 2021 sought to manipulate their currencies for a trade advantage or for preventing effective balance of payment adjustments.
KTFA:
Samson: Việt Nam continues to meet US Treasury criteria for not being labelled a currency manipulator
6th December, 2021
Việt Nam continues to meet the US Treasury's criteria for not being labelled a currency manipulator, according to the US Treasury.
In its latest report on forex and macro-economic policies of big trade partners of the US, the Treasury found that no major trading partners during the year through June 2021 sought to manipulate their currencies for a trade advantage or for preventing effective balance of payment adjustments.
Việt Nam and Taiwan (China) have met all three criteria on trade and current account surpluses and foreign exchange market interventions. However, the department said it would continue to work with Việt Nam and Taiwan to address US concerns.
The Treasury said it was "satisfied with the progress made by Việt Nam to date" and would continue engagement started in May with Taiwan.
Earlier in April, the US Treasury announced in a similar report that the US had removed Việt Nam from the list of economies it considered currency manipulators as there was insufficient evidence to conclude the country was manipulating its exchange rate in the reviewed period in line with the Omnibus Foreign Trade and Competitiveness Act of 1988. LINK
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Samson: Moody’s upgrades Việt Nam Prosperity Bank (VPBank’s) rating to Ba3
4th December, 2021
Global credit rating firm Moody’s Investors Services has upgraded Việt Nam Prosperity Bank (VPBank)’s foreign currency deposits from B1 to Ba3 which is equal to the country’s rating with positive outlook.
Moody's BCA ratings reflect the independent intrinsic strength of the issuer. This credit rating is assessed based on the macro-environment, financial profile and qualitative assessment factors.
In addition to upgrading the BCA rating, Moody's also upgraded VPBank’s long-term local and foreign currency deposit ratings, rising to Ba3.
VPBank's credit rating was announced after the bank completed the sale of a 49 per cent stake at its VPBank Finance Company Limited (FE Credit) to SMBC Consumer Finance Co Ltd (SMBCCF), a wholly-owned subsidiary of Japan’s Sumitomo Mitsui Financial Group, Inc (SMBC Group) at the end of October. Moody's assessed that the capital sale brought about a significant improvement in the bank's credit profile. Notably, according to Moody's methodology, the bank's capital adequacy ratio (CAR) increased from 11.4 per cent at the end of September 2021 to 13.5 per cent at the end of October 2021.
In addition to the improved capital base, the bank's outstanding business results in recent months, despite the negative impact of COVID-19 on the economy, were also highly appreciated by Moody's. The business results in the third quarter of the year showed that VPBank's consolidated before-tax profit reached more than VNĐ11.7 trillion (US$513 million), up 24.9 per cent over the same period last year. The parent bank's pre-tax profit alone reached VNĐ10.8 trillion, representing 75.2 per cent year-on-year increase. The bank's total consolidated operating income reached VNĐ33.2 trillion, increasing 17.3 per cent over the corresponding period last year. Its consolidated return on assets (ROA) and return on equity (ROE) indices continued to be among the top of the market, reaching 2.8 per cent and 21.6 per cent respectively.
Moody's believed that VPBank's capital capacity will continue to be stable, as the bank has clearly demonstrated its plan to use capital obtained from the FE Credit deal to promote growth and seek new business investment opportunities. In addition, the assets scale will be further expanded thanks to the profit growth from business activities.
“VPBank's asset quality and profitability will remain stable over the next 12-18 months,” Moody's said in the announcement, emphasising the belief that VPBank's asset quality will be well under control as Việt Nam's economy recovers and vaccination rates increase.
The upgraded ratings from a prestigious international credit rating agency like Moody's in the context that Việt Nam's economy has suffered heavy impacts from the outbreak of the COVID-19 pandemic, has demonstrated confidence of international organisations in VPBank's capital base and development plan this year and in the future.
This also contributes to strengthening VPBank's position, while further enhancing its ability to mobilise capital from reputable financial institutions. LINK
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Samson: Remittances to Việt Nam to grow despite pandemic
6th December, 2021
The World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD) forecast that remittances to Việt Nam are estimated at US$18.1 billion in 2021.
As such, the country will be the eighth largest remittance recipient in the world and the third largest in the Asia-Pacific region this year. This will the fifth consecutive year that Việt Nam remains in the top ten in terms of remittances, with $13.8 billion in 2017, $15.9 billion in 2018 and $17.2 billion in 2019.
According to Nguyễn Hoàng Minh, deputy director of the State Bank of Vietnam (SBV) in HCM City, remittances to HCM City – the country’s largest remittance recipient – were estimated to reach US$6.2 billion in the first eleven months of this year, against $6.1 billion for the whole of 2020. This year the city is expected to get around $6.5-6.6 billion worth of remittances, mainly from the US, Australia, Canada and the EU.
Minh attributed the rise to HCM City implementing social distancing to prevent the COVID-19 pandemic, so overseas Vietnamese transferred more greenbacks to support their relatives in the city.
Though there aren't complete statistics on the remittance’s destination, the amount of remittance poured into social security support was higher than previous years. The remaining remittance source was invested in production and business. Minh noted the strong remittance inflow into Việt Nam amid the pandemic has had positive impacts on the foreign exchange market.
A stable US dollar and Vietnamese đồng exchange rate would continue to facilitate the Government’s policies favoring businesses and people affected by the pandemic, he said.
Around two million people hailing from HCM City live abroad, and last year they sent home US$6.1 billion, up 15 per cent from 2019, before the pandemic struck. Banks have been making investments to improve remittance services and launching promotional programmes to attract more of them.
Việt Nam received US$17.2 billion worth of remittances last year, the third highest in the East Asia and Pacific. The remittances to the country have grown at an average of 6 per cent annually.
According to estimates from the World Bank’s Migration and Development Brief released recently, remittances to low- and middle-income countries are projected to have grown a strong 7.3 per cent to reach $589 billion in 2021. This return to growth is more robust than earlier estimates and follows the resilience of flows in 2020 when remittances declined by only 1.7 per cent despite a severe global recession due to COVID-19. LINK
Vietnam : Trade revenue expected to hit new record high in 2021: MoIT
4th December, 2021
Despite the lingering effects of the pandemic, the Ministry of Industry and Trade forecasts that Việt Nam’s total trade value this year may reach a new record of between US$640 - 645 billion, with a slight trade surplus.
The ministry attributed the results to the great efforts of the business community in overcoming the difficulties of the COVID-19 pandemic to maintain and restore production. In particular, major industries such as textiles, garments, leather and footwear are on track to achieve their business targets earlier than expected, despite the pandemic.
From now until the end of the year, all industries have an opportunity to try and regain a growth rate close to before the pandemic broke out. Industries with high exports, such as phones, electronics, machinery and components, are likely to post export growth rates of between 15 per cent and 25 per cent this year, it said.
According to the ministry, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Việt Nam-EU Trade Agreement (EVFTA) have had positive effects on the national export activities, especially in markets that did not have free trade agreements with Việt Nam before. Thanks to the CPTPP, which came into effect three years ago, the exports of goods to Canada, Mexico and Peru have all grown by between 25 – 30 per cent per year.
The EVFTA, which went into effect one year ago, is a bilateral commitment with incentives and long-lasting value. At present, 20 per cent of local enterprises have taken export tax incentives from the EVFTA with EUR.1 certificates of origin (C/O). For shipments to the EU worth less than 6,000 euros, local enterprises are allowed to self-certify origin. This helps ensure smaller businesses do not have to spend time applying C/O, while still being able to enjoy tax incentives.
Right now, the biggest difficulty facing local enterprises is a shortage of labour. Southern-based enterprises are facing many difficulties in facilitating a return for workers who have left the region, without which they can not restore 100 per cent of their production capacity.
Due to the impact of the COVID-19 pandemic, the cost of raw materials and logistical services is increasing across the globe. These factors will put pressure on production costs for domestic businesses.
In addition, if localities do not fully comply with the Government's Resolution 128/NQ-CP, which provides temporary guidance on the "Safe adaptation, flexibility and effective control of the COVID-19 pandemic", or must facilitate pandemic prevention measures beyond what is necessary, it could cause further instability and affect the psychology of the local businesses and the confidence of investors. The ministry hopes that the pandemic prevention measures strike the right balance between ensuring people's safety and not affecting the production and trade activities of businesses.
Việt Nam’s trade value surged 22.3 per cent year-on-year in the first 11 months of this year to exceed $599.1 billion, according to the General Statistics Office. The country exported commodities worth nearly $299.7 billion in the past 11 months, up 17.5 per cent from a year earlier. In the period, there were 34 commodities with export turnover of over $1 billion, accounting for 93.5 per cent of the total export value.
In its latest report on November 30, Standard Chartered projected Việt Nam’s export turnover to record an annual average growth of 7 per cent per year, hitting $535 billion by 2030.
The "Future of Trade 2030: Trends and markets to watch" also forecasts that the global exports will almost double from $17.4 trillion to $29.7 trillion over the next decade. Việt Nam is considered an important market contributing to the growth of the global trade, it said.
It also found that 41 per cent of global businesses currently operate or plan to invest in Việt Nam within the next five to 10 years. This shows that Việt Nam will be one of the important motivations of global trade growth in the next 10 years.
The US and China will continue to be Việt Nam's largest export markets, respectively accounting for 26 per cent and 19 per cent of the Southeast Asian country’s total export turnover by 2030.
According to the study, Việt Nam is an emerging manufacturing powerhouse with expanding international trading relationships. LINK
Some "Sunday News" Posted by Samson 12-5-2021
.KTFA:
Samson: The stock market is trading shares worth 7 billion dinars in a week
5th December, 2021
The Iraq Stock Exchange announced today, Sunday, that 7 billion shares were traded, with a financial value of more than 7 billion dinars, during the past week.
The market said in a report reviewed by Shafaq News Agency, "The number of companies whose shares were traded during the past week amounted to 49 joint-stock companies, while the shares of 34 companies did not trade due to the lack of convergence of the prices of purchase orders with sales orders, while 22 companies continue to be suspended for not providing disclosure. out of 105 companies in the market.
KTFA:
Samson: The stock market is trading shares worth 7 billion dinars in a week
5th December, 2021
The Iraq Stock Exchange announced today, Sunday, that 7 billion shares were traded, with a financial value of more than 7 billion dinars, during the past week.
The market said in a report reviewed by Shafaq News Agency, "The number of companies whose shares were traded during the past week amounted to 49 joint-stock companies, while the shares of 34 companies did not trade due to the lack of convergence of the prices of purchase orders with sales orders, while 22 companies continue to be suspended for not providing disclosure. out of 105 companies in the market.
He added that "the number of traded shares amounted to 7 billion and 810 million and 446 thousand shares, a decrease of 13.52% compared to the previous session, with a financial value of 7 billion and 667 million and 84,000 dinars, a decrease of 14.62% compared to the previous session through the implementation of 3951 deals," noting that "the price index The traded ISX60 closed at 560.02 points, recording a decrease of 2.82% from its closing in the previous session.
He pointed out that "the number of shares purchased from non-Iraqi investors for the past week amounted to one billion and 835 million shares, with a financial value of one billion and 616 million dinars, through the implementation of 198 deals, while the number of shares sold from non-Iraqi investors reached one billion and 906 million shares, with a financial value of 2 billion and 942." million dinars through the implementation of 1074 transactions.
It is noteworthy that the Iraq Stock Exchange organizes five trading sessions per week from Sunday to Thursday, and includes 105 Iraqi joint stock companies representing the sectors of banking, telecommunications, industry, agriculture, insurance, financial investment, tourism and hotels. LINK
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Samson: Violent Explosions Hit The American Base Of Al-Tanf
5th December, 2021
Syrian opposition observatory, which is specialized in monitoring security events in Syria, reported on Sunday that violent explosions took place at Al-Tanf base on the Iraqi-Syrian-Jordanian border.
And the observatory said in a post on “Facebook” that “I saw / the information” that two explosions rocked the 55 area located at the border triangle between Syria, Iraq and Jordan within the Syrian Badia, where the Al-Tanf military base of the international coalition is located.
He added, "Coalition helicopters flew this morning in the airspace of the area, after which the first explosion shook the area of moderate intensity, followed by another violent and severe explosion," noting that "it has not been clear so far the nature of the two explosions, whether they were caused by military exercises of the coalition or Is it firing missiles from the base, or is it a result of a new targeting of the base?”
On November 24, the Syrian Observatory monitored the launch of 4 long-range missiles by the US forces stationed at Al-Tanf base within the 55 area at the border triangle between Syria, Iraq and Jordan, from inside the base towards the west of the base. LINK
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Samson: Iraq and Russia agree to cooperate in the field of clean energy
5th December, 2021
Today, Sunday, Oil Minister Ihsan Abdul-Jabbar revealed a plan with Russia to increase oil production.
Abdul-Jabbar said in a press statement, "The ministry is ready to open prospects for joint cooperation with Russia in the fields of oil, gas and energy," noting that "he met the Russian President's envoy to Iraq, Mikhail Bogdamov, and the keenness of the Iraqi Oil Ministry and the prospects for cooperation remain open to develop the oil and gas extraction system, and this is reflected even on the electric power system.”
And he indicated that "the ministry will work with Russia to expand the horizons of cooperation with regard to clean, renewable energy," noting that "this matter is one of his most important priorities, and he is working on it in a manner that promotes an environment free of pollution, which reflects positively on the citizen."
Abdul-Jabbar added, "The sustainability plans he is working on is to increase oil production in addition to reducing fuels and emissions." LINK
Samson: Dhi Qar Investment Announces A Technology City And An Artificial Lake Linking The Marshes With Ur
5th December, 2021
The Dhi Qar Investment Authority announced, on Sunday, the launch of several projects to develop the province and the ancient city of Ur, revealing the allocation of an area for the construction of a technology city to produce various types of technologies and attract the creative inventory.
The head of the authority, Hamid Al-Hasouneh, said in a statement reported by the newspaper "Al-Sabah" and seen by "The Information", that "this electronic region will be a pioneer in the production of smart phones, tablets, robots, computers and their spare parts and cameras in Iraq," noting that "Iraq has a qualitative precedent in the region through Establishment of the Electronic Industries Company (IELI) in 1973 to operate in the technology devices and equipment sector.
Al-Hasuna added, "The Nasiriyah Technological City, which is scheduled to be built on an area of 100 acres, represents one of the results of studies presented by the authority in its investment initiatives," noting that "the project will enhance technological innovation and spread its products in a country like Iraq, which promises an open market for the use of products."
He continued, "The authority obtained the approval of Dhi Qar Governorate to allocate two areas and offer them investment opportunities, the first with an area of 100 km near Nasiriyah Center specialized in electronic, office and paper industries, and the second with an area of 15,000 acres located outside the basic design of Nasiriyah Center specialized in heavy, light and polluting industries," noting that “The commission has recently opened several investment projects, most notably two factories for the industrial and construction iron industries, as well as a factory for pipes and paints.”
Al-Hasuna revealed that “a group of investment projects and others with government funding have been prepared for the development and reconstruction of the historic city of Ur, based on the reforms granted to the commission in Diwani Order 38 of 2021,” noting that “the federal government has allocated funds for the development and restoration of the house of the Prophet Ibrahim (peace be upon him) and the passable roads around it, in addition to Developing the residence of Imam Ali, peace be upon him, while passing through the city of Ur, heading to Kufa.
He pointed out that "the profiles of investment projects in the ancient city of Ur have been completed, as part of the campaign launched by Prime Minister Mustafa Al-Kazemi last March," noting that "the projects include the construction of the largest recreational artificial lake in the country, 27 km long and 11 km wide, to be the bridge linking cities. The historic marshes of Chabayish, to allow tourists to enjoy the charming nature of the marshes.”
He added, "The decision to stop work on the Chabayish resort project was one of the decisions that disrupted tourism investments under the pretext that the project was built in a migratory bird reserve and causes a change in their migration paths," expecting that "more than one million foreign tourists enter the country annually to visit the historic city of Ur as well." For recreation in the marshlands that are unique in their environment and nature.” LINK
MilitiaMan and KTFA Members "Full Circle" 12-4-2021
.KTFA:
Samson: A financial official reveals the dollar exchange rates in the 2022 budget
12/04/2021 10:15:14
The former director of the Financial Supervision Bureau, "the dollar exchange rates remain unchanged in the 2022 budget." LINK
MilitiaMan: When focusing on they say rates remained unchanged specifically and if we give credibility to the FORMER DIRECTOR then I would agree that the rates will have not been changed and they are expected to be what is in the budgeted 2019/2020/2021 FMLA. That is not 1460, imo.
We know they told us they could retro activate back in July to January 01, 2021. So nothing says this month they couldn't do the same.. They devalued 12/20/2021.. That is not far off for an anniversary date to come.
KTFA:
Samson: A financial official reveals the dollar exchange rates in the 2022 budget
12/04/2021 10:15:14
The former director of the Financial Supervision Bureau, "the dollar exchange rates remain unchanged in the 2022 budget." LINK
MilitiaMan: When focusing on they say rates remained unchanged specifically and if we give credibility to the FORMER DIRECTOR then I would agree that the rates will have not been changed and they are expected to be what is in the budgeted 2019/2020/2021 FMLA. That is not 1460, imo.
We know they told us they could retro activate back in July to January 01, 2021. So nothing says this month they couldn't do the same.. They devalued 12/20/2021.. That is not far off for an anniversary date to come.
MilitiaMan: What I take away from that date is they can come full circle and re instate in a similar fashion and not necessarily mirroring the same day.
But, this month may not be out of the realm of a reality.
So, the rates in the FMLA and the 2022 budget may not be change, as they may have or likely have already been changed, just not exposed to the general public. Or are they now doing so?
If they are openly telling the citizens and from what we here on the ground over there in Iraq that they are going back to the glory days. That will require Article 8 compliance. A rate of 1460 is not Article 8, nor is 1190 or even 1166.
But the glory days would and will be. They'll need the similar notes, as they had back in the glory days. Thus, they are said to be showing them the old notes in videos lately and still on going.
Well if we look at the old notes from say the 1940s. The art work on the 1 dinar note is similar to the present 1,000 Dinar note for instance, they just have different #s and colors..
So if they come full circle which I believe they are. The new digital system will require them to have new currency and one they can monitor efficiently and transparently.
They have not destroyed 000s notes and reduced the supply of them as well, and having printed new notes to not change the exchange rate to get them on a level playing field like back in the glory days..
Iraq has way to much value for them not to not raise the value of the Dinar.
imo We shall see.. ~ MM.
Ryan1216: Praying this happens before the end of this year. We've waited long enough.
DeepWoodz: When I highlighted the plural “rates”, I in no way believe there will be no change. I expect there is a real rate being used that has been kept secret.
All we need is the revealing of said rate. Imo.
The article concerning Kuwait’s payments was the give away. There have been too many clues to think nothing is gonna happen.
Time will tell if they have been able to keep a secret. I for one think they have been excellent at that very point. Come on Iraq!
MilitiaMan: Agreed... Enjoy the day. Things look very good.. imo.. ~ << MM