.KTFA:

Samson: The International Coalition : We no longer have combat forces in Iraq

26th December, 2021

The international coalition in Iraq confirmed today, Sunday, that it has no longer had combat forces in the country since the ninth of this December.

In a statement to the Iraqi News Agency (INA), the coalition said: “As of December 9, there are no US or coalition forces serving a combat role in Iraq. We were ahead of the schedule and implemented the commitments made in the dialogue between The United States and Iraq in June 2021.

He added, “The early transition was possible due to the tremendous progress made by the Iraqi security forces, including the Peshmerga, in developing the ability and ability to lead the fight against ISIS terrorist gangs.”

And for the remaining US and coalition forces in Iraq, the primary mission is to advise, assist, and enable the Iraqi Security Forces to sustain the enduring defeat of ISIS. LINK

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Samson: Al-Fili: The Rise In The Exchange Rate Of The Dollar Seriously Harmed The Poor

23rd December, 2021

Member of the Economy and Investment Committee in the dissolved Parliament, Mazen Al-Faili, confirmed, on Thursday, that the decision to raise the dollar exchange rate seriously harmed the poor, noting that the decision to raise the exchange rate was a government decision.

Al-Faili said in a statement to “Al-Maalouma”, that “the effects of the decision to raise the exchange rate of the dollar are still continuing, as it caused great harm to a large segment of the poor.” He added that “despite the significant increase in Iraq’s oil exports and financial revenues, a large percentage of citizens are still facing worsening living crises as a result of the rise in the dollar exchange rate.”

Al-Faili pointed out that“there is a clear economic contraction, and the government and the central bank must retreatfrom the exchange rate immediately.“

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Kuwait’s compensation file is awaiting complete closure.. UN meetings are expected

The Chairman of the Committee of Financial Experts, Abdul Basit Turki, received an invitation to attend the meetings of the Compensation Committee at the United Nations, on February 9th, related to the invasion of Kuwait.

Turki said in an interview with Alsumaria News, today, Thursday, that “the invitation sent by the head of the Compensation Committee to the UN Security Council, Irene, referring to him, included a mention of the possibility of holding side meetings, before starting the work of the sixteenth special session of the Compensation Committee Board of Directors in Geneva on February 9 of next year. He added that the meetings to permanently close the compensation file will start next February. LINK

Godlover:This article sounds about right. As I had previously stated, I fully expect Iraq to use the 1/12 budget for at least January & likely most of February of next year. Parliament needs to be announced/seated & then start reading & eventually voting on the 2022 budget.

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Samson: Al-Rafidain Bank stops withdrawals and deposits, starting from Thursday

22nd December, 2021

Al-Rafidain Bank announced, on Wednesday, the suspension of withdrawals and deposits from savings accounts, starting from tomorrow, Thursday, corresponding to 12/23/2021, until Monday, corresponding to 3/1/2022.

And the bank’s media office explained in a statement that “Nas” received a copy of it (December 22, 2021), that “the suspensions come in order to pay the annual accounts and calculate the interests of savings accounts, as well as organizing budgets.”

The bank also decided, “to close the doors of all its branches on Sunday, 2/1/ 2022, for the purpose of paying the annual accounts and for implementing the bank’s accounts that are applicable every year.” LINK

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Samson: Completion of the payment of compensation to the State of Kuwait

The payment of the last remaining installment of the State of Kuwait’s compensation amounting to (44) million US dollars has been completed, thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council pursuant to Resolution No. (687) for the year 1991, with a total of (52). 4) One billion US dollars for the State of Kuwait.

It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on re-integrating the Iraqi banking system with the global banking system and benefiting from the financial abundance that will be achieved.

Central Bank of Iraq
Media Office
December 21, 2021 link

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Samson: Urgent guidance from electricity on contracts and procedures salaries

19th December, 2021

Today, Sunday, the Ministry of Electricity directed all companies to complete the procedures for withdrawing payroll lists of wage contracts within 48 hours.

And a document seen by the “National News Center” showed that “the ministry directed all companies to complete the procedures for withdrawing payrolls of wage contracts and within 48 hours for the purposes of disbursing the salaries of the three months 10, 11 and 12 for the year 2021.” LINK

MilitiaMan: Final payments for the quarter within 48 hours..? We saw where they stopped all contracts, interest payments, etc, on the 15th too. Interesting times.. imo ~ MM

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Samson: Saleh: The Central Bank Has A Comfortable Reserve That Helps It Impose Stability In Exchange Rates

The economic expert and financial advisor to the government, Mazhar Muhammad Salih, confirmed today, Sunday, that the Central Bank currently possesses a comfortable cash reserve of foreign currencies, pointing out that there is a direct correlation between the current account surplus of the Iraqi balance of payments and the development of foreign reserves.

Saleh said in a statement to the "Information" agency, that "the monetary policy of the Central Bank of Iraq has today, a strong foreign reserve tool that can maintain the purchasing power of the Iraqi dinar and face inflationary expectations with a high capacity due to the surplus in the current account of the balance of payments."

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Samson: The Board of Directors of The Arab Monetary Fund will hold its two hundred first meeting on Thursday 16, 2021

17th December, 2021

The Fund organized a number of “remote” meetings and workshops, during the fourth quarter of 2021, on regional and global economic developments, and priorities in the post-pandemic phase, to support the return of the economic, financial and banking sectors to the usual paths of growth

The Fund offered 17 “remote” training courses for official Arab cadres

Issuing 3 new issues of a series of introductory booklets to increase economic and financial awareness among Arab youth

Successful completion of the first-of-its-kind joint experiment of interconnection between the “Bunna” platform for Arab payments and the European Instant Payment Settlement System to carry out instant payment settlement business in multiple currencies

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Briscom: May I ask for comments about this. On Monday’s CC, at 51:00 in, Petra said that the ‘delay’ (Dec 13 to Dec 22) in announcing the government was ‘strategic’.

Petra or family, could you elaborate on why the change of date to Dec 22 is IYO, a ‘strategic’ move/decision on their part. Thanks

Pompeypete: Several ways of looking at this….It could be a convenient screen for our Blessing in the minds of some…how?

All the time no official Govt or group are sanctioned by the court, no group, Sadr Shia or Fatah/Maliki Shia can claim kudos from the CBI’s move…albeit that Khazemi is with his sitting CoM they can only proceed with prior Govt laws and decisions.

So the official announcement could have been moved ‘strategically’ to allow for the Blessing prior to the announcement of the Election results so that no one group gets a divisive advantage…IMO