Monday Night KTFA CC "The Mother Of All Articles" 1-10-2022

KTFA

Monday Night KTFA CC

1-10-22….THE MOTHER OF ALL ARTICLES

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

https://www.youtube.com/watch?v=8SaxBnBujoo

MilitiaMan: "A Game Plan to Going International" 1-10-2022

KTFA:

Samson: The outlets announce an agreement with the customs to activate the customs and tax receipt program

01/10/2022 15:01:27

A team meeting that automates customs and border outlets. 

Today, at the headquarters of the Border Ports Authority, a team meeting was held to automate customs and ports via closed circuit television. The previous procedures and recommendations were reviewed, with an emphasis on implementing the drawn plans according to the strategy prepared by the team.

The most important thing that was agreed upon is to activate the customs and tax receipt program prepared by the cadres of the Border Ports Authority and to send a joint team to start the program at all border crossings, which will have an important impact in preserving public money and ensuring the collection of real money for the state.

The meeting also witnessed a response and convergence of ideas from all members of the team, which will reflect positively on the reality of electronic work at all border crossings.

At the conclusion of the meeting, the team leader urged all members to submit insights and suggestions that contribute to activating and succeeding e-governance and introducing it into all aspects of work. Preventing fraud and manipulation of public money, with the need to gradually develop it.  LINK

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Ports confirm the activation of the customs receipt program and the continuation of electronic work  LINK

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MilitiaMan:  This to me suggests there is a game plan to going international.

They tell us the most important thing agreed upon is to activate the tax receipt program at the Border Ports Authority. The need for preserving public money for the state is definitely a serious issue. 

The have had closed circuit TV meetings to keep things private for likely security concerns. There will be many that have smuggling as a business practice.

That gravy train is about to cease to exist, hence, the mention of preventing fraud and manipulation of public funds.

All of this is timed to be ready for the new system to be activated.

The CBI has told us they have a new electronic system that is one of it’s kind and has interlinked with government entities already. We also know that AYSCUDA has a contract for this very subject and that the WTO is working to support Iraq in her ascension along the way.

As a reminder, it is estimated that the taxes, customs and fees will equate to billions of $s in value from their Oil income, annually. That over time will be in the tens to hundreds of $ billions in revenues..

 So, do I think that the new potential parliamentary folks are going to hold up the money flow? I am not buying that at all, even if there are articles to suggest it or not, as there are both views on the matter in them. 

The devaluation was over a year ago. So was the inter linking with the AMF / BUNA Platform for clearing regional and international currencies, securities, etc., that  have yet to be activated, but, the platform was successfully tested and with the IQD, imo.

The devaluation of the IQD has created an overnight 23% decrease in purchasing power real close. It also, created an inflationary environment and with that they have a shortage of small notes to make change with.

The articles all make that very clear that the citizens are getting slammed.. With the antics we witnessed yesterday in parliament, the assassination on Sadr’s second hand man suggests both that there is no clear sailing into nirvana with this new parliament, yet to be fully seated.

That may takes months. It would in my opinion be more prudent to use the care taker government in place as we speak.

The automation of the systems that are to be interlinking and activated seems to suggest that is exactly what they are doing.

They are gearing to activate systems. That activation is imo going to require an international REER (Real Effective Exchange Rate) in place. 

We know they have the CBI system tested, we know that Kuwait is paid in full early, we know Iraq meets the Chapter 7 obligations, we know that the AYSCUDA is at the borders along with the WTO helping them along the way.

Time is money and the CBI is not in the business to lose money over large amounts of time.

There are already laws in place for Iraq to change the exchange rate, they did it in 2020. They were in place when they devalued for crying out loud, imo.

With the pressure now to help the citizens and to alleviate suffering, it would likely behoove the CBI to let the ripples settle on the assassination of Sadr’s second hand man and also to take note and respect the good Dr. Shabbi having had passed. 

Once a reasonable time has come on gone, then, there may very well be time to game that income at the borders, increase the purchase power for the people and go into the world banking system that the have told us they would and with a strong and stable exchange rate that is internationally accepted and defendable. imo..

We shall see.. imo In short order too. ~ MM

According to the Ministry of Finance and its standards, the country should receive 7 billion from customs annually, but in fact, only 12% of customs resources reach the Ministry of Finance, and the smuggled funds since 2003 amounted to 350 billion dollars, which is equivalent to 32% of the revenues Iraq in 18 years. The question is, was the smuggled plus the seven billion annually in customs waste sufficient to prevent the dinar’s value from depreciating? Let’s prepare for our oil resources with which we will compete with oil countries in OPEC, and allocate a special fund for lawsuits to follow up on smuggled money in safe and unsafe international havens.

We can also reach an understanding with the Turks with a reasonable commercial offer in exchange for water that has been reduced by half to secure our food security, which is not only represented by wheat, but also related to Devices and equipment that raise the level of our agriculture while it faces a water crisis in any case, despite the presence of an advanced Iraqi industry for sprinklers in Alexandria factories.

An equal economic relationship with neighboring countries, in general, may develop from barter valued in dollars, then move towards monetary exchange in national currencies, in addition to political and security stability and the consequent of integrated projects bilaterally or regionally in the light of international projects, which enhances a stable dinar. 

In any case, the process of floating the dinar was and still does not reflect the accounts of the threshing floor, but rather the calculation of a field that has long been exposed to the factors of corruption, and the result was an increase in the poverty rate while we face the challenges of organized smuggling and the water file, meaning that monetary policy requires transparency through which it is presented in the next budget and a return to the system of opening credits Documentary, to end the stage of exceptions and emergencies, which have become a fundamental reason for the fragility of the dinar. LINK

Thoughts From Frank26 Sunday Night 1-9-2022

KTFA:

Frank26:  (AS SOON AS THE NEW SEATED GOV PASSES THE BUDGET LAWS THE BUDGET, WHITE PAPERS & EXCHANGE RATE WILL BE EXPOSED – F26)

Dinar file

Saturday 08 January 2022Thamer Al-Haims

 Fitch International, the international credit rating agency, expected that Iraq will witness the highest growth in the Gulf oil-exporting countries next year, to rates that may reach 1.8%.

Undoubtedly, the national product as a whole is affected by the infrastructure of the stability and strength of the national currency. It is known that the rise and fall of currencies in light of the relationship with economies is dealt with, most notably the dollar.  

We hear, for example, about the decline of the Turkish lira and the Iranian toman, and this is done through a central decision, as is the case with the Iraqi dinar, as happened recently from a reduction, to counter the bleeding of the dollar, as a result of excessive importation, not as is the case with the two neighbors, as we imported the cheapest in hard currency and what competes with the national product.

Grape leaves, yellow corn stalks and even molasses were imported, while the aim was to reduce external transfer for the purposes of the importer, which means that the flotation door is still wide open, as we did not notice a difference or reduction in external transfer for import purposes in its excessive aspect when we compare it with Devaluation of the dinar.

The sales of the currency window did not decrease by a quarter, as did the dinar, as on the contrary, the product was keeping pace with and matching the price of the importer, in addition to the costs that made it rise compared to its imported counterpart, which is not covered by the standards of the Iraqi specification, as a privilege for the importer to be applied only to the national product.  

According to the Ministry of Finance and its standards, the country should receive 7 billion from customs annually, but in fact, only 12% of customs resources reach the Ministry of Finance, and the smuggled funds since 2003 amounted to 350 billion dollars, which is equivalent to 32% of the revenues Iraq in 18 years. The question is, was the smuggled plus the seven billion annually in customs waste sufficient to prevent the dinar’s value from depreciating? Let’s prepare for our oil resources with which we will compete with oil countries in OPEC, and allocate a special fund for lawsuits to follow up on smuggled money in safe and unsafe international havens.

We can also reach an understanding with the Turks with a reasonable commercial offer in exchange for water that has been reduced by half to secure our food security, which is not only represented by wheat, but also related to Devices and equipment that raise the level of our agriculture while it faces a water crisis in any case, despite the presence of an advanced Iraqi industry for sprinklers in Alexandria factories.

An equal economic relationship with neighboring countries, in general, may develop from barter valued in dollars, then move towards monetary exchange in national currencies, in addition to political and security stability and the consequent of integrated projects bilaterally or regionally in the light of international projects, which enhances a stable dinar. 

In any case, the process of floating the dinar was and still does not reflect the accounts of the threshing floor, but rather the calculation of a field that has long been exposed to the factors of corruption, and the result was an increase in the poverty rate while we face the challenges of organized smuggling and the water file, meaning that monetary policy requires transparency through which it is presented in the next budget and a return to the system of opening credits Documentary, to end the stage of exceptions and emergencies, which have become a fundamental reason for the fragility of the dinar.  LINK

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Frank26:  (I WISH I WOULD’VE SAID MR 1ST AND ER 2ND!!! LOL!!! – F26)

Exchange rate first

 Sunday 09 January 2022Yasser Al-Metwally

 It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar.

And now that the reasons that prompted the decrease in the exchange rate of the dinar against the dollar as a monetary treatment to overcome the obstacle of the country being forced to borrow externally and internally have disappeared, 

Frank26:  (THEY DISAPPEARED ON DEC. 20TH 2021, HAPPY BIRTHDAY CBI – F26)

there is no justification for sticking to this painful measure that touched the lives of all segments of society.

 Frank26:  (THE SANCTIONED PR (Program rate) WAS TO PUNISH THE GOI AND CBI… BUT NEVER TO PUNISH THE CITIZENS – F26)

The direct reason for this tight monetary policy was the drop in global oil prices with the effects of the Corona pandemic, and the world has largely overcome this difficult ordeal.

With the return of oil prices to the rise, (FOR THE FLOAT – F26)

 a cash surplus was achieved that contributed to supporting and strengthening the Iraqi cash reserve, (FOR THE RV TO CALCULATE THE RI – F26)  the safety valve for periodic financial crises and natural disasters.

In addition to the above, Iraq was able to close the curtain on the debts imposed on Iraq forcibly to Kuwait. (BYE BYE CHAPTER 7 – F26)
 
These factors and indicators are encouraging to readjust the exchange rate to what it was before the revaluation of the dollar against the Iraqi dinar. (IT’S ALREADY BEEN DONE… IT’S BEING INTRODUCED TO THE CITIZENS OF IRAQ – F26)\

Perhaps one of the most important reasons and justifications for the demand to return the exchange rate to its normal state is the situation and the painful effects that the citizen has endured, forcing him to give the government the opportunity to address the already dire financial situation.

The measure to reduce the exchange rates of the Iraqi dinar against the dollar has caused chaos in the market and broke down the stability that the market enjoyed at the previous rate. (BUT IT WAS PART OF THE CBI/IMF MONETARY REFORM PROCESS TO LOWER THE VALUE ON DEC 20TH 2020 – F26)

The prices of materials and goods have been inflamed, which has affected the purchasing power of the citizen. You can imagine the extent of the suffering caused by the prices of medicines and basic materials for all segments of society, especially the poor, the retired and the employees. (THE BANANAS WERE SPOILING – F26)

The measures taken by the government to treat the poor segments were not equivalent to the effects of the exchange rate difference.

Accordingly, one of the tasks of the new government is to take decisions to restore the price and take strict measures against price manipulators, especially medicines and important commodities that touch the citizen’s livelihood by activating the role of careful monitoring of the market. (+ OR – 2% – F26)

In mentioning the prices of medicines, the Pharmacists and Physicians Syndicates must activate their role in monitoring and accountability.

For this reason, let us make readjusting the exchange rate the first task of the next government and parliament to relieve the burden of the citizen. (KTFA FAMILY IMO I HAVE SEEN AND READ THESE WORDS BEFORE BUT MY TEARS NOW REJOICE THAT YOU TOO CAN NOW READ THESE SAME WORDS PRAISE GOD AMEN – F26)

And a question that comes to mind, can the concerned authorities begin to gradually reduce the exchange rate until the formation of the government to mitigate the double effects on both sides of the equation? LINK

Frank26:  (KTFA FAMILY… THIS LAST PART IS TELLING THE GOI THAT THE CBI WANTS TO SHOW THE IRAQI CITIZENS THE NSCN’S/NEW EXCHANGE RATE AS SOON AS POSSIBLE… AND IF YOU GOI ARE NOT READY BY THE 15TH THEN WE WILL SHOW THE CITIZENS TO REDUCE ANY CONFUSION ON BOTH SIDES BECAUSE IT MUST NOT FAIL………. ON THE SIDE OF THE CITIZENS – F26) 

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Frank26:  “REST IN PEACE AND THANK YOU… TO THE AUTHOR OF THE MONETARY REFORM PLAN FOR IRAQ’S CURRENCY AMEN”……..F26

Samson:  The President of the Republic offers condolences on the death of the former Central Bank Governor, Sinan Al-Shabibi

8th January, 2022

The President of the Republic, Barham Salih, offered his condolences on the death of former Central Bank Governor Sinan Al-Shabibi.

Saleh said in a statement that Mawazine News received a copy of it, that “with great sadness and pain, we received the news of the death of Professor Dr. Sinan Al-Shabibi, the discreet Iraqi national and academic, recalling his long, busy and perseverance career and his work in the service of state institutions, and the economic and financial sectors.”

He added, “My deepest condolences to the family of the deceased and to all his friends and lovers, and the wide mercy to him and the perpetuation of the good remembrance.”   LINK

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Samson:  The Central Bank of Iraq mourns its former governor

8th January, 2022

The Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb, mourned the death of the brilliant economic and banking personality, Professor Dr. Sinan Muhammad Reda Al-Shabibi, who passed away next to his honorable Lord after a long professional and scientific career.

He prayed to God Almighty to make his abode in heaven and to pay for the footsteps of the institution that he contributed to managing with dedication for nearly a decade. We belong to Allah and to Him we shall return.

Central Bank of Iraq

1/8/2022   LINK

MilitiaMan "It's Time To Adjust The Excange Rate" Sunday 1-9-2022

KTFA:

MilitiaMan:  This is looking so so good!! I agree, it is time to adjust the exchange rate. Let the first task in the Parliament today be in the cards.. lol Ease the burden of the Citizens by changing the exchange rate to enhance the value of the national currency against the dollar. Imo, the CBI can adjust the rate when ready or not the government is. However, lets note that they are still in session in todays meeting in Parliament, aside from the antics they resumed the session. Oh ya… ~ MM

Don961:  Exchange rate first

Sunday 09 January 2022  Yasser Al-Metwally

It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar.

And now that the reasons that prompted the decrease in the exchange rate of the dinar against the dollar as a monetary treatment to overcome the obstacle of the country being forced to borrow externally and internally have disappeared, there is no justification for sticking to this painful measure that touched the lives of all segments of society.

The direct reason for this tight monetary policy was the drop in global oil prices with the effects of the Corona pandemic, and the world has largely overcome this difficult ordeal.

With the return of oil prices to the rise, a cash surplus was achieved that contributed to supporting and strengthening the Iraqi cash reserve, the safety valve for periodic financial crises and natural disasters.

In addition to the above, Iraq was able to close the curtain on the debts imposed on Iraq forcibly to Kuwait. These factors and indicators are encouraging to readjust the exchange rate to what it was before the revaluation of the dollar against the Iraqi dinar 

Perhaps one of the most important reasons and justifications for the demand to return the exchange rate to its normal state is the situation and the painful effects that the citizen has endured, forcing him to give the government the opportunity to address the already dire financial situation.

The measure to reduce the exchange rates of the Iraqi dinar against the dollar has caused chaos in the market and broke down the stability that the market enjoyed at the previous rate.

The prices of materials and goods have been inflamed, which has affected the purchasing power of the citizen. You can imagine the extent of the suffering caused by the prices of medicines and basic materials for all segments of society, especially the poor, the retired and the employees.

The measures taken by the government to treat the poor segments were not equivalent to the effects of the exchange rate difference.

Accordingly, one of the tasks of the new government is to take decisions to restore the price and take strict measures against price manipulators, especially medicines and important commodities that touch the citizen’s livelihood by activating the role of careful monitoring of the market. 

In mentioning the prices of medicines, the Pharmacists and Physicians Syndicates must activate their role in monitoring and accountability.

For this reason, let us make readjusting the exchange rate the first task of the next government and parliament to relieve the burden of the citizen.

And a question that comes to mind, can the concerned authorities begin to gradually reduce the exchange rate until the formation of the government to mitigate the double effects on both sides of the equation?  LINK

************

Don961:  Dinar file

Saturday 08 January 2022  Thamer Al-Haims

Fitch International, the international credit rating agency, expected that Iraq will witness the highest growth in the Gulf oil-exporting countries next year, to rates that may reach 1.8%.

Undoubtedly, the national product as a whole is affected by the infrastructure of the stability and strength of the national currency. It is known that the rise and fall of currencies in light of the relationship with economies is dealt with, most notably the dollar.  

We hear, for example, about the decline of the Turkish lira and the Iranian toman, and this is done through a central decision, as is the case with the Iraqi dinar, as happened recently from a reduction, to counter the bleeding of the dollar, as a result of excessive importation, not as is the case with the two neighbors, as we imported the cheapest in hard currency and what competes with the national product.

 Grape leaves, yellow corn stalks and even molasses were imported, while the aim was to reduce external transfer for the purposes of the importer, which means that the flotation door is still wide open, as we did not notice a difference or reduction in external transfer for import purposes in its excessive aspect when we compare it with Devaluation of the dinar.

The sales of the currency window did not decrease by a quarter, as did the dinar, as on the contrary, the product was keeping pace with and matching the price of the importer, in addition to the costs that made it rise compared to its imported counterpart, which is not covered by the standards of the Iraqi specification, as a privilege for the importer to be applied only to the national product.  

According to the Ministry of Finance and its standards, the country should receive 7 billion from customs annually, but in fact, only 12% of customs resources reach the Ministry of Finance, and the smuggled funds since 2003 amounted to 350 billion dollars, which is equivalent to 32% of the revenues Iraq in 18 years. The question is, was the smuggled plus the seven billion annually in customs waste sufficient to prevent the dinar’s value from depreciating? Let’s prepare for our oil resources with which we will compete with oil countries in OPEC, and allocate a special fund for lawsuits to follow up on smuggled money in safe and unsafe international havens.

We can also reach an understanding with the Turks with a reasonable commercial offer in exchange for water that has been reduced by half to secure our food security, which is not only represented by wheat, but also related to Devices and equipment that raise the level of our agriculture while it faces a water crisis in any case, despite the presence of an advanced Iraqi industry for sprinklers in Alexandria factories.

An equal economic relationship with neighboring countries, in general, may develop from barter valued in dollars, then move towards monetary exchange in national currencies, in addition to political and security stability and the consequent of integrated projects bilaterally or regionally in the light of international projects, which enhances a stable dinar. 

In any case, the process of floating the dinar was and still does not reflect the accounts of the threshing floor, but rather the calculation of a field that has long been exposed to the factors of corruption, and the result was an increase in the poverty rate while we face the challenges of organized smuggling and the water file, meaning that monetary policy requires transparency through which it is presented in the next budget and a return to the system of opening credits Documentary, to end the stage of exceptions and emergencies, which have become a fundamental reason for the fragility of the dinar.  LINK

MilitiaMan:  It sure looks like they have every intention to be in line with the region when it comes to dollar value and monetary exchange in national currencies. There is belief that there will be stability and security from international projects now and that they will enhance the Dinar.

They go onto say that their monetary policy (exchange rate, imo.) requires transparency (digital) that will be presented in the next budget (2022). Thus, they will return to the system of opening documentary credits (internationalism) that will end the stage for exceptions and emergencies and return the Dinar back to strength and stability. imo.. WOW.. 100% Article 8 here we come.. imo~ MM

Samson:  Al-Kazemi receives the European Union ambassador to Iraq

9th January, 2022

Prime Minister Mustafa Al-Kadhimi received, on Sunday, the Ambassador of the European Union to Iraq, Mr. Fillet Variola, and his accompanying delegation.

According to a statement by his office, Mawazine News received a copy of it, Al-Kazemi said during the meeting: The participants that bring Iraq together with the European Union open more opportunities for cooperation in the future, and his sovereignty described the relations with the European Union countries as long-term strategic relations.

Ambassador Variola congratulated His Excellency on Iraq’s success in removing its name from the list of high-risk countries in the field of terrorism financing and money laundering. It will pave the way for a greater degree of trade and investment exchange between Iraq and European countries.

The Ambassador of the European Union pointed to the growing positive regional role of Iraq, pointing to a seven-year European plan aimed at providing institutional support to Iraq, assigning programs to develop financial competencies and the work of the Central Bank of Iraq.   LINK

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Samson:  The Ministry of Foreign Affairs announces Iraq’s exit from the European Union’s list of high-risk countries

01/09/2022 18:48:24

The Ministry of Foreign Affairs announced the removal of Iraq from the European Union’s list of countries with high risks in the field of combating money laundering and terrorist financing.

This came in a letter delivered by the European Commission mission today 9/1/2022 to Prime Minister Mustafa Al-Kazemi, in which it congratulated Iraq on the great measures and efforts that have been taken to improve the anti-money laundering system and combat the financing of terrorism.

The Ministry also commended the positive and continuous cooperation provided by the European Union, the countries that voted on the resolution, and the Union mission in Iraq, after Iraq raised its procedures to the level of international requirements. 

The Ministry also thanks the cooperation of the national authorities that contributed to this achievement, from the Ministry of Finance, the Central Bank of Iraq and the rest of the supporting bodies.  LINK
 
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Iraq is out of the list of countries with high risks in the field of combating money laundering and terrorist financing  LINK

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MilitiaMan:  It sure looks like this is an announcement for the entrance into the global economy and the interlinking to international banking.

The road map is in place now for international trade and all because the Central Bank has shown their excellence in the work of anti-money laundering and financing or terrorism.

 Iraq has raised their procedures to meet the International requirements and therefore, they achieved the results to be removed from the high risk status.

The world has now been put on notice that Iraq is ready to go global.

That will require an exchange rate change. imo..

Which is possibly at anytime now, as from the sounds of it they have an exchange rate already, as there are calls to use it to help relieve the burden from the citizens… imo.. ~ MM

“Yasser Al-Metwally It is time to adjust the exchange rate to enhance the value of the national currency (the Iraqi dinar) against the dollar.”

“For this reason, let us make readjusting the exchange rate the first task of the next government and parliament to relieve the burden of the citizen.”

KTFA Members "News and Views" Saturday PM 1-8-2022

KTFA:

Clare: The death of the former central bank governor

07:51 – 08/01/2022Baghdad – Mawazine News

The former governor of the Central Bank of Iraq, Sinan Muhammad Al-Shabibi, died, on Saturday, in the Swiss city of Geneva.

Nawar Al-Tamimi, one of the relatives of the late governor, said, in a statement received by Mawazine News, a copy of it, that “with hearts that believe in God’s decree, we were saddened a short while ago by the death of my uncle Sinan Muhammad Reda Al-Shabibi, the former governor of the Central Bank of Iraq, who passed away in Geneva / Switzerland today.” .

And she added: “Our dear deceased was the son of my late grandfather, Muhammad Reda Al-Shabibi and his youngest son. The brother of the late martyr Asaad and my father Akram, Amjad Al-Shabibi, brother-in-law, the owner of gold and the late, Ahmed Al-Muzaffar and the late, Sadiq Al-Shabibi and Fadel Abbas Mahdi, Mahdi Al-Naqib, and father, Reda Al-Shabibi and Ali Al-Shabibi.

And she continued, “Sinan al-Shabibi was raised and raised under that father. He was honest, efficient, and dedicated to his work for the interest of Iraq even before his appointment as governor of the Central Bank.

Sinan did not change his position, where he lived and died while he was clean.

Malak, my beloved uncle Sinan and to those who knew him, your memory will remain in our hearts pure, how can we forget uncle Sinan, who was loving to all, kind, quick-witted, good-natured, the simple person in his life and even his death. Ended 29/R77

Luv2Travel:  My heart is breaking that this wonderful man that endured such hardship and was torn from his country did not see this come to fruition! What a great man and a great scholar!

Ahwman:  I wholeheartedly agree.  What a shame he didn’t live to see the fruits of his labor come to full fruition…

Billuke:  What a shame indeed.  Perhaps the admins could post the video of Bluestar asking him a question about the dinar in that news conference many years ago.  

Bebop:  Dr. Shabibi and Bluestar/John  https://www.youtube.com/watch?v=ol8wve53-ME&feature=youtu.be

Frank26:  “THE STARS ARE ALIGNING FOR THE CBI AND THE GOI”……….F26

The UAE witnesses a historic day tomorrow

01/06/2022 08:34:16

Tomorrow, Friday, the UAE will witness the first government working day in the country’s history, within a new weekly work system.

Employees of the federal government sector and local governments, with the exception of Sharjah, begin their work for a period of 4 and a half hours, from 7.30 am to 12:00 pm, according to the implementation of the implementation of the new system of weekly work announced by the UAE government, and entered into force at the beginning of the new year 2022, to be 4 working days, from Monday to Thursday, half working day on Friday, and the weekly holiday on Saturday and Sunday, plus Friday in Sharjah.

From Friday, mosques will start unifying the date of the Friday sermon and prayer, so that it will be at 1:15 in the afternoon throughout the year, and in Sharjah, the date of the Friday sermon, prayer and residence will remain on schedule, according to the Hijri calendar.

The new work system will include the possibility of applying flexible working hours, and the remote work system on Friday in the federal authorities, provided that the federal authorities approve the implementation mechanisms, as required by the interest of the workflow in these authorities.

The new weekly work system will enhance the UAE’s position on the business map as a global economic center, as it will contribute to strengthening the integration of the national economy with various economies and global markets.

And it enhances its important and effective strategic position in the global economy, especially since the new system of weekly work ensures that the days of exchanges and commercial, economic and financial transactions are identical with the countries that adopt the weekly holiday on Saturdays and Sundays.

The adoption of the new system of working days and weekly holidays will support the financial sector, as it will harmonize with working days in international stock exchanges and financial markets, in addition to international banks, and thus the new system will enhance the performance of the stock markets, banks, insurance companies, and foreign trade of the UAE.  LINK

Samson:  Global gold reserves decline, and Iraq maintains its 39th position

7th January, 2022

The World Gold Council announced, on Saturday, a decline in the world’s gold reserves after the central banks of countries sold large quantities of gold within one month, while Iraq maintained its global position.

In its latest schedule for the month of January 2022, which was reviewed by Mawazine News, the council said that “the global reserves of gold declined as a result of the central banks selling large quantities of it, amounting to 21.5 tons of gold,” noting that “Uzbekistan sold gold by 21.5 tons to reach to 353.6 tons, while Turkey sold 7 tons, Russia 3.1 tons and the Kyrgyz Republic 1.4 tons.

He added that “a small group of buyers bought quantities of gold, namely Kazakhstan 4.3 tons, Poland 3.4 tons, India 2.8 tons, and Ireland 0.7 tons.”

He pointed out that “Iraq maintained its global position 39 for the sixth consecutive month out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 9% of the rest of its other reserves.”

He explained that “Iraq also maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon,” noting that “the total possession of gold in the five Arab countries amounts to 996.5 tons.”

He pointed out that “the United States still leads the rest of the countries with the largest gold possession in the world, at 8,133 thousand tons, followed by Germany, 3,359 thousand tons, and then Italy, 2,451 thousand tons, while Suriname ranked 100, with 1.5 tons, preceded by Yemen, with 1.6 tons.”   LINK

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Samson:  Kurdistan Democratic Party: We will resolve the issue of the candidate for the presidency of the Republic this evening

8th January, 2022

The Kurdistan Democratic Party announced that the joint Kurdish delegation currently visiting Baghdad will decide today the issue of the candidate for the position of President of the Republic, who is from the component’s share according to the political custom in force in the country.

Party spokesman Mahmoud Muhammad said, after a meeting held by Democratic Party Chairman Massoud Barzani, with the head of the “Advancement” alliance Muhammad al-Halbousi, the head of the “Azm” alliance Khamis al-Khanjar, and the delegation accompanying them in Erbil that “the delegation (which includes al-Halbousi and al-Khanjar) was in a hurry and returned To Baghdad,” adding that “the Sunnis, although they are two different lists, currently agree to participate in the next government, and that they (the two lists) are close to the Kurdish side.”

And he went on to say that we are waiting for “work for the Shiite brothers to come to an agreement among themselves, and that the political process does not delay any longer,” stressing regarding the position of the President of the Republic, Muhammad said that “until this evening, we will decide the issue of the candidate for the presidency of the republic,” adding that “today the issue of the presidency of the republic will be resolved by virtue of the fact that the delegation of our two parties (the Democratic and National Union) is in Baghdad and has the authority to resolve this issue.” He also pointed out that “the Kurdish priority in the next squad is the real partnership in governing the country, as well as the constitutional balance.”   LINK

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Harb: The election of Al-Halbousi will be the fastest, and hours separate him from the presidency of the House of Representatives

8th January, 2022

A legal expert, Tariq Harb, said, on Saturday, that the election of the head of the Progress Alliance, Muhammad al-Halbousi, to the presidency of the House of Representatives will be the fastest.

In an interview with Mawazine News, Harb said, “The election of Al-Halbousi as Speaker of Parliament will be the fastest in the history of the Parliament Speaker’s elections, due to the great parliamentary support he obtained that guarantees his obtaining the Sadrist, Sunni and Kurdish parliamentary majority.” He added, “As Al-Halbousi separates from the position only hours tonight.”   LINK

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Samson:  Leading By Law: Choosing The Prime Minister Will Be A Surprise To Everyone

8th January, 2022

Leader of the State of Law coalition, former MP Jassem Muhammad Jaafar, ruled out, on Saturday, that the winning Shiite forces would go to the House of Representatives unilaterally, indicating that the choice of the next prime minister would be a surprise to all.

Jaafar said in a statement to Al-Maalouma, “The talk about the continuation of the political dispute between the winning forces in the elections, namely the coordination framework and the Sadrist movement, is incorrect,” stressing that “there is a rapprochement that will end with the formation of a Shiite majority political bloc.”

He added, “Putting names to take over the three presidencies aims to burn those names by the opponents,” noting that “the next prime minister will be chosen suddenly, and the crisis will be resolved before the deadline expires, four hours or less.”

Jaafar pointed out that “choosing the presidency of the parliament and the republic is not an easy task and needs internal understandings, and then put it to the Shiite forces to gain the confidence of parliament, which will delay the end of the formation of the government for several months.”  LINK

More News, Rumors and Opinions Friday Night 1-7-2022

KTFA

Friday Night KTFA CC

1-7-22…….EDDIE SAID…….LEAVE ME ALONE !!!

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

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

Courtesy of Dinar Guru

Frank26  IMO the Central Bank of Iraq has completed its distribution of the new small category notes to all of its banks... 2.  IMO the training of those in the banks have begun to train with the new small category notes that means all the banks have completed the training by now or it means the training is soon to end.  3.  The cause and effect of 1 and 2 IMO means that the notes are now physically in the hands of the tellers to give to the citizens of Iraq...do you understand how close you are? 

Frank26 It's at the executive [bank] level...that's why I don't care about this, this, this, this or that. I only care about the new small category notes to be shown to the citizens of Iraq. Because deep in my heart IMO that's all I'm looking for now and waiting for. So is the IMF. Waiting for the same thing...Let's see what they do between now and the 27th...

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KTFA:

Samson:  Oil jumps to $82

01/07/2022 08:23:19

 Oil prices rose by about two percent, today, Friday, to continue their rise in the new year, due to the increasing unrest in oil-producing Kazakhstan and a member of the OPEC + bloc, in addition to the interruption of supplies from Libya.

Brent crude futures rose $1.19, or 1.5 percent, to settle at $82.62 a barrel, after hitting their highest level since late November. US West Texas Intermediate crude futures rose $1.6, or 2.1 percent, upon settlement to $79.46. The contract touched a session high of $80.24.

Russia sent troops to Kazakhstan on Thursday to help put down an uprising, after deadly violence spread across the country. Kazakhstan currently produces 1.6 million barrels of oil per day. There are no indications that crude production has been affected so far.

On the same day, the Libyan National Oil Corporation said that Libyan oil production amounted to 729,000 barrels per day, down from more than 1.3 million barrels per day last year, which was its highest level, due to maintenance work and field closures.

Prices have increased since the beginning of the year, despite the commitment of the OPEC + alliance to increase the agreed production targets and the increase in US fuel stocks last week. JPMorgan has forecast that the average price of Brent crude will average $88 a barrel in 2022, up from $70 last year.

LINK

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Samson:  A government directive to establish an industrial city in each governorate

7th January, 2022

Today, Friday, the Ministry of Industry confirmed the signing of a development contract to establish an industrial city in the holy Karbala, which would provide 5,000 job opportunities, as part of a government direction to establish similar cities in each governorate.

The Director-General of the Industrial Cities Authority, affiliated to the Ministry of Industry and Minerals, Hamed Awad Muhammad, said in an interview with the Iraqi News Agency and followed by “Economy News”, after activating the Industrial Cities Authority, the authority was able, during a record period, to establish an industrial city for each governorate, and among these governorates is the holy Karbala, where it was signing a contract to develop a model industrial city specialized in the petrochemical, engineering and mechanical industries, with an area of ​​5,300 dunums, and stating that “this city will hopefully provide about five thousand job opportunities.”

Muhammad added that “the city will be attractive to investment and includes a large number of industries and industrialists, as it is served by infrastructure and is close to the Holy Karbala refinery,” noting that “it will provide many industries that were imported from abroad, as the contract was signed and is currently in the process of laying the foundation stone during the next week.” 

He added, “Industrial cities have been established in the remaining provinces,” noting that “we announced today an opportunity to develop Wasit, a smart city with an area of ​​five thousand acres, and we sent invitations to all Iraqi and foreign developers to engage in the development of this industrial city.”

And he indicated that “in the remaining stage, the procedures will be completed with the sectoral departments, the State Real Estate Department and the General Secretariat, and then opportunities will be announced in all governorates of Iraq, such as Babil, Muthanna, Diwaniyah, Nineveh and Salah al-Din, and the next stage will be the stage of industrial cities.”  LINK

TNT:

Lilfish: Psyche - Estimated to be worth 10,000 Quadrillion US dollars

Psyche, an asteroid believed to be worth $10,000 quadrillion US dollars,  is observed through Hubble Telescope in new study,  it's the most expensive rock on the in the Solar system!!

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

Guess this is why the billionaires Bezos, Branson, Cuban, Musk, Zuckerberg and so many others are desperate to head out into the wild black yonder.

https://www.forbes.com/sites/rcarson/2021/08/17/billionaires-in-space-privilege-or-progress/?sh=73e460213e36

MilitiaMan "The Budget, Rate and Blockchain Technology" 1-6-2022

KTFA:

MilitiaMan:  The last year witnessed the approval of the budget in March, a side from the objections from political forces with respect to the exchange rate against the dollar and the most important item discussed is or was it’s value.

The old government is the one who set the budget. If the installation of the budget is according to (deletion and creation) then the idea is possible to create jobs, support the rights of the poor, etc., can be met.

Deletion of the zeros will allow for the creation of jobs and support the rights of the poor by adding value. The most important thing. imo

The exchange rate will need to be restored prior to the 2022, as the value was already set by the old government imo.

Therefore, once the exchange rate change is done then the use of that money for to bring jobs from the result of that may need to be voted on post the re-instatement to a previous era. imo. ~ MM

Samson:  Mazhar Saleh: The budget law is the first project to be presented to the House of Representatives

6th January, 2022

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, said, Thursday, January 6, 2022, that the first draft law that will be presented to the House of Representatives after the completion of its relevant committees, especially the Finance Committee, is the draft budget law in order to legislate it for its importance in the sustainability of economic and social activity. in our country.

Earlier, Saleh confirmed that the government was close to completing the 2022 budget bill, before the previous parliament was dissolved and the government turned into a caretaker in early October.

And last year witnessed the approval of the budget in March, after great controversy and controversy over its provisions, especially with regard to the share of the Kurdistan region, in addition to the objections of the political forces to changing the exchange rate of the dinar against the dollar in it, and the most important thing is its value and the value of the deficit in it. Significantly reduced than what was sent from the Cabinet.

And Prime Minister Mustafa Al-Kazemi had promised, during his assumption of office in May 2020, to present an emergency budget to run the country’s affairs, but this matter was not implemented, and after that the country entered a major financial crisis that forced the government to borrow internally twice, the first in June and the second in October October 2020, to fill the deficit in the salaries of employees and retirees.

Saleh added that the 2022 budget is not austerity, but is subject to the principle of financial consolidation or discipline as much as possible, in order to avoid borrowing except for extreme necessities. Saleh concluded by saying that the next general budget will not be without job grades, especially qualitative, rare and important competencies in the conduct of the work of state agencies.

LINK

MilitiaMan:  THE ARAB MONETARY FUND ISSUES THE 25TH ISSUE OF A SERIES OF INTRODUCTORY BOOKLETS ON “DISTRIBUTED LEDGERS AND BLOCKCHAIN”

 2022-01-06

As part of its strategy for the period (2020-2025)

Today, Wednesday, January 5, 2022, the Arab Monetary Fund issued the twenty-fifth issue of a series of introductory booklets, which dealt with the topic of “Distributed Ledgers and Blockchain”. 

It is worth noting that the issuance of these booklets comes within the framework of the Arab Monetary Fund’s strategy for the period (2020-2025), which includes issuing introductory booklets aimed at increasing economic and financial awareness among Arab youth to enable them to understand the basics of a number of priority economic and financial issues and topics for Arab countries, such as Modern financial technologies, artificial intelligence, digital currencies, and other contemporary economic and financial issues.

Through these booklets, the Fund hopes to contribute to enhancing Arab youth’s knowledge of economic and financial issues and developments around them, which would help achieve visions for future Arab countries.

The issuance of the brochure on “Distributed Records and Blockchain” came within the framework of the Fund’s promotion of the culture of dealing with modern financial technologies and its development, to keep pace with the digital transformation witnessed by the contemporary world in the fields of information and communication technologies, by shedding light on modern technologies that play an effective role and have a direct impact on Modern financial services and their applications in the financial sector.

 In this context, the booklet sheds light on the concept of distributed ledgers and blockchain, their types, components, the difference between them, and their applications in the financial sector. The handbook also addresses the technical and legal challenges facing the implementation of distributed ledgers and blockchain.

It is worth noting that the technologies of distributed ledgers and block chains provide great opportunities that enable a qualitative development in financial and non-financial services, and many services based on the “internet of things”, which eliminate the need for the presence of intermediaries, making them suitable for recording and codifying financial transactions and transactions Payment and other various operations in records. These technologies allow the creation and registration of any type of data in the registry in a decentralized manner. It also allows records management through identity verification, transaction processing, and proving the source of the data used .

The brochure highlights the growing interest in these technologies on a global level, as a solution to many transactions that constitute an obstacle to their completion.  LINK  

MilitiaMan Thursday PM "We are Truly at the End Stage for the RV" 1-6-2022

KTFA:

MilitiaMan:  Good morning KTFA friends.

To the where we are in this RI / Rv of things. Firstly, the below is a snippet from page for of the UN paper a member kindly sent me.

At first glance the last sentence has my attention. It would appear that the time line for reporting was for January 1st, 2022. Take note the report was before the council 12/29/2021. There is a supporting article out today from the US Embassy about the USA and Iraq multifaceted strategic partnership.

Also, today is a celebration day that got started half past 5 pm in the evening. So, after having met the obligations of compensation to Kuwait, there will and should be that Iraq will be able to interlink global banking and with that comes and international rate to be applied.

The banks are now closed until Sunday in Iraq, if I have that correct and there are no new holidays? lol

Add in, the UAE is to link their monetary, governmental and financial work week with the rest of the world tomorrow.

Also, Frank26 suggests and that there was news from WS (contact) that the education process was now done below the managerial level and into the hands of the tellers, iho. My bank contact who has been trained on currency at similar levels suggests that the tellers if having the NSCNs in hand is telling of a move and quickly now.

So, it is my view that there may still be opportunity for us to see this over with by and or over the weekend into early next week, imo.

The article by Saleh and one by Cougar suggests that we could even see the 2022 budget before seating of the government, as the budget was for the most part done back in March 2021.

That is also supported by the UAE coinciding with the western world for banking and commerce.

So, with that said, there could be similar actions from Iraq in that regard, though they have not publicly suggested they are going to adjust their work week with ours. But, they will regardless interlink electronically with the world and with having the CBIs new electronic system in place to interlink with the likes of; AYSCUDA, BUNA, CBDCs, Government entities, etc.. We will see future results and apparently quickly too.

“Iraq: SG reports on UN compensation fund Resolution 1956 (2010) of 15 December 2010 Para. 6: Requests the Secretary-General to provide written reports on an ongoing basis to the council every six months, with the first report due no later than 1 January 2012, about the United Nations compensation fund, evaluating the continued compliance with the provisions of paragraph 21 of resolution 1483 (2003). The report of the Secretary-General dated 29 December 2021 (S/2021/1102) is before the Security Council.”

I hope the above helps and gives you all some hope that we are truly at the end stage for the re instatement and revaluation of the IQD..

Btw, after further data from PP and his Iraqi contact today that talked about a family member doing business yesterday at the Bank in Iraq that enquired about the new notes.

The tellers answer when asked about the NSCNs was a no to begin with, but, when asked about the timing of him seeing or getting the new notes in hand he became uncomfortable, evasive, defensive, slightly aggressive by stamping his book harshly and tossing the book and money bags back to him with no eye contact.

No eye contact is something that goes against the typical mannerisms of their culture. In essence, a rude way of acting to a regular business customer.

However, if we think about the actions of the teller, it would not be surprising at all. There is an all likelihood that the teller was potentially told to be very careful about talking about the NSCNs until the time is right.

That educational conversation could have been within days and fresh in his mind. He may have been told there could be serious repercussions for speaking out of line and divulging data that could potentially get him fired, fined and or jail time.. A Non Disclosure Agreement (NDA) may have had to of been signed, hence the reaction of the teller to the customer. imo ~ MM

Samson:  The UAE witnesses a historic day tomorrow

01/06/2022 08:34:16

Tomorrow, Friday, the UAE will witness the first government working day in the country’s history, within a new weekly work system.

Employees of the federal government sector and local governments, with the exception of Sharjah, begin their work for a period of 4 and a half hours, from 7.30 am to 12:00 pm, according to the implementation of the implementation of the new system of weekly work announced by the UAE government, and entered into force at the beginning of the new year 2022, to be 4 working days, from Monday to Thursday, half working day on Friday, and the weekly holiday on Saturday and Sunday, plus Friday in Sharjah.

From Friday, mosques will start unifying the date of the Friday sermon and prayer, so that it will be at 1:15 in the afternoon throughout the year, and in Sharjah, the date of the Friday sermon, prayer and residence will remain on schedule, according to the Hijri calendar.

The new work system will include the possibility of applying flexible working hours, and the remote work system on Friday in the federal authorities, provided that the federal authorities approve the implementation mechanisms, as required by the interest of the workflow in these authorities.

The new weekly work system will enhance the UAE’s position on the business map as a global economic center, as it will contribute to strengthening the integration of the national economy with various economies and global markets.

And it enhances its important and effective strategic position in the global economy, especially since the new system of weekly work ensures that the days of exchanges and commercial, economic and financial transactions are identical with the countries that adopt the weekly holiday on Saturdays and Sundays.

The adoption of the new system of working days and weekly holidays will support the financial sector, as it will harmonize with working days in international stock exchanges and financial markets, in addition to international banks, and thus the new system will enhance the performance of the stock markets, banks, insurance companies, and foreign trade of the UAE.  LINK

Monday Night KTFA CC "Standing on the Last Step" 1-3-2022

KTFA Monday Night CC

1-3-22……STANDING ON THE LAST STEP

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

https://www.youtube.com/watch?v=v8NvJRM4bz0

MilitiaMan and KTFA Members: "Nothing Concrete Until Monday" 1-1-2022

KTFA:

Manu68:  First of all, Merry Christmas and happy new year to all. Secondly, can someone please tell me what’s happened to the titanium date set in stone and this wasn’t going past 2021? Sorry if i missed it on any yubee tooby call.  

Ross:  What if the titanium date was based upon a moving target, such as, the naming of the new PM or the Approval of the 2022 Budget, etc ?  

Tivon:  As far as the “Titanium Date” is concerned. For one banks in Iraq are closed. So even if they released the rate today you wouldn’t see it until Monday morning.

Secondly January 1st from the Basel 3 Committee in Switzerland gave a hard deadline for banks around the world to implement protocols that would safeguard their institutions from another 2008 crash by having capital backed by gold or silver to protect consumer deposits if another financial crisis was to arise in the future.

Tivon: Which should imply that natural resources such as gold that Iraq has been accumulating to support their new exchange rate will have to be in one open book or portfolio that indicates they have a stable economy given the tons of precious metals they accrued over the years needs to be applied.

One could think “The REER” (Real Effective Exchange Rate). Because Frank has mentioned that banks were going against this mandate and will be shutdown as they  defied this new policy.

We can use our imagination and say these must be Iranian influenced branches that refuse to play ball with the new leadership. I do not know what has come about with the “Financial Management Law” sense it’s not contingent upon the seating of the government given its supposed to be activated by default of the 2022 Budget not being voted on.

 Then again the C.O.M. (Council Of Ministers) already voted on the current year budget. So with that said we all know Iraq has paid the remaining debt to Kuwait. We know Iraq has a sovereign status and they do not require the UN meeting in February to finalize anything for the official removal of CH 7.

We will not know anything concrete until Monday.

Ask yourself how long Iraq or any other country can continue to do any business if their Basel 3 policy is not activated (Today)  in order for International markets to operate using fiat currency and not suffer parity issues with the US Digital Treasury Note that is backed by ISO-20022?

MilitiaMan:  Good job Tivon, well said.. Fascinating thing too, is the ISX is closed tomorrow and there is a holiday for Sunday, yet, banks are to be open, but, with no withdrawals or deposits.. Strange way to do banking or is there more to it? Could it be they are open for exchanges, large notes for small notes? I don’t know, but, we can see that many things are in sync now and as you say, there is not anything we can do about it until next week anyway.. Is that part of the plan? We shall see. imo ~ MM

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Mark:  THE FINAL COUNTDOWN CONTINUES…IMO…THE NSCN NEXT IN THE COUNTDOWN

MilitiaMan:  That is what I expect to be next, showing NSCNs.(New Small Category Notes)  I will look to see what purpose they called for a holiday for Sunday, yet , banks are open, but, there are not to be deposits or withdrawals. I find that interesting, as why do banking without those two integral parts of banking? Well, could that be a time frame to exchange the old notes for new notes? I don’t know but, it sure has my attention.. imo !!! ~ MM

Samson:  Unknown Fate Of The Federal Budget For 2022

1st January, 2022 by Basil Abbas Khudair

In a few hours, we will enter the new year (2022), which is not only a year for New Year’s celebrations, but the official timing of the date of the implementation of the federal budget in Iraq, which begins on 1/1 and ends on 12/31 of each year.

According to the timings set by the constitution and what followed by relevant legislation, the federal government is supposed to refer the annual budget as a draft law to the House of Representatives before the beginning of October so that the House of Representatives discusses and approves the project to turn it into a law so that the matter is completed before the end of the year so that the instructions for its enforcement are ready at the beginning of the following year as it is the situation in the rest of the countries, but none of that happened, not because of the dissolution of the House of Representatives and the shift of the government to the conduct of business in preparation for holding the elections, but rather because there are those who do not abide by the timings and fulfill the deadlines and obligations, and the reasons for not fulfilling them have not yet been announced. The government has prepared a bill. The 2022 budget to be approved before the House of Representatives is dissolved on the date known for months.

The issue does not stop at this point, but rather the budget is subject to possibilities. The President of the Republic issued a republican decree inviting the (elected) House of Representatives to convene on January 9, and this date is expected to be the beginning of the political debate to choose the three presidencies (the House of Representatives, the Republic, the Council of Ministers), and in the event that the three options are completed in good health, the Prime Minister will be given the legal deadline to choose candidates to fill ministerial portfolios that are subject to approval or acceptance by Parliament.

Considering that the budget is a financial tool for transforming plans into actual reality and in proportion to the estimated resources, after which the project is referred to the House of Representatives and after its approval, it is presented to the President of the Republic for approval and publication in the Official Gazette, and the implementation instructions are prepared and circulated to the exchange units. 

There is no waste in it, as it will make the budget executable after 6 months have passed since its entry into force, which will lose some of its quality and feasibility, and during the period from the beginning of the year until the beginning of the implementation of the budget, it will be necessary to spend 1/12 of the actual expenditures for the year 2021, taking into account the proactive step of the Ministry of Finance With its uncles 133133 on December 27, 2021, which included (binding) instructions to restrict or freeze the exchange powers in most areas, and these instructions are valid and enforceable until the entry into force of the 2022 budget law, and it will be difficult for the next government to exceed them except through graduations through the advances and trusts, a method blamed on him for suspicions.

Although the majority is ignorant of the form of the next government, regardless of how it was formed, it will have at least three options. The first is to accept a pro forma budget that covers the fiscal year from its beginning to its end, and the second is to prepare a budget for the period from the beginning of its formation until the end of the fiscal year, such as for six months or more. Less or more and treating previous expenses with accounting adjustments, and the third is acceptance of the fait accompli and not issuing a budget similar to what happened in 2014 and 2020, and investing the remainder of the fiscal year to prepare the 2023 budget, and the three options are embarrassing and do not fit what the next government should characterize in being it was born from the womb of the demonstrations and protests that established the overthrow of the previous government and contributed to changing the electoral law and holding early elections.

Considering that the current composition of the House of Representatives is supposed to be in which the opposition is clear to the public due to the change in the names and affiliations that occurred in the House, and we expect that determining the responsibility for the delay in preparing the budget will be unaccountable, because financial issues often pass peacefully with evidence that the state remains for two years without a budget (2014, 2020) and that the final accounts after 2013 have not been approved until today, and that there are financial violations reported by the competent committees in the House of Representatives and diagnosed by the Integrity Commission and the Board of Financial Supervision, some of them have been resolved and others are still on the way, and it seems that Al-Kazemi’s government did not give precedence to the issue of the 2022 budget, with evidence that the Prime Minister did not refer to it as a topic when he talked about the economic achievements that his government reached in saving the country’s economy from collapse thanks to the (white paper) that achieved a financial abundance of 12 billion dollars.    LINK

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MilitiaMan:  Final accounts appear to have been approved as of today. Articles have talked about 2013 and 2014 Budgets having had accounting issues in the past and apparently that held true and it shows they have been completed to date in 2021. It appears that they did finish the 2022 budget work prior to the dissolution of the parliament.

There are also noted to be financial violations that were found to have occurred back then that now have been resolved and some that will becoming and or are on the way to being resolved. From the looks of it Kahdimi kept the budget data quiet, as he gave no precedence to it in his recent speech.

If there is reason for him to have kept something so important as budgetary issues quite would suggest that there is something sensitive in the budget to keep quiet. The financial abundance may be the clue, we shall see and imo very soon.. ~ MM

Some "Saturday News" posted by Samson 1-1-2022

KTFA:

Samson:  Iraq enters the new year with great celebrations

31st December, 2021

Entered Iraq, the New Year 2022, with great celebrations held in the streets of Baghdad and the provinces.

And the Iraqis expressed their joy and happiness in the new year by launching fireworks that decorated the sky of Iraqi cities.  LINK

Samson:  The Iraqi Stock Exchange announces the suspension of its activity for one day

1st January, 2022

Today, Saturday, the Iraqi Stock Exchange announced the suspension of its activity for a period of one day.

The market said in a statement, received by Mawazine News, that “the trading sessions for tomorrow, Sunday, will not be organized based on the decision of the Council of Ministers to declare an official holiday for this day on the occasion of the New Year holidays.”  LINK

The statement added, “The activity will take place after the official holiday and starting next Monday, according to its official timings.” 

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Samson:  Mayor of Baghdad: We will organize major celebrations on Army Day, the departure of foreign forces, and the upcoming convening of the new parliament

12/31/2021 22:14:42

The Mayor of Baghdad, Alaa Maan, announced the organization of major celebrations in the capital, Baghdad, on January 6, to celebrate the new year, the anniversary of the establishment of the Iraqi army, the departure of foreign combat forces, and the approaching convening of the first session of the new Iraqi parliament.

A statement of the secretariat, a copy of which was received by {Euphrates News} Agency, said that Maan “presents the most beautiful words of congratulations to the Iraqi people and their valiant security forces on the occasion of the new year, wishing it to be a year of goodness, love, peace and reconstruction for all Iraqis.”

The Mayor of Baghdad also promised that the new year 2022 will be full of vital service projects and effective in advancing the reality of the beloved capital, Baghdad, and its urban and aesthetic scene.

He pointed out that “the celebrations of the Baghdad Municipality in the new year and the anniversary of the founding of the valiant Iraqi army this year will be special because it coincides with the departure of foreign combat forces in light of the success of the government program of Prime Minister Mustafa Al-Kazemi, which achieved a large number of achievements at the internal and external levels, as well as on the occasion of the upcoming convening of the first session of Parliament the new”.   LINK

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Samson:  What did the 12 billions of dollars do to the state treasury?.. a reassuring answer for the first time

31st December, 2021

Friday, a former member of the Parliamentary Finance Committee, Jamal Cougar, commented on Prime Minister Mustafa Al-Kazemi’s announcement of providing $12 billion from the reserves of the Central Bank of Iraq.

Cougar said in a statement to (Baghdad Today), that “increasing the reserves of the Central Bank and providing the financial cover for it, will contribute to Iraq being safe from economic crises.

He added, “When the Corona crisis swept and hit the global economy, the only recourse for the Iraqi state was the bank reserve.”

Noting that “when the reserve reached $48 billion, a warning was sent to the Iraqi government against withdrawing more because in this case the Iraqi dinar will lose its purchasing power.”  LINK

Samson:  Analyzes suggest that Al-Sadr will support Al-Kazemi as prime minister of the next government

29th December, 2021

The London-based Asharq Al-Awsat newspaper reported, in a report this week, that the current Prime Minister, Mustafa Al-Kazemi, is one of the most prominent names nominated for the position of prime minister inside closed rooms, while Al-Jazeera TV reported in a report titled “Al-Sadr is the King-maker in Iraq” that Al-Kazemi succeeded in exploiting the card of his alliance with Al-Sadr, as the most prominent fruit of the relationship between Al-Kazemi and Al-Sadr was the passage of the new election law that Muqtada Al-Sadr supported and resulted in him obtaining the highest percentage he had previously won in Parliament (73 seats). again at the head of the government.

But despite everything, Al-Sadr eventually achieved the largest electoral victory known to the current he leads since 2003, which will allow him to consolidate his position as a king-maker, and continue to shape government policies through his alliance with Al-Kazemi.

Simultaneously, the Asharq Al-Awsat newspaper report said that Al-Kazemi succeeded within a year and a few months in many files, most notably the elections.

But in Iraq, the verse appears to be reversed in terms of the success or failure of any official or government. In the event of the failure of the Prime Minister and his government, the political forces that share all power with him, even the minute details, disavow in order to bear responsibility alone, according to the report. But if successes are achieved, she shares power with him, and thus she will gain a measure of success, but she either obstructs this success or stands against it publicly so that his points are not counted in favor of the prime minister.  

As for the battle to renew the presidency, the anti-Kazemi forces refuse to renew it. Against these forces stands the Sadrist movement led by Muqtada al-Sadr, who wants a national majority government and largely supports the renewal of Al-Kazemi for a second term.

The Kurds, who are divided over their candidate for the presidency, are searching with the Sunnis for a formula that satisfies the two Sunni alliances, the Taqad party led by Muhammad al-Halbousi, and the Azm alliance led by Khamis al-Khanjar, in return for their support for the candidate for the presidency, which is disputed between the two Kurdish parties.  

The Kurds are discussing with the Shiites a formula that satisfies the two opposing Shiite parties (Al-Sadr and the coordination framework) to choose a new prime minister among several candidates, including Al-Kazemi.

The Kurds tend to consociationalism, which is not consistent with Al-Sadr’s vision, but they agree with the leader of the Sadrist movement in supporting Al-Kazemi, whom the Coordinating Framework Group is not satisfied with. LINK

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Samson:  Oil Prices Are Expected To Rise To $120 Per Barrel In 2022

1st January, 2022

The Omicron variant of the emerging corona virus has caused ambiguous expectations for energy markets during the new year, according to the “Wall Street Journal.”

Crude oil prices last year reached their highest levels since 2014 before governments restricted travel to disrupt the Omicron mutant in late November, raising questions about the black gold’s continuing upward trajectory.

And the head of commodity and derivatives research at Bank of America, Francisco Blanche, believes that Brent crude prices could exceed $100 a barrel to reach $120 during 2022 unless there is an increase in hospital admissions for Covid-19 patients or a massive outbreak of the coronavirus. In China, the largest buyer of crude oil in the world.

The world still uses less oil than it did before the time of the Corona virus epidemic, as it consumes about 96.2 million barrels per day in 2021, according to the International Energy Agency. Balance expects the demand for crude oil to reach pre-pandemic levels – 100 million barrels of oil per day – during the third quarter of 2022.

Some banks also expect another rise in oil prices in the coming years due to the lack of investment in fossil fuels and the trend towards alternative energy, including increased investment in electric vehicles. And demand for oil rose with the recovery of economies during 2021, at a time when producers are still holding millions of barrels.   LINK